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Aarp free tax preparation locations Publication 575 - Introductory Material Table of Contents What's New Reminders IntroductionThe General Rule. Aarp free tax preparation locations Individual retirement arrangements (IRAs). Aarp free tax preparation locations Civil service retirement benefits. Aarp free tax preparation locations Social security and equivalent tier 1 railroad retirement benefits. Aarp free tax preparation locations Tax-sheltered annuity plans (403(b) plans). Aarp free tax preparation locations Ordering forms and publications. Aarp free tax preparation locations Tax questions. Aarp free tax preparation locations Useful Items - You may want to see: What's New For purposes of the net investment income tax (NIIT), net investment income does not include distributions from a qualified retirement plan (for example, 401(a), 403(a), 403(b), 408, 408A, or 457(b) plans). Aarp free tax preparation locations However, these distributions are taken into account when determining the modified adjusted gross income threshold. Aarp free tax preparation locations Distributions from a nonqualified retirement plan are included in net investment income. Aarp free tax preparation locations See Form 8960, Net Investment Income Tax - Individuals, Estates, and Trusts, and its instructions for more information. Aarp free tax preparation locations Reminders Future developments. Aarp free tax preparation locations  For the latest information about developments related to Publication 575, such as legislation enacted after it was published, go to www. Aarp free tax preparation locations irs. Aarp free tax preparation locations gov/pub575. Aarp free tax preparation locations In-plan Roth rollovers. Aarp free tax preparation locations   Starting in 2013, the American Taxpayer Relief Act of 2012 expanded the rules for in-plan Roth rollovers to include more taxpayers. Aarp free tax preparation locations For more information, see In-plan Roth rollovers under Rollovers, discussed later. Aarp free tax preparation locations Photographs of missing children. Aarp free tax preparation locations  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Aarp free tax preparation locations Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Aarp free tax preparation locations You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Aarp free tax preparation locations Introduction This publication discusses the tax treatment of distributions you receive from pension and annuity plans and also shows you how to report the income on your federal income tax return. Aarp free tax preparation locations How these distributions are taxed depends on whether they are periodic payments (amounts received as an annuity) that are paid at regular intervals over several years or nonperiodic payments (amounts not received as an annuity). Aarp free tax preparation locations What is covered in this publication?   This publication contains information that you need to understand the following topics. Aarp free tax preparation locations How to figure the tax-free part of periodic payments under a pension or annuity plan, including using a simple worksheet for payments under a qualified plan. Aarp free tax preparation locations How to figure the tax-free part of nonperiodic payments from qualified and nonqualified plans, and how to use the optional methods to figure the tax on lump-sum distributions from pension, stock bonus, and profit-sharing plans. Aarp free tax preparation locations How to roll over certain distributions from a retirement plan into another retirement plan or IRA. Aarp free tax preparation locations How to report disability payments, and how beneficiaries and survivors of employees and retirees must report benefits paid to them. Aarp free tax preparation locations How to report railroad retirement benefits. Aarp free tax preparation locations When additional taxes on certain distributions may apply (including the tax on early distributions and the tax on excess accumulation). Aarp free tax preparation locations For additional information on how to report pension or annuity payments on your federal income tax return, be sure to review the instructions on the back of Copies B, C, and 2 of the Form 1099-R that you received and the instructions for Form 1040, lines 16a and 16b (Form 1040A, lines 12a and 12b or Form 1040NR, lines 17a and 17b). Aarp free tax preparation locations A “corrected” Form 1099-R replaces the corresponding original Form 1099-R if the original Form 1099-R contained an error. Aarp free tax preparation locations Make sure you use the amounts shown on the corrected Form 1099-R when reporting information on your tax return. Aarp free tax preparation locations What is not covered in this publication?   The following topics are not discussed in this publication. Aarp free tax preparation locations The General Rule. Aarp free tax preparation locations   This is the method generally used to determine the tax treatment of pension and annuity income from nonqualified plans (including commercial annuities). Aarp free tax preparation locations For a qualified plan, you generally cannot use the General Rule unless your annuity starting date is before November 19, 1996. Aarp free tax preparation locations Although this publication will help you determine whether you can use the General Rule, it will not help you use it to determine the tax treatment of your pension or annuity income. Aarp free tax preparation locations For that and other information on the General Rule, see Publication 939, General Rule for Pensions and Annuities. Aarp free tax preparation locations Individual retirement arrangements (IRAs). Aarp free tax preparation locations   Information on the tax treatment of amounts you receive from an IRA is in Publication 590, Individual Retirement Arrangements (IRAs). Aarp free tax preparation locations Civil service retirement benefits. Aarp free tax preparation locations   If you are retired from the federal government (regular, phased, or disability retirement) or are the survivor or beneficiary of a federal employee or retiree who died, get Publication 721, Tax Guide to U. Aarp free tax preparation locations S. Aarp free tax preparation locations Civil Service Retirement Benefits. Aarp free tax preparation locations Publication 721 covers the tax treatment of federal retirement benefits, primarily those paid under the Civil Service Retirement System (CSRS) or the Federal Employees' Retirement System (FERS). Aarp free tax preparation locations It also covers benefits paid from the Thrift Savings Plan (TSP). Aarp free tax preparation locations Social security and equivalent tier 1 railroad retirement benefits. Aarp free tax preparation locations   For information about the tax treatment of these benefits, see Publication 915, Social Security and Equivalent Railroad Retirement Benefits. Aarp free tax preparation locations However, this publication (575) covers the tax treatment of the non-social security equivalent benefit portion of tier 1 railroad retirement benefits, tier 2 benefits, vested dual benefits, and supplemental annuity benefits paid by the U. Aarp free tax preparation locations S. Aarp free tax preparation locations Railroad Retirement Board. Aarp free tax preparation locations Tax-sheltered annuity plans (403(b) plans). Aarp free tax preparation locations   If you work for a public school or certain tax-exempt organizations, you may be eligible to participate in a 403(b) retirement plan offered by your employer. Aarp free tax preparation locations Although this publication covers the treatment of benefits under 403(b) plans and discusses in-plan Roth rollovers from 403(b) plans to designated Roth accounts, it does not cover other tax provisions that apply to these plans. Aarp free tax preparation locations For that and other information on 403(b) plans, see Publication 571, Tax-Sheltered Annuity Plans (403(b) Plans) For Employees of Public Schools and Certain Tax-Exempt Organizations. Aarp free tax preparation locations Comments and suggestions. Aarp free tax preparation locations   We welcome your comments about this publication and your suggestions for future editions. Aarp free tax preparation locations   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Aarp free tax preparation locations NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Aarp free tax preparation locations Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Aarp free tax preparation locations   You can send your comments from www. Aarp free tax preparation locations irs. Aarp free tax preparation locations gov/formspubs/. Aarp free tax preparation locations Click on “More Information” and then on “Comment on Tax Forms and Publications. Aarp free tax preparation locations ”   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. Aarp free tax preparation locations Ordering forms and publications. Aarp free tax preparation locations   Visit www. Aarp free tax preparation locations irs. Aarp free tax preparation locations gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. Aarp free tax preparation locations Internal Revenue Service 1201 N. Aarp free tax preparation locations Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Aarp free tax preparation locations   If you have a tax question, check the information available on IRS. Aarp free tax preparation locations gov or call 1-800-829-1040. Aarp free tax preparation locations We cannot answer tax questions sent to either of the above addresses. Aarp free tax preparation locations Useful Items - You may want to see: Publication 524 Credit for the Elderly or the Disabled 525 Taxable and Nontaxable Income 560 Retirement Plans for Small Business (SEP, SIMPLE, and Qualified Plans) 571 Tax-Sheltered Annuity Plans (403(b) Plans) For Employees of Public Schools and Certain Tax-Exempt Organizations 590 Individual Retirement Arrangements (IRAs) 721 Tax Guide to U. Aarp free tax preparation locations S. Aarp free tax preparation locations Civil Service Retirement Benefits 915 Social Security and Equivalent Railroad Retirement Benefits 939 General Rule for Pensions and Annuities Form (and Instructions) W-4P Withholding Certificate for Pension or Annuity Payments 1099-R Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Aarp free tax preparation locations 4972 Tax on Lump-Sum Distributions 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts See How To Get Tax Help near the end of this publication for information about getting publications and forms. Aarp free tax preparation locations Prev  Up  Next   Home   More Online Publications
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Aarp free tax preparation locations Publication 595 - Main Contents Table of Contents Capital Construction FundCCF Accounts Types of Accounts You Must Maintain Within a CCF Tax Treatment of CCF Deposits Tax Treatment of CCF Earnings Tax Treatment of CCF Withdrawals More Information How To Get Tax Help Capital Construction Fund The following sections discuss CCF accounts and the types of bookkeeping accounts you must maintain when you invest in a CCF account. Aarp free tax preparation locations They also discuss the income tax treatment of CCF deposits, earnings, and withdrawals. Aarp free tax preparation locations CCF Accounts This section explains who can open a CCF account and how to use the account to defer income tax. Aarp free tax preparation locations Opening a CCF account. Aarp free tax preparation locations   If you are a U. Aarp free tax preparation locations S. Aarp free tax preparation locations citizen and you own or lease one or more eligible vessels (defined later), you can open a CCF account. Aarp free tax preparation locations However, before you open your CCF account, you must enter into an agreement with the Secretary of Commerce through the NMFS. Aarp free tax preparation locations This agreement will establish the following. Aarp free tax preparation locations Agreement vessels. Aarp free tax preparation locations Eligible vessels named in the agreement that will be the basis for the deferral of income tax. Aarp free tax preparation locations Planned use of withdrawals. Aarp free tax preparation locations Use of CCF funds to acquire, build, or rebuild a vessel. Aarp free tax preparation locations CCF depository. Aarp free tax preparation locations Where your CCF funds will be held. Aarp free tax preparation locations    You can request an application kit or get additional information from NMFS at the following address. Aarp free tax preparation locations NOAA/NMFS, Financial Services Division, F/MB5 Capital Construction Fund Program 1315 East-West Highway Silver Spring, MD 20910-3282    You can obtain information on the Capital Construction Fund Program at the following website: www. Aarp free tax preparation locations nmfs. Aarp free tax preparation locations noaa. Aarp free tax preparation locations gov/mb/financial_services/ccf. Aarp free tax preparation locations htm. Aarp free tax preparation locations    You can call NMFS to request an application kit or get additional information at (301) 713-2393 (ext. Aarp free tax preparation locations 204). Aarp free tax preparation locations Their fax number is (301) 713-1939. Aarp free tax preparation locations Eligible vessels. Aarp free tax preparation locations   There are two types of vessels that may be considered eligible, those weighing 5 tons or more and those weighing less than 5 tons. Aarp free tax preparation locations For each type, certain requirements must be met. Aarp free tax preparation locations Vessel weighing 5 tons or more. Aarp free tax preparation locations   To be considered eligible, the vessel must meet all the following requirements. Aarp free tax preparation locations Be built or rebuilt in the United States. Aarp free tax preparation locations Be documented under the laws of the United States. Aarp free tax preparation locations Be used commercially in the fisheries of the United States. Aarp free tax preparation locations Be operated in the foreign or domestic commerce of the United States. Aarp free tax preparation locations Vessel weighing less than 5 tons. Aarp free tax preparation locations   A small vessel, weighing at least 2 net tons but less than 5 net tons, must meet all the following requirements to be considered eligible. Aarp free tax preparation locations Be built or rebuilt in the United States. Aarp free tax preparation locations Be owned by a U. Aarp free tax preparation locations S. Aarp free tax preparation locations citizen. Aarp free tax preparation locations Have a home port in the United States. Aarp free tax preparation locations Be used commercially in the fisheries of the United States. Aarp free tax preparation locations Deferring tax on CCF deposits and earnings. Aarp free tax preparation locations   You can use a CCF account to defer income tax by taking the following actions. Aarp free tax preparation locations Making deposits to your CCF account from taxable income. Aarp free tax preparation locations Excluding from income deposits assigned to certain accounts (discussed later). Aarp free tax preparation locations Making withdrawals from your CCF account when you acquire, build, or rebuild fishing vessels. Aarp free tax preparation locations Reducing the basis of fishing vessels you acquire, build, or rebuild to recapture amounts previously excluded from tax. Aarp free tax preparation locations    Reporting requirements. Aarp free tax preparation locations Beginning with the tax year in which you establish your agreement, you must report annual deposit and withdrawal activity to the NMFS on NOAA Form 34-82. Aarp free tax preparation locations This form is due within 30 days after you file your federal income tax return even if no deposits or withdrawals are made. Aarp free tax preparation locations For more information, contact the NMFS at the address or phone number given earlier. Aarp free tax preparation locations Types of Accounts You Must Maintain Within a CCF This section discusses the three types of bookkeeping accounts you must maintain when you invest in a CCF account. Aarp free tax preparation locations Your total CCF deposits and earnings for any given year are limited to the amount attributed to these three accounts for that year. Aarp free tax preparation locations Capital account. Aarp free tax preparation locations   The capital account consists primarily of amounts attributable to the following items. Aarp free tax preparation locations Allowable depreciation deductions for agreement vessels. Aarp free tax preparation locations Any nontaxable return of capital from either (a) or (b), below. Aarp free tax preparation locations The sale or other disposition of agreement vessels. Aarp free tax preparation locations Insurance or indemnity proceeds attributable to agreement vessels. Aarp free tax preparation locations Any tax-exempt interest earned on state or local bonds in your CCF account. Aarp free tax preparation locations Capital gain account. Aarp free tax preparation locations   The capital gain account consists of amounts attributable to the following items reduced by any capital losses from assets held in your CCF account for more than 6 months. Aarp free tax preparation locations Any capital gain from either of the following sources. Aarp free tax preparation locations The sale or other disposition of agreement vessels held for more than 6 months. Aarp free tax preparation locations Insurance or indemnity proceeds attributable to agreement vessels held for more than 6 months. Aarp free tax preparation locations Any capital gain from assets held in your CCF account for more than 6 months. Aarp free tax preparation locations Ordinary income account. Aarp free tax preparation locations   The ordinary income account consists of amounts attributable to the following items. Aarp free tax preparation locations Any earnings (without regard to the carryback of any net operating or net capital loss) from the operation of agreement vessels in the fisheries of the United States or in the foreign or domestic commerce of the United States. Aarp free tax preparation locations Any capital gain from the following sources reduced by any capital losses from assets held in your CCF account for 6 months or less. Aarp free tax preparation locations The sale or other disposition of agreement vessels held for 6 months or less. Aarp free tax preparation locations Insurance or indemnity proceeds attributable to agreement vessels held for 6 months or less. Aarp free tax preparation locations Any capital gain from assets held in your CCF account for 6 months or less. Aarp free tax preparation locations Any ordinary income (such as depreciation recapture) from either of the following sources. Aarp free tax preparation locations The sale or other disposition of agreement vessels. Aarp free tax preparation locations Insurance or indemnity proceeds attributable to agreement vessels. Aarp free tax preparation locations Any interest (not including tax-exempt interest from state and local bonds), most dividends, and other ordinary income earned on the assets in your CCF account. Aarp free tax preparation locations Tax Treatment of CCF Deposits This section explains the tax treatment of income used as the basis for CCF deposits. Aarp free tax preparation locations Capital gains. Aarp free tax preparation locations   Do not report any transaction that produces a capital gain if you deposit the net proceeds into your CCF account. Aarp free tax preparation locations This treatment applies to either of the following transactions. Aarp free tax preparation locations The sale or other disposition of an agreement vessel. Aarp free tax preparation locations The receipt of insurance or indemnity proceeds attributable to an agreement vessel. Aarp free tax preparation locations Depreciation recapture. Aarp free tax preparation locations   Do not report any transaction that produces depreciation recapture if you deposit the net proceeds into your CCF account. Aarp free tax preparation locations This treatment applies to either of the following transactions. Aarp free tax preparation locations The sale or other disposition of an agreement vessel. Aarp free tax preparation locations The receipt of insurance or indemnity proceeds attributable to an agreement vessel. Aarp free tax preparation locations Earnings from operations. Aarp free tax preparation locations   Report earnings from the operation of agreement vessels on your Schedule C or C-EZ (Form 1040) even if you deposit part of these earnings into your CCF account. Aarp free tax preparation locations You subtract any part of the earnings you deposited into your CCF account from the amount you would otherwise enter as taxable income on Form 1040, line 43 (for 2005). Aarp free tax preparation locations Next to line 43, write “CCF” and the amount of the deposits. Aarp free tax preparation locations Do not deduct these CCF deposits on Schedule C or C-EZ (Form 1040). Aarp free tax preparation locations If you deposit earnings from operations into your CCF account and you must complete other forms such as Form 6251, Alternative Minimum Tax (Individuals), or a worksheet for Schedule D (Form 1040), you will need to make an extra computation. Aarp free tax preparation locations When the other form instructs you to use the amount from Form 1040, line 41 (for 2005), do not use that amount. Aarp free tax preparation locations Instead, add Form 1040, lines 42 and 43 (for 2005), and use that amount. Aarp free tax preparation locations Self-employment tax. Aarp free tax preparation locations   You must use your net profit or loss from your fishing business to figure your self-employment tax. Aarp free tax preparation locations Do not reduce your net profit or loss by any earnings from operations you deposit into your CCF account. Aarp free tax preparation locations    Partnerships and S corporations. Aarp free tax preparation locations The deduction for partnership earnings from operations deposited into a CCF account is separately stated on Schedule K (Form 1065), line 13d, and allocated to the partners on Schedule K-1 (Form 1065), box 13 (for 2005). Aarp free tax preparation locations   The deduction for S corporation earnings deposited into a CCF account is separately stated on Schedule K (Form 1120S), line 12d, and allocated to the shareholders on Schedule K-1 (Form 1120S), box 12 (for 2005). Aarp free tax preparation locations Tax Treatment of CCF Earnings This section explains the tax treatment of the earnings from the assets in your CCF account when the earnings are redeposited or left in your account. Aarp free tax preparation locations However, if you choose to withdraw the earnings in the year earned, you must generally pay income tax on them. Aarp free tax preparation locations Capital gains. Aarp free tax preparation locations   Do not report any capital gains from the sale of capital assets held in your CCF account. Aarp free tax preparation locations This includes capital gain distributions reported to you on Form 1099-DIV or a substitute statement. Aarp free tax preparation locations However, you should attach a statement to your tax return to list the payers and the amounts and to identify the capital gains as “CCF account earnings. Aarp free tax preparation locations ” Interest and dividends. Aarp free tax preparation locations   Do not report any ordinary income (such as interest and dividends) you earn on the assets in your CCF account. Aarp free tax preparation locations However, you should attach a statement to your return to list the payers and the amounts and to identify them as “CCF account earnings. Aarp free tax preparation locations ”   If you are required to file Schedule B (Form 1040), you can add these earnings to the list of payers and amounts on line 1 or line 5 and identify them as “CCF earnings. Aarp free tax preparation locations ” Then, subtract the same amounts from the list and identify them as “CCF deposits. Aarp free tax preparation locations ” Tax-exempt interest. Aarp free tax preparation locations   Do not report tax-exempt interest from state or local bonds you held in your CCF account. Aarp free tax preparation locations You are not required to report this interest on Form 1040, line 8b. Aarp free tax preparation locations Tax Treatment of CCF Withdrawals This section discusses the tax treatment of amounts you withdraw from your CCF account during the year. Aarp free tax preparation locations Qualified Withdrawals A qualified withdrawal from a CCF account is one that is approved by NMFS for either of the following uses. Aarp free tax preparation locations Acquiring, building, or rebuilding qualified vessels (defined next). Aarp free tax preparation locations Making principal payments on the mortgage of a qualified vessel. Aarp free tax preparation locations NMFS will not approve amounts withdrawn to purchase nets not continuously attached to the vessel, such as seine nets, gill set-nets, and gill drift-nets. Aarp free tax preparation locations NMFS will approve amounts withdrawn to purchase trawl nets. Aarp free tax preparation locations Qualified vessel. Aarp free tax preparation locations   This is any vessel that meets all of the following requirements. Aarp free tax preparation locations The vessel was built or rebuilt in the United States. Aarp free tax preparation locations The vessel is documented under the laws of the United States. Aarp free tax preparation locations The person maintaining the CCF account agrees with the Secretary of Commerce that the vessel will be operated in United States foreign trade, Great Lakes trade, noncontiguous domestic trade, or the fisheries of the United States. Aarp free tax preparation locations How to determine the source of qualified withdrawals. Aarp free tax preparation locations   When you make a qualified withdrawal, the amount is treated as being withdrawn in the following order from the accounts listed below. Aarp free tax preparation locations The capital account. Aarp free tax preparation locations The capital gain account. Aarp free tax preparation locations The ordinary income account. Aarp free tax preparation locations Excluding qualified withdrawals from tax. Aarp free tax preparation locations   Do not report on your income tax return any qualified withdrawals from your CCF account. Aarp free tax preparation locations Reduce the depreciable basis of fishing vessels you acquire, build, or rebuild when you make a qualified withdrawal from either the capital gain or the ordinary income account. Aarp free tax preparation locations Nonqualified Withdrawals A nonqualified withdrawal from a CCF account is generally any withdrawal that is not a qualified withdrawal. Aarp free tax preparation locations Qualified withdrawals are defined under Qualified Withdrawals, earlier. Aarp free tax preparation locations Examples. Aarp free tax preparation locations   Examples of nonqualified withdrawals include the following amounts from either the ordinary income account or the capital gain account. Aarp free tax preparation locations Amounts remaining in a CCF account upon termination of your agreement with NMFS. Aarp free tax preparation locations Amounts you withdraw and use to make principal payments on the mortgage of a vessel if the basis of that vessel and the bases of other vessels you own have already been reduced to zero. Aarp free tax preparation locations Amounts determined by the IRS to cause your CCF account balance to exceed the amount appropriate to meet your planned use of withdrawals. Aarp free tax preparation locations You will generally be given 3 years to revise your plans to cover this excess balance. Aarp free tax preparation locations Amounts you leave in your account for more than 25 years. Aarp free tax preparation locations There is a graduated schedule under which the percentage applied to determine the amount of the nonqualified withdrawal increases from 20% in the 26th year to 100% in the 30th year. Aarp free tax preparation locations How to determine the source of nonqualified withdrawals. Aarp free tax preparation locations    When you make a nonqualified withdrawal from your CCF account, the amount is treated as being withdrawn in the following order from the accounts listed below. Aarp free tax preparation locations The ordinary income account. Aarp free tax preparation locations The capital gain account. Aarp free tax preparation locations The capital account. Aarp free tax preparation locations Paying tax on nonqualified withdrawals. Aarp free tax preparation locations   In general, nonqualified withdrawals are taxed separately from your other gross income and at the highest marginal tax rate in effect for the year of withdrawal. Aarp free tax preparation locations However, nonqualified withdrawals treated as made from the capital gain account are taxed at a rate that cannot exceed 15% for individuals and 34% for corporations. Aarp free tax preparation locations    Partnerships and S corporations. Aarp free tax preparation locations Taxable nonqualified partnership withdrawals are separately stated on Schedule K (Form 1065), line 20c, and allocated to the partners on Schedule K-1 (Form 1065), box 20 (for 2005). Aarp free tax preparation locations Taxable nonqualified withdrawals by an S corporation are separately stated on Schedule K (Form 1120S), line 17d, and allocated to the shareholders on Schedule K-1 (Form 1120S), box 17. Aarp free tax preparation locations Interest. Aarp free tax preparation locations   You must pay interest on the additional tax due to nonqualified withdrawals that are treated as made from either the ordinary income or the capital gain account. Aarp free tax preparation locations The interest period begins on the last date for paying tax for the year for which you deposited the amount you withdrew from your CCF account. Aarp free tax preparation locations The period ends on the last date for paying tax for the year in which you make the nonqualified withdrawal. Aarp free tax preparation locations The interest rate on the nonqualified withdrawal is simple interest. Aarp free tax preparation locations The rate is subject to change annually and is published in the Federal Register. Aarp free tax preparation locations    You also can call NMFS at (301) 713-2393 (ext. Aarp free tax preparation locations 204) to get the current interest rate. Aarp free tax preparation locations Interest deduction. Aarp free tax preparation locations   You can deduct the interest you pay on a nonqualified withdrawal as a trade or business expense. Aarp free tax preparation locations Reporting the additional tax and interest. Aarp free tax preparation locations   Attach a statement to your income tax return showing your computation of the tax and the interest on a nonqualified withdrawal. Aarp free tax preparation locations Include the tax and interest on Form 1040, line 63 (for 2005). Aarp free tax preparation locations To the left of line 63, write in the amount of tax and interest and “CCF. Aarp free tax preparation locations ” Tax benefit rule. Aarp free tax preparation locations   If any portion of your nonqualified withdrawal is properly attributable to contributions (not earnings on the contributions) you made to the CCF account that did not reduce your tax liability for any tax year prior to the withdrawal year, the following tax treatment applies. Aarp free tax preparation locations The part that did not reduce your tax liability for any year prior to the withdrawal year is not taxed. Aarp free tax preparation locations That part is allowed as a net operating loss deduction. Aarp free tax preparation locations More Information This section briefly discussed the CCF program. Aarp free tax preparation locations For more detailed information, see the following legislative authorities. Aarp free tax preparation locations Section 607 of the Merchant Marine Act of 1936, as amended (46 U. Aarp free tax preparation locations S. Aarp free tax preparation locations C. Aarp free tax preparation locations 1177). Aarp free tax preparation locations Chapter 2, Part 259 of title 50 of the Code of Federal Regulations (50 C. Aarp free tax preparation locations F. Aarp free tax preparation locations R. Aarp free tax preparation locations , Part 259). Aarp free tax preparation locations Subchapter A, Part 3 of title 26 of the Code of Federal Regulations (26 C. Aarp free tax preparation locations F. Aarp free tax preparation locations R. Aarp free tax preparation locations , Part 3). Aarp free tax preparation locations Section 7518 of the Internal Revenue Code (IRC 7518). Aarp free tax preparation locations The application kit you can obtain from NMFS at the address or phone number given earlier may contain copies of some of these sources of additional information. Aarp free tax preparation locations Also, see their web page at www. Aarp free tax preparation locations nmfs. Aarp free tax preparation locations noaa. Aarp free tax preparation locations gov/mb/financial_services/ccf. Aarp free tax preparation locations htm. Aarp free tax preparation locations How To Get Tax Help You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get information from the IRS in several ways. Aarp free tax preparation locations By selecting the method that is best for you, you will have quick and easy access to tax help. Aarp free tax preparation locations Contacting your Taxpayer Advocate. Aarp free tax preparation locations   If you have attempted to deal with an IRS problem unsuccessfully, you should contact your Taxpayer Advocate. Aarp free tax preparation locations   The Taxpayer Advocate independently represents your interests and concerns within the IRS by protecting your rights and resolving problems that have not been fixed through normal channels. Aarp free tax preparation locations While Taxpayer Advocates cannot change the tax law or make a technical tax decision, they can clear up problems that resulted from previous contacts and ensure that your case is given a complete and impartial review. Aarp free tax preparation locations   To contact your Taxpayer Advocate: Call the Taxpayer Advocate toll free at 1-877-777-4778, Call, write, or fax the Taxpayer Advocate office in your area, Call 1-800-829-4059 if you are a TTY/TDD user, or Visit www. Aarp free tax preparation locations irs. Aarp free tax preparation locations gov/advocate. Aarp free tax preparation locations   For more information, see Publication 1546, How To Get Help With Unresolved Tax Problems (now available in Chinese, Korean, Russian, and Vietnamese, in addition to English and Spanish). Aarp free tax preparation locations Free tax services. Aarp free tax preparation locations   To find out what services are available, get Publication 910, IRS Guide to Free Tax Services. Aarp free tax preparation locations It contains a list of free tax publications and an index of tax topics. Aarp free tax preparation locations It also describes other free tax information services, including tax education and assistance programs and a list of TeleTax topics. Aarp free tax preparation locations Internet. Aarp free tax preparation locations You can access the IRS website 24 hours a day, 7 days a week, at www. Aarp free tax preparation locations irs. Aarp free tax preparation locations gov to: E-file your return. Aarp free tax preparation locations Find out about commercial tax preparation and e-file services available free to eligible taxpayers. Aarp free tax preparation locations Check the status of your refund. Aarp free tax preparation locations Click on Where's My Refund. Aarp free tax preparation locations Be sure to wait at least 6 weeks from the date you filed your return (3 weeks if you filed electronically). Aarp free tax preparation locations Have your tax return available because you will need to know your social security number, your filing status, and the exact whole dollar amount of your refund. Aarp free tax preparation locations Download forms, instructions, and publications. Aarp free tax preparation locations Order IRS products online. Aarp free tax preparation locations Research your tax questions online. Aarp free tax preparation locations Search publications online by topic or keyword. Aarp free tax preparation locations View Internal Revenue Bulletins (IRBs) published in the last few years. Aarp free tax preparation locations Figure your withholding allowances using our Form W-4 calculator. Aarp free tax preparation locations Sign up to receive local and national tax news by email. Aarp free tax preparation locations Get information on starting and operating a small business. Aarp free tax preparation locations Phone. Aarp free tax preparation locations Many services are available by phone. Aarp free tax preparation locations Ordering forms, instructions, and publications. Aarp free tax preparation locations Call 1-800-829-3676 to order current-year forms, instructions, and publications and prior-year forms and instructions. Aarp free tax preparation locations You should receive your order within 10 days. Aarp free tax preparation locations Asking tax questions. Aarp free tax preparation locations Call the IRS with your tax questions at 1-800-829-1040. Aarp free tax preparation locations Solving problems. Aarp free tax preparation locations You can get face-to-face help solving tax problems every business day in IRS Taxpayer Assistance Centers. Aarp free tax preparation locations An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. Aarp free tax preparation locations Call your local Taxpayer Assistance Center for an appointment. Aarp free tax preparation locations To find the number, go to www. Aarp free tax preparation locations irs. Aarp free tax preparation locations gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. Aarp free tax preparation locations TTY/TDD equipment. Aarp free tax preparation locations If you have access to TTY/TDD equipment, call 1-800-829-4059 to ask tax questions or to order forms and publications. Aarp free tax preparation locations TeleTax topics. Aarp free tax preparation locations Call 1-800-829-4477 and press 2 to listen to pre-recorded messages covering various tax topics. Aarp free tax preparation locations Refund information. Aarp free tax preparation locations If you would like to check the status of your refund, call 1-800-829-4477 and press 1 for automated refund information and follow the recorded instructions or call 1-800-829-1954. Aarp free tax preparation locations Be sure to wait at least 6 weeks from the date you filed your return (3 weeks if you filed electronically). Aarp free tax preparation locations Have your tax return available because you will need to know your social security number, your filing status, and the exact whole dollar amount of your refund. Aarp free tax preparation locations Evaluating the quality of our telephone services. Aarp free tax preparation locations To ensure that IRS representatives give accurate, courteous, and professional answers, we use several methods to evaluate the quality of our telephone services. Aarp free tax preparation locations One method is for a second IRS representative to sometimes listen in on or record telephone calls. Aarp free tax preparation locations Another is to ask some callers to complete a short survey at the end of the call. Aarp free tax preparation locations Walk-in. Aarp free tax preparation locations Many products and services are available on a walk-in basis. Aarp free tax preparation locations Products. Aarp free tax preparation locations You can walk in to many post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. Aarp free tax preparation locations Some IRS offices, libraries, grocery stores, copy centers, city and county government offices, credit unions, and office supply stores have a collection of products available to print from a CD-ROM or photocopy from reproducible proofs. Aarp free tax preparation locations Also, some IRS offices and libraries have the Internal Revenue Code, regulations, Internal Revenue Bulletins, and Cumulative Bulletins available for research purposes. Aarp free tax preparation locations Services. Aarp free tax preparation locations You can walk in to your local Taxpayer Assistance Center every business day for personal, face-to-face tax help. Aarp free tax preparation locations An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. Aarp free tax preparation locations If you need to resolve a tax problem, have questions about how the tax law applies to your individual tax return, or you're more comfortable talking with someone in person, visit your local Taxpayer Assistance Center where you can spread out your records and talk with an IRS representative face-to-face. Aarp free tax preparation locations No appointment is necessary, but if you prefer, you can call your local Center and leave a message requesting an appointment to resolve a tax account issue. Aarp free tax preparation locations A representative will call you back within 2 business days to schedule an in-person appointment at your convenience. Aarp free tax preparation locations To find the number, go to www. Aarp free tax preparation locations irs. Aarp free tax preparation locations gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. Aarp free tax preparation locations Mail. Aarp free tax preparation locations You can send your order for forms, instructions, and publications to the address below and receive a response within 10 business days after your request is received. Aarp free tax preparation locations National Distribution Center P. Aarp free tax preparation locations O. Aarp free tax preparation locations Box 8903 Bloomington, IL 61702-8903 CD-ROM for tax products. Aarp free tax preparation locations You can order Publication 1796, IRS Tax Products on CD-ROM, and obtain: A CD that is released twice so you have the latest products. Aarp free tax preparation locations The first release ships in late December and the final release ships in late February. Aarp free tax preparation locations Current-year forms, instructions, and publications. Aarp free tax preparation locations Prior-year forms, instructions, and publications. Aarp free tax preparation locations Tax Map: an electronic research tool and finding aid. Aarp free tax preparation locations Tax law frequently asked questions (FAQs). Aarp free tax preparation locations Tax Topics from the IRS telephone response system. Aarp free tax preparation locations Fill-in, print, and save features for most tax forms. Aarp free tax preparation locations Internal Revenue Bulletins. Aarp free tax preparation locations Toll-free and email technical support. Aarp free tax preparation locations Buy the CD-ROM from National Technical Information Service (NTIS) at www. Aarp free tax preparation locations irs. Aarp free tax preparation locations gov/cdorders for $25 (no handling fee) or call 1-877-233-6767 toll free to buy the CD-ROM for $25 (plus a $5 handling fee). Aarp free tax preparation locations CD-ROM for small businesses. Aarp free tax preparation locations Publication 3207, Small Business Resource Guide CD-ROM, has a new look and enhanced navigation features. Aarp free tax preparation locations This CD includes: Helpful information, such as how to prepare a business plan, find financing for your business, and much more. Aarp free tax preparation locations All the business tax forms, instructions, and publications needed to successfully manage a business. Aarp free tax preparation locations Tax law changes. Aarp free tax preparation locations IRS Tax Map to help you find forms, instructions, and publications by searching on a keyword or topic. Aarp free tax preparation locations Web links to various government agencies, business associations, and IRS organizations. Aarp free tax preparation locations “Rate the Product” survey—your opportunity to suggest changes for future editions. Aarp free tax preparation locations An updated version of this CD is available each year in early April. Aarp free tax preparation locations You can get a free copy by calling 1-800-829-3676 or by visiting www. Aarp free tax preparation locations irs. 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