2013 1040ez Form InstructionsEz 1040 FormAmend Tax2009 Tax AmendmentFree Tax Filing For MilitaryDidnt File 2012 TaxesAmend Tax Return1040a Or 1040ezTax Return 20121040 2010Filing Taxes With UnemploymentIrs Freefile1040 Ez Tax Table2012 Irs Forms2013 Federal 1040ez FormFile 1040nr Online FreeHow Long Does An Amended Tax Return TakeIrs Form 1040nrHr Block 2011Free Turbotax For MilitaryCheapest State Tax FilingHow Do I File An Amended Tax Return For 20132013 Amended 1040E-file 2012 TaxTurbo Tax Amendment2009 Tax FormTaxs 20122009 Tax Return FormsFile AmendmentHow To File Taxes While UnemployedEfile 2012I Need To Print A Free 1040x Form2013 Tax Forms 1040ez1040x TurbotaxFree 1040ezFree State Tax Filing SoftwareInstruction Booklet For 1040xTurbo TaxH & R Block Tax SoftwareWww Irs Gov Free File
Amended 1040 Index A Adjusted basis for installment sale, Adjusted basis for installment sale purposes. Amended 1040 Assistance (see Tax help) B Basis Adjusted, Adjusted basis. Amended 1040 Assumed mortgage, Buyer Assumes Mortgage Installment obligation, Basis. Amended 1040 , Basis in installment obligation. Amended 1040 , Basis in installment obligation. Amended 1040 Installment sale, Adjusted basis for installment sale purposes. Amended 1040 Repossessed property, Basis in repossessed property. Amended 1040 , Basis. Amended 1040 Bond, Bond. Amended 1040 Buyer's note, Buyer's note. Amended 1040 C Contingent payment sale, Contingent Payment Sale Contract price, Contract price. Amended 1040 D Dealer sales, special rule, Dealer sales. Amended 1040 Depreciation recapture income, Depreciation Recapture Income Disposition of installment obligation, Disposition of an Installment Obligation E Electing out, Electing Out of the Installment Method Escrow account, Escrow Account F Fair market value, Fair market value (FMV). Amended 1040 , Fair market value (FMV). Amended 1040 Figuring installment sale income, Figuring Installment Sale Income Form 4797, Form 4797, Form 4797. Amended 1040 6252, Form 6252, Reporting an Installment Sale 8594, Reporting requirement. Amended 1040 Schedule D (Form 1040), Schedule D (Form 1040), Other forms. Amended 1040 , Schedule D (Form 1040). Amended 1040 Free tax services, Free help with your tax return. Amended 1040 G Gross profit percentage, Gross profit percentage. Amended 1040 Gross profit, defined, Gross profit. Amended 1040 Guarantee, Debt not payable on demand. Amended 1040 H Help (see Tax help) I Installment obligation Defined, Installment obligation. Amended 1040 Disposition, Disposition of an Installment Obligation Used as security, Installment Obligation Used as Security (Pledge Rule) Installment Sale, What Is an Installment Sale? Interest Escrow account, Escrow Account Income, Interest Income Reporting, Seller-financed mortgage. Amended 1040 Unstated, Installment income after 2013. Amended 1040 Interest on deferred tax, Interest on Deferred Tax Exceptions, Exceptions. Amended 1040 L Like-kind exchange, Like-Kind Exchange N Note Buyer's, Buyer's note. Amended 1040 Third-party, Third-party note. Amended 1040 O Original issue discount, Installment income after 2013. Amended 1040 P Payments considered received, Payments Received or Considered Received Buyer assumes debts, Buyer Assumes Other Debts Buyer pays seller's expenses, Buyer Pays Seller's Expenses Mortgage assumed, Buyer Assumes Mortgage Pledge rule, Installment Obligation Used as Security (Pledge Rule) Payments received, Payments Received or Considered Received Pledge rule, Installment Obligation Used as Security (Pledge Rule) Publications (see Tax help) R Related person Land sale, Land transfers between related persons. Amended 1040 Reporting sale to, Related person. Amended 1040 Sale to, Sale to a Related Person Reporting installment sale, Reporting Installment Sale Income, Reporting an Installment Sale Repossession, Repossession Holding period for resale, Holding period for resales. Amended 1040 Personal property, Personal Property Real property, Real Property S Sale at a loss, Sale at a loss. Amended 1040 Sale of Business, Sale of a Business Home, Sale of Your Home Land between related persons, Land transfers between related persons. Amended 1040 Partnership interest, Sale of Partnership Interest Several assets, Single Sale of Several Assets, Several assets. Amended 1040 Stock or securities, Stock or securities. Amended 1040 Sales by dealers, Dealer sales. Amended 1040 Section 1274, Section 1274 Exceptions, Exceptions to Sections 1274 and 483 Section 483, Section 483 Exceptions, Exceptions to Sections 1274 and 483 Selling expenses, Selling expenses. Amended 1040 Selling price Defined, Selling price. Amended 1040 Reduced, Selling Price Reduced Single sale of several assets, Single Sale of Several Assets, Several assets. Amended 1040 T Tax help, How To Get Tax Help Third-party note, Third-party note. Amended 1040 TTY/TDD information, How To Get Tax Help U Unstated interest, Installment income after 2013. Amended 1040 Prev Up Home More Online Publications
Understanding Your CP05A Notice
We are examining your return and we need documentation to verify the following:
- Your income
- The withholding you reported on your income and social security benefits
- The tax credits you claimed
- The household help you claimed
- Your business income.
We are holding your refund pending the results of the examination.
What you need to do
- Read the notice carefully. It explains the information you must send to us.
- Provide copies of the documentation we request to verify the items that we are auditing.
- Tear off the voucher on the last page of this notice and attach it to the documents you are submitting.
- Send the requested information within 30 days from the date of this notice to the address shown on the notice.
You may want to
- Review this notice with your tax preparer.
- If you are experiencing economic harm, believe an IRS system or procedure isn’t working as it should, or are seeking help in resolving tax problems that have not been resolved through normal channels, you may be eligible for Taxpayer Advocate Service (TAS) assistance. You can reach them at 1-877-777-4778 or TTY/TTD 1-800-829-4059.
Answers to Common Questions
Why is my return being reviewed?
While most returns are accepted as filed, some are selected for examination. The IRS examines some federal tax returns to determine if income, expenses, and credits are being reported accurately. The IRS selects returns for examination using various methods which include random sampling, computerized screening, and comparison of information received by the IRS such as Forms W-2 and 1099. Having your return selected for examination does not suggest that you made an error or were dishonest.
What if I did not file a tax return claiming the items you are questioning and someone else is using my name and social security number?
Send us a completed and signed Form 14039, Identity Theft Affidavit. You can download this form online at www.irs.gov. You can also refer to the IRS Identity Theft resource page for more information.
Tips for next year
- Review all of your income and withholding documents for completeness and review your return to make sure you are eligible to claim all income, credits and business income that you reported
Page Last Reviewed or Updated: 19-Feb-2014
Printable samples of this notice (PDF)
Tax publications you may find useful
How to get help
- Call the 1-800 number listed on the top right corner of your notice.
- Authorize someone (e.g., accountant) to contact the IRS on your behalf using Form 2848.
- See if you qualify for help from a Low Income Taxpayer Clinic.
The Amended 1040
Amended 1040 Publication 560 - Introductory Material Table of Contents Future Developments What's New Reminders IntroductionSEP plans. Amended 1040 SIMPLE plans. Amended 1040 Qualified plans. Amended 1040 Ordering forms and publications. Amended 1040 Tax questions. Amended 1040 Future Developments For the latest information about developments related to Publication 560, such as legislation enacted after we release it, go to www. Amended 1040 irs. Amended 1040 gov/pub560. Amended 1040 What's New Compensation limit increased for 2013 and 2014. Amended 1040 For 2013 the maximum compensation used for figuring contributions and benefits increases to $255,000. Amended 1040 This limit increases to $260,000 for 2014. Amended 1040 Elective deferral limit for 2013 and 2014. Amended 1040 The limit on elective deferrals, other than catch-up contributions, increases to $17,500 for 2013 and remains at $17,500 for 2014. Amended 1040 These limits apply for participants in SARSEPs, 401(k) plans (excluding SIMPLE plans), section 403(b) plans and section 457(b) plans. Amended 1040 Defined contribution limit increased for 2013 and 2014. Amended 1040 The limit on contributions, other than catch-up contributions, for a participant in a defined contribution plan increases to $51,000 for 2013. Amended 1040 This limit increases to $52,000 for 2014. Amended 1040 SIMPLE plan salary reduction contribution limit for 2013 and 2014. Amended 1040 The limit on salary reduction contributions, other than catch-up contributions, increases to $12,000 for 2013 and remains at $12,000 for 2014. Amended 1040 Catch-up contribution limit remains unchanged for 2013 and 2014. Amended 1040 A plan can permit participants who are age 50 or over at the end of the calendar year to make catch-up contributions in addition to elective deferrals and SIMPLE plan salary reduction contributions. Amended 1040 The catch-up contribution limitation for defined contribution plans other than SIMPLE plans remains unchanged at $5,500 for 2013 and 2014. Amended 1040 The catch-up contribution limitation for SIMPLE plans remains unchanged at $2,500 for 2013 and 2014. Amended 1040 The catch-up contributions a participant can make for a year cannot exceed the lesser of the following amounts. Amended 1040 The catch-up contribution limit. Amended 1040 The excess of the participant's compensation over the elective deferrals that are not catch-up contributions. Amended 1040 See “Catch-up contributions” under Contribution Limits and Limit on Elective Deferrals in chapters 3 and 4, respectively, for more information. Amended 1040 All section references are to the Internal Revenue Code, unless otherwise stated. Amended 1040 Reminders In-plan Roth rollovers. Amended 1040 Section 402A(c)(4) provides for a distribution from an individual's account in a 401(k) plan, other than from a designated Roth account, that is rolled over to the individual's designated Roth account in the same plan. Amended 1040 An in-plan Roth rollover is not treated as a distribution for most purposes. Amended 1040 Section 402A(c)(4) was added by the Small Business Jobs Act of 2010 and applies to distributions made after September 27, 2010. Amended 1040 For additional guidance on in-plan Roth rollovers, see Notice 2010-84, 2010-51 I. Amended 1040 R. Amended 1040 B. Amended 1040 872, available at www. Amended 1040 irs. Amended 1040 gov/irb/2010-51_IRB/ar11. Amended 1040 html. Amended 1040 In-plan Roth rollovers expanded. Amended 1040 Beginning in 2013, a plan with designated Roth accounts can permit a participant to roll over amounts into a designated Roth account from his or her other accounts in the same plan, regardless of whether the participant is eligible for a distribution from the other accounts. Amended 1040 Section 402A(c)(4) was amended by the American Taxpayer Relief Act of 2012. Amended 1040 For more information, see Notice 2013-74, 2013-52 I. Amended 1040 R. Amended 1040 B. Amended 1040 819, available at www. Amended 1040 irs. Amended 1040 gov/irb/2013-52_IRB/ar11. Amended 1040 html. Amended 1040 Credit for startup costs. Amended 1040 You may be able to claim a tax credit for part of the ordinary and necessary costs of starting a SEP, SIMPLE, or qualified plan. Amended 1040 The credit equals 50% of the cost to set up and administer the plan and educate employees about the plan, up to a maximum of $500 per year for each of the first 3 years of the plan. Amended 1040 You can choose to start claiming the credit in the tax year before the tax year in which the plan becomes effective. Amended 1040 You must have had 100 or fewer employees who received at least $5,000 in compensation from you for the preceding year. Amended 1040 At least one participant must be a non-highly compensated employee. Amended 1040 The employees generally cannot be substantially the same employees for whom contributions were made or benefits accrued under a plan of any of the following employers in the 3-tax-year period immediately before the first year to which the credit applies. Amended 1040 You. Amended 1040 A member of a controlled group that includes you. Amended 1040 A predecessor of (1) or (2). Amended 1040 The credit is part of the general business credit, which can be carried back or forward to other tax years if it cannot be used in the current year. Amended 1040 However, the part of the general business credit attributable to the small employer pension plan startup cost credit cannot be carried back to a tax year beginning before January 1, 2002. Amended 1040 You cannot deduct the part of the startup costs equal to the credit claimed for a tax year, but you can choose not to claim the allowable credit for a tax year. Amended 1040 To take the credit, use Form 8881, Credit for Small Employer Pension Plan Startup Costs. Amended 1040 Retirement savings contributions credit. Amended 1040 Retirement plan participants (including self-employed individuals) who make contributions to their plan may qualify for the retirement savings contribution credit. Amended 1040 The maximum contribution eligible for the credit is $2,000. Amended 1040 To take the credit, use Form 8880, Credit for Qualified Retirement Savings Contributions. Amended 1040 For more information on who is eligible for the credit, retirement plan contributions eligible for the credit and how to figure the credit, see Form 8880 and its instructions or go to the IRS website and search Retirement Topics-Retirement Savings Contributions Credit (Saver's Credit). Amended 1040 Photographs of missing children. Amended 1040 The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Amended 1040 Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Amended 1040 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. Amended 1040 Introduction This publication discusses retirement plans you can set up and maintain for yourself and your employees. Amended 1040 In this publication, “you” refers to the employer. Amended 1040 See chapter 1 for the definition of the term employer and the definitions of other terms used in this publication. Amended 1040 This publication covers the following types of retirement plans. Amended 1040 SEP (simplified employee pension) plans. Amended 1040 SIMPLE (savings incentive match plan for employees) plans. Amended 1040 Qualified plans (also called H. Amended 1040 R. Amended 1040 10 plans or Keogh plans when covering self-employed individuals), including 401(k) plans. Amended 1040 SEP, SIMPLE, and qualified plans offer you and your employees a tax-favored way to save for retirement. Amended 1040 You can deduct contributions you make to the plan for your employees. Amended 1040 If you are a sole proprietor, you can deduct contributions you make to the plan for yourself. Amended 1040 You can also deduct trustees' fees if contributions to the plan do not cover them. Amended 1040 Earnings on the contributions are generally tax free until you or your employees receive distributions from the plan. Amended 1040 Under a 401(k) plan, employees can have you contribute limited amounts of their before-tax (after-tax, in the case of a qualified Roth contribution program) pay to the plan. Amended 1040 These amounts (and the earnings on them) are generally tax free until your employees receive distributions from the plan or, in the case of a qualified distribution from a designated Roth account, completely tax free. Amended 1040 What this publication covers. Amended 1040 This publication contains the information you need to understand the following topics. Amended 1040 What type of plan to set up. Amended 1040 How to set up a plan. Amended 1040 How much you can contribute to a plan. Amended 1040 How much of your contribution is deductible. Amended 1040 How to treat certain distributions. Amended 1040 How to report information about the plan to the IRS and your employees. Amended 1040 Basic features of SEP, SIMPLE, and qualified plans. Amended 1040 The key rules for SEP, SIMPLE, and qualified plans are outlined in Table 1. Amended 1040 SEP plans. Amended 1040 SEPs provide a simplified method for you to make contributions to a retirement plan for yourself and your employees. Amended 1040 Instead of setting up a profit-sharing or money purchase plan with a trust, you can adopt a SEP agreement and make contributions directly to a traditional individual retirement account or a traditional individual retirement annuity (SEP-IRA) set up for yourself and each eligible employee. Amended 1040 SIMPLE plans. Amended 1040 Generally, if you had 100 or fewer employees who received at least $5,000 in compensation last year, you can set up a SIMPLE plan. Amended 1040 Under a SIMPLE plan, employees can choose to make salary reduction contributions rather than receiving these amounts as part of their regular pay. Amended 1040 In addition, you will contribute matching or nonelective contributions. Amended 1040 The two types of SIMPLE plans are the SIMPLE IRA plan and the SIMPLE 401(k) plan. Amended 1040 Qualified plans. Amended 1040 The qualified plan rules are more complex than the SEP plan and SIMPLE plan rules. Amended 1040 However, there are advantages to qualified plans, such as increased flexibility in designing plans and increased contribution and deduction limits in some cases. Amended 1040 Table 1. Amended 1040 Key Retirement Plan Rules for 2013 Type of Plan Last Date for Contribution Maximum Contribution Maximum Deduction When To Set Up Plan SEP Due date of employer's return (including extensions). Amended 1040 Smaller of $51,000 or 25%1 of participant's compensation. Amended 1040 2 25%1 of all participants' compensation. Amended 1040 2 Any time up to the due date of employer's return (including extensions). Amended 1040 SIMPLE IRA and SIMPLE 401(k) Salary reduction contributions: 30 days after the end of the month for which the contributions are to be made. Amended 1040 4 Matching or nonelective contributions: Due date of employer's return (including extensions). Amended 1040 Employee contribution: Salary reduction contribution up to $12,000, $14,500 if age 50 or over. Amended 1040 Employer contribution: Either dollar-for-dollar matching contributions, up to 3% of employee's compensation,3 or fixed nonelective contributions of 2% of compensation. Amended 1040 2 Same as maximum contribution. Amended 1040 Any time between 1/1 and 10/1 of the calendar year. Amended 1040 For a new employer coming into existence after 10/1, as soon as administratively feasible. Amended 1040 Qualified Plan: Defined Contribution Plan Elective deferral: Due date of employer's return (including extensions). Amended 1040 4 Employer contribution: Money Purchase or Profit-Sharing: Due date of employer's return (including extensions). Amended 1040 Employee contribution: Elective deferral up to $17,500, $23,000 if age 50 or over. Amended 1040 Employer contribution: Money Purchase: Smaller of $51,000 or 100%1 of participant's compensation. Amended 1040 2 Profit-Sharing: Smaller of $51,000 or 100%1 of participant's compensation. Amended 1040 2 25%1 of all participants' compensation2, plus amount of elective deferrals made. Amended 1040 By the end of the tax year. Amended 1040 Qualified Plan: Defined Benefit Plan Contributions generally must be paid in quarterly installments, due 15 days after the end of each quarter. Amended 1040 See Minimum Funding Requirement in chapter 4. Amended 1040 Amount needed to provide an annual benefit no larger than the smaller of $205,000 or 100% of the participant's average compensation for his or her highest 3 consecutive calendar years. Amended 1040 Based on actuarial assumptions and computations. Amended 1040 By the end of the tax year. Amended 1040 1Net earnings from self-employment must take the contribution into account. Amended 1040 See Deduction Limit for Self-Employed Individuals in chapters 2 and 4 . Amended 1040 2Compensation is generally limited to $255,000 in 2013. Amended 1040 3Under a SIMPLE 401(k) plan, compensation is generally limited to $255,000 in 2013. Amended 1040 4Certain plans subject to Department of Labor rules may have an earlier due date for salary reduction contributions and elective deferrals. Amended 1040 What this publication does not cover. Amended 1040 Although the purpose of this publication is to provide general information about retirement plans you can set up for your employees, it does not contain all the rules and exceptions that apply to these plans. Amended 1040 You may also need professional help and guidance. Amended 1040 Also, this publication does not cover all the rules that may be of interest to employees. Amended 1040 For example, it does not cover the following topics. Amended 1040 The comprehensive IRA rules an employee needs to know. Amended 1040 These rules are covered in Publication 590, Individual Retirement Arrangements (IRAs). Amended 1040 The comprehensive rules that apply to distributions from retirement plans. Amended 1040 These rules are covered in Publication 575, Pension and Annuity Income. Amended 1040 The comprehensive rules that apply to section 403(b) plans. Amended 1040 These rules are covered in Publication 571, Tax-Sheltered Annuity Plans (403(b) Plans). Amended 1040 Comments and suggestions. Amended 1040 We welcome your comments about this publication and your suggestions for future editions. Amended 1040 You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Amended 1040 NW, IR-6526 Washington, DC 20224 We respond to many letters by telephone. Amended 1040 Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Amended 1040 You can send your comments from www. Amended 1040 irs. Amended 1040 gov/formspubs. Amended 1040 Click on “More Information” and then on “Give us feedback. Amended 1040 ” 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. Amended 1040 Ordering forms and publications. Amended 1040 Visit www. Amended 1040 irs. Amended 1040 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. Amended 1040 Internal Revenue Service 1201 N. Amended 1040 Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Amended 1040 If you have a tax question, check the information available on IRS. Amended 1040 gov or call 1-800-829-1040. Amended 1040 We cannot answer tax questions sent to either of the above addresses. Amended 1040 Note. Amended 1040 Forms filed electronically with the Department of Labor are not available on the IRS website. Amended 1040 Instead, see www. Amended 1040 efast. Amended 1040 dol. Amended 1040 gov. Amended 1040 Prev Up Next Home More Online Publications