© 2012 - 2018 All rights reserved.
This is an Approved TurboTax Affiliate site. TurboTax and TurboTax
Online, among other are registered trademarks and/or service marks of
Intuit, Inc. in the United States and other countries. Other parties'
trademarks or service marks are the property of the respective owners.
When discussing "Free e-file", note that state e-file is an additional fee.
E-file fees do not apply to New York state returns.
Prices are subject to change without notice.
E-file and get your refund faster
*If you pay an IRS or state penalty or interest because of a TurboTax
calculations error, we'll pay you the penalty and interest.
*Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or
smaller tax due from another tax preparation method, we'll refund the applicable
TurboTax federal and/or state purchase price paid. TurboTax Federal Free Edition
customers are entitled to payment of $14.99 and a refund of your state purchase price paid.
Claims must be submitted within sixty (60) days of your TurboTax filing date and no later than 6/15/14.
E-file, Audit Defense, Professional Review, Refund Transfer and technical support fees are excluded.
This guarantee cannot be combined with the TurboTax Satisfaction (Easy) Guarantee.
*We're so confident your return will be done right, we guarantee it. Accurate calculations guaranteed.
If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you
the penalty and interest.
E File Tax Return 2011Free Efile Of State TaxesFree State Income Tax EfileHow Far Back Can I Amend My TaxesFree 2012 E FileFiling Back Taxes On TurbotaxRefile TaxesState Tax Forms 20142013 Income Tax Forms 1040ezStudent Tax RefundFree Tax Calculator 2012Irs 2009 Tax FormsHr Block 2012 Tax SoftwareCan You File 1040ez OnlineFree Tax Return2012 Tax AmendmentFree Efile H&r Block1040 Tax FormFree Irs Tax Filing 1040ezHow Do I Fill Out A 1040xTax Filing For 2012State Income Tax Filing1040x Tax FormTax Amendment Forms2011 Federal Income Tax Form 1040ezAmended Tax Return More:label_amended_20tax_20return More:bizfinanceFile State Taxes Online FreeHow Do I File An Amended ReturnCan I Stillfile My 2012 Taxes OnlineFree E-file State TaxesH&r Block Free Tax Software2010 1040 Tax FormsFree State Filing OnlyE File Your State Taxes For Free2012 1040 EzTurbotax 1040x FormHow Do I File State TaxesFree Amended Tax ReturnIllinois 1040ezEfile Tax Extension Free
Amendments Publication 3402 - Introductory Material Table of Contents Reminder IntroductionOrdering forms and publications. Amendments Tax questions. Amendments Useful Items - You may want to see: Reminder Photographs of missing children. Amendments The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Amendments Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Amendments 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. Amendments Introduction This publication provides federal income, employment, and excise tax information for limited liability companies. Amendments This publication does not address state law governing the formation, operation, or termination of limited liability companies. Amendments This publication does not address any state taxes. Amendments Comments and suggestions. Amendments We welcome your comments about this publication and your suggestions for future editions. Amendments You can write to us at the following address: Internal Revenue Service Business Forms and Publications Branch SE:W:CAR:MP:T:B 1111 Constitution Ave. Amendments NW, IR–6526 Washington, DC 20224 We respond to many letters by telephone. Amendments Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Amendments You can email us at *taxforms@irs. Amendments gov. Amendments (The asterisk must be included in the address. Amendments ) Please put “Publications Comment” on the subject line. Amendments Although we cannot respond individually to each email, we do appreciate your feedback and will consider your comments as we revise our tax products. Amendments Ordering forms and publications. Amendments Visit www. Amendments irs. Amendments gov/formspubs to download forms and publications, call 1-800-829-3676, or write to the address below and receive a response within 10 days after your request is received. Amendments Internal Revenue Service1201 N. Amendments Mitsubishi MotorwayBloomington, IL 61705-6613 Tax questions. Amendments If you have a tax question, check the information available on www. Amendments irs. Amendments gov or call 1-800-829-1040. Amendments We cannot answer tax questions sent to either of the above addresses. Amendments Useful Items - You may want to see: Publication 15 (Circular E), Employer's Tax Guide 334 Tax Guide for Small Business 505 Tax Withholding and Estimated Tax 535 Business Expenses 541 Partnerships 542 Corporations 544 Sales and Other Dispositions of Assets 583 Starting a Business and Keeping Records 925 Passive Activity and At-Risk Rules Form (and Instructions) 1065 U. Amendments S. Amendments Return of Partnership Income 1120 U. Amendments S. Amendments Corporation Income Tax Return 1120S U. Amendments S. Amendments Income Tax Return for an S Corporation 2553 Election by a Small Business Corporation 8832 Entity Classification Election See How To Get More Information near the end of this publication for information about getting publications and forms. Amendments Prev Up Next Home More Online Publications
Pension Benefit Guaranty Corporation (PBGC)
Funded by the insurance premiums it collects and other investments, the Pension Benefit Guaranty Corporation insures and guarantees private sector workers' pensions. The contact information below is primarily for workers or retirees. If you are a plan sponsor or administrator, use the contact link below to find the appropriate information.
Contact the Agency or Department
Amendments 10. Amendments Education Savings Bond Program Table of Contents Introduction Who Can Cash In Bonds Tax FreeAdjusted qualified education expenses. Amendments Eligible educational institution. Amendments Dependent for whom you claim an exemption. Amendments MAGI when using Form 1040A. Amendments MAGI when using Form 1040. Amendments Figuring the Tax-Free AmountEffect of the Amount of Your Income on the Amount of Your Exclusion Claiming the Exclusion Introduction Generally, you must pay tax on the interest earned on U. Amendments S. Amendments savings bonds. Amendments If you do not include the interest in income in the years it is earned, you must include it in your income in the year in which you cash in the bonds. Amendments However, when you cash in certain savings bonds under an education savings bond program, you may be able to exclude the interest from income. Amendments Who Can Cash In Bonds Tax Free You may be able to cash in qualified U. Amendments S. Amendments savings bonds without having to include in your income some or all of the interest earned on the bonds if you meet the following conditions. Amendments You pay qualified education expenses for yourself, your spouse, or a dependent for whom you claim an exemption on your return. Amendments Your modified adjusted gross income (MAGI) is less than the amount specified for your filing status. Amendments Your filing status is not married filing separately. Amendments Qualified U. Amendments S. Amendments savings bonds. Amendments A qualified U. Amendments S. Amendments savings bond is a series EE bond issued after 1989 or a series I bond. Amendments The bond must be issued either in your name (as the sole owner) or in the name of both you and your spouse (as co-owners). Amendments The owner must be at least 24 years old before the bond's issue date. Amendments The issue date is printed on the front of the savings bond. Amendments The issue date is not necessarily the date of purchase—it will be the first day of the month in which the bond is purchased (or posted, if bought electronically). Amendments Qualified education expenses. Amendments These include the following items you pay for either yourself, your spouse, or a dependent for whom you claim an exemption. Amendments Tuition and fees required to enroll at or attend an eligible educational institution. Amendments Qualified education expenses do not include expenses for room and board or for courses involving sports, games, or hobbies that are not part of a degree or certificate granting program. Amendments Contributions to a qualified tuition program (QTP) (see How Much Can You Contribute in chapter 8, Qualified Tuition Program). Amendments Contributions to a Coverdell education savings account (ESA) (see Contributions in chapter 7, Coverdell Education Savings Account). Amendments Adjusted qualified education expenses. Amendments You must reduce your qualified education expenses by all of the following tax-free benefits. Amendments Tax-free part of scholarships and fellowships (see Tax-Free Scholarships and Fellowships in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions). Amendments Expenses used to figure the tax-free portion of distributions from a Coverdell ESA (see Qualified Education Expenses in chapter 7, Coverdell Education Savings Account). Amendments Expenses used to figure the tax-free portion of distributions from a QTP (see Qualified education expenses in chapter 8, Qualified Tuition Program). Amendments Any tax-free payments (other than gifts or inheritances) received as educational assistance, such as: Veterans' educational assistance benefits (see Veterans' Benefits in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), Qualified tuition reductions (see Qualified Tuition Reduction in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), or Employer-provided educational assistance (see chapter 11, Employer-Provided Educational Assistance ). Amendments Any expenses used in figuring the American opportunity and lifetime learning credits. Amendments See What Expenses Qualify in chapter 2, American Opportunity Credit, and What Expenses Qualify in chapter 3, Lifetime Learning Credit, for more information. Amendments Eligible educational institution. Amendments An eligible educational institution is any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the U. Amendments S. Amendments Department of Education. Amendments It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Amendments The educational institution should be able to tell you if it is an eligible educational institution. Amendments Certain educational institutions located outside the United States also participate in the U. Amendments S. Amendments Department of Education's Federal Student Aid (FSA) programs. Amendments Dependent for whom you claim an exemption. Amendments You claim an exemption for a person if you list his or her name and other required information on Form 1040 (or Form 1040A), line 6c. Amendments Modified adjusted gross income (MAGI). Amendments For most taxpayers, MAGI is adjusted gross income (AGI) as figured on their federal income tax return without taking into account this interest exclusion. Amendments However, as discussed below, there may be other modifications. Amendments MAGI when using Form 1040A. Amendments If you file Form 1040A, your MAGI is the AGI on line 22 of that form figured without taking into account any savings bond interest exclusion and modified by adding back any amount on line 18 (student loan interest deduction) and line 19 (tuition and fees deduction). Amendments MAGI when using Form 1040. Amendments If you file Form 1040, your MAGI is the AGI on line 38 of that form figured without taking into account any savings bond interest exclusion and modified by adding back any: Foreign earned income exclusion, Foreign housing exclusion, Foreign housing deduction, Exclusion of income by bona fide residents of American Samoa, Exclusion of income by bona fide residents of Puerto Rico, Exclusion for adoption benefits received under an employer's adoption assistance program, Deduction for student loan interest, Deduction for tuition and fees, and Deduction for domestic production activities. Amendments Use the worksheet in the instructions for line 9 of Form 8815 to figure your MAGI. Amendments If you claim any of the exclusion or deduction items (1)–(6) listed above, add the amount of the exclusion or deduction to the amount on line 5 of the worksheet. Amendments Do not add in the deduction for (7) student loan interest, and (8) tuition and fees, or (9) domestic production activities because line 4 of the worksheet already includes these amounts. Amendments Enter the total on Form 8815, line 9, as your modified adjusted gross income (MAGI). Amendments Because the deduction for interest expenses attributable to royalties and other investments is limited to your net investment income, you cannot figure the deduction until you have figured this interest exclusion. Amendments Therefore, if you had interest expenses attributable to royalties and deductible on Schedule E (Form 1040), Supplemental Income and Loss, you must make a special computation of your deductible interest without regard to this exclusion to figure the net royalty income included in your MAGI. Amendments See Royalties included in MAGI under Education Savings Bond Program in Publication 550, chapter 1. Amendments Figuring the Tax-Free Amount If the total you receive when you cash in the bonds is not more than the adjusted qualified education expenses for the year, all of the interest on the bonds may be tax free. Amendments However, if the total you receive when you cash in the bonds is more than the adjusted expenses, only part of the interest may be tax free. Amendments To determine the tax-free amount, multiply the interest part of the proceeds by a fraction. Amendments The numerator (top part) of the fraction is the adjusted qualified education expenses (AQEE) you paid during the year. Amendments The denominator (bottom part) of the fraction is the total proceeds you received during the year. Amendments Example. Amendments In February 2013, Mark and Joan Washington, a married couple, cashed a qualified series EE U. Amendments S. Amendments savings bond. Amendments They received proceeds of $9,000, representing principal of $6,000 and interest of $3,000. Amendments In 2013, they paid $7,650 of their daughter's college tuition. Amendments They are not claiming an American opportunity or lifetime learning credit for those expenses, and their daughter does not have any tax-free educational assistance. Amendments Their MAGI for 2013 was $80,000. Amendments $3,000 interest × $7,650 AQEE $9,000 proceeds = $2,550 tax-free interest They can exclude $2,550 of interest in 2013. Amendments They must pay tax on the remaining $450 ($3,000 − $2,550) interest. Amendments Effect of the Amount of Your Income on the Amount of Your Exclusion The amount of your interest exclusion is gradually reduced (phased out) based on your MAGI and filing status. Amendments Claiming the Exclusion Use Form 8815 to figure your education savings bond interest exclusion. Amendments Enter your exclusion on line 3 of Schedule B (Form 1040A or 1040), Interest and Ordinary Dividends. Amendments Attach Form 8815 to your tax return. Amendments Prev Up Next Home More Online Publications