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File Taxes Online Free 2011

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File Taxes Online Free 2011

File taxes online free 2011 33. File taxes online free 2011   Credit for the Elderly or the Disabled Table of Contents Introduction Useful Items - You may want to see: Are You Eligible for the Credit?Qualified Individual Income Limits How to Claim the CreditCredit Figured for You Credit Figured by You Introduction If you qualify, you may be able to reduce the tax you owe by taking the credit for the elderly or the disabled which is figured on Schedule R (Form 1040A or 1040). File taxes online free 2011 This chapter explains the following. File taxes online free 2011 Who qualifies for the credit for the elderly or the disabled. File taxes online free 2011 How to claim the credit. File taxes online free 2011 You may be able to take the credit for the elderly or the disabled if: You are age 65 or older at the end of 2013, or You retired on permanent and total disability and have taxable disability income. File taxes online free 2011 Useful Items - You may want to see: Publication 524 Credit for the Elderly or the Disabled 554 Tax Guide for Seniors Form (and Instruction) Schedule R (Form 1040A or 1040) Credit for the Elderly or the Disabled Are You Eligible for the Credit? You can take the credit for the elderly or the disabled if you meet both of the following requirements. File taxes online free 2011 You are a qualified individual. File taxes online free 2011 Your income is not more than certain limits. File taxes online free 2011 You can use Figure 33-A and Table 33-1 as guides to see if you are eligible for the credit. File taxes online free 2011 Use Figure 33-A first to see if you are a qualified individual. File taxes online free 2011 If you are, go to Table 33-1 to make sure your income is not too high to take the credit. File taxes online free 2011 You can take the credit only if you file Form 1040 or Form 1040A. File taxes online free 2011 You cannot take the credit if you file Form 1040EZ. File taxes online free 2011 Qualified Individual You are a qualified individual for this credit if you are a U. File taxes online free 2011 S. File taxes online free 2011 citizen or resident alien, and either of the following applies. File taxes online free 2011 You were age 65 or older at the end of 2013. File taxes online free 2011 You were under age 65 at the end of 2013 and all three of the following statements are true. File taxes online free 2011 You retired on permanent and total disability (explained later). File taxes online free 2011 You received taxable disability income for 2013. File taxes online free 2011 On January 1, 2013, you had not reached mandatory retirement age (defined later under Disability income ). File taxes online free 2011 Age 65. File taxes online free 2011   You are considered to be age 65 on the day before your 65th birthday. File taxes online free 2011 Therefore, if you were born on January 1, 1949, you are considered to be age 65 at the end of 2013. File taxes online free 2011 U. File taxes online free 2011 S. File taxes online free 2011 Citizen or Resident Alien You must be a U. File taxes online free 2011 S. File taxes online free 2011 citizen or resident alien (or be treated as a resident alien) to take the credit. File taxes online free 2011 Generally, you cannot take the credit if you were a nonresident alien at any time during the tax year. File taxes online free 2011 Exceptions. File taxes online free 2011   You may be able to take the credit if you are a nonresident alien who is married to a U. File taxes online free 2011 S. File taxes online free 2011 citizen or resident alien at the end of the tax year and you and your spouse choose to treat you as a U. File taxes online free 2011 S. File taxes online free 2011 resident alien. File taxes online free 2011 If you make that choice, both you and your spouse are taxed on your worldwide incomes. File taxes online free 2011 If you were a nonresident alien at the beginning of the year and a resident alien at the end of the year, and you were married to a U. File taxes online free 2011 S. File taxes online free 2011 citizen or resident alien at the end of the year, you may be able to choose to be treated as a U. File taxes online free 2011 S. File taxes online free 2011 resident alien for the entire year. File taxes online free 2011 In that case, you may be allowed to take the credit. File taxes online free 2011 For information on these choices, see chapter 1 of Publication 519, U. File taxes online free 2011 S. File taxes online free 2011 Tax Guide for Aliens. File taxes online free 2011 Married Persons Generally, if you are married at the end of the tax year, you and your spouse must file a joint return to take the credit. File taxes online free 2011 However, if you and your spouse did not live in the same household at any time during the tax year, you can file either a joint return or separate returns and still take the credit. File taxes online free 2011 Head of household. File taxes online free 2011   You can file as head of household and qualify to take the credit, even if your spouse lived with you during the first 6 months of the year, if you meet certain tests. File taxes online free 2011 See Head of Household in chapter 2 for the tests you must meet. File taxes online free 2011 Under Age 65 If you are under age 65 at the end of 2013, you can qualify for the credit only if you are retired on permanent and total disability (discussed next) and have taxable disability income (discussed later under Disability income ). File taxes online free 2011 You are retired on permanent and total disability if: You were permanently and totally disabled when you retired, and You retired on disability before the close of the tax year. File taxes online free 2011 Even if you do not retire formally, you may be considered retired on disability when you have stopped working because of your disability. File taxes online free 2011 If you retired on disability before 1977, and were not permanently and totally disabled at the time, you can qualify for the credit if you were permanently and totally disabled on January 1, 1976, or January 1, 1977. File taxes online free 2011 Permanent and total disability. File taxes online free 2011    You are permanently and totally disabled if you cannot engage in any substantial gainful activity because of your physical or mental condition. File taxes online free 2011 A qualified physician must certify that the condition has lasted or can be expected to last continuously for 12 months or more, or that the condition can be expected to result in death. File taxes online free 2011 See Physician's statement , later. File taxes online free 2011 Substantial gainful activity. File taxes online free 2011   Substantial gainful activity is the performance of significant duties over a reasonable period of time while working for pay or profit, or in work generally done for pay or profit. File taxes online free 2011 Full-time work (or part-time work done at your employer's convenience) in a competitive work situation for at least the minimum wage conclusively shows that you are able to engage in substantial gainful activity. File taxes online free 2011   Substantial gainful activity is not work you do to take care of yourself or your home. File taxes online free 2011 It is not unpaid work on hobbies, institutional therapy or training, school attendance, clubs, social programs, and similar activities. File taxes online free 2011 However, doing this kind of work may show that you are able to engage in substantial gainful activity. File taxes online free 2011    The fact that you have not worked for some time is not, of itself, conclusive evidence that you cannot engage in substantial gainful activity. File taxes online free 2011 Sheltered employment. File taxes online free 2011   Certain work offered at qualified locations to physically or mentally impaired persons is considered sheltered employment. File taxes online free 2011 These qualified locations are in sheltered workshops, hospitals, and similar institutions, homebound programs, and Department of Veterans Affairs (VA) sponsored homes. File taxes online free 2011   Compared to commercial employment, pay is lower for sheltered employment. File taxes online free 2011 Therefore, one usually does not look for sheltered employment if he or she can get other employment. File taxes online free 2011 The fact that one has accepted sheltered employment is not proof of the person's ability to engage in substantial gainful activity. File taxes online free 2011 Physician's statement. File taxes online free 2011   If you are under age 65, you must have your physician complete a statement certifying that you were permanently and totally disabled on the date you retired. File taxes online free 2011 You can use the statement in the Instructions for Schedule R. File taxes online free 2011    Figure 33-A. File taxes online free 2011 Are You a Qualified Individual? This image is too large to be displayed in the current screen. File taxes online free 2011 Please click the link to view the image. File taxes online free 2011 Figure 33-A Are You a Qualified Individual?   You do not have to file this statement with your Form 1040 or Form 1040A, but you must keep it for your records. File taxes online free 2011 Veterans. File taxes online free 2011   If the Department of Veterans Affairs (VA) certifies that you are permanently and totally disabled, you can substitute VA Form 21-0172, Certification of Permanent and Total Disability, for the physician's statement you are required to keep. File taxes online free 2011 VA Form 21-0172 must be signed by a person authorized by the VA to do so. File taxes online free 2011 You can get this form from your local VA regional office. File taxes online free 2011 Physician's statement obtained in earlier year. File taxes online free 2011   If you got a physician's statement in an earlier year and, due to your continued disabled condition, you were unable to engage in any substantial gainful activity during 2013, you may not need to get another physician's statement for 2013. File taxes online free 2011 For a detailed explanation of the conditions you must meet, see the instructions for Schedule R, Part II. File taxes online free 2011 If you meet the required conditions, check the box on your Schedule R, Part II, line 2. File taxes online free 2011   If you checked box 4, 5, or 6 in Part I of Schedule R, enter in the space above the box on line 2 in Part II the first name(s) of the spouse(s) for whom the box is checked. File taxes online free 2011 Table 33-1. File taxes online free 2011 Income Limits IF your filing status is . File taxes online free 2011 . File taxes online free 2011 . File taxes online free 2011 THEN, even if you qualify (see Figure 33-A ), you CANNOT take the credit if. File taxes online free 2011 . File taxes online free 2011 . File taxes online free 2011   Your adjusted gross income (AGI)* is equal to or more than. File taxes online free 2011 . File taxes online free 2011 . File taxes online free 2011     OR the total of your nontaxable social security and other nontaxable pension(s), annuities, or disability income is equal to or more than. File taxes online free 2011 . File taxes online free 2011 . File taxes online free 2011   single, head of household, or qualifying widow(er) with dependent child   $17,500     $5,000   married filing jointly and only one spouse qualifies in Figure 33-A   $20,000     $5,000   married filing jointly and both spouses qualify in Figure 33-A   $25,000     $7,500   married filing separately and you lived apart from your spouse for all of 2013   $12,500     $3,750   * AGI is the amount on Form 1040A, line 22, or Form 1040, line 38. File taxes online free 2011 Disability income. File taxes online free 2011   If you are under age 65, you must also have taxable disability income to qualify for the credit. File taxes online free 2011 Disability income must meet both of the following requirements. File taxes online free 2011 It must be paid under your employer's accident or health plan or pension plan. File taxes online free 2011 It must be included in your income as wages (or payments instead of wages) for the time you are absent from work because of permanent and total disability. File taxes online free 2011 Payments that are not disability income. File taxes online free 2011   Any payment you receive from a plan that does not provide for disability retirement is not disability income. File taxes online free 2011 Any lump-sum payment for accrued annual leave that you receive when you retire on disability is a salary payment and is not disability income. File taxes online free 2011   For purposes of the credit for the elderly or the disabled, disability income does not include amounts you receive after you reach mandatory retirement age. File taxes online free 2011 Mandatory retirement age is the age set by your employer at which you would have had to retire, had you not become disabled. File taxes online free 2011 Income Limits To determine if you can claim the credit, you must consider two income limits. File taxes online free 2011 The first limit is the amount of your adjusted gross income (AGI). File taxes online free 2011 The second limit is the amount of nontaxable social security and other nontaxable pensions, annuities, or disability income you received. File taxes online free 2011 The limits are shown in Table 33-1. File taxes online free 2011 If your AGI and nontaxable pensions, annuities, or disability income are less than the income limits, you may be able to claim the credit. File taxes online free 2011 See How to Claim the Credit , later. File taxes online free 2011 If either your AGI or your nontaxable pensions, annuities, or disability income are equal to or more than the income limits, you cannot take the credit. File taxes online free 2011 How to Claim the Credit You can figure the credit yourself or the Internal Revenue Service will figure it for you. File taxes online free 2011 Credit Figured for You If you choose to have the IRS figure the credit for you, read the following discussion for the form you will file (Form 1040 or 1040A). File taxes online free 2011 If you want the IRS to figure your tax, see chapter 30. File taxes online free 2011 Form 1040. File taxes online free 2011   If you want the IRS to figure your credit, see Form 1040 Line Entries under Tax Figured by IRS in chapter 30. File taxes online free 2011 Form 1040A. File taxes online free 2011   If you want the IRS to figure your credit, see Form 1040A Line Entries under Tax Figured by IRS in chapter 30. File taxes online free 2011 Credit Figured by You If you choose to figure the credit yourself, fill out the front of Schedule R. File taxes online free 2011 Next, fill out Schedule R, Part III. File taxes online free 2011 If you file Form 1040A, enter the amount from Schedule R, line 22, on Form 1040A, line 30. File taxes online free 2011 If you file Form 1040, include the amount from Schedule R, line 22, on line 53; check box c, and enter “Sch R” on the line next to that box. File taxes online free 2011 For a step-by-step discussion about filling out Part III of Schedule R, see Figuring the Credit Yourself in Publication 524. File taxes online free 2011 Limit on credit. File taxes online free 2011   The amount of the credit you can claim is generally limited to the amount of your tax. File taxes online free 2011 Use the Credit Limit Worksheet in the Instructions for Schedule R to determine if your credit is limited. File taxes online free 2011 Prev  Up  Next   Home   More Online Publications
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  • When shopping for insurance on the Internet, check that the website is secure. Look for the lock icon, a URL that begins "https:" and never provide personal information if you don't trust the site.
  • Be wary of people selling insurance door-to-door and over the telephone.
  • Be suspicious if, after an accident, a stranger contacts you to offer "quick cash" or recommends a particular attorney or health care provider. Report the incident to your police department.
  • Don't give your insurance identification numbers to companies you don't know.
  • Carry a disposable camera in your glove compartment. If you are in an accident, take pictures of the damage and the people involved. Ask for names, telephone numbers, and driver's license information for all those involved. Getting contact information for any witnesses is also a good idea.

If you suspect fraud, call the National Insurance Crime Bureau's hotline at 1-800-835-6422. For more information, check out the Coalition Against Insurance Fraud

The File Taxes Online Free 2011

File taxes online free 2011 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. File taxes online free 2011 They also discuss the income tax treatment of CCF deposits, earnings, and withdrawals. File taxes online free 2011 CCF Accounts This section explains who can open a CCF account and how to use the account to defer income tax. File taxes online free 2011 Opening a CCF account. File taxes online free 2011   If you are a U. File taxes online free 2011 S. File taxes online free 2011 citizen and you own or lease one or more eligible vessels (defined later), you can open a CCF account. File taxes online free 2011 However, before you open your CCF account, you must enter into an agreement with the Secretary of Commerce through the NMFS. File taxes online free 2011 This agreement will establish the following. File taxes online free 2011 Agreement vessels. File taxes online free 2011 Eligible vessels named in the agreement that will be the basis for the deferral of income tax. File taxes online free 2011 Planned use of withdrawals. File taxes online free 2011 Use of CCF funds to acquire, build, or rebuild a vessel. File taxes online free 2011 CCF depository. File taxes online free 2011 Where your CCF funds will be held. File taxes online free 2011    You can request an application kit or get additional information from NMFS at the following address. File taxes online free 2011 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. File taxes online free 2011 nmfs. File taxes online free 2011 noaa. File taxes online free 2011 gov/mb/financial_services/ccf. File taxes online free 2011 htm. File taxes online free 2011    You can call NMFS to request an application kit or get additional information at (301) 713-2393 (ext. File taxes online free 2011 204). File taxes online free 2011 Their fax number is (301) 713-1939. File taxes online free 2011 Eligible vessels. File taxes online free 2011   There are two types of vessels that may be considered eligible, those weighing 5 tons or more and those weighing less than 5 tons. File taxes online free 2011 For each type, certain requirements must be met. File taxes online free 2011 Vessel weighing 5 tons or more. File taxes online free 2011   To be considered eligible, the vessel must meet all the following requirements. File taxes online free 2011 Be built or rebuilt in the United States. File taxes online free 2011 Be documented under the laws of the United States. File taxes online free 2011 Be used commercially in the fisheries of the United States. File taxes online free 2011 Be operated in the foreign or domestic commerce of the United States. File taxes online free 2011 Vessel weighing less than 5 tons. File taxes online free 2011   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. File taxes online free 2011 Be built or rebuilt in the United States. File taxes online free 2011 Be owned by a U. File taxes online free 2011 S. File taxes online free 2011 citizen. File taxes online free 2011 Have a home port in the United States. File taxes online free 2011 Be used commercially in the fisheries of the United States. File taxes online free 2011 Deferring tax on CCF deposits and earnings. File taxes online free 2011   You can use a CCF account to defer income tax by taking the following actions. File taxes online free 2011 Making deposits to your CCF account from taxable income. File taxes online free 2011 Excluding from income deposits assigned to certain accounts (discussed later). File taxes online free 2011 Making withdrawals from your CCF account when you acquire, build, or rebuild fishing vessels. File taxes online free 2011 Reducing the basis of fishing vessels you acquire, build, or rebuild to recapture amounts previously excluded from tax. File taxes online free 2011    Reporting requirements. File taxes online free 2011 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. File taxes online free 2011 This form is due within 30 days after you file your federal income tax return even if no deposits or withdrawals are made. File taxes online free 2011 For more information, contact the NMFS at the address or phone number given earlier. File taxes online free 2011 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. File taxes online free 2011 Your total CCF deposits and earnings for any given year are limited to the amount attributed to these three accounts for that year. File taxes online free 2011 Capital account. File taxes online free 2011   The capital account consists primarily of amounts attributable to the following items. File taxes online free 2011 Allowable depreciation deductions for agreement vessels. File taxes online free 2011 Any nontaxable return of capital from either (a) or (b), below. File taxes online free 2011 The sale or other disposition of agreement vessels. File taxes online free 2011 Insurance or indemnity proceeds attributable to agreement vessels. File taxes online free 2011 Any tax-exempt interest earned on state or local bonds in your CCF account. File taxes online free 2011 Capital gain account. File taxes online free 2011   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. File taxes online free 2011 Any capital gain from either of the following sources. File taxes online free 2011 The sale or other disposition of agreement vessels held for more than 6 months. File taxes online free 2011 Insurance or indemnity proceeds attributable to agreement vessels held for more than 6 months. File taxes online free 2011 Any capital gain from assets held in your CCF account for more than 6 months. File taxes online free 2011 Ordinary income account. File taxes online free 2011   The ordinary income account consists of amounts attributable to the following items. File taxes online free 2011 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. File taxes online free 2011 Any capital gain from the following sources reduced by any capital losses from assets held in your CCF account for 6 months or less. File taxes online free 2011 The sale or other disposition of agreement vessels held for 6 months or less. File taxes online free 2011 Insurance or indemnity proceeds attributable to agreement vessels held for 6 months or less. File taxes online free 2011 Any capital gain from assets held in your CCF account for 6 months or less. File taxes online free 2011 Any ordinary income (such as depreciation recapture) from either of the following sources. File taxes online free 2011 The sale or other disposition of agreement vessels. File taxes online free 2011 Insurance or indemnity proceeds attributable to agreement vessels. File taxes online free 2011 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. File taxes online free 2011 Tax Treatment of CCF Deposits This section explains the tax treatment of income used as the basis for CCF deposits. File taxes online free 2011 Capital gains. File taxes online free 2011   Do not report any transaction that produces a capital gain if you deposit the net proceeds into your CCF account. File taxes online free 2011 This treatment applies to either of the following transactions. File taxes online free 2011 The sale or other disposition of an agreement vessel. File taxes online free 2011 The receipt of insurance or indemnity proceeds attributable to an agreement vessel. File taxes online free 2011 Depreciation recapture. File taxes online free 2011   Do not report any transaction that produces depreciation recapture if you deposit the net proceeds into your CCF account. File taxes online free 2011 This treatment applies to either of the following transactions. File taxes online free 2011 The sale or other disposition of an agreement vessel. File taxes online free 2011 The receipt of insurance or indemnity proceeds attributable to an agreement vessel. File taxes online free 2011 Earnings from operations. File taxes online free 2011   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. File taxes online free 2011 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). File taxes online free 2011 Next to line 43, write “CCF” and the amount of the deposits. File taxes online free 2011 Do not deduct these CCF deposits on Schedule C or C-EZ (Form 1040). File taxes online free 2011 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. File taxes online free 2011 When the other form instructs you to use the amount from Form 1040, line 41 (for 2005), do not use that amount. File taxes online free 2011 Instead, add Form 1040, lines 42 and 43 (for 2005), and use that amount. File taxes online free 2011 Self-employment tax. File taxes online free 2011   You must use your net profit or loss from your fishing business to figure your self-employment tax. File taxes online free 2011 Do not reduce your net profit or loss by any earnings from operations you deposit into your CCF account. File taxes online free 2011    Partnerships and S corporations. File taxes online free 2011 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). File taxes online free 2011   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). File taxes online free 2011 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. File taxes online free 2011 However, if you choose to withdraw the earnings in the year earned, you must generally pay income tax on them. File taxes online free 2011 Capital gains. File taxes online free 2011   Do not report any capital gains from the sale of capital assets held in your CCF account. File taxes online free 2011 This includes capital gain distributions reported to you on Form 1099-DIV or a substitute statement. File taxes online free 2011 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. File taxes online free 2011 ” Interest and dividends. File taxes online free 2011   Do not report any ordinary income (such as interest and dividends) you earn on the assets in your CCF account. File taxes online free 2011 However, you should attach a statement to your return to list the payers and the amounts and to identify them as “CCF account earnings. File taxes online free 2011 ”   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. File taxes online free 2011 ” Then, subtract the same amounts from the list and identify them as “CCF deposits. File taxes online free 2011 ” Tax-exempt interest. File taxes online free 2011   Do not report tax-exempt interest from state or local bonds you held in your CCF account. File taxes online free 2011 You are not required to report this interest on Form 1040, line 8b. File taxes online free 2011 Tax Treatment of CCF Withdrawals This section discusses the tax treatment of amounts you withdraw from your CCF account during the year. File taxes online free 2011 Qualified Withdrawals A qualified withdrawal from a CCF account is one that is approved by NMFS for either of the following uses. File taxes online free 2011 Acquiring, building, or rebuilding qualified vessels (defined next). File taxes online free 2011 Making principal payments on the mortgage of a qualified vessel. File taxes online free 2011 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. File taxes online free 2011 NMFS will approve amounts withdrawn to purchase trawl nets. File taxes online free 2011 Qualified vessel. File taxes online free 2011   This is any vessel that meets all of the following requirements. File taxes online free 2011 The vessel was built or rebuilt in the United States. File taxes online free 2011 The vessel is documented under the laws of the United States. File taxes online free 2011 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. File taxes online free 2011 How to determine the source of qualified withdrawals. File taxes online free 2011   When you make a qualified withdrawal, the amount is treated as being withdrawn in the following order from the accounts listed below. File taxes online free 2011 The capital account. File taxes online free 2011 The capital gain account. File taxes online free 2011 The ordinary income account. File taxes online free 2011 Excluding qualified withdrawals from tax. File taxes online free 2011   Do not report on your income tax return any qualified withdrawals from your CCF account. File taxes online free 2011 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. File taxes online free 2011 Nonqualified Withdrawals A nonqualified withdrawal from a CCF account is generally any withdrawal that is not a qualified withdrawal. File taxes online free 2011 Qualified withdrawals are defined under Qualified Withdrawals, earlier. File taxes online free 2011 Examples. File taxes online free 2011   Examples of nonqualified withdrawals include the following amounts from either the ordinary income account or the capital gain account. File taxes online free 2011 Amounts remaining in a CCF account upon termination of your agreement with NMFS. File taxes online free 2011 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. File taxes online free 2011 Amounts determined by the IRS to cause your CCF account balance to exceed the amount appropriate to meet your planned use of withdrawals. File taxes online free 2011 You will generally be given 3 years to revise your plans to cover this excess balance. File taxes online free 2011 Amounts you leave in your account for more than 25 years. File taxes online free 2011 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. File taxes online free 2011 How to determine the source of nonqualified withdrawals. File taxes online free 2011    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. File taxes online free 2011 The ordinary income account. File taxes online free 2011 The capital gain account. File taxes online free 2011 The capital account. File taxes online free 2011 Paying tax on nonqualified withdrawals. File taxes online free 2011   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. File taxes online free 2011 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. File taxes online free 2011    Partnerships and S corporations. File taxes online free 2011 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). File taxes online free 2011 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. File taxes online free 2011 Interest. File taxes online free 2011   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. File taxes online free 2011 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. File taxes online free 2011 The period ends on the last date for paying tax for the year in which you make the nonqualified withdrawal. File taxes online free 2011 The interest rate on the nonqualified withdrawal is simple interest. File taxes online free 2011 The rate is subject to change annually and is published in the Federal Register. File taxes online free 2011    You also can call NMFS at (301) 713-2393 (ext. File taxes online free 2011 204) to get the current interest rate. File taxes online free 2011 Interest deduction. File taxes online free 2011   You can deduct the interest you pay on a nonqualified withdrawal as a trade or business expense. File taxes online free 2011 Reporting the additional tax and interest. File taxes online free 2011   Attach a statement to your income tax return showing your computation of the tax and the interest on a nonqualified withdrawal. File taxes online free 2011 Include the tax and interest on Form 1040, line 63 (for 2005). File taxes online free 2011 To the left of line 63, write in the amount of tax and interest and “CCF. File taxes online free 2011 ” Tax benefit rule. File taxes online free 2011   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. File taxes online free 2011 The part that did not reduce your tax liability for any year prior to the withdrawal year is not taxed. File taxes online free 2011 That part is allowed as a net operating loss deduction. File taxes online free 2011 More Information This section briefly discussed the CCF program. File taxes online free 2011 For more detailed information, see the following legislative authorities. File taxes online free 2011 Section 607 of the Merchant Marine Act of 1936, as amended (46 U. File taxes online free 2011 S. File taxes online free 2011 C. File taxes online free 2011 1177). File taxes online free 2011 Chapter 2, Part 259 of title 50 of the Code of Federal Regulations (50 C. File taxes online free 2011 F. File taxes online free 2011 R. File taxes online free 2011 , Part 259). File taxes online free 2011 Subchapter A, Part 3 of title 26 of the Code of Federal Regulations (26 C. File taxes online free 2011 F. File taxes online free 2011 R. File taxes online free 2011 , Part 3). File taxes online free 2011 Section 7518 of the Internal Revenue Code (IRC 7518). File taxes online free 2011 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. File taxes online free 2011 Also, see their web page at www. File taxes online free 2011 nmfs. File taxes online free 2011 noaa. File taxes online free 2011 gov/mb/financial_services/ccf. File taxes online free 2011 htm. File taxes online free 2011 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. File taxes online free 2011 By selecting the method that is best for you, you will have quick and easy access to tax help. File taxes online free 2011 Contacting your Taxpayer Advocate. File taxes online free 2011   If you have attempted to deal with an IRS problem unsuccessfully, you should contact your Taxpayer Advocate. File taxes online free 2011   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. File taxes online free 2011 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. File taxes online free 2011   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. File taxes online free 2011 irs. File taxes online free 2011 gov/advocate. File taxes online free 2011   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). File taxes online free 2011 Free tax services. File taxes online free 2011   To find out what services are available, get Publication 910, IRS Guide to Free Tax Services. File taxes online free 2011 It contains a list of free tax publications and an index of tax topics. File taxes online free 2011 It also describes other free tax information services, including tax education and assistance programs and a list of TeleTax topics. File taxes online free 2011 Internet. File taxes online free 2011 You can access the IRS website 24 hours a day, 7 days a week, at www. File taxes online free 2011 irs. File taxes online free 2011 gov to: E-file your return. File taxes online free 2011 Find out about commercial tax preparation and e-file services available free to eligible taxpayers. File taxes online free 2011 Check the status of your refund. File taxes online free 2011 Click on Where's My Refund. File taxes online free 2011 Be sure to wait at least 6 weeks from the date you filed your return (3 weeks if you filed electronically). File taxes online free 2011 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. File taxes online free 2011 Download forms, instructions, and publications. File taxes online free 2011 Order IRS products online. File taxes online free 2011 Research your tax questions online. File taxes online free 2011 Search publications online by topic or keyword. File taxes online free 2011 View Internal Revenue Bulletins (IRBs) published in the last few years. File taxes online free 2011 Figure your withholding allowances using our Form W-4 calculator. File taxes online free 2011 Sign up to receive local and national tax news by email. File taxes online free 2011 Get information on starting and operating a small business. File taxes online free 2011 Phone. File taxes online free 2011 Many services are available by phone. File taxes online free 2011 Ordering forms, instructions, and publications. File taxes online free 2011 Call 1-800-829-3676 to order current-year forms, instructions, and publications and prior-year forms and instructions. File taxes online free 2011 You should receive your order within 10 days. File taxes online free 2011 Asking tax questions. File taxes online free 2011 Call the IRS with your tax questions at 1-800-829-1040. File taxes online free 2011 Solving problems. File taxes online free 2011 You can get face-to-face help solving tax problems every business day in IRS Taxpayer Assistance Centers. File taxes online free 2011 An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. File taxes online free 2011 Call your local Taxpayer Assistance Center for an appointment. File taxes online free 2011 To find the number, go to www. File taxes online free 2011 irs. File taxes online free 2011 gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. File taxes online free 2011 TTY/TDD equipment. File taxes online free 2011 If you have access to TTY/TDD equipment, call 1-800-829-4059 to ask tax questions or to order forms and publications. File taxes online free 2011 TeleTax topics. File taxes online free 2011 Call 1-800-829-4477 and press 2 to listen to pre-recorded messages covering various tax topics. File taxes online free 2011 Refund information. File taxes online free 2011 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. File taxes online free 2011 Be sure to wait at least 6 weeks from the date you filed your return (3 weeks if you filed electronically). File taxes online free 2011 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. File taxes online free 2011 Evaluating the quality of our telephone services. File taxes online free 2011 To ensure that IRS representatives give accurate, courteous, and professional answers, we use several methods to evaluate the quality of our telephone services. File taxes online free 2011 One method is for a second IRS representative to sometimes listen in on or record telephone calls. File taxes online free 2011 Another is to ask some callers to complete a short survey at the end of the call. File taxes online free 2011 Walk-in. File taxes online free 2011 Many products and services are available on a walk-in basis. File taxes online free 2011 Products. File taxes online free 2011 You can walk in to many post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. File taxes online free 2011 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. File taxes online free 2011 Also, some IRS offices and libraries have the Internal Revenue Code, regulations, Internal Revenue Bulletins, and Cumulative Bulletins available for research purposes. File taxes online free 2011 Services. File taxes online free 2011 You can walk in to your local Taxpayer Assistance Center every business day for personal, face-to-face tax help. File taxes online free 2011 An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. File taxes online free 2011 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. File taxes online free 2011 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. File taxes online free 2011 A representative will call you back within 2 business days to schedule an in-person appointment at your convenience. File taxes online free 2011 To find the number, go to www. File taxes online free 2011 irs. File taxes online free 2011 gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. File taxes online free 2011 Mail. File taxes online free 2011 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. File taxes online free 2011 National Distribution Center P. File taxes online free 2011 O. File taxes online free 2011 Box 8903 Bloomington, IL 61702-8903 CD-ROM for tax products. File taxes online free 2011 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. File taxes online free 2011 The first release ships in late December and the final release ships in late February. File taxes online free 2011 Current-year forms, instructions, and publications. File taxes online free 2011 Prior-year forms, instructions, and publications. File taxes online free 2011 Tax Map: an electronic research tool and finding aid. File taxes online free 2011 Tax law frequently asked questions (FAQs). File taxes online free 2011 Tax Topics from the IRS telephone response system. File taxes online free 2011 Fill-in, print, and save features for most tax forms. File taxes online free 2011 Internal Revenue Bulletins. File taxes online free 2011 Toll-free and email technical support. File taxes online free 2011 Buy the CD-ROM from National Technical Information Service (NTIS) at www. File taxes online free 2011 irs. File taxes online free 2011 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). File taxes online free 2011 CD-ROM for small businesses. File taxes online free 2011 Publication 3207, Small Business Resource Guide CD-ROM, has a new look and enhanced navigation features. File taxes online free 2011 This CD includes: Helpful information, such as how to prepare a business plan, find financing for your business, and much more. File taxes online free 2011 All the business tax forms, instructions, and publications needed to successfully manage a business. File taxes online free 2011 Tax law changes. File taxes online free 2011 IRS Tax Map to help you find forms, instructions, and publications by searching on a keyword or topic. File taxes online free 2011 Web links to various government agencies, business associations, and IRS organizations. File taxes online free 2011 “Rate the Product” survey—your opportunity to suggest changes for future editions. File taxes online free 2011 An updated version of this CD is available each year in early April. File taxes online free 2011 You can get a free copy by calling 1-800-829-3676 or by visiting www. File taxes online free 2011 irs. File taxes online free 2011 gov/smallbiz. 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