File your Taxes for Free!
  • Get your maximum refund*
  • 100% accurate calculations guaranteed*

TurboTax Federal Free Edition - File Taxes Online

Don't let filing your taxes get you down! We'll help make it as easy as possible. With e-file and direct deposit, there's no faster way to get your refund!

Approved TurboTax Affiliate Site. TurboTax and TurboTax Online, among others, 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.


© 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.
https://turbotax.intuit.com/corp/guarantees.jsp

File Taxes Online Free 2012

File Income Taxes OnlineIrs Ez Form 20112012 Income Tax ReturnsIrs Amended Tax ReturnIs It Too Late To File 2012 Tax ReturnIrs Form1040ezFill 1040x Form OnlineIrs Gov Form 1040ez2011 1040ez Tax FormWhere Can I Get My State Taxes Done For FreeMy Freetaxes ComAmend TaxWhen Is The Deadline To File TaxesWhere To File Free State TaxesPrintable 1040ez FormOnline 1040ez FilingFile Taxes Online For FreeIrs State Tax Forms2011 Form 1040Free State Tax Return OnlyForm 1040x ExampleWww Freefilefillableforms Com Ffa Freefileforms HtmFree Federal And State Tax Filing 2014Federal Tax 1040ezHow To Amend A Tax ReturnFree State Turbo Tax 2012Can I File My 2012 Taxes With My 2013 TaxesWho Can Use 1040ezI Need The 1040x FormIrs Gov Form 1040xBack Tax HelpTurbotax 2011 SoftwareIrs 1040ez Instructions1040ez Fillable Form2010 Tax Preparation SoftwareH & R Block TaxFree File State ReturnIrs Form 1040x Amended Tax Return2011 Tax Forms 1040 EzWhat Is A 1040nr

File Taxes Online Free 2012

File taxes online free 2012 3. File taxes online free 2012   Reporting Rental Income, Expenses, and Losses Table of Contents Which Forms To UseSchedule E (Form 1040) Schedule C (Form 1040), Profit or Loss From Business Qualified Joint Venture Limits on Rental LossesAt-Risk Rules Passive Activity Limits Casualties and Thefts Example Figuring the net income or loss for a residential rental activity may involve more than just listing the income and deductions on Schedule E (Form 1040). File taxes online free 2012 There are activities which do not qualify to use Schedule E, such as when the activity is not engaged in to make a profit or when you provide substantial services in conjunction with the property. File taxes online free 2012 There are also the limitations which may need to be applied if you have a net loss on Schedule E. File taxes online free 2012 There are two: (1) the limitation based on the amount of investment you have at risk in your rental activity, and (2) the special limits imposed on passive activities. File taxes online free 2012 You may also have a gain or loss related to your rental property from a casualty or theft. File taxes online free 2012 This is considered separately from the income and expense information you report on Schedule E. File taxes online free 2012 Which Forms To Use The basic form for reporting residential rental income and expenses is Schedule E (Form 1040). File taxes online free 2012 However, do not use that schedule to report a not-for-profit activity. File taxes online free 2012 See Not Rented for Profit , in chapter 4. File taxes online free 2012 There are also other rental situations in which forms other than Schedule E would be used. File taxes online free 2012 Schedule E (Form 1040) If you rent buildings, rooms, or apartments, and provide basic services such as heat and light, trash collection, etc. File taxes online free 2012 , you normally report your rental income and expenses on Schedule E, Part I. File taxes online free 2012 List your total income, expenses, and depreciation for each rental property. File taxes online free 2012 Be sure to enter the number of fair rental and personal use days on line 2. File taxes online free 2012 If you have more than three rental or royalty properties, complete and attach as many Schedules E as are needed to list the properties. File taxes online free 2012 Complete lines 1 and 2 for each property. File taxes online free 2012 However, fill in lines 23a through 26 on only one Schedule E. File taxes online free 2012 On Schedule E, page 1, line 18, enter the depreciation you are claiming for each property. File taxes online free 2012 To find out if you need to attach Form 4562, see Form 4562 , later. File taxes online free 2012 If you have a loss from your rental real estate activity, you also may need to complete one or both of the following forms. File taxes online free 2012 Form 6198, At-Risk Limitations. File taxes online free 2012 See At-Risk Rules , later. File taxes online free 2012 Also see Publication 925. File taxes online free 2012 Form 8582, Passive Activity Loss Limitations. File taxes online free 2012 See Passive Activity Limits , later. File taxes online free 2012 Page 2 of Schedule E is used to report income or loss from partnerships, S corporations, estates, trusts, and real estate mortgage investment conduits. File taxes online free 2012 If you need to use page 2 of Schedule E, be sure to use page 2 of the same Schedule E you used to enter your rental activity on page 1. File taxes online free 2012 Also, include the amount from line 26 (Part I) in the “Total income or (loss)” on line 41 (Part V). File taxes online free 2012 Form 4562. File taxes online free 2012   You must complete and attach Form 4562 for rental activities only if you are claiming: Depreciation, including the special depreciation allowance, on property placed in service during 2013; Depreciation on listed property (such as a car), regardless of when it was placed in service; or Any other car expenses, including the standard mileage rate or lease expenses. File taxes online free 2012 Otherwise, figure your depreciation on your own worksheet. File taxes online free 2012 You do not have to attach these computations to your return, but you should keep them in your records for future reference. File taxes online free 2012   See Publication 946 for information on preparing Form 4562. File taxes online free 2012 Schedule C (Form 1040), Profit or Loss From Business Generally, Schedule C is used when you provide substantial services in conjunction with the property or the rental is part of a trade or business as a real estate dealer. File taxes online free 2012 Providing substantial services. File taxes online free 2012   If you provide substantial services that are primarily for your tenant's convenience, such as regular cleaning, changing linen, or maid service, you report your rental income and expenses on Schedule C (Form 1040), Profit or Loss From Business, or Schedule C-EZ (Form 1040), Net Profit From Business. File taxes online free 2012 Use Form 1065, U. File taxes online free 2012 S. File taxes online free 2012 Return of Partnership Income, if your rental activity is a partnership (including a partnership with your spouse unless it is a qualified joint venture). File taxes online free 2012 Substantial services do not include the furnishing of heat and light, cleaning of public areas, trash collection, etc. File taxes online free 2012 For information, see Publication 334, Tax Guide for Small Business. File taxes online free 2012 Also, you may have to pay self-employment tax on your rental income using Schedule SE (Form 1040), Self-Employment Tax. File taxes online free 2012 For a discussion of “substantial services,” see Real Estate Rents in Publication 334, chapter 5. File taxes online free 2012 Qualified Joint Venture If you and your spouse each materially participate (see Material participation under Passive Activity Limits, later) as the only members of a jointly owned and operated real estate business, and you file a joint return for the tax year, you can make a joint election to be treated as a qualified joint venture instead of a partnership. File taxes online free 2012 This election, in most cases, will not increase the total tax owed on the joint return, but it does give each of you credit for social security earnings on which retirement benefits are based and for Medicare coverage if your rental income is subject to self-employment tax. File taxes online free 2012 If you make this election, you must report rental real estate income on Schedule E (or Schedule C if you provide substantial services). File taxes online free 2012 You will not be required to file Form 1065 for any year the election is in effect. File taxes online free 2012 Rental real estate income generally is not included in net earnings from self-employment subject to self-employment tax and generally is subject to the passive activity limits. File taxes online free 2012 If you and your spouse filed a Form 1065 for the year prior to the election, the partnership terminates at the end of the tax year immediately preceding the year the election takes effect. File taxes online free 2012 For more information on qualified joint ventures, go to IRS. File taxes online free 2012 gov and enter “qualified joint venture” in the search box. File taxes online free 2012 Limits on Rental Losses If you have a loss from your rental real estate activity, two sets of rules may limit the amount of loss you can deduct. File taxes online free 2012 You must consider these rules in the order shown below. File taxes online free 2012 Both are discussed in this section. File taxes online free 2012 At-risk rules. File taxes online free 2012 These rules are applied first if there is investment in your rental real estate activity for which you are not at risk. File taxes online free 2012 This applies only if the real property was placed in service after 1986. File taxes online free 2012 Passive activity limits. File taxes online free 2012 Generally, rental real estate activities are considered passive activities and losses are not deductible unless you have income from other passive activities to offset them. File taxes online free 2012 However, there are exceptions. File taxes online free 2012 At-Risk Rules You may be subject to the at-risk rules if you have: A loss from an activity carried on as a trade or business or for the production of income, and Amounts invested in the activity for which you are not fully at risk. File taxes online free 2012 Losses from holding real property (other than mineral property) placed in service before 1987 are not subject to the at-risk rules. File taxes online free 2012 In most cases, any loss from an activity subject to the at-risk rules is allowed only to the extent of the total amount you have at risk in the activity at the end of the tax year. File taxes online free 2012 You are considered at risk in an activity to the extent of cash and the adjusted basis of other property you contributed to the activity and certain amounts borrowed for use in the activity. File taxes online free 2012 Any loss that is disallowed because of the at-risk limits is treated as a deduction from the same activity in the next tax year. File taxes online free 2012 See Publication 925 for a discussion of the at-risk rules. File taxes online free 2012 Form 6198. File taxes online free 2012   If you are subject to the at-risk rules, file Form 6198, At-Risk Limitations, with your tax return. File taxes online free 2012 Passive Activity Limits In most cases, all rental real estate activities (except those of certain real estate professionals, discussed later) are passive activities. File taxes online free 2012 For this purpose, a rental activity is an activity from which you receive income mainly for the use of tangible property, rather than for services. File taxes online free 2012 For a discussion of activities that are not considered rental activities, see Rental Activities in Publication 925. File taxes online free 2012 Deductions or losses from passive activities are limited. File taxes online free 2012 You generally cannot offset income, other than passive income, with losses from passive activities. File taxes online free 2012 Nor can you offset taxes on income, other than passive income, with credits resulting from passive activities. File taxes online free 2012 Any excess loss or credit is carried forward to the next tax year. File taxes online free 2012 Exceptions to the rules for figuring passive activity limits for personal use of a dwelling unit and for rental real estate with active participation are discussed later. File taxes online free 2012 For a detailed discussion of these rules, see Publication 925. File taxes online free 2012 Real estate professionals. File taxes online free 2012   If you are a real estate professional, complete line 43 of Schedule E. File taxes online free 2012      You qualify as a real estate professional for the tax year if you meet both of the following requirements. File taxes online free 2012 More than half of the personal services you perform in all trades or businesses during the tax year are performed in real property trades or businesses in which you materially participate. File taxes online free 2012 You perform more than 750 hours of services during the tax year in real property trades or businesses in which you materially participate. File taxes online free 2012 If you qualify as a real estate professional, rental real estate activities in which you materially participated are not passive activities. File taxes online free 2012 For purposes of determining whether you materially participated in your rental real estate activities, each interest in rental real estate is a separate activity unless you elect to treat all your interests in rental real estate as one activity. File taxes online free 2012   Do not count personal services you perform as an employee in real property trades or businesses unless you are a 5% owner of your employer. File taxes online free 2012 You are a 5% owner if you own (or are considered to own) more than 5% of your employer's outstanding stock, or capital or profits interest. File taxes online free 2012   Do not count your spouse's personal services to determine whether you met the requirements listed earlier to qualify as a real estate professional. File taxes online free 2012 However, you can count your spouse's participation in an activity in determining if you materially participated. File taxes online free 2012 Real property trades or businesses. File taxes online free 2012   A real property trade or business is a trade or business that does any of the following with real property. File taxes online free 2012 Develops or redevelops it. File taxes online free 2012 Constructs or reconstructs it. File taxes online free 2012 Acquires it. File taxes online free 2012 Converts it. File taxes online free 2012 Rents or leases it. File taxes online free 2012 Operates or manages it. File taxes online free 2012 Brokers it. File taxes online free 2012 Choice to treat all interests as one activity. File taxes online free 2012   If you were a real estate professional and had more than one rental real estate interest during the year, you can choose to treat all the interests as one activity. File taxes online free 2012 You can make this choice for any year that you qualify as a real estate professional. File taxes online free 2012 If you forgo making the choice for one year, you can still make it for a later year. File taxes online free 2012   If you make the choice, it is binding for the tax year you make it and for any later year that you are a real estate professional. File taxes online free 2012 This is true even if you are not a real estate professional in any intervening year. File taxes online free 2012 (For that year, the exception for real estate professionals will not apply in determining whether your activity is subject to the passive activity rules. File taxes online free 2012 )   See the Instructions for Schedule E for information about making this choice. File taxes online free 2012 Material participation. File taxes online free 2012   Generally, you materially participated in an activity for the tax year if you were involved in its operations on a regular, continuous, and substantial basis during the year. File taxes online free 2012 For details, see Publication 925 or the Instructions for Schedule C. File taxes online free 2012 Participating spouse. File taxes online free 2012   If you are married, determine whether you materially participated in an activity by also counting any participation in the activity by your spouse during the year. File taxes online free 2012 Do this even if your spouse owns no interest in the activity or files a separate return for the year. File taxes online free 2012 Form 8582. File taxes online free 2012    You may have to complete Form 8582 to figure the amount of any passive activity loss for the current tax year for all activities and the amount of the passive activity loss allowed on your tax return. File taxes online free 2012 See Form 8582 not required , later in this chapter, to determine if you must complete Form 8582. File taxes online free 2012   If you are required to complete Form 8582 and are also subject to the at-risk rules, include the amount from Form 6198, line 21 (deductible loss) in column (b) of Form 8582, Worksheet 1 or 3, as required. File taxes online free 2012 Exception for Personal Use of Dwelling Unit If you used the rental property as a home during the year, any income, deductions, gain, or loss allocable to such use shall not be taken into account for purposes of the passive activity loss limitation. File taxes online free 2012 Instead, follow the rules explained in chapter 5, Personal Use of Dwelling Unit (Including Vacation Home). File taxes online free 2012 Exception for Rental Real Estate With Active Participation If you or your spouse actively participated in a passive rental real estate activity, you may be able to deduct up to $25,000 of loss from the activity from your nonpassive income. File taxes online free 2012 This special allowance is an exception to the general rule disallowing losses in excess of income from passive activities. File taxes online free 2012 Similarly, you may be able to offset credits from the activity against the tax on up to $25,000 of nonpassive income after taking into account any losses allowed under this exception. File taxes online free 2012 Example. File taxes online free 2012 Jane is single and has $40,000 in wages, $2,000 of passive income from a limited partnership, and $3,500 of passive loss from a rental real estate activity in which she actively participated. File taxes online free 2012 $2,000 of Jane's $3,500 loss offsets her passive income. File taxes online free 2012 The remaining $1,500 loss can be deducted from her $40,000 wages. File taxes online free 2012 The special allowance is not available if you were married, lived with your spouse at any time during the year, and are filing a separate return. File taxes online free 2012 Active participation. File taxes online free 2012   You actively participated in a rental real estate activity if you (and your spouse) owned at least 10% of the rental property and you made management decisions or arranged for others to provide services (such as repairs) in a significant and bona fide sense. File taxes online free 2012 Management decisions that may count as active participation include approving new tenants, deciding on rental terms, approving expenditures, and other similar decisions. File taxes online free 2012 Example. File taxes online free 2012 Mike is single and had the following income and losses during the tax year:   Salary $42,300     Dividends 300     Interest 1,400     Rental loss (4,000)   The rental loss was from the rental of a house Mike owned. File taxes online free 2012 Mike had advertised and rented the house to the current tenant himself. File taxes online free 2012 He also collected the rents, which usually came by mail. File taxes online free 2012 All repairs were either made or contracted out by Mike. File taxes online free 2012 Although the rental loss is from a passive activity, because Mike actively participated in the rental property management he can use the entire $4,000 loss to offset his other income. File taxes online free 2012 Maximum special allowance. File taxes online free 2012   The maximum special allowance is: $25,000 for single individuals and married individuals filing a joint return for the tax year, $12,500 for married individuals who file separate returns for the tax year and lived apart from their spouses at all times during the tax year, and $25,000 for a qualifying estate reduced by the special allowance for which the surviving spouse qualified. File taxes online free 2012   If your modified adjusted gross income (MAGI) is $100,000 or less ($50,000 or less if married filing separately), you can deduct your loss up to the amount specified above. File taxes online free 2012 If your MAGI is more than $100,000 (more than $50,000 if married filing separately), your special allowance is limited to 50% of the difference between $150,000 ($75,000 if married filing separately) and your MAGI. File taxes online free 2012   Generally, if your MAGI is $150,000 or more ($75,000 or more if you are married filing separately), there is no special allowance. File taxes online free 2012 Modified adjusted gross income (MAGI). File taxes online free 2012   This is your adjusted gross income from Form 1040, U. File taxes online free 2012 S. File taxes online free 2012 Individual Income Tax Return, line 38, or Form 1040NR, U. File taxes online free 2012 S. File taxes online free 2012 Nonresident Alien Income Tax Return, line 37, figured without taking into account: The taxable amount of social security or equivalent tier 1 railroad retirement benefits, The deductible contributions to traditional individual retirement accounts (IRAs) and section 501(c)(18) pension plans, The exclusion from income of interest from Series EE and I U. File taxes online free 2012 S. File taxes online free 2012 savings bonds used to pay higher educational expenses, The exclusion of amounts received under an employer's adoption assistance program, Any passive activity income or loss included on Form 8582, Any rental real estate loss allowed to real estate professionals, Any overall loss from a publicly traded partnership (see Publicly Traded Partnerships (PTPs) in the Instructions for Form 8582), The deduction allowed for one-half of self-employment tax, The deduction allowed for interest paid on student loans, The deduction for qualified tuition and related fees, and The domestic production activities deduction (see the Instructions for Form 8903). File taxes online free 2012 Form 8582 not required. File taxes online free 2012   Do not complete Form 8582 if you meet all of the following conditions. File taxes online free 2012 Your only passive activities were rental real estate activities in which you actively participated. File taxes online free 2012 Your overall net loss from these activities is $25,000 or less ($12,500 or less if married filing separately and you lived apart from your spouse all year). File taxes online free 2012 If married filing separately, you lived apart from your spouse all year. File taxes online free 2012 You have no prior year unallowed losses from these (or any other passive) activities. File taxes online free 2012 You have no current or prior year unallowed credits from passive activities. File taxes online free 2012 Your MAGI is $100,000 or less ($50,000 or less if married filing separately and you lived apart from your spouse all year). File taxes online free 2012 You do not hold any interest in a rental real estate activity as a limited partner or as a beneficiary of an estate or a trust. File taxes online free 2012   If you meet all of the conditions listed above, your rental real estate activities are not limited by the passive activity rules and you do not have to complete Form 8582. File taxes online free 2012 On lines 23a through 23e of your Schedule E, enter the applicable amounts. File taxes online free 2012 Casualties and Thefts As a result of a casualty or theft, you may have a loss related to your rental property. File taxes online free 2012 You may be able to deduct the loss on your income tax return. File taxes online free 2012 Casualty. File taxes online free 2012   This is the damage, destruction, or loss of property resulting from an identifiable event that is sudden, unexpected, or unusual. File taxes online free 2012 Such events include a storm, fire, or earthquake. File taxes online free 2012 Theft. File taxes online free 2012   This is defined as the unlawful taking and removing of your money or property with the intent to deprive you of it. File taxes online free 2012 Gain from casualty or theft. File taxes online free 2012   It is also possible to have a gain from a casualty or theft if you receive money, including insurance, that is more than your adjusted basis in the property. File taxes online free 2012 Generally, you must report this gain. File taxes online free 2012 However, under certain circumstances, you may defer paying tax by choosing to postpone reporting the gain. File taxes online free 2012 To do this, you generally must buy replacement property within 2 years after the close of the first tax year in which any part of your gain is realized. File taxes online free 2012 In certain circumstances, the replacement period can be greater than 2 years; see Replacement Period in Publication 547 for more information. File taxes online free 2012 The cost of the replacement property must be equal to or more than the net insurance or other payment you received. File taxes online free 2012 More information. File taxes online free 2012   For information on business and nonbusiness casualty and theft losses, see Publication 547. File taxes online free 2012 How to report. File taxes online free 2012    If you had a casualty or theft that involved property used in your rental activity, figure the net gain or loss in Section B of Form 4684, Casualties and Thefts. File taxes online free 2012 Follow the Instructions for Form 4684 for where to carry your net gain or loss. File taxes online free 2012 Example In February 2008, Marie Pfister bought a rental house for $135,000 (house $120,000 and land $15,000) and immediately began renting it out. File taxes online free 2012 In 2013, she rented it all 12 months for a monthly rental fee of $1,125. File taxes online free 2012 In addition to her rental income of $13,500 (12 x $1,125), Marie had the following expenses. File taxes online free 2012 Mortgage interest $8,000 Fire insurance (1-year policy) 250 Miscellaneous repairs 400 Real estate taxes imposed and paid 500 Maintenance 200 Marie depreciates the residential rental property under MACRS GDS. File taxes online free 2012 This means using the straight line method over a recovery period of 27. File taxes online free 2012 5 years. File taxes online free 2012 She uses Table 2-2d to find her depreciation percentage. File taxes online free 2012 Because she placed the property in service in February 2008, she continues to use that row of Table 2-2d. File taxes online free 2012 For year 6, the rate is 3. File taxes online free 2012 636%. File taxes online free 2012 Marie figures her net rental income or loss for the house as follows: Total rental income received  ($1,125 × 12) $13,500 Minus: Expenses     Mortgage interest $8,000   Fire insurance 250   Miscellaneous repairs 400   Real estate taxes 500   Maintenance 200   Total expenses 9,350 Balance $4,150 Minus: Depreciation ($120,000 x 3. File taxes online free 2012 636%) 4,363 Net rental (loss) for house ($213)       Marie had a net loss for the year. File taxes online free 2012 Because she actively participated in her passive rental real estate activity and her loss was less than $25,000, she can deduct the loss on her return. File taxes online free 2012 Marie also meets all of the requirements for not having to file Form 8582. File taxes online free 2012 She uses Schedule E, Part I, to report her rental income and expenses. File taxes online free 2012 She enters her income, expenses, and depreciation for the house in the column for Property A and enters her loss on line 22. File taxes online free 2012 Form 4562 is not required. File taxes online free 2012 Prev  Up  Next   Home   More Online Publications
Print - Click this link to Print this page

SOI Tax Stats - Personal Wealth Statistics

Return to the Tax Stats home page

What is the Personal Wealth Study?

The Personal Wealth Study uses information reported on Form 706, United States Estate (and Generation Skipping Transfer) Tax Return, to estimate the wealth of the living population. These estimates, based on the Estate Multiplier technique, appear every three years. The estimates are limited to that segment of the population for whom personal wealth is at least equal to the estate tax filing threshold in effect for the estimation period.

For information about selected terms and concepts and a description of the data sources and limitations, please visit Personal Wealth Study Metadata.

SOI Data Tables SOI Bulletin Articles Research Papers
 
Additional Information

Compendium of Federal 
Estate Tax & Personal 
Wealth Studies: Volume 1
 

Compendium of Federal 
Transfer Tax & Personal 
Wealth Studies: Volume 2

 

SOI Data Tables

Included Items: Total and selected assets, debts and mortgages, and net worth.

All Top Wealthholders by Size of Net Worth

Female Top Wealthholders by Size of Net Worth

Male Top Wealthholders by Size of Net Worth

Female Top Wealthholders by Age

Male Top Wealthholders by Age

Top Wealthholders by State of Residence


SOI Bulletin Articles

The articles below contain detailed analysis, including some year-to-year comparisons, as well as an explanation of estimation methodology and data tables. All of the articles are in .pdf format. These articles were also published in the quarterly SOI Bulletin.

2007      2004      2001     1998     1995     1992      1989      1986

The Underlying Methodology of the Estate Multiplier Technique Recent Improvements for 1989

Preliminary Estimates of Personal Wealth, 1982: Composition of Assets

Estimates of Personal Wealth, 1982: A Second Look

Trends in Personal Wealth, 1976-1981


Research Papers

The following are research papers written by SOI analysts.  The papers below are in .pdf format.

Consider the Source: Differences in Estimates of Income and Wealth From Survey and Tax Data
Author: Barry W. Johnson                 Kevin Moore
Statistics of Income, IRS     Federal Reserve Board of Governors
This paper examines the comparability of administrative and survey data, focusing specifically on data from Federal income and estate tax returns collected by the Statistics of Income (SOI) Division of the U.S. Internal Revenue Service (IRS), and the Survey of Consumer Finances (SCF) sponsored by the Board of Governors of the Federal Reserve System.

 

Updating Techniques for Estimating Wealth from Federal Estate Tax Returns
Author: Barry W. Johnson
Statistics of Income, IRS
This paper documents the history and development of the estate multiplier technique, a statistical methodology for estimating the wealth of a living population using data reported on returns filed for wealthy decedents, with an emphasis on recent methodological improvements.

 


Additional Information

The Federal Reserve Board of Governor's triennial Survey of Consumer Finances, which is supported by the Statistics of Income Division, provides estimates of household finances, including wealth, income, and debts.  Analyses of survey results, as well as public-use data sets, can be accessed online at through the Federal Reserve.
 


File readers

Bulletin articles and research papers are available in Adobe PDF format, which requires the free Adobe Acrobat reader to view and print these files.  Data tables are available in Excel version 4.0.  A free Excel viewer is available for download, if needed.

Return to the Tax Stats home page

Page Last Reviewed or Updated: 31-Jan-2014

The File Taxes Online Free 2012

File taxes online free 2012 Index Symbols 403(b) plans Defined, Tax-sheltered annuity plan. File taxes online free 2012 Loans from, without tax consequences, Exception for qualified plan, 403(b) plan, and government plan loans. File taxes online free 2012 Simplified Method to be used, Who must use the Simplified Method. File taxes online free 2012 5% owners, 5% owners. File taxes online free 2012 A Age 70, Age 70½. File taxes online free 2012 Alimony (see Qualified domestic relations orders (QDROs)) Annuities 5% rate on early distributions, 5% rate on certain early distributions from deferred annuity contracts. File taxes online free 2012 Defined, Annuity. File taxes online free 2012 Fixed-period, Fixed-period annuities. File taxes online free 2012 , Fixed-period annuity. File taxes online free 2012 Guaranteed payments, Guaranteed payments. File taxes online free 2012 Joint and survivor annuities, Joint and survivor annuities. File taxes online free 2012 Minimum distributions from, Minimum distributions from an annuity plan. File taxes online free 2012 Payments under, Annuity payments. File taxes online free 2012 Qualified plan annuity starting before November 19, 1996, Qualified plan annuity starting before November 19, 1996. File taxes online free 2012 Rollovers, Annuity contracts. File taxes online free 2012 (see also Rollovers) Single-life, Annuities for a single life. File taxes online free 2012 , Single-life annuity. File taxes online free 2012 Starting date of, Annuity starting date defined. File taxes online free 2012 , Who must use the Simplified Method. File taxes online free 2012 , Annuity starting before November 19, 1996. File taxes online free 2012 , Annuity starting date. File taxes online free 2012 Before November 19, 1996, Annuity starting before November 19, 1996. File taxes online free 2012 Distribution on or after, Distribution On or After Annuity Starting Date Transfers of contracts, Transfers of Annuity Contracts Types of, Types of pensions and annuities. File taxes online free 2012 Variable annuities, Variable annuities. File taxes online free 2012 , Variable Annuities, Death benefits. File taxes online free 2012 Assistance (see Tax help) B Beneficiaries, Survivors and Beneficiaries C Capital gains Lump-sum distributions, Capital Gain Treatment Cash withdrawals (see Nonperiodic payments) Child support (see Qualified domestic relations orders (QDROs)) Corrective distributions of excess plan contributions, Corrective distributions of excess plan contributions. File taxes online free 2012 Costs Investment in the contract, Cost (Investment in the Contract) Lump-sum distribution, determination for, Cost. File taxes online free 2012 D Death benefits, Death benefits. File taxes online free 2012 Death of employee, Distributions after the employee's death. File taxes online free 2012 , Survivors of employees. File taxes online free 2012 Death of retiree, Survivors of retirees. File taxes online free 2012 Deductible voluntary employee contributions, Deductible voluntary employee contributions. File taxes online free 2012 Defined contribution plans, Defined contribution plan. File taxes online free 2012 Designated Roth accounts Costs, Designated Roth accounts. File taxes online free 2012 Defined, Designated Roth account. File taxes online free 2012 Qualified distributions, Designated Roth accounts. File taxes online free 2012 Rollovers, Designated Roth accounts. File taxes online free 2012 Disability pensions, Disability pensions. File taxes online free 2012 , Disability Pensions Distributions, Examples (see also Rollovers) Beginning date for, Required beginning date. File taxes online free 2012 Early distributions and penalty tax, Payment to you option. File taxes online free 2012 , Tax on Early Distributions Employer securities, Distributions of employer securities. File taxes online free 2012 Loans treated as, Loans Treated as Distributions Lump-sum, Distributions of employer securities. File taxes online free 2012 , Lump-Sum Distributions, Examples Minimum required, Recapture tax for changes in distribution method under equal payment exception. File taxes online free 2012 Nonperiodic, taxation of, Taxation of Nonperiodic Payments Periodic, taxation of, Taxation of Periodic Payments Public safety employees, Qualified public safety employees. File taxes online free 2012 Qualified reservist, Qualified reservist distributions. File taxes online free 2012 U. File taxes online free 2012 S. File taxes online free 2012 savings bonds, Distribution of U. File taxes online free 2012 S. File taxes online free 2012 savings bonds. File taxes online free 2012 Dividends, Taxation of Nonperiodic Payments E Early withdrawal from deferred interest account Penalty tax on, Payment to you option. File taxes online free 2012 , Tax on Early Distributions Employer securities, distributions of, Distributions of employer securities. File taxes online free 2012 Estate tax, Reduction for federal estate tax. File taxes online free 2012 Deduction, Estate tax deduction. File taxes online free 2012 Estimated tax, Estimated tax. File taxes online free 2012 Excess accumulation, tax on, Recapture tax for changes in distribution method under equal payment exception. File taxes online free 2012 Excess plan contributions, corrective distributions of, Corrective distributions of excess plan contributions. File taxes online free 2012 F Figuring taxable amount, Figuring the Taxable Amount, Distribution of U. File taxes online free 2012 S. File taxes online free 2012 savings bonds. File taxes online free 2012 Fixed-period annuities, Fixed-period annuities. File taxes online free 2012 , Fixed-period annuity. File taxes online free 2012 Foreign employment contributions, Foreign employment contributions. File taxes online free 2012 Form 4972, Lump-Sum Distributions W-4P, Choosing no withholding. File taxes online free 2012 Form 1040/1040A Rollovers, How to report. File taxes online free 2012 Form 1040X Changing your mind on lump-sum treatment, Changing your mind. File taxes online free 2012 Form 1099-INT U. File taxes online free 2012 S. File taxes online free 2012 savings bonds distributions, Distribution of U. File taxes online free 2012 S. File taxes online free 2012 savings bonds. File taxes online free 2012 Form 1099-R 10-year tax option for lump-sum distribution, 10-Year Tax Option Corrected form, Introduction Corrective distributions of excess plan contributions, Corrective distributions of excess plan contributions. File taxes online free 2012 Exceptions to tax, Exceptions to tax. File taxes online free 2012 Investment in the contract, Cost (Investment in the Contract) Loan treated as distribution from plan, Reporting by plan. File taxes online free 2012 Rollovers, How to report. File taxes online free 2012 Tax-free exchanges, Tax-free exchange reported on Form 1099-R. File taxes online free 2012 Form 4972 10-year tax option for lump-sum distribution, 10-Year Tax Option Lump-sum distributions, Lump-Sum Distributions, Electing optional lump-sum treatment. File taxes online free 2012 Form 5329 Recapture tax, Recapture tax for changes in distribution method under equal payment exception. File taxes online free 2012 Special additional taxes (penalty taxes), Special Additional Taxes, Exceptions to tax. File taxes online free 2012 Form RRB-1099-R, Form RRB-1099-R. File taxes online free 2012 Form W-4P Withholding from retirement plan payments, Choosing no withholding. File taxes online free 2012 , Nonperiodic distributions. File taxes online free 2012 Form W-4V Voluntary withholding request for social security or railroad retirement benefits, Withholding Tax and Estimated Tax Free tax services, Free help with your tax return. File taxes online free 2012 Frozen deposits, Frozen deposits. File taxes online free 2012 Fully taxable payments, Fully Taxable Payments G General Rule, Partly Taxable Payments, General Rule Death of retiree under, Survivors of retirees. File taxes online free 2012 Investment in the contract, determination of, Cost (Investment in the Contract) Guaranteed payments, Guaranteed payments. File taxes online free 2012 H Help (see Tax help) Home purchase Loans from qualified plans for, Exception for qualified plan, 403(b) plan, and government plan loans. File taxes online free 2012 I In-plan Roth rollovers, In-plan Roth rollovers. File taxes online free 2012 Individual retirement accounts Minimum distributions from, Minimum distributions from an individual account plan. File taxes online free 2012 Rollovers, Rollovers (see also Rollovers) Interest deduction Denial on loan from plan, Denial of interest deduction. File taxes online free 2012 J Joint and survivor annuities, Joint and survivor annuities. File taxes online free 2012 L Loans treated as distributions, Loans Treated as Distributions Local government employees Section 457 plans, Section 457 Deferred Compensation Plans Losses Lump-sum distribution, Losses. File taxes online free 2012 Lump-sum distributions, Distributions of employer securities. File taxes online free 2012 , Lump-Sum Distributions, Examples 10-year tax option, 10-Year Tax Option Capital gain treatment, Capital Gain Treatment Defined, Lump-Sum Distributions Election of, Changing your mind. File taxes online free 2012 Form 4972, Lump-Sum Distributions M Minimum required distributions, Recapture tax for changes in distribution method under equal payment exception. File taxes online free 2012 Missing children, photographs of, Reminders Multiple annuitants, Multiple annuitants. File taxes online free 2012 Multiple-lives annuities, Multiple-lives annuity. File taxes online free 2012 N Net Investment Income Tax, Net investment income tax. File taxes online free 2012 , Distribution Before Annuity Starting Date From a Nonqualified Plan Net unrealized appreciation (NUA), Net unrealized appreciation (NUA). File taxes online free 2012 Deferring tax on, Distributions of employer securities. File taxes online free 2012 Nonperiodic payments Loan treated as, Loans Treated as Distributions Taxation of, Taxation of Nonperiodic Payments Nonqualified plans Distribution before annuity start date, Distribution Before Annuity Starting Date From a Nonqualified Plan General Rule to be used, Who must use the General Rule. File taxes online free 2012 Loans treated as distributions from, Effect on investment in the contract. File taxes online free 2012 Nonresident aliens Railroad retirement, Nonresident aliens. File taxes online free 2012 P Partial rollovers, Partial rollovers. File taxes online free 2012 Partly taxable payments, Partly Taxable Payments Penalty taxes Early distributions, Tax on Early Distributions Excess accumulation, Tax on Excess Accumulation Pensions Defined, Pension. File taxes online free 2012 Disability pensions, Disability pensions. File taxes online free 2012 , Disability Pensions Types of, Types of pensions and annuities. File taxes online free 2012 Periodic payments Taxation of, Taxation of Periodic Payments Withholding tax, Periodic payments. File taxes online free 2012 Public safety officers insurance premiums, Insurance Premiums for Retired Public Safety Officers Public school employees Tax-sheltered annuity plans for (see 403(b) plans) Publications (see Tax help) Q Qualified domestic relations orders (QDROs), Qualified domestic relations order (QDRO). File taxes online free 2012 , Qualified domestic relations order (QDRO). File taxes online free 2012 Alternate payee under and lump-sum distribution, Alternate payee under qualified domestic relations order. File taxes online free 2012 Qualified employee annuities Defined, Qualified employee annuity. File taxes online free 2012 Simplified Method to be used, Who must use the Simplified Method. File taxes online free 2012 Qualified employee plans Defined, Qualified employee plan. File taxes online free 2012 Simplified Method to be used, Who must use the Simplified Method. File taxes online free 2012 Qualified plans, Who must use the General Rule. File taxes online free 2012 (see also specific type of plan ) Distribution before annuity starting date, Distribution Before Annuity Starting Date From a Qualified Plan General Rule, Who must use the General Rule. File taxes online free 2012 Loans from, without tax consequences, Exception for qualified plan, 403(b) plan, and government plan loans. File taxes online free 2012 Rollovers, Qualified retirement plan. File taxes online free 2012 Qualified settlement income Exxon Valdez litigation settlement, Qualified settlement income. File taxes online free 2012 R Railroad retirement benefits, Railroad Retirement Benefits, Repayment of benefits received in an earlier year. File taxes online free 2012 Taxability of, Withholding Tax and Estimated Tax Recapture tax Changes in distribution method, Recapture tax for changes in distribution method under equal payment exception. File taxes online free 2012 Reemployment, Reemployment. File taxes online free 2012 Related employers and related plans, Related employers and related plans. File taxes online free 2012 Repayment of loan within 5 years, Exception for qualified plan, 403(b) plan, and government plan loans. File taxes online free 2012 Required beginning date, Required beginning date. File taxes online free 2012 Required distributions, minimum, Recapture tax for changes in distribution method under equal payment exception. File taxes online free 2012 Retirement bonds, Retirement bonds. File taxes online free 2012 Rollovers, Rollovers, Choosing the right option. File taxes online free 2012 20% tax rate on distribution, Eligible rollover distribution. File taxes online free 2012 Comparison of direct payment vs. File taxes online free 2012 direct rollover (Table 1), Choosing the right option. File taxes online free 2012 Direct rollover to another qualified plan, Eligible rollover distribution. File taxes online free 2012 , Direct rollover option. File taxes online free 2012 In-plan Roth, In-plan Roth rollovers. File taxes online free 2012 Nonspouse beneficiary, Rollovers by nonspouse beneficiary. File taxes online free 2012 Nontaxable amounts, Rollover of nontaxable amounts. File taxes online free 2012 Notice to recipients of eligible rollover distribution, Written explanation to recipients. File taxes online free 2012 Property and cash distributed, Property and cash distributed. File taxes online free 2012 Roth IRAs, Rollovers to Roth IRAs. File taxes online free 2012 Substitution of other property, Rollovers of property. File taxes online free 2012 Surviving spouse making, Rollover by surviving spouse. File taxes online free 2012 S Section 457 deferred compensation plans, Section 457 Deferred Compensation Plans Securities of employer, distributions of, Distributions of employer securities. File taxes online free 2012 Self-employed persons' rollovers, Rollovers Simplified Method, Partly Taxable Payments, Simplified Method Death of retiree under, Survivors of retirees. File taxes online free 2012 How to use, How to use the Simplified Method. File taxes online free 2012 Investment in the contract, determination of, Cost (Investment in the Contract) Not allowed, Who cannot use the Simplified Method. File taxes online free 2012 Single-sum in connection with start of payments, Single-sum in connection with the start of annuity payments. File taxes online free 2012 Single-life annuities, Annuities for a single life. File taxes online free 2012 , Single-life annuity. File taxes online free 2012 Social security, tax on, Withholding Tax and Estimated Tax State employees Section 457 plans, Section 457 Deferred Compensation Plans State insurer delinquency proceedings, State insurer delinquency proceedings. File taxes online free 2012 Surviving spouse Distribution rules for, Distributions after the employee's death. File taxes online free 2012 Rollovers by, Rollover by surviving spouse. File taxes online free 2012 T Tables Comparison of direct payment vs. File taxes online free 2012 direct rollover (Table 1), Choosing the right option. File taxes online free 2012 Tax help, How To Get Tax Help Tax-free exchanges, Tax-free exchange. File taxes online free 2012 Ten percent tax for early withdrawal, Payment to you option. File taxes online free 2012 , Tax on Early Distributions Ten-year tax option, 10-Year Tax Option Time for making rollover, Time for making rollover. File taxes online free 2012 Transfers of annuity contracts, Transfers of Annuity Contracts TTY/TDD information, How To Get Tax Help U U. File taxes online free 2012 S. File taxes online free 2012 savings bonds Distribution of, Distribution of U. File taxes online free 2012 S. File taxes online free 2012 savings bonds. File taxes online free 2012 V Variable annuities, Variable annuities. File taxes online free 2012 , Variable Annuities Voluntary employee contributions, Deductible voluntary employee contributions. File taxes online free 2012 W Withdrawals, Withdrawals. File taxes online free 2012 Employees withdrawing contributions, Plans that permitted withdrawal of employee contributions. File taxes online free 2012 Withholding, Withholding Tax and Estimated Tax 10% rate used, Nonperiodic distributions. File taxes online free 2012 20% of eligible rollover, Withholding requirements. File taxes online free 2012 , Payment to you option. File taxes online free 2012 , 20% Mandatory withholding. File taxes online free 2012 Periodic payments, Periodic payments. File taxes online free 2012 Railroad retirement, Tax withholding. File taxes online free 2012 Worksheets Simplified Method, How to use the Simplified Method. File taxes online free 2012 Worksheet A, illustrated, Worksheet A. File taxes online free 2012 Simplified Method Worksheet for Bill Smith Worksheet A, Simplified Method, Worksheet A. File taxes online free 2012 Simplified Method Prev  Up     Home   More Online Publications