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Free 2010 Tax Amendment

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Free 2010 Tax Amendment

Free 2010 tax amendment Index Symbols 529 program (see Qualified tuition program (QTP)) A Academic period American opportunity credit, Academic period. Free 2010 tax amendment Lifetime learning credit, Academic period. Free 2010 tax amendment Student loan interest deduction, Academic period. Free 2010 tax amendment Tuition and fees deduction, Academic period. Free 2010 tax amendment Accountable plans, Accountable Plans, Allocating your reimbursements for meals. Free 2010 tax amendment Additional tax Coverdell ESA On excess contributions, Additional Tax on Excess Contributions, Figuring and reporting the additional tax. Free 2010 tax amendment On taxable distributions, Additional Tax on Taxable Distributions IRA distributions, education exception, Education Exception to Additional Tax on Early IRA Distributions Qualified tuition program (QTP), on taxable distributions, Additional Tax on Taxable Distributions Adjusted qualified education expenses (see Qualified education expenses) American opportunity credit Adjustments to qualified education expenses, Adjustments to Qualified Education Expenses Claiming dependent's expenses, Who Can Claim a Dependent's Expenses, Tuition reduction. Free 2010 tax amendment Tuition reduction, Tuition reduction. Free 2010 tax amendment Claiming the credit, Can You Claim the Credit, Who Cannot Claim the Credit, Claiming the Credit Qualifying to claim (Figure 2-1), Coordination with Coverdell ESA distributions, Figuring the Taxable Portion of a Distribution Coordination with qualified tuition program (QTP) distributions, Coordination With American Opportunity and Lifetime Learning Credits Eligible educational institution, Eligible educational institution. Free 2010 tax amendment Eligible student, Who Is an Eligible Student Requirements (Figure 2-2), Expenses qualifying for, What Expenses Qualify, Adjustments to Qualified Education Expenses Figuring the credit, Figuring the Credit Income level, effect on amount of credit, Effect of the Amount of Your Income on the Amount of Your Credit, Phaseout. Free 2010 tax amendment Income limits, Effect of the Amount of Your Income on the Amount of Your Credit, Phaseout. Free 2010 tax amendment Modified adjusted gross income (MAGI), Modified adjusted gross income (MAGI). Free 2010 tax amendment Worksheet 2-1, Claiming the Credit Overview of American opportunity credit (Table 2-1), Introduction Phaseout, Phaseout. Free 2010 tax amendment Qualified education expenses, Qualified Education Expenses Tax benefit of, What is the tax benefit of the American opportunity credit. Free 2010 tax amendment Armed Forces Health Professions Scholarship and Financial Assistance Program, Exceptions. Free 2010 tax amendment Assistance (see Tax help) Athletic scholarships, Athletic Scholarships B Bar review course, Bar or CPA Review Course Bonds, education savings (see Education savings bond program) Business deduction for work-related education, Business Deduction for Work-Related Education, Illustrated Example Accountable plans, Accountable Plans, Allocating your reimbursements for meals. Free 2010 tax amendment Adjustments to qualifying work-related education expenses, Adjustments to Qualifying Work-Related Education Expenses Allocating meal reimbursements, Allocating your reimbursements for meals. Free 2010 tax amendment Deductible education expenses, What Expenses Can Be Deducted, Adjustments to Qualifying Work-Related Education Expenses Deducting business expenses, Deducting Business Expenses, Impairment-Related Work Expenses Double benefit not allowed, No Double Benefit Allowed Education required by employer or by law, Education Required by Employer or by Law Education to maintain or improve skills, Education To Maintain or Improve Skills Education to meet minimum requirements, Education To Meet Minimum Requirements, Certification in a new state. Free 2010 tax amendment Education to qualify for new trade or business, Education That Qualifies You for a New Trade or Business, Teaching and Related Duties Excess expenses, accountable plan, Excess expenses. Free 2010 tax amendment , Allocating your reimbursements for meals. Free 2010 tax amendment Indefinite absence, Education during indefinite absence. Free 2010 tax amendment Maintaining skills vs. Free 2010 tax amendment qualifying for new job, Maintaining skills vs. Free 2010 tax amendment qualifying for new job. Free 2010 tax amendment Nonaccountable plans, Nonaccountable Plans Nondeductible expenses, Nondeductible expenses. Free 2010 tax amendment Qualified education expenses, What Expenses Can Be Deducted, Adjustments to Qualifying Work-Related Education Expenses Recordkeeping requirements, Recordkeeping, Examples of records to keep. Free 2010 tax amendment Reimbursements, treatment of, How To Treat Reimbursements, Reimbursements for nondeductible expenses. Free 2010 tax amendment Tax benefit of, What is the tax benefit of taking a business deduction for work-related education. Free 2010 tax amendment Tax-free educational assistance, Tax-free educational assistance. Free 2010 tax amendment Teachers, Requirements for Teachers, Teaching and Related Duties Temporary absence to acquire education, Education during temporary absence. Free 2010 tax amendment Transportation expenses, Transportation Expenses, Using your car. Free 2010 tax amendment Travel expenses, Travel Expenses C Cancellation of student loan (see Student loan cancellation) Candidate for a degree Scholarships and fellowships, Candidate for a degree. Free 2010 tax amendment Change of designated beneficiary Coverdell ESA, Changing the Designated Beneficiary Qualified tuition program, Changing the Designated Beneficiary Collapsed loans, Interest on refinanced student loans. Free 2010 tax amendment Comprehensive or bundled fees American opportunity credit, Comprehensive or bundled fees. Free 2010 tax amendment Lifetime learning credit, Comprehensive or bundled fees. Free 2010 tax amendment Tuition and fees deduction, Comprehensive or bundled fees. Free 2010 tax amendment Consolidated loans used to refinance student loans, Interest on refinanced student loans. Free 2010 tax amendment Conventions outside U. Free 2010 tax amendment S. Free 2010 tax amendment , Cruises and conventions. Free 2010 tax amendment Coverdell education savings account (ESA), Coverdell Education Savings Account (ESA), Figuring the Taxable Portion of a Distribution, Coordination With American Opportunity and Lifetime Learning Credits, Worksheet 7-3. Free 2010 tax amendment Coverdell ESA—Taxable Distributions and Basis Additional tax On excess contributions, Additional Tax on Excess Contributions, Figuring and reporting the additional tax. Free 2010 tax amendment On taxable distributions, Additional Tax on Taxable Distributions Assets to be distributed at age 30 or death of beneficiary, When Assets Must Be Distributed Contribution limits, Contribution Limits, Figuring the limit. Free 2010 tax amendment Figuring the limit (Worksheet 6-2), Figuring the limit. Free 2010 tax amendment Contributions to, Contributions, Figuring and reporting the additional tax. Free 2010 tax amendment Table 7-2, Contributions Coordination with American opportunity and lifetime learning credits, Coordination With American Opportunity and Lifetime Learning Credits Coordination with qualified tuition program (QTP), Coordination With Qualified Tuition Program (QTP) Distributions Defined, What Is a Coverdell ESA Distributions, Distributions, How To Figure the Taxable Earnings Overview (Table 7-3), Distributions Divorce, transfer due to, Transfer Because of Divorce Eligible educational institution, Eligible Educational Institution Figuring taxable portion of distribution, Figuring the Taxable Portion of a Distribution Worksheet 7-3, Worksheet 7-3. Free 2010 tax amendment Coverdell ESA—Taxable Distributions and Basis Figuring the taxable earnings in required distribution, How To Figure the Taxable Earnings Losses, Losses on Coverdell ESA Investments Modified adjusted gross income (MAGI), Modified adjusted gross income (MAGI). Free 2010 tax amendment , MAGI when using Form 1040NR-EZ. Free 2010 tax amendment Worksheet 6-1, Worksheet 7-1. Free 2010 tax amendment MAGI for a Coverdell ESA Overview (Table 6-1), Coverdell Education Savings Account (ESA) Qualified education expenses, Qualified Education Expenses, Qualified Elementary and Secondary Education Expenses Rollovers, Rollovers Tax benefit of, What is the tax benefit of the Coverdell ESA. Free 2010 tax amendment Tax-free distributions, Tax-Free Distributions Taxable distributions, Taxable Distributions, Figuring the additional tax. Free 2010 tax amendment Worksheet 7-3 to figure, Worksheet 7-3. Free 2010 tax amendment Coverdell ESA—Taxable Distributions and Basis Transfers, Rollovers CPA review course, Bar or CPA Review Course Credits American opportunity (see American opportunity credit) Lifetime learning (see Lifetime learning credit) Cruises, educational, Cruises and conventions. Free 2010 tax amendment D Deductions (see Business deduction for work-related education) Designated beneficiary Coverdell ESA, What Is a Coverdell ESA, Changing the Designated Beneficiary Qualified tuition program (QTP), Designated beneficiary. Free 2010 tax amendment , Changing the Designated Beneficiary Disabilities, persons with Impairment-related work expenses, Impairment-Related Work Expenses Distributions (see specific benefit ) Divorce Coverdell ESA transfer due to, Transfer Because of Divorce Expenses paid under decree American opportunity credit, Expenses paid by dependent. Free 2010 tax amendment Lifetime learning credit, Expenses paid by dependent. Free 2010 tax amendment Tuition and fees deduction, Expenses paid under divorce decree. Free 2010 tax amendment Double benefit not allowed American opportunity credit, No Double Benefit Allowed Lifetime learning credit, No Double Benefit Allowed Student loan interest deduction, No Double Benefit Allowed Tuition and fees deduction, No Double Benefit Allowed Work-related education, No Double Benefit Allowed E Early distributions from IRAs, Education Exception to Additional Tax on Early IRA Distributions, Reporting Early Distributions Eligible educational institution, Eligible educational institution. Free 2010 tax amendment Figuring amount not subject to 10% tax, Figuring the Amount Not Subject to the 10% Tax Qualified education expenses, Qualified education expenses. Free 2010 tax amendment Reporting, Reporting Early Distributions Education IRA (see Coverdell education savings account (ESA)) Education loans (see Student loan interest deduction) Education savings account (see Coverdell education savings account (ESA)) Education savings bond program Cashing in bonds tax free, Who Can Cash In Bonds Tax Free, MAGI when using Form 1040. Free 2010 tax amendment Claiming dependent's exemption, Dependent for whom you claim an exemption. Free 2010 tax amendment Claiming exclusion, Claiming the Exclusion Eligible educational institution, Eligible educational institution. Free 2010 tax amendment Figuring tax-free amount, Figuring the Tax-Free Amount Income level, effect on amount of exclusion, Effect of the Amount of Your Income on the Amount of Your Exclusion Modified adjusted gross income (MAGI), Modified adjusted gross income (MAGI). Free 2010 tax amendment , MAGI when using Form 1040. Free 2010 tax amendment Phaseout, Effect of the Amount of Your Income on the Amount of Your Exclusion Qualified education expenses, Qualified education expenses. Free 2010 tax amendment Educational assistance, employer-provided (see Employer-provided educational assistance) Eligible educational institution American opportunity credit, Eligible educational institution. Free 2010 tax amendment Cancellation of student loan, Eligible educational institution. Free 2010 tax amendment Coverdell ESA, Eligible Educational Institution Early distributions from IRAs, Eligible educational institution. Free 2010 tax amendment Education savings bond program, Eligible educational institution. Free 2010 tax amendment Lifetime learning credit, Eligible educational institution. Free 2010 tax amendment Qualified tuition program (QTP), Eligible educational institution. Free 2010 tax amendment Qualified tuition reduction, Qualified Tuition Reduction Scholarships and fellowships, Eligible educational institution. Free 2010 tax amendment , Eligible educational institution. Free 2010 tax amendment Student loan cancellation, Eligible educational institution. Free 2010 tax amendment Student loan interest deduction, Eligible educational institution. Free 2010 tax amendment Tuition and fees deduction, Eligible educational institution. Free 2010 tax amendment Eligible elementary or secondary school Coverdell ESA, Eligible elementary or secondary school. Free 2010 tax amendment Eligible student American opportunity credit, Who Is an Eligible Student Lifetime learning credit, Who Is an Eligible Student Student loan interest deduction, Eligible student. Free 2010 tax amendment Tuition and fees deduction, Who Is an Eligible Student Employees Deducting work-related education expenses, Employees Employer-provided educational assistance, Employer-Provided Educational Assistance, Working condition fringe benefit. Free 2010 tax amendment ESAs (see Coverdell education savings account (ESA)) Estimated tax, Reminders Excess contributions Coverdell ESA, Additional Tax on Excess Contributions, Figuring and reporting the additional tax. Free 2010 tax amendment Excess expenses, accountable plan, Excess expenses. Free 2010 tax amendment , Allocating your reimbursements for meals. Free 2010 tax amendment Expenses (see specific benefit ) F Family members, beneficiary Coverdell ESA, Members of the beneficiary's family. Free 2010 tax amendment Qualified tuition program (QTP), Members of the beneficiary's family. Free 2010 tax amendment Fee-basis officials, work-related education deduction, Performing Artists and Fee-Basis Officials Fellowships (see Scholarships and fellowships) Figures (see Tables and figures) Financial aid (see Scholarships and fellowships) Form 1098-E Student loan interest deduction, Loan origination fee. Free 2010 tax amendment , Form 1098-E. Free 2010 tax amendment Form 1098-T, Reminders American opportunity credit, Form 1098-T. Free 2010 tax amendment Lifetime learning credit, Form 1098-T. Free 2010 tax amendment Tuition and fees deduction, Form 1098-T. Free 2010 tax amendment Form 1099-Q Coverdell ESA, Exceptions. Free 2010 tax amendment , Earnings and basis. Free 2010 tax amendment Qualified tuition program (QTP), Earnings and return of investment. Free 2010 tax amendment Form 1099-R Early distributions from IRAs, Reporting Early Distributions Form 2106, 50% limit on meals. Free 2010 tax amendment , Form 2106 or 2106-EZ. Free 2010 tax amendment Form 2106-EZ, 50% limit on meals. Free 2010 tax amendment , Form 2106 or 2106-EZ. Free 2010 tax amendment , Using Form 2106-EZ. Free 2010 tax amendment Filled-in example, Form 5329 Coverdell ESA, Figuring the additional tax. Free 2010 tax amendment Early distributions from IRAs, Reporting Early Distributions Qualified tuition program (QTP), Figuring the additional tax. Free 2010 tax amendment Form 8815, MAGI when using Form 1040. Free 2010 tax amendment , Claiming the Exclusion Form 8863 Filled-in examples, Form 8917 Filled-in examples, Form W-9S, Form 1098-T. Free 2010 tax amendment , Form 1098-T. Free 2010 tax amendment , Form 1098-E. Free 2010 tax amendment , Form 1098-T. Free 2010 tax amendment Free tax services, Free help with your tax return. Free 2010 tax amendment Fulbright grants, Fulbright Grants G Glossary, Glossary. Free 2010 tax amendment , Glossary, Transfer: Graduate education tuition reduction, Graduate Education Grants Fulbright, Fulbright Grants Pell, Pell Grants and Other Title IV Need-Based Education Grants Title IV need-based education, Pell Grants and Other Title IV Need-Based Education Grants H Half-time student American opportunity credit, Enrolled at least half-time. Free 2010 tax amendment Coverdell ESA, Half-time student. Free 2010 tax amendment Early distributions from IRAs, Half-time student. Free 2010 tax amendment Student loan interest deduction, Enrolled at least half-time. Free 2010 tax amendment Help (see Tax help) I Illustrated example of education credits (Appendix A), Appendix A. Free 2010 tax amendment Illustrated Example of Education Credits, Impairment-related work expenses Work-related education deduction, Impairment-Related Work Expenses Individual retirement arrangements (IRAs), Coverdell Education Savings Account (ESA) Early distributions (see Early distributions from IRAs) L Lifetime learning credit, Differences between the American opportunity and lifetime learning credits. Free 2010 tax amendment Academic period, Academic period. Free 2010 tax amendment Adjustments to qualified education expenses, Adjustments to Qualified Education Expenses Claiming dependent's expenses, Who Can Claim a Dependent's Expenses Tuition reduction, Tuition reduction. Free 2010 tax amendment Claiming the credit, Can You Claim the Credit, Who Cannot Claim the Credit, Claiming the Credit Qualifying to claim (Figure 3-1), Coordination with Coverdell ESA distributions, Figuring the Taxable Portion of a Distribution, Coordination With American Opportunity and Lifetime Learning Credits Coordination with qualified tuition program (QTP) distributions, Coordination With American Opportunity and Lifetime Learning Credits Eligible educational institution, Eligible educational institution. Free 2010 tax amendment Eligible student, Who Is an Eligible Student Expenses qualifying for, What Expenses Qualify, Amounts that do not reduce qualified education expenses. Free 2010 tax amendment Figuring the credit, Figuring the Credit, Claiming the Credit Income level, effect on amount of credit, Effect of the Amount of Your Income on the Amount of Your Credit Income limits, Effect of the Amount of Your Income on the Amount of Your Credit Modified adjusted gross income (MAGI), Modified adjusted gross income (MAGI). Free 2010 tax amendment Worksheet 3-1, MAGI when using Form 1040. Free 2010 tax amendment Overview (Table 3-1), Table 3-1. Free 2010 tax amendment Overview of the Lifetime Learning Credit Phaseout, Phaseout. Free 2010 tax amendment Qualified education expenses, Qualified Education Expenses, Amounts that do not reduce qualified education expenses. Free 2010 tax amendment Qualifying to claim (Figure 3-1), Tax benefit of, What is the tax benefit of the lifetime learning credit. Free 2010 tax amendment Loans Cancellation (see Student loan cancellation) Capitalized interest on student loan, Capitalized interest. Free 2010 tax amendment Origination fees on student loan, Loan origination fee. Free 2010 tax amendment Qualified education expenses paid with American opportunity credit, Academic period. Free 2010 tax amendment Lifetime learning credit, Paid with borrowed funds. Free 2010 tax amendment Student loan repayment assistance, Student Loan Repayment Assistance Losses, deducting Coverdell ESA, Losses on Coverdell ESA Investments Qualified tuition program (QTP), Losses on QTP Investments Luxury water transportation, Cruises and conventions. Free 2010 tax amendment M Mileage deduction for work-related education, What's New, Using your car. Free 2010 tax amendment Military academy cadets, Payment to Service Academy Cadets Missing children, photographs of, Reminders Modified adjusted gross income (MAGI) American opportunity credit Worksheet 2-1, Claiming the Credit Coverdell ESA, Modified adjusted gross income (MAGI). Free 2010 tax amendment , MAGI when using Form 1040NR-EZ. Free 2010 tax amendment Worksheet 6-1, Worksheet 7-1. Free 2010 tax amendment MAGI for a Coverdell ESA Education savings bond program, Modified adjusted gross income (MAGI). Free 2010 tax amendment , MAGI when using Form 1040. Free 2010 tax amendment Lifetime learning credit, Modified adjusted gross income (MAGI). Free 2010 tax amendment Worksheet 3-1, MAGI when using Form 1040. Free 2010 tax amendment Student loan interest deduction, Modified adjusted gross income (MAGI). Free 2010 tax amendment Table 4-2, Table 4-2. Free 2010 tax amendment Effect of MAGI on Student Loan Interest Deduction Tuition and fees deduction, Modified adjusted gross income (MAGI). Free 2010 tax amendment Table 6-2, Table 6-2. Free 2010 tax amendment Effect of MAGI on Maximum Tuition and Fees Deduction Worksheet 6-1, Worksheet 6-1. Free 2010 tax amendment MAGI for the Tuition and Fees Deduction N National Health Service Corps Scholarship Program, Exceptions. Free 2010 tax amendment , Exceptions. Free 2010 tax amendment Nonaccountable plans Work-related education, Nonaccountable Plans P Pell grants, Pell Grants and Other Title IV Need-Based Education Grants, Coordination with Pell grants and other scholarships. Free 2010 tax amendment , Coordination with Pell grants and other scholarships. Free 2010 tax amendment Performing artists, work-related education deduction, Performing Artists and Fee-Basis Officials Phaseout American opportunity credit, Phaseout. Free 2010 tax amendment Education savings bond program, Effect of the Amount of Your Income on the Amount of Your Exclusion Lifetime learning credit, Phaseout. Free 2010 tax amendment Student loan interest deduction, Phaseout. Free 2010 tax amendment , Effect of the Amount of Your Income on the Amount of Your Deduction Publications (see Tax help) Q Qualified education expenses Adjustments to American opportunity credit, Adjustments to Qualified Education Expenses Coverdell ESA, Adjusted qualified education expenses. Free 2010 tax amendment Education savings bond program, Adjusted qualified education expenses. Free 2010 tax amendment Lifetime learning credit, Adjustments to Qualified Education Expenses Qualified tuition program (QTP), Adjusted qualified education expenses. Free 2010 tax amendment Student loan interest deduction, Adjustments to Qualified Education Expenses Tuition and fees deduction, Adjustments to Qualified Education Expenses Work-related education, Adjustments to Qualifying Work-Related Education Expenses American opportunity credit, Qualified Education Expenses, Adjustments to Qualified Education Expenses Coverdell ESA, Qualified Education Expenses, Qualified Elementary and Secondary Education Expenses Early distributions from IRAs, Qualified education expenses. Free 2010 tax amendment Education savings bond program, Qualified education expenses. Free 2010 tax amendment Expenses not qualified American opportunity credit, Expenses That Do Not Qualify, Comprehensive or bundled fees. Free 2010 tax amendment Lifetime learning credit, Expenses That Do Not Qualify Tuition and fees deduction, Expenses That Do Not Qualify Lifetime learning credit, Qualified Education Expenses, Amounts that do not reduce qualified education expenses. Free 2010 tax amendment Qualified tuition program (QTP), Qualified education expenses. Free 2010 tax amendment Scholarships and fellowships, Qualified education expenses. Free 2010 tax amendment Student loan interest deduction, Qualified Education Expenses Tuition and fees deduction, What Expenses Qualify, Adjustments to Qualified Education Expenses Work-related education, What Expenses Can Be Deducted, Adjustments to Qualifying Work-Related Education Expenses Qualified elementary and secondary education expenses Coverdell ESAs, Qualified Elementary and Secondary Education Expenses Qualified employer plans Student loan interest deduction not allowed, Qualified employer plan. Free 2010 tax amendment Qualified student loans, Qualified Student Loan, Qualified employer plan. Free 2010 tax amendment Qualified tuition program (QTP), Qualified Tuition Program (QTP), Changing the Designated Beneficiary Additional tax on taxable distributions, Additional Tax on Taxable Distributions Change of designated beneficiary, Changing the Designated Beneficiary Contributions to, How Much Can You Contribute Coordination with American opportunity and lifetime learning credits, Coordination With American Opportunity and Lifetime Learning Credits Coordination with Coverdell ESA distributions, Coordination With Coverdell ESA Distributions Defined, What Is a Qualified Tuition Program Eligible educational institution, Eligible educational institution. Free 2010 tax amendment Figuring taxable portion of distribution, Figuring the Taxable Portion of a Distribution, Losses on QTP Investments Losses, Losses on QTP Investments Qualified education expenses, Qualified education expenses. Free 2010 tax amendment Rollovers, Rollovers and Other Transfers, Changing the Designated Beneficiary Tax benefit of, What is the tax benefit of a QTP. Free 2010 tax amendment Taxability of distributions, Are Distributions Taxable, Figuring the additional tax. Free 2010 tax amendment Taxable earnings, Taxable earnings. Free 2010 tax amendment Transfers, Rollovers and Other Transfers, Changing the Designated Beneficiary Qualified tuition reduction, Qualified Tuition Reduction, How To Report Qualified U. Free 2010 tax amendment S. Free 2010 tax amendment savings bonds, Qualified U. Free 2010 tax amendment S. Free 2010 tax amendment savings bonds. Free 2010 tax amendment Qualifying work-related education, Qualifying Work-Related Education, Teaching and Related Duties Determining if qualified (Figure 11-1), R Recapture American opportunity credit, Credit recapture. Free 2010 tax amendment Lifetime learning credit, Credit recapture. Free 2010 tax amendment Tuition and fees deduction, Credit recapture. Free 2010 tax amendment Recordkeeping requirements Work-related education, Recordkeeping, Examples of records to keep. Free 2010 tax amendment Refinanced student loans, Interest on refinanced student loans. Free 2010 tax amendment , Refinanced Loan Reimbursements Nondeductible expenses, Reimbursements for nondeductible expenses. Free 2010 tax amendment Work-related education, How To Treat Reimbursements, Reimbursements for nondeductible expenses. Free 2010 tax amendment Related persons Coverdell ESA, Members of the beneficiary's family. Free 2010 tax amendment Qualified tuition program (QTP), Members of the beneficiary's family. Free 2010 tax amendment Student loan interest deduction, Related person. Free 2010 tax amendment Repayment programs (see Student loan repayment assistance) Reporting American opportunity credit, Claiming the Credit Coverdell ESA, Exceptions. Free 2010 tax amendment , Figuring and reporting the additional tax. Free 2010 tax amendment , Figuring the Taxable Portion of a Distribution, Figuring the additional tax. Free 2010 tax amendment Early distributions from IRAs, Reporting Early Distributions Education savings bond program, Claiming the Exclusion Lifetime learning credit, Claiming the Credit Qualified tuition program (QTP), Taxable earnings. Free 2010 tax amendment , Losses on QTP Investments, Rollovers Scholarships and fellowships, taxable, Reporting Scholarships and Fellowships Student loan interest deduction, Claiming the Deduction Tuition and fees deduction, Claiming the Deduction Tuition reduction, taxable, How To Report Work-related education expenses, Deducting Business Expenses, Impairment-Related Work Expenses Revolving lines of credit, interest on, Interest on revolving lines of credit. Free 2010 tax amendment Rollovers Coverdell ESA, Rollovers Qualified tuition program (QTP), Rollovers and Other Transfers, Changing the Designated Beneficiary S Scholarships and fellowships, Scholarships and Fellowships, Form 1040NR-EZ. Free 2010 tax amendment , Coordination with Pell grants and other scholarships. Free 2010 tax amendment , Coordination with Pell grants and other scholarships. Free 2010 tax amendment Athletic scholarships, Athletic Scholarships Eligible educational institution, Eligible educational institution. Free 2010 tax amendment , Eligible educational institution. Free 2010 tax amendment Figuring tax-free and taxable parts (Worksheet 1-1), Worksheet 1-1. Free 2010 tax amendment Qualified education expenses, Qualified education expenses. Free 2010 tax amendment Reporting, Reporting Scholarships and Fellowships Scholarship, defined, Scholarships and Fellowships Tax treatment of (Table 1-1), Tax-Free Scholarships and Fellowships Tax-free, Tax-Free Scholarships and Fellowships, Athletic Scholarships Taxable, Taxable Scholarships and Fellowships Section 501(c)(3) organizations (see Student loan cancellation) Section 529 program (see Qualified tuition program (QTP)) Self-employed persons Deducting work-related education expenses, Self-Employed Persons Service academy cadets, Payment to Service Academy Cadets Sports, games, hobbies, and noncredit courses American opportunity credit, Sports, games, hobbies, and noncredit courses. Free 2010 tax amendment Education savings bond program, Qualified education expenses. Free 2010 tax amendment Lifetime learning credit, Sports, games, hobbies, and noncredit courses. Free 2010 tax amendment Tuition and fees deduction, Sports, games, hobbies, and noncredit courses. Free 2010 tax amendment Standard mileage rate Work-related education, What's New, Using your car. Free 2010 tax amendment State prepaid education accounts (see Qualified tuition program (QTP)) Student loan cancellation, Student Loan Cancellation Eligible educational institution, Eligible educational institution. Free 2010 tax amendment Section 501(c)(3) organizations, Section 501(c)(3) organization. Free 2010 tax amendment Student loan interest deduction Academic period, Academic period. Free 2010 tax amendment Adjustments to qualified education expenses, Adjustments to Qualified Education Expenses Allocation between interest and principal, Allocating Payments Between Interest and Principal Claiming the deduction, Claiming the Deduction Eligible educational institution, Eligible educational institution. Free 2010 tax amendment Eligible student, Eligible student. Free 2010 tax amendment Figuring the deduction, Figuring the Deduction, Which Worksheet To Use Include as interest, Include As Interest Income level, effect on amount of deduction, Effect of the Amount of Your Income on the Amount of Your Deduction Loan repayment assistance, Do Not Include As Interest Modified adjusted gross income (MAGI), Modified adjusted gross income (MAGI). Free 2010 tax amendment , Which Worksheet To Use Table 4-2, Table 4-2. Free 2010 tax amendment Effect of MAGI on Student Loan Interest Deduction Not included as interest, Do Not Include As Interest Phaseout, Phaseout. Free 2010 tax amendment , Effect of the Amount of Your Income on the Amount of Your Deduction Qualified education expenses, Qualified Education Expenses Qualified employer plans, Qualified employer plan. Free 2010 tax amendment Qualified student loans, Qualified Student Loan, Qualified employer plan. Free 2010 tax amendment Reasonable period of time, Reasonable period of time. Free 2010 tax amendment Related persons, Related person. Free 2010 tax amendment Student loan interest, defined, Student Loan Interest Defined, When Must Interest Be Paid Third party interest payments, Interest paid by others. Free 2010 tax amendment When interest must be paid, When Must Interest Be Paid Worksheet 4-1, Worksheet 4-1. Free 2010 tax amendment Student Loan Interest Deduction Worksheet Student loan repayment assistance, Student Loan Repayment Assistance Surviving spouse Coverdell ESA transfer to, Exception for Transfer to Surviving Spouse or Family Member T Tables and figures American opportunity credit Eligible student requirements (Figure 2-2), Overview (Table 2-1), Introduction Qualifying to claim (Figure 2-1), Comparison of education tax benefits (Appendix B), Coverdell ESAs Contributions to (Table 7-2), Contribution Limits Distributions (Table 7-3), Distributions Overview (Table 6-1), Coverdell Education Savings Account (ESA) Education credits Overview of American opportunity credit (Table 2-1), Introduction Overview of lifetime learning credit (Table 3-1), Table 3-1. Free 2010 tax amendment Overview of the Lifetime Learning Credit Lifetime learning credit Overview (Table 3-1), Table 3-1. Free 2010 tax amendment Overview of the Lifetime Learning Credit Qualifying to claim (Figure 3-1), Scholarships and fellowships, taxability of (Table 1-1), Tax-Free Scholarships and Fellowships Student loan interest deduction MAGI, effect of (Table 4-2), Table 4-2. Free 2010 tax amendment Effect of MAGI on Student Loan Interest Deduction Overview (Table 4-1), Table 4-1. Free 2010 tax amendment Student Loan Interest Deduction at a Glance Summary chart of differences between education tax benefits (Appendix B), Tuition and fees deduction MAGI, effect of (Table 6-2), Table 6-2. Free 2010 tax amendment Effect of MAGI on Maximum Tuition and Fees Deduction Overview (Table 6-1), Table 6-1. Free 2010 tax amendment Tuition and Fees Deduction at a Glance Work-related education, qualifying (Figure 112-1), Tax help, How To Get Tax Help Tax-free educational assistance American opportunity credit, Tax-free educational assistance. Free 2010 tax amendment Coverdell ESA, Adjusted qualified education expenses. Free 2010 tax amendment Early distributions from IRAs, Figuring the Amount Not Subject to the 10% Tax Education savings bond program, Adjusted qualified education expenses. Free 2010 tax amendment Lifetime learning credit, Tax-free educational assistance. Free 2010 tax amendment Qualified tuition program (QTP), Adjusted qualified education expenses. Free 2010 tax amendment Tuition and fees deduction, Tax-free educational assistance. Free 2010 tax amendment Work-related education, Tax-free educational assistance. Free 2010 tax amendment Taxable scholarships and fellowships, Taxable Scholarships and Fellowships Teachers, Requirements for Teachers, Teaching and Related Duties Temporary-basis student, transportation expenses of, Temporary basis. Free 2010 tax amendment Title IV need-based education grants, Pell Grants and Other Title IV Need-Based Education Grants Transfers Coverdell ESA, Rollovers Qualified tuition program (QTP), Rollovers and Other Transfers, Changing the Designated Beneficiary Transportation expenses Work-related education, Transportation Expenses, Using your car. Free 2010 tax amendment Travel expenses 50% limit on meals, 50% limit on meals. Free 2010 tax amendment Not deductible as form of education, Travel as Education Work-related education, Travel Expenses TTY/TDD information, How To Get Tax Help Tuition and fees deduction, Tuition and Fees Deduction, Illustrated Example Academic period, Academic period. Free 2010 tax amendment Adjustments to qualified education expenses, Adjustments to Qualified Education Expenses Can you claim the deduction, Can You Claim the Deduction Claiming dependent's expenses, Who Can Claim a Dependent's Expenses Claiming the deduction, Claiming the Deduction Double benefit not allowed, No Double Benefit Allowed Eligible educational institution, Eligible educational institution. Free 2010 tax amendment Eligible student, Who Is an Eligible Student Expenses not qualifying for, Expenses That Do Not Qualify Expenses qualifying for, What Expenses Qualify, Adjustments to Qualified Education Expenses Figuring the deduction, Figuring the Deduction, MAGI when using Form 1040. Free 2010 tax amendment Income level, effect on amount of deduction, Effect of the Amount of Your Income on the Amount of Your Deduction Loan used to pay tuition and fees, Paid with borrowed funds. Free 2010 tax amendment Modified adjusted gross income (MAGI), Modified adjusted gross income (MAGI). Free 2010 tax amendment Table 6-2, Table 6-2. Free 2010 tax amendment Effect of MAGI on Maximum Tuition and Fees Deduction Worksheet 6-1, Worksheet 6-1. Free 2010 tax amendment MAGI for the Tuition and Fees Deduction Overview (Table 4-1), Table 4-1. Free 2010 tax amendment Student Loan Interest Deduction at a Glance Overview (Table 6-1), Table 6-1. Free 2010 tax amendment Tuition and Fees Deduction at a Glance Qualified education expenses, What Expenses Qualify, Adjustments to Qualified Education Expenses Qualifying for deduction, Can You Claim the Deduction Tax benefit of, What is the tax benefit of the tuition and fees deduction. Free 2010 tax amendment Tax-free educational assistance, Tax-free educational assistance. Free 2010 tax amendment Tuition reduction American opportunity credit, Tuition reduction. Free 2010 tax amendment Lifetime learning credit, Tuition reduction. Free 2010 tax amendment Qualified, Qualified Tuition Reduction, How To Report Tuition and fees deduction, Tuition reduction. Free 2010 tax amendment U U. Free 2010 tax amendment S. Free 2010 tax amendment savings bonds, Qualified U. Free 2010 tax amendment S. Free 2010 tax amendment savings bonds. Free 2010 tax amendment Unclaimed reimbursement Work-related education, Unclaimed reimbursement. Free 2010 tax amendment V Veterans' benefits, Veterans' Benefits Voluntary interest payments, Voluntary interest payments. Free 2010 tax amendment W Withholding, Analyzing your tax withholding. Free 2010 tax amendment Work-related education (see Business deduction for work-related education) Working condition fringe benefit, Working condition fringe benefit. Free 2010 tax amendment Worksheets Coverdell ESA Contribution limit (Worksheet 6-2), Figuring the limit. Free 2010 tax amendment MAGI, calculation of (Worksheet 6-1), Worksheet 7-1. Free 2010 tax amendment MAGI for a Coverdell ESA Taxable distributions and basis (Worksheet 6-3), Worksheet 7-3. Free 2010 tax amendment Coverdell ESA—Taxable Distributions and Basis Taxable distributions and basis (Worksheet 7-3), Worksheet 7-3. Free 2010 tax amendment Coverdell ESA—Taxable Distributions and Basis Lifetime learning credit MAGI calculation (Worksheet 3-1), MAGI when using Form 1040. Free 2010 tax amendment Scholarships and fellowships, taxable income (Worksheet 1-1), Worksheet 1-1. Free 2010 tax amendment Student loan interest deduction (Worksheet 4-1), Worksheet 4-1. Free 2010 tax amendment Student Loan Interest Deduction Worksheet Tuition and fees deduction, MAGI calculation (Worksheet 6-1), Worksheet 6-1. Free 2010 tax amendment MAGI for the Tuition and Fees Deduction Prev  Up     Home   More Online Publications
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The Free 2010 Tax Amendment

Free 2010 tax amendment Publication 597 - Main Content Table of Contents Application of Treaty Personal Services Pensions, Annuities, Social Security, and AlimonyRoth IRAs. Free 2010 tax amendment Tax-deferred plans. Free 2010 tax amendment Investment Income From Canadian Sources Other Income Charitable ContributionsQualified charities. Free 2010 tax amendment Income Tax Credits Competent Authority Assistance How To Get Tax HelpText of Treaty U. Free 2010 tax amendment S. Free 2010 tax amendment Taxation Canadian Taxation Application of Treaty The benefits of the income tax treaty are generally provided on the basis of residence for income tax purposes. Free 2010 tax amendment That is, a person who is recognized as a resident of the United States who has income from Canada, will often pay less income tax to Canada on that income than if no treaty was in effect. Free 2010 tax amendment Article IV provides definitions of residents of Canada and the United States, and provides specific criteria for applying the treaty in cases where a taxpayer is considered by both countries to be a resident. Free 2010 tax amendment Saving clause. Free 2010 tax amendment   In most instances, a treaty does not affect the right of a country to tax its own residents (including those who are U. Free 2010 tax amendment S. Free 2010 tax amendment citizens) or of the United States to tax its residents or citizens (including U. Free 2010 tax amendment S. Free 2010 tax amendment citizens who are residents of the foreign country). Free 2010 tax amendment This provision is known as the “saving clause. Free 2010 tax amendment ”   For example, an individual who is a U. Free 2010 tax amendment S. Free 2010 tax amendment citizen and a resident of Canada may have dividend income from a U. Free 2010 tax amendment S. Free 2010 tax amendment corporation. Free 2010 tax amendment The treaty provides a maximum rate of 15% on dividends received by a resident of Canada from sources in the United States. Free 2010 tax amendment Even though a resident of Canada, the individual is a U. Free 2010 tax amendment S. Free 2010 tax amendment citizen and the saving clause overrides the treaty article that limits the U. Free 2010 tax amendment S. Free 2010 tax amendment tax to 15%. Free 2010 tax amendment    Exceptions to the saving clause can be found in Article XXIX, paragraph 3. Free 2010 tax amendment Treaty-based position. Free 2010 tax amendment   If you take the position that any U. Free 2010 tax amendment S. Free 2010 tax amendment tax is overruled or otherwise reduced by a U. Free 2010 tax amendment S. Free 2010 tax amendment treaty (a treaty-based position), you generally must disclose that position on Form 8833, Treaty-Based Return Position Disclosure Under Section 6114 or 7701(b), and attach it to your return. Free 2010 tax amendment Personal Services A U. Free 2010 tax amendment S. Free 2010 tax amendment citizen or resident who is temporarily present in Canada during the tax year is exempt from Canadian income taxes on pay for services performed, or remittances received from the United States, if the citizen or resident qualifies under one of the treaty exemption provisions set out below. Free 2010 tax amendment Income from employment (Article XV). Free 2010 tax amendment   Income U. Free 2010 tax amendment S. Free 2010 tax amendment residents receive for the performance of dependent personal services in Canada (except as public entertainers) is exempt from Canadian tax if it is not more than $10,000 in Canadian currency for the year. Free 2010 tax amendment If it is more than $10,000 for the year, it is exempt only if: The residents are present in Canada for no more than 183 days in any 12-month period beginning or ending in the year concerned, and The income is not paid by, or on behalf of, a Canadian resident and is not borne by a permanent establishment in Canada. Free 2010 tax amendment    Whether there is a permanent establishment in Canada is determined by the rules set forth in Article V. Free 2010 tax amendment Example. Free 2010 tax amendment You are a U. Free 2010 tax amendment S. Free 2010 tax amendment resident employed under an 8-month contract with a Canadian firm to install equipment in their Montreal plant. Free 2010 tax amendment During the calendar year you were physically present in Canada for 179 days and were paid $16,500 (Canadian) for your services. Free 2010 tax amendment Although you were in Canada for not more than 183 days during the year, your income is not exempt from Canadian income tax because it was paid by a Canadian resident and was more than $10,000 (Canadian) for the year. Free 2010 tax amendment Pay received by a U. Free 2010 tax amendment S. Free 2010 tax amendment resident for work regularly done in more than one country as an employee on a ship, aircraft, motor vehicle, or train operated by a U. Free 2010 tax amendment S. Free 2010 tax amendment resident is exempt from Canadian tax. Free 2010 tax amendment Income from self-employment (Article VII). Free 2010 tax amendment   Income from services performed (other than those performed as an employee) are taxed in Canada if they are attributable to a permanent establishment in Canada. Free 2010 tax amendment This income is treated as business profits, and deductions similar to those allowed under U. Free 2010 tax amendment S. Free 2010 tax amendment law are allowable. Free 2010 tax amendment   If you carry on (or have carried on) business in both Canada and the United States, the business profits are attributable to each country based on the profits that the permanent establishment might be expected to make if it were a distinct and separate person engaged in the same or similar activities. Free 2010 tax amendment The business profits attributable to the permanent establishment include only those profits derived from assets used, risks assumed, and activities performed by the permanent establishment. Free 2010 tax amendment   You may be considered to have a permanent establishment if you meet certain conditions. Free 2010 tax amendment For more information, see Article V (Permanent Establishment) and Article VII (Business Profits). Free 2010 tax amendment Public entertainers (Article XVI). Free 2010 tax amendment   The provisions under income from employment or income from self-employment do not apply to public entertainers (such as theater, motion picture, radio, or television artistes, musicians, or athletes) from the United States who receive more than $15,000 in gross receipts in Canadian currency, including reimbursed expenses, from their entertainment activities in Canada during the calendar year. Free 2010 tax amendment However, this provision for public entertainers does not apply (and the other provisions will apply) to athletes participating in team sports in leagues with regularly scheduled games in both the United States and Canada. Free 2010 tax amendment Compensation paid by the U. Free 2010 tax amendment S. Free 2010 tax amendment Government (Article XIX). Free 2010 tax amendment   Wages, salaries, and similar income (other than pensions) paid to a U. Free 2010 tax amendment S. Free 2010 tax amendment citizen by the United States or any of its agencies, instrumentalities, or political subdivisions for discharging governmental functions are exempt from Canadian income tax. Free 2010 tax amendment   The exemption does not apply to pay for services performed in connection with any trade or business carried on for profit by the United States, or any of its agencies, instrumentalities, or political subdivisions. Free 2010 tax amendment Students and apprentices (Article XX). Free 2010 tax amendment   A full-time student, apprentice, or business trainee who is in Canada to study or acquire business experience is exempt from Canadian income tax on remittances received from any source outside Canada for maintenance, education, or training. Free 2010 tax amendment The recipient must be or must have been a U. Free 2010 tax amendment S. Free 2010 tax amendment resident immediately before visiting Canada. Free 2010 tax amendment   An apprentice or business trainee can claim this exemption only for a period of one year from the date the individual first arrived in Canada for the purpose of training. Free 2010 tax amendment Pensions, Annuities, Social Security, and Alimony Under Article XVIII, pensions and annuities from Canadian sources paid to U. Free 2010 tax amendment S. Free 2010 tax amendment residents are subject to tax by Canada, but the tax is limited to 15% of the gross amount (if a periodic pension payment) or of the taxable amount (if an annuity). Free 2010 tax amendment Canadian pensions and annuities paid to U. Free 2010 tax amendment S. Free 2010 tax amendment residents may be taxed by the United States, but the amount of any pension included in income for U. Free 2010 tax amendment S. Free 2010 tax amendment tax purposes may not be more than the amount that would be included in income in Canada if the recipient were a Canadian resident. Free 2010 tax amendment Pensions. Free 2010 tax amendment   A pension includes any payment under a pension or other retirement arrangement, Armed Forces retirement pay, war veterans pensions and allowances, and payments under a sickness, accident, or disability plan. Free 2010 tax amendment It includes pensions paid by private employers and the government for services rendered. Free 2010 tax amendment   Pensions also include payments from individual retirement arrangements (IRAs) in the United States, registered retirement savings plans (RRSPs) and registered retirement income funds (RRIFs) in Canada. Free 2010 tax amendment   Pensions do not include social security benefits. Free 2010 tax amendment Roth IRAs. Free 2010 tax amendment   A distribution from a Roth IRA is exempt from Canadian tax to the extent it would be exempt from U. Free 2010 tax amendment S. Free 2010 tax amendment tax if paid to a U. Free 2010 tax amendment S. Free 2010 tax amendment resident. Free 2010 tax amendment In addition, you may elect to defer any tax in Canada on income accrued within the Roth IRA but not distributed by the Roth IRA. Free 2010 tax amendment However, you cannot defer tax on any accruals due to contributions made after you become a Canadian resident. Free 2010 tax amendment Tax-deferred plans. Free 2010 tax amendment   Generally, income that accrues in a Canadian RRSP or RRIF is subject to U. Free 2010 tax amendment S. Free 2010 tax amendment tax, even if it is not distributed. Free 2010 tax amendment However, a U. Free 2010 tax amendment S. Free 2010 tax amendment citizen or resident can elect to defer U. Free 2010 tax amendment S. Free 2010 tax amendment tax on income from the plan until the income is distributed. Free 2010 tax amendment Form 8891 is used to make the election. Free 2010 tax amendment Annuities. Free 2010 tax amendment    An annuity is a stated sum payable periodically at stated times, during life, or during a specified number of years, under an obligation to make the payments in return for adequate and full consideration (other than services rendered). Free 2010 tax amendment Annuities do not include: Non-periodic payments, or An annuity the cost of which was deductible for tax purposes. Free 2010 tax amendment Special rules. Free 2010 tax amendment    Special rules apply to pensions and annuities with respect to: Short-term assignments, Cross-border commuters, and Individuals who participate in a Canadian qualifying plan. Free 2010 tax amendment Generally, distributions in such cases are deemed to be earned in the country in which the plan is established, without regard to where the services were rendered. Free 2010 tax amendment Social security benefits. Free 2010 tax amendment   U. Free 2010 tax amendment S. Free 2010 tax amendment social security benefits paid to a resident of Canada are taxed in Canada as if they were benefits under the Canada Pension Plan, except that 15% of the amount of the benefit is exempt from Canadian tax. Free 2010 tax amendment Alimony. Free 2010 tax amendment   Alimony and similar amounts (including child support payments) from Canadian sources paid to U. Free 2010 tax amendment S. Free 2010 tax amendment residents are exempt from Canadian tax. Free 2010 tax amendment For purposes of U. Free 2010 tax amendment S. Free 2010 tax amendment tax, these amounts are excluded from income to the same extent they would be excluded from income in Canada if the recipient was a Canadian resident. Free 2010 tax amendment Investment Income From Canadian Sources The treaty provides beneficial treatment for certain items of Canadian source income that result from an investment of capital. Free 2010 tax amendment Dividends (Article X). Free 2010 tax amendment   For Canadian source dividends received by U. Free 2010 tax amendment S. Free 2010 tax amendment residents, the Canadian income tax generally may not be more than 15%. Free 2010 tax amendment   A 5% rate applies to intercorporate dividends paid from a subsidiary to a parent corporation owning at least 10% of the subsidiary's voting stock. Free 2010 tax amendment However, a 10% rate applies if the payer of the dividend is a nonresident-owned Canadian investment corporation. Free 2010 tax amendment   These rates do not apply if the owner of the dividends carries on, or has carried on, a business in Canada through a permanent establishment and the holding on which the income is paid is effectively connected with that permanent establishment. Free 2010 tax amendment Interest (Article XI). Free 2010 tax amendment   Generally, Canadian source interest received by U. Free 2010 tax amendment S. Free 2010 tax amendment residents is exempt from Canadian income tax. Free 2010 tax amendment   The exemption does not apply if the owner of the interest carries on, or has carried on, a business in Canada through a permanent establishment and the debt on which the income is paid is effectively connected with that permanent establishment. Free 2010 tax amendment Gains from the sale of property (Article XIII). Free 2010 tax amendment   Generally, gains from the sale of personal property by a U. Free 2010 tax amendment S. Free 2010 tax amendment resident having no permanent establishment in Canada are exempt from Canadian income tax. Free 2010 tax amendment However, the exemption from Canadian tax does not apply to gains realized by U. Free 2010 tax amendment S. Free 2010 tax amendment residents on Canadian real property, and on personal property belonging to a permanent establishment in Canada. Free 2010 tax amendment   If the property subject to Canadian tax is a capital asset and was owned by the U. Free 2010 tax amendment S. Free 2010 tax amendment resident on September 26, 1980, not as part of the business property of a permanent establishment in Canada, generally the taxable gain is limited to the appreciation after 1984. Free 2010 tax amendment Royalties (Article XII). Free 2010 tax amendment   The following are exempt from Canadian tax: Copyright royalties and other like payments for the production or reproduction of any literary, dramatic, musical, or artistic work (other than payments for motion pictures and works on film, videotape, or other means of reproduction for use in connection with television, which may be taxed at 10%), Payments for the use of, or the right to use, computer software, Payments for the use of, or the right to use, any patent or any information concerning industrial, commercial, or scientific experience (but not within a rental or franchise agreement), and Payments for broadcasting as agreed to in an exchange of notes between the countries. Free 2010 tax amendment   This rate or exemption does not apply if the owner of the royalties carries on, or has carried on, a business in Canada through a permanent establishment and the right or property on which the income is paid is effectively connected with that permanent establishment. Free 2010 tax amendment   This exemption (or lower rate) does not apply to royalties to explore for or to exploit mineral deposits, timber, and other natural resources. Free 2010 tax amendment Other Income Generally, Canadian source income that is not specifically mentioned in the treaty, may be taxed by Canada. Free 2010 tax amendment Gambling losses. Free 2010 tax amendment   Canadian residents may deduct gambling losses in the U. Free 2010 tax amendment S. Free 2010 tax amendment against gambling winnings in the U. Free 2010 tax amendment S. Free 2010 tax amendment in the same manner as a U. Free 2010 tax amendment S. Free 2010 tax amendment resident. Free 2010 tax amendment Charitable Contributions United States income tax return. Free 2010 tax amendment   Under Article XXI, you may deduct contributions to certain qualified Canadian charitable organizations on your United States income tax return. Free 2010 tax amendment Besides being subject to the overall limits applicable to all your charitable contributions under U. Free 2010 tax amendment S. Free 2010 tax amendment tax law, your charitable contributions to Canadian organizations (other than contributions to a college or university at which you or a member of your family is or was enrolled) are subject to the U. Free 2010 tax amendment S. Free 2010 tax amendment percentage limits on charitable contributions, applied to your Canadian source income. Free 2010 tax amendment If your return does not include gross income from Canadian sources, charitable contributions to Canadian organizations are generally not deductible. Free 2010 tax amendment Example. Free 2010 tax amendment You are a U. Free 2010 tax amendment S. Free 2010 tax amendment citizen living in Canada. Free 2010 tax amendment You have both U. Free 2010 tax amendment S. Free 2010 tax amendment and Canadian source income. Free 2010 tax amendment During your tax year, you contribute to Canadian organizations that would qualify as charitable organizations under U. Free 2010 tax amendment S. Free 2010 tax amendment tax law if they were U. Free 2010 tax amendment S. Free 2010 tax amendment organizations. Free 2010 tax amendment To figure the maximum amount of the contribution to Canadian organizations that you can deduct on your U. Free 2010 tax amendment S. Free 2010 tax amendment income tax return, multiply your adjusted gross income from Canadian sources by the percentage limit that applies to contributions under U. Free 2010 tax amendment S. Free 2010 tax amendment income tax law. Free 2010 tax amendment Then include this amount on your return along with all your domestic charitable contributions, subject to the appropriate percentage limit required for contributions under U. Free 2010 tax amendment S. Free 2010 tax amendment income tax law. Free 2010 tax amendment The appropriate percentage limit for U. Free 2010 tax amendment S. Free 2010 tax amendment tax purposes is applied to your total adjusted gross income from all sources. Free 2010 tax amendment Qualified charities. Free 2010 tax amendment   These Canadian organizations must meet the qualifications that a U. Free 2010 tax amendment S. Free 2010 tax amendment charitable organization must meet under U. Free 2010 tax amendment S. Free 2010 tax amendment tax law. Free 2010 tax amendment Usually an organization will notify you if it qualifies. Free 2010 tax amendment For further information on charitable contributions and the U. Free 2010 tax amendment S. Free 2010 tax amendment percentage limits, see Publication 526, Charitable Contributions. Free 2010 tax amendment Canadian income tax return. Free 2010 tax amendment   Under certain conditions, contributions to qualified U. Free 2010 tax amendment S. Free 2010 tax amendment charitable organizations may also be claimed on your Canadian income tax return if you are a Canadian resident. Free 2010 tax amendment Income Tax Credits The treaty contains a credit provision (Article XXIV) for the elimination of double taxation. Free 2010 tax amendment In general, the United States and Canada both allow a credit against their income tax for the income tax paid to the other country on income from sources in that other country. Free 2010 tax amendment For detailed discussions of the U. Free 2010 tax amendment S. Free 2010 tax amendment income tax treatment of tax paid to foreign countries, see Publication 514, Foreign Tax Credit for Individuals. Free 2010 tax amendment See paragraphs (4) and (5) of Article XXIV for certain provisions that affect the computation of the credit allowed by the United States for Canadian income taxes paid by U. Free 2010 tax amendment S. Free 2010 tax amendment citizens residing in Canada. Free 2010 tax amendment Competent Authority Assistance Under Article XXVI, a U. Free 2010 tax amendment S. Free 2010 tax amendment citizen or resident may request assistance from the U. Free 2010 tax amendment S. Free 2010 tax amendment competent authority when the actions of Canada, the United States, or both, potentially result in double taxation or taxation contrary to the treaty. Free 2010 tax amendment The U. Free 2010 tax amendment S. Free 2010 tax amendment competent authority may then consult with the Canadian competent authority to determine if the double taxation or denial of treaty benefits in question can be avoided. Free 2010 tax amendment If the competent authorities are not able to reach agreement in a case, binding arbitration proceedings may apply. Free 2010 tax amendment It is important that your request for competent authority assistance be made as soon as you have been notified by either Canada or the United States of proposed adjustments that would result in denial of treaty benefits or in double taxation. Free 2010 tax amendment This is so that implementation of any agreement reached by the competent authorities is not barred by administrative, legal, or procedural barriers. Free 2010 tax amendment For information that you should include with your request for competent authority assistance, see Revenue Procedure 2006-54, 2006-49 IRB 1035, available at www. Free 2010 tax amendment irs. Free 2010 tax amendment gov/irb/2006-49_IRB/ar13. Free 2010 tax amendment html. Free 2010 tax amendment The request should be addressed to:  Deputy Commissioner (International) Large Business and International Division Attn: Office of Tax Treaty  Internal Revenue Service 1111 Constitution Ave. Free 2010 tax amendment , NW Routing: MA3-322A Washington, D. Free 2010 tax amendment C. Free 2010 tax amendment 20024 In addition to a timely request for assistance, you should take the following measures: File a timely protective claim for credit or refund of U. Free 2010 tax amendment S. Free 2010 tax amendment taxes on Form 1040X, Form 1120X, or amended Form 1041, whichever is appropriate. Free 2010 tax amendment This will, among other things, give you the benefit of a foreign tax credit in case you do not qualify for the treaty benefit in question. Free 2010 tax amendment For figuring this credit, attach either Form 1116, Foreign Tax Credit (Individual, Estate, or Trust), or Form 1118, Foreign Tax Credit — Corporations, as appropriate. Free 2010 tax amendment Attach your protective claim to your request for competent authority assistance. Free 2010 tax amendment Take appropriate action under Canadian procedures to avoid the lapse or termination of your right of appeal under Canadian income tax law. Free 2010 tax amendment 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 and the Canada Revenue Agency in several ways. Free 2010 tax amendment Text of Treaty You can get the text of the U. Free 2010 tax amendment S. Free 2010 tax amendment —Canada income tax treaty from: Superintendent of Documents U. Free 2010 tax amendment S. Free 2010 tax amendment Government Printing Office P. Free 2010 tax amendment O. Free 2010 tax amendment Box 371954 Pittsburgh, PA 15250-7954 The treaty can also be found on the Internet at IRS. Free 2010 tax amendment gov. Free 2010 tax amendment U. Free 2010 tax amendment S. Free 2010 tax amendment Taxation During the filing season, the IRS conducts a taxpayer assistance program in Canada. Free 2010 tax amendment To find out if IRS personnel will be in your area, you should contact the consular office at the nearest U. Free 2010 tax amendment S. Free 2010 tax amendment Embassy or consulate. Free 2010 tax amendment Mail. Free 2010 tax amendment For answers to technical or account questions, you can write to:   Internal Revenue Service International Section Philadelphia, PA 19255-0525 Phone. Free 2010 tax amendment You can call the IRS for help at (267) 941-1000 (not a toll-free call). Free 2010 tax amendment Canadian Taxation You can get information on Canadian taxation from the Canada Revenue Agency. Free 2010 tax amendment The International Tax Services Office can be contacted on 1-800-267-5177 (from anywhere in Canada and the U. Free 2010 tax amendment S. Free 2010 tax amendment ) or on the Internet at www. Free 2010 tax amendment cra-arc. 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