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H&r Block Tax Estimator

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H&r Block Tax Estimator

H&r block tax estimator Index Symbols 30% Tax, The 30% Tax , Residents of Canada or Mexico engaged in transportation-related employment. H&r block tax estimator , Students, teachers, and researchers. H&r block tax estimator A Accuracy-related penalties, Accuracy-related penalty. H&r block tax estimator Additional Medicare Tax, Additional Medicare Tax. H&r block tax estimator , Additional Medicare Tax. H&r block tax estimator Adoption credit Dual-status alien, Adoption credit. H&r block tax estimator Nonresident alien, Adoption credit. H&r block tax estimator Resident alien, Adoption credit. H&r block tax estimator Agricultural workers, Agricultural workers. H&r block tax estimator , Agricultural Workers Alien Nonresident, Nonresident Aliens, Nonresident Aliens, Nonresident Aliens Resident, Resident Aliens, Resident Aliens, Resident Aliens Alien status, employer notification of, Notification of Alien Status Alternative minimum tax, Alternative minimum tax. H&r block tax estimator Amended returns, Amended Returns and Claims for Refund American Samoa, residents of, Aliens From American Samoa or Puerto Rico, Special rules for aliens from certain U. H&r block tax estimator S. H&r block tax estimator possessions. H&r block tax estimator , Bona Fide Residents of American Samoa or Puerto Rico Annuities Income, Income from certain annuities. H&r block tax estimator Source rule, Pensions and Annuities Asset-use test, Asset-use test. H&r block tax estimator Assistance (see Tax help) Athletes, professional, Professional athletes. H&r block tax estimator Awards, Scholarships, Grants, Prizes, and Awards B Basis of property, Depreciable property. H&r block tax estimator Beneficiary of estate or trust, Beneficiary of an estate or trust. H&r block tax estimator Business expenses, ordinary and necessary, Ordinary and necessary business expenses. H&r block tax estimator Business operations, Business operations. H&r block tax estimator Business profits and losses and sales transactions, Business Profits and Losses and Sales Transactions Business, U. H&r block tax estimator S. H&r block tax estimator , Trade or Business in the United States Business-activities test, Business-activities test. H&r block tax estimator C Canada Commuters, Regular commuters from Canada or Mexico. H&r block tax estimator Exemptions, Exemptions Personal exemption, Resident Aliens Qualifying widow filing status, Qualifying widow(er). H&r block tax estimator Residents of, Residents of Mexico or Canada or U. H&r block tax estimator S. H&r block tax estimator nationals. H&r block tax estimator Social security benefits, Special Rule for Canadian and German Social Security Benefits Transportation-related employment, Residents of Canada or Mexico engaged in transportation-related employment. H&r block tax estimator Withholding tax, U. H&r block tax estimator S. H&r block tax estimator nationals or residents of Canada, Mexico, or South Korea. H&r block tax estimator Capital assets, sales or exchanges, Sales or Exchanges of Capital Assets Casualty and theft losses, Casualty and theft losses. H&r block tax estimator Central withholding agreements, Central withholding agreements. H&r block tax estimator Charitable contributions, Charitable contributions. H&r block tax estimator Child and dependent care credit Dual-status alien, Child and dependent care credit. H&r block tax estimator Nonresident alien, Child and dependent care credit. H&r block tax estimator Resident alien, Child and dependent care credit. H&r block tax estimator Child tax credit Resident alien, Child tax credit. H&r block tax estimator , Child tax credit. H&r block tax estimator , Child tax credit. 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H&r block tax estimator Expatriation tax, Expatriation Before June 4, 2004 F Fellowship grant Excludable, Scholarships and Fellowship Grants Source rule, Scholarships, Grants, Prizes, and Awards Withholding tax, Withholding on Scholarships and Fellowship Grants Filing requirements, Nonresident Aliens Filing returns, Figuring Your Tax Amended returns, Amended Returns and Claims for Refund Claims for refund, Amended Returns and Claims for Refund Commonwealth of the Northern Mariana Islands, Aliens from Guam or the Commonwealth of the Northern Mariana Islands. H&r block tax estimator Dual-status taxpayer, Forms To File Estimated tax, When to pay estimated tax. H&r block tax estimator Form 1040-C, Form 1040-C Form 1040NR, Figuring Your Tax, Nonresident Aliens Form 1040NR-EZ, Figuring Your Tax, Form 1040NR-EZ Form 2063, Form 2063 Guam, Aliens from Guam or the Commonwealth of the Northern Mariana Islands. H&r block tax estimator Nonresident alien, Figuring Your Tax U. H&r block tax estimator S. H&r block tax estimator Virgin Islands, Aliens from the U. H&r block tax estimator S. H&r block tax estimator Virgin Islands. H&r block tax estimator Who must file, Nonresident Aliens Filing status, Filing Status First-year choice, First-Year Choice Fixed or determinable income, Fixed or Determinable Income Foreign country, Foreign country. H&r block tax estimator Foreign earned income exclusion, Foreign Earned Income and Housing Amount Foreign employer, Employees of foreign persons, organizations, or offices. H&r block tax estimator , Foreign employer. H&r block tax estimator Foreign government employees Alien status, Foreign government-related individuals. H&r block tax estimator Exempt from U. H&r block tax estimator S. H&r block tax estimator tax, Employees of Foreign Governments and International Organizations Tax treaty exemption, Employees of Foreign Governments Foreign income subject to U. H&r block tax estimator S. 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H&r block tax estimator 4790 (see FinCEN 105) 6251, Alternative minimum tax. H&r block tax estimator 8233, Employees and independent contractors. H&r block tax estimator 8275, Disclosure statement. H&r block tax estimator 8288, Credit for tax withheld. H&r block tax estimator 8288-A, Credit for tax withheld. H&r block tax estimator 8288-B, Withholding certificates. H&r block tax estimator 8801, Credit for prior year minimum tax. H&r block tax estimator 8805, Tax Withheld on Partnership Income, Tax Withheld on Real Property Sales 8833, Effect of Tax Treaties, Resident Aliens 8840, Form 8840. H&r block tax estimator 8843, Form 8843. H&r block tax estimator 8854, Reporting requirements. H&r block tax estimator FinCEN 105, Other Forms You May Have To File W-4, Withholding on Wages, Alternate Withholding Procedure, Form W-4. H&r block tax estimator W-7, Individual taxpayer identification number (ITIN). H&r block tax estimator W-8BEN, Income Entitled to Tax Treaty Benefits W-8ECI, Withholding on Pensions W-9, Notification of Alien Status Forms to file Dual-status alien, Forms To File Nonresident aliens, Nonresident Aliens Resident alien, Resident Aliens Sailing permits, Forms To File Free tax services, Free help with your tax return. H&r block tax estimator G Gambling winnings, dog or horse racing, Gambling Winnings From Dog or Horse Racing German social security benefits, Special Rule for Canadian and German Social Security Benefits Green card test, Green Card Test H Head of household Nonresident alien, Head of household. H&r block tax estimator Resident alien, Head of household. H&r block tax estimator Help (see Tax help) Home, sale of, Gain From the Sale of Your Main Home Household employees, Household employees. H&r block tax estimator I Identification number, taxpayer Defined, Identification Number Penalty for failure to supply, Failure to supply taxpayer identification number. 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H&r block tax estimator sources, Source of Income Dividends, Dividends Interest, Interest Income Pensions and annuities, Pensions and Annuities Personal property, Personal Property Personal services, Personal Services Real property, Real Property Rents or royalties, Rents or Royalties Independent contractors Withholding exemption under tax treaty, Employees and independent contractors. H&r block tax estimator Withholding rules, Independent Contractors India, students and business apprentices from Exemptions, Students and business apprentices from India. H&r block tax estimator Exemptions for spouse and dependents, Students and business apprentices from India. H&r block tax estimator Standard deduction, Students and business apprentices from India. H&r block tax estimator Withholding allowances, Students and business apprentices from India. H&r block tax estimator Individual retirement arrangement (IRA), Individual retirement arrangement (IRA). 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The H&r Block Tax Estimator

H&r block tax estimator Publication 3402 - Main Content Table of Contents What is a Limited Liability Company? Classification of an LLC LLCs Classified as Partnerships LLCs Classified as Disregarded Entities LLCs Classified as Corporations Subsequent Elections How To Get More InformationInternal Revenue Service Small Business Administration Other Federal Agencies What is a Limited Liability Company? For purposes of this publication, a limited liability company (LLC) is a business entity organized in the United States under state law. H&r block tax estimator Unlike a partnership, all of the members of an LLC have limited personal liability for its debts. H&r block tax estimator An LLC may be classified for federal income tax purposes as a partnership, corporation, or an entity disregarded as separate from its owner by applying the rules in Regulations section 301. H&r block tax estimator 7701-3. H&r block tax estimator The information in this publication applies to LLCs in general, and different rules may apply to special situations, including banks, insurance companies, or nonprofit organizations that are LLCs or that own LLCs. H&r block tax estimator Check your state's requirements and the federal tax regulations for further information. H&r block tax estimator Classification of an LLC Default classification rules. H&r block tax estimator   An LLC with at least two members is classified as a partnership for federal income tax purposes. H&r block tax estimator An LLC with only one member is treated as an entity disregarded as separate from its owner for income tax purposes (but as a separate entity for purposes of employment tax and certain excise taxes). H&r block tax estimator Also, an LLC's federal tax classification can subsequently change under certain default rules discussed later. H&r block tax estimator Elected classification. H&r block tax estimator   If an LLC does not choose to be classified under the above default classifications, it can elect to be classified as an association taxable as a corporation or as an S corporation. H&r block tax estimator After an LLC has determined its federal tax classification, it can later elect to change that classification. H&r block tax estimator For details, see Subsequent Elections, later. H&r block tax estimator LLCs Classified as Partnerships If an LLC has at least two members and is classified as a partnership, it generally must file Form 1065, U. H&r block tax estimator S. H&r block tax estimator Return of Partnership Income. H&r block tax estimator Generally, an LLC classified as a partnership is subject to the same filing and reporting requirements as partnerships. H&r block tax estimator For certain purposes, members of an LLC are treated as limited partners in a limited partnership. H&r block tax estimator For example, LLC members are treated as limited partners for purposes of material participation under the passive activity limitation rules (see Temporary Regulation section 1. H&r block tax estimator 469-5T(e)). H&r block tax estimator See the Instructions for Form 1065 for reporting rules that apply specifically to LLCs. H&r block tax estimator Member manager. H&r block tax estimator   Only a member manager of an LLC can sign the partnership tax return. H&r block tax estimator And only a member manager can represent the LLC as the tax matters partner under the consolidated audit proceedings in sections 6221 through 6234. H&r block tax estimator A member manager is any owner of an interest in the LLC who, alone or together with others, has the continuing authority to make the management decisions necessary to conduct the business for which the LLC was formed. H&r block tax estimator If there are no elected or designated member managers, each owner is treated as a member manager. H&r block tax estimator Change in default classification. H&r block tax estimator   If the number of members in an LLC classified as a partnership is reduced to only one member, it becomes an entity disregarded as separate from its owner under Regulations section 301. H&r block tax estimator 7701-3(f)(2). H&r block tax estimator However, if the LLC has made an election to be classified as a corporation (discussed later) and that elective classification is in effect at the time of the change in membership, the default classification as a disregarded entity will not apply. H&r block tax estimator   Other tax consequences of a change in membership, such as recognition of gain or loss, are determined by the transactions through which an interest in the LLC is acquired or disposed of. H&r block tax estimator If a partnership that becomes a disregarded entity as a result of a decrease in the number of members makes an election to be classified as a corporation, the applicable deemed transactions discussed under Subsequent Elections, later, apply. H&r block tax estimator Example 1. H&r block tax estimator Ethel and Francis are members of an LLC classified as a partnership for federal tax purposes. H&r block tax estimator Each holds an equal membership interest. H&r block tax estimator The LLC does not hold any unrealized receivables or substantially appreciated inventory. H&r block tax estimator Ethel sells her entire interest in the LLC to Francis for $10,000. H&r block tax estimator After the sale, the business is continued by the LLC, which is owned solely by Francis. H&r block tax estimator No entity classification election is made after the sale to treat the LLC as a corporation for federal tax purposes. H&r block tax estimator The partnership terminates when Francis buys Ethel's entire interest. H&r block tax estimator Ethel must treat the transaction as the sale of a partnership interest and must report gain or loss, if any, resulting from the sale of her partnership interest. H&r block tax estimator For purposes of determining the tax treatment of Francis, the partnership is deemed to make a liquidating distribution of all of its assets to Ethel and Francis, and after this distribution, Francis is treated as acquiring the assets deemed to have been distributed to Ethel in liquidation of Ethel's partnership interest. H&r block tax estimator Francis's basis in the assets attributable to Ethel's one-half interest in the partnership is $10,000, the purchase price for Ethel's partnership interest. H&r block tax estimator Upon the termination of the partnership, Francis is considered to receive a distribution of those assets attributable to Francis's former interest in the partnership. H&r block tax estimator Francis must recognize gain or loss, if any, on the deemed distribution of the assets to the extent required by Internal Revenue Code section 731(a). H&r block tax estimator See Partnership Distributions in Publication 541. H&r block tax estimator Example 2. H&r block tax estimator George and Henrietta are members of an LLC classified as a partnership for federal tax purposes. H&r block tax estimator Each holds an equal membership interest. H&r block tax estimator The LLC does not hold any unrealized receivables or substantially appreciated inventory. H&r block tax estimator George and Henrietta each sell their entire interests in the LLC to Ian, an unrelated person, in exchange for $10,000. H&r block tax estimator After the sale, the business is continued by the LLC, which is owned solely by Ian. H&r block tax estimator No entity classification election is made after the sale to treat the LLC as a corporation for federal tax purposes. H&r block tax estimator The partnership terminates when Ian purchases the entire interests of George and Henrietta in the LLC. H&r block tax estimator George and Henrietta must report gain or loss, if any, resulting from the sale of their partnership interests. H&r block tax estimator For purposes of classifying the acquisition by Ian, the partnership is deemed to make a liquidating distribution of its assets to George and Henrietta. H&r block tax estimator Immediately following this distribution, Ian is deemed to acquire, by purchase, all of the former partnership's assets. H&r block tax estimator   For more details on the preceding two examples, see Revenue Ruling 99-6, 1999-6 I. H&r block tax estimator R. H&r block tax estimator B. H&r block tax estimator 6. H&r block tax estimator You can find Revenue Ruling 99-6 at www. H&r block tax estimator irs. H&r block tax estimator gov/pub/irs-irbs/irb99-06. H&r block tax estimator pdf. H&r block tax estimator LLCs Classified as Disregarded Entities If an LLC has only one member and is classified as an entity disregarded as separate from its owner, its income, deductions, gains, losses, and credits are reported on the owner's income tax return. H&r block tax estimator For example, if the owner of the LLC is an individual, the LLC's income and expenses would be reported on the following schedules filed with the owner's Form 1040: Schedule C, Profit or Loss from Business (Sole Proprietorship); Schedule C-EZ, Net Profit From Business (Sole Proprietorship); Schedule E, Supplemental Income and Loss; or Schedule F, Profit or Loss From Farming. H&r block tax estimator Employment tax and certain excise taxes. H&r block tax estimator   A single-member LLC that is classified as a disregarded entity for income tax purposes is treated as a separate entity for purposes of employment tax and certain excise taxes. H&r block tax estimator For wages paid after January 1, 2009, the single-member LLC is required to use its name and employer identification number (EIN) for reporting and payment of employment taxes. H&r block tax estimator A single-member LLC is also required to use its name and EIN to register for excise tax activities on Form 637; pay and report excise taxes reported on Forms 720, 730, 2290, and 11-C; and claim any refunds, credits, and payments on Form 8849. H&r block tax estimator See the employment and excise tax returns for more information. H&r block tax estimator Self-employment tax rule for disregarded entity LLCs. H&r block tax estimator   An individual owner of a single-member LLC classified as a disregarded entity is not an employee of the LLC. H&r block tax estimator Instead, the owner is subject to tax on the net earnings from self-employment of the LLC which is treated in the same manner as a sole-proprietorship. H&r block tax estimator Example 3. H&r block tax estimator LLC is a disregarded entity owned by Irene. H&r block tax estimator LLC has three employees (Kent, Patricia, and Tex) and pays wages. H&r block tax estimator LLC is treated as an entity separate from its owner for purposes of employment taxes. H&r block tax estimator For the wages paid to Kent, Patricia, and Tex, LLC is liable for income tax withholding, Federal Insurance Contributions Act (FICA) taxes, and Federal Unemployment Tax Act (FUTA) taxes. H&r block tax estimator In addition, LLC must file under its name and EIN the applicable employment tax returns; make timely employment tax deposits; and file with the Social Security Administration and furnish to LLC's employees (Kent, Patricia, and Tex) Forms W-2, Wage and Tax Statement. H&r block tax estimator Irene is self-employed for purposes of the self-employment tax. H&r block tax estimator Thus, Irene is subject to self-employment tax on her net earnings from self-employment with respect to LLC's activities. H&r block tax estimator Irene is not an employee of LLC for purposes of employment taxes. H&r block tax estimator Because LLC is treated as a sole proprietorship of Irene for income tax purposes, Irene must report the income and expenses from LLC on her Schedule C. H&r block tax estimator Irene will figure the tax due on her net earnings from self-employment on Schedule SE. H&r block tax estimator Irene can also deduct one-half of her self-employment tax on line 27 of her Form 1040. H&r block tax estimator Taxpayer identification number. H&r block tax estimator   For all income tax purposes, a single-member LLC classified as a disregarded entity must use the owner's social security number (SSN) or EIN. H&r block tax estimator This includes all information returns and reporting related to income tax. H&r block tax estimator For example, if a disregarded entity LLC that is owned by an individual is required to provide a Form W-9, Request for Taxpayer Identification Number and Certification, the LLC must provide the owner's SSN or EIN, not the LLC's EIN. H&r block tax estimator   However, most new single-member LLCs classified as a disregarded entity will need to obtain an EIN for the LLC. H&r block tax estimator An LLC will need an EIN if it has any employees or if it will be required to file any of the excise tax forms listed above (see Employment tax and certain excise taxes earlier). H&r block tax estimator See Form SS-4, Application for Employer Identification Number, for information on applying for an EIN. H&r block tax estimator Change in default classification. H&r block tax estimator   If a single-member LLC classified as a disregarded entity for income tax purposes acquires an additional member, it becomes a partnership under Regulations section 301. H&r block tax estimator 7701-3(f)(2). H&r block tax estimator However, if the LLC has made an election to be classified as a corporation (discussed later) and that elective classification is in effect at the time of the change in membership, the default classification as a partnership will not apply. H&r block tax estimator   Other tax consequences of a change in membership, such as recognition of gain or loss, are determined by the transactions through which an interest in the LLC is acquired or disposed of. H&r block tax estimator If a disregarded entity that becomes a partnership as a result of an increase in the number of members makes an election to be classified as a corporation, the applicable deemed transactions discussed in Subsequent Elections, later, apply. H&r block tax estimator Example 4. H&r block tax estimator Bart, who is not related to Alain, buys 50% of Alain's interest in an LLC that is a disregarded entity for $5,000. H&r block tax estimator Alain does not contribute any portion of the $5,000 to the LLC. H&r block tax estimator Alain and Bart continue to operate the business of the LLC as co-owners of the LLC. H&r block tax estimator The LLC is converted to a partnership when the new member, Bart, buys an interest in the disregarded entity from the owner, Alain. H&r block tax estimator Bart's buying a 50% interest in Alain's ownership interest in the LLC is treated as Bart's buying a 50% interest in each of the LLC's assets, which are treated as owned directly by Alain for federal income tax purposes. H&r block tax estimator Immediately thereafter, Alain and Bart are treated as contributing their respective interests in those assets to a partnership in exchange for ownership interests in the partnership. H&r block tax estimator Alain recognizes gain or loss from the deemed sale to Bart of the 50% interest in the assets. H&r block tax estimator Neither Alain nor Bart recognizes any gain or loss as a result of the deemed contribution of the assets to the partnership. H&r block tax estimator Example 5. H&r block tax estimator Charles, who is not related to Danielle, contributes $10,000 to an LLC owned by Danielle for a 50% ownership interest in the LLC. H&r block tax estimator The LLC uses all of the contributed cash in its business. H&r block tax estimator Charles and Danielle continue to operate the business of the LLC as co-owners of the LLC. H&r block tax estimator The LLC is converted from a disregarded entity to a partnership when Charles contributes cash to the LLC. H&r block tax estimator Charles's contribution is treated as a contribution to a partnership in exchange for an ownership interest in the partnership. H&r block tax estimator Danielle is treated as contributing all of the assets of the LLC to the partnership in exchange for a partnership interest. H&r block tax estimator Neither Charles nor Danielle recognizes gain or loss as a result of the conversion of the disregarded entity to a partnership. H&r block tax estimator   For more details on the preceding two examples, see Revenue Ruling 99-5, 1999-6 I. H&r block tax estimator R. H&r block tax estimator B. H&r block tax estimator 8. H&r block tax estimator You can find Revenue Ruling 99-5 at www. H&r block tax estimator irs. H&r block tax estimator gov/pub/irs-irbs/irb99-06. H&r block tax estimator pdf. H&r block tax estimator LLCs Classified as Corporations An LLC with either a single member or more than one member can elect to be classified as a corporation rather than be classified as a partnership or disregarded entity under the default rules discussed earlier. H&r block tax estimator File Form 8832, Entity Classification Election, to elect classification as a C corporation. H&r block tax estimator File Form 2553, Election by a Small Business Corporation, to elect classification as an S corporation. H&r block tax estimator LLCs electing classification as an S corporation are not required to file Form 8832 to elect classification as a corporation before filing Form 2553. H&r block tax estimator By filing Form 2553, an LLC is deemed to have elected classification as a corporation in addition to the S corporation classification. H&r block tax estimator If the LLC elects to be classified as a corporation by filing Form 8832, a copy of the LLC's Form 8832 must be attached to the federal income tax return of each direct and indirect owner of the LLC for the tax year of the owner that includes the date on which the election took effect. H&r block tax estimator Example 6. H&r block tax estimator Classification as a corporation without an S election. H&r block tax estimator Wanda and Sylvester are members of an LLC. H&r block tax estimator They agree that the LLC should be classified as a corporation but do not want to elect to have the LLC be treated as an S corporation. H&r block tax estimator The LLC must file Form 8832. H&r block tax estimator Example 7. H&r block tax estimator Classification as a corporation with an S election. H&r block tax estimator Evelyn and Carol are members of an LLC. H&r block tax estimator They agree that the LLC should be classified as an S corporation. H&r block tax estimator The LLC must file Form 2553 instead of Form 8832. H&r block tax estimator If the LLC is classified as a corporation, it must file a corporation income tax return. H&r block tax estimator If it is a C corporation, it is taxed on its taxable income and distributions to the members are includible in the members' gross income to the extent of the corporation's earnings and profits (double taxation). H&r block tax estimator If it is an S corporation, the corporation is generally not subject to any income tax and the income, deductions, gains, losses, and credits of the corporation “pass through” to the members. H&r block tax estimator Corporations generally file either: Form 1120, U. H&r block tax estimator S. H&r block tax estimator Corporation Income Tax Return; or Form 1120S, U. H&r block tax estimator S. H&r block tax estimator Income Tax Return for an S Corporation. H&r block tax estimator For more information on the income taxation of corporations and their shareholders, see Publication 542, Corporations. H&r block tax estimator For more information on the income taxation of S corporations and their shareholders, see the Instructions for Form 1120S, U. H&r block tax estimator S. H&r block tax estimator Income Tax Return for an S Corporation. H&r block tax estimator Subsequent Elections An LLC can elect to change its classification. H&r block tax estimator Generally, once an LLC has elected to change its classification, it cannot elect again to change it classification during the 60 months after the effective date of the election. H&r block tax estimator An election by a newly formed LLC that is effective on the date of formation is not considered a change for purposes of this limitation. H&r block tax estimator For more information and exceptions, see Regulations section 301. H&r block tax estimator 7701-3(c) and the Form 8832 instructions. H&r block tax estimator An election to change classification can have significant tax consequences based on the following transactions that are deemed to occur as a result of the election. H&r block tax estimator Partnership to corporation. H&r block tax estimator   An election to change classification from a partnership to a corporation will be treated as if the partnership contributed all of its assets and liabilities to the corporation in exchange for stock and the partnership then immediately liquidated by distributing the stock to its partners. H&r block tax estimator   For more information, see Partnership Distributions in Publication 541 and Property Exchanged for Stock in Publication 542. H&r block tax estimator Corporation to partnership. H&r block tax estimator   An election to change classification from a corporation to a partnership will be treated as if the corporation distributed all of its assets and liabilities to its shareholders in liquidation and the shareholders then immediately contributed all of the distributed assets and liabilities to a new partnership. H&r block tax estimator   For more information, see Contribution of Property in Publication 541 and Distributions to Shareholders in Publication 542. H&r block tax estimator Corporation to disregarded entity. H&r block tax estimator   An election to change classification from a corporation to a disregarded entity will be treated as if the corporation distributed all of its assets and liabilities to its single owner in liquidation. H&r block tax estimator   For more information, see Distributions to Shareholders in Publication 542. H&r block tax estimator Disregarded entity to corporation. H&r block tax estimator   An election to change classification from a disregarded entity to a corporation will be treated as if the owner of the disregarded entity contributed all of the assets and liabilities to the corporation in exchange for stock. H&r block tax estimator   For more information, see Property Exchanged for Stock in Publication 542. H&r block tax estimator How To Get More Information This section describes the help the IRS and other federal agencies offer to taxpayers who operate their own businesses. H&r block tax estimator Internal Revenue Service You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get information from the IRS in several ways. H&r block tax estimator By selecting the method that is best for you, you will have quick and easy access to tax help. H&r block tax estimator Contacting your Taxpayer Advocate. H&r block tax estimator   The Taxpayer Advocate Service (TAS) is an independent organization within the IRS whose employees assist taxpayers who are experiencing economic harm, who are seeking help in resolving tax problems that have not been resolved through normal channels, or who believe that an IRS system or procedure is not working as it should. H&r block tax estimator   You can contact the TAS by calling the TAS toll-free case intake line at 1-877-777-4778 or TTY/TDD 1-800-829-4059 to see if you are eligible for assistance. H&r block tax estimator You can also call or write to your local taxpayer advocate, whose phone number and address are listed in your local telephone directory and in Publication 1546, Taxpayer Advocate Service — Your Voice at the IRS. H&r block tax estimator You can file Form 911, Request for Taxpayer Advocate Service Assistance (And Application for Taxpayer Assistance Order), or ask an IRS employee to complete it on your behalf. H&r block tax estimator For more information, go to www. H&r block tax estimator irs. H&r block tax estimator gov/advocate. H&r block tax estimator Low Income Taxpayer Clinics (LITCs). H&r block tax estimator   LITCs are independent organizations that provide low income taxpayers with representation in federal tax controversies with the IRS for free or for a nominal charge. H&r block tax estimator The clinics also provide tax education and outreach for taxpayers with limited English proficiency or who speak English as a second language. H&r block tax estimator Publication 4134, Low Income Taxpayer Clinic List, provides information on clinics in your area. H&r block tax estimator It is available at www. H&r block tax estimator irs. H&r block tax estimator gov or at your local IRS office. H&r block tax estimator Small business workshops. H&r block tax estimator   Small business workshops are designed to help the small business owner understand and fulfill their federal tax responsibilities. H&r block tax estimator Workshops are sponsored and presented by IRS partners who are federal tax specialists. H&r block tax estimator Workshop topics vary from a general overview of taxes to more specific topics such as recordkeeping and retirement plans. H&r block tax estimator Although most are free, some workshops have fees associated with them. H&r block tax estimator Any fees charged for a workshop are paid to the sponsoring organization, not the IRS. H&r block tax estimator   For more information, visit www. H&r block tax estimator irs. H&r block tax estimator gov/businesses/small. H&r block tax estimator Subscribe to e-news for small businesses. H&r block tax estimator   Join the e-News for Small Businesses mailing list to receive updates, reminders, and other information useful to small business owners and self employed individuals. H&r block tax estimator Visit the website at www. H&r block tax estimator irs. H&r block tax estimator gov/businesses/small and click on “Subscribe to e-News. H&r block tax estimator ” Free tax services. H&r block tax estimator   To find out what services are available, get Publication 910, IRS Guide to Free Tax Services. H&r block tax estimator It contains a list of free tax publications and describes other free tax information services, including tax education and assistance programs and a list of TeleTax topics. H&r block tax estimator   Accessible versions of IRS published products are available on request in a variety of alternative formats for people with disabilities. H&r block tax estimator Internet. H&r block tax estimator You can access the IRS website at www. H&r block tax estimator irs. H&r block tax estimator gov 24 hours a day, 7 days a week, to: E-file your return. H&r block tax estimator Find out about commercial tax preparation and e-file services available free to eligible taxpayers. H&r block tax estimator Check the status of your refund. H&r block tax estimator Go to www. H&r block tax estimator irs. H&r block tax estimator gov and click on Where's My Refund. H&r block tax estimator Wait at least 72 hours after the IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after mailing a paper return. H&r block tax estimator If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). H&r block tax estimator Have your tax return available so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. H&r block tax estimator Download forms, instructions, and publications. H&r block tax estimator Order IRS products online. H&r block tax estimator Research your tax questions online. H&r block tax estimator Search publications online by topic or keyword. H&r block tax estimator View Internal Revenue Bulletins (IRBs) published in the last few years. H&r block tax estimator Figure your withholding allowances using the withholding calculator online at www. H&r block tax estimator irs. H&r block tax estimator gov/individuals. H&r block tax estimator Determine if Form 6251 must be filed using our Alternative Minimum Tax (AMT) Assistant. H&r block tax estimator Sign up to receive local and national tax news by email. H&r block tax estimator Get information on starting and operating a small business. H&r block tax estimator Phone. H&r block tax estimator Many services are available by phone. H&r block tax estimator Ordering forms, instructions, and publications. H&r block tax estimator Call 1-800-829-3676 to order current-year forms, instructions, and publications, and prior-year forms and instructions. H&r block tax estimator You should receive your order within 10 days. H&r block tax estimator Asking tax questions. H&r block tax estimator Call the IRS with your tax questions at 1-800-829-1040. H&r block tax estimator Solving problems. H&r block tax estimator You can get face-to-face help solving tax problems every business day in IRS Taxpayer Assistance Centers. H&r block tax estimator An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. H&r block tax estimator Call your local Taxpayer Assistance Center for an appointment. H&r block tax estimator To find the number, go to www. H&r block tax estimator irs. H&r block tax estimator gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. H&r block tax estimator TTY/TDD equipment. H&r block tax estimator If you have access to TTY/TDD equipment, call 1-800-829-4059 to ask tax questions or to order forms and publications. H&r block tax estimator TeleTax topics. H&r block tax estimator Call 1-800-829-4477 to listen to pre-recorded messages covering various tax topics. H&r block tax estimator Refund information. H&r block tax estimator To check the status of your 2009 refund, call 1-800-829-1954 during business hours or 1-800-829-4477 (automated refund information 24 hours a day, 7 days a week). H&r block tax estimator Wait at least 72 hours after the IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after mailing a paper return. H&r block tax estimator If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). H&r block tax estimator Have your 2009 tax return available so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. H&r block tax estimator Refunds are sent out weekly on Fridays. H&r block tax estimator If you check the status of your refund and are not given the date it will be issued, please wait until the next week before checking back. H&r block tax estimator Evaluating the quality of our telephone services. H&r block tax estimator To ensure IRS representatives give accurate, courteous, and professional answers, we use several methods to evaluate the quality of our telephone services. H&r block tax estimator One method is for a second IRS representative to listen in on or record random telephone calls. H&r block tax estimator Another is to ask some callers to complete a short survey at the end of the call. H&r block tax estimator Walk-in. H&r block tax estimator Many products and services are available on a walk-in basis. H&r block tax estimator Products. H&r block tax estimator You can walk in to many post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. H&r block tax estimator Some IRS offices, libraries, grocery stores, copy centers, city and county government offices, credit unions, and office supply stores have a collection of products available to print from a CD or photocopy from reproducible proofs. H&r block tax estimator Also, some IRS offices and libraries have the Internal Revenue Code, regulations, Internal Revenue Bulletins, and Cumulative Bulletins available for research purposes. H&r block tax estimator Services. H&r block tax estimator You can walk in to your local Taxpayer Assistance Center every business day for personal, face-to-face tax help. H&r block tax estimator An employee can explain IRS letters, request adjustments to your tax account, or help you set up a payment plan. H&r block tax estimator If you need to resolve a tax problem, have questions about how the tax law applies to your individual tax return, or you are more comfortable talking with someone in person, visit your local Taxpayer Assistance Center where you can spread out your records and talk with an IRS representative face-to-face. H&r block tax estimator No appointment is necessary—just walk in. H&r block tax estimator If you prefer, you can call your local Center and leave a message requesting an appointment to resolve a tax account issue. H&r block tax estimator A representative will call you back within 2 business days to schedule an in-person appointment at your convenience. H&r block tax estimator If you have an ongoing, complex tax account problem or a special need, such as a disability, an appointment can be requested. H&r block tax estimator All other issues will be handled without an appointment. H&r block tax estimator To find the number of your local office, go to www. H&r block tax estimator irs. H&r block tax estimator gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. H&r block tax estimator Mail. H&r block tax estimator You can send your order for forms, instructions, and publications to the address below. H&r block tax estimator You should receive a response within 10 days after your request is received. H&r block tax estimator Internal Revenue Service1201 N. H&r block tax estimator Mitsubishi MotorwayBloomington, IL 61705–6613 DVD for tax products. H&r block tax estimator You can order Publication 1796, IRS Tax Products DVD, and obtain: Current-year forms, instructions, and publications. H&r block tax estimator Prior-year forms, instructions, and publications. H&r block tax estimator Tax Map: an electronic research tool and finding aid. H&r block tax estimator Tax law frequently asked questions. H&r block tax estimator Tax Topics from the IRS telephone response system. H&r block tax estimator Internal Revenue Code—Title 26 of the U. H&r block tax estimator S. H&r block tax estimator Code. H&r block tax estimator Fill-in, print, and save features for most tax forms. H&r block tax estimator Internal Revenue Bulletins. H&r block tax estimator Toll-free and email technical support. H&r block tax estimator Two releases during the year. H&r block tax estimator – The first release will ship the beginning of January. H&r block tax estimator – The final release will ship the beginning of March. H&r block tax estimator Purchase the DVD from National Technical Information Service (NTIS) at www. H&r block tax estimator irs. H&r block tax estimator gov/cdorders for $30 (no handling fee) or call 1-877-CDFORMS (1-877-233-6767) toll free to buy the DVD for $30 (plus a $6 handling fee). H&r block tax estimator Small Business Administration The Small Business Administration (SBA) offers training and educational programs, counseling services, financial programs, and contract assistance for small business owners. H&r block tax estimator The SBA also has publications and videos on a variety of business topics. H&r block tax estimator The following briefly describes assistance provided by the SBA. H&r block tax estimator Small Business Development Centers (SBDCs). H&r block tax estimator   SBDCs provide counseling, training, and technical services to current and prospective small business owners who cannot afford the services of a private consultant. H&r block tax estimator Help is available when beginning, improving, or expanding a small business. H&r block tax estimator Business Information Centers (BICs). H&r block tax estimator   BICs offer a small business reference library, management video tapes, and computer technology to help plan a business. H&r block tax estimator BICs also offer one-on-one assistance. H&r block tax estimator Individuals who are in business or are interested in starting a business can use BICs as often as they wish at no charge. H&r block tax estimator Service Corps of Retired Executives (SCORE). H&r block tax estimator   SCORE provides small business counseling and training to current and prospective small business owners. H&r block tax estimator SCORE is made up of current and former business people who offer their expertise and knowledge to help people start, manage, and expand a small business. H&r block tax estimator SCORE also offers a variety of small business workshops. H&r block tax estimator    Internet. H&r block tax estimator You can visit the SBA website at www. H&r block tax estimator sba. H&r block tax estimator gov. H&r block tax estimator While visiting the SBA website, you can find a variety of information of interest to small business owners. H&r block tax estimator    Phone. H&r block tax estimator Call the SBA Answer Desk at 1-800-UASK-SBA (1-800-827-5722) for general information about programs available to assist small business owners. H&r block tax estimator    Walk-in. H&r block tax estimator You can walk in to a Small Business Development Center or Business Information Center to request assistance with your small business. H&r block tax estimator To find the location nearest you, visit the SBA website or call the SBA Answer Desk. H&r block tax estimator Other Federal Agencies Other federal agencies also publish publications and pamphlets to assist small businesses. H&r block tax estimator Most of these are available from the Superintendent of Documents at the Government Printing Office. H&r block tax estimator You can get information and order these publications and pamphlets in several ways. H&r block tax estimator Internet. H&r block tax estimator You can visit the GPO website at www. H&r block tax estimator access. H&r block tax estimator gpo. H&r block tax estimator gov. H&r block tax estimator Mail. H&r block tax estimator Write to the GPO at the following address. H&r block tax estimator Superintendent of DocumentsU. H&r block tax estimator S. H&r block tax estimator Government Printing OfficeP. H&r block tax estimator O. H&r block tax estimator Box 979050St. H&r block tax estimator Louis, MO 63917-9000 Phone. H&r block tax estimator Call the GPO toll-free at 1-866-512-1800 or at 202-512-1800 from the Washington, DC area. H&r block tax estimator Prev  Up  Next   Home   More Online Publications