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

TurboTax Federal Free Edition - File Taxes Online

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

Approved TurboTax Affiliate Site. TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.


© 2012 - 2018 All rights reserved.

This is an Approved TurboTax Affiliate site. TurboTax and TurboTax Online, among other are registered trademarks and/or service marks of Intuit, Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.
When discussing "Free e-file", note that state e-file is an additional fee. E-file fees do not apply to New York state returns. Prices are subject to change without notice. E-file and get your refund faster
*If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
*Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Federal Free Edition customers are entitled to payment of $14.99 and a refund of your state purchase price paid. Claims must be submitted within sixty (60) days of your TurboTax filing date and no later than 6/15/14. E-file, Audit Defense, Professional Review, Refund Transfer and technical support fees are excluded. This guarantee cannot be combined with the TurboTax Satisfaction (Easy) Guarantee. *We're so confident your return will be done right, we guarantee it. Accurate calculations guaranteed. If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
https://turbotax.intuit.com/corp/guarantees.jsp

Harold Washington College Free Tax Service

1040ezformEfiling Income TaxHow To File Amended Tax Return 20131040x DownloadFile 2010 Taxes Online1040ez Tax TableTurbotax 2011 Free Edition1040ez Fillable FormTurbo Tax Free State FilingHow Can I File 2011 Taxes Online1040x Amendment FormE File 1040ezFile My 2011 Tax Return For FreeI Need To Amend My Taxes2011 Tax CalculatorForm 1040 EzWhere To Mail State Taxes1040nr 2013Help Me File 1040ezIrsWhen Can I File An Amended Tax Return1040 Schedule A Tax FormFree H And R BlockWebsite Efile Past Year Tax ReturnsWww Hrblock Com2011 Irs Tax Forms2011 Irs Form 8863Www Irs Gov 1040x FormHow To Amend My TaxesTax Return For 2012Filing 1040ez ElectronicallyForm 1040x Amended ReturnTaxslayer Website1040ez2012Filing A Tax Return Online1040nr Form 20111040nr Filing OnlineHow Do I Amend My 2012 Tax Return OnlineE File 2012 Federal TaxesIrs Forms 1040ez

Harold Washington College Free Tax Service

Harold washington college free tax service Index A Accrued leave payment Disability retirement and, Accrued leave payment. Harold washington college free tax service Assistance (see Tax help) C Care Dependent care benefits, Dependent Care Benefits Child and dependent care expenses, Child and Dependent Care Credit Compensation for permanent loss or disfigurement, Other Payments Credit for the elderly or the disabled, Credit for the Elderly or the Disabled D Damages, physical injury or sickness, Other Payments Dependent care assistance, Dependent Care Benefits Disability Pensions, Disability Pensions Disability benefits, no-fault car insurance policy, Other Payments Disability pensions, Disability Pensions E Exclusion from income Employer-provided dependent care benefits, Exclusion or deduction. Harold washington college free tax service F Form W-2 Dependent care benefits, Statement for employee. Harold washington college free tax service Free tax services, Free help with your tax return. Harold washington college free tax service H Help (see Tax help) I Impairment-related work expenses Definition, Impairment-related expenses defined. Harold washington college free tax service Impairment–related work expenses, Impairment-Related Work Expenses Income, Income Compensation for permanent loss or disfigurement, Other Payments Dependent care assistance, Dependent Care Benefits Disability pensions, Disability Pensions Long-term care insurance, Long-Term Care Insurance Military and government disability pensions, Military and Government Disability Pensions No-fault car insurance policy disability benefits, Other Payments Physical injury or sickness damages, Other Payments Social security and railroad retirement benefits, Social Security and Railroad Retirement Benefits Supplemental security income (SSI) payments, Supplemental security income (SSI) payments. Harold washington college free tax service VA disability benefits, VA disability benefits. Harold washington college free tax service Welfare fund benefits, Other Payments Workers compensation, Other Payments Itemized deductions, Itemized Deductions Impairment-related work expenses, Impairment-Related Work Expenses Medical expenses, Medical Expenses L Long-term care insurance, Long-Term Care Insurance M Medical expenses, Medical Expenses Military and government disability pensions, Military and Government Disability Pensions N No-fault car insurance policy disability benefits, Other Payments P Pensions Disability pensions, Disability Pensions Physical injury or sickness damages, Other Payments Profit-sharing plan, Retirement and profit-sharing plans. Harold washington college free tax service Publications (see Tax help) S Social security and railroad retirement benefits, Social Security and Railroad Retirement Benefits Supplemental security income (SSI) payments, Supplemental security income (SSI) payments. Harold washington college free tax service T Tax credits, Tax Credits Child and dependent care credit, Child and Dependent Care Credit Credit for the elderly or the disabled, Credit for the Elderly or the Disabled Tax help, How To Get Tax Help TTY/TDD information, How To Get Tax Help V VA disability benefits, VA disability benefits. Harold washington college free tax service W Welfare fund benefits, Other Payments Workers compensation, Other Payments Prev  Up     Home   More Online Publications
Español

Money

    The Harold Washington College Free Tax Service

    Harold washington college free tax service 1. Harold washington college free tax service   Filing Information Table of Contents Topics - This chapter discusses: Useful Items - You may want to see: Filing RequirementsWhen To File and Pay Foreign Currency Does My Return Have To Be On Paper? Where To File Nonresident Alien Spouse Treated as a ResidentSocial Security Number (SSN) How To Make the Choice Suspending the Choice Ending the Choice Estimated Tax Other Forms You May Have To File Topics - This chapter discusses: Whether you have to file a return, When to file your return and pay any tax due, How to treat foreign currency, How to file electronically, Where to file your return, When you can treat your nonresident alien spouse as a resident, and When you may have to make estimated tax payments. Harold washington college free tax service Useful Items - You may want to see: Publication 3 Armed Forces' Tax Guide 501 Exemptions, Standard Deduction, and Filing Information 505 Tax Withholding and Estimated Tax 519 U. Harold washington college free tax service S. Harold washington college free tax service Tax Guide for Aliens 970 Tax Benefits for Education Form (and Instructions) 1040-ES Estimated Tax for Individuals 1040X Amended U. Harold washington college free tax service S. Harold washington college free tax service Individual Income Tax Return 2350 Application for Extension of Time To File U. Harold washington college free tax service S. Harold washington college free tax service Income Tax Return 2555 Foreign Earned Income 2555-EZ Foreign Earned Income Exclusion 4868 Application for Automatic Extension of Time To File U. Harold washington college free tax service S. Harold washington college free tax service Individual Income Tax Return 8822 Change of Address See chapter 7 for information about getting these publications and forms. Harold washington college free tax service Filing Requirements If you are a U. Harold washington college free tax service S. Harold washington college free tax service citizen or resident alien, the rules for filing income, estate, and gift tax returns and for paying estimated tax are generally the same whether you are in the United States or abroad. Harold washington college free tax service Your income, filing status, and age generally determine whether you must file an income tax return. Harold washington college free tax service Generally, you must file a return for 2013 if your gross income from worldwide sources is at least the amount shown for your filing status in the following table. Harold washington college free tax service Filing Status*   Amount Single $10,000 65 or older $11,500 Head of household $12,850 65 or older $14,350 Qualifying widow(er) $16,100 65 or older $17,300 Married filing jointly $20,000 Not living with spouse at end of year $3,900 One spouse 65 or older $21,200 Both spouses 65 or older $22,400 Married filing separately $3,900 *If you are the dependent of another taxpayer, see the instructions for Form 1040 for more information on whether you must file a return. Harold washington college free tax service Gross income. Harold washington college free tax service   This includes all income you receive in the form of money, goods, property, and services that is not exempt from tax. Harold washington college free tax service   For purposes of determining whether you must file a return, gross income includes any income that you can exclude as foreign earned income or as a foreign housing amount. Harold washington college free tax service If you are self-employed, your gross income includes the amount on Part I, line 7 of Schedule C (Form 1040), Profit or Loss From Business, or line 1 of Schedule C-EZ (Form 1040), Net Profit From Business. Harold washington college free tax service Self-employed individuals. Harold washington college free tax service   If your net earnings from self-employment are $400 or more, you must file a return even if your gross income is below the amount listed for your filing status in the table shown earlier. Harold washington college free tax service Net earnings from self-employment are defined in Publication 334, Tax Guide for Small Business. Harold washington college free tax service 65 or older. Harold washington college free tax service   You are considered to be age 65 on the day before your 65th birthday. Harold washington college free tax service For example, if your 65th birthday is on January 1, 2014, you are considered 65 for 2013. Harold washington college free tax service Residents of U. Harold washington college free tax service S. Harold washington college free tax service possessions. Harold washington college free tax service   If you are (or were) a bona fide resident of a U. Harold washington college free tax service S. Harold washington college free tax service possession, you may be required to file Form 8898, Statement for Individuals Who Begin or End Bona Fide Residence in a U. Harold washington college free tax service S. Harold washington college free tax service Possession. Harold washington college free tax service See the instructions for the form for more information. Harold washington college free tax service When To File and Pay If you file on a calendar year basis, the due date for filing your return is April 15 of the following year. Harold washington college free tax service If you file on a fiscal year basis (a year ending on the last day of any month except December), the due date is 3 months and 15 days after the close of your fiscal year. Harold washington college free tax service In general, the tax shown on your return should be paid by the due date of the return, without regard to any extension of time for filing the return. Harold washington college free tax service When the due date for doing any act for tax purposes—filing a return, paying taxes, etc. Harold washington college free tax service — falls on a Saturday, Sunday, or legal holiday, the due date is delayed until the next business day. Harold washington college free tax service A tax return delivered by the U. Harold washington college free tax service S. Harold washington college free tax service mail or a designated delivery service that is postmarked or dated by the delivery service on or before the due date is considered to have been filed on or before that date. Harold washington college free tax service See your Form 1040 or Form 1040A instructions for a list of designated delivery services. Harold washington college free tax service Foreign wire transfers. Harold washington college free tax service   If you have a U. Harold washington college free tax service S. Harold washington college free tax service bank account, you can use: EFTPS (Electronic Federal Tax Payment System), or Federal Tax Application (same-day wire transfer). Harold washington college free tax service If you do not have a U. Harold washington college free tax service S. Harold washington college free tax service bank account, ask if your financial institution has a U. Harold washington college free tax service S. Harold washington college free tax service affiliate that can help you make same-day wire transfers. Harold washington college free tax service   For more information, visit www. Harold washington college free tax service eftps. Harold washington college free tax service gov. Harold washington college free tax service Extensions You can get an extension of time to file your return. Harold washington college free tax service In some circumstances, you also can get an extension of time to file and pay any tax due. Harold washington college free tax service However, if you pay the tax due after the regular due date, interest will be charged from the regular due date until the date the tax is paid. Harold washington college free tax service This publication discusses four extensions: an automatic 2-month extension, an automatic 6-month extension, an additional extension for taxpayers out of the country, and an extension of time to meet tests. Harold washington college free tax service If you served in a combat zone or qualified hazardous duty area, see Publication 3 for a discussion of extensions of deadlines. Harold washington college free tax service Automatic 2-month extension. Harold washington college free tax service   You are allowed an automatic 2-month extension to file your return and pay federal income tax if you are a U. Harold washington college free tax service S. Harold washington college free tax service citizen or resident alien, and on the regular due date of your return: You are living outside the United States and Puerto Rico and your main place of business or post of duty is outside the United States and Puerto Rico, or You are in military or naval service on duty outside the United States and Puerto Rico. Harold washington college free tax service   If you use a calendar year, the regular due date of your return is April 15. Harold washington college free tax service Even if you are allowed an extension, you will have to pay interest on any tax not paid by the regular due date of your return. Harold washington college free tax service Married taxpayers. Harold washington college free tax service   If you file a joint return, either you or your spouse can qualify for the automatic extension. Harold washington college free tax service If you and your spouse file separate returns, this automatic extension applies only to the spouse who qualifies for it. Harold washington college free tax service How to get the extension. Harold washington college free tax service   To use this automatic 2-month extension, you must attach a statement to your return explaining which of the two situations listed earlier qualified you for the extension. Harold washington college free tax service Automatic 6-month extension. Harold washington college free tax service   If you are not able to file your return by the due date, you generally can get an automatic 6-month extension of time to file (but not of time to pay). Harold washington college free tax service To get this automatic extension, you must file a paper Form 4868 or use IRS e-file (electronic filing). Harold washington college free tax service For more information about filing electronically, see E-file options , later. Harold washington college free tax service   The form must show your properly estimated tax liability based on the information available to you. Harold washington college free tax service    You may not be eligible. Harold washington college free tax service You cannot use the automatic 6-month extension of time to file if: You want the IRS to figure your tax, or You are under a court order to file by the regular due date. Harold washington college free tax service E-file options. Harold washington college free tax service    You can use e-file to get an extension of time to file. Harold washington college free tax service You can either file Form 4868 electronically or you can pay part or all of your estimate of tax due using a credit or debit card. Harold washington college free tax service   First, complete Form 4868 to use as a worksheet. Harold washington college free tax service If you think you may owe tax when you file your return, use Part II of the form to estimate your balance due. Harold washington college free tax service    Then, do one of the following. Harold washington college free tax service E-file Form 4868. Harold washington college free tax service You can use a tax software package with your personal computer or a tax professional to file Form 4868 electronically. Harold washington college free tax service You will need to provide certain information from your tax return for 2012. Harold washington college free tax service If you wish to make a payment by electronic funds withdrawal, see the instructions for Form 4868. Harold washington college free tax service If you e-file Form 4868, do not also send a paper Form 4868. Harold washington college free tax service E-file and pay by credit or debit card. Harold washington college free tax service You can get an extension by paying part or all of your estimate of tax due by using a credit or debit card. Harold washington college free tax service You can do this by phone or over the Internet. Harold washington college free tax service If you do this, you do not file Form 4868. Harold washington college free tax service For more information, see the instructions for your tax return. Harold washington college free tax service When to file. Harold washington college free tax service   Generally, you must request the 6-month extension by the regular due date of your return. Harold washington college free tax service Previous 2-month extension. Harold washington college free tax service   If you cannot file your return within the automatic 2-month extension period, you generally can get an additional 4 months to file your return, for a total of 6 months. Harold washington college free tax service The 2-month period and the 6-month period start at the same time. Harold washington college free tax service You have to request the additional 4 months by the new due date allowed by the 2-month extension. Harold washington college free tax service   The additional 4 months of time to file (unlike the original 2-month extension) is not an extension of time to pay. Harold washington college free tax service You must make an accurate estimate of your tax based on the information available to you. Harold washington college free tax service If you find you cannot pay the full amount due with Form 4868, you can still get the extension. Harold washington college free tax service You will owe interest on the unpaid amount from the original due date of the return. Harold washington college free tax service   You also may be charged a penalty for paying the tax late unless you have reasonable cause for not paying your tax when due. Harold washington college free tax service Penalties for paying the tax late are assessed from the original due date of your return, unless you qualify for the automatic 2-month extension. Harold washington college free tax service In that situation, penalties for paying late are assessed from the extended due date of the payment (June 15 for calendar year taxpayers). Harold washington college free tax service Additional extension of time for taxpayers out of the country. Harold washington college free tax service   In addition to the 6-month extension, taxpayers who are out of the country can request a discretionary 2-month additional extension of time to file their returns (to December 15 for calendar year taxpayers). Harold washington college free tax service   To request this extension, you must send the Internal Revenue Service a letter explaining the reasons why you need the additional 2 months. Harold washington college free tax service Send the letter by the extended due date (October 15 for calendar year taxpayers) to the following address: Department of the Treasury Internal Revenue Service Center Austin, TX 73301-0045   You will not receive any notification from the Internal Revenue Service unless your request is denied. Harold washington college free tax service   The discretionary 2-month additional extension is not available to taxpayers who have an approved extension of time to file on Form 2350, discussed next. Harold washington college free tax service Extension of time to meet tests. Harold washington college free tax service   You generally cannot get an extension of more than 6 months. Harold washington college free tax service However, if you are outside the United States and meet certain requirements, you may be able to get a longer extension. Harold washington college free tax service   You can get an extension of more than 6 months to file your tax return if you need the time to meet either the bona fide residence test or the physical presence test to qualify for either the foreign earned income exclusion or the foreign housing exclusion or deduction. Harold washington college free tax service The tests, the exclusions, and the deduction are explained in chapter 4. Harold washington college free tax service   You should request an extension if all three of the following apply. Harold washington college free tax service You are a U. Harold washington college free tax service S. Harold washington college free tax service citizen or resident alien. Harold washington college free tax service You expect to meet either the bona fide residence test or the physical presence test, but not until after your tax return is due. Harold washington college free tax service Your tax home is in a foreign country (or countries) throughout your period of bona fide residence or physical presence, whichever applies. Harold washington college free tax service   If you are granted an extension, it generally will be to 30 days beyond the date on which you can reasonably expect to qualify for an exclusion or deduction under either the bona fide residence test or the physical presence test. Harold washington college free tax service However, if you have moving expenses that are for services performed in 2 years, you may be granted an extension until after the end of the second year. Harold washington college free tax service How to get an extension. Harold washington college free tax service   To obtain an extension, file Form 2350 either by giving it to a local IRS representative or other IRS employee or by mailing it to the: Department of the Treasury Internal Revenue Service Center Austin, TX 73301-0045   You must file Form 2350 by the due date for filing your return. Harold washington college free tax service Generally, if both your tax home and your abode are outside the United States and Puerto Rico on the regular due date of your return and you file on a calendar year basis, the due date for filing your return is June 15. Harold washington college free tax service What if tests are not met. Harold washington college free tax service   If you obtain an extension and unforeseen events make it impossible for you to meet either the bona fide residence test or the physical presence test, you should file your income tax return as soon as possible because you must pay interest on any tax due after the regular due date of the return (even though an extension was granted). Harold washington college free tax service    You should make any request for an extension early, so that if it is denied you still can file your return on time. Harold washington college free tax service Otherwise, if you file late and additional tax is due, you may be subject to a penalty. Harold washington college free tax service Return filed before test is met. Harold washington college free tax service   If you file a return before you meet the bona fide residence test or the physical presence test, you must include all income from both U. Harold washington college free tax service S. Harold washington college free tax service and foreign sources and pay the tax on that income. Harold washington college free tax service If you later meet either of the tests, you can claim the foreign earned income exclusion, the foreign housing exclusion, or the foreign housing deduction on Form 1040X. Harold washington college free tax service Foreign Currency You must express the amounts you report on your U. Harold washington college free tax service S. Harold washington college free tax service tax return in U. Harold washington college free tax service S. Harold washington college free tax service dollars. Harold washington college free tax service If you receive all or part of your income or pay some or all of your expenses in foreign currency, you must translate the foreign currency into U. Harold washington college free tax service S. Harold washington college free tax service dollars. Harold washington college free tax service How you do this depends on your functional currency. Harold washington college free tax service Your functional currency generally is the U. Harold washington college free tax service S. Harold washington college free tax service dollar unless you are required to use the currency of a foreign country. Harold washington college free tax service You must make all federal income tax determinations in your functional currency. Harold washington college free tax service The U. Harold washington college free tax service S. Harold washington college free tax service dollar is the functional currency for all taxpayers except some qualified business units (QBUs). Harold washington college free tax service A QBU is a separate and clearly identified unit of a trade or business that maintains separate books and records. Harold washington college free tax service Even if you have a QBU, your functional currency is the dollar if any of the following apply. Harold washington college free tax service You conduct the business in U. Harold washington college free tax service S. Harold washington college free tax service dollars. Harold washington college free tax service The principal place of business is located in the United States. Harold washington college free tax service You choose to or are required to use the U. Harold washington college free tax service S. Harold washington college free tax service dollar as your functional currency. Harold washington college free tax service The business books and records are not kept in the currency of the economic environment in which a significant part of the business activities is conducted. Harold washington college free tax service Make all income tax determinations in your functional currency. Harold washington college free tax service If your functional currency is the U. Harold washington college free tax service S. Harold washington college free tax service dollar, you must immediately translate into U. Harold washington college free tax service S. Harold washington college free tax service dollars all items of income, expense, etc. Harold washington college free tax service (including taxes), that you receive, pay, or accrue in a foreign currency and that will affect computation of your income tax. Harold washington college free tax service Use the exchange rate prevailing when you receive, pay, or accrue the item. Harold washington college free tax service If there is more than one exchange rate, use the one that most properly reflects your income. Harold washington college free tax service You can generally get exchange rates from banks and U. Harold washington college free tax service S. Harold washington college free tax service Embassies. Harold washington college free tax service If your functional currency is not the U. Harold washington college free tax service S. Harold washington college free tax service dollar, make all income tax determinations in your functional currency. Harold washington college free tax service At the end of the year, translate the results, such as income or loss, into U. Harold washington college free tax service S. Harold washington college free tax service dollars to report on your income tax return. Harold washington college free tax service Blocked Income You generally must report your foreign income in terms of U. Harold washington college free tax service S. Harold washington college free tax service dollars and, with one exception (see Fulbright Grant, later), you must pay taxes due on it in U. Harold washington college free tax service S. Harold washington college free tax service dollars. Harold washington college free tax service If, because of restrictions in a foreign country, your income is not readily convertible into U. Harold washington college free tax service S. Harold washington college free tax service dollars or into other money or property that is readily convertible into U. Harold washington college free tax service S. Harold washington college free tax service dollars, your income is “blocked” or “deferrable” income. Harold washington college free tax service You can report this income in one of two ways: Report the income and pay your federal income tax with U. Harold washington college free tax service S. Harold washington college free tax service dollars that you have in the United States or in some other country, or Postpone the reporting of the income until it becomes unblocked. Harold washington college free tax service If you choose to postpone the reporting of the income, you must file an information return with your tax return. Harold washington college free tax service For this information return, you should use another Form 1040 labeled “Report of Deferrable Foreign Income, pursuant to Rev. Harold washington college free tax service Rul. Harold washington college free tax service 74-351. Harold washington college free tax service ” You must declare on the information return that you will include the deferrable income in your taxable income for the year that it becomes unblocked. Harold washington college free tax service You also must state that you waive any right to claim that the deferrable income was includible in your income for any earlier year. Harold washington college free tax service You must report your income on your information return using the foreign currency in which you received that income. Harold washington college free tax service If you have blocked income from more than one foreign country, include a separate information return for each country. Harold washington college free tax service Income becomes unblocked and reportable for tax purposes when it becomes convertible, or when it is converted, into U. Harold washington college free tax service S. Harold washington college free tax service dollars or into other money or property that is convertible into U. Harold washington college free tax service S. Harold washington college free tax service currency. Harold washington college free tax service Also, if you use blocked income for your personal expenses or dispose of it by gift, bequest, or devise, you must treat it as unblocked and reportable. Harold washington college free tax service If you have received blocked income on which you have not paid tax, you should check to see whether that income is still blocked. Harold washington college free tax service If it is not, you should take immediate steps to pay tax on it, file a declaration or amended declaration of estimated tax, and include the income on your tax return for the year in which the income became unblocked. Harold washington college free tax service If you choose to postpone reporting blocked income and in a later tax year you wish to begin including it in gross income although it is still blocked, you must obtain the permission of the IRS to do so. Harold washington college free tax service To apply for permission, file Form 3115, Application for Change in Accounting Method. Harold washington college free tax service You also must request permission from the IRS on Form 3115 if you have not chosen to defer the reporting of blocked income in the past, but now wish to begin reporting blocked income under the deferred method. Harold washington college free tax service See the instructions for Form 3115 for information on changing your accounting method. Harold washington college free tax service Fulbright Grant All income must be reported in U. Harold washington college free tax service S. Harold washington college free tax service dollars. Harold washington college free tax service In most cases, the tax also must be paid in U. Harold washington college free tax service S. Harold washington college free tax service dollars. Harold washington college free tax service If, however, at least 70% of your Fulbright grant has been paid in nonconvertible foreign currency (blocked income), you can use the currency of the host country to pay the part of the U. Harold washington college free tax service S. Harold washington college free tax service tax that is based on the blocked income. Harold washington college free tax service Paying U. Harold washington college free tax service S. Harold washington college free tax service tax in foreign currency. Harold washington college free tax service   To qualify for this method of payment, you must prepare a statement that shows the following information. Harold washington college free tax service You were a Fulbright grantee and were paid in nonconvertible foreign currency. Harold washington college free tax service The total grant you received during the year and the amount you received in nonconvertible foreign currency. Harold washington college free tax service At least 70% of the grant was paid in nonconvertible foreign currency. Harold washington college free tax service The statement must be certified by the U. Harold washington college free tax service S. Harold washington college free tax service educational foundation or commission paying the grant or other person having control of grant payments to you. Harold washington college free tax service   You should prepare at least two copies of this statement. Harold washington college free tax service Attach one copy to your Form 1040 and keep the other copy for identification purposes when you make a tax deposit of nonconvertible foreign currency. Harold washington college free tax service Figuring actual tax. Harold washington college free tax service   When you prepare your income tax return, you may owe tax or the entire liability may have been satisfied with your estimated tax payments. Harold washington college free tax service If you owe tax, figure the part due to (and payable in) the nonconvertible foreign currency by using the following formula. Harold washington college free tax service   Adjusted gross income that is blocked income × Total U. Harold washington college free tax service S. Harold washington college free tax service tax = Tax on blocked income     Total adjusted  gross income     You must attach all of the following to the return. Harold washington college free tax service A copy of the certified statement discussed earlier. Harold washington college free tax service A detailed statement showing the allocation of tax attributable to amounts received in foreign currency and the rates of exchange used in determining your tax liability in U. Harold washington college free tax service S. Harold washington college free tax service dollars. Harold washington college free tax service The original deposit receipt for any balance of tax due that you paid in nonconvertible foreign currency. Harold washington college free tax service Figuring estimated tax on nonconvertible foreign currency. Harold washington college free tax service   If you are liable for estimated tax (discussed later), figure the amount you can pay to the IRS in nonconvertible foreign currency using the following formula. Harold washington college free tax service   Adjusted gross income that is blocked income × Total estimated U. Harold washington college free tax service S. Harold washington college free tax service tax = Estimated tax on blocked income     Total adjusted  gross income     If you must pay your host country income tax on your grant, subtract any estimated foreign tax credit that applies to your grant from the estimated tax on the blocked income. Harold washington college free tax service Deposit of foreign currency with disbursing officer. Harold washington college free tax service   Once you have determined the amount of the actual tax or estimated tax that you can pay in nonconvertible foreign currency, deposit that amount with the disbursing officer of the Department of State in the foreign country in which the foundation or commission paying the grant is located. Harold washington college free tax service Estimated tax installments. Harold washington college free tax service   You can either deposit the full estimated tax amount before the first installment due date or make four equal payments before the installment due dates. Harold washington college free tax service See Estimated Tax , later. Harold washington college free tax service Deposit receipt. Harold washington college free tax service   Upon accepting the foreign currency, the disbursing officer will give you a receipt in duplicate. Harold washington college free tax service The original of this receipt (showing the amount of foreign currency deposited and its equivalent in U. Harold washington college free tax service S. Harold washington college free tax service dollars) should be attached to your Form 1040 or payment voucher from Form 1040-ES. Harold washington college free tax service Keep the copy for your records. Harold washington college free tax service Does My Return Have To Be On Paper? IRS e-file (electronic filing) is the fastest, easiest, and most convenient way to file your income tax return electronically. Harold washington college free tax service IRS e-file offers accurate, safe, and fast alternatives to filing on paper. Harold washington college free tax service IRS computers quickly and automatically check for errors or other missing information. Harold washington college free tax service Even returns with a foreign address can be e-filed! How to e-file. Harold washington college free tax service   There are three ways you can e-file. Harold washington college free tax service Use your personal computer. Harold washington college free tax service Use a volunteer. Harold washington college free tax service Many programs offering free tax help can e-file your return. Harold washington college free tax service Use a tax professional. Harold washington college free tax service Most tax professionals can e-file your return. Harold washington college free tax service These methods are explained in detail in the instructions for your tax return. Harold washington college free tax service Where To File If any of the following situations apply to you, do not file your return with the service center listed for your home state. Harold washington college free tax service You claim the foreign earned income exclusion. Harold washington college free tax service You claim the foreign housing exclusion or deduction. Harold washington college free tax service You live in a foreign country. Harold washington college free tax service Instead, use one of the following special addresses. Harold washington college free tax service If you are not enclosing a check or money order, file your return with the: Department of the Treasury Internal Revenue Service Center Austin, TX 73301-0215 USA If you are enclosing a check or money order, file your return with: Internal Revenue Service Center P. Harold washington college free tax service O. Harold washington college free tax service Box 1303 Charlotte, NC 28201-1303 USA If you do not know where your legal residence is and you do not have a principal place of business in the United States, you can file with the appropriate address listed above. Harold washington college free tax service However, you should not file with the addresses listed above if you are a bona fide resident of the U. Harold washington college free tax service S. Harold washington college free tax service Virgin Islands, Guam, or the Commonwealth of the Northern Mariana Islands during your entire tax year. Harold washington college free tax service Resident of U. Harold washington college free tax service S. Harold washington college free tax service Virgin Islands (USVI). Harold washington college free tax service   If you are a bona fide resident of the USVI during your entire tax year, you generally are not required to file a U. Harold washington college free tax service S. Harold washington college free tax service return. Harold washington college free tax service However, you must file a return with the USVI. Harold washington college free tax service    Send your return to the:     Virgin Islands Bureau of Internal Revenue 6115 Estate Smith Bay Suite 225 St. Harold washington college free tax service Thomas, Virgin Islands 00802 Non-USVI resident with USVI income. Harold washington college free tax service   If you are a U. Harold washington college free tax service S. Harold washington college free tax service citizen or resident alien and you have income from sources in the USVI or income effectively connected with the conduct of a trade or business in the USVI, and you are not a bona fide resident of the USVI during your entire tax year, you must file identical tax returns with the United States and the USVI. Harold washington college free tax service File the original return with the United States and file a signed copy of the U. Harold washington college free tax service S. Harold washington college free tax service return (including all attachments, forms, and schedules) with the Virgin Islands Bureau of Internal Revenue. Harold washington college free tax service   You must complete Form 8689, Allocation of Individual Income Tax to the U. Harold washington college free tax service S. Harold washington college free tax service Virgin Islands, and attach a copy to both your U. Harold washington college free tax service S. Harold washington college free tax service return and your USVI return. Harold washington college free tax service You should file your U. Harold washington college free tax service S. Harold washington college free tax service return with the address listed under Where To File. Harold washington college free tax service   See Publication 570, Tax Guide for Individuals With Income From U. Harold washington college free tax service S. Harold washington college free tax service Possessions, for information about filing Virgin Islands returns. Harold washington college free tax service Resident of Guam. Harold washington college free tax service   If you are a bona fide resident of Guam during your entire tax year, you should file a return with Guam. Harold washington college free tax service    Send your return to the:     Department of Revenue and Taxation Government of Guam P. Harold washington college free tax service O. Harold washington college free tax service Box 23607 GMF, GU 96921   However, if you have income from sources within Guam and you are a U. Harold washington college free tax service S. Harold washington college free tax service citizen or resident alien, but not a bona fide resident of Guam during the entire tax year, you should file a return with the United States. Harold washington college free tax service Send your return to the address listed under Where To File. Harold washington college free tax service   See Publication 570 for information about filing Guam returns. Harold washington college free tax service Resident of the Commonwealth of the Northern Mariana Islands. Harold washington college free tax service   If you are a bona fide resident of the Commonwealth of the Northern Mariana Islands (CNMI) during your entire tax year, you should file a return with the Northern Mariana Islands. Harold washington college free tax service    Send your return to the:      Division of Revenue and Taxation Commonwealth of the Northern Mariana Islands P. Harold washington college free tax service O. Harold washington college free tax service Box 5234, CHRB Saipan, MP 96950   However, if you have income from sources within the CNMI and you are a U. Harold washington college free tax service S. Harold washington college free tax service citizen or resident alien, but not a bona fide resident of the CNMI during the entire tax year, you should file a return with the United States. Harold washington college free tax service Send your return to the address listed under Where To File. Harold washington college free tax service   See Publication 570 for information about filing Northern Mariana Islands returns. Harold washington college free tax service Nonresident Alien Spouse Treated as a Resident If, at the end of your tax year, you are married and one spouse is a U. Harold washington college free tax service S. Harold washington college free tax service citizen or a resident alien and the other is a nonresident alien, you can choose to treat the nonresident as a U. Harold washington college free tax service S. Harold washington college free tax service resident. Harold washington college free tax service This includes situations in which one of you is a nonresident alien at the beginning of the tax year and a resident alien at the end of the year and the other is a nonresident alien at the end of the year. Harold washington college free tax service If you make this choice, the following two rules apply. Harold washington college free tax service You and your spouse are treated, for income tax purposes, as residents for all tax years that the choice is in effect. Harold washington college free tax service You must file a joint income tax return for the year you make the choice. Harold washington college free tax service This means that neither of you can claim under any tax treaty not to be a U. Harold washington college free tax service S. Harold washington college free tax service resident for a tax year for which the choice is in effect. Harold washington college free tax service You can file joint or separate returns in years after the year in which you make the choice. Harold washington college free tax service Example 1. Harold washington college free tax service Pat Smith, a U. Harold washington college free tax service S. Harold washington college free tax service citizen, is married to Norman, a nonresident alien. Harold washington college free tax service Pat and Norman make the choice to treat Norman as a resident alien by attaching a statement to their joint return. Harold washington college free tax service Pat and Norman must report their worldwide income for the year they make the choice and for all later years unless the choice is ended or suspended. Harold washington college free tax service Although Pat and Norman must file a joint return for the year they make the choice, they can file either joint or separate returns for later years. Harold washington college free tax service Example 2. Harold washington college free tax service When Bob and Sharon Williams got married, both were nonresident aliens. Harold washington college free tax service In June of last year, Bob became a resident alien and remained a resident for the rest of the year. Harold washington college free tax service Bob and Sharon both choose to be treated as resident aliens by attaching a statement to their joint return for last year. Harold washington college free tax service Bob and Sharon must report their worldwide income for last year and all later years unless the choice is ended or suspended. Harold washington college free tax service Bob and Sharon must file a joint return for last year, but they can file either joint or separate returns for later years. Harold washington college free tax service If you do not choose to treat your nonresident alien spouse as a U. Harold washington college free tax service S. Harold washington college free tax service resident, you may be able to use head of household filing status. Harold washington college free tax service To use this status, you must pay more than half the cost of maintaining a household for certain dependents or relatives other than your nonresident alien spouse. Harold washington college free tax service For more information, see Publication 501. Harold washington college free tax service Social Security Number (SSN) If you choose to treat your nonresident alien spouse as a U. Harold washington college free tax service S. Harold washington college free tax service resident, your spouse must have either an SSN or an individual taxpayer identification number (ITIN). Harold washington college free tax service To get an SSN for a nonresident alien spouse, apply at an office of the U. Harold washington college free tax service S. Harold washington college free tax service Social Security Administration (SSA) or U. Harold washington college free tax service S. Harold washington college free tax service consulate. Harold washington college free tax service You must complete Form SS-5, Application for a Social Security Card, available at www. Harold washington college free tax service socialsecurity. Harold washington college free tax service gov or by calling 1-800-772-1213. Harold washington college free tax service You must also provide original or certified copies of documents to verify that spouse's age, identity, and citizenship. Harold washington college free tax service If the nonresident alien spouse is not eligible to get an SSN, he or she can file Form W-7, Application for IRS Individual Taxpayer Identification Number, with the IRS to apply for an ITIN. Harold washington college free tax service How To Make the Choice Attach a statement, signed by both spouses, to your joint return for the first tax year for which the choice applies. Harold washington college free tax service It should contain the following: A declaration that one spouse was a nonresident alien and the other spouse a U. Harold washington college free tax service S. Harold washington college free tax service citizen or resident alien on the last day of your tax year and that you choose to be treated as U. Harold washington college free tax service S. Harold washington college free tax service residents for the entire tax year, and The name, address, and social security number (or individual taxpayer identification number) of each spouse. Harold washington college free tax service (If one spouse died, include the name and address of the person making the choice for the deceased spouse. Harold washington college free tax service ) You generally make this choice when you file your joint return. Harold washington college free tax service However, you also can make the choice by filing a joint amended return on Form 1040X. Harold washington college free tax service Attach Form 1040, 1040A, or 1040EZ and print “Amended” across the top of the amended return. Harold washington college free tax service If you make the choice with an amended return, you and your spouse also must amend any returns that you may have filed after the year for which you made the choice. Harold washington college free tax service You generally must file the amended joint return within 3 years from the date you filed your original U. Harold washington college free tax service S. Harold washington college free tax service income tax return or 2 years from the date you paid your income tax for that year, whichever is later. Harold washington college free tax service Table 1–1. Harold washington college free tax service Ending the Choice To Treat Nonresident Alien Spouse as a Resident Revocation   Either spouse can revoke the choice for any tax year. Harold washington college free tax service   • The revocation must be made by the due date for filing the tax return for that tax year. Harold washington college free tax service   • The spouse who revokes the choice must attach a signed statement declaring that the choice is being revoked. Harold washington college free tax service The statement revoking the choice must include the following:     • The name, address, and social security number (or taxpayer identification number) of each spouse. Harold washington college free tax service     • The name and address of any person who is revoking the choice for a deceased spouse. Harold washington college free tax service     • A list of any states, foreign countries, and possessions that have community property laws in which either spouse is domiciled or where real property is located from which either spouse receives income. Harold washington college free tax service   • If the spouse revoking the choice does not have to file a return and does not file a claim for refund, send the statement to the Internal Revenue Service Center where the last joint return was filed. Harold washington college free tax service Death   The death of either spouse ends the choice, beginning with the first tax year following the year in which the spouse died. Harold washington college free tax service   • If the surviving spouse is a U. Harold washington college free tax service S. Harold washington college free tax service citizen or resident alien and is entitled to the joint tax rates as a surviving spouse, the choice will not end until the close of the last year for which these joint rates may be used. Harold washington college free tax service   • If both spouses die in the same tax year, the choice ends on the first day after the close of the tax year in which the spouses died. Harold washington college free tax service Divorce or  Legal separation   A divorce or legal separation ends the choice as of the beginning of the tax year in which the legal separation occurs. Harold washington college free tax service Inadequate records   The Internal Revenue Service can end the choice for any tax year that either spouse has failed to keep adequate books, records, and other information necessary to determine the correct income tax liability, or to provide adequate access to those records. Harold washington college free tax service Suspending the Choice The choice to be treated as a resident alien does not apply to any later tax year if neither of you is a U. Harold washington college free tax service S. Harold washington college free tax service citizen or resident alien at any time during the later tax year. Harold washington college free tax service Example. Harold washington college free tax service Dick Brown was a resident alien on December 31, 2010, and married to Judy, a nonresident alien. Harold washington college free tax service They chose to treat Judy as a resident alien and filed a joint 2010 income tax return. Harold washington college free tax service On January 10, 2012, Dick became a nonresident alien. Harold washington college free tax service Judy had remained a nonresident alien. Harold washington college free tax service Because Dick was a resident alien during part of 2012, Dick and Judy can file joint or separate returns for that year. Harold washington college free tax service Neither Dick nor Judy was a resident alien at any time during 2013 and their choice is suspended for that year. Harold washington college free tax service For 2013, both are treated as nonresident aliens. Harold washington college free tax service If Dick becomes a resident alien again in 2014, their choice is no longer suspended and both are treated as resident aliens. Harold washington college free tax service Ending the Choice Once made, the choice to be treated as a resident applies to all later years unless suspended (as explained earlier) or ended in one of the ways shown in Table 1-1. Harold washington college free tax service If the choice is ended for any of the reasons listed in Table 1-1, neither spouse can make a choice in any later tax year. Harold washington college free tax service Estimated Tax The requirements for determining who must pay estimated tax are the same for a U. Harold washington college free tax service S. Harold washington college free tax service citizen or resident abroad as for a taxpayer in the United States. Harold washington college free tax service For current instructions on making estimated tax payments, see Form 1040-ES. Harold washington college free tax service If you had a tax liability for 2013, you may have to pay estimated tax for 2014. Harold washington college free tax service Generally, you must make estimated tax payments for 2014 if you expect to owe at least $1,000 in tax for 2014 after subtracting your withholding and credits and you expect your withholding and credits to be less than the smaller of: 90% of the tax to be shown on your 2014 tax return, or 100% of the tax shown on your 2013 tax return. Harold washington college free tax service (The return must cover all 12 months. Harold washington college free tax service ) If less than two-thirds of your gross income for 2013 and 2014 is from farming or fishing and your adjusted gross income for 2013 is more than $150,000 ($75,000 if you are married and file separately), substitute 110% for 100% in (2). Harold washington college free tax service See Publication 505 for more information. Harold washington college free tax service The first installment of estimated tax is due on April 15, 2014. Harold washington college free tax service Foreign earned income exclusion. Harold washington college free tax service   When figuring your estimated gross income, subtract amounts you expect to exclude under the foreign earned income exclusion and the foreign housing exclusion. Harold washington college free tax service In addition, you can reduce your income by your estimated foreign housing deduction. Harold washington college free tax service However, you must estimate tax on your nonexcluded income using the tax rates that will apply had you not excluded the income. Harold washington college free tax service If the actual amount of the exclusion or deduction is less than you estimate, you may have to pay a penalty for underpayment of estimated tax. Harold washington college free tax service   For more information about figuring your estimated tax, see Publication 505. Harold washington college free tax service Other Forms You May Have To File FinCEN Form 114 (replaces Form TD F 90-22. Harold washington college free tax service 1). Harold washington college free tax service   Beginning October 1, 2013, Form 114, Report of Foreign Bank and Financial Accounts (FBAR), must be filed instead of Form TD F 90-22. Harold washington college free tax service 1. Harold washington college free tax service Form 114 is filed electronically with the Financial Crimes Enforcement Network (FinCEN). Harold washington college free tax service See the filing instructions at www. Harold washington college free tax service bsaefiling. Harold washington college free tax service fincen. Harold washington college free tax service treas. Harold washington college free tax service gov/main. Harold washington college free tax service html. Harold washington college free tax service   You must file Form 114 if you had any financial interest in, or signature or other authority over a bank, securities, or other financial account in a foreign country. Harold washington college free tax service You do not need to file the report if the assets are with a U. Harold washington college free tax service S. Harold washington college free tax service military banking facility operated by a financial institution or if the combined assets in the account(s) are $10,000 or less during the entire year. Harold washington college free tax service   More information about the filing of Form 114 can be found in the instructions for the form. Harold washington college free tax service FinCEN Form 105. Harold washington college free tax service   You must file Form 105, Report of International Transportation of Currency or Monetary Instruments, if you physically transport, mail, ship, or cause to be physically transported, mailed, or shipped into or out of the United States, currency or other monetary instruments totaling more than $10,000 at one time. Harold washington college free tax service Certain recipients of currency or monetary instruments also must file Form 105. Harold washington college free tax service   More information about the filing of Form 105 can be found in the instructions on the back of the form. Harold washington college free tax service Form 8938. Harold washington college free tax service   You must file Form 8938 to report the ownership of specified foreign financial assets if the total value of those assets exceeds an applicable threshold amount (the “reporting threshold ”). Harold washington college free tax service The reporting threshold varies depending on whether you live in the United States, are married, or file a joint income tax return with your spouse. Harold washington college free tax service Specified foreign financial assets include any financial account maintained by a foreign financial institution and, to the extent held for investment, any stock, securities, or any other interest in a foreign entity and any financial instrument or contract with an issuer or counterparty that is not a U. Harold washington college free tax service S. Harold washington college free tax service person. Harold washington college free tax service   You may have to pay penalties if you are required to file Form 8938 and fail to do so, or if you have an understatement of tax due to any transaction involving an undisclosed foreign financial asset. Harold washington college free tax service   More information about the filing of Form 8938 can be found in the separate instructions for Form 8938. Harold washington college free tax service Prev  Up  Next   Home   More Online Publications