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

How To File Free State Taxes Online

Where To Get 2012 Tax FormsLate File Taxes2010 1040 EzFile An Amended Tax Return OnlineFree State Tax ReturnHow To Fill Out A 1040ezFree File AllianceFile Tax Extension2012 Tax1040 Nr FormCan I Efile A 2011 Tax ReturnIncome Tax Form 1040ez InstructionsNeed Print 1040x Form2014 1040 Ez1040ez WorksheetHr Block Taxes Online2011 Tax Software Download2013 1040ez Form InstructionsFed 1040ezTelefileFree Tax Filing H&r BlockFreetaxes ComFiling Taxes As A College StudentFree Download Irs 1040 FormH&r Block Advantage E FileFree File State Return1040x Amended Return 2012File 2011 TaxesRevised Tax ReturnIrs 1040v FormState Tax Return For FreeEz Tax ReturnFederal Amended Tax Return Instructions2011 Taxact LoginTax Form 1040x OnlineIrs Easy FormH And R Block Tax SoftwareIrs 2011 TaxesIrs Form EzHow Can I File My 2012 State Taxes For Free

How To File Free State Taxes Online

How to file free state taxes online 16. How to file free state taxes online   Reporting Gains and Losses Table of Contents What's New Introduction Useful Items - You may want to see: Reporting Capital Gains and Losses Exception 1. How to file free state taxes online Exception 2. How to file free state taxes online File Form 1099-B or Form 1099-S with the IRS. How to file free state taxes online Capital Losses Capital Gain Tax Rates What's New Maximum capital gain rates. How to file free state taxes online . How to file free state taxes online  For 2013, the maximum capital gain rates are 0%, 15%, 20%, 25%, and 28%. How to file free state taxes online Introduction This chapter discusses how to report capital gains and losses from sales, exchanges, and other dispositions of investment property on Form 8949 and Schedule D (Form 1040). How to file free state taxes online The discussion includes the following topics. How to file free state taxes online How to report short-term gains and losses. How to file free state taxes online How to report long-term gains and losses. How to file free state taxes online How to figure capital loss carryovers. How to file free state taxes online How to figure your tax on a net capital gain. How to file free state taxes online If you sell or otherwise dispose of property used in a trade or business or for the production of income, see Publication 544, Sales and Other Dispositions of Assets, before completing Schedule D (Form 1040). How to file free state taxes online Useful Items - You may want to see: Publication 537 Installment Sales 544 Sales and Other Dispositions of Assets 550 Investment Income and Expenses Form (and Instructions) 4797 Sales of Business Property 6252 Installment Sale Income 8582 Passive Activity Loss Limitations 8949 Sales and Other Dispositions of Capital Assets Schedule D (Form 1040) Capital Gains and Losses Reporting Capital Gains and Losses Generally, report capital gains and losses on Form 8949. How to file free state taxes online Complete Form 8949 before you complete line 1b, 2, 3, 8b, 9, or 10 of Schedule D (Form 1040). How to file free state taxes online Use Form 8949 to report: The sale or exchange of a capital asset not reported on another form or schedule; Gains from involuntary conversions (other than from casualty or theft) of capital assets not held for business or profit; and Nonbusiness bad debts. How to file free state taxes online Use Schedule D (Form 1040): To figure the overall gain or loss from transactions reported on Form 8949; To report a gain from Form 6252 or Part I of Form 4797; To report a gain or loss from Form 4684, 6781, or 8824; To report capital gain distributions not reported directly on Form 1040 or Form 1040A; To report a capital loss carryover from the previous tax year to the current tax year; To report your share of a gain or (loss) from a partnership, S corporation, estate, or trust; To report transactions reported to you on a Form 1099-B (or substitute statement) showing basis was reported to the IRS and to which none of the Form 8949 adjustments or codes apply; and To report undistributed long-term capital gains from Form 2439. How to file free state taxes online On Form 8949, enter all sales and exchanges of capital assets, including stocks, bonds, etc. How to file free state taxes online , and real estate (if not reported on Form 4684, 4797, 6252, 6781, 8824, or line 1a or 8a of Schedule D). How to file free state taxes online Include these transactions even if you did not receive a Form 1099-B or 1099-S (or substitute statement) for the transaction. How to file free state taxes online Report short-term gains or losses in Part I. How to file free state taxes online Report long-term gains or losses in Part II. How to file free state taxes online Use as many Forms 8949 as you need. How to file free state taxes online Exceptions to filing Form 8949 and Schedule D (Form 1040). How to file free state taxes online   There are certain situations where you may not have to file Form 8949 and/or Schedule D (Form 1040). How to file free state taxes online Exception 1. How to file free state taxes online   You do not have to file Form 8949 or Schedule D (Form 1040) if you have no capital losses and your only capital gains are capital gain distributions from Form(s) 1099-DIV, box 2a (or substitute statements). How to file free state taxes online (If any Form(s) 1099-DIV (or substitute statements) you receive have an amount in box 2b (unrecaptured section 1250 gain), box 2c (section 1202 gain), or box 2d (collectibles (28%) gain), you do not qualify for this exception. How to file free state taxes online ) If you qualify for this exception, report your capital gain distributions directly on line 13 of Form 1040 (and check the box on line 13). How to file free state taxes online Also use the Qualified Dividends and Capital Gain Tax Worksheet in the Form 1040 instructions to figure your tax. How to file free state taxes online You can report your capital gain distributions on line 10 of Form 1040A, instead of on Form 1040, if none of the Forms 1099-DIV (or substitute statements) you received have an amount in box 2b, 2c, or 2d, and you do not have to file Form 1040. How to file free state taxes online Exception 2. How to file free state taxes online   You must file Schedule D (Form 1040), but generally do not have to file Form 8949, if Exception 1 does not apply and your only capital gains and losses are: Capital gain distributions; A capital loss carryover; A gain from Form 2439 or 6252 or Part I of Form 4797; A gain or loss from Form 4684, 6781, or 8824; A gain or loss from a partnership, S corporation, estate, or trust; or Gains and losses from transactions for which you received a Form 1099-B (or substitute statement) that shows the basis was reported to the IRS and for which you do not need to make any adjustments in column (g) of Form 8949 or enter any codes in column (f) of Form 8949. How to file free state taxes online Installment sales. How to file free state taxes online   You cannot use the installment method to report a gain from the sale of stock or securities traded on an established securities market. How to file free state taxes online You must report the entire gain in the year of sale (the year in which the trade date occurs). How to file free state taxes online Passive activity gains and losses. How to file free state taxes online    If you have gains or losses from a passive activity, you may also have to report them on Form 8582. How to file free state taxes online In some cases, the loss may be limited under the passive activity rules. How to file free state taxes online Refer to Form 8582 and its instructions for more information about reporting capital gains and losses from a passive activity. How to file free state taxes online Form 1099-B transactions. How to file free state taxes online   If you sold property, such as stocks, bonds, or certain commodities, through a broker, you should receive Form 1099-B or substitute statement from the broker. How to file free state taxes online Use the Form 1099-B or the substitute statement to complete Form 8949. How to file free state taxes online If you sold a covered security in 2013, your broker should send you a Form 1099-B (or substitute statement) that shows your basis. How to file free state taxes online This will help you complete Form 8949. How to file free state taxes online Generally, a covered security is a security you acquired after 2010. How to file free state taxes online   Report the gross proceeds shown in box 2a of Form 1099-B as the sales price in column (d) of either Part I or Part II of Form 8949, whichever applies. How to file free state taxes online However, if the broker advises you, in box 2a of Form 1099-B, that gross proceeds (sales price) less commissions and option premiums were reported to the IRS, enter that net sales price in column (d) of either Part I or Part II of Form 8949, whichever applies. How to file free state taxes online    Include in column (g) any expense of sale, such as broker's fees, commissions, state and local transfer taxes, and option premiums, unless you reported the net sales price in column (d). How to file free state taxes online If you include an expense of sale in column (g), enter “E” in column (f). How to file free state taxes online Form 1099-CAP transactions. How to file free state taxes online   If a corporation in which you own stock has had a change in control or a substantial change in capital structure, you should receive Form 1099-CAP or a substitute statement from the corporation. How to file free state taxes online Use the Form 1099-CAP or substitute statement to fill in Form 8949. How to file free state taxes online If your computations show that you would have a loss because of the change, do not enter any amounts on Form 8949 or Schedule D (Form 1040). How to file free state taxes online You cannot claim a loss on Schedule D (Form 1040) as a result of this transaction. How to file free state taxes online   Report the aggregate amount received shown in box 2 of Form 1099-CAP as the sales price in column (d) of either Part I or Part II of Form 8949, whichever applies. How to file free state taxes online Form 1099-S transactions. How to file free state taxes online   If you sold or traded reportable real estate, you generally should receive from the real estate reporting person a Form 1099-S showing the gross proceeds. How to file free state taxes online    “Reportable real estate” is defined as any present or future ownership interest in any of the following: Improved or unimproved land, including air space; Inherently permanent structures, including any residential, commercial, or industrial building; A condominium unit and its accessory fixtures and common elements, including land; and Stock in a cooperative housing corporation (as defined in section 216 of the Internal Revenue Code). How to file free state taxes online   A “real estate reporting person” could include the buyer's attorney, your attorney, the title or escrow company, a mortgage lender, your broker, the buyer's broker, or the person acquiring the biggest interest in the property. How to file free state taxes online   Your Form 1099-S will show the gross proceeds from the sale or exchange in box 2. How to file free state taxes online See the Instructions for Form 8949 and the Instructions for Schedule D (Form 1040) for how to report these transactions and include them in Part I or Part II of Form 8949 as appropriate. How to file free state taxes online However, report like-kind exchanges on Form 8824 instead. How to file free state taxes online   It is unlawful for any real estate reporting person to separately charge you for complying with the requirement to file Form 1099-S. How to file free state taxes online Nominees. How to file free state taxes online   If you receive gross proceeds as a nominee (that is, the gross proceeds are in your name but actually belong to someone else), see the Instructions for Form 8949 for how to report these amounts on Form 8949. How to file free state taxes online File Form 1099-B or Form 1099-S with the IRS. How to file free state taxes online   If you received gross proceeds as a nominee in 2013, you must file a Form 1099-B or Form 1099-S for those proceeds with the IRS. How to file free state taxes online Send the Form 1099-B or Form 1099-S with a Form 1096, Annual Summary and Transmittal of U. How to file free state taxes online S. How to file free state taxes online Information Returns, to your Internal Revenue Service Center by February 28, 2014 (March 31, 2014, if you file Form 1099-B or Form 1099-S electronically). How to file free state taxes online Give the actual owner of the proceeds Copy B of the Form 1099-B or Form 1099-S by February 18, 2014. How to file free state taxes online On Form 1099-B, you should be listed as the “Payer. How to file free state taxes online ” The other owner should be listed as the “Recipient. How to file free state taxes online ” On Form 1099-S, you should be listed as the “Filer. How to file free state taxes online ” The other owner should be listed as the “Transferor. How to file free state taxes online ” You do not have to file a Form 1099-B or Form 1099-S to show proceeds for your spouse. How to file free state taxes online For more information about the reporting requirements and the penalties for failure to file (or furnish) certain information returns, see the General Instructions for Certain Information Returns. How to file free state taxes online If you are filing electronically see Publication 1220. How to file free state taxes online Sale of property bought at various times. How to file free state taxes online   If you sell a block of stock or other property that you bought at various times, report the short-term gain or loss from the sale on one row in Part I of Form 8949, and the long-term gain or loss on one row in Part II of Form 8949. How to file free state taxes online Write “Various” in column (b) for the “Date acquired. How to file free state taxes online ” Sale expenses. How to file free state taxes online    On Form 8949, include in column (g) any expense of sale, such as broker's fees, commissions, state and local transfer taxes, and option premiums, unless you reported the net sales price in column (d). How to file free state taxes online If you include an expense of sale in column (g), enter “E” in column (f). How to file free state taxes online   For more information about adjustments to basis, see chapter 13. How to file free state taxes online Short-term gains and losses. How to file free state taxes online   Capital gain or loss on the sale or trade of investment property held 1 year or less is a short-term capital gain or loss. How to file free state taxes online You report it in Part I of Form 8949. How to file free state taxes online   You combine your share of short-term capital gain or loss from partnerships, S corporations, estates, and trusts, and any short-term capital loss carryover, with your other short-term capital gains and losses to figure your net short-term capital gain or loss on line 7 of Schedule D (Form 1040). How to file free state taxes online Long-term gains and losses. How to file free state taxes online    A capital gain or loss on the sale or trade of investment property held more than 1 year is a long-term capital gain or loss. How to file free state taxes online You report it in Part II of Form 8949. How to file free state taxes online   You report the following in Part II of Schedule D (Form 1040): Undistributed long-term capital gains from a mutual fund (or other regulated investment company) or real estate investment trust (REIT); Your share of long-term capital gains or losses from partnerships, S corporations, estates, and trusts; All capital gain distributions from mutual funds and REITs not reported directly on line 10 of Form 1040A or line 13 of Form 1040; and Long-term capital loss carryovers. How to file free state taxes online    The result after combining these items with your other long-term capital gains and losses is your net long-term capital gain or loss (Schedule D (Form 1040), line 15). How to file free state taxes online Total net gain or loss. How to file free state taxes online   To figure your total net gain or loss, combine your net short-term capital gain or loss (Schedule D (Form 1040), line 7) with your net long-term capital gain or loss (Schedule D (Form 1040), line 15). How to file free state taxes online Enter the result on Schedule D (Form 1040), Part III, line 16. How to file free state taxes online If your losses are more than your gains, see Capital Losses , next. How to file free state taxes online If both lines 15 and 16 of your Schedule D (Form 1040) are gains and your taxable income on your Form 1040 is more than zero, see Capital Gain Tax Rates , later. How to file free state taxes online Capital Losses If your capital losses are more than your capital gains, you can claim a capital loss deduction. How to file free state taxes online Report the amount of the deduction on line 13 of Form 1040, in parentheses. How to file free state taxes online Limit on deduction. How to file free state taxes online   Your allowable capital loss deduction, figured on Schedule D (Form 1040), is the lesser of: $3,000 ($1,500 if you are married and file a separate return); or Your total net loss as shown on line 16 of Schedule D (Form 1040). How to file free state taxes online   You can use your total net loss to reduce your income dollar for dollar, up to the $3,000 limit. How to file free state taxes online Capital loss carryover. How to file free state taxes online   If you have a total net loss on line 16 of Schedule D (Form 1040) that is more than the yearly limit on capital loss deductions, you can carry over the unused part to the next year and treat it as if you had incurred it in that next year. How to file free state taxes online If part of the loss is still unused, you can carry it over to later years until it is completely used up. How to file free state taxes online   When you figure the amount of any capital loss carryover to the next year, you must take the current year's allowable deduction into account, whether or not you claimed it and whether or not you filed a return for the current year. How to file free state taxes online   When you carry over a loss, it remains long term or short term. How to file free state taxes online A long-term capital loss you carry over to the next tax year will reduce that year's long-term capital gains before it reduces that year's short-term capital gains. How to file free state taxes online Figuring your carryover. How to file free state taxes online   The amount of your capital loss carryover is the amount of your total net loss that is more than the lesser of: Your allowable capital loss deduction for the year; or Your taxable income increased by your allowable capital loss deduction for the year and your deduction for personal exemptions. How to file free state taxes online   If your deductions are more than your gross income for the tax year, use your negative taxable income in computing the amount in item (2). How to file free state taxes online    Complete the Capital Loss Carryover Worksheet in the Instructions for Schedule D or Publication 550 to determine the part of your capital loss that you can carry over. How to file free state taxes online Example. How to file free state taxes online Bob and Gloria sold securities in 2013. How to file free state taxes online The sales resulted in a capital loss of $7,000. How to file free state taxes online They had no other capital transactions. How to file free state taxes online Their taxable income was $26,000. How to file free state taxes online On their joint 2013 return, they can deduct $3,000. How to file free state taxes online The unused part of the loss, $4,000 ($7,000 − $3,000), can be carried over to 2014. How to file free state taxes online If their capital loss had been $2,000, their capital loss deduction would have been $2,000. How to file free state taxes online They would have no carryover. How to file free state taxes online Use short-term losses first. How to file free state taxes online   When you figure your capital loss carryover, use your short-term capital losses first, even if you incurred them after a long-term capital loss. How to file free state taxes online If you have not reached the limit on the capital loss deduction after using the short-term capital losses, use the long-term capital losses until you reach the limit. How to file free state taxes online Decedent's capital loss. How to file free state taxes online    A capital loss sustained by a decedent during his or her last tax year (or carried over to that year from an earlier year) can be deducted only on the final income tax return filed for the decedent. How to file free state taxes online The capital loss limits discussed earlier still apply in this situation. How to file free state taxes online The decedent's estate cannot deduct any of the loss or carry it over to following years. How to file free state taxes online Joint and separate returns. How to file free state taxes online   If you and your spouse once filed separate returns and are now filing a joint return, combine your separate capital loss carryovers. How to file free state taxes online However, if you and your spouse once filed a joint return and are now filing separate returns, any capital loss carryover from the joint return can be deducted only on the return of the spouse who actually had the loss. How to file free state taxes online Capital Gain Tax Rates The tax rates that apply to a net capital gain are generally lower than the tax rates that apply to other income. How to file free state taxes online These lower rates are called the maximum capital gain rates. How to file free state taxes online The term “net capital gain” means the amount by which your net long-term capital gain for the year is more than your net short-term capital loss. How to file free state taxes online For 2013, the maximum capital gain rates are 0%, 15%, 20%, 25%, and 28%. How to file free state taxes online See Table 16-1 for details. How to file free state taxes online If you figure your tax using the maximum capital gain rate and the regular tax computation results in a lower tax, the regular tax computation applies. How to file free state taxes online Example. How to file free state taxes online All of your net capital gain is from selling collectibles, so the capital gain rate would be 28%. How to file free state taxes online If you are otherwise subject to a rate lower than 28%, the 28% rate does not apply. How to file free state taxes online Investment interest deducted. How to file free state taxes online   If you claim a deduction for investment interest, you may have to reduce the amount of your net capital gain that is eligible for the capital gain tax rates. How to file free state taxes online Reduce it by the amount of the net capital gain you choose to include in investment income when figuring the limit on your investment interest deduction. How to file free state taxes online This is done on the Schedule D Tax Worksheet or the Qualified Dividends and Capital Gain Tax Worksheet. How to file free state taxes online For more information about the limit on investment interest, see Interest Expenses in chapter 3 of Publication 550. How to file free state taxes online Table 16-1. How to file free state taxes online What Is Your Maximum Capital Gain Rate? IF your net capital gain is from . How to file free state taxes online . How to file free state taxes online . How to file free state taxes online THEN your  maximum capital gain rate is . How to file free state taxes online . How to file free state taxes online . How to file free state taxes online a collectibles gain 28% an eligible gain on qualified small business stock minus the section 1202 exclusion 28% an unrecaptured section 1250 gain 25% other gain1 and the regular tax rate that would apply is 39. How to file free state taxes online 6% 20% other gain1 and the regular tax rate that would apply is 25%, 28%, 33%, or 35% 15% other gain1 and the regular tax rate that would apply is 10% or 15% 0% 1 Other gain means any gain that is not collectibles gain, gain on qualified small business stock, or unrecaptured section 1250 gain. How to file free state taxes online     Collectibles gain or loss. How to file free state taxes online   This is gain or loss from the sale or trade of a work of art, rug, antique, metal (such as gold, silver, and platinum bullion), gem, stamp, coin, or alcoholic beverage held more than 1 year. How to file free state taxes online   Collectibles gain includes gain from sale of an interest in a partnership, S corporation, or trust due to unrealized appreciation of collectibles. How to file free state taxes online Gain on qualified small business stock. How to file free state taxes online    If you realized a gain from qualified small business stock that you held more than 5 years, you generally can exclude some or all of your gain under section 1202. How to file free state taxes online The eligible gain minus your section 1202 exclusion is a 28% rate gain. How to file free state taxes online See Gains on Qualified Small Business Stock in chapter 4 of Publication 550. How to file free state taxes online Unrecaptured section 1250 gain. How to file free state taxes online    Generally, this is any part of your capital gain from selling section 1250 property (real property) that is due to depreciation (but not more than your net section 1231 gain), reduced by any net loss in the 28% group. How to file free state taxes online Use the Unrecaptured Section 1250 Gain Worksheet in the Schedule D (Form 1040) instructions to figure your unrecaptured section 1250 gain. How to file free state taxes online For more information about section 1250 property and section 1231 gain, see chapter 3 of Publication 544. How to file free state taxes online Tax computation using maximum capital gain rates. How to file free state taxes online   Use the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet (whichever applies) to figure your tax if you have qualified dividends or net capital gain. How to file free state taxes online You have net capital gain if Schedule D (Form 1040), lines 15 and 16, are both gains. How to file free state taxes online Schedule D Tax Worksheet. How to file free state taxes online   Use the Schedule D Tax Worksheet in the Schedule D (Form 1040) instructions to figure your tax if: You have to file Schedule D (Form 1040); and Schedule D (Form 1040), line 18 (28% rate gain) or line 19 (unrecaptured section 1250 gain), is more than zero. How to file free state taxes online Qualified Dividends and Capital Gain Tax Worksheet. How to file free state taxes online   If you do not have to use the Schedule D Tax Worksheet (as explained above) and any of the following apply, use the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040 or Form 1040A (whichever you file) to figure your tax. How to file free state taxes online You received qualified dividends. How to file free state taxes online (See Qualified Dividends in chapter 8. How to file free state taxes online ) You do not have to file Schedule D (Form 1040) and you received capital gain distributions. How to file free state taxes online (See Exceptions to filing Form 8949 and Schedule D (Form 1040) , earlier. How to file free state taxes online ) Schedule D (Form 1040), lines 15 and 16, are both more than zero. How to file free state taxes online Alternative minimum tax. How to file free state taxes online   These capital gain rates are also used in figuring alternative minimum tax. How to file free state taxes online Prev  Up  Next   Home   More Online Publications
Español

National Runaway Switchboard (NRS)

The mission of the National Runaway Switchboard (NRS) is to help keep America? runaway and at-risk youth safe and off the streets. The organization serves as the federally designated national communication system for runaway and homeless youth.

Contact the Agency or Department

Website: National Runaway Switchboard (NRS)

E-mail:

Address: 3080 N. Lincoln Ave.
Chicago, IL 60657

Phone Number: 773-880-9860

Toll-free: 1-800-786-2929 (24 hrs./7 days a week)

The How To File Free State Taxes Online

How to file free state taxes online 8. How to file free state taxes online   Foreign Insurance Taxes Table of Contents Premium. How to file free state taxes online Tax is imposed on insurance policies issued by foreign insurers. How to file free state taxes online Any person who makes, signs, issues, or sells any of the documents and instruments subject to the tax, or for whose use or benefit they are made, signed, issued, or sold, is liable for the tax. How to file free state taxes online The following tax rates apply to each dollar (or fraction thereof) of the premium paid. How to file free state taxes online Casualty insurance and indemnity, fidelity, and surety bonds: 4 cents. How to file free state taxes online For example, on a premium payment of $10. How to file free state taxes online 10, the tax is 44 cents. How to file free state taxes online Life, sickness, and accident insurance, and annuity contracts: 1 cent. How to file free state taxes online For example, on a premium payment of $10. How to file free state taxes online 10, the tax is 11 cents. How to file free state taxes online Reinsurance policies covering any of the taxable contracts described in items (1) and (2): 1 cent. How to file free state taxes online However, the tax does not apply to casualty insurance premiums paid to foreign insurers for coverage of export goods in transit to foreign destinations. How to file free state taxes online Premium. How to file free state taxes online   Premium means the agreed price or consideration for assuming and carrying the risk or obligation. How to file free state taxes online It includes any additional charge or assessment payable under the contract, whether in one sum or installments. How to file free state taxes online If premiums are refunded, claim the tax paid on those premiums as an overpayment against tax due on other premiums paid or file a claim for refund. How to file free state taxes online When liability attaches. How to file free state taxes online   The liability for this tax attaches when the premium payment is transferred to the foreign insurer or reinsurer (including transfers to any bank, trust fund, or similar recipient designated by the foreign insurer or reinsurer) or to any nonresident agent, solicitor, or broker. How to file free state taxes online A person can pay the tax before the liability attaches if the person keeps records consistent with that practice. How to file free state taxes online Who must file. How to file free state taxes online   The person who pays the premium to the foreign insurer (or to any nonresident person such as a foreign broker) must pay the tax and file the return. How to file free state taxes online Otherwise, any person who issued or sold the policy, or who is insured under the policy, is required to pay the tax and file the return. How to file free state taxes online    The person liable for this tax must keep accurate records that identify each policy or instrument subject to tax. How to file free state taxes online These records must clearly establish the type of policy or instrument, the gross premium paid, the identity of the insured and insurer, and the total premium charged. How to file free state taxes online If the premium is to be paid in installments, the records must also establish the amount and anniversary date of each installment. How to file free state taxes online   The records must be kept at the place of business or other convenient location for at least 3 years after the later of the date any part of the tax became due, or the date any part of the tax was paid. How to file free state taxes online During this period, the records must be readily accessible to the IRS. How to file free state taxes online   The person having control or possession of a policy or instrument subject to this tax must keep the policy for at least 3 years after the date any part of the tax on it was paid. How to file free state taxes online For information on reinsurance premiums paid from one foreign insurer to another foreign insurer, see Rev. How to file free state taxes online Rul. How to file free state taxes online 2008-15. How to file free state taxes online You can find Rev. How to file free state taxes online Rul. How to file free state taxes online 2008-15 on page 633 of I. How to file free state taxes online R. How to file free state taxes online B. How to file free state taxes online 2008-12 at www. How to file free state taxes online irs. How to file free state taxes online gov/pub/irs-irbs/irb08-12. How to file free state taxes online pdf. How to file free state taxes online Treaty-based positions under IRC 6114. How to file free state taxes online   You may have to file an annual report disclosing the amount of premiums exempt from United States excise tax as a result of the application of a treaty with the United States that overrides (or otherwise modifies) any provision of the Internal Revenue Code. How to file free state taxes online   Attach any disclosure statement to the first quarter Form 720. How to file free state taxes online You may be able to use Form 8833, Treaty-Based Return Position Disclosure Under Section 6114 or 7701(b), as a disclosure statement. How to file free state taxes online See the Instructions for Form 720 for information on how and where to file. How to file free state taxes online   See Revenue Procedure 92-14 in Cumulative Bulletin 1992-1 for procedures you can use to claim a refund of this tax under certain U. How to file free state taxes online S. How to file free state taxes online treaties. How to file free state taxes online Prev  Up  Next   Home   More Online Publications