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

Hr Block E File

Online 1040ez FormFiling State Income TaxH&r Block File TaxesIrs Forms For 2009Filing 2012 Tax Returns1040eztaxformE File Tax Extension Free1040ez File Online Free2006 Tax Software Free Download1040 Us Individual Income Tax Return 20122012 Ez Tax FormCan I File Amended Tax Return OnlineFree State Income Tax FormTax Planning Us 1040File TaxesFree E-file State TaxesFree Tax 2007Free Income Tax Preparation1040 Ez Tax Form 2012Free 1040ez FormE File TaxesForm 1040ez More:label_form_201040ez More:taxesDo My 2012 Taxes Online For FreeAmend 2010 Tax Return FreeIrs Gov Form 1040ezWww.1040ez.comTurbotax 2010 FreeMilitary State Income TaxIncome Tax ExtensionHow Can I File 2012 TaxesIrs 1040 Form1040nr Tax Return1040ez Free File OnlineFree Turbo Tax Filing 20132011 1040ez Federal Income Tax Filing OnlineTax Forms 2010Does H&r Block Do Taxes For FreeFree Self Tax Preparation OnlinePrint 1040ez Federal Tax FormHow To Do An Amended Tax Return

Hr Block E File

Hr block e file 1. Hr block e file   Canceled Debts Table of Contents General RulesForm 1099-C Discounts and loan modifications Sales or other dispositions (such as foreclosures and repossessions) Abandonments Stockholder debt This chapter discusses the tax treatment of canceled debts. Hr block e file General Rules Generally, if a debt for which you are personally liable is forgiven or discharged for less than the full amount owed, the debt is considered canceled in whatever amount it remained unpaid. Hr block e file There are exceptions to this rule, discussed under Exceptions , later. Hr block e file Generally, you must include the canceled debt in your income. Hr block e file However, you may be able to exclude the canceled debt. Hr block e file See Exclusions , later. Hr block e file Example. Hr block e file John owed $1,000 to Mary. Hr block e file Mary agreed to accept and John paid $400 in satisfaction of the entire debt. Hr block e file John has canceled debt of $600. Hr block e file Example. Hr block e file Margaret owed $1,000 to Henry. Hr block e file Henry and Margaret agreed that Margaret would provide Henry with services (instead of money) in full satisfaction of the debt. Hr block e file Margaret does not have canceled debt. Hr block e file Instead, she has income from services. Hr block e file A debt includes any indebtedness: For which you are liable, or Subject to which you hold property. Hr block e file Debt for which you are personally liable is recourse debt. Hr block e file All other debt is nonrecourse debt. Hr block e file If you are not personally liable for the debt, you do not have ordinary income from the cancellation of debt unless you retain the collateral and either: The lender offers a discount for the early payment of the debt, or The lender agrees to a loan modification that results in the reduction of the principal balance of the debt. Hr block e file See Discounts and loan modifications , later. Hr block e file However, upon the disposition of the property securing a nonrecourse debt, the amount realized includes the entire unpaid amount of the debt, not just the FMV of the property. Hr block e file As a result, you may realize a gain or loss if the outstanding debt immediately before the disposition is more or less than your adjusted basis in the property. Hr block e file For more details on figuring your gain or loss, see chapter 2 of this publication or see Publication 544. Hr block e file There are several exceptions and exclusions that may result in part or all of a canceled debt being nontaxable. Hr block e file See Exceptions and Exclusions, later. Hr block e file You must report any taxable canceled debt as ordinary income on: Form 1040 or Form 1040NR, line 21, if the debt is a nonbusiness debt; Schedule C (Form 1040), line 6 (or Schedule C-EZ (Form 1040), line 1), if the debt is related to a nonfarm sole proprietorship; Schedule E (Form 1040), line 3, if the debt is related to nonfarm rental of real property; Form 4835, line 6, if the debt is related to a farm rental activity for which you use Form 4835 to report farm rental income based on crops or livestock produced by a tenant; or Schedule F (Form 1040), line 8, if the debt is farm debt and you are a farmer. Hr block e file Form 1099-C If you receive a Form 1099-C, that means an applicable entity has reported an identifiable event to the IRS regarding a debt you owe. Hr block e file The identifiable event may be an actual cancellation of the debt or it may be an event the applicable entity is required, solely for purposes of reporting to the IRS, to treat as a cancellation of debt. Hr block e file For information on the reasons an applicable entity files Form 1099-C, see Identifiable event codes, later. Hr block e file Unless you meet one of the exceptions or exclusions discussed later, this canceled debt is ordinary income and must be reported on the appropriate form discussed above. Hr block e file An applicable entity includes: A federal government agency, A financial institution, A credit union, and Any organization a significant trade or business of which is lending money. Hr block e file Identifiable event codes. Hr block e file    Box 6 of Form 1099-C should indicate the reason the creditor filed this form. Hr block e file The codes shown in box 6 are explained below. Hr block e file Also see the chart after the explanation for a quick reference guide for the codes used in Box 6. Hr block e file Note. Hr block e file Codes A through G and I identify specific occurrences resulting from an actual discharge of indebtedness. Hr block e file However, Code H, Expiration of nonpayment testing period, does not necessarily identify an actual discharge of indebtedness. Hr block e file Code A — Bankruptcy. Hr block e file Code A is used to identify cancellation of debt as a result of a title 11 bankruptcy case. Hr block e file See Bankruptcy , later. Hr block e file Code B — Other judicial debt relief. Hr block e file Code B is used to identify cancellation of debt as a result of a receivership, foreclosure, or similar federal or state court proceeding other than bankruptcy. Hr block e file Code C — Statute of limitations or expiration of deficiency period. Hr block e file Code C is used to identify cancellation of debt either when the statute of limitations for collecting the debt expires or when the statutory period for filing a claim or beginning a deficiency judgment proceeding expires. Hr block e file In the case of the expiration of a statute of limitations, an identifiable event occurs only if and when your affirmative defense of the statute of limitations is upheld in a final judgment or decision in a judicial proceeding, and the period for appealing the judgment or decision has expired. Hr block e file Code D — Foreclosure election. Hr block e file Code D is used to identify cancellation of debt when the creditor elects foreclosure remedies that statutorily end or bar the creditor's right to pursue collection of the debt. Hr block e file This event applies to a mortgage lender or holder who is barred from pursuing debt collection after a power of sale in the mortgage or deed of trust is exercised. Hr block e file Code E — Debt relief from probate or similar proceeding. Hr block e file Code E is used to identify cancellation of debt as a result of a probate court or similar legal proceeding. Hr block e file Code F — By agreement. Hr block e file Code F is used to identify cancellation of debt as a result of an agreement between the creditor and the debtor to cancel the debt at less than full consideration. Hr block e file Code G — Decision or policy to discontinue collection. Hr block e file Code G is used to identify cancellation of debt as a result of a decision or a defined policy of the creditor to discontinue collection activity and cancel the debt. Hr block e file For purposes of this identifiable event, a defined policy includes both a written policy and the creditor's established business practice. Hr block e file Code H — Expiration of nonpayment testing period. Hr block e file Code H is used to indicate that the creditor has not received a payment on the debt during a testing period ending on December 31, 2013. Hr block e file The testing period is a 36-month period increased by the number of months the creditor was prevented from engaging in collection activity by a stay in bankruptcy or similar bar under state or local law. Hr block e file This identifiable event applies only for a creditor that is a financial institution or credit union (and certain of their subsidiaries), the Federal Deposit Insurance Corporation (FDIC), Resolution Trust Corporation (RTC), National Credit Union Administration (NCUA), and other Federal executive agencies. Hr block e file Expiration of the nonpayment testing period does not necessarily result from an actual discharge of indebtedness. Hr block e file Code I — Other actual discharge before identifiable event. Hr block e file Code I is used to identify an actual cancellation of debt that occurs before any of the identifiable events described in codes A through H. Hr block e file Form 1099-C Reference Guide for Box 6 Identifiable Event Codes A Bankruptcy B Other judicial debt relief C Statute of limitations or expiration of deficiency period D Foreclosure election E Debt relief from probate or similar proceeding F By agreement G Decision or policy to discontinue collection H Expiration of nonpayment testing period I Other actual discharge before identifiable event Even if you did not receive a Form 1099-C, you must report canceled debt as gross income on your tax return unless one of the exceptions or exclusions described later applies. Hr block e file Amount of canceled debt. Hr block e file    The amount in box 2 of Form 1099-C may represent some or all of the debt that has been canceled or treated as canceled. Hr block e file The amount in box 2 will include principal and may include interest and other nonprincipal amounts (such as fees or penalties). Hr block e file Unless you meet one of the exceptions or exclusions discussed later, the amount of the debt that has been canceled is ordinary income and must be reported on the appropriate form as discussed earlier. Hr block e file Interest included in canceled debt. Hr block e file    If any interest is included in the amount of canceled debt in box 2, it will be shown in box 3. Hr block e file Whether the interest portion of the canceled debt must be included in your income depends on whether the interest would be deductible if you paid it. Hr block e file See Deductible Debt under Exceptions, later. Hr block e file Persons who each receive a Form 1099-C showing the full amount of debt. Hr block e file    If you and another person were jointly and severally liable for a canceled debt, each of you may get a Form 1099-C showing the entire amount of the canceled debt. Hr block e file However, you may not have to report that entire amount as income. Hr block e file The amount, if any, you must report depends on all the facts and circumstances, including: State law, The amount of debt proceeds each person received, How much of any interest deduction from the debt was claimed by each person, How much of the basis of any co-owned property bought with the debt proceeds was allocated to each co-owner, and Whether the canceled debt qualifies for any of the exceptions or exclusions described in this publication. Hr block e file See Example 3 under Insolvency, later. Hr block e file Discounts and loan modifications If a lender discounts (reduces) the principal balance of a loan because you pay it off early, or agrees to a loan modification (a “workout”) that includes a reduction in the principal balance of a loan, the amount of the discount or the amount of principal reduction is canceled debt. Hr block e file However, if the debt is nonrecourse and you did not retain the collateral, you do not have cancellation of the debt income. Hr block e file The amount of the canceled debt must be included in income unless one of the exceptions or exclusions described later applies. Hr block e file For more details, see Exceptions and Exclusions, later. Hr block e file Sales or other dispositions (such as foreclosures and repossessions) Recourse debt. Hr block e file   If you owned property that was subject to a recourse debt in excess of the FMV of the property, the lender's foreclosure or repossession of the property is treated as a sale or disposition of the property by you and may result in your realization of gain or loss. Hr block e file The gain or loss on the disposition of the property is measured by the difference between the FMV of the property at the time of the disposition and your adjusted basis (usually your cost) in the property. Hr block e file The character of the gain or loss (such as ordinary or capital) is determined by the character of the property. Hr block e file If the lender forgives all or part of the amount of the debt in excess of the FMV of the property, the cancellation of the excess debt may result in ordinary income. Hr block e file The ordinary income from the cancellation of debt (the excess of the canceled debt over the FMV of the property) must be included in your gross income reported on your tax return unless one of the exceptions or exclusions described later applies. Hr block e file For more details, see Exceptions and Exclusions, later. Hr block e file Nonrecourse debt. Hr block e file   If you owned property that was subject to a nonrecourse debt in excess of the FMV of the property, the lender's foreclosure on the property does not result in ordinary income from the cancellation of debt. Hr block e file The entire amount of the nonrecourse debt is treated as an amount realized on the disposition of the property. Hr block e file The gain or loss on the disposition of the property is measured by the difference between the total amount realized (the entire amount of the nonrecourse debt plus the amount of cash and the FMV of any property received) and your adjusted basis in the property. Hr block e file The character of the gain or loss is determined by the character of the property. Hr block e file More information. Hr block e file    See Publications 523, 544, and 551, and chapter 2 of this publication for more details. Hr block e file Abandonments Recourse debt. Hr block e file   If you abandon property that secures a debt for which you are personally liable (recourse debt) and the debt is canceled, you will realize ordinary income equal to the canceled debt. Hr block e file You must report this income on your tax return unless one of the exceptions or exclusions described later applies. Hr block e file For more details, see Exceptions and Exclusions, later. Hr block e file This income is separate from any amount realized from the abandonment of the property. Hr block e file For more details, see chapter 3. Hr block e file Nonrecourse debt. Hr block e file   If you abandon property that secures a debt for which you are not personally liable (nonrecourse debt), you may realize gain or loss but will not have cancellation of indebtedness income. Hr block e file Stockholder debt If you are a stockholder in a corporation and the corporation cancels or forgives your debt to it, the canceled debt is a constructive distribution. Hr block e file For more information, see Publication 542, Corporations. Hr block e file Prev  Up  Next   Home   More Online Publications

Criminal Enforcement Topics

 

 

Print - Click this link to Print this page

How to Make an Offshore Voluntary Disclosure

The Offshore Voluntary Disclosure Program is offered to those taxpayers with undisclosed offshore accounts or assets. Please follow the process outlined below. You should refer to How to Make a Domestic Voluntary Disclosure if the undisclosed accounts are domestic in nature.

Pre-Clearance:

Taxpayers or representatives may fax to the IRS Criminal Investigation Lead Development Center at (267) 941-1115 the taxpayers' name, date of birth, social security number and address (if the taxpayer is represented by a tax professional, an executed power of attorney must be included).  

IRS Criminal Investigation will then notify taxpayers or their representatives via fax whether or not they have been cleared to make a voluntary disclosure using the Offshore Voluntary Disclosures Letter. Taxpayers or representatives with questions regarding the pre-clearance can call (267) 941-1607 or contact their nearest Criminal Investigation Office.

Note: Pre-clearance does not guarantee a taxpayer acceptance into the Offshore Voluntary Disclosure Program.    

Offshore Voluntary Disclosure Letter

If the taxpayer chooses to submit a pre-clearance request, after the taxpayer receives a pre-clearance notification, the taxpayer will have 30 days from receipt of the fax notification to complete the Offshore Voluntary Disclosure Letter and attachment (under documents). If the taxpayer chooses to bypass the pre-clearance process, the taxpayer must mail the Offshore Voluntary Disclosures Letter to the following address: 


Internal Revenue Service 
Criminal Investigation
ATTN:  Offshore Voluntary Disclosure Coordinator
Philadelphia Lead Development Center
1-D04-100
2970 Market Street
Philadelphia, PA 19104

The IRS will review the offshore Voluntary Disclosures Letters and notify the taxpayer or representative by mail whether the voluntary disclosure has been preliminarily accepted or declined. 

Complete Voluntary Disclosure Package

Once the voluntary disclosure has been preliminarily accepted, the taxpayer should send the full voluntary disclosure package to:

Internal Revenue Service
3651 S. I H 35 Stop 4301 AUSC
Austin, TX  78741
ATTN: 2011 Offshore Voluntary Disclosure Initiative

Opt Out Procedure

Taxpayers may request to opt out of the civil settlement structure of the 2009 Offshore Voluntary Disclosure Program or 2011 Offshore Voluntary Disclosure Initiative.  For specific information on the opt out process, see questions 51.1 through 51.3 under the 2011 OVDI Frequently Asked Questions and Answers.

Tax administration questions such as Where's My Refund or Where Do I File can be addressed by other IRS offices

 


Frequently Asked Questions (FAQs)

IRS Criminal Investigation Home Page

Page Last Reviewed or Updated: 24-Mar-2014

The Hr Block E File

Hr block e file Publication 600 - Additional Material Table of Contents Please click here for the text description of the image. Hr block e file Electronic Filing (E-file) Please click here for the text description of the image. Hr block e file Electronic Filing (e-file) This image is too large to be displayed in the current screen. Hr block e file Please click the link to view the image. Hr block e file Electronic Filing (e-file) Please click here for the text description of the image. Hr block e file Electronic Filing (e-file) Prev  Up     Home   More Online Publications