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I Did Not File 2011 Taxes

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I Did Not File 2011 Taxes

I did not file 2011 taxes 3. I did not file 2011 taxes   Limit on Annual Additions Table of Contents Ministers and church employees. I did not file 2011 taxes Includible Compensation for Your Most Recent Year of ServiceMost Recent Year of Service Includible Compensation The first component of MAC is the limit on annual additions. I did not file 2011 taxes This is a limit on the total contributions (elective deferrals, nonelective contributions, and after-tax contributions) that can be made to your 403(b) account. I did not file 2011 taxes The limit on annual additions generally is the lesser of: $51,000 for 2013 and $52,000 for 2014, or 100% of your includible compensation for your most recent year of service. I did not file 2011 taxes More than one 403(b) account. I did not file 2011 taxes If you contributed to more than one 403(b) account, you must combine the contributions made to all 403(b) accounts on your behalf by your employer. I did not file 2011 taxes Ministers and church employees. I did not file 2011 taxes   If you are a minister or a church employee, you may be able to increase your limit on annual additions or use different rules when figuring your limit on annual additions. I did not file 2011 taxes For more information, see chapter 5. I did not file 2011 taxes Participation in a qualified plan. I did not file 2011 taxes If you participated in a 403(b) plan and a qualified plan, you must combine contributions made to your 403(b) account with contributions to a qualified plan and simplified employee pensions of all corporations, partnerships, and sole proprietorships in which you have more than 50% control. I did not file 2011 taxes You can use Part I of Worksheet 1 in chapter 9 to figure your limit on annual additions. I did not file 2011 taxes Includible Compensation for Your Most Recent Year of Service Definition. I did not file 2011 taxes   Generally, includible compensation for your most recent year of service is the amount of taxable wages and benefits you received from the employer that maintained a 403(b) account for your benefit during your most recent year of service. I did not file 2011 taxes When figuring your includible compensation for your most recent year of service, keep in mind that your most recent year of service may not be the same as your employer's most recent annual work period. I did not file 2011 taxes This can happen if your tax year is not the same as your employer's annual work period. I did not file 2011 taxes When figuring includible compensation for your most recent year of service, do not mix compensation or service of one employer with compensation or service of another employer. I did not file 2011 taxes Most Recent Year of Service Your most recent year of service is your last full year of service, ending on the last day of your tax year that you worked for the employer that maintained a 403(b) account on your behalf. I did not file 2011 taxes Tax year different from employer's annual work period. I did not file 2011 taxes   If your tax year is not the same as your employer's annual work period, your most recent year of service is made up of parts of at least two of your employer's annual work periods. I did not file 2011 taxes Example. I did not file 2011 taxes A professor who reports her income on a calendar-year basis is employed on a full-time basis by a university that operates on an academic year (October through May). I did not file 2011 taxes To figure her includible compensation for 2013, the professor's most recent year of service is her service from January through May 2013 and from October through December 2013. I did not file 2011 taxes Figuring Your Most Recent Year of Service To figure your most recent year of service, begin by determining what is a full year of service for your position. I did not file 2011 taxes A full year of service is equal to full-time employment for your employer's annual work period. I did not file 2011 taxes After identifying a full year of service, begin counting the service you have provided for your employer starting with the service provided in the current year. I did not file 2011 taxes Part-time or employed only part of the year. I did not file 2011 taxes   If you are a part-time or a full-time employee who is employed for only part of the year, your most recent year of service is your service this year and your service for as many previous years as is necessary to total 1 full year of service. I did not file 2011 taxes To determine your most recent year of service, add the following periods of service: Your service during the year for which you are figuring the limit on annual additions, and Your service during your preceding tax years until the total service equals 1 year of service or you have figured all of your service with the employer. I did not file 2011 taxes Example. I did not file 2011 taxes You were employed on a full-time basis from July through December 2011 (1/2 year of service), July through December 2012 (1/2 year of service), and October through December 2013 (1/4 year of service). I did not file 2011 taxes Your most recent year of service for computing your limit on annual additions for 2013 is the total of your service during 2013 (1/4 year of service), your service during 2012 (1/2 year of service), and your service during the months October through December 2011 (1/4 year of service). I did not file 2011 taxes Not yet employed for 1 year. I did not file 2011 taxes   If, at the close of the year, you have not yet worked for your employer for 1 year (including time you worked for the same employer in all earlier years), use the period of time you have worked for the employer as your most recent year of service. I did not file 2011 taxes Includible Compensation After identifying your most recent year of service, the next step is to identify the includible compensation associated with that full year of service. I did not file 2011 taxes Includible compensation is not the same as income included on your tax return. I did not file 2011 taxes Compensation is a combination of income and benefits received in exchange for services provided to your employer. I did not file 2011 taxes Generally, includible compensation is the amount of income and benefits: Received from the employer who maintains your 403(b) account, and Must be included in your income. I did not file 2011 taxes Includible compensation includes the following amounts. I did not file 2011 taxes Elective deferrals (employer's contributions made on your behalf under a salary reduction agreement). I did not file 2011 taxes Amounts contributed or deferred by your employer under a section 125 cafeteria plan. I did not file 2011 taxes Amounts contributed or deferred, at the election of the employee, under an eligible section 457 nonqualified deferred compensation plan (state or local government or tax-exempt organization plan). I did not file 2011 taxes  Note. I did not file 2011 taxes For information about treating elective deferrals under section 457 plans as Roth contributions, see Publication 575. I did not file 2011 taxes Wages, salaries, and fees for personal services earned with the employer maintaining your 403(b) account. I did not file 2011 taxes Income otherwise excluded under the foreign earned income exclusion. I did not file 2011 taxes Pre-tax contributions (employer's contributions made on your behalf according to your election) to a qualified transportation fringe benefit plan. I did not file 2011 taxes Includible compensation does not include the following items. I did not file 2011 taxes Your employer's contributions to your 403(b) account. I did not file 2011 taxes Compensation earned while your employer was not an eligible employer. I did not file 2011 taxes Your employer's contributions to a qualified plan that: Are on your behalf, and Are excludable from income. I did not file 2011 taxes The cost of incidental life insurance. I did not file 2011 taxes See Cost of Incidental Life Insurance, later. I did not file 2011 taxes If you are a church employee or a foreign missionary, figure includible compensation using the rules explained in chapter 5. I did not file 2011 taxes Contributions after retirement. I did not file 2011 taxes   Nonelective contributions may be made for an employee for up to 5 years after retirement. I did not file 2011 taxes These contributions would be based on includible compensation for the last year of service before retirement. I did not file 2011 taxes Cost of Incidental Life Insurance Includible compensation does not include the cost of incidental life insurance. I did not file 2011 taxes If all of your 403(b) accounts invest only in mutual funds, then you have no incidental life insurance. I did not file 2011 taxes If you have an annuity contract, a portion of the cost of that contract may be for incidental life insurance. I did not file 2011 taxes If so, the cost of the insurance is taxable to you in the year contributed and is considered part of your basis when distributed. I did not file 2011 taxes Your employer will include the cost of your insurance as taxable wages in box 1 of Form W-2. I did not file 2011 taxes Not all annuity contracts include life insurance. I did not file 2011 taxes Contact your plan administrator to determine if your contract includes incidental life insurance. I did not file 2011 taxes If it does, you will need to figure the cost of life insurance each year the policy is in effect. I did not file 2011 taxes Figuring the cost of incidental life insurance. I did not file 2011 taxes If you have determined that part of the cost of your annuity contract is for an incidental life insurance premium, you will need to determine the amount of the premium and subtract it from your includible compensation. I did not file 2011 taxes To determine the amount of the life insurance premiums, you will need to know the following information. I did not file 2011 taxes The value of your life insurance contract, which is the amount payable upon your death. I did not file 2011 taxes The cash value of your life insurance contract at the end of the tax year. I did not file 2011 taxes Your age on your birthday nearest the beginning of the policy year. I did not file 2011 taxes Your current life insurance protection under an ordinary retirement income life insurance policy, which is the amount payable upon your death minus the cash value of the contract at the end of the year. I did not file 2011 taxes You can use Worksheet A, in chapter 9, to determine the cost of your incidental life insurance. I did not file 2011 taxes Example. I did not file 2011 taxes Your new contract provides that your beneficiary will receive $10,000 if you should die before retirement. I did not file 2011 taxes Your cash value in the contract at the end of the first year is zero. I did not file 2011 taxes Your current life insurance protection for the first year is $10,000 ($10,000 − 0). I did not file 2011 taxes The cash value in the contract at the end of year two is $1,000, and the current life insurance protection for the second year is $9,000 ($10,000 – $1,000). I did not file 2011 taxes The 1-year cost of the protection can be calculated by using Figure 3-1, Table of One-Year Term Premiums for $1,000 Life Insurance Protection . I did not file 2011 taxes The premium rate is determined based on your age on your birthday nearest the beginning of the policy year. I did not file 2011 taxes Figure 3-1. I did not file 2011 taxes Table of One-Year Term Premiums for $1,000 Life Insurance Protection Age Cost   Age Cost   Age Cost 0 $0. I did not file 2011 taxes 70   35 $0. I did not file 2011 taxes 99   70 $20. I did not file 2011 taxes 62 1 0. I did not file 2011 taxes 41   36 1. I did not file 2011 taxes 01   71 22. I did not file 2011 taxes 72 2 0. I did not file 2011 taxes 27   37 1. I did not file 2011 taxes 04   72 25. I did not file 2011 taxes 07 3 0. I did not file 2011 taxes 19   38 1. I did not file 2011 taxes 06   73 27. I did not file 2011 taxes 57 4 0. I did not file 2011 taxes 13   39 1. I did not file 2011 taxes 07   74 30. I did not file 2011 taxes 18 5 0. I did not file 2011 taxes 13   40 1. I did not file 2011 taxes 10   75 33. I did not file 2011 taxes 05 6 0. I did not file 2011 taxes 14   41 1. I did not file 2011 taxes 13   76 36. I did not file 2011 taxes 33 7 0. I did not file 2011 taxes 15   42 1. I did not file 2011 taxes 20   77 40. I did not file 2011 taxes 17 8 0. I did not file 2011 taxes 16   43 1. I did not file 2011 taxes 29   78 44. I did not file 2011 taxes 33 9 0. I did not file 2011 taxes 16   44 1. I did not file 2011 taxes 40   79 49. I did not file 2011 taxes 23 10 0. I did not file 2011 taxes 16   45 1. I did not file 2011 taxes 53   80 54. I did not file 2011 taxes 56 11 0. I did not file 2011 taxes 19   46 1. I did not file 2011 taxes 67   81 60. I did not file 2011 taxes 51 12 0. I did not file 2011 taxes 24   47 1. I did not file 2011 taxes 83   82 66. I did not file 2011 taxes 74 13 0. I did not file 2011 taxes 28   48 1. I did not file 2011 taxes 98   83 73. I did not file 2011 taxes 07 14 0. I did not file 2011 taxes 33   49 2. I did not file 2011 taxes 13   84 80. I did not file 2011 taxes 35 15 0. I did not file 2011 taxes 38   50 2. I did not file 2011 taxes 30   85 88. I did not file 2011 taxes 76 16 0. I did not file 2011 taxes 52   51 2. I did not file 2011 taxes 52   86 99. I did not file 2011 taxes 16 17 0. I did not file 2011 taxes 57   52 2. I did not file 2011 taxes 81   87 110. I did not file 2011 taxes 40 18 0. I did not file 2011 taxes 59   53 3. I did not file 2011 taxes 20   88 121. I did not file 2011 taxes 85 19 0. I did not file 2011 taxes 61   54 3. I did not file 2011 taxes 65   89 133. I did not file 2011 taxes 40 20 0. I did not file 2011 taxes 62   55 4. I did not file 2011 taxes 15   90 144. I did not file 2011 taxes 30 21 0. I did not file 2011 taxes 62   56 4. I did not file 2011 taxes 68   91 155. I did not file 2011 taxes 80 22 0. I did not file 2011 taxes 64   57 5. I did not file 2011 taxes 20   92 168. I did not file 2011 taxes 75 23 0. I did not file 2011 taxes 66   58 5. I did not file 2011 taxes 66   93 186. I did not file 2011 taxes 44 24 0. I did not file 2011 taxes 68   59 6. I did not file 2011 taxes 06   94 206. I did not file 2011 taxes 70 25 0. I did not file 2011 taxes 71   60 6. I did not file 2011 taxes 51   95 228. I did not file 2011 taxes 35 26 0. I did not file 2011 taxes 73   61 7. I did not file 2011 taxes 11   96 250. I did not file 2011 taxes 01 27 0. I did not file 2011 taxes 76   62 7. I did not file 2011 taxes 96   97 265. I did not file 2011 taxes 09 28 0. I did not file 2011 taxes 80   63 9. I did not file 2011 taxes 08   98 270. I did not file 2011 taxes 11 29 0. I did not file 2011 taxes 83   64 10. I did not file 2011 taxes 41   99 281. I did not file 2011 taxes 05 30 0. I did not file 2011 taxes 87   65 11. I did not file 2011 taxes 90       31 0. I did not file 2011 taxes 90   66 13. I did not file 2011 taxes 51       32 0. I did not file 2011 taxes 93   67 15. I did not file 2011 taxes 20       33 0. I did not file 2011 taxes 96   68 16. I did not file 2011 taxes 92       34 0. I did not file 2011 taxes 98   69 18. I did not file 2011 taxes 70                       If the current published premium rates per $1,000 of insurance protection charged by an insurer for individual 1-year term life insurance premiums available to all standard risks are lower than those in the preceding table, you can use the lower rates for figuring the cost of insurance in connection with individual policies issued by the same insurer. I did not file 2011 taxes Example 1. I did not file 2011 taxes Lynne Green, age 44, and her employer enter into a 403(b) plan that will provide her with a $500 a month annuity upon retirement at age 65. I did not file 2011 taxes The agreement also provides that if she should die before retirement, her beneficiary will receive the greater of $20,000 or the cash surrender value in the life insurance contract. I did not file 2011 taxes Using the facts presented we can determine the cost of Lynne's life insurance protection as shown in Table 3-1. I did not file 2011 taxes Lynne's employer has included $28 for the cost of the life insurance protection in her current year's income. I did not file 2011 taxes When figuring her includible compensation for this year, Lynne will subtract $28. I did not file 2011 taxes Table 3-1. I did not file 2011 taxes Worksheet A. I did not file 2011 taxes Cost of Incidental Life Insurance Note. I did not file 2011 taxes Use this worksheet to figure the cost of incidental life insurance included in your annuity contract. I did not file 2011 taxes This amount will be used to figure includible compensation for your most recent year of service. I did not file 2011 taxes 1. I did not file 2011 taxes Enter the value of the contract (amount payable upon your death) 1. I did not file 2011 taxes $20,000. I did not file 2011 taxes 00 2. I did not file 2011 taxes Enter the cash value in the contract at the end of the year 2. I did not file 2011 taxes 0. I did not file 2011 taxes 00 3. I did not file 2011 taxes Subtract line 2 from line 1. I did not file 2011 taxes This is the value of your current life insurance protection 3. I did not file 2011 taxes $20,000. I did not file 2011 taxes 00 4. I did not file 2011 taxes Enter your age on your birthday nearest the beginning of the policy year 4. I did not file 2011 taxes 44 5. I did not file 2011 taxes Enter the 1-year term premium for $1,000 of life insurance based on your age. I did not file 2011 taxes (From Figure 3-1) 5. I did not file 2011 taxes $1. I did not file 2011 taxes 40 6. I did not file 2011 taxes Divide line 3 by $1,000 6. I did not file 2011 taxes 20 7. I did not file 2011 taxes Multiply line 6 by line 5. I did not file 2011 taxes This is the cost of your incidental life insurance 7. I did not file 2011 taxes $28. I did not file 2011 taxes 00 Example 2. I did not file 2011 taxes Lynne's cash value in the contract at the end of the second year is $1,000. I did not file 2011 taxes In year two, the cost of Lynne's life insurance is calculated as shown in Table 3-2. I did not file 2011 taxes In year two, Lynne's employer will include $29. I did not file 2011 taxes 07 in her current year's income. I did not file 2011 taxes Lynne will subtract this amount when figuring her includible compensation. I did not file 2011 taxes Table 3-2. I did not file 2011 taxes Worksheet A. I did not file 2011 taxes Cost of Incidental Life Insurance Note. I did not file 2011 taxes Use this worksheet to figure the cost of incidental life insurance included in your annuity contract. I did not file 2011 taxes This amount will be used to figure includible compensation for your most recent year of service. I did not file 2011 taxes 1. I did not file 2011 taxes Enter the value of the contract (amount payable upon your death) 1. I did not file 2011 taxes $20,000. I did not file 2011 taxes 00 2. I did not file 2011 taxes Enter the cash value in the contract at the end of the year 2. I did not file 2011 taxes $1,000. I did not file 2011 taxes 00 3. I did not file 2011 taxes Subtract line 2 from line 1. I did not file 2011 taxes This is the value of your current life insurance protection 3. I did not file 2011 taxes $19,000. I did not file 2011 taxes 00 4. I did not file 2011 taxes Enter your age on your birthday nearest the beginning of the policy year 4. I did not file 2011 taxes 45 5. I did not file 2011 taxes Enter the 1-year term premium for $1,000 of life insurance based on your age. I did not file 2011 taxes (From Figure 3-1) 5. I did not file 2011 taxes $1. I did not file 2011 taxes 53 6. I did not file 2011 taxes Divide line 3 by $1,000 6. I did not file 2011 taxes 19 7. I did not file 2011 taxes Multiply line 6 by line 5. I did not file 2011 taxes This is the cost of your incidental life insurance 7. I did not file 2011 taxes $29. I did not file 2011 taxes 07 Figuring Includible Compensation for Your Most Recent Year of Service You can use Worksheet B in chapter 9 to determine your includible compensation for your most recent year of service. I did not file 2011 taxes Example. I did not file 2011 taxes Floyd has been periodically working full-time for a local hospital since September 2011. I did not file 2011 taxes He needs to figure his limit on annual additions for 2014. I did not file 2011 taxes The hospital's normal annual work period for employees in Floyd's general type of work runs from January to December. I did not file 2011 taxes During the periods that Floyd was employed with the hospital, the hospital has always been eligible to provide a 403(b) plan to employees. I did not file 2011 taxes Additionally, the hospital has never provided the employees with a 457 deferred compensation plan, a transportation fringe benefit plan, or a cafeteria plan. I did not file 2011 taxes Floyd has never worked abroad and there is no life insurance provided under the plan. I did not file 2011 taxes Table 3-3 shows the service Floyd provided to his employer, his compensation for the periods worked, his elective deferrals, and his taxable wages. I did not file 2011 taxes Table 3-3. I did not file 2011 taxes Floyd's Compensation Note. I did not file 2011 taxes This table shows information Floyd will use to figure includible compensation for his most recent year of service. I did not file 2011 taxes   Year Years of Service Taxable Wages Elective Deferrals 2014 6/12 of  a year $42,000 $2,000 2013 4/12 of  a year $16,000 $1,650 2012 4/12 of  a year $16,000 $1,650 Before Floyd can figure his limit on annual additions, he must figure includible compensation for his most recent year of service. I did not file 2011 taxes Because Floyd is not planning to work the entire 2014 year, his most recent year of service will include the time he is planning to work in 2014 plus time he worked in the preceding 3 years until the time he worked for the hospital totals 1 year. I did not file 2011 taxes If the total time he worked is less than 1 year, Floyd will treat it as if it were 1 year. I did not file 2011 taxes He figures his most recent year of service shown in the following list. I did not file 2011 taxes Time he will work in 2014 is 6/12 of a year. I did not file 2011 taxes Time worked in 2013 is 4/12 of a year. I did not file 2011 taxes All of this time will be used to determine Floyd's most recent year of service. I did not file 2011 taxes Time worked in 2012 is 4/12 of a year. I did not file 2011 taxes Floyd only needs 2 months of the 4 months he worked in 2012 to have enough time to total 1 full year. I did not file 2011 taxes Because he needs only one-half of the actual time he worked, Floyd will use only one-half of his income earned during that period to calculate wages that will be used in figuring his includible compensation. I did not file 2011 taxes Using the information provided in Table 3-3, wages for Floyd's most recent year of service are $66,000 ($42,000 + $16,000 + $8,000). I did not file 2011 taxes His includible compensation for his most recent year of service is figured as shown in Table 3-4. I did not file 2011 taxes After figuring his includible compensation, Floyd determines his limit on annual additions for 2014 to be $52,000, the lesser of his includible compensation, $70,475 (Table 3-4), and the maximum amount of $52,000. I did not file 2011 taxes Table 3-4. I did not file 2011 taxes Worksheet B. I did not file 2011 taxes Includible Compensation for Your Most Recent Year of Service1 Note. I did not file 2011 taxes Use this worksheet to figure includible compensation for your most recent year of service. I did not file 2011 taxes 1. I did not file 2011 taxes Enter your includible wages from the employer maintaining your 403(b) account for your most recent year of service 1. I did not file 2011 taxes $66,000 2. I did not file 2011 taxes Enter elective deferrals excluded from your gross income for your most recent year of service2 2. I did not file 2011 taxes 4,4753 3. I did not file 2011 taxes Enter amounts contributed or deferred by your employer under a cafeteria plan for your most recent year of service 3. I did not file 2011 taxes -0- 4. I did not file 2011 taxes Enter amounts contributed or deferred by your employer according to your election to your 457 account (a nonqualified plan of a state or local government, or of a tax-exempt organization) for your most recent year of service 4. I did not file 2011 taxes -0- 5. I did not file 2011 taxes Enter pre-tax contributions (employer's contributions made on your behalf according to your election) to a qualified transportation fringe benefit plan for your most recent year of service 5. I did not file 2011 taxes -0- 6. I did not file 2011 taxes Enter your foreign earned income exclusion for your most recent year of service 6. I did not file 2011 taxes -0- 7. I did not file 2011 taxes Add lines 1, 2, 3, 4, 5, and 6 7. I did not file 2011 taxes 70,475 8. I did not file 2011 taxes Enter the cost of incidental life insurance that is part of your annuity contract for your most recent year of service 8. I did not file 2011 taxes -0- 9. I did not file 2011 taxes Enter compensation that was both: Earned during your most recent year of service, and Earned while your employer was not qualified to maintain a 403(b) plan 9. I did not file 2011 taxes -0- 10. I did not file 2011 taxes Add lines 8 and 9 10. I did not file 2011 taxes -0- 11. I did not file 2011 taxes Subtract line 10 from line 7. I did not file 2011 taxes This is your includible compensation for your most recent year of service 11. I did not file 2011 taxes 70,475 1Use estimated amounts if figuring includible compensation before the end of the year. I did not file 2011 taxes 2Elective deferrals made to a designated Roth account are not excluded from your gross income and should not be included on this line. I did not file 2011 taxes  3$4,475 ($2,000 + $1,650 + $825). 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Understanding your CP21I Notice

We made changes to your tax return for the tax year specified on the notice for Individual
Retirement Arrangement (IRA) taxes. You owe money on your taxes as a result
of these changes.

Tax publications you may find useful

How to get help

Calling the toll free number listed on the top right corner of your notice is the fastest way to get your questions answered.

You can also authorize someone (such as an accountant) to contact the IRS on your behalf using this Power of Attorney and Declaration of Representative (Form 2848).

Or you may qualify for help from a Low Income Taxpayer Clinic.
 


What you need to do

  • Read your notice carefully ― it will explain why you owe money on your taxes.
  • Pay the amount owed by the date on the notice's payment coupon.
  • Make payment arrangements if you can't pay the full amount you owe.
  • Contact us if you disagree with the change(s) we made.
  • Correct the copy of your tax return that you kept for your records.

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Answers to Common Questions

What should I do if I disagree with the changes you made?
If you disagree, contact us at the toll-free number listed on the top right corner of your notice.

What happens if I can't pay the full amount I owe?
You can arrange to make a payment plan with us if you can't pay the full amount you owe.

Am I charged interest on the money I owe?
If you don't full pay the amount you owe by the date on the payment coupon, interest will accrue on the unpaid balance after that date.

Will I receive a penalty if I can't pay the full amount?
Yes, you'll receive a late payment penalty. You can contact us at the number listed on your notice if you’re unable to pay the full amount shown in your specific notice because of circumstances beyond your control. Contact us by the due date of your payment and, depending on your situation, we may be able to remove the penalty.

Can I set up a payment plan?
Yes. Call the toll-free number listed on the top right corner of your notice to discuss payment options or check out more information on payment options and how to make a payment arrangement.

There are other options, such as paying by credit card. Note: There may be a fee to pay by credit card.

What if I need to make another correction to my account?
You'll need to file Form 1040X, Amended U.S. Individual Income Tax Return.

What if I have tried to get answers and after contacting IRS several times have not been successful?
Call Taxpayer Advocate at 1-877-777-4778 or for TTY/TDD 1-800-829-4059.


Tips for next year

Consider filing your taxes electronically. Filing online can help you avoid mistakes and find credits and deductions that you may qualify for. In many cases you can file for free. Learn more about e-file.

Page Last Reviewed or Updated: 26-Feb-2014

The I Did Not File 2011 Taxes

I did not file 2011 taxes 31. I did not file 2011 taxes   Tax on Unearned Income of Certain Children Table of Contents What's New Introduction Useful Items - You may want to see: Which Parent's Return To UseParents Who Do Not File a Joint Return Parent's Election To Report Child's Interest and DividendsEffect of Making the Election Figuring Child's Income Figuring Additional Tax Tax for Certain Children Who Have Unearned IncomeProviding Parental Information (Form 8615, lines A–C) Step 1. I did not file 2011 taxes Figuring the Child's Net Unearned Income (Form 8615, Part I) Step 2. I did not file 2011 taxes Figuring Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) Step 3. I did not file 2011 taxes Figuring the Child's Tax (Form 8615, Part III) What's New Net Investment Income Tax. I did not file 2011 taxes . I did not file 2011 taxes  For tax years beginning after December 31, 2012, a child whose tax is figured on Form 8615 may be subject to the Net Investment Income Tax (NIIT). I did not file 2011 taxes NIIT is a 3. I did not file 2011 taxes 8% tax on the lesser of the net investment income or the excess of the child's modified adjusted gross income (MAGI) over the threshold amount. I did not file 2011 taxes Use Form 8960, Net Investment Income Tax, to figure this tax. I did not file 2011 taxes For more information on NIIT, go to www. I did not file 2011 taxes irs. I did not file 2011 taxes gov and enter “Net Investment Income Tax” in the search box. I did not file 2011 taxes Introduction This chapter discusses the following two rules that may affect the tax on unearned income of certain children. I did not file 2011 taxes If the child's interest and dividend income (including capital gain distributions) total less than $10,000, the child's parent may be able to choose to include that income on the parent's return rather than file a return for the child. I did not file 2011 taxes (See Parent's Election To Report Child's Interest and Dividends , later. I did not file 2011 taxes ) If the child's interest, dividends, and other unearned income total more than $2,000, part of that income may be taxed at the parent's tax rate instead of the child's tax rate. I did not file 2011 taxes (See Tax for Certain Children Who Have Unearned Income , later. I did not file 2011 taxes ) For these rules, the term “child” includes a legally adopted child and a stepchild. I did not file 2011 taxes These rules apply whether or not the child is a dependent. I did not file 2011 taxes Useful Items - You may want to see: Publication 929 Tax Rules for Children and Dependents Form (and Instructions) 8615 Tax for Certain Children Who Have Unearned Income 8814 Parents' Election To Report Child's Interest and Dividends Which Parent's Return To Use If a child's parents are married to each other and file a joint return, use the joint return to figure the tax on the child's unearned income. I did not file 2011 taxes The tax rate and other return information from that return are used to figure the child's tax as explained later under Tax for Certain Children Who Have Unearned Income . I did not file 2011 taxes Parents Who Do Not File a Joint Return For parents who do not file a joint return, the following discussions explain which parent's tax return must be used to figure the tax. I did not file 2011 taxes Only the parent whose tax return is used can make the election described under Parent's Election To Report Child's Interest and Dividends . I did not file 2011 taxes Parents are married. I did not file 2011 taxes   If the child's parents file separate returns, use the return of the parent with the greater taxable income. I did not file 2011 taxes Parents not living together. I did not file 2011 taxes   If the child's parents are married to each other but not living together, and the parent with whom the child lives (the custodial parent) is considered unmarried, use the return of the custodial parent. I did not file 2011 taxes If the custodial parent is not considered unmarried, use the return of the parent with the greater taxable income. I did not file 2011 taxes   For an explanation of when a married person living apart from his or her spouse is considered unmarried, see Head of Household in chapter 2. I did not file 2011 taxes Parents are divorced. I did not file 2011 taxes   If the child's parents are divorced or legally separated, and the parent who had custody of the child for the greater part of the year (the custodial parent) has not remarried, use the return of the custodial parent. I did not file 2011 taxes Custodial parent remarried. I did not file 2011 taxes   If the custodial parent has remarried, the stepparent (rather than the noncustodial parent) is treated as the child's other parent. I did not file 2011 taxes Therefore, if the custodial parent and the stepparent file a joint return, use that joint return. I did not file 2011 taxes Do not use the return of the noncustodial parent. I did not file 2011 taxes   If the custodial parent and the stepparent are married, but file separate returns, use the return of the one with the greater taxable income. I did not file 2011 taxes If the custodial parent and the stepparent are married but not living together, the earlier discussion under Parents not living together applies. I did not file 2011 taxes Parents never married. I did not file 2011 taxes   If a child's parents have never been married to each other, but lived together all year, use the return of the parent with the greater taxable income. I did not file 2011 taxes If the parents did not live together all year, the rules explained earlier under Parents are divorced apply. I did not file 2011 taxes Widowed parent remarried. I did not file 2011 taxes   If a widow or widower remarries, the new spouse is treated as the child's other parent. I did not file 2011 taxes The rules explained earlier under Custodial parent remarried apply. I did not file 2011 taxes Parent's Election To Report Child's Interest and Dividends You may be able to elect to include your child's interest and dividend income (including capital gain distributions) on your tax return. I did not file 2011 taxes If you do, your child will not have to file a return. I did not file 2011 taxes You can make this election only if all the following conditions are met. I did not file 2011 taxes Your child was under age 19 (or under age 24 if a full-time student) at the end of the year. I did not file 2011 taxes Your child had income only from interest and dividends (including capital gain distributions and Alaska Permanent Fund dividends). I did not file 2011 taxes The child's gross income was less than $10,000. I did not file 2011 taxes The child is required to file a return unless you make this election. I did not file 2011 taxes The child does not file a joint return for the year. I did not file 2011 taxes No estimated tax payment was made for the year, and no overpayment from the previous year (or from any amended return) was applied to this year under your child's name and social security number. I did not file 2011 taxes No federal income tax was taken out of your child's income under the backup withholding rules. I did not file 2011 taxes You are the parent whose return must be used when applying the special tax rules for children. I did not file 2011 taxes (See Which Parent's Return To Use , earlier. I did not file 2011 taxes ) These conditions are also shown in Figure 31-A. I did not file 2011 taxes Certain January 1 birthdays. I did not file 2011 taxes   A child born on January 1, 1995, is considered to be age 19 at the end of 2013. I did not file 2011 taxes You cannot make this election for such a child unless the child was a full-time student. I did not file 2011 taxes   A child born on January 1, 1990, is considered to be age 24 at the end of 2013. I did not file 2011 taxes You cannot make this election for such a child. I did not file 2011 taxes Full-time student. I did not file 2011 taxes   A full-time student is a child who during some part of each of any 5 calendar months of the year was enrolled as a full-time student at a school, or took a full-time on-farm training course given by a school or a state, county, or local government agency. I did not file 2011 taxes A school includes a technical, trade, or mechanical school. I did not file 2011 taxes It does not include an on-the-job training course, correspondence school, or school offering courses only through the Internet. I did not file 2011 taxes How to make the election. I did not file 2011 taxes   Make the election by attaching Form 8814 to your Form 1040. I did not file 2011 taxes (If you make this election, you cannot file Form 1040A or Form 1040EZ. I did not file 2011 taxes ) Attach a separate Form 8814 for each child for whom you make the election. I did not file 2011 taxes You can make the election for one or more children and not for others. I did not file 2011 taxes Effect of Making the Election The federal income tax on your child's income may be more if you make the Form 8814 election. I did not file 2011 taxes Rate may be higher. I did not file 2011 taxes   If your child received qualified dividends or capital gain distributions, you may pay up to $100 more tax if you make this election instead of filing a separate tax return for the child. I did not file 2011 taxes This is because the tax rate on the child's income between $1,000 and $2,000 is 10% if you make this election. I did not file 2011 taxes However, if you file a separate return for the child, the tax rate may be as low as 0% (zero percent) because of the preferential tax rates for qualified dividends and capital gain distributions. I did not file 2011 taxes Deductions you cannot take. I did not file 2011 taxes   By making the Form 8814 election, you cannot take any of the following deductions that the child would be entitled to on his or her return. I did not file 2011 taxes The additional standard deduction if the child is blind. I did not file 2011 taxes The deduction for a penalty on an early withdrawal of your child's savings. I did not file 2011 taxes Itemized deductions (such as your child's investment expenses or charitable contributions). I did not file 2011 taxes Reduced deductions or credits. I did not file 2011 taxes   If you use Form 8814, your increased adjusted gross income may reduce certain deductions or credits on your return including the following. I did not file 2011 taxes Deduction for contributions to a traditional individual retirement arrangement (IRA). I did not file 2011 taxes Deduction for student loan interest. I did not file 2011 taxes Itemized deductions for medical expenses, casualty and theft losses, and certain miscellaneous expenses. I did not file 2011 taxes Credit for child and dependent care expenses. I did not file 2011 taxes Child tax credit. I did not file 2011 taxes Education tax credits. I did not file 2011 taxes Earned income credit. I did not file 2011 taxes Penalty for underpayment of estimated tax. I did not file 2011 taxes   If you make this election for 2013 and did not have enough tax withheld or pay enough estimated tax to cover the tax you owe, you may be subject to a penalty. I did not file 2011 taxes If you plan to make this election for 2014, you may need to increase your federal income tax withholding or your estimated tax payments to avoid the penalty. I did not file 2011 taxes See chapter 4 for more information. I did not file 2011 taxes Figuring Child's Income Use Form 8814, Part I, to figure your child's interest and dividend income to report on your return. I did not file 2011 taxes Only the amount over $2,000 is added to your income. I did not file 2011 taxes The amount over $2,000 is shown on Form 8814, line 6. I did not file 2011 taxes Unless the child's income includes qualified dividends or capital gain distributions (discussed next), the same amount is shown on Form 8814, line 12. I did not file 2011 taxes Include the amount from Form 8814, line 12, on Form 1040, line 21. I did not file 2011 taxes Enter “Form 8814” on the dotted line next to line 21. I did not file 2011 taxes If you file more than one Form 8814, include the total amounts from line 12 of all your Forms 8814 on Form 1040, line 21. I did not file 2011 taxes Capital gain distributions and qualified dividends. I did not file 2011 taxes   If your child's dividend income included any capital gain distributions, see Capital gain distributions under Figuring Child's Income in Publication 929, Part 2. I did not file 2011 taxes If your child's dividend income included any qualified dividends, see Qualified dividends under Figuring Child's Income in Publication 929, Part 2. I did not file 2011 taxes Figuring Additional Tax Use Form 8814, Part II, to figure the tax on the $2,000 of your child's interest and dividends that you do not include in your income. I did not file 2011 taxes This tax is added to the tax figured on your income. I did not file 2011 taxes This additional tax is the smaller of: 10% × (your child's gross income − $1,000), or $100. I did not file 2011 taxes Include the amount from line 15 of all your Forms 8814 in the total on Form 1040, line 44. I did not file 2011 taxes Check box a on Form 1040, line 44. I did not file 2011 taxes Figure 31-A. I did not file 2011 taxes Can You Include Your Child's Income On Your Tax Return? Please click here for the text description of the image. I did not file 2011 taxes Figure 31–A. I did not file 2011 taxes Can You Include Your Child's Income On Your Tax Return? Tax for Certain Children Who Have Unearned Income If a child's interest, dividends, and other unearned income total more than $2,000, part of that income may be taxed at the parent's tax rate instead of the child's tax rate. I did not file 2011 taxes If the parent does not or cannot choose to include the child's income on the parent's return, use Form 8615 to figure the child's tax. I did not file 2011 taxes Attach the completed form to the child's Form 1040 or Form 1040A. I did not file 2011 taxes When Form 8615 must be filed. I did not file 2011 taxes   Form 8615 must be filed for a child if all of the following statements are true. I did not file 2011 taxes The child's investment income was more than $2,000. I did not file 2011 taxes The child is required to file a return for 2013. I did not file 2011 taxes The child either: Was under age 18 at the end of the year, Was age 18 at the end of the year and did not have earned income that was more than half of his or her support, or Was over age 18 and under age 24 at the end of the year, was a full-time student, and did not have earned income that was more than half of his or her support. I did not file 2011 taxes At least one of the child's parents was alive at the end of 2013. I did not file 2011 taxes The child does not file a joint return for 2013. I did not file 2011 taxes These conditions are also shown in  Figure 31-B. I did not file 2011 taxes Earned income. I did not file 2011 taxes   Earned income includes salaries, wages, tips, and other payments received for personal services performed. I did not file 2011 taxes It does not include unearned income as defined later in this chapter. I did not file 2011 taxes Support. I did not file 2011 taxes   Your child's support includes all amounts spent to provide the child with food, lodging, clothing, education, medical and dental care, recreation, transportation, and similar necessities. I did not file 2011 taxes To figure your child's support, count support provided by you, your child, and others. I did not file 2011 taxes However, a scholarship received by your child is not considered support if your child is a full-time student. I did not file 2011 taxes See chapter 3 for details about support. I did not file 2011 taxes Certain January 1 birthdays. I did not file 2011 taxes   Use the following chart to determine whether certain children with January 1 birthdays meet condition 3 under When Form 8615 must be filed. I did not file 2011 taxes Figure 31-B. I did not file 2011 taxes Do You Have To Use Form 8615 To Figure Your Child's Tax? Please click here for the text description of the image. I did not file 2011 taxes Figure 31-B. I did not file 2011 taxes Do You Have To Use Form 8615 To Figure Your Child's Tax?    IF a child was born on. I did not file 2011 taxes . I did not file 2011 taxes . I did not file 2011 taxes THEN, at the end of 2013, the child is considered to be. I did not file 2011 taxes . I did not file 2011 taxes . I did not file 2011 taxes January 1, 1996 18* January 1, 1995 19** January 1, 1990 24*** *This child is not under age 18. I did not file 2011 taxes The child meets condition 3 only if the child did not have earned income that was more than half of the child's support. I did not file 2011 taxes  **This child meets condition 3 only if the child was a full-time student who did not have earned income that was more than half of the child's support. I did not file 2011 taxes  ***Do not use Form 8615 for this child. I did not file 2011 taxes Providing Parental Information (Form 8615, lines A–C) On Form 8615, lines A and B, enter the parent's name and social security number. I did not file 2011 taxes (If the parents filed a joint return, enter the name and social security number listed first on the joint return. I did not file 2011 taxes ) On line C, check the box for the parent's filing status. I did not file 2011 taxes See Which Parent's Return To Use at the beginning of this chapter for information on which parent's return information must be used on Form 8615. I did not file 2011 taxes Parent with different tax year. I did not file 2011 taxes   If the parent and the child do not have the same tax year, complete Form 8615 using the information on the parent's return for the tax year that ends in the child's tax year. I did not file 2011 taxes Parent's return information not known timely. I did not file 2011 taxes   If the information needed from the parent's return is not known by the time the child's return is due (usually April 15), you can file the return using estimates. I did not file 2011 taxes   You can use any reasonable estimate. I did not file 2011 taxes This includes using information from last year's return. I did not file 2011 taxes If you use an estimated amount on Form 8615, enter “Estimated” on the line next to the amount. I did not file 2011 taxes    When you get the correct information, file an amended return on Form 1040X, Amended U. I did not file 2011 taxes S. I did not file 2011 taxes Individual Income Tax Return. I did not file 2011 taxes   Instead of using estimates, you can get an automatic 6-month extension of time to file if, by the date your return is due, you file Form 4868, Application for Automatic Extension of Time To File U. I did not file 2011 taxes S. I did not file 2011 taxes Individual Income Tax Return. I did not file 2011 taxes Extensions are discussed in chapter 1. I did not file 2011 taxes Step 1. I did not file 2011 taxes Figuring the Child's Net Unearned Income (Form 8615, Part I) The first step in figuring a child's tax using Form 8615 is to figure the child's net unearned income. I did not file 2011 taxes To do that, use Form 8615, Part I. I did not file 2011 taxes Line 1 (unearned income). I did not file 2011 taxes   If the child had no earned income, enter on this line the adjusted gross income shown on the child's return. I did not file 2011 taxes Adjusted gross income is shown on Form 1040, line 38, or Form 1040A, line 22. I did not file 2011 taxes Form 1040EZ cannot be used if Form 8615 must be filed. I did not file 2011 taxes   If the child had earned income, figure the amount to enter on Form 8615, line 1, by using the worksheet in the instructions for the form. I did not file 2011 taxes   However, if the child has: excluded any foreign earned income, deducted either a loss from self-employment, or deducted a net operating loss from another year, then use the Alternate Worksheet for Form 8615, Line 1, in Publication 929 to figure the amount to enter on Form 8615, line 1. I did not file 2011 taxes Unearned income defined. I did not file 2011 taxes   Unearned income is generally all income other than salaries, wages, and other amounts received as pay for work actually done. I did not file 2011 taxes It includes taxable interest, dividends (including capital gain distributions), capital gains, unemployment compensation, the taxable part of social security and pension payments, and certain distributions from trusts. I did not file 2011 taxes Unearned income includes amounts produced by assets the child obtained with earned income (such as interest on a savings account into which the child deposited wages). I did not file 2011 taxes Nontaxable income. I did not file 2011 taxes   For this purpose, unearned income includes only amounts the child must include in total income. I did not file 2011 taxes Nontaxable unearned income, such as tax-exempt interest and the nontaxable part of social security and pension payments, is not included. I did not file 2011 taxes Income from property received as a gift. I did not file 2011 taxes   A child's unearned income includes all income produced by property belonging to the child. I did not file 2011 taxes This is true even if the property was transferred to the child, regardless of when the property was transferred or purchased or who transferred it. I did not file 2011 taxes   A child's unearned income includes income produced by property given as a gift to the child. I did not file 2011 taxes This includes gifts to the child from grandparents or any other person and gifts made under the Uniform Gift to Minors Act. I did not file 2011 taxes Example. I did not file 2011 taxes Amanda Black, age 13, received the following income. I did not file 2011 taxes Dividends — $800 Wages — $2,100 Taxable interest — $1,200 Tax-exempt interest — $100 Net capital gains — $100 The dividends were qualified dividends on stock given to her by her grandparents. I did not file 2011 taxes Amanda's unearned income is $2,100. I did not file 2011 taxes This is the total of the dividends ($800), taxable interest ($1,200), and net capital gains ($100). I did not file 2011 taxes Her wages are earned (not unearned) income because they are received for work actually done. I did not file 2011 taxes Her tax-exempt interest is not included because it is nontaxable. I did not file 2011 taxes Trust income. I did not file 2011 taxes   If a child is the beneficiary of a trust, distributions of taxable interest, dividends, capital gains, and other unearned income from the trust are unearned income to the child. I did not file 2011 taxes   However, for purposes of completing Form 8615, a taxable distribution from a qualified disability trust is considered earned income, not unearned income. I did not file 2011 taxes Line 2 (deductions). I did not file 2011 taxes   If the child does not itemize deductions on Schedule A (Form 1040), enter $2,000 on line 2. I did not file 2011 taxes   If the child does itemize deductions, enter on line 2 the larger of: $1,000 plus the portion of the child's itemized deductions on Schedule A (Form 1040), line 29, that are directly connected with the production of unearned income entered on line 1, or $2,000. I did not file 2011 taxes Directly connected. I did not file 2011 taxes   Itemized deductions are directly connected with the production of unearned income if they are for expenses paid to produce or collect taxable income or to manage, conserve, or maintain property held for producing income. I did not file 2011 taxes These expenses include custodian fees and service charges, service fees to collect taxable interest and dividends, and certain investment counsel fees. I did not file 2011 taxes   These expenses are added to certain other miscellaneous itemized deductions on Schedule A (Form 1040). I did not file 2011 taxes Only the amount greater than 2% of the child's adjusted gross income can be deducted. I did not file 2011 taxes See chapter 28 for more information. I did not file 2011 taxes Example 1. I did not file 2011 taxes Roger, age 12, has unearned income of $8,000, no other income, no adjustments to income, and itemized deductions of $300 (net of the 2% limit) that are directly connected with his unearned income. I did not file 2011 taxes His adjusted gross income is $8,000, which is entered on Form 1040, line 38, and on Form 8615, line 1. I did not file 2011 taxes Roger enters $2,000 on line 2 because that is more than the total of $1,000 plus his directly connected itemized deductions of $300. I did not file 2011 taxes Example 2. I did not file 2011 taxes Eleanor, age 8, has unearned income of $16,000 and an early withdrawal penalty of $100. I did not file 2011 taxes She has no other income. I did not file 2011 taxes She has itemized deductions of $1,050 (net of the 2% limit) that are directly connected with the production of her unearned income. I did not file 2011 taxes Her adjusted gross income, entered on line 1, is $15,900 ($16,000 − $100). I did not file 2011 taxes The amount on line 2 is $2,050. I did not file 2011 taxes This is the larger of: $1,000 plus the $1,050 of directly connected itemized deductions, or $2,000. I did not file 2011 taxes Line 3. I did not file 2011 taxes   Subtract line 2 from line 1 and enter the result on this line. I did not file 2011 taxes If zero or less, do not complete the rest of the form. I did not file 2011 taxes However, you must still attach Form 8615 to the child's tax return. I did not file 2011 taxes Figure the tax on the child's taxable income in the normal manner. I did not file 2011 taxes Line 4 (child's taxable income). I did not file 2011 taxes   Enter on line 4 the child's taxable income from Form 1040, line 43, or Form 1040A, line 27. I did not file 2011 taxes   However, if the child files Form 2555 or 2555-EZ to claim the foreign earned income exclusion, housing exclusion, or housing deduction, see the Form 8615 instructions or Pub. I did not file 2011 taxes 929. I did not file 2011 taxes Line 5 (net unearned income). I did not file 2011 taxes   A child's net unearned income cannot be more than his or her taxable income. I did not file 2011 taxes Enter on Form 8615, line 5, the smaller of line 3 or line 4. I did not file 2011 taxes This is the child's net unearned income. I did not file 2011 taxes   If zero or less, do not complete the rest of the form. I did not file 2011 taxes However, you must still attach Form 8615 to the child's tax return. I did not file 2011 taxes Figure the tax on the child's taxable income in the normal manner. I did not file 2011 taxes Step 2. I did not file 2011 taxes Figuring Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) The next step in completing Form 8615 is to figure a tentative tax on the child's net unearned income at the parent's tax rate. I did not file 2011 taxes The tentative tax at the parent's tax rate is the difference between the tax on the parent's taxable income figured with the child's net unearned income (plus the net unearned income of any other child whose Form 8615 includes the tax return information of that parent) and the tax figured without it. I did not file 2011 taxes When figuring the tentative tax at the parent's tax rate on Form 8615, do not refigure any of the exclusions, deductions, or credits on the parent's return because of the child's net unearned income. I did not file 2011 taxes For example, do not refigure the medical expense deduction. I did not file 2011 taxes Figure the tentative tax on Form 8615, lines 6 through 13. I did not file 2011 taxes Note. I did not file 2011 taxes If the child or parent has any capital gains or losses, get Publication 929 for help in completing Form 8615, Part II. I did not file 2011 taxes Line 6 (parent's taxable income). I did not file 2011 taxes   Enter on line 6 the parent's taxable income from Form 1040, line 43, Form 1040A, line 27, or Form 1040EZ, line 6. I did not file 2011 taxes   If the Foreign Earned Income Tax Worksheet (in the Form 1040 instructions) was used to figure the parent's tax, enter the amount from line 3 of that worksheet instead of the parent's taxable income. I did not file 2011 taxes Line 7 (net unearned income of other children). I did not file 2011 taxes   If the tax return information of the parent is also used on any other child's Form 8615, enter on line 7 the total of the amounts from line 5 of all the other children's Forms 8615. I did not file 2011 taxes Do not include the amount from line 5 of the Form 8615 being completed. I did not file 2011 taxes Example. I did not file 2011 taxes Paul and Jane Persimmon have three children, Sharon, Jerry, and Mike, who must attach Form 8615 to their tax returns. I did not file 2011 taxes The children's net unearned income amounts on line 5 of their Forms 8615 are: Sharon — $800 Jerry — $600 Mike — $1,000 Line 7 of Sharon's Form 8615 will show $1,600, the total of the amounts on line 5 of Jerry's and Mike's Forms 8615. I did not file 2011 taxes Line 7 of Jerry's Form 8615 will show $1,800 ($800 + $1,000). I did not file 2011 taxes Line 7 of Mike's Form 8615 will show $1,400 ($800 + $600). I did not file 2011 taxes Other children's information not available. I did not file 2011 taxes   If the net unearned income of the other children is not available when the return is due, either file the return using estimates or get an extension of time to file. I did not file 2011 taxes See Parent's return information not known timely , earlier. I did not file 2011 taxes Line 11 (tentative tax). I did not file 2011 taxes   Subtract line 10 from line 9 and enter the result on this line. I did not file 2011 taxes This is the tentative tax. I did not file 2011 taxes   If line 7 is blank, skip lines 12a and 12b and enter the amount from line 11 on line 13. I did not file 2011 taxes Also skip the discussion for lines 12a and 12b that follows. I did not file 2011 taxes Lines 12a and 12b (dividing the tentative tax). I did not file 2011 taxes   If an amount is entered on line 7, divide the tentative tax shown on line 11 among the children according to each child's share of the total net unearned income. I did not file 2011 taxes This is done on lines 12a, 12b, and 13. I did not file 2011 taxes Add the amount on line 7 to the amount on line 5 and enter the total on line 12a. I did not file 2011 taxes Divide the amount on line 5 by the amount on line 12a and enter the result, as a decimal, on line 12b. I did not file 2011 taxes Example. I did not file 2011 taxes In the earlier example under Line 7 (net unearned income of other children), Sharon's Form 8615 shows $1,600 on line 7. I did not file 2011 taxes The amount entered on line 12a is $2,400, the total of the amounts on lines 5 and 7 ($800 + $1,600). I did not file 2011 taxes The decimal on line 12b is  . I did not file 2011 taxes 333, figured as follows and rounded to three places. I did not file 2011 taxes   $800 = . I did not file 2011 taxes 333     $2,400   Step 3. I did not file 2011 taxes Figuring the Child's Tax (Form 8615, Part III) The final step in figuring a child's tax using Form 8615 is to determine the larger of: The total of: The child's share of the tentative tax based on the parent's tax rate, plus The tax on the child's taxable income in excess of net unearned income, figured at the child's tax rate, or The tax on the child's taxable income, figured at the child's tax rate. I did not file 2011 taxes This is the child's tax. I did not file 2011 taxes It is figured on Form 8615, lines 14 through 18. I did not file 2011 taxes Alternative minimum tax. I did not file 2011 taxes   A child may be subject to alternative minimum tax (AMT) if he or she has certain items given preferential treatment under the tax law. I did not file 2011 taxes See Alternative Minimum Tax (AMT) in chapter 30. I did not file 2011 taxes    For more information on who is liable for AMT and how to figure it, see Form 6251, Alternative Minimum Tax—Individuals. I did not file 2011 taxes For information on special limits that apply to a child who files Form 6251, see Certain Children Under Age 24 in the Instructions for Form 6251. I did not file 2011 taxes Prev  Up  Next   Home   More Online Publications