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Irs Forms 2009 Form 1040

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Irs Forms 2009 Form 1040

Irs forms 2009 form 1040 2. Irs forms 2009 form 1040   American Opportunity Credit Table of Contents Introduction Can You Claim the CreditWho Can Claim the Credit Who Cannot Claim the Credit What Expenses QualifyQualified Education Expenses No Double Benefit Allowed Expenses That Do Not Qualify Who Is an Eligible StudentException. Irs forms 2009 form 1040 Who Can Claim a Dependent's Expenses Figuring the CreditEffect of the Amount of Your Income on the Amount of Your Credit Refundable Part of Credit Claiming the Credit Introduction For 2013, there are two tax credits available to help you offset the costs of higher education by reducing the amount of your income tax. Irs forms 2009 form 1040 They are the American opportunity credit (this chapter) and the lifetime learning credit ( chapter 3 ). Irs forms 2009 form 1040 This chapter explains: Who can claim the American opportunity credit, What expenses qualify for the credit, Who is an eligible student, Who can claim a dependent's expenses, How to figure the credit, How to claim the credit, and When the credit must be repaid. Irs forms 2009 form 1040 What is the tax benefit of the American opportunity credit. Irs forms 2009 form 1040   For the tax year, you may be able to claim an American opportunity credit of up to $2,500 for qualified education expenses paid for each eligible student. Irs forms 2009 form 1040   A tax credit reduces the amount of income tax you may have to pay. Irs forms 2009 form 1040 Unlike a deduction, which reduces the amount of income subject to tax, a credit directly reduces the tax itself. Irs forms 2009 form 1040 Forty percent of the American opportunity credit may be refundable. Irs forms 2009 form 1040 This means that if the refundable portion of your credit is more than your tax, the excess will be refunded to you. Irs forms 2009 form 1040   Your allowable American opportunity credit may be limited by the amount of your income. Irs forms 2009 form 1040 Also, the nonrefundable part of the credit may be limited by the amount of your tax. Irs forms 2009 form 1040 Overview of the American opportunity credit. Irs forms 2009 form 1040   See Table 2-1, Overview of the American Opportunity Credit , for the basics of this credit. Irs forms 2009 form 1040 The details are discussed in this chapter. Irs forms 2009 form 1040 Can you claim more than one education credit this year. Irs forms 2009 form 1040   For each student, you can elect for any year only one of the credits. Irs forms 2009 form 1040 For example, if you elect to take the American opportunity credit for a child on your 2013 tax return, you cannot use that same child's qualified education expenses to figure the lifetime learning credit for 2013. Irs forms 2009 form 1040   If you pay qualified education expenses for more than one student in the same year, you can choose to take the American opportunity credit on a per-student, per-year basis. Irs forms 2009 form 1040 If you pay qualified education expenses for a student (or students) for whom you do not claim the American opportunity credit, you can use the adjusted qualified education expenses of that student (or those students) in figuring your lifetime learning credit. Irs forms 2009 form 1040 This means that, for example, you can claim the American opportunity credit for one student and the lifetime learning credit for another student in the same year. Irs forms 2009 form 1040 Differences between the American opportunity and lifetime learning credits. Irs forms 2009 form 1040   There are several differences between these two credits. Irs forms 2009 form 1040 For example, you can claim the American opportunity credit based on the same student's expenses for no more than 4 tax years, which includes any tax years you claimed the Hope Scholarship Credit for that student. Irs forms 2009 form 1040 However, there is no limit on the number of years for which you can claim a lifetime learning credit based on the same student's expenses. Irs forms 2009 form 1040 The differences between these credits are shown in Appendix B, Highlights of Education Tax Benefits for Tax Year 2013 near the end of this publication. Irs forms 2009 form 1040 If you claim the American opportunity credit for any student, you can choose between using that student's adjusted qualified education expenses for the American opportunity credit or the lifetime learning credit. Irs forms 2009 form 1040 If you have the choice, the American opportunity credit will always be greater than the lifetime learning credit. Irs forms 2009 form 1040 Table 2-1. Irs forms 2009 form 1040 Overview of the American Opportunity Credit Maximum credit Up to $2,500 credit per eligible student Limit on modified adjusted gross income (MAGI) $180,000 if married filing jointly; $90,000 if single, head of household, or qualifying widow(er) Refundable or nonrefundable 40% of credit may be refundable; the rest is nonrefundable Number of years of postsecondary education Available ONLY if the student had not completed the first 4 years of postsecondary education before 2013 Number of tax years credit available Available ONLY for 4 tax years per eligible student (including any year(s) Hope Scholarship Credit was claimed) Type of program required Student must be pursuing a program leading to a degree or other recognized education credential Number of courses Student must be enrolled at least half time for at least one academic period that begins during the tax year Felony drug conviction As of the end of 2013, the student had not been convicted of a felony for possessing or distributing a controlled substance Qualified expenses Tuition, required enrollment fees, and course materials that the student needs for a course of study whether or not the materials are bought at the educational institution as a condition of enrollment or attendance Payments for academic periods Payments made in 2013 for academic periods beginning in 2013 or beginning in the first 3 months of 2014 Can You Claim the Credit The following rules will help you determine if you are eligible to claim the American opportunity credit on your tax return. Irs forms 2009 form 1040 Who Can Claim the Credit Generally, you can claim the American opportunity credit if all three of the following requirements are met. Irs forms 2009 form 1040 You pay qualified education expenses of higher education. Irs forms 2009 form 1040 You pay the education expenses for an eligible student. Irs forms 2009 form 1040 The eligible student is either yourself, your spouse, or a dependent for whom you claim an exemption on your tax return. Irs forms 2009 form 1040 Student qualifications. Irs forms 2009 form 1040   Generally, you can take the American opportunity credit for a student only if all of the following four requirements are met. Irs forms 2009 form 1040 As of the beginning of 2013, the student had not completed the first four years of postsecondary education (generally, the freshman through senior years of college), as determined by the eligible educational institution. Irs forms 2009 form 1040 For this purpose, do not include academic credit awarded solely because of the student's performance on proficiency examinations. Irs forms 2009 form 1040 Neither the American opportunity credit nor the Hope Scholarship Credit has been claimed (by you or anyone else) for this student for any four tax years before 2013. Irs forms 2009 form 1040 If the American opportunity credit (and Hope Scholarship Credit) has been claimed for this student for any three or fewer tax years before 2013, this requirement is met. Irs forms 2009 form 1040 For at least one academic period beginning (or treated as beginning) in 2013, the student both: Was enrolled in a program that leads to a degree, certificate, or other recognized educational credential; and Carried at least one-half the normal full-time workload for his or her course of study. Irs forms 2009 form 1040 The standard for what is half of the normal full-time work load is determined by each eligible educational institution. Irs forms 2009 form 1040 However, the standard may not be lower than any of those established by the U. Irs forms 2009 form 1040 S. Irs forms 2009 form 1040 Department of Education under the Higher Education Act of 1965. Irs forms 2009 form 1040 For purposes of whether the student satisfies this third requirement for 2013, treat an academic period beginning in the first three months of 2014 as if it began in 2013 if qualified education expenses for the student were paid in 2013 for that academic period. Irs forms 2009 form 1040 See Prepaid expenses, later. Irs forms 2009 form 1040 As of the end of 2013, the student had not been convicted of a federal or state felony for possessing or distributing a controlled substance. Irs forms 2009 form 1040 Example 1. Irs forms 2009 form 1040 Sharon was eligible for the Hope Scholarship Credit for 2007 and 2008 and for the American opportunity credit for 2010 and 2012. Irs forms 2009 form 1040 Her parents claimed the Hope Scholarship Credit for Sharon on their tax returns for 2007 and 2008 and claimed the American opportunity credit for Sharon on their 2010 tax return. Irs forms 2009 form 1040 Sharon claimed the American opportunity credit on her 2012 tax return. Irs forms 2009 form 1040 The American opportunity credit and Hope Scholarship Credit have been claimed for Sharon for four tax years before 2013. Irs forms 2009 form 1040 Therefore, the American opportunity credit cannot be claimed by Sharon for 2013. Irs forms 2009 form 1040 If Sharon were to file Form 8863 for 2013, she would check “Yes” for Part III, line 23, and would be eligible to claim only the lifetime learning credit. Irs forms 2009 form 1040 Example 2. Irs forms 2009 form 1040 Wilbert was eligible for the American opportunity credit for 2009, 2010, 2011, and 2013. Irs forms 2009 form 1040 His parents claimed the American opportunity credit for Wilbert on their tax returns for 2009, 2010, and 2011. Irs forms 2009 form 1040 No one claimed an American opportunity credit or Hope Scholarship Credit for Wilbert for any other tax year. Irs forms 2009 form 1040 The American opportunity credit and Hope Scholarship Credit have been claimed for Wilbert for only three tax years before 2013. Irs forms 2009 form 1040 Therefore, Wilbert meets the second requirement to be eligible for the American opportunity credit. Irs forms 2009 form 1040 If Wilbert were to file Form 8863 for 2013, he would check “No” for Part III, line 23. Irs forms 2009 form 1040 If Wilbert meets all of the other requirements, he is eligible for the American opportunity credit. Irs forms 2009 form 1040 Example 3. Irs forms 2009 form 1040 Glenda enrolls on a full-time basis in a degree program for the 2014 Spring semester, which begins in January 2014. Irs forms 2009 form 1040 Glenda pays her tuition for the 2014 Spring semester in December 2013. Irs forms 2009 form 1040 Because the tuition Glenda paid in 2013 relates to an academic period that begins in the first 3 months of 2014, her eligibility to claim an American opportunity credit in 2013 is determined as if the 2014 Spring semester began in 2013. Irs forms 2009 form 1040 If the requirements above are not met for any student, you cannot take the American opportunity credit for that student. Irs forms 2009 form 1040 You may be able to take the lifetime learning credit for part or all of that student's qualified education expenses instead. Irs forms 2009 form 1040 Note. Irs forms 2009 form 1040 Qualified education expenses paid by a dependent for whom you claim an exemption, or by a third party for that dependent, are considered paid by you. Irs forms 2009 form 1040 “Qualified education expenses” are defined later under Qualified Education Expenses . Irs forms 2009 form 1040 “Eligible students” are defined later under Who Is an Eligible Student . Irs forms 2009 form 1040 A dependent for whom you claim an exemption is defined later under Who Can Claim a Dependent's Expenses . Irs forms 2009 form 1040 You may find Figure 2-1, Can You Claim the American Opportunity Credit for 2013 , later, helpful in determining if you can claim an American opportunity credit on your tax return. Irs forms 2009 form 1040 This image is too large to be displayed in the current screen. Irs forms 2009 form 1040 Please click the link to view the image. Irs forms 2009 form 1040 Figure 2-1 Can you claim the American opportunity credit for 2012? Who Cannot Claim the Credit You cannot claim the American opportunity credit for 2013 if any of the following apply. Irs forms 2009 form 1040 Your filing status is married filing separately. Irs forms 2009 form 1040 You are listed as a dependent on another person's tax return (such as your parents'). Irs forms 2009 form 1040 See Who Can Claim a Dependent's Expenses , later. Irs forms 2009 form 1040 Your modified adjusted gross income (MAGI) is $90,000 or more ($180,000 or more in the case of a joint return). Irs forms 2009 form 1040 MAGI is explained later under Effect of the Amount of Your Income on the Amount of Your Credit . Irs forms 2009 form 1040 You (or your spouse) were a nonresident alien for any part of 2013 and the nonresident alien did not elect to be treated as a resident alien for tax purposes. Irs forms 2009 form 1040 More information on nonresident aliens can be found in Publication 519, U. Irs forms 2009 form 1040 S. Irs forms 2009 form 1040 Tax Guide for Aliens. Irs forms 2009 form 1040 What Expenses Qualify The American opportunity credit is based on adjusted qualified education expenses you pay for yourself, your spouse, or a dependent for whom you claim an exemption on your tax return. Irs forms 2009 form 1040 Generally, the credit is allowed for adjusted qualified education expenses paid in 2013 for an academic period beginning in 2013 or beginning in the first three months of 2014. Irs forms 2009 form 1040 For example, if you paid $1,500 in December 2013 for qualified tuition for the spring 2014 semester beginning January 2014, you can use that $1,500 in figuring your 2013 credit. Irs forms 2009 form 1040 Academic period. Irs forms 2009 form 1040   An academic period includes a semester, trimester, quarter, or other period of study (such as a summer school session) as reasonably determined by an educational institution. Irs forms 2009 form 1040 In the case of an educational institution that uses credit hours or clock hours and does not have academic terms, each payment period can be treated as an academic period. Irs forms 2009 form 1040 Paid with borrowed funds. Irs forms 2009 form 1040   You can claim an American opportunity credit for qualified education expenses paid with the proceeds of a loan. Irs forms 2009 form 1040 Use the expenses to figure the American opportunity credit for the year in which the expenses are paid, not the year in which the loan is repaid. Irs forms 2009 form 1040 Treat loan payments sent directly to the educational institution as paid on the date the institution credits the student's account. Irs forms 2009 form 1040 Student withdraws from class(es). Irs forms 2009 form 1040   You can claim an American opportunity credit for qualified education expenses not refunded when a student withdraws. Irs forms 2009 form 1040 Qualified Education Expenses For purposes of the American opportunity credit, qualified education expenses are tuition and certain related expenses required for enrollment or attendance at an eligible educational institution. Irs forms 2009 form 1040 Eligible educational institution. Irs forms 2009 form 1040   An eligible educational institution is any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the U. Irs forms 2009 form 1040 S. Irs forms 2009 form 1040 Department of Education. Irs forms 2009 form 1040 It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Irs forms 2009 form 1040 The educational institution should be able to tell you if it is an eligible educational institution. Irs forms 2009 form 1040   Certain educational institutions located outside the United States also participate in the U. Irs forms 2009 form 1040 S. Irs forms 2009 form 1040 Department of Education's Federal Student Aid (FSA) programs. Irs forms 2009 form 1040 Related expenses. Irs forms 2009 form 1040   Student-activity fees are included in qualified education expenses only if the fees must be paid to the institution as a condition of enrollment or attendance. Irs forms 2009 form 1040   However, expenses for books, supplies, and equipment needed for a course of study are included in qualified education expenses whether or not the materials are purchased from the educational institution. Irs forms 2009 form 1040 Prepaid expenses. Irs forms 2009 form 1040   Qualified education expenses paid in 2013 for an academic period that begins in the first three months of 2014 can be used in figuring an education credit for 2013 only. Irs forms 2009 form 1040 See Academic period, earlier. Irs forms 2009 form 1040 For example, if you pay $2,000 in December 2013, for qualified tuition for the 2014 winter quarter that begins in January 2014, you can use that $2,000 in figuring an education credit for 2013 only (if you meet all the other requirements). Irs forms 2009 form 1040    You cannot use any amount you paid in 2012 or 2014 to figure the qualified education expenses you use to figure your 2013 education credit(s). Irs forms 2009 form 1040   In the following examples, assume that each student is an eligible student at an eligible educational institution. Irs forms 2009 form 1040 Example 1. Irs forms 2009 form 1040 Jefferson is a sophomore in University V's degree program in dentistry. Irs forms 2009 form 1040 This year, in addition to tuition, he is required to pay a fee to the university for the rental of the dental equipment he will use in this program. Irs forms 2009 form 1040 Because the equipment rental is needed for his course of study, Jefferson's equipment rental fee is a qualified expense. Irs forms 2009 form 1040 Example 2. Irs forms 2009 form 1040 Grace and William, both first-year students at College W, are required to have certain books and other reading materials to use in their mandatory first-year classes. Irs forms 2009 form 1040 The college has no policy about how students should obtain these materials, but any student who purchases them from College W's bookstore will receive a bill directly from the college. Irs forms 2009 form 1040 William bought his books from a friend; Grace bought hers at College W's bookstore. Irs forms 2009 form 1040 Both are qualified education expenses for the American opportunity credit. Irs forms 2009 form 1040 Example 3. Irs forms 2009 form 1040 When Kelly enrolled at College X for her freshman year, she had to pay a separate student activity fee in addition to her tuition. Irs forms 2009 form 1040 This activity fee is required of all students, and is used solely to fund on-campus organizations and activities run by students, such as the student newspaper and the student government. Irs forms 2009 form 1040 No portion of the fee covers personal expenses. Irs forms 2009 form 1040 Although labeled as a student activity fee, the fee is required for Kelly's enrollment and attendance at College X and is a qualified expense. Irs forms 2009 form 1040 No Double Benefit Allowed You cannot do any of the following. Irs forms 2009 form 1040 Deduct higher education expenses on your income tax return (as, for example, a business expense) and also claim an American opportunity credit based on those same expenses. Irs forms 2009 form 1040 Claim an American opportunity credit in the same year that you are claiming a tuition and fees deduction for the same student. Irs forms 2009 form 1040 Claim an American opportunity credit for any student and use any of that student's expenses in figuring your lifetime learning credit. Irs forms 2009 form 1040 Figure the tax-free portion of a distribution from a Coverdell education savings account (ESA) or qualified tuition program (QTP) using the same expenses you used to figure the American opportunity credit. Irs forms 2009 form 1040 See Coordination With American Opportunity and Lifetime Learning Credits in chapter 7, Coverdell Education Savings Account, and Coordination With American Opportunity and Lifetime Learning Credits in chapter 8, Qualified Tuition Program. Irs forms 2009 form 1040 Claim a credit based on qualified education expenses paid with tax-free educational assistance, such as a scholarship, grant, or assistance provided by an employer. Irs forms 2009 form 1040 See Adjustments to Qualified Education Expenses, next. Irs forms 2009 form 1040 Adjustments to Qualified Education Expenses For each student, reduce the qualified education expenses paid by or on behalf of that student under the following rules. Irs forms 2009 form 1040 The result is the amount of adjusted qualified education expenses for each student. Irs forms 2009 form 1040 Tax-free educational assistance. Irs forms 2009 form 1040   For tax-free educational assistance received in 2013, reduce the qualified educational expenses for each academic period by the amount of tax-free educational assistance allocable to that academic period. Irs forms 2009 form 1040 See Academic period, earlier. Irs forms 2009 form 1040   Some tax-free educational assistance received after 2013 may be treated as a refund of qualified education expenses paid in 2013. Irs forms 2009 form 1040 This tax-free educational assistance is any tax-free educational assistance received by you or anyone else after 2013 for qualified education expenses paid on behalf of a student in 2013 (or attributable to enrollment at an eligible educational institution during 2013). Irs forms 2009 form 1040   If this tax-free educational assistance is received after 2013 but before you file your 2013 income tax return, see Refunds received after 2013 but before your income tax return is filed, later. Irs forms 2009 form 1040 If this tax-free educational assistance is received after 2013 and after you file your 2013 income tax return, see Refunds received after 2013 and after your income tax return is filed, later. Irs forms 2009 form 1040   Tax-free educational assistance includes: The tax-free parts of scholarships and fellowships (see Tax-Free Scholarships and Fellowships in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), Pell grants (see Pell Grants and Other Title IV Need-Based Education Grants in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions). Irs forms 2009 form 1040 Employer-provided educational assistance (see chapter 11, Employer-Provided Educational Assistance ), Veterans' educational assistance (see Veterans' Benefits in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), and Any other nontaxable (tax-free) payments (other than gifts or inheritances) received as educational assistance. Irs forms 2009 form 1040 Generally, any scholarship or fellowship is treated as tax free. Irs forms 2009 form 1040 However, a scholarship or fellowship is not treated as tax free to the extent the student includes it in gross income (if the student is required to file a tax return for the year the scholarship or fellowship is received) and either of the following is true. Irs forms 2009 form 1040 The scholarship or fellowship (or any part of it) must be applied (by its terms) to expenses (such as room and board) other than qualified education expenses as defined in Qualified education expenses in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions. Irs forms 2009 form 1040 The scholarship or fellowship (or any part of it) may be applied (by its terms) to expenses (such as room and board) other than qualified education expenses as defined in Qualified education expenses in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions. Irs forms 2009 form 1040 You may be able to increase the combined value of an education credit and certain educational assistance if the student includes some or all of the educational assistance in income in the year it is received. Irs forms 2009 form 1040 For examples, see Coordination with Pell grants and other scholarships, later. Irs forms 2009 form 1040 Refunds. Irs forms 2009 form 1040   A refund of qualified education expenses may reduce adjusted qualified education expenses for the tax year or require repayment (recapture) of a credit claimed in an earlier year. Irs forms 2009 form 1040 Some tax-free educational assistance received after 2013 may be treated as a refund. Irs forms 2009 form 1040 See Tax-free educational assistance, earlier. Irs forms 2009 form 1040 Refunds received in 2013. Irs forms 2009 form 1040   For each student, figure the adjusted qualified education expenses for 2013 by adding all the qualified education expenses for 2013 and subtracting any refunds of those expenses received from the eligible educational institution during 2013. Irs forms 2009 form 1040 Refunds received after 2013 but before your income tax return is filed. Irs forms 2009 form 1040   If anyone receives a refund after 2013 of qualified education expenses paid on behalf of a student in 2013 and the refund is paid before you file an income tax return for 2013, the amount of qualified education expenses for 2013 is reduced by the amount of the refund. Irs forms 2009 form 1040 Refunds received after 2013 and after your income tax return is filed. Irs forms 2009 form 1040   If anyone receives a refund after 2013 of qualified education expenses paid on behalf of a student in 2013 and the refund is paid after you file an income tax return for 2013, you may need to repay some or all of the credit. Irs forms 2009 form 1040 See Credit recapture, next. Irs forms 2009 form 1040 Credit recapture. Irs forms 2009 form 1040    If any tax-free educational assistance for the qualified education expenses paid in 2013, or any refund of your qualified education expenses paid in 2013, is received after you file your 2013 income tax return, you must recapture (repay) any excess credit. Irs forms 2009 form 1040 You do this by refiguring the amount of your adjusted qualified education expenses for 2013 by reducing the expenses by the amount of the refund or tax-free educational assistance. Irs forms 2009 form 1040 You then refigure your education credit(s) for 2013 and figure the amount by which your 2013 tax liability would have increased if you claimed the refigured credit(s). Irs forms 2009 form 1040 Include that amount as an additional tax for the year the refund or tax-free assistance was received. Irs forms 2009 form 1040 Example. Irs forms 2009 form 1040   You paid $7,000 tuition and fees in August 2013, and your child began college in September 2013. Irs forms 2009 form 1040 You filed your 2013 tax return on February 17, 2014, and claimed an American opportunity credit of $2,500. Irs forms 2009 form 1040 After you filed your return, you received a refund of $4,000. Irs forms 2009 form 1040 You must refigure your 2013 American opportunity credit using $3,000 of qualified education expenses instead of $7,000. Irs forms 2009 form 1040 The refigured credit is $2,250. Irs forms 2009 form 1040 The increase to your tax liability is also $250. Irs forms 2009 form 1040 Include the difference of $250 as additional tax on your 2014 tax return. Irs forms 2009 form 1040 See the instructions for your 2014 income tax return to determine where to include this tax. Irs forms 2009 form 1040 If you pay qualified education expenses in 2014 for an academic period that begins in the first 3 months of 2014 and you receive tax-free educational assistance, or a refund, as described above, you may choose to reduce your qualified education expenses for 2014 instead of reducing your expenses for 2013. Irs forms 2009 form 1040 Amounts that do not reduce qualified education expenses. Irs forms 2009 form 1040   Do not reduce qualified education expenses by amounts paid with funds the student receives as: Payment for services, such as wages, A loan, A gift, An inheritance, or A withdrawal from the student's personal savings. Irs forms 2009 form 1040   Do not reduce the qualified education expenses by any scholarship or fellowship reported as income on the student's tax return in the following situations. Irs forms 2009 form 1040 The use of the money is restricted, by the terms of the scholarship or fellowship, to costs of attendance (such as room and board) other than qualified education expenses as defined in Qualified education expenses in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions. Irs forms 2009 form 1040 The use of the money is not restricted. Irs forms 2009 form 1040 Example 1. Irs forms 2009 form 1040 Joan paid $3,000 for tuition and $5,000 for room and board at University X. Irs forms 2009 form 1040 The university did not require her to pay any fees in addition to her tuition in order to enroll in or attend classes. Irs forms 2009 form 1040 To help pay these costs, she was awarded a $2,000 scholarship and a $4,000 student loan. Irs forms 2009 form 1040 The terms of the scholarship state that it can be used to pay any of Joan's college expenses. Irs forms 2009 form 1040 University X applies the $2,000 scholarship against Joan's $8,000 total bill, and Joan pays the $6,000 balance of her bill from University X with a combination of her student loan and her savings. Irs forms 2009 form 1040 Joan does not report any portion of the scholarship as income on her tax return. Irs forms 2009 form 1040 In figuring the amount of either education credit (American opportunity or lifetime learning), Joan must reduce her qualified education expenses by the amount of the scholarship ($2,000) because she excluded the entire scholarship from her income. Irs forms 2009 form 1040 The student loan is not tax-free educational assistance, so she does not need to reduce her qualified expenses by any part of the loan proceeds. Irs forms 2009 form 1040 Joan is treated as having paid $1,000 in qualified education expenses ($3,000 tuition – $2,000 scholarship). Irs forms 2009 form 1040 Example 2. Irs forms 2009 form 1040 The facts are the same as in Example 1, except that Joan reports her entire scholarship as income on her tax return. Irs forms 2009 form 1040 Because Joan reported the entire $2,000 scholarship in her income, she does not need to reduce her qualified education expenses. Irs forms 2009 form 1040 Joan is treated as having paid $3,000 in qualified education expenses. Irs forms 2009 form 1040 Coordination with Pell grants and other scholarships. Irs forms 2009 form 1040   In some cases, you may be able to reduce your tax liability by including scholarships in income. Irs forms 2009 form 1040 If you are claiming an education credit for a claimed dependent who received a scholarship, you may be able to reduce your tax liability if the student includes the scholarship in income. Irs forms 2009 form 1040 The scholarship must be one that may (by its terms) be applied to expenses (such as room and board) other than qualified education expenses. Irs forms 2009 form 1040 Example 1—No scholarship. Irs forms 2009 form 1040 Bill Pass, age 28 and unmarried, enrolled full-time in 2013 as a first-year student at a local college to earn a degree in law enforcement. Irs forms 2009 form 1040 This was his first year of postsecondary education. Irs forms 2009 form 1040 During 2013, he paid $5,600 for his qualified education expenses and $4,400 for his room and board for the fall 2013 semester. Irs forms 2009 form 1040 He and the college meet all the requirements for the American opportunity credit. Irs forms 2009 form 1040 Bill's AGI and his MAGI, for purposes of figuring his credit, are $30,000. Irs forms 2009 form 1040 Bill takes the standard deduction of $5,950 and personal exemption of $3,800, reducing his AGI to taxable income of $20,250. Irs forms 2009 form 1040 His income tax liability, before credits, is $2,599 and Bill claims no credits other than the American opportunity credit. Irs forms 2009 form 1040 He figures his American opportunity credit based on qualified education expenses of $4,000, which results in a credit of $2,500 and tax after credits of $99. Irs forms 2009 form 1040 Example 2—Scholarship excluded from income. Irs forms 2009 form 1040 The facts are the same as in Example 1—No scholarship, except that Bill was awarded a $5,600 scholarship. Irs forms 2009 form 1040 Under the terms of his scholarship, it may be used to pay any educational expenses, including room and board. Irs forms 2009 form 1040 If Bill excludes the scholarship from income, he will be deemed (for purposes of computing his education credit) to have used the scholarship to pay for tuition, required fees, and course materials. Irs forms 2009 form 1040 His adjusted qualified education expenses will be zero and he will not have an education credit. Irs forms 2009 form 1040 Therefore, Bill's tax after credits would be $2,599. Irs forms 2009 form 1040 Example 3—Scholarship partially included in income. Irs forms 2009 form 1040 The facts are the same as in Example 2—Scholarship excluded from income. Irs forms 2009 form 1040 If, unlike Example 2, Bill includes $4,000 of the scholarship in income, he will be deemed to have used that amount to pay for room and board. Irs forms 2009 form 1040 The remaining $1,600 of the $5,600 scholarship will reduce his qualified education expenses and his adjusted qualified education expenses will be $4,000. Irs forms 2009 form 1040 Bill's AGI will increase to $34,000, his taxable income will increase to $24,250, and his tax before credits will increase to $3,199. Irs forms 2009 form 1040 Based on his adjusted qualified education expenses of $4,000, Bill would be able to claim an American opportunity tax credit of $2,500 and his tax after credits would be $699. Irs forms 2009 form 1040 Expenses That Do Not Qualify Qualified education expenses do not include amounts paid for: Insurance, Medical expenses (including student health fees), Room and board, Transportation, or Similar personal, living, or family expenses. Irs forms 2009 form 1040 This is true even if the amount must be paid to the institution as a condition of enrollment or attendance. Irs forms 2009 form 1040 Sports, games, hobbies, and noncredit courses. Irs forms 2009 form 1040   Qualified education expenses generally do not include expenses that relate to any course of instruction or other education that involves sports, games or hobbies, or any noncredit course. Irs forms 2009 form 1040 However, if the course of instruction or other education is part of the student's degree program, these expenses can qualify. Irs forms 2009 form 1040 Comprehensive or bundled fees. Irs forms 2009 form 1040   Some eligible educational institutions combine all of their fees for an academic period into one amount. Irs forms 2009 form 1040 If you do not receive or do not have access to an allocation showing how much you paid for qualified education expenses and how much you paid for personal expenses, such as those listed earlier, contact the institution. Irs forms 2009 form 1040 The institution is required to make this allocation and provide you with the amount you paid (or were billed) for qualified education expenses on Form 1098-T, Tuition Statement. Irs forms 2009 form 1040 See Figuring the Credit , later, for more information about Form 1098-T. Irs forms 2009 form 1040 Who Is an Eligible Student To claim the American opportunity credit, the student for whom you pay qualified education expenses must be an eligible student. Irs forms 2009 form 1040 This is a student who meets all of the following requirements. Irs forms 2009 form 1040 The student did not have expenses that were used to figure an American opportunity credit in any 4 earlier tax years. Irs forms 2009 form 1040 This includes any tax year(s) in which you claimed the Hope Scholarship Credit for the same student. Irs forms 2009 form 1040 The student had not completed the first 4 years of postsecondary education (generally, the freshman, sophomore, junior, and senior years of college) before 2013. Irs forms 2009 form 1040 For at least one academic period beginning in 2013, the student was enrolled at least half-time in a program leading to a degree, certificate, or other recognized educational credential. Irs forms 2009 form 1040 The student has not been convicted of any federal or state felony for possessing or distributing a controlled substance as of the end of 2013. Irs forms 2009 form 1040 These requirements are also shown in Figure 2-2, Who is an Eligible Student for the American Opportunity Credit , later. Irs forms 2009 form 1040 Completion of first 4 years. Irs forms 2009 form 1040   A student has completed the first 4 years of postsecondary education if the institution at which the student is enrolled awards the student 4 years of academic credit at that institution for coursework completed by the student before 2013. Irs forms 2009 form 1040 This student generally would not be an eligible student for purposes of the American opportunity credit. Irs forms 2009 form 1040 Exception. Irs forms 2009 form 1040   Any academic credit awarded solely on the basis of the student's performance on proficiency examinations is disregarded in determining whether the student has completed 4 years of postsecondary education. Irs forms 2009 form 1040 Enrolled at least half-time. Irs forms 2009 form 1040   A student was enrolled at least half-time if the student was taking at least half the normal full-time work load for his or her course of study. Irs forms 2009 form 1040   The standard for what is half of the normal full-time work load is determined by each eligible educational institution. Irs forms 2009 form 1040 However, the standard may not be lower than any of those established by the U. Irs forms 2009 form 1040 S. Irs forms 2009 form 1040 Department of Education under the Higher Education Act of 1965. Irs forms 2009 form 1040 Please click here for the text description of the image. Irs forms 2009 form 1040 Figure 2-2 Example 1. Irs forms 2009 form 1040 Mack graduated from high school in June 2012. Irs forms 2009 form 1040 In September, he enrolled in an undergraduate degree program at College U, and attended full-time for both the 2012 fall and 2013 spring semesters. Irs forms 2009 form 1040 For the 2013 fall semester, Mack was enrolled less than half-time. Irs forms 2009 form 1040 Because Mack was enrolled in an undergraduate degree program on at least a half-time basis for at least one academic period that began during 2012 and at least one academic period that began during 2013, he is an eligible student for tax years 2012 and 2013 (including the 2013 fall semester when he enrolled at College U on less than a half-time basis). Irs forms 2009 form 1040 Example 2. Irs forms 2009 form 1040 After taking classes at College V on a part-time basis for a few years, Shelly became a full-time student for the 2013 spring semester. Irs forms 2009 form 1040 College V classified Shelly as a second-semester senior (fourth year) for the 2013 spring semester and as a first-semester graduate student (fifth year) for the 2013 fall semester. Irs forms 2009 form 1040 Because College V did not classify Shelly as having completed the first 4 years of postsecondary education as of the beginning of 2013, Shelly is an eligible student for tax year 2013. Irs forms 2009 form 1040 Therefore, the qualified education expenses paid for the 2013 spring semester and the 2013 fall semester are taken into account in calculating the American opportunity credit for 2013. Irs forms 2009 form 1040 Example 3. Irs forms 2009 form 1040 During the 2012 fall semester, Larry was a high school student who took classes on a half-time basis at College X. Irs forms 2009 form 1040 Larry was not enrolled as part of a degree program at College X because College X only admits students to a degree program if they have a high school diploma or equivalent. Irs forms 2009 form 1040 Because Larry was not enrolled in a degree program at College X during 2012, Larry was not an eligible student for tax year 2012. Irs forms 2009 form 1040 Example 4. Irs forms 2009 form 1040 The facts are the same as in Example 3. Irs forms 2009 form 1040 During the 2013 spring semester, Larry again attended College X but not as part of a degree program. Irs forms 2009 form 1040 Larry graduated from high school in June 2013. Irs forms 2009 form 1040 For the 2013 fall semester, Larry enrolled as a full-time student in College X as part of a degree program, and College X awarded Larry credit for his prior coursework at College X. Irs forms 2009 form 1040 Because Larry was enrolled in a degree program at College X for the 2013 fall term on at least a half-time basis, Larry is an eligible student for all of tax year 2013. Irs forms 2009 form 1040 Therefore, the qualified education expenses paid for classes taken at College X during both the 2013 spring semester (during which Larry was not enrolled in a degree program) and the 2013 fall semester are taken into account in computing any American opportunity credit. Irs forms 2009 form 1040 Example 5. Irs forms 2009 form 1040 Dee graduated from high school in June 2012. Irs forms 2009 form 1040 In January 2013, Dee enrolled in a 1-year postsecondary certificate program on a full-time basis to obtain a certificate as a travel agent. Irs forms 2009 form 1040 Dee completed the program in December 2013, and was awarded a certificate. Irs forms 2009 form 1040 In January 2014, she enrolled in a 1-year postsecondary certificate program on a full-time basis to obtain a certificate as a computer programmer. Irs forms 2009 form 1040 Dee is an eligible student for both tax years 2013 and 2014 because she meets the degree requirement, the work load requirement, and the year of study requirement for those years. Irs forms 2009 form 1040 Who Can Claim a Dependent's Expenses If there are qualified education expenses for your dependent during a tax year, either you or your dependent, but not both of you, can claim an American opportunity credit for your dependent's expenses for that year. Irs forms 2009 form 1040 For you to claim an American opportunity credit for your dependent's expenses, you must also claim an exemption for your dependent. Irs forms 2009 form 1040 You do this by listing your dependent's name and other required information on Form 1040 (or Form 1040A), line 6c. Irs forms 2009 form 1040 IF you. Irs forms 2009 form 1040 . Irs forms 2009 form 1040 . Irs forms 2009 form 1040 THEN only. Irs forms 2009 form 1040 . Irs forms 2009 form 1040 . Irs forms 2009 form 1040 claim an exemption on  your tax return for a  dependent who is an  eligible student you can claim the American opportunity credit based on that dependent's expenses. Irs forms 2009 form 1040 The dependent cannot claim the credit. Irs forms 2009 form 1040 do not claim an exemption on your tax return for a dependent who is an eligible student (even if entitled to the exemption) the dependent can claim the American opportunity credit. Irs forms 2009 form 1040 You cannot claim the credit based on this dependent's expenses. Irs forms 2009 form 1040 Expenses paid by dependent. Irs forms 2009 form 1040   If you claim an exemption on your tax return for an eligible student who is your dependent, treat any expenses paid (or deemed paid) by your dependent as if you had paid them. Irs forms 2009 form 1040 Include these expenses when figuring the amount of your American opportunity credit. Irs forms 2009 form 1040    Qualified education expenses paid directly to an eligible educational institution for your dependent under a court-approved divorce decree are treated as paid by your dependent. Irs forms 2009 form 1040 Expenses paid by you. Irs forms 2009 form 1040   If you claim an exemption for a dependent who is an eligible student, only you can include any expenses you paid when figuring the amount of the American opportunity credit. Irs forms 2009 form 1040 If neither you nor anyone else claims an exemption for the dependent, only the dependent can include any expenses you paid when figuring the American opportunity credit. Irs forms 2009 form 1040 Expenses paid by others. Irs forms 2009 form 1040   Someone other than you, your spouse, or your dependent (such as a relative or former spouse) may make a payment directly to an eligible educational institution to pay for an eligible student's qualified education expenses. Irs forms 2009 form 1040 In this case, the student is treated as receiving the payment from the other person and, in turn, paying the institution. Irs forms 2009 form 1040 If you claim an exemption on your tax return for the student, you are considered to have paid the expenses. Irs forms 2009 form 1040 Example. Irs forms 2009 form 1040 In 2013, Ms. Irs forms 2009 form 1040 Allen makes a payment directly to an eligible educational institution for her grandson Todd's qualified education expenses. Irs forms 2009 form 1040 For purposes of claiming an American opportunity credit, Todd is treated as receiving the money from his grandmother and, in turn, paying his qualified education expenses himself. Irs forms 2009 form 1040 Unless an exemption for Todd is claimed on someone else's 2013 tax return, only Todd can use the payment to claim an American opportunity credit. Irs forms 2009 form 1040 If anyone, such as Todd's parents, claims an exemption for Todd on his or her 2013 tax return, whoever claims the exemption may be able to use the expenses to claim an American opportunity credit. Irs forms 2009 form 1040 If anyone else claims an exemption for Todd, Todd cannot claim an American opportunity credit. Irs forms 2009 form 1040 Tuition reduction. Irs forms 2009 form 1040    When an eligible educational institution provides a reduction in tuition to an employee of the institution (or spouse or dependent child of an employee), the amount of the reduction may or may not be taxable. Irs forms 2009 form 1040 If it is taxable, the employee is treated as receiving a payment of that amount and, in turn, paying it to the educational institution on behalf of the student. Irs forms 2009 form 1040 For more information on tuition reductions, see Qualified Tuition Reduction in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions. Irs forms 2009 form 1040 Figuring the Credit The amount of the American opportunity credit (per eligible student) is the sum of: 100% of the first $2,000 of qualified education expenses you paid for the eligible student, and 25% of the next $2,000 of qualified education expenses you paid for that student. Irs forms 2009 form 1040 The maximum amount of American opportunity credit you can claim in 2013 is $2,500 multiplied by the number of eligible students. Irs forms 2009 form 1040 You can claim the full $2,500 for each eligible student for whom you paid at least $4,000 of adjusted qualified education expenses. Irs forms 2009 form 1040 However, the credit may be reduced based on your MAGI. Irs forms 2009 form 1040 See Effect of the Amount of Your Income on the Amount of Your Credit , later. Irs forms 2009 form 1040 Example. Irs forms 2009 form 1040 Jack and Kay Ford are married and file a joint tax return. Irs forms 2009 form 1040 For 2013, they claim an exemption for their dependent daughter on their tax return. Irs forms 2009 form 1040 Their MAGI is $70,000. Irs forms 2009 form 1040 Their daughter is in her junior (third) year of studies at the local university. Irs forms 2009 form 1040 Jack and Kay paid qualified education expenses of $4,300 in 2013. Irs forms 2009 form 1040 Jack and Kay, their daughter, and the local university meet all of the requirements for the American opportunity credit. Irs forms 2009 form 1040 Jack and Kay can claim a $2,500 American opportunity credit in 2013. Irs forms 2009 form 1040 This is 100% of the first $2,000 of qualified education expenses, plus 25% of the next $2,000. Irs forms 2009 form 1040 Form 1098-T. Irs forms 2009 form 1040   To help you figure your American opportunity credit, the student should receive Form 1098-T, Tuition Statement. Irs forms 2009 form 1040 Generally, an eligible educational institution (such as a college or university) must send Form 1098-T (or acceptable substitute) to each enrolled student by January 31, 2014. Irs forms 2009 form 1040 An institution may choose to report either payments received (box 1), or amounts billed (box 2), for qualified education expenses. Irs forms 2009 form 1040 However, the amounts in boxes 1 and 2 of Form 1098-T might be different than what you paid. Irs forms 2009 form 1040 When figuring the credit, use only the amounts you paid or are deemed to have paid in 2013 for qualified education expenses. Irs forms 2009 form 1040   In addition, Form 1098-T should give other information for that institution, such as adjustments made for prior years, the amount of scholarships or grants, reimbursements or refunds, and whether the student was enrolled at least half-time or was a graduate student. Irs forms 2009 form 1040    The eligible educational institution may ask for a completed Form W-9S, Request for Student's or Borrower's Taxpayer Identification Number and Certification, or similar statement to obtain the student's name, address, and taxpayer identification number. Irs forms 2009 form 1040 Effect of the Amount of Your Income on the Amount of Your Credit The amount of your American opportunity credit is phased out (gradually reduced) if your MAGI is between $80,000 and $90,000 ($160,000 and $180,000 if you file a joint return). Irs forms 2009 form 1040 You cannot claim an American opportunity credit if your MAGI is $90,000 or more ($180,000 or more if you file a joint return). Irs forms 2009 form 1040 Modified adjusted gross income (MAGI). Irs forms 2009 form 1040   For most taxpayers, MAGI is adjusted gross income (AGI) as figured on their federal income tax return. Irs forms 2009 form 1040 MAGI when using Form 1040A. Irs forms 2009 form 1040   If you file Form 1040A, your MAGI is the AGI on line 22 of that form. Irs forms 2009 form 1040 MAGI when using Form 1040. Irs forms 2009 form 1040   If you file Form 1040, your MAGI is the AGI on line 38 of that form, modified by adding back any: Foreign earned income exclusion, Foreign housing exclusion, Foreign housing deduction, Exclusion of income by bona fide residents of American Samoa, and Exclusion of income by bona fide residents of Puerto Rico. Irs forms 2009 form 1040 You can use Worksheet 2-1, next, to figure your MAGI. Irs forms 2009 form 1040    Worksheet 2-1. Irs forms 2009 form 1040 MAGI for the American Opportunity Credit 1. Irs forms 2009 form 1040 Enter your adjusted gross income  (Form 1040, line 38)   1. Irs forms 2009 form 1040   2. Irs forms 2009 form 1040 Enter your foreign earned income exclusion and/or housing exclusion (Form 2555, line 45, or Form 2555-EZ, line 18)   2. Irs forms 2009 form 1040       3. Irs forms 2009 form 1040 Enter your foreign housing deduction (Form 2555, line 50)   3. Irs forms 2009 form 1040       4. Irs forms 2009 form 1040 Enter the amount of income from Puerto Rico you are excluding   4. Irs forms 2009 form 1040       5. Irs forms 2009 form 1040 Enter the amount of income from American Samoa you are excluding (Form 4563, line 15)   5. Irs forms 2009 form 1040       6. Irs forms 2009 form 1040 Add the amounts on lines 2, 3, 4, and 5   6. Irs forms 2009 form 1040   7. Irs forms 2009 form 1040 Add the amounts on lines 1 and 6. Irs forms 2009 form 1040  This is your modified adjusted  gross income. Irs forms 2009 form 1040 Enter here and  on Form 8863, line 3   7. Irs forms 2009 form 1040   Phaseout. Irs forms 2009 form 1040   If your MAGI is within the range of incomes where the credit must be reduced, you will figure your reduced credit using lines 2-7, of Form 8863, Part I. Irs forms 2009 form 1040 The same method is shown in the following example. Irs forms 2009 form 1040 Example. Irs forms 2009 form 1040 You are filing a joint return and your MAGI is $165,000. Irs forms 2009 form 1040 In 2013, you paid $5,000 of qualified education expenses. Irs forms 2009 form 1040 You figure a tentative American opportunity credit of $2,500 (100% of the first $2,000 of qualified education expenses, plus 25% of the next $2,000 of qualified education expenses). Irs forms 2009 form 1040 Because your MAGI is within the range of incomes where the credit must be reduced, you must multiply your tentative credit ($2,500) by a fraction. Irs forms 2009 form 1040 The numerator of the fraction is $180,000 (the upper limit for those filing a joint return) minus your MAGI. Irs forms 2009 form 1040 The denominator is $20,000, the range of incomes for the phaseout ($160,000 to $180,000). Irs forms 2009 form 1040 The result is the amount of your phased out (reduced) American opportunity credit ($1,875). Irs forms 2009 form 1040      $2,500 × $180,000 − $165,000  $20,000 = $1,875   Refundable Part of Credit Forty percent of the American opportunity credit is refundable for most taxpayers. Irs forms 2009 form 1040 However, if you were under age 24 at the end of 2013 and the conditions listed below apply to you, you cannot claim any part of the American opportunity credit as a refundable credit on your tax return. Irs forms 2009 form 1040 Instead, your allowed credit (figured on Form 8863, Part II) will be used to reduce your tax as a nonrefundable credit only. Irs forms 2009 form 1040 You do not qualify for a refund if items 1 (a, b, or c), 2, and 3 below apply to you. Irs forms 2009 form 1040 You were: Under age 18 at the end of 2013, or Age 18 at the end of 2013 and your earned income (defined below) was less than one-half of your support (defined below), or Over age 18 and under age 24 at the end of 2013 and a full-time student (defined below) and your earned income (defined below) was less than one-half of your support (defined below). Irs forms 2009 form 1040 At least one of your parents was alive at the end of 2013. Irs forms 2009 form 1040 You are filing a return as single, head of household, qualifying widow(er), or married filing separately for 2013. Irs forms 2009 form 1040 Earned income. Irs forms 2009 form 1040   Earned income includes wages, salaries, professional fees, and other payments received for personal services actually performed. Irs forms 2009 form 1040 Earned income includes the part of any scholarship or fellowship that represents payment for teaching, research, or other services performed by the student that are required as a condition for receiving the scholarship or fellowship. Irs forms 2009 form 1040 Earned income does not include that part of the compensation for personal services rendered to a corporation which represents a distribution of earnings or profits rather than a reasonable allowance as compensation for the personal services actually rendered. Irs forms 2009 form 1040   If you are a sole proprietor or a partner in a trade or business in which both personal services and capital are material income-producing factors, earned income also includes a reasonable allowance for compensation for personal services, but not more than 30% of your share of the net profits from that trade or business (after subtracting the deduction for one-half of self-employment tax). Irs forms 2009 form 1040 However, if capital is not an income-producing factor and your personal services produced the business income, the 30% limit does not apply. Irs forms 2009 form 1040 Support. Irs forms 2009 form 1040   Your support includes food, shelter, clothing, medical and dental care, education, and the like. Irs forms 2009 form 1040 Generally, the amount of the item of support will be the amount of expenses incurred by the one furnishing such item. Irs forms 2009 form 1040 If the item of support is in the form of property or lodging, measure the amount of such item of support by its fair market value. Irs forms 2009 form 1040 However, a scholarship received by you is not considered support if you are a full-time student. Irs forms 2009 form 1040 See Publication 501 for details. Irs forms 2009 form 1040 Full-time student. Irs forms 2009 form 1040   You are a full-time student for 2013 if during any part of any 5 calendar months during the year you were enrolled as a full-time student at an eligible educational institution (defined earlier), or took a full-time, on-farm training course given by such an institution or by a state, county, or local government agency. Irs forms 2009 form 1040 Claiming the Credit You claim the American opportunity credit by completing Form 8863 and submitting it with your Form 1040 or 1040A. Irs forms 2009 form 1040 Enter the nonrefundable part of the credit on Form 1040, line 49, or on Form 1040A, line 31. Irs forms 2009 form 1040 Enter the refundable part of the credit on Form 1040, line 66, or on Form 1040A, line 40. Irs forms 2009 form 1040 A filled-in Form 8863 is shown at the end of this publication. Irs forms 2009 form 1040 Note. Irs forms 2009 form 1040 In Appendix A. Irs forms 2009 form 1040 at the end of this publication, there is an example illustrating the use of Form 8863 when both the American opportunity credit and the lifetime learning credit are claimed on the same tax return. Irs forms 2009 form 1040 Prev  Up  Next   Home   More Online Publications
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Accessible Tax Forms (ASL)

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01:54

Additional Medicare Tax (ASL) Text 03:06
All About IRS.gov (ASL)

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00:58

Amending My Return - (ASL)

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01:52

Are You a Victim of Identity Theft? (ASL) Text 02:19
Careers at the IRS (ASL)

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00:55

Changed Your Name After Marriage or Divorce? (ASL)

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01:48

Charitable Contributions (ASL)

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00:59

Choosing a Tax Preparer (ASL) Text 02:04
Did the IRS Receive My Payment (ASL) Text 01:15
Direct Deposit (ASL)

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00:45

Do It Yourself Free Tax Preparation (ASL) Text 02:30
Do Your Taxes for Free: Sandwich Generation (ASL)

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02:40

Earned Income Tax Credit (ASL) Text 02:29
Education Tax Credits (ASL) Text 02:31
Electronic Federal Tax Payment System (ASL)

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01:03

Employer Identification Number (ASL)

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01:41

Estimated Tax Payments (ASL)

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02:04

Exempt Organizations Select Check (ASL) Text 01:24
Fair Market Value of Charitable Donations (ASL)

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02:33

File Your 1040-EZ Using Free File (ASL) Text 00:45
File Your Taxes for Free: Sandwich Generation (ASL)

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02:40

First-Time Homebuyer Credit Account Look-Up Tool (ASL)

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02:18

For Deaf Users of Relay Services (ASL)

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01:20

Free Help Preparing Your Tax Return (ASL) Text 01:54
Free IRS Tax Help (ASL) Text 01:26
Gambling Winnings and Losses (ASL) Text 02:28
Haven't Filed a Tax Return in Years? (ASL)

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01:16

Health Insurance on W-2 (ASL) Text 02:01
Help for Disaster Victims (ASL)

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Help Yourself! (ASL) Text 02:12
Home Office Deduction (ASL)

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01:49

How to Get 1040 Forms (ASL) Text 01:50
How to Use the Where's My Refund? Tool (ASL) Text 03:42
Innocent Spouse Relief (ASL)

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03:45

IRS Balance Due Inquiry (ASL) Text 01:15
IRS Efforts On Identity Theft (ASL) Text 02:13
IRS Identity Theft FAQ: First Steps for Victims (ASL) Text 02:54
IRS Identity Theft FAQ: Going After The Bad Guys (ASL) Text 01:57
IRS Information Available in Spanish (ASL)

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01:19

IRS Tax Forms and Publications (ASL)

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IRS Tax Payment Options (ASL)

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IRS Withholding Calculator (ASL) Text 02:34
Is Social Security Taxable? (ASL)

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Job Search Expenses (ASL)

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Last-Minute Tax Tips (ASL) Text 02:16
Lien Withdrawal (ASL) Text 02:16
Medical and Dental Expenses (ASL) Text 02:59
Message to Taxpayers Text 02:52
Military Tax Tips (ASL)

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02:04

Miscellaneous Income (ASL)

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Moving Expenses (ASL)

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Need More Time to File Your Taxes (ASL) Text 01:38
Online Payment Agreement (ASL)

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01:45

Owe More Taxes Than You Expected (ASL)

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Owe Taxes But Can't Pay (ASL)

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Phishing-Malware (ASL)

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Preparing for Disasters (ASL)

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Protect Yourself From Identity Theft (ASL) Text 02:59
Received a Letter from the IRS? (ASL)

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Record Keeping(ASL)

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Renting Your Vacation Home (ASL) Text 02:14
Required Withdrawals from Your IRA (ASL) Text 01:57
Savings Bonds (ASL)

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01:33

Selling Your Home (ASL)

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02:01

Simplified Home Office Deduction (ASL) Text 02:28
Small Tax-Exempts Annual Reporting Reminder (ASL)

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01:43

Split Refunds – Savings Bonds (ASL)

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01:14

Standard Versus Itemized Deductions (ASL)

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01:58

Summer Day Camp Expenses (ASL)

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Tanning Tax Fitness Center Exception (ASL)

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01:35

Tap into IRS for Accessible Tax Information (ASL)

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Tax Information About Same-Sex Marriage (ASL) Text 01:52
Tax Refund Scams (ASL)

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02:23

Tax Return Errors (ASL)

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Tax Scam (ASL)

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00:60

Taxable and Nontaxable Income (ASL)

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02:08

Taxpayer Assistance Centers (ASL)

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01:37

Top Tax Return Mistakes (ASL)

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Undelivered Refunds  (ASL)

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Understanding Taxes (ASL)

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Volunteer Income Tax Assistance Recruitment (ASL)

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W-2 Missing? (ASL)

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What If? (ASL)

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When Will I Get My Refund? (ASL) Text 02:42
Where Taxpayers With Disabilities Can Find Online Help from the IRS (ASL) Text 02:03
Your Guide to an IRS Audit (ASL)

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02:37

 

 


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The Irs Forms 2009 Form 1040

Irs forms 2009 form 1040 Index A Accounting method Accrual, Accrual Method, Accrual method. Irs forms 2009 form 1040 Automatic procedures, Automatic change procedures. Irs forms 2009 form 1040 Cash, Cash Method, Cash method. Irs forms 2009 form 1040 Change in, Change in Accounting Method Combination, Combination Method Special, Special Methods Accounting periods, Accounting Periods Accrual method Income - general rule, Income—General Rule Income - special rules, Income—Special Rules Of accounting, Accrual Method Adjusted basis, Adjusted basis. Irs forms 2009 form 1040 Administrator, Executor or administrator. Irs forms 2009 form 1040 Alternative fuel vehicle refueling property credit, Alternative fuel vehicle refueling property credit (Form 8911). Irs forms 2009 form 1040 Alternative motor vehicle credit, Alternative motor vehicle credit (Form 8910). Irs forms 2009 form 1040 Appeal rights, Appeals. Irs forms 2009 form 1040 Appreciation, Appreciation. Irs forms 2009 form 1040 Audits, Examinations (audits). Irs forms 2009 form 1040 Automobile (see Car expenses) B Bad debts, Bad Debts Barter income, Bartering for Property or Services Basis of property, Basis. Irs forms 2009 form 1040 Bribes, Expenses You Cannot Deduct Business expenses, Business Expenses Business income, Business Income Business use of your home, Business Use of Your Home C Canceled debt, Canceled Debt Cancellation of qualified real property business debt, Cancellation of qualified real property business debt. Irs forms 2009 form 1040 Capital gain or loss, Is My Gain or Loss Ordinary or Capital? Car expenses, Car and Truck Expenses, Methods for Deducting Car and Truck Expenses Carbon dioxide sequestration credit, Carbon dioxide sequestration credit (Form 8933). Irs forms 2009 form 1040 Cash discount, Cash discounts. Irs forms 2009 form 1040 , Cash discounts. Irs forms 2009 form 1040 Cash method Expenses, Expenses Income, Income Changing accounting method, Changing accounting method. Irs forms 2009 form 1040 Charitable contributions, Expenses You Cannot Deduct Child employed by parent, Child employed by parent. Irs forms 2009 form 1040 Claim for refund, Refunds. Irs forms 2009 form 1040 Collection of tax, Collections. Irs forms 2009 form 1040 Combination method of accounting, Combination Method Comments on publication, Comments and suggestions. Irs forms 2009 form 1040 Condemned property, Condemned property. Irs forms 2009 form 1040 Consignments, Consignments. Irs forms 2009 form 1040 Construction allowances, Construction allowances. Irs forms 2009 form 1040 Cost of goods sold, How To Figure Cost of Goods Sold Credit Alternative fuel vehicle refueling property, Alternative fuel vehicle refueling property credit (Form 8911). Irs forms 2009 form 1040 Alternative motor vehicle, Alternative motor vehicle credit (Form 8910). Irs forms 2009 form 1040 Carbon dioxide sequestration, Carbon dioxide sequestration credit (Form 8933). Irs forms 2009 form 1040 Disabled access, Disabled access credit (Form 8826). Irs forms 2009 form 1040 Distilled spirits, Distilled spirits credit (Form 8906). Irs forms 2009 form 1040 Employer-provided childcare, Credit for employer-provided childcare facilities and services (Form 8882). Irs forms 2009 form 1040 How to claim, How To Claim the Credit Indian coal, Renewable electricity, refined coal, and Indian coal production credit (Form 8835). Irs forms 2009 form 1040 Investment, Investment credit (Form 3468). Irs forms 2009 form 1040 Low sulfur diesel fuel production, Low sulfur diesel fuel production credit (Form 8896). Irs forms 2009 form 1040 Low-income housing, Low-income housing credit (Form 8586). Irs forms 2009 form 1040 New markets, New markets credit (Form 8874). Irs forms 2009 form 1040 Nonconventional source fuel, Nonconventional source fuel credit (Form 8907). Irs forms 2009 form 1040 Orphan drug, Orphan drug credit (Form 8820). Irs forms 2009 form 1040 Qualified plug-in electric drive motor vehicle, Qualified plug-in electric drive motor vehicle credit (Form 8936). Irs forms 2009 form 1040 Refined coal, Renewable electricity, refined coal, and Indian coal production credit (Form 8835). Irs forms 2009 form 1040 Renewable electricity, Renewable electricity, refined coal, and Indian coal production credit (Form 8835). Irs forms 2009 form 1040 Small employer health insurance premiums, Credit for small employer health insurance premiums (Form 8941). Irs forms 2009 form 1040 Small employer pension plan startup costs, Credit for small employer pension plan startup costs (Form 8881). Irs forms 2009 form 1040 Taxes paid on certain employee tips, Credit for employer social security and Medicare taxes paid on certain employee tips (Form 8846). Irs forms 2009 form 1040 Work opportunity, Work opportunity credit (Form 5884). Irs forms 2009 form 1040 D Damages, Damages. Irs forms 2009 form 1040 Debt Bad, Bad Debts Canceled, Canceled Debt Qualified real property business, Qualified real property business debt. Irs forms 2009 form 1040 Refund offset against, Offset against debts. Irs forms 2009 form 1040 Definitions Accounting methods, Accounting Methods Accounting periods, Accounting Periods Barter, Bartering for Property or Services Basis, Basis. Irs forms 2009 form 1040 Business bad debt, Business bad debt. Irs forms 2009 form 1040 Calendar tax year, Calendar tax year. Irs forms 2009 form 1040 Cash discount, Cash discounts. Irs forms 2009 form 1040 , Cash discounts. Irs forms 2009 form 1040 Disposition of property, What Is a Disposition of Property? Drawing account, Merchandise withdrawn from sale. Irs forms 2009 form 1040 Entertainment expenses, Entertainment expenses. Irs forms 2009 form 1040 Fair market value, Fair market value. Irs forms 2009 form 1040 Fiscal tax year, Fiscal tax year. Irs forms 2009 form 1040 Fringe benefit, Fringe benefits. Irs forms 2009 form 1040 Local transportation expenses, Local transportation expenses. Irs forms 2009 form 1040 Necessary expense, Introduction Net operating loss, Net Operating Losses (NOLs) Nonbusiness bad debt, Nonbusiness bad debts. Irs forms 2009 form 1040 Ordinary expense, Introduction Principal place of business, Principal place of business. Irs forms 2009 form 1040 Qualified long-term real property, Qualified long-term real property. Irs forms 2009 form 1040 Qualified real property business debt, Cancellation of qualified real property business debt. Irs forms 2009 form 1040 Rent, Rent Expense Restricted property, Other Income Retail space, Retail space. Irs forms 2009 form 1040 Self-employment (SE) tax, Self-Employment (SE) Tax Sole proprietor, Sole proprietor. Irs forms 2009 form 1040 Tax home, Local transportation expenses. Irs forms 2009 form 1040 Trade discount, Trade discounts. Irs forms 2009 form 1040 , Cash discounts. Irs forms 2009 form 1040 Travel expenses, Travel, Meals, and Entertainment Depreciation Deduction, Depreciation Listed property, Listed property. Irs forms 2009 form 1040 Depreciation, recapture, Recapture of depreciation. Irs forms 2009 form 1040 Direct seller, Direct seller. Irs forms 2009 form 1040 , Real estate agent or direct seller. Irs forms 2009 form 1040 Disabled access credit, Disabled access credit (Form 8826). Irs forms 2009 form 1040 Disposition of property Business property, Introduction Installment sale, Installment sales. Irs forms 2009 form 1040 , Installment sales. Irs forms 2009 form 1040 Like-kind exchange, Like-kind exchanges. Irs forms 2009 form 1040 , Like-kind exchanges. Irs forms 2009 form 1040 , Exchange of like-kind property. Irs forms 2009 form 1040 Nontaxable exchange, Nontaxable exchanges. Irs forms 2009 form 1040 Sale of a business, Sale of a business. Irs forms 2009 form 1040 Distilled spirits credit, Distilled spirits credit (Form 8906). Irs forms 2009 form 1040 Dividend income, Interest and Dividend Income Donation of inventory, Donation of inventory. Irs forms 2009 form 1040 Drawing account, Merchandise withdrawn from sale. Irs forms 2009 form 1040 Due date of return, When Is My Tax Return Due? E e-file, IRS e-file (Electronic Filing) Economic injury, Economic injury. Irs forms 2009 form 1040 EFTPS, EFTPS Electronic filing, IRS e-file (Electronic Filing) Employee, Employee. Irs forms 2009 form 1040 Employee benefit programs, Fringe benefits. Irs forms 2009 form 1040 Employees' pay, Employees' Pay Employer identification number (EIN), Employer identification number (EIN). Irs forms 2009 form 1040 Employment taxes About, Employment Taxes Deduction for, Employment taxes. Irs forms 2009 form 1040 Entertainment expenses, Entertainment expenses. Irs forms 2009 form 1040 (see Travel expenses) Escrow, payments placed in, Payment placed in escrow. Irs forms 2009 form 1040 Estimated tax, How Do I Pay Income Tax? Examinations (audits), Examinations (audits). Irs forms 2009 form 1040 Excise taxes About, Excise Taxes Deduction for, Excise taxes. Irs forms 2009 form 1040 Executor, Executor or administrator. Irs forms 2009 form 1040 Expenses, Business Expenses Bad debts, Bad Debts Car, Car and Truck Expenses Depreciation, Depreciation Employees' pay, Employees' Pay Entertainment, Travel, Meals, and Entertainment Home, business use, Business Use of Your Home Insurance, Insurance Interest, Interest Legal and professional fees, Legal and Professional Fees Meals, Travel, Meals, and Entertainment Nondeductible, Expenses You Cannot Deduct Other, Other Expenses You Can Deduct Pension plans, Pension Plans Rent, Rent Expense Taxes, Taxes Travel, Travel, Meals, and Entertainment Truck, Car and Truck Expenses F Fair market value, Fair market value. Irs forms 2009 form 1040 Filing business taxes, Filing and Paying Business Taxes Fishing crew member, Fishing crew member. Irs forms 2009 form 1040 , Fishing crew member. Irs forms 2009 form 1040 Form 1040 (tax return), How Do I File? 1040-ES (estimated tax), How Do I Pay Income Tax? 1040-V (voucher), Balance due. Irs forms 2009 form 1040 1099-B (barter), Information returns. Irs forms 2009 form 1040 1099-MISC (miscellaneous), Form 1099-MISC. Irs forms 2009 form 1040 , Information returns. Irs forms 2009 form 1040 1128 (change tax year), Change in tax year. Irs forms 2009 form 1040 2210 (underpayment of estimated tax), Penalty for underpayment of tax. Irs forms 2009 form 1040 2290 (excise tax for heavy trucks), Form 2290. Irs forms 2009 form 1040 3115 (change accounting method), Change in Accounting Method 3468 (investment credit), Investment credit (Form 3468). Irs forms 2009 form 1040 3800 (general business credit), Useful Items - You may want to see: 4562 (depreciation), Form 4562. Irs forms 2009 form 1040 4684 (casualty and theft), Casualties and thefts. Irs forms 2009 form 1040 4797 (sale of business property), Dispositions of business property and depreciable property. Irs forms 2009 form 1040 , Condemned property. Irs forms 2009 form 1040 , Listed property. Irs forms 2009 form 1040 4868 (extension), When Is My Tax Return Due? 5884 (work opportunity credit), Work opportunity credit (Form 5884). Irs forms 2009 form 1040 6251 (alternative minimum tax), Useful Items - You may want to see: 6252 (installment sale), Installment sales. Irs forms 2009 form 1040 720 (excise tax return), Form 720. Irs forms 2009 form 1040 8300 (cash payments over $10,000), Form 8300. Irs forms 2009 form 1040 8586 (low-income housing), Low-income housing credit (Form 8586). Irs forms 2009 form 1040 8594 (asset acquisition), Sale of a business. Irs forms 2009 form 1040 8820 (orphan drug credit), Orphan drug credit (Form 8820). Irs forms 2009 form 1040 8824 (like-kind exchange), Like-kind exchanges. Irs forms 2009 form 1040 , Like-kind exchanges. Irs forms 2009 form 1040 8826 (disabled access credit), Disabled access credit (Form 8826). Irs forms 2009 form 1040 8829 (business in home), Deduction limit. Irs forms 2009 form 1040 8835 (renewable electricity, coal credit), Renewable electricity, refined coal, and Indian coal production credit (Form 8835). Irs forms 2009 form 1040 8846 (credit for social security on tip income), Credit for employer social security and Medicare taxes paid on certain employee tips (Form 8846). Irs forms 2009 form 1040 8857 (innocent spouse), Innocent spouse relief. Irs forms 2009 form 1040 8874 (new markets credit), New markets credit (Form 8874). Irs forms 2009 form 1040 8879 (self-selected PIN), Using an Authorized IRS e-file Provider 8881 (pension plan startup costs credit), Credit for small employer pension plan startup costs (Form 8881). Irs forms 2009 form 1040 8882 (employer-provided childcare credit), Credit for employer-provided childcare facilities and services (Form 8882). Irs forms 2009 form 1040 8886 (transaction statement), Reminders 8896 (low sulfur diesel fuel production credit), Low sulfur diesel fuel production credit (Form 8896). Irs forms 2009 form 1040 8906 (distilled spirits credit), Distilled spirits credit (Form 8906). Irs forms 2009 form 1040 8907 (nonconventional fuel credit), Nonconventional source fuel credit (Form 8907). Irs forms 2009 form 1040 8910 (alternative vehicle credit), Alternative motor vehicle credit (Form 8910). Irs forms 2009 form 1040 , Car and Truck Expenses 8911 (alternative fuel refueling property credit), Alternative fuel vehicle refueling property credit (Form 8911). Irs forms 2009 form 1040 8933 (carbon dioxide sequestration credit), Carbon dioxide sequestration credit (Form 8933). Irs forms 2009 form 1040 8936 (qualified plug-in electric drive motor vehicle), Qualified plug-in electric drive motor vehicle credit (Form 8936). Irs forms 2009 form 1040 8941 (small employer health insurance premiums), Credit for small employer health insurance premiums (Form 8941). Irs forms 2009 form 1040 982 (discharge of indebtedness), Exclusions Schedule C (sole proprietor), How Do I File? Schedule C-EZ (sole proprietor), How Do I File? Schedule SE (self-employment tax), Who must pay self-employment tax. Irs forms 2009 form 1040 SS-4 (application for EIN), Employer identification number (EIN). Irs forms 2009 form 1040 SS-5 (application for SSN), Social security number (SSN). Irs forms 2009 form 1040 W-2 (report wages), Form W-2. Irs forms 2009 form 1040 W-4 (employee withholding), Employee. Irs forms 2009 form 1040 W-7 (application for ITIN), Individual taxpayer identification number (ITIN). Irs forms 2009 form 1040 W-9 (request for TIN), Other payee. Irs forms 2009 form 1040 Fringe benefits, Fringe benefits. Irs forms 2009 form 1040 Fuel taxes, Fuel taxes. Irs forms 2009 form 1040 G Gains and losses, Gains and losses. Irs forms 2009 form 1040 General business credits, General Business Credits, Business Credits Gross profit Accuracy, Testing Gross Profit Accuracy Additions to, Additions to Gross Profit Guidelines for selected occupations, Guidelines for Selected Occupations (see also Occupations, selected) H Health insurance, deduction for self-employed, Self-employed health insurance deduction. Irs forms 2009 form 1040 Home, business use of, Business Use of Your Home Hotels, boarding houses, and apartments, Hotels, boarding houses, and apartments. Irs forms 2009 form 1040 Husband and wife business, Business owned and operated by spouses. Irs forms 2009 form 1040 I Identification numbers, Identification Numbers Income, Items That Are Not Income (see also Not income) Accounting for your, Accounting for Your Income Barter, Bartering for Property or Services Business, Business Income Damages, Damages. Irs forms 2009 form 1040 Gains and losses, Gains and losses. Irs forms 2009 form 1040 Kickbacks, Kickbacks. Irs forms 2009 form 1040 Kinds of income, Kinds of Income Lost income payments, Lost income payments. Irs forms 2009 form 1040 Other, Other Income Paid to a third party, Income paid to a third party. Irs forms 2009 form 1040 Personal property rent, Personal Property Rents Promissory notes, Promissory notes. Irs forms 2009 form 1040 Recapture of depreciation, Recapture of depreciation. Irs forms 2009 form 1040 Recovery of items previously deducted, Recovery of items previously deducted. Irs forms 2009 form 1040 Rental, Real Estate Rents, Personal Property Rents Restricted property, Restricted property. Irs forms 2009 form 1040 Income tax About, Income Tax Deduction for, Income taxes. Irs forms 2009 form 1040 How to pay, How Do I Pay Income Tax? Underpayment penalty, Penalty for underpayment of tax. Irs forms 2009 form 1040 Income tax return, who must file, Do I Have To File an Income Tax Return? Independent contractor, Independent contractor. Irs forms 2009 form 1040 , Employment Taxes, Sole proprietor or independent contractor. Irs forms 2009 form 1040 Individual taxpayer identification number (ITIN), Individual taxpayer identification number (ITIN). Irs forms 2009 form 1040 Information returns, Information Returns Information, How to get more, How To Get More Information Innocent spouse relief, Innocent spouse relief. Irs forms 2009 form 1040 Installment sales, Installment sales. Irs forms 2009 form 1040 Insurance Expense, Insurance Nondeductible premiums, Nondeductible premiums. Irs forms 2009 form 1040 Prepayment, Prepayment. Irs forms 2009 form 1040 Proceeds, Insurance proceeds. Irs forms 2009 form 1040 Self-employed health, Self-employed health insurance deduction. Irs forms 2009 form 1040 Insurance agent Former, Insurance agent, former. Irs forms 2009 form 1040 Retired, Insurance agent, retired. Irs forms 2009 form 1040 Interest Expenses, Interest Income, Interest and Dividend Income Inventories, Inventories Investment credit, Investment credit (Form 3468). Irs forms 2009 form 1040 K Kickbacks, Kickbacks. Irs forms 2009 form 1040 , Expenses You Cannot Deduct L Lease bonus, Lease bonus. Irs forms 2009 form 1040 Lease cancellation payments, Lease cancellation payments. Irs forms 2009 form 1040 Legal fees, Legal and Professional Fees Like-kind exchanges, Like-kind exchanges. Irs forms 2009 form 1040 , Exchange of like-kind property. Irs forms 2009 form 1040 Limited liability company, Limited liability company (LLC). Irs forms 2009 form 1040 Listed property, Listed property. Irs forms 2009 form 1040 Lobbying expense, Expenses You Cannot Deduct Local transportation expenses, Local transportation expenses. Irs forms 2009 form 1040 Lodging, Meals and lodging. Irs forms 2009 form 1040 Long-term capital gain or loss, Is My Capital Gain or Loss Short Term or Long Term? Lost income payments, Lost income payments. Irs forms 2009 form 1040 Low sulfur diesel fuel production credit, Low sulfur diesel fuel production credit (Form 8896). Irs forms 2009 form 1040 Low-income housing credit, Low-income housing credit (Form 8586). Irs forms 2009 form 1040 M Meals, Meals and lodging. Irs forms 2009 form 1040 (see Travel expenses) Methods for figuring net earnings, Methods for Figuring Net Earnings Mileage rate for vehicles, Standard mileage rate. Irs forms 2009 form 1040 Motor vehicle, alternative credit, Alternative motor vehicle credit (Form 8910). Irs forms 2009 form 1040 N Net operating losses, Net Operating Losses (NOLs) Net profit or loss, Introduction New markets credit, New markets credit (Form 8874). Irs forms 2009 form 1040 Newspaper carrier or distributor, Newspaper carrier or distributor. Irs forms 2009 form 1040 Newspaper or magazine vendor, Newspaper or magazine vendor. Irs forms 2009 form 1040 Nonbusiness bad debt, Nonbusiness bad debts. Irs forms 2009 form 1040 Nonconventional source fuel credit, Nonconventional source fuel credit (Form 8907). Irs forms 2009 form 1040 Nondeductible insurance premiums, Nondeductible premiums. Irs forms 2009 form 1040 Nonemployee compensation, Introduction Nontaxable exchanges, Nontaxable exchanges. Irs forms 2009 form 1040 Not income Appreciation, Appreciation. Irs forms 2009 form 1040 Consignments, Consignments. Irs forms 2009 form 1040 Constructions allowances, Construction allowances. Irs forms 2009 form 1040 Exchange of like-kind property, Exchange of like-kind property. Irs forms 2009 form 1040 Leasehold improvements, Leasehold improvements. Irs forms 2009 form 1040 Loans, Loans. Irs forms 2009 form 1040 Sales tax, Sales tax. Irs forms 2009 form 1040 Not-for-profit activities, Not-for-Profit Activities Notary public, Notary public. Irs forms 2009 form 1040 , Notary public. Irs forms 2009 form 1040 O Occupations, selected Administrator, Executor or administrator. Irs forms 2009 form 1040 Direct seller, Direct seller. Irs forms 2009 form 1040 , Real estate agent or direct seller. Irs forms 2009 form 1040 Executor, Executor or administrator. Irs forms 2009 form 1040 Fishing crew member, Fishing crew member. Irs forms 2009 form 1040 Insurance agent, former, Insurance agent, former. Irs forms 2009 form 1040 Insurance agent, retired, Insurance agent, retired. Irs forms 2009 form 1040 Newspaper carrier or distributor, Newspaper carrier or distributor. Irs forms 2009 form 1040 Newspaper or magazine vendor, Newspaper or magazine vendor. Irs forms 2009 form 1040 Notary public, Notary public. Irs forms 2009 form 1040 Public official, Public official. Irs forms 2009 form 1040 Real estate agent, Real estate agent or direct seller. Irs forms 2009 form 1040 Securities dealer, Securities dealer. Irs forms 2009 form 1040 Securities trader, Securities trader. Irs forms 2009 form 1040 Office in the home, Office in the home. Irs forms 2009 form 1040 (see also Business use of your home) Optional methods, using both, Using Both Optional Methods Ordinary gain or loss, Is My Gain or Loss Ordinary or Capital? Orphan drug credit, Orphan drug credit (Form 8820). Irs forms 2009 form 1040 P Parking fees, Parking fees and tolls. Irs forms 2009 form 1040 Partners, husband and wife, Business owned and operated by spouses. Irs forms 2009 form 1040 Pay, kinds of, Kinds of pay. Irs forms 2009 form 1040 Paying Business taxes, Filing and Paying Business Taxes Income tax, How Do I Pay Income Tax? Payments to third parties, Payments to third parties. Irs forms 2009 form 1040 Penalties and fines, Expenses You Cannot Deduct Penalty Failure to file Form 8300, Penalties. Irs forms 2009 form 1040 Failure to file information returns, Penalties. Irs forms 2009 form 1040 Failure to furnish correct payee statements, Penalties. Irs forms 2009 form 1040 Underpayment of tax, Penalty for underpayment of tax. Irs forms 2009 form 1040 Waiver of, Waiver of penalties. Irs forms 2009 form 1040 Pension plans, Pension Plans Personal property tax, Personal property tax. Irs forms 2009 form 1040 Prepaid expense Extends useful life, Prepayment. Irs forms 2009 form 1040 Rent, Rent paid in advance. Irs forms 2009 form 1040 Professional fees, Legal and Professional Fees Promissory notes, Promissory notes. Irs forms 2009 form 1040 Public official, Public official. Irs forms 2009 form 1040 Punitive damages, Punitive damages. Irs forms 2009 form 1040 Q Qualified plug-in electric drive motor vehicle credit, Qualified plug-in electric drive motor vehicle credit (Form 8936). Irs forms 2009 form 1040 Qualified real property business debt, Qualified real property business debt. Irs forms 2009 form 1040 R Real estate Agent, Real estate agent or direct seller. Irs forms 2009 form 1040 Dealer, Real estate dealer. Irs forms 2009 form 1040 Rent, Real Estate Rents Taxes, Real estate taxes. Irs forms 2009 form 1040 Recovery of items previously deducted, Recovery of items previously deducted. Irs forms 2009 form 1040 Refund Inquiries, Refund inquiries. Irs forms 2009 form 1040 Offsets against debts, Offset against debts. Irs forms 2009 form 1040 Related persons Unreasonable rent, Unreasonable rent. Irs forms 2009 form 1040 Renewable electricity, refined coal, and Indian coal production credit, Renewable electricity, refined coal, and Indian coal production credit (Form 8835). Irs forms 2009 form 1040 Rent expense, Rent Expense Rental income, Real Estate Rents Repayment of income, Repayment of income. Irs forms 2009 form 1040 Reportable transaction disclosure statement, Reminders Reporting self-employment tax, Reporting Self-Employment Tax Restricted property, Restricted property. Irs forms 2009 form 1040 Retirement plans (see Pension plans) S Salaries, Employees' Pay Sale of a business, Sale of a business. Irs forms 2009 form 1040 Sale of property, What Is a Disposition of Property? (see also Disposition of property) Sales of assets, Introduction Sales tax, Sales tax. Irs forms 2009 form 1040 Schedule C, How Do I File? Schedule C-EZ, How Do I File? Schedule SE (Form 1040), Who must pay self-employment tax. Irs forms 2009 form 1040 Schedule SE, filing requirement, Reporting Self-Employment Tax SE tax About, Self-Employment (SE) Tax Aliens, Aliens. Irs forms 2009 form 1040 Child employed by parent, Child employed by parent. Irs forms 2009 form 1040 Church employee, Church employee. Irs forms 2009 form 1040 Community property income, Community Property Income Deduction for, Self-employment tax. Irs forms 2009 form 1040 Earning credits, Earning credits in 2013 and 2014. Irs forms 2009 form 1040 Effects of using an optional method, Effects of using an optional method. Irs forms 2009 form 1040 Farm optional method, Farm Optional Method Fiscal year filer, Fiscal Year Filer Fishing crew member, Fishing crew member. Irs forms 2009 form 1040 Gain or loss, Gain or Loss Government employee, State or local government employee. Irs forms 2009 form 1040 , Foreign government or international organization employee. Irs forms 2009 form 1040 Joint return, Joint return. Irs forms 2009 form 1040 Lost income payments, Lost Income Payments Maximum earnings For 2011, What's New for 2013, Maximum earnings subject to SE tax. Irs forms 2009 form 1040 Subject to, Maximum earnings subject to self-employment tax. Irs forms 2009 form 1040 Methods for figuring net earnings, Methods for Figuring Net Earnings More than one business, More Than One Business, More than one business. Irs forms 2009 form 1040 Nonfarm optional method, Nonfarm Optional Method Notary public, Notary public. Irs forms 2009 form 1040 Optional methods Farm, Farm Optional Method Nonfarm, Nonfarm Optional Method Rate, SE tax rate. Irs forms 2009 form 1040 Regular method, Regular Method Residing abroad, U. Irs forms 2009 form 1040 S. Irs forms 2009 form 1040 citizen or resident alien residing abroad. Irs forms 2009 form 1040 Special rules and exceptions, Special Rules and Exceptions Tax rate, SE tax rate. Irs forms 2009 form 1040 Time limit for posting income, The Social Security Administration (SSA) time limit for posting self-employment income. Irs forms 2009 form 1040 Who must pay, Who Must Pay SE Tax? Why use an optional method, Why use an optional method? Section 179 Deduction, Section 179 deduction. Irs forms 2009 form 1040 Property, Section 179 property. Irs forms 2009 form 1040 Securities Dealer, Securities dealer. Irs forms 2009 form 1040 Trader, Securities trader. Irs forms 2009 form 1040 Self-employed health insurance deduction, Self-employed health insurance deduction. Irs forms 2009 form 1040 Self-employment tax (see SE tax) Settlement payments, Settlement payments. Irs forms 2009 form 1040 Short-term capital gain or loss, Is My Capital Gain or Loss Short Term or Long Term? Signature, electronic, Electronic signatures. Irs forms 2009 form 1040 Small Business Administration, Small Business Administration Small employer health insurance premiums credit, Credit for small employer health insurance premiums (Form 8941). Irs forms 2009 form 1040 Social security coverage, Social security coverage. Irs forms 2009 form 1040 Social security number (SSN), Social security number (SSN). Irs forms 2009 form 1040 Sole proprietor, Sole proprietor. Irs forms 2009 form 1040 , Sole proprietor or independent contractor. Irs forms 2009 form 1040 Sport utility vehicle, Section 179 deduction. Irs forms 2009 form 1040 Standard mileage rate, Standard mileage rate. Irs forms 2009 form 1040 For 2011, What's New for 2013 Statutory employee, Statutory employee. Irs forms 2009 form 1040 Suggestions for publication, Comments and suggestions. Irs forms 2009 form 1040 SUV, Section 179 deduction. Irs forms 2009 form 1040 T Tax home, Local transportation expenses. Irs forms 2009 form 1040 , Travel expenses. Irs forms 2009 form 1040 Tax preparation fees, Tax preparation fees. Irs forms 2009 form 1040 Tax refund Claim for, Refunds. Irs forms 2009 form 1040 Offset against debts, Offset against debts. Irs forms 2009 form 1040 Tax return How to file, How Do I File? Who must file, Do I Have To File an Income Tax Return? Tax year, Accounting Periods Calendar, Calendar tax year. Irs forms 2009 form 1040 Change in, Change in tax year. Irs forms 2009 form 1040 Fiscal, Fiscal tax year. Irs forms 2009 form 1040 Taxes Deduction for, Taxes Employment, Employment Taxes, Employment taxes. Irs forms 2009 form 1040 Excise, Excise Taxes, Excise taxes. Irs forms 2009 form 1040 Fuel, Fuel taxes. Irs forms 2009 form 1040 Income, Income Tax, Income taxes. Irs forms 2009 form 1040 Paid on certain employee tips, Credit for employer social security and Medicare taxes paid on certain employee tips (Form 8846). Irs forms 2009 form 1040 Personal property, Personal property tax. Irs forms 2009 form 1040 Real estate, Real estate taxes. Irs forms 2009 form 1040 Sales, Sales tax. Irs forms 2009 form 1040 Self-employment, Self-Employment (SE) Tax, Self-employment tax. Irs forms 2009 form 1040 Taxpayer rights, Declaration of Taxpayer Rights Third parties, Payments to, Payments to third parties. Irs forms 2009 form 1040 Tolls, Parking fees and tolls. Irs forms 2009 form 1040 Trade discount, Trade discounts. Irs forms 2009 form 1040 , Trade discounts. Irs forms 2009 form 1040 Trade or business, Trade or business. Irs forms 2009 form 1040 Trailer park owner, Trailer park owner. Irs forms 2009 form 1040 Transportation expenses, Local transportation expenses. Irs forms 2009 form 1040 Travel expenses, Travel expenses. Irs forms 2009 form 1040 U Underpayment of tax penalty, Penalty for underpayment of tax. Irs forms 2009 form 1040 Uniform capitalization rules, Uniform Capitalization Rules W Wages, Employees' Pay Work opportunity credit, Work opportunity credit (Form 5884). Irs forms 2009 form 1040 Prev  Up     Home   More Online Publications