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Irs Forms Instructions 1040ez

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Irs Forms Instructions 1040ez

Irs forms instructions 1040ez Publication 4492 - Main Contents Table of Contents DefinitionsHurricane Katrina Disaster Area Katrina Covered Disaster Area Gulf Opportunity (GO) Zone (Core Disaster Area) Hurricane Rita Disaster Area (Rita Covered Disaster Area) Rita GO Zone Hurricane Wilma Disaster Area Wilma Covered Disaster Area Wilma GO Zone Extended Tax Deadlines Charitable Giving IncentivesTemporary Suspension of Limits on Charitable Contributions Standard Mileage Rate for Charitable Use of Vehicles Mileage Reimbursements to Charitable Volunteers Charitable Deduction for Contributions of Food Inventory Charitable Deduction for Contributions of Book Inventories to Public Schools Casualty and Theft LossesTime limit for making election. Irs forms instructions 1040ez Replacement Period for Nonrecognition of Gain Net Operating Losses IRAs and Other Retirement PlansDefinitions Taxation of Qualified Hurricane Distributions Repayment of Qualified Hurricane Distributions Repayment of Qualified Distributions for the Purchase or Construction of a Main Home Loans From Qualified Plans Additional Tax Relief for IndividualsEarned Income Credit and Child Tax Credit Additional Exemption for Housing Individuals Displaced by Hurricane Katrina Education Credits Recapture of Federal Mortgage Subsidy Exclusion of Certain Cancellations of Indebtedness by Reason of Hurricane Katrina Tax Relief for Temporary Relocation Additional Tax Relief for BusinessesSpecial Depreciation Allowance Increased Section 179 Deduction Work Opportunity Credit Employee Retention Credit Hurricane Katrina Housing Credit Reforestation Costs Demolition and Clean-up Costs Increase in Rehabilitation Tax Credit Request for Copy or Transcript of Tax Return How To Get Tax Help Definitions The following definitions are used throughout this publication. Irs forms instructions 1040ez Hurricane Katrina Disaster Area The Hurricane Katrina disaster area covers the area for which the President declared a major disaster before September 14, 2005, because of Hurricane Katrina. Irs forms instructions 1040ez The Hurricane Katrina disaster area covers the entire states of Alabama, Florida, Louisiana, and Mississippi. Irs forms instructions 1040ez Katrina Covered Disaster Area A portion of the Hurricane Katrina disaster area has been designated by the IRS as a covered disaster area. Irs forms instructions 1040ez The Katrina covered disaster area covers the following areas in four states. Irs forms instructions 1040ez Alabama. Irs forms instructions 1040ez   The counties of Baldwin, Bibb, Choctaw, Clarke, Colbert, Cullman, Greene, Hale, Jefferson, Lamar, Lauderdale, Marengo, Marion, Mobile, Monroe, Perry, Pickens, Sumter, Tuscaloosa, Washington, Wilcox, and Winston. Irs forms instructions 1040ez Florida. Irs forms instructions 1040ez   The counties of Bay, Broward, Collier, Escambia, Franklin, Gulf, Miami-Dade, Monroe, Okaloosa, Santa Rosa, and Walton. Irs forms instructions 1040ez Louisiana. Irs forms instructions 1040ez   All parishes. Irs forms instructions 1040ez Mississippi. Irs forms instructions 1040ez   All counties. Irs forms instructions 1040ez Gulf Opportunity (GO) Zone (Core Disaster Area) The GO Zone (also called the core disaster area) covers the portion of the Hurricane Katrina disaster area determined by the Federal Emergency Management Agency (FEMA) to be eligible for either individual only or both individual and public assistance from the Federal Government. Irs forms instructions 1040ez The GO Zone covers the following areas in three states. Irs forms instructions 1040ez Alabama. Irs forms instructions 1040ez   The counties of Baldwin, Choctaw, Clarke, Greene, Hale, Marengo, Mobile, Pickens, Sumter, Tuscaloosa, and Washington. Irs forms instructions 1040ez Louisiana. Irs forms instructions 1040ez   The parishes of Acadia, Ascension, Assumption, Calcasieu, Cameron, East Baton Rouge, East Feliciana, Iberia, Iberville, Jefferson, Jefferson Davis, Lafayette, Lafourche, Livingston, Orleans, Plaquemines, Pointe Coupee, St. Irs forms instructions 1040ez Bernard, St. Irs forms instructions 1040ez Charles, St. Irs forms instructions 1040ez Helena, St. Irs forms instructions 1040ez James, St. Irs forms instructions 1040ez John the Baptist, St. Irs forms instructions 1040ez Martin, St. Irs forms instructions 1040ez Mary, St. Irs forms instructions 1040ez Tammany, Tangipahoa, Terrebonne, Vermilion, Washington, West Baton Rouge, and West Feliciana. Irs forms instructions 1040ez Mississippi. Irs forms instructions 1040ez   The counties of Adams, Amite, Attala, Choctaw, Claiborne, Clarke, Copiah, Covington, Forrest, Franklin, George, Greene, Hancock, Harrison, Hinds, Holmes, Humphreys, Jackson, Jasper, Jefferson, Jefferson Davis, Jones, Kemper, Lamar, Lauderdale, Lawrence, Leake, Lincoln, Lowndes, Madison, Marion, Neshoba, Newton, Noxubee, Oktibbeha, Pearl River, Perry, Pike, Rankin, Scott, Simpson, Smith, Stone, Walthall, Warren, Wayne, Wilkinson, Winston, and Yazoo. Irs forms instructions 1040ez Hurricane Rita Disaster Area (Rita Covered Disaster Area) The Hurricane Rita disaster area (also designated by the IRS as the Rita covered disaster area) covers the area for which the President declared a major disaster before October 6, 2005, because of Hurricane Rita. Irs forms instructions 1040ez This area covers the entire states of Louisiana and Texas. Irs forms instructions 1040ez Rita GO Zone The Rita GO Zone covers the portion of the Hurricane Rita disaster area determined by FEMA to be eligible for either individual only or both individual and public assistance from the Federal Government. Irs forms instructions 1040ez The Rita GO Zone covers the following areas in two states. Irs forms instructions 1040ez Louisiana. Irs forms instructions 1040ez   The parishes of Acadia, Allen, Ascension, Beauregard, Calcasieu, Cameron, Evangeline, Iberia, Jefferson, Jefferson Davis, Lafayette, Lafourche, Livingston, Plaquemines, Sabine, St. Irs forms instructions 1040ez Landry, St. Irs forms instructions 1040ez Martin, St. Irs forms instructions 1040ez Mary, St. Irs forms instructions 1040ez Tammany, Terrebonne, Vermilion, Vernon, and West Baton Rouge. Irs forms instructions 1040ez Texas. Irs forms instructions 1040ez   The counties of Angelina, Brazoria, Chambers, Fort Bend, Galveston, Hardin, Harris, Jasper, Jefferson, Liberty, Montgomery, Nacogdoches, Newton, Orange, Polk, Sabine, San Augustine, San Jacinto, Shelby, Trinity, Tyler, and Walker. Irs forms instructions 1040ez Hurricane Wilma Disaster Area The Hurricane Wilma disaster area covers the area for which the President declared a major disaster before November 14, 2005, because of Hurricane Wilma. Irs forms instructions 1040ez The Hurricane Wilma disaster area covers the entire state of Florida. Irs forms instructions 1040ez Wilma Covered Disaster Area A portion of the Hurricane Wilma disaster area has been designated by the IRS as a covered disaster area. Irs forms instructions 1040ez The Wilma covered disaster area covers the following counties. Irs forms instructions 1040ez Florida. Irs forms instructions 1040ez   Brevard, Broward, Charlotte, Collier, DeSoto, Glades, Hardee, Hendry, Highlands, Indian River, Lee, Martin, Miami-Dade, Monroe, Okeechobee, Osceola, Palm Beach, Polk, St. Irs forms instructions 1040ez Lucie, and Sarasota. Irs forms instructions 1040ez Wilma GO Zone The Wilma GO Zone covers the portion of the Hurricane Wilma disaster area determined by FEMA to be eligible for either individual only or both individual and public assistance from the Federal Government. Irs forms instructions 1040ez The Wilma GO Zone covers the following counties. Irs forms instructions 1040ez Florida. Irs forms instructions 1040ez   Brevard, Broward, Collier, Glades, Hendry, Indian River, Lee, Martin, Miami-Dade, Monroe, Okeechobee, Palm Beach, and St. Irs forms instructions 1040ez Lucie. Irs forms instructions 1040ez Extended Tax Deadlines The IRS has extended deadlines that apply to filing returns, paying taxes, and performing certain other time-sensitive acts for certain taxpayers affected by Hurricane Katrina, Rita, or Wilma, until February 28, 2006. Irs forms instructions 1040ez The extension applies to deadlines (either an original or extended due date) that occur during the following periods. Irs forms instructions 1040ez After August 28, 2005 (August 23, 2005, for Florida affected taxpayers), and before February 28, 2006, for taxpayers affected by Hurricane Katrina. Irs forms instructions 1040ez After September 22, 2005, and before February 28, 2006, for taxpayers affected by Hurricane Rita. Irs forms instructions 1040ez After October 22, 2005, and before February 28, 2006, for taxpayers affected by Hurricane Wilma. Irs forms instructions 1040ez Affected taxpayer. Irs forms instructions 1040ez   The following taxpayers are eligible for the extension. Irs forms instructions 1040ez Any individual whose main home is located in a covered disaster area. Irs forms instructions 1040ez Any business entity or sole proprietor whose principal place of business is located in a covered disaster area. Irs forms instructions 1040ez Any individual, business entity, or sole proprietor whose records needed to meet a postponed deadline are maintained or whose tax professional's office is in a covered disaster area. Irs forms instructions 1040ez The main home or principal place of business does not have to be located in the covered area. Irs forms instructions 1040ez Any individual visiting a county or parish in the Hurricane Katrina or Hurricane Rita covered disaster area that was injured or killed (and the estate of an individual killed) as a result of the hurricane or its aftermath. Irs forms instructions 1040ez Any estate or trust whose tax records needed to meet a filing or payment deadline are maintained in a covered disaster area. Irs forms instructions 1040ez Generally, any individual who is a worker assisting in the relief activities in a covered disaster area. Irs forms instructions 1040ez However, a relief worker assisting in the Wilma covered disaster area is not an affected taxpayer unless the worker is affiliated with a recognized government or philanthropic organization assisting in the relief activities. Irs forms instructions 1040ez The spouse of an affected taxpayer, solely with regard to a joint income tax return with that taxpayer. Irs forms instructions 1040ez   To ensure correct processing, affected taxpayers should write the assigned disaster designation (for example, “Hurricane Katrina”) in red ink at the top of any forms or documents filed with the IRS. Irs forms instructions 1040ez Affected taxpayers can also identify themselves to the IRS or ask hurricane-related questions by calling the special IRS disaster hotline at 1-866-562-5227. Irs forms instructions 1040ez Acts extended. Irs forms instructions 1040ez   Deadlines for performing the following acts are extended. Irs forms instructions 1040ez Filing any return of income, estate, gift, generation-skipping transfer, excise, or employment tax. Irs forms instructions 1040ez Paying any income, estate, gift, generation-skipping transfer, excise, or employment tax. Irs forms instructions 1040ez This includes making estimated tax payments. Irs forms instructions 1040ez Making certain contributions, distributions, recharacterizing contributions, or making a rollover to or from a qualified retirement plan. Irs forms instructions 1040ez Filing certain petitions with the Tax Court. Irs forms instructions 1040ez Filing a claim for credit or refund of any tax. Irs forms instructions 1040ez Bringing suit upon a claim for credit or refund. Irs forms instructions 1040ez Certain other acts described in Revenue Procedure 2005-27. Irs forms instructions 1040ez You can find Revenue Procedure 2005-27 on page 1050 of Internal Revenue Bulletin 2005-20 at www. Irs forms instructions 1040ez irs. Irs forms instructions 1040ez gov/pub/irs-irbs/irb05-20. Irs forms instructions 1040ez pdf. Irs forms instructions 1040ez Forgiveness of interest and penalties. Irs forms instructions 1040ez   The IRS may forgive the interest and penalties on any underpaid income, estate, gift, employment, or excise tax for the length of any extension. Irs forms instructions 1040ez Charitable Giving Incentives Temporary Suspension of Limits on Charitable Contributions Individuals. Irs forms instructions 1040ez   Qualified contributions are not subject to the overall limit on itemized deductions or the 50% adjusted gross income (AGI) limit. Irs forms instructions 1040ez A qualified contribution is a charitable contribution paid in cash or by check after August 27, 2005, and before January 1, 2006, to a 50% limit organization (other than certain private foundations described in section 509(a)(3)) if you make an election to have the 50% limit not apply to these contributions. Irs forms instructions 1040ez   Your deduction for qualified contributions is limited to your AGI minus your deduction for all other charitable contributions. Irs forms instructions 1040ez You can carry over any contributions you are not able to deduct for 2005 because of this limit. Irs forms instructions 1040ez In 2006, treat the carryover of your unused qualified contributions as a carryover of contributions subject to the 50% limit. Irs forms instructions 1040ez Exception. Irs forms instructions 1040ez   Qualified contributions do not include a contribution to a segregated fund or account for which you (or any person you appoint or designate) have or expect to have advisory privileges with respect to distributions or investments based on your contribution. Irs forms instructions 1040ez Corporations. Irs forms instructions 1040ez   A corporation may elect to deduct qualified cash contributions without regard to the 10% taxable income limit if the contributions were made after August 27, 2005, and before January 1, 2006, to a qualified charitable organization (other than certain private foundations described in section 509(a)(3)), for Hurricane Katrina, Rita, or Wilma relief efforts. Irs forms instructions 1040ez The corporation's deduction for these qualified contributions is limited to 100% of taxable income (as modified for the 10% limit) minus the corporation's deduction for all other charitable contributions. Irs forms instructions 1040ez Any qualified contributions over this limit can be carried over to the next 5 years, subject to the 10% limit. Irs forms instructions 1040ez Partners and shareholders. Irs forms instructions 1040ez   Each partner in a partnership and each shareholder in an S corporation makes a separate election to have the appropriate limit not apply. Irs forms instructions 1040ez More information. Irs forms instructions 1040ez   For more information, see Publication 526 or Publication 542, Corporations. Irs forms instructions 1040ez Publication 526 includes a worksheet you can use to figure your deduction if any limits apply to your charitable contributions. Irs forms instructions 1040ez Standard Mileage Rate for Charitable Use of Vehicles The following are special standard mileage rates in effect in 2005 and 2006 for the cost of operating your automobile for providing charitable services solely related to Hurricane Katrina. Irs forms instructions 1040ez 29 cents per mile for the period August 25 through August 31, 2005. Irs forms instructions 1040ez 34 cents per mile for the period September 1 through December 31, 2005. Irs forms instructions 1040ez 32 cents per mile for the period January 1 through December 31, 2006. Irs forms instructions 1040ez Mileage Reimbursements to Charitable Volunteers You can exclude from income amounts you receive as mileage reimbursements for the use of a private passenger automobile for the benefit of a qualified charitable organization in providing relief related to Hurricane Katrina during the period beginning on August 25, 2005, and ending on December 31, 2006. Irs forms instructions 1040ez You cannot claim a deduction or credit for amounts you receive as a mileage reimbursement. Irs forms instructions 1040ez You must keep records of miles driven, time, place (or use), and purpose of the mileage. Irs forms instructions 1040ez The amount you can exclude from income cannot exceed the standard business mileage rate (shown below) for expenses incurred during the following periods. Irs forms instructions 1040ez 40. Irs forms instructions 1040ez 5 cents per mile for the period August 25 through August 31, 2005. Irs forms instructions 1040ez 48. Irs forms instructions 1040ez 5 cents per mile for the period September 1 through December 31, 2005. Irs forms instructions 1040ez 44. Irs forms instructions 1040ez 5 cents per mile for the period January 1 through December 31, 2006. Irs forms instructions 1040ez Charitable Deduction for Contributions of Food Inventory Any taxpayer engaged in a trade or business is eligible to claim a deduction for a contribution of “apparently wholesome food” inventory to a qualified charitable organization described in section 501(c)(3) (except for private nonoperating foundations) after August 27, 2005, and before January 1, 2006. Irs forms instructions 1040ez “Apparently wholesome food” is food that meets all quality and labeling standards imposed by federal, state, and local laws and regulations even though the food may not be readily marketable due to appearance, age, freshness, grade, size, surplus, or other conditions. Irs forms instructions 1040ez The deduction is equal to the lesser of: The basis of the donated food plus one-half of the gain that would have been realized if the donated food had been sold at fair market value on the date of the donation, or Two times the basis of the donated food. Irs forms instructions 1040ez The taxpayer must receive written certification from the donee stating: The donated food is related to the purpose or function of the donee's basis for exemption under section 501(c)(3) and is to be used solely for the care of the ill, the needy, or infants; and The food was not given in exchange for money, other property, or services. Irs forms instructions 1040ez For a taxpayer other than a C corporation, the deduction is limited to 10% of the taxpayer's total net income from all trades or businesses from which the food contributions were made (figured without regard to the deduction for charitable contributions). Irs forms instructions 1040ez For example, if a taxpayer is a sole proprietor, a shareholder in an S corporation, and a partner in a partnership, and each made a contribution of apparently wholesome food inventory, the taxpayer's deduction is limited to 10% of the taxpayer's total net income from the sole proprietorship, S corporation, and partnership (figured without regard to the deduction for charitable contributions). Irs forms instructions 1040ez Charitable Deduction for Contributions of Book Inventories to Public Schools A corporation (other than an S corporation) may be allowed a charitable deduction for a qualified book contribution made after August 27, 2005, and before January 1, 2006, to a public school that: Provides elementary or secondary education (kindergarten through grade 12), and Normally maintains a regular faculty and curriculum and has a regular enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on. Irs forms instructions 1040ez . Irs forms instructions 1040ez The deduction is equal to the lesser of: The basis of the donated books plus one-half of the gain that would have been realized if the donated books had been sold at fair market value on the date of the donation, or Two times the basis of the donated books. Irs forms instructions 1040ez The corporation must receive written certification from the school stating that the donated books are suitable for the organization's educational programs and will be used for such programs. Irs forms instructions 1040ez Casualty and Theft Losses The following paragraphs explain changes to casualty and theft losses that were caused by Hurricane Katrina, Rita, or Wilma. Irs forms instructions 1040ez For more information, see Publication 547. Irs forms instructions 1040ez Limits on personal casualty or theft losses caused by Hurricane Katrina, Rita, or Wilma. Irs forms instructions 1040ez   The following losses to personal use property are not subject to the $100 or 10% of adjusted gross income limits. Irs forms instructions 1040ez Losses that arose in the Hurricane Katrina disaster area after August 24, 2005, and that were caused by Hurricane Katrina. Irs forms instructions 1040ez Losses that arose in the Hurricane Rita disaster area after September 22, 2005, and that were caused by Hurricane Rita. Irs forms instructions 1040ez Losses that arose in the Hurricane Wilma disaster area after October 22, 2005, and that were caused by Hurricane Wilma. Irs forms instructions 1040ez Qualifying losses include losses from flooding or other casualty, and from theft, that arose in the hurricane disaster area and that were caused by the hurricane. Irs forms instructions 1040ez Special instructions for individuals who elect to claim a Hurricane Katrina, Rita, or Wilma casualty or theft loss for 2004. Irs forms instructions 1040ez   Casualty and theft losses are generally deductible only in the year the casualty occurred or theft was discovered. Irs forms instructions 1040ez However, Hurricane Katrina, Rita, and Wilma are Presidentially declared disasters. Irs forms instructions 1040ez Therefore, you can elect to deduct losses from these hurricanes on your tax return for the previous year. Irs forms instructions 1040ez If you make this election, use the following additional instructions to complete your forms. Irs forms instructions 1040ez   Individuals filing or amending their 2004 tax return whose only casualty or theft losses to personal use property claimed on that return were caused by Hurricane Katrina, Rita, or Wilma should write “Hurricane Katrina,” “Hurricane Rita,” or “Hurricane Wilma” at the top of Form 1040 or 1040X. Irs forms instructions 1040ez They must also complete and attach the 2004 Form 4684 and write “Hurricane Katrina,”“Hurricane Rita,” or “Hurricane Wilma” on the dotted line next to line 11 and enter -0- on lines 11 and 17. Irs forms instructions 1040ez   Individuals filing or amending their 2004 tax return who also have casualty or theft losses to personal use property not related to Hurricane Katrina, Rita, or Wilma should disregard the caution directing taxpayers to use only one Form 4684, located above line 13, and complete lines 13 through 18 on two Forms 4684. Irs forms instructions 1040ez The Form 1040 or 1040X and the first Form 4684 should be prepared as explained above for Hurricane Katrina, Rita, or Wilma losses only. Irs forms instructions 1040ez The second Form 4684 should be prepared in the normal manner for all gains and non-Hurricane Katrina, Rita or Wilma losses. Irs forms instructions 1040ez If both Forms 4684 have a loss on line 18, they should carry the combined losses from that line to Schedule A (Form 1040), line 19. Irs forms instructions 1040ez If there is a gain on line 15 of the second Form 4684, disregard the instruction to enter it on Schedule D (Form 1040), and instead enter on Schedule A (Form 1040), line 19, the excess of the loss from the first Form 4684 over the gain on line 15 of the second Form 4684. Irs forms instructions 1040ez , Time limit for making election. Irs forms instructions 1040ez   You must make this election to claim your casualty or theft loss in 2004 by the later of the following dates. Irs forms instructions 1040ez The due date (without extensions) for filing your 2005 income tax return. Irs forms instructions 1040ez The due date (with extensions) for filing your 2004 income tax return. Irs forms instructions 1040ez Example. Irs forms instructions 1040ez If you are a calendar year individual taxpayer, you have until April 17, 2006, to amend your 2004 tax return to claim a casualty or theft loss that occurred during 2005. Irs forms instructions 1040ez Replacement Period for Nonrecognition of Gain Generally, an involuntary conversion occurs when property is damaged, destroyed, stolen, seized, requisitioned, or condemned, and you receive other property or money in payment, such as insurance or a condemnation award. Irs forms instructions 1040ez Generally, you do not have to report a gain (if any) if you replace the property within 2 years (4 years for a main home in a Presidentially declared disaster area). Irs forms instructions 1040ez However, for property that was involuntarily converted after August 24, 2005, as a result of Hurricane Katrina, a 5-year replacement period applies if substantially all of the use of the replacement property is in the Hurricane Katrina disaster area. Irs forms instructions 1040ez For more information, see the Instructions for Form 4684. Irs forms instructions 1040ez Net Operating Losses Qualified GO Zone loss. Irs forms instructions 1040ez   Generally, you can carry a net operating loss (NOL) back to the 2 tax years before the NOL year. Irs forms instructions 1040ez However, the portion of an NOL that is a qualified GO Zone loss can be carried back to the 5 tax years before the NOL year. Irs forms instructions 1040ez In addition, the 90% limit on the alternative tax NOL deduction (ATNOLD) does not apply to such portion of the ATNOLD. Irs forms instructions 1040ez   A qualified GO Zone loss is the smaller of: The excess of the NOL for the year over the specified liability loss for the year to which a 10-year carryback applies, or The total of the following deductions (to the extent they are taken into account in computing the NOL for the tax year): Qualified GO Zone casualty loss (as defined below), Moving expenses paid or incurred after August 27, 2005, and before January 1, 2008, for the employment of an individual whose main home was in the GO Zone before August 28, 2005, who was unable to remain in that home because of Hurricane Katrina, and whose main job location (after the move) is in the GO Zone, Temporary housing expenses paid or incurred after August 27, 2005, and before January 1, 2008, to house employees of the taxpayer whose main job location is in the GO Zone, Depreciation or amortization allowable for any qualified GO Zone property (even if you elected not to claim the special GO Zone depreciation allowance for such property) for the year placed in service, and Repair expenses (including expenses for the removal of debris) paid or incurred after August 27, 2005, and before January 1, 2008, for any damage from Hurricane Katrina to property located in the GO Zone. Irs forms instructions 1040ez Qualified GO Zone casualty loss. Irs forms instructions 1040ez   A qualified GO Zone casualty loss is any deductible section 1231 loss of property located in the GO Zone if the loss was caused by Hurricane Katrina. Irs forms instructions 1040ez For this purpose, the amount of the loss is reduced by any recognized gain from an involuntary conversion caused by Hurricane Katrina of property located in the GO Zone. Irs forms instructions 1040ez Any such loss taken into account in figuring your qualified GO Zone loss is not eligible for the election to be treated as having occurred in the previous tax year. Irs forms instructions 1040ez 5-year NOL carryback of certain timber losses. Irs forms instructions 1040ez   Generally, you can carry the portion of an NOL due to income and deductions attributable to a farming business back to the 5 tax years before the NOL year. Irs forms instructions 1040ez You can treat income and deductions attributable to qualified timber property as attributable to a farming business if any portion of the property is located in the GO Zone, Rita GO Zone, or Wilma GO Zone, and the income and deductions are allocable to the part of your tax year which is after the applicable date below. Irs forms instructions 1040ez August 27, 2005, if any portion of the property is located in the GO Zone. Irs forms instructions 1040ez September 22, 2005, if any portion of the property is located in the Rita GO Zone (but not in the GO Zone). Irs forms instructions 1040ez October 22, 2005, if any portion of the property is located in the Wilma GO Zone (but not in the GO Zone or the RITA GO Zone). Irs forms instructions 1040ez   These rules will not apply after 2006. Irs forms instructions 1040ez   However, these rules apply only to a timber producer who: Held qualified timber property (defined in Publication 535, Business Expenses) on the applicable date below: August 28, 2005, if any portion of the property is located in the GO Zone, September 23, 2005, if any portion of the property is located in the Rita GO Zone (but not in the GO Zone), or October 23, 2005, if any portion of the property is located in the Wilma GO Zone (but not in the GO Zone or the Rita GO Zone); Is not a corporation with stock publicly traded on an established securities market; Is not a real estate investment trust; and Did not hold more than 500 acres of qualified timber property on the applicable date above. Irs forms instructions 1040ez More information. Irs forms instructions 1040ez   For more information on NOLs, see Publication 536 or Publication 542, Corporations. Irs forms instructions 1040ez IRAs and Other Retirement Plans New rules provide for tax-favored withdrawals, repayments, and loans from certain retirement plans for taxpayers who suffered economic losses as a result of Hurricane Katrina, Rita, or Wilma. Irs forms instructions 1040ez Definitions Qualified hurricane distribution. Irs forms instructions 1040ez   A qualified hurricane distribution is any distribution you received from an eligible retirement plan if all of the following apply. Irs forms instructions 1040ez The distribution was made: After August 24, 2005, and before January 1, 2007, for Hurricane Katrina; After September 22, 2005, and before January 1, 2007, for Hurricane Rita; or After October 22, 2005, and before January 1, 2007, for Hurricane Wilma. Irs forms instructions 1040ez Your main home was located in a hurricane disaster area listed below on the date shown for that area. Irs forms instructions 1040ez August 28, 2005, for the Hurricane Katrina disaster area. Irs forms instructions 1040ez September 23, 2005, for the Hurricane Rita disaster area. Irs forms instructions 1040ez October 23, 2005, for the Hurricane Wilma disaster area. Irs forms instructions 1040ez You sustained an economic loss because of Hurricane Katrina, Rita, or Wilma and your main home was in that hurricane disaster area on the date shown in (2) above for that hurricane. Irs forms instructions 1040ez Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. Irs forms instructions 1040ez   If (1) through (3) above apply, you can generally designate any distribution (including periodic payments and required minimum distributions) from an eligible retirement plan as a qualified hurricane distribution, regardless of whether the distribution was made on account of Hurricane Katrina, Rita, or Wilma. Irs forms instructions 1040ez Qualified hurricane distributions are permitted without regard to your need or the actual amount of your economic loss. Irs forms instructions 1040ez   The total of your qualified hurricane distributions from all plans is limited to $100,000. Irs forms instructions 1040ez If you have distributions in excess of $100,000 from more than one type of plan, such as a 401(k) plan and an IRA, you may allocate the $100,000 limit among the plans any way you choose. Irs forms instructions 1040ez   A reduction or offset (after August 24, 2005, for Katrina; after September 22, 2005, for Rita; or after October 22, 2005, for Wilma) of your account balance in an eligible retirement plan in order to repay a loan can also be designated as a qualified hurricane distribution. Irs forms instructions 1040ez Eligible retirement plan. Irs forms instructions 1040ez   An eligible retirement plan can be any of the following. Irs forms instructions 1040ez A qualified pension, profit-sharing, or stock bonus plan (including a 401(k) plan). Irs forms instructions 1040ez A qualified annuity plan. Irs forms instructions 1040ez A tax-sheltered annuity contract. Irs forms instructions 1040ez A governmental section 457 deferred compensation plan. Irs forms instructions 1040ez A traditional, SEP, SIMPLE, or Roth IRA. Irs forms instructions 1040ez Main home. Irs forms instructions 1040ez   Generally, your main home is the home where you live most of the time. Irs forms instructions 1040ez A temporary absence due to special circumstances, such as illness, education, business, military service, evacuation, or vacation, will not change your main home. Irs forms instructions 1040ez Taxation of Qualified Hurricane Distributions Qualified hurricane distributions are included in income in equal amounts over three years. Irs forms instructions 1040ez However, if you elect, you can include the entire distribution in your income in the year it was received. Irs forms instructions 1040ez Qualified hurricane distributions are not subject to the additional 10% tax (or the additional 25% tax for certain distributions from SIMPLE IRAs) on early distributions from qualified retirement plans (including IRAs). Irs forms instructions 1040ez However, any distributions you receive in excess of the $100,000 qualified hurricane distribution limit may be subject to the additional tax on early distributions. Irs forms instructions 1040ez For more information, see Form 8915. Irs forms instructions 1040ez Repayment of Qualified Hurricane Distributions If you choose, you generally can repay any portion of a qualified hurricane distribution that is eligible for tax-free rollover treatment to an eligible retirement plan. Irs forms instructions 1040ez Also, you can repay a qualified hurricane distribution made on account of a hardship from a retirement plan. Irs forms instructions 1040ez However, see Exceptions below for qualified hurricane distributions you cannot repay. Irs forms instructions 1040ez You have three years from the day after the date you received the distribution to make a repayment. Irs forms instructions 1040ez Amounts that are repaid are treated as a qualified rollover and are not included in income. Irs forms instructions 1040ez Also, for purposes of the one-rollover-per-year limitation for IRAs, a repayment to an IRA is not considered a qualified rollover. Irs forms instructions 1040ez See Form 8915 for more information on how to report repayments. Irs forms instructions 1040ez Exceptions. Irs forms instructions 1040ez   You cannot repay the following types of distributions. Irs forms instructions 1040ez Qualified hurricane distributions received as a beneficiary (other than a surviving spouse). Irs forms instructions 1040ez Required minimum distributions. Irs forms instructions 1040ez Periodic payments (other than from an IRA) that are for: A period of 10 years or more, Your life or life expectancy, or The joint lives or joint life expectancies of you and your beneficiary. Irs forms instructions 1040ez Repayment of Qualified Distributions for the Purchase or Construction of a Main Home If you received a qualified distribution to purchase or construct a main home in the Hurricane Katrina, Rita, or Wilma disaster area, you can repay that distribution before March 1, 2006, to an eligible retirement plan after August 24, 2005 (Katrina); after September 22, 2005 (Rita); or after October 22, 2005 (Wilma). Irs forms instructions 1040ez For this purpose, an eligible retirement plan is any plan, annuity, or IRA to which a qualified rollover can be made. Irs forms instructions 1040ez To be a qualified distribution, the distribution must meet all of the following requirements. Irs forms instructions 1040ez The distribution is a hardship distribution from a 401(k) plan, a hardship distribution from a tax-sheltered annuity contract, or a qualified first-time homebuyer distribution from an IRA. Irs forms instructions 1040ez The distribution was received in 2005 after February 28 and before: August 29 for Hurricane Katrina; September 24 for Hurricane Rita; or October 24 for Hurricane Wilma. Irs forms instructions 1040ez The distribution was to be used to purchase or construct a main home in the Hurricane Katrina, Rita, or Wilma disaster area that was not purchased or constructed because of Hurricane Katrina, Rita, or Wilma. Irs forms instructions 1040ez Amounts that are repaid before March 1, 2006, are treated as a qualified rollover and are not included in income. Irs forms instructions 1040ez Also, for purposes of the one-rollover-per-year limitation for IRAs, a repayment to an IRA is not considered a qualified rollover. Irs forms instructions 1040ez A qualified distribution not repaid before March 1, 2006, may be taxable for 2005 and subject to the additional 10% tax (or the additional 25% tax for certain SIMPLE IRAs) on early distributions. Irs forms instructions 1040ez You must file Form 8915 if you received a qualified distribution that you repaid, in whole or in part, before March 1, 2006. Irs forms instructions 1040ez Loans From Qualified Plans The following benefits are available to qualified individuals. Irs forms instructions 1040ez Increases to the limits for distributions treated as loans from employer plans. Irs forms instructions 1040ez A 1-year suspension for payments due on plan loans. Irs forms instructions 1040ez Qualified individual. Irs forms instructions 1040ez   You are a qualified individual if any of the following apply. Irs forms instructions 1040ez Your main home on August 28, 2005, was located in the Hurricane Katrina disaster area and you had an economic loss because of Hurricane Katrina. Irs forms instructions 1040ez Your main home on September 23, 2005, was located in the Hurricane Rita disaster area and you had an economic loss because of Hurricane Rita. Irs forms instructions 1040ez Your main home on October 23, 2005, was located in the Hurricane Wilma disaster area and you had an economic loss because of Hurricane Wilma. Irs forms instructions 1040ez Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. Irs forms instructions 1040ez Limits on plan loans. Irs forms instructions 1040ez   The $50,000 limit for distributions treated as plan loans is increased to $100,000. Irs forms instructions 1040ez In addition, the limit based on 50% of your vested accrued benefit is increased to 100% of that benefit. Irs forms instructions 1040ez The higher limits apply only to loans received during the following period. Irs forms instructions 1040ez If your main home was located in the Hurricane Katrina disaster area, the period began on September 24, 2005, and ends on December 31, 2006. Irs forms instructions 1040ez If your main home was located in the Hurricane Rita or Wilma disaster area, the period began on December 21, 2005, and ends on December 31, 2006. Irs forms instructions 1040ez If you are a qualified individual based on Hurricane Katrina and another hurricane, use the period based on Hurricane Katrina. Irs forms instructions 1040ez One-year suspension of loan payments. Irs forms instructions 1040ez   Payments on plan loans due before 2007 may be suspended for 1 year by the plan administrator. Irs forms instructions 1040ez To qualify for the suspension, the due date for any loan payment must occur during the period beginning on: August 28, 2005, if your main home was located in the Hurricane Katrina disaster area. Irs forms instructions 1040ez September 23, 2005, if your main home was located in the Hurricane Rita disaster area. Irs forms instructions 1040ez October 23, 2005, if your main home was located in the Hurricane Wilma disaster area. Irs forms instructions 1040ez If you are a qualified individual based on more than one hurricane, use the period with the earliest beginning date. Irs forms instructions 1040ez Additional Tax Relief for Individuals Earned Income Credit and Child Tax Credit You can elect to use your 2004 earned income to figure your earned income credit (EIC) and additional child tax credit for 2005 if: Your 2005 earned income is less than your 2004 earned income, and At least one of the following statements is true. Irs forms instructions 1040ez Your main home on August 25, 2005, was in the Gulf Opportunity (GO) Zone. Irs forms instructions 1040ez Your main home on August 25, 2005, was in the Hurricane Katrina disaster area and you were displaced from that home because of Hurricane Katrina. Irs forms instructions 1040ez Your main home on September 23, 2005, was in the Rita GO Zone. Irs forms instructions 1040ez Your main home on September 23, 2005, was in the Hurricane Rita disaster area and you were displaced from that home because of Hurricane Rita. Irs forms instructions 1040ez Your main home on October 23, 2005, was in the Wilma GO Zone. Irs forms instructions 1040ez Your main home on October 23, 2005, was in the Hurricane Wilma disaster area and you were displaced from that home because of Hurricane Wilma. Irs forms instructions 1040ez Earned income. Irs forms instructions 1040ez    For the purpose of this election, your earned income for both the EIC and the additional child tax credit is the amount of earned income used to figure your EIC, even if you did not take the EIC and even if that amount is different than your earned income for the additional child tax credit. Irs forms instructions 1040ez If you are claiming only the additional child tax credit, you must figure the amount of your earned income for EIC purposes to determine your eligibility to make the election and the amount of the credit. Irs forms instructions 1040ez Joint returns. Irs forms instructions 1040ez   If you file a joint return, you qualify to make this election even if only one spouse meets the requirements. Irs forms instructions 1040ez If you make the election, your 2004 earned income is the sum of your 2004 earned income and your spouse's 2004 earned income. Irs forms instructions 1040ez Making the election. Irs forms instructions 1040ez   If you make the election to use your 2004 earned income, the election applies for figuring both the EIC and the additional child tax credit. Irs forms instructions 1040ez However, you can make the election for the additional child tax credit even if you do not take the EIC. Irs forms instructions 1040ez   Electing to use your 2004 earned income may increase or decrease your EIC. Irs forms instructions 1040ez Take the following steps to decide whether to make the election. Irs forms instructions 1040ez Figure your 2005 EIC using your 2004 earned income. Irs forms instructions 1040ez Figure your 2005 additional child tax credit using your 2004 earned income for EIC purposes. Irs forms instructions 1040ez Add the results of (1) and (2). Irs forms instructions 1040ez Figure your 2005 EIC using your 2005 earned income. Irs forms instructions 1040ez Figure your 2005 additional child tax credit using your 2005 earned income for additional child tax credit purposes. Irs forms instructions 1040ez Add the results of (4) and (5). Irs forms instructions 1040ez Compare the results of (3) and (6). Irs forms instructions 1040ez If (3) is larger than (6), it is to your benefit to make the election. Irs forms instructions 1040ez If (3) is equal to or smaller than (6), making the election will not help you. Irs forms instructions 1040ez   If you elect to use your 2004 earned income and you are claiming the EIC, enter “PYEI” and the amount of your 2004 earned income on the dotted line next to line 66a of Form 1040, on the line next to line 41a of Form 1040A, or in the space to the left of line 8a of Form 1040EZ. Irs forms instructions 1040ez   If you elect to use your 2004 earned income and you are claiming the additional child tax credit, enter your 2004 earned income for EIC purposes (even if you did not claim the EIC) on Form 8812, Additional Child Tax Credit, line 4a, and check the box on that line. Irs forms instructions 1040ez   Because Form 8812 was released before the GO Zone legislation was enacted, the instructions refer only to individuals whose main home was in the Hurricane Katrina disaster area. Irs forms instructions 1040ez When completing Form 8812, line 4a, use the above rules to determine your eligibility to make the election (instead of the Form 8812 instructions). Irs forms instructions 1040ez Getting your 2004 tax return information. Irs forms instructions 1040ez   If you do not have your 2004 tax records, you can get the amount of earned income used to figure your 2004 EIC by calling 1-866-562-5227. Irs forms instructions 1040ez You can also get this information by visiting the IRS website at www. Irs forms instructions 1040ez irs. Irs forms instructions 1040ez gov. Irs forms instructions 1040ez   If you prefer to figure your 2004 earned income yourself, copies or transcripts of your filed and processed tax returns can help you reconstruct your tax records. Irs forms instructions 1040ez See Request for Copy or Transcript of Tax Return on page 16. Irs forms instructions 1040ez Additional Exemption for Housing Individuals Displaced by Hurricane Katrina You may be able to claim an additional exemption amount of $500 for providing housing in your main home for each individual displaced by Hurricane Katrina. Irs forms instructions 1040ez The additional exemption amount is claimed on new Form 8914. Irs forms instructions 1040ez The additional exemption amount is allowable once per taxpayer for a specific individual in 2005 or 2006, but not in both years. Irs forms instructions 1040ez The maximum additional exemption amount you can claim for all displaced individuals is $2,000 ($1,000 if married filing separately). Irs forms instructions 1040ez The additional exemption amount you claim for displaced individuals in 2005 will reduce the $2,000 maximum for 2006. Irs forms instructions 1040ez If two or more taxpayers share the same main home, only one taxpayer in that main home can claim the additional exemption amount for a specific displaced individual. Irs forms instructions 1040ez If married filing separately, only one spouse may claim the additional exemption amount for a specific displaced individual. Irs forms instructions 1040ez In order for you to be considered to have provided housing, you must have a legal interest in the main home (that is, own or rent the home). Irs forms instructions 1040ez To qualify as a displaced individual, the individual: Must have had his or her main home in the Hurricane Katrina disaster area on August 28, 2005, and he or she must have been displaced from that home. Irs forms instructions 1040ez If the individual's main home was located outside the core disaster area, that home must have been damaged by Hurricane Katrina or the individual must have been evacuated from that home because of Hurricane Katrina, Must have been provided housing in your main home for a period of at least 60 consecutive days ending in the tax year in which the exemption is claimed, and Cannot be your spouse or dependent. Irs forms instructions 1040ez You cannot claim the additional exemption amount if you received rent (or any other amount) from any source for providing the housing. Irs forms instructions 1040ez You are permitted to receive payments or reimbursements that do not relate to normal housing costs, including the following. Irs forms instructions 1040ez Food, clothing, or personal items consumed or used by the displaced individual. Irs forms instructions 1040ez Reimbursement for the cost of any long distance telephone calls made by the displaced individual. Irs forms instructions 1040ez Reimbursement for the cost of gasoline for the displaced individual's use of your vehicle. Irs forms instructions 1040ez However, you cannot claim the additional exemption amount if you received any reimbursement for the extra costs of heat, electricity, or water used by the displaced individual. Irs forms instructions 1040ez Also, you must report on Form 8914 the displaced individual's social security number or individual taxpayer identification number to claim an additional exemption amount. Irs forms instructions 1040ez For more information, see Form 8914. Irs forms instructions 1040ez Education Credits The education credits have been expanded for students attending an eligible educational institution located in the Gulf Opportunity Zone (GOZ students) for any tax year beginning in 2005 or 2006. Irs forms instructions 1040ez The Hope credit for a GOZ student is increased to 100% of the first $2,000 in qualified education expenses and 50% of the next $2,000 of qualified education expenses for a maximum credit of $3,000 per student. Irs forms instructions 1040ez The lifetime learning credit rate for a GOZ student is increased from 20% to 40%. Irs forms instructions 1040ez The definition of qualified education expenses for a GOZ student also has been expanded. Irs forms instructions 1040ez In addition to tuition and fees required for the student's enrollment or attendance at an eligible educational institution, qualified education expenses for a GOZ student include the following. Irs forms instructions 1040ez Books, supplies, and equipment required for enrollment or attendance at an eligible educational institution. Irs forms instructions 1040ez For a special needs student, expenses that are necessary for that person's enrollment or attendance at an eligible educational institution. Irs forms instructions 1040ez For a student who is at least a half-time student, the reasonable costs of room and board, but only to the extent that the costs are not more than the greater of the following two amounts. Irs forms instructions 1040ez The allowance for room and board, as determined by the eligible educational institution, that was included in the cost of attendance (for federal financial aid purposes) for a particular academic period and living arrangement of the student. Irs forms instructions 1040ez The actual amount charged if the student is residing in housing owned or operated by the eligible educational institution. Irs forms instructions 1040ez You will need to contact the eligible educational institution for qualified room and board costs. Irs forms instructions 1040ez For more information, see Form 8863. Irs forms instructions 1040ez Recapture of Federal Mortgage Subsidy Generally, if you financed your home under a federally subsidized program (loans from tax-exempt qualified mortgage bonds or loans with mortgage credit certificates), you may have to recapture all or part of the benefit you received from that program when you sell or otherwise dispose of your home. Irs forms instructions 1040ez However, you do not have to recapture any benefit if your mortgage loan was a qualified home improvement loan of not more than $15,000. Irs forms instructions 1040ez This amount is increased to $150,000 if the loan was provided before 2011 and was used to: Repair damage caused by Hurricane Katrina to a residence in the Hurricane Katrina disaster area, or Alter, repair, or improve an existing owner-occupied residence in the GO Zone, Rita GO Zone, or Wilma GO Zone. Irs forms instructions 1040ez Exclusion of Certain Cancellations of Indebtedness by Reason of Hurricane Katrina Generally, discharges of nonbusiness debts (such as mortgages) made after August 24, 2005, and before January 1, 2007, are excluded from income for individuals whose main home was in the Hurricane Katrina disaster area on August 25, 2005. Irs forms instructions 1040ez If the individual's main home was located outside the core disaster area, the individual also must have had an economic loss because of Hurricane Katrina. Irs forms instructions 1040ez Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. Irs forms instructions 1040ez This relief does not apply to any debt secured by real property located outside the Hurricane Katrina disaster area. Irs forms instructions 1040ez You may also have to reduce certain tax attributes by the amount excluded. Irs forms instructions 1040ez For more information, see Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment). Irs forms instructions 1040ez Tax Relief for Temporary Relocation Under the Gulf Opportunity Zone Act of 2005, the IRS may adjust the internal revenue laws to ensure that taxpayers do not lose a deduction or credit or experience a change of filing status in 2005 or 2006 as a result of a temporary relocation caused by Hurricane Katrina, Rita, or Wilma. Irs forms instructions 1040ez However, any such adjustment must ensure that an individual is not taken into account by more than one taxpayer for the same tax benefit. Irs forms instructions 1040ez The IRS has exercised this authority as follows. Irs forms instructions 1040ez In determining whether you furnished over one-half of the cost of maintaining a household, you can exclude from total household costs any assistance received from the government or charitable organizations because you were temporarily relocated as a result of Hurricane Katrina, Rita, or Wilma. Irs forms instructions 1040ez In determining whether you provided more than one-half of an individual's support, you can disregard any assistance received from the government or charitable organizations because you were temporarily relocated as a result of Hurricane Katrina, Rita, or Wilma. Irs forms instructions 1040ez You can treat as a student an individual who enrolled in school before August 25, 2005, and who is unable to attend classes because of Hurricane Katrina, for each month of the enrollment period that individual is prevented by Hurricane Katrina from attending school as planned. Irs forms instructions 1040ez You can treat as a student an individual who enrolled in school before September 23, 2005, and who is unable to attend classes because of Hurricane Rita, for each month of the enrollment period that individual is prevented by Hurricane Rita from attending school as planned. Irs forms instructions 1040ez You can treat as a student an individual who enrolled in school before October 23, 2005, and who is unable to attend classes because of Hurricane Wilma, for each month of the enrollment period that individual is prevented by Hurricane Wilma from attending school as planned. Irs forms instructions 1040ez Additional Tax Relief for Businesses Special Depreciation Allowance You can take a special depreciation allowance for qualified Gulf Opportunity (GO) Zone property (as defined below) you place in service after August 27, 2005. Irs forms instructions 1040ez The allowance is an additional deduction of 50% of the property's depreciable basis (after any section 179 deduction and before figuring your regular depreciation deduction). Irs forms instructions 1040ez The special allowance applies only for the first year the property is placed in service. Irs forms instructions 1040ez The allowance is deductible for both the regular tax and the alternative minimum tax (AMT). Irs forms instructions 1040ez There is no AMT adjustment required for any depreciation figured on the remaining basis of the property. Irs forms instructions 1040ez You can elect not to deduct the special GO Zone depreciation allowance for qualified property. Irs forms instructions 1040ez If you make this election for any property, it applies to all property in the same class placed in service during the year. Irs forms instructions 1040ez Qualified GO Zone property. Irs forms instructions 1040ez   Property that qualifies for the special GO Zone depreciation allowance includes the following. Irs forms instructions 1040ez Tangible property depreciated under the modified accelerated cost recovery system (MACRS) with a recovery period of 20 years or less. Irs forms instructions 1040ez Water utility property. Irs forms instructions 1040ez Computer software that is readily available for purchase by the general public, is subject to a nonexclusive license, and has not been substantially modified. Irs forms instructions 1040ez (The cost of some computer software is treated as part of the cost of hardware and is depreciated under MACRS. Irs forms instructions 1040ez ) Qualified leasehold improvement property. Irs forms instructions 1040ez Nonresidential real property and residential rental property. Irs forms instructions 1040ez   For more information on this property, see Publication 946. Irs forms instructions 1040ez Other tests to be met. Irs forms instructions 1040ez   To be qualified GO Zone property, the property must also meet all of the following tests. Irs forms instructions 1040ez You must have acquired the property, by purchase, after August 27, 2005, but only if no binding written contract for the acquisition was in effect before August 28, 2005. Irs forms instructions 1040ez The property must be placed in service before 2008 (2009 in the case of nonresidential real property and residential rental property). Irs forms instructions 1040ez Substantially all of the use of the property must be in the GO Zone and in the active conduct of your trade or business in the GO Zone. Irs forms instructions 1040ez The original use of the property in the GO Zone must begin with you after August 27, 2005. Irs forms instructions 1040ez Used property can be qualified GO Zone property if it has not previously been used within the GO Zone. Irs forms instructions 1040ez Also, additional capital expenditures you incurred after August 27, 2005, to recondition or rebuild your property meet the original use test if the original use of the property in the GO Zone began with you. Irs forms instructions 1040ez Excepted property. Irs forms instructions 1040ez   Qualified GO Zone property does not include any of the following. Irs forms instructions 1040ez Property required to be depreciated using the Alternative Depreciation System (ADS). Irs forms instructions 1040ez Property any portion of which is financed with the proceeds of a tax-exempt obligation under section 103. Irs forms instructions 1040ez Property for which you are claiming a commercial revitalization deduction. Irs forms instructions 1040ez Any property used in connection with any private or commercial golf course, country club, massage parlor, hot tub facility, suntan facility, or any store, the principal business of which is the sale of alcoholic beverages for consumption off premises. Irs forms instructions 1040ez Any gambling or animal racing property (as defined below). Irs forms instructions 1040ez Property in the same class as that for which you elected not to claim the special GO Zone depreciation allowance. Irs forms instructions 1040ez   Gambling or animal racing property is: Any equipment, furniture, software, or other property used directly in connection with gambling, the racing of animals, or the on-site viewing of such racing, and The portion of any real property (determined by square footage) that is dedicated to gambling, the racing of animals, or the on-site viewing of such racing, unless this portion is less than 100 square feet. Irs forms instructions 1040ez Recapture of special allowance. Irs forms instructions 1040ez   If, in any year after the year you claim the special allowance, the property ceases to be qualified GO Zone property, you may have to recapture as ordinary income any excess benefit you received from claiming the special allowance. Irs forms instructions 1040ez Increased Section 179 Deduction An increased section 179 deduction is allowable for qualified section 179 Gulf Opportunity (GO) Zone property (as defined later) placed in service in the GO Zone. Irs forms instructions 1040ez Increased dollar limit. Irs forms instructions 1040ez   The limit on the section 179 deduction ($105,000 for 2005, $108,000 for 2006) for qualified section 179 GO Zone property acquired after August 27, 2005, is increased by the smaller of: $100,000, or The cost of qualified section 179 GO Zone property placed in service during the year (including such property placed in service by your spouse, even if you are filing a separate return). Irs forms instructions 1040ez   The amount for which you can make the election is reduced if the cost of all qualified section 179 GO Zone property you placed in service during the year exceeds $420,000 for 2005 ($430,000 for 2006) increased by the smaller of: $600,000, or The cost of qualified section 179 GO Zone property placed in service during the year. Irs forms instructions 1040ez Qualified section 179 GO Zone property. Irs forms instructions 1040ez   Qualified section 179 GO Zone property is section 179 property that is qualified GO Zone property (explained earlier under Special Depreciation Allowance). Irs forms instructions 1040ez Section 179 property does not include nonresidential real property or residential rental property. Irs forms instructions 1040ez For more information, including the requirements that must be met for property to qualify for the section 179 deduction, see chapter 2 of Publication 946. Irs forms instructions 1040ez Work Opportunity Credit For the work opportunity credit, the definition of “targeted group employee” has been expanded to include a Hurricane Katrina employee. Irs forms instructions 1040ez Hurricane Katrina employee. Irs forms instructions 1040ez   A Hurricane Katrina employee is: A person who, on August 28, 2005, had a main home in the core disaster area and, within a two-year period beginning on that date, is hired to perform services principally in the core disaster area; or A person who, on August 28, 2005, had a main home in the core disaster area, was displaced from that main home as a result of Hurricane Katrina, and was hired during the period beginning on August 28, 2005, and ending on December 31, 2005. Irs forms instructions 1040ez Qualified wages. Irs forms instructions 1040ez   Generally, qualified wages do not include wages you paid to a targeted group employee who worked for you previously. Irs forms instructions 1040ez However, wages will qualify if: You paid them to an employee who is a Hurricane Katrina employee, The employee was not in your employment on August 28, 2005, and This is your first hire of the employee as a Hurricane Katrina employee after August 28, 2005. Irs forms instructions 1040ez   For more information, see Form 5884. Irs forms instructions 1040ez Certification requirements. Irs forms instructions 1040ez   An employee must provide to the employer reasonable evidence that he or she is a Hurricane Katrina employee. Irs forms instructions 1040ez An employer may accept a completed Form 8850, Pre-Screening Notice and Certification Request for the Work Opportunity and Welfare-to-Work Credits, as such evidence. Irs forms instructions 1040ez The certification requirements described in Form 8850 do not apply to a Hurricane Katrina employee. Irs forms instructions 1040ez Do not send any Forms 8850 that have only box 1 checked to the state employment security agency. Irs forms instructions 1040ez Instead, the employer should keep these Forms 8850 with the employer's other records. Irs forms instructions 1040ez For more information, see Form 8850 and its instructions. Irs forms instructions 1040ez Employee Retention Credit An eligible employer who conducted an active trade or business in the Gulf Opportunity (GO) Zone, the Rita GO Zone, or the Wilma GO Zone can claim the employee retention credit. Irs forms instructions 1040ez The credit is 40% of qualified wages for each eligible employee (up to a maximum of $6,000 in qualified wages per employee). Irs forms instructions 1040ez Generally, you must reduce your deduction for salaries and wages by the amount of this credit (before the tax liability limit). Irs forms instructions 1040ez Use Form 5884-A to claim the credit. Irs forms instructions 1040ez See the following rules and definitions for each hurricane. Irs forms instructions 1040ez Employers affected by Hurricane Katrina. Irs forms instructions 1040ez   The following definitions apply to employers affected by Hurricane Katrina. Irs forms instructions 1040ez Eligible employer. Irs forms instructions 1040ez   For this purpose, an eligible employer is any employer who conducted an active trade or business on August 28, 2005, in the GO Zone and whose trade or business was inoperable on any day after August 28, 2005, and before January 1, 2006, because of damage caused by Hurricane Katrina. Irs forms instructions 1040ez Eligible employee. Irs forms instructions 1040ez   For this purpose, an eligible employee is an employee whose principal place of employment on August 28, 2005, with such eligible employer was in the GO Zone. Irs forms instructions 1040ez An employee is not an eligible employee for purposes of Hurricane Katrina if the employee is treated as an eligible employee for the work opportunity credit. Irs forms instructions 1040ez Employers affected by Hurricane Rita. Irs forms instructions 1040ez   The following definitions apply to employers affected by Hurricane Rita. Irs forms instructions 1040ez Eligible employer. Irs forms instructions 1040ez   For this purpose, an eligible employer is any employer who conducted an active trade or business on September 23, 2005, in the Rita GO Zone and whose trade or business was inoperable on any day after September 23, 2005, and before January 1, 2006, because of damage caused by Hurricane Rita. Irs forms instructions 1040ez Eligible employee. Irs forms instructions 1040ez   For this purpose, an eligible employee is an employee whose principal place of employment on September 23, 2005, with such eligible employer was in the Rita GO Zone. Irs forms instructions 1040ez An employee is not an eligible employee for purposes of Hurricane Rita if the employee is treated as an eligible employee for the work opportunity credit or the Hurricane Katrina employee retention credit. Irs forms instructions 1040ez Employers affected by Hurricane Wilma. Irs forms instructions 1040ez   The following definitions apply to employers affected by Hurricane Wilma. Irs forms instructions 1040ez Eligible employer. Irs forms instructions 1040ez   For this purpose, an eligible employer is any employer who conducted an active trade or business on October 23, 2005, in the Wilma GO Zone and whose trade or business was inoperable on any day after October 23, 2005, and before January 1, 2006, because of damage caused by Hurricane Wilma. Irs forms instructions 1040ez Eligible employee. Irs forms instructions 1040ez   For this purpose, an eligible employee is an employee whose principal place of employment on October 23, 2005, with such eligible employer was in the Wilma GO Zone. Irs forms instructions 1040ez An employee is not an eligible employee for purposes of Hurricane Wilma if the employee is treated as an eligible employee for the work opportunity credit or the Hurricane Katrina or Rita employee retention credit. Irs forms instructions 1040ez Qualified wages. Irs forms instructions 1040ez   Qualified wages are wages you paid or incurred before January 1, 2006, (up to $6,000 per employee) for an eligible employee beginning on the date your trade or business first became inoperable at the employee's principal place of employment immediately before the applicable hurricane, and ending on the date your trade or business resumed significant operations at that place. Irs forms instructions 1040ez In addition, the wages must have been paid or incurred after the following date. Irs forms instructions 1040ez August 28, 2005, for Hurricane Katrina. Irs forms instructions 1040ez September 23, 2005, for Hurricane Rita. Irs forms instructions 1040ez October 23, 2005, for Hurricane Wilma. Irs forms instructions 1040ez    This includes wages paid even if the employee performed no services, performed services at a place of employment other than the principal place of employment, or performed services at the principal place of employment before significant operations resumed. Irs forms instructions 1040ez    Wages qualifying for the credit generally have the same meaning as wages subject to the Federal Unemployment Tax Act (FUTA). Irs forms instructions 1040ez Qualified wages also include amounts you paid for medical or hospitalization expenses in connection with sickness or accident disability. Irs forms instructions 1040ez Qualified wages for any employee must be reduced by the amount of any work supplementation payment you received under the Social Security Act. Irs forms instructions 1040ez   For agricultural employees, if the work performed by any employee during more than half of any pay period qualified under FUTA as agricultural labor, that employee's wages subject to social security and Medicare taxes are qualified wages. Irs forms instructions 1040ez For a special rule that applies to railroad employees, see section 51(h)(1)(B). Irs forms instructions 1040ez   Qualified wages do not include the following. Irs forms instructions 1040ez Wages paid to your dependent or a related individual. Irs forms instructions 1040ez See section 51(i)(1). Irs forms instructions 1040ez Wages paid to any employee during the period for which you received payment for the employee from a federally funded on-the-job training program. Irs forms instructions 1040ez Wages for services of replacement workers during a strike or lockout. Irs forms instructions 1040ez   For more information, see Form 5884-A. Irs forms instructions 1040ez Hurricane Katrina Housing Credit An employer who conducted an active trade or business in the Gulf Opportunity (GO) Zone can claim the Hurricane Katrina housing credit. Irs forms instructions 1040ez The credit is equal to 30% of the value (up to $600 per month per employee) of in-kind lodging furnished to a qualified employee (and the employee's spouse or dependents) from January 1, 2006, through July 1, 2006. Irs forms instructions 1040ez The value of the lodging is excluded from the income of the qualified employee but is treated as wages for purposes of taxes imposed under the Federal Insurance Contributions Act (FICA) and the Federal Unemployment Tax Act (FUTA). Irs forms instructions 1040ez Generally, you must reduce your deduction for salaries and wages by the amount of this credit (before the tax liability limit). Irs forms instructions 1040ez The employer must use Form 5884-A to claim the credit. Irs forms instructions 1040ez A qualified employee is an individual who had a main home in the GO Zone on August 28, 2005, and who performs substantially all employment services in the GO Zone for the employer furnishing the lodging. Irs forms instructions 1040ez The employee cannot be your dependent or a related individual. Irs forms instructions 1040ez See section 51(i)(1). Irs forms instructions 1040ez For more information, see Form 5884-A. Irs forms instructions 1040ez Reforestation Costs You may be able to elect to deduct a limited amount of reforestation costs for each qualified timber property. Irs forms instructions 1040ez The deduction for any tax year generally is limited to $10,000 ($5,000 if married filing separately, $0 for a trust). Irs forms instructions 1040ez However, this limit is increased if you paid or incurred reforestation costs after the applicable date below and any portion of the qualified timber property is located in one of the following areas. Irs forms instructions 1040ez August 27, 2005, if any portion of the property is located in the GO Zone. Irs forms instructions 1040ez September 22, 2005, if any portion of the property is located in the Rita GO Zone (but not in the GO Zone). Irs forms instructions 1040ez October 22, 2005, if any portion of the property is located in the Wilma GO Zone. Irs forms instructions 1040ez The limit for each qualified timber property is increased by the smaller of: $10,000 ($5,000 if married filing separately, $0 for a trust), or The amount of reforestation costs you paid or incurred after the applicable date for the qualified timber property, any portion of which is located in the zone described above. Irs forms instructions 1040ez The increase in the limit applies only to costs paid or incurred before 2008. Irs forms instructions 1040ez However, these rules do not apply to any timber producer who: Held more than 500 acres of qualified timber property at any time during the tax year, Is a corporation with stock publicly traded on an established securities market, or Is a real estate investment trust. Irs forms instructions 1040ez For more information about the election to deduct reforestation costs, see chapter 8 in Publication 535, Business Expenses. Irs forms instructions 1040ez Demolition and Clean-up Costs You can elect to deduct 50% of any qualified GO Zone clean-up costs for the tax year in which the costs are paid or incurred, instead of capitalizing them. Irs forms instructions 1040ez Qualified GO Zone clean-up costs are any amounts paid or incurred after August 27, 2005, and before January 1, 2008, for the removal of debris from, or the demolition of structures on, real property located in the GO Zone that is: Held by you for use in a trade or business or for the production of income, or Inventory or other property held primarily for sale to customers in the ordinary course of your trade or business. Irs forms instructions 1040ez Increase in Rehabilitation Tax Credit The rehabilitation credit is increased for qualified rehabilitation expenditures paid or incurred after August 27, 2005, and before January 1, 2009, on buildings located in the GO Zone as follows. Irs forms instructions 1040ez For pre-1936 buildings (other than certified historic structures), the credit percentage is increased from 10% to 13%. Irs forms instructions 1040ez For certified historic structures, the credit percentage is increased from 20% to 26%. Irs forms instructions 1040ez For more information, see Form 3468, Investment Credit. Irs forms instructions 1040ez Request for Copy or Transcript of Tax Return Request for copy of tax return. Irs forms instructions 1040ez   You can use Form 4506 to order a copy of your tax return. Irs forms instructions 1040ez Generally, there is a $39. Irs forms instructions 1040ez 00 fee for requesting each copy of a tax return. Irs forms instructions 1040ez If your main home, principal place of business, or tax records are located in a Presidentially declared disaster area, the fee will be waived if the assigned disaster designation (for example, “Hurricane Katrina”) is written in red across the top of the form when filed. Irs forms instructions 1040ez Request for transcript of tax return. Irs forms instructions 1040ez   You can use Form 4506-T to order a free transcript of your tax return. Irs forms instructions 1040ez A transcript provides most of the line entries from a tax return and usually contains the information that a third party requires. Irs forms instructions 1040ez You can also call 1-800-829-1040 to order a transcript. Irs forms instructions 1040ez How To Get Tax Help Special IRS assistance. Irs forms instructions 1040ez   The IRS is providing special help for those affected by Hurricane Katrina, Rita, or Wilma, as well as survivors and personal representatives of the victims. Irs forms instructions 1040ez We have set up a special toll-free number for people who may have trouble filing or paying their taxes because they were affected by Hurricane Katrina, Rita, or Wilma, or who have other tax issues related to the hurricanes. Irs forms instructions 1040ez Call 1-866-562-5227 Monday through Friday In English-7 a. Irs forms instructions 1040ez m. Irs forms instructions 1040ez to 10 p. Irs forms instructions 1040ez m. Irs forms instructions 1040ez local time In Spanish-8 a. Irs forms instructions 1040ez m. Irs forms instructions 1040ez to 9:30 p. Irs forms instructions 1040ez m. Irs forms instructions 1040ez local time   The IRS website at www. Irs forms instructions 1040ez irs. Irs forms instructions 1040ez gov has notices and other tax relief information. Irs forms instructions 1040ez Check it periodically for any new guidance. Irs forms instructions 1040ez Other help from the IRS. Irs forms instructions 1040ez   You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get more information from the IRS in several ways. Irs forms instructions 1040ez By selecting the method that is best for you, you will have quick and easy access to tax help. Irs forms instructions 1040ez Contacting your Taxpayer Advocate. Irs forms instructions 1040ez   If you have attempted to deal with an IRS problem unsuccessfully, you should contact your Taxpayer Advocate. Irs forms instructions 1040ez   The Taxpayer Advocate independently represents your interests and concerns within the IRS by protecting your rights and resolving problems that have not been fixed through normal channels. Irs forms instructions 1040ez While Taxpayer Advocates cannot change the tax law or make a technical tax decision, they can clear up problems that resulted from previous contacts and ensure that your case is given a complete and impartial review. Irs forms instructions 1040ez   To contact your Taxpayer Advocate: Call the Taxpayer Advocate toll free at 1-877-777-4778. Irs forms instructions 1040ez Call, write, or fax the Taxpayer Advocate office in your area. Irs forms instructions 1040ez Call 1-800-829-4059 if you are a TTY/TDD user. Irs forms instructions 1040ez Visit www. Irs forms instructions 1040ez irs. Irs forms instructions 1040ez gov/advocate. Irs forms instructions 1040ez   For more information, see Publication 1546, How To Get Help With Unresolved Tax Problems (now available in Chinese, Korean, Russian, and Vietnamese, in addition to English and Spanish). Irs forms instructions 1040ez Free tax services. Irs forms instructions 1040ez   To find out what services are available, get Publication 910, IRS Guide to Free Tax Services. Irs forms instructions 1040ez It contains a list of free tax publications and an index of tax topics. Irs forms instructions 1040ez It also describes other free tax information services, including tax education and assistance programs and a list of TeleTax topics. Irs forms instructions 1040ez Internet. Irs forms instructions 1040ez You can access the IRS website 24 hours a day, 7 days a week, at www. Irs forms instructions 1040ez irs. Irs forms instructions 1040ez gov to: E-file your return. Irs forms instructions 1040ez Find out about commercial tax preparation and e-file services available free to eligible taxpayers. Irs forms instructions 1040ez Check the status of your refund. Irs forms instructions 1040ez Click on Where's My Refund. Irs forms instructions 1040ez Be sure to wait at least 6 weeks from the date you filed your return (3 weeks if you filed electronically). Irs forms instructions 1040ez Have your tax return available because you will need to know your social security number, your filing status, and the exact whole dollar amount of your refund. Irs forms instructions 1040ez Download forms, instructions, and publications. Irs forms instructions 1040ez Order IRS products online. Irs forms instructions 1040ez Research your tax questions online. Irs forms instructions 1040ez Search publications online by topic or keyword. Irs forms instructions 1040ez View Internal Revenue Bulletins (IRBs) published in the last few years. Irs forms instructions 1040ez Figure your withholdin
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Freedom of Information Act and Privacy Act

Learn more about your rights to federal records.


Freedom of Information Act

The Freedom of Information Act (FOIA) is a law that gives you the right to access information from the federal government.

How to Make a FOIA Request

Any person can make a FOIA request for any federal agency record. To make a request, write a letter to the agency that describes the information you want, and the format you want it in, in as much detail as possible.

You can find a sample FOIA request letter in Your Right to Federal Records (PDF). You can also download this publication to an e-reader or order a free print copy.

When you complete your letter, send it to the agency's FOIA contact. Find the FOIA contact for every federal agency.

Before you send a FOIA request, it’s a good idea to look at an agency’s website first to see what's already available. FOIA requires that federal agencies release certain information automatically, without the need for you to make a request.

If the records you seek are about yourself, you can request them under both the FOIA and the Privacy Act of 1974.

Learn more about how to make a FOIA request.

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Privacy Act of 1974

The Privacy Act of 1974 establishes certain controls over what personal information is collected by the federal government and how it is used.

How to Request Information Under the Privacy Act

Write a letter to the agency that you believe may have a file pertaining to you. You can find detailed instructions and a sample letter in Your Right to Federal Records (PDF). You can also download this publication to an e-reader or order a free print copy.

If the records you seek are about yourself, you can request them under both the FOIA and the Privacy Act of 1974.

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The Irs Forms Instructions 1040ez

Irs forms instructions 1040ez 4. Irs forms instructions 1040ez   Filing U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez Tax Returns Table of Contents Who Must FileFiling Requirement if Possession Income Is Excluded When To FileExtension of Time To File Where To File Special Rules for Completing Your U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez Tax ReturnU. Irs forms instructions 1040ez S. Irs forms instructions 1040ez Armed Forces. Irs forms instructions 1040ez Deductions if Possession Income Is Excluded Foreign Tax Credit if Possession Income Is Excluded Self-Employment Tax Additional Medicare Tax Net Investment Income Tax Paying Your TaxesEstimated Tax Double TaxationCompetent Authority Assistance The information in chapter 3 will tell you if a U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez income tax return is required for your situation. Irs forms instructions 1040ez If a U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez return is required, your next step is to see if you meet the filing requirements. Irs forms instructions 1040ez If you do meet the filing requirements, the information presented in this chapter will help you understand the special procedures involved. Irs forms instructions 1040ez This chapter discusses: Filing requirements, When to file your return, Where to send your return, How to adjust your deductions and credits if you are excluding income from American Samoa or Puerto Rico, How to make estimated tax payments and pay self-employment tax, and How to request assistance in resolving instances of double taxation. Irs forms instructions 1040ez Who Must File If you are not required to file a possession tax return that includes your worldwide income, you must generally file a U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez income tax return if your gross income is at least the amount shown in Table 4-1, later, for your filing status and age. Irs forms instructions 1040ez If you were a bona fide resident of American Samoa or Puerto Rico and are able to exclude your possession income from your U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez tax return, your filing requirement may be less than the amount in Table 4-1. Irs forms instructions 1040ez For details, see the information under Filing Requirement if Possession Income Is Excluded , later. Irs forms instructions 1040ez Some individuals (such as those who can be claimed as a dependent on another person's return or who owe certain taxes, such as self-employment tax) must file a tax return even though the gross income is less than the amount shown in Table 4-1 for their filing status and age. Irs forms instructions 1040ez For more information, see the Form 1040 instructions. Irs forms instructions 1040ez Filing Requirement if Possession Income Is Excluded If you were a bona fide resident of American Samoa or Puerto Rico and qualify to exclude possession income on your U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez tax return, you must determine your adjusted filing requirement. Irs forms instructions 1040ez Generally, your filing requirement is based on the total of your (and your spouse's if filing a joint return) personal exemption(s) plus your standard deduction. Irs forms instructions 1040ez Personal exemption. Irs forms instructions 1040ez   When figuring your filing requirement, your personal exemption is allowed in full. Irs forms instructions 1040ez Do not reduce it for this purpose. Irs forms instructions 1040ez Do not include exemptions for your dependents. Irs forms instructions 1040ez Allowable standard deduction. Irs forms instructions 1040ez   Unless your filing status is married filing separately, the minimum income level at which you must file a return is based, in part, on the standard deduction for your filing status and age. Irs forms instructions 1040ez Because the standard deduction applies to all types of income, it must be divided between your excluded income and income from other sources. Irs forms instructions 1040ez Multiply the regular standard deduction for your filing status and age (this is zero if you are married filing a separate return; all others, see Form 1040 instructions) by the following fraction:      Gross income subject to U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez income tax     Gross income from all sources (including excluded possession income)   Example. Irs forms instructions 1040ez Barbara Spruce, a U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez citizen, is single, under 65, and a bona fide resident of American Samoa. Irs forms instructions 1040ez During 2013, she received $20,000 of income from American Samoa sources (qualifies for exclusion) and $8,000 of income from sources outside the possession (subject to U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez income tax). Irs forms instructions 1040ez Her allowable standard deduction for 2013 is figured as follows:   $8,000 $28,000 × $6,100 (regular standard deduction) = $1,743   Adjusted filing requirement. Irs forms instructions 1040ez   Figure your adjusted filing requirement by adding the amount of your allowable standard deduction to the amount of your personal exemption. Irs forms instructions 1040ez You must file a U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez income tax return if your gross income is at least the amount shown on line 3 of the following worksheet. Irs forms instructions 1040ez    1. Irs forms instructions 1040ez Enter the allowable standard deduction you figured earlier under Allowable standard deduction . Irs forms instructions 1040ez If your filing status is married filing separately, enter -0-   2. Irs forms instructions 1040ez Personal exemption. Irs forms instructions 1040ez If your filing status is married filing jointly, enter $7,800; if someone can claim you as a dependent, enter -0-; otherwise, enter $3,900   3. Irs forms instructions 1040ez Add lines 1 and 2. Irs forms instructions 1040ez You must file a U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez income tax return if your gross income from sources outside the relevant possession is at least this amount   Table 4-1. Irs forms instructions 1040ez 2013 Filing Requirements Chart for Most Taxpayers IF your filing status is. Irs forms instructions 1040ez . Irs forms instructions 1040ez . Irs forms instructions 1040ez AND at the end of 2013 you were*. Irs forms instructions 1040ez . Irs forms instructions 1040ez . Irs forms instructions 1040ez THEN file a return if your gross income** was at least. Irs forms instructions 1040ez . Irs forms instructions 1040ez . Irs forms instructions 1040ez single under 65 $10,000 65 or older $11,500 married filing jointly*** under 65 (both spouses) $20,000 65 or older (one spouse) $21,200 65 or older (both spouses) $22,400 married filing separately any age $3,900 head of household under 65 $12,850 65 or older $14,350 qualifying widow(er)  with dependent child under 65 $16,100 65 or older $17,300 * If you were born on January 1, 1949, you are considered to be age 65 at the end of 2013. Irs forms instructions 1040ez ** Gross income means all income you received in the form of money, goods, property, and services that is not exempt from tax, including any income from sources outside the United States (even if you can exclude part or all of it). Irs forms instructions 1040ez Do not include social security benefits unless (a) you are married filing a separate return and you lived with your spouse at any time during 2013, or (b) one-half of your social security benefits plus your other gross income is more than $25,000 ($32,000 if married filing jointly). Irs forms instructions 1040ez If (a) or (b) applies, see the instructions for Form 1040 or Publication 915, Social Security and Equivalent Railroad Retirement Benefits, to figure the taxable part of social security benefits you must include in gross income. Irs forms instructions 1040ez *** If you did not live with your spouse at the end of 2013 (or on the date your spouse died) and your gross income was at least $3,900 you must file a return regardless of your age. Irs forms instructions 1040ez Example 1. Irs forms instructions 1040ez James and Joan Thompson, one over 65, are U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez citizens and bona fide residents of Puerto Rico during the entire tax year. Irs forms instructions 1040ez They file a joint income tax return. Irs forms instructions 1040ez During 2013, they received $35,000 of income from Puerto Rico sources (qualifies for exclusion) and $6,000 of income from sources outside Puerto Rico (subject to U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez income tax). Irs forms instructions 1040ez Their allowable standard deduction for 2013 is figured as follows:   $6,000 $41,000 × $13,400 ( standard deduction for 65 or older (one spouse) ) = $1,961   The Thompsons do not have to file a U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez income tax return because their gross income subject to U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez tax ($6,000) is less than their allowable standard deduction plus their personal exemptions ($1,961+ $7,800= $9,761). Irs forms instructions 1040ez Example 2. Irs forms instructions 1040ez Barbara Spruce (see Example under Allowable standard deduction, earlier), however, must file a U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez income tax return because her gross income subject to U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez tax ($8,000) is more than her allowable standard deduction plus her personal exemption ($1,743 + $3,900 = $5,643). Irs forms instructions 1040ez If you must file a U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez income tax return, you may be able to file a paperless return using IRS e-file. Irs forms instructions 1040ez See your form instructions or visit our website at IRS. Irs forms instructions 1040ez gov. Irs forms instructions 1040ez When To File If you file on a calendar year basis, the due date for filing your U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez income tax return is April 15 following the end of your tax year. Irs forms instructions 1040ez If you use a fiscal year (a year ending on the last day of a month other than December), the due date is the 15th day of the 4th month after the end of your fiscal year. Irs forms instructions 1040ez If any due date falls on a Saturday, Sunday, or legal holiday, your tax return is due on the next business day. Irs forms instructions 1040ez For your 2013 tax return, the due date is April 15, 2014. Irs forms instructions 1040ez If you mail your federal tax return, it is considered timely if it bears an official postmark dated on or before the due date, including any extensions. Irs forms instructions 1040ez If you use a private delivery service designated by the IRS, generally the postmark date is the date the private delivery service records in its database or marks on the mailing label. Irs forms instructions 1040ez See your form instructions for a list of designated private delivery services. Irs forms instructions 1040ez Extension of Time To File You can get an extension of time to file your U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez income tax return. Irs forms instructions 1040ez Special rules apply for those living outside the United States. Irs forms instructions 1040ez Automatic 6-Month Extension If you cannot file your 2013 return by the due date, you can get an automatic 6-month extension of time to file. Irs forms instructions 1040ez Example. Irs forms instructions 1040ez If your return must be filed by April 15, 2014, you will have until October 15, 2014, to file. Irs forms instructions 1040ez Although you are not required to make a payment of the tax you estimate as due, Form 4868 does not extend the time to pay taxes. Irs forms instructions 1040ez If you do not pay the amount due by the regular due date (generally April 15), you will owe interest on any unpaid tax from the original due date to the date you pay the tax. Irs forms instructions 1040ez You may also be charged penalties (see the Instructions for Form 4868). Irs forms instructions 1040ez How to get the automatic extension. Irs forms instructions 1040ez   You can get the automatic 6-month extension if you do one of the following by the due date for filing your return. Irs forms instructions 1040ez E-file Form 4868 using your personal computer or a tax professional. Irs forms instructions 1040ez E-file and pay by credit or debit card. Irs forms instructions 1040ez Your payment must be at least $1. Irs forms instructions 1040ez You may pay by phone or over the Internet. Irs forms instructions 1040ez Do not file Form 4868. Irs forms instructions 1040ez File a paper Form 4868. Irs forms instructions 1040ez If you are a fiscal year taxpayer, you must file a paper Form 4868. Irs forms instructions 1040ez See Form 4868 for information on getting an extension using these options. Irs forms instructions 1040ez When to file. Irs forms instructions 1040ez   You must request the automatic extension by the due date for your return. Irs forms instructions 1040ez You can file your return any time before the 6-month extension period ends. Irs forms instructions 1040ez When you file your return. Irs forms instructions 1040ez   Enter any payment you made related to the extension of time to file on Form 1040, line 68. Irs forms instructions 1040ez If you file Form 1040A, U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez Individual Income Tax Return, or Form 1040EZ, Income Tax Return for Single and Joint Filers With No Dependents, include that payment in your total payments on Form 1040A, line 41, or Form 1040EZ, line 9. Irs forms instructions 1040ez Also enter “Form 4868” and the amount paid in the space to the left of the entry space for line 41 or line 9. Irs forms instructions 1040ez You cannot ask the Internal Revenue Service to figure your tax if you use the extension of time to file. Irs forms instructions 1040ez Individuals Outside the United States and Puerto Rico You are allowed an automatic 2-month extension (until June 16, 2014, if you use the calendar year) to file your 2013 return and pay any federal income tax due if: You are a U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez citizen or resident, and On the due date of your return: You are living outside of the United States and Puerto Rico, and your main place of business or post of duty is outside the United States and Puerto Rico, or You are in military or naval service on duty outside the United States and Puerto Rico. Irs forms instructions 1040ez However, if you pay the tax due after the regular due date (generally April 15), interest will be charged from April 15 until the date the tax is paid. Irs forms instructions 1040ez If you serve in a combat zone or qualified hazardous duty area, you may be eligible for a longer extension of time to file. Irs forms instructions 1040ez For more information, see Publication 3, Armed Forces' Tax Guide. Irs forms instructions 1040ez Married taxpayers. Irs forms instructions 1040ez   If you file a joint return, only one spouse has to qualify for this automatic extension. Irs forms instructions 1040ez However, if you and your spouse file separate returns, this automatic extension applies only to the spouse who qualifies. Irs forms instructions 1040ez How to get the extension. Irs forms instructions 1040ez   To use this special automatic extension, you must attach a statement to your return explaining what situation qualified you for the extension. Irs forms instructions 1040ez (See the situations listed under (2), earlier. Irs forms instructions 1040ez ) Extension beyond 2 months. Irs forms instructions 1040ez   If you cannot file your 2013 return within the automatic 2-month extension period, you can get an additional 4-month extension, for a total of 6 months. Irs forms instructions 1040ez File Form 4868 by the end of the automatic extension period (June 16, 2014 for calendar year taxpayers). Irs forms instructions 1040ez Be sure to check the box on Form 4868, line 8, if appropriate. Irs forms instructions 1040ez   In addition to this 6-month extension, taxpayers who are out of the country (as defined under (2) earlier) can request a discretionary 2-month additional extension of time to file their returns (to December 15 for calendar year taxpayers). Irs forms instructions 1040ez   To request this extension, you must send the IRS a letter explaining the reasons why you need the additional 2 months. Irs forms instructions 1040ez Send the letter by the extended due date (October 15 for calendar year taxpayers) to:  Department of the Treasury Internal Revenue Service Austin, TX 73301-0215 USA   You will not receive any notification from the IRS unless your request is denied for being untimely. Irs forms instructions 1040ez Where To File Use the addresses listed below if you have to file Form 1040 with the United States and you are excluding possession income from American Samoa or Puerto Rico. Irs forms instructions 1040ez If you are not including a check or a money order, send your U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez tax return and all attachments to:   Department of the Treasury Internal Revenue Service Austin, TX 73301-0215 USA If you are including a check or a money order, send your U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez tax return and all attachments to:  Internal Revenue Service P. Irs forms instructions 1040ez O. Irs forms instructions 1040ez Box 1303 Charlotte, NC 28201-1303 USA Also send your U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez return to these addresses if you are attaching Form 5074 or Form 8689. Irs forms instructions 1040ez If you are not in either of the above categories, send your return to the address shown in the Form 1040 instructions for the possession or state in which you reside. Irs forms instructions 1040ez Special Rules for Completing Your U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez Tax Return If you are not excluding possession income from your U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez tax return, follow the instructions for the specific forms you file. Irs forms instructions 1040ez However, you may not qualify to claim the earned income credit (EIC). Irs forms instructions 1040ez Earned income credit. Irs forms instructions 1040ez   Even if you maintain a household in one of the possessions discussed in this publication that is your main home and the home of your qualifying child, you cannot claim the earned income credit on your U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez tax return. Irs forms instructions 1040ez This credit is available only if you maintain the household in the United States or you are serving on extended active duty in the U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez Armed Forces. Irs forms instructions 1040ez U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez Armed Forces. Irs forms instructions 1040ez   U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez military personnel stationed outside the United States on extended active duty are considered to live in the United States during that duty period for purposes of the EIC. Irs forms instructions 1040ez Extended active duty means you are called or ordered to duty for an indefinite period or for a period of more than 90 days. Irs forms instructions 1040ez Once you begin serving your extended active duty, you are still considered to have been on extended active duty even if you do not serve more than 90 days. Irs forms instructions 1040ez Income from American Samoa or Puerto Rico excluded. Irs forms instructions 1040ez   You will not be allowed to take deductions and credits that apply to the excluded income. Irs forms instructions 1040ez The additional information you need follows. Irs forms instructions 1040ez Deductions if Possession Income Is Excluded Deductions that specifically apply to your excluded possession income, such as employee business expenses, are not allowable on your U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez income tax return. Irs forms instructions 1040ez Deductions that do not specifically apply to any particular type of income must be divided between your excluded income from sources in the relevant possession and income from all other sources to find the part that you can deduct on your U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez tax return. Irs forms instructions 1040ez Examples of such deductions are alimony payments, the standard deduction, and certain itemized deductions (such as medical expenses, charitable contributions, real estate taxes, and mortgage interest on your home). Irs forms instructions 1040ez Figuring the deduction. Irs forms instructions 1040ez   To find the part of a deduction that is allowable, multiply the deduction by the following fraction. Irs forms instructions 1040ez   Gross income subject to U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez income tax     Gross income from all sources (including excluded possession income)   Adjustments to Income Your adjusted gross income equals your gross income minus certain deductions (adjustments). Irs forms instructions 1040ez Moving expense deduction. Irs forms instructions 1040ez   Generally, expenses of a move to a possession are directly attributable to wages, salaries, and other earned income from that possession. Irs forms instructions 1040ez Likewise, the expenses of a move back to the United States are generally attributable to U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez earned income. Irs forms instructions 1040ez   If you are claiming expenses for a move to a relevant possession, how and where you will deduct the expenses depends on your status as a bona fide resident and if any of your possession income is excluded on your U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez tax return. Irs forms instructions 1040ez For more information, see Moving expense deduction in chapter 3 under the name of the relevant possession. Irs forms instructions 1040ez   If you are claiming expenses for a move from a U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez possession to the United States, use Form 3903 to figure your deductible expenses and enter the amount on Form 1040, line 26. Irs forms instructions 1040ez For purposes of deducting moving expenses, the possessions are considered part of the United States. Irs forms instructions 1040ez See Publication 521, Moving Expenses, for information about what expenses are deductible. Irs forms instructions 1040ez Self-employment tax deduction. Irs forms instructions 1040ez   Generally, if you are reporting self-employment income on your U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez return, you can include the deductible part of your self-employment tax on Form 1040, line 27. Irs forms instructions 1040ez This is an income tax deduction only; it is not a deduction in figuring net earnings from self-employment (for self-employment tax). Irs forms instructions 1040ez   However, if you are a bona fide resident of American Samoa or Puerto Rico and you exclude all of your self-employment income from gross income, you cannot take the deduction on Form 1040, line 27, because the deduction is related to excluded income. Irs forms instructions 1040ez   If only part of your self-employment income is excluded, the part of the deduction that is based on the nonexcluded income is allowed. Irs forms instructions 1040ez This would happen if, for instance, you have two businesses and only the income from one of them is excludable. Irs forms instructions 1040ez   For purposes of the deduction only, figure the self-employment tax on the nonexcluded income by multiplying your total self-employment tax (from Schedule SE (Form 1040)), Self-Employment Tax) by the following fraction. Irs forms instructions 1040ez   Self-employment income subject to U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez income tax     Total self-employment income (including excluded possession income)   The result is your self-employment tax on nonexcluded income. Irs forms instructions 1040ez Include the deductible part of this amount on Form 1040, line 27. Irs forms instructions 1040ez Individual retirement arrangement (IRA) deduction. Irs forms instructions 1040ez   Do not take excluded income into account when figuring your deductible IRA contribution. Irs forms instructions 1040ez Standard Deduction The standard deduction is composed of the regular standard deduction amount and the additional standard deduction for taxpayers who are blind or age 65 or over. Irs forms instructions 1040ez To find the amount you can claim on Form 1040, line 40, first figure your full standard deduction according to the Instructions for Form 1040. Irs forms instructions 1040ez Then multiply your full standard deduction by the following fraction. Irs forms instructions 1040ez   Gross income subject to U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez income tax     Gross income from all sources (including excluded possession income)   In the space above line 40, enter “Standard deduction modified due to income excluded under section 931 (if American Samoa) or section 933 (if Puerto Rico). Irs forms instructions 1040ez ” This calculation may not be the same as the one you used to determine if you need to file a U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez tax return. Irs forms instructions 1040ez Itemized Deductions Most itemized deductions do not apply to a particular type of income. Irs forms instructions 1040ez However, itemized deductions can be divided into three categories. Irs forms instructions 1040ez Those that apply specifically to excluded income, such as employee business expenses, are not deductible. Irs forms instructions 1040ez Those that apply specifically to income subject to U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez income tax, which might also be employee business expenses, are fully allowable under the Instructions for Schedule A (Form 1040), Itemized Deductions. Irs forms instructions 1040ez Those that do not apply to specific income must be allocated between your gross income subject to U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez income tax and your total gross income from all sources. Irs forms instructions 1040ez The example given later shows how to figure the deductible part of each type of expense that is not related to specific income. Irs forms instructions 1040ez Example. Irs forms instructions 1040ez In 2013, you and your spouse are both under 65 and U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez citizens who are bona fide residents of Puerto Rico during the entire tax year. Irs forms instructions 1040ez You file a joint income tax return. Irs forms instructions 1040ez During 2013, you earned $20,000 from Puerto Rican sources (excluded from U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez gross income) and your spouse earned $60,000 from the U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez Government. Irs forms instructions 1040ez You have $16,000 of itemized deductions that do not apply to any specific type of income. Irs forms instructions 1040ez These are medical expenses of $4,000, real estate taxes of $5,000, home mortgage interest of $6,000, and charitable contributions of $1,000 (cash contributions). Irs forms instructions 1040ez You determine the amount of each deduction that you can claim on your Schedule A (Form 1040), Itemized Deductions, by multiplying the deduction by the fraction shown under Figuring the deduction , earlier under Deductions if Possession Income is Excluded. Irs forms instructions 1040ez   Medical Expenses   $60,000$80,000 × $4,000 = $3,000  (enter on line 1  of Schedule A)     Real Estate Taxes   $60,000$80,000 × $5,000 = $3,750  (enter on line 6  of Schedule A)     Home Mortgage Interest   $60,000$80,000 × $6,000 = $4,500  (enter on line 10 or 11 of  Schedule A)     Charitable Contributions (cash contributions)   $60,000$80,000 × $1,000 = $750  (enter on line 16 of Schedule A)   Enter on Schedule A (Form 1040) only the allowable portion of each deduction. Irs forms instructions 1040ez Overall limitation on itemized deductions. Irs forms instructions 1040ez   If your adjusted gross income (discussed earlier) is over $300,000 if married filing jointly or qualifying widow(er); $275,000 if head of household; $250,000 if single; or $150,000 if married filing separately; see the Itemized Deductions Worksheet in the Instructions for Schedule A (Form 1040), to figure your itemized deductions. Irs forms instructions 1040ez Personal Exemptions Personal exemptions are allowed in full even if excluding possession income. Irs forms instructions 1040ez However, depending upon your adjusted gross income and filing status, the amount you can deduct may be reduced. Irs forms instructions 1040ez See the Deduction for Exemptions Worksheet—Line 42 in the instructions for Form 1040. Irs forms instructions 1040ez Foreign Tax Credit if Possession Income Is Excluded If you must report American Samoa or Puerto Rico source income on your U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez tax return, you can claim a foreign tax credit for income taxes paid to the possession on that income. Irs forms instructions 1040ez However, you cannot claim a foreign tax credit for taxes paid on possession income that is excluded on your U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez tax return. Irs forms instructions 1040ez The foreign tax credit is generally figured on Form 1116. Irs forms instructions 1040ez If you have income, such as U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez Government wages, that is not excludable, and you also have possession source income that is excludable, you must figure the credit by reducing your foreign taxes paid or accrued by the taxes based on the excluded income. Irs forms instructions 1040ez You make this reduction for each separate income category. Irs forms instructions 1040ez To find the amount of this reduction, use the following formula for each income category. Irs forms instructions 1040ez Excluded income from possession sources less deductible expenses based on that income x Tax paid or accrued to the possession = Reduction in foreign taxes Total income subject to possession tax less deductible expenses based on that income Enter the amount of the reduction on Form 1116, line 12. Irs forms instructions 1040ez For more information on the foreign tax credit, see Publication 514. Irs forms instructions 1040ez Example. Irs forms instructions 1040ez Jason and Lynn Reddy are U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez citizens who were bona fide residents of Puerto Rico during all of 2013. Irs forms instructions 1040ez They file a joint tax return. Irs forms instructions 1040ez The following table shows their excludable and taxable income for U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez federal income tax purposes. Irs forms instructions 1040ez   Taxable   Excludable Jason's wages from  U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez Government $25,000     Lynn's wages from Puerto Rico  corp. Irs forms instructions 1040ez     $15,000 Dividend from Puerto Rico corp. Irs forms instructions 1040ez doing business in Puerto Rico     200 Dividend from U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez  corp. Irs forms instructions 1040ez doing business  in U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez * 1,000     Totals $26,000   $15,200 * Income from sources outside Puerto Rico is taxable. Irs forms instructions 1040ez   Jason and Lynn must file 2013 income tax returns with both Puerto Rico and the United States. Irs forms instructions 1040ez They have gross income of $26,000 for U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez tax purposes. Irs forms instructions 1040ez They paid taxes to Puerto Rico of $4,000 ($3,980 on their wages and $20 on the dividend from the Puerto Rico corporation). Irs forms instructions 1040ez They figure their foreign tax credit on two Forms 1116, which they must attach to their U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez return. Irs forms instructions 1040ez They fill out one Form 1116 for wages and one Form 1116 for the dividend. Irs forms instructions 1040ez Jason and Lynn figure the Puerto Rico taxes on excluded income as follows. Irs forms instructions 1040ez   Wages: ($15,000 ÷ $40,000) × $3,980 = $1,493   Dividend: ($200 ÷ $200) × $20 = $20 They enter $1,493 on Form 1116, line 12, for wages and $20 on the second Form 1116, line 12, for the dividend. Irs forms instructions 1040ez Self-Employment Tax Self-employment tax includes both social security and Medicare taxes for individuals who are self-employed. Irs forms instructions 1040ez A U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez citizen or resident alien who is self-employed must pay self-employment tax on net self-employment earnings of $400 or more. Irs forms instructions 1040ez This rule applies whether or not the earnings are excludable from gross income (or whether or not a U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez income tax return must otherwise be filed). Irs forms instructions 1040ez Bona fide residents of the possessions discussed in this publication are considered U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez residents for this purpose and are subject to the self-employment tax. Irs forms instructions 1040ez Forms to file. Irs forms instructions 1040ez   If you have net self-employment income and are subject to self-employment tax, file one of the following with the United States. Irs forms instructions 1040ez If you are required to file Form 1040 with the United States, complete Schedule SE (Form 1040) and attach it to your Form 1040. Irs forms instructions 1040ez If you are not required to file Form 1040 with the United States and you are a bona fide resident of American Samoa, the CNMI, Guam, Puerto Rico, or the USVI, file Form 1040-SS. Irs forms instructions 1040ez If you are a resident of Puerto Rico, you can file the Spanish-language Form 1040-PR instead. Irs forms instructions 1040ez Do not file forms 1040-SS or 1040-PR with Form 1040. Irs forms instructions 1040ez If you are required to pay Additional Medicare Tax (discussed later) on your self-employment income, attach Form 8959, Additional Medicare Tax to Form 1040, Form 1040-SS, or Form 1040-PR, as applicable. Irs forms instructions 1040ez Chapter 11 Bankruptcy cases. Irs forms instructions 1040ez   While you are a debtor in a chapter 11 bankruptcy case, your net profit or loss from self-employment will be included on the income tax return (Form 1041, U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez Income Tax Return for Estates and Trusts) of the bankruptcy estate. Irs forms instructions 1040ez However, you—not the bankruptcy estate—are responsible for paying self-employment tax on your net earnings from self-employment. Irs forms instructions 1040ez   Use Schedule SE (Form 1040), Form 1040-SS, or Form 1040-PR, as determined above, to figure your correct amount of self-employment tax. Irs forms instructions 1040ez   For other reporting requirements, see Chapter 11 Bankruptcy Cases in the Instructions for Form 1040. Irs forms instructions 1040ez Additional Medicare Tax Beginning in 2013, a 0. Irs forms instructions 1040ez 9% Additional Medicare Tax applies to Medicare wages, railroad retirement (RRTA) compensation, and self-employment income that are more than: $125,000 if married filing separately, $250,000 if married filing jointly, or $200,000 if single, head of household, or qualifying widow(er). Irs forms instructions 1040ez Medicare wages and self-employment income are combined to determine if income exceeds the threshold. Irs forms instructions 1040ez A self-employment loss should not be considered for purposes of this tax. Irs forms instructions 1040ez RRTA compensation should be separately compared to the threshold. Irs forms instructions 1040ez Your employer is responsible for withholding the 0. Irs forms instructions 1040ez 9% Additional Medicare Tax on Medicare wages or RRTA compensation it pays to you in excess of $200,000. Irs forms instructions 1040ez You should consider this withholding, if applicable, in determining whether you need to make estimated tax payments. Irs forms instructions 1040ez There are no special rules for U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez citizens and nonresident aliens living abroad for purposes of this provision. Irs forms instructions 1040ez Wages, RRTA compensation, and self-employment income that are subject to Medicare tax will also be subject to Additional Medicare Tax if in excess of the applicable threshold. Irs forms instructions 1040ez For more information, see Form 8959, Additional Medicare Tax, and its instructions or visit www. Irs forms instructions 1040ez irs. Irs forms instructions 1040ez gov and enter the following words in the search box: Additional Medicare Tax. Irs forms instructions 1040ez You cannot include the Additional Medicare Tax as a deductible part of your self-employment tax. Irs forms instructions 1040ez Net Investment Income Tax Beginning in 2013, the Net Investment Income Tax (NIIT) imposes a 3. Irs forms instructions 1040ez 8% tax on the lesser of an individual’s net investment income or the excess of the individual’s modified adjusted gross income over a specified threshold amount. Irs forms instructions 1040ez Bona fide residents of Puerto Rico and American Samoa who may have a federal income tax return filing obligation may be liable for the NIIT if the taxpayer’s modified adjusted gross income from non-territory sources exceeds a specified threshold amount. Irs forms instructions 1040ez The NIIT does not apply to any individual who is a nonresident alien with respect to the United States. Irs forms instructions 1040ez Bona fide residents must take into account any additional tax liability associated with the NIIT when calculating your estimated tax payments. Irs forms instructions 1040ez Forms to file. Irs forms instructions 1040ez   If you are a bona fide resident of American Samoa and Puerto Rico and you are required to pay the NIIT, you must file Form 1040 with the United States and attach Form 8960, Net Investment Income Tax—Individuals, Estates, and Trusts. Irs forms instructions 1040ez For more information, see Form 8960 and its instructions. Irs forms instructions 1040ez Paying Your Taxes You may find that not all of your income tax has been paid through withholding by either the United States or the possession. Irs forms instructions 1040ez This is often true if you have income that is not subject to withholding, such as self-employment, interest, or rental income. Irs forms instructions 1040ez In this situation, you may need to make estimated tax payments. Irs forms instructions 1040ez Estimated Tax If your estimated income tax obligation is to the United States, use the worksheet in the Form 1040-ES package to figure your estimated tax, including self-employment tax. Irs forms instructions 1040ez Include the Additional Medicare Tax and Net Investment Income Tax if applicable. Irs forms instructions 1040ez If you are paying by check or money order, use the payment vouchers in the Form 1040-ES package. Irs forms instructions 1040ez Or, you can make your payments electronically and not have to file any paper forms. Irs forms instructions 1040ez See the Form 1040-ES instructions for information on making payments. Irs forms instructions 1040ez Double Taxation Mutual agreement procedures exist to settle issues where there is inconsistent tax treatment between the IRS and the taxing authorities of the following possessions. Irs forms instructions 1040ez American Samoa. Irs forms instructions 1040ez The Commonwealth of Puerto Rico. Irs forms instructions 1040ez The Commonwealth of the Northern Mariana Islands. Irs forms instructions 1040ez Guam. Irs forms instructions 1040ez The U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez Virgin Islands. Irs forms instructions 1040ez These issues usually involve allocations of income, deductions, credits, or allowances between related persons; determinations of residency; and determinations of the source of income and related expenses. Irs forms instructions 1040ez Competent Authority Assistance The tax coordination agreements between the United States and the possession tax departments contain provisions allowing the competent authorities of the United States and the relevant possession to resolve, by mutual agreement, inconsistent tax treatment by the two jurisdictions. Irs forms instructions 1040ez How to make your request. Irs forms instructions 1040ez   Your request for competent authority assistance must include all the information listed in Revenue Procedure 2006-23, 2006-20 I. Irs forms instructions 1040ez R. Irs forms instructions 1040ez B. Irs forms instructions 1040ez 900 available at www. Irs forms instructions 1040ez irs. Irs forms instructions 1040ez gov/pub/irs-irbs/irb06-49. Irs forms instructions 1040ez pdf. Irs forms instructions 1040ez    Also, see Notice 2013-78, which provides proposed updates to the procedures for requesting U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez competent authority assistance under tax treaties. Irs forms instructions 1040ez As noted, an update to Revenue Procedure 2006-23 will be published in the future. Irs forms instructions 1040ez   Your request must be in the form of a letter addressed to the Deputy Commissioner (International) LB&I. Irs forms instructions 1040ez It must contain a statement that competent authority assistance is requested under the mutual agreement procedure with the possession. Irs forms instructions 1040ez You (or a person having authority to sign your federal return) must sign and date the request. Irs forms instructions 1040ez    Send your written request for U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez assistance under this procedure to:   Deputy Commissioner (International) Large Business and International Division Internal Revenue Service 1111 Constitution Avenue, N. Irs forms instructions 1040ez W. Irs forms instructions 1040ez  Routing: M4-365 Washington, DC 20224 (Attention: TAIT) Nonresident aliens generally must present their initial request for assistance to the relevant possession tax agency. Irs forms instructions 1040ez Credit or Refund In addition to the tax assistance request, if you seek a credit or refund of any overpayment of U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez tax paid on the income in question, you should file a claim on Form 1040X, Amended U. Irs forms instructions 1040ez S. Irs forms instructions 1040ez Individual Income Tax Return. Irs forms instructions 1040ez Indicate on the form that a request for assistance under the mutual agreement procedure with the possession has been filed. Irs forms instructions 1040ez Attach a copy of the request to the form. Irs forms instructions 1040ez Also, you should take whatever steps must be taken under the possession tax code to prevent the expiration of the statutory period for filing a claim for credit or refund of a possession tax. Irs forms instructions 1040ez See Revenue Procedure 2006-54 (or its successor), section 9, for complete information. Irs forms instructions 1040ez Prev  Up  Next   Home   More Online Publications