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Tax Forms Ez

Tax forms ez Publication 536 - Main Content Table of Contents NOL Steps How To Figure an NOLNonbusiness deductions (line 6). Tax forms ez Nonbusiness income (line 7). Tax forms ez Nonbusiness capital losses. Tax forms ez Business capital losses. Tax forms ez Illustrated Form 1045, Schedule A When To Use an NOLExceptions to 2-Year Carryback Rule Waiving the Carryback Period How To Carry an NOL Back or Forward How To Claim an NOL DeductionDeducting a Carryback Deducting a Carryforward Change in Marital Status Change in Filing Status Illustrated Form 1045 How To Figure an NOL CarryoverIllustrated Form 1045, Schedule B NOL Carryover From 2013 to 2014Worksheet Instructions How To Get Tax HelpLow Income Taxpayer Clinics NOL Steps Follow Steps 1 through 5 to figure and use your NOL. Tax forms ez Step 1. Tax forms ez   Complete your tax return for the year. Tax forms ez You may have an NOL if a negative figure appears on the line below: Individuals — Form 1040, line 41, or Form 1040NR, line 39. Tax forms ez Estates and trusts — Form 1041, line 22. Tax forms ez   If the amount on that line is not negative, stop here — you do not have an NOL. Tax forms ez Step 2. Tax forms ez   Determine whether you have an NOL and its amount. Tax forms ez See How To Figure an NOL , later. Tax forms ez If you do not have an NOL, stop here. Tax forms ez Step 3. Tax forms ez   Decide whether to carry the NOL back to a past year or to waive the carryback period and instead carry the NOL forward to a future year. Tax forms ez See When To Use an NOL , later. Tax forms ez Step 4. Tax forms ez   Deduct the NOL in the carryback or carryforward year. Tax forms ez See How To Claim an NOL Deduction , later. Tax forms ez If your NOL deduction is equal to or less than your taxable income without the deduction, stop here — you have used up your NOL. Tax forms ez Step 5. Tax forms ez   Determine the amount of your unused NOL. Tax forms ez See How To Figure an NOL Carryover , later. Tax forms ez Carry over the unused NOL to the next carryback or carryforward year and begin again at Step 4. Tax forms ez Note. Tax forms ez   If your NOL deduction includes more than one NOL amount, apply Step 5 separately to each NOL amount, starting with the amount from the earliest year. Tax forms ez How To Figure an NOL If your deductions for the year are more than your income for the year, you may have an NOL. Tax forms ez There are rules that limit what you can deduct when figuring an NOL. Tax forms ez In general, the following items are not allowed when figuring an NOL. Tax forms ez Any deduction for personal exemptions. Tax forms ez Capital losses in excess of capital gains. Tax forms ez The section 1202 exclusion of the gain from the sale or exchange of qualified small business stock. Tax forms ez Nonbusiness deductions in excess of nonbusiness income. Tax forms ez The net operating loss deduction. Tax forms ez The domestic production activities deduction. Tax forms ez Form 1045, Schedule A. Tax forms ez   Use Form 1045, Schedule A, to figure an NOL. Tax forms ez The following discussion explains Schedule A and includes an illustrated example. Tax forms ez   First, complete Form 1045, Schedule A, line 1, using amounts from your return. Tax forms ez If line 1 is a negative amount, you may have an NOL. Tax forms ez   Next, complete the rest of Form 1045, Schedule A, to figure your NOL. Tax forms ez Nonbusiness deductions (line 6). Tax forms ez   Enter on line 6 deductions that are not connected to your trade or business or your employment. Tax forms ez Examples of deductions not related to your trade or business are: Alimony paid, Deductions for contributions to an IRA or a self-employed retirement plan, Health savings account deduction, Archer medical savings account deduction, Most itemized deductions (except for casualty and theft losses, state income tax on trade and business income, and any employee business expenses), and The standard deduction. Tax forms ez   Do not include on line 6 the deduction for personal exemptions for you, your spouse, or your dependents. Tax forms ez   Do not enter business deductions on line 6. Tax forms ez These are deductions that are connected to your trade or business. Tax forms ez They include the following. Tax forms ez State income tax on income attributable to trade or business (including wages, salary, and unemployment compensation). Tax forms ez Moving expenses. Tax forms ez Educator expenses. Tax forms ez The deduction for the deductible part of self-employed health insurance. Tax forms ez Domestic production activities deduction. Tax forms ez Rental losses. Tax forms ez Loss on the sale or exchange of business real estate or depreciable property. Tax forms ez Your share of a business loss from a partnership or an S corporation. Tax forms ez Ordinary loss on the sale or exchange of stock in a small business corporation or a small business investment company. Tax forms ez If you itemize your deductions, casualty and theft losses (even if they involve nonbusiness property) and employee business expenses (such as union dues, uniforms, tools, education expenses, and travel and transportation expenses). Tax forms ez Loss on the sale of accounts receivable (if you use an accrual method of accounting). Tax forms ez Interest and litigation expenses on state and federal income taxes related to your business. Tax forms ez Unrecovered investment in a pension or annuity claimed on a decedent's final return. Tax forms ez Payment by a federal employee to buy back sick leave used in an earlier year. Tax forms ez Nonbusiness income (line 7). Tax forms ez   Enter on line 7 only income that is not related to your trade or business or your employment. Tax forms ez For example, enter your annuity income, dividends, and interest on investments. Tax forms ez Also, include your share of nonbusiness income from partnerships and S corporations. Tax forms ez   Do not include on line 7 the income you receive from your trade or business or your employment. Tax forms ez This includes salaries and wages, self-employment income, unemployment compensation included in your gross income, and your share of business income from partnerships and S corporations. Tax forms ez Also, do not include rental income or ordinary gain from the sale or other disposition of business real estate or depreciable business property. Tax forms ez Adjustment for section 1202 exclusion (line 17). Tax forms ez   Enter on line 17 any gain you excluded under section 1202 on the sale or exchange of qualified small business stock. Tax forms ez Adjustments for capital losses (lines 19–22). Tax forms ez   The amount deductible for capital losses is limited based on whether the losses are business capital losses or nonbusiness capital losses. Tax forms ez Nonbusiness capital losses. Tax forms ez   You can deduct your nonbusiness capital losses (line 2) only up to the amount of your nonbusiness capital gains without regard to any section 1202 exclusion (line 3). Tax forms ez If your nonbusiness capital losses are more than your nonbusiness capital gains without regard to any section 1202 exclusion, you cannot deduct the excess. Tax forms ez Business capital losses. Tax forms ez   You can deduct your business capital losses (line 11) only up to the total of: Your nonbusiness capital gains that are more than the total of your nonbusiness capital losses and excess nonbusiness deductions (line 10), and Your total business capital gains without regard to any section 1202 exclusion (line 12). Tax forms ez Domestic production activities deduction (line 23). Tax forms ez   You cannot take the domestic production activities deduction when figuring your NOL. Tax forms ez Enter on line 23 any domestic production activities deduction claimed on your return. Tax forms ez NOLs from other years (line 24). Tax forms ez   You cannot deduct any NOL carryovers or carrybacks from other years. Tax forms ez Enter the total amount of your NOL deduction for losses from other years. Tax forms ez Illustrated Form 1045, Schedule A The following example illustrates how to figure an NOL. Tax forms ez It includes filled-in pages 1 and 2 of Form 1040 and Form 1045, Schedule A. Tax forms ez Example. Tax forms ez Glenn Johnson is in the retail record business. Tax forms ez He is single and has the following income and deductions on his Form 1040 for 2013. Tax forms ez See the illustrated Form 1040 , later. Tax forms ez INCOME   Wages from part-time job $1,225 Interest on savings 425 Net long-term capital gain on sale of real estate used in business 2,000 Glenn's total income $3,650 DEDUCTIONS   Net loss from business (gross income of $67,000 minus expenses of $72,000) $5,000 Net short-term capital loss on sale of stock 1,000 Standard deduction 6,100 Personal exemption 3,900 Glenn's total deductions $16,000 Glenn's deductions exceed his income by $12,350 ($16,000 − $3,650). Tax forms ez However, to figure whether he has an NOL, certain deductions are not allowed. Tax forms ez He uses Form 1045, Schedule A, to figure his NOL. Tax forms ez See the Illustrated Form 1045, Schedule A , later. Tax forms ez The following items are not allowed on Form 1045, Schedule A. Tax forms ez Nonbusiness net short-term capital loss $1,000 Nonbusiness deductions (standard deduction, $6,100) minus nonbusiness income (interest, $425) 5,675 Deduction for personal exemption 3,900 Total adjustments to net loss $10,575     Therefore, Glenn's NOL for 2013 is figured as follows: Glenn's total 2013 income $3,650 Less:     Glenn's original 2013 total deductions $16,000   Reduced by the disallowed items − 10,575 − 5,425 Glenn's NOL for 2013 $1,775 This image is too large to be displayed in the current screen. Tax forms ez Please click the link to view the image. Tax forms ez Form 1040, page 1 This image is too large to be displayed in the current screen. Tax forms ez Please click the link to view the image. Tax forms ez Form 1040, page 2 This image is too large to be displayed in the current screen. Tax forms ez Please click the link to view the image. Tax forms ez Form 1045, page 2 When To Use an NOL Generally, if you have an NOL for a tax year ending in 2013, you must carry back the entire amount of the NOL to the 2 tax years before the NOL year (the carryback period), and then carry forward any remaining NOL for up to 20 years after the NOL year (the carryforward period). Tax forms ez You can, however, choose not to carry back an NOL and only carry it forward. Tax forms ez See Waiving the Carryback Period , later. Tax forms ez You cannot deduct any part of the NOL remaining after the 20-year carryforward period. Tax forms ez NOL year. Tax forms ez   This is the year in which the NOL occurred. Tax forms ez Exceptions to 2-Year Carryback Rule Eligible losses, farming losses, qualified disaster losses, and specified liability losses, all defined next, qualify for longer carryback periods. Tax forms ez Eligible loss. Tax forms ez   The carryback period for eligible losses is 3 years. Tax forms ez Only the eligible loss portion of the NOL can be carried back 3 years. Tax forms ez An eligible loss is any part of an NOL that: Is from a casualty or theft, or Is attributable to a federally declared disaster for a qualified small business or certain qualified farming businesses. Tax forms ez Qualified small business. Tax forms ez   A qualified small business is a sole proprietorship or a partnership that has average annual gross receipts (reduced by returns and allowances) of $5 million or less during the 3-year period ending with the tax year of the NOL. Tax forms ez If the business did not exist for this entire 3-year period, use the period the business was in existence. Tax forms ez   An eligible loss does not include a farming loss or a qualified disaster loss. Tax forms ez Farming loss. Tax forms ez   The carryback period for a farming loss is 5 years. Tax forms ez Only the farming loss portion of the NOL can be carried back 5 years. Tax forms ez A farming loss is the smaller of: The amount that would be the NOL for the tax year if only income and deductions attributable to farming businesses were taken into account, or The NOL for the tax year. Tax forms ez Farming business. Tax forms ez   A farming business is a trade or business involving cultivation of land or the raising or harvesting of any agricultural or horticultural commodity. Tax forms ez A farming business can include operating a nursery or sod farm or raising or harvesting most ornamental trees or trees bearing fruit, nuts, or other crops. Tax forms ez The raising, shearing, feeding, caring for, training, and management of animals is also considered a farming business. Tax forms ez   A farming business does not include contract harvesting of an agricultural or horticultural commodity grown or raised by someone else. Tax forms ez It also does not include a business in which you merely buy or sell plants or animals grown or raised entirely by someone else. Tax forms ez Waiving the 5-year carryback. Tax forms ez   You can choose to figure the carryback period for a farming loss without regard to the special 5-year carryback rule. Tax forms ez To make this choice for 2013, attach to your 2013 income tax return filed by the due date (including extensions) a statement that you are choosing to treat any 2013 farming losses without regard to the special 5-year carryback rule. Tax forms ez If you filed your original return on time but did not file the statement with it, you can make this choice on an amended return filed within 6 months after the due date of the return (excluding extensions). Tax forms ez Attach an election statement to your amended return, and write “Filed pursuant to section 301. Tax forms ez 9100-2” at the top of the statement. Tax forms ez Once made, this choice is irrevocable. Tax forms ez Qualified disaster loss. Tax forms ez   The carryback period for a qualified disaster loss is 5 years. Tax forms ez Only the qualified disaster loss portion of the NOL can be carried back 5 years. Tax forms ez A qualified disaster loss is the smaller of: The sum of: Any losses attributable to a federally declared disaster and occurring before January 1, 2010, in the disaster area, plus Any allowable qualified disaster expenses (even if you did not choose to treat those expenses as deductions in the current year), or The NOL for the tax year. Tax forms ez Qualified disaster expenses. Tax forms ez   A qualified disaster expense is any capital expense paid or incurred in connection with a trade or business or with business-related property which is: For the abatement or control of hazardous substances that were released as a result of a federally declared disaster occurring before January 1, 2010, For the removal of debris from, or the demolition of structures on, real property which is business-related property damaged or destroyed as a result of a federally declared disaster occurring before January 1, 2010, or For the repair of business-related property damaged as a result of a federally declared disaster occurring before January 1, 2010. Tax forms ez Business-related property is property held for use in a trade or business, property held for the production of income, or inventory property. Tax forms ez Note. Tax forms ez Section 198A allows taxpayers to treat certain capital expenses (qualified disaster expenses) as deductions in the year the expenses were paid or incurred. Tax forms ez Excluded losses. Tax forms ez   A qualified disaster loss does not include any losses from property used in connection with any private or commercial golf course, country club, massage parlor, hot tub facility, suntan facility, or any store for which the principal business is the sale of alcoholic beverages for consumption off premises. Tax forms ez   A qualified disaster loss also does not include any losses from any gambling or animal racing property. Tax forms ez 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. Tax forms ez Specified liability loss. Tax forms ez   The carryback period for a specified liability loss is 10 years. Tax forms ez Only the specified liability loss portion of the NOL can be carried back 10 years. Tax forms ez Generally, a specified liability loss is a loss arising from: Product liability and expenses incurred in the investigation or settlement of, or opposition to, product liability claims, or An act (or failure to act) that occurred at least 3 years before the beginning of the loss year and resulted in a liability under a federal or state law requiring: Reclamation of land, Dismantling of a drilling platform, Remediation of environmental contamination, or Payment under any workers compensation act. Tax forms ez   Any loss from a liability arising from (1) through (4) above can be taken into account as a specified liability loss only if you used an accrual method of accounting throughout the period in which the act (or failure to act) occurred. Tax forms ez For details, see section 172(f). Tax forms ez Waiving the 10-year carryback. Tax forms ez   You can choose to figure the carryback period for a specified liability loss without regard to the special 10-year carryback rule. Tax forms ez To make this choice for 2013 attach to your 2013 income tax return filed by the due date (including extensions) a statement that you are choosing to treat any 2013 specified liability losses without regard to the special 10-year carryback rule. Tax forms ez If you filed your original return on time but did not file the statement with it, you can make this choice on an amended return filed within 6 months after the due date of the return (excluding extensions). Tax forms ez Attach a statement to your amended return and write “Filed pursuant to section 301. Tax forms ez 9100-2” at the top of the statement. Tax forms ez Once made, this choice is irrevocable. Tax forms ez Waiving the Carryback Period You can choose not to carry back your NOL. Tax forms ez If you make this choice, then you can use your NOL only in the 20-year carryforward period. Tax forms ez (This choice means you also choose not to carry back any alternative tax NOL. Tax forms ez ) To make this choice, attach a statement to your original return filed by the due date (including extensions) for the NOL year. Tax forms ez This statement must show that you are choosing to waive the carryback period under section 172(b)(3). Tax forms ez If you filed your original return on time but did not file the statement with it, you can make this choice on an amended return filed within 6 months of the due date of the return (excluding extensions). Tax forms ez Attach a statement to your amended return, and write “Filed pursuant to section 301. Tax forms ez 9100-2” at the top of the statement. Tax forms ez Once you choose to waive the carryback period, it generally is irrevocable. Tax forms ez If you choose to waive the carryback period for more than one NOL, you must make a separate choice and attach a separate statement for each NOL year. Tax forms ez If you do not file this statement on time, you cannot waive the carryback period. Tax forms ez How To Carry an NOL Back or Forward If you choose to carry back the NOL, you must first carry the entire NOL to the earliest carryback year. Tax forms ez If your NOL is not used up, you can carry the rest to the next earliest carryback year, and so on. Tax forms ez If you waive the carryback period or do not use up the NOL in the carryback period, carry forward what remains of the NOL to the 20 tax years following the NOL year. Tax forms ez Start by carrying it to the first tax year after the NOL year. Tax forms ez If you do not use it up, carry the unused part to the next year. Tax forms ez Continue to carry any unused part of the NOL forward until the NOL is used up or you complete the 20-year carryforward period. Tax forms ez Example 1. Tax forms ez You started your business as a sole proprietor in 2013 and had a $42,000 NOL for the year. Tax forms ez No part of the NOL qualifies for the 3-year, 5-year, or 10-year carryback. Tax forms ez You begin using your NOL in 2011, the second year before the NOL year, as shown in the following chart. Tax forms ez Year   Carryback/  Carryover Unused  Loss 2011 $42,000 $40,000 2012 40,000 37,000 2013 (NOL year)     2014 37,000 31,500 2015 31,500 22,500 2016 22,500 12,700 2017 12,700 4,000 2018 4,000 -0- If your loss were larger, you could carry it forward until the year 2033. Tax forms ez If you still had an unused 2013 carryforward after the year 2033, you would not be allowed to deduct it. Tax forms ez Example 2. Tax forms ez Assume the same facts as in Example 1 , except that $4,000 of the NOL is attributable to a casualty loss and this loss qualifies for a 3-year carryback period. Tax forms ez You begin using the $4,000 in 2010. Tax forms ez As shown in the following chart, $3,000 of this NOL is used in 2010. Tax forms ez The remaining $1,000 is carried to 2011 with the $38,000 NOL that you must begin using in 2011. Tax forms ez Year   Carryback/  Carryover Unused  Loss 2010 $4,000 $1,000 2011 39,000 37,000 2012 37,000 34,000 2013 (NOL year)     2014 34,000 28,500 2015 28,500 19,500 2016 19,500 9,700 2017 9,700 1,000 2018 1,000 -0- How To Claim an NOL Deduction If you have not already carried the NOL to an earlier year, your NOL deduction is the total NOL. Tax forms ez If you carried the NOL to an earlier year, your NOL deduction is the carried over NOL minus the NOL amount you used in the earlier year or years. Tax forms ez If you carry more than one NOL to the same year, your NOL deduction is the total of these carrybacks and carryovers. Tax forms ez NOL resulting in no taxable income. Tax forms ez   If your NOL is more than the taxable income of the year you carry it to (figured before deducting the NOL), you generally will have an NOL carryover to the next year. Tax forms ez See How To Figure an NOL Carryover , later, to determine how much NOL you have used and how much you carry to the next year. Tax forms ez Deducting a Carryback If you carry back your NOL, you can use either Form 1045 or Form 1040X. Tax forms ez You can get your refund faster by using Form 1045, but you have a shorter time to file it. Tax forms ez You can use Form 1045 to apply an NOL to all carryback years. Tax forms ez If you use Form 1040X, you must use a separate Form 1040X for each carryback year to which you apply the NOL. Tax forms ez Estates and trusts that do not file Form 1045 must file an amended Form 1041 (instead of Form 1040X) for each carryback year to which NOLs are applied. Tax forms ez Use a copy of the appropriate year's Form 1041, check the “Amended return” box, and follow the Form 1041 instructions for amended returns. Tax forms ez Include the NOL deduction with other deductions not subject to the 2% limit (line 15a). Tax forms ez Also, see the special procedures for filing an amended return due to an NOL carryback, explained under Form 1040X , later. Tax forms ez Form 1045. Tax forms ez   You can apply for a quick refund by filing Form 1045. Tax forms ez This form results in a tentative adjustment of tax in the carryback year. Tax forms ez See the Illustrated Form 1045 . Tax forms ez at the end of this discussion. Tax forms ez   If the IRS refunds or credits an amount to you from Form 1045 and later determines that the refund or credit is too much, the IRS may assess and collect the excess immediately. Tax forms ez   Generally, you must file Form 1045 on or after the date you file your tax return for the NOL year, but not later than one year after the end of the NOL year. Tax forms ez If the last day of the NOL year falls on a Saturday, Sunday, or holiday, the form will be considered timely if postmarked on the next business day. Tax forms ez For example, if you are a calendar year taxpayer with a carryback from 2013 to 2011, you must file Form 1045 on or after the date you file your tax return for 2013, but no later than December 31, 2014. Tax forms ez Form 1040X. Tax forms ez   If you do not file Form 1045, you can file Form 1040X to get a refund of tax because of an NOL carryback. Tax forms ez File Form 1040X within 3 years after the due date, including extensions, for filing the return for the NOL year. Tax forms ez For example, if you are a calendar year taxpayer and filed your 2011 return by the April 15, 2012, due date, you must file a claim for refund of 2008 tax because of an NOL carryback from 2011 by April 15, 2015. Tax forms ez   Attach a computation of your NOL using Form 1045, Schedule A, and, if it applies, your NOL carryover using Form 1045, Schedule B, discussed later . Tax forms ez Refiguring your tax. Tax forms ez   To refigure your total tax liability for a carryback year, first refigure your adjusted gross income for that year. Tax forms ez (On Form 1045, use lines 10 and 11 and the “After carryback” column for the applicable carryback year. Tax forms ez ) Use your adjusted gross income after applying the NOL deduction to refigure income or deduction items that are based on, or limited to, a percentage of your adjusted gross income. Tax forms ez Refigure the following items. Tax forms ez The special allowance for passive activity losses from rental real estate activities. Tax forms ez Taxable social security and tier 1 railroad retirement benefits. Tax forms ez IRA deductions. Tax forms ez Excludable savings bond interest. Tax forms ez Excludable employer-provided adoption benefits. Tax forms ez The student loan interest deduction. Tax forms ez The tuition and fees deduction. Tax forms ez   If more than one of these items apply, refigure them in the order listed above, using your adjusted gross income after applying the NOL deduction and any previous item. Tax forms ez (Enter your NOL deduction on Form 1045, line 10. Tax forms ez On line 11, using the “After carryback” column, enter your adjusted gross income refigured after applying the NOL deduction and after refiguring any above items. Tax forms ez )   Next, refigure your taxable income. Tax forms ez (On Form 1045, use lines 12 through 15 and the “After carryback” column. Tax forms ez ) Use your refigured adjusted gross income (Form 1045, line 11, using the “After carryback” column) to refigure certain deductions and other items that are based on or limited to a percentage of your adjusted gross income. Tax forms ez Refigure the following items. Tax forms ez The itemized deduction for medical expenses. Tax forms ez The itemized deduction for qualified mortgage insurance premiums. Tax forms ez The itemized deduction for casualty losses. Tax forms ez Miscellaneous itemized deductions subject to the 2% limit. Tax forms ez The overall limit on itemized deductions (do not apply to carryback years beginning after December 31, 2009). Tax forms ez The phaseout of the deduction for exemptions (do not apply to carryback years beginning after December 31, 2009). Tax forms ez Qualified motor vehicle tax (do not apply to carryback years beginning after December 31, 2009). Tax forms ez    Do not refigure the itemized deduction for charitable contributions. Tax forms ez   Finally, use your refigured taxable income (Form 1045, line 15, using the “After carryback” column) to refigure your total tax liability. Tax forms ez Refigure your income tax, your alternative minimum tax, and any credits that are based on or limited by your adjusted gross income (AGI), modified adjusted gross income (MAGI), or tax liability. Tax forms ez (On Form 1045, use lines 16 through 25, and the “After carryback” column. Tax forms ez ) The earned income credit, for example, may be affected by changes to adjusted gross income or the amount of tax (or both) and, therefore, must be recomputed. Tax forms ez If you become eligible for a credit because of the carryback, complete the form for that specific credit (such as the EIC Worksheet) for that year. Tax forms ez   While it is necessary to refigure your income tax, alternative minimum tax, and credits, do not refigure your self-employment tax. Tax forms ez Deducting a Carryforward If you carry forward your NOL to a tax year after the NOL year, list your NOL deduction as a negative figure on the “Other income” line of Form 1040 or Form 1040NR (line 21 for 2013). Tax forms ez Estates and trusts include an NOL deduction on Form 1041 with other deductions not subject to the 2% limit (line 15a for 2013). Tax forms ez You must attach a statement that shows all the important facts about the NOL. Tax forms ez Your statement should include a computation showing how you figured the NOL deduction. Tax forms ez If you deduct more than one NOL in the same year, your statement must cover each of them. Tax forms ez Change in Marital Status If you and your spouse were not married to each other in all years involved in figuring NOL carrybacks and carryovers, only the spouse who had the loss can take the NOL deduction. Tax forms ez If you file a joint return, the NOL deduction is limited to the income of that spouse. Tax forms ez For example, if your marital status changes because of death or divorce, and in a later year you have an NOL, you can carry back that loss only to the part of the income reported on the joint return (filed with your former spouse) that was related to your taxable income. Tax forms ez After you deduct the NOL in the carryback year, the joint rates apply to the resulting taxable income. Tax forms ez Refund limit. Tax forms ez   If you are not married in the NOL year (or are married to a different spouse), and in the carryback year you were married and filed a joint return, your refund for the overpaid joint tax may be limited. Tax forms ez You can claim a refund for the difference between your share of the refigured tax and your contribution toward the tax paid on the joint return. Tax forms ez The refund cannot be more than the joint overpayment. Tax forms ez Attach a statement showing how you figured your refund. Tax forms ez Figuring your share of a joint tax liability. Tax forms ez   There are five steps for figuring your share of the refigured joint tax liability. Tax forms ez Figure your total tax as though you had filed as married filing separately. Tax forms ez Figure your spouse's total tax as though your spouse had also filed as married filing separately. Tax forms ez Add the amounts in (1) and (2). Tax forms ez Divide the amount in (1) by the amount in (3). Tax forms ez Multiply the refigured tax on your joint return by the amount figured in (4). Tax forms ez This is your share of the joint tax liability. Tax forms ez Figuring your contribution toward tax paid. Tax forms ez   Unless you have an agreement or clear evidence of each spouse's contributions toward the payment of the joint tax liability, figure your contribution by adding the tax withheld on your wages and your share of joint estimated tax payments or tax paid with the return. Tax forms ez If the original return for the carryback year resulted in an overpayment, reduce your contribution by your share of the tax refund. Tax forms ez Figure your share of a joint payment or refund by the same method used in figuring your share of the joint tax liability. Tax forms ez Use your taxable income as originally reported on the joint return in steps (1) and (2) above, and substitute the joint payment or refund for the refigured joint tax in step (5). Tax forms ez Change in Filing Status If you and your spouse were married and filed a joint return for each year involved in figuring NOL carrybacks and carryovers, figure the NOL deduction on a joint return as you would for an individual. Tax forms ez However, treat the NOL deduction as a joint NOL. Tax forms ez If you and your spouse were married and filed separate returns for each year involved in figuring NOL carrybacks and carryovers, the spouse who sustained the loss may take the NOL deduction on a separate return. Tax forms ez Special rules apply for figuring the NOL carrybacks and carryovers of married people whose filing status changes for any tax year involved in figuring an NOL carryback or carryover. Tax forms ez Separate to joint return. Tax forms ez   If you and your spouse file a joint return for a carryback or carryforward year, and were married but filed separate returns for any of the tax years involved in figuring the NOL carryback or carryover, treat the separate carryback or carryover as a joint carryback or carryover. Tax forms ez Joint to separate returns. Tax forms ez   If you and your spouse file separate returns for a carryback or carryforward year, but filed a joint return for any or all of the tax years involved in figuring the NOL carryover, figure each of your carryovers separately. Tax forms ez Joint return in NOL year. Tax forms ez   Figure each spouse's share of the joint NOL through the following steps. Tax forms ez Figure each spouse's NOL as if he or she filed a separate return. Tax forms ez See How To Figure an NOL , earlier. Tax forms ez If only one spouse has an NOL, stop here. Tax forms ez All of the joint NOL is that spouse's NOL. Tax forms ez If both spouses have an NOL, multiply the joint NOL by a fraction, the numerator of which is spouse A's NOL figured in (1) and the denominator of which is the total of the spouses' NOLs figured in (1). Tax forms ez The result is spouse A's share of the joint NOL. Tax forms ez The rest of the joint NOL is spouse B's share. Tax forms ez Example 1. Tax forms ez Mark and Nancy are married and file a joint return for 2013. Tax forms ez They have an NOL of $5,000. Tax forms ez They carry the NOL back to 2011, a year in which Mark and Nancy filed separate returns. Tax forms ez Figured separately, Nancy's 2013 deductions were more than her income, and Mark's income was more than his deductions. Tax forms ez Mark does not have any NOL to carry back. Tax forms ez Nancy can carry back the entire $5,000 NOL to her 2011 separate return. Tax forms ez Example 2. Tax forms ez Assume the same facts as in Example 1 , except that both Mark and Nancy had deductions in 2013 that were more than their income. Tax forms ez Figured separately, his NOL is $1,800 and her NOL is $3,000. Tax forms ez The sum of their separate NOLs ($4,800) is less than their $5,000 joint NOL because his deductions included a $200 net capital loss that is not allowed in figuring his separate NOL. Tax forms ez The loss is allowed in figuring their joint NOL because it was offset by Nancy's capital gains. Tax forms ez Mark's share of their $5,000 joint NOL is $1,875 ($5,000 × $1,800/$4,800) and Nancy's is $3,125 ($5,000 − $1,875). Tax forms ez Joint return in previous carryback or carryforward year. Tax forms ez   If only one spouse had an NOL deduction on the previous year's joint return, all of the joint carryover is that spouse's carryover. Tax forms ez If both spouses had an NOL deduction (including separate carryovers of a joint NOL, figured as explained in the previous discussion ), figure each spouse's share of the joint carryover through the following steps. Tax forms ez Figure each spouse's modified taxable income as if he or she filed a separate return. Tax forms ez See Modified taxable income under How To Figure an NOL Carryover , later. Tax forms ez Multiply the joint modified taxable income you used to figure the joint carryover by a fraction, the numerator of which is spouse A's modified taxable income figured in (1) and the denominator of which is the total of the spouses' modified taxable incomes figured in (1). Tax forms ez This is spouse A's share of the joint modified taxable income. Tax forms ez Subtract the amount figured in (2) from the joint modified taxable income. Tax forms ez This is spouse B's share of the joint modified taxable income. Tax forms ez Reduce the amount figured in (3), but not below zero, by spouse B's NOL deduction. Tax forms ez Add the amounts figured in (2) and (4). Tax forms ez Subtract the amount figured in (5) from spouse A's NOL deduction. Tax forms ez This is spouse A's share of the joint carryover. Tax forms ez The rest of the joint carryover is spouse B's share. Tax forms ez Example. Tax forms ez Sam and Wanda filed a joint return for 2011 and separate returns for 2012 and 2013. Tax forms ez In 2013, Sam had an NOL of $18,000 and Wanda had an NOL of $2,000. Tax forms ez They choose to carry back both NOLs 2 years to their 2011 joint return and claim a $20,000 NOL deduction. Tax forms ez Their joint modified taxable income (MTI) for 2011 is $15,000, and their joint NOL carryover to 2012 is $5,000 ($20,000 – $15,000). Tax forms ez Sam and Wanda each figure their separate MTI for 2011 as if they had filed separate returns. Tax forms ez Then they figure their shares of the $5,000 carryover as follows. Tax forms ez Step 1. Tax forms ez   Sam's separate MTI $9,000 Wanda's separate MTI + 3,000 Total MTI $12,000 Step 2. Tax forms ez   Joint MTI $15,000 Sam's MTI ÷ total MTI ($9,000 ÷ $12,000) × . Tax forms ez 75 Sam's share of joint MTI $11,250 Step 3. Tax forms ez   Joint MTI $15,000 Sam's share of joint MTI − 11,250 Wanda's share of joint MTI $3,750 Step 4. Tax forms ez   Wanda's share of joint MTI $3,750 Wanda's NOL deduction − 2,000 Wanda's remaining share $1,750 Step 5. Tax forms ez   Sam's share of joint MTI $11,250 Wanda's remaining share + 1,750 Joint MTI to be offset $13,000 Step 6. Tax forms ez   Sam's NOL deduction $18,000 Joint MTI to be offset − 13,000 Sam's carryover to 2012 $5,000 Joint carryover to 2012 $5,000 Sam's carryover − 5,000 Wanda's carryover to 2012 $-0- Wanda's $2,000 NOL deduction offsets $2,000 of her $3,750 share of the joint modified taxable income and is completely used up. Tax forms ez She has no carryover to 2012. Tax forms ez Sam's $18,000 NOL deduction offsets all of his $11,250 share of joint modified taxable income and the remaining $1,750 of Wanda's share. Tax forms ez His carryover to 2012 is $5,000. Tax forms ez Illustrated Form 1045 The following example illustrates how to use Form 1045 to claim an NOL deduction in a carryback year. Tax forms ez It includes a filled-in page 1 of Form 1045. Tax forms ez Example. Tax forms ez Martha Sanders is a self-employed contractor. Tax forms ez Martha's 2013 deductions are more than her 2013 income because of a business loss. Tax forms ez She uses Form 1045 to carry back her NOL 2 years and claim an NOL deduction in 2011. Tax forms ez Her filing status in both years was single. Tax forms ez See the filled-in Form 1045 later. Tax forms ez Martha figures her 2013 NOL on Form 1045, Schedule A (not shown). Tax forms ez (For an example using Form 1045, Schedule A, see Illustrated Form 1045, Schedule A under How To Figure an NOL , earlier. Tax forms ez ) She enters the $10,000 NOL from Form 1045, Schedule A, line 25, on Form 1045, line 1a. Tax forms ez Martha completes lines 10 through 25, using the “Before carryback” column under the column for the second preceding tax year ended 12/31/11 on page 1 of Form 1045 using the following amounts from her 2011 return. Tax forms ez 2011 Adjusted gross income $50,000 Itemized deductions:     Medical expenses [$6,000 − ($50,000 × 7. Tax forms ez 5%)] $2,250   State income tax + 2,000   Real estate tax + 4,000   Home mortgage interest + 5,000   Total itemized deductions $13,250 Exemption $3,700 Income tax $4,550 Self-employment tax $6,120   Martha refigures her taxable income for 2011 after carrying back her 2013 NOL as follows: 2011 Adjusted gross income $50,000 Less:     NOL from 2013 −10,000 2011 Adjusted gross income after carryback $40,000 Less:     Itemized deductions:     Medical expenses [$6,000 − ($40,000 × 7. Tax forms ez 5%)] $3,000   State income tax + 2,000   Real estate tax + 4,000   Home mortgage interest + 5,000   Total itemized deductions −14,000 Less:     Exemption − 3,700 2011 Taxable income after carryback $22,300 Martha then completes lines 10 through 25, using the “After carryback” column under the column for the second preceding tax year ended 12/31/11. Tax forms ez On line 10, Martha enters her $10,000 NOL deduction. Tax forms ez Her new adjusted gross income on line 11 is $40,000 ($50,000 − $10,000). Tax forms ez To complete line 12, she must refigure her medical expense deduction using her new adjusted gross income. Tax forms ez Her refigured medical expense deduction is $3,000 [$6,000 − ($40,000 × 7. Tax forms ez 5%)]. Tax forms ez This increases her total itemized deductions to $14,000 [$13,250 + ($3,000 − $2,250)]. Tax forms ez Martha uses her refigured taxable income ($22,300) from line 15, and the tax tables in her 2011 Form 1040 instructions to find her income tax. Tax forms ez She enters the new amount, $2,924, on line 16, and her new total tax liability, $9,044, on line 25. Tax forms ez Martha used up her $10,000 NOL in 2011 so she does not complete a column for the first preceding tax year ended 12/31/2012. Tax forms ez The decrease in tax because of her NOL deduction (line 27) is $1,612. Tax forms ez Martha files Form 1045 after filing her 2013 return, but no later than December 31, 2014. Tax forms ez She mails it to the Internal Revenue Service Center for the place where she lives as shown in the 2013 instructions for Form 1040 and attaches a copy of her 2013 return (including the applicable forms and schedules). Tax forms ez This image is too large to be displayed in the current screen. Tax forms ez Please click the link to view the image. Tax forms ez Form 1045, page 1 How To Figure an NOL Carryover If your NOL is more than your taxable income for the year to which you carry it (figured before deducting the NOL), you may have an NOL carryover. Tax forms ez You must make certain modifications to your taxable income to determine how much NOL you will use up in that year and how much you can carry over to the next tax year. Tax forms ez Your carryover is the excess of your NOL deduction over your modified taxable income for the carryback or carryforward year. Tax forms ez If your NOL deduction includes more than one NOL, apply the NOLs against your modified taxable income in the same order in which you incurred them, starting with the earliest. Tax forms ez Modified taxable income. Tax forms ez   Your modified taxable income is your taxable income figured with the following changes. Tax forms ez You cannot claim an NOL deduction for the NOL carryover you are figuring or for any later NOL. Tax forms ez You cannot claim a deduction for capital losses in excess of your capital gains. Tax forms ez Also, you must increase your taxable income by the amount of any section 1202 exclusion. Tax forms ez You cannot claim the domestic production activities deduction. Tax forms ez You cannot claim a deduction for your exemptions for yourself, your spouse, or dependents. Tax forms ez You must figure any item affected by the amount of your adjusted gross income after making the changes in (1), (2), and (3), above, and certain other changes to your adjusted gross income that result from (1), (2), and (3). Tax forms ez This includes income and deduction items used to figure adjusted gross income (for example, IRA deductions), as well as certain itemized deductions. Tax forms ez To figure a charitable contribution deduction, do not include deductions for NOL carrybacks in the change in (1) but do include deductions for NOL carryforwards from tax years before the NOL year. Tax forms ez   Your taxable income as modified cannot be less than zero. Tax forms ez Form 1045, Schedule B. Tax forms ez   You can use Form 1045, Schedule B, to figure your modified taxable income for carryback years and your carryover from each of those years. Tax forms ez Do not use Form 1045, Schedule B, for a carryforward year. Tax forms ez If your 2013 return includes an NOL deduction from an NOL year before 2013 that reduced your taxable income to zero (to less than zero, if an estate or trust), see NOL Carryover From 2013 to 2014 , later. Tax forms ez Illustrated Form 1045, Schedule B The following example illustrates how to figure an NOL carryover from a carryback year. Tax forms ez It includes a filled-in Form 1045, Schedule B. Tax forms ez Example. Tax forms ez Ida Brown runs a small clothing shop. Tax forms ez In 2013, she has an NOL of $36,000 that she carries back to 2011. Tax forms ez She has no other carrybacks or carryforwards to 2011. Tax forms ez Ida's adjusted gross income in 2011 was $35,000, consisting of her salary of $36,000 minus a $1,000 capital loss deduction. Tax forms ez She is single and claimed only one personal exemption of $3,700. Tax forms ez During that year, she gave $1,450 in charitable contributions. Tax forms ez Her medical expenses were $3,000. Tax forms ez She also deducted $1,650 in taxes and $3,125 in home mortgage interest. Tax forms ez Her deduction for charitable contributions was not limited because her contributions, $1,450, were less than 50% of her adjusted gross income. Tax forms ez The deduction for medical expenses was limited to expenses over 7. Tax forms ez 5% of adjusted gross income (. Tax forms ez 075 × $35,000 = $2,625; $3,000 − $2,625 = $375). Tax forms ez The deductions for taxes and home mortgage interest were not subject to any limits. Tax forms ez She was able to claim $6,600 ($1,450 + $375 + $1,650 + $3,125) in itemized deductions and a personal exemption deduction of $3,700 for 2011. Tax forms ez She had no other deductions in 2011 (except the NOL deduction). Tax forms ez Her taxable income (figured without the NOL deduction) for the year was $24,700. Tax forms ez Ida's adjusted gross income in 2012 was $9,325, consisting of net business income from the clothing shop of $12,325 and a net capital loss of $3,000. Tax forms ez She did not itemize her deductions in 2012. Tax forms ez She deducted the standard deduction of $5,950 and the personal exemption deduction of $3,800. Tax forms ez She had no other deductions in 2012 (other than the NOL deduction). Tax forms ez Her taxable income, therefore, was ($425). Tax forms ez Ida's $36,000 carryback will result in her having 2011 taxable income of zero. Tax forms ez She then completes the column for the second preceding tax year ended 12/31/11 on Form 1045, Schedule B, to figure how much of her NOL she uses up in 2011 and how much she can carry over to 2012. Tax forms ez She completes the column for the first preceding tax year ended 12/31/12. Tax forms ez See the illustrated Form 1045, Schedule B , shown later. Tax forms ez Column 1, line 1. Tax forms ez Ida enters $36,000, her 2013 net operating loss, on line 1. Tax forms ez Column 1, line 2. Tax forms ez She enters $24,700, her 2011 taxable income (figured without the NOL deduction), on line 2. Tax forms ez Column 1, line 3. Tax forms ez Ida enters her net capital loss deduction of $1,000 on line 3. Tax forms ez Column 1, lines 4 and 5. Tax forms ez Ida had no section 1202 exclusion or domestic production activities deduction in 2011. Tax forms ez She enters zero on lines 4 and 5. Tax forms ez Column 1, line 6. Tax forms ez Although Ida's entry on line 3 modifies her adjusted gross income, that does not affect any other items included in her adjusted gross income. Tax forms ez Ida enters zero on line 6. Tax forms ez Column 1, line 7. Tax forms ez Ida had itemized deductions and entered $1,000 on line 3, so she completes lines 11 through 38 to figure her adjustment to itemized deductions. Tax forms ez On line 7, she enters the total adjustment from line 38. Tax forms ez Column 1, line 8. Tax forms ez Ida enters the deduction for her personal exemption of $3,700 for 2011. Tax forms ez Column 1, line 9. Tax forms ez After combining lines 2 through 8, Ida's modified taxable income is $29,475. Tax forms ez Column 1, line 10. Tax forms ez Ida figures her carryover to 2012 by subtracting her modified taxable income (line 9) from her NOL deduction (line 1). Tax forms ez She enters the $6,525 carryover on line 10. Tax forms ez She also enters the $6,525 as her NOL deduction for 2012 on Form 1045, page 1, line 10, in the “After carryback” column under the column for the first preceding tax year ended 12/31/12. Tax forms ez (For an illustrated example of page 1 of Form 1045, see Illustrated Form 1045 under How To Claim an NOL Deduction , earlier. Tax forms ez ) Next, Ida completes column 2 for the first preceding tax year ended 12/31/12. Tax forms ez Column 1, line 11. Tax forms ez Ida's adjusted gross income for 2011 was $35,000. Tax forms ez Column 1, line 12. Tax forms ez She adds lines 3 through 6 and enters $1,000 on line 12. Tax forms ez (This is her net capital loss deduction added back, which modifies her adjusted gross income. Tax forms ez ) Column 1, line 13. Tax forms ez Her modified adjusted gross income for 2011 is now $36,000. Tax forms ez Column 1, line 14. Tax forms ez On her 2011 tax return, she deducted $375 as medical expenses. Tax forms ez Column 1, line 15. Tax forms ez Her actual medical expenses were $3,000. Tax forms ez Column 1, line 16. Tax forms ez She multiplies her modified adjusted gross income, $36,000, by . Tax forms ez 075. Tax forms ez She enters $2,700 on line 16. Tax forms ez Column 1, line 17. Tax forms ez She substracts $2,700 from her actual medical expenses, $3,000. Tax forms ez She enters $300 on line 17. Tax forms ez This is her modified medical deduction. Tax forms ez Column 1, line 18. Tax forms ez The difference between her medical deduction and her modified medical deduction is $75. Tax forms ez She enters this on line 18. Tax forms ez Column 1, lines 19 through 21. Tax forms ez Ida had no deduction for qualified mortgage insurance premiums in 2011. Tax forms ez She skips lines 19 and 20 and enters zero on line 21. Tax forms ez Column 1, line 22. Tax forms ez She enters her modified adjusted gross income of $36,000 on line 22. Tax forms ez Column 1, line 23. Tax forms ez She had no other carrybacks to 2011 and enters zero on line 23. Tax forms ez Column 1, line 24. Tax forms ez Her modified adjusted gross income remains $36,000. Tax forms ez Column 1, line 25. Tax forms ez Her actual contributions for 2011 were $1,450, which she enters on line 25. Tax forms ez Column 1, line 26. Tax forms ez She now refigures her charitable contributions based on her modified adjusted gross income. Tax forms ez Her contributions are well below the 50% limit, so she enters $1,450 on line 26. Tax forms ez Column 1, line 27. Tax forms ez The difference is zero. Tax forms ez Column 1, lines 28 through 37. Tax forms ez Ida had no casualty losses or deductions for miscellaneous items in 2011. Tax forms ez She skips lines 28 through 31 and lines 33 through 36. Tax forms ez Ida enters zero on lines 32 and 37. Tax forms ez Column 1, line 38. Tax forms ez She combines lines 18, 21, 27, 32, and 37 and enters $75 on line 38. Tax forms ez She carries this figure to line 7. Tax forms ez Column 2, line 1. Tax forms ez Ida enters $6,525, the carryback of her 2013 NOL to 2012, from column 1, line 10, on line 1. Tax forms ez Column 2, line 2. Tax forms ez She enters ($425), her 2012 taxable income, on line 2. Tax forms ez Column 2, line 3. Tax forms ez Ida enters her net capital loss deduction of $3,000 on line 3. Tax forms ez Column 2, lines 4 and 5. Tax forms ez Ida had no section 1202 exclusion or domestic production activities deduction in 2012. Tax forms ez She enters zero on lines 4 and 5. Tax forms ez Column 2, line 6. Tax forms ez Although Ida's entry on line 3 modifies her adjusted gross income, that does not affect any other items included in her adjusted gross income. Tax forms ez Ida enters zero on line 6. Tax forms ez Column 2, line 7. Tax forms ez Because Ida did not itemize deductions on her 2012 tax return, she enters zero on line 7. Tax forms ez Column 2, line 8. Tax forms ez Ida enters the deduction for her personal exemption of $3,800 for 2012. Tax forms ez Column 2, line 9. Tax forms ez After combining lines 2 through 8, Ida's modified taxable income is $6,375. Tax forms ez Column 2, line 10. Tax forms ez Ida figures her carryforward to 2014 by subtracting her modified taxable income (line 9) from her NOL deduction (line 1). Tax forms ez She enters the $150 carryover on line 10. Tax forms ez This image is too large to be displayed in the current screen. Tax forms ez Please click the link to view the image. Tax forms ez Form 1045, page 3 This image is too large to be displayed in the current screen. Tax forms ez Please click the link to view the image. Tax forms ez Form 1045, page 4 NOL Carryover From 2013 to 2014 If you had an NOL deduction carried forward from a year prior to 2013 that resulted in your having taxable income on your 2013 return of zero (of less than zero, if an estate or trust), complete Table 1 , Worksheet for NOL Carryover From 2013 to 2014, on the following pages. Tax forms ez It will help you figure your NOL to carry to 2014. Tax forms ez Keep the worksheet for your records. Tax forms ez Worksheet Instructions At the top of the worksheet, enter the NOL year for which you are figuring the carryover. Tax forms ez More than one NOL. Tax forms ez   If your 2013 NOL deduction includes amounts for more than one loss year, complete this worksheet only for one loss year. Tax forms ez To determine which year, start with your earliest NOL and subtract each NOL separately from your taxable income figured without the NOL deduction. Tax forms ez Complete this worksheet for the earliest NOL that results in your having taxable income below zero. Tax forms ez Your NOL carryover to 2014 is the total of the amount on line 10 of the worksheet and all later NOL amounts. Tax forms ez Example. Tax forms ez Your taxable income for 2013 is $5,000 without your $9,000 NOL deduction. Tax forms ez Your NOL deduction includes a $2,000 carryover from 2011 and a $7,000 carryover from 2012. Tax forms ez Subtract your 2011 NOL of $2,000 from $5,000. Tax forms ez This gives you taxable income of $3,000. Tax forms ez Your 2011 NOL is now completely used up. Tax forms ez Subtract your $7,000 2012 NOL from $3,000. Tax forms ez This gives you taxable income of ($4,000). Tax forms ez You now complete the worksheet for your 2012 NOL. Tax forms ez Your NOL carryover to 2014 is the unused part of your 2012 NOL from line 10 of the worksheet. Tax forms ez Line 2. Tax forms ez   Treat your NOL deduction for the NOL year entered at the top of the worksheet and later years as a positive amount. Tax forms ez Add it to your negative taxable income (figured without the NOL deduction). Tax forms ez Enter the result on line 2. Tax forms ez Line 6. Tax forms ez   You must refigure the following income and deductions based on adjusted gross income. Tax forms ez The special allowance for passive activity losses from rental real estate activities. Tax forms ez Taxable social security and tier 1 railroad retirement benefits. Tax forms ez IRA deductions. Tax forms ez Excludable savings bond interest. Tax forms ez Excludable employer-provided adoption benefits. Tax forms ez The student loan interest deduction. Tax forms ez The tuition and fees deduction. Tax forms ez   If none of these items apply to you, enter zero on line 6. Tax forms ez Otherwise, increase your adjusted gross income by the total of lines 3 through 5 and your NOL deduction for the NOL year entered at the top of the worksheet and later years. Tax forms ez Using this increased adjusted gross income, refigure the items that apply, in the order listed above. Tax forms ez Your adjustment for each item is the difference between the refigured amount and the amount included on your return. Tax forms ez Combine the adjustments for previous items with your adjusted gross income before refiguring the next item. Tax forms ez Keep a record of your computations. Tax forms ez   Enter your total adjustments for the above items on line 6. Tax forms ez Line 7. Tax forms ez   Enter zero if you claimed the standard deduction or the amounts on lines 3 through 5 are zero. Tax forms ez Otherwise, use lines 11 through 33 of the worksheet to figure the amount to enter on this line. Tax forms ez Complete only those sections that apply to you. Tax forms ez Estates and trusts. Tax forms ez   Enter zero on line 7 if you did not claim any miscellaneous deductions on Form 1041, line 15c, or a casualty or theft loss. Tax forms ez Otherwise, refigure these deductions by substituting modified adjusted gross income (see below ) for adjusted gross income. Tax forms ez Subtract the recomputed deductions from those claimed on the return. Tax forms ez Enter the result on line 7. Tax forms ez Modified adjusted gross income. Tax forms ez   To refigure miscellaneous itemized deductions of an estate or trust (Form 1041, line 15c), modified adjusted gross income is the total of the following amounts. Tax forms ez The adjusted gross income on the return. Tax forms ez The amounts from lines 3 through 5 of the worksheet. Tax forms ez The exemption amount from Form 1041, line 20. Tax forms ez The NOL deduction for the NOL year entered at the top of the worksheet and for later years. Tax forms ez   To refigure the casualty and theft loss deduction of an estate or trust, modified adjusted gross income is the total of the following amounts. Tax forms ez The adjusted gross income amount you used to figure the deduction claimed on the return. Tax forms ez The amounts from lines 3 through 5 of the worksheet. Tax forms ez The NOL deduction for the NOL year entered at the top of the worksheet and for later years. Tax forms ez Line 11. Tax forms ez   Treat your NOL deduction for the NOL year entered at the top of the worksheet and for later years as a positive amount. Tax forms ez Add it to your adjusted gross income. Tax forms ez Enter the result on line 11. Tax forms ez Line 20. Tax forms ez   Is your modified adjusted gross income from line 13 of this worksheet more than $100,000 ($50,000 if married filing separately)?   □ Yes. Tax forms ez Your deduction is limited. Tax forms ez Refigure your deduction using the Mortgage Insurance Premiums Deduction Worksheet in the 2013 Instructions for Form 1045. Tax forms ez On line 2 of the Mortgage Insurance Premiums Deduction Worksheet, enter the amount from line 13 of this worksheet. Tax forms ez   □ No. Tax forms ez Your deduction is not limited. Tax forms ez Enter the amount from line 19 on line 20 and enter -0- on line 21. Tax forms ez Line 23. Tax forms ez   If you had a contributions carryover from 2012 to 2013 and your NOL deduction includes an amount from an NOL year before 2012, you may have to reduce your contributions carryover. Tax forms ez Reduce the contributions carryover by the amount of any adjustment you made to your 2012 charitable contributions deduction when figuring your NOL carryover to 2013. Tax forms ez Use the reduced contributions carryover to figure the amount to enter on line 23. Tax forms ez Please click here for the text description of the image. Tax forms ez Worksheet for NOL Carryover Worksheet for NOL Carryover (Continued) How To Get Tax Help Whether it's help with a tax issue, preparing your tax return or a need for a free publication or form, get the help you need the way you want it: online, use a smart phone, call or walk in to an IRS office or volunteer site near you. Tax forms ez Free help with your tax return. Tax forms ez   You can get free help preparing your return nationwide from IRS-certified volunteers. Tax forms ez The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. Tax forms ez The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. Tax forms ez Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. Tax forms ez In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. Tax forms ez To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS. Tax forms ez gov, download the IRS2Go app, or call 1-800-906-9887. Tax forms ez   As part of the TCE program, AARP offers the Tax-Aide counseling program. Tax forms ez To find the nearest AARP Tax-Aide site, visit AARP's website at www. Tax forms ez aarp. Tax forms ez org/money/taxaide or call 1-888-227-7669. Tax forms ez For more information on these programs, go to IRS. Tax forms ez gov and enter “VITA” in the search box. Tax forms ez Internet. Tax forms ez    IRS. Tax forms ez gov and IRS2Go are ready when you are —24 hours a day, 7 days a week. Tax forms ez Download the free IRS2Go app from the iTunes app store or from Google Play. Tax forms ez Use it to check your refund status, order transcripts of your tax returns or tax account, watch the IRS YouTube channel, get IRS news as soon as it's released to the public, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. Tax forms ez Check the status of your 2013 refund with the Where's My Refund? application on IRS. Tax forms ez gov or download the IRS2Go app and select the Refund Status option. Tax forms ez The IRS issues more than 9 out of 10 refunds in less than 21 days. Tax forms ez Using these applications, you can start checking on the status of your return within 24 hours after we receive your e-filed return or 4 weeks after you mail a paper return. Tax forms ez You will also be given a personalized refund date as soon as the IRS processes your tax return and approves your refund. Tax forms ez The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. Tax forms ez Use the Interactive Tax Assistant (ITA) to research your tax questions. Tax forms ez No need to wait on the phone or stand in line. Tax forms ez The ITA is available 24 hours a day, 7 days a week, and provides you with a variety of tax information related to general filing topics, deductions, credits, and income. Tax forms ez When you reach the response screen, you can print the entire interview and the final response for your records. Tax forms ez New subject areas are added on a regular basis. Tax forms ez  Answers not provided through ITA may be found in Tax Trails, one of the Tax Topics on IRS. Tax forms ez gov which contain general individual and business tax information or by searching the IRS Tax Map, which includes an international subject index. Tax forms ez You can use the IRS Tax Map to search publications and instructions by topic or keyword. Tax forms ez The IRS Tax Map integrates forms and publications into one research tool and provides single-point access to tax law information by subject. Tax forms ez When the user searches the IRS Tax Map, they will be provided with links to related content in existing IRS publications, forms and instructions, questions and answers, and Tax Topics. Tax forms ez Coming this filing season, you can immediately view and print for free all 5 types of individual federal tax transcripts (tax returns, tax account, record of account, wage and income statement, and certification of non-filing) using Get Transcript. Tax forms ez You can also ask the IRS to mail a return or an account transcript to you. Tax forms ez Only the mail option is available by choosing the Tax Records option on the IRS2Go app by selecting Mail Transcript on IRS. Tax forms ez gov or by calling 1-800-908-9946. Tax forms ez Tax return and tax account transcripts are generally available for the current year and the past three years. Tax forms ez Determine if you are eligible for the EITC and estimate the amount of the credit with the Earned Income Tax Credit (EITC) Assistant. Tax forms ez Visit Understanding Your IRS Notice or Letter to get answers to questions about a notice or letter you received from the IRS. Tax forms ez If you received the First Time Homebuyer Credit, you can use the First Time Homebuyer Credit Account Look-up tool for information on your repayments and account balance. Tax forms ez Check the status of your amended return using Where's My Amended Return? Go to IRS. Tax forms ez gov and enter Where's My Amended Return? in the search box. Tax forms ez You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. Tax forms ez It can take up to 3 weeks from the date you mailed it to show up in our system. Tax forms ez Make a payment using one of several safe and convenient electronic payment options available on IRS. Tax forms ez gov. Tax forms ez Select the Payment tab on the front page of IRS. Tax forms ez gov for more information. Tax forms ez Determine if you are eligible and apply for an online payment agreement, if you owe more tax than you can pay today. Tax forms ez Figure your income tax withholding with the IRS Withholding Calculator on IRS. Tax forms ez gov. Tax forms ez Use it if you've had too much or too little withheld, your personal situation has changed, you're starting a new job or you just want to see if you're having the right amount withheld. Tax forms ez Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. Tax forms ez gov. Tax forms ez Request an Electronic Filing PIN by going to IRS. Tax forms ez gov and entering Electronic Filing PIN in the search box. Tax forms ez Download forms, instructions and publications, including accessible versions for people with disabilities. Tax forms ez Locate the nearest Taxpayer Assistance Center (TAC) using the Office Locator tool on IRS. Tax forms ez gov, or choose the Contact Us option on the IRS2Go app and search Local Offices. Tax forms ez An employee can answer questions about your tax account or help you set up a payment plan. Tax forms ez Before you visit, check the Office Locator on IRS. Tax forms ez gov, or Local Offices under Contact Us on IRS2Go to confirm the address, phone number, days and hours of operation, and the services provided. Tax forms ez If you have a special need, such as a disability, you can request an appointment. Tax forms ez Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. Tax forms ez Apply for an Employer Identification Number (EIN). Tax forms ez Go to IRS. Tax forms ez gov and enter Apply for an EIN in the search box. Tax forms ez Read the Internal Revenue Code, regulations, or other official guidance. Tax forms ez Read Internal Revenue Bulletins. Tax forms ez Sign up to receive local and national tax news and more by email. Tax forms ez Just click on “subscriptions” above the search box on IRS. Tax forms ez gov and choose from a variety of options. Tax forms ez Phone. Tax forms ez    You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. Tax forms ez Download the free IRS2Go app from the iTunes app store or from Google Play. Tax forms ez Call to locate the nearest volunteer help site, 1-800-906-9887 or you can use the VITA Locator Tool on IRS. Tax forms ez gov, or download the IRS2Go app. Tax forms ez Low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. Tax forms ez The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. Tax forms ez Most VITA and TCE sites offer free electronic filing. Tax forms ez Some VITA and TCE sites provide IRS-certified volunteers who can help prepare your tax return. Tax forms ez Through the TCE program, AARP offers the Tax-Aide counseling program; call 1-888-227-7669 to find the nearest Tax-Aide location. Tax forms ez Call the automated Where's My Refund? information hotline to check the status of your 2013 refund 24 hours a day, 7 days a week at 1-800-829-1954. Tax forms ez If you e-file, you can start checking on the status of your return within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. Tax forms ez The IRS issues more than 9 out of 10 refunds in less than 21 days. Tax forms ez Where's My Refund? will give you a personalized refund date as soon as the IRS processes your tax return and approves your refund. Tax forms ez Before you call this automated hotline, have your 2013 tax return handy so you can enter your social security number, your filing status, and the exact whole dollar amount of your refund. Tax forms ez The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. Tax forms ez Note, the above information is for our automated hotline. Tax forms ez Our live phone and walk-in assistors can research the status of your refund only if it's been 21 days or more since you filed electronically or more than 6 weeks since you mailed your paper return. Tax forms ez Call the Amended Return Hotline, 1-866-464-2050, to check the status of your amended return. Tax forms ez You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. Tax forms ez It can take up to 3 weeks from the date you mailed it to show up in our system. Tax forms ez Call 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions, publications, and prior-year forms and instructions (limited to 5 years). Tax forms ez You should receive your order within 10 business days. Tax forms ez Call TeleTax, 1-800-829-4477, to listen to pre-recorded messages covering general and business tax information. Tax forms ez If, between January and April 15, you still have questions about the Form 1040, 1040A, or 1040EZ (like filing requirements, dependents, credits, Schedule D, pensions and IRAs or self-employment taxes), call 1-800-829-1040. Tax forms ez Call using TTY/TDD equipment, 1-800-829-4059 to ask tax questions or order forms and publications. Tax forms ez The TTY/TDD telephone number is for people who are deaf, hard of hearing, or have a speech disability. Tax forms ez These individuals can also contact the IRS through relay services such as the Federal Relay Service. Tax forms ez Walk-in. Tax forms ez   You can find a selection of forms, publications and services — in person. Tax forms ez Products. Tax forms ez You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. Tax forms ez Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. Tax forms ez Services. Tax forms ez You can walk in to your local TAC for face-to-face tax help. Tax forms ez An employee can answer questions about your tax account or help you set up a payment plan. Tax forms ez Before visiting, use the Office Locator tool on IRS. Tax forms ez gov, or choose the Contact Us option on the IRS2Go app and search Local Offices for days and hours of operation, and services provided. Tax forms ez Mail. Tax forms ez   You can send your order for forms, instructions, and publications to the address below. Tax forms ez You should receive a response within 10 business days after your request is received. Tax forms ez Internal Revenue Service 1201 N. Tax forms ez Mitsubishi Motorway Bloomington, IL 61705-6613    The Taxpayer Advocate Service Is Here to Help You. Tax forms ez The Taxpayer Advocate Service (TAS) is your voice at the IRS. Tax forms ez Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. Tax forms ez   What can TAS do for you? We can offer you free help with IRS problems that you can't resolve on your own. Tax forms ez We know this process can be confusing, but the worst thing you can do is nothing at all! TAS can help if you can't resolve your tax problem and: Your problem is causing financial difficulties for you, your family, or your business. Tax forms ez You face (or your business is facing) an immediate threat of adverse action. Tax forms ez You've tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised. Tax forms ez   If you qualify for our help, you'll be assigned to one advocate who'll be with you at every turn and will do everything possible to resolve your problem. Tax forms ez Here's why we can help: TAS is an independent organization within the IRS. Tax forms ez Our advocates know how to work with the IRS. Tax forms ez Our services are free and tailored to meet your needs. Tax forms ez We have offices in every state, the District of Columbia, and Puerto Rico. Tax forms ez   How can you reach us? If you think TAS can help you, call your local advocate, whose number is in your local directory and at Taxpayer Advocate, or call us toll-free at 1-877-777-4778. Tax forms ez   How else does TAS help taxpayers?  TAS also works to resolve large-scale, systemic problems that affect many taxpayers. Tax forms ez If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System. Tax forms ez Low Income Taxpayer Clinics Low Income
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Morris K. Udall and Stewart L. Udall Foundation

The Morris K. Udall and Stewart L. Udall Foundation, through the U.S. Institute for Environmental Conflict Resolution, provides assessment, mediation, and other services to resolve environmental conflicts. The Foundation also supports a variety of educational opportunities in the area of environmental policy.

Contact the Agency or Department

Website: Morris K. Udall and Stewart L. Udall Foundation

E-mail:

Address: 130 South Scott Ave
Tucson, AZ 85701-1922

Phone Number: (520) 901-8500

The Tax Forms Ez

Tax forms ez Index Symbols 1099-C, Persons who each receive a Form 1099-C showing the full amount of debt. Tax forms ez 501(c)(3) organizations, Section 501(c)(3) organization. Tax forms ez A Abandonments, Abandonments Canceled debt, Canceled debt. Tax forms ez Assistance (see Tax help) B Bankruptcy, Bankruptcy Reduction of tax attributes, Bankruptcy and Insolvency Business Real property indebtedness, Qualified Real Property Business Indebtedness C Canceled debt, Canceled Debts, Persons who each receive a Form 1099-C showing the full amount of debt. Tax forms ez Exceptions Deductible debt, Deductible Debt Gifts, Gifts, Bequests, Devises, and Inheritances Price reduced after purchase, Price Reduced After Purchase Student loans, Student Loans Exclusions Bankruptcy, Bankruptcy Insolvency, Insolvency Qualified farm indebtedness, Qualified Farm Indebtedness Qualified principal residence indebtedness, Qualified Principal Residence Indebtedness Qualified real property business indebtedness, Qualified Real Property Business Indebtedness Co-owners, Persons who each receive a Form 1099-C showing the full amount of debt. Tax forms ez D Debts Stockholder's, Stockholder debt Definitions Adjusted tax attributes, Adjusted tax attributes. Tax forms ez Main home, Main home. Tax forms ez Qualified acquisition indebtedness, Definition of qualified acquisition indebtedness. Tax forms ez Qualified farm indebtedness, Qualified Farm Indebtedness Qualified principal residence indebtedness, Qualified Principal Residence Indebtedness Qualified real property business indebtedness, Qualified Real Property Business Indebtedness E Educational loans, Student Loans Exceptions Home Affordable Modification Program, Home Affordable Modification Program F Farm indebtedness, Qualified Farm Indebtedness Reduction of tax attributes, Qualified Farm Indebtedness Foreclosures, Foreclosures and Repossessions Form 1099-A, Forms 1099-A and 1099-C. Tax forms ez , Forms 1099-A and 1099-C. Tax forms ez 1099-C, Forms 1099-A and 1099-C. Tax forms ez , Forms 1099-A and 1099-C. Tax forms ez Free tax services, Free help with your tax return. Tax forms ez G Gifts, Gifts, Bequests, Devises, and Inheritances H Help (see Tax help) Home Affordable Modification Program, Home Affordable Modification Program I Income from, Canceled Debts Income from canceled debt, Canceled Debts Insolvency, Insolvency Reduction of tax attributes, Bankruptcy and Insolvency L Limits Excluded farm debt, Exclusion limit. Tax forms ez Excluded principal residence indebtedness, Exclusion limit. Tax forms ez Qualified real property business indebtedness, Exclusion limit. Tax forms ez Loans Student, Student Loans M Missing children, photographs of, Reminder Mortgage Debt Relief Act (see Qualified Principal Residence Indebtedness) P Principal residence indebtedness, Qualified Principal Residence Indebtedness Publications (see Tax help) Q Qualified farm indebtedness, Qualified Farm Indebtedness Reduction of tax attributes, Qualified Farm Indebtedness Qualified principal residence indebtedness, Qualified Principal Residence Indebtedness Reduction of tax attributes, Qualified Principal Residence Indebtedness Qualified real property business indebtedness, Qualified Real Property Business Indebtedness Reduction of tax attributes, Qualified Real Property Business Indebtedness R Real property business indebtedness, Qualified Real Property Business Indebtedness Recapture Basis reductions, Recapture of basis reductions. Tax forms ez Repossessions, Foreclosures and Repossessions S Stockholder debts, Stockholder debt Student loans, Student Loans Suggestions for publication, Comments and suggestions. Tax forms ez T Tax attributes, reduction of Bankruptcy, Bankruptcy and Insolvency Insolvency, Bankruptcy and Insolvency Qualified farm indebtedness, Qualified Farm Indebtedness Qualified principal residence indebtedness, Qualified Principal Residence Indebtedness Qualified real property business indebtedness, Qualified Real Property Business Indebtedness Tax help, How To Get Tax Help TTY/TDD information, How To Get Tax Help Prev  Up     Home   More Online Publications