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Turbotax 2012

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Turbotax 2012

Turbotax 2012 Index Symbols 403(b) plans Defined, Tax-sheltered annuity plan. Turbotax 2012 Loans from, without tax consequences, Exception for qualified plan, 403(b) plan, and government plan loans. Turbotax 2012 Simplified Method to be used, Who must use the Simplified Method. Turbotax 2012 5% owners, 5% owners. Turbotax 2012 A Age 70, Age 70½. Turbotax 2012 Alimony (see Qualified domestic relations orders (QDROs)) Annuities 5% rate on early distributions, 5% rate on certain early distributions from deferred annuity contracts. Turbotax 2012 Defined, Annuity. Turbotax 2012 Fixed-period, Fixed-period annuities. Turbotax 2012 , Fixed-period annuity. Turbotax 2012 Guaranteed payments, Guaranteed payments. Turbotax 2012 Joint and survivor annuities, Joint and survivor annuities. Turbotax 2012 Minimum distributions from, Minimum distributions from an annuity plan. Turbotax 2012 Payments under, Annuity payments. Turbotax 2012 Qualified plan annuity starting before November 19, 1996, Qualified plan annuity starting before November 19, 1996. Turbotax 2012 Rollovers, Annuity contracts. Turbotax 2012 (see also Rollovers) Single-life, Annuities for a single life. Turbotax 2012 , Single-life annuity. Turbotax 2012 Starting date of, Annuity starting date defined. Turbotax 2012 , Who must use the Simplified Method. Turbotax 2012 , Annuity starting before November 19, 1996. Turbotax 2012 , Annuity starting date. Turbotax 2012 Before November 19, 1996, Annuity starting before November 19, 1996. Turbotax 2012 Distribution on or after, Distribution On or After Annuity Starting Date Transfers of contracts, Transfers of Annuity Contracts Types of, Types of pensions and annuities. Turbotax 2012 Variable annuities, Variable annuities. Turbotax 2012 , Variable Annuities, Death benefits. Turbotax 2012 Assistance (see Tax help) B Beneficiaries, Survivors and Beneficiaries C Capital gains Lump-sum distributions, Capital Gain Treatment Cash withdrawals (see Nonperiodic payments) Child support (see Qualified domestic relations orders (QDROs)) Corrective distributions of excess plan contributions, Corrective distributions of excess plan contributions. Turbotax 2012 Costs Investment in the contract, Cost (Investment in the Contract) Lump-sum distribution, determination for, Cost. Turbotax 2012 D Death benefits, Death benefits. Turbotax 2012 Death of employee, Distributions after the employee's death. Turbotax 2012 , Survivors of employees. Turbotax 2012 Death of retiree, Survivors of retirees. Turbotax 2012 Deductible voluntary employee contributions, Deductible voluntary employee contributions. Turbotax 2012 Defined contribution plans, Defined contribution plan. Turbotax 2012 Designated Roth accounts Costs, Designated Roth accounts. Turbotax 2012 Defined, Designated Roth account. Turbotax 2012 Qualified distributions, Designated Roth accounts. Turbotax 2012 Rollovers, Designated Roth accounts. Turbotax 2012 Disability pensions, Disability pensions. Turbotax 2012 , Disability Pensions Distributions, Examples (see also Rollovers) Beginning date for, Required beginning date. Turbotax 2012 Early distributions and penalty tax, Payment to you option. Turbotax 2012 , Tax on Early Distributions Employer securities, Distributions of employer securities. Turbotax 2012 Loans treated as, Loans Treated as Distributions Lump-sum, Distributions of employer securities. Turbotax 2012 , Lump-Sum Distributions, Examples Minimum required, Recapture tax for changes in distribution method under equal payment exception. Turbotax 2012 Nonperiodic, taxation of, Taxation of Nonperiodic Payments Periodic, taxation of, Taxation of Periodic Payments Public safety employees, Qualified public safety employees. Turbotax 2012 Qualified reservist, Qualified reservist distributions. Turbotax 2012 U. Turbotax 2012 S. Turbotax 2012 savings bonds, Distribution of U. Turbotax 2012 S. Turbotax 2012 savings bonds. Turbotax 2012 Dividends, Taxation of Nonperiodic Payments E Early withdrawal from deferred interest account Penalty tax on, Payment to you option. Turbotax 2012 , Tax on Early Distributions Employer securities, distributions of, Distributions of employer securities. Turbotax 2012 Estate tax, Reduction for federal estate tax. Turbotax 2012 Deduction, Estate tax deduction. Turbotax 2012 Estimated tax, Estimated tax. Turbotax 2012 Excess accumulation, tax on, Recapture tax for changes in distribution method under equal payment exception. Turbotax 2012 Excess plan contributions, corrective distributions of, Corrective distributions of excess plan contributions. Turbotax 2012 F Figuring taxable amount, Figuring the Taxable Amount, Distribution of U. Turbotax 2012 S. Turbotax 2012 savings bonds. Turbotax 2012 Fixed-period annuities, Fixed-period annuities. Turbotax 2012 , Fixed-period annuity. Turbotax 2012 Foreign employment contributions, Foreign employment contributions. Turbotax 2012 Form 4972, Lump-Sum Distributions W-4P, Choosing no withholding. Turbotax 2012 Form 1040/1040A Rollovers, How to report. Turbotax 2012 Form 1040X Changing your mind on lump-sum treatment, Changing your mind. Turbotax 2012 Form 1099-INT U. Turbotax 2012 S. Turbotax 2012 savings bonds distributions, Distribution of U. Turbotax 2012 S. Turbotax 2012 savings bonds. Turbotax 2012 Form 1099-R 10-year tax option for lump-sum distribution, 10-Year Tax Option Corrected form, Introduction Corrective distributions of excess plan contributions, Corrective distributions of excess plan contributions. Turbotax 2012 Exceptions to tax, Exceptions to tax. Turbotax 2012 Investment in the contract, Cost (Investment in the Contract) Loan treated as distribution from plan, Reporting by plan. Turbotax 2012 Rollovers, How to report. Turbotax 2012 Tax-free exchanges, Tax-free exchange reported on Form 1099-R. Turbotax 2012 Form 4972 10-year tax option for lump-sum distribution, 10-Year Tax Option Lump-sum distributions, Lump-Sum Distributions, Electing optional lump-sum treatment. Turbotax 2012 Form 5329 Recapture tax, Recapture tax for changes in distribution method under equal payment exception. Turbotax 2012 Special additional taxes (penalty taxes), Special Additional Taxes, Exceptions to tax. Turbotax 2012 Form RRB-1099-R, Form RRB-1099-R. Turbotax 2012 Form W-4P Withholding from retirement plan payments, Choosing no withholding. Turbotax 2012 , Nonperiodic distributions. Turbotax 2012 Form W-4V Voluntary withholding request for social security or railroad retirement benefits, Withholding Tax and Estimated Tax Free tax services, Free help with your tax return. Turbotax 2012 Frozen deposits, Frozen deposits. Turbotax 2012 Fully taxable payments, Fully Taxable Payments G General Rule, Partly Taxable Payments, General Rule Death of retiree under, Survivors of retirees. Turbotax 2012 Investment in the contract, determination of, Cost (Investment in the Contract) Guaranteed payments, Guaranteed payments. Turbotax 2012 H Help (see Tax help) Home purchase Loans from qualified plans for, Exception for qualified plan, 403(b) plan, and government plan loans. Turbotax 2012 I In-plan Roth rollovers, In-plan Roth rollovers. Turbotax 2012 Individual retirement accounts Minimum distributions from, Minimum distributions from an individual account plan. Turbotax 2012 Rollovers, Rollovers (see also Rollovers) Interest deduction Denial on loan from plan, Denial of interest deduction. Turbotax 2012 J Joint and survivor annuities, Joint and survivor annuities. Turbotax 2012 L Loans treated as distributions, Loans Treated as Distributions Local government employees Section 457 plans, Section 457 Deferred Compensation Plans Losses Lump-sum distribution, Losses. Turbotax 2012 Lump-sum distributions, Distributions of employer securities. Turbotax 2012 , Lump-Sum Distributions, Examples 10-year tax option, 10-Year Tax Option Capital gain treatment, Capital Gain Treatment Defined, Lump-Sum Distributions Election of, Changing your mind. Turbotax 2012 Form 4972, Lump-Sum Distributions M Minimum required distributions, Recapture tax for changes in distribution method under equal payment exception. Turbotax 2012 Missing children, photographs of, Reminders Multiple annuitants, Multiple annuitants. Turbotax 2012 Multiple-lives annuities, Multiple-lives annuity. Turbotax 2012 N Net Investment Income Tax, Net investment income tax. Turbotax 2012 , Distribution Before Annuity Starting Date From a Nonqualified Plan Net unrealized appreciation (NUA), Net unrealized appreciation (NUA). Turbotax 2012 Deferring tax on, Distributions of employer securities. Turbotax 2012 Nonperiodic payments Loan treated as, Loans Treated as Distributions Taxation of, Taxation of Nonperiodic Payments Nonqualified plans Distribution before annuity start date, Distribution Before Annuity Starting Date From a Nonqualified Plan General Rule to be used, Who must use the General Rule. Turbotax 2012 Loans treated as distributions from, Effect on investment in the contract. Turbotax 2012 Nonresident aliens Railroad retirement, Nonresident aliens. Turbotax 2012 P Partial rollovers, Partial rollovers. Turbotax 2012 Partly taxable payments, Partly Taxable Payments Penalty taxes Early distributions, Tax on Early Distributions Excess accumulation, Tax on Excess Accumulation Pensions Defined, Pension. Turbotax 2012 Disability pensions, Disability pensions. Turbotax 2012 , Disability Pensions Types of, Types of pensions and annuities. Turbotax 2012 Periodic payments Taxation of, Taxation of Periodic Payments Withholding tax, Periodic payments. Turbotax 2012 Public safety officers insurance premiums, Insurance Premiums for Retired Public Safety Officers Public school employees Tax-sheltered annuity plans for (see 403(b) plans) Publications (see Tax help) Q Qualified domestic relations orders (QDROs), Qualified domestic relations order (QDRO). Turbotax 2012 , Qualified domestic relations order (QDRO). Turbotax 2012 Alternate payee under and lump-sum distribution, Alternate payee under qualified domestic relations order. Turbotax 2012 Qualified employee annuities Defined, Qualified employee annuity. Turbotax 2012 Simplified Method to be used, Who must use the Simplified Method. Turbotax 2012 Qualified employee plans Defined, Qualified employee plan. Turbotax 2012 Simplified Method to be used, Who must use the Simplified Method. Turbotax 2012 Qualified plans, Who must use the General Rule. Turbotax 2012 (see also specific type of plan ) Distribution before annuity starting date, Distribution Before Annuity Starting Date From a Qualified Plan General Rule, Who must use the General Rule. Turbotax 2012 Loans from, without tax consequences, Exception for qualified plan, 403(b) plan, and government plan loans. Turbotax 2012 Rollovers, Qualified retirement plan. Turbotax 2012 Qualified settlement income Exxon Valdez litigation settlement, Qualified settlement income. Turbotax 2012 R Railroad retirement benefits, Railroad Retirement Benefits, Repayment of benefits received in an earlier year. Turbotax 2012 Taxability of, Withholding Tax and Estimated Tax Recapture tax Changes in distribution method, Recapture tax for changes in distribution method under equal payment exception. Turbotax 2012 Reemployment, Reemployment. Turbotax 2012 Related employers and related plans, Related employers and related plans. Turbotax 2012 Repayment of loan within 5 years, Exception for qualified plan, 403(b) plan, and government plan loans. Turbotax 2012 Required beginning date, Required beginning date. Turbotax 2012 Required distributions, minimum, Recapture tax for changes in distribution method under equal payment exception. Turbotax 2012 Retirement bonds, Retirement bonds. Turbotax 2012 Rollovers, Rollovers, Choosing the right option. Turbotax 2012 20% tax rate on distribution, Eligible rollover distribution. Turbotax 2012 Comparison of direct payment vs. Turbotax 2012 direct rollover (Table 1), Choosing the right option. Turbotax 2012 Direct rollover to another qualified plan, Eligible rollover distribution. Turbotax 2012 , Direct rollover option. Turbotax 2012 In-plan Roth, In-plan Roth rollovers. Turbotax 2012 Nonspouse beneficiary, Rollovers by nonspouse beneficiary. Turbotax 2012 Nontaxable amounts, Rollover of nontaxable amounts. Turbotax 2012 Notice to recipients of eligible rollover distribution, Written explanation to recipients. Turbotax 2012 Property and cash distributed, Property and cash distributed. Turbotax 2012 Roth IRAs, Rollovers to Roth IRAs. Turbotax 2012 Substitution of other property, Rollovers of property. Turbotax 2012 Surviving spouse making, Rollover by surviving spouse. Turbotax 2012 S Section 457 deferred compensation plans, Section 457 Deferred Compensation Plans Securities of employer, distributions of, Distributions of employer securities. Turbotax 2012 Self-employed persons' rollovers, Rollovers Simplified Method, Partly Taxable Payments, Simplified Method Death of retiree under, Survivors of retirees. Turbotax 2012 How to use, How to use the Simplified Method. Turbotax 2012 Investment in the contract, determination of, Cost (Investment in the Contract) Not allowed, Who cannot use the Simplified Method. Turbotax 2012 Single-sum in connection with start of payments, Single-sum in connection with the start of annuity payments. Turbotax 2012 Single-life annuities, Annuities for a single life. Turbotax 2012 , Single-life annuity. Turbotax 2012 Social security, tax on, Withholding Tax and Estimated Tax State employees Section 457 plans, Section 457 Deferred Compensation Plans State insurer delinquency proceedings, State insurer delinquency proceedings. Turbotax 2012 Surviving spouse Distribution rules for, Distributions after the employee's death. Turbotax 2012 Rollovers by, Rollover by surviving spouse. Turbotax 2012 T Tables Comparison of direct payment vs. Turbotax 2012 direct rollover (Table 1), Choosing the right option. Turbotax 2012 Tax help, How To Get Tax Help Tax-free exchanges, Tax-free exchange. Turbotax 2012 Ten percent tax for early withdrawal, Payment to you option. Turbotax 2012 , Tax on Early Distributions Ten-year tax option, 10-Year Tax Option Time for making rollover, Time for making rollover. Turbotax 2012 Transfers of annuity contracts, Transfers of Annuity Contracts TTY/TDD information, How To Get Tax Help U U. Turbotax 2012 S. Turbotax 2012 savings bonds Distribution of, Distribution of U. Turbotax 2012 S. Turbotax 2012 savings bonds. Turbotax 2012 V Variable annuities, Variable annuities. Turbotax 2012 , Variable Annuities Voluntary employee contributions, Deductible voluntary employee contributions. Turbotax 2012 W Withdrawals, Withdrawals. Turbotax 2012 Employees withdrawing contributions, Plans that permitted withdrawal of employee contributions. Turbotax 2012 Withholding, Withholding Tax and Estimated Tax 10% rate used, Nonperiodic distributions. Turbotax 2012 20% of eligible rollover, Withholding requirements. Turbotax 2012 , Payment to you option. Turbotax 2012 , 20% Mandatory withholding. Turbotax 2012 Periodic payments, Periodic payments. Turbotax 2012 Railroad retirement, Tax withholding. Turbotax 2012 Worksheets Simplified Method, How to use the Simplified Method. Turbotax 2012 Worksheet A, illustrated, Worksheet A. Turbotax 2012 Simplified Method Worksheet for Bill Smith Worksheet A, Simplified Method, Worksheet A. Turbotax 2012 Simplified Method Prev  Up     Home   More Online Publications
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Understanding your CP21I Notice

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

Tax publications you may find useful

How to get help

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

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

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


What you need to do

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

You may want to...


Answers to Common Questions

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

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

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

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

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

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

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

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


Tips for next year

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

Page Last Reviewed or Updated: 26-Feb-2014

The Turbotax 2012

Turbotax 2012 Publication 561 - Additional Material Table of Contents Tax Publications for Individual Taxpayers and Commonly Used Tax Forms Tax Publications for Individual Taxpayers and Commonly Used Tax Forms. Turbotax 2012  Summary: This is a listing of tax publications and commonly used tax forms. Turbotax 2012 The text states:Tax Publications for Individual Taxpayers. Turbotax 2012  See How to Get Tax Help for a variety of ways to get publications, including by computer, phone, and mail. Turbotax 2012 General Guides. Turbotax 2012   1--Your Rights as a Taxpayer 17--Your Federal Income Tax (For Individuals) 334--Tax Guide for Small Business (For Individuals Who Use Schedule C or C-EZ) 509--Tax Calendars for 2007 553--Highlights of 2006 Tax Changes 910--IRS Guide to Free Tax Services Specialized Publications. Turbotax 2012   3--Armed Forces' Tax Guide 54--Tax Guide for U. Turbotax 2012 S. Turbotax 2012 Citizens and Residents Aliens Abroad 225--Farmer's Tax Guide 463--Travel, Entertainment, Gift, and Car Expenses 501--Exemptions, Standard Deduction, and Filing Information 502--Medical and Dental Expenses 503--Child and Dependent Care Expenses 504--Divorced or Separated Individuals 505--Tax Withholding and Estimated Tax 514--Foreign Tax Credit for Individuals 516--U. Turbotax 2012 S. Turbotax 2012 Government Civilian Employees Stationed Abroad 517--Social Security and Other Information for Members of the Clergy and Religious Workers 519--U. Turbotax 2012 S. Turbotax 2012 Tax Guide for Aliens 520--Scholarships and Fellowships 521--Moving Expenses 523--Selling Your Home 524--Credit for the Elderly or the Disabled 525--Taxable and Nontaxable Income 526--Charitable Contributions 527--Residential Rental Property 529--Miscellaneous Deductions 530--Tax Information for First-Time Homeowners 531--Reporting Tip Income 536--Net Operating Losses (NOLs) for Individuals, Estates, and Trusts 537--Installment Sales 541--Partnerships 544--Sales and Other Dispositions of Assets 547--Casualties, Disasters, and Thefts 550--Investment Income and Expenses 551--Basis of Assets 552--Recordkeeping for Individuals 554--Older Americans' Tax Guide 555--Community Property 556--Examination of Returns, Appeal Rights, and Claims for Refund 559--Survivors, Executors, and Administrators 561--Determining the Value of Donated Property 564--Mutual Fund Distributions 570--Tax Guide for Individuals With Income From U. Turbotax 2012 S. Turbotax 2012 Possessions 571--Tax-Sheltered Annuity Plans (403(b) Plans) 575--Pension and Annuity Income 584--Casualty, Disaster, and Theft Loss Workbook (Personal-Use Property) 587--Business Use of Your Home (Including Use by Daycare Providers) 590--Individual Retirement Arrangements (IRAs) 593--Tax Highlights for U. Turbotax 2012 S. Turbotax 2012 Citizens and Residents Going Abroad 594--What You Should Know About the IRS Collection Process 596--Earned Income Credit (EIC) 721--Tax Guide to U. Turbotax 2012 S. Turbotax 2012 Civil Service Retirement Benefits 901--U. Turbotax 2012 S. Turbotax 2012 Tax Treaties 907--Tax Highlights for Persons with Disabilities 908--Bankruptcy Tax Guide 915--Social Security and Equivalent Railroad Retirement Benefits 919--How Do I Adjust My Tax Withholding? 925--Passive Activity and At-Risk Rules 926--Household Employer's Tax Guide 929--Tax Rules for Children and Dependents 936--Home Mortgage Interest Deduction 946--How to Depreciate Property 947--Practice Before the IRS and Power of Attorney 950--Introduction to Estate and Gift Taxes 967--The IRS Will Figure Your Tax 969--Health Savings Accounts and Other Tax-Favored Health Plans 970--Tax Benefits for Education 971--Innocent Spouse Relief 972--Child Tax Credit 1542--Per Diem Rates 1544--Reporting Cash Payments of Over $10,000 (Received in a Trade or Business) 1546--The Taxpayer Advocate Service of the IRS - How to Get Help With Unresolved Tax Problems Spanish Language Publications. Turbotax 2012   1SP--Derechos del Contribuyente 579SP--Cómo Preparar la Declaración de Impuesto Federal 594SP--Que es lo que Debemos Saber sobre el Proceso de Cobro del IRS 596SP--Crédito por Ingreso del Trabajo 850--English-Spanish Glossary of Words and Phrases Used in Publications Issued by the Internal Revenue Service 1544SP--Informe de Pagos en Efectivo en Exceso de $10,000 (Recibidos en una Ocupación o Negocio) Commonly Used Tax Forms. Turbotax 2012  See How To Get Tax Help for a variety of ways to get forms, including by computer, fax, phone, and mail. Turbotax 2012 1040--U. Turbotax 2012 S. Turbotax 2012 Individual Income Tax Return Schedule A&B--Itemized Deductions & Interest and Ordinary Dividends Schedule C--Profit or Loss From Business Schedule C-EZ--Net Profit From Business Schedule D--Capital Gains and Losses Schedule D-1--Continuation Sheet for Schedule D Schedule E--Supplemental Income and Loss Schedule EIC--Earned Income Credit Schedule F--Profit or Loss From Farming Schedule H--Household Employment Taxes Schedule J--Income Averaging for Farmers and Fishermen Schedule R--Credit for the Elderly or the Disabled Schedule SE--Self-Employment Tax 1040A--U. Turbotax 2012 S. Turbotax 2012 Individual Income Tax Return Schedule 1--Interest and Ordinary Dividends for Form 1040A Filers Schedule 2--Child and Dependent Care Expenses for Form 1040A Filers Schedule 3--Credit for the Elderly or the Disabled for Form 1040A Filers 1040EZ--Income Tax Return for Single and Joint Filers With No Dependents 1040-ES--Estimated Tax for Individuals 1040X--Amended U. Turbotax 2012 S. Turbotax 2012 Individual Income Tax Return 2106--Employee Business Expenses 2106-EZ--Unreimbursed Employee Business Expenses 2210--Underpayment of Estimated Tax by Individuals, Estates, and Trusts 2441--Child and Dependent Care Expenses 2848--Power of Attorney and Declaration of Representative 3903--Moving Expenses 4562--Depreciation and Amortization 4868--Application for Automatic Extension of Time To File U. Turbotax 2012 S. Turbotax 2012 Individual Income Tax Return 4952--Investment Interest Expense Deduction 5329--Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts 6251--Alternative Minimum Tax--Individuals 8283--Noncash Charitable Contributions 8582--Passive Activity Loss Limitations 8606--Nondeductible IRAs 8812--Additional Child Tax Credit 8822--Change of Address 8829--Expenses for Business Use of Your Home 8863--Education Credits 9465--Installment Agreement Request Prev  Up  Next   Home   More Online Publications