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1040ez Tax File

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1040ez Tax File

1040ez tax file Publication 721 - Introductory Material Table of Contents Reminders IntroductionOrdering forms and publications. 1040ez tax file Tax questions. 1040ez tax file Useful Items - You may want to see: Reminders Future developments. 1040ez tax file  For the latest information about developments related to Publication 721, such as legislation enacted after it was published, go to www. 1040ez tax file IRS. 1040ez tax file gov/pub721. 1040ez tax file Phased retirement. 1040ez tax file   The new phased retirement program was signed into law by the Moving Ahead for Progress in the 21st Century Act and will be available for retirement eligible individuals once the regulations for this program are effective. 1040ez tax file This new program will allow eligible employees to begin receiving annuity payments while working part-time. 1040ez tax file For more information, go to the Office of Personnel Management (OPM) website at www. 1040ez tax file opm. 1040ez tax file gov. 1040ez tax file Roth Thrift Savings Plan (TSP) balance. 1040ez tax file  You may be able to contribute to a designated Roth account through the TSP known as the Roth TSP. 1040ez tax file Roth TSP contributions are after-tax contributions, subject to the same contribution limits as the traditional TSP. 1040ez tax file Qualified distributions from a Roth TSP are not included in your income. 1040ez tax file See Thrift Savings Plan in Part II for more information. 1040ez tax file Rollovers. 1040ez tax file  You can roll over certain amounts from the CSRS, FERS, or TSP, to a tax-sheltered annuity plan (403(b) plan) or a state or local government section 457 deferred compensation plan. 1040ez tax file See Rollover Rules in Part II. 1040ez tax file Rollovers by surviving spouse. 1040ez tax file  You may be able to roll over a distribution you receive as the surviving spouse of a deceased employee or retiree into a qualified retirement plan or an IRA. 1040ez tax file See Rollover Rules in Part II. 1040ez tax file Thrift Savings Plan (TSP) beneficiary participant accounts. 1040ez tax file  If you are the spouse beneficiary of a decedent's TSP account, you have the option of leaving the death benefit payment in a TSP account in your own name (a beneficiary participant account). 1040ez tax file The amounts in the beneficiary participant account are neither taxable or reportable until you choose to make a withdrawal, or otherwise receive a distribution from the account. 1040ez tax file Benefits for public safety officer's survivors. 1040ez tax file  A survivor annuity received by the spouse, former spouse, or child of a public safety officer killed in the line of duty generally will be excluded from the recipient's income. 1040ez tax file For more information, see Dependents of public safety officers in Part IV. 1040ez tax file Uniformed services Thrift Savings Plan (TSP) accounts. 1040ez tax file  If you have a uniformed services TSP account, it may include contributions from combat zone pay. 1040ez tax file This pay is tax-exempt and contributions attributable to that pay are tax-exempt when they are distributed from the uniformed services TSP account. 1040ez tax file However, any earnings on those contributions are subject to tax when they are distributed. 1040ez tax file The statement you receive from the TSP will separately state the total amount of your distribution and the amount of your taxable distribution for the year. 1040ez tax file If you have both a civilian and a uniformed services TSP account, you should apply the rules discussed in this publication separately to each account. 1040ez tax file You can get more information from the TSP website, www. 1040ez tax file tsp. 1040ez tax file gov, or the TSP Service Office. 1040ez tax file Photographs of missing children. 1040ez tax file  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. 1040ez tax file Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. 1040ez tax file You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. 1040ez tax file Introduction This publication explains how the federal income tax rules apply to civil service retirement benefits received by retired federal employees (including those disabled) or their survivors. 1040ez tax file These benefits are paid primarily under the Civil Service Retirement System (CSRS) or the Federal Employees' Retirement System (FERS). 1040ez tax file Tax rules for annuity benefits. 1040ez tax file   Part of the annuity benefits you receive is a tax-free recovery of your contributions to the CSRS or FERS. 1040ez tax file The rest of your benefits are taxable. 1040ez tax file If your annuity starting date is after November 18, 1996, you must use the Simplified Method to figure the taxable and tax-free parts. 1040ez tax file If your annuity starting date is before November 19, 1996, you generally could have chosen to use the Simplified Method or the General Rule. 1040ez tax file See Part II, Rules for Retirees . 1040ez tax file Thrift Savings Plan. 1040ez tax file   The Thrift Savings Plan (TSP) provides federal employees with the same savings and tax benefits that many private employers offer their employees. 1040ez tax file This plan is similar to private sector 401(k) plans. 1040ez tax file You can defer tax on part of your pay by having it contributed to your traditional balance in the plan. 1040ez tax file The contributions and earnings on them are not taxed until they are distributed to you. 1040ez tax file Also the TSP offers a Roth TSP option. 1040ez tax file Contributions to this type of balance are after tax and qualified distributions from the account are tax free. 1040ez tax file See Thrift Savings Plan in Part II. 1040ez tax file Comments and suggestions. 1040ez tax file   We welcome your comments about this publication and your suggestions for future editions. 1040ez tax file   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. 1040ez tax file NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. 1040ez tax file Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. 1040ez tax file   You can send your comments from www. 1040ez tax file irs. 1040ez tax file gov/formspubs/. 1040ez tax file Click on “More Information” and then on “Comment on Tax Forms and Publications”. 1040ez tax file   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. 1040ez tax file Ordering forms and publications. 1040ez tax file   Visit www. 1040ez tax file irs. 1040ez tax file gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. 1040ez tax file Internal Revenue Service 1201 N. 1040ez tax file Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. 1040ez tax file   If you have a tax question, check the information available on IRS. 1040ez tax file gov or call 1-800-829-1040. 1040ez tax file We cannot answer tax questions sent to either of the above addresses. 1040ez tax file Useful Items - You may want to see: Publication 524 Credit for the Elderly or the Disabled 575 Pension and Annuity Income 590 Individual Retirement Arrangements (IRAs) 939 General Rule for Pensions and Annuities Form (and Instructions) CSA 1099R Statement of Annuity Paid CSF 1099R Statement of Survivor Annuity Paid W-4P Withholding Certificate for Pension or Annuity Payments 1099-R Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. 1040ez tax file 5329 Additional Taxes on Qualified Plans (including IRAs) and Other Tax-Favored Accounts See How To Get Tax Help near the end of this publication for information about getting publications and forms. 1040ez tax file Prev  Up  Next   Home   More Online Publications
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What's Hot

Here you'll find items of current interest — new programs, recent guidance or timely reminders.


Fuel Tax Credit Extensions: Frequently Asked Questions

These Q&As tell taxpayers how to claim the credits for qualifying sales or uses during 2012. It also describes changes to the cellulosic biofuel credit for 2013.


Legislation

In the past few years, there have been several laws passed that have tax implications. For more information, visit our pages on:


For Same-Sex Couples and Certain Domestic Partners

The following questions and answers provide information to individuals of the same sex who are lawfully married (same-sex spouses). 

Additional information may be found in: 

The following questions and answers provide information to individuals of the same sex and opposite sex who are in registered domestic partnerships, civil unions, or other similar formal relationships that are not marriages under state law. These individuals are not considered as married or spouses for federal tax purposes.

Additional information on these issues may be found in Notice 2013-61, Revenue Ruling 2013-17 and news release IR-2013-72, Treasury and IRS Announce That All Legal Same-Sex Marriages Will Be Recognized For Federal Tax Purposes; Ruling Provides Certainty, Benefits and Protections Under Federal Tax Law for Same-Sex Married Couples. 


Tax Return Preparer Requirements

The IRS has undertaken several initiatives to reach tax return preparers with education and enforcement. All paid preparers must register with the IRS and obtain a Preparer Tax Identification Number (PTIN). Find out more.


Consumer Alerts

‪Please note that the IRS does not initiate contact with taxpayers by email to request personal or financial information. This includes any type of electronic communication, such as text messages and social media channels.

  • ‪If you get an unsolicited email that appears to be from the IRS, please report it by sending it to phishing@irs.gov. ‪
  • If you find a suspicious website that claims to be the IRS, please send the site’s URL by email to phishing@irs.gov, using the subject line: suspicious website.

For more information on phishing scams, please see Suspicious e-Mails and Identity Theft.

March 2014
New Email Phishing Scam

The IRS has been alerted to a new email phishing scam. The emails appear to be from the IRS Taxpayer Advocate Service and include a bogus case number and the following message:

“Your reported 2013 income is flagged for review due to a document processing error. Your case has been forwarded to the Taxpayer Advocate Service for resolution assistance. To avoid delays processing your 2013 filing contact the Taxpayer Advocate Service for resolution assistance.”

The recipient is directed to click on links that supposedly provide information about the "advocate" assigned to their case or that let them "review reported income."  The links lead to web pages that solicit personal information.

Taxpayers who get these messages should not respond to the email or click on the links. Instead, they should forward the scam emails to the IRS at phishing@irs.gov. For more information, visit the IRS's Report Phishing web page.

The Taxpayer Advocate Service is a legitimate IRS organization that helps taxpayers resolve federal tax issues that have not been resolved through the normal IRS channels. The IRS, including TAS, does not initiate contact with taxpayers by email, texting or any social media.

November 2013
Typhoon Haiyan Relief Scams

Possible scams are taking place in the wake of Typhoon Haiyan. On Nov. 8, 2013, Typhoon Haiyan — known as Yolanda in the Philippines — made landfall in the central Philippines, bringing strong winds and heavy rains that have resulted in flooding, landslides, and widespread damage.

Following major disasters, it is common for scam artists to impersonate charities to get money or private information from well-intentioned taxpayers. Such fraudulent schemes may involve contact by telephone, social media, email or in-person solicitations.

October 2013
Telephone Scam Now Making the Rounds

The IRS warns consumers about a sophisticated phone scam targeting taxpayers, including recent immigrants, throughout the country. Victims are told they owe money to the IRS and it must be paid promptly through a pre-loaded debit card or wire transfer. If the victim refuses to cooperate, they are then threatened with arrest, deportation or suspension of a business or driver’s license. Characteristics of this scam include:

  • Scammers use fake names and IRS badge numbers. They generally use common names and surnames to identify themselves.
  • Scammers may be able to recite the last four digits of a victim’s Social Security Number.
  • Scammers spoof the IRS toll-free number on caller ID to make it appear that it’s the IRS calling.
  • Scammers sometimes send bogus IRS emails to some victims to support their bogus calls.
  • Victims hear background noise of other calls being conducted to mimic a call site.
  • After threatening victims with jail time or driver’s license revocation, scammers hang up and others soon call back pretending to be from the local police or DMV, and the caller ID supports their claim.

If you know you owe taxes or you think you might owe taxes, call the IRS at 1-800-829-1040. If you know you don’t owe taxes or have no reason to think that you owe any taxes (for example, you’ve never received a bill or the caller made some bogus threats as described above), call and report the incident to the Treasury Inspector General for Tax Administration at 1-800-366-4484. 

October 2012
Don't Fall for Phony IRS Websites

The IRS warns consumers about a new tax scam that uses a website that mimics the IRS e-Services online registration page.

‪The actual IRS e-Services page offers web-based products for tax preparers, not the general public. The phony web page looks almost identical to the real one.

The IRS gets many reports of fake websites like this. Criminals use these sites to lure people into providing personal and financial information that may be used to steal the victim’s money or identity. Typically, identity thieves empty the victim’s financial accounts, run up charges on the victim’s existing credit cards or apply for new loans, credit cards, services or benefits in the victim’s name.

‪The address of the official IRS website is www.irs.gov. Don’t be misled by sites claiming to be the IRS but ending in .com, .net, .org or other designations instead of .gov.

The IRS website has information that can help you protect yourself from tax scams of all kinds. Search the site using the term: phishing.


Interim Changes to the ITIN Application Process

Effective June 22, 2012, the IRS has made interim changes that affect the Individual Taxpayer Identification Number (ITIN) application process. Some of the information below, including the documentation requirements for individuals seeking an ITIN, has been superseded by these changes. Taxpayers and their representatives should review these changes, which are further explained in these Frequently Asked Questions, before requesting an ITIN.

On Oct. 2, 2012, the IRS implemented clarifying changes to its temporary procedures for issuing ITINs for noncitizens with tax Extensions and many foreign students.

Beginning Jan. 1, 2013, the IRS implemented improvements to the Individual Taxpayer Identification Number (ITIN) application process. These changes were developed based on an extensive review and feedback from a variety of stakeholders. The updated ITIN procedures build on changes announced last summer and fall to better protect the integrity of the ITIN application process and strengthen the refund process. Read about the new program changes and check out the latest frequently asked questions for more information.


Help for Victims of Ponzi Investment Schemes

If you've been the victim of a Ponzi scheme, find out more about how it affects your tax situation. We also have some new Q&As about distributions received from a trustee/receiver.


Principal Reduction Alternative Under the Home Affordable Modification Program

Find the answers to your tax questions on the Principal Reduction Alternative under the Home Affordable Modification Program (HAMP), which was established by the Departments of the Treasury and Housing and Urban Development to help distressed homeowners lower their monthly mortgage payments. The Principal Reduction Alternative does not apply to loans that are owned or guaranteed by Fannie Mae or Freddie Mac.


Tax Scams

Don't fall victim to tax scams. Remember — if it sounds too good to be true, it probably is. If you know of a tax fraud, you can report it to the IRS by sending completed Form 3949-A, Information Referral, to Internal Revenue Service, Fresno, CA 93888. Download the form or call 1-800-829-3676 to order by mail.

For recent scams, see:

  • IR-2014-16, IRS Releases the “Dirty Dozen” Tax Scams for 2014; Identity Theft, Phone Scams Lead List
  • IR-2013-33, IRS Releases the Dirty Dozen Tax Scams for 2013
  • IR-2012-23, IRS Releases the Dirty Dozen Tax Scams for 2012
  • IR-2011-73, IRS Urges Taxpayers to Avoid Becoming Victims of Tax Scam
  • IR-2011-39, Don’t Fall Prey to the 2011 Dirty Dozen Tax Scams

Education is the best way to avoid the pitfalls of these “too good to be true” tax scams. For additional information, see:


Phishing Scams

The IRS does not send taxpayers unsolicited emails about their tax accounts, tax situations or personal tax issues. If you receive such an email, most likely it's a scam.

IRS impersonation schemes flourish during filing season. These schemes may take place via phone, fax, Internet sites, social networking sites and particularly email. 

Many impersonations are identity theft scams that try to trick victims into revealing personal and financial information that can be used to access their financial accounts. Some email scams contain attachments or links that, when clicked, download malicious code (virus) that infects your computer or direct you to a bogus form or site posing as a genuine IRS form or web site. 

Some impersonations may be commercial Internet sites that consumers unknowingly visit, thinking they're accessing the genuine IRS website, www.IRS.gov. However, such sites have no connection to the IRS.

For more information on scams and what to do if you're subject to one, see: 


Tax Avoidance Transactions

Read up on the IRS's campaign against abusive tax avoidance transactions. Taxpayers with unreported income relating to offshore transactions who wish to voluntarily disclose the information to the IRS can find information on the process.


Why Pay Taxes? The Truth about Frivolous Tax Arguments

The Truth About Frivolous Tax Arguments (PDF 405K) addresses some of the more common false "legal" arguments made by individuals and groups who oppose compliance with the federal tax laws. These arguments are grouped under six general categories, with variations within each category. Each contention is briefly explained, followed by a discussion of the legal authority that rejects the contention. The second section deals with frivolous arguments encountered in collection due process cases. The final section illustrates penalties imposed on those pursuing frivolous cases.

 

Page Last Reviewed or Updated: 28-Mar-2014

The 1040ez Tax File

1040ez tax file Publication 939 - Main Content Table of Contents General Information Taxation of Periodic PaymentsInvestment in the Contract Expected Return Computation Under the General Rule How To Use Actuarial TablesUnisex Annuity Tables Special Elections Worksheets for Determining Taxable Annuity Actuarial Tables Requesting a Ruling on Taxation of Annuity How To Get Tax HelpLow Income Taxpayer Clinics General Information Some of the terms used in this publication are defined in the following paragraphs. 1040ez tax file A pension is generally a series of payments made to you after you retire from work. 1040ez tax file Pension payments are made regularly and are for past services with an employer. 1040ez tax file An annuity is a series of payments under a contract. 1040ez tax file You can buy the contract alone or you can buy it with the help of your employer. 1040ez tax file Annuity payments are made regularly for more than one full year. 1040ez tax file Note. 1040ez tax file Distributions from pensions and annuities follow the same rules as outlined in this publication unless otherwise noted. 1040ez tax file Types of pensions and annuities. 1040ez tax file   Particular types of pensions and annuities include: Fixed period annuities. 1040ez tax file You receive definite amounts at regular intervals for a definite length of time. 1040ez tax file Annuities for a single life. 1040ez tax file You receive definite amounts at regular intervals for life. 1040ez tax file The payments end at death. 1040ez tax file Joint and survivor annuities. 1040ez tax file The first annuitant receives a definite amount at regular intervals for life. 1040ez tax file After he or she dies, a second annuitant receives a definite amount at regular intervals for life. 1040ez tax file The amount paid to the second annuitant may or may not differ from the amount paid to the first annuitant. 1040ez tax file Variable annuities. 1040ez tax file You receive payments that may vary in amount for a definite length of time or for life. 1040ez tax file The amounts you receive may depend upon such variables as profits earned by the pension or annuity funds or cost-of-living indexes. 1040ez tax file Disability pensions. 1040ez tax file You are under minimum retirement age and receive payments because you retired on disability. 1040ez tax file If, at the time of your retirement, you were permanently and totally disabled, you may be eligible for the credit for the elderly or the disabled discussed in Publication 524. 1040ez tax file If your annuity starting date is after November 18, 1996, the General Rule cannot be used for the following qualified plans. 1040ez tax file A qualified employee plan is an employer's stock bonus, pension, or profit-sharing plan that is for the exclusive benefit of employees or their beneficiaries. 1040ez tax file This plan must meet Internal Revenue Code requirements. 1040ez tax file It qualifies for special tax benefits, including tax deferral for employer contributions and rollover distributions. 1040ez tax file However, you must use the General Rule if you were 75 or over and the annuity payments are guaranteed for more than 5 years. 1040ez tax file A qualified employee annuity is a retirement annuity purchased by an employer for an employee under a plan that meets Internal Revenue Code requirements. 1040ez tax file A tax-sheltered annuity is a special annuity plan or contract purchased for an employee of a public school or tax-exempt organization. 1040ez tax file   The General Rule is used to figure the tax treatment of various types of pensions and annuities, including nonqualified employee plans. 1040ez tax file A nonqualified employee plan is an employer's plan that does not meet Internal Revenue Code requirements. 1040ez tax file It does not qualify for most of the tax benefits of a qualified plan. 1040ez tax file Annuity worksheets. 1040ez tax file   The worksheets found near the end of the text of this publication may be useful to you in figuring the taxable part of your annuity. 1040ez tax file Request for a ruling. 1040ez tax file   If you are unable to determine the income tax treatment of your pension or annuity, you may ask the Internal Revenue Service to figure the taxable part of your annuity payments. 1040ez tax file This is treated as a request for a ruling. 1040ez tax file See Requesting a Ruling on Taxation of Annuity near the end of this publication. 1040ez tax file Withholding tax and estimated tax. 1040ez tax file   Your pension or annuity is subject to federal income tax withholding unless you choose not to have tax withheld. 1040ez tax file If you choose not to have tax withheld from your pension or annuity, or if you do not have enough income tax withheld, you may have to make estimated tax payments. 1040ez tax file Taxation of Periodic Payments This section explains how the periodic payments you receive under a pension or annuity plan are taxed under the General Rule. 1040ez tax file Periodic payments are amounts paid at regular intervals (such as weekly, monthly, or yearly) for a period of time greater than one year (such as for 15 years or for life). 1040ez tax file These payments are also known as amounts received as an annuity. 1040ez tax file If you receive an amount from your plan that is a nonperiodic payment (amount not received as an annuity), see Taxation of Nonperiodic Payments in Publication 575. 1040ez tax file In general, you can recover your net cost of the pension or annuity tax free over the period you are to receive the payments. 1040ez tax file The amount of each payment that is more than the part that represents your net cost is taxable. 1040ez tax file Under the General Rule, the part of each annuity payment that represents your net cost is in the same proportion that your investment in the contract is to your expected return. 1040ez tax file These terms are explained in the following discussions. 1040ez tax file Investment in the Contract In figuring how much of your pension or annuity is taxable under the General Rule, you must figure your investment in the contract. 1040ez tax file First, find your net cost of the contract as of the annuity starting date (defined later). 1040ez tax file To find this amount, you must first figure the total premiums, contributions, or other amounts paid. 1040ez tax file This includes the amounts your employer contributed if you were required to include these amounts in income. 1040ez tax file It also includes amounts you actually contributed (except amounts for health and accident benefits and deductible voluntary employee contributions). 1040ez tax file From this total cost you subtract: Any refunded premiums, rebates, dividends, or unrepaid loans (any of which were not included in your income) that you received by the later of the annuity starting date or the date on which you received your first payment. 1040ez tax file Any additional premiums paid for double indemnity or disability benefits. 1040ez tax file Any other tax-free amounts you received under the contract or plan before the later of the dates in (1). 1040ez tax file The annuity starting date   is the later of the first day of the first period for which you receive payment under the contract or the date on which the obligation under the contract becomes fixed. 1040ez tax file Example. 1040ez tax file On January 1 you completed all your payments required under an annuity contract providing for monthly payments starting on August 1, for the period beginning July 1. 1040ez tax file The annuity starting date is July 1. 1040ez tax file This is the date you use in figuring your investment in the contract and your expected return (discussed later). 1040ez tax file Adjustments If any of the following items apply, adjust (add or subtract) your total cost to find your net cost. 1040ez tax file Foreign employment. 1040ez tax file   If you worked abroad, your cost may include contributions by your employer to the retirement plan, but only if those contributions would be excludible from your gross income had they been paid directly to you as compensation. 1040ez tax file The contributions that apply are: Contributions before 1963 by your employer, Contributions after 1962 by your employer if the contributions would be excludible from your gross income (without regard to the foreign earned income exclusion) had they been paid directly to you, or Contributions after 1996 by your employer on your behalf if you performed the services of a foreign missionary (a duly ordained, commissioned, or licensed minister of a church or a lay person) if the contributions would be excludible from your gross income had they been paid directly to you. 1040ez tax file Foreign employment contributions while a nonresident alien. 1040ez tax file   In determining your cost, special rules apply if you are a U. 1040ez tax file S. 1040ez tax file citizen or resident alien who received distributions from a plan to which contributions were made while you were a nonresident alien. 1040ez tax file Your contributions and your employer's contributions are not included in your cost if the contributions: Were made based on compensation which was for services performed outside the United States which you were a nonresident alien, and Were not subject to income tax under the laws of the United States or any foreign country, but only if the contribution would have been subject to income tax if they had been paid as cash compensation when the services were performed. 1040ez tax file Death benefit exclusion. 1040ez tax file   If you are the beneficiary of a deceased employee (or former employee), who died before August 21, 1996, you may qualify for a death benefit exclusion of up to $5,000. 1040ez tax file The beneficiary of a deceased employee who died after August 20, 1996, will not qualify for the death benefit exclusion. 1040ez tax file How to adjust your total cost. 1040ez tax file   If you are eligible, treat the amount of any allowable death benefit exclusion as additional cost paid by the employee. 1040ez tax file Add it to the cost or unrecovered cost of the annuity at the annuity starting date. 1040ez tax file See Example 3 under Computation Under General Rule for an illustration of the adjustment to the cost of the contract. 1040ez tax file Net cost. 1040ez tax file   Your total cost plus certain adjustments and minus other amounts already recovered before the annuity starting date is your net cost. 1040ez tax file This is the unrecovered investment in the contract as of the annuity starting date. 1040ez tax file If your annuity starting date is after 1986, this is the maximum amount that you may recover tax free under the contract. 1040ez tax file Refund feature. 1040ez tax file   Adjustment for the value of the refund feature is only applicable when you report your pension or annuity under the General Rule. 1040ez tax file Your annuity contract has a refund feature if: The expected return ( discussed later) of an annuity depends entirely or partly on the life of one or more individuals, The contract provides that payments will be made to a beneficiary or the estate of an annuitant on or after the death of the annuitant if a stated amount or a stated number of payments has not been paid to the annuitant or annuitants before death, and The payments are a refund of the amount you paid for the annuity contract. 1040ez tax file   If your annuity has a refund feature, you must reduce your net cost of the contract by the value of the refund feature (figured using Table III or VII at the end of this publication, also see How To Use Actuarial Tables , later) to find the investment in the contract. 1040ez tax file Zero value of refund feature. 1040ez tax file   For a joint and survivor annuity, the value of the refund feature is zero if: Both annuitants are age 74 or younger, The payments are guaranteed for less than 2½ years, and The survivor's annuity is at least 50% of the first annuitant's annuity. 1040ez tax file   For a single-life annuity without survivor benefit, the value of the refund feature is zero if: The payments are guaranteed for less than 2½ years, and The annuitant is: Age 57 or younger (if using the new (unisex) annuity tables), Age 42 or younger (if male and using the old annuity tables), or Age 47 or younger (if female and using the old annuity tables). 1040ez tax file   If you do not meet these requirements, you will have to figure the value of the refund feature, as explained in the following discussion. 1040ez tax file Examples. 1040ez tax file The first example shows how to figure the value of the refund feature when there is only one beneficiary. 1040ez tax file Example 2 shows how to figure the value of the refund feature when the contract provides, in addition to a whole life annuity, one or more temporary life annuities for the lives of children. 1040ez tax file In both examples, the taxpayer elects to use Tables V through VIII. 1040ez tax file If you need the value of the refund feature for a joint and survivor annuity, write to the Internal Revenue Service as explained under Requesting a Ruling on Taxation of Annuity near the end of this publication. 1040ez tax file Example 1. 1040ez tax file At age 65, Barbara bought for $21,053 an annuity with a refund feature. 1040ez tax file She will get $100 a month for life. 1040ez tax file Barbara's contract provides that if she does not live long enough to recover the full $21,053, similar payments will be made to her surviving beneficiary until a total of $21,053 has been paid under the contract. 1040ez tax file In this case, the contract cost and the total guaranteed return are the same ($21,053). 1040ez tax file Barbara's investment in the contract is figured as follows: Net cost $21,053 Amount to be received annually $1,200   Number of years for which payment is guaranteed ($21,053 divided by $1,200) 17. 1040ez tax file 54   Rounded to nearest whole number of years 18   Percentage from Actuarial Table VII for age 65 with 18 years of guaranteed payments 15%   Value of the refund feature (rounded to the nearest dollar)—15% of $21,053 3,158 Investment in the contract, adjusted for value of refund feature $17,895       If the total guaranteed return were less than the $21,053 net cost of the contract, Barbara would apply the appropriate percentage from the tables to the lesser amount. 1040ez tax file For example, if the contract guaranteed the $100 monthly payments for 17 years to Barbara's estate or beneficiary if she were to die before receiving all the payments for that period, the total guaranteed return would be $20,400 ($100 × 12 × 17 years). 1040ez tax file In this case, the value of the refund feature would be $2,856 (14% of $20,400) and Barbara's investment in the contract would be $18,197 ($21,053 minus $2,856) instead of $17,895. 1040ez tax file Example 2. 1040ez tax file John died while still employed. 1040ez tax file His widow, Eleanor, age 48, receives $171 a month for the rest of her life. 1040ez tax file John's son, Elmer, age 9, receives $50 a month until he reaches age 18. 1040ez tax file John's contributions to the retirement fund totaled $7,559. 1040ez tax file 45, with interest on those contributions of $1,602. 1040ez tax file 53. 1040ez tax file The guarantee or total refund feature of the contract is $9,161. 1040ez tax file 98 ($7,559. 1040ez tax file 45 plus $1,602. 1040ez tax file 53). 1040ez tax file The adjustment in the investment in the contract is figured as follows: A) Expected return:*       1) Widow's expected return:         Annual annuity ($171 × 12) $2,052       Multiplied by factor from Table V         (nearest age 48) 34. 1040ez tax file 9 $71,614. 1040ez tax file 80   2) Child's expected return:         Annual annuity ($50 × 12) $600       Multiplied by factor from         Table VIII (nearest age 9         for term of 9 years) 9. 1040ez tax file 0 5,400. 1040ez tax file 00   3) Total expected return   $77,014. 1040ez tax file 80 B) Adjustment for refund feature:       1) Contributions (net cost) $7,559. 1040ez tax file 45   2) Guaranteed amount (contributions of $7,559. 1040ez tax file 45 plus interest of $1,602. 1040ez tax file 53) $9,161. 1040ez tax file 98   3) Minus: Expected return under child's (temporary life) annuity (A(2)) 5,400. 1040ez tax file 00   4) Net guaranteed amount $3,761. 1040ez tax file 98   5) Multiple from Table VII (nearest age 48 for 2 years duration (recovery of $3,761. 1040ez tax file 98 at $171 a month to nearest whole year)) 0%   6) Adjustment required for value of refund feature rounded to the nearest whole dollar  (0% × $3,761. 1040ez tax file 98, the smaller of B(3) or B(6)) 0 *Expected return is the total amount you and other eligible annuitants can expect to receive under the contract. 1040ez tax file See the discussion of expected return, later in this publication. 1040ez tax file Free IRS help. 1040ez tax file   If you need to request assistance to figure the value of the refund feature, see Requesting a Ruling on Taxation of Annuity near the end of this publication. 1040ez tax file Expected Return Your expected return is the total amount you and other eligible annuitants can expect to receive under the contract. 1040ez tax file The following discussions explain how to figure the expected return with each type of annuity. 1040ez tax file A person's age, for purposes of figuring the expected return, is the age at the birthday nearest to the annuity starting date. 1040ez tax file Fixed period annuity. 1040ez tax file   If you will get annuity payments for a fixed number of years, without regard to your life expectancy, you must figure your expected return based on that fixed number of years. 1040ez tax file It is the total amount you will get beginning at the annuity starting date. 1040ez tax file You will receive specific periodic payments for a definite period of time, such as a fixed number of months (but not less than 13). 1040ez tax file To figure your expected return, multiply the fixed number of months for which payments are to be made by the amount of the payment specified for each period. 1040ez tax file Single life annuity. 1040ez tax file   If you are to get annuity payments for the rest of your life, find your expected return as follows. 1040ez tax file You must multiply the amount of the annual payment by a multiple based on your life expectancy as of the annuity starting date. 1040ez tax file These multiples are set out in actuarial Tables I and V near the end of this publication (see How To Use Actuarial Tables , later). 1040ez tax file   You may need to adjust these multiples if the payments are made quarterly, semiannually, or annually. 1040ez tax file See Adjustments to Tables I, II, V, VI, and VIA following Table I. 1040ez tax file Example. 1040ez tax file Henry bought an annuity contract that will give him an annuity of $500 a month for his life. 1040ez tax file If at the annuity starting date Henry's nearest birthday is 66, the expected return is figured as follows: Annual payment ($500 × 12 months) $6,000 Multiple shown in Table V, age 66 × 19. 1040ez tax file 2 Expected return $115,200 If the payments were to be made to Henry quarterly and the first payment was made one full month after the annuity starting date, Henry would adjust the 19. 1040ez tax file 2 multiple by +. 1040ez tax file 1. 1040ez tax file His expected return would then be $115,800 ($6,000 × 19. 1040ez tax file 3). 1040ez tax file Annuity for shorter of life or specified period. 1040ez tax file   With this type of annuity, you are to get annuity payments either for the rest of your life or until the end of a specified period, whichever period is shorter. 1040ez tax file To figure your expected return, multiply the amount of your annual payment by a multiple in Table IV or VIII for temporary life annuities. 1040ez tax file Find the proper multiple based on your sex (if using Table IV), your age at the annuity starting date, and the nearest whole number of years in the specified period. 1040ez tax file Example. 1040ez tax file Harriet purchased an annuity this year that will pay her $200 each month for five years or until she dies, whichever period is shorter. 1040ez tax file She was age 65 at her birthday nearest the annuity starting date. 1040ez tax file She figures the expected return as follows: Annual payment ($200 × 12 months) $2,400 Multiple shown in Table VIII, age 65, 5-year term × 4. 1040ez tax file 9 Expected return $11,760 She uses Table VIII (not Table IV) because all her contributions were made after June 30, 1986. 1040ez tax file See Special Elections, later. 1040ez tax file Joint and survivor annuities. 1040ez tax file   If you have an annuity that pays you a periodic income for life and after your death provides an identical lifetime periodic income to your spouse (or some other person), you figure the expected return based on your combined life expectancies. 1040ez tax file To figure the expected return, multiply the annual payment by a multiple in Table II or VI based on your joint life expectancies. 1040ez tax file If your payments are made quarterly, semiannually, or annually, you may need to adjust these multiples. 1040ez tax file See Adjustments to Tables I, II, V, VI, and VIA following Table I near the end of this publication. 1040ez tax file Example. 1040ez tax file John bought a joint and survivor annuity providing payments of $500 a month for his life, and, after his death, $500 a month for the remainder of his wife's life. 1040ez tax file At John's annuity starting date, his age at his nearest birthday is 70 and his wife's at her nearest birthday is 67. 1040ez tax file The expected return is figured as follows: Annual payment ($500 × 12 months) $6,000 Multiple shown in Table VI, ages 67 and 70 × 22. 1040ez tax file 0 Expected return $132,000 Different payments to survivor. 1040ez tax file   If your contract provides that payments to a survivor annuitant will be different from the amount you receive, you must use a computation which accounts for both the joint lives of the annuitants and the life of the survivor. 1040ez tax file Example 1. 1040ez tax file Gerald bought a contract providing for payments to him of $500 a month for life and, after his death, payments to his wife, Mary, of $350 a month for life. 1040ez tax file If, at the annuity starting date, Gerald's nearest birthday is 70 and Mary's is 67, the expected return under the contract is figured as follows: Combined multiple for Gerald and Mary, ages 70 and 67 (from Table VI)   22. 1040ez tax file 0 Multiple for Gerald, age 70 (from Table V)   16. 1040ez tax file 0 Difference: Multiple applicable to Mary   6. 1040ez tax file 0 Gerald's annual payment ($500 × 12) $6,000   Gerald's multiple 16. 1040ez tax file 0   Gerald's expected return   $96,000 Mary's annual payment ($350 × 12) $4,200   Mary's multiple 6. 1040ez tax file 0   Mary's expected return   25,200 Total expected return under the contract   $121,200 Example 2. 1040ez tax file Your husband died while still employed. 1040ez tax file Under the terms of his employer's retirement plan, you are entitled to get an immediate annuity of $400 a month for the rest of your life or until you remarry. 1040ez tax file Your daughters, Marie and Jean, are each entitled to immediate temporary life annuities of $150 a month until they reach age 18. 1040ez tax file You were 50 years old at the annuity starting date. 1040ez tax file Marie was 16 and Jean was 14. 1040ez tax file Using the multiples shown in Tables V and VIII at the end of this publication, the total expected return on the annuity starting date is $169,680, figured as follows: Widow, age 50 (multiple from Table V—33. 1040ez tax file 1 × $4,800 annual payment) $158,880 Marie, age 16 for 2 years duration (multiple from Table VIII—2. 1040ez tax file 0 × $1,800 annual payment) 3,600 Jean, age 14 for 4 years duration (multiple from Table VIII—4. 1040ez tax file 0 × $1,800 annual payment) 7,200 Total expected return $169,680 No computation of expected return is made based on your husband's age at the date of death because he died before the annuity starting date. 1040ez tax file Computation Under the General Rule Note. 1040ez tax file Variable annuities use a different computation for determining the exclusion amounts. 1040ez tax file See Variable annuities later. 1040ez tax file Under the General Rule, you figure the taxable part of your annuity by using the following steps: Step 1. 1040ez tax file   Figure the amount of your investment in the contract, including any adjustments for the refund feature and the death benefit exclusion, if applicable. 1040ez tax file See Death benefit exclusion , earlier. 1040ez tax file Step 2. 1040ez tax file   Figure your expected return. 1040ez tax file Step 3. 1040ez tax file   Divide Step 1 by Step 2 and round to three decimal places. 1040ez tax file This will give you the exclusion percentage. 1040ez tax file Step 4. 1040ez tax file   Multiply the exclusion percentage by the first regular periodic payment. 1040ez tax file The result is the tax-free part of each pension or annuity payment. 1040ez tax file   The tax-free part remains the same even if the total payment increases due to variation in the annuity amount such as cost of living increases, or you outlive the life expectancy factor used. 1040ez tax file However, if your annuity starting date is after 1986, the total amount of annuity income that is tax free over the years cannot exceed your net cost. 1040ez tax file   Each annuitant applies the same exclusion percentage to his or her initial payment called for in the contract. 1040ez tax file Step 5. 1040ez tax file   Multiply the tax-free part of each payment (step 4) by the number of payments received during the year. 1040ez tax file This will give you the tax-free part of the total payment for the year. 1040ez tax file    In the first year of your annuity, your first payment or part of your first payment may be for a fraction of the payment period. 1040ez tax file This fractional amount is multiplied by your exclusion percentage to get the tax-free part. 1040ez tax file Step 6. 1040ez tax file   Subtract the tax-free part from the total payment you received. 1040ez tax file The rest is the taxable part of your pension or annuity. 1040ez tax file Example 1. 1040ez tax file You purchased an annuity with an investment in the contract of $10,800. 1040ez tax file Under its terms, the annuity will pay you $100 a month for life. 1040ez tax file The multiple for your age (age 65) is 20. 1040ez tax file 0 as shown in Table V. 1040ez tax file Your expected return is $24,000 (20 × 12 × $100). 1040ez tax file Your cost of $10,800, divided by your expected return of $24,000, equals 45. 1040ez tax file 0%. 1040ez tax file This is the percentage you will not have to include in income. 1040ez tax file Each year, until your net cost is recovered, $540 (45% of $1,200) will be tax free and you will include $660 ($1,200 − $540) in your income. 1040ez tax file If you had received only six payments of $100 ($600) during the year, your exclusion would have been $270 (45% of $100 × 6 payments). 1040ez tax file Example 2. 1040ez tax file Gerald bought a joint and survivor annuity. 1040ez tax file Gerald's investment in the contract is $62,712 and the expected return is $121,200. 1040ez tax file The exclusion percentage is 51. 1040ez tax file 7% ($62,712 ÷ $121,200). 1040ez tax file Gerald will receive $500 a month ($6,000 a year). 1040ez tax file Each year, until his net cost is recovered, $3,102 (51. 1040ez tax file 7% of his total payments received of $6,000) will be tax free and $2,898 ($6,000 − $3,102) will be included in his income. 1040ez tax file If Gerald dies, his wife will receive $350 a month ($4,200 a year). 1040ez tax file If Gerald had not recovered all of his net cost before his death, his wife will use the same exclusion percentage (51. 1040ez tax file 7%). 1040ez tax file Each year, until the entire net cost is recovered, his wife will receive $2,171. 1040ez tax file 40 (51. 1040ez tax file 7% of her payments received of $4,200) tax free. 1040ez tax file She will include $2,028. 1040ez tax file 60 ($4,200 − $2,171. 1040ez tax file 40) in her income tax return. 1040ez tax file Example 3. 1040ez tax file Using the same facts as Example 2 under Different payments to survivor, you are to receive an annual annuity of $4,800 until you die or remarry. 1040ez tax file Your two daughters each receive annual annuities of $1,800 until they reach age 18. 1040ez tax file Your husband contributed $25,576 to the plan. 1040ez tax file You are eligible for the $5,000 death benefit exclusion because your husband died before August 21, 1996. 1040ez tax file Adjusted Investment in the Contract Contributions $25,576 Plus: Death benefit exclusion 5,000 Adjusted investment in the contract $30,576 The total expected return, as previously figured (in Example 2 under Different payments to survivor), is $169,680. 1040ez tax file The exclusion percentage of 18. 1040ez tax file 0% ($30,576 ÷ $169,680) applies to the annuity payments you and each of your daughters receive. 1040ez tax file Each full year $864 (18. 1040ez tax file 0% × $4,800) will be tax free to you, and you must include $3,936 in your income tax return. 1040ez tax file Each year, until age 18, $324 (18. 1040ez tax file 0% × $1,800) of each of your daughters' payments will be tax free and each must include the balance, $1,476, as income on her own income tax return. 1040ez tax file Part-year payments. 1040ez tax file   If you receive payments for only part of a year, apply the exclusion percentage to the first regular periodic payment, and multiply the result by the number of payments received during the year. 1040ez tax file   If you receive amounts during the year that represent 12 payments, one for each month in that year, and an amount that represents payments for months in a prior year, apply the exclusion percentage to the first regular periodic payment, and multiply the result by the number of payments the amounts received represent. 1040ez tax file For instance, if you received amounts during the year that represent the 12 payments for that year plus an amount that represents three payments for a prior year, multiply that amount by the 15 (12 + 3) payments received that the year. 1040ez tax file   If you received a fractional payment, follow Step 5, discussed earlier. 1040ez tax file This gives you the tax-free part of your total payment. 1040ez tax file Example. 1040ez tax file On September 28, Mary bought an annuity contract for $22,050 that will give her $125 a month for life, beginning October 30. 1040ez tax file The applicable multiple from Table V is 23. 1040ez tax file 3 (age 61). 1040ez tax file Her expected return is $34,950 ($125 × 12 × 23. 1040ez tax file 3). 1040ez tax file Mary's investment in the contract of $22,050, divided by her expected return of $34,950, equals 63. 1040ez tax file 1%. 1040ez tax file Each payment received will consist of 63. 1040ez tax file 1% return of cost and 36. 1040ez tax file 9% taxable income, until her net cost of the contract is fully recovered. 1040ez tax file During the first year, Mary received three payments of $125, or $375, of which $236. 1040ez tax file 63 (63. 1040ez tax file 1% × $375) is a return of cost. 1040ez tax file The remaining $138. 1040ez tax file 37 is included in income. 1040ez tax file Increase in annuity payments. 1040ez tax file   The tax-free amount remains the same as the amount figured at the annuity starting date, even if the payment increases. 1040ez tax file All increases in the installment payments are fully taxable. 1040ez tax file   However, if your annuity payments are scheduled to increase at a definite date in the future you must figure the expected return for that annuity using the method described in section 1. 1040ez tax file 72-5(a)(5) of the regulations. 1040ez tax file Example. 1040ez tax file Joe's wife died while she was still employed and, as her beneficiary, he began receiving an annuity of $147 per month. 1040ez tax file In figuring the taxable part, Joe elects to use Tables V through VIII. 1040ez tax file The cost of the contract was $7,938, consisting of the sum of his wife's net contributions, adjusted for any refund feature. 1040ez tax file His expected return as of the annuity starting date is $35,280 (age 65, multiple of 20. 1040ez tax file 0 × $1,764 annual payment). 1040ez tax file The exclusion percentage is $7,938 ÷ $35,280, or 22. 1040ez tax file 5%. 1040ez tax file During the year he received 11 monthly payments of $147, or $1,617. 1040ez tax file Of this amount, 22. 1040ez tax file 5% × $147 × 11 ($363. 1040ez tax file 83) is tax free as a return of cost and the balance of $1,253. 1040ez tax file 17 is taxable. 1040ez tax file Later, because of a cost-of-living increase, his annuity payment was increased to $166 per month, or $1,992 a year (12 × $166). 1040ez tax file The tax-free part is still only 22. 1040ez tax file 5% of the annuity payments as of the annuity starting date (22. 1040ez tax file 5% × $147 × 12 = $396. 1040ez tax file 90 for a full year). 1040ez tax file The increase of $228 ($1,992 − $1,764 (12 × $147)) is fully taxable. 1040ez tax file Variable annuities. 1040ez tax file   For variable annuity payments, figure the amount of each payment that is tax free by dividing your investment in the contract (adjusted for any refund feature) by the total number of periodic payments you expect to get under the contract. 1040ez tax file   If the annuity is for a definite period, you determine the total number of payments by multiplying the number of payments to be made each year by the number of years you will receive payments. 1040ez tax file If the annuity is for life, you determine the total number of payments by using a multiple from the appropriate actuarial table. 1040ez tax file Example. 1040ez tax file Frank purchased a variable annuity at age 65. 1040ez tax file The total cost of the contract was $12,000. 1040ez tax file The annuity starting date is January 1 of the year of purchase. 1040ez tax file His annuity will be paid, starting July 1, in variable annual installments for his life. 1040ez tax file The tax-free amount of each payment, until he has recovered his cost of his contract, is: Investment in the contract $12,000 Number of expected annual payments (multiple for age 65 from Table V) 20 Tax-free amount of each payment ($12,000 ÷ 20) $600 If Frank's first payment is $920, he includes only $320 ($920 − $600) in his gross income. 1040ez tax file   If the tax-free amount for a year is more than the payments you receive in that year, you may choose, when you receive the next payment, to refigure the tax-free part. 1040ez tax file Divide the amount of the periodic tax-free part that is more than the payment you received by the remaining number of payments you expect. 1040ez tax file The result is added to the previously figured periodic tax-free part. 1040ez tax file The sum is the amount of each future payment that will be tax free. 1040ez tax file Example. 1040ez tax file Using the facts of the previous example about Frank, assume that after Frank's $920 payment, he received $500 in the following year, and $1,200 in the year after that. 1040ez tax file Frank does not pay tax on the $500 (second year) payment because $600 of each annual pension payment is tax free. 1040ez tax file Since the $500 payment is less than the $600 annual tax-free amount, he may choose to refigure his tax-free part when he receives his $1,200 (third year) payment, as follows: Amount tax free in second year $600. 1040ez tax file 00 Amount received in second year 500. 1040ez tax file 00 Difference $100. 1040ez tax file 00 Number of remaining payments after the first 2 payments (age 67, from Table V) 18. 1040ez tax file 4 Amount to be added to previously determined annual tax-free part ($100 ÷ 18. 1040ez tax file 4) $5. 1040ez tax file 43 Revised annual tax-free part for third and later years ($600 + $5. 1040ez tax file 43) $605. 1040ez tax file 43 Amount taxable in third year ($1,200 − $605. 1040ez tax file 43) $594. 1040ez tax file 57 If you choose to refigure your tax-free amount,   you must file a statement with your income tax return stating that you are refiguring the tax-free amount in accordance with the rules of section 1. 1040ez tax file 72–4(d)(3) of the Income Tax Regulations. 1040ez tax file The statement must also show the following information: The annuity starting date and your age on that date. 1040ez tax file The first day of the first period for which you received an annuity payment in the current year. 1040ez tax file Your investment in the contract as originally figured. 1040ez tax file The total of all amounts received tax free under the annuity from the annuity starting date through the first day of the first period for which you received an annuity payment in the current tax year. 1040ez tax file Exclusion Limits Your annuity starting date determines the total amount of annuity income that you can exclude from income over the years. 1040ez tax file Exclusion limited to net cost. 1040ez tax file   If your annuity starting date is after 1986, the total amount of annuity income that you can exclude over the years as a return of your cost cannot exceed your net cost (figured without any reduction for a refund feature). 1040ez tax file This is the unrecovered investment in the contract as of the annuity starting date. 1040ez tax file   If your annuity starting date is after July 1, 1986, any unrecovered net cost at your (or last annuitant's) death is allowed as a miscellaneous itemized deduction on the final return of the decedent. 1040ez tax file This deduction is not subject to the 2%-of-adjusted-gross-income limit. 1040ez tax file Example 1. 1040ez tax file Your annuity starting date is after 1986. 1040ez tax file Your total cost is $12,500, and your net cost is $10,000, taking into account certain adjustments. 1040ez tax file There is no refund feature. 1040ez tax file Your monthly annuity payment is $833. 1040ez tax file 33. 1040ez tax file Your exclusion ratio is 12% and you exclude $100 a month. 1040ez tax file Your exclusion ends after 100 months, when you have excluded your net cost of $10,000. 1040ez tax file Thereafter, your annuity payments are fully taxable. 1040ez tax file Example 2. 1040ez tax file The facts are the same as in Example 1, except that there is a refund feature, and you die after 5 years with no surviving annuitant. 1040ez tax file The adjustment for the refund feature is $1,000, so the investment in the contract is $9,000. 1040ez tax file The exclusion ratio is 10. 1040ez tax file 8%, and your monthly exclusion is $90. 1040ez tax file After 5 years (60 months), you have recovered tax free only $5,400 ($90 x 60). 1040ez tax file An itemized deduction for the unrecovered net cost of $4,600 ($10,000 net cost minus $5,400) may be taken on your final income tax return. 1040ez tax file Your unrecovered investment is determined without regard to the refund feature adjustment, discussed earlier, under Adjustments. 1040ez tax file Exclusion not limited to net cost. 1040ez tax file   If your annuity starting date was before 1987, you could continue to take your monthly exclusion for as long as you receive your annuity. 1040ez tax file If you choose a joint and survivor annuity, your survivor continues to take the survivor's exclusion figured as of the annuity starting date. 1040ez tax file The total exclusion may be more than your investment in the contract. 1040ez tax file How To Use Actuarial Tables In figuring, under the General Rule, the taxable part of your annuity payments that you are to get for the rest of your life (rather than for a fixed number of years), you must use one or more of the actuarial tables in this publication. 1040ez tax file Unisex Annuity Tables Effective July 1, 1986, the Internal Revenue Service adopted new annuity Tables V through VIII, in which your sex is not considered when determining the applicable factor. 1040ez tax file These tables correspond to the old Tables I through IV. 1040ez tax file In general, Tables V through VIII must be used if you made contributions to the retirement plan after June 30, 1986. 1040ez tax file If you made no contributions to the plan after June 30, 1986, generally you must use only Tables I through IV. 1040ez tax file However, if you received an annuity payment after June 30, 1986, you may elect to use Tables V through VIII (see Annuity received after June 30, 1986, later). 1040ez tax file Special Elections Although you generally must use Tables V through VIII if you made contributions to the retirement plan after June 30, 1986, and Tables I through IV if you made no contributions after June 30, 1986, you can make the following special elections to select which tables to use. 1040ez tax file Contributions made both before July 1986 and after June 1986. 1040ez tax file   If you made contributions to the retirement plan both before July 1986 and after June 1986, you may elect to use Tables I through IV for the pre-July 1986 cost of the contract, and Tables V through VIII for the post-June 1986 cost. 1040ez tax file (See the examples below. 1040ez tax file )    Making the election. 1040ez tax file Attach this statement to your income tax return for the first year in which you receive an annuity:    “I elect to apply the provisions of paragraph (d) of section 1. 1040ez tax file 72–6 of the Income Tax Regulations. 1040ez tax file ”   The statement must also include your name, address, social security number, and the amount of the pre-July 1986 investment in the contract. 1040ez tax file   If your investment in the contract includes post-June 1986 contributions to the plan, and you do not make the election to use Tables I through IV and Tables V through VIII, then you can only use Tables V through VIII in figuring the taxable part of your annuity. 1040ez tax file You must also use Tables V through VIII if you are unable or do not wish to determine the portions of your contributions which were made before July 1, 1986, and after June 30, 1986. 1040ez tax file    Advantages of election. 1040ez tax file In general, a lesser amount of each annual annuity payment is taxable if you separately figure your exclusion ratio for pre-July 1986 and post-June 1986 contributions. 1040ez tax file    If you intend to make this election, save your records that substantiate your pre-July 1986 and post-June 1986 contributions. 1040ez tax file If the death benefit exclusion applies (see discussion, earlier), you do not have to apportion it between the pre-July 1986 and the post-June 1986 investment in the contract. 1040ez tax file   The following examples illustrate the separate computations required if you elect to use Tables I through IV for your pre-July 1986 investment in the contract and Tables V through VIII for your post-June 1986 investment in the contract. 1040ez tax file Example 1. 1040ez tax file Bill, who is single, contributed $42,000 to the retirement plan and will receive an annual annuity of $24,000 for life. 1040ez tax file Payment of the $42,000 contribution is guaranteed under a refund feature. 1040ez tax file Bill is 55 years old as of the annuity starting date. 1040ez tax file For figuring the taxable part of Bill's annuity, he chose to make separate computations for his pre-July 1986 investment in the contract of $41,300, and for his post-June 1986 investment in the contract of $700. 1040ez tax file       Pre- July 1986   Post- June 1986 A. 1040ez tax file Adjustment for refund feature         1) Net cost $41,300   $700   2) Annual annuity—$24,000  ($41,300/$42,000 × $24,000) $23,600       ($700/$42,000 × $24,000)     $400   3) Guarantee under contract $41,300   $700   4) No. 1040ez tax file of years payments  guaranteed (rounded), A(3) ÷ A(2) 2   2   5) Applicable percentage from  Tables III and VII 1%   0%   6) Adjustment for value of refund  feature, A(5) × smaller of A(1)  or A(3) $413   $0 B. 1040ez tax file Investment in the contract         1) Net cost $41,300   $700   2) Minus: Amount in A(6) 413   0   3) Investment in the contract $40,887   $700 C. 1040ez tax file Expected return         1) Annual annuity receivable $24,000   $24,000   2) Multiples from Tables I and V 21. 1040ez tax file 7   28. 1040ez tax file 6   3) Expected return, C(1) × C(2) $520,800   $686,400 D. 1040ez tax file Tax-free part of annuity         1) Exclusion ratio as decimal,  B(3) ÷ C(3) . 1040ez tax file 079   . 1040ez tax file 001   2) Tax-free part, C(1) × D(1) $1,896   $24 The tax-free part of Bill's total annuity is $1,920 ($1,896 plus $24). 1040ez tax file The taxable part of his annuity is $22,080 ($24,000 minus $1,920). 1040ez tax file If the annuity starting date is after 1986, the exclusion over the years cannot exceed the net cost (figured without any reduction for a refund feature). 1040ez tax file Example 2. 1040ez tax file Al is age 62 at his nearest birthday to the annuity starting date. 1040ez tax file Al's wife is age 60 at her nearest birthday to the annuity starting date. 1040ez tax file The joint and survivor annuity pays $1,000 per month to Al for life, and $500 per month to Al's surviving wife after his death. 1040ez tax file The pre-July 1986 investment in the contract is $53,100 and the post-June 1986 investment in the contract is $7,000. 1040ez tax file Al makes the election described in Example 1 . 1040ez tax file For purposes of this example, assume the refund feature adjustment is zero. 1040ez tax file If an adjustment is required, IRS will figure the amount. 1040ez tax file See Requesting a Ruling on Taxation of Annuity near the end of this publication. 1040ez tax file       Pre-  July 1986   Post-  June 1986 A. 1040ez tax file Adjustment for refund feature         1) Net cost $53,100   $7,000   2) Annual annuity—$12,000  ($53,100/$60,100 × $12,000) $10,602       ($7,000/$60,100 × $12,000)     $1,398   3) Guaranteed under the contract $53,100   $7,000   4) Number of years guaranteed,  rounded, A(3) ÷ A(2) 5   5   5) Applicable percentages 0%   0%   6) Refund feature adjustment, A(5) × smaller of A(1) or A(3) 0   0 B. 1040ez tax file Investment in the contract         1) Net cost $53,100   $7,000   2) Refund feature adjustment 0   0   3) Investment in the contract adjusted for refund feature $53,100   $7,000 C. 1040ez tax file Expected return         1) Multiple for both annuitants from Tables II and VI 25. 1040ez tax file 4   28. 1040ez tax file 8   2) Multiple for first annuitant from Tables I and V 16. 1040ez tax file 9   22. 1040ez tax file 5   3) Multiple applicable to surviving annuitant, subtract C(2) from C(1) 8. 1040ez tax file 5   6. 1040ez tax file 3   4) Annual annuity to surviving annuitant $6,000   $6,000   5) Portion of expected return for surviving annuitant, C(4) × C(3) $51,000   $37,800   6) Annual annuity to first annuitant $12,000   $12,000   7) Plus: Portion of expected return for first annuitant, C(6) × C(2) $202,800   $270,000   8) Expected return for both annuitants, C(5) + C(7) $253,800   $307,800 D. 1040ez tax file Tax-free part of annuity         1) Exclusion ratio as a decimal, B(3) ÷ C(8) . 1040ez tax file 209   . 1040ez tax file 023   2) Retiree's tax-free part of annuity, C(6) × D(1) $2,508   $276   3) Survivor's tax-free part of annuity, C(4) × D(1) $1,254   $138 The tax-free part of Al's total annuity is $2,784 ($2,508 + $276). 1040ez tax file The taxable part of his annuity is $9,216 ($12,000 − $2,784). 1040ez tax file The exclusion over the years cannot exceed the net cost of the contract (figured without any reduction for a refund feature) if the annuity starting date is after 1986. 1040ez tax file After Al's death, his widow will apply the same exclusion percentages (20. 1040ez tax file 9% and 2. 1040ez tax file 3%) to her annual annuity of $6,000 to figure the tax-free part of her annuity. 1040ez tax file Annuity received after June 30, 1986. 1040ez tax file   If you receive an annuity payment after June 30, 1986, (regardless of your annuity starting date), you may elect to treat the entire cost of the contract as post-June 1986 cost (even if you made no post-June 1986 contributions to the plan) and use Tables V through VIII. 1040ez tax file Once made, you cannot revoke the election, which will apply to all payments during the year and in any later year. 1040ez tax file    Make the election by attaching the following statement to your income tax return. 1040ez tax file    “I elect, under section 1. 1040ez tax file 72–9 of the Income Tax Regulations, to treat my entire cost of the contract as a post-June 1986 cost of the plan. 1040ez tax file ”   The statement must also include your name, address, and social security number. 1040ez tax file   You should also indicate you are making this election if you are unable or do not wish to determine the parts of your contributions which were made before July 1, 1986, and after June 30, 1986. 1040ez tax file Disqualifying form of payment or settlement. 1040ez tax file   If your annuity starting date is after June 30, 1986, and the contract provides for a disqualifying form of payment or settlement, such as an option to receive a lump sum in full discharge of the obligation under the contract, the entire investment in the contract is treated as post-June 1986 investment in the contract. 1040ez tax file See regulations section 1. 1040ez tax file 72–6(d)(3) for additional examples of disqualifying forms of payment or settlement. 1040ez tax file You can find the Income Tax Regulations in many libraries and at Internal Revenue Service Offices. 1040ez tax file Worksheets for Determining Taxable Annuity Worksheets I and II. 1040ez tax file   Worksheets I and II follow for determining your taxable annuity under Regulations Section 1. 1040ez tax file 72–6(d)(6) Election. 1040ez tax file Worksheet I For Determining Taxable Annuity Under Regulations Section 1. 1040ez tax file 72-6(d)(6) Election For Single Annuitant With No Survivor Annuity               Pre-July 1986   Post-June 1986 A. 1040ez tax file   Refund Feature Adjustment             1)   Net cost (total cost less returned premiums, dividends, etc. 1040ez tax file )             2)   Annual annuity allocation:                   Portion of net cost in A(1) x annual annuity                   Net cost             3)   Guaranteed under the contract             4)   Number of years guaranteed, rounded to whole years:                   A(3) divided by A(2)             5)   Applicable percentages* from Tables III and VII                   *If your annuity meets the three conditions listed in Zero value of refund feature in Investment in the Contract, earlier, both percentages are 0. 1040ez tax file If not, the IRS will calculate the refund feature percentage. 1040ez tax file             6)   Refund feature adjustment:                   A(5) times lesser of A(1) or A(3)                             B. 1040ez tax file   Investment in the Contract             1)   Net cost:                   A(1)             2)   Refund feature adjustment:                   A(6)             3)   Investment in the contract adjusted for refund feature:                   B(1) minus B(2)                             C. 1040ez tax file   Expected Return             1)   Annual Annuity:                   12 times monthly annuity**             2)   Expected return multiples from Tables I and V             3)     Expected return:                   C(1) times C(2)                             D. 1040ez tax file   Tax-Free Part of Annuity             1)     Exclusion ratio, as a decimal rounded to 3 places:                   B(3) divided by C(3)             2)     Tax-free part of annuity:                   C(1) times D(1)             **If the annuity is not paid monthly, figure the amount to enter by using the total number of periodic payments for the year times the amount of the periodic payment. 1040ez tax file     Worksheet II For Determining Taxable Annuity Under Regulations Section 1. 1040ez tax file 72-6(d)(6) Election For Joint and Survivor Annuity               Pre-July 1986   Post-June 1986 A. 1040ez tax file   Refund Feature Adjustment             1)   Net cost (total cost less returned premiums, dividends, etc. 1040ez tax file )             2)   Annual annuity allocation:                   Portion of net cost in A(1) x annual annuity                   Net cost             3)   Guaranteed under the contract             4)     Number of years guaranteed, rounded to whole years:                   A(3) divided by A(2)             5)   Applicable percentages*                   *If your annuity meets the three conditions listed in Zero value of refund feature in Investment in the Contract, earlier, both percentages are 0. 1040ez tax file If not, the IRS will calculate the refund feature percentage. 1040ez tax file             6)   Refund feature adjustment:                   A(5) times lesser of A(1) or A(3)                             B. 1040ez tax file   Investment in the Contract             1)   Net cost:                   A(1)             2)   Refund feature adjustment:                   A(6)             3)   Investment in the contract adjusted for refund future:                   B(1) minus B(2)                             C. 1040ez tax file   Expected Return             1)   Multiples for both annuitants, Tables II and VI             2)   Multiple for retiree. 1040ez tax file Tables I and VI             3)   Multiple for survivor:                   C(1) minus C(2)             4)   Annual annuity to survivor:                   12 times potential monthly rate for survivor**             5)   Expected return for survivor:                   C(3) times C(4)             6)   Annual annuity to retiree:                   12 times monthly rate for retiree**             7)   Expected return for retiree:                   C(2) times C(6)             8)   Total expected return:                   C(5) plus C(7)                             D. 1040ez tax file   Tax-Free Part of Annuity             1)   Exclusion ratio, as a decimal rounded to 3 places:                   B(3) divided by C(8)             2)   Retiree's tax-free part of annuity:                   C(6) times D(1)             3)   Survivor's tax-free part of annuity, if surviving after death of retiree:                   C(4) times D(1)             **If the annuity is not paid monthly, figure the amount to enter by using the total number of periodic payments for the year times the amount of the periodic payment. 1040ez tax file   Actuarial Tables Please click here for the text description of the image. 1040ez tax file Actuarial Tables Please click here for the text description of the image. 1040ez tax file Actuarial Tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Please click here for the text description of the image. 1040ez tax file Actuarial tables Requesting a Ruling on Taxation of Annuity If you are a retiree, or the survivor of an employee or retiree, you may ask the Internal Revenue Service to help you determine the taxation of your annuity. 1040ez tax file If you make this request, you are asking for a ruling. 1040ez tax file User fee. 1040ez tax file   Under the law in effect at the time this publication went to print, the IRS must charge a user fee for all ruling requests. 1040ez tax file You should call the IRS for the proper fee. 1040ez tax file A request solely for the value of the refund feature is not treated as a ruling request and requires no fee. 1040ez tax file Send your request to:     Internal Revenue Service  Attention: EP Letter Rulings P. 1040ez tax file O. 1040ez tax file Box 27063 McPherson Station Washington, DC 20038 The user fee is allowed as a miscellaneous itemized deduction, subject to the 2%-of-adjusted-gross-income limit. 1040ez tax file When to make the request. 1040ez tax file   Please note that requests sent between February 1 and April 15 may experience some delay. 1040ez tax file We process requests in the order received, and we will reply to your request as soon as we can process it. 1040ez tax file If you do not receive your ruling by the required filing date, you may use Form 4868, Application for Automatic Extension of Time To File U. 1040ez tax file S. 1040ez tax file Individual Income Tax Return, to get an extension of time to file. 1040ez tax file Information you must furnish. 1040ez tax file   You must furnish the information listed below so the IRS can comply with your request. 1040ez tax file Failure to furnish the information will result in a delay in processing your request. 1040ez tax file Please send only copies of the following documents, as the IRS retains all material sent for its records: A letter explaining the question(s) you wish to have resolved or the information you need from the ruling. 1040ez tax file Copies of any documents showing distributions, annuity rates, and annuity options available to you. 1040ez tax file A copy of any Form 1099–R you received since your annuity began. 1040ez tax file A statement indicating whether you have filed your return for the year for which you are making the request. 1040ez tax file If you have requested an extension of time to file that return, please indicate the extension date. 1040ez tax file Your daytime phone number. 1040ez tax file Your current mailing address. 1040ez tax file A power of attorney if someone other than you, an attorney, a certified public accountant, or an enrolled agent is signing this request. 1040ez tax file Form 2848, Power of Attorney and Declaration of Representative, may be used for this purpose. 1040ez tax file A completed Tax Information Sheet (or facsimile) shown on the next page. 1040ez tax file Sign and date the Disclosure and Perjury Statement (or facsimile) at the end of the tax information sheet. 1040ez tax file This statement must be signed by the retiree or the survivor annuitant. 1040ez tax file It cannot be signed by a representative. 1040ez tax file Tax Information Sheet Please click here for the text description of the image. 1040ez tax file Tax Information Sheet Please click here for the text description of the image. 1040ez tax file Tax Information Sheet (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. 1040ez tax file Free help with your tax return. 1040ez tax file   You can get free help preparing your return nationwide from IRS-certified volunteers. 1040ez tax file The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. 1040ez tax file The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. 1040ez tax file 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. 1040ez tax file In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. 1040ez tax file To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS. 1040ez tax file gov, download the IRS2Go app, or call 1-800-906-9887. 1040ez tax file   As part of the TCE program, AARP offers the Tax-Aide counseling program. 1040ez tax file To find the nearest AARP Tax-Aide site, visit AARP's website at www. 1040ez tax file aarp. 1040ez tax file org/money/taxaide or call 1-888-227-7669. 1040ez tax file For more information on these programs, go to IRS. 1040ez tax file gov and enter “VITA” in the search box. 1040ez tax file Internet. 1040ez tax file    IRS. 1040ez tax file gov and IRS2Go are ready when you are —24 hours a day, 7 days a week. 1040ez tax file Download the free IRS2Go app from the iTunes app store or from Google Play. 1040ez tax file 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. 1040ez tax file Check the status of your 2013 refund with the Where's My Refund? application on IRS. 1040ez tax file gov or download the IRS2Go app and select the Refund Status option. 1040ez tax file The IRS issues more than 9 out of 10 refunds in less than 21 days. 1040ez tax file 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. 1040ez tax file You will also be given a personalized refund date as soon as the IRS processes your tax return and approves your refund. 1040ez tax file The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. 1040ez tax file Use the Interactive Tax Assistant (ITA) to research your tax questions. 1040ez tax file No need to wait on the phone or stand in line. 1040ez tax file 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. 1040ez tax file When you reach the response screen, you can print the entire interview and the final response for your records. 1040ez tax file New subject areas are added on a regular basis. 1040ez tax file  Answers not provided through ITA may be found in Tax Trails, one of the Tax Topics on IRS. 1040ez tax file gov which contain general individual and business tax information or by searching the IRS Tax Map, which includes an international subject index. 1040ez tax file You can use the IRS Tax Map, to search publications and instructions by topic or keyword. 1040ez tax file The IRS Tax Map integrates forms and publications into one research tool and provides single-point access to tax law information by subject. 1040ez tax file 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. 1040ez tax file 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. 1040ez tax file You can also ask the IRS to mail a return or an account transcript to you. 1040ez tax file Only the mail option is available by choosing the Tax Records option on the IRS2Go app by selecting Mail Transcript on IRS. 1040ez tax file gov or by calling 1-800-908-9946. 1040ez tax file Tax return and tax account transcripts are generally available for the current year and the past three years. 1040ez tax file Determine if you are eligible for the EITC and estimate the amount of the credit with the Earned Income Tax Credit (EITC) Assistant. 1040ez tax file Visit Understanding Your IRS Notice or Letter to get answers to questions about a notice or letter you received from the IRS. 1040ez tax file 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. 1040ez tax file Check the status of your amended return using Where's My Amended Return? Go to IRS. 1040ez tax file gov and enter Where's My Amended Return? in the search box. 1040ez tax file You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. 1040ez tax file It can take up to 3 weeks from the date you mailed it to show up in our system. 1040ez tax file Make a payment using one of several safe and convenient electronic payment options available on IRS. 1040ez tax file gov. 1040ez tax file Select the Payment tab on the front page of IRS. 1040ez tax file gov for more information. 1040ez tax file Determine if you are eligible and apply for an online payment agreement, if you owe more tax than you can pay today. 1040ez tax file Figure your income tax withholding with the IRS Withholding Calculator on IRS. 1040ez tax file gov. 1040ez tax file 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. 1040ez tax file Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. 1040ez tax file gov. 1040ez tax file Request an Electronic Filing PIN by going to IRS. 1040ez tax file gov and entering Electronic Filing PIN in the search box. 1040ez tax file Download forms, instructions and publications, including accessible versions for people with disabilities. 1040ez tax file Locate the nearest Taxpayer Assistance Center (TAC) using the Office Locator tool on IRS. 1040ez tax file gov, or choose the Contact Us option on the IRS2Go app and search Local Offices. 1040ez tax file An employee can answer questions about your tax account or help you set up a payment plan. 1040ez tax file Before you visit, check the Office Locator on IRS. 1040ez tax file gov, or Local Offices under Contact Us on IRS2Go to confirm the address, phone number, days and hours of operation, and the services provided. 1040ez tax file If you have a special need, such as a disability, you can request an appointment. 1040ez tax file Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. 1040ez tax file Apply for an Employer Identification Number (EIN). 1040ez tax file Go to IRS. 1040ez tax file gov and enter Apply for an EIN in the search box. 1040ez tax file Read the Internal Revenue Code, regulations, or other official guidance. 1040ez tax file Read Internal Revenue Bulletins. 1040ez tax file Sign up to receive local and national tax news and more by email. 1040ez tax file Just click on “subscriptions” above the search box on IRS. 1040ez tax file gov and choose from a variety of options. 1040ez tax file    Phone. 1040ez tax file You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. 1040ez tax file Download the free IRS2Go app from the iTunes app store or from Google Play. 1040ez tax file Call to locate the nearest volunteer help site, 1-800-906-9887 or you can use the VITA Locator Tool on IRS. 1040ez tax file gov, or download the IRS2Go app. 1040ez tax file 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. 1040ez tax file The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. 1040ez tax file Mos