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2009 Tax Tables

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2009 Tax Tables

2009 tax tables Index A Abusive tax shelters (see Tax shelters) Accounting fees, Attorney or accounting fees. 2009 tax tables Accrual method, Accrual method taxpayers. 2009 tax tables , Accrual method. 2009 tax tables , Holders must use accrual method. 2009 tax tables , When To Deduct Investment Interest Accuracy-related penalty, Accuracy-related penalty. 2009 tax tables Acquisition discount, Government obligations. 2009 tax tables , Acquisition discount on short-term obligations. 2009 tax tables Adjusted basis, Basis adjustment. 2009 tax tables , Fair market value equal to or more than donor's adjusted basis. 2009 tax tables , Adjusted Basis, Short sales. 2009 tax tables Alaska Permanent Fund dividends, Alaska Permanent Fund dividends. 2009 tax tables , Child's Alaska Permanent Fund dividends. 2009 tax tables Amortization of bond premium, Bond Premium Amortization, Bonds acquired after October 22, 1986, but before 1988. 2009 tax tables Annuities Borrowing on, Borrowing on insurance. 2009 tax tables Interest on, Interest on annuity contract. 2009 tax tables Life insurance proceeds used to buy, Annuity. 2009 tax tables Sale of, Sale of Annuity Single-premium, Single-premium life insurance, endowment, and annuity contracts. 2009 tax tables Trade for, Trade of investment property for an annuity. 2009 tax tables , Insurance Policies and Annuities Applicable federal rate, Applicable federal rate. 2009 tax tables Appreciated financial positions, Constructive Sales of Appreciated Financial Positions Arbitrage bonds, Arbitrage bonds. 2009 tax tables Assistance (see Tax help) At-risk rules, At-risk rules. 2009 tax tables , At-risk rules. 2009 tax tables Attorneys' fees, Attorney or accounting fees. 2009 tax tables Automatic investment service, Automatic investment service and dividend reinvestment plans. 2009 tax tables , Automatic investment service. 2009 tax tables , Automatic investment service. 2009 tax tables Average basis, Average Basis Double-category method, Transition rule from double-category method. 2009 tax tables Illustrated, Average basis method illustrated. 2009 tax tables B Backup withholding, Backup withholding. 2009 tax tables Bad debts, Nonbusiness bad debt. 2009 tax tables , Nonbusiness Bad Debts Bankrupt financial institutions Deposit in, Deposit in Insolvent or Bankrupt Financial Institution Bargain purchases, Bargain purchases. 2009 tax tables Basis, Basis of Investment Property, U. 2009 tax tables S. 2009 tax tables Treasury Notes or Bonds Adjusted, Basis adjustment. 2009 tax tables , Fair market value equal to or more than donor's adjusted basis. 2009 tax tables , Adjusted Basis, Short sales. 2009 tax tables Average, Average Basis Cost, Cost Basis, Cost Basis Inherited property, Property Received as Inheritance Investment property, Basis of Investment Property Like-kind exchanges, Basis of property received. 2009 tax tables Other than cost, Basis Other Than Cost REITs, Shares in a mutual fund or REIT. 2009 tax tables REMIC, residual interest, Basis in the residual interest. 2009 tax tables Replacement stock, Basis of replacement stock. 2009 tax tables Shares acquired by reinvestment, Reinvestment right. 2009 tax tables Stocks and bonds, Basis adjustment. 2009 tax tables , Basis. 2009 tax tables , Basis. 2009 tax tables , Stocks and Bonds Bearer obligations, Bearer CDs. 2009 tax tables , Bearer Obligations Below-market loans, Below-Market Loans Bonds Accrued interest on, Accrued interest on bonds. 2009 tax tables Amortization of premium, Bond Premium Amortization Arbitrage, Arbitrage bonds. 2009 tax tables Basis, Basis. 2009 tax tables , Stocks and Bonds Capital asset, Stocks, stock rights, and bonds. 2009 tax tables Convertible, Convertible stocks and bonds. 2009 tax tables Coupon, Coupon bonds. 2009 tax tables Enterprise zone facility, Enterprise zone facility bonds. 2009 tax tables Federally guaranteed, Federally guaranteed bonds. 2009 tax tables Identification, Identifying stock or bonds sold. 2009 tax tables Market discount, Market discount. 2009 tax tables , Limit on interest deduction for market discount bonds. 2009 tax tables , Market discount on bonds. 2009 tax tables , Market discount bonds. 2009 tax tables , Market discount bonds. 2009 tax tables New York Liberty bonds, New York Liberty bonds. 2009 tax tables Par value, Bonds purchased at par value. 2009 tax tables Premiums on, Bond premium. 2009 tax tables , Premiums on bonds. 2009 tax tables Private activity, Private activity bonds. 2009 tax tables Redemption or retirement of, Redemption or retirement of bonds. 2009 tax tables Sold between interest dates, Bonds Sold Between Interest Dates State and local government, Tax-exempt state and local government bonds. 2009 tax tables Stripped, Stripped bonds or coupons. 2009 tax tables , Stripped Bonds and Coupons, Stripped tax-exempt obligation. 2009 tax tables Tax credit bonds, Tax credit bonds. 2009 tax tables Tax-exempt, Tax-exempt state and local government bonds. 2009 tax tables Traded flat, Bonds traded flat. 2009 tax tables U. 2009 tax tables S. 2009 tax tables savings (see U. 2009 tax tables S. 2009 tax tables savings bonds) U. 2009 tax tables S. 2009 tax tables Treasury (see U. 2009 tax tables S. 2009 tax tables Treasury bills, notes, and bonds) Brokerage fees, Fees to buy or sell. 2009 tax tables , Sale expenses. 2009 tax tables C Calls and puts, Puts and Calls Table 4-3, Table 4-3. 2009 tax tables Puts and Calls Capital assets, Capital Assets and Noncapital Assets Capital gain distributions, Capital Gain Distributions, Basis adjustment. 2009 tax tables , Capital gain distributions. 2009 tax tables , Child's capital gain distributions. 2009 tax tables , Capital gain distributions received. 2009 tax tables Capital gains and losses, Capital Gains and Losses, Loss on stock that paid qualified dividends. 2009 tax tables Constructive ownership transactions, Gains From Certain Constructive Ownership Transactions Definition, Capital or Ordinary Gain or Loss Empowerment zone assets, Exclusion of Gain From DC Zone Assets Investment property, Investment property. 2009 tax tables Long-term, Short-Term or Long-Term Capital Gain or Loss, Long-term gains and losses. 2009 tax tables Long-term debt instruments, Long-term debt instruments issued after 1954 and before May 28, 1969 (or before July 2, 1982, if a government instrument). 2009 tax tables Losses, limit on, Limit on deduction. 2009 tax tables Passive activities, Passive activity gains and losses. 2009 tax tables Qualified covered call options, Capital loss on qualified covered call options. 2009 tax tables Qualified small business stock, Gains on Qualified Small Business Stock Reporting requirements, How To Report Gains and Losses (Form 6781), How to report gain. 2009 tax tables Rollover of gain from sale of securities, Rollover of Gain From Publicly Traded Securities Short-term, Short-Term or Long-Term Capital Gain or Loss, Short-term gains and losses. 2009 tax tables Tax rates, Capital Gain Tax Rates, Table 4-4. 2009 tax tables What Is Your Maximum Capital Gain Rate? Table 4-4, Table 4-4. 2009 tax tables What Is Your Maximum Capital Gain Rate? Capital loss carryover, Capital loss carryover. 2009 tax tables , Capital Losses Worksheet 4-1, Worksheet 4-1. 2009 tax tables Capital Loss Carryover Worksheet Cash method, Cash method taxpayers. 2009 tax tables , Cash method. 2009 tax tables , When To Deduct Investment Interest Reporting options for savings bond interest, Reporting options for cash method taxpayers. 2009 tax tables Cash-settled options, Cash-settled options. 2009 tax tables Casualty losses, Ordinary loss or casualty loss. 2009 tax tables CDOs (Collateralized debt obligations), Collateralized Debt Obligations (CDOs) Certificates of deposit (CDs), Certificates of Deposit (CDs) Children Alaska Permanent Fund dividends, Child's Alaska Permanent Fund dividends. 2009 tax tables Capital gain distributions, Child's capital gain distributions. 2009 tax tables Custodian account for, Custodian account for your child. 2009 tax tables Gifts to, Income from property given to a child. 2009 tax tables Investment income of, Tax on unearned income of certain children. 2009 tax tables , Investment income of child reported on parent's return. 2009 tax tables Qualified dividends, Child's qualified dividends. 2009 tax tables Savings account with parent as trustee, Savings account with parent as trustee. 2009 tax tables U. 2009 tax tables S. 2009 tax tables savings bond owner, Child as only owner. 2009 tax tables Clerical help, Clerical help and office rent. 2009 tax tables Co-owners of U. 2009 tax tables S. 2009 tax tables savings bonds, Co-owners. 2009 tax tables Collateralized debt obligations (CDOs), Collateralized Debt Obligations (CDOs) Collectibles, Collectibles gain or loss. 2009 tax tables Commissions, Commissions and load charges. 2009 tax tables Commodity futures, Commodity Futures, Commodity futures. 2009 tax tables Community property U. 2009 tax tables S. 2009 tax tables savings bonds, Community property. 2009 tax tables Constructive ownership transactions, Constructive ownership of stock. 2009 tax tables , Gains From Certain Constructive Ownership Transactions Constructive receipt, Constructive receipt. 2009 tax tables Constructive sales, Constructive Sales of Appreciated Financial Positions Contractors, insolvency of, Insolvency of contractor. 2009 tax tables Conversion transactions, Conversion Transactions Convertible stocks and bonds, Convertible stocks and bonds. 2009 tax tables Cooperatives, sales of stock to, Sales of Stock to ESOPs or Certain Cooperatives Corporate distributions, Dividends and Other Distributions Capital gain, Capital gain distributions. 2009 tax tables , Child's capital gain distributions. 2009 tax tables , Capital gain distributions received. 2009 tax tables Constructive, Constructive distributions. 2009 tax tables Dividends (see Dividends) Fractional shares, Fractional shares. 2009 tax tables Liquidating, Liquidating Distributions, Liquidating distributions. 2009 tax tables Nondividend, Nondividend Distributions, Nondividend distributions. 2009 tax tables Return of capital, Basis adjustment. 2009 tax tables Stock rights, Distributions of Stock and Stock Rights Undistributed capital gains, Undistributed capital gains of mutual funds and REITs. 2009 tax tables Corporate reorganizations, Corporate reorganizations. 2009 tax tables Cost basis, Cost Basis, Cost Basis Coupon bonds, Coupon bonds. 2009 tax tables D Day traders, Special Rules for Traders in Securities Dealer equity options, Dealer equity option. 2009 tax tables Dealer securities futures contracts, Dealer securities futures contract. 2009 tax tables Debt instruments, retirement of, Retirement of debt instrument. 2009 tax tables Decedents, Appreciated property you gave the decedent. 2009 tax tables , Decedent's capital loss. 2009 tax tables U. 2009 tax tables S. 2009 tax tables savings bond interest, reporting of, Decedents. 2009 tax tables Demutualization, Demutualization of Life Insurance Companies Deposits, loss on, Deposit in Insolvent or Bankrupt Financial Institution Discount on debt instruments, Discount on Debt Instruments Certificates of deposit, Certificates of Deposit (CDs) Election to report all interest as OID, Election To Report All Interest as OID Face-amount certificates, Face-Amount Certificates Gain or loss treatment, Discounted Debt Instruments Inflation-indexed, Inflation-Indexed Debt Instruments Market discount bonds (see Market discount bonds) Original issue discount (see Original issue discount (OID)) Short-term obligations, Discount on Short-Term Obligations, Short-term government obligations. 2009 tax tables Stripped bonds and coupons, Stripped Bonds and Coupons Discounted debt instruments, Discount on Debt Instruments Discounted tax-exempt obligations, Discounted tax-exempt obligations. 2009 tax tables Dividends, Dividends and Other Distributions, Form 1099-DIV. 2009 tax tables (see also Form 1099-DIV) Alaska Permanent Fund, Alaska Permanent Fund dividends. 2009 tax tables , Child's Alaska Permanent Fund dividends. 2009 tax tables Exempt-interest, Exempt-interest dividends. 2009 tax tables , Exempt-interest dividends. 2009 tax tables , Exempt-interest dividends on mutual fund stock. 2009 tax tables Extraordinary, Extraordinary dividends. 2009 tax tables Holding period, Holding period. 2009 tax tables Insurance policies, Dividends on insurance policies. 2009 tax tables Money market funds, Money Market Funds Nominees, Nominees. 2009 tax tables , Nominees. 2009 tax tables Ordinary, Ordinary Dividends Patronage, Patronage dividends. 2009 tax tables Payments in lieu of, Payments in lieu of dividends. 2009 tax tables Qualified, Qualified Dividends, Qualified dividends. 2009 tax tables , Child's qualified dividends. 2009 tax tables Qualified foreign corporation, Qualified foreign corporation. 2009 tax tables Received in January, Dividends received in January. 2009 tax tables Reinvestment of, Reinvested distributions. 2009 tax tables Reinvestment plans, Dividends Used To Buy More Stock, Automatic investment service and dividend reinvestment plans. 2009 tax tables , Dividend reinvestment plans. 2009 tax tables Reporting requirements, Form 1099-DIV. 2009 tax tables , How To Report Dividend Income, Stripped Preferred Stock Restricted stock, Dividends received on restricted stock. 2009 tax tables Sale or trade vs. 2009 tax tables , Dividend versus sale or trade. 2009 tax tables Scrip, Scrip dividends. 2009 tax tables Sold stock, Dividends on stock sold. 2009 tax tables Stock, Stock dividends. 2009 tax tables , Stock dividends. 2009 tax tables Underreported, Underreported interest and dividends. 2009 tax tables Veterans' insurance, Interest on VA dividends. 2009 tax tables , Dividends on veterans' insurance. 2009 tax tables Divorce, Property Received From Your Spouse, Transfers Between Spouses E Education Savings Bond Program, Education Savings Bond Program Interest excluded under, Interest excluded under the Education Savings Bond Program. 2009 tax tables Recordkeeping requirements, Education Savings Bond Program Employee stock options, Reminders Employee stock ownership plans (ESOPs), sales of stock to, Sales of Stock to ESOPs or Certain Cooperatives Employer identification numbers (EINs), Identifying number. 2009 tax tables Empowerment zone, Exclusion of Gain From DC Zone Assets Endowment contracts, Single-premium life insurance, endowment, and annuity contracts. 2009 tax tables Enterprise zone facility bonds, Enterprise zone facility bonds. 2009 tax tables Equity option, Equity option. 2009 tax tables Estate income received by beneficiary, Beneficiary of an estate or trust. 2009 tax tables Exchanges of mutual fund shares, Exchange of Shares In One Mutual Fund For Shares In Another Mutual Fund Exclusion of gain DC zone assets, Exclusion of Gain From DC Zone Assets Exempt-interest dividends on mutual fund stock, Exempt-interest dividends on mutual fund stock. 2009 tax tables Expenses of producing income, Expenses of Producing Income F Face-amount certificates, Face-Amount Certificates Fair market value, Fair market value. 2009 tax tables , Fair market value less than donor's adjusted basis. 2009 tax tables , Fair market value. 2009 tax tables Federal guarantee on bonds, Federally guaranteed bonds. 2009 tax tables Fees to buy or sell, Fees to buy or sell. 2009 tax tables Financial asset securitization investment trusts (FASITs), FASITs First-in first-out (FIFO), First-in first-out (FIFO). 2009 tax tables Foreign currency transactions, Foreign currency contract. 2009 tax tables Foreign income, Reminders Form 1040, Form 1040. 2009 tax tables , Form 1040A or Form 1040. 2009 tax tables Form 1040, Schedule B, Schedule B (Form 1040A or 1040). 2009 tax tables Form 1040, Schedule D, How to report gain. 2009 tax tables Form 1040A, Form 1040A. 2009 tax tables Form 1040X, Filing a claim for refund. 2009 tax tables Form 1041, Filing requirement. 2009 tax tables Form 1065, Filing requirement. 2009 tax tables Schedule K-1, Schedule K-1 (Form 1065). 2009 tax tables Form 1066, Schedule Q, Schedule Q (Form 1066). 2009 tax tables , Investment expenses from pass-through entities. 2009 tax tables Form 1096, File Form 1099-INT with the IRS. 2009 tax tables , File Form 1099-DIV with the IRS. 2009 tax tables , File Form 1099-B or Form 1099-S with the IRS. 2009 tax tables Form 1099-B, Form 1099-B. 2009 tax tables , Form 1099-B transactions. 2009 tax tables , File Form 1099-B or Form 1099-S with the IRS. 2009 tax tables Form 1099-CAP, Form 1099-CAP transactions. 2009 tax tables Form 1099-DIV, General Information, Form 1099-DIV. 2009 tax tables , Form 1099-DIV. 2009 tax tables , File Form 1099-DIV with the IRS. 2009 tax tables Form 1099-INT, General Information, Form 1099-INT. 2009 tax tables , Form 1099-INT for U. 2009 tax tables S. 2009 tax tables savings bond interest. 2009 tax tables , Form 1099-INT. 2009 tax tables , File Form 1099-INT with the IRS. 2009 tax tables , Forms 1099-INT and 1099-OID. 2009 tax tables , Forms 1099-INT and 1099-OID. 2009 tax tables Form 1099-MISC, Form 1099-MISC. 2009 tax tables , Reporting Substitute Payments Form 1099-OID, Form 1099-OID. 2009 tax tables , Form 1099-OID, Form 1099-OID. 2009 tax tables , Forms 1099-INT and 1099-OID. 2009 tax tables , Forms 1099-INT and 1099-OID. 2009 tax tables Form 1099-S, Form 1099-S transactions. 2009 tax tables , File Form 1099-B or Form 1099-S with the IRS. 2009 tax tables Form 1120, Filing requirement. 2009 tax tables Form 2439, Undistributed capital gains of mutual funds and REITs. 2009 tax tables Form 3115, Change from method 2. 2009 tax tables , Choosing To Amortize, How To Make the Mark-to-Market Election Form 4684, Ordinary loss or casualty loss. 2009 tax tables Form 4797, How to report. 2009 tax tables , Losses on Section 1244 (Small Business) Stock, How to report. 2009 tax tables Form 4952, Form 4952 Form 6198, At-risk rules. 2009 tax tables Form 6781, Form 6781. 2009 tax tables , How to report. 2009 tax tables , How To Report Gains and Losses (Form 6781), Section 1256 contracts and straddles. 2009 tax tables Form 8275, Negligence or disregard of rules or regulations. 2009 tax tables Form 8275-R, Negligence or disregard of rules or regulations. 2009 tax tables Form 8582, Form 8582. 2009 tax tables Form 8615, Tax on unearned income of certain children. 2009 tax tables Form 8815, Form 8815. 2009 tax tables , Figuring the interest part of the proceeds (Form 8815, line 6). 2009 tax tables , Interest excluded under the Education Savings Bond Program. 2009 tax tables Form 8824, How to report. 2009 tax tables Form 8832, Clubs formed before 1997. 2009 tax tables Form 8886, Reportable Transaction Disclosure Statement, Negligence or disregard of rules or regulations. 2009 tax tables Form 8949 Bad debts, How to report bad debts. 2009 tax tables Basis adjustment, Basis adjustment. 2009 tax tables Capital Gains, Reporting Capital Gains and Losses Capital Losses, Reporting Capital Gains and Losses Cooperative, sale to certain, Sales of Stock to ESOPs or Certain Cooperatives Copyrights in musical works, Capital asset treatment for self-created musical works. 2009 tax tables Employee stock ownership plan, sale to, Sales of Stock to ESOPs or Certain Cooperatives Empowerment Zone Assets, Exclusion of Gain From DC Zone Assets Exempt-interest dividends, Exempt-interest dividends on mutual fund stock. 2009 tax tables Form 1099-B, Form 1099-B. 2009 tax tables , Form 1099-B transactions. 2009 tax tables Form 1099-CAP, Form 1099-CAP transactions. 2009 tax tables Form 1099-S, Form 1099-S transactions. 2009 tax tables Fractional shares, Fractional shares. 2009 tax tables Gain, qualified small business stock, How to report gain. 2009 tax tables How to fill in, generally, Reporting Capital Gains and Losses Long-term gains and losses, Long-term gains and losses. 2009 tax tables Marked-to-market election, Mark-to-market election made. 2009 tax tables Market discount bonds, Market discount bonds. 2009 tax tables , Market discount bonds. 2009 tax tables Musical compositions, Capital asset treatment for self-created musical works. 2009 tax tables Nominees, Nominees. 2009 tax tables Nonbusiness bad debt, Nonbusiness bad debt. 2009 tax tables Nondividend distributions, Nondividend distributions. 2009 tax tables Option, How to report. 2009 tax tables Property bought at various times, Sale of property bought at various times. 2009 tax tables Rollover, publicly traded securities, Rollover of Gain From Publicly Traded Securities Rollover, qualified small business stock, How to report gain. 2009 tax tables Sale expenses, Sale expenses. 2009 tax tables Short-term gains and losses, Short-term gains and losses. 2009 tax tables Software, Stocks and Bonds Worthless securities, How to report loss. 2009 tax tables Form SS-4, Identifying number. 2009 tax tables Form W-8BEN, Nonresident aliens. 2009 tax tables Form W-9, Certification. 2009 tax tables Fractional shares, Fractional shares. 2009 tax tables , Automatic investment service. 2009 tax tables Free tax services, Free help with your tax return. 2009 tax tables Frozen deposits, Interest income on frozen deposits. 2009 tax tables , Frozen deposits. 2009 tax tables Futures contracts Regulated, Regulated futures contract. 2009 tax tables Securities, Securities futures contract. 2009 tax tables , Securities futures contract to sell. 2009 tax tables , Securities Futures Contracts Futures, commodity, Commodity Futures, Commodity futures. 2009 tax tables Wash sales, Options and futures contracts. 2009 tax tables G Gains on qualified small business stock, Gains on Qualified Small Business Stock Gains on sales or trades, How To Figure Gain or Loss, Gain on Sale or Trade of Depreciable Property, Property received from a related party. 2009 tax tables (see also Capital gains and losses) Gifts, What's New, Income from property given to a child. 2009 tax tables , Property Received as a Gift, Property received as a gift. 2009 tax tables Gifts of shares, Shares received as gift. 2009 tax tables Government obligations, Government obligations. 2009 tax tables H Hedging transactions, Hedging exception. 2009 tax tables , Hedging Transactions, Hedging transaction. 2009 tax tables Help (see Tax help) Holding period Investment property, Holding Period Replacement stock, Holding period of replacement stock. 2009 tax tables Shares acquired by reinvestment, Reinvested distributions. 2009 tax tables Straddles, Holding Period and Loss Treatment Rules I Income from sources outside U. 2009 tax tables S. 2009 tax tables , Reminders Income tax treaties (Table 1-3), Qualified Dividends Indian tribal government, Indian tribal government. 2009 tax tables Individual retirement arrangements (IRAs) Interest income, Individual retirement arrangements (IRAs). 2009 tax tables Inflation-indexed debt instruments, Inflation-Indexed Debt Instruments, Stripped inflation-indexed debt instruments. 2009 tax tables Inherited property Basis, Property Received as Inheritance Holding period, Inherited property. 2009 tax tables Transfer by inheritance, Transfer by inheritance. 2009 tax tables Insolvency of contractors, Insolvency of contractor. 2009 tax tables Installment sales, Installment sales. 2009 tax tables Insurance Borrowing on, Borrowing on insurance. 2009 tax tables Dividends, interest on, Interest on insurance dividends. 2009 tax tables , Dividends on insurance policies. 2009 tax tables Interest option on, Interest option on insurance. 2009 tax tables Life insurance companies, demutualization, Demutualization of Life Insurance Companies Life, paid to beneficiary, Insurance Prepaid premiums, Prepaid insurance premiums. 2009 tax tables Single-premium life, Single-premium life insurance, endowment, and annuity contracts. 2009 tax tables Trades, Insurance Policies and Annuities Veterans' dividends, interest on, Interest on VA dividends. 2009 tax tables , Dividends on veterans' insurance. 2009 tax tables Interest expenses Allocation of, Allocation of Interest Expense Investment interest, Investment Interest Limit on, Limit on interest deduction for market discount bonds. 2009 tax tables , Limit on Deduction When to deduct, When To Deduct Investment Interest Margin accounts, Interest on margin accounts. 2009 tax tables Paid in advance, Interest paid in advance. 2009 tax tables Straddles, Interest expense and carrying charges on straddles. 2009 tax tables Interest income, Interest Income Annuity contracts, Interest on annuity contract. 2009 tax tables Bonds traded flat, Bonds traded flat. 2009 tax tables Certificates of deposits, Certificates of deposit and other deferred interest accounts. 2009 tax tables Condemnation awards, Interest on condemnation award. 2009 tax tables Deferred interest accounts, Certificates of deposit and other deferred interest accounts. 2009 tax tables Dividends on deposit or share accounts, Dividends that are actually interest. 2009 tax tables Frozen deposits, Interest income on frozen deposits. 2009 tax tables , Frozen deposits. 2009 tax tables Gift for opening account, Gift for opening account. 2009 tax tables Individual retirement arrangements (IRAs), Individual retirement arrangements (IRAs). 2009 tax tables Installment sale payments, Installment sale payments. 2009 tax tables Insurance dividends, Interest on insurance dividends. 2009 tax tables Money market funds, Money market funds. 2009 tax tables Nominee distributions, Nominees. 2009 tax tables Prepaid insurance premiums, Prepaid insurance premiums. 2009 tax tables Reporting, When To Report Interest Income, Penalty on early withdrawal of savings. 2009 tax tables Seller-financed mortgage, Form 1040A. 2009 tax tables , Interest on seller-financed mortgage. 2009 tax tables Tax refunds, Interest on tax refunds. 2009 tax tables Tax-exempt, Tax-Exempt Interest, Reporting tax-exempt interest. 2009 tax tables Taxable, Taxable Interest — General, Bonds traded flat. 2009 tax tables , Taxation of interest. 2009 tax tables , Taxable Interest U. 2009 tax tables S. 2009 tax tables savings bonds, person responsible for tax (Table 1-2), Table 1-2. 2009 tax tables Who Pays the Tax on U. 2009 tax tables S. 2009 tax tables Savings Bond Interest Underreported, Underreported interest and dividends. 2009 tax tables Unstated, Unstated interest. 2009 tax tables Usurious interest, Usurious interest. 2009 tax tables VA insurance dividends, Interest on VA dividends. 2009 tax tables Investment clubs, Investment Clubs, Filing requirement. 2009 tax tables Investment counsel and advice, Investment counsel and advice. 2009 tax tables Investment expenses, Investment Expenses Allocated, Allocated investment expenses. 2009 tax tables At-risk rules, At-risk rules. 2009 tax tables Deductible, Expenses of Producing Income Interest, Investment interest deducted. 2009 tax tables Limits on deductions, Limits on Deductions Nondeductible, Nondeductible Expenses Pass-through entities, Investment expenses from pass-through entities. 2009 tax tables Reporting requirements, How To Report Investment Expenses Investment income, Investment Income Children, Tax on unearned income of certain children. 2009 tax tables , Investment income of child reported on parent's return. 2009 tax tables General Information, General Information Net income, Net Investment Income Records to keep, General Information Reporting of (Table 1-1), Table 1-1. 2009 tax tables Where To Report Common Types of Investment Income Investment property, Investment property. 2009 tax tables Basis, Basis of Investment Property Definition, Investment property. 2009 tax tables Gain or loss treatment, Investment property. 2009 tax tables Gift, received as, Property Received as a Gift Holding period, Holding Period Liquidation, received in, Investment property received in liquidation. 2009 tax tables Nontaxable trades, received in, Property Received in Nontaxable Trades Sales and trades, Sales and Trades of Investment Property Services, received for, Property Received for Services Spouse, received from, Property Received From Your Spouse Taxable trades, received in, Property Received in Taxable Trades J Joint accounts, Joint accounts. 2009 tax tables Joint and separate returns, Joint return. 2009 tax tables , Joint and separate returns. 2009 tax tables L Life insurance companies demutualization, Demutualization of Life Insurance Companies Like-kind exchanges, Like-Kind Exchanges, Like-Kind Exchanges Basis of property received, Basis of property received. 2009 tax tables Reporting requirements, How to report. 2009 tax tables Liquidating distributions, Liquidating Distributions, Investment property received in liquidation. 2009 tax tables Listed options, Listed option. 2009 tax tables Load charges, Commissions and load charges. 2009 tax tables Loans Below-market, Below-Market Loans, Effective dates. 2009 tax tables Gift and demand, Gift and demand loans. 2009 tax tables Guarantees, Loan guarantees. 2009 tax tables Term, Term loans. 2009 tax tables Local government obligations (see State or local government obligations) Long-term capital gains and losses, Short-Term or Long-Term Capital Gain or Loss, Long-term gains and losses. 2009 tax tables Long-term debt instruments, Long-term debt instruments issued after 1954 and before May 28, 1969 (or before July 2, 1982, if a government instrument). 2009 tax tables Losses on sales or trades, Property received from a related party. 2009 tax tables (see also Capital gains and losses) Amount calculation, How To Figure Gain or Loss Carryback election, Loss carryback election. 2009 tax tables , Loss carryback election. 2009 tax tables Mutual fund or REIT stock held 6 months or less, Loss on mutual fund or REIT stock held 6 months or less. 2009 tax tables Passive activities, Passive activity losses. 2009 tax tables , Passive activity losses. 2009 tax tables , Passive activity losses and credits. 2009 tax tables , Losses from passive activities. 2009 tax tables Related parties, Losses on Sales or Trades of Property Section 1244 (small business) stock, Losses on Section 1244 (Small Business) Stock Small business investment company stock, Losses on Small Business Investment Company Stock Wash sales, Coordination of Loss Deferral Rules and Wash Sale Rules M Mark-to-market election, Mark-to-market election made. 2009 tax tables Marked-to-market rules, Marked-to-Market Rules, Mark-to-market election made. 2009 tax tables Market discount bonds, Market discount. 2009 tax tables , Market Discount Bonds, Partial principal payments. 2009 tax tables , Limit on interest deduction for market discount bonds. 2009 tax tables , Market discount on bonds. 2009 tax tables , Market discount bonds. 2009 tax tables , Market discount bonds. 2009 tax tables Accrued market discount, Accrued market discount. 2009 tax tables Maximum rate of capital gains (Table 4-4), Table 4-4. 2009 tax tables What Is Your Maximum Capital Gain Rate? Mechanics' and suppliers' liens, Mechanics' and suppliers' liens. 2009 tax tables Meetings, expenses of attending, Stockholders' meetings. 2009 tax tables Missing children, photographs of, Reminders Mixed straddles, Mixed straddles. 2009 tax tables , Mixed straddles. 2009 tax tables Money market funds, Money Market Funds Interest income, Money market funds. 2009 tax tables Mortgages Revenue bonds, Mortgage revenue bonds. 2009 tax tables Secondary liability on home, Secondary liability on home mortgage. 2009 tax tables Seller-financed, Interest on seller-financed mortgage. 2009 tax tables Municipal bonds, State or Local Government Obligations, Reporting tax-exempt interest. 2009 tax tables , Tax-exempt state and local government bonds. 2009 tax tables (see also State or local government obligations) Mutual funds, Capital Gain Distributions, Other income (nonpassive income). 2009 tax tables , Choosing to include net capital gain. 2009 tax tables , Including mutual fund or REMIC expenses in income. 2009 tax tables , Shares in a mutual fund or REIT. 2009 tax tables , Special Rules for Mutual Funds, Loss on mutual fund or REIT stock held 6 months or less. 2009 tax tables Individual retirement arrangements (IRAs), Qualified retirement plans and IRAs. 2009 tax tables publicly offered, Publicly-offered mutual funds. 2009 tax tables N Net Investment Income Tax, What's New, Net investment income tax (NIIT). 2009 tax tables New York Liberty bonds, New York Liberty bonds. 2009 tax tables NIIT, What's New, Net investment income tax (NIIT). 2009 tax tables Nominee distributions Dividends, Nominees. 2009 tax tables , Nominees. 2009 tax tables Interest income, Nominees. 2009 tax tables , Nominee distributions. 2009 tax tables Original issue discount, Nominee. 2009 tax tables Nonbusiness bad debts, Nonbusiness bad debt. 2009 tax tables , Nonbusiness Bad Debts Noncapital assets, Capital Assets and Noncapital Assets Nondeductible investment expenses, Nondeductible Expenses Nondividend distributions, Nondividend Distributions Nonequity options, Nonequity option. 2009 tax tables Nonqualified preferred stock, Nonqualified preferred stock. 2009 tax tables Nonresident aliens Backup withholding, Nonresident aliens. 2009 tax tables Nontaxable return of capital, Basis adjustment. 2009 tax tables Nontaxable stock rights, Nontaxable stock rights. 2009 tax tables Nontaxable trades, Nontaxable Trades, Nontaxable trades. 2009 tax tables Notes Individuals, bought at discount, Notes of individuals. 2009 tax tables U. 2009 tax tables S. 2009 tax tables Treasury (see U. 2009 tax tables S. 2009 tax tables Treasury bills, notes, and bonds) O Office expenses, Clerical help and office rent. 2009 tax tables Options, Options Calls and puts, Puts and Calls Cash settlement, Cash-settled options. 2009 tax tables , Cash settlement option. 2009 tax tables Dealer equity, Dealer equity option. 2009 tax tables Deep-in-the-money, Qualified covered call options and optioned stock. 2009 tax tables Employee stock, Reminders Equity, Equity option. 2009 tax tables Gain or loss, Options, Qualified covered call options and optioned stock. 2009 tax tables Holding period, Option exercised. 2009 tax tables Listed, Listed option. 2009 tax tables Nonequity, Nonequity option. 2009 tax tables Qualified covered call, Qualified covered call options and optioned stock. 2009 tax tables Reporting requirements, How to report. 2009 tax tables Section 1256 contracts, Section 1256 Contracts Marked to Market, Section 1256 contract options. 2009 tax tables Wash sales, Options and futures contracts. 2009 tax tables Ordinary gains and losses, Capital or Ordinary Gain or Loss, Ordinary loss or casualty loss. 2009 tax tables Original issue discount (OID), Original issue discount. 2009 tax tables , Original Issue Discount (OID), Stripped tax-exempt obligations. 2009 tax tables , Original issue discount (OID) on debt instruments. 2009 tax tables Adjustment to, Original issue discount (OID) adjustment. 2009 tax tables Reporting requirements, Exceptions to reporting OID. 2009 tax tables , Form 1099-OID Rules, Applying the OID Rules P Pass-through entities Rollover of gain, Pass-through entity. 2009 tax tables Passive activities Gains and losses, Passive activity losses. 2009 tax tables , Passive activity losses. 2009 tax tables , Passive activity losses and credits. 2009 tax tables , Losses from passive activities. 2009 tax tables , Passive activity gains and losses. 2009 tax tables Patronage dividends, Patronage dividends. 2009 tax tables Penalties Accuracy-related, Accuracy-related penalty. 2009 tax tables , Accuracy-related penalties. 2009 tax tables Backup withholding, Penalties. 2009 tax tables Civil fraud, Civil fraud penalty. 2009 tax tables Early withdrawal, Interest subject to penalty for early withdrawal. 2009 tax tables , Penalty on early withdrawal of savings. 2009 tax tables Failure to pay tax, Failure to pay tax. 2009 tax tables Failure to supply SSN, Penalty for failure to supply SSN. 2009 tax tables Substantial understatement, Substantial understatement of tax. 2009 tax tables Valuation misstatement, Substantial valuation misstatement. 2009 tax tables Political parties Debts owed by, Debts owed by political parties. 2009 tax tables Preferred stock Nonqualified, Nonqualified preferred stock. 2009 tax tables Redeemable at a premium, Preferred stock redeemable at a premium. 2009 tax tables Stripped, Stripped Preferred Stock Premiums on bonds, Bond premium. 2009 tax tables , Premiums on bonds. 2009 tax tables Private activity bonds, Private activity bonds. 2009 tax tables Public utility stock reinvestment, Public utilities. 2009 tax tables Publications (see Tax help) Puts and calls, Puts and Calls Table 4-3, Table 4-3. 2009 tax tables Puts and Calls Q Qualified dividends, Qualified dividends. 2009 tax tables Qualified small business stock, Qualified small business stock. 2009 tax tables , Qualified small business stock. 2009 tax tables , Gains on Qualified Small Business Stock Gains on, Gains on Qualified Small Business Stock R Real estate investment trusts (REITs), Undistributed capital gains of mutual funds and REITs. 2009 tax tables , Shares in a mutual fund or REIT. 2009 tax tables , Loss on mutual fund or REIT stock held 6 months or less. 2009 tax tables Real estate mortgage investment conduits (REMICs), REMICs, Expenses. 2009 tax tables , Including mutual fund or REMIC expenses in income. 2009 tax tables Regular interest, Regular Interest Residual interest, Residual Interest, Residual interests in a REMIC. 2009 tax tables Recordkeeping requirements Education Savings Bond Program, Education Savings Bond Program Investment income, General Information Small business stock, Losses on Section 1244 (Small Business) Stock Redemption of stock, Redemption of stock. 2009 tax tables Redemption or retirement of bonds, Redemption or retirement of bonds. 2009 tax tables Regulated futures contract, Regulated futures contract. 2009 tax tables Reinvestment rights, Commissions and load charges. 2009 tax tables REITs (see Real estate investment trusts (REITs)) Related party transactions, Unpaid expenses owed to related party. 2009 tax tables , Related Party Transactions, Property received from a related party. 2009 tax tables Related persons, Related persons. 2009 tax tables REMICs (see Real estate mortgage investment conduits (REMICs)) Reorganizations, corporate, Corporate reorganizations. 2009 tax tables Reporting requirements Bad debts, How to report bad debts. 2009 tax tables Bond premium amortization, How To Report Amortization Capital gains and losses, How To Report Gains and Losses (Form 6781), How to report gain. 2009 tax tables , Reporting Capital Gains and Losses Dividend income, How To Report Dividend Income Exempt-interest dividends, Information reporting requirement. 2009 tax tables Interest on U. 2009 tax tables S. 2009 tax tables savings bonds, Reporting options for cash method taxpayers. 2009 tax tables , Choice to report interest each year. 2009 tax tables Investment expenses, How To Report Investment Expenses Like-kind exchanges, How to report. 2009 tax tables Options, How to report. 2009 tax tables Original issue discount, Form 1099-OID S corporation income, deductions, and credits, Reporting S corporation income, deductions, and credits. 2009 tax tables Section 1256 contracts, How To Report State or local government obligations, Information reporting requirement. 2009 tax tables Straddles, Section 1256 contracts and straddles. 2009 tax tables Substitute payments, Reporting Substitute Payments Tax-exempt interest income, Reporting tax-exempt interest. 2009 tax tables Trades, How To Report Repossession of real property, Real property repossessed. 2009 tax tables Restricted property, Restricted property. 2009 tax tables Restricted stock, Dividends received on restricted stock. 2009 tax tables Retirement of debt instrument, Retirement of debt instrument. 2009 tax tables Return of capital (see Nondividend distributions) Revocable trust, trustee's commissions for, Trustee's commissions for revocable trust. 2009 tax tables Rollover of gain from sale Securities, Rollover of Gain From Publicly Traded Securities, Rollover of Gain S S corporations, S Corporations, S corporation stock. 2009 tax tables Safe deposit box, Safe deposit box rent. 2009 tax tables Sales and trades of investment property, Sales and Trades of Investment Property Definition, What Is a Sale or Trade? Savings bonds (see U. 2009 tax tables S. 2009 tax tables savings bonds) SBIC stock (see Small business investment company stock) Scrip dividends, Scrip dividends. 2009 tax tables Section 1202 gain, Section 1202 Exclusion, Gain on qualified small business stock. 2009 tax tables Section 1244 stock, Losses on Section 1244 (Small Business) Stock Section 1250 gain, Unrecaptured section 1250 gain. 2009 tax tables Section 1256 contracts, Section 1256 Contracts Marked to Market, Section 1256 contracts. 2009 tax tables , Section 1256 contract options. 2009 tax tables , Section 1256 contracts and straddles. 2009 tax tables Net gain on, Net section 1256 contracts gain. 2009 tax tables Net loss on, Net section 1256 contracts loss. 2009 tax tables Reporting requirements, How To Report Securities Holding period, Holding Period Installment sales, Installment sales. 2009 tax tables Lost, stolen, etc. 2009 tax tables , cost of replacing, Cost of replacing missing securities. 2009 tax tables Rollover of gain from sale, Rollover of Gain From Publicly Traded Securities, Rollover of Gain Traders in, Special Rules for Traders in Securities Worthless, Worthless Securities, Worthless securities. 2009 tax tables Securities futures contracts, Dealer securities futures contract. 2009 tax tables , Securities futures contract. 2009 tax tables , Securities Futures Contracts Self-employment income, Self-Employment Income Self-employment tax, Self-employment tax. 2009 tax tables Seller-financed mortgages, Interest on seller-financed mortgage. 2009 tax tables Short sales, Short Sales, Extraordinary dividends. 2009 tax tables Adjusted basis, Short sales. 2009 tax tables Expenses of, Short-sale expenses. 2009 tax tables Extraordinary dividends, Extraordinary dividends. 2009 tax tables Puts, Put option as short sale. 2009 tax tables Small business investment company stock, Short sale. 2009 tax tables Short-term capital gains and losses, Short-Term or Long-Term Capital Gain or Loss, Short-term gains and losses. 2009 tax tables Short-term obligations, Discount on Short-Term Obligations, Choosing to include accrued discount and other interest in current income. 2009 tax tables , Acquisition discount on short-term obligations. 2009 tax tables , Short-term government obligations. 2009 tax tables Interest deduction, limit on, Limit on interest deduction for short-term obligations. 2009 tax tables Sixty/forty (60/40) rule, 60/40 rule. 2009 tax tables Small business investment company stock, Losses on Small Business Investment Company Stock, SSBIC stock. 2009 tax tables Reporting requirements, How to report. 2009 tax tables Small business stock, Qualified small business stock. 2009 tax tables , Losses on Section 1244 (Small Business) Stock, Qualified small business stock. 2009 tax tables , Gains on Qualified Small Business Stock Social security number (SSN) Custodial accounts, Custodian account for your child. 2009 tax tables Joint accounts, SSN for joint account. 2009 tax tables Requirement to give, Social security number (SSN). 2009 tax tables Specialized small business investment company stock, Specialized small business investment company stock or partnership interest. 2009 tax tables , SSBIC stock. 2009 tax tables Spouses Transfers between, Property Received From Your Spouse, Transfers Between Spouses (see also Related party transactions) State or local government obligations, State or Local Government Obligations, Taxable Interest Market discount bonds (see Market discount bonds) Private activity bonds, Private activity bonds. 2009 tax tables Registration requirement, Registration requirement. 2009 tax tables Tax-exempt interest, Tax-Exempt Interest Taxable interest, Taxable Interest Stock Basis, Basis adjustment. 2009 tax tables , Basis adjustment. 2009 tax tables , Basis. 2009 tax tables , Stocks and Bonds, Basis of replacement stock. 2009 tax tables Capital asset, Stocks, stock rights, and bonds. 2009 tax tables Constructive ownership, Constructive ownership of stock. 2009 tax tables Convertible, Convertible stocks and bonds. 2009 tax tables Corporate, Corporate Stocks Dividends (see Dividends) Fractional shares, Fractional shares. 2009 tax tables , Automatic investment service. 2009 tax tables Identification, Identifying stock or bonds sold. 2009 tax tables Installment sales, Installment sales. 2009 tax tables Nonqualified preferred stock, Nonqualified preferred stock. 2009 tax tables Options for employees, Reminders Public utility, reinvestment, Public utilities. 2009 tax tables Redemption of, Redemption of stock. 2009 tax tables Replacement stock, Basis of replacement stock. 2009 tax tables Restricted stock, Dividends received on restricted stock. 2009 tax tables Rights, Distributions of Stock and Stock Rights, Stock rights. 2009 tax tables , Nontaxable stock rights. 2009 tax tables S corporations, S corporation stock. 2009 tax tables Sales to ESOPs or cooperatives, Sales of Stock to ESOPs or Certain Cooperatives Small business, Qualified small business stock. 2009 tax tables , Qualified small business stock. 2009 tax tables Specialized small business investment company, Specialized small business investment company stock or partnership interest. 2009 tax tables Splits, Stock splits. 2009 tax tables Straddles (see Straddles) Stripped preferred stock, Stripped Preferred Stock Surrender of, Surrender of stock. 2009 tax tables Trades, Stock for stock of the same corporation. 2009 tax tables Trust instruments treated as, Certain trust instruments treated as stock. 2009 tax tables Straddles, Straddles, Interest expense and carrying charges relating to mixed straddle account positions. 2009 tax tables Holding period, Holding Period and Loss Treatment Rules Interest expense and carrying charges, Interest expense and carrying charges on straddles. 2009 tax tables Loss deferral rules, Loss Deferral Rules Mixed, Mixed straddles. 2009 tax tables , Mixed straddles. 2009 tax tables , Mixed Straddle Elections Reporting requirements, Section 1256 contracts and straddles. 2009 tax tables Stripped bonds and coupons, Stripped bonds or coupons. 2009 tax tables , Stripped Bonds and Coupons, Stripped tax-exempt obligation. 2009 tax tables Stripped preferred stock, Stripped Preferred Stock Substitute payments, Reporting Substitute Payments T Tables Capital gains maximum rate (Table 4-4), Table 4-4. 2009 tax tables What Is Your Maximum Capital Gain Rate? Income tax treaties (Table 1-3), Qualified Dividends Investment income, reporting of (Table 1-1), Table 1-1. 2009 tax tables Where To Report Common Types of Investment Income Puts and calls (Table 4-3), Table 4-3. 2009 tax tables Puts and Calls U. 2009 tax tables S. 2009 tax tables savings bonds, person responsible for tax (Table 1-2), Table 1-2. 2009 tax tables Who Pays the Tax on U. 2009 tax tables S. 2009 tax tables Savings Bond Interest Tax credit bonds, Tax credit bonds. 2009 tax tables Tax help, How To Get Tax Help Tax rates, What's New Capital gain and losses, Capital Gain Tax Rates Tax refunds Interest on, Interest on tax refunds. 2009 tax tables Tax shelters, Tax Shelters and Other Reportable Transactions, Whether To Invest Penalties, Penalties Reporting requirements, Investor Reporting Rules to curb abuse, Rules To Curb Abusive Tax Shelters Tax-exempt bonds, Tax-exempt state and local government bonds. 2009 tax tables Tax-exempt income Expenses of, Tax-exempt income. 2009 tax tables Interest, Tax-Exempt Interest, Reporting tax-exempt interest. 2009 tax tables Tax-exempt obligations, Tax-Exempt Interest, Stripped tax-exempt obligations. 2009 tax tables , Discounted tax-exempt obligations. 2009 tax tables Taxable income, expenses of, Expenses for both tax-exempt and taxable income. 2009 tax tables Taxes State and local transfer, State and local transfer taxes. 2009 tax tables State income, State income taxes. 2009 tax tables Term loans, Term loans. 2009 tax tables Trade or business, Passive activity. 2009 tax tables Traders in securities, Special Rules for Traders in Securities Trades Insurance, Insurance Policies and Annuities Investment property, Sales and Trades of Investment Property Like-kind, Like-Kind Exchanges, Like-Kind Exchanges Nontaxable, Property Received in Nontaxable Trades, Nontaxable Trades, Nontaxable trades. 2009 tax tables Reporting requirements, How To Report Stock, Stock for stock of the same corporation. 2009 tax tables Taxable, Property Received in Taxable Trades U. 2009 tax tables S. 2009 tax tables Treasury notes or bonds, U. 2009 tax tables S. 2009 tax tables Treasury Notes or Bonds Treasury bills, notes, and bonds (see U. 2009 tax tables S. 2009 tax tables Treasury bills, notes, and bonds) Treasury inflation-indexed securities, Inflation-Indexed Debt Instruments Treasury inflation-protected securities (TIPS), Treasury inflation-protected securities (TIPS). 2009 tax tables , Inflation-Indexed Debt Instruments Treaties, income tax (Table 1-3), Qualified Dividends Trust income received by beneficiary, Beneficiary of an estate or trust. 2009 tax tables Trustee's commission for revocable trust, Trustee's commissions for revocable trust. 2009 tax tables U U. 2009 tax tables S. 2009 tax tables savings bonds, U. 2009 tax tables S. 2009 tax tables obligations. 2009 tax tables , U. 2009 tax tables S. 2009 tax tables Savings Bonds Reporting interest on, U. 2009 tax tables S. 2009 tax tables obligations. 2009 tax tables , U. 2009 tax tables S. 2009 tax tables Savings Bonds Retirement or profit-sharing plan, distributed from, Savings bonds distributed from a retirement or profit-sharing plan. 2009 tax tables Worksheet, Worksheet for savings bonds distributed from a retirement or profit-sharing plan. 2009 tax tables Tax, responsible person (Table 1-2), Table 1-2. 2009 tax tables Who Pays the Tax on U. 2009 tax tables S. 2009 tax tables Savings Bond Interest U. 2009 tax tables S. 2009 tax tables Treasury bills, notes, and bonds, U. 2009 tax tables S. 2009 tax tables obligations. 2009 tax tables , U. 2009 tax tables S. 2009 tax tables Treasury Bills, Notes, and Bonds, U. 2009 tax tables S. 2009 tax tables Treasury Notes or Bonds, U. 2009 tax tables S. 2009 tax tables Treasury notes and bonds. 2009 tax tables Undistributed capital gains, Undistributed capital gains. 2009 tax tables Usurious interest, Usurious interest. 2009 tax tables V Veterans' insurance Dividends on, Dividends on veterans' insurance. 2009 tax tables W Warrants, Warrants. 2009 tax tables Wash sales, Wash Sales, Securities Futures Contracts Holding period, Wash sales. 2009 tax tables Loss deferral rules, straddles, Coordination of Loss Deferral Rules and Wash Sale Rules Withholding, backup, Backup withholding. 2009 tax tables Worksheets Capital loss carryover, Worksheet 4-1. 2009 tax tables Capital Loss Carryover Worksheet Worthless securities, Worthless Securities, Worthless securities. 2009 tax tables Prev  Up     Home   More Online Publications
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Understanding Your CP267A Notice

You received a CP267A Notice because you’ve overpaid the Branded Prescription Drug Fee.


What you need to do

  • Call us within 30 days of the notice date between 8:00 a.m. and 4:30 p.m. Central Time at the number on your notice.
  • Identify your payments by tax form, fee year, and amount.
  • Tell us if we have misapplied any of your payments.
  • Inform us where you want to apply the overpayment.

You may want to...

  • Review your Letter 4658, Final Fee Calculation
  • Visit www.irs.gov and search for the key phrase “Branded Prescription Drug.”
  • For tax forms, instructions, and publications, visit www.irs.gov or call 1-800-TAX-FORM (1-800-829-3676).

Answers to Common Questions

Why am I getting this notice?

We've sent you this notice because our records indicate you over paid your Branded Prescription Drug Fee. We need you to confirm that your payment was intended for another fee year or inform us where you want to apply the overpayment.

What is an "overpayment," and how is that different from a "refund?"

An "overpayment" occurs when you pay more taxes during the year than what you owe. This can either be refunded to you or applied to other taxes.


Tax forms or publications you may find useful

  • Report of Branded Prescription Drug Information Form 8947

How to get help

Calling the 1-800 number listed on the top right corner of your notice is the fastest way to get your questions answered.

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


Reading your notice

Your notice may look different from the sample because the information contained in your notice is tailored to your situation.

Notice CP267A, Page 1

Page Last Reviewed or Updated: 24-Sep-2013

Printable samples of this notice (PDF)

 

 

How to get help

  • Call the 1-800 number listed on the top right corner of your notice.
  • Authorize someone (e.g., accountant) to contact the IRS on your behalf using Form 2848.
  • See if you qualify for help from a Low Income Taxpayer Clinic.
     

The 2009 Tax Tables

2009 tax tables 2. 2009 tax tables   Filing Requirements and Required Disclosures Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Annual Information ReturnsSupporting Organization Annual Information Return Unrelated Business Income Tax ReturnEstimated tax. 2009 tax tables Employment Tax ReturnsException. 2009 tax tables FUTA tax exception. 2009 tax tables FICA tax exemption election. 2009 tax tables Revoking the election. 2009 tax tables Definitions. 2009 tax tables Effect on employees. 2009 tax tables Political Organization Income Tax ReturnExempt function. 2009 tax tables Political organization taxable income. 2009 tax tables Separate fund. 2009 tax tables Failure to file. 2009 tax tables Failure to pay on time. 2009 tax tables Reporting Requirements for a Political OrganizationForm 8871 Form 8872 Donee Information ReturnCharitable deduction property. 2009 tax tables Publicly traded securities. 2009 tax tables Exceptions. 2009 tax tables Form 8283. 2009 tax tables Information Provided to DonorsDisclosure of Quid Pro Quo Contributions Acknowledgment of Charitable Contributions of $250 or More Acknowledgment of Vehicle Contribution Qualified Intellectual Property Report of Cash Received Public Inspection of Exemption Applications, Annual Returns, and Political Organization Reporting FormsAnnual Information Return Public Inspection of Exemption Application Political Organization Reporting Forms Required DisclosuresSolicitation of Nondeductible Contributions Sales of Information or Services Available Free From Government Dues Used for Lobbying or Political Activities Prohibited Tax Shelter Transactions Miscellaneous RulesOrganizational Changes and Exempt Status Introduction Most exempt organizations (including private foundations) must file various returns and reports at some time during (or following the close of) their accounting period. 2009 tax tables Topics - This chapter discusses: Annual information returns Unrelated business income tax return Employment tax returns Political organization income tax return Reporting requirements for a political organization Donee information return Information provided to donors Report of cash received Public inspection of exemption applications, annual returns, and political organizations reporting forms Required disclosures Miscellaneous rules Useful Items - You may want to see: Publication 15 Circular E, Employer's Tax Guide 15-A Employer's Supplemental Tax Guide 15-B Employer's Tax Guide to Fringe Benefits 598 Tax on Unrelated Business Income of Exempt Organizations Form (and Instructions) 941 Employer's Quarterly Federal Tax Return 990 Return of Organization Exempt From Income Tax 990-EZ Short Form Return of Organization Exempt From Income Tax Schedule A (Form 990 or 990-EZ) Public Charity Status and Public Support Schedule B (Form 990, 990-EZ, or 990-PF) Schedule of Contributors Schedule C (Form 990 or 990-EZ) Political Campaign and Lobbying Activities Schedule D (Form 990) Supplemental Financial Statements Schedule E (Form 990 or 990-EZ) Schools Schedule F (Form 990) Statement of Activities Outside the United States Schedule G (Form 990 or 990-EZ) Supplemental Information Regarding Fundraising or Gaming Activities Schedule H (Form 990) Hospitals Schedule I (Form 990) Grants and Other Assistance to Organizations, Governments, and Individuals in the United States Schedule J (Form 990) Compensation Information Schedule K (Form 990) Supplemental Information on Tax-Exempt Bonds Schedule L (Form 990 or 990-EZ) Transactions With Interested Persons Schedule M (Form 990) Noncash Contributions Schedule N (Form 990 or 990-EZ) Liquidation, Termination, Dissolution, or Significant Disposition of Assets Schedule O (Form 990 or 990-EZ) Supplemental Information to Form 990 Schedule R (Form 990) Related Organizations and Unrelated Partnerships 990-PF Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation 990-BL Information and Initial Excise Tax Return for Black Lung Benefit Trusts and Certain Related Persons 990-T Exempt Organization Business Income Tax Return 990-W Estimated Tax on Unrelated Business Taxable Income for Tax-Exempt Organizations 1120-POL U. 2009 tax tables S. 2009 tax tables Income Tax Return for Certain Political Organizations 4720 Return of Certain Excise Taxes Under Chapters 41 and 42 of the Internal Revenue Code 5768 Election/Revocation of Election by an Eligible Section 501(c)(3) Organization To Make Expenditures To Influence Legislation 6069 Return of Excise Tax on Excess Contributions to Black Lung Benefit Trust Under Section 4953 and Computation of Section 192 Deduction 7004 Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns 8274 Certification by Churches and Qualified Church-Controlled Organizations Electing Exemption from Employer Social Security and Medicare Taxes 8282 Donee Information Return 8300 Report of Cash Payments Over $10,000 Received in a Trade or Business 8453-X Political Organization Declaration for Electronic Filing of Notice of Section 527 Status 8822-B Change of Address-Business 8868 Application for Extension of Time to File an Exempt Organization Return 8870 Information Return for Transfers Associated with Certain Personal Benefits Contracts 8871 Political Organization Notice of Section 527 Status 8872 Political Organization Report of Contributions and Expenditures 8886-T Disclosure by Tax-Exempt Entity Regarding Prohibited Tax Shelter Transaction 8899 Notice of Income from Donated Intellectual Property 8940 Request for Miscellaneous Determination See chapter 6 for information about getting these publications and forms. 2009 tax tables Annual Information Returns Every organization exempt from federal income tax under section 501(a) must file an Annual Exempt Organization Return except: A church, an interchurch organization of local units of a church, a convention or association of churches, An integrated auxiliary of a church, A church-affiliated organization that is exclusively engaged in managing funds or maintaining retirement programs, A school below college level affiliated with a church or operated by a religious order, Church-affiliated mission societies if more than half of their activities are conducted in, or are directed at persons in, foreign countries, An exclusively religious activity of any religious order, A state institution, the income of which is excluded from gross income under section 115, A corporation described in section 501(c)(1) that is organized under an Act of Congress, an instrumentality of the United States, and is exempt from Federal income taxes, A stock bonus, pension, or profit-sharing trust that qualifies under section 401 (required to file Form 5500, Annual Return/Report of Employee Benefit Plan), A religious or apostolic organization described in section 501(d) (required to file Form 1065, U. 2009 tax tables S. 2009 tax tables Return of Partnership Income), A governmental unit or an affiliate of a governmental unit that meets the requirements of Revenue Procedure 95-48, 1995-2 C. 2009 tax tables B. 2009 tax tables 418, www. 2009 tax tables irs. 2009 tax tables gov/pub/irs-tege/rp1995-48. 2009 tax tables pdf, A private foundation described in section 501(c)(3) and exempt under section 501(a) (required to file Form 990-PF, Return of Private Foundation), A political organization that is a state or local committee of a political party, a political committee of a state or local candidate, a caucus or association of state or local officials, or required to report under the Federal Election Campaign Act of 1971 as a political committee, An exempt organization (other than a private foundation) that normally has annual gross receipts of $50,000 or less, or A foreign organization, or an organization located in a U. 2009 tax tables S. 2009 tax tables possession, that normally has annual gross receipts from sources within the United States of $50,000 or less. 2009 tax tables Supporting Organization Annual Information Return For tax years ending after August 17, 2006, all section 509(a)(3) supporting organizations are required to file Form 990 or 990-EZ with the IRS regardless of the organization's gross receipts, unless it qualifies as one of the following: An integrated auxiliary of a church; The exclusively religious activities of a religious order; or An organization, the gross receipts of which are normally not more than $5,000, that supports a section 509(a)(3) religious order. 2009 tax tables If the organization is described in item (3) above, then it must submit Form 990-N (e-Postcard) unless it voluntarily files Form 990 or 990-EZ. 2009 tax tables On its annual information return, at Part I, Schedule A (Form 990 or 990-EZ) a supporting organization must: List the section 509(a)(3) organizations to which it provides support, Indicate whether it is a Type I, Type II, or Type III supporting organization, and Certify that the organization is not controlled directly or indirectly by disqualified persons (other than by foundation managers and other than one or more publicly supported organizations). 2009 tax tables Annual Electronic Filing Requirement for Small Tax-Exempt Organizations Small tax-exempt organizations with annual gross receipts normally $50,000 or less must submit Form 990-N, Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required to File Form 990 or 990-EZ, with the IRS each year, if they choose not to file a Form 990 or 990-EZ. 2009 tax tables Form 990-N requires the following information: The organization's legal name, and mailing address; Any name under which it operates and does business; Its Internet website address (if any); Its taxpayer identification number; The name and address of a principal officer; Organization's annual tax period; Verification that the organization's annual gross receipts are normally $50,000 or less; and Notification if the organization has terminated. 2009 tax tables Form 990-N is due by the 15th day of the fifth month after the close of the tax year. 2009 tax tables For tax years beginning after December 31, 2006, any organization that fails to meet its annual reporting requirement for 3 consecutive years will automatically lose its tax-exempt status. 2009 tax tables To regain its exempt status an organization will have to reapply for recognition as a tax-exempt organization. 2009 tax tables Exceptions. 2009 tax tables   This filing requirement does not apply to: Churches, their integrated auxiliaries, and conventions or associations of churches; Organizations that are included in a group return; Private foundations required to file Form 990-PF; and Section 509(a)(3) supporting organizations required to file Form 990 or Form 990-EZ. 2009 tax tables Forms 990 and 990-EZ Exempt organizations, other than private foundations, must file their annual information returns on Form 990 or 990-EZ, unless excepted from filing or allowed to submit Form 990-N, described earlier. 2009 tax tables Generally, political organizations with gross receipts of $25,000 ($100,000 for a qualified state or local political organization (QSLPO)) or more for the tax year are required to file Form 990 or 990-EZ unless specifically excepted from filing the annual return. 2009 tax tables The following political organizations are not required to file Form 990 or Form 990-EZ. 2009 tax tables A state or local committee of a political party. 2009 tax tables A political committee of a state or local candidate. 2009 tax tables A caucus or association of state or local officials. 2009 tax tables A political organization that is required to report as a political committee under the Federal Election Campaign Act. 2009 tax tables A 501(c) organization that has expenditures for influencing or attempting to influence the selection, nomination, election, or appointment of any individual for a federal, state, or local public office. 2009 tax tables Form 990-EZ. 2009 tax tables   This is a shortened version of Form 990. 2009 tax tables It is designed for use by small exempt organizations and nonexempt charitable trusts. 2009 tax tables   Beginning in tax year 2010, an organization can file either Form 990 or 990-EZ if it meets the following: Its gross receipts during the year are less than $200,000. 2009 tax tables Its total assets (line 25, column (B) of Form 990-EZ) at the end of the year are less than $500,000. 2009 tax tables If your organization does not meet either of these conditions, you cannot file Form 990-EZ. 2009 tax tables Instead you must file Form 990. 2009 tax tables Group return. 2009 tax tables   A group return on Form 990 may be filed by a central, parent, or like organization for two or more local organizations, none of which is a private foundation. 2009 tax tables This return is in addition to the central organization's separate annual return if it must file a return. 2009 tax tables It cannot be included in the group return. 2009 tax tables See the instructions for Form 990 for the conditions under which this procedure may be used. 2009 tax tables    In any year that an organization is properly included as a subordinate organization on a group return, it should not file its own Form 990. 2009 tax tables Schedule A (Form 990 or 990-EZ). 2009 tax tables   Organizations, other than private foundations, that are described in section 501(c)(3) and that are otherwise required to file Form 990 or 990-EZ must also complete Schedule A of that form. 2009 tax tables Schedule B (Form 990, Form 990-EZ, or 990-PF). 2009 tax tables   Organizations that file Form 990 or 990-EZ use this schedule to provide required information regarding their contributors. 2009 tax tables Schedule O (Form 990). 2009 tax tables   Organizations that file Form 990 must use this schedule to provide required additional information or if additional space is needed. 2009 tax tables   Other schedules may be required to be filed with Form 990 or 990-EZ. 2009 tax tables See the instructions for Form 990 or the instructions for Form 990-EZ for more information. 2009 tax tables Report significant new or changed program services and changes to organizational documents. 2009 tax tables    An organization should report new significant program services or significant changes in how it conducts program services, and significant changes to its organizational documents, on its Form 990 rather than in a letter to EO Determinations. 2009 tax tables EO Determinations no longer issues letters confirming the tax-exempt status of organizations that report new services or significant changes, or changes to organizational documents. 2009 tax tables See Miscellaneous Rules, Organization Changes and Exempt Status, later. 2009 tax tables Form 990-PF All private foundations exempt under section 501(c)(3) must file Form 990-PF. 2009 tax tables These organizations are discussed in chapter 3. 2009 tax tables Electronic Filing You may be required to file Form 990, Form 990-EZ, or Form 990-PF, and related forms, schedules, and attachments electronically. 2009 tax tables If an organization is required to file a return electronically but does not, the organization is considered to have not filed its return. 2009 tax tables See Regulations section 301. 2009 tax tables 6033-4 for more information. 2009 tax tables The IRS may waive the requirement to file electronically in cases of undue hardship. 2009 tax tables For information on filing a waiver, see Notice 2010-13, 2010-4 I. 2009 tax tables R. 2009 tax tables B. 2009 tax tables 327, available at www. 2009 tax tables irs. 2009 tax tables gov/ir/2010-04_IRSB/ar14. 2009 tax tables html. 2009 tax tables Form 990. 2009 tax tables   An organization is required to file Form 990 electronically if it files at least 250 returns during the calendar year and has total assets of $10 million or more at the end of the tax year. 2009 tax tables Form 990-PF. 2009 tax tables   An organization is required to file Form 990-PF electronically if it files at least 250 returns during the calendar year. 2009 tax tables Due Date Forms 990, 990-EZ, or 990-PF must be filed by the 15th day of the fifth month after the end of your organization's accounting period. 2009 tax tables Thus, for a calendar year taxpayer, Forms 990, 990-EZ, or 990-PF is due May 15 of the following year. 2009 tax tables Extension of time to file. 2009 tax tables   Use Form 8868 to request an automatic 3-month extension of time to file Forms 990, 990-EZ, or 990-PF and also to apply for an additional (not automatic) 3-month extension if needed. 2009 tax tables   Do not apply for both the automatic 3-month extension and the additional 3-month extension at the same time. 2009 tax tables For more information, see Form 8868 and its instructions. 2009 tax tables   When filing Form 8868 for an automatic 3-month extension, neither a signature, nor an explanation is required. 2009 tax tables However, when filing Form 8868 for an additional 3-month extension, both a signature and an explanation are required. 2009 tax tables Application for exemption pending. 2009 tax tables   An organization that claims to be exempt under section 501(a) but has not established its exempt status by the due date for filing an information return must complete and file Form 990, 990-EZ, 990–N or 990-PF (if it considers itself a private foundation), unless the organization is exempt from Form 990-series filing requirements. 2009 tax tables If the organization's application is pending with the IRS, it must so indicate on Forms 990, 990-EZ, or 990-PF (whichever applies) by checking the application pending block at the top of page 1 of the return. 2009 tax tables For more information on the filing requirements, see the Instructions for Forms 990, 990-EZ, and 990-PF. 2009 tax tables State reporting requirements. 2009 tax tables   Copies of Forms 990, 990-EZ, or 990-PF may be used to satisfy state reporting requirements. 2009 tax tables See the instructions for those forms. 2009 tax tables Form 8870. 2009 tax tables   Organizations that filed a Form 990, 990-EZ, or 990-PF, and paid premiums or received transfers on certain life insurance, annuity, and endowment contracts (personal benefit contracts), must file Form 8870. 2009 tax tables For more information, see Form 8870 and the instructions for that form. 2009 tax tables Automatic Revocation If the organization fails to file a Form 990, 990-EZ, or 990-PF, or fails to submit a Form 990-N, as required, for 3 consecutive years, it will automatically lose its tax-exempt status by operation of law. 2009 tax tables The list of organizations whose tax-exempt status has been automatically revoked is available on IRS. 2009 tax tables gov. 2009 tax tables This list (Auto-Revocation List) may be viewed and searched on Exempt Organizations Select Check. 2009 tax tables The Auto-Revocation List includes each organization's name, Employer Identification Number (EIN) and last known address. 2009 tax tables It also includes the effective date of the automatic revocation and the date it was posted to the list. 2009 tax tables The IRS updates the list monthly to include additional organizations that lose their tax-exempt status. 2009 tax tables Tax Effect of Loss of Tax-Exempt Status If your organization’s tax-exempt status is automatically revoked, you may be required to file one of the following federal income tax returns and pay any applicable income taxes: Form 1120, U. 2009 tax tables S. 2009 tax tables Corporation Income Tax Return, due by the 15th day of the 3rd month after the end of your organization’s tax year, or Form 1041, U. 2009 tax tables S. 2009 tax tables Income Tax Return for Estates and Trusts, due by the 15th day of the 4th month after the end of your organization’s tax year. 2009 tax tables In addition, a section 501(c)(3) organization that loses its tax-exempt status cannot receive tax-deductible contributions and will not be identified in the IRS Business Master File extract as eligible to received tax-deductible contributions, or be included in Exempt Organizations Select Check (Pub 78 database). 2009 tax tables An organization whose exemption was automatically revoked must apply for tax exemption in order to regain its tax exemption (even if it was not originally required to apply). 2009 tax tables In some situations, an organization may be able to obtain exemption retroactive to its date of revocation. 2009 tax tables For more information about automatic revocation, go to IRS. 2009 tax tables gov and select Charities & Non-Profits and then select Revoked? Reinstated? Learn More. 2009 tax tables Penalties Penalties for failure to file. 2009 tax tables   Generally, an exempt organization that fails to file a required return must pay a penalty of $20 a day for each day the failure continues. 2009 tax tables The same penalty will apply if the organization does not give all the information required on the return or does not give the correct information. 2009 tax tables Maximum penalty. 2009 tax tables   The maximum penalty for any one return is the smaller of $10,000 or 5% of the organization's gross receipts for the year. 2009 tax tables Organization with gross receipts over $1 million. 2009 tax tables   For an organization that has gross receipts of over $1 million for the year, the penalty is $100 a day up to a maximum of $50,000. 2009 tax tables Managers. 2009 tax tables   If the organization is subject to this penalty, the IRS may specify a date by which the return or correct information must be supplied by the organization. 2009 tax tables Failure to comply with this demand will result in a penalty imposed upon the manager of the organization, or upon any other person responsible for filing a correct return. 2009 tax tables The penalty is $10 a day for each day that a return is not filed after the period given for filing. 2009 tax tables The maximum penalty imposed on all persons with respect to any one return is $5,000. 2009 tax tables Exception for reasonable cause. 2009 tax tables   No penalty will be imposed if reasonable cause for failure to file timely can be shown. 2009 tax tables Unrelated Business Income Tax Return Even though your organization is recognized as tax exempt, it still may be liable for tax on its unrelated business income. 2009 tax tables Unrelated business income is income from a trade or business, regularly carried on, that is not substantially related to the charitable, educational, or other purpose that is the basis for the organization's exemption. 2009 tax tables If your organization has $1,000 or more of unrelated business income, you must file Form 990-T in addition to your required annual information return. 2009 tax tables Estimated tax. 2009 tax tables   Quarterly estimated tax payments are due if your organization expects to owe $500 or more in tax including unrelated business income. 2009 tax tables Use Form 990-W to figure your organization's estimated tax payments. 2009 tax tables Travel tour programs. 2009 tax tables   Travel tour activities that are a trade or business are an unrelated trade or business if the activities are not substantially related to the purpose to which tax exemption was granted to the organization. 2009 tax tables   Whether travel tour activities conducted by an organization are substantially related to the organization's tax exempt purpose is determined by looking at all the relevant facts and circumstances, including, but not limited to, how a travel tour is developed, promoted, and operated. 2009 tax tables Example. 2009 tax tables ABC, a university alumni association, is tax exempt as an educational organization under section 501(c)(3). 2009 tax tables As part of its activities, ABC operates a travel tour program. 2009 tax tables The program is open to all current members of ABC and their guests. 2009 tax tables ABC works with travel agents to schedule approximately ten tours annually to various destinations around the world. 2009 tax tables Members of ABC pay $1,000 to XYZ Travel Agency to participate in a tour. 2009 tax tables XYZ pays ABC a per person fee for each participant. 2009 tax tables Although the literature advertising the tours encourages ABC members to continue their lifelong learning by joining the tours, and a faculty member of ABC's related university frequently joins the tour as a guest of the alumni association, none of the tours include any scheduled instruction or curriculum related to the destinations being visited. 2009 tax tables The travel tours made available to ABC's members do not contribute importantly to the accomplishment of ABC's educational purpose. 2009 tax tables Rather, ABC's program is designed to generate revenues for ABC by regularly offering its members travel services. 2009 tax tables Therefore, ABC's tour program is an unrelated trade or business. 2009 tax tables For additional information on unrelated business income, see Publication 598 and the Instructions for Form 990-T. 2009 tax tables Employment Tax Returns Every employer, including an organization exempt from federal income tax, who pays wages to employees is responsible for withholding, depositing, paying, and reporting federal income tax, social security and Medicare (FICA) taxes, and federal unemployment tax (FUTA), unless that employer is specifically excepted by law from those requirements, or if the taxes clearly do not apply. 2009 tax tables For more information, obtain a copy of Publication 15, which summarizes the responsibilities of an employer, Publication 15-A, Publication 15-B, and Form 941. 2009 tax tables Small Business Health Care Tax Credit. 2009 tax tables   If your small tax-exempt organization provides health care coverage for your workers you may qualify for the small business health care tax credit. 2009 tax tables Go to IRS. 2009 tax tables gov and select Affordable Care Act Tax Provisions for more details. 2009 tax tables See Small Business Health Care Tax Credit at www. 2009 tax tables irs. 2009 tax tables gov/newsroom/article/0,,id=223666,00. 2009 tax tables html. 2009 tax tables Expanded Work Opportunity Tax Credit Available for Hiring Qualified Veterans. 2009 tax tables   The VOW to Hire Heroes Act of 2011 made changes to the Work Opportunity Tax Credit (WOTC). 2009 tax tables The Act added two new categories to the existing qualified veteran targeted group and made the WOTC available to certain tax-exempt employers as a credit against the employer's share of social security tax. 2009 tax tables The Act allows employers to claim the WOTC for veterans certified as qualified veterans and who begin work before January 1, 2013. 2009 tax tables This tax credit was extended through December 31, 2013, under the American Taxpayer Relief Act, passed on January 1, 2013. 2009 tax tables   The credit can be as high as $6,240 for qualified tax-exempt organizations. 2009 tax tables The amount of the credit depends on a number of factors, including the length of the veteran’s unemployment before hire, the number of hours the veteran works, and the veteran’s first-year wages. 2009 tax tables The amount of the credit for qualified tax-exempt organizations may not exceed the organization's employer social security tax for the period for which the credit is claimed. 2009 tax tables   All employers must obtain certification that an individual is a member of the targeted group, before the employer may claim the credit. 2009 tax tables The process for certifying veterans for this credit is the same for all employers. 2009 tax tables For more information, see Form 8850, Pre-Screening Notice and Certification Request for the Work Opportunity Credit and the instructions to Form 8850. 2009 tax tables Notice 2012-13, 2012-9 I. 2009 tax tables R. 2009 tax tables B. 2009 tax tables 421, also provides additional guidance on submission Form 8850. 2009 tax tables   Organizations described in section 501(c) and exempt from taxation under section 501(a) may claim the credit for qualified veterans who begin work on or after Nov. 2009 tax tables 22, 2011, and before January 1, 2013. 2009 tax tables After the required certification is secured, tax-exempt employers claim the credit against the employer social security tax by separately filing Form 5884-C, Work Opportunity Credit for Qualified Tax-Exempt Organizations Hiring Qualified Veterans, Form 5884-C. 2009 tax tables File Form 5884-C after filing the related employment tax return for the employment tax period for which the credit is claimed. 2009 tax tables It is recommended that qualified tax-exempt employers do not reduce their required deposits in anticipation of any credit as the forms are processed separately. 2009 tax tables In addition to Form 5884-C and its instructions, tax-exempt employers should see Notice 2012-13 and the Frequently Asked Questions & Answers for more details for claiming the credit. 2009 tax tables Trust fund recovery penalty. 2009 tax tables   If any person required to collect, truthfully account for, and pay over any of these taxes willfully fails to satisfy any of these requirements or willfully tries in any way to evade or defeat any of them, that person will be subject to a penalty. 2009 tax tables The penalty is equal to the tax evaded, not collected, or not accounted for and paid over. 2009 tax tables The term person includes: An officer or employee of a corporation, or A member or employee of a partnership. 2009 tax tables Exception. 2009 tax tables   The penalty is not imposed on any unpaid volunteer director or member of a board of trustees of an exempt organization if the unpaid volunteer serves solely in an honorary capacity, does not participate in the day-to-day or financial operations of the organization, and does not have actual knowledge of the failure on which the penalty is imposed. 2009 tax tables   This exception does not apply if it results in no one being liable for the penalty. 2009 tax tables FICA and FUTA tax exceptions. 2009 tax tables   Payments for services performed by a minister of a church in the exercise of the ministry, or a member of a religious order performing duties required by the order, are generally not subject to FICA or FUTA taxes. 2009 tax tables FUTA tax exception. 2009 tax tables   Payments for services performed by an employee of a religious, charitable, educational, or other organization described in section 501(c)(3) that are generally subject to FICA taxes if the payments are $100 or more for the year, are not subject to FUTA taxes. 2009 tax tables FICA tax exemption election. 2009 tax tables   Churches and qualified church-controlled organizations can elect exemption from employer FICA taxes by filing Form 8274. 2009 tax tables   To elect the exemption, Form 8274 must be filed before the first date on which a quarterly employment tax return would otherwise be due from the electing organization. 2009 tax tables The organization can make the election only if it is opposed for religious reasons to the payment of FICA taxes. 2009 tax tables   The election applies to payments for services of current and future employees other than services performed in an unrelated trade or business. 2009 tax tables Revoking the election. 2009 tax tables   The election can be revoked by the IRS if the organization fails to file Form W-2, Wage and Tax Statement, for 2 years and fails to furnish certain information upon request by the IRS. 2009 tax tables Such revocation will apply retroactively to the beginning of the 2-year period. 2009 tax tables Definitions. 2009 tax tables   For purposes of this election, the term church means a church, a convention or association of churches, or an elementary or secondary school that is controlled, operated, or principally supported by a church or by a convention or association of churches. 2009 tax tables   The term qualified church-controlled organization means any church-controlled section 501(c)(3) tax-exempt organization, other than an organization that both: Offers goods, services, or facilities for sale, other than on an incidental basis, to the general public at other than a nominal charge that is substantially less than the cost of providing such goods, services, or facilities, and Normally receives more than 25% of its support from the sum of governmental sources and receipts from admissions, sales of merchandise, performance of services, or furnishing of facilities, in activities that are not unrelated trades or businesses. 2009 tax tables Effect on employees. 2009 tax tables   If a church or qualified church-controlled organization has made an election, payment for services performed for that church or organization, other than in an unrelated trade or business, will not be subject to FICA taxes. 2009 tax tables However, the employee, unless otherwise exempt, will be subject to self-employment tax on the income. 2009 tax tables The tax applies to income of $108. 2009 tax tables 28 or more for the tax year from that church or organization, and no deductions for trade or business expenses are allowed against this self-employment income. 2009 tax tables   Schedule SE (Form 1040), Self-Employment Tax, should be attached to the employee's income tax return. 2009 tax tables Political Organization Income Tax Return Generally, a political organization is treated as an organization exempt from tax. 2009 tax tables Certain political organizations, however, must file an annual income tax return, Form 1120-POL, U. 2009 tax tables S. 2009 tax tables Income Tax Return for Certain Political Organizations, for any year they have political organization taxable income in excess of the $100 specific deduction allowed under section 527. 2009 tax tables A political organization that has $25,000 ($100,000 for a qualified state or local political organization) or more in gross receipts for the tax year must file Form 990 or Form 990-EZ (and Schedule B of the form), unless excepted. 2009 tax tables See Forms 990 and 990-EZ , earlier. 2009 tax tables Political organization. 2009 tax tables   A political organization is a party, committee, association, fund, or other organization (whether or not incorporated) organized and operated primarily for the purpose of directly or indirectly accepting contributions or making expenditures, or both, for an exempt function. 2009 tax tables Exempt function. 2009 tax tables   An exempt function means influencing or attempting to influence the selection, nomination, election, or appointment of any individual to any federal, state, local public office or office in a political organization, or the election of the Presidential or Vice Presidential electors, whether or not such individual or electors are selected, nominated, elected, or appointed. 2009 tax tables It also includes certain office expenses of a holder of public office or an office in a political organization. 2009 tax tables Certain political organizations are required to notify the IRS that they are section 527 organizations. 2009 tax tables These organizations must use Form 8871. 2009 tax tables Some of these section 527 organizations must use Form 8872 to file periodic reports with the IRS disclosing their contributions and expenditures. 2009 tax tables For a discussion on these forms, see Reporting Requirements for a Political Organization, later. 2009 tax tables Political organization taxable income. 2009 tax tables   Political organization taxable income is the excess of: Gross income for the tax year (excluding exempt function income) minus Deductions directly connected with the earning of gross income. 2009 tax tables To figure taxable income, allow for a $100 specific deduction, but do not allow for the net operating loss deduction, the dividends-received deduction, and other special deductions for corporations. 2009 tax tables Exempt organization not a political organization. 2009 tax tables   An organization exempt under section 501(c) that spends any amount for an exempt function must file Form 1120-POL for any year which it has political taxable income. 2009 tax tables These organizations must include in gross income the lesser of: The total amount of its exempt function expenditures, or The organization's net investment income. 2009 tax tables Separate fund. 2009 tax tables   A section 501(c) organization can set up a separate segregated fund that will be treated as an independent political organization. 2009 tax tables The earnings and expenditures made by the separate fund will not be attributed to the section 501(c) organization. 2009 tax tables Section 501(c)(3) organizations are precluded from, and may suffer loss of exemption for, engaging in any political campaign on behalf of, or in opposition to, any candidate for public office. 2009 tax tables Due date. 2009 tax tables   Form 1120-POL is due by the 15th day of the 3rd month after the end of the tax year. 2009 tax tables Thus, for a calendar year taxpayer, Form 1120-POL is due on March 15 of the following year. 2009 tax tables If any due date falls on a Saturday, Sunday, or legal holiday, the organization can file the return on the next business day. 2009 tax tables    Form 1120-POL is not required of an exempt organization that makes expenditures for political purposes if its gross income does not exceed its directly connected deductions by more than $100 for the tax year. 2009 tax tables Extension of time to file. 2009 tax tables    Use Form 7004 to request an automatic 6-month extension of time to file Form 1120-POL. 2009 tax tables The extension will be granted if you complete Form 7004 properly, make a proper estimate of the tax (if applicable), file Form 1120-POL by the due date, and pay any tax due. 2009 tax tables Failure to file. 2009 tax tables   A political organization that fails to file Form 1120-POL is subject to a penalty equal to 5% of the tax due for each month (or partial month) the return is late up to a maximum of 25% of the tax due, unless the organization shows the failure was due to reasonable cause. 2009 tax tables For more information about filing Form 1120-POL, refer to the instructions accompanying the form. 2009 tax tables Failure to pay on time. 2009 tax tables   An organization that does not pay the tax when due generally may have to pay a penalty of 1/2 of 1% of the unpaid tax for each month or part of a month the tax is not paid, up to a maximum of 25% of the unpaid tax. 2009 tax tables The penalty will not be imposed if the organization can show that the failure to pay on time was due to reasonable cause. 2009 tax tables Reporting Requirements for a Political Organization Certain political organizations are required to notify the IRS that the organization is to be treated as a section 527 political organization. 2009 tax tables The organization is also required to periodically report certain contributions received and expenditures made by the organization. 2009 tax tables To notify the IRS of section 527 treatment, an organization must file Form 8871. 2009 tax tables To report contributions and expenditures, certain tax-exempt political organizations must file Form 8872. 2009 tax tables Form 8871 A political organization must electronically file Form 8871 to notify the IRS that it is to be treated as a section 527 organization. 2009 tax tables However, an organization is not required to file Form 8871 if: It reasonably expects its annual gross receipts to always be less than $25,000. 2009 tax tables It is a political committee required to report under the Federal Election Campaign Act of 1971 (FECA) (2 U. 2009 tax tables S. 2009 tax tables C. 2009 tax tables 431(4)). 2009 tax tables It is a state or local candidate committee. 2009 tax tables It is a state or local committee of a political party. 2009 tax tables It is a section 501(c) organization that has made an “exempt function expenditure. 2009 tax tables ” All other political organizations are required to file Form 8871. 2009 tax tables An organization must provide on Form 8871: Its name and address (including any business address, if different) and its electronic mailing address; Its purpose; The names and addresses of its officers, highly compensated employees, contact person, custodian of records, and members of its board of directors; The name and address of, and relationship to, any related entities (within the meaning of section 168(h)(4)); and Whether it intends to claim an exemption from filing Form 8872, Form 990, or Form 990-EZ. 2009 tax tables Employer identification number. 2009 tax tables   If your organization needs an EIN, you can apply for one: Online—Click on the Employer ID Numbers (EINs) link at www. 2009 tax tables IRS. 2009 tax tables gov/businesses/small. 2009 tax tables By telephone at 1-800-829-4933 from 7:00 a. 2009 tax tables m. 2009 tax tables to 10:00 p. 2009 tax tables m. 2009 tax tables in the organization's local time zone. 2009 tax tables By mailing or faxing Form SS-4. 2009 tax tables   If you previously applied for an EIN and have not yet received it, or you are unsure whether you have an EIN, please call our toll-free customer account services number, 1-877-829-5500, for assistance. 2009 tax tables Due dates. 2009 tax tables   The initial Form 8871 must be filed within 24 hours of the date on which the organization was established. 2009 tax tables If there is a material change, an amended Form 8871 must be filed within 30 days of the material change. 2009 tax tables When the organization terminates its existence, it must file a final Form 8871 within 30 days of termination. 2009 tax tables   If the due date falls on a Saturday, Sunday, or legal holiday, the organization can file on the next business day. 2009 tax tables How to file. 2009 tax tables   An organization must file Form 8871 electronically via the IRS Internet website at www. 2009 tax tables IRS. 2009 tax tables gov/polorgs (Keyword: political orgs). 2009 tax tables Form 8453-X, Political Organization Declaration for Electronic Filing of Notice of Section 527 Status. 2009 tax tables   After electronically submitting Form 8871, the political organization must print, sign, and mail Form 8453-X to the IRS. 2009 tax tables Upon receipt of the Form 8453-X, the IRS will send the organization a username and password that must be used to file an amended or final Form 8871 or to electronically file Form 8872. 2009 tax tables Penalties Failure to file. 2009 tax tables   An organization that is required to file Form 8871, but fails to do so on a timely basis, will not be treated as a tax-exempt section 527 organization for any period before the date Form 8871 is filed. 2009 tax tables Also, the taxable income of the organization for that period will include its exempt function income (including contributions received, membership dues, and political fundraising receipts) minus any deductions directly connected with the production of that income. 2009 tax tables   Failure to file an amended Form 8871 will cause the organization not to be treated as a tax-exempt section 527 organization. 2009 tax tables If an organization is treated as not being a tax-exempt section 527 organization, the taxable income of the organization will be determined by considering any exempt function income and deductions during the period beginning on the date of the material change and ending on the date that the amended Form 8871 is filed. 2009 tax tables    The tax is computed by multiplying the organization's taxable income by the highest corporate tax rate. 2009 tax tables Fraudulent returns. 2009 tax tables   Any individual or corporation that willfully delivers or discloses to the IRS any list, return, account, statement or other document known to be fraudulent or false as to any material matter will be fined not more than $10,000 ($50,000 in the case of a corporation) or imprisoned for not more than 1 year or both. 2009 tax tables Waiver of penalties. 2009 tax tables   The IRS may waive any additional tax assessed on an organization for failure to file Form 8871 if the failure was due to reasonable cause and not willful neglect. 2009 tax tables Additional information. 2009 tax tables   For more information on Form 8871, see the form and its instructions. 2009 tax tables For a discussion on the public inspection requirements for the form, see Public Inspection of Exemption Applications, Annual Returns, and Political Organization Reporting Forms , later. 2009 tax tables Form 8872 Every tax-exempt section 527 political organization that accepts a contribution or makes an expenditure, for an exempt function during the calendar year, must file Form 8872 except: A political organization that is not required to file Form 8871 (discussed earlier). 2009 tax tables A political organization that is subject to tax on its income because it did not file or amend Form 8871. 2009 tax tables A qualified state or local political organization (QSLPO), discussed below. 2009 tax tables All other tax-exempt section 527 organizations that accept contributions or make expenditures for an exempt function are required to file Form 8872. 2009 tax tables Qualified state or local political organization. 2009 tax tables   A state or local political organization may be a QSLPO if: All of its political activities relate solely to state or local public office (or office in a state or local political organization). 2009 tax tables It is subject to a state law that requires it to report (and it does report) to a state agency information about contributions and expenditures that is similar to the information that the organization would otherwise be required to report to the IRS. 2009 tax tables The state agency and the organization make the reports publicly available. 2009 tax tables No federal candidate or office holder: Controls or materially participates in the direction of the organization, Solicits contributions for the organization, or Directs the disbursements of the organization. 2009 tax tables Information required on Form 8872. 2009 tax tables   If an organization pays an individual $500 or more for the calendar year, the organization is required to disclose the individual's name, address, occupation, employer, amount of the expense, the date the expense was paid, and the purpose of the expense on Form 8872. 2009 tax tables   If an organization receives contributions of $200 or more from one contributor for the calendar year, the organization must disclose the donor's name, address, occupation, employer, and the date the contributions were made. 2009 tax tables   For additional information that is required, see Form 8872. 2009 tax tables Due dates. 2009 tax tables   The due dates for filing Form 8872 vary depending on whether the form is due for a reporting period that occurs during a calendar year in which a regularly scheduled election is held, or any other calendar year (a nonelection year). 2009 tax tables   If the due date falls on a Saturday, Sunday, or legal holiday, the organization can file on the next business day. 2009 tax tables Election year filing. 2009 tax tables    In election years, Form 8872 must be filed on either a quarterly or a monthly basis. 2009 tax tables Both a pre-election report and a post-election report are also required to be filed in an election year. 2009 tax tables An election year is any year in which a regularly scheduled general election for federal office is held (an even-numbered year). 2009 tax tables Nonelection year filing. 2009 tax tables    In nonelection years, the form must be filed on a semiannual or monthly basis. 2009 tax tables A complete listing of these filing periods are in the Form 8872 Instructions. 2009 tax tables A nonelection year is any odd-numbered year. 2009 tax tables How to file. 2009 tax tables   Form 8872 can be filed either electronically or by mail. 2009 tax tables However, organizations that have, or expect to have, contributions or expenditures of $50,000 or more for the year must file electronically. 2009 tax tables    To file by mail, send Form 8872 to the:   Department of the Treasury Internal Revenue Service Center Ogden, UT 84201-0027 Electronic filing. 2009 tax tables   File electronically via the IRS internet website at www. 2009 tax tables IRS. 2009 tax tables gov/polorgs. 2009 tax tables You will need a user ID and password to electronically file Form 8872. 2009 tax tables Organizations that have completed the electronic filing of Form 8871 and submitted a completed and signed Form 8453-X will receive a username and password in the mail. 2009 tax tables   Organizations that have completed the electronic filing of Form 8871, but have not received their user ID and password can request one by writing to the following address: Internal Revenue Service Attn: Request for 8872 Password Mail Stop 6273 Ogden, UT 84201 Lost username and password. 2009 tax tables   If you have forgotten or misplaced the username and password issued to your organization after you filed your initial Form 8871, send a letter requesting a new username and password to the address under Electronic filing. 2009 tax tables You can also fax your request to (801) 620-3249. 2009 tax tables It may take 3-6 weeks for your new username and password to arrive, as they will be mailed to the organization. 2009 tax tables Penalty A penalty will be imposed if the organization is required to file Form 8872 and it: Fails to file the form by the due date, or Files the form but fails to report all of the information required or reports incorrect information. 2009 tax tables The penalty is 35% of the total amount of contributions and expenditures to which a failure relates. 2009 tax tables Fraudulent returns. 2009 tax tables   Any individual or corporation that willfully delivers or discloses any list, return, account, statement, or other document known to be fraudulent or false as to any material matter will be fined not more than $10,000 ($50,000 in the case of a corporation), or imprisoned for not more than 1 year, or both. 2009 tax tables Waiver of penalties. 2009 tax tables   The IRS may waive any additional tax assessed on an organization for failure to file Form 8872 if the failure was due to reasonable cause and not willful neglect. 2009 tax tables Donee Information Return Dispositions of donated property. 2009 tax tables   If an organization receives charitable deduction property and within three years sells, exchanges, or otherwise disposes of the property, the organization must file Form 8282, Donee Information Return. 2009 tax tables However, an organization is not required to file Form 8282 if: The property is valued at $500 or less, or The property is consumed or distributed for charitable purposes. 2009 tax tables   Form 8282 must be filed with the IRS within 125 days after the disposition. 2009 tax tables Additionally, a copy of Form 8282 must be given to the donor. 2009 tax tables If the organization fails to file the required information return, penalties may apply. 2009 tax tables Charitable deduction property. 2009 tax tables   This is any property (other than money or publicly traded securities) for which the donee organization signed an appraisal summary or Form 8283, Noncash Charitable Contributions. 2009 tax tables Publicly traded securities. 2009 tax tables   These are securities for which market quotations are readily available on an established securities market as of the date of the contribution. 2009 tax tables Appraisal summary. 2009 tax tables   If the value of the donated property exceeds $5,000, the donor must get a qualified appraisal for contributions of property, see the Exceptions. 2009 tax tables below. 2009 tax tables Exceptions. 2009 tax tables   A written appraisal is not needed if the property is: Nonpublicly traded stock of $10,000 or less, A vehicle (including a car, boat, or airplane), if your deduction for the vehicle is limited to the gross proceeds from its sale, Intellectual property, Certain securities considered to have market quotations readily available (see Regulations section 1. 2009 tax tables 170A-13(c)(7)(xi)(B)), Inventory and other property donated by a corporation that are qualified contributions for the care of the ill, the needy, or infants, within the meaning of section 170(e)(3)(A), or Any donation of stock in trade, inventory, or property held primarily for sale to customers in the ordinary course of your trade or business. 2009 tax tables   The donee organization is not a qualified appraiser for the purpose of valuing the donated property. 2009 tax tables For more information, get Publication 561, Determining the Value of Donated Property. 2009 tax tables Form 8283. 2009 tax tables   For noncash donations over $5,000, the donor must attach Form 8283 to the tax return to support the charitable deduction. 2009 tax tables The donee must sign Part IV of Section B, Form 8283 unless publicly traded securities are donated. 2009 tax tables The person who signs for the donee must be an official authorized to sign the donee's tax or information returns, or a person specifically authorized to sign by that official. 2009 tax tables The signature does not represent concurrence in the appraised value of the contributed property. 2009 tax tables A signed acknowledgment represents receipt of the property described on Form 8283 on the date specified on the form. 2009 tax tables The signature also indicates knowledge of the information reporting requirements on dispositions, as previously discussed. 2009 tax tables A copy of Form 8283 must be given to the donee. 2009 tax tables Information Provided to Donors In some situations, a donor must obtain certain information from a donee organization to obtain a deduction for a charitable contribution. 2009 tax tables In other situations, the donee organization is required to provide information to the donor. 2009 tax tables A charitable organization must give a donor a disclosure statement for a quid pro quo contribution over $75. 2009 tax tables (See Disclosure statement. 2009 tax tables later. 2009 tax tables ) This is a payment a donor makes to a charity partly as a contribution and partly for goods or services. 2009 tax tables See Quid pro quo contribution below for an example. 2009 tax tables Failure to make the required disclosure may result in a penalty to the organization. 2009 tax tables A donor cannot deduct a charitable contribution of $250 or more unless the donor has a written acknowledgment from the charitable organization. 2009 tax tables In certain circumstances, an organization may be able to meet both of these requirements with the same written document. 2009 tax tables Disclosure of Quid Pro Quo Contributions A charitable organization must provide a written disclosure statement to donors of a quid pro quo contribution over $75. 2009 tax tables Quid pro quo contribution. 2009 tax tables   A contribution made by a donor in exchange for goods or services is known as a quid pro quo contribution. 2009 tax tables Your charitable organization must provide the donor a written statement informing the donor of the fair market value of the items or services it provided in exchange for the contribution. 2009 tax tables Generally, a written statement is required for each payment, whenever the contribution portion is over $75. 2009 tax tables Example. 2009 tax tables If a donor gives your charity $100 and receives a concert ticket valued at $40, the donor has made a quid pro quo contribution. 2009 tax tables In this example, the charitable part of the payment is $60. 2009 tax tables Even though the deductible part of the payment is not more than $75, a written statement must be filed because the total payment is more than $75. 2009 tax tables If your organization fails to disclose quid pro quo contributions, the organization may be subject to a penalty. 2009 tax tables Disclosure statement. 2009 tax tables   The required written disclosure statement must: Inform the donor that the amount of the contribution that is deductible for federal income tax purposes is limited to the excess of any money (and the value of any property other than money) contributed by the donor over the fair market value of goods or services provided by the charity, and Provide the donor with a good faith estimate of the fair market value of the goods or services that the donor received. 2009 tax tables The charity must furnish the statement in connection with either the solicitation or the receipt of the quid pro quo contribution. 2009 tax tables If the disclosure statement is furnished in connection with a particular solicitation, it is not necessary for the organization to provide another statement when it actually receives the contribution. 2009 tax tables   No disclosure statement is required if any of the following are true. 2009 tax tables The goods or services given to a donor have insubstantial value as described in Revenue Procedure 90-12, 1990-1 C. 2009 tax tables B. 2009 tax tables 471, Revenue Procedure 90-12, and Revenue Procedure 92-49, 1992-1 C. 2009 tax tables B. 2009 tax tables 507 (as adjusted for inflation), Revenue Procedure 92-49. 2009 tax tables There is no donative element involved in a particular transaction with a charity (for example, there is generally no donative element involved in a visitor's purchase from a museum gift shop). 2009 tax tables There is only an intangible religious benefit provided to the donor. 2009 tax tables The intangible religious benefit must be provided to the donor by an organization organized exclusively for religious purposes, and must be of a type that generally is not sold in a commercial transaction outside the donative context. 2009 tax tables For example, a donor who, for a payment, is granted admission to a religious ceremony for which there is no admission charge is provided an intangible religious benefit. 2009 tax tables A donor is not provided intangible religious benefits for payments made for tuition for education leading to a recognized degree, travel services, or consumer goods. 2009 tax tables The donor makes a payment of $75 or less per year and receives only annual membership benefits that consist of: Any rights or privileges (other than the right to purchase tickets for college athletic events) that the taxpayer can exercise often during the membership period, such as free or discounted admissions or parking or preferred access to goods or services, or Admission to events that are open only to members and the cost per person of which is within the limits for low-cost articles described in Revenue Procedure 90-12 (as adjusted for inflation), Revenue Procedure 90-12. 2009 tax tables Good faith estimate of fair market value (FMV). 2009 tax tables   An organization can use any reasonable method to estimate the FMV of goods or services it provided to a donor, as long as it applies the method in good faith. 2009 tax tables   The organization can estimate the FMV of goods or services that generally are not commercially available by using the FMV of similar or comparable goods or services. 2009 tax tables Goods or services may be similar or comparable even if they do not have the unique qualities of the goods or services being valued. 2009 tax tables Example 1. 2009 tax tables A charity provides a 1-hour tennis lesson with a tennis professional for the first $500 payment it receives. 2009 tax tables The tennis professional provides 1-hour lessons on a commercial basis for $100. 2009 tax tables A good faith estimate of the lesson's FMV is $100. 2009 tax tables Example 2. 2009 tax tables For a payment of $50,000, a museum allows a donor to hold a private event in a room of the museum. 2009 tax tables A good faith estimate of the FMV of the right to hold the event in the museum can be made by using the cost of renting a hotel ballroom with a capacity, amenities, and atmosphere comparable to the museum room, even though the hotel ballroom lacks the unique art displayed in the museum room. 2009 tax tables If the hotel ballroom rents for $2,500, a good faith estimate of the FMV of the right to hold the event in the museum is $2,500. 2009 tax tables Example 3. 2009 tax tables For a payment of $1,000, a charity provides an evening tour of a museum conducted by a well-known artist. 2009 tax tables The artist does not provide tours on a commercial basis. 2009 tax tables Tours of the museum normally are free to the public. 2009 tax tables A good faith estimate of the FMV of the evening museum tour is $0 even though it is conducted by the artist. 2009 tax tables Penalty for failure to disclose. 2009 tax tables   A penalty is imposed on a charity that does not make the required disclosure of a quid pro quo contribution of more than $75. 2009 tax tables The penalty is $10 per contribution, not to exceed $5,000 per fundraising event or mailing. 2009 tax tables The charity can avoid the penalty if it can show that the failure was due to reasonable cause. 2009 tax tables Acknowledgment of Charitable Contributions of $250 or More A donor can deduct a charitable contribution of $250 or more only if the donor has a written acknowledgment from the charitable organization. 2009 tax tables The donor must get the acknowledgment by the earlier of: The date the donor files the original return for the year the contribution is made, or The due date, including extensions, for filing the return. 2009 tax tables The donor is responsible for requesting and obtaining the written acknowledgment from the donee. 2009 tax tables A charitable organization that receives a payment made as a contribution is treated as the donee organization for this purpose even if the organization (according to the donor's instructions or otherwise) distributes the amount received to one or more charities. 2009 tax tables Quid pro quo contribution. 2009 tax tables   If the donee provides goods or services to the donor in exchange for the contribution (a quid pro quo contribution), the acknowledgment must include a good faith estimate of the value of the goods or services. 2009 tax tables See Disclosure of Quid Pro Quo Contributions earlier. 2009 tax tables Form of acknowledgment. 2009 tax tables   Although there is no prescribed format for the written acknowledgment, it must provide enough information to substantiate the amount of the contribution. 2009 tax tables For more information, see IRS Publication 1771, Charitable Contributions – Substantiation and Disclosure Requirements. 2009 tax tables Cash contributions. 2009 tax tables   To deduct a contribution of cash, a check, or other monetary gift (regardless of the amount), a donor must maintain a bank record or a written communication from the donee organization showing the donee's name, date, and amount of the contribution. 2009 tax tables In the case of a lump-sum contribution (rather than a contribution by payroll deduction) made through the Combined Federal Campaign or a similar program such as a United Way Campaign, the written communication must include the name of the donee organization that is the ultimate recipient of the charitable contribution. 2009 tax tables Contributions by payroll deduction. 2009 tax tables   An organization may substantiate an employee's contribution by deduction from its payroll by: A pay stub, Form W-2, or other document showing a contribution to a donee organization, together with A pledge card or other document from the donee organization that shows its name. 2009 tax tables   For contributions of $250 or more, the document must state that the donee organization provides no goods or services for any payroll contributions. 2009 tax tables The amount withheld from each payment of wages to a taxpayer is treated as a separate contribution. 2009 tax tables Acknowledgment of Vehicle Contribution If an exempt organization receives a contribution of a qualified vehicle with a claimed value of more than $500, the donee organization is required to provide a contemporaneous written acknowledgment to the donor. 2009 tax tables The donee organization can use a completed Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes, for the contemporaneous written acknowledgment. 2009 tax tables See section 3. 2009 tax tables 03 of Notice 2005-44 for guidance on the information that must be included in a contemporaneous written acknowledgment and the deadline for furnishing the acknowledgment to the donor. 2009 tax tables Any donee organization that provides a contemporaneous written acknowledgment to a donor is required to report to the IRS the information contained in the acknowledgment. 2009 tax tables The report is due by February 28 (March 31 if filing electronically) of the year following the year in which the donee organization provides the acknowledgment to the donor. 2009 tax tables The organization must file the report on Copy A of Form 1098-C. 2009 tax tables An organization that files Form 1098-C on paper should send it with Form 1096, Annual Summary and Transmittal of U. 2009 tax tables S. 2009 tax tables Information Returns. 2009 tax tables See the Instructions for Form 1096 for the correct filing location. 2009 tax tables An organization that is required to file 250 or more Forms 1098-C during the calendar year must file the forms electronically or magnetically. 2009 tax tables Specifications for filing Form 1098-C electronically or magnetically can be found in Publication 1220, Specifications for Filing Forms 1097, 1098, 1099, 3921, 3922, 5498, 8935, and W-2G Electronically at www. 2009 tax tables IRS. 2009 tax tables gov/pub/irs-pdf/p1220. 2009 tax tables pdf. 2009 tax tables Acknowledgment For a contribution of a qualified vehicle with a claimed value of $500 or less, do not file Form 1098-C. 2009 tax tables However, you can use it as the contemporaneous written acknowledgment under section 170(f)(8) by providing the donor with Copy C only. 2009 tax tables See the Instructions for Form 1098-C. 2009 tax tables Generally, the organization should complete Form 1098-C as the written acknowledgment to the donor and the IRS. 2009 tax tables The contents of the acknowledgment depend upon whether the organization: Sells a qualified vehicle without any significant intervening use or material improvement, Intends to make a significant intervening use of or material improvement to a qualified vehicle prior to sale, or Sells a qualified vehicle to a needy individual at a price significantly below fair market value, or a gratuitous transfer to a needy individual in direct furtherance of a charitable purpose of the organization of relieving the poor and distressed or the underprivileged who are in need of a means of transportation. 2009 tax tables For more information on the acknowledgment, see Notice 2005-44, 2005-25 I. 2009 tax tables R. 2009 tax tables B. 2009 tax tables 1287, at www. 2009 tax tables irs. 2009 tax tables gov/irb/2005-25_IRB/2005-25_IRB/ar09. 2009 tax tables html. 2009 tax tables Material improvements or significant intervening use. 2009 tax tables   To constitute significant intervening use, the organization must actually use the vehicle to substantially further the organization's regularly conducted activities, and the use must be significant, not incidental. 2009 tax tables Factors in determining whether a use is a significant intervening use depend on the nature, extent, frequency, and duration. 2009 tax tables For this purpose, use includes providing transportation on a regular basis for a significant period of time or significant use directly related to training in vehicle repair. 2009 tax tables Use does not include the use of a vehicle to provide training in business skills, such as marketing or sales. 2009 tax tables Examples of significant use include: Driving a vehicle every day for 1 year to deliver meals to needy individuals, if delivering meals is an activity regularly conducted by the organization. 2009 tax tables Driving a vehicle for 10,000 miles over a 1-year period to deliver meals to needy individuals, if delivering meals is an activity regularly conducted by the organization. 2009 tax tables   Material improvements include major repairs and additions that improve the condition of the vehicle in a manner that significantly increases the value. 2009 tax tables To be a material improvement, the improvement cannot be funded by an additional payment to the organization from the donor of the vehicle. 2009 tax tables Material improvements do not include cleaning, minor repairs, routine maintenance, painting, removal of dents or scratches, cleaning or repair of upholstery, and installation of theft deterrent devices. 2009 tax tables Penalties. 2009 tax tables   If your charitable organization receives contributions of used motor vehicles, boats, and airplanes valued over $500 it may be subject to a penalty if it knowingly: Fails to furnish an acknowledgement in a timely manner, showing the required information, or Furnishes a false or fraudulent acknowledgement of the contribution. 2009 tax tables    Other penalties may apply. 2009 tax tables See Part O in the 2012 General Instructions for Certain Information Returns. 2009 tax tables   An acknowledgment containing a certification will be presumed to be false or fraudulent if the qualified vehicle is sold to a buyer other than a needy individual without a significant intervening use or material improvement within 6 months of the date of the contribution. 2009 tax tables   If a charity sells a donated vehicle at auction, the IRS will not accept as substantiation an acknowledgment from the charity stating that the vehicle is to be transferred to a needy individual for significantly below fair market value. 2009 tax tables Vehicles sold at auction are not sold at prices significantly below fair market value, and the IRS will not treat vehicles sold at auction as qualifying for this exception. 2009 tax tables   The penalty for a false or fraudulent acknowledgment where the donee certifies that the vehicle will not be transferred for money, other property, or services before completion of material improvements or significant intervening use or the donee certifies that the vehicle is to be transferred to a needy individual for significantly below fair market value in furtherance of the donee's charitable purpose is the larger of $5,000 or the claimed value of the vehicle multiplied by 39. 2009 tax tables 6%. 2009 tax tables   The penalty for an acknowledgment relating to a qualified vehicle being sold in an arm's length transaction to an unrelated party is the larger of the gross proceeds from the sale or the sales price stated in the acknowledgment multiplied by 39. 2009 tax tables 6%. 2009 tax tables Qualified Intellectual Property A taxpayer who contributes qualified intellectual property to a charity may be entitled to a charitable deduction, in addition to any initial deduction allowed in the year of contribution. 2009 tax tables The additional deduction is based on a specified percentage of the qualified donee income with respect to the qualified intellectual property. 2009 tax tables To qualify for the additional charitable deduction, the donor must provide notice to the donee at the time of the contribution that the donor intends to treat the contribution as qualified intellectual property contribution for purposes of sections 170(m) and 6050L. 2009 tax tables Every donee organization described in section 170(c) (except a private foundation as defined in section 509(a) that is not described in section 170(b)(1)(F)) that receives or accrues net income from a charitable gift of qualified intellectual property must file Form 8899. 2009 tax tables Form 8899. 2009 tax tables   Form 8899, Notice of Income From Donated Intellectual Property, is used by a donee to report net income from qualified intellectual property to the donor of the property and to the IRS and is due by the last day of the first full month following the close of the donee’s tax year. 2009 tax tables This form must be filed for each tax year of the donee in which the donated property produces net income, but only if all or part of that tax year occurs during the 10-year period beginning on the date of the contribution and that tax year does not begin after the expiration of the legal life of the donated property. 2009 tax tables Qualified donee income. 2009 tax tables   Qualified donee income is any net income received by or accrued to the donee that is properly allocable to the qualified intellectual property for the tax year of the donee which ends within or with the tax year of the donor. 2009 tax tables Income is not treated as allocated to qualified intellectual property if it is received or accrued after the earlier of the expiration of the legal life of the qualified intellectual property, or the 10-year period beginning with the date of