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Can I File A 1040ez

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Can I File A 1040ez

Can i file a 1040ez 19. Can i file a 1040ez   Education- Related Adjustments Table of Contents Introduction Useful Items - You may want to see: Student Loan Interest DeductionStudent Loan Interest Defined Can You Claim the Deduction How Much Can You Deduct How Do You Figure the Deduction Tuition and Fees DeductionCan You Claim the Deduction What Expenses Qualify Who Is an Eligible Student Who Can Claim a Dependent's Expenses How Much Can You Deduct Educator Expenses Introduction This chapter discusses the education-related adjustment you can deduct in figuring your adjusted gross income. Can i file a 1040ez This chapter covers the student loan interest deduction, tuition and fees deduction, and the deduction for educator expenses. Can i file a 1040ez Useful Items - You may want to see: Publication 970 Tax Benefits for Education Student Loan Interest Deduction Generally, personal interest you pay, other than certain mortgage interest, is not deductible on your tax return. Can i file a 1040ez However, if your modified adjusted gross income (MAGI) is less than $75,000 ($155,000 if filing a joint return) there is a special deduction allowed for paying interest on a student loan (also known as an education loan) used for higher education. Can i file a 1040ez For most taxpayers, MAGI is the adjusted gross income as figured on their federal income tax return before subtracting any deduction for student loan interest. Can i file a 1040ez This deduction can reduce the amount of your income subject to tax by up to $2,500 in 2013. Can i file a 1040ez Table 19-1 summarizes the features of the student loan interest deduction. Can i file a 1040ez Table 19-1. Can i file a 1040ez Student Loan Interest Deduction at a Glance Do not rely on this table alone. Can i file a 1040ez Refer to the text for more details. Can i file a 1040ez Feature Description Maximum benefit You can reduce your income subject to tax by up to $2,500. Can i file a 1040ez Loan qualifications Your student loan: •  must have been taken out solely to pay qualified education expenses, and   • cannot be from a related person or made under a qualified employer plan. Can i file a 1040ez Student qualifications The student must be: • you, your spouse, or your dependent, and   • enrolled at least half-time in a program leading to a degree, certificate, or other recognized educational credential at an eligible educational institution. Can i file a 1040ez Time limit on deduction You can deduct interest paid during the remaining period of your student loan. Can i file a 1040ez Phaseout The amount of your deduction depends on your income level. Can i file a 1040ez Student Loan Interest Defined Student loan interest is interest you paid during the year on a qualified student loan. Can i file a 1040ez It includes both required and voluntary interest payments. Can i file a 1040ez Qualified Student Loan This is a loan you took out solely to pay qualified education expenses (defined later) that were: For you, your spouse, or a person who was your dependent (defined in chapter 3) when you took out the loan, Paid or incurred within a reasonable period of time before or after you took out the loan, and For education provided during an academic period when the student is an eligible student. Can i file a 1040ez Loans from the following sources are not qualified student loans. Can i file a 1040ez A related person. Can i file a 1040ez A qualified employer plan. Can i file a 1040ez Exceptions. Can i file a 1040ez   For purposes of the student loan interest deduction, the following are exceptions to the general rules for dependents. Can i file a 1040ez An individual can be your dependent even if you are the dependent of another taxpayer. Can i file a 1040ez An individual can be your dependent even if the individual files a joint return with a spouse. Can i file a 1040ez An individual can be your dependent even if the individual had gross income for the year that was equal to or more than the exemption amount for the year ($3,900 for 2013). Can i file a 1040ez    Reasonable period of time. Can i file a 1040ez   Qualified education expenses are treated as paid or incurred within a reasonable period of time before or after you take out the loan if they are paid with the proceeds of student loans that are part of a federal postsecondary education loan program. Can i file a 1040ez   Even if not paid with the proceeds of that type of loan, the expenses are treated as paid or incurred within a reasonable period of time if both of the following requirements are met. Can i file a 1040ez The expenses relate to a specific academic period. Can i file a 1040ez The loan proceeds are disbursed within a period that begins 90 days before the start of that academic period and ends 90 days after the end of that academic period. Can i file a 1040ez   If neither of the above situations applies, the reasonable period of time is determined based on all the relevant facts and circumstances. Can i file a 1040ez Academic period. Can i file a 1040ez   An academic period includes a semester, trimester, quarter, or other period of study (such as a summer school session) as reasonably determined by an educational institution. Can i file a 1040ez In the case of an educational institution that uses credit hours or clock hours and does not have academic terms, each payment period can be treated as an academic period. Can i file a 1040ez Eligible student. Can i file a 1040ez   This is a student who was enrolled at least half-time in a program leading to a degree, certificate, or other recognized educational credential. Can i file a 1040ez Enrolled at least half-time. Can i file a 1040ez   A student was enrolled at least half-time if the student was taking at least half the normal full-time work load for his or her course of study. Can i file a 1040ez   The standard for what is half of the normal full-time work load is determined by each eligible educational institution. Can i file a 1040ez However, the standard may not be lower than any of those established by the U. Can i file a 1040ez S. Can i file a 1040ez Department of Education under the Higher Education Act of 1965. Can i file a 1040ez Related person. Can i file a 1040ez   You cannot deduct interest on a loan you get from a related person. Can i file a 1040ez Related persons include: Your spouse, Your brothers and sisters, Your half brothers and half sisters, Your ancestors (parents, grandparents, etc. Can i file a 1040ez ), Your lineal descendants (children, grandchildren, etc. Can i file a 1040ez ), and Certain corporations, partnerships, trusts, and exempt organizations. Can i file a 1040ez Qualified employer plan. Can i file a 1040ez   You cannot deduct interest on a loan made under a qualified employer plan or under a contract purchased under such a plan. Can i file a 1040ez Qualified Education Expenses For purposes of the student loan interest deduction, these expenses are the total costs of attending an eligible educational institution, including graduate school. Can i file a 1040ez They include amounts paid for the following items. Can i file a 1040ez Tuition and fees. Can i file a 1040ez Room and board. Can i file a 1040ez Books, supplies, and equipment. Can i file a 1040ez Other necessary expenses (such as transportation). Can i file a 1040ez The cost of room and board qualifies only to the extent that it is not more than: The allowance for room and board, as determined by the eligible educational institution, that was included in the cost of attendance (for federal financial aid purposes) for a particular academic period and living arrangement of the student, or If greater, the actual amount charged if the student is residing in housing owned or operated by the eligible educational institution. Can i file a 1040ez Eligible educational institution. Can i file a 1040ez   An eligible educational institution is any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the U. Can i file a 1040ez S. Can i file a 1040ez Department of Education. Can i file a 1040ez It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Can i file a 1040ez   Certain educational institutions located outside the United States also participate in the U. Can i file a 1040ez S. Can i file a 1040ez Department of Education's Federal Student Aid (FSA) programs. Can i file a 1040ez   For purposes of the student loan interest deduction, an eligible educational institution also includes an institution conducting an internship or residency program leading to a degree or certificate from an institution of higher education, a hospital, or a health care facility that offers postgraduate training. Can i file a 1040ez   An educational institution must meet the above criteria only during the academic period(s) for which the student loan was incurred. Can i file a 1040ez The deductibility of interest on the loan is not affected by the institution's subsequent loss of eligibility. Can i file a 1040ez    The educational institution should be able to tell you if it is an eligible educational institution. Can i file a 1040ez Adjustments to qualified education expenses. Can i file a 1040ez   You must reduce your qualified education expenses by certain tax-free items (such as the tax-free part of scholarships and fellowships). Can i file a 1040ez See chapter 4 of Publication 970 for details. Can i file a 1040ez Include as Interest In addition to simple interest on the loan, certain loan origination fees, capitalized interest, interest on revolving lines of credit, and interest on refinanced student loans can be student loan interest if all other requirements are met. Can i file a 1040ez Loan origination fee. Can i file a 1040ez   In general, this is a one-time fee charged by the lender when a loan is made. Can i file a 1040ez To be deductible as interest, the fee must be for the use of money rather than for property or services (such as commitment fees or processing costs) provided by the lender. Can i file a 1040ez A loan origination fee treated as interest accrues over the life of the loan. Can i file a 1040ez Capitalized interest. Can i file a 1040ez    This is unpaid interest on a student loan that is added by the lender to the outstanding principal balance of the loan. Can i file a 1040ez Interest on revolving lines of credit. Can i file a 1040ez   This interest, which includes interest on credit card debt, is student loan interest if the borrower uses the line of credit (credit card) only to pay qualified education expenses. Can i file a 1040ez See Qualified Education Expenses , earlier. Can i file a 1040ez Interest on refinanced student loans. Can i file a 1040ez   This includes interest on both: Consolidated loans—loans used to refinance more than one student loan of the same borrower, and Collapsed loans—two or more loans of the same borrower that are treated by both the lender and the borrower as one loan. Can i file a 1040ez If you refinance a qualified student loan for more than your original loan and you use the additional amount for any purpose other than qualified education expenses, you cannot deduct any interest paid on the refinanced loan. Can i file a 1040ez Voluntary interest payments. Can i file a 1040ez   These are payments made on a qualified student loan during a period when interest payments are not required, such as when the borrower has been granted a deferment or the loan has not yet entered repayment status. Can i file a 1040ez Do Not Include as Interest You cannot claim a student loan interest deduction for any of the following items. Can i file a 1040ez Interest you paid on a loan if, under the terms of the loan, you are not legally obligated to make interest payments. Can i file a 1040ez Loan origination fees that are payments for property or services provided by the lender, such as commitment fees or processing costs. Can i file a 1040ez Interest you paid on a loan to the extent payments were made through your participation in the National Health Service Corps Loan Repayment Program (the “NHSC Loan Repayment Program”) or certain other loan repayment assistance programs. Can i file a 1040ez For more information, see Student Loan Repayment Assistance in chapter 5 of Publication 970. Can i file a 1040ez Can You Claim the Deduction Generally, you can claim the deduction if all of the following requirements are met. Can i file a 1040ez Your filing status is any filing status except married filing separately. Can i file a 1040ez No one else is claiming an exemption for you on his or her tax return. Can i file a 1040ez You are legally obligated to pay interest on a qualified student loan. Can i file a 1040ez You paid interest on a qualified student loan. Can i file a 1040ez Interest paid by others. Can i file a 1040ez   If you are the person legally obligated to make interest payments and someone else makes a payment of interest on your behalf, you are treated as receiving the payments from the other person and, in turn, paying the interest. Can i file a 1040ez See chapter 4 of Publication 970 for more information. Can i file a 1040ez No Double Benefit Allowed You cannot deduct as interest on a student loan any amount that is an allowable deduction under any other provision of the tax law (for example, home mortgage interest). Can i file a 1040ez How Much Can You Deduct Your student loan interest deduction for 2013 is generally the smaller of: $2,500, or The interest you paid in 2013. Can i file a 1040ez However, the amount determined above is phased out (gradually reduced) if your MAGI is between $60,000 and $75,000 ($125,000 and $155,000 if you file a joint return). Can i file a 1040ez You cannot take a student loan interest deduction if your MAGI is $75,000 or more ($155,000 or more if you file a joint return). Can i file a 1040ez For details on figuring your MAGI, see chapter 4 of Publication 970. Can i file a 1040ez How Do You Figure the Deduction Generally, you figure the deduction using the Student Loan Interest Deduction Worksheet in the Form 1040 or Form 1040A instructions. Can i file a 1040ez However, if you are filing Form 2555, 2555-EZ, or 4563, or you are excluding income from sources within Puerto Rico, you must complete Worksheet 4-1 in chapter 4 of Publication 970. Can i file a 1040ez To help you figure your student loan interest deduction, you should receive Form 1098-E, Student Loan Interest Statement. Can i file a 1040ez Generally, an institution (such as a bank or governmental agency) that received interest payments of $600 or more during 2013 on one or more qualified student loans must send Form 1098-E (or acceptable substitute) to each borrower by January 31, 2014. Can i file a 1040ez For qualified student loans taken out before September 1, 2004, the institution is required to include on Form 1098-E only payments of stated interest. Can i file a 1040ez Other interest payments, such as certain loan origination fees and capitalized interest, may not appear on the form you receive. Can i file a 1040ez However, if you pay qualifying interest that is not included on Form 1098-E, you can also deduct those amounts. Can i file a 1040ez For information on allocating payments between interest and principal, see chapter 4 of Publication 970. Can i file a 1040ez To claim the deduction, enter the allowable amount on Form 1040, line 33, or Form 1040A, line 18. Can i file a 1040ez Tuition and Fees Deduction You may be able to deduct qualified education expenses paid during the year for yourself, your spouse, or your dependent(s). Can i file a 1040ez You cannot claim this deduction if your filing status is married filing separately or if another person can claim an exemption for you as a dependent on his or her tax return. Can i file a 1040ez The qualified expenses must be for higher education, as explained later under What Expenses Qualify . Can i file a 1040ez The tuition and fees deduction can reduce the amount of your income subject to tax by up to $4,000. Can i file a 1040ez Table 19-2 summarizes the features of the tuition and fees deduction. Can i file a 1040ez You may be able to take a credit for your education expenses instead of a deduction. Can i file a 1040ez You can choose the one that will give you the lower tax. Can i file a 1040ez See chapter 35, Education Credits, for details about the credits. Can i file a 1040ez Can You Claim the Deduction The following rules will help you determine if you can claim the tuition and fees deduction. Can i file a 1040ez Who Can Claim the Deduction Generally, you can claim the tuition and fees deduction if all three of the following requirements are met. Can i file a 1040ez You paid qualified education expenses of higher education in 2013 for academic periods beginning in 2013 and those beginning in the first three months of 2014. Can i file a 1040ez You paid the education expenses for an eligible student. Can i file a 1040ez The eligible student is yourself, your spouse, or your dependent for whom you claim an exemption (defined in chapter 3) on your tax return. Can i file a 1040ez Qualified education expenses are defined under What Expenses Qualify . Can i file a 1040ez Eligible students are defined later under Who Is an Eligible Student . Can i file a 1040ez Who Cannot Claim the Deduction You cannot claim the tuition and fees deduction if any of the following apply. Can i file a 1040ez Your filing status is married filing separately. Can i file a 1040ez Another person can claim an exemption for you as a dependent on his or her tax return. Can i file a 1040ez You cannot take the deduction even if the other person does not actually claim that exemption. Can i file a 1040ez Your modified adjusted gross income (MAGI) is more than $80,000 ($160,000 if filing a joint return). Can i file a 1040ez You (or your spouse) were a nonresident alien for any part of 2013 and the nonresident alien did not elect to be treated as a resident alien for tax purposes. Can i file a 1040ez More information on nonresident aliens can be found in Publication 519, U. Can i file a 1040ez S. Can i file a 1040ez Tax Guide for Aliens. Can i file a 1040ez You or anyone else claims an American opportunity or lifetime learning credit in 2013 with respect to expenses of the student for whom the qualified education expenses were paid. Can i file a 1040ez However, a state tax credit will not disqualify you from claiming a tuition and fees deduction. Can i file a 1040ez Table 19-2. Can i file a 1040ez Tuition and Fees Deduction at a Glance Do not rely on this table alone. Can i file a 1040ez Refer to the text for more details. Can i file a 1040ez Question   Answer What is the maximum benefit?   You can reduce your income subject to tax by up to $4,000. Can i file a 1040ez Where is the deduction taken?   As an adjustment to income on Form 1040, line 34, or Form 1040A, line 19. Can i file a 1040ez For whom must the expenses be paid?   A student enrolled in an eligible educational institution who is either: you, your spouse, or your dependent for whom you claim an exemption. Can i file a 1040ez What tuition and fees are deductible?   Tuition and fees required for enrollment or attendance at an eligible postsecondary educational institution, but not including personal, living, or family expenses, such as room and board. Can i file a 1040ez What Expenses Qualify The tuition and fees deduction is based on qualified education expenses you pay for yourself, your spouse, or a dependent for whom you claim an exemption on your tax return. Can i file a 1040ez Generally, the deduction is allowed for qualified education expenses paid in 2013 in connection with enrollment at an institution of higher education during 2013 or for an academic period (defined earlier under Student Loan Interest Deduction ) beginning in 2013 or in the first 3 months of 2014. Can i file a 1040ez Payments with borrowed funds. Can i file a 1040ez   You can claim a tuition and fees deduction for qualified education expenses paid with the proceeds of a loan. Can i file a 1040ez Use the expenses to figure the deduction for the year in which the expenses are paid, not the year in which the loan is repaid. Can i file a 1040ez Treat loan payments sent directly to the educational institution as paid on the date the institution credits the student's account. Can i file a 1040ez Student withdraws from class(es). Can i file a 1040ez   You can claim a tuition and fees deduction for qualified education expenses not refunded when a student withdraws. Can i file a 1040ez Qualified Education Expenses For purposes of the tuition and fees deduction, qualified education expenses are tuition and certain related expenses required for enrollment or attendance at an eligible educational institution. Can i file a 1040ez Eligible educational institution. Can i file a 1040ez   An eligible educational institution is any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the U. Can i file a 1040ez S. Can i file a 1040ez Department of Education. Can i file a 1040ez It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Can i file a 1040ez The educational institution should be able to tell you if it is an eligible educational institution. Can i file a 1040ez   Certain educational institutions located outside the United States also participate in the U. Can i file a 1040ez S. Can i file a 1040ez Department of Education's Federal Student Aid (FSA) programs. Can i file a 1040ez Academic period. Can i file a 1040ez    An academic period is any quarter, semester, trimester, or any other period of study as reasonably determined by an eligible educational institution. Can i file a 1040ez If an eligible educational institution uses credit hours and does not have academic terms, each payment period may be treated as an academic period. Can i file a 1040ez Related expenses. Can i file a 1040ez   Student-activity fees and expenses for course-related books, supplies, and equipment are included in qualified education expenses for the tuition and fees deduction only if the fees and expenses must be paid to the institution as a condition of enrollment or attendance. Can i file a 1040ez Prepaid expenses. Can i file a 1040ez   Qualified education expenses paid in 2013 for an academic period that begins in the first three months of 2014 can be used in figuring the tuition and fees deduction. Can i file a 1040ez See Academic period, earlier. Can i file a 1040ez For example, if you pay $2,000 in December 2013 for qualified tuition for the 2014 winter quarter that begins in January 2014, you can use that $2,000 in figuring the tuition and fees deduction for 2013 only if you meet all the other requirements. Can i file a 1040ez    You cannot use any amount you paid in 2012 or 2014 to figure the qualified education expenses you use to figure your 2013 tuition and fees deduction. Can i file a 1040ez No Double Benefit Allowed You cannot do any of the following. Can i file a 1040ez Deduct qualified education expenses you deduct under any other provision of the law, for example, as a business expense. Can i file a 1040ez Deduct qualified education expenses for a student on your income tax return if you or anyone else claims an American opportunity or lifetime learning credit for that same student in the same year. Can i file a 1040ez Deduct qualified education expenses that have been used to figure the tax-free portion of a distribution from a Coverdell education savings account (ESA) or a qualified tuition program (QTP). Can i file a 1040ez For a QTP, this applies only to the amount of tax-free earnings that were distributed, not to the recovery of contributions to the program. Can i file a 1040ez See Figuring the Taxable Portion of a Distribution in chapter 7 (Coverdell ESA) and chapter 8 (QTP) of Publication 970. Can i file a 1040ez Deduct qualified education expenses that have been paid with tax-free interest on U. Can i file a 1040ez S. Can i file a 1040ez savings bonds (Form 8815). Can i file a 1040ez See Figuring the Tax-Free Amount in chapter 10 of Publication 970. Can i file a 1040ez Deduct qualified education expenses that have been paid with tax-free educational assistance such as a scholarship, grant, or employer-provided educational assistance. Can i file a 1040ez See Adjustments to qualified education expenses, later. Can i file a 1040ez Adjustments to qualified education expenses. Can i file a 1040ez   For each student, reduce the qualified education expenses paid by or on behalf of that student under the following rules. Can i file a 1040ez The result is the amount of adjusted qualified education expenses for each student. Can i file a 1040ez Tax-free educational assistance. Can i file a 1040ez   For tax-free educational assistance you received in 2013, reduce the qualified educational expenses for each academic period by the amount of tax-free educational assistance to that academic period. Can i file a 1040ez See Academic period, earlier. Can i file a 1040ez   This includes: The tax-free part of scholarships and fellowships, including Pell grants (see chapter 1 of Publication 970), The tax-free part of any employer-provided educational assistance (see chapter 11 of Publication 970), Veterans' educational assistance (see chapter 1 of Publication 970), and Any other nontaxable (tax-free) payments (other than gifts or inheritances) received as educational assistance. Can i file a 1040ez Generally, any scholarship or fellowship you receive is treated as tax-free educational assistance. Can i file a 1040ez However, a scholarship or fellowship is not treated as tax-free educational assistance to the extent you include it in gross income (if you are required to file a tax return) for the year the scholarship or fellowship is received and either: The scholarship or fellowship (or any part of it) must be applied (by its terms) to expenses (such as room and board) other than qualified education expenses as defined in Qualified education expenses in Pub. Can i file a 1040ez 970, chapter 1. Can i file a 1040ez The scholarship or fellowship (or any part of it) may be applied (by its terms) to expenses (such as room and board) other than qualified education expenses as defined in Qualified education expenses in Pub. Can i file a 1040ez 970, chapter 1. Can i file a 1040ez You may be able to increase the combined value of your tuition and fees deduction and certain educational assistance if you include some or all of the educational assistance in income in the year it is received. Can i file a 1040ez For details, see Adjustments to Qualified Education Expenses in chapter 6 of Pub. Can i file a 1040ez 970. Can i file a 1040ez Some tax-free educational assistance received in 2013 may be treated as a refund of qualified education expenses paid in 2013. Can i file a 1040ez This tax-free educational assistance is any tax-free educational assistance received by you or anyone else after 2013 for qualified education expenses paid on behalf of a student in 2013 (or attributable to enrollment at an eligible educational institution during 2013). Can i file a 1040ez If this tax-free educational assistance is received after 2013 but before you file your 2013 income tax return, see Refunds received after 2013 but before your income tax return is filed, later. Can i file a 1040ez If this tax-free educational assistance is received after 2013 and after you file your 2013 income tax return, see Refunds received after 2013 and after your income tax return is filed, later. Can i file a 1040ez Refunds. Can i file a 1040ez   A refund of qualified education expenses may reduce adjusted qualified education expenses for the tax year or may require you to include some or all of the refund in your gross income for the year the refund is received. Can i file a 1040ez See chapter 6 of Pub. Can i file a 1040ez 970 for more information. Can i file a 1040ez Some tax-free educational assistance received after 2013 may be treated as a refund. Can i file a 1040ez See Tax-free educational assistance, earlier. Can i file a 1040ez Refunds received in 2013. Can i file a 1040ez    For each student, figure the adjusted qualified education expenses for 2013 by adding all the qualified education expenses paid in 2013 and subtracting any refunds of those expenses received from the eligible educational institution during 2013. Can i file a 1040ez Refunds received after 2013 but before your income tax return is filed. Can i file a 1040ez   If you receive a refund after 2013 of qualified education expenses you paid in 2013 and the refund is received before you file your 2013 income tax return, reduce the amount of qualified education expenses for 2013 by the amount of the refund. Can i file a 1040ez Refunds received after 2013 and after your income tax return is filed. Can i file a 1040ez   If you receive a refund after 2013 of qualified education expenses you paid in 2013 and the refund is received after you file your 2013 income tax return, you may need to include some or all of the refund in your gross income for the year the refund is received. Can i file a 1040ez See chapter 6 of Pub. Can i file a 1040ez 970 for more information. Can i file a 1040ez Coordination with Coverdell education savings accounts and qualified tuition programs. Can i file a 1040ez    Reduce your qualified education expenses by any qualified education expenses used to figure the exclusion from gross income of (a) interest received under an education savings bond program, or (b) any distribution from a Coverdell education savings account or qualified tuition program (QTP). Can i file a 1040ez For a QTP, this applies only to the amount of tax-free earnings that were distributed, not to the recovery of contributions to the program. Can i file a 1040ez Amounts that do not reduce qualified education expenses. Can i file a 1040ez   Do not reduce qualified education expenses by amounts paid with funds the student receives as: Payment for services, such as wages, A loan, A gift, An inheritance, or A withdrawal from the student's personal savings. Can i file a 1040ez   Do not reduce the qualified education expenses by any scholarship or fellowship reported as income on the student's tax return in the following situations. Can i file a 1040ez The use of the money is restricted, by the terms of the scholarship or fellowship, to costs of attendance (such as room and board) other than qualified education expenses. Can i file a 1040ez The use of the money is not restricted. Can i file a 1040ez Expenses That Do Not Qualify Qualified education expenses do not include amounts paid for: Insurance, Medical expenses (including student health fees), Room and board, Transportation, or Similar personal, living, or family expenses. Can i file a 1040ez This is true even if the amount must be paid to the institution as a condition of enrollment or attendance. Can i file a 1040ez Sports, games, hobbies, and noncredit courses. Can i file a 1040ez   Qualified education expenses generally do not include expenses that relate to any course of instruction or other education that involves sports, games or hobbies, or any noncredit course. Can i file a 1040ez However, if the course of instruction or other education is part of the student's degree program, these expenses can qualify. Can i file a 1040ez Comprehensive or bundled fees. Can i file a 1040ez   Some eligible educational institutions combine all of their fees for an academic period into one amount. Can i file a 1040ez If you do not receive, or do not have access to, an allocation showing how much you paid for qualified education expenses and how much you paid for personal expenses, such as those listed above, contact the institution. Can i file a 1040ez The institution is required to make this allocation and provide you with the amount you paid (or were billed) for qualified education expenses on Form 1098-T, Tuition Statement. Can i file a 1040ez See How Do You Figure the Deduction , later, for more information about Form 1098-T. Can i file a 1040ez Who Is an Eligible Student For purposes of the tuition and fees deduction, an eligible student is a student who is enrolled in one or more courses at an eligible educational institution (defined earlier). Can i file a 1040ez Who Can Claim a Dependent's Expenses Generally, in order to claim the tuition and fees deduction for qualified education expenses for a dependent, you must: Have paid the expenses, and Claim an exemption for the student as a dependent. Can i file a 1040ez Table 19-3 summarizes who can claim the deduction. Can i file a 1040ez How Much Can You Deduct The maximum tuition and fees deduction in 2013 is $4,000, $2,000, or $0, depending on the amount of your MAGI. Can i file a 1040ez For details on figuring your MAGI, see chapter 6 of Publication 970. Can i file a 1040ez How Do You Figure the Deduction Figure the deduction using Form 8917. Can i file a 1040ez To help you figure your tuition and fees deduction, you should receive Form 1098-T, Tuition Statement. Can i file a 1040ez Generally, an eligible educational institution (such as a college or university) must send Form 1098-T (or acceptable substitute) to each enrolled student by January 31, 2014. Can i file a 1040ez To claim the deduction, enter the allowable amount on Form 1040, line 34, or Form 1040A, line 19, and attach your completed Form 8917. Can i file a 1040ez Table 19-3. Can i file a 1040ez Who Can Claim a Dependent's Expenses Do not rely on this table alone. Can i file a 1040ez See Who Can Claim a Dependent's Expenses in chapter 6 of Publication 970. Can i file a 1040ez IF your dependent is an eligible student and you. Can i file a 1040ez . Can i file a 1040ez . Can i file a 1040ez AND. Can i file a 1040ez . Can i file a 1040ez . Can i file a 1040ez THEN. Can i file a 1040ez . Can i file a 1040ez . Can i file a 1040ez claim an exemption for your dependent you paid all qualified education expenses for your dependent only you can deduct the qualified education expenses that you paid. Can i file a 1040ez Your dependent cannot take a deduction. Can i file a 1040ez claim an exemption for your dependent your dependent paid all qualified education expenses no one is allowed to take a deduction. Can i file a 1040ez do not claim an exemption for your dependent you paid all qualified education expenses no one is allowed to take a deduction. Can i file a 1040ez do not claim an exemption for your dependent your dependent paid all qualified education expenses no one is allowed to take a deduction. Can i file a 1040ez Educator Expenses If you were an eligible educator in 2013, you can deduct on Form 1040, line 23, or Form 1040A, line 16, up to $250 of qualified expenses you paid in 2013. Can i file a 1040ez If you and your spouse are filing jointly and both of you were eligible educators, the maximum deduction is $500. Can i file a 1040ez However, neither spouse can deduct more than $250 of his or her qualified expenses on Form 1040, line 23, or Form 1040A, line 16. Can i file a 1040ez You may be able to deduct expenses that are more than the $250 (or $500) limit on Schedule A (Form 1040), line 21. Can i file a 1040ez Eligible educator. Can i file a 1040ez   An eligible educator is a kindergarten through grade 12 teacher, instructor, counselor, principal, or aide who worked in a school for at least 900 hours during a school year. Can i file a 1040ez Qualified expenses. Can i file a 1040ez   Qualified expenses include ordinary and necessary expenses paid in connection with books, supplies, equipment (including computer equipment, software, and services), and other materials used in the classroom. Can i file a 1040ez An ordinary expense is one that is common and accepted in your educational field. Can i file a 1040ez A necessary expense is one that is helpful and appropriate for your profession as an educator. Can i file a 1040ez An expense does not have to be required to be considered necessary. Can i file a 1040ez   Qualified expenses do not include expenses for home schooling or for nonathletic supplies for courses in health or physical education. Can i file a 1040ez   You must reduce your qualified expenses by the following amounts. Can i file a 1040ez Excludable U. Can i file a 1040ez S. Can i file a 1040ez series EE and I savings bond interest from Form 8815. Can i file a 1040ez See Figuring the Tax-Free Amount in chapter 10 of Publication 970. Can i file a 1040ez Nontaxable qualified tuition program earnings or distributions. Can i file a 1040ez See Figuring the Taxable Portion of a Distribution in chapter 8 of Publication 970. Can i file a 1040ez Nontaxable distribution of earnings from a Coverdell education savings account. Can i file a 1040ez See Figuring the Taxable Portion of a Distribution in chapter 7 of Publication 970. Can i file a 1040ez Any reimbursements you received for these expenses that were not reported to you in box 1 of your Form W-2. Can i file a 1040ez Prev  Up  Next   Home   More Online Publications
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Consumer Protection Offices

City, county, regional, and state consumer offices offer a variety of important services. They might mediate complaints, conduct investigations, prosecute offenders of consumer laws, license and regulate professional service providers, provide educational materials and advocate for consumer rights. To save time, call before sending a written complaint. Ask if the office handles the type of complaint you have and if complaint forms are provided.

State Consumer Protection Offices

Department of Consumer Protection

Website: Department of Consumer Protection

Address: Department of Consumer Protection
165 Capitol Ave.
Hartford, CT 06106-1630

Phone Number: 860-713-6300

Toll-free: 1-800-842-2649

TTY: 860-713-7240

Connecticut Attorney General's Office

Website: Connecticut Attorney General's Office

Address: Connecticut Attorney General's Office
Consumer Assistance Unit
55 Elm St.
Hartford, CT 06106

Phone Number: 860-808-5420

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Banking Authorities

The officials listed in this section regulate and supervise state-chartered banks. Many of them handle or refer problems and complaints about other types of financial institutions as well. Some also answer general questions about banking and consumer credit. If you are dealing with a federally chartered bank, check Federal Agencies.

Department of Banking

Website: Department of Banking

Address: Department of Banking
Government Relations and Consumer Affairs
260 Constitution Plaza
Hartford, CT 06103-1800

Phone Number: 860-240-8299

Toll-free: 1-800-831-7225
1-877-472-8313 (Foreclosure Assistance) 1-877-472-8313 (Foreclosure Assistance)

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Insurance Regulators

Each state has its own laws and regulations for each type of insurance. The officials listed in this section enforce these laws. Many of these offices can also provide you with information to help you make informed insurance buying decisions.

Insurance Department

Website: Insurance Department

Address: Insurance Department
Consumer Affairs Division
PO Box 816
Hartford, CT 06142-0816

Phone Number: 860-297-3900

Toll-free: 1-800-203-3447 (CT)

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Securities Administrators

Each state has its own laws and regulations for securities brokers and securities - including stocks, mutual funds, commodities, real estate, etc. The officials and agencies listed in this section enforce these laws and regulations. Many of these offices can also provide information to help you make informed investment decisions.

Department of Banking

Website: Department of Banking

Address: Department of Banking
Securities and Business Investments Division
260 Constitution Plaza
Hartford, CT 06103-1800

Phone Number: 860-240-8230

Toll-free: 1-800-831-7225

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Utility Commissions

State Utility Commissions regulate services and rates for gas, electricity and telephones within your state. In some states, the utility commissions regulate other services such as water, transportation, and the moving of household goods. Many utility commissions handle consumer complaints. Sometimes, if a number of complaints are received about the same utility matter, they will conduct investigations.

Department of Energy and Environmental Protection

Website: Department of Energy and Environmental Protection

Address: Department of Energy and Environmental Protection
Public Utilities Regulatory Authority
Consumer Services Unit

10 Franklin Square
New Britain, CT 06051

Phone Number: 860-827-1553

Toll-free: 1-800-382-4586 (CT)

TTY: 860-827-2837

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The Can I File A 1040ez

Can i file a 1040ez 7. Can i file a 1040ez   Interest Income Table of Contents Reminder Introduction Useful Items - You may want to see: General InformationSSN for joint account. Can i file a 1040ez Custodian account for your child. Can i file a 1040ez Penalty for failure to supply SSN. Can i file a 1040ez Reporting backup withholding. Can i file a 1040ez Savings account with parent as trustee. Can i file a 1040ez Interest not reported on Form 1099-INT. Can i file a 1040ez Nominees. Can i file a 1040ez Incorrect amount. Can i file a 1040ez Information reporting requirement. Can i file a 1040ez Taxable InterestInterest subject to penalty for early withdrawal. Can i file a 1040ez Money borrowed to invest in certificate of deposit. Can i file a 1040ez U. Can i file a 1040ez S. Can i file a 1040ez Savings Bonds Education Savings Bond Program U. Can i file a 1040ez S. Can i file a 1040ez Treasury Bills, Notes, and Bonds Bonds Sold Between Interest Dates Insurance State or Local Government Obligations Original Issue Discount (OID) When To Report Interest IncomeConstructive receipt. Can i file a 1040ez How To Report Interest IncomeSchedule B (Form 1040A or 1040). Can i file a 1040ez Reporting tax-exempt interest. Can i file a 1040ez U. Can i file a 1040ez S. Can i file a 1040ez savings bond interest previously reported. Can i file a 1040ez Reminder Foreign-source income. Can i file a 1040ez  If you are a U. Can i file a 1040ez S. Can i file a 1040ez citizen with interest income from sources outside the United States (foreign income), you must report that income on your tax return unless it is exempt by U. Can i file a 1040ez S. Can i file a 1040ez law. Can i file a 1040ez This is true whether you reside inside or outside the United States and whether or not you receive a Form 1099 from the foreign payer. Can i file a 1040ez Introduction This chapter discusses the following topics. Can i file a 1040ez Different types of interest income. Can i file a 1040ez What interest is taxable and what interest is nontaxable. Can i file a 1040ez When to report interest income. Can i file a 1040ez How to report interest income on your tax return. Can i file a 1040ez In general, any interest you receive or that is credited to your account and can be withdrawn is taxable income. Can i file a 1040ez Exceptions to this rule are discussed later in this chapter. Can i file a 1040ez You may be able to deduct expenses you have in earning this income on Schedule A (Form 1040) if you itemize your deductions. Can i file a 1040ez See Money borrowed to invest in certificate of deposit , later, and chapter 28. Can i file a 1040ez Useful Items - You may want to see: Publication 537 Installment Sales 550 Investment Income and Expenses 1212 Guide to Original Issue Discount (OID) Instruments Form (and Instructions) Schedule B (Form 1040A or 1040) Interest and Ordinary Dividends 8815 Exclusion of Interest From Series EE and I U. Can i file a 1040ez S. Can i file a 1040ez Savings Bonds Issued After 1989 8818 Optional Form To Record Redemption of Series EE and I U. Can i file a 1040ez S. Can i file a 1040ez Savings Bonds Issued After 1989 General Information A few items of general interest are covered here. Can i file a 1040ez Recordkeeping. Can i file a 1040ez You should keep a list showing sources and interest amounts received during the year. Can i file a 1040ez Also, keep the forms you receive showing your interest income (Forms 1099-INT, for example) as an important part of your records. Can i file a 1040ez Tax on unearned income of certain children. Can i file a 1040ez    Part of a child's 2013 unearned income may be taxed at the parent's tax rate. Can i file a 1040ez If so, Form 8615, Tax for Certain Children Who Have Unearned Income, must be completed and attached to the child's tax return. Can i file a 1040ez If not, Form 8615 is not required and the child's income is taxed at his or her own tax rate. Can i file a 1040ez   Some parents can choose to include the child's interest and dividends on the parent's return. Can i file a 1040ez If you can, use Form 8814, Parents' Election To Report Child's Interest and Dividends, for this purpose. Can i file a 1040ez   For more information about the tax on unearned income of children and the parents' election, see chapter 31. Can i file a 1040ez Beneficiary of an estate or trust. Can i file a 1040ez   Interest you receive as a beneficiary of an estate or trust is generally taxable income. Can i file a 1040ez You should receive a Schedule K-1 (Form 1041), Beneficiary's Share of Income, Deductions, Credits, etc. Can i file a 1040ez , from the fiduciary. Can i file a 1040ez Your copy of Schedule K-1 (Form 1041) and its instructions will tell you where to report the income on your Form 1040. Can i file a 1040ez Social security number (SSN). Can i file a 1040ez   You must give your name and SSN or individual tax identification number (ITIN) to any person required by federal tax law to make a return, statement, or other document that relates to you. Can i file a 1040ez This includes payers of interest. Can i file a 1040ez If you do not give your SSN or ITIN to the payer of interest, you may have to pay a penalty. Can i file a 1040ez SSN for joint account. Can i file a 1040ez   If the funds in a joint account belong to one person, list that person's name first on the account and give that person's SSN to the payer. Can i file a 1040ez (For information on who owns the funds in a joint account, see Joint accounts , later. Can i file a 1040ez ) If the joint account contains combined funds, give the SSN of the person whose name is listed first on the account. Can i file a 1040ez This is because only one name and SSN can be shown on Form 1099. Can i file a 1040ez   These rules apply both to joint ownership by a married couple and to joint ownership by other individuals. Can i file a 1040ez For example, if you open a joint savings account with your child using funds belonging to the child, list the child's name first on the account and give the child's SSN. Can i file a 1040ez Custodian account for your child. Can i file a 1040ez   If your child is the actual owner of an account that is recorded in your name as custodian for the child, give the child's SSN to the payer. Can i file a 1040ez For example, you must give your child's SSN to the payer of interest on an account owned by your child, even though the interest is paid to you as custodian. Can i file a 1040ez Penalty for failure to supply SSN. Can i file a 1040ez   If you do not give your SSN to the payer of interest, you may have to pay a penalty. Can i file a 1040ez See Failure to supply SSN under Penalties in chapter 1. Can i file a 1040ez Backup withholding also may apply. Can i file a 1040ez Backup withholding. Can i file a 1040ez   Your interest income is generally not subject to regular withholding. Can i file a 1040ez However, it may be subject to backup withholding to ensure that income tax is collected on the income. Can i file a 1040ez Under backup withholding, the payer of interest must withhold, as income tax, on the amount you are paid, applying the appropriate withholding rate. Can i file a 1040ez   Backup withholding may also be required if the IRS has determined that you underreported your interest or dividend income. Can i file a 1040ez For more information, see Backup Withholding in chapter 4. Can i file a 1040ez Reporting backup withholding. Can i file a 1040ez   If backup withholding is deducted from your interest income, the payer must give you a Form 1099-INT for the year indicating the amount withheld. Can i file a 1040ez The Form 1099-INT will show any backup withholding as “Federal income tax withheld. Can i file a 1040ez ” Joint accounts. Can i file a 1040ez   If two or more persons hold property (such as a savings account or bond) as joint tenants, tenants by the entirety, or tenants in common, each person's share of any interest from the property is determined by local law. Can i file a 1040ez Income from property given to a child. Can i file a 1040ez   Property you give as a parent to your child under the Model Gifts of Securities to Minors Act, the Uniform Gifts to Minors Act, or any similar law becomes the child's property. Can i file a 1040ez   Income from the property is taxable to the child, except that any part used to satisfy a legal obligation to support the child is taxable to the parent or guardian having that legal obligation. Can i file a 1040ez Savings account with parent as trustee. Can i file a 1040ez   Interest income from a savings account opened for a minor child, but placed in the name and subject to the order of the parents as trustees, is taxable to the child if, under the law of the state in which the child resides, both of the following are true. Can i file a 1040ez The savings account legally belongs to the child. Can i file a 1040ez The parents are not legally permitted to use any of the funds to support the child. Can i file a 1040ez Form 1099-INT. Can i file a 1040ez   Interest income is generally reported to you on Form 1099-INT, or a similar statement, by banks, savings and loans, and other payers of interest. Can i file a 1040ez This form shows you the interest you received during the year. Can i file a 1040ez Keep this form for your records. Can i file a 1040ez You do not have to attach it to your tax return. Can i file a 1040ez   Report on your tax return the total interest income you receive for the tax year. Can i file a 1040ez Interest not reported on Form 1099-INT. Can i file a 1040ez   Even if you do not receive Form 1099-INT, you must still report all of your interest income. Can i file a 1040ez For example, you may receive distributive shares of interest from partnerships or S corporations. Can i file a 1040ez This interest is reported to you on Schedule K-1 (Form 1065), Partner's Share of Income, Deduction, Credits, etc. Can i file a 1040ez , or Schedule K-1 (Form 1120S), Shareholder's Share of Income, Deductions, Credits, etc. Can i file a 1040ez Nominees. Can i file a 1040ez   Generally, if someone receives interest as a nominee for you, that person must give you a Form 1099-INT showing the interest received on your behalf. Can i file a 1040ez   If you receive a Form 1099-INT that includes amounts belonging to another person, see the discussion on nominee distributions under How To Report Interest Income in chapter 1 of Publication 550, or Schedule B (Form 1040A or 1040) instructions. Can i file a 1040ez Incorrect amount. Can i file a 1040ez   If you receive a Form 1099-INT that shows an incorrect amount (or other incorrect information), you should ask the issuer for a corrected form. Can i file a 1040ez The new Form 1099-INT you receive will be marked “Corrected. Can i file a 1040ez ” Form 1099-OID. Can i file a 1040ez   Reportable interest income also may be shown on Form 1099-OID, Original Issue Discount. Can i file a 1040ez For more information about amounts shown on this form, see Original Issue Discount (OID) , later in this chapter. Can i file a 1040ez Exempt-interest dividends. Can i file a 1040ez   Exempt-interest dividends you receive from a mutual fund or other regulated investment company, including those received from a qualified fund of funds in any tax year beginning after December 22, 2010, are not included in your taxable income. Can i file a 1040ez (However, see Information reporting requirement , next. Can i file a 1040ez ) Exempt-interest dividends should be shown in box 10 of Form 1099-DIV. Can i file a 1040ez You do not reduce your basis for distributions that are exempt-interest dividends. Can i file a 1040ez Information reporting requirement. Can i file a 1040ez   Although exempt-interest dividends are not taxable, you must show them on your tax return if you have to file. Can i file a 1040ez This is an information reporting requirement and does not change the exempt-interest dividends into taxable income. Can i file a 1040ez Note. Can i file a 1040ez Exempt-interest dividends paid from specified private activity bonds may be subject to the alternative minimum tax. Can i file a 1040ez See Alternative Minimum Tax (AMT) in chapter 30 for more information. Can i file a 1040ez Chapter 1 of Publication 550 contains a discussion on private activity bonds under State or Local Government Obligations. Can i file a 1040ez Interest on VA dividends. Can i file a 1040ez   Interest on insurance dividends left on deposit with the Department of Veterans Affairs (VA) is not taxable. Can i file a 1040ez This includes interest paid on dividends on converted United States Government Life Insurance and on National Service Life Insurance policies. Can i file a 1040ez Individual retirement arrangements (IRAs). Can i file a 1040ez   Interest on a Roth IRA generally is not taxable. Can i file a 1040ez Interest on a traditional IRA is tax deferred. Can i file a 1040ez You generally do not include it in your income until you make withdrawals from the IRA. Can i file a 1040ez See chapter 17. Can i file a 1040ez Taxable Interest Taxable interest includes interest you receive from bank accounts, loans you make to others, and other sources. Can i file a 1040ez The following are some sources of taxable interest. Can i file a 1040ez Dividends that are actually interest. Can i file a 1040ez   Certain distributions commonly called dividends are actually interest. Can i file a 1040ez You must report as interest so-called “dividends” on deposits or on share accounts in: Cooperative banks, Credit unions, Domestic building and loan associations, Domestic savings and loan associations, Federal savings and loan associations, and Mutual savings banks. Can i file a 1040ez  The “dividends” will be shown as interest income on Form 1099-INT. Can i file a 1040ez Money market funds. Can i file a 1040ez   Money market funds pay dividends and are offered by nonbank financial institutions, such as mutual funds and stock brokerage houses. Can i file a 1040ez Generally, amounts you receive from money market funds should be reported as dividends, not as interest. Can i file a 1040ez Certificates of deposit and other deferred interest accounts. Can i file a 1040ez   If you open any of these accounts, interest may be paid at fixed intervals of 1 year or less during the term of the account. Can i file a 1040ez You generally must include this interest in your income when you actually receive it or are entitled to receive it without paying a substantial penalty. Can i file a 1040ez The same is true for accounts that mature in 1 year or less and pay interest in a single payment at maturity. Can i file a 1040ez If interest is deferred for more than 1 year, see Original Issue Discount (OID) , later. Can i file a 1040ez Interest subject to penalty for early withdrawal. Can i file a 1040ez   If you withdraw funds from a deferred interest account before maturity, you may have to pay a penalty. Can i file a 1040ez You must report the total amount of interest paid or credited to your account during the year, without subtracting the penalty. Can i file a 1040ez See Penalty on early withdrawal of savings in chapter 1 of Publication 550 for more information on how to report the interest and deduct the penalty. Can i file a 1040ez Money borrowed to invest in certificate of deposit. Can i file a 1040ez   The interest you pay on money borrowed from a bank or savings institution to meet the minimum deposit required for a certificate of deposit from the institution and the interest you earn on the certificate are two separate items. Can i file a 1040ez You must report the total interest you earn on the certificate in your income. Can i file a 1040ez If you itemize deductions, you can deduct the interest you pay as investment interest, up to the amount of your net investment income. Can i file a 1040ez See Interest Expenses in chapter 3 of Publication 550. Can i file a 1040ez Example. Can i file a 1040ez You deposited $5,000 with a bank and borrowed $5,000 from the bank to make up the $10,000 minimum deposit required to buy a 6-month certificate of deposit. Can i file a 1040ez The certificate earned $575 at maturity in 2013, but you received only $265, which represented the $575 you earned minus $310 interest charged on your $5,000 loan. Can i file a 1040ez The bank gives you a Form 1099-INT for 2013 showing the $575 interest you earned. Can i file a 1040ez The bank also gives you a statement showing that you paid $310 interest for 2013. Can i file a 1040ez You must include the $575 in your income. Can i file a 1040ez If you itemize your deductions on Schedule A (Form 1040), you can deduct $310, subject to the net investment income limit. Can i file a 1040ez Gift for opening account. Can i file a 1040ez   If you receive noncash gifts or services for making deposits or for opening an account in a savings institution, you may have to report the value as interest. Can i file a 1040ez   For deposits of less than $5,000, gifts or services valued at more than $10 must be reported as interest. Can i file a 1040ez For deposits of $5,000 or more, gifts or services valued at more than $20 must be reported as interest. Can i file a 1040ez The value is determined by the cost to the financial institution. Can i file a 1040ez Example. Can i file a 1040ez You open a savings account at your local bank and deposit $800. Can i file a 1040ez The account earns $20 interest. Can i file a 1040ez You also receive a $15 calculator. Can i file a 1040ez If no other interest is credited to your account during the year, the Form 1099-INT you receive will show $35 interest for the year. Can i file a 1040ez You must report $35 interest income on your tax return. Can i file a 1040ez Interest on insurance dividends. Can i file a 1040ez   Interest on insurance dividends left on deposit with an insurance company that can be withdrawn annually is taxable to you in the year it is credited to your account. Can i file a 1040ez However, if you can withdraw it only on the anniversary date of the policy (or other specified date), the interest is taxable in the year that date occurs. Can i file a 1040ez Prepaid insurance premiums. Can i file a 1040ez   Any increase in the value of prepaid insurance premiums, advance premiums, or premium deposit funds is interest if it is applied to the payment of premiums due on insurance policies or made available for you to withdraw. Can i file a 1040ez U. Can i file a 1040ez S. Can i file a 1040ez obligations. Can i file a 1040ez   Interest on U. Can i file a 1040ez S. Can i file a 1040ez obligations, such as U. Can i file a 1040ez S. Can i file a 1040ez Treasury bills, notes, and bonds, issued by any agency or instrumentality of the United States is taxable for federal income tax purposes. Can i file a 1040ez Interest on tax refunds. Can i file a 1040ez   Interest you receive on tax refunds is taxable income. Can i file a 1040ez Interest on condemnation award. Can i file a 1040ez   If the condemning authority pays you interest to compensate you for a delay in payment of an award, the interest is taxable. Can i file a 1040ez Installment sale payments. Can i file a 1040ez   If a contract for the sale or exchange of property provides for deferred payments, it also usually provides for interest payable with the deferred payments. Can i file a 1040ez That interest is taxable when you receive it. Can i file a 1040ez If little or no interest is provided for in a deferred payment contract, part of each payment may be treated as interest. Can i file a 1040ez See Unstated Interest and Original Issue Discount in Publication 537, Installment Sales. Can i file a 1040ez Interest on annuity contract. Can i file a 1040ez   Accumulated interest on an annuity contract you sell before its maturity date is taxable. Can i file a 1040ez Usurious interest. Can i file a 1040ez   Usurious interest is interest charged at an illegal rate. Can i file a 1040ez This is taxable as interest unless state law automatically changes it to a payment on the principal. Can i file a 1040ez Interest income on frozen deposits. Can i file a 1040ez   Exclude from your gross income interest on frozen deposits. Can i file a 1040ez A deposit is frozen if, at the end of the year, you cannot withdraw any part of the deposit because: The financial institution is bankrupt or insolvent, or The state where the institution is located has placed limits on withdrawals because other financial institutions in the state are bankrupt or insolvent. Can i file a 1040ez   The amount of interest you must exclude is the interest that was credited on the frozen deposits minus the sum of: The net amount you withdrew from these deposits during the year, and The amount you could have withdrawn as of the end of the year (not reduced by any penalty for premature withdrawals of a time deposit). Can i file a 1040ez If you receive a Form 1099-INT for interest income on deposits that were frozen at the end of 2013, see Frozen deposits under How To Report Interest Income in chapter 1 of Publication 550, for information about reporting this interest income exclusion on your tax return. Can i file a 1040ez   The interest you exclude is treated as credited to your account in the following year. Can i file a 1040ez You must include it in income in the year you can withdraw it. Can i file a 1040ez Example. Can i file a 1040ez $100 of interest was credited on your frozen deposit during the year. Can i file a 1040ez You withdrew $80 but could not withdraw any more as of the end of the year. Can i file a 1040ez You must include $80 in your income and exclude $20 from your income for the year. Can i file a 1040ez You must include the $20 in your income for the year you can withdraw it. Can i file a 1040ez Bonds traded flat. Can i file a 1040ez   If you buy a bond at a discount when interest has been defaulted or when the interest has accrued but has not been paid, the transaction is described as trading a bond flat. Can i file a 1040ez The defaulted or unpaid interest is not income and is not taxable as interest if paid later. Can i file a 1040ez When you receive a payment of that interest, it is a return of capital that reduces the remaining cost basis of your bond. Can i file a 1040ez Interest that accrues after the date of purchase, however, is taxable interest income for the year it is received or accrued. Can i file a 1040ez See Bonds Sold Between Interest Dates , later, for more information. Can i file a 1040ez Below-market loans. Can i file a 1040ez   In general, a below-market loan is a loan on which no interest is charged or on which interest is charged at a rate below the applicable federal rate. Can i file a 1040ez See Below-Market Loans in chapter 1 of Publication 550 for more information. Can i file a 1040ez U. Can i file a 1040ez S. Can i file a 1040ez Savings Bonds This section provides tax information on U. Can i file a 1040ez S. Can i file a 1040ez savings bonds. Can i file a 1040ez It explains how to report the interest income on these bonds and how to treat transfers of these bonds. Can i file a 1040ez For other information on U. Can i file a 1040ez S. Can i file a 1040ez savings bonds, write to:  For series EE and I paper savings bonds: Bureau of the Public Debt Division of Customer Assistance P. Can i file a 1040ez O. Can i file a 1040ez Box 7012 Parkersburg, WV 26106-7012  For series EE and I electronic bonds: Bureau of the Public Debt Division of Customer Assistance P. Can i file a 1040ez O. Can i file a 1040ez Box 7015 Parkersburg, WV 26106–7015  For series HH/H: Bureau of the Public Debt Division of Customer Assistance P. Can i file a 1040ez O. Can i file a 1040ez Box 2186 Parkersburg, WV 26106-2186 Or, on the Internet, visit: www. Can i file a 1040ez treasurydirect. Can i file a 1040ez gov/indiv/indiv. Can i file a 1040ez htm. Can i file a 1040ez Accrual method taxpayers. Can i file a 1040ez   If you use an accrual method of accounting, you must report interest on U. Can i file a 1040ez S. Can i file a 1040ez savings bonds each year as it accrues. Can i file a 1040ez You cannot postpone reporting interest until you receive it or until the bonds mature. Can i file a 1040ez Accrual methods of accounting are explained in chapter 1 under Accounting Methods . Can i file a 1040ez Cash method taxpayers. Can i file a 1040ez   If you use the cash method of accounting, as most individual taxpayers do, you generally report the interest on U. Can i file a 1040ez S. Can i file a 1040ez savings bonds when you receive it. Can i file a 1040ez The cash method of accounting is explained in chapter 1 under Accounting Methods. Can i file a 1040ez But see Reporting options for cash method taxpayers , later. Can i file a 1040ez Series HH bonds. Can i file a 1040ez    These bonds were issued at face value. Can i file a 1040ez Interest is paid twice a year by direct deposit to your bank account. Can i file a 1040ez If you are a cash method taxpayer, you must report interest on these bonds as income in the year you receive it. Can i file a 1040ez   Series HH bonds were first offered in 1980 and last offered in August 2004. Can i file a 1040ez Before 1980, series H bonds were issued. Can i file a 1040ez Series H bonds are treated the same as series HH bonds. Can i file a 1040ez If you are a cash method taxpayer, you must report the interest when you receive it. Can i file a 1040ez   Series H bonds have a maturity period of 30 years. Can i file a 1040ez Series HH bonds mature in 20 years. Can i file a 1040ez The last series H bonds matured in 2009. Can i file a 1040ez Series EE and series I bonds. Can i file a 1040ez   Interest on these bonds is payable when you redeem the bonds. Can i file a 1040ez The difference between the purchase price and the redemption value is taxable interest. Can i file a 1040ez Series EE bonds. Can i file a 1040ez   Series EE bonds were first offered in January 1980 and have a maturity period of 30 years. Can i file a 1040ez   Before July 1980, series E bonds were issued. Can i file a 1040ez The original 10-year maturity period of series E bonds has been extended to 40 years for bonds issued before December 1965 and 30 years for bonds issued after November 1965. Can i file a 1040ez Paper series EE and series E bonds are issued at a discount. Can i file a 1040ez The face value is payable to you at maturity. Can i file a 1040ez Electronic series EE bonds are issued at their face value. Can i file a 1040ez The face value plus accrued interest is payable to you at maturity. Can i file a 1040ez As of January 1, 2012, paper savings bonds were no longer sold at financial institutions. Can i file a 1040ez   Owners of paper series EE bonds can convert them to electronic bonds. Can i file a 1040ez These converted bonds do not retain the denomination listed on the paper certificate but are posted at their purchase price (with accrued interest). Can i file a 1040ez Series I bonds. Can i file a 1040ez   Series I bonds were first offered in 1998. Can i file a 1040ez These are inflation-indexed bonds issued at their face amount with a maturity period of 30 years. Can i file a 1040ez The face value plus all accrued interest is payable to you at maturity. Can i file a 1040ez Reporting options for cash method taxpayers. Can i file a 1040ez   If you use the cash method of reporting income, you can report the interest on series EE, series E, and series I bonds in either of the following ways. Can i file a 1040ez Method 1. Can i file a 1040ez Postpone reporting the interest until the earlier of the year you cash or dispose of the bonds or the year they mature. Can i file a 1040ez (However, see Savings bonds traded , later. Can i file a 1040ez )  Note. Can i file a 1040ez Series EE bonds issued in 1983 matured in 2013. Can i file a 1040ez If you have used method 1, you generally must report the interest on these bonds on your 2013 return. Can i file a 1040ez The last series E bonds were issued in 1980 and matured in 2010. Can i file a 1040ez If you used method 1, you generally should have reported the interest on these bonds on your 2010 return. Can i file a 1040ez Method 2. Can i file a 1040ez Choose to report the increase in redemption value as interest each year. Can i file a 1040ez You must use the same method for all series EE, series E, and series I bonds you own. Can i file a 1040ez If you do not choose method 2 by reporting the increase in redemption value as interest each year, you must use method 1. Can i file a 1040ez    If you plan to cash your bonds in the same year you will pay for higher education expenses, you may want to use method 1 because you may be able to exclude the interest from your income. Can i file a 1040ez To learn how, see Education Savings Bond Program, later. Can i file a 1040ez Change from method 1. Can i file a 1040ez   If you want to change your method of reporting the interest from method 1 to method 2, you can do so without permission from the IRS. Can i file a 1040ez In the year of change you must report all interest accrued to date and not previously reported for all your bonds. Can i file a 1040ez   Once you choose to report the interest each year, you must continue to do so for all series EE, series E, and series I bonds you own and for any you get later, unless you request permission to change, as explained next. Can i file a 1040ez Change from method 2. Can i file a 1040ez   To change from method 2 to method 1, you must request permission from the IRS. Can i file a 1040ez Permission for the change is automatically granted if you send the IRS a statement that meets all the following requirements. Can i file a 1040ez You have typed or printed the following number at the top: “131. Can i file a 1040ez ” It includes your name and social security number under “131. Can i file a 1040ez ” It includes the year of change (both the beginning and ending dates). Can i file a 1040ez It identifies the savings bonds for which you are requesting this change. Can i file a 1040ez It includes your agreement to: Report all interest on any bonds acquired during or after the year of change when the interest is realized upon disposition, redemption, or final maturity, whichever is earliest, and Report all interest on the bonds acquired before the year of change when the interest is realized upon disposition, redemption, or final maturity, whichever is earliest, with the exception of the interest reported in prior tax years. Can i file a 1040ez   You must attach this statement to your tax return for the year of change, which you must file by the due date (including extensions). Can i file a 1040ez   You can have an automatic extension of 6 months from the due date of your return for the year of change (excluding extensions) to file the statement with an amended return. Can i file a 1040ez On the statement, type or print “Filed pursuant to section 301. Can i file a 1040ez 9100-2. Can i file a 1040ez ” To get this extension, you must have filed your original return for the year of the change by the due date (including extensions). Can i file a 1040ez    By the date you file the original statement with your return, you must also send a signed copy to the address below. Can i file a 1040ez   Internal Revenue Service Attention: CC:IT&A (Automatic Rulings Branch) P. Can i file a 1040ez O. Can i file a 1040ez Box 7604 Benjamin Franklin Station Washington, DC 20044   If you use a private delivery service, send the signed copy to the address below. Can i file a 1040ez   Internal Revenue Service Attention: CC:IT&A (Automatic Rulings Branch) Room 5336 1111 Constitution Avenue, NW  Washington, DC 20224   Instead of filing this statement, you can request permission to change from method 2 to method 1 by filing Form 3115, Application for Change in Accounting Method. Can i file a 1040ez In that case, follow the form instructions for an automatic change. Can i file a 1040ez No user fee is required. Can i file a 1040ez Co-owners. Can i file a 1040ez   If a U. Can i file a 1040ez S. Can i file a 1040ez savings bond is issued in the names of co-owners, such as you and your child or you and your spouse, interest on the bond is generally taxable to the co-owner who bought the bond. Can i file a 1040ez One co-owner's funds used. Can i file a 1040ez    If you used your funds to buy the bond, you must pay the tax on the interest. Can i file a 1040ez This is true even if you let the other co-owner redeem the bond and keep all the proceeds. Can i file a 1040ez Under these circumstances, the co-owner who redeemed the bond will receive a Form 1099-INT at the time of redemption and must provide you with another Form 1099-INT showing the amount of interest from the bond taxable to you. Can i file a 1040ez The co-owner who redeemed the bond is a “nominee. Can i file a 1040ez ” See Nominee distributions under How To Report Interest Income in chapter 1 of Publication 550 for more information about how a person who is a nominee reports interest income belonging to another person. Can i file a 1040ez Both co-owners' funds used. Can i file a 1040ez   If you and the other co-owner each contribute part of the bond's purchase price, the interest is generally taxable to each of you, in proportion to the amount each of you paid. Can i file a 1040ez Community property. Can i file a 1040ez   If you and your spouse live in a community property state and hold bonds as community property, one-half of the interest is considered received by each of you. Can i file a 1040ez If you file separate returns, each of you generally must report one-half of the bond interest. Can i file a 1040ez For more information about community property, see Publication 555. Can i file a 1040ez Table 7-1. Can i file a 1040ez   These rules are also shown in Table 7-1. Can i file a 1040ez Ownership transferred. Can i file a 1040ez   If you bought series E, series EE, or series I bonds entirely with your own funds and had them reissued in your co-owner's name or beneficiary's name alone, you must include in your gross income for the year of reissue all interest that you earned on these bonds and have not previously reported. Can i file a 1040ez But, if the bonds were reissued in your name alone, you do not have to report the interest accrued at that time. Can i file a 1040ez   This same rule applies when bonds (other than bonds held as community property) are transferred between spouses or incident to divorce. Can i file a 1040ez Purchased jointly. Can i file a 1040ez   If you and a co-owner each contributed funds to buy series E, series EE, or series I bonds jointly and later have the bonds reissued in the co-owner's name alone, you must include in your gross income for the year of reissue your share of all the interest earned on the bonds that you have not previously reported. Can i file a 1040ez The former co-owner does not have to include in gross income at the time of reissue his or her share of the interest earned that was not reported before the transfer. Can i file a 1040ez This interest, however, as well as all interest earned after the reissue, is income to the former co-owner. Can i file a 1040ez   This income-reporting rule also applies when the bonds are reissued in the name of your former co-owner and a new co-owner. Can i file a 1040ez But the new co-owner will report only his or her share of the interest earned after the transfer. Can i file a 1040ez   If bonds that you and a co-owner bought jointly are reissued to each of you separately in the same proportion as your contribution to the purchase price, neither you nor your co-owner has to report at that time the interest earned before the bonds were reissued. Can i file a 1040ez    Table 7-1. Can i file a 1040ez Who Pays the Tax on U. Can i file a 1040ez S. Can i file a 1040ez Savings Bond Interest IF . Can i file a 1040ez . Can i file a 1040ez . Can i file a 1040ez THEN the interest must be reported by . Can i file a 1040ez . Can i file a 1040ez . Can i file a 1040ez you buy a bond in your name and the name of another person as co-owners, using only your own funds you. Can i file a 1040ez you buy a bond in the name of another person, who is the sole owner of the bond the person for whom you bought the bond. Can i file a 1040ez you and another person buy a bond as co-owners, each contributing part of the purchase price both you and the other co-owner, in proportion to the amount each paid for the bond. Can i file a 1040ez you and your spouse, who live in a community property state, buy a bond that is community property you and your spouse. Can i file a 1040ez If you file separate returns, both you and your spouse generally report one-half of the interest. Can i file a 1040ez Example 1. Can i file a 1040ez You and your spouse each spent an equal amount to buy a $1,000 series EE savings bond. Can i file a 1040ez The bond was issued to you and your spouse as co-owners. Can i file a 1040ez You both postpone reporting interest on the bond. Can i file a 1040ez You later have the bond reissued as two $500 bonds, one in your name and one in your spouse's name. Can i file a 1040ez At that time neither you nor your spouse has to report the interest earned to the date of reissue. Can i file a 1040ez Example 2. Can i file a 1040ez You bought a $1,000 series EE savings bond entirely with your own funds. Can i file a 1040ez The bond was issued to you and your spouse as co-owners. Can i file a 1040ez You both postpone reporting interest on the bond. Can i file a 1040ez You later have the bond reissued as two $500 bonds, one in your name and one in your spouse's name. Can i file a 1040ez You must report half the interest earned to the date of reissue. Can i file a 1040ez Transfer to a trust. Can i file a 1040ez   If you own series E, series EE, or series I bonds and transfer them to a trust, giving up all rights of ownership, you must include in your income for that year the interest earned to the date of transfer if you have not already reported it. Can i file a 1040ez However, if you are considered the owner of the trust and if the increase in value both before and after the transfer continues to be taxable to you, you can continue to defer reporting the interest earned each year. Can i file a 1040ez You must include the total interest in your income in the year you cash or dispose of the bonds or the year the bonds finally mature, whichever is earlier. Can i file a 1040ez   The same rules apply to previously unreported interest on series EE or series E bonds if the transfer to a trust consisted of series HH or series H bonds you acquired in a trade for the series EE or series E bonds. Can i file a 1040ez See Savings bonds traded , later. Can i file a 1040ez Decedents. Can i file a 1040ez   The manner of reporting interest income on series E, series EE, or series I bonds, after the death of the owner (decedent), depends on the accounting and income-reporting methods previously used by the decedent. Can i file a 1040ez This is explained in chapter 1 of Publication 550. Can i file a 1040ez Savings bonds traded. Can i file a 1040ez   If you postponed reporting the interest on your series EE or series E bonds, you did not recognize taxable income when you traded the bonds for series HH or series H bonds, unless you received cash in the trade. Can i file a 1040ez (You cannot trade series I bonds for series HH bonds. Can i file a 1040ez After August 31, 2004, you cannot trade any other series of bonds for series HH bonds. Can i file a 1040ez ) Any cash you received is income up to the amount of the interest earned on the bonds traded. Can i file a 1040ez When your series HH or series H bonds mature, or if you dispose of them before maturity, you report as interest the difference between their redemption value and your cost. Can i file a 1040ez Your cost is the sum of the amount you paid for the traded series EE or series E bonds plus any amount you had to pay at the time of the trade. Can i file a 1040ez Example. Can i file a 1040ez You traded series EE bonds (on which you postponed reporting the interest) for $2,500 in series HH bonds and $223 in cash. Can i file a 1040ez You reported the $223 as taxable income on your tax return. Can i file a 1040ez At the time of the trade, the series EE bonds had accrued interest of $523 and a redemption value of $2,723. Can i file a 1040ez You hold the series HH bonds until maturity, when you receive $2,500. Can i file a 1040ez You must report $300 as interest income in the year of maturity. Can i file a 1040ez This is the difference between their redemption value, $2,500, and your cost, $2,200 (the amount you paid for the series EE bonds). Can i file a 1040ez (It is also the difference between the accrued interest of $523 on the series EE bonds and the $223 cash received on the trade. Can i file a 1040ez ) Choice to report interest in year of trade. Can i file a 1040ez   You could have chosen to treat all of the previously unreported accrued interest on the series EE or series E bonds traded for series HH bonds as income in the year of the trade. Can i file a 1040ez If you made this choice, it is treated as a change from method 1. Can i file a 1040ez See Change from method 1 under Series EE and series I bonds, earlier. Can i file a 1040ez Form 1099-INT for U. Can i file a 1040ez S. Can i file a 1040ez savings bonds interest. Can i file a 1040ez   When you cash a bond, the bank or other payer that redeems it must give you a Form 1099-INT if the interest part of the payment you receive is $10 or more. Can i file a 1040ez Box 3 of your Form 1099-INT should show the interest as the difference between the amount you received and the amount paid for the bond. Can i file a 1040ez However, your Form 1099-INT may show more interest than you have to include on your income tax return. Can i file a 1040ez For example, this may happen if any of the following are true. Can i file a 1040ez You chose to report the increase in the redemption value of the bond each year. Can i file a 1040ez The interest shown on your Form 1099-INT will not be reduced by amounts previously included in income. Can i file a 1040ez You received the bond from a decedent. Can i file a 1040ez The interest shown on your Form 1099-INT will not be reduced by any interest reported by the decedent before death, or on the decedent's final return, or by the estate on the estate's income tax return. Can i file a 1040ez Ownership of the bond was transferred. Can i file a 1040ez The interest shown on your Form 1099-INT will not be reduced by interest that accrued before the transfer. Can i file a 1040ez You were named as a co-owner, and the other co-owner contributed funds to buy the bond. Can i file a 1040ez The interest shown on your Form 1099-INT will not be reduced by the amount you received as nominee for the other co-owner. Can i file a 1040ez (See Co-owners , earlier in this chapter, for more information about the reporting requirements. Can i file a 1040ez ) You received the bond in a taxable distribution from a retirement or profit-sharing plan. Can i file a 1040ez The interest shown on your Form 1099-INT will not be reduced by the interest portion of the amount taxable as a distribution from the plan and not taxable as interest. Can i file a 1040ez (This amount is generally shown on Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Can i file a 1040ez , for the year of distribution. Can i file a 1040ez )   For more information on including the correct amount of interest on your return, see How To Report Interest Income , later. Can i file a 1040ez Publication 550 includes examples showing how to report these amounts. Can i file a 1040ez    Interest on U. Can i file a 1040ez S. Can i file a 1040ez savings bonds is exempt from state and local taxes. Can i file a 1040ez The Form 1099-INT you receive will indicate the amount that is for U. Can i file a 1040ez S. Can i file a 1040ez savings bond interest in box 3. Can i file a 1040ez Education Savings Bond Program You may be able to exclude from income all or part of the interest you receive on the redemption of qualified U. Can i file a 1040ez S. Can i file a 1040ez savings bonds during the year if you pay qualified higher educational expenses during the same year. Can i file a 1040ez This exclusion is known as the Education Savings Bond Program. Can i file a 1040ez You do not qualify for this exclusion if your filing status is married filing separately. Can i file a 1040ez Form 8815. Can i file a 1040ez   Use Form 8815 to figure your exclusion. Can i file a 1040ez Attach the form to your Form 1040 or Form 1040A. Can i file a 1040ez Qualified U. Can i file a 1040ez S. Can i file a 1040ez savings bonds. Can i file a 1040ez   A qualified U. Can i file a 1040ez S. Can i file a 1040ez savings bond is a series EE bond issued after 1989 or a series I bond. Can i file a 1040ez The bond must be issued either in your name (sole owner) or in your and your spouse's names (co-owners). Can i file a 1040ez You must be at least 24 years old before the bond's issue date. Can i file a 1040ez For example, a bond bought by a parent and issued in the name of his or her child under age 24 does not qualify for the exclusion by the parent or child. Can i file a 1040ez    The issue date of a bond may be earlier than the date the bond is purchased because the issue date assigned to a bond is the first day of the month in which it is purchased. Can i file a 1040ez Beneficiary. Can i file a 1040ez   You can designate any individual (including a child) as a beneficiary of the bond. Can i file a 1040ez Verification by IRS. Can i file a 1040ez   If you claim the exclusion, the IRS will check it by using bond redemption information from the Department of the Treasury. Can i file a 1040ez Qualified expenses. Can i file a 1040ez   Qualified higher educational expenses are tuition and fees required for you, your spouse, or your dependent (for whom you claim an exemption) to attend an eligible educational institution. Can i file a 1040ez   Qualified expenses include any contribution you make to a qualified tuition program or to a Coverdell education savings account. Can i file a 1040ez   Qualified expenses do not include expenses for room and board or for courses involving sports, games, or hobbies that are not part of a degree or certificate granting program. Can i file a 1040ez Eligible educational institutions. Can i file a 1040ez   These institutions include most public, private, and nonprofit universities, colleges, and vocational schools that are accredited and eligible to participate in student aid programs run by the U. Can i file a 1040ez S. Can i file a 1040ez Department of Education. Can i file a 1040ez Reduction for certain benefits. Can i file a 1040ez   You must reduce your qualified higher educational expenses by all of the following tax-free benefits. Can i file a 1040ez Tax-free part of scholarships and fellowships (see Scholarships and fellowships in chapter 12). Can i file a 1040ez Expenses used to figure the tax-free portion of distributions from a Coverdell ESA. Can i file a 1040ez Expenses used to figure the tax-free portion of distributions from a qualified tuition program. Can i file a 1040ez Any tax-free payments (other than gifts or inheritances) received for educational expenses, such as Veterans' educational assistance benefits, Qualified tuition reductions, or Employer-provided educational assistance. Can i file a 1040ez Any expense used in figuring the American Opportunity and lifetime learning credits. Can i file a 1040ez Amount excludable. Can i file a 1040ez   If the total proceeds (interest and principal) from the qualified U. Can i file a 1040ez S. Can i file a 1040ez savings bonds you redeem during the year are not more than your adjusted qualified higher educational expenses for the year, you may be able to exclude all of the interest. Can i file a 1040ez If the proceeds are more than the expenses, you may be able to exclude only part of the interest. Can i file a 1040ez   To determine the excludable amount, multiply the interest part of the proceeds by a fraction. Can i file a 1040ez The numerator of the fraction is the qualified higher educational expenses you paid during the year. Can i file a 1040ez The denominator of the fraction is the total proceeds you received during the year. Can i file a 1040ez Example. Can i file a 1040ez In February 2013, Mark and Joan, a married couple, cashed a qualified series EE U. Can i file a 1040ez S. Can i file a 1040ez savings bond they bought in April 1997. Can i file a 1040ez They received proceeds of $8,372 representing principal of $5,000 and interest of $3,372. Can i file a 1040ez In 2013, they paid $4,000 of their daughter's college tuition. Can i file a 1040ez They are not claiming an education credit for that amount, and their daughter does not have any tax-free educational assistance. Can i file a 1040ez They can exclude $1,611 ($3,372 × ($4,000 ÷ $8,372)) of interest in 2013. Can i file a 1040ez They must pay tax on the remaining $1,761 ($3,372 − $1,611) interest. Can i file a 1040ez Modified adjusted gross income limit. Can i file a 1040ez   The interest exclusion is limited if your modified adjusted gross income (modified AGI) is: $74,700 to $89,700 for taxpayers filing single or head of household, and $112,050 to $142,050 for married taxpayers filing jointly or for a qualifying widow(er) with dependent child. Can i file a 1040ez You do not qualify for the interest exclusion if your modified AGI is equal to or more than the upper limit for your filing status. Can i file a 1040ez   Modified AGI, for purposes of this exclusion, is adjusted gross income (Form 1040, line 37, or Form 1040A, line 21) figured before the interest exclusion, and modified by adding back any: Foreign earned income exclusion, Foreign housing exclusion and deduction, Exclusion of income for bona fide residents of American Samoa, Exclusion for income from Puerto Rico, Exclusion for adoption benefits received under an employer's adoption assistance program, Deduction for tuition and fees, Deduction for student loan interest, and Deduction for domestic production activities. Can i file a 1040ez   Use the Line 9 Worksheet in the Form 8815 instructions to figure your modified AGI. Can i file a 1040ez If you claim any of the exclusion or deduction items listed above (except items 6, 7, and 8), add the amount of the exclusion or deduction (except items 6, 7, and 8) to the amount on line 5 of the worksheet, and enter the total on Form 8815, line 9, as your modified AGI. Can i file a 1040ez   If you have investment interest expense incurred to earn royalties and other investment income, see Education Savings Bond Program in chapter 1 of Publication 550. Can i file a 1040ez Recordkeeping. Can i file a 1040ez If you claim the interest exclusion, you must keep a written record of the qualified U. Can i file a 1040ez S. Can i file a 1040ez savings bonds you redeem. Can i file a 1040ez Your record must include the serial number, issue date, face value, and total redemption proceeds (principal and interest) of each bond. Can i file a 1040ez You can use Form 8818 to record this information. Can i file a 1040ez You should also keep bills, receipts, canceled checks, or other documentation that shows you paid qualified higher educational expenses during the year. Can i file a 1040ez U. Can i file a 1040ez S. Can i file a 1040ez Treasury Bills, Notes, and Bonds Treasury bills, notes, and bonds are direct debts (obligations) of the U. Can i file a 1040ez S. Can i file a 1040ez Government. Can i file a 1040ez Taxation of interest. Can i file a 1040ez   Interest income from Treasury bills, notes, and bonds is subject to federal income tax but is exempt from all state and local income taxes. Can i file a 1040ez You should receive Form 1099-INT showing the interest (in box 3) paid to you for the year. Can i file a 1040ez   Payments of principal and interest generally will be credited to your designated checking or savings account by direct deposit through the TreasuryDirect® system. Can i file a 1040ez Treasury bills. Can i file a 1040ez   These bills generally have a 4-week, 13-week, 26-week, or 52-week maturity period. Can i file a 1040ez They are generally issued at a discount in the amount of $100 and multiples of $100. Can i file a 1040ez The difference between the discounted price you pay for the bills and the face value you receive at maturity is interest income. Can i file a 1040ez Generally, you report this interest income when the bill is paid at maturity. Can i file a 1040ez If you paid a premium for a bill (more than the face value), you generally report the premium as a section 171 deduction when the bill is paid at maturity. Can i file a 1040ez Treasury notes and bonds. Can i file a 1040ez   Treasury notes have maturity periods of more than 1 year, ranging up to 10 years. Can i file a 1040ez Maturity periods for Treasury bonds are longer than 10 years. Can i file a 1040ez Both generally are issued in denominations of $100 to $1 million and generally pay interest every 6 months. Can i file a 1040ez Generally, you report this interest for the year paid. Can i file a 1040ez For more information, see U. Can i file a 1040ez S. Can i file a 1040ez Treasury Bills, Notes, and Bonds in chapter 1 of Publication 550. Can i file a 1040ez For other information on Treasury notes or bonds, write to:  Bureau of the Public Debt P. Can i file a 1040ez O. Can i file a 1040ez Box 7015 Parkersburg, WV 26106-7015 Or, on the Internet, visit: www. Can i file a 1040ez treasurydirect. Can i file a 1040ez gov/indiv/indiv. Can i file a 1040ez htm. Can i file a 1040ez For information on series EE, series I, and series HH savings bonds, see U. Can i file a 1040ez S. Can i file a 1040ez Savings Bonds , earlier. Can i file a 1040ez Treasury inflation-protected securities (TIPS). Can i file a 1040ez   These securities pay interest twice a year at a fixed rate, based on a principal amount adjusted to take into account inflation and deflation. Can i file a 1040ez For the tax treatment of these securities, see Inflation-Indexed Debt Instruments under Original Issue Discount (OID), in Publication 550. Can i file a 1040ez Bonds Sold Between Interest Dates If you sell a bond between interest payment dates, part of the sales price represents interest accrued to the date of sale. Can i file a 1040ez You must report that part of the sales price as interest income for the year of sale. Can i file a 1040ez If you buy a bond between interest payment dates, part of the purchase price represents interest accrued before the date of purchase. Can i file a 1040ez When that interest is paid to you, treat it as a return of your capital investment, rather than interest income, by reducing your basis in the bond. Can i file a 1040ez See Accrued interest on bonds under How To Report Interest Income in chapter 1 of Publication 550 for information on reporting the payment. Can i file a 1040ez Insurance Life insurance proceeds paid to you as beneficiary of the insured person are usually not taxable. Can i file a 1040ez But if you receive the proceeds in installments, you must usually report a part of each installment payment as interest income. Can i file a 1040ez For more information about insurance proceeds received in installments, see Publication 525, Taxable and Nontaxable Income. Can i file a 1040ez Annuity. Can i file a 1040ez   If you buy an annuity with life insurance proceeds, the annuity payments you receive are taxed as pension and annuity income from a nonqualified plan, not as interest income. Can i file a 1040ez See chapter 10 for information on pension and annuity income from nonqualified plans. Can i file a 1040ez State or Local Government Obligations Interest on a bond used to finance government operations generally is not taxable if the bond is issued by a state, the District of Columbia, a possession of the United States, or any of their political subdivisions. Can i file a 1040ez Bonds issued after 1982 (including tribal economic development bonds issued after February 17, 2009) by an Indian tribal government are treated as issued by a state. Can i file a 1040ez Interest on these bonds is generally tax exempt if the bonds are part of an issue of which substantially all proceeds are to be used in the exercise of any essential government function. Can i file a 1040ez For information on federally guaranteed bonds, mortgage revenue bonds, arbitrage bonds, private activity bonds, qualified tax credit bonds, and Build America bonds, see State or Local Government Obligations in chapter 1 of Publication 550. Can i file a 1040ez Information reporting requirement. Can i file a 1040ez   If you must file a tax return, you are required to show any tax-exempt interest you received on your return. Can i file a 1040ez This is an information reporting requirement only. Can i file a 1040ez It does not change tax-exempt interest to taxable interest. Can i file a 1040ez Original Issue Discount (OID) Original issue discount (OID) is a form of interest. Can i file a 1040ez You generally include OID in your income as it accrues over the term of the debt instrument, whether or not you receive any payments from the issuer. Can i file a 1040ez A debt instrument generally has OID when the instrument is issued for a price that is less than its stated redemption price at maturity. Can i file a 1040ez OID is the difference between the stated redemption price at maturity and the issue price. Can i file a 1040ez All debt instruments that pay no interest before maturity are presumed to be issued at a discount. Can i file a 1040ez Zero coupon bonds are one example of these instruments. Can i file a 1040ez The OID accrual rules generally do not apply to short-term obligations (those with a fixed maturity date of 1 year or less from date of issue). Can i file a 1040ez See Discount on Short-Term Obligations in chapter 1 of Publication 550. Can i file a 1040ez De minimis OID. Can i file a 1040ez   You can treat the discount as zero if it is less than one-fourth of 1% (. Can i file a 1040ez 0025) of the stated redemption price at maturity multiplied by the number of full years from the date of original issue to maturity. Can i file a 1040ez This small discount is known as “de minimis” OID. Can i file a 1040ez Example 1. Can i file a 1040ez You bought a 10-year bond with a stated redemption price at maturity of $1,000, issued at $980 with OID of $20. Can i file a 1040ez One-fourth of 1% of $1,000 (stated redemption price) times 10 (the number of full years from the date of original issue to maturity) equals $25. Can i file a 1040ez Because the $20 discount is less than $25, the OID is treated as zero. Can i file a 1040ez (If you hold the bond at maturity, you will recognize $20 ($1,000 − $980) of capital gain. Can i file a 1040ez ) Example 2. Can i file a 1040ez The facts are the same as in Example 1, except that the bond was issued at $950. Can i file a 1040ez The OID is $50. Can i file a 1040ez Because the $50 discount is more than the $25 figured in Example 1, you must include the OID in income as it accrues over the term of the bond. Can i file a 1040ez Debt instrument bought after original issue. Can i file a 1040ez   If you buy a debt instrument with de minimis OID at a premium, the discount is not includible in income. Can i file a 1040ez If you buy a debt instrument with de minimis OID at a discount, the discount is reported under the market discount rules. Can i file a 1040ez See Market Discount Bonds in chapter 1 of Publication 550. Can i file a 1040ez Exceptions to reporting OID. Can i file a 1040ez   The OID rules discussed in this chapter do not apply to the following debt instruments. Can i file a 1040ez Tax-exempt obligations. Can i file a 1040ez (However, see Stripped tax-exempt obligations under Stripped Bonds and Coupons in chapter 1 of Publication 550). Can i file a 1040ez U. Can i file a 1040ez S. Can i file a 1040ez savings bonds. Can i file a 1040ez Short-term debt instruments (those with a fixed maturity date of not more than 1 year from the date of issue). Can i file a 1040ez Obligations issued by an individual before March 2, 1984. Can i file a 1040ez Loans between individuals if all the following are true. Can i file a 1040ez The lender is not in the business of lending money. Can i file a 1040ez The amount of the loan, plus the amount of any outstanding prior loans between the same individuals, is $10,000 or less. Can i file a 1040ez Avoiding any federal tax is not one of the principal purposes of the loan. Can i file a 1040ez Form 1099-OID. Can i file a 1040ez   The issuer of the debt instrument (or your broker if you held the instrument through a broker) should give you Form 1099-OID, or a similar statement, if the total OID for the calendar year is $10 or more. Can i file a 1040ez Form 1099-OID will show, in box 1, the amount of OID for the part of the year that you held the bond. Can i file a 1040ez It also will show, in box 2, the stated interest you must include in your income. Can i file a 1040ez A copy of Form 1099-OID will be sent to the IRS. Can i file a 1040ez Do not file your copy with your return. Can i file a 1040ez Keep it for your records. Can i file a 1040ez   In most cases, you must report the entire amount in boxes 1 and 2 of Form 1099-OID as interest income. Can i file a 1040ez But see Refiguring OID shown on Form 1099-OID, later in this discussion, for more information. Can i file a 1040ez Form 1099-OID not received. Can i file a 1040ez   If you had OID for the year but did not receive a Form 1099-OID, you can find tables on IRS. Can i file a 1040ez gov that list total OID on certain debt instruments and have information that will help you figure OID. Can i file a 1040ez For the latest OID tables, go to www. Can i file a 1040ez irs. Can i file a 1040ez gov and enter “OID tables” in the Search box. Can i file a 1040ez If your debt instrument is not listed, consult the issuer for further information about the accrued OID for the year. Can i file a 1040ez Nominee. Can i file a 1040ez   If someone else is the holder of record (the registered owner) of an OID instrument belonging to you and receives a Form 1099-OID on your behalf, that person must give you a Form 1099-OID. Can i file a 1040ez Refiguring OID shown on Form 1099-OID. Can i file a 1040ez   You must refigure the OID shown in box 1 or box 8 of Form 1099-OID if either of the following apply. Can i file a 1040ez You bought the debt instrument after its original issue and paid a premium or an acquisition premium. Can i file a 1040ez The debt instrument is a stripped bond or a stripped coupon (including certain zero coupon instruments). Can i file a 1040ez For information about figuring the correct amount of OID to include in your income, see Figuring OID on Long-Term Debt Instruments in Publication 1212. Can i file a 1040ez Refiguring periodic interest shown on Form 1099-OID. Can i file a 1040ez   If you disposed of a debt instrument or acquired it from another holder during the year, see Bonds Sold Between Interest Dates , earlier, for information about the treatment of periodic interest that may be shown in box 2 of Form 1099-OID for that instrument. Can i file a 1040ez Certificates of deposit (CDs). Can i file a 1040ez   If you buy a CD with a maturity of more than 1 year, you must include in income each year a part of the total interest due and report it in the same manner as other OID. Can i file a 1040ez   This also applies to similar deposit arrangements with banks, building and loan associations, etc. Can i file a 1040ez , including: Time deposits, Bonus plans, Savings certificates, Deferred income certificates, Bonus savings certificates, and Growth savings certificates. Can i file a 1040ez Bearer CDs. Can i file a 1040ez   CDs issued after 1982 generally must be in registered form. Can i file a 1040ez Bearer CDs are CDs not in registered form. Can i file a 1040ez They are not issued in the depositor's name and are transferable from one individual to another. Can i file a 1040ez   Banks must provide the IRS and the person redeeming a bearer CD with a Form 1099-INT. Can i file a 1040ez More information. Can i file a 1040ez   See chapter 1 of Publication 550 for more information about OID and related topics, such as market discount bonds. Can i file a 1040ez When To Report Interest Income When to report your interest income depends on whether you use the cash method or an accrual method to report income. Can i file a 1040ez Cash method. Can i file a 1040ez   Most individual taxpayers use the cash method. Can i file a 1040ez If you use this method, you generally report your interest income in the year in which you actually or constructively receive it. Can i file a 1040ez However, there are special rules for reporting the discount on certain debt instruments. Can i file a 1040ez See U. Can i file a 1040ez S. Can i file a 1040ez Savings Bonds and Original Issue Discount (OID) , earlier. Can i file a 1040ez Example. Can i file a 1040ez On September 1, 2011, you loaned another individual $2,000 at 12%, compounded annually. Can i file a 1040ez You are not in the business of lending money. Can i file a 1040ez The note stated that principal and interest would be due on August 31, 2013. Can i file a 1040ez In 2013, you received $2,508. Can i file a 1040ez 80 ($2,000 principal and $508. Can i file a 1040ez 80 interest). Can i file a 1040ez If you use the cash method, you must include in income on your 2013 return the $508. Can i file a 1040ez 80 interest you received in that year. Can i file a 1040ez Constructive receipt. Can i file a 1040ez   You constructively receive income when it is credited to your account or made available to you. Can i file a 1040ez You do not need to have physical possession of it. Can i file a 1040ez For example, you are considered to receive interest, dividends, or other earnings on any deposit or account in a bank, savings and loan, or similar financial institution, or interest on life insurance policy dividends left to accumulate, when they are credited to your account and subject to your withdrawal. Can i file a 1040ez This is true even if they are not yet entered in your passbook. Can i file a 1040ez   You constructively receive income on the deposit or account even if you must: Make withdrawals in multiples of even amounts, Give a notice to withdraw before making the withdrawal, Withdraw all or part of the account to withdraw the earnings, or Pay a penalty on early withdrawals, unless the interest you are to receive on an early withdrawal or redemption is substantially less than the interest payable at maturity. Can i file a 1040ez Accrual method. Can i file a 1040ez   If you use an accrual method, you report your interest income when you earn it, whether or not you have received it. Can i file a 1040ez Interest is earned over the term of the debt instrument. Can i file a 1040ez Example. Can i file a 1040ez If, in the previous example, you use an accrual method, you must include the interest in your income as you earn it. Can i file a 1040ez You would report the interest as follows: 2011, $80; 2012, $249. Can i file a 1040ez 60; and 2013, $179. Can i file a 1040ez 20. Can i file a 1040ez Coupon bonds. Can i file a 1040ez   Interest on coupon bonds is taxable in the year the coupon becomes due and payable. Can i file a 1040ez It does not matter when you mail the coupon for payment. Can i file a 1040ez How To Report Interest Income Generally, you report all your taxable interest income on Form 1040, line 8a; Form 1040A, line 8a; or Form 1040EZ, line 2. Can i file a 1040ez You cannot use Form 1040EZ if your taxable interest income is more than $1,500. Can i file a 1040ez Instead, you must use Form 1040A or Form 1040. Can i file a 1040ez Form 1040A. Can i file a 1040ez   You must complete Schedule B (Form 1040A or 1040), Part I, if you file Form 1040A and any of the following are true. Can i file a 1040ez Your taxable interest income is more than $1,500. Can i file a 1040ez You are claiming the interest exclusion under the Education Savings Bond Program (discussed earlier). Can i file a 1040ez You received interest from a seller-financed mortgage, and the buyer used the property as a home. Can i file a 1040ez You received a Form 1099-INT for U. Can i file a 1040ez S. Can i file a 1040ez savings bond interest that includes amounts you reported before 2013. Can i file a 1040ez You received, as a nominee, interest that actually belongs to someone else. Can i file a 1040ez You received a Form 1099-INT for interest on frozen deposits. Can i file a 1040ez You are reporting OID in an amount less than the amount shown on Form 1099-OID. Can i file a 1040ez You received a Form 1099-INT for interest on a bond you bought between interest payment dates. Can i file a 1040ez You acquired taxable bonds after 1987 and choose to reduce interest income from the bonds by any amortizable bond premium (see Bond Premium Amortization in chapter 3 of Publication 550). Can i file a 1040ez List each payer's name and the amount of interest income received from each payer on line 1. Can i file a 1040ez If you received a Form 1099-INT or Form 1099-OID from a brokerage firm, list the brokerage firm as the payer. Can i file a 1040ez   You cannot use Form 1040A if you must use Form 1040, as described next. Can i file a 1040ez Form 1040. Can i file a 1040ez   You must use Form 1040 instead of Form 1040A or Form 1040EZ if: You forfeited interest income because of the early withdrawal of a time deposit; You acquired taxable bonds after 1987, you choose to reduce interest income from the bonds by any amortizable bond premium, and you are deducting the excess of bond premium amortization for the accrual period over the qualified stated interest for the period (see Bond Premium Amortization in chapter 3 of Publication 550); or You received tax-exempt interest from private activity bonds issued after August 7, 1986. Can i file a 1040ez Schedule B (Form 1040A or 1040). Can i file a 1040ez   You must complete Schedule B (Form 1040A or 1040), Part I, if you file Form 1040 and any of the following apply. Can i file a 1040ez Your taxable interest income is more than $1,500. Can i file a 1040ez You are claiming the interest exclusion under the Education Savings Bond Program (discussed earlier). Can i file a 1040ez You received interest from a seller-financed mortgage, and the buyer used the property as a home. Can i file a 1040ez You received a Form 1099-INT for U. Can i file a 1040ez S. Can i file a 1040ez savings bond interest that includes amounts you reported before 2013. Can i file a 1040ez You received, as a nominee, interest that actually belongs to someone else. Can i file a 1040ez You received a Form 1099-INT for interest on frozen deposits. Can i file a 1040ez You received a Form 1099-INT for interest on a bond you bought between interest payment dates. Can i file a 1040ez You are reporting OID in an amount less than the amount shown on Form 1099-OID. Can i file a 1040ez Statement (2) in the preceding list under Form 1040 is true. Can i file a 1040ez In Part I, line 1, list each payer's name and the amount received from each. Can i file a 1040ez If you received a Form 1099-INT or Form 1099-OID from a brokerage firm, list the brokerage firm as the payer. Can i file a 1040ez Reporting tax-exempt interest. Can i file a 1040ez   Total your tax-exempt interest (such as interest or accrued OID on certain state and municipal bonds, including tax-exempt interest on zero coupon municipal bonds) and exempt-interest dividends from a mutual fund as shown on Form 1099-INT, box 8, and on Form 1099-DIV, box 10. Can i file a 1040ez Add these amounts to any other tax-exempt interest you received. Can i file a 1040ez Report the total on line 8b of Form 1040A or 1040. Can i file a 1040ez   If you file Form 1040EZ, enter “TEI” and the amount in the space to the left of line 2. Can i file a 1040ez Do not add tax-exempt interest in the total on Form 1040EZ, line 2. Can i file a 1040ez   Form 1099-INT, box 9, and Form 1099-DIV, box 11, show the tax-exempt interest subject to the alternative minimum tax on Form 6251. Can i file a 1040ez These amounts are already included in the amounts on Form 1099-INT, box 8, and Form 1099-DIV, box 10. Can i file a 1040ez Do not add the amounts in Form 1099-INT, box 9 and Form 1099-DIV, box 11 to, or subtract them from, the amounts on Form 1099-INT, box 8, and Form 1099-DIV, box 10. Can i file a 1040ez    Do not report interest from an individual retirement account (IRA) as tax-exempt interest. Can i file a 1040ez Form 1099-INT. Can i file a 1040ez   Your taxable interest income, except for interest from U. Can i file a 1040ez S. Can i file a 1040ez savings bonds and Treasury obligations, is shown in box 1 of Form 1099-INT. Can i file a 1040ez Add this amount to any other taxable interest income you received. Can i file a 1040ez You must report all of your taxable interest income even if you do not receive a Form 1099-INT. Can i file a 1040ez Generally, contact your financial institution if you do not receive a Form 1099-INT by February 15. Can i file a 1040ez Your identifying number may be truncated on any paper Form 1099-INT you receive. Can i file a 1040ez   If you forfeited interest income because of the early withdrawal of a time deposit, the deductible amount will be shown on Form 1099-INT in box 2. Can i file a 1040ez See Penalty on early withdrawal of savings in chapter 1 of Publication 550. Can i file a 1040ez   Box 3 of Form 1099-INT shows the interest income you received from U. Can i file a 1040ez S. Can i file a 1040ez savings bonds, Treasury bills, Treasury notes, and Treasury bonds. Can i file a 1040ez Add the amount shown in box 3 to any other taxable interest income you received, unless part of the amount in box 3 was previously included in your interest income. Can i file a 1040ez If part of the amount shown in box 3 was previously included in your interest income, see U. Can i file a 1040ez S. Can i file a 1040ez savings bond interest previously reported , later. Can i file a 1040ez   Box 4 of Form 1099-INT will contain an amount if you were subject to backup withholding. Can i file a 1040ez Report the amount from box 4 on Form 1040EZ, line 7; on Form 1040A, line 36; or Form 1040, line 62 (federal income tax withheld). Can i file a 1040ez   Box 5 of Form 1099-INT shows investment expenses you may be able to deduct as an itemized deduction. Can i file a 1040ez See chapter 28 for more information about investment expenses. Can i file a 1040ez   If there are entries in boxes 6 and 7 of Form 1099-INT, you must file Form 1040. Can i file a 1040ez You may be able to take a credit for the amount shown in box 6 unless you deduct this amount on line 8 of Schedule A (Form 1040). Can i file a 1040ez To take the credit, you may have to file Form 1116, Foreign Tax Credit. Can i file a 1040ez For more information, see Publication 514, Foreign Tax Credit for Individuals. Can i file a 1040ez U. Can i file a 1040ez S. Can i file a 1040ez savings bond interest previously reported. Can i file a 1040ez   If you received a Form 1099-INT for U. Can i file a 1040ez S. Can i file a 1040ez savings bond interest, the form may show interest you do not have to report. Can i file a 1040ez See Form 1099-INT for U. Can i file a 1040ez S. Can i file a 1040ez savings bonds interest , earlier, under U. Can i file a 1040ez S. Can i file a 1040ez Savings Bonds. Can i file a 1040ez   On Schedule B (Form 1040A or 1040), Part I, line 1, report all the interest shown on your Form 1099-INT. Can i file a 1040ez Then follow these steps. Can i file a 1040ez Several lines above line 2, enter a subtotal of all interest listed on line 1. Can i file a 1040ez Below the subtotal enter “U. Can i file a 1040ez S. Can i file a 1040ez Savings Bond Interest Previously Reported” and enter amounts previously reported or interest accrued before you received the bond. Can i file a 1040ez Subtract these amounts from the subtotal and enter the result on line 2. Can i file a 1040ez More information. Can i file a 1040ez   For more information about how to report interest income, see chapter 1 of Publication 550 or the instructions for the form you must file. Can i file a 1040ez Prev  Up  Next   Home   More Online Publications