File your Taxes for Free!
  • Get your maximum refund*
  • 100% accurate calculations guaranteed*

TurboTax Federal Free Edition - File Taxes Online

Don't let filing your taxes get you down! We'll help make it as easy as possible. With e-file and direct deposit, there's no faster way to get your refund!

Approved TurboTax Affiliate Site. TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.


© 2012 - 2018 All rights reserved.

This is an Approved TurboTax Affiliate site. TurboTax and TurboTax Online, among other are registered trademarks and/or service marks of Intuit, Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.
When discussing "Free e-file", note that state e-file is an additional fee. E-file fees do not apply to New York state returns. Prices are subject to change without notice. E-file and get your refund faster
*If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
*Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Federal Free Edition customers are entitled to payment of $14.99 and a refund of your state purchase price paid. Claims must be submitted within sixty (60) days of your TurboTax filing date and no later than 6/15/14. E-file, Audit Defense, Professional Review, Refund Transfer and technical support fees are excluded. This guarantee cannot be combined with the TurboTax Satisfaction (Easy) Guarantee. *We're so confident your return will be done right, we guarantee it. Accurate calculations guaranteed. If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
https://turbotax.intuit.com/corp/guarantees.jsp

Can I File Previous Years Taxes Online

2010 Tax FilingCan I File 2010 Taxes In 2012Taxact 2012 Free Tax ReturnIrs Form 1040ez FillableFile Online Tax Extension For FreeIrs Extension FormH&r Block Amended ReturnVisit Www Irs Gov FreefileTax Form 1040nrIrs Gov VitaHow To File Past TaxesStudent Tax Return2012 Federal Tax Forms 1040ezFree Irs Extension Form1040ez Forms 2014Irs AmendmentWww Myfreetaxes Com UpstreetfreetaxAmend Tax Return1040ez Forms1040 Nr EzFederal Tax Form 1040aMyfreetax.comAmended Tax Return More:label_amended_20tax_20return More:bizfinanceFree Federal 1040ez EfileForgot To File 2012 TaxesFree State TaxFile 2011 Taxes Free OnlineAmended Tax Return FormsAmendment To TaxesForm 1040 NrHow Do I Amend My Tax ReturnWww Myfreetaxes Com UnitedwaymhcHrblock Apply Tax Extension FreeAmended Tax ReturnWww Irs GovIrs Tax Tables 1040ez2006 Tax Software Free DownloadIrsFree Electronic Tax FilingI Need To Amend My Taxes

Can I File Previous Years Taxes Online

Can i file previous years taxes online 4. Can i file previous years taxes online   Detailed Examples Table of Contents These examples use actual forms to help you prepare your income tax return. Can i file previous years taxes online However, the information shown on the filled-in forms is not from any actual person or scenario. Can i file previous years taxes online Example 1—Mortgage loan modification. Can i file previous years taxes online    In 2007, Nancy Oak bought a main home for $435,000. Can i file previous years taxes online Nancy took out a $420,000 mortgage loan to buy the home and made a down payment of $15,000. Can i file previous years taxes online The loan was secured by the home. Can i file previous years taxes online The mortgage loan was a recourse debt, meaning that Nancy was personally liable for the debt. Can i file previous years taxes online In 2008, Nancy took out a second mortgage loan (also a recourse debt) in the amount of $30,000 that was used to substantially improve her kitchen. Can i file previous years taxes online    In 2011, when the outstanding principal of the first and second mortgage loans was $440,000, Nancy refinanced the two recourse loans into one recourse loan in the amount of $475,000. Can i file previous years taxes online The FMV of Nancy's home at the time of the refinancing was $500,000. Can i file previous years taxes online Nancy used the additional $35,000 debt ($475,000 new mortgage loan minus $440,000 outstanding principal of Nancy's first and second mortgage loans immediately before the refinancing) to pay off personal credit cards and to pay college tuition for her son. Can i file previous years taxes online After the refinancing, Nancy has qualified principal residence indebtedness in the amount of $440,000 because the refinanced debt is qualified principal residence indebtedness only to the extent the amount of debt is not more than the old mortgage principal just before the refinancing. Can i file previous years taxes online   In 2013, Nancy was unable to make her mortgage loan payments. Can i file previous years taxes online On August 31, 2013, when the outstanding balance of her refinanced mortgage loan was still $475,000 and the FMV of the property was $425,000, Nancy's bank agreed to a loan modification (a “workout”) that resulted in a $40,000 reduction in the principal balance of her loan. Can i file previous years taxes online Nancy was neither insolvent nor in bankruptcy at the time of the loan modification. Can i file previous years taxes online   Nancy received a 2013 Form 1099-C from her bank in January 2014 showing canceled debt of $40,000 in box 2. Can i file previous years taxes online Identifiable event code "F" appears in box 6. Can i file previous years taxes online This box shows the reason the creditor has filed Form 1099-C. Can i file previous years taxes online To determine if she must include the canceled debt in her income, Nancy must determine whether she meets any of the exceptions or exclusions that apply to canceled debts. Can i file previous years taxes online Nancy determines that the only exception or exclusion that applies to her is the qualified principal residence indebtedness exclusion. Can i file previous years taxes online   Next, Nancy determines the amount, if any, of the $40,000 of canceled debt that was qualified principal residence indebtedness. Can i file previous years taxes online Although Nancy has $440,000 of qualified principal residence indebtedness, part of her loan ($35,000) was not qualified principal residence indebtedness because it was used to pay off personal credit cards and college tuition for her son. Can i file previous years taxes online Applying the ordering rule, the qualified principal residence indebtedness exclusion applies only to the extent the amount canceled is more than the amount of the debt (immediately before the cancellation) that is not qualified principal residence indebtedness. Can i file previous years taxes online Thus, Nancy can exclude only $5,000 of the canceled debt as qualified principal residence indebtedness ($40,000 amount canceled minus $35,000 nonqualified debt). Can i file previous years taxes online   Because Nancy does not meet any other exception or exclusion, she checks only the box on line 1e of Form 982 and enters $5,000 on line 2. Can i file previous years taxes online Nancy must also enter $5,000 on line 10b and reduce the basis of her main home by the $5,000 she excluded from income, bringing the adjusted basis in her home to $460,000 ($435,000 purchase price plus $30,000 substantial improvement minus $5,000). Can i file previous years taxes online Nancy must also include the $35,000 nonqualified debt portion in income on Form 1040, line 21. Can i file previous years taxes online You can see Nancy's Form 1099-C and a portion of her Form 1040 below. Can i file previous years taxes online Nancy's 2013 Form 1099-C, Cancellation of Debt This image is too large to be displayed in the current screen. Can i file previous years taxes online Please click the link to view the image. Can i file previous years taxes online Form 1099-C, Cancellation of Debt Nancy's 2013 Form 1040 This image is too large to be displayed in the current screen. Can i file previous years taxes online Please click the link to view the image. Can i file previous years taxes online Form 1040, U. Can i file previous years taxes online S. Can i file previous years taxes online Individual Income Tax Nancy's Form 982 This image is too large to be displayed in the current screen. Can i file previous years taxes online Please click the link to view the image. Can i file previous years taxes online Form 982 Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment)              Example 2—Mortgage loan foreclosure. Can i file previous years taxes online    In 2005, John and Mary Elm bought a main home for $335,000. Can i file previous years taxes online John and Mary took out a $320,000 mortgage loan to buy the home and made a down payment of $15,000. Can i file previous years taxes online The loan was secured by the home and is a recourse debt, meaning John and Mary are personally liable for the debt. Can i file previous years taxes online   John and Mary became unable to make their mortgage loan payments and on March 1, 2013, when the outstanding balance of the mortgage loan was $315,000 and the FMV of the property was $290,000, the bank foreclosed on the property and simultaneously canceled the remaining mortgage debt. Can i file previous years taxes online Immediately before the foreclosure, John and Mary's only other assets and liabilities were a checking account with a balance of $6,000, retirement savings of $13,000, and credit card debt of $5,500. Can i file previous years taxes online   John and Mary received a 2013 Form 1099-C showing canceled debt of $25,000 in box 2 ($315,000 outstanding balance minus $290,000 FMV) and an FMV of $290,000 in box 7. Can i file previous years taxes online Identifiable event code "D" appears in box 6. Can i file previous years taxes online This box shows the reason the creditor has filed Form 1099-C. Can i file previous years taxes online In order to determine if John and Mary must include the canceled debt in income, they must first determine whether they meet any of the exceptions or exclusions that apply to canceled debts. Can i file previous years taxes online In this example, John and Mary meet both the insolvency and qualified principal residence indebtedness exclusions. Can i file previous years taxes online Their sample Form 1099-C is shown on this page. Can i file previous years taxes online   John and Mary complete the insolvency worksheet and determine that they were insolvent immediately before the cancellation because at that time their liabilities exceeded the FMV of their assets by $11,500 ($320,500 total liabilities minus $309,000 FMV of total assets). Can i file previous years taxes online However, because the entire debt canceled is qualified principal residence indebtedness, the insolvency exclusion only applies if John and Mary elect to apply the insolvency exclusion instead of the qualified principal residence exclusion. Can i file previous years taxes online   John and Mary do not elect to apply the insolvency exclusion instead of the qualified principal residence exclusion because under the insolvency exclusion their exclusion would be limited to the amount by which they were insolvent ($11,500). Can i file previous years taxes online Instead, John and Mary check box 1e of Form 982 to exclude the canceled debt under the qualified principal residence exclusion. Can i file previous years taxes online Under the qualified principal residence exclusion, the amount that John and Mary can exclude is not limited because their qualified principal residence indebtedness is not more than $2 million and no portion of the loan was nonqualified debt. Can i file previous years taxes online As a result, John and Mary enter the full $25,000 of canceled debt on line 2 of Form 982. Can i file previous years taxes online Because John and Mary no longer own the home due to the foreclosure, John and Mary have no remaining basis in the home at the time of the debt cancellation. Can i file previous years taxes online Thus, John and Mary leave line 10b of Form 982 blank. Can i file previous years taxes online   John and Mary must also determine whether they have a gain or loss from the foreclosure. Can i file previous years taxes online John and Mary complete Table 1-1 (shown below) and find that they have a $45,000 loss from the foreclosure. Can i file previous years taxes online Because this loss relates to their home, it is a nondeductible loss. Can i file previous years taxes online   John and Mary's Form 1099-C, Insolvency Worksheet, and Form 982 follow. Can i file previous years taxes online John and Mary's 2013 Form 1099-C, Cancellation of Debt This image is too large to be displayed in the current screen. Can i file previous years taxes online Please click the link to view the image. Can i file previous years taxes online Form 1099-C, Cancellation of Debt Table 1-1. Can i file previous years taxes online Worksheet for Foreclosures and Repossessions (for John and Mary Elm) Part 1. Can i file previous years taxes online Complete Part 1 only if you were personally liable for the debt (even if none of the debt was canceled). Can i file previous years taxes online Otherwise, go to Part 2. Can i file previous years taxes online 1. Can i file previous years taxes online Enter the amount of outstanding debt immediately before the transfer of property reduced by any amount for which you remain personally liable immediately after the transfer of property $315,000. Can i file previous years taxes online 00 2. Can i file previous years taxes online Enter the fair market value of the transferred property $290,000. Can i file previous years taxes online 00 3. Can i file previous years taxes online Ordinary income from the cancellation of debt upon foreclosure or repossession. Can i file previous years taxes online * Subtract line 2 from line 1. Can i file previous years taxes online If less than zero, enter zero. Can i file previous years taxes online Next, go to Part 2 $ 25,000. Can i file previous years taxes online 00 Part 2. Can i file previous years taxes online Gain or loss from foreclosure or repossession. Can i file previous years taxes online   4. Can i file previous years taxes online Enter the smaller of line 1 or line 2. Can i file previous years taxes online If you did not complete Part 1 (because you were not personally liable for the debt), enter the amount of outstanding debt immediately before the transfer of property $290,000. Can i file previous years taxes online 00 5. Can i file previous years taxes online Enter any proceeds you received from the foreclosure sale   6. Can i file previous years taxes online Add line 4 and line 5 $290,000. Can i file previous years taxes online 00 7. Can i file previous years taxes online Enter the adjusted basis of the transferred property $335,000. Can i file previous years taxes online 00 8. Can i file previous years taxes online Gain or loss from foreclosure or repossession. Can i file previous years taxes online Subtract line 7 from line 6 ($ 45,000. Can i file previous years taxes online 00) * The income may not be taxable. Can i file previous years taxes online See chapter 1 for more details. Can i file previous years taxes online Insolvency Worksheet—John and Mary Elm Date debt was canceled (mm/dd/yy) 03/01/13 Part I. Can i file previous years taxes online Total liabilities immediately before the cancellation (do not include the same liability in more than one category) Liabilities (debts) Amount Owed Immediately Before the Cancellation 1. Can i file previous years taxes online Credit card debt $ 5,500 2. Can i file previous years taxes online Mortgage(s) on real property (including first and second mortgages and home equity loans) (mortgage(s) can be on personal residence, any additional residence, or property held for investment or used in a trade or business) $ 315,000 3. Can i file previous years taxes online Car and other vehicle loans $ 4. Can i file previous years taxes online Medical bills owed $ 5. Can i file previous years taxes online Student loans $ 6. Can i file previous years taxes online Accrued or past-due mortgage interest $ 7. Can i file previous years taxes online Accrued or past-due real estate taxes $ 8. Can i file previous years taxes online Accrued or past-due utilities (water, gas, electric) $ 9. Can i file previous years taxes online Accrued or past-due child care costs $ 10. Can i file previous years taxes online Federal or state income taxes remaining due (for prior tax years) $ 11. Can i file previous years taxes online Judgments $ 12. Can i file previous years taxes online Business debts (including those owed as a sole proprietor or partner) $ 13. Can i file previous years taxes online Margin debt on stocks and other debt to purchase or secured by investment assets other than real property $ 14. Can i file previous years taxes online Other liabilities (debts) not included above $ 15. Can i file previous years taxes online Total liabilities immediately before the cancellation. Can i file previous years taxes online Add lines 1 through 14. Can i file previous years taxes online $ 320,500 Part II. Can i file previous years taxes online Fair market value (FMV) of assets owned immediately before the cancellation (do not include the FMV of the same asset in more than one category) Assets FMV Immediately Before  the Cancellation 16. Can i file previous years taxes online Cash and bank account balances $ 6,000 17. Can i file previous years taxes online Real property, including the value of land (can be main home, any additional home, or property held for investment or used in a trade or business) $ 290,000 18. Can i file previous years taxes online Cars and other vehicles $ 19. Can i file previous years taxes online Computers $ 20. Can i file previous years taxes online Household goods and furnishings (for example, appliances, electronics, furniture, etc. Can i file previous years taxes online ) $ 21. Can i file previous years taxes online Tools $ 22. Can i file previous years taxes online Jewelry $ 23. Can i file previous years taxes online Clothing $ 24. Can i file previous years taxes online Books $ 25. Can i file previous years taxes online Stocks and bonds $ 26. Can i file previous years taxes online Investments in coins, stamps, paintings, or other collectibles $ 27. Can i file previous years taxes online Firearms, sports, photographic, and other hobby equipment $ 28. Can i file previous years taxes online Interest in retirement accounts (IRA accounts, 401(k) accounts, and other retirement accounts) $ 13,000 29. Can i file previous years taxes online Interest in a pension plan $ 30. Can i file previous years taxes online Interest in education accounts $ 31. Can i file previous years taxes online Cash value of life insurance $ 32. Can i file previous years taxes online Security deposits with landlords, utilities, and others $ 33. Can i file previous years taxes online Interests in partnerships $ 34. Can i file previous years taxes online Value of investment in a business $ 35. Can i file previous years taxes online Other investments (for example, annuity contracts, guaranteed investment contracts, mutual funds, commodity accounts, interests in hedge funds, and options) $ 36. Can i file previous years taxes online Other assets not included above $ 37. Can i file previous years taxes online FMV of total assets immediately before the cancellation. Can i file previous years taxes online Add lines 16 through 36. Can i file previous years taxes online $ 309,000 Part III. Can i file previous years taxes online Insolvency 38. Can i file previous years taxes online Amount of Insolvency. Can i file previous years taxes online Subtract line 37 from line 15. Can i file previous years taxes online If zero or less, you are not insolvent. Can i file previous years taxes online $ 11,500 John and Mary's Form 982 This image is too large to be displayed in the current screen. Can i file previous years taxes online Please click the link to view the image. Can i file previous years taxes online Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment)          Example 3—Mortgage loan foreclosure with debt exceeding $2 million limit. Can i file previous years taxes online    In 2011, Kathy and Frank Willow got married and entered into a contract with Hive Construction Corporation to build a house for $3,000,000 to be used as their main home. Can i file previous years taxes online Kathy and Frank made a $400,000 down payment and took out a $2,600,000 mortgage to finance the remaining cost of the house. Can i file previous years taxes online Kathy and Frank are personally liable for the mortgage loan, which is secured by the home. Can i file previous years taxes online   In November 2013, when the outstanding principal balance on the mortgage loan was $2,500,000, the FMV of the property fell to $1,750,000 and Kathy and Frank abandoned the property by permanently moving out. Can i file previous years taxes online The lender foreclosed on the property and, on December 5, 2013, sold the property to another buyer for $1,750,000. Can i file previous years taxes online On December 26, 2013, the lender canceled the remaining debt. Can i file previous years taxes online Kathy and Frank have no tax attributes other than basis of personal-use property. Can i file previous years taxes online   The lender issued a 2013 Form 1099-C to Kathy and Frank showing canceled debt of $750,000 in box 2 (the remaining balance on the $2,500,000 mortgage debt after application of the foreclosure sale proceeds) and $1,750,000 in box 7 (FMV of the property). Can i file previous years taxes online Identifiable event code "D" appears in box 6. Can i file previous years taxes online This box shows the reason the creditor has filed Form 1099-C. Can i file previous years taxes online Although Kathy and Frank abandoned the property, the lender did not need to also file a Form 1099-A because the lender canceled the debt in connection with the foreclosure in the same calendar year. Can i file previous years taxes online Kathy and Frank are filing a joint return for 2013. Can i file previous years taxes online   Because the foreclosure occurred prior to the debt cancellation, Kathy and Frank first calculate their gain or loss from the foreclosure using Table 1-1. Can i file previous years taxes online Because Kathy and Frank remained personally liable for the $750,000 debt remaining after the foreclosure ($2,500,000 outstanding debt immediately before the foreclosure minus $1,750,000 satisfied through the sale of the home), Kathy and Frank enter $1,750,000 on line 1 of Table 1-1 ($2,500,000 outstanding debt immediately before the foreclosure minus the $750,000 for which they remained liable). Can i file previous years taxes online Completing Table 1-1, Kathy and Frank find that they have no ordinary income from the cancellation of debt upon foreclosure and that they have a $1,250,000 loss. Can i file previous years taxes online Because this loss relates to their home, it is a nondeductible loss. Can i file previous years taxes online   Because the lender later canceled the remaining amount of the debt, Kathy and Frank must also determine whether that canceled debt is taxable. Can i file previous years taxes online Immediately before the cancellation, Kathy and Frank had $15,000 in a savings account, household furnishings with an FMV of $17,000, a car with an FMV of $10,000, and $18,000 in credit card debt. Can i file previous years taxes online Kathy and Frank also had the $750,000 remaining balance on the mortgage loan at that time. Can i file previous years taxes online The household furnishings originally cost $30,000. Can i file previous years taxes online The car had been fully paid off (so there was no related outstanding debt) and was originally purchased for $16,000. Can i file previous years taxes online Kathy and Frank had no adjustments to the cost basis of the car. Can i file previous years taxes online Kathy and Frank had no other assets or liabilities at the time of the cancellation. Can i file previous years taxes online Kathy and Frank complete the insolvency worksheet to calculate that they were insolvent to the extent of $726,000 immediately before the cancellation ($768,000 of total liabilities minus $42,000 FMV of total assets). Can i file previous years taxes online   At the beginning of 2014, Kathy and Frank had $9,000 in their savings account and $15,000 in credit card debt. Can i file previous years taxes online Kathy and Frank also owned the same car at that time (still with an FMV of $10,000 and basis of $16,000) and the same household furnishings (still with an FMV of $17,000 and a basis of $30,000). Can i file previous years taxes online Kathy and Frank had no other assets or liabilities at that time. Can i file previous years taxes online Kathy and Frank no longer own the home because the lender foreclosed on it in 2013. Can i file previous years taxes online   Because the canceled debt is qualified principal residence indebtedness, the insolvency exclusion does not apply unless Kathy and Frank elect to apply the insolvency exclusion instead of the qualified principal residence indebtedness exclusion. Can i file previous years taxes online The maximum amount that Kathy and Frank can treat as qualified principal residence indebtedness is $2,000,000. Can i file previous years taxes online The remaining $500,000 ($2,500,000 outstanding mortgage loan minus $2,000,000 limit on qualified principal residence indebtedness) is not qualified principal residence indebtedness. Can i file previous years taxes online Because only a part of the loan is qualified principal residence indebtedness, Kathy and Frank must apply the ordering rule to the canceled debt. Can i file previous years taxes online Under the ordering rule, the qualified principal residence indebtedness exclusion applies only to the extent that the amount canceled ($750,000) exceeds the amount of the loan (immediately before the cancellation) that is not qualified principal residence indebtedness ($500,000). Can i file previous years taxes online This means that Kathy and Frank can only exclude $250,000 ($750,000 amount canceled minus $500,000 nonqualified debt) under the qualified principal residence indebtedness exclusion. Can i file previous years taxes online   Kathy and Frank do not elect to have the insolvency exclusion apply instead of the qualified principal residence exclusion. Can i file previous years taxes online Nonetheless, they can still apply the insolvency exclusion to the $500,000 nonqualified debt because it is not qualified principal residence indebtedness. Can i file previous years taxes online Kathy and Frank can exclude the remaining $500,000 canceled debt under the insolvency exclusion because they were insolvent immediately before the cancellation to the extent of $726,000. Can i file previous years taxes online Thus, Kathy and Frank check the boxes on lines 1b and 1e of Form 982 and enter $750,000 on line 2 ($250,000 excluded under the qualified principal residence indebtedness exclusion plus $500,000 excluded under the insolvency exclusion). Can i file previous years taxes online   Next, Kathy and Frank reduce their tax attributes using Part II of Form 982. Can i file previous years taxes online Because Kathy and Frank no longer own the home due to the foreclosure, Kathy and Frank have no remaining basis in the home at the time of the debt cancellation. Can i file previous years taxes online Thus, Kathy and Frank leave line 10b of Form 982 blank. Can i file previous years taxes online However, Kathy and Frank are also excluding nonqualified debt under the insolvency exclusion. Can i file previous years taxes online As a result, Kathy and Frank must reduce the basis of property they own based on the amount of canceled debt they are excluding from income under the insolvency rules. Can i file previous years taxes online Because Kathy and Frank have no tax attributes other than basis of personal-use property to reduce, Kathy and Frank figure the amount they must include on line 10a of Form 982 by taking the smallest of: The $46,000 bases of their personal-use property held at the beginning of 2014 ($16,000 basis in the car plus $30,000 basis in household furnishings), The $500,000 of the nonbusiness debt (other than qualified principal residence indebtedness) that they are excluding from income on line 2 of Form 982, or The $43,000 excess of the total bases of the property and the amount of money they held immediately after the cancellation over their total liabilities immediately after the cancellation ($15,000 in savings account plus $30,000 basis in household furnishings plus $16,000 adjusted basis in car minus $18,000 credit card debt). Can i file previous years taxes online Kathy and Frank enter $43,000 on Form 982, line 10a and reduce their bases in the car and the household furnishings in proportion to the total adjusted bases in all their property. Can i file previous years taxes online Kathy and Frank reduce the basis in the car by $14,956. Can i file previous years taxes online 52 ($43,000 x $16,000/$46,000). Can i file previous years taxes online And they reduce the basis in the household furnishings by $28,043. Can i file previous years taxes online 48 ($43,000 x $30,000/$46,000). Can i file previous years taxes online   Following are Kathy and Frank's sample forms and worksheets. Can i file previous years taxes online Frank and Kathy's 2013 Form 1099-C, Cancellation of Debt This image is too large to be displayed in the current screen. Can i file previous years taxes online Please click the link to view the image. Can i file previous years taxes online Form 1099-C, Cancellation of Debt Table 1-1. Can i file previous years taxes online Worksheet for Foreclosures and Repossessions (for Frank and Kathy Willow) Part 1. Can i file previous years taxes online Complete Part 1 only if you were personally liable for the debt (even if none of the debt was canceled). Can i file previous years taxes online Otherwise, go to Part 2. Can i file previous years taxes online 1. Can i file previous years taxes online Enter the amount of outstanding debt immediately before the transfer of property reduced by any amount for which you remain personally liable immediately after the transfer of property $1,750,000. Can i file previous years taxes online 00 2. Can i file previous years taxes online Enter the fair market value of the transferred property $1,750,000. Can i file previous years taxes online 00 3. Can i file previous years taxes online Ordinary income from the cancellation of debt upon foreclosure or repossession. Can i file previous years taxes online * Subtract line 2 from line 1. Can i file previous years taxes online If less than zero, enter zero. Can i file previous years taxes online Next, go to Part 2 $0. Can i file previous years taxes online 00 Part 2. Can i file previous years taxes online Gain or loss from foreclosure or repossession. Can i file previous years taxes online   4. Can i file previous years taxes online Enter the smaller of line 1 or line 2. Can i file previous years taxes online If you did not complete Part 1 (because you were not personally liable for the debt), enter the amount of outstanding debt immediately before the transfer of property. Can i file previous years taxes online $1,750,000. Can i file previous years taxes online 00 5. Can i file previous years taxes online Enter any proceeds you received from the foreclosure sale   6. Can i file previous years taxes online Add line 4 and line 5 $1,750,000. Can i file previous years taxes online 00 7. Can i file previous years taxes online Enter the adjusted basis of the transferred property $3,000,000. Can i file previous years taxes online 00 8. Can i file previous years taxes online Gain or loss from foreclosure or repossession. Can i file previous years taxes online Subtract line 7 from line 6 ($1,250,000. Can i file previous years taxes online 00) * The income may not be taxable. Can i file previous years taxes online See chapter 1 for more details. Can i file previous years taxes online    Insolvency Worksheet—Frank and Kathy Willow Date debt was canceled (mm/dd/yy) 12/26/13 Part I. Can i file previous years taxes online Total liabilities immediately before the cancellation (do not include the same liability in more than one category) Liabilities (debts) Amount Owed Immediately Before the Cancellation 1. Can i file previous years taxes online Credit card debt $ 18,000 2. Can i file previous years taxes online Mortgage(s) on real property (including first and second mortgages and home equity loans) (mortgage(s) can be on personal residence, any additional residence, or property held for investment or used in a trade or business) $ 750,000 3. Can i file previous years taxes online Car and other vehicle loans $ 4. Can i file previous years taxes online Medical bills owed $ 5. Can i file previous years taxes online Student loans $ 6. Can i file previous years taxes online Accrued or past-due mortgage interest $ 7. Can i file previous years taxes online Accrued or past-due real estate taxes $ 8. Can i file previous years taxes online Accrued or past-due utilities (water, gas, electric) $ 9. Can i file previous years taxes online Accrued or past-due child care costs $ 10. Can i file previous years taxes online Federal or state income taxes remaining due (for prior tax years) $ 11. Can i file previous years taxes online Judgments $ 12. Can i file previous years taxes online Business debts (including those owed as a sole proprietor or partner) $ 13. Can i file previous years taxes online Margin debt on stocks and other debt to purchase or secured by investment assets other than real property $ 14. Can i file previous years taxes online Other liabilities (debts) not included above $ 15. Can i file previous years taxes online Total liabilities immediately before the cancellation. Can i file previous years taxes online Add lines 1 through 14. Can i file previous years taxes online $ 768,000 Part II. Can i file previous years taxes online Fair market value (FMV) of assets owned immediately before the cancellation (do not include the FMV of the same asset in more than one category) Assets FMV Immediately Before  the Cancellation 16. Can i file previous years taxes online Cash and bank account balances $ 15,000 17. Can i file previous years taxes online Real property, including the value of land (can be main home, any additional home, or property held for investment or used in a trade or business) $ 18. Can i file previous years taxes online Cars and other vehicles $ 10,000 19. Can i file previous years taxes online Computers $ 20. Can i file previous years taxes online Household goods and furnishings (for example, appliances, electronics, furniture, etc. Can i file previous years taxes online ) $ 17,000 21. Can i file previous years taxes online Tools $ 22. Can i file previous years taxes online Jewelry $ 23. Can i file previous years taxes online Clothing $ 24. Can i file previous years taxes online Books $ 25. Can i file previous years taxes online Stocks and bonds $ 26. Can i file previous years taxes online Investments in coins, stamps, paintings, or other collectibles $ 27. Can i file previous years taxes online Firearms, sports, photographic, and other hobby equipment $ 28. Can i file previous years taxes online Interest in retirement accounts (IRA accounts, 401(k) accounts, and other retirement accounts) $ 29. Can i file previous years taxes online Interest in a pension plan $ 30. Can i file previous years taxes online Interest in education accounts $ 31. Can i file previous years taxes online Cash value of life insurance $ 32. Can i file previous years taxes online Security deposits with landlords, utilities, and others $ 33. Can i file previous years taxes online Interests in partnerships $ 34. Can i file previous years taxes online Value of investment in a business $ 35. Can i file previous years taxes online Other investments (for example, annuity contracts, guaranteed investment contracts, mutual funds, commodity accounts, interests in hedge funds, and options) $ 36. Can i file previous years taxes online Other assets not included above $ 37. Can i file previous years taxes online FMV of total assets immediately before the cancellation. Can i file previous years taxes online Add lines 16 through 36. Can i file previous years taxes online $ 42,000 Part III. Can i file previous years taxes online Insolvency 38. Can i file previous years taxes online Amount of Insolvency. Can i file previous years taxes online Subtract line 37 from line 15. Can i file previous years taxes online If zero or less, you are not insolvent. Can i file previous years taxes online $ 726,000    Frank and Kathy's Form 982 This image is too large to be displayed in the current screen. Can i file previous years taxes online Please click the link to view the image. Can i file previous years taxes online Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment) Prev  Up  Next   Home   More Online Publications
Español

International Trade Administration (ITA)

The International Trade Administration works to promote U.S. exports by providing diplomatic support, helping to shape trade policy, removing trade barriers, and enforcing U.S. trade laws and agreements.

Contact the Agency or Department

Website: International Trade Administration (ITA)

Contact In-Person: Find an Export Assistance Center Near You

Address: 1401 Constitution Ave., NW
Washington, DC 20230

Toll-free: 800-872-8723

The Can I File Previous Years Taxes Online

Can i file previous years taxes online Publication 1212 - Introductory Material Table of Contents Future Developments Photographs of Missing Children IntroductionOrdering forms and publications. Can i file previous years taxes online Tax questions. Can i file previous years taxes online Useful Items - You may want to see: Future Developments For the latest information about developments related to Pub. Can i file previous years taxes online 1212, such as legislation enacted after it was published, go to www. Can i file previous years taxes online irs. Can i file previous years taxes online gov/pub1212. Can i file previous years taxes online Photographs of Missing Children The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Can i file previous years taxes online Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Can i file previous years taxes online You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Can i file previous years taxes online Introduction This publication has two purposes. Can i file previous years taxes online Its primary purpose is to help brokers and other middlemen identify publicly offered original issue discount (OID) debt instruments they may hold as nominees for the true owners, so they can file Forms 1099-OID or Forms 1099-INT as required. Can i file previous years taxes online The other purpose of the publication is to help owners of publicly offered OID debt instruments determine how much OID to report on their income tax returns. Can i file previous years taxes online The list of publicly offered OID debt instruments (OID list) is on the IRS website. Can i file previous years taxes online The original issue discount tables, Sections I-A through III-F, are only available on the IRS website at www. Can i file previous years taxes online irs. Can i file previous years taxes online gov/pub1212 by clicking the link under Recent Developments. Can i file previous years taxes online The tables are posted to the website in late November or early December of each year. Can i file previous years taxes online The information on these lists come from the issuers of the debt instruments and from financial publications and is updated annually. Can i file previous years taxes online (However, see Debt Instruments Not on the OID List, later. Can i file previous years taxes online ) Brokers and other middlemen can rely on this list to determine, for information reporting purposes, whether a debt instrument was issued at a discount and the OID to be reported on information returns. Can i file previous years taxes online However, because the information in the list has generally not been verified by the IRS as correct, the following tax matters are subject to change upon examination by the IRS. Can i file previous years taxes online The OID reported by owners of a debt instrument on their income tax returns. Can i file previous years taxes online The issuer's classification of an instrument as debt for federal income tax purposes. Can i file previous years taxes online Instructions for issuers of OID debt instruments. Can i file previous years taxes online   In general, issuers of publicly offered OID debt instruments must, within 30 days after the issue date, report information about the instruments to the IRS on Form 8281, Information Return for Publicly Offered Original Issue Discount Instruments. Can i file previous years taxes online See the form instructions for more information. Can i file previous years taxes online Issuers should report errors in and omissions from the list in writing at the following address:  IRS OID Publication Project SE:W:CAR:MP:T  1111 Constitution Ave. Can i file previous years taxes online NW, IR-6526 Washington, D. Can i file previous years taxes online C. Can i file previous years taxes online 20224 REMIC and CDO information reporting requirements. Can i file previous years taxes online   Brokers and other middlemen must follow special information reporting requirements for real estate mortgage investment conduits (REMIC) regular, and collateralized debt obligations (CDO) interests. Can i file previous years taxes online The rules are explained in Publication 938, Real Estate Mortgage Investment Conduits (REMICs) Reporting Information (And Other Collateralized Debt Obligations (CDOs)). Can i file previous years taxes online   Holders of interests in REMICs and CDOs should see chapter 1 of Publication 550 for information on REMICs and CDOs. Can i file previous years taxes online Comments and suggestions. Can i file previous years taxes online   We welcome your comments about this publication and your suggestions for future editions. Can i file previous years taxes online   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Can i file previous years taxes online NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Can i file previous years taxes online Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Can i file previous years taxes online   You can send your comments from www. Can i file previous years taxes online irs. Can i file previous years taxes online gov/formspubs/. Can i file previous years taxes online Click on “More Information” and then on “Comment on Tax Forms and Publications. Can i file previous years taxes online ”   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. Can i file previous years taxes online Ordering forms and publications. Can i file previous years taxes online   Visit www. Can i file previous years taxes online irs. Can i file previous years taxes online gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. Can i file previous years taxes online Internal Revenue Service 1201 N. Can i file previous years taxes online Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Can i file previous years taxes online   If you have a tax question, check the information available on IRS. Can i file previous years taxes online gov or call 1-800-829-1040. Can i file previous years taxes online We cannot answer tax questions sent to any of the preceding addresses. Can i file previous years taxes online Useful Items - You may want to see: Publication 515 Withholding of Tax on Nonresident Aliens and Foreign Entities 550 Investment Income and Expenses 938 Real Estate Mortgage Investment Conduits (REMICs) Reporting Information (And Other Collateralized Debt Obligations (CDOs)). Can i file previous years taxes online Form (and Instructions) 1096 Annual Summary and Transmittal of U. Can i file previous years taxes online S. Can i file previous years taxes online Information Returns 1099-B Proceeds From Broker and Barter Exchange Transactions 1099-INT Interest Income 1099-OID Original Issue Discount 8949 Sales and Other Dispositions of Capital Assets Schedule B (Form 1040A or 1040) Interest and Ordinary Dividends Schedule D (Form 1040) Capital Gains and Losses W-8 Instructions for the Requester of Forms W-8BEN, W-8ECI, W-8EXP, and W-8IMY See How To Get Tax Help near the end of this publication for information about getting publications and forms. Can i file previous years taxes online Prev  Up  Next   Home   More Online Publications