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

How Do I File My 2012 Taxes Late

How To File Amended Tax ReturnIrs Easy FormE File State Taxes FreePrintable 1040ez Federal Tax FormFile 2006 Tax Return FreeHow Do I File My State Taxes For Free1040ez Tax FormsFree Income Tax FilingFree State Tax Software1040x Amendment FormMilitary Filing TaxesIf I Am Unemployed Do I File TaxesCan I File My 2010 Taxes In 2013Irs Free FileHrblock Free TaxesHelp Filing An Amended Tax Return1040ez 2013Www Irs Gov 1040xTax Return For 20122011 Federal Income Tax Form 1040ezForm 1040Free File State TaxFile Free State Taxes Only1040 Ez OnlineHow To Do A Amended Tax ReturnHandr Block2012 Form 1040x1040ez Tax BookletTax File ExtensionHttp Www Irs Gov Efile1040 Ez Tax Return FormTurbotax Deluxe Federal Efile State 2009File State Taxes OnlineMyfreetaxes ComIrs Gov Amended Tax ReturnRefile 2012 TaxesCan You File Your 2011 Taxes To 2013 FilingH&block ComFile 2008 Taxes OnlineQuicktax

How Do I File My 2012 Taxes Late

How do i file my 2012 taxes late 27. How do i file my 2012 taxes late   Tax Benefits for Work-Related Education Table of Contents What's New Introduction Useful Items - You may want to see: Qualifying Work-Related EducationEducation Required by Employer or by Law Education To Maintain or Improve Skills Education To Meet Minimum Requirements Education That Qualifies You for a New Trade or Business What Expenses Can Be DeductedUnclaimed reimbursement. How do i file my 2012 taxes late Transportation Expenses Travel Expenses No Double Benefit Allowed Reimbursements Deducting Business ExpensesSelf-Employed Persons Employees Performing Artists and Fee-Basis Officials Impairment-Related Work Expenses Recordkeeping What's New Standard mileage rate. How do i file my 2012 taxes late  Generally, if you claim a business deduction for work-related education and you drive your car to and from school, the amount you can deduct for miles driven from January 1, 2013, through December 31, 2013, is 56½ cents per mile. How do i file my 2012 taxes late For more information, see Transportation Expenses under What Expenses Can Be Deducted. How do i file my 2012 taxes late Introduction This chapter discusses work-related education expenses that you may be able to deduct as business expenses. How do i file my 2012 taxes late To claim such a deduction, you must: Itemize your deductions on Schedule A (Form 1040) if you are an employee, File Schedule C (Form 1040), Schedule C-EZ (Form 1040), or Schedule F (Form 1040) if you are self-employed, and Have expenses for education that meet the requirements discussed under Qualifying Work-Related Education . How do i file my 2012 taxes late If you are an employee and can itemize your deductions, you may be able to claim a deduction for the expenses you pay for your work-related education. How do i file my 2012 taxes late Your deduction will be the amount by which your qualifying work-related education expenses plus other job and certain miscellaneous expenses (except for impairment-related work expenses of disabled individuals) is greater than 2% of your adjusted gross income. How do i file my 2012 taxes late See chapter 28. How do i file my 2012 taxes late If you are self-employed, you deduct your expenses for qualifying work-related education directly from your self-employment income. How do i file my 2012 taxes late Your work-related education expenses may also qualify you for other tax benefits, such as the American opportunity and lifetime learning credits (see chapter 35). How do i file my 2012 taxes late You may qualify for these other benefits even if you do not meet the requirements listed earlier. How do i file my 2012 taxes late Also, keep in mind that your work-related education expenses may qualify you to claim more than one tax benefit. How do i file my 2012 taxes late Generally, you may claim any number of benefits as long as you use different expenses to figure each one. How do i file my 2012 taxes late When you figure your taxes, you may want to compare these tax benefits so you can choose the method(s) that give you the lowest tax liability. How do i file my 2012 taxes late Useful Items - You may want to see: Publication 463 Travel, Entertainment, Gift, and Car Expenses 970 Tax Benefits for Education Form (and Instructions) 2106 Employee Business Expenses 2106-EZ Unreimbursed Employee Business Expenses Schedule A (Form 1040) Itemized Deductions Qualifying Work-Related Education You can deduct the costs of qualifying work-related education as business expenses. How do i file my 2012 taxes late This is education that meets at least one of the following two tests. How do i file my 2012 taxes late The education is required by your employer or the law to keep your present salary, status, or job. How do i file my 2012 taxes late The required education must serve a bona fide business purpose of your employer. How do i file my 2012 taxes late The education maintains or improves skills needed in your present work. How do i file my 2012 taxes late However, even if the education meets one or both of the above tests, it is not qualifying work-related education if it: Is needed to meet the minimum educational requirements of your present trade or business, or Is part of a program of study that will qualify you for a new trade or business. How do i file my 2012 taxes late You can deduct the costs of qualifying work-related education as a business expense even if the education could lead to a degree. How do i file my 2012 taxes late Use Figure 27-A, later, as a quick check to see if your education qualifies. How do i file my 2012 taxes late Education Required by Employer or by Law Once you have met the minimum educational requirements for your job, your employer or the law may require you to get more education. How do i file my 2012 taxes late This additional education is qualifying work-related education if all three of the following requirements are met. How do i file my 2012 taxes late It is required for you to keep your present salary, status, or job, The requirement serves a bona fide business purpose of your employer, and The education is not part of a program that will qualify you for a new trade or business. How do i file my 2012 taxes late When you get more education than your employer or the law requires, the additional education can be qualifying work-related education only if it maintains or improves skills required in your present work. How do i file my 2012 taxes late See Education To Maintain or Improve Skills , later. How do i file my 2012 taxes late Example. How do i file my 2012 taxes late You are a teacher who has satisfied the minimum requirements for teaching. How do i file my 2012 taxes late Your employer requires you to take an additional college course each year to keep your teaching job. How do i file my 2012 taxes late If the courses will not qualify you for a new trade or business, they are qualifying work-related education even if you eventually receive a master's degree and an increase in salary because of this extra education. How do i file my 2012 taxes late Education To Maintain or Improve Skills If your education is not required by your employer or the law, it can be qualifying work-related education only if it maintains or improves skills needed in your present work. How do i file my 2012 taxes late This could include refresher courses, courses on current developments, and academic or vocational courses. How do i file my 2012 taxes late Example. How do i file my 2012 taxes late You repair televisions, radios, and stereo systems for XYZ Store. How do i file my 2012 taxes late To keep up with the latest changes, you take special courses in radio and stereo service. How do i file my 2012 taxes late These courses maintain and improve skills required in your work. How do i file my 2012 taxes late Maintaining skills vs. How do i file my 2012 taxes late qualifying for new job. How do i file my 2012 taxes late   Education to maintain or improve skills needed in your present work is not qualifying education if it will also qualify you for a new trade or business. How do i file my 2012 taxes late Education during temporary absence. How do i file my 2012 taxes late   If you stop working for a year or less in order to get education to maintain or improve skills needed in your present work and then return to the same general type of work, your absence is considered temporary. How do i file my 2012 taxes late Education that you get during a temporary absence is qualifying work-related education if it maintains or improves skills needed in your present work. How do i file my 2012 taxes late Example. How do i file my 2012 taxes late You quit your biology research job to become a full-time biology graduate student for one year. How do i file my 2012 taxes late If you return to work in biology research after completing the courses, the education is related to your present work even if you do not go back to work with the same employer. How do i file my 2012 taxes late Education during indefinite absence. How do i file my 2012 taxes late   If you stop work for more than a year, your absence from your job is considered indefinite. How do i file my 2012 taxes late Education during an indefinite absence, even if it maintains or improves skills needed in the work from which you are absent, is considered to qualify you for a new trade or business. How do i file my 2012 taxes late Therefore, it is not qualifying work-related education. How do i file my 2012 taxes late Education To Meet Minimum Requirements Education you need to meet the minimum educational requirements for your present trade or business is not qualifying work-related education. How do i file my 2012 taxes late The minimum educational requirements are determined by: Laws and regulations, Standards of your profession, trade, or business, and Your employer. How do i file my 2012 taxes late Once you have met the minimum educational requirements that were in effect when you were hired, you do not have to meet any new minimum educational requirements. How do i file my 2012 taxes late This means that if the minimum requirements change after you were hired, any education you need to meet the new requirements can be qualifying education. How do i file my 2012 taxes late You have not necessarily met the minimum educational requirements of your trade or business simply because you are already doing the work. How do i file my 2012 taxes late Example 1. How do i file my 2012 taxes late You are a full-time engineering student. How do i file my 2012 taxes late Although you have not received your degree or certification, you work part-time as an engineer for a firm that will employ you as a full-time engineer after you finish college. How do i file my 2012 taxes late Although your college engineering courses improve your skills in your present job, they are also needed to meet the minimum job requirements for a full-time engineer. How do i file my 2012 taxes late The education is not qualifying work-related education. How do i file my 2012 taxes late Example 2. How do i file my 2012 taxes late You are an accountant and you have met the minimum educational requirements of your employer. How do i file my 2012 taxes late Your employer later changes the minimum educational requirements and requires you to take college courses to keep your job. How do i file my 2012 taxes late These additional courses can be qualifying work-related education because you have already satisfied the minimum requirements that were in effect when you were hired. How do i file my 2012 taxes late Requirements for Teachers States or school districts usually set the minimum educational requirements for teachers. How do i file my 2012 taxes late The requirement is the college degree or the minimum number of college hours usually required of a person hired for that position. How do i file my 2012 taxes late If there are no requirements, you will have met the minimum educational requirements when you become a faculty member. How do i file my 2012 taxes late The determination of whether you are a faculty member of an educational institution must be made on the basis of the particular practices of the institution. How do i file my 2012 taxes late You generally will be considered a faculty member when one or more of the following occurs. How do i file my 2012 taxes late You have tenure. How do i file my 2012 taxes late Your years of service count toward obtaining tenure. How do i file my 2012 taxes late You have a vote in faculty decisions. How do i file my 2012 taxes late Your school makes contributions for you to a retirement plan other than social security or a similar program. How do i file my 2012 taxes late Example 1. How do i file my 2012 taxes late The law in your state requires beginning secondary school teachers to have a bachelor's degree, including 10 professional education courses. How do i file my 2012 taxes late In addition, to keep the job a teacher must complete a fifth year of training within 10 years from the date of hire. How do i file my 2012 taxes late If the employing school certifies to the state Department of Education that qualified teachers cannot be found, the school can hire persons with only 3 years of college. How do i file my 2012 taxes late However, to keep their jobs, these teachers must get a bachelor's degree and the required professional education courses within 3 years. How do i file my 2012 taxes late Under these facts, the bachelor's degree, whether or not it includes the 10 professional education courses, is considered the minimum educational requirement for qualification as a teacher in your state. How do i file my 2012 taxes late If you have all the required education except the fifth year, you have met the minimum educational requirements. How do i file my 2012 taxes late The fifth year of training is qualifying work-related education unless it is part of a program of study that will qualify you for a new trade or business. How do i file my 2012 taxes late Figure 27-A Does Your Work-Related Education Qualify? Please click here for the text description of the image. How do i file my 2012 taxes late Figure 27-A. How do i file my 2012 taxes late Does Your Work-Related Education Qualify?" Example 2. How do i file my 2012 taxes late Assume the same facts as in Example 1 except that you have a bachelor's degree and only six professional education courses. How do i file my 2012 taxes late The additional four education courses can be qualifying work-related education. How do i file my 2012 taxes late Although you do not have all the required courses, you have already met the minimum educational requirements. How do i file my 2012 taxes late Example 3. How do i file my 2012 taxes late Assume the same facts as in Example 1 except that you are hired with only 3 years of college. How do i file my 2012 taxes late The courses you take that lead to a bachelor's degree (including those in education) are not qualifying work-related education. How do i file my 2012 taxes late They are needed to meet the minimum educational requirements for employment as a teacher. How do i file my 2012 taxes late Example 4. How do i file my 2012 taxes late You have a bachelor's degree and you work as a temporary instructor at a university. How do i file my 2012 taxes late At the same time, you take graduate courses toward an advanced degree. How do i file my 2012 taxes late The rules of the university state that you can become a faculty member only if you get a graduate degree. How do i file my 2012 taxes late Also, you can keep your job as an instructor only as long as you show satisfactory progress toward getting this degree. How do i file my 2012 taxes late You have not met the minimum educational requirements to qualify you as a faculty member. How do i file my 2012 taxes late The graduate courses are not qualifying work-related education. How do i file my 2012 taxes late Certification in a new state. How do i file my 2012 taxes late   Once you have met the minimum educational requirements for teachers for your state, you are considered to have met the minimum educational requirements in all states. How do i file my 2012 taxes late This is true even if you must get additional education to be certified in another state. How do i file my 2012 taxes late Any additional education you need is qualifying work-related education. How do i file my 2012 taxes late You have already met the minimum requirements for teaching. How do i file my 2012 taxes late Teaching in another state is not a new trade or business. How do i file my 2012 taxes late Example. How do i file my 2012 taxes late You hold a permanent teaching certificate in State A and are employed as a teacher in that state for several years. How do i file my 2012 taxes late You move to State B and are promptly hired as a teacher. How do i file my 2012 taxes late You are required, however, to complete certain prescribed courses to get a permanent teaching certificate in State B. How do i file my 2012 taxes late These additional courses are qualifying work-related education because the teaching position in State B involves the same general kind of work for which you were qualified in State A. How do i file my 2012 taxes late Education That Qualifies You for a New Trade or Business Education that is part of a program of study that will qualify you for a new trade or business is not qualifying work-related education. How do i file my 2012 taxes late This is true even if you do not plan to enter that trade or business. How do i file my 2012 taxes late If you are an employee, a change of duties that involves the same general kind of work is not a new trade or business. How do i file my 2012 taxes late Example 1. How do i file my 2012 taxes late You are an accountant. How do i file my 2012 taxes late Your employer requires you to get a law degree at your own expense. How do i file my 2012 taxes late You register at a law school for the regular curriculum that leads to a law degree. How do i file my 2012 taxes late Even if you do not intend to become a lawyer, the education is not qualifying because the law degree will qualify you for a new trade or business. How do i file my 2012 taxes late Example 2. How do i file my 2012 taxes late You are a general practitioner of medicine. How do i file my 2012 taxes late You take a 2-week course to review developments in several specialized fields of medicine. How do i file my 2012 taxes late The course does not qualify you for a new profession. How do i file my 2012 taxes late It is qualifying work-related education because it maintains or improves skills required in your present profession. How do i file my 2012 taxes late Example 3. How do i file my 2012 taxes late While working in the private practice of psychiatry, you enter a program to study and train at an accredited psychoanalytic institute. How do i file my 2012 taxes late The program will lead to qualifying you to practice psychoanalysis. How do i file my 2012 taxes late The psychoanalytic training does not qualify you for a new profession. How do i file my 2012 taxes late It is qualifying work-related education because it maintains or improves skills required in your present profession. How do i file my 2012 taxes late Bar or CPA Review Course Review courses to prepare for the bar examination or the certified public accountant (CPA) examination are not qualifying work-related education. How do i file my 2012 taxes late They are part of a program of study that can qualify you for a new profession. How do i file my 2012 taxes late Teaching and Related Duties All teaching and related duties are considered the same general kind of work. How do i file my 2012 taxes late A change in duties in any of the following ways is not considered a change to a new business. How do i file my 2012 taxes late Elementary school teacher to secondary school teacher. How do i file my 2012 taxes late Teacher of one subject, such as biology, to teacher of another subject, such as art. How do i file my 2012 taxes late Classroom teacher to guidance counselor. How do i file my 2012 taxes late Classroom teacher to school administrator. How do i file my 2012 taxes late What Expenses Can Be Deducted If your education meets the requirements described earlier under Qualifying Work-Related Education , you can generally deduct your education expenses as business expenses. How do i file my 2012 taxes late If you are not self-employed, you can deduct business expenses only if you itemize your deductions. How do i file my 2012 taxes late You cannot deduct expenses related to tax-exempt and excluded income. How do i file my 2012 taxes late Deductible expenses. How do i file my 2012 taxes late   The following education expenses can be deducted. How do i file my 2012 taxes late Tuition, books, supplies, lab fees, and similar items. How do i file my 2012 taxes late Certain transportation and travel costs. How do i file my 2012 taxes late Other education expenses, such as costs of research and typing when writing a paper as part of an educational program. How do i file my 2012 taxes late Nondeductible expenses. How do i file my 2012 taxes late   You cannot deduct personal or capital expenses. How do i file my 2012 taxes late For example, you cannot deduct the dollar value of vacation time or annual leave you take to attend classes. How do i file my 2012 taxes late This amount is a personal expense. How do i file my 2012 taxes late Unclaimed reimbursement. How do i file my 2012 taxes late   If you do not claim reimbursement that you are entitled to receive from your employer, you cannot deduct the expenses that apply to that unclaimed reimbursement. How do i file my 2012 taxes late Example. How do i file my 2012 taxes late Your employer agrees to pay your education expenses if you file a voucher showing your expenses. How do i file my 2012 taxes late You do not file a voucher, and you do not get reimbursed. How do i file my 2012 taxes late Because you did not file a voucher, you cannot deduct the expenses on your tax return. How do i file my 2012 taxes late Transportation Expenses If your education qualifies, you can deduct local transportation costs of going directly from work to school. How do i file my 2012 taxes late If you are regularly employed and go to school on a temporary basis, you can also deduct the costs of returning from school to home. How do i file my 2012 taxes late Temporary basis. How do i file my 2012 taxes late   You go to school on a temporary basis if either of the following situations applies to you. How do i file my 2012 taxes late Your attendance at school is realistically expected to last 1 year or less and does indeed last for 1 year or less. How do i file my 2012 taxes late Initially, your attendance at school is realistically expected to last 1 year or less, but at a later date your attendance is reasonably expected to last more than 1 year. How do i file my 2012 taxes late Your attendance is temporary up to the date you determine it will last more than 1 year. How do i file my 2012 taxes late Note. How do i file my 2012 taxes late If you are in either situation (1) or (2), your attendance is not temporary if facts and circumstances indicate otherwise. How do i file my 2012 taxes late Attendance not on a temporary basis. How do i file my 2012 taxes late   You do not go to school on a temporary basis if either of the following situations apply to you. How do i file my 2012 taxes late Your attendance at school is realistically expected to last more than 1 year. How do i file my 2012 taxes late It does not matter how long you actually attend. How do i file my 2012 taxes late Initially, your attendance at school is realistically expected to last 1 year or less, but at a later date your attendance is reasonably expected to last more than 1 year. How do i file my 2012 taxes late Your attendance is not temporary after the date you determine it will last more than 1 year. How do i file my 2012 taxes late Deductible Transportation Expenses If you are regularly employed and go directly from home to school on a temporary basis, you can deduct the round-trip costs of transportation between your home and school. How do i file my 2012 taxes late This is true regardless of the location of the school, the distance traveled, or whether you attend school on nonwork days. How do i file my 2012 taxes late Transportation expenses include the actual costs of bus, subway, cab, or other fares, as well as the costs of using your car. How do i file my 2012 taxes late Transportation expenses do not include amounts spent for travel, meals, or lodging while you are away from home overnight. How do i file my 2012 taxes late Example 1. How do i file my 2012 taxes late You regularly work in a nearby town, and go directly from work to home. How do i file my 2012 taxes late You also attend school every work night for 3 months to take a course that improves your job skills. How do i file my 2012 taxes late Since you are attending school on a temporary basis, you can deduct your daily round-trip transportation expenses in going between home and school. How do i file my 2012 taxes late This is true regardless of the distance traveled. How do i file my 2012 taxes late Example 2. How do i file my 2012 taxes late Assume the same facts as in Example 1 except that on certain nights you go directly from work to school and then home. How do i file my 2012 taxes late You can deduct your transportation expenses from your regular work site to school and then home. How do i file my 2012 taxes late Example 3. How do i file my 2012 taxes late Assume the same facts as in Example 1 except that you attend the school for 9 months on Saturdays, nonwork days. How do i file my 2012 taxes late Since you are attending school on a temporary basis, you can deduct your round-trip transportation expenses in going between home and school. How do i file my 2012 taxes late Example 4. How do i file my 2012 taxes late Assume the same facts as in Example 1 except that you attend classes twice a week for 15 months. How do i file my 2012 taxes late Since your attendance in school is not considered temporary, you cannot deduct your transportation expenses in going between home and school. How do i file my 2012 taxes late If you go directly from work to school, you can deduct the one-way transportation expenses of going from work to school. How do i file my 2012 taxes late If you go from work to home to school and return home, your transportation expenses cannot be more than if you had gone directly from work to school. How do i file my 2012 taxes late Using your car. How do i file my 2012 taxes late   If you use your car (whether you own or lease it) for transportation to school, you can deduct your actual expenses or use the standard mileage rate to figure the amount you can deduct. How do i file my 2012 taxes late The standard mileage rate for miles driven from January 1, 2013, through December 31, 2013 is 56½ cents per mile. How do i file my 2012 taxes late Whichever method you use, you can also deduct parking fees and tolls. How do i file my 2012 taxes late See chapter 26 for information on deducting your actual expenses of using a car. How do i file my 2012 taxes late Travel Expenses You can deduct expenses for travel, meals (see 50% limit on meals , later), and lodging if you travel overnight mainly to obtain qualifying work-related education. How do i file my 2012 taxes late Travel expenses for qualifying work-related education are treated the same as travel expenses for other employee business purposes. How do i file my 2012 taxes late For more information, see chapter 26. How do i file my 2012 taxes late You cannot deduct expenses for personal activities, such as sightseeing, visiting, or entertaining. How do i file my 2012 taxes late Mainly personal travel. How do i file my 2012 taxes late   If your travel away from home is mainly personal, you cannot deduct all of your expenses for travel, meals, and lodging. How do i file my 2012 taxes late You can deduct only your expenses for lodging and 50% of your expenses for meals during the time you attend the qualified educational activities. How do i file my 2012 taxes late   Whether a trip's purpose is mainly personal or educational depends upon the facts and circumstances. How do i file my 2012 taxes late An important factor is the comparison of time spent on personal activities with time spent on educational activities. How do i file my 2012 taxes late If you spend more time on personal activities, the trip is considered mainly educational only if you can show a substantial nonpersonal reason for traveling to a particular location. How do i file my 2012 taxes late Example 1. How do i file my 2012 taxes late John works in Newark, New Jersey. How do i file my 2012 taxes late He traveled to Chicago to take a deductible 1-week course at the request of his employer. How do i file my 2012 taxes late His main reason for going to Chicago was to take the course. How do i file my 2012 taxes late While there, he took a sight-seeing trip, entertained some friends, and took a side trip to Pleasantville for a day. How do i file my 2012 taxes late Since the trip was mainly for business, John can deduct his round-trip airfare to Chicago. How do i file my 2012 taxes late He cannot deduct his transportation expenses of going to Pleasantville. How do i file my 2012 taxes late He can deduct only the meals (subject to the 50% limit) and lodging connected with his educational activities. How do i file my 2012 taxes late Example 2. How do i file my 2012 taxes late Sue works in Boston. How do i file my 2012 taxes late She went to a university in Michigan to take a course for work. How do i file my 2012 taxes late The course is qualifying work-related education. How do i file my 2012 taxes late She took one course, which is one-fourth of a full course load of study. How do i file my 2012 taxes late She spent the rest of the time on personal activities. How do i file my 2012 taxes late Her reasons for taking the course in Michigan were all personal. How do i file my 2012 taxes late Sue's trip is mainly personal because three-fourths of her time is considered personal time. How do i file my 2012 taxes late She cannot deduct the cost of her round-trip train ticket to Michigan. How do i file my 2012 taxes late She can deduct one-fourth of the meals (subject to the 50% limit) and lodging costs for the time she attended the university. How do i file my 2012 taxes late Example 3. How do i file my 2012 taxes late Dave works in Nashville and recently traveled to California to take a 2-week seminar. How do i file my 2012 taxes late The seminar is qualifying work-related education. How do i file my 2012 taxes late While there, he spent an extra 8 weeks on personal activities. How do i file my 2012 taxes late The facts, including the extra 8-week stay, show that his main purpose was to take a vacation. How do i file my 2012 taxes late Dave cannot deduct his round-trip airfare or his meals and lodging for the 8 weeks. How do i file my 2012 taxes late He can deduct only his expenses for meals (subject to the 50% limit) and lodging for the 2 weeks he attended the seminar. How do i file my 2012 taxes late Cruises and conventions. How do i file my 2012 taxes late   Certain cruises and conventions offer seminars or courses as part of their itinerary. How do i file my 2012 taxes late Even if the seminars or courses are work-related, your deduction for travel may be limited. How do i file my 2012 taxes late This applies to: Travel by ocean liner, cruise ship, or other form of luxury water transportation, and Conventions outside the North American area. How do i file my 2012 taxes late   For a discussion of the limits on travel expense deductions that apply to cruises and conventions, see Luxury Water Travel and Conventions in chapter 1 of Publication 463. How do i file my 2012 taxes late 50% limit on meals. How do i file my 2012 taxes late   You can deduct only 50% of the cost of your meals while traveling away from home to obtain qualifying work-related education. How do i file my 2012 taxes late You cannot have been reimbursed for the meals. How do i file my 2012 taxes late   Employees must use Form 2106 or Form 2106-EZ to apply the 50% limit. How do i file my 2012 taxes late Travel as Education You cannot deduct the cost of travel as a form of education even if it is directly related to your duties in your work or business. How do i file my 2012 taxes late Example. How do i file my 2012 taxes late You are a French language teacher. How do i file my 2012 taxes late While on sabbatical leave granted for travel, you traveled through France to improve your knowledge of the French language. How do i file my 2012 taxes late You chose your itinerary and most of your activities to improve your French language skills. How do i file my 2012 taxes late You cannot deduct your travel expenses as education expenses. How do i file my 2012 taxes late This is true even if you spent most of your time learning French by visiting French schools and families, attending movies or plays, and engaging in similar activities. How do i file my 2012 taxes late No Double Benefit Allowed You cannot do either of the following. How do i file my 2012 taxes late Deduct work-related education expenses as business expenses if you benefit from these expenses under any other provision of the law, for example, the tuition and fees deduction (see chapter 35). How do i file my 2012 taxes late Deduct work-related education expenses paid with tax-free scholarship, grant, or employer-provided educational assistance. How do i file my 2012 taxes late See Adjustments to Qualifying Work-Related Education Expenses , next. How do i file my 2012 taxes late Adjustments to Qualifying Work-Related Education Expenses If you pay qualifying work-related education expenses with certain tax-free funds, you cannot claim a deduction for those amounts. How do i file my 2012 taxes late You must reduce the qualifying expenses by the amount of such expenses allocable to the tax-free educational assistance. How do i file my 2012 taxes late For more information, see chapter 12 of Publication 970. How do i file my 2012 taxes late Tax-free educational assistance includes: The tax-free part of scholarships and fellowships (see chapter 1 of Publication 970), The tax-free part of Pell grants (see chapter 1 of Publication 970), The tax-free part of 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 for education assistance. How do i file my 2012 taxes late Amounts that do not reduce qualifying work-related education expenses. How do i file my 2012 taxes late   Do not reduce the qualifying work-related 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. How do i file my 2012 taxes late   Also, do not reduce the qualifying work-related education expenses by any scholarship or fellowship reported as income on the student's return or any scholarship which, by its terms, cannot be applied to qualifying work-related education expenses. How do i file my 2012 taxes late Reimbursements How you treat reimbursements depends on the arrangement you have with your employer. How do i file my 2012 taxes late There are two basic types of reimbursement arrangements—accountable plans and nonaccountable plans. How do i file my 2012 taxes late You can tell the type of plan you are reimbursed under by the way the reimbursement is reported on your Form W-2. How do i file my 2012 taxes late For information on how to treat reimbursements under both accountable and nonaccountable plans, see Reimbursements in chapter 26. How do i file my 2012 taxes late Deducting Business Expenses Self-employed persons and employees report business expenses differently. How do i file my 2012 taxes late The following information explains what forms you must use to deduct the cost of your qualifying work-related education as a business expense. How do i file my 2012 taxes late Self-Employed Persons If you are self-employed, report the cost of your qualifying work-related education on the appropriate form used to report your business income and expenses (generally Schedule C, C-EZ, or F). How do i file my 2012 taxes late If your educational expenses include expenses for a car or truck, travel, or meals, report those expenses the same way you report other business expenses for those items. How do i file my 2012 taxes late See the instructions for the form you file for information on how to complete it. How do i file my 2012 taxes late Employees If you are an employee, you can deduct the cost of qualifying work-related education only if you: Did not receive (and were not entitled to receive) any reimbursement from your employer, Were reimbursed under a nonaccountable plan (amount is included in box 1 of Form W-2), or Received reimbursement under an accountable plan, but the amount received was less than your expenses for which you claimed reimbursement. How do i file my 2012 taxes late If either (1) or (2) applies, you can deduct the total qualifying cost. How do i file my 2012 taxes late If (3) applies, you can deduct only the qualifying costs that were more than your reimbursement. How do i file my 2012 taxes late In order to deduct the cost of your qualifying work-related education as a business expense, include the amount with your deduction for any other employee business expenses on Schedule A (Form 1040), line 21. How do i file my 2012 taxes late (Special rules for expenses of certain performing artists and fee-basis officials and for impairment-related work expenses are explained later. How do i file my 2012 taxes late ) This deduction (except for impairment-related work expenses of disabled individuals) is subject to the 2%-of-adjusted-gross-income limit that applies to most miscellaneous itemized deductions. How do i file my 2012 taxes late See chapter 28. How do i file my 2012 taxes late Form 2106 or 2106-EZ. How do i file my 2012 taxes late   To figure your deduction for employee business expenses, including qualifying work-related education, you generally must complete Form 2106 or Form 2106-EZ. How do i file my 2012 taxes late Form not required. How do i file my 2012 taxes late   Do not complete either Form 2106 or Form 2106-EZ if: If amounts included in box 1 of your Form W-2, are not considered reimbursements, and You are not claiming travel, transportation, meal, or entertainment expenses. How do i file my 2012 taxes late   If you meet both of these requirements, enter the expenses directly on Schedule A (Form 1040), line 21. How do i file my 2012 taxes late (Special rules for expenses of certain performing artists and fee-basis officials and for impairment-related work expenses are explained later. How do i file my 2012 taxes late ) Using Form 2106-EZ. How do i file my 2012 taxes late   This form is shorter and easier to use than Form 2106. How do i file my 2012 taxes late Generally, you can use this form if: All reimbursements, if any, are included in box 1 of your Form W-2, and You are using the standard mileage rate if you are claiming vehicle expenses. How do i file my 2012 taxes late   If you do not meet both of these requirements, use Form 2106. How do i file my 2012 taxes late Performing Artists and Fee-Basis Officials If you are a qualified performing artist, or a state (or local) government official who is paid in whole or in part on a fee basis, you can deduct the cost of your qualifying work-related education as an adjustment to gross income rather than as an itemized deduction. How do i file my 2012 taxes late Include the cost of your qualifying work-related education with any other employee business expenses on Form 1040, line 24. How do i file my 2012 taxes late You do not have to itemize your deductions on Schedule A (Form 1040), and, therefore, the deduction is not subject to the 2%-of-adjusted-gross-income limit. How do i file my 2012 taxes late You must complete Form 2106 or 2106-EZ to figure your deduction, even if you meet the requirements described earlier under Form not required . How do i file my 2012 taxes late For more information on qualified performing artists, see chapter 6 of Publication 463. How do i file my 2012 taxes late Impairment-Related Work Expenses If you are disabled and have impairment-related work expenses that are necessary for you to be able to get qualifying work-related education, you can deduct these expenses on Schedule A (Form 1040), line 28. How do i file my 2012 taxes late They are not subject to the 2%-of-adjusted-gross-income limit. How do i file my 2012 taxes late To deduct these expenses, you must complete Form 2106 or 2106-EZ even if you meet the requirements described earlier under Form not required . How do i file my 2012 taxes late For more information on impairment-related work expenses, see chapter 6 of Publication 463. How do i file my 2012 taxes late Recordkeeping You must keep records as proof of any deduction claimed on your tax return. How do i file my 2012 taxes late Generally, you should keep your records for 3 years from the date of filing the tax return and claiming the deduction. How do i file my 2012 taxes late For specific information about keeping records of business expenses, see Recordkeeping in chapter 26. How do i file my 2012 taxes late Prev  Up  Next   Home   More Online Publications
Print - Click this link to Print this page

Program and Emphasis Areas for IRS Criminal Investigation

Criminal Investigation (CI) classifies its investigations into program and emphasis areas of fraud. Each program area below contains information on CI's involvement in that area, national statistics, and case summaries.

Abusive Return Preparer Enforcement

Return preparer fraud generally involves the orchestrated preparation and filing of false income tax returns (in either paper or electronic form) by unscrupulous preparers who may claim, for example: inflated personal or business expenses, false deductions, unallowable credits or excessive exemptions.

Abusive Tax Schemes

Abusive tax scheme originally took the structure of abusive domestic and foreign trust arrangements. However, these schemes have evolved into sophisticated arrangements that take advantage of the financial secrecy laws of some foreign jurisdictions and the availability of credit/debit cards issued from offshore financial institutions.

Bankruptcy Fraud

One of Criminal Investigation's goals in bankruptcy fraud investigations is to increase voluntary compliance with federal tax laws through the prosecution of those committing significant crimes in the bankruptcy arena. Since the IRS is often a major creditor in many bankruptcy proceedings, it is important that we protect the interests of the IRS.

Corporate Fraud

Corporate fraud frequently involves violations of the Internal Revenue Code (IRC) through falsification of corporate and individual tax returns and CI has exclusive investigatory jurisdiction over criminal violations of the IRC.

Employment Tax Enforcement

Employment tax evasion schemes can take a variety of forms. Some of the more prevalent methods of evasion include pyramiding, employee leasing, paying employees in cash, filing false payroll tax returns or failing to file payroll tax returns. Evading employment taxes can have serious consequences for employers and the employees.

Financial Institution Fraud

Criminal Investigation focuses on tax and money laundering violations involving fraud against banks, savings and loan associations, credit unions, check cashers, money remitters, and other financial institutions. Currency Transaction Reports and Suspicious Activity Reports continue to be effective investigative tools in the financial world.

Gaming

Illegal gaming operations, including bookmaking, numbers, Internet and some charitable gaming operations, continue to be areas of compliance concern. Criminal Investigation continues to play an enforcement role in the illegal gaming industry and to support regulatory and legislative initiatives aimed at eliminating an environment conducive to illegal gambling.

General Fraud Investigations

Criminal Investigation special agents investigate violations of the tax laws and related financial crimes. Taxpayers who chose to willfully and intentionally not comply with their legal responsibility to file required tax returns and/or pay taxes pose a serious threat to tax administration and the American economy.

Healthcare Fraud

Multi-agency healthcare fraud investigations and prosecutions show that perpetrators of these schemes financially benefited from their fraudulent activities in false billings, mental health, nursing home fraud, chiropractic fraud, durable medical equipment fraud, staged accidents, pharmaceutical diversion, and patient referral (kickbacks) schemes. In these investigations, Criminal Investigation follows the money trail and considers both tax and money laundering perspectives.

Identity Theft Schemes

IRS Criminal Investigation (CI) detects and investigates tax fraud and other financial fraud, including fraud related to identity theft.

Insurance Fraud

Insurance Fraud can involve tax law and/or money laundering violations relative to insurance claims and fraud perpetrated against insurance companies. The variety of schemes include agent/broker premium diversion, phony insurance companies, offshore/unlicensed Internet companies, staged auto accidents, viatical and senior settlement.

International Investigations

International tax compliance is a top priority of the IRS. Complex international tax avoidance schemes and cross-border transactions have heightened the IRS’ concern about tax compliance. Individuals may attempt to use foreign accounts, trusts, and other entities to commit criminal violations of U.S. tax laws as well as narcotics, money laundering and Bank Secrecy Act (BSA) violations. 

Money Laundering & Bank Secrecy Act (BSA)

Money laundering is a very complex crime involving intricate details, often involving numerous financial transactions and financial outlets throughout the world.  Criminal Investigation has the financial investigators and expertise that is critical to “follow the money trail.”

Mortgage & Real Estate Fraud

The income earned from mortgage and real estate fraud schemes is often not reported on tax returns or is laundered to hide the money from the government. 

Narcotics-Related Investigations

Criminal Investigation's contribution to the war on narcotics is vital but sometimes difficult to recognize, because the work of IRS special agents usually doesn't make the headlines. The long hours of tracking down and documenting financial leads allows an investigation to go right to the door of the leader of the narcotics organization, which contributes to the disrupting and dismantling the country's major drug and money laundering organizations.

Non-filer Enforcement

There have always been individuals who, for a variety of reasons, argue taxes are voluntary or illegal. The courts have repeatedly rejected their arguments as frivolous and routinely impose financial penalties for raising such frivolous arguments. Take the time to learn the truth about frivolous tax arguments.

Public Corruption Crimes

Public corruption investigations encompass a wide variety of criminal offenses including bribery, extortion, embezzlement, illegal kickbacks, entitlement and subsidy fraud, bank fraud, tax fraud, and money laundering. Criminal Investigation concentrates its resources on the tax and money laundering aspects of these investigations in cooperation with other federal, state, and local law enforcement agencies. The expertise used in investigations has established our reputation as one of the leaders in the fight against corrupt public officials.

Questionable Refund Program (QRP)

Questionable Refund Program (QRP) is a nationwide, multifunctional program designed to identify fraudulent returns, to stop the payment of fraudulent refunds and to refer identified fraudulent refund schemes to be investigated and prosecuted criminally.

 


Criminal Enforcement Home Page

How to Report Suspected Tax Fraud Activities

Page Last Reviewed or Updated: 05-Sep-2013

The How Do I File My 2012 Taxes Late

How do i file my 2012 taxes late Publication 939 - Main Content Table of Contents General Information Taxation of Periodic PaymentsInvestment in the Contract Expected Return Computation Under the General Rule How To Use Actuarial TablesUnisex Annuity Tables Special Elections Worksheets for Determining Taxable Annuity Actuarial Tables Requesting a Ruling on Taxation of Annuity How To Get Tax HelpLow Income Taxpayer Clinics General Information Some of the terms used in this publication are defined in the following paragraphs. How do i file my 2012 taxes late A pension is generally a series of payments made to you after you retire from work. How do i file my 2012 taxes late Pension payments are made regularly and are for past services with an employer. How do i file my 2012 taxes late An annuity is a series of payments under a contract. How do i file my 2012 taxes late You can buy the contract alone or you can buy it with the help of your employer. How do i file my 2012 taxes late Annuity payments are made regularly for more than one full year. How do i file my 2012 taxes late Note. How do i file my 2012 taxes late Distributions from pensions and annuities follow the same rules as outlined in this publication unless otherwise noted. How do i file my 2012 taxes late Types of pensions and annuities. How do i file my 2012 taxes late   Particular types of pensions and annuities include: Fixed period annuities. How do i file my 2012 taxes late You receive definite amounts at regular intervals for a definite length of time. How do i file my 2012 taxes late Annuities for a single life. How do i file my 2012 taxes late You receive definite amounts at regular intervals for life. How do i file my 2012 taxes late The payments end at death. How do i file my 2012 taxes late Joint and survivor annuities. How do i file my 2012 taxes late The first annuitant receives a definite amount at regular intervals for life. How do i file my 2012 taxes late After he or she dies, a second annuitant receives a definite amount at regular intervals for life. How do i file my 2012 taxes late The amount paid to the second annuitant may or may not differ from the amount paid to the first annuitant. How do i file my 2012 taxes late Variable annuities. How do i file my 2012 taxes late You receive payments that may vary in amount for a definite length of time or for life. How do i file my 2012 taxes late The amounts you receive may depend upon such variables as profits earned by the pension or annuity funds or cost-of-living indexes. How do i file my 2012 taxes late Disability pensions. How do i file my 2012 taxes late You are under minimum retirement age and receive payments because you retired on disability. How do i file my 2012 taxes late If, at the time of your retirement, you were permanently and totally disabled, you may be eligible for the credit for the elderly or the disabled discussed in Publication 524. How do i file my 2012 taxes late If your annuity starting date is after November 18, 1996, the General Rule cannot be used for the following qualified plans. How do i file my 2012 taxes late A qualified employee plan is an employer's stock bonus, pension, or profit-sharing plan that is for the exclusive benefit of employees or their beneficiaries. How do i file my 2012 taxes late This plan must meet Internal Revenue Code requirements. How do i file my 2012 taxes late It qualifies for special tax benefits, including tax deferral for employer contributions and rollover distributions. How do i file my 2012 taxes late However, you must use the General Rule if you were 75 or over and the annuity payments are guaranteed for more than 5 years. How do i file my 2012 taxes late A qualified employee annuity is a retirement annuity purchased by an employer for an employee under a plan that meets Internal Revenue Code requirements. How do i file my 2012 taxes late A tax-sheltered annuity is a special annuity plan or contract purchased for an employee of a public school or tax-exempt organization. How do i file my 2012 taxes late   The General Rule is used to figure the tax treatment of various types of pensions and annuities, including nonqualified employee plans. How do i file my 2012 taxes late A nonqualified employee plan is an employer's plan that does not meet Internal Revenue Code requirements. How do i file my 2012 taxes late It does not qualify for most of the tax benefits of a qualified plan. How do i file my 2012 taxes late Annuity worksheets. How do i file my 2012 taxes late   The worksheets found near the end of the text of this publication may be useful to you in figuring the taxable part of your annuity. How do i file my 2012 taxes late Request for a ruling. How do i file my 2012 taxes late   If you are unable to determine the income tax treatment of your pension or annuity, you may ask the Internal Revenue Service to figure the taxable part of your annuity payments. How do i file my 2012 taxes late This is treated as a request for a ruling. How do i file my 2012 taxes late See Requesting a Ruling on Taxation of Annuity near the end of this publication. How do i file my 2012 taxes late Withholding tax and estimated tax. How do i file my 2012 taxes late   Your pension or annuity is subject to federal income tax withholding unless you choose not to have tax withheld. How do i file my 2012 taxes late If you choose not to have tax withheld from your pension or annuity, or if you do not have enough income tax withheld, you may have to make estimated tax payments. How do i file my 2012 taxes late Taxation of Periodic Payments This section explains how the periodic payments you receive under a pension or annuity plan are taxed under the General Rule. How do i file my 2012 taxes late Periodic payments are amounts paid at regular intervals (such as weekly, monthly, or yearly) for a period of time greater than one year (such as for 15 years or for life). How do i file my 2012 taxes late These payments are also known as amounts received as an annuity. How do i file my 2012 taxes late If you receive an amount from your plan that is a nonperiodic payment (amount not received as an annuity), see Taxation of Nonperiodic Payments in Publication 575. How do i file my 2012 taxes late In general, you can recover your net cost of the pension or annuity tax free over the period you are to receive the payments. How do i file my 2012 taxes late The amount of each payment that is more than the part that represents your net cost is taxable. How do i file my 2012 taxes late Under the General Rule, the part of each annuity payment that represents your net cost is in the same proportion that your investment in the contract is to your expected return. How do i file my 2012 taxes late These terms are explained in the following discussions. How do i file my 2012 taxes late Investment in the Contract In figuring how much of your pension or annuity is taxable under the General Rule, you must figure your investment in the contract. How do i file my 2012 taxes late First, find your net cost of the contract as of the annuity starting date (defined later). How do i file my 2012 taxes late To find this amount, you must first figure the total premiums, contributions, or other amounts paid. How do i file my 2012 taxes late This includes the amounts your employer contributed if you were required to include these amounts in income. How do i file my 2012 taxes late It also includes amounts you actually contributed (except amounts for health and accident benefits and deductible voluntary employee contributions). How do i file my 2012 taxes late From this total cost you subtract: Any refunded premiums, rebates, dividends, or unrepaid loans (any of which were not included in your income) that you received by the later of the annuity starting date or the date on which you received your first payment. How do i file my 2012 taxes late Any additional premiums paid for double indemnity or disability benefits. How do i file my 2012 taxes late Any other tax-free amounts you received under the contract or plan before the later of the dates in (1). How do i file my 2012 taxes late The annuity starting date   is the later of the first day of the first period for which you receive payment under the contract or the date on which the obligation under the contract becomes fixed. How do i file my 2012 taxes late Example. How do i file my 2012 taxes late On January 1 you completed all your payments required under an annuity contract providing for monthly payments starting on August 1, for the period beginning July 1. How do i file my 2012 taxes late The annuity starting date is July 1. How do i file my 2012 taxes late This is the date you use in figuring your investment in the contract and your expected return (discussed later). How do i file my 2012 taxes late Adjustments If any of the following items apply, adjust (add or subtract) your total cost to find your net cost. How do i file my 2012 taxes late Foreign employment. How do i file my 2012 taxes late   If you worked abroad, your cost may include contributions by your employer to the retirement plan, but only if those contributions would be excludible from your gross income had they been paid directly to you as compensation. How do i file my 2012 taxes late The contributions that apply are: Contributions before 1963 by your employer, Contributions after 1962 by your employer if the contributions would be excludible from your gross income (without regard to the foreign earned income exclusion) had they been paid directly to you, or Contributions after 1996 by your employer on your behalf if you performed the services of a foreign missionary (a duly ordained, commissioned, or licensed minister of a church or a lay person) if the contributions would be excludible from your gross income had they been paid directly to you. How do i file my 2012 taxes late Foreign employment contributions while a nonresident alien. How do i file my 2012 taxes late   In determining your cost, special rules apply if you are a U. How do i file my 2012 taxes late S. How do i file my 2012 taxes late citizen or resident alien who received distributions from a plan to which contributions were made while you were a nonresident alien. How do i file my 2012 taxes late Your contributions and your employer's contributions are not included in your cost if the contributions: Were made based on compensation which was for services performed outside the United States which you were a nonresident alien, and Were not subject to income tax under the laws of the United States or any foreign country, but only if the contribution would have been subject to income tax if they had been paid as cash compensation when the services were performed. How do i file my 2012 taxes late Death benefit exclusion. How do i file my 2012 taxes late   If you are the beneficiary of a deceased employee (or former employee), who died before August 21, 1996, you may qualify for a death benefit exclusion of up to $5,000. How do i file my 2012 taxes late The beneficiary of a deceased employee who died after August 20, 1996, will not qualify for the death benefit exclusion. How do i file my 2012 taxes late How to adjust your total cost. How do i file my 2012 taxes late   If you are eligible, treat the amount of any allowable death benefit exclusion as additional cost paid by the employee. How do i file my 2012 taxes late Add it to the cost or unrecovered cost of the annuity at the annuity starting date. How do i file my 2012 taxes late See Example 3 under Computation Under General Rule for an illustration of the adjustment to the cost of the contract. How do i file my 2012 taxes late Net cost. How do i file my 2012 taxes late   Your total cost plus certain adjustments and minus other amounts already recovered before the annuity starting date is your net cost. How do i file my 2012 taxes late This is the unrecovered investment in the contract as of the annuity starting date. How do i file my 2012 taxes late If your annuity starting date is after 1986, this is the maximum amount that you may recover tax free under the contract. How do i file my 2012 taxes late Refund feature. How do i file my 2012 taxes late   Adjustment for the value of the refund feature is only applicable when you report your pension or annuity under the General Rule. How do i file my 2012 taxes late Your annuity contract has a refund feature if: The expected return ( discussed later) of an annuity depends entirely or partly on the life of one or more individuals, The contract provides that payments will be made to a beneficiary or the estate of an annuitant on or after the death of the annuitant if a stated amount or a stated number of payments has not been paid to the annuitant or annuitants before death, and The payments are a refund of the amount you paid for the annuity contract. How do i file my 2012 taxes late   If your annuity has a refund feature, you must reduce your net cost of the contract by the value of the refund feature (figured using Table III or VII at the end of this publication, also see How To Use Actuarial Tables , later) to find the investment in the contract. How do i file my 2012 taxes late Zero value of refund feature. How do i file my 2012 taxes late   For a joint and survivor annuity, the value of the refund feature is zero if: Both annuitants are age 74 or younger, The payments are guaranteed for less than 2½ years, and The survivor's annuity is at least 50% of the first annuitant's annuity. How do i file my 2012 taxes late   For a single-life annuity without survivor benefit, the value of the refund feature is zero if: The payments are guaranteed for less than 2½ years, and The annuitant is: Age 57 or younger (if using the new (unisex) annuity tables), Age 42 or younger (if male and using the old annuity tables), or Age 47 or younger (if female and using the old annuity tables). How do i file my 2012 taxes late   If you do not meet these requirements, you will have to figure the value of the refund feature, as explained in the following discussion. How do i file my 2012 taxes late Examples. How do i file my 2012 taxes late The first example shows how to figure the value of the refund feature when there is only one beneficiary. How do i file my 2012 taxes late Example 2 shows how to figure the value of the refund feature when the contract provides, in addition to a whole life annuity, one or more temporary life annuities for the lives of children. How do i file my 2012 taxes late In both examples, the taxpayer elects to use Tables V through VIII. How do i file my 2012 taxes late If you need the value of the refund feature for a joint and survivor annuity, write to the Internal Revenue Service as explained under Requesting a Ruling on Taxation of Annuity near the end of this publication. How do i file my 2012 taxes late Example 1. How do i file my 2012 taxes late At age 65, Barbara bought for $21,053 an annuity with a refund feature. How do i file my 2012 taxes late She will get $100 a month for life. How do i file my 2012 taxes late Barbara's contract provides that if she does not live long enough to recover the full $21,053, similar payments will be made to her surviving beneficiary until a total of $21,053 has been paid under the contract. How do i file my 2012 taxes late In this case, the contract cost and the total guaranteed return are the same ($21,053). How do i file my 2012 taxes late Barbara's investment in the contract is figured as follows: Net cost $21,053 Amount to be received annually $1,200   Number of years for which payment is guaranteed ($21,053 divided by $1,200) 17. How do i file my 2012 taxes late 54   Rounded to nearest whole number of years 18   Percentage from Actuarial Table VII for age 65 with 18 years of guaranteed payments 15%   Value of the refund feature (rounded to the nearest dollar)—15% of $21,053 3,158 Investment in the contract, adjusted for value of refund feature $17,895       If the total guaranteed return were less than the $21,053 net cost of the contract, Barbara would apply the appropriate percentage from the tables to the lesser amount. How do i file my 2012 taxes late For example, if the contract guaranteed the $100 monthly payments for 17 years to Barbara's estate or beneficiary if she were to die before receiving all the payments for that period, the total guaranteed return would be $20,400 ($100 × 12 × 17 years). How do i file my 2012 taxes late In this case, the value of the refund feature would be $2,856 (14% of $20,400) and Barbara's investment in the contract would be $18,197 ($21,053 minus $2,856) instead of $17,895. How do i file my 2012 taxes late Example 2. How do i file my 2012 taxes late John died while still employed. How do i file my 2012 taxes late His widow, Eleanor, age 48, receives $171 a month for the rest of her life. How do i file my 2012 taxes late John's son, Elmer, age 9, receives $50 a month until he reaches age 18. How do i file my 2012 taxes late John's contributions to the retirement fund totaled $7,559. How do i file my 2012 taxes late 45, with interest on those contributions of $1,602. How do i file my 2012 taxes late 53. How do i file my 2012 taxes late The guarantee or total refund feature of the contract is $9,161. How do i file my 2012 taxes late 98 ($7,559. How do i file my 2012 taxes late 45 plus $1,602. How do i file my 2012 taxes late 53). How do i file my 2012 taxes late The adjustment in the investment in the contract is figured as follows: A) Expected return:*       1) Widow's expected return:         Annual annuity ($171 × 12) $2,052       Multiplied by factor from Table V         (nearest age 48) 34. How do i file my 2012 taxes late 9 $71,614. How do i file my 2012 taxes late 80   2) Child's expected return:         Annual annuity ($50 × 12) $600       Multiplied by factor from         Table VIII (nearest age 9         for term of 9 years) 9. How do i file my 2012 taxes late 0 5,400. How do i file my 2012 taxes late 00   3) Total expected return   $77,014. How do i file my 2012 taxes late 80 B) Adjustment for refund feature:       1) Contributions (net cost) $7,559. How do i file my 2012 taxes late 45   2) Guaranteed amount (contributions of $7,559. How do i file my 2012 taxes late 45 plus interest of $1,602. How do i file my 2012 taxes late 53) $9,161. How do i file my 2012 taxes late 98   3) Minus: Expected return under child's (temporary life) annuity (A(2)) 5,400. How do i file my 2012 taxes late 00   4) Net guaranteed amount $3,761. How do i file my 2012 taxes late 98   5) Multiple from Table VII (nearest age 48 for 2 years duration (recovery of $3,761. How do i file my 2012 taxes late 98 at $171 a month to nearest whole year)) 0%   6) Adjustment required for value of refund feature rounded to the nearest whole dollar  (0% × $3,761. How do i file my 2012 taxes late 98, the smaller of B(3) or B(6)) 0 *Expected return is the total amount you and other eligible annuitants can expect to receive under the contract. How do i file my 2012 taxes late See the discussion of expected return, later in this publication. How do i file my 2012 taxes late Free IRS help. How do i file my 2012 taxes late   If you need to request assistance to figure the value of the refund feature, see Requesting a Ruling on Taxation of Annuity near the end of this publication. How do i file my 2012 taxes late Expected Return Your expected return is the total amount you and other eligible annuitants can expect to receive under the contract. How do i file my 2012 taxes late The following discussions explain how to figure the expected return with each type of annuity. How do i file my 2012 taxes late A person's age, for purposes of figuring the expected return, is the age at the birthday nearest to the annuity starting date. How do i file my 2012 taxes late Fixed period annuity. How do i file my 2012 taxes late   If you will get annuity payments for a fixed number of years, without regard to your life expectancy, you must figure your expected return based on that fixed number of years. How do i file my 2012 taxes late It is the total amount you will get beginning at the annuity starting date. How do i file my 2012 taxes late You will receive specific periodic payments for a definite period of time, such as a fixed number of months (but not less than 13). How do i file my 2012 taxes late To figure your expected return, multiply the fixed number of months for which payments are to be made by the amount of the payment specified for each period. How do i file my 2012 taxes late Single life annuity. How do i file my 2012 taxes late   If you are to get annuity payments for the rest of your life, find your expected return as follows. How do i file my 2012 taxes late You must multiply the amount of the annual payment by a multiple based on your life expectancy as of the annuity starting date. How do i file my 2012 taxes late These multiples are set out in actuarial Tables I and V near the end of this publication (see How To Use Actuarial Tables , later). How do i file my 2012 taxes late   You may need to adjust these multiples if the payments are made quarterly, semiannually, or annually. How do i file my 2012 taxes late See Adjustments to Tables I, II, V, VI, and VIA following Table I. How do i file my 2012 taxes late Example. How do i file my 2012 taxes late Henry bought an annuity contract that will give him an annuity of $500 a month for his life. How do i file my 2012 taxes late If at the annuity starting date Henry's nearest birthday is 66, the expected return is figured as follows: Annual payment ($500 × 12 months) $6,000 Multiple shown in Table V, age 66 × 19. How do i file my 2012 taxes late 2 Expected return $115,200 If the payments were to be made to Henry quarterly and the first payment was made one full month after the annuity starting date, Henry would adjust the 19. How do i file my 2012 taxes late 2 multiple by +. How do i file my 2012 taxes late 1. How do i file my 2012 taxes late His expected return would then be $115,800 ($6,000 × 19. How do i file my 2012 taxes late 3). How do i file my 2012 taxes late Annuity for shorter of life or specified period. How do i file my 2012 taxes late   With this type of annuity, you are to get annuity payments either for the rest of your life or until the end of a specified period, whichever period is shorter. How do i file my 2012 taxes late To figure your expected return, multiply the amount of your annual payment by a multiple in Table IV or VIII for temporary life annuities. How do i file my 2012 taxes late Find the proper multiple based on your sex (if using Table IV), your age at the annuity starting date, and the nearest whole number of years in the specified period. How do i file my 2012 taxes late Example. How do i file my 2012 taxes late Harriet purchased an annuity this year that will pay her $200 each month for five years or until she dies, whichever period is shorter. How do i file my 2012 taxes late She was age 65 at her birthday nearest the annuity starting date. How do i file my 2012 taxes late She figures the expected return as follows: Annual payment ($200 × 12 months) $2,400 Multiple shown in Table VIII, age 65, 5-year term × 4. How do i file my 2012 taxes late 9 Expected return $11,760 She uses Table VIII (not Table IV) because all her contributions were made after June 30, 1986. How do i file my 2012 taxes late See Special Elections, later. How do i file my 2012 taxes late Joint and survivor annuities. How do i file my 2012 taxes late   If you have an annuity that pays you a periodic income for life and after your death provides an identical lifetime periodic income to your spouse (or some other person), you figure the expected return based on your combined life expectancies. How do i file my 2012 taxes late To figure the expected return, multiply the annual payment by a multiple in Table II or VI based on your joint life expectancies. How do i file my 2012 taxes late If your payments are made quarterly, semiannually, or annually, you may need to adjust these multiples. How do i file my 2012 taxes late See Adjustments to Tables I, II, V, VI, and VIA following Table I near the end of this publication. How do i file my 2012 taxes late Example. How do i file my 2012 taxes late John bought a joint and survivor annuity providing payments of $500 a month for his life, and, after his death, $500 a month for the remainder of his wife's life. How do i file my 2012 taxes late At John's annuity starting date, his age at his nearest birthday is 70 and his wife's at her nearest birthday is 67. How do i file my 2012 taxes late The expected return is figured as follows: Annual payment ($500 × 12 months) $6,000 Multiple shown in Table VI, ages 67 and 70 × 22. How do i file my 2012 taxes late 0 Expected return $132,000 Different payments to survivor. How do i file my 2012 taxes late   If your contract provides that payments to a survivor annuitant will be different from the amount you receive, you must use a computation which accounts for both the joint lives of the annuitants and the life of the survivor. How do i file my 2012 taxes late Example 1. How do i file my 2012 taxes late Gerald bought a contract providing for payments to him of $500 a month for life and, after his death, payments to his wife, Mary, of $350 a month for life. How do i file my 2012 taxes late If, at the annuity starting date, Gerald's nearest birthday is 70 and Mary's is 67, the expected return under the contract is figured as follows: Combined multiple for Gerald and Mary, ages 70 and 67 (from Table VI)   22. How do i file my 2012 taxes late 0 Multiple for Gerald, age 70 (from Table V)   16. How do i file my 2012 taxes late 0 Difference: Multiple applicable to Mary   6. How do i file my 2012 taxes late 0 Gerald's annual payment ($500 × 12) $6,000   Gerald's multiple 16. How do i file my 2012 taxes late 0   Gerald's expected return   $96,000 Mary's annual payment ($350 × 12) $4,200   Mary's multiple 6. How do i file my 2012 taxes late 0   Mary's expected return   25,200 Total expected return under the contract   $121,200 Example 2. How do i file my 2012 taxes late Your husband died while still employed. How do i file my 2012 taxes late Under the terms of his employer's retirement plan, you are entitled to get an immediate annuity of $400 a month for the rest of your life or until you remarry. How do i file my 2012 taxes late Your daughters, Marie and Jean, are each entitled to immediate temporary life annuities of $150 a month until they reach age 18. How do i file my 2012 taxes late You were 50 years old at the annuity starting date. How do i file my 2012 taxes late Marie was 16 and Jean was 14. How do i file my 2012 taxes late Using the multiples shown in Tables V and VIII at the end of this publication, the total expected return on the annuity starting date is $169,680, figured as follows: Widow, age 50 (multiple from Table V—33. How do i file my 2012 taxes late 1 × $4,800 annual payment) $158,880 Marie, age 16 for 2 years duration (multiple from Table VIII—2. How do i file my 2012 taxes late 0 × $1,800 annual payment) 3,600 Jean, age 14 for 4 years duration (multiple from Table VIII—4. How do i file my 2012 taxes late 0 × $1,800 annual payment) 7,200 Total expected return $169,680 No computation of expected return is made based on your husband's age at the date of death because he died before the annuity starting date. How do i file my 2012 taxes late Computation Under the General Rule Note. How do i file my 2012 taxes late Variable annuities use a different computation for determining the exclusion amounts. How do i file my 2012 taxes late See Variable annuities later. How do i file my 2012 taxes late Under the General Rule, you figure the taxable part of your annuity by using the following steps: Step 1. How do i file my 2012 taxes late   Figure the amount of your investment in the contract, including any adjustments for the refund feature and the death benefit exclusion, if applicable. How do i file my 2012 taxes late See Death benefit exclusion , earlier. How do i file my 2012 taxes late Step 2. How do i file my 2012 taxes late   Figure your expected return. How do i file my 2012 taxes late Step 3. How do i file my 2012 taxes late   Divide Step 1 by Step 2 and round to three decimal places. How do i file my 2012 taxes late This will give you the exclusion percentage. How do i file my 2012 taxes late Step 4. How do i file my 2012 taxes late   Multiply the exclusion percentage by the first regular periodic payment. How do i file my 2012 taxes late The result is the tax-free part of each pension or annuity payment. How do i file my 2012 taxes late   The tax-free part remains the same even if the total payment increases due to variation in the annuity amount such as cost of living increases, or you outlive the life expectancy factor used. How do i file my 2012 taxes late However, if your annuity starting date is after 1986, the total amount of annuity income that is tax free over the years cannot exceed your net cost. How do i file my 2012 taxes late   Each annuitant applies the same exclusion percentage to his or her initial payment called for in the contract. How do i file my 2012 taxes late Step 5. How do i file my 2012 taxes late   Multiply the tax-free part of each payment (step 4) by the number of payments received during the year. How do i file my 2012 taxes late This will give you the tax-free part of the total payment for the year. How do i file my 2012 taxes late    In the first year of your annuity, your first payment or part of your first payment may be for a fraction of the payment period. How do i file my 2012 taxes late This fractional amount is multiplied by your exclusion percentage to get the tax-free part. How do i file my 2012 taxes late Step 6. How do i file my 2012 taxes late   Subtract the tax-free part from the total payment you received. How do i file my 2012 taxes late The rest is the taxable part of your pension or annuity. How do i file my 2012 taxes late Example 1. How do i file my 2012 taxes late You purchased an annuity with an investment in the contract of $10,800. How do i file my 2012 taxes late Under its terms, the annuity will pay you $100 a month for life. How do i file my 2012 taxes late The multiple for your age (age 65) is 20. How do i file my 2012 taxes late 0 as shown in Table V. How do i file my 2012 taxes late Your expected return is $24,000 (20 × 12 × $100). How do i file my 2012 taxes late Your cost of $10,800, divided by your expected return of $24,000, equals 45. How do i file my 2012 taxes late 0%. How do i file my 2012 taxes late This is the percentage you will not have to include in income. How do i file my 2012 taxes late Each year, until your net cost is recovered, $540 (45% of $1,200) will be tax free and you will include $660 ($1,200 − $540) in your income. How do i file my 2012 taxes late If you had received only six payments of $100 ($600) during the year, your exclusion would have been $270 (45% of $100 × 6 payments). How do i file my 2012 taxes late Example 2. How do i file my 2012 taxes late Gerald bought a joint and survivor annuity. How do i file my 2012 taxes late Gerald's investment in the contract is $62,712 and the expected return is $121,200. How do i file my 2012 taxes late The exclusion percentage is 51. How do i file my 2012 taxes late 7% ($62,712 ÷ $121,200). How do i file my 2012 taxes late Gerald will receive $500 a month ($6,000 a year). How do i file my 2012 taxes late Each year, until his net cost is recovered, $3,102 (51. How do i file my 2012 taxes late 7% of his total payments received of $6,000) will be tax free and $2,898 ($6,000 − $3,102) will be included in his income. How do i file my 2012 taxes late If Gerald dies, his wife will receive $350 a month ($4,200 a year). How do i file my 2012 taxes late If Gerald had not recovered all of his net cost before his death, his wife will use the same exclusion percentage (51. How do i file my 2012 taxes late 7%). How do i file my 2012 taxes late Each year, until the entire net cost is recovered, his wife will receive $2,171. How do i file my 2012 taxes late 40 (51. How do i file my 2012 taxes late 7% of her payments received of $4,200) tax free. How do i file my 2012 taxes late She will include $2,028. How do i file my 2012 taxes late 60 ($4,200 − $2,171. How do i file my 2012 taxes late 40) in her income tax return. How do i file my 2012 taxes late Example 3. How do i file my 2012 taxes late Using the same facts as Example 2 under Different payments to survivor, you are to receive an annual annuity of $4,800 until you die or remarry. How do i file my 2012 taxes late Your two daughters each receive annual annuities of $1,800 until they reach age 18. How do i file my 2012 taxes late Your husband contributed $25,576 to the plan. How do i file my 2012 taxes late You are eligible for the $5,000 death benefit exclusion because your husband died before August 21, 1996. How do i file my 2012 taxes late Adjusted Investment in the Contract Contributions $25,576 Plus: Death benefit exclusion 5,000 Adjusted investment in the contract $30,576 The total expected return, as previously figured (in Example 2 under Different payments to survivor), is $169,680. How do i file my 2012 taxes late The exclusion percentage of 18. How do i file my 2012 taxes late 0% ($30,576 ÷ $169,680) applies to the annuity payments you and each of your daughters receive. How do i file my 2012 taxes late Each full year $864 (18. How do i file my 2012 taxes late 0% × $4,800) will be tax free to you, and you must include $3,936 in your income tax return. How do i file my 2012 taxes late Each year, until age 18, $324 (18. How do i file my 2012 taxes late 0% × $1,800) of each of your daughters' payments will be tax free and each must include the balance, $1,476, as income on her own income tax return. How do i file my 2012 taxes late Part-year payments. How do i file my 2012 taxes late   If you receive payments for only part of a year, apply the exclusion percentage to the first regular periodic payment, and multiply the result by the number of payments received during the year. How do i file my 2012 taxes late   If you receive amounts during the year that represent 12 payments, one for each month in that year, and an amount that represents payments for months in a prior year, apply the exclusion percentage to the first regular periodic payment, and multiply the result by the number of payments the amounts received represent. How do i file my 2012 taxes late For instance, if you received amounts during the year that represent the 12 payments for that year plus an amount that represents three payments for a prior year, multiply that amount by the 15 (12 + 3) payments received that the year. How do i file my 2012 taxes late   If you received a fractional payment, follow Step 5, discussed earlier. How do i file my 2012 taxes late This gives you the tax-free part of your total payment. How do i file my 2012 taxes late Example. How do i file my 2012 taxes late On September 28, Mary bought an annuity contract for $22,050 that will give her $125 a month for life, beginning October 30. How do i file my 2012 taxes late The applicable multiple from Table V is 23. How do i file my 2012 taxes late 3 (age 61). How do i file my 2012 taxes late Her expected return is $34,950 ($125 × 12 × 23. How do i file my 2012 taxes late 3). How do i file my 2012 taxes late Mary's investment in the contract of $22,050, divided by her expected return of $34,950, equals 63. How do i file my 2012 taxes late 1%. How do i file my 2012 taxes late Each payment received will consist of 63. How do i file my 2012 taxes late 1% return of cost and 36. How do i file my 2012 taxes late 9% taxable income, until her net cost of the contract is fully recovered. How do i file my 2012 taxes late During the first year, Mary received three payments of $125, or $375, of which $236. How do i file my 2012 taxes late 63 (63. How do i file my 2012 taxes late 1% × $375) is a return of cost. How do i file my 2012 taxes late The remaining $138. How do i file my 2012 taxes late 37 is included in income. How do i file my 2012 taxes late Increase in annuity payments. How do i file my 2012 taxes late   The tax-free amount remains the same as the amount figured at the annuity starting date, even if the payment increases. How do i file my 2012 taxes late All increases in the installment payments are fully taxable. How do i file my 2012 taxes late   However, if your annuity payments are scheduled to increase at a definite date in the future you must figure the expected return for that annuity using the method described in section 1. How do i file my 2012 taxes late 72-5(a)(5) of the regulations. How do i file my 2012 taxes late Example. How do i file my 2012 taxes late Joe's wife died while she was still employed and, as her beneficiary, he began receiving an annuity of $147 per month. How do i file my 2012 taxes late In figuring the taxable part, Joe elects to use Tables V through VIII. How do i file my 2012 taxes late The cost of the contract was $7,938, consisting of the sum of his wife's net contributions, adjusted for any refund feature. How do i file my 2012 taxes late His expected return as of the annuity starting date is $35,280 (age 65, multiple of 20. How do i file my 2012 taxes late 0 × $1,764 annual payment). How do i file my 2012 taxes late The exclusion percentage is $7,938 ÷ $35,280, or 22. How do i file my 2012 taxes late 5%. How do i file my 2012 taxes late During the year he received 11 monthly payments of $147, or $1,617. How do i file my 2012 taxes late Of this amount, 22. How do i file my 2012 taxes late 5% × $147 × 11 ($363. How do i file my 2012 taxes late 83) is tax free as a return of cost and the balance of $1,253. How do i file my 2012 taxes late 17 is taxable. How do i file my 2012 taxes late Later, because of a cost-of-living increase, his annuity payment was increased to $166 per month, or $1,992 a year (12 × $166). How do i file my 2012 taxes late The tax-free part is still only 22. How do i file my 2012 taxes late 5% of the annuity payments as of the annuity starting date (22. How do i file my 2012 taxes late 5% × $147 × 12 = $396. How do i file my 2012 taxes late 90 for a full year). How do i file my 2012 taxes late The increase of $228 ($1,992 − $1,764 (12 × $147)) is fully taxable. How do i file my 2012 taxes late Variable annuities. How do i file my 2012 taxes late   For variable annuity payments, figure the amount of each payment that is tax free by dividing your investment in the contract (adjusted for any refund feature) by the total number of periodic payments you expect to get under the contract. How do i file my 2012 taxes late   If the annuity is for a definite period, you determine the total number of payments by multiplying the number of payments to be made each year by the number of years you will receive payments. How do i file my 2012 taxes late If the annuity is for life, you determine the total number of payments by using a multiple from the appropriate actuarial table. How do i file my 2012 taxes late Example. How do i file my 2012 taxes late Frank purchased a variable annuity at age 65. How do i file my 2012 taxes late The total cost of the contract was $12,000. How do i file my 2012 taxes late The annuity starting date is January 1 of the year of purchase. How do i file my 2012 taxes late His annuity will be paid, starting July 1, in variable annual installments for his life. How do i file my 2012 taxes late The tax-free amount of each payment, until he has recovered his cost of his contract, is: Investment in the contract $12,000 Number of expected annual payments (multiple for age 65 from Table V) 20 Tax-free amount of each payment ($12,000 ÷ 20) $600 If Frank's first payment is $920, he includes only $320 ($920 − $600) in his gross income. How do i file my 2012 taxes late   If the tax-free amount for a year is more than the payments you receive in that year, you may choose, when you receive the next payment, to refigure the tax-free part. How do i file my 2012 taxes late Divide the amount of the periodic tax-free part that is more than the payment you received by the remaining number of payments you expect. How do i file my 2012 taxes late The result is added to the previously figured periodic tax-free part. How do i file my 2012 taxes late The sum is the amount of each future payment that will be tax free. How do i file my 2012 taxes late Example. How do i file my 2012 taxes late Using the facts of the previous example about Frank, assume that after Frank's $920 payment, he received $500 in the following year, and $1,200 in the year after that. How do i file my 2012 taxes late Frank does not pay tax on the $500 (second year) payment because $600 of each annual pension payment is tax free. How do i file my 2012 taxes late Since the $500 payment is less than the $600 annual tax-free amount, he may choose to refigure his tax-free part when he receives his $1,200 (third year) payment, as follows: Amount tax free in second year $600. How do i file my 2012 taxes late 00 Amount received in second year 500. How do i file my 2012 taxes late 00 Difference $100. How do i file my 2012 taxes late 00 Number of remaining payments after the first 2 payments (age 67, from Table V) 18. How do i file my 2012 taxes late 4 Amount to be added to previously determined annual tax-free part ($100 ÷ 18. How do i file my 2012 taxes late 4) $5. How do i file my 2012 taxes late 43 Revised annual tax-free part for third and later years ($600 + $5. How do i file my 2012 taxes late 43) $605. How do i file my 2012 taxes late 43 Amount taxable in third year ($1,200 − $605. How do i file my 2012 taxes late 43) $594. How do i file my 2012 taxes late 57 If you choose to refigure your tax-free amount,   you must file a statement with your income tax return stating that you are refiguring the tax-free amount in accordance with the rules of section 1. How do i file my 2012 taxes late 72–4(d)(3) of the Income Tax Regulations. How do i file my 2012 taxes late The statement must also show the following information: The annuity starting date and your age on that date. How do i file my 2012 taxes late The first day of the first period for which you received an annuity payment in the current year. How do i file my 2012 taxes late Your investment in the contract as originally figured. How do i file my 2012 taxes late The total of all amounts received tax free under the annuity from the annuity starting date through the first day of the first period for which you received an annuity payment in the current tax year. How do i file my 2012 taxes late Exclusion Limits Your annuity starting date determines the total amount of annuity income that you can exclude from income over the years. How do i file my 2012 taxes late Exclusion limited to net cost. How do i file my 2012 taxes late   If your annuity starting date is after 1986, the total amount of annuity income that you can exclude over the years as a return of your cost cannot exceed your net cost (figured without any reduction for a refund feature). How do i file my 2012 taxes late This is the unrecovered investment in the contract as of the annuity starting date. How do i file my 2012 taxes late   If your annuity starting date is after July 1, 1986, any unrecovered net cost at your (or last annuitant's) death is allowed as a miscellaneous itemized deduction on the final return of the decedent. How do i file my 2012 taxes late This deduction is not subject to the 2%-of-adjusted-gross-income limit. How do i file my 2012 taxes late Example 1. How do i file my 2012 taxes late Your annuity starting date is after 1986. How do i file my 2012 taxes late Your total cost is $12,500, and your net cost is $10,000, taking into account certain adjustments. How do i file my 2012 taxes late There is no refund feature. How do i file my 2012 taxes late Your monthly annuity payment is $833. How do i file my 2012 taxes late 33. How do i file my 2012 taxes late Your exclusion ratio is 12% and you exclude $100 a month. How do i file my 2012 taxes late Your exclusion ends after 100 months, when you have excluded your net cost of $10,000. How do i file my 2012 taxes late Thereafter, your annuity payments are fully taxable. How do i file my 2012 taxes late Example 2. How do i file my 2012 taxes late The facts are the same as in Example 1, except that there is a refund feature, and you die after 5 years with no surviving annuitant. How do i file my 2012 taxes late The adjustment for the refund feature is $1,000, so the investment in the contract is $9,000. How do i file my 2012 taxes late The exclusion ratio is 10. How do i file my 2012 taxes late 8%, and your monthly exclusion is $90. How do i file my 2012 taxes late After 5 years (60 months), you have recovered tax free only $5,400 ($90 x 60). How do i file my 2012 taxes late An itemized deduction for the unrecovered net cost of $4,600 ($10,000 net cost minus $5,400) may be taken on your final income tax return. How do i file my 2012 taxes late Your unrecovered investment is determined without regard to the refund feature adjustment, discussed earlier, under Adjustments. How do i file my 2012 taxes late Exclusion not limited to net cost. How do i file my 2012 taxes late   If your annuity starting date was before 1987, you could continue to take your monthly exclusion for as long as you receive your annuity. How do i file my 2012 taxes late If you choose a joint and survivor annuity, your survivor continues to take the survivor's exclusion figured as of the annuity starting date. How do i file my 2012 taxes late The total exclusion may be more than your investment in the contract. How do i file my 2012 taxes late How To Use Actuarial Tables In figuring, under the General Rule, the taxable part of your annuity payments that you are to get for the rest of your life (rather than for a fixed number of years), you must use one or more of the actuarial tables in this publication. How do i file my 2012 taxes late Unisex Annuity Tables Effective July 1, 1986, the Internal Revenue Service adopted new annuity Tables V through VIII, in which your sex is not considered when determining the applicable factor. How do i file my 2012 taxes late These tables correspond to the old Tables I through IV. How do i file my 2012 taxes late In general, Tables V through VIII must be used if you made contributions to the retirement plan after June 30, 1986. How do i file my 2012 taxes late If you made no contributions to the plan after June 30, 1986, generally you must use only Tables I through IV. How do i file my 2012 taxes late However, if you received an annuity payment after June 30, 1986, you may elect to use Tables V through VIII (see Annuity received after June 30, 1986, later). How do i file my 2012 taxes late Special Elections Although you generally must use Tables V through VIII if you made contributions to the retirement plan after June 30, 1986, and Tables I through IV if you made no contributions after June 30, 1986, you can make the following special elections to select which tables to use. How do i file my 2012 taxes late Contributions made both before July 1986 and after June 1986. How do i file my 2012 taxes late   If you made contributions to the retirement plan both before July 1986 and after June 1986, you may elect to use Tables I through IV for the pre-July 1986 cost of the contract, and Tables V through VIII for the post-June 1986 cost. How do i file my 2012 taxes late (See the examples below. How do i file my 2012 taxes late )    Making the election. How do i file my 2012 taxes late Attach this statement to your income tax return for the first year in which you receive an annuity:    “I elect to apply the provisions of paragraph (d) of section 1. How do i file my 2012 taxes late 72–6 of the Income Tax Regulations. How do i file my 2012 taxes late ”   The statement must also include your name, address, social security number, and the amount of the pre-July 1986 investment in the contract. How do i file my 2012 taxes late   If your investment in the contract includes post-June 1986 contributions to the plan, and you do not make the election to use Tables I through IV and Tables V through VIII, then you can only use Tables V through VIII in figuring the taxable part of your annuity. How do i file my 2012 taxes late You must also use Tables V through VIII if you are unable or do not wish to determine the portions of your contributions which were made before July 1, 1986, and after June 30, 1986. How do i file my 2012 taxes late    Advantages of election. How do i file my 2012 taxes late In general, a lesser amount of each annual annuity payment is taxable if you separately figure your exclusion ratio for pre-July 1986 and post-June 1986 contributions. How do i file my 2012 taxes late    If you intend to make this election, save your records that substantiate your pre-July 1986 and post-June 1986 contributions. How do i file my 2012 taxes late If the death benefit exclusion applies (see discussion, earlier), you do not have to apportion it between the pre-July 1986 and the post-June 1986 investment in the contract. How do i file my 2012 taxes late   The following examples illustrate the separate computations required if you elect to use Tables I through IV for your pre-July 1986 investment in the contract and Tables V through VIII for your post-June 1986 investment in the contract. How do i file my 2012 taxes late Example 1. How do i file my 2012 taxes late Bill, who is single, contributed $42,000 to the retirement plan and will receive an annual annuity of $24,000 for life. How do i file my 2012 taxes late Payment of the $42,000 contribution is guaranteed under a refund feature. How do i file my 2012 taxes late Bill is 55 years old as of the annuity starting date. How do i file my 2012 taxes late For figuring the taxable part of Bill's annuity, he chose to make separate computations for his pre-July 1986 investment in the contract of $41,300, and for his post-June 1986 investment in the contract of $700. How do i file my 2012 taxes late       Pre- July 1986   Post- June 1986 A. How do i file my 2012 taxes late Adjustment for refund feature         1) Net cost $41,300   $700   2) Annual annuity—$24,000  ($41,300/$42,000 × $24,000) $23,600       ($700/$42,000 × $24,000)     $400   3) Guarantee under contract $41,300   $700   4) No. How do i file my 2012 taxes late of years payments  guaranteed (rounded), A(3) ÷ A(2) 2   2   5) Applicable percentage from  Tables III and VII 1%   0%   6) Adjustment for value of refund  feature, A(5) × smaller of A(1)  or A(3) $413   $0 B. How do i file my 2012 taxes late Investment in the contract         1) Net cost $41,300   $700   2) Minus: Amount in A(6) 413   0   3) Investment in the contract $40,887   $700 C. How do i file my 2012 taxes late Expected return         1) Annual annuity receivable $24,000   $24,000   2) Multiples from Tables I and V 21. How do i file my 2012 taxes late 7   28. How do i file my 2012 taxes late 6   3) Expected return, C(1) × C(2) $520,800   $686,400 D. How do i file my 2012 taxes late Tax-free part of annuity         1) Exclusion ratio as decimal,  B(3) ÷ C(3) . How do i file my 2012 taxes late 079   . How do i file my 2012 taxes late 001   2) Tax-free part, C(1) × D(1) $1,896   $24 The tax-free part of Bill's total annuity is $1,920 ($1,896 plus $24). How do i file my 2012 taxes late The taxable part of his annuity is $22,080 ($24,000 minus $1,920). How do i file my 2012 taxes late If the annuity starting date is after 1986, the exclusion over the years cannot exceed the net cost (figured without any reduction for a refund feature). How do i file my 2012 taxes late Example 2. How do i file my 2012 taxes late Al is age 62 at his nearest birthday to the annuity starting date. How do i file my 2012 taxes late Al's wife is age 60 at her nearest birthday to the annuity starting date. How do i file my 2012 taxes late The joint and survivor annuity pays $1,000 per month to Al for life, and $500 per month to Al's surviving wife after his death. How do i file my 2012 taxes late The pre-July 1986 investment in the contract is $53,100 and the post-June 1986 investment in the contract is $7,000. How do i file my 2012 taxes late Al makes the election described in Example 1 . How do i file my 2012 taxes late For purposes of this example, assume the refund feature adjustment is zero. How do i file my 2012 taxes late If an adjustment is required, IRS will figure the amount. How do i file my 2012 taxes late See Requesting a Ruling on Taxation of Annuity near the end of this publication. How do i file my 2012 taxes late       Pre-  July 1986   Post-  June 1986 A. How do i file my 2012 taxes late Adjustment for refund feature         1) Net cost $53,100   $7,000   2) Annual annuity—$12,000  ($53,100/$60,100 × $12,000) $10,602       ($7,000/$60,100 × $12,000)     $1,398   3) Guaranteed under the contract $53,100   $7,000   4) Number of years guaranteed,  rounded, A(3) ÷ A(2) 5   5   5) Applicable percentages 0%   0%   6) Refund feature adjustment, A(5) × smaller of A(1) or A(3) 0   0 B. How do i file my 2012 taxes late Investment in the contract         1) Net cost $53,100   $7,000   2) Refund feature adjustment 0   0   3) Investment in the contract adjusted for refund feature $53,100   $7,000 C. How do i file my 2012 taxes late Expected return         1) Multiple for both annuitants from Tables II and VI 25. How do i file my 2012 taxes late 4   28. How do i file my 2012 taxes late 8   2) Multiple for first annuitant from Tables I and V 16. How do i file my 2012 taxes late 9   22. How do i file my 2012 taxes late 5   3) Multiple applicable to surviving annuitant, subtract C(2) from C(1) 8. How do i file my 2012 taxes late 5   6. How do i file my 2012 taxes late 3   4) Annual annuity to surviving annuitant $6,000   $6,000   5) Portion of expected return for surviving annuitant, C(4) × C(3) $51,000   $37,800   6) Annual annuity to first annuitant $12,000   $12,000   7) Plus: Portion of expected return for first annuitant, C(6) × C(2) $202,800   $270,000   8) Expected return for both annuitants, C(5) + C(7) $253,800   $307,800 D. How do i file my 2012 taxes late Tax-free part of annuity         1) Exclusion ratio as a decimal, B(3) ÷ C(8) . How do i file my 2012 taxes late 209   . How do i file my 2012 taxes late 023   2) Retiree's tax-free part of annuity, C(6) × D(1) $2,508   $276   3) Survivor's tax-free part of annuity, C(4) × D(1) $1,254   $138 The tax-free part of Al's total annuity is $2,784 ($2,508 + $276). How do i file my 2012 taxes late The taxable part of his annuity is $9,216 ($12,000 − $2,784). How do i file my 2012 taxes late The exclusion over the years cannot exceed the net cost of the contract (figured without any reduction for a refund feature) if the annuity starting date is after 1986. How do i file my 2012 taxes late After Al's death, his widow will apply the same exclusion percentages (20. How do i file my 2012 taxes late 9% and 2. How do i file my 2012 taxes late 3%) to her annual annuity of $6,000 to figure the tax-free part of her annuity. How do i file my 2012 taxes late Annuity received after June 30, 1986. How do i file my 2012 taxes late   If you receive an annuity payment after June 30, 1986, (regardless of your annuity starting date), you may elect to treat the entire cost of the contract as post-June 1986 cost (even if you made no post-June 1986 contributions to the plan) and use Tables V through VIII. How do i file my 2012 taxes late Once made, you cannot revoke the election, which will apply to all payments during the year and in any later year. How do i file my 2012 taxes late    Make the election by attaching the following statement to your income tax return. How do i file my 2012 taxes late    “I elect, under section 1. How do i file my 2012 taxes late 72–9 of the Income Tax Regulations, to treat my entire cost of the contract as a post-June 1986 cost of the plan. How do i file my 2012 taxes late ”   The statement must also include your name, address, and social security number. How do i file my 2012 taxes late   You should also indicate you are making this election if you are unable or do not wish to determine the parts of your contributions which were made before July 1, 1986, and after June 30, 1986. How do i file my 2012 taxes late Disqualifying form of payment or settlement. How do i file my 2012 taxes late   If your annuity starting date is after June 30, 1986, and the contract provides for a disqualifying form of payment or settlement, such as an option to receive a lump sum in full discharge of the obligation under the contract, the entire investment in the contract is treated as post-June 1986 investment in the contract. How do i file my 2012 taxes late See regulations section 1. How do i file my 2012 taxes late 72–6(d)(3) for additional examples of disqualifying forms of payment or settlement. How do i file my 2012 taxes late You can find the Income Tax Regulations in many libraries and at Internal Revenue Service Offices. How do i file my 2012 taxes late Worksheets for Determining Taxable Annuity Worksheets I and II. How do i file my 2012 taxes late   Worksheets I and II follow for determining your taxable annuity under Regulations Section 1. How do i file my 2012 taxes late 72–6(d)(6) Election. How do i file my 2012 taxes late Worksheet I For Determining Taxable Annuity Under Regulations Section 1. How do i file my 2012 taxes late 72-6(d)(6) Election For Single Annuitant With No Survivor Annuity               Pre-July 1986   Post-June 1986 A. How do i file my 2012 taxes late   Refund Feature Adjustment             1)   Net cost (total cost less returned premiums, dividends, etc. How do i file my 2012 taxes late )             2)   Annual annuity allocation:                   Portion of net cost in A(1) x annual annuity                   Net cost             3)   Guaranteed under the contract             4)   Number of years guaranteed, rounded to whole years:                   A(3) divided by A(2)             5)   Applicable percentages* from Tables III and VII                   *If your annuity meets the three conditions listed in Zero value of refund feature in Investment in the Contract, earlier, both percentages are 0. How do i file my 2012 taxes late If not, the IRS will calculate the refund feature percentage. How do i file my 2012 taxes late             6)   Refund feature adjustment:                   A(5) times lesser of A(1) or A(3)                             B. How do i file my 2012 taxes late   Investment in the Contract             1)   Net cost:                   A(1)             2)   Refund feature adjustment:                   A(6)             3)   Investment in the contract adjusted for refund feature:                   B(1) minus B(2)                             C. How do i file my 2012 taxes late   Expected Return             1)   Annual Annuity:                   12 times monthly annuity**             2)   Expected return multiples from Tables I and V             3)     Expected return:                   C(1) times C(2)                             D. How do i file my 2012 taxes late   Tax-Free Part of Annuity             1)     Exclusion ratio, as a decimal rounded to 3 places:                   B(3) divided by C(3)             2)     Tax-free part of annuity:                   C(1) times D(1)             **If the annuity is not paid monthly, figure the amount to enter by using the total number of periodic payments for the year times the amount of the periodic payment. How do i file my 2012 taxes late     Worksheet II For Determining Taxable Annuity Under Regulations Section 1. How do i file my 2012 taxes late 72-6(d)(6) Election For Joint and Survivor Annuity               Pre-July 1986   Post-June 1986 A. How do i file my 2012 taxes late   Refund Feature Adjustment             1)   Net cost (total cost less returned premiums, dividends, etc. How do i file my 2012 taxes late )             2)   Annual annuity allocation:                   Portion of net cost in A(1) x annual annuity                   Net cost             3)   Guaranteed under the contract             4)     Number of years guaranteed, rounded to whole years:                   A(3) divided by A(2)             5)   Applicable percentages*                   *If your annuity meets the three conditions listed in Zero value of refund feature in Investment in the Contract, earlier, both percentages are 0. How do i file my 2012 taxes late If not, the IRS will calculate the refund feature percentage. How do i file my 2012 taxes late             6)   Refund feature adjustment:                   A(5) times lesser of A(1) or A(3)                             B. How do i file my 2012 taxes late   Investment in the Contract             1)   Net cost:                   A(1)             2)   Refund feature adjustment:                   A(6)             3)   Investment in the contract adjusted for refund future:                   B(1) minus B(2)                             C. How do i file my 2012 taxes late   Expected Return             1)   Multiples for both annuitants, Tables II and VI             2)   Multiple for retiree. How do i file my 2012 taxes late Tables I and VI             3)   Multiple for survivor:                   C(1) minus C(2)             4)   Annual annuity to survivor:                   12 times potential monthly rate for survivor**             5)   Expected return for survivor:                   C(3) times C(4)             6)   Annual annuity to retiree:                   12 times monthly rate for retiree**             7)   Expected return for retiree:                   C(2) times C(6)             8)   Total expected return:                   C(5) plus C(7)                             D. How do i file my 2012 taxes late   Tax-Free Part of Annuity             1)   Exclusion ratio, as a decimal rounded to 3 places:                   B(3) divided by C(8)             2)   Retiree's tax-free part of annuity:                   C(6) times D(1)             3)   Survivor's tax-free part of annuity, if surviving after death of retiree:                   C(4) times D(1)             **If the annuity is not paid monthly, figure the amount to enter by using the total number of periodic payments for the year times the amount of the periodic payment. How do i file my 2012 taxes late   Actuarial Tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial Tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial Tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Please click here for the text description of the image. How do i file my 2012 taxes late Actuarial tables Requesting a Ruling on Taxation of Annuity If you are a retiree, or the survivor of an employee or retiree, you may ask the Internal Revenue Service to help you determine the taxation of your annuity. How do i file my 2012 taxes late If you make this request, you are asking for a ruling. How do i file my 2012 taxes late User fee. How do i file my 2012 taxes late   Under the law in effect at the time this publication went to print, the IRS must charge a user fee for all ruling requests. How do i file my 2012 taxes late You should call the IRS for the proper fee. How do i file my 2012 taxes late A request solely for the value of the refund feature is not treated as a ruling request and requires no fee. How do i file my 2012 taxes late Send your request to:     Internal Revenue Service  Attention: EP Letter Rulings P. How do i file my 2012 taxes late O. How do i file my 2012 taxes late Box 27063 McPherson Station Washington, DC 20038 The user fee is allowed as a miscellaneous itemized deduction, subject to the 2%-of-adjusted-gross-income limit. How do i file my 2012 taxes late When to make the request. How do i file my 2012 taxes late   Please note that requests sent between February 1 and April 15 may experience some delay. How do i file my 2012 taxes late We process requests in the order received, and we will reply to your request as soon as we can process it. How do i file my 2012 taxes late If you do not receive your ruling by the required filing date, you may use Form 4868, Application for Automatic Extension of Time To File U. How do i file my 2012 taxes late S. How do i file my 2012 taxes late Individual Income Tax Return, to get an extension of time to file. How do i file my 2012 taxes late Information you must furnish. How do i file my 2012 taxes late   You must furnish the information listed below so the IRS can comply with your request. How do i file my 2012 taxes late Failure to furnish the information will result in a delay in processing your request. How do i file my 2012 taxes late Please send only copies of the following documents, as the IRS retains all material sent for its records: A letter explaining the question(s) you wish to have resolved or the information you need from the ruling. How do i file my 2012 taxes late Copies of any documents showing distributions, annuity rates, and annuity options available to you. How do i file my 2012 taxes late A copy of any Form 1099–R you received since your annuity began. How do i file my 2012 taxes late A statement indicating whether you have filed your return for the year for which you are making the request. How do i file my 2012 taxes late If you have requested an extension of time to file that return, please indicate the extension date. How do i file my 2012 taxes late Your daytime phone number. How do i file my 2012 taxes late Your current mailing address. How do i file my 2012 taxes late A power of attorney if someone other than you, an attorney, a certified public accountant, or an enrolled agent is signing this request. How do i file my 2012 taxes late Form 2848, Power of Attorney and Declaration of Representative, may be used for this purpose. How do i file my 2012 taxes late A completed Tax Information Sheet (or facsimile) shown on the next page. How do i file my 2012 taxes late Sign and date the Disclosure and Perjury Statement (or facsimile) at the end of the tax information sheet. How do i file my 2012 taxes late This statement must be signed by the retiree or the survivor annuitant. How do i file my 2012 taxes late It cannot be signed by a representative. How do i file my 2012 taxes late Tax Information Sheet Please click here for the text description of the image. How do i file my 2012 taxes late Tax Information Sheet Please click here for the text description of the image. How do i file my 2012 taxes late Tax Information Sheet (continued) How To Get Tax Help Whether it's help with a tax issue, preparing your tax return or a need for a free publication or form, get the help you need the way you want it: online, use a smart phone, call or walk in to an IRS office or volunteer site near you. How do i file my 2012 taxes late Free help with your tax return. How do i file my 2012 taxes late   You can get free help preparing your return nationwide from IRS-certified volunteers. How do i file my 2012 taxes late The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. How do i file my 2012 taxes late The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. How do i file my 2012 taxes late Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. How do i file my 2012 taxes late In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. How do i file my 2012 taxes late To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS. How do i file my 2012 taxes late gov, download the IRS2Go app, or call 1-800-906-9887. How do i file my 2012 taxes late   As part of the TCE program, AARP offers the Tax-Aide counseling program. How do i file my 2012 taxes late To find the nearest AARP Tax-Aide site, visit AARP's website at www. How do i file my 2012 taxes late aarp. How do i file my 2012 taxes late org/money/taxaide or call 1-888-227-7669. How do i file my 2012 taxes late For more information on these programs, go to IRS. How do i file my 2012 taxes late gov and enter “VITA” in the search box. How do i file my 2012 taxes late Internet. How do i file my 2012 taxes late    IRS. How do i file my 2012 taxes late gov and IRS2Go are ready when you are —24 hours a day, 7 days a week. How do i file my 2012 taxes late Download the free IRS2Go app from the iTunes app store or from Google Play. How do i file my 2012 taxes late Use it to check your refund status, order transcripts of your tax returns or tax account, watch the IRS YouTube channel, get IRS news as soon as it's released to the public, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. How do i file my 2012 taxes late Check the status of your 2013 refund with the Where's My Refund? application on IRS. How do i file my 2012 taxes late gov or download the IRS2Go app and select the Refund Status option. How do i file my 2012 taxes late The IRS issues more than 9 out of 10 refunds in less than 21 days. How do i file my 2012 taxes late Using these applications, you can start checking on the status of your return within 24 hours after we receive your e-filed return or 4 weeks after you mail a paper return. How do i file my 2012 taxes late You will also be given a personalized refund date as soon as the IRS processes your tax return and approves your refund. How do i file my 2012 taxes late The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. How do i file my 2012 taxes late Use the Interactive Tax Assistant (ITA) to research your tax questions. How do i file my 2012 taxes late No need to wait on the phone or stand in line. How do i file my 2012 taxes late The ITA is available 24 hours a day, 7 days a week, and provides you with a variety of tax information related to general filing topics, deductions, credits, and income. How do i file my 2012 taxes late When you reach the response screen, you can print the entire interview and the final response for your records. How do i file my 2012 taxes late New subject areas are added on a regular basis. How do i file my 2012 taxes late  Answers not provided through ITA may be found in Tax Trails, one of the Tax Topics on IRS. How do i file my 2012 taxes late gov which contain general individual and business tax information or by searching the IRS Tax Map, which includes an international subject index. How do i file my 2012 taxes late You can use the IRS Tax Map, to search publications and instructions by topic or keyword. How do i file my 2012 taxes late The IRS Tax Map integrates forms and publications into one research tool and provides single-point access to tax law information by subject. How do i file my 2012 taxes late When the user searches the IRS Tax Map, they will be provided with links to related content in existing IRS publications, forms and instructions, questions and answers, and Tax Topics. How do i file my 2012 taxes late Coming this filing season, you can immediately view and print for free all 5 types of individual federal tax transcripts (tax returns, tax account, record of account, wage and income statement, and certification of non-filing) using Get Transcript. How do i file my 2012 taxes late You can also ask the IRS to mail a return or an account transcript to you. How do i file my 2012 taxes late Only the mail option is available by choosing the Tax Records option on the IRS2Go app by selecting Mail Transcript on IRS. How do i file my 2012 taxes late gov or by calling 1-800-908-9946. How do i file my 2012 taxes late Tax return and tax account transcripts are generally available for the current year and the past three years. How do i file my 2012 taxes late Determine if you are eligible for the EITC and estimate the amount of the credit with the Earned Income Tax Credit (EITC) Assistant. How do i file my 2012 taxes late Visit Understanding Your IRS Notice or Letter to get answers to questions about a notice or letter you received from the IRS. How do i file my 2012 taxes late If you received the First Time Homebuyer Credit, you can use the First Time Homebuyer Credit Account Look-up tool for information on your repayments and account balance. How do i file my 2012 taxes late Check the status of your amended return using Where's My Amended Return? Go to IRS. How do i file my 2012 taxes late gov and enter Where's My Amended Return? in the search box. How do i file my 2012 taxes late You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. How do i file my 2012 taxes late It can take up to 3 weeks from the date you mailed it to show up in our system. How do i file my 2012 taxes late Make a payment using one of several safe and convenient electronic payment options available on IRS. How do i file my 2012 taxes late gov. How do i file my 2012 taxes late Select the Payment tab on the front page of IRS. How do i file my 2012 taxes late gov for more information. How do i file my 2012 taxes late Determine if you are eligible and apply for an online payment agreement, if you owe more tax than you can pay today. How do i file my 2012 taxes late Figure your income tax withholding with the IRS Withholding Calculator on IRS. How do i file my 2012 taxes late gov. How do i file my 2012 taxes late Use it if you've had too much or too little withheld, your personal situation has changed, you're starting a new job or you just want to see if you're having the right amount withheld. How do i file my 2012 taxes late Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. How do i file my 2012 taxes late gov. How do i file my 2012 taxes late Request an Electronic Filing PIN by going to IRS. How do i file my 2012 taxes late gov and entering Electronic Filing PIN in the search box. How do i file my 2012 taxes late Download forms, instructions and publications, including accessible versions for people with disabilities. How do i file my 2012 taxes late Locate the nearest Taxpayer Assistance Center (TAC) using the Office Locator tool on IRS. How do i file my 2012 taxes late gov, or choose the Contact Us option on the IRS2Go app and search Local Offices. How do i file my 2012 taxes late An employee can answer questions about your tax account or help you set up a payment plan. How do i file my 2012 taxes late Before you visit, check the Office Locator on IRS. How do i file my 2012 taxes late gov, or Local Offices under Contact Us on IRS2Go to confirm the address, phone number, days and hours of operation, and the services provided. How do i file my 2012 taxes late If you have a special need, such as a disability, you can request an appointment. How do i file my 2012 taxes late Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. How do i file my 2012 taxes late Apply for an Employer Identification Number (EIN). How do i file my 2012 taxes late Go to IRS. How do i file my 2012 taxes late gov and enter Apply for an EIN in the search box. How do i file my 2012 taxes late Read the Internal Revenue Code, regulations, or other official guidance. How do i file my 2012 taxes late Read Internal Revenue Bulletins. How do i file my 2012 taxes late Sign up to receive local and national tax news and more by email. How do i file my 2012 taxes late Just click on “subscriptions” above the search box on IRS. How do i file my 2012 taxes late gov and choose from a variety of options. How do i file my 2012 taxes late    Phone. How do i file my 2012 taxes late You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. How do i file my 2012 taxes late Download the free IRS2Go app from the iTunes app store or from Google Play. How do i file my 2012 taxes late Call to locate the nearest volunteer help site, 1-800-906-9887 or you can use the VITA Locator Tool on IRS. How do i file my 2012 taxes late gov, or download the IRS2Go app. How do i file my 2012 taxes late Low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. How do i file my 2012 taxes late The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. How do i file my 2012 taxes late Mos