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

Irs Efile 2011

Efile Taxes FreeTax Forms 1040 EzI Need To Amend My 2012 TaxesH&r Block Free EfileEz 1040 FormFederal Income Tax Forms 2011TaxesFree EfileHow To File A Tax AmendmentFree Federal And State Efile1040x Electronic Filing2012 Ez Tax FormsIrs FormsFree File AllianceHr Block Free Tax FilingI Need To Find A Place On Line To File Back TaxesCan You File A 1040x OnlineRevise Tax ReturnFiling Your State Taxes For Free2009 Tax Forms DownloadFiling Amended Tax Return Online1040x TurbotaxNon Resident State Tax ReturnFree Filing H&r BlockIrs FreeFile 2012 State TaxesAmended State Tax ReturnI Need To File My 2012 Tax ReturnCan I Still E File My 2011 TaxesHow To File Self Employed TaxesFreestatetaxact.comTaxes 2009Can I Still File My 2011 Taxes OnlineVita Tax Locations 2012Irs Ez FormsHow To File An Amended ReturnAmended ReturnIrs Forms For 2010File State Taxes For FreeE File Extension

Irs Efile 2011

Irs efile 2011 1. Irs efile 2011   Canceled Debts Table of Contents General RulesForm 1099-C Discounts and loan modifications Sales or other dispositions (such as foreclosures and repossessions) Abandonments Stockholder debt This chapter discusses the tax treatment of canceled debts. Irs efile 2011 General Rules Generally, if a debt for which you are personally liable is forgiven or discharged for less than the full amount owed, the debt is considered canceled in whatever amount it remained unpaid. Irs efile 2011 There are exceptions to this rule, discussed under Exceptions , later. Irs efile 2011 Generally, you must include the canceled debt in your income. Irs efile 2011 However, you may be able to exclude the canceled debt. Irs efile 2011 See Exclusions , later. Irs efile 2011 Example. Irs efile 2011 John owed $1,000 to Mary. Irs efile 2011 Mary agreed to accept and John paid $400 in satisfaction of the entire debt. Irs efile 2011 John has canceled debt of $600. Irs efile 2011 Example. Irs efile 2011 Margaret owed $1,000 to Henry. Irs efile 2011 Henry and Margaret agreed that Margaret would provide Henry with services (instead of money) in full satisfaction of the debt. Irs efile 2011 Margaret does not have canceled debt. Irs efile 2011 Instead, she has income from services. Irs efile 2011 A debt includes any indebtedness: For which you are liable, or Subject to which you hold property. Irs efile 2011 Debt for which you are personally liable is recourse debt. Irs efile 2011 All other debt is nonrecourse debt. Irs efile 2011 If you are not personally liable for the debt, you do not have ordinary income from the cancellation of debt unless you retain the collateral and either: The lender offers a discount for the early payment of the debt, or The lender agrees to a loan modification that results in the reduction of the principal balance of the debt. Irs efile 2011 See Discounts and loan modifications , later. Irs efile 2011 However, upon the disposition of the property securing a nonrecourse debt, the amount realized includes the entire unpaid amount of the debt, not just the FMV of the property. Irs efile 2011 As a result, you may realize a gain or loss if the outstanding debt immediately before the disposition is more or less than your adjusted basis in the property. Irs efile 2011 For more details on figuring your gain or loss, see chapter 2 of this publication or see Publication 544. Irs efile 2011 There are several exceptions and exclusions that may result in part or all of a canceled debt being nontaxable. Irs efile 2011 See Exceptions and Exclusions, later. Irs efile 2011 You must report any taxable canceled debt as ordinary income on: Form 1040 or Form 1040NR, line 21, if the debt is a nonbusiness debt; Schedule C (Form 1040), line 6 (or Schedule C-EZ (Form 1040), line 1), if the debt is related to a nonfarm sole proprietorship; Schedule E (Form 1040), line 3, if the debt is related to nonfarm rental of real property; Form 4835, line 6, if the debt is related to a farm rental activity for which you use Form 4835 to report farm rental income based on crops or livestock produced by a tenant; or Schedule F (Form 1040), line 8, if the debt is farm debt and you are a farmer. Irs efile 2011 Form 1099-C If you receive a Form 1099-C, that means an applicable entity has reported an identifiable event to the IRS regarding a debt you owe. Irs efile 2011 The identifiable event may be an actual cancellation of the debt or it may be an event the applicable entity is required, solely for purposes of reporting to the IRS, to treat as a cancellation of debt. Irs efile 2011 For information on the reasons an applicable entity files Form 1099-C, see Identifiable event codes, later. Irs efile 2011 Unless you meet one of the exceptions or exclusions discussed later, this canceled debt is ordinary income and must be reported on the appropriate form discussed above. Irs efile 2011 An applicable entity includes: A federal government agency, A financial institution, A credit union, and Any organization a significant trade or business of which is lending money. Irs efile 2011 Identifiable event codes. Irs efile 2011    Box 6 of Form 1099-C should indicate the reason the creditor filed this form. Irs efile 2011 The codes shown in box 6 are explained below. Irs efile 2011 Also see the chart after the explanation for a quick reference guide for the codes used in Box 6. Irs efile 2011 Note. Irs efile 2011 Codes A through G and I identify specific occurrences resulting from an actual discharge of indebtedness. Irs efile 2011 However, Code H, Expiration of nonpayment testing period, does not necessarily identify an actual discharge of indebtedness. Irs efile 2011 Code A — Bankruptcy. Irs efile 2011 Code A is used to identify cancellation of debt as a result of a title 11 bankruptcy case. Irs efile 2011 See Bankruptcy , later. Irs efile 2011 Code B — Other judicial debt relief. Irs efile 2011 Code B is used to identify cancellation of debt as a result of a receivership, foreclosure, or similar federal or state court proceeding other than bankruptcy. Irs efile 2011 Code C — Statute of limitations or expiration of deficiency period. Irs efile 2011 Code C is used to identify cancellation of debt either when the statute of limitations for collecting the debt expires or when the statutory period for filing a claim or beginning a deficiency judgment proceeding expires. Irs efile 2011 In the case of the expiration of a statute of limitations, an identifiable event occurs only if and when your affirmative defense of the statute of limitations is upheld in a final judgment or decision in a judicial proceeding, and the period for appealing the judgment or decision has expired. Irs efile 2011 Code D — Foreclosure election. Irs efile 2011 Code D is used to identify cancellation of debt when the creditor elects foreclosure remedies that statutorily end or bar the creditor's right to pursue collection of the debt. Irs efile 2011 This event applies to a mortgage lender or holder who is barred from pursuing debt collection after a power of sale in the mortgage or deed of trust is exercised. Irs efile 2011 Code E — Debt relief from probate or similar proceeding. Irs efile 2011 Code E is used to identify cancellation of debt as a result of a probate court or similar legal proceeding. Irs efile 2011 Code F — By agreement. Irs efile 2011 Code F is used to identify cancellation of debt as a result of an agreement between the creditor and the debtor to cancel the debt at less than full consideration. Irs efile 2011 Code G — Decision or policy to discontinue collection. Irs efile 2011 Code G is used to identify cancellation of debt as a result of a decision or a defined policy of the creditor to discontinue collection activity and cancel the debt. Irs efile 2011 For purposes of this identifiable event, a defined policy includes both a written policy and the creditor's established business practice. Irs efile 2011 Code H — Expiration of nonpayment testing period. Irs efile 2011 Code H is used to indicate that the creditor has not received a payment on the debt during a testing period ending on December 31, 2013. Irs efile 2011 The testing period is a 36-month period increased by the number of months the creditor was prevented from engaging in collection activity by a stay in bankruptcy or similar bar under state or local law. Irs efile 2011 This identifiable event applies only for a creditor that is a financial institution or credit union (and certain of their subsidiaries), the Federal Deposit Insurance Corporation (FDIC), Resolution Trust Corporation (RTC), National Credit Union Administration (NCUA), and other Federal executive agencies. Irs efile 2011 Expiration of the nonpayment testing period does not necessarily result from an actual discharge of indebtedness. Irs efile 2011 Code I — Other actual discharge before identifiable event. Irs efile 2011 Code I is used to identify an actual cancellation of debt that occurs before any of the identifiable events described in codes A through H. Irs efile 2011 Form 1099-C Reference Guide for Box 6 Identifiable Event Codes A Bankruptcy B Other judicial debt relief C Statute of limitations or expiration of deficiency period D Foreclosure election E Debt relief from probate or similar proceeding F By agreement G Decision or policy to discontinue collection H Expiration of nonpayment testing period I Other actual discharge before identifiable event Even if you did not receive a Form 1099-C, you must report canceled debt as gross income on your tax return unless one of the exceptions or exclusions described later applies. Irs efile 2011 Amount of canceled debt. Irs efile 2011    The amount in box 2 of Form 1099-C may represent some or all of the debt that has been canceled or treated as canceled. Irs efile 2011 The amount in box 2 will include principal and may include interest and other nonprincipal amounts (such as fees or penalties). Irs efile 2011 Unless you meet one of the exceptions or exclusions discussed later, the amount of the debt that has been canceled is ordinary income and must be reported on the appropriate form as discussed earlier. Irs efile 2011 Interest included in canceled debt. Irs efile 2011    If any interest is included in the amount of canceled debt in box 2, it will be shown in box 3. Irs efile 2011 Whether the interest portion of the canceled debt must be included in your income depends on whether the interest would be deductible if you paid it. Irs efile 2011 See Deductible Debt under Exceptions, later. Irs efile 2011 Persons who each receive a Form 1099-C showing the full amount of debt. Irs efile 2011    If you and another person were jointly and severally liable for a canceled debt, each of you may get a Form 1099-C showing the entire amount of the canceled debt. Irs efile 2011 However, you may not have to report that entire amount as income. Irs efile 2011 The amount, if any, you must report depends on all the facts and circumstances, including: State law, The amount of debt proceeds each person received, How much of any interest deduction from the debt was claimed by each person, How much of the basis of any co-owned property bought with the debt proceeds was allocated to each co-owner, and Whether the canceled debt qualifies for any of the exceptions or exclusions described in this publication. Irs efile 2011 See Example 3 under Insolvency, later. Irs efile 2011 Discounts and loan modifications If a lender discounts (reduces) the principal balance of a loan because you pay it off early, or agrees to a loan modification (a “workout”) that includes a reduction in the principal balance of a loan, the amount of the discount or the amount of principal reduction is canceled debt. Irs efile 2011 However, if the debt is nonrecourse and you did not retain the collateral, you do not have cancellation of the debt income. Irs efile 2011 The amount of the canceled debt must be included in income unless one of the exceptions or exclusions described later applies. Irs efile 2011 For more details, see Exceptions and Exclusions, later. Irs efile 2011 Sales or other dispositions (such as foreclosures and repossessions) Recourse debt. Irs efile 2011   If you owned property that was subject to a recourse debt in excess of the FMV of the property, the lender's foreclosure or repossession of the property is treated as a sale or disposition of the property by you and may result in your realization of gain or loss. Irs efile 2011 The gain or loss on the disposition of the property is measured by the difference between the FMV of the property at the time of the disposition and your adjusted basis (usually your cost) in the property. Irs efile 2011 The character of the gain or loss (such as ordinary or capital) is determined by the character of the property. Irs efile 2011 If the lender forgives all or part of the amount of the debt in excess of the FMV of the property, the cancellation of the excess debt may result in ordinary income. Irs efile 2011 The ordinary income from the cancellation of debt (the excess of the canceled debt over the FMV of the property) must be included in your gross income reported on your tax return unless one of the exceptions or exclusions described later applies. Irs efile 2011 For more details, see Exceptions and Exclusions, later. Irs efile 2011 Nonrecourse debt. Irs efile 2011   If you owned property that was subject to a nonrecourse debt in excess of the FMV of the property, the lender's foreclosure on the property does not result in ordinary income from the cancellation of debt. Irs efile 2011 The entire amount of the nonrecourse debt is treated as an amount realized on the disposition of the property. Irs efile 2011 The gain or loss on the disposition of the property is measured by the difference between the total amount realized (the entire amount of the nonrecourse debt plus the amount of cash and the FMV of any property received) and your adjusted basis in the property. Irs efile 2011 The character of the gain or loss is determined by the character of the property. Irs efile 2011 More information. Irs efile 2011    See Publications 523, 544, and 551, and chapter 2 of this publication for more details. Irs efile 2011 Abandonments Recourse debt. Irs efile 2011   If you abandon property that secures a debt for which you are personally liable (recourse debt) and the debt is canceled, you will realize ordinary income equal to the canceled debt. Irs efile 2011 You must report this income on your tax return unless one of the exceptions or exclusions described later applies. Irs efile 2011 For more details, see Exceptions and Exclusions, later. Irs efile 2011 This income is separate from any amount realized from the abandonment of the property. Irs efile 2011 For more details, see chapter 3. Irs efile 2011 Nonrecourse debt. Irs efile 2011   If you abandon property that secures a debt for which you are not personally liable (nonrecourse debt), you may realize gain or loss but will not have cancellation of indebtedness income. Irs efile 2011 Stockholder debt If you are a stockholder in a corporation and the corporation cancels or forgives your debt to it, the canceled debt is a constructive distribution. Irs efile 2011 For more information, see Publication 542, Corporations. Irs efile 2011 Prev  Up  Next   Home   More Online Publications
Español

Food, Nutrition, and Fitness

Find information about good nutrition; food safety; eating healthy meals on a budget; finding out if you're eligible for food stamps; and being physically active.

Healthy Eating

Good Nutrition

The foods you choose to eat everyday affect your overall health. Nutrition experts offer easy-to-read tip sheets to help you eat more whole grains, vegetables, fruit, calcium-rich foods, and lean protein.

Use the SuperTracker to set goals, keep track of what you eat, and get tips to help you make healthier choices. 

Food Safety

Each year, about one in six Americans become sick from food poisoning. Although most will recover without any lasting problems, some types of food poisoning can lead to kidney failure, chronic arthritis, brain and nerve damage, and even death.

By following four simple steps, you can help to avoid food poisoning at home:

  1. Clean: wash hands and surfaces often.
  2. Separate: don't cross-contaminate raw meat, poultry, seafood, or eggs with other ready-to-eat foods.
  3. Cook: use a food thermometer to ensure you've cooked to the right temperature.
  4. Chill: refrigerate food within two hours of cooking and never thaw foods on the counter.

On FoodSafety.gov, you can sign up to receive the latest information about food recalls.

Back to Top

Eating on a Budget

Healthy Eating on a Tight Budget

Food can be expensive, but preparing your own meals is often healthier and less expensive than eating out. Get ideas to help you eat healthy meals on a budget, including:

Families with limited resources may qualify for the Expanded Food and Nutrition Education Program (EFNEP). This federally funded program shows participants how to make a food budget and select nutritious items.

Food Stamps

Food stamps are officially called the Supplemental Nutrition Assistance Program (SNAP). This federally funded program helps struggling families to put food on the table.

Use a pre-screening tool to find out if you're eligible for SNAP.

Learn more about how to apply for food stamp benefits.

Meal Programs for Children

Federally assisted meal programs, such as the National School Lunch Program and the School Breakfast Program, provide nutritionally balanced, low-cost or free meals to eligible children each school day. Learn more about these and other school meal programs.

The Summer Food Service Program helps to fill the nutrition gap for eligible children when school lets out for the summer. 

Back to Top

Fitness

Being physically active can help you to live longer, feel happier, sleep well, and maintain a healthy weight.

For the biggest benefit, include both aerobic and muscle-strengthening activities in your exercise routine. Aerobic activities, such as walking and running, exercise your heart. Lifting weights and using exercise bands improve your muscle strength.

Get some ideas for increasing your physical activity. You can use the Physical Activity Tracker to monitor your level of activity from week to week.  

Back to Top

The Irs Efile 2011

Irs efile 2011 Index A Adjusted basis Worksheet 1 to figure, Worksheet A Instructions. Irs efile 2011 Assistance (see Tax help) F Free tax services, How To Get Tax Help H Help (see Tax help) M More information (see Tax help) P Publications (see Tax help) T Tax help, How To Get Tax Help Taxpayer Advocate, Taxpayer Advocate Service. Irs efile 2011 TTY/TDD information, How To Get Tax Help W Worksheets Adjusted basis (Worksheet 1), Worksheet A Instructions. Irs efile 2011 Prev  Up     Home   More Online Publications