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Online Tax Filing 2012

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Online Tax Filing 2012

Online tax filing 2012 Index A Active participation, Active participation. Online tax filing 2012 Activity Appropriate economic unit, Appropriate Economic Units Nonpassive, Activities That Are Not Passive Activities Trade or business, Passive Activities Amounts borrowed, Amounts borrowed. Online tax filing 2012 Amounts not at risk, Amounts Not At Risk, Other loss limiting arrangements. Online tax filing 2012 Appropriate economic unit, Appropriate Economic Units Assistance (see Tax help) At-risk activities Aggregation of, Aggregation of Activities Separation of, Separation of Activities At-risk amounts, At-Risk Amounts Government price support programs, Effect of government price support programs. Online tax filing 2012 Increasing amounts, Effect of increasing amounts at risk in subsequent years. Online tax filing 2012 Nonrecourse financing, Nonrecourse financing. Online tax filing 2012 At-risk limits, At-Risk Limits Closely held corporation, Closely held C corporation. Online tax filing 2012 Loss defined, Loss defined. Online tax filing 2012 Partners, Loss limits for partners and S corporation shareholders. Online tax filing 2012 S corporation shareholders, Loss limits for partners and S corporation shareholders. Online tax filing 2012 Who is affected, Who Is Affected? At-risk rules Activities covered by, Activities Covered by the At-Risk Rules Exceptions to, Exception for holding real property placed in service before 1987. Online tax filing 2012 Excluded business, Qualifying business. Online tax filing 2012 Qualified corporation, Qualified corporation. Online tax filing 2012 Qualifying business, Qualifying business. Online tax filing 2012 Recapture rule, Recapture Rule B Borrowed amounts, Amounts borrowed. Online tax filing 2012 C Closely held corporation, Closely held C corporation. Online tax filing 2012 Commercial revitalization deduction, Commercial revitalization deduction (CRD). Online tax filing 2012 Corporations Closely held, Corporations. Online tax filing 2012 , Corporations. Online tax filing 2012 Controlled group of, Controlled group of corporations. Online tax filing 2012 Personal service, Corporations. Online tax filing 2012 , Corporations. Online tax filing 2012 Qualified, Qualified corporation. Online tax filing 2012 CRD, Commercial revitalization deduction (CRD). Online tax filing 2012 D Deductions, passive activity, Passive Activity Deductions Disabled farmer, Retired or disabled farmer and surviving spouse of a farmer. Online tax filing 2012 Disclosure requirement, Appropriate Economic Units Dispositions Death, Dispositions by death. Online tax filing 2012 Gift, Dispositions by gift. Online tax filing 2012 Installment sale, Installment sale of an entire interest. Online tax filing 2012 Partial, Partial dispositions. Online tax filing 2012 E Excluded business, definition of, Qualifying business. Online tax filing 2012 F Farm loss, Excess Farm Loss Farmer, Retired or disabled farmer and surviving spouse of a farmer. Online tax filing 2012 Form 6198, Form 6198. Online tax filing 2012 8582, Step Three—Completing Form 8582 8810, Who Must Use These Rules? Former passive activity, Treatment of former passive activities. Online tax filing 2012 Free tax services, Free help with your tax return. Online tax filing 2012 G Grouping passive activities, Grouping Your Activities H Help (see Tax help) I Income, passive activity, Passive Activity Income L Limited entrepreneur, Limited entrepreneur. Online tax filing 2012 Limited partners, Limited partners. Online tax filing 2012 M Material participation, Material Participation, Corporations. Online tax filing 2012 Modified adjusted gross income, Phaseout rule. Online tax filing 2012 N Nonrecourse loan, Nonrecourse financing. Online tax filing 2012 P Participation, Participation. Online tax filing 2012 Active, Active participation. Online tax filing 2012 Material, Material Participation Passive activity, Passive Activity Limits Comprehensive example, How To Report Your Passive Activity Loss Disposition, Dispositions Former, Treatment of former passive activities. Online tax filing 2012 Grouping, Grouping Your Activities Limits, Passive Activity Limits Material participation, Material Participation Rental, Rental Activities Rules, Passive Activities, Grouping Your Activities Who must use these rules, Who Must Use These Rules? Passive activity deductions, Passive Activity Deductions Passive activity income, Passive Activity Income Passive income, recharacterization of, Recharacterization of Passive Income Publications (see Tax help) Publicly traded partnership, Publicly Traded Partnership, Publicly traded partnership (PTP). Online tax filing 2012 Q Qualified person, nonrecourse financing, Qualified person. Online tax filing 2012 Qualifying business, at-risk rules, Qualifying business. Online tax filing 2012 R Real estate professional, Real Estate Professional Recapture rule under at-risk limits, Recapture Rule Recharacterization of passive income, Recharacterization of Passive Income Reductions of amounts at risk, Reductions of Amounts At Risk Related persons, Related persons. Online tax filing 2012 Rental activity $25,000 offset, Special $25,000 allowance. Online tax filing 2012 Active participation, Active participation. Online tax filing 2012 Exceptions, Exceptions. Online tax filing 2012 Phaseout rule, Phaseout rule. Online tax filing 2012 Real estate professional, Real Estate Professional Retired farmer, Retired or disabled farmer and surviving spouse of a farmer. Online tax filing 2012 S Section 1245 property, Section 1245 property. Online tax filing 2012 Self-charged interest, Self-charged interest. Online tax filing 2012 Separate activity, Separation of Activities Significant participation passive activities, Significant Participation Passive Activities Special $25,000 allowance, Special $25,000 allowance. Online tax filing 2012 Surviving spouse of farmer, Retired or disabled farmer and surviving spouse of a farmer. Online tax filing 2012 T Tax help, How To Get Tax Help Trade or business activities Definition of, Trade or Business Activities Real property, Real property trades or businesses. Online tax filing 2012 W Worksheet 1, Worksheet 1. Online tax filing 2012 Worksheet 3, Worksheet 3. Online tax filing 2012 Worksheet 4, Step Four—Completing Worksheet 4 Worksheet 5, Step Five—Completing Worksheet 5 Worksheet 6, Step Six—Using Worksheets 6 and 7 Worksheet 7, Step Six—Using Worksheets 6 and 7 Worksheet A, Worksheet A. Online tax filing 2012 , Worksheet A. Online tax filing 2012 Significant Participation Passive Activities Worksheet B, Worksheet B. Online tax filing 2012 , Worksheet B. Online tax filing 2012 Significant Participation Activities With Net Income Prev  Up     Home   More Online Publications
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Understanding Your CP156 Notice

We received your Form 990-T, Exempt Organization Business Income Tax Return and Form 8941, Credit for Small Employer Health Premiums


However, we reduced your credit based on the following:


In accordance with the requirements of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended, certain automatic reductions take place as of March 1, 2013.


These required reductions include a reduction to the refundable portion of the Small Business Health Care Tax Credit for certain small tax-exempt employers under Internal Revenue Code Section 45R.


As a result, the refundable portion of your claim will be reduced 8.7% percent. The sequestration reduction rate will be applied until the end of the fiscal year (September 30, 2013), or intervening Congressional action, at which time the sequestration rate is subject to change.
 


What you need to do

  • No action is required

  • Answers to Common Questions

    Can I appeal the decision to reduce my refund?
    Reduction in the amount of your refund is required of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended and can't be appealed.

Page Last Reviewed or Updated: 26-Mar-2014

Printable samples of this notice (PDF)

 

 

How to get help

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

The Online Tax Filing 2012

Online tax filing 2012 Index A Adjusted basis for installment sale, Adjusted basis for installment sale purposes. Online tax filing 2012 Assistance (see Tax help) B Basis Adjusted, Adjusted basis. Online tax filing 2012 Assumed mortgage, Buyer Assumes Mortgage Installment obligation, Basis. Online tax filing 2012 , Basis in installment obligation. Online tax filing 2012 , Basis in installment obligation. Online tax filing 2012 Installment sale, Adjusted basis for installment sale purposes. Online tax filing 2012 Repossessed property, Basis in repossessed property. Online tax filing 2012 , Basis. Online tax filing 2012 Bond, Bond. Online tax filing 2012 Buyer's note, Buyer's note. Online tax filing 2012 C Contingent payment sale, Contingent Payment Sale Contract price, Contract price. Online tax filing 2012 D Dealer sales, special rule, Dealer sales. Online tax filing 2012 Depreciation recapture income, Depreciation Recapture Income Disposition of installment obligation, Disposition of an Installment Obligation E Electing out, Electing Out of the Installment Method Escrow account, Escrow Account F Fair market value, Fair market value (FMV). Online tax filing 2012 , Fair market value (FMV). Online tax filing 2012 Figuring installment sale income, Figuring Installment Sale Income Form 4797, Form 4797, Form 4797. Online tax filing 2012 6252, Form 6252, Reporting an Installment Sale 8594, Reporting requirement. Online tax filing 2012 Schedule D (Form 1040), Schedule D (Form 1040), Other forms. Online tax filing 2012 , Schedule D (Form 1040). Online tax filing 2012 Free tax services, Free help with your tax return. Online tax filing 2012 G Gross profit percentage, Gross profit percentage. Online tax filing 2012 Gross profit, defined, Gross profit. Online tax filing 2012 Guarantee, Debt not payable on demand. Online tax filing 2012 H Help (see Tax help) I Installment obligation Defined, Installment obligation. Online tax filing 2012 Disposition, Disposition of an Installment Obligation Used as security, Installment Obligation Used as Security (Pledge Rule) Installment Sale, What Is an Installment Sale? Interest Escrow account, Escrow Account Income, Interest Income Reporting, Seller-financed mortgage. Online tax filing 2012 Unstated, Installment income after 2013. Online tax filing 2012 Interest on deferred tax, Interest on Deferred Tax Exceptions, Exceptions. Online tax filing 2012 L Like-kind exchange, Like-Kind Exchange N Note Buyer's, Buyer's note. Online tax filing 2012 Third-party, Third-party note. Online tax filing 2012 O Original issue discount, Installment income after 2013. Online tax filing 2012 P Payments considered received, Payments Received or Considered Received Buyer assumes debts, Buyer Assumes Other Debts Buyer pays seller's expenses, Buyer Pays Seller's Expenses Mortgage assumed, Buyer Assumes Mortgage Pledge rule, Installment Obligation Used as Security (Pledge Rule) Payments received, Payments Received or Considered Received Pledge rule, Installment Obligation Used as Security (Pledge Rule) Publications (see Tax help) R Related person Land sale, Land transfers between related persons. Online tax filing 2012 Reporting sale to, Related person. Online tax filing 2012 Sale to, Sale to a Related Person Reporting installment sale, Reporting Installment Sale Income, Reporting an Installment Sale Repossession, Repossession Holding period for resale, Holding period for resales. Online tax filing 2012 Personal property, Personal Property Real property, Real Property S Sale at a loss, Sale at a loss. Online tax filing 2012 Sale of Business, Sale of a Business Home, Sale of Your Home Land between related persons, Land transfers between related persons. Online tax filing 2012 Partnership interest, Sale of Partnership Interest Several assets, Single Sale of Several Assets, Several assets. Online tax filing 2012 Stock or securities, Stock or securities. Online tax filing 2012 Sales by dealers, Dealer sales. Online tax filing 2012 Section 1274, Section 1274 Exceptions, Exceptions to Sections 1274 and 483 Section 483, Section 483 Exceptions, Exceptions to Sections 1274 and 483 Selling expenses, Selling expenses. Online tax filing 2012 Selling price Defined, Selling price. Online tax filing 2012 Reduced, Selling Price Reduced Single sale of several assets, Single Sale of Several Assets, Several assets. Online tax filing 2012 T Tax help, How To Get Tax Help Third-party note, Third-party note. Online tax filing 2012 TTY/TDD information, How To Get Tax Help U Unstated interest, Installment income after 2013. Online tax filing 2012 Prev  Up     Home   More Online Publications