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

Tax Forms For 2012 Federal

How To Fill Out 1040ez 2012Irs Gov Form 1040Doyourtaxes Net2013 State Tax FormsHow Do I File An Amended Tax Return For 2010Amend Your TaxesFile Federal And State TaxesWww Hrblock Com Myreturnstatus1040ezformIrs Tax Form 1040xSelf Employment TaxesAmmended Tax FormHow Can I Do My 2012 Federal Tax Return With H&r BlockState Income Tax Number2011 Tax Forms 1040State Tax Return SoftwareHow Do I Do My 2010 TaxesTax Forms 1040ezFree State Tax Return Filing1040nr Ez 20112012 Income Tax Forms 1040ezFree H And R Block MilitaryE File State Income TaxAmend 2009 Tax Return Online FreeFree Turbotax For MilitaryFree State Tax PrepWww 1040ezFile Free State Tax Return1040x Tax FormsTax Credits For UnemployedWww Irs Gov FileIrs Ez Form2011 Amended Tax Return1040 Ez Tax Return Form2012 Tax Return FilingFiling Form 1040x Electronically1040ez Forms 20142011 Tax Form 1040Ez File TaxesFederal Tax Forms For 2012

Tax Forms For 2012 Federal

Tax forms for 2012 federal 3. Tax forms for 2012 federal   Dispositions of Business Property Table of Contents Introduction Useful Items - You may want to see: What Is a Disposition of Property?Like-kind exchanges. Tax forms for 2012 federal How Do I Figure a Gain or Loss?Is My Gain or Loss Ordinary or Capital? Is My Capital Gain or Loss Short Term or Long Term? Where Do I Report Gains and Losses? Introduction If you dispose of business property, you may have a gain or loss that you report on Form 1040. Tax forms for 2012 federal However, in some cases you may have a gain that is not taxable or a loss that is not deductible. Tax forms for 2012 federal This chapter discusses whether you have a disposition, how to figure the gain or loss, and where to report the gain or loss. Tax forms for 2012 federal Useful Items - You may want to see: Publication 544 Sales and Other Dispositions of Assets Form (and Instructions) 4797 Sales of Business Property Sch D (Form 1040) Capital Gains and Losses See chapter 12 for information about getting publications and forms. Tax forms for 2012 federal What Is a Disposition of Property? A disposition of property includes the following transactions. Tax forms for 2012 federal You sell property for cash or other property. Tax forms for 2012 federal You exchange property for other property. Tax forms for 2012 federal You receive money as a tenant for the cancellation of a lease. Tax forms for 2012 federal You receive money for granting the exclusive use of a copyright throughout its life in a particular medium. Tax forms for 2012 federal You transfer property to satisfy a debt. Tax forms for 2012 federal You abandon property. Tax forms for 2012 federal Your bank or other financial institution forecloses on your mortgage or repossesses your property. Tax forms for 2012 federal Your property is damaged, destroyed, or stolen, and you receive property or money in payment. Tax forms for 2012 federal Your property is condemned, or disposed of under the threat of condemnation, and you receive property or money in payment. Tax forms for 2012 federal For details about damaged, destroyed, or stolen property, see Publication 547, Casualties, Disasters, and Thefts. Tax forms for 2012 federal For details about other dispositions, see chapter 1 in Publication 544. Tax forms for 2012 federal Nontaxable exchanges. Tax forms for 2012 federal   Certain exchanges of property are not taxable. Tax forms for 2012 federal This means any gain from the exchange is not recognized and you cannot deduct any loss. Tax forms for 2012 federal Your gain or loss will not be recognized until you sell or otherwise dispose of the property you receive. Tax forms for 2012 federal Like-kind exchanges. Tax forms for 2012 federal   A like-kind exchange is the exchange of property for the same kind of property. Tax forms for 2012 federal It is the most common type of nontaxable exchange. Tax forms for 2012 federal To be a like-kind exchange, the property traded and the property received must be both of the following. Tax forms for 2012 federal Business or investment property. Tax forms for 2012 federal Like property. Tax forms for 2012 federal   Report the exchange of like-kind property on Form 8824, Like-Kind Exchanges. Tax forms for 2012 federal For more information about like-kind exchanges, see chapter 1 in Publication 544. Tax forms for 2012 federal Installment sales. Tax forms for 2012 federal   An installment sale is a sale of property where you receive at least one payment after the tax year of the sale. Tax forms for 2012 federal If you finance the buyer's purchase of your property, instead of having the buyer get a loan or mortgage from a third party, you probably have an installment sale. Tax forms for 2012 federal   For more information about installment sales, see Publication 537, Installment Sales. Tax forms for 2012 federal Sale of a business. Tax forms for 2012 federal   The sale of a business usually is not a sale of one asset. Tax forms for 2012 federal Instead, all the assets of the business are sold. Tax forms for 2012 federal Generally, when this occurs, each asset is treated as being sold separately for determining the treatment of gain or loss. Tax forms for 2012 federal   Both the buyer and seller involved in the sale of a business must report to the IRS the allocation of the sales price among the business assets. Tax forms for 2012 federal Use Form 8594, Asset Acquisition Statement Under Section 1060, to provide this information. Tax forms for 2012 federal The buyer and seller should each attach Form 8594 to their federal income tax return for the year in which the sale occurred. Tax forms for 2012 federal   For more information about the sale of a business, see chapter 2 of Publication 544. Tax forms for 2012 federal How Do I Figure a Gain or Loss? Table 3-1. Tax forms for 2012 federal How To Figure a Gain or Loss IF your. Tax forms for 2012 federal . Tax forms for 2012 federal . Tax forms for 2012 federal THEN you have a. Tax forms for 2012 federal . Tax forms for 2012 federal . Tax forms for 2012 federal Adjusted basis is more than the amount realized Loss. Tax forms for 2012 federal Amount realized is more than the adjusted basis Gain. Tax forms for 2012 federal Basis, adjusted basis, amount realized, fair market value, and amount recognized are defined next. Tax forms for 2012 federal You need to know these definitions to figure your gain or loss. Tax forms for 2012 federal Basis. Tax forms for 2012 federal   The cost or purchase price of property is usually its basis for figuring the gain or loss from its sale or other disposition. Tax forms for 2012 federal However, if you acquired the property by gift, inheritance, or in some way other than buying it, you must use a basis other than its cost. Tax forms for 2012 federal For more information about basis, see Publication 551, Basis of Assets. Tax forms for 2012 federal Adjusted basis. Tax forms for 2012 federal   The adjusted basis of property is your original cost or other basis plus certain additions, and minus certain deductions such as depreciation and casualty losses. Tax forms for 2012 federal In determining gain or loss, the costs of transferring property to a new owner, such as selling expenses, are added to the adjusted basis of the property. Tax forms for 2012 federal Amount realized. Tax forms for 2012 federal   The amount you realize from a disposition is the total of all money you receive plus the fair market value of all property or services you receive. Tax forms for 2012 federal The amount you realize also includes any of your liabilities that were assumed by the buyer and any liabilities to which the property you transferred is subject, such as real estate taxes or a mortgage. Tax forms for 2012 federal Fair market value. Tax forms for 2012 federal   Fair market value is the price at which the property would change hands between a buyer and a seller, neither having to buy or sell, and both having reasonable knowledge of all necessary facts. Tax forms for 2012 federal Amount recognized. Tax forms for 2012 federal   Your gain or loss realized from a disposition of property is usually a recognized gain or loss for tax purposes. Tax forms for 2012 federal Recognized gains must be included in gross income. Tax forms for 2012 federal Recognized losses are deductible from gross income. Tax forms for 2012 federal However, a gain or loss realized from certain exchanges of property is not recognized. Tax forms for 2012 federal See  Nontaxable exchanges, earlier. Tax forms for 2012 federal Also, you cannot deduct a loss from the disposition of property held for personal use. Tax forms for 2012 federal Is My Gain or Loss Ordinary or Capital? You must classify your gains and losses as either ordinary or capital gains or losses. Tax forms for 2012 federal You must do this to figure your net capital gain or loss. Tax forms for 2012 federal Generally, you will have a capital gain or loss if you dispose of a capital asset. Tax forms for 2012 federal For the most part, everything you own and use for personal purposes or investment is a capital asset. Tax forms for 2012 federal Certain property you use in your business is not a capital asset. Tax forms for 2012 federal A gain or loss from a disposition of this property is an ordinary gain or loss. Tax forms for 2012 federal However, if you held the property longer than 1 year, you may be able to treat the gain or loss as a capital gain or loss. Tax forms for 2012 federal These gains and losses are called section 1231 gains and losses. Tax forms for 2012 federal For more information about ordinary and capital gains and losses, see chapters 2 and 3 in Publication 544. Tax forms for 2012 federal Is My Capital Gain or Loss Short Term or Long Term? If you have a capital gain or loss, you must determine whether it is long term or short term. Tax forms for 2012 federal Whether a gain or loss is long or short term depends on how long you own the property before you dispose of it. Tax forms for 2012 federal The time you own property before disposing of it is called the holding period. Tax forms for 2012 federal Table 3-2. Tax forms for 2012 federal Do I Have a Short-Term or Long-Term Gain or Loss? IF you hold the property. Tax forms for 2012 federal . Tax forms for 2012 federal . Tax forms for 2012 federal THEN you have a. Tax forms for 2012 federal . Tax forms for 2012 federal . Tax forms for 2012 federal 1 year or less Short-term capital gain or loss. Tax forms for 2012 federal More than 1 year Long-term capital gain or loss. Tax forms for 2012 federal For more information about short-term and long-term capital gains and losses, see chapter 4 of Publication 544. Tax forms for 2012 federal Where Do I Report Gains and Losses? Report gains and losses from the following dispositions on the forms indicated. Tax forms for 2012 federal The instructions for the forms explain how to fill them out. Tax forms for 2012 federal Dispositions of business property and depreciable property. Tax forms for 2012 federal   Use Form 4797. Tax forms for 2012 federal If you have taxable gain, you may also have to use Schedule D (Form 1040). Tax forms for 2012 federal Like-kind exchanges. Tax forms for 2012 federal   Use Form 8824, Like-Kind Exchanges. Tax forms for 2012 federal You may also have to use Form 4797 and Schedule D (Form 1040). Tax forms for 2012 federal Installment sales. Tax forms for 2012 federal   Use Form 6252, Installment Sale Income. Tax forms for 2012 federal You may also have to use Form 4797 and Schedule D (Form 1040). Tax forms for 2012 federal Casualties and thefts. Tax forms for 2012 federal   Use Form 4684, Casualties and Thefts. Tax forms for 2012 federal You may also have to use Form 4797. Tax forms for 2012 federal Condemned property. Tax forms for 2012 federal   Use Form 4797. Tax forms for 2012 federal You may also have to use Schedule D (Form 1040). Tax forms for 2012 federal Prev  Up  Next   Home   More Online Publications
Print - Click this link to Print this page

IRS Clarifies Temporary ITIN Application Requirements for Noncitizens with Tax Extensions and Many Foreign Students

Effective Oct. 2, 2012, the IRS implemented two separate clarifying changes to its temporary procedures for issuing Individual Taxpayer Identification Numbers (ITINs).  

First, the IRS will allow individuals studying in the United States under the Student Exchange Visitors Program (SEVP) to get ITINs under a streamlined procedure. SEVP participants already provide documentation to the Department of Homeland Security under the requirements of that program, and will need a letter from their educational institution verifying their status.

Second, the IRS is creating special procedures for taxpayers who have an approved Tax Year 2011 extension to file their completed tax returns.

Under these temporary procedures, eligible taxpayers will be allowed to have their original documents certified by a Certifying Acceptance Agent (CAA) or a SEVP approved institution as appropriate rather than mailing originals to the IRS. Extension filers that choose to not submit originals documents or copies certified by the issuing agency, must apply through a CAA and individuals studying under the SEVP will be required to apply through a university, college or other SEVP-approved institution. For both groups, these temporary procedures cover applications for the primary applicant, their spouse and dependents.

Designed specifically for tax-administration purposes, ITINs are only issued to people who are not eligible to obtain a Social Security Number. ITINs assist the IRS with the collection of taxes from foreign nationals, nonresident aliens and others who have filing or payment obligations under U.S. law. The tightened interim guidelines, announced in June, remain in effect for most other noncitizens. More information about ITINs and these interim guidelines can be found at 2012 ITIN Review Frequently Asked Questions.

The temporary procedures apply to these two groups of taxpayers:

  1. Noncitizens that have filed extensions: These are noncitizens who requested an extension of time to file a 2011 federal income tax return for resident and nonresident aliens and choose to not submit originals documents or copies certified by the issuing agency. The ITINs issued under this procedure are temporary, expiring one year from the extended return due date (e.g., Oct. 15, 2013). The noncitizens must submit their W-7 and related identification documents through a CAA, along with Form W-7 and related attachments. See below for special instructions for CAAs. 
  2. SEVP Students: These are individuals admitted to the U.S. under an F, J or M visa who receive taxable scholarship, fellowship or other grants reportable by the school on Form W-2 or Form 1042-S. See below for special instructions for SEVP institutions, including a sample certification letter.

As previously announced, the IRS is in the process of conducting a review of its ITIN procedures.  Final rules will be issued before the start of the 2013 filing season. 

Related Information:

 

Page Last Reviewed or Updated: 18-Sep-2013

The Tax Forms For 2012 Federal

Tax forms for 2012 federal Publication 595 - Main Contents Table of Contents Capital Construction FundCCF Accounts Types of Accounts You Must Maintain Within a CCF Tax Treatment of CCF Deposits Tax Treatment of CCF Earnings Tax Treatment of CCF Withdrawals More Information How To Get Tax Help Capital Construction Fund The following sections discuss CCF accounts and the types of bookkeeping accounts you must maintain when you invest in a CCF account. Tax forms for 2012 federal They also discuss the income tax treatment of CCF deposits, earnings, and withdrawals. Tax forms for 2012 federal CCF Accounts This section explains who can open a CCF account and how to use the account to defer income tax. Tax forms for 2012 federal Opening a CCF account. Tax forms for 2012 federal   If you are a U. Tax forms for 2012 federal S. Tax forms for 2012 federal citizen and you own or lease one or more eligible vessels (defined later), you can open a CCF account. Tax forms for 2012 federal However, before you open your CCF account, you must enter into an agreement with the Secretary of Commerce through the NMFS. Tax forms for 2012 federal This agreement will establish the following. Tax forms for 2012 federal Agreement vessels. Tax forms for 2012 federal Eligible vessels named in the agreement that will be the basis for the deferral of income tax. Tax forms for 2012 federal Planned use of withdrawals. Tax forms for 2012 federal Use of CCF funds to acquire, build, or rebuild a vessel. Tax forms for 2012 federal CCF depository. Tax forms for 2012 federal Where your CCF funds will be held. Tax forms for 2012 federal    You can request an application kit or get additional information from NMFS at the following address. Tax forms for 2012 federal NOAA/NMFS, Financial Services Division, F/MB5 Capital Construction Fund Program 1315 East-West Highway Silver Spring, MD 20910-3282    You can obtain information on the Capital Construction Fund Program at the following website: www. Tax forms for 2012 federal nmfs. Tax forms for 2012 federal noaa. Tax forms for 2012 federal gov/mb/financial_services/ccf. Tax forms for 2012 federal htm. Tax forms for 2012 federal    You can call NMFS to request an application kit or get additional information at (301) 713-2393 (ext. Tax forms for 2012 federal 204). Tax forms for 2012 federal Their fax number is (301) 713-1939. Tax forms for 2012 federal Eligible vessels. Tax forms for 2012 federal   There are two types of vessels that may be considered eligible, those weighing 5 tons or more and those weighing less than 5 tons. Tax forms for 2012 federal For each type, certain requirements must be met. Tax forms for 2012 federal Vessel weighing 5 tons or more. Tax forms for 2012 federal   To be considered eligible, the vessel must meet all the following requirements. Tax forms for 2012 federal Be built or rebuilt in the United States. Tax forms for 2012 federal Be documented under the laws of the United States. Tax forms for 2012 federal Be used commercially in the fisheries of the United States. Tax forms for 2012 federal Be operated in the foreign or domestic commerce of the United States. Tax forms for 2012 federal Vessel weighing less than 5 tons. Tax forms for 2012 federal   A small vessel, weighing at least 2 net tons but less than 5 net tons, must meet all the following requirements to be considered eligible. Tax forms for 2012 federal Be built or rebuilt in the United States. Tax forms for 2012 federal Be owned by a U. Tax forms for 2012 federal S. Tax forms for 2012 federal citizen. Tax forms for 2012 federal Have a home port in the United States. Tax forms for 2012 federal Be used commercially in the fisheries of the United States. Tax forms for 2012 federal Deferring tax on CCF deposits and earnings. Tax forms for 2012 federal   You can use a CCF account to defer income tax by taking the following actions. Tax forms for 2012 federal Making deposits to your CCF account from taxable income. Tax forms for 2012 federal Excluding from income deposits assigned to certain accounts (discussed later). Tax forms for 2012 federal Making withdrawals from your CCF account when you acquire, build, or rebuild fishing vessels. Tax forms for 2012 federal Reducing the basis of fishing vessels you acquire, build, or rebuild to recapture amounts previously excluded from tax. Tax forms for 2012 federal    Reporting requirements. Tax forms for 2012 federal Beginning with the tax year in which you establish your agreement, you must report annual deposit and withdrawal activity to the NMFS on NOAA Form 34-82. Tax forms for 2012 federal This form is due within 30 days after you file your federal income tax return even if no deposits or withdrawals are made. Tax forms for 2012 federal For more information, contact the NMFS at the address or phone number given earlier. Tax forms for 2012 federal Types of Accounts You Must Maintain Within a CCF This section discusses the three types of bookkeeping accounts you must maintain when you invest in a CCF account. Tax forms for 2012 federal Your total CCF deposits and earnings for any given year are limited to the amount attributed to these three accounts for that year. Tax forms for 2012 federal Capital account. Tax forms for 2012 federal   The capital account consists primarily of amounts attributable to the following items. Tax forms for 2012 federal Allowable depreciation deductions for agreement vessels. Tax forms for 2012 federal Any nontaxable return of capital from either (a) or (b), below. Tax forms for 2012 federal The sale or other disposition of agreement vessels. Tax forms for 2012 federal Insurance or indemnity proceeds attributable to agreement vessels. Tax forms for 2012 federal Any tax-exempt interest earned on state or local bonds in your CCF account. Tax forms for 2012 federal Capital gain account. Tax forms for 2012 federal   The capital gain account consists of amounts attributable to the following items reduced by any capital losses from assets held in your CCF account for more than 6 months. Tax forms for 2012 federal Any capital gain from either of the following sources. Tax forms for 2012 federal The sale or other disposition of agreement vessels held for more than 6 months. Tax forms for 2012 federal Insurance or indemnity proceeds attributable to agreement vessels held for more than 6 months. Tax forms for 2012 federal Any capital gain from assets held in your CCF account for more than 6 months. Tax forms for 2012 federal Ordinary income account. Tax forms for 2012 federal   The ordinary income account consists of amounts attributable to the following items. Tax forms for 2012 federal Any earnings (without regard to the carryback of any net operating or net capital loss) from the operation of agreement vessels in the fisheries of the United States or in the foreign or domestic commerce of the United States. Tax forms for 2012 federal Any capital gain from the following sources reduced by any capital losses from assets held in your CCF account for 6 months or less. Tax forms for 2012 federal The sale or other disposition of agreement vessels held for 6 months or less. Tax forms for 2012 federal Insurance or indemnity proceeds attributable to agreement vessels held for 6 months or less. Tax forms for 2012 federal Any capital gain from assets held in your CCF account for 6 months or less. Tax forms for 2012 federal Any ordinary income (such as depreciation recapture) from either of the following sources. Tax forms for 2012 federal The sale or other disposition of agreement vessels. Tax forms for 2012 federal Insurance or indemnity proceeds attributable to agreement vessels. Tax forms for 2012 federal Any interest (not including tax-exempt interest from state and local bonds), most dividends, and other ordinary income earned on the assets in your CCF account. Tax forms for 2012 federal Tax Treatment of CCF Deposits This section explains the tax treatment of income used as the basis for CCF deposits. Tax forms for 2012 federal Capital gains. Tax forms for 2012 federal   Do not report any transaction that produces a capital gain if you deposit the net proceeds into your CCF account. Tax forms for 2012 federal This treatment applies to either of the following transactions. Tax forms for 2012 federal The sale or other disposition of an agreement vessel. Tax forms for 2012 federal The receipt of insurance or indemnity proceeds attributable to an agreement vessel. Tax forms for 2012 federal Depreciation recapture. Tax forms for 2012 federal   Do not report any transaction that produces depreciation recapture if you deposit the net proceeds into your CCF account. Tax forms for 2012 federal This treatment applies to either of the following transactions. Tax forms for 2012 federal The sale or other disposition of an agreement vessel. Tax forms for 2012 federal The receipt of insurance or indemnity proceeds attributable to an agreement vessel. Tax forms for 2012 federal Earnings from operations. Tax forms for 2012 federal   Report earnings from the operation of agreement vessels on your Schedule C or C-EZ (Form 1040) even if you deposit part of these earnings into your CCF account. Tax forms for 2012 federal You subtract any part of the earnings you deposited into your CCF account from the amount you would otherwise enter as taxable income on Form 1040, line 43 (for 2005). Tax forms for 2012 federal Next to line 43, write “CCF” and the amount of the deposits. Tax forms for 2012 federal Do not deduct these CCF deposits on Schedule C or C-EZ (Form 1040). Tax forms for 2012 federal If you deposit earnings from operations into your CCF account and you must complete other forms such as Form 6251, Alternative Minimum Tax (Individuals), or a worksheet for Schedule D (Form 1040), you will need to make an extra computation. Tax forms for 2012 federal When the other form instructs you to use the amount from Form 1040, line 41 (for 2005), do not use that amount. Tax forms for 2012 federal Instead, add Form 1040, lines 42 and 43 (for 2005), and use that amount. Tax forms for 2012 federal Self-employment tax. Tax forms for 2012 federal   You must use your net profit or loss from your fishing business to figure your self-employment tax. Tax forms for 2012 federal Do not reduce your net profit or loss by any earnings from operations you deposit into your CCF account. Tax forms for 2012 federal    Partnerships and S corporations. Tax forms for 2012 federal The deduction for partnership earnings from operations deposited into a CCF account is separately stated on Schedule K (Form 1065), line 13d, and allocated to the partners on Schedule K-1 (Form 1065), box 13 (for 2005). Tax forms for 2012 federal   The deduction for S corporation earnings deposited into a CCF account is separately stated on Schedule K (Form 1120S), line 12d, and allocated to the shareholders on Schedule K-1 (Form 1120S), box 12 (for 2005). Tax forms for 2012 federal Tax Treatment of CCF Earnings This section explains the tax treatment of the earnings from the assets in your CCF account when the earnings are redeposited or left in your account. Tax forms for 2012 federal However, if you choose to withdraw the earnings in the year earned, you must generally pay income tax on them. Tax forms for 2012 federal Capital gains. Tax forms for 2012 federal   Do not report any capital gains from the sale of capital assets held in your CCF account. Tax forms for 2012 federal This includes capital gain distributions reported to you on Form 1099-DIV or a substitute statement. Tax forms for 2012 federal However, you should attach a statement to your tax return to list the payers and the amounts and to identify the capital gains as “CCF account earnings. Tax forms for 2012 federal ” Interest and dividends. Tax forms for 2012 federal   Do not report any ordinary income (such as interest and dividends) you earn on the assets in your CCF account. Tax forms for 2012 federal However, you should attach a statement to your return to list the payers and the amounts and to identify them as “CCF account earnings. Tax forms for 2012 federal ”   If you are required to file Schedule B (Form 1040), you can add these earnings to the list of payers and amounts on line 1 or line 5 and identify them as “CCF earnings. Tax forms for 2012 federal ” Then, subtract the same amounts from the list and identify them as “CCF deposits. Tax forms for 2012 federal ” Tax-exempt interest. Tax forms for 2012 federal   Do not report tax-exempt interest from state or local bonds you held in your CCF account. Tax forms for 2012 federal You are not required to report this interest on Form 1040, line 8b. Tax forms for 2012 federal Tax Treatment of CCF Withdrawals This section discusses the tax treatment of amounts you withdraw from your CCF account during the year. Tax forms for 2012 federal Qualified Withdrawals A qualified withdrawal from a CCF account is one that is approved by NMFS for either of the following uses. Tax forms for 2012 federal Acquiring, building, or rebuilding qualified vessels (defined next). Tax forms for 2012 federal Making principal payments on the mortgage of a qualified vessel. Tax forms for 2012 federal NMFS will not approve amounts withdrawn to purchase nets not continuously attached to the vessel, such as seine nets, gill set-nets, and gill drift-nets. Tax forms for 2012 federal NMFS will approve amounts withdrawn to purchase trawl nets. Tax forms for 2012 federal Qualified vessel. Tax forms for 2012 federal   This is any vessel that meets all of the following requirements. Tax forms for 2012 federal The vessel was built or rebuilt in the United States. Tax forms for 2012 federal The vessel is documented under the laws of the United States. Tax forms for 2012 federal The person maintaining the CCF account agrees with the Secretary of Commerce that the vessel will be operated in United States foreign trade, Great Lakes trade, noncontiguous domestic trade, or the fisheries of the United States. Tax forms for 2012 federal How to determine the source of qualified withdrawals. Tax forms for 2012 federal   When you make a qualified withdrawal, the amount is treated as being withdrawn in the following order from the accounts listed below. Tax forms for 2012 federal The capital account. Tax forms for 2012 federal The capital gain account. Tax forms for 2012 federal The ordinary income account. Tax forms for 2012 federal Excluding qualified withdrawals from tax. Tax forms for 2012 federal   Do not report on your income tax return any qualified withdrawals from your CCF account. Tax forms for 2012 federal Reduce the depreciable basis of fishing vessels you acquire, build, or rebuild when you make a qualified withdrawal from either the capital gain or the ordinary income account. Tax forms for 2012 federal Nonqualified Withdrawals A nonqualified withdrawal from a CCF account is generally any withdrawal that is not a qualified withdrawal. Tax forms for 2012 federal Qualified withdrawals are defined under Qualified Withdrawals, earlier. Tax forms for 2012 federal Examples. Tax forms for 2012 federal   Examples of nonqualified withdrawals include the following amounts from either the ordinary income account or the capital gain account. Tax forms for 2012 federal Amounts remaining in a CCF account upon termination of your agreement with NMFS. Tax forms for 2012 federal Amounts you withdraw and use to make principal payments on the mortgage of a vessel if the basis of that vessel and the bases of other vessels you own have already been reduced to zero. Tax forms for 2012 federal Amounts determined by the IRS to cause your CCF account balance to exceed the amount appropriate to meet your planned use of withdrawals. Tax forms for 2012 federal You will generally be given 3 years to revise your plans to cover this excess balance. Tax forms for 2012 federal Amounts you leave in your account for more than 25 years. Tax forms for 2012 federal There is a graduated schedule under which the percentage applied to determine the amount of the nonqualified withdrawal increases from 20% in the 26th year to 100% in the 30th year. Tax forms for 2012 federal How to determine the source of nonqualified withdrawals. Tax forms for 2012 federal    When you make a nonqualified withdrawal from your CCF account, the amount is treated as being withdrawn in the following order from the accounts listed below. Tax forms for 2012 federal The ordinary income account. Tax forms for 2012 federal The capital gain account. Tax forms for 2012 federal The capital account. Tax forms for 2012 federal Paying tax on nonqualified withdrawals. Tax forms for 2012 federal   In general, nonqualified withdrawals are taxed separately from your other gross income and at the highest marginal tax rate in effect for the year of withdrawal. Tax forms for 2012 federal However, nonqualified withdrawals treated as made from the capital gain account are taxed at a rate that cannot exceed 15% for individuals and 34% for corporations. Tax forms for 2012 federal    Partnerships and S corporations. Tax forms for 2012 federal Taxable nonqualified partnership withdrawals are separately stated on Schedule K (Form 1065), line 20c, and allocated to the partners on Schedule K-1 (Form 1065), box 20 (for 2005). Tax forms for 2012 federal Taxable nonqualified withdrawals by an S corporation are separately stated on Schedule K (Form 1120S), line 17d, and allocated to the shareholders on Schedule K-1 (Form 1120S), box 17. Tax forms for 2012 federal Interest. Tax forms for 2012 federal   You must pay interest on the additional tax due to nonqualified withdrawals that are treated as made from either the ordinary income or the capital gain account. Tax forms for 2012 federal The interest period begins on the last date for paying tax for the year for which you deposited the amount you withdrew from your CCF account. Tax forms for 2012 federal The period ends on the last date for paying tax for the year in which you make the nonqualified withdrawal. Tax forms for 2012 federal The interest rate on the nonqualified withdrawal is simple interest. Tax forms for 2012 federal The rate is subject to change annually and is published in the Federal Register. Tax forms for 2012 federal    You also can call NMFS at (301) 713-2393 (ext. Tax forms for 2012 federal 204) to get the current interest rate. Tax forms for 2012 federal Interest deduction. Tax forms for 2012 federal   You can deduct the interest you pay on a nonqualified withdrawal as a trade or business expense. Tax forms for 2012 federal Reporting the additional tax and interest. Tax forms for 2012 federal   Attach a statement to your income tax return showing your computation of the tax and the interest on a nonqualified withdrawal. Tax forms for 2012 federal Include the tax and interest on Form 1040, line 63 (for 2005). Tax forms for 2012 federal To the left of line 63, write in the amount of tax and interest and “CCF. Tax forms for 2012 federal ” Tax benefit rule. Tax forms for 2012 federal   If any portion of your nonqualified withdrawal is properly attributable to contributions (not earnings on the contributions) you made to the CCF account that did not reduce your tax liability for any tax year prior to the withdrawal year, the following tax treatment applies. Tax forms for 2012 federal The part that did not reduce your tax liability for any year prior to the withdrawal year is not taxed. Tax forms for 2012 federal That part is allowed as a net operating loss deduction. Tax forms for 2012 federal More Information This section briefly discussed the CCF program. Tax forms for 2012 federal For more detailed information, see the following legislative authorities. Tax forms for 2012 federal Section 607 of the Merchant Marine Act of 1936, as amended (46 U. Tax forms for 2012 federal S. Tax forms for 2012 federal C. Tax forms for 2012 federal 1177). Tax forms for 2012 federal Chapter 2, Part 259 of title 50 of the Code of Federal Regulations (50 C. Tax forms for 2012 federal F. Tax forms for 2012 federal R. Tax forms for 2012 federal , Part 259). Tax forms for 2012 federal Subchapter A, Part 3 of title 26 of the Code of Federal Regulations (26 C. Tax forms for 2012 federal F. Tax forms for 2012 federal R. Tax forms for 2012 federal , Part 3). Tax forms for 2012 federal Section 7518 of the Internal Revenue Code (IRC 7518). Tax forms for 2012 federal The application kit you can obtain from NMFS at the address or phone number given earlier may contain copies of some of these sources of additional information. Tax forms for 2012 federal Also, see their web page at www. Tax forms for 2012 federal nmfs. Tax forms for 2012 federal noaa. Tax forms for 2012 federal gov/mb/financial_services/ccf. Tax forms for 2012 federal htm. Tax forms for 2012 federal How To Get Tax Help You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get information from the IRS in several ways. Tax forms for 2012 federal By selecting the method that is best for you, you will have quick and easy access to tax help. Tax forms for 2012 federal Contacting your Taxpayer Advocate. Tax forms for 2012 federal   If you have attempted to deal with an IRS problem unsuccessfully, you should contact your Taxpayer Advocate. Tax forms for 2012 federal   The Taxpayer Advocate independently represents your interests and concerns within the IRS by protecting your rights and resolving problems that have not been fixed through normal channels. Tax forms for 2012 federal While Taxpayer Advocates cannot change the tax law or make a technical tax decision, they can clear up problems that resulted from previous contacts and ensure that your case is given a complete and impartial review. Tax forms for 2012 federal   To contact your Taxpayer Advocate: Call the Taxpayer Advocate toll free at 1-877-777-4778, Call, write, or fax the Taxpayer Advocate office in your area, Call 1-800-829-4059 if you are a TTY/TDD user, or Visit www. Tax forms for 2012 federal irs. Tax forms for 2012 federal gov/advocate. Tax forms for 2012 federal   For more information, see Publication 1546, How To Get Help With Unresolved Tax Problems (now available in Chinese, Korean, Russian, and Vietnamese, in addition to English and Spanish). Tax forms for 2012 federal Free tax services. Tax forms for 2012 federal   To find out what services are available, get Publication 910, IRS Guide to Free Tax Services. Tax forms for 2012 federal It contains a list of free tax publications and an index of tax topics. Tax forms for 2012 federal It also describes other free tax information services, including tax education and assistance programs and a list of TeleTax topics. Tax forms for 2012 federal Internet. Tax forms for 2012 federal You can access the IRS website 24 hours a day, 7 days a week, at www. Tax forms for 2012 federal irs. Tax forms for 2012 federal gov to: E-file your return. Tax forms for 2012 federal Find out about commercial tax preparation and e-file services available free to eligible taxpayers. Tax forms for 2012 federal Check the status of your refund. Tax forms for 2012 federal Click on Where's My Refund. Tax forms for 2012 federal Be sure to wait at least 6 weeks from the date you filed your return (3 weeks if you filed electronically). Tax forms for 2012 federal Have your tax return available because you will need to know your social security number, your filing status, and the exact whole dollar amount of your refund. Tax forms for 2012 federal Download forms, instructions, and publications. Tax forms for 2012 federal Order IRS products online. Tax forms for 2012 federal Research your tax questions online. Tax forms for 2012 federal Search publications online by topic or keyword. Tax forms for 2012 federal View Internal Revenue Bulletins (IRBs) published in the last few years. Tax forms for 2012 federal Figure your withholding allowances using our Form W-4 calculator. Tax forms for 2012 federal Sign up to receive local and national tax news by email. Tax forms for 2012 federal Get information on starting and operating a small business. Tax forms for 2012 federal Phone. Tax forms for 2012 federal Many services are available by phone. Tax forms for 2012 federal Ordering forms, instructions, and publications. Tax forms for 2012 federal Call 1-800-829-3676 to order current-year forms, instructions, and publications and prior-year forms and instructions. Tax forms for 2012 federal You should receive your order within 10 days. Tax forms for 2012 federal Asking tax questions. Tax forms for 2012 federal Call the IRS with your tax questions at 1-800-829-1040. Tax forms for 2012 federal Solving problems. Tax forms for 2012 federal You can get face-to-face help solving tax problems every business day in IRS Taxpayer Assistance Centers. Tax forms for 2012 federal An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. Tax forms for 2012 federal Call your local Taxpayer Assistance Center for an appointment. Tax forms for 2012 federal To find the number, go to www. Tax forms for 2012 federal irs. Tax forms for 2012 federal gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. Tax forms for 2012 federal TTY/TDD equipment. Tax forms for 2012 federal If you have access to TTY/TDD equipment, call 1-800-829-4059 to ask tax questions or to order forms and publications. Tax forms for 2012 federal TeleTax topics. Tax forms for 2012 federal Call 1-800-829-4477 and press 2 to listen to pre-recorded messages covering various tax topics. Tax forms for 2012 federal Refund information. Tax forms for 2012 federal If you would like to check the status of your refund, call 1-800-829-4477 and press 1 for automated refund information and follow the recorded instructions or call 1-800-829-1954. Tax forms for 2012 federal Be sure to wait at least 6 weeks from the date you filed your return (3 weeks if you filed electronically). Tax forms for 2012 federal Have your tax return available because you will need to know your social security number, your filing status, and the exact whole dollar amount of your refund. Tax forms for 2012 federal Evaluating the quality of our telephone services. Tax forms for 2012 federal To ensure that IRS representatives give accurate, courteous, and professional answers, we use several methods to evaluate the quality of our telephone services. Tax forms for 2012 federal One method is for a second IRS representative to sometimes listen in on or record telephone calls. Tax forms for 2012 federal Another is to ask some callers to complete a short survey at the end of the call. Tax forms for 2012 federal Walk-in. Tax forms for 2012 federal Many products and services are available on a walk-in basis. Tax forms for 2012 federal Products. Tax forms for 2012 federal You can walk in to many post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. Tax forms for 2012 federal Some IRS offices, libraries, grocery stores, copy centers, city and county government offices, credit unions, and office supply stores have a collection of products available to print from a CD-ROM or photocopy from reproducible proofs. Tax forms for 2012 federal Also, some IRS offices and libraries have the Internal Revenue Code, regulations, Internal Revenue Bulletins, and Cumulative Bulletins available for research purposes. Tax forms for 2012 federal Services. Tax forms for 2012 federal You can walk in to your local Taxpayer Assistance Center every business day for personal, face-to-face tax help. Tax forms for 2012 federal An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. Tax forms for 2012 federal If you need to resolve a tax problem, have questions about how the tax law applies to your individual tax return, or you're more comfortable talking with someone in person, visit your local Taxpayer Assistance Center where you can spread out your records and talk with an IRS representative face-to-face. Tax forms for 2012 federal No appointment is necessary, but if you prefer, you can call your local Center and leave a message requesting an appointment to resolve a tax account issue. Tax forms for 2012 federal A representative will call you back within 2 business days to schedule an in-person appointment at your convenience. Tax forms for 2012 federal To find the number, go to www. Tax forms for 2012 federal irs. Tax forms for 2012 federal gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. Tax forms for 2012 federal Mail. Tax forms for 2012 federal You can send your order for forms, instructions, and publications to the address below and receive a response within 10 business days after your request is received. Tax forms for 2012 federal National Distribution Center P. Tax forms for 2012 federal O. Tax forms for 2012 federal Box 8903 Bloomington, IL 61702-8903 CD-ROM for tax products. Tax forms for 2012 federal You can order Publication 1796, IRS Tax Products on CD-ROM, and obtain: A CD that is released twice so you have the latest products. Tax forms for 2012 federal The first release ships in late December and the final release ships in late February. Tax forms for 2012 federal Current-year forms, instructions, and publications. Tax forms for 2012 federal Prior-year forms, instructions, and publications. Tax forms for 2012 federal Tax Map: an electronic research tool and finding aid. Tax forms for 2012 federal Tax law frequently asked questions (FAQs). Tax forms for 2012 federal Tax Topics from the IRS telephone response system. Tax forms for 2012 federal Fill-in, print, and save features for most tax forms. Tax forms for 2012 federal Internal Revenue Bulletins. Tax forms for 2012 federal Toll-free and email technical support. Tax forms for 2012 federal Buy the CD-ROM from National Technical Information Service (NTIS) at www. Tax forms for 2012 federal irs. Tax forms for 2012 federal gov/cdorders for $25 (no handling fee) or call 1-877-233-6767 toll free to buy the CD-ROM for $25 (plus a $5 handling fee). Tax forms for 2012 federal CD-ROM for small businesses. Tax forms for 2012 federal Publication 3207, Small Business Resource Guide CD-ROM, has a new look and enhanced navigation features. Tax forms for 2012 federal This CD includes: Helpful information, such as how to prepare a business plan, find financing for your business, and much more. Tax forms for 2012 federal All the business tax forms, instructions, and publications needed to successfully manage a business. Tax forms for 2012 federal Tax law changes. Tax forms for 2012 federal IRS Tax Map to help you find forms, instructions, and publications by searching on a keyword or topic. Tax forms for 2012 federal Web links to various government agencies, business associations, and IRS organizations. Tax forms for 2012 federal “Rate the Product” survey—your opportunity to suggest changes for future editions. Tax forms for 2012 federal An updated version of this CD is available each year in early April. Tax forms for 2012 federal You can get a free copy by calling 1-800-829-3676 or by visiting www. Tax forms for 2012 federal irs. Tax forms for 2012 federal gov/smallbiz. Tax forms for 2012 federal Prev  Up  Next   Home   More Online Publications