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Tax Preparation Forms

Tax preparation forms Index Symbols 1231 property sale, Sale of property interest. Tax preparation forms 401(k) plans, Elective Deferrals Excess contributions, Excess Contributions 403(b) plans, Elective Deferrals Limit for, Limit for tax-sheltered annuities. Tax preparation forms 457 plans, Elective Deferrals Limit for deferrals under, Limit for deferrals under section 457 plans. Tax preparation forms 501(c)(18)(D) plans, Elective Deferrals Contributions, Section 501(c)(18)(D) contributions. Tax preparation forms 501(c)(3) organizations, Student loans. Tax preparation forms 529 program, Qualified tuition program (QTP). Tax preparation forms 83(b) election, How to make the choice. Tax preparation forms A Academic health centers Meals and lodging when teaching and research organization, Academic health center. Tax preparation forms Accelerated death benefits, Accelerated Death Benefits Accident insurance, Accident or Health Plan Accidental death benefits, Accidental death benefits. Tax preparation forms Accrual method taxpayers, Prepaid income. Tax preparation forms Accrued leave payment At time of retirement or resignation, Accrued leave payment. Tax preparation forms Disability retirement, Accrued leave payment. Tax preparation forms Activity not for profit, Activity not for profit. Tax preparation forms Adoption Employer assistance, Adoption Assistance Advance commissions, Miscellaneous Compensation Aircraft, Flights on employer-provided aircraft. Tax preparation forms Airlines No-additional-cost services, No-Additional-Cost Services Valuation of flights on employer-provided aircraft, Flights on employer-provided aircraft. Tax preparation forms Alaska Permanent Fund dividend, Alaska Permanent Fund dividend. Tax preparation forms Alien status, waiver of, Waiver of alien status. Tax preparation forms Aliens Nonresident, Nonresident aliens. Tax preparation forms Alimony, Alimony. Tax preparation forms Alternative minimum tax (AMT) Recoveries, refiguring of, Subject to alternative minimum tax. Tax preparation forms Stock options, Alternative minimum tax (AMT). Tax preparation forms Annuities Charitable gift, Charitable gift annuities. Tax preparation forms Railroad retirement, Railroad retirement annuities. Tax preparation forms Tax-sheltered, Limit for tax-sheltered annuities. Tax preparation forms Archer MSAs, Archer MSA contributions. Tax preparation forms , Medical savings accounts (Archer MSAs and Medicare Advantage MSAs). Tax preparation forms Armed forces, Military Combat zone bonus, Veterans' benefits. Tax preparation forms Disability, Disability. Tax preparation forms Disability pensions, Military and Government Disability Pensions Health professions scholarship, Tuition Reduction Military action as cause of disability injuries, Terrorist attack or military action. Tax preparation forms Qualified reservist distribution, Qualified reservist distribution (QRD). Tax preparation forms Rehabilitative program payments, Veterans' benefits. Tax preparation forms Retirement pay, Military retirement pay. Tax preparation forms Veterans benefits, Veterans' benefits. Tax preparation forms Assistance (see Tax help) Athletic facilities, employer-provided, Athletic Facilities Automobile (see Vehicle, employer-provided) Awards (see Damages from lawsuits) B Babysitting, Babysitting. Tax preparation forms Back pay, award for, Back pay awards. Tax preparation forms Backup withholding Barter exchange transactions, Backup withholding. Tax preparation forms Bankruptcy Canceled debt not deemed to be income, Excluded debt. Tax preparation forms Barter income, Bartering Below-market loans, Below-market loans. Tax preparation forms Bequest for services, Bequest for services. Tax preparation forms Bicycle, Transportation Fringe benefit, Qualified bicycle commuting. Tax preparation forms Black lung benefit payments, Black lung benefit payments. Tax preparation forms Bonuses, Bonuses and awards. Tax preparation forms , Employee awards or bonuses. Tax preparation forms Breach of contract Damages as income, Court awards and damages. Tax preparation forms Bribes, Bribes. Tax preparation forms Business expenses Reimbursements, Allowances and reimbursements. Tax preparation forms Business income, Business and Investment Income, More information. Tax preparation forms C Cafeteria plans, Cafeteria plans. Tax preparation forms Campaign contributions, Campaign contributions. Tax preparation forms Campus lodging, Qualified campus lodging. Tax preparation forms , Moving Expense Reimbursements Cancellation of debt, Canceled Debts Cancellation of sales contracts, Canceled sales contract. Tax preparation forms Capital gains Recoveries, Capital gains. Tax preparation forms , Capital gains. Tax preparation forms Capital gains or losses Employee stock option plans (ESOPs), Option granted at a discount. Tax preparation forms Incentive stock options (ISOs), Incentive stock options (ISOs). Tax preparation forms Sale of personal property, Sale of personal items. Tax preparation forms Car (see Vehicle, employer-provided) Car pools, Car pools. Tax preparation forms Cash or deferred arrangements (CODAs), Elective Deferrals Cash rebates, Cash rebates. Tax preparation forms Casualty insurance Reimbursements from, Casualty insurance and other reimbursements. Tax preparation forms Catch-up contributions, Catch-up contributions. Tax preparation forms , Catch-up contributions. Tax preparation forms Charitable gift annuities, Charitable gift annuities. Tax preparation forms Child and Adult Care Food Program Payments to daycare providers, Food program payments to daycare providers. Tax preparation forms Child support payments, Child support payments. Tax preparation forms Childcare providers, Childcare providers. Tax preparation forms , Food program payments to daycare providers. Tax preparation forms Chronic illness, Chronically ill individual. Tax preparation forms Accelerated death benefits paid to, Exclusion for chronic illness. Tax preparation forms Citizens outside U. Tax preparation forms S. Tax preparation forms Exclusion of foreign income, Reminders Civil Rights Act of 1964, Title VII Back pay and damages for emotional distress under, Court awards and damages. Tax preparation forms Clergy, Clergy Coal, Coal and iron ore. Tax preparation forms Colleges and universities Faculty lodging, Faculty lodging. Tax preparation forms Scholarships and fellowships, Scholarships and fellowships. Tax preparation forms Commissions Advance, Miscellaneous Compensation Commuter highway vehicles, Transportation Compensation Employee, Employee Compensation Miscellaneous, Miscellaneous Compensation Unemployment, Unemployment compensation. Tax preparation forms Workers', Workers' Compensation Compensatory damages, Other compensation. Tax preparation forms , Court awards and damages. Tax preparation forms Constructive receipt of income, Constructively received income. Tax preparation forms Copyrights Infringement damages, Court awards and damages. Tax preparation forms Royalties, Copyrights and patents. Tax preparation forms Corporate directors, Corporate director. Tax preparation forms Cost-of-living allowances, Government cost-of-living allowances. Tax preparation forms Court awards, Court awards and damages. Tax preparation forms (see also Damages from lawsuits) Credit card Insurance, Credit card insurance. Tax preparation forms Credits Recoveries, refiguring of unused credits, Unused tax credits. Tax preparation forms , Unused tax credits. Tax preparation forms Currency transactions, foreign, Foreign currency transactions. Tax preparation forms D Damages from lawsuits, Court awards and damages. Tax preparation forms Back pay awards, Back pay awards. Tax preparation forms Breach of contract, Court awards and damages. Tax preparation forms Compensatory damages, Other compensation. Tax preparation forms , Court awards and damages. Tax preparation forms Emotional distress under Title VII, Civil Rights Act of 1964, Court awards and damages. Tax preparation forms Punitive damages, Court awards and damages. Tax preparation forms Daycare providers, Childcare providers. Tax preparation forms (see also Childcare providers) Food program payments to, Food program payments to daycare providers. Tax preparation forms De minimis benefits, De Minimis (Minimal) Benefits, Meals and Lodging Death benefits, Proceeds not received in installments. Tax preparation forms (see also Life insurance) Accelerated, Accelerated Death Benefits Debts Canceled, Canceled Debts Excluded debt, Excluded debt. Tax preparation forms Nonrecourse debts, Mortgage relief upon sale or other disposition. Tax preparation forms Recourse, Mortgage relief upon sale or other disposition. Tax preparation forms Stockholder's, Stockholder debt. Tax preparation forms Deduction Costs of discrimination suits, Deduction for costs involved in unlawful discrimination suits. Tax preparation forms Deferred compensation Nonqualified plans, Nonqualified deferred compensation plans. Tax preparation forms , Nonqualified deferred compensation plans of nonqualified entities. Tax preparation forms Dependent care benefits, Dependent Care Benefits Depletion allowance, Depletion. Tax preparation forms Differential wage payments, Differential wage payments. Tax preparation forms Armed forces, Differential wage payments. Tax preparation forms Directors' fees, Corporate director. Tax preparation forms Disability Military, Disability. Tax preparation forms Pensions, Disability Pensions Workers' compensation, Disability pension. Tax preparation forms Person with, Persons with disabilities. Tax preparation forms Unemployment compensation, paid as substitute for, Types of unemployment compensation. Tax preparation forms Disaster relief Disaster mitigation payments, Disaster mitigation payments. Tax preparation forms Disaster Relief and Emergency Assistance Act Grants, Disaster relief grants. Tax preparation forms Unemployment benefits, Unemployment Benefits Mitigation payments, Reminders Payments, Disaster relief payments. Tax preparation forms Discounts Employee discounts, Employee Discounts Employee stock purchase plans, Option granted at a discount. Tax preparation forms Mortgage loan for early payment, Discounted mortgage loan. Tax preparation forms Dividends Restricted stock, Dividends received on restricted stock. Tax preparation forms Divorced taxpayers Stock options exercised incident to divorce, Tax form. Tax preparation forms Down payment assistance, Down payment assistance. Tax preparation forms E Educational assistance Employer-provided, Educational Assistance Scholarships and fellowships, Scholarships and fellowships. Tax preparation forms Educational institutions Faculty lodging, Faculty lodging. Tax preparation forms Elderly persons Nutrition Program for the Elderly, Nutrition Program for the Elderly. Tax preparation forms Tax Counseling for the Elderly, Volunteer tax counseling. Tax preparation forms Election precinct officials, Election precinct official. Tax preparation forms Elective deferrals, Elective Deferrals Catch-up contributions, Catch-up contributions. Tax preparation forms , Catch-up contributions. Tax preparation forms Excess annual additions, Excess Annual Additions Excess contributions, Excess Contributions Excess deferrals, Excess deferrals. Tax preparation forms Increased limit for last 3 years prior to retirement age, Increased limit. Tax preparation forms Limit on, Elective Deferrals Reporting by employer, Reporting by employer. Tax preparation forms Emergency Homeowners' Loan Program, Hardest Hit Fund and Emergency Homeowners' Loan Program. Tax preparation forms Emotional distress damages, Emotional distress. Tax preparation forms Employee achievement awards, Employee achievement award. Tax preparation forms Employee awards or bonuses, Employee awards or bonuses. Tax preparation forms Employee compensation, Employee Compensation, Inherited property not substantially vested. Tax preparation forms Fringe benefits, Fringe Benefits, Special valuation rules. Tax preparation forms Restricted property, Restricted Property, Inherited property not substantially vested. Tax preparation forms Retirement plan contributions, Retirement Plan Contributions Stock options, Stock Options, Statutory Stock Options Employee discounts, Employee Discounts Employee stock purchase plans, Statutory Stock Options, Employee stock purchase plan. Tax preparation forms Employer, foreign, Foreign Employer Employer-owned life insurance, Employer-owned life insurance contract. Tax preparation forms Employer-provided Educational assistance, Educational Assistance Vehicles, Employer-provided vehicles. Tax preparation forms Employment Abroad, Employment abroad. Tax preparation forms Agency fees, Employment agency fees. Tax preparation forms Contracts Severance pay for cancellation of, Severance pay. Tax preparation forms Endowment proceeds, Endowment Contract Proceeds Energy Assistance, Payments to reduce cost of winter energy. Tax preparation forms Conservation Subsidies, Energy conservation subsidies. Tax preparation forms Utility rebates, Utility rebates. Tax preparation forms Estate income, Estate and trust income. Tax preparation forms Estimated tax Unemployment compensation, Tax withholding. Tax preparation forms Excess Annual additions, Excess Annual Additions Contributions, Excess Contributions Deferrals, Excess deferrals. Tax preparation forms Expected inheritance, Expected inheritance. Tax preparation forms Expenses paid by another, Expenses paid by another. Tax preparation forms Exxon Valdez settlement, Exxon Valdez settlement income. Tax preparation forms Eligible retirement plan, Contributions to eligible retirement plan. Tax preparation forms Income averaging, Income averaging. Tax preparation forms Legal expenses, Legal expenses. Tax preparation forms Reporting requirement-statement, Statement. Tax preparation forms F Faculty lodging, Faculty lodging. Tax preparation forms Fair market value (FMV), Fair market value. Tax preparation forms Stock options, Grant of option. Tax preparation forms Farming Qualified farm debt, cancellation of, Excluded debt. Tax preparation forms Federal employees Accrued leave payment, Accrued leave payment. Tax preparation forms Cost-of-living allowances, Government cost-of-living allowances. Tax preparation forms Disability pensions, Military and Government Disability Pensions Thrift Savings Plan for, Elective Deferrals Federal Employees Compensation Act (FECA) payments, Federal Employees' Compensation Act (FECA). Tax preparation forms Federal income tax Refunds, Federal income tax refund. Tax preparation forms Fees for services, Fees for services. Tax preparation forms Financial counseling fees, Financial Counseling Fees Fellowships, Scholarships and fellowships. Tax preparation forms FICA withholding Foreign employers, U. Tax preparation forms S. Tax preparation forms citizens working for in U. Tax preparation forms S. Tax preparation forms , Social security and Medicare taxes. Tax preparation forms Paid by employer, Social security and Medicare taxes paid by employer. Tax preparation forms Fiduciaries Fees for services, Fees for services. Tax preparation forms , Personal representatives. Tax preparation forms Financial counseling fees, Financial Counseling Fees (see also Retirement planning services) Fitness programs Employer-provided, Athletic Facilities Flights Employer-provided aircraft, Flights on employer-provided aircraft. Tax preparation forms No-additional-cost services, No-Additional-Cost Services Food benefits Daycare providers, food program payments to, Food program payments to daycare providers. Tax preparation forms Nutrition Program for the Elderly, Nutrition Program for the Elderly. Tax preparation forms Foreign Currency transactions, Foreign currency transactions. Tax preparation forms Employment, Foreign Employer Governments, employees of, Employees of international organizations or foreign governments. Tax preparation forms Income, Reminders Service, Service-connected disability. Tax preparation forms Form 1040 Excess contributions to elective deferrals, Excess Contributions Recoveries, Where to report. Tax preparation forms Unemployment compensation, Unemployment Benefits Wages from Form W-2, Employee Compensation Form 1040 or 1040A, Schedule B Restricted stock dividends, Stock you chose to include in your income. Tax preparation forms Form 1040, Schedule A Outplacement services, deduction for, Outplacement services. Tax preparation forms Repayment of commissions paid in advance, Advance commissions and other earnings. Tax preparation forms Form 1040, Schedule C Bartering, Bartering Childcare providers to use, Childcare providers. Tax preparation forms Personal property rental, reporting income from, Reporting business income and expenses. Tax preparation forms Royalties, Royalties Form 1040, Schedule C-EZ Bartering, Bartering Childcare Providers to use, Childcare providers. Tax preparation forms Personal property rental, reporting income from, Reporting business income and expenses. Tax preparation forms Royalties, Royalties Form 1040, Schedule D Stock options, Sale of the stock. Tax preparation forms Stock options reported on, Statutory Stock Options Form 1040, Schedule E Partner's return, Partner's return. Tax preparation forms Royalties, Royalties Form 1040A Recoveries, Where to report. Tax preparation forms Unemployment compensation, Unemployment Benefits Wages from Form W-2, Employee Compensation Form 1040EZ Recoveries, Where to report. Tax preparation forms Unemployment compensation, Unemployment Benefits Wages from Form W-2, Employee Compensation Form 1041 Estates and trusts, Estate and trust income. Tax preparation forms Form 1041, Schedule K-1 Beneficiary's share of income, deductions, credits, etc. Tax preparation forms , Estate and trust income. Tax preparation forms Form 1065 Partnership return, Partnership return. Tax preparation forms Form 1065, Schedule K-1 Partner's share of income, Schedule K-1 (Form 1065). Tax preparation forms , Partnership Income Form 1098 Mortgage interest statement, Mortgage interest refund. Tax preparation forms Form 1099-B Barter exchange transactions, Form 1099-B from barter exchange. Tax preparation forms , Backup withholding. Tax preparation forms Form 1099-C Cancellation of debt, Form 1099-C. Tax preparation forms Form 1099-DIV Restricted stock dividends, Stock you chose to include in your income. Tax preparation forms Form 1099-G State tax refunds, State tax refund. Tax preparation forms Unemployment compensation, Unemployment Benefits Form 1099-MISC Services totaling $600 or more, Fees for services. Tax preparation forms Stock options exercised incident to divorce, Tax form. Tax preparation forms Form 1099-R Charitable gift annuities, Charitable gift annuities. Tax preparation forms Excess annual additions, Excess Annual Additions Excess deferral amounts, Excess distributed to you. Tax preparation forms Surrender of life insurance policy for cash, Surrender of policy for cash. Tax preparation forms Form 1120-POL Political organizations, Campaign contributions. Tax preparation forms Form 1120S S corporation return, S corporation return. Tax preparation forms Form 1120S, Schedule K-1 Shareholder's share of income, credits, deductions, etc. Tax preparation forms , Schedule K-1 (Form 1120S). Tax preparation forms Form 2441 Child and dependent care expenses, Dependent Care Benefits Form 4255 Recapture of investment credit, Amounts Recovered for Credits Form 6251 Alternative minimum tax, Alternative minimum tax (AMT). Tax preparation forms Form 8839 Adoption assistance, Adoption Assistance Form 8853 Accelerated death benefits, Form 8853. Tax preparation forms Archer MSAs and long-term care insurance contracts, Archer MSA contributions. Tax preparation forms Form 8919 Uncollected social security and Medicare tax on wages, Employee Compensation Form RRB-1099 Railroad retirement board payments, Form RRB-1099. Tax preparation forms Form SSA-1099 Social security benefit statement, Form SSA-1099. Tax preparation forms Form W-2 501(c)(18)(D) contributions, Section 501(c)(18)(D) contributions. Tax preparation forms Accrued leave payment at time of retirement or resignation, Accrued leave payment. Tax preparation forms Back pay awards, Back pay awards. Tax preparation forms Bonuses or awards, Bonuses and awards. Tax preparation forms Elective deferrals, reporting by employer, Reporting by employer. Tax preparation forms Failure to receive from employer, Employee Compensation Fringe benefits reported on, Form W-2. Tax preparation forms Stock options from employers, Tax form. Tax preparation forms Wage and tax statement, Employee Compensation Form W-2G Gambling winnings, Form W-2G. Tax preparation forms Form W-4V Unemployment compensation, voluntary withholding request, Tax withholding. Tax preparation forms Form W-9 Request for taxpayer identification number, Backup withholding. Tax preparation forms Foster care, Foster care providers. Tax preparation forms Foster Grandparent Program, National Senior Service Corps programs. Tax preparation forms Found property, Found property. Tax preparation forms Free tax services, Free help with your tax return. Tax preparation forms Fringe benefits, Fringe Benefits, Special valuation rules. Tax preparation forms Accident and health insurance, Accident or Health Plan Adoption, employer assistance, Adoption Assistance Athletic facilities, Athletic Facilities Commuter highway vehicles, Transportation De minimis benefits, De Minimis (Minimal) Benefits, Meals and Lodging Dependent care benefits, Dependent Care Benefits Educational assistance, Educational Assistance Employee discounts, Employee Discounts Faculty lodging, Faculty lodging. Tax preparation forms Financial counseling fees, Financial Counseling Fees Holiday gifts, Holiday gifts. Tax preparation forms Meals and lodging, Meals and Lodging Moving expenses (see Moving expenses) No-additional-cost services, No-Additional-Cost Services Parking, Transportation Retirement planning (see Retirement planning services) Transit pass, Transportation, Transit pass. Tax preparation forms Tuition reduction, Tuition Reduction Valuation of, Valuation of Fringe Benefits, Special valuation rules. Tax preparation forms Vehicle, Employer-provided vehicles. Tax preparation forms Working condition benefits, Working Condition Benefits Frozen deposits Interest on, Interest on frozen deposits. Tax preparation forms G Gambling winnings and losses, Gambling winnings. Tax preparation forms Gas Royalties from, Oil, gas, and minerals. Tax preparation forms Gifts, Gifts and inheritances. Tax preparation forms Holiday gifts from employer, Holiday gifts. Tax preparation forms Government employees (see Federal employees; State employees) Grantor trusts, Grantor trust. Tax preparation forms Group-term life insurance Worksheets, Figuring the taxable cost. Tax preparation forms , Worksheet 1. Tax preparation forms Figuring the Cost of Group-Term Life Insurance To Include in Income—Illustrated Gulf oil spill, Reminders, Gulf oil spill. Tax preparation forms H HAMP Home affordable modification program Pay-for-performance success payments, Home Affordable Modification Program (HAMP). Tax preparation forms Hardest Hit Fund Program, Hardest Hit Fund and Emergency Homeowners' Loan Program. Tax preparation forms Health Flexible spending arrangement, Health flexible spending arrangement (health FSA). Tax preparation forms Insurance, Accident or Health Plan Reimbursement arrangement, Health reimbursement arrangement (HRA). Tax preparation forms Savings account, Health savings accounts (HSA). Tax preparation forms Help (see Tax help) Highly compensated employees Excess contributions to elective deferrals, Excess Contributions Historic preservation grants, Historic preservation grants. Tax preparation forms Hobby losses, Hobby losses. Tax preparation forms Holding period requirement, Holding period requirement. Tax preparation forms Holiday gifts, Holiday gifts. Tax preparation forms Holocaust victims restitution, Holocaust victims restitution. Tax preparation forms Home, sale of, Sale of home. Tax preparation forms Host or hostess, Host or Hostess Hotels No-additional-cost services, No-Additional-Cost Services Housing (see Lodging) I Illegal activities, Illegal activities. Tax preparation forms Incentive stock options (ISOs), Statutory Stock Options, Incentive stock options (ISOs). Tax preparation forms Income Assigned, Assignment of income. Tax preparation forms Business and investment, Business and Investment Income, More information. Tax preparation forms Constructive receipt of, Constructively received income. Tax preparation forms Estate and trust, Estate and trust income. Tax preparation forms Foreign employers, Foreign Employer Illegal, Illegal activities. Tax preparation forms Miscellaneous, Miscellaneous Income Other, Other Income Partnership, Partnership Income Prepaid, Prepaid income. Tax preparation forms S corporation, S Corporation Income Indian fishing rights, Indian fishing rights. Tax preparation forms Indian money account, Indian money account litigation settlement. Tax preparation forms Individual retirement arrangements (IRAs) Deduction, Benefits may affect your IRA deduction. Tax preparation forms Inherited IRA, Inherited pension or IRA. Tax preparation forms Inheritance, Gifts and inheritances. Tax preparation forms IRA, Inherited pension or IRA. Tax preparation forms Property not substantially vested, Inherited property not substantially vested. Tax preparation forms Injury benefits, Sickness and Injury Benefits, Reimbursement for medical care. Tax preparation forms Insurance Credit card, Credit card insurance. Tax preparation forms Health, Accident or Health Plan Life (see Life insurance) Long-term care (see Long-term care insurance) Interest Canceled debt including, Interest included in canceled debt. Tax preparation forms Frozen deposits, Interest on frozen deposits. Tax preparation forms Mortgage refunds, Mortgage interest refund. Tax preparation forms Option on insurance, Interest option on insurance. Tax preparation forms Recovery amounts, Interest on recovery. Tax preparation forms Savings bond, Interest on qualified savings bonds. Tax preparation forms State and local government obligations, Interest on state and local government obligations. Tax preparation forms Interference with business operations Damages as income, Court awards and damages. Tax preparation forms International organizations, employees of, Foreign Employer Interview expenses, Job interview expenses. Tax preparation forms Investment counseling fees, Financial Counseling Fees (see also Retirement planning services) Investment income, Business and Investment Income, More information. Tax preparation forms IRAs (see Individual retirement arrangements (IRAs)) Iron ore, Coal and iron ore. Tax preparation forms Itemized deductions Limited, Itemized deductions limited. Tax preparation forms Recoveries, Recoveries, Itemized Deduction Recoveries J Job interview expenses, Job interview expenses. Tax preparation forms Joint returns Social security benefits or railroad retirement payments, Joint return. Tax preparation forms Joint state/local tax return Recoveries, Joint state or local income tax return. Tax preparation forms Jury duty pay, Jury duty. Tax preparation forms K Kickbacks, Kickbacks. Tax preparation forms L Labor unions Convention expenses, reimbursed, Reimbursed union convention expenses. Tax preparation forms Dues, Union benefits and dues. Tax preparation forms Strike and lockout benefits, Strike and lockout benefits. Tax preparation forms Unemployment benefits paid from, Payments by a union. Tax preparation forms Last day of tax year, income received on, Constructively received income. Tax preparation forms Leave (see Accrued leave payment) Length-of-service awards, Employee achievement award. Tax preparation forms Life insurance Employer-owned, Employer-owned life insurance contract. Tax preparation forms Proceeds, Life Insurance Proceeds Surrender of policy for cash, Surrender of policy for cash. Tax preparation forms Loans, Discounted mortgage loan. Tax preparation forms (see also Mortgage) Below-market, Below-market loans. Tax preparation forms Student, Student loans. Tax preparation forms Lockout benefits, Strike and lockout benefits. Tax preparation forms Lodging Campus lodging, Qualified campus lodging. Tax preparation forms , Moving Expense Reimbursements Clergy, Housing Employer-paid or reimbursed, Meals and Lodging Faculty lodging, Faculty lodging. Tax preparation forms Replacement housing payments, Replacement housing payments. Tax preparation forms Long-term care insurance, Long-term care coverage. Tax preparation forms , Long-Term Care Insurance Contracts Lotteries and raffles, Lotteries and raffles. Tax preparation forms Lump-sum distributions Survivor benefits, Lump-sum payments. Tax preparation forms M Manufacturer incentive payments, Manufacturer incentive payments. Tax preparation forms Meals Employer-paid or reimbursed, Meals and Lodging Nutrition Program for the Elderly, Nutrition Program for the Elderly. Tax preparation forms Medical Care reimbursements, Reimbursement for medical care. Tax preparation forms Savings accounts, Medical savings accounts (Archer MSAs and Medicare Advantage MSAs). Tax preparation forms Medicare Advantage MSAs, Medical savings accounts (Archer MSAs and Medicare Advantage MSAs). Tax preparation forms Benefits, Medicare. Tax preparation forms Tax paid by employer, Social security and Medicare taxes paid by employer. Tax preparation forms Medicare tax (see Social security and Medicare taxes) Military (see Armed forces) Minerals Royalties from, Oil, gas, and minerals. Tax preparation forms Miscellaneous Compensation, Miscellaneous Compensation Income, Miscellaneous Income Missing children, photographs of, Reminders Mortgage Assistance payment (under sec. Tax preparation forms 235 of National Housing Act), Mortgage assistance payments under section 235 of the National Housing Act. Tax preparation forms Discounted loan, Discounted mortgage loan. Tax preparation forms Interest refund, Mortgage interest refund. Tax preparation forms Qualified principal residence indebtedness, Qualified principal residence indebtedness (QPRI). Tax preparation forms Relief, Mortgage relief upon sale or other disposition. Tax preparation forms Motor vehicle, employer-provided, Employer-provided vehicles. Tax preparation forms Moving expenses Reimbursements, Allowances and reimbursements. Tax preparation forms , Moving expense reimbursements. Tax preparation forms MSAs (Medical savings accounts), Medical savings accounts (Archer MSAs and Medicare Advantage MSAs). Tax preparation forms N National Health Service Corps Scholarship Program, Tuition Reduction National Oceanic and Atmospheric Administration, Service-connected disability. Tax preparation forms National Senior Service Corps, National Senior Service Corps programs. Tax preparation forms No-additional-cost services, No-Additional-Cost Services No-fault car insurance Disability benefits under, Other compensation. Tax preparation forms Nobel prize, Pulitzer, Nobel, and similar prizes. Tax preparation forms Nonrecourse debt, Mortgage relief upon sale or other disposition. Tax preparation forms Nonstatutory stock options, Nonstatutory Stock Options Nontaxable income, Introduction Not-for-profit activities, Activity not for profit. Tax preparation forms Notary fees, Notary public. Tax preparation forms Notes received for services, Note received for services. Tax preparation forms Nutrition Program for the Elderly, Nutrition Program for the Elderly. Tax preparation forms O Oil Royalties from, Oil, gas, and minerals. Tax preparation forms Old-age, survivors, and disability insurance benefits (OASDI), Old-age, survivors, and disability insurance benefits (OASDI). Tax preparation forms Options, stock, Stock Options, Statutory Stock Options Outplacement services, Outplacement services. Tax preparation forms Overseas work, Reminders P Parking fees Employer-paid or reimbursed, Transportation, Qualified parking. Tax preparation forms Partner and partnership income, Partnership Income Patents Infringement damages, Court awards and damages. Tax preparation forms Royalties, Copyrights and patents. Tax preparation forms Peace Corps, Peace Corps. Tax preparation forms Pensions Clergy, Pension. Tax preparation forms Disability pensions, Disability Pensions Inherited pensions, Inherited pension or IRA. Tax preparation forms Military, Military retirement pay. Tax preparation forms Personal property Rental income and expense, Rents From Personal Property Sale of, Sale of personal items. Tax preparation forms Personal representatives (see Fiduciaries) Prepaid income, Prepaid income. Tax preparation forms Price reduced after purchase, Price reduced after purchase. Tax preparation forms Prizes and awards, Bonuses and awards. Tax preparation forms , Prizes and awards. Tax preparation forms Achievement awards, Employee achievement award. Tax preparation forms Employee awards or bonuses, Employee awards or bonuses. Tax preparation forms Length-of-service awards, Employee achievement award. Tax preparation forms Pulitzer, Nobel, and similar prizes, Pulitzer, Nobel, and similar prizes. Tax preparation forms Safety achievement, Employee achievement award. Tax preparation forms Scholarship prizes, Prizes. Tax preparation forms Profit-sharing plan, Retirement and profit-sharing plans. Tax preparation forms Public assistance benefits, Welfare and Other Public Assistance Benefits Public Health Service, Service-connected disability. Tax preparation forms Public safety officers killed in line of duty, Public safety officer killed in the line of duty. Tax preparation forms Public transportation passes, employer-provided, Transportation, Transit pass. Tax preparation forms Publications (see Tax help) Pulitzer prize, Pulitzer, Nobel, and similar prizes. Tax preparation forms Punitive damages, Court awards and damages. Tax preparation forms Q Qualified joint venture, Reminders Qualified tuition program (QTP), Qualified tuition program (QTP). Tax preparation forms R Raffles, Lotteries and raffles. Tax preparation forms Railroad Retirement annuities, Railroad retirement annuities. Tax preparation forms Retirement benefits, Social security and equivalent railroad retirement benefits. Tax preparation forms Sick pay, Railroad sick pay. Tax preparation forms Unemployment compensation benefits, Types of unemployment compensation. Tax preparation forms Real estate Qualified real property business debt, cancellation of, Excluded debt. Tax preparation forms Rebates Cash, Cash rebates. Tax preparation forms Utility, Utility rebates. Tax preparation forms Recovery of amounts previously deducted, Recoveries, Standard deduction for earlier years. Tax preparation forms Itemized deductions, Recoveries, Itemized Deduction Recoveries Non-itemized deductions, Non-Itemized Deduction Recoveries Unused tax credits, refiguring of, Unused tax credits. Tax preparation forms , Unused tax credits. Tax preparation forms Refunds Federal income tax, Federal income tax refund. Tax preparation forms Mortgage interest, Mortgage interest refund. Tax preparation forms State tax, State tax refund. Tax preparation forms Rehabilitative program payments, Veterans' benefits. Tax preparation forms Reimbursements Business expenses, Allowances and reimbursements. Tax preparation forms Casualty losses, Casualty insurance and other reimbursements. Tax preparation forms Meals and lodging, Meals and Lodging Medical expenses, Reimbursement for medical care. Tax preparation forms Moving expenses, Allowances and reimbursements. Tax preparation forms , Moving expense reimbursements. Tax preparation forms Related party transactions Stock option transfer, Transfer in non-arm's-length transaction. Tax preparation forms Religious order members, Members of Religious Orders Rental income and expenses Personal property rental, Rents From Personal Property Reporting of, Reporting business income and expenses. Tax preparation forms Repayments, Repayments, Year of deduction (or credit). Tax preparation forms Repossession, Canceled sales contract. Tax preparation forms Restricted property, Restricted Property, Inherited property not substantially vested. Tax preparation forms Retired Senior Volunteer Program (RSVP), National Senior Service Corps programs. Tax preparation forms Retirement Settlement, Reminders Retirement planning services, Financial Counseling Fees, Retirement Planning Services Retirement plans, Military retirement pay. Tax preparation forms (see also Pensions) Automatic contribution arrangements, Qualified automatic contribution arrangements. Tax preparation forms Contributions, Retirement Plan Contributions, Excess Annual Additions, Statutory Stock Options Elective deferrals (see Elective deferrals) Rewards, Rewards. Tax preparation forms Roth contributions, Designated Roth contributions. Tax preparation forms Royalties, Royalties S S corporations, S Corporation Income Safety achievement awards, Employee achievement award. Tax preparation forms Salary reduction simplified employee pension plans (see SARSEPs) Sale of home, Sale of home. Tax preparation forms Sales contracts Cancellation of, Canceled sales contract. Tax preparation forms SARSEPs, Elective Deferrals Excess contributions, Excess Contributions Savings bonds, Interest on qualified savings bonds. Tax preparation forms Savings incentive match plans for employees (see SIMPLE plans) Scholarships and fellowships, Scholarships and fellowships. Tax preparation forms Self-employed persons U. Tax preparation forms S. Tax preparation forms citizens working for foreign employers in U. Tax preparation forms S. Tax preparation forms treated as, Social security and Medicare taxes. Tax preparation forms Senior Companion Program, National Senior Service Corps programs. 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Tax Law Changes Related to National Disaster Relief

FS-2009-8, January 2009

(Updated June 21, 2010 — For information regarding the filing of 2009 income tax returns, refer to the last section of this document, "Reporting Losses from a Federally Declared Disaster Occurring in 2010.")

The National Disaster Relief Act of 2008, Subtitle B or Title VII of the Emergency Economic Stabilization Act of 2008, signed into law on Oct. 3, 2008, as Public Law 110-343, provides tax relief for victims of federally declared disasters occurring after
Dec. 31, 2007, and before Jan. 1, 2010.

Prior to enactment of the National Disaster Relief Act, when a major disaster struck, Congress would draft legislation providing targeted tax benefits for taxpayers affected by the disaster that were specific to that particular disaster.

The National Disaster Relief Act, which provides a broad package of tax benefits that may be used by anyone who is affected by a federally declared disaster, effectively replaces the strategy of providing targeted benefits for disaster victims in the weeks or months following the incident. Certain provisions of the National Disaster Relief Act of 2008 do not apply to the Midwestern disaster areas –– disasters affecting the Midwest that were declared from May 20, 2008 through July 31, 2008 –– because the Heartland and Hurricane Ike Disaster Relief Act, part of the same legislation that resulted in the National Disaster Relief Act, provides other tax benefits. See Publication 4492-B for detailed information on the tax benefits that apply to the Midwestern disaster areas. 

The National Disaster Relief Act provides the following tax benefits: 

  • Allows all taxpayers, not just those who itemize, to claim the casualty loss deduction regardless of the taxpayer’s adjusted gross income level;
  • Increases the amount by which all individual taxpayers must reduce their personal casualty losses from each casualty from $100 to $500 for taxable years beginning after Dec. 31, 2008. The reduction amount returns to $100 for taxable years beginning after Dec. 31, 2009;   
  • Removes the requirement that the net casualty loss deduction be allowed only if the casualty loss exceeds 10 percent of the taxpayer’s adjusted gross income;
  • Provides a five-year net operating loss (NOL) carryback for qualified natural disaster losses.
  • Waives certain mortgage revenue bond requirements for affected taxpayers and allows the bond proceeds to be used for rebuilding.

For business taxpayers, the Act also:   

  • Allows an affected business taxpayer to deduct certain qualified disaster cleanup expenses;
  • Allows an affected business taxpayer to deduct 50 percent of the cost of qualifying property in addition to the regular depreciation allowance that is normally available; and
  • Increases the limits that an affected business taxpayer can expense for qualifying section 179 property.

Major portions of the National Disaster Relief Act are highlighted below.

See Publication 547, Casualties, Disasters, and Thefts, for information necessary in preparing 2008 tax returns. 

Section 706: Losses Attributable to Federally Declared Disasters

Section 706 of the National Disaster Relief Act provides relief to individual taxpayers whose personal-use property was damaged or destroyed by a casualty in a federally declared disaster area. 

Under prior law, individuals who suffered casualty losses as a result of a Presidentially-declared disaster –– the term was redefined as “federally declared disaster” in the legislation –– were required to reduce the loss from each casualty event by $100 and reduce the total of their casualty losses for the tax year by 10 percent of their adjusted gross income. In addition, these individuals were required to claim their casualty losses as an itemized deduction. 

The new law removes the 10 percent of adjusted gross income limitation for net disaster losses and allows individuals to claim the net disaster losses even if they do not itemize their deductions. 

To qualify, a loss must be attributable to a federally declared disaster and occur in an area determined by the President to warrant federal assistance. A federally declared disaster is any disaster subsequently determined by the President to warrant assistance by the federal government under the Stafford Act. The deduction is limited to the “net disaster loss” which consists of the excess of personal casualty losses attributable to a federally declared disaster over personal casualty gains. The new law is effective for disasters declared in taxable years beginning after Dec. 31, 2007, and occurring before Jan. 1, 2010. Information on disaster declarations and the areas they encompass may be found at the Federal Emergency Management Agency (FEMA) Web site.

The new law also changes the amount by which all individual taxpayers must reduce their personal casualty losses from each casualty from $100 to $500. This change is effective for taxable years beginning after Dec. 31, 2008. The reduction amount returns to $100 for taxable years beginning after Dec. 31, 2009.   

For more information on these tax law changes, see Publication 547, Casualties, Disasters, and Thefts.

Section 712 provides that these changes to the law do not apply to the casualty losses in the Midwestern disaster areas declared during the period beginning on May 20, 2008, and ending on July 31, 2008. See Publication 4492-B for more information on the Midwestern disaster areas.

Section 707: Expensing of Qualified Disaster Expenses

Section 707 of the National Disaster Relief Act allows taxpayers to elect to currently deduct qualified disaster expenses in the tax year paid or incurred. Qualified disaster expenses consist of expenditures paid or incurred in connection with a trade or business or with business-related property that otherwise must be capitalized and that are:

  • For the abatement or control of hazardous substances that were released on account of a federally declared disaster;
  • Debris removal or demolition of structures on real property damaged or destroyed by a federally declared disaster; or
  • For the repair of business-related property damaged by a federally declared disaster. 

As previously explained, a federally declared disaster is any disaster subsequently determined by the President to warrant assistance by the federal government under the Stafford Act. This provision is effective for amounts paid or incurred after Dec. 31, 2007, in connection with disasters declared after that date and federally declared disasters occurring before Jan. 1, 2010. 

Section 712 provides that these changes to the law do not apply to the casualty losses in the Midwestern disaster areas declared during the period beginning on May 20, 2008, and ending on July 31, 2008

Section 708: Net Operating Losses Attributable to Federally Declared Disasters

In general, a net operating loss is carried back two years and carried forward 20. Section 708 of the National Disaster Relief Act allows taxpayers to carry back a qualified disaster loss five years. A qualified disaster loss is the lesser of the taxpayer’s net operating loss for the taxable year or the sum of the following:

  • The taxpayer’s losses allowable under section 165 of the Internal Revenue Code for the taxable year attributable to a federally declared disaster occurring before Jan. 1, 2010, and occurring in a disaster area; and
  • The taxpayer’s deduction for the taxable year for qualified disaster expenses allowable under section 198A(a) of the Internal Revenue Code (or the amount that would have been allowable if the taxpayer deducted qualified disaster expenses). 

A qualified disaster loss is treated a net operating loss that is separate from the taxpayer’s regular NOL. 

Section 708 also includes a provision that allows taxpayers to elect to disregard the five-year carryback rule for their qualified disaster loss. . 

Finally, Section 708 provides an exception to the general rule that a taxpayer may use an alternative minimum tax (AMT) net operating loss deduction to offset only 90 percent of the taxpayer’s alternative minimum taxable income. Section 708 provides that the 90-percent limit does not apply to the portion of the AMT net operating loss deduction attributable to a qualified disaster loss. 

These rules apply to disasters declared in taxable years beginning after Dec. 31, 2007.  

Section 712 provides that these changes to the law do not apply to the Midwestern disaster areas declared during the period beginning on May 20, 2008, and ending on July 31, 2008.

Section 709: Waiver of Certain Mortgage Revenue Bond Requirements Following Federally Declared Disasters

Section 709 of the National Disaster Relief Act adds new paragraph 12 to section 143(k) of the Internal Revenue Code, which waives certain mortgage revenue bond requirements otherwise applicable where an affected taxpayer’s principal residence is destroyed or damaged as a result of a federally declared disaster. An earlier law, the Housing Assistance Tax Act of 2008 enacted on June 30, 2008, also added a different §143(k)(12) to the Code. So currently there are two §143(k)(12)s in the Code.

New Code section 143(k)(12)(A) provides that, at the election of the taxpayer, if a person’s principal residence is destroyed –– the home is rendered unsafe for use as a result of a federally declared disaster occurring between Dec. 31, 2007 and Jan. 1, 2010, or the home is demolished or relocated because of an order issued as a result of such federally declared disaster occurring during such timeframe –– then for two years following the date of such disaster, the three-year requirement of section 143(d)(1) does not apply and the purchase price requirement is relaxed. Accordingly, such person may receive a mortgage loan financed with the proceeds of tax exempt qualified mortgage bonds regardless of whether he owned his principal residence within three years of receiving such mortgage loan, and such mortgage loan may be for the acquisition of a home which costs 110 percent of the average area purchase price. 

New Code section 143(k)(12)(B) provides that, at the election of the taxpayer, if a person’s principal residence is damaged as a result of a federally declared disaster occurring after Dec. 31, 2007, and before Jan. 1, 2010, any loan taken by such person to repair or reconstruct such residence in an amount equal to the lesser of the cost of such repair or reconstruction or $150,000 may be treated as a qualified rehabilitation loan and thus may be financed using the proceeds of tax-exempt qualified mortgage bonds. An election, once made, cannot be revoked unless permission is granted by the Secretary. 

Section 709 further provides that a taxpayer who makes a section 143(k)(12) election  may not also elect to apply the special rules for residences located in disaster areas found in Code section 143(k)(11). The special rules found in Code section 143(k)(11) allow taxpayers to use the proceeds of tax exempt qualified mortgage bonds issued between May 1, 2008, and Jan. 1, 2010, to finance mortgage loans for residences located in disaster areas for two years from the date of the applicable disaster declaration without regard to the three-year requirement by treating the residence as if it were a targeted area residence for purposes of the purchase price requirement and the income requirements. This provision, unlike § 143(k)(12), does not limit the financing only to those taxpayers whose homes were damaged by the disaster.

Section 712 provides that these changes to the law do not apply to the Midwestern disaster areas declared during the period beginning on May 20, 2008, and ending on July 31, 2008.

Section 710: Special Depreciation Allowance for Qualified Disaster Property

Section 710 of the National Disaster Relief Act provides a special 50 percent depreciation allowance for purchases of qualified disaster assistance property. It allows taxpayers to deduct 50 percent of the cost of qualified disaster assistance property in addition to the regular depreciation allowance that is normally available.

This new special “bonus depreciation” allowance applies to most types of tangible personal property and computer software acquired on or after the date on which the federally declared disaster occurs, and placed in service on or before Dec. 31 of the third year following the date on which the federally declared disaster occurs. In addition, the new bonus depreciation allowance applies to most nonresidential real property and residential rental property acquired on or after the date on which the federally declared disaster occurs, and placed in service on or before Dec. 31 of the fourth year following the date on which the federally declared disaster occurs.

To qualify for the new bonus depreciation allowance, 80 percent or more of the use of the property must be in the disaster area and in the active conduct of a trade or business by the taxpayer in that disaster area. Also, the property owner must rehabilitate property damaged, or replace property destroyed or condemned, as a result of the federally declared disaster and must be similar in nature to, and located in the same county as, the property being rehabilitated or replaced.

Section 711: Increased Expensing for Qualified Disaster Assistance Property

In general, a taxpayer may elect to expense up to a certain amount or dollar limit of section 179 property placed in service during the tax year. However, this dollar limit is reduced, but not below zero, if the cost of section 179 property placed in service during that year exceeds a certain amount, or reduced dollar limit. For 2008, the dollar limit is $250,000 and the reduced dollar limit is $800,000.

Section 711 of the National Disaster Relief Act increases the limits that businesses can expense for qualified section 179 disaster assistance property. Generally, the new law increases the dollar limit that is normally available for a particular tax year by the lesser of $100,000, or the cost of qualified section 179 disaster assistance property placed in service during that year. Also, the new law generally increases the reduced dollar limit that is normally available for a particular year by the lesser of $600,000, or the cost of qualified section 179 disaster assistance property placed in service during that year.    

Qualified section 179 disaster assistance property is section 179 property that is qualified disaster assistance property for purposes of the new bonus depreciation allowance provided under section 710 of the National Disaster Relief Act. Section 179 property is most types of tangible personal property and off-the-shelf computer software.

The new law did not change the amount that a taxpayer can elect to expense for certain sport utility vehicles and certain other vehicles placed in service during the tax year.  Accordingly, a taxpayer cannot elect to expense more than $25,000 of the cost of these types of vehicles.

Section 712: Coordination with Heartland Disaster Relief

Section 712 of the National Disaster Relief Act explains that certain provisions contained in the National Disaster Relief Act do not apply to the Midwestern Disaster Areas. For information specific to the Midwestern Disaster Areas, see Publication 4492-B.

Reporting Losses from a Federally Declared Disaster Occurring in 2010

The National Disaster Relief Act of 2008, Subtitle B or Title VII of the Emergency Economic Stabilization Act of 2008, provided enhanced tax relief for victims of federally declared disasters occurring after Dec. 31, 2007, and before Jan. 1, 2010. Those provisions are not effective for disasters occurring after Dec. 31, 2009. Legislation extending the provisions to disasters occurring before Jan. 1, 2011, has been proposed but has not yet been signed into law.

Because the enhanced casualty loss provisions are not effective for federally declared disasters occurring after Dec. 31, 2009, taxpayers affected by federally declared disasters in 2010 may take the loss into account for tax year 2009. See Page 12 of the 2009 version of Publication 547 for information on elections to deduct disaster losses in the year preceding the disaster year, including the time limits on making such elections.

This means, if you are an affected taxpayer with respect to a federally declared disaster occurring after Dec. 31, 2009, you may claim the loss on your 2009 income tax return. Claiming a loss on your 2009 return will allow you to take advantage of the National Disaster Relief Act provisions effective for tax year 2009. 

Page Last Reviewed or Updated: 20-Mar-2014

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