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Tax preparation 2. Tax preparation   Simplified Employee Pensions (SEPs) Table of Contents Topics - This chapter discusses: Useful Items - You may want to see: Setting Up a SEPWhen not to use Form 5305-SEP. Tax preparation How Much Can I Contribute?Contribution Limits Deducting ContributionsDeduction Limit for Contributions for Participants Deduction Limit for Self-Employed Individuals Carryover of Excess SEP Contributions When To Deduct Contributions Where To Deduct Contributions Salary Reduction Simplified Employee Pensions (SARSEPs)SARSEP ADP test. Tax preparation Deferral percentage. Tax preparation Employee compensation. Tax preparation Compensation of self-employed individuals. Tax preparation Choice not to treat deferrals as compensation. Tax preparation Limit on Elective Deferrals Tax Treatment of Deferrals Distributions (Withdrawals) Additional TaxesEffects on employee. Tax preparation Reporting and Disclosure Requirements Topics - This chapter discusses: Setting up a SEP How much can I contribute Deducting contributions Salary reduction simplified employee pensions (SARSEPs) Distributions (withdrawals) Additional taxes Reporting and disclosure requirements Useful Items - You may want to see: Publication 590 Individual Retirement Arrangements (IRAs) 3998 Choosing A Retirement Solution for Your Small Business 4285 SEP Checklist 4286 SARSEP Checklist 4333 SEP Retirement Plans for Small Businesses 4336 SARSEP for Small Businesses 4407 SARSEP—Key Issues and Assistance Forms (and Instructions) W-2 Wage and Tax Statement 1040 U. Tax preparation S. Tax preparation Individual Income Tax Return 5305-SEP Simplified Employee Pension—Individual Retirement Accounts Contribution Agreement 5305A-SEP Salary Reduction Simplified Employee Pension—Individual Retirement Accounts Contribution Agreement 8880 Credit for Qualified Retirement Savings Contributions 8881 Credit for Small Employer Pension Plan Startup Costs A SEP is a written plan that allows you to make contributions toward your own retirement and your employees' retirement without getting involved in a more complex qualified plan. Tax preparation Under a SEP, you make contributions to a traditional individual retirement arrangement (called a SEP-IRA) set up by or for each eligible employee. Tax preparation A SEP-IRA is owned and controlled by the employee, and you make contributions to the financial institution where the SEP-IRA is maintained. Tax preparation SEP-IRAs are set up for, at a minimum, each eligible employee (defined below). Tax preparation A SEP-IRA may have to be set up for a leased employee (defined in chapter 1), but does not need to be set up for excludable employees (defined later). Tax preparation Eligible employee. Tax preparation   An eligible employee is an individual who meets all the following requirements. Tax preparation Has reached age 21. Tax preparation Has worked for you in at least 3 of the last 5 years. Tax preparation Has received at least $550 in compensation from you in 2013. Tax preparation This amount remains the same in 2014. Tax preparation    You can use less restrictive participation requirements than those listed, but not more restrictive ones. Tax preparation Excludable employees. Tax preparation   The following employees can be excluded from coverage under a SEP. Tax preparation Employees covered by a union agreement and whose retirement benefits were bargained for in good faith by the employees' union and you. Tax preparation Nonresident alien employees who have received no U. Tax preparation S. Tax preparation source wages, salaries, or other personal services compensation from you. Tax preparation For more information about nonresident aliens, see Publication 519, U. Tax preparation S. Tax preparation Tax Guide for Aliens. Tax preparation Setting Up a SEP There are three basic steps in setting up a SEP. Tax preparation You must execute a formal written agreement to provide benefits to all eligible employees. Tax preparation You must give each eligible employee certain information about the SEP. Tax preparation A SEP-IRA must be set up by or for each eligible employee. Tax preparation Many financial institutions will help you set up a SEP. Tax preparation Formal written agreement. Tax preparation   You must execute a formal written agreement to provide benefits to all eligible employees under a SEP. Tax preparation You can satisfy the written agreement requirement by adopting an IRS model SEP using Form 5305-SEP. Tax preparation However, see When not to use Form 5305-SEP, below. Tax preparation   If you adopt an IRS model SEP using Form 5305-SEP, no prior IRS approval or determination letter is required. Tax preparation Keep the original form. Tax preparation Do not file it with the IRS. Tax preparation Also, using Form 5305-SEP will usually relieve you from filing annual retirement plan information returns with the IRS and the Department of Labor. Tax preparation See the Form 5305-SEP instructions for details. Tax preparation If you choose not to use Form 5305-SEP, you should seek professional advice in adopting a SEP. Tax preparation When not to use Form 5305-SEP. Tax preparation   You cannot use Form 5305-SEP if any of the following apply. Tax preparation You currently maintain any other qualified retirement plan other than another SEP. Tax preparation You have any eligible employees for whom IRAs have not been set up. Tax preparation You use the services of leased employees, who are not your common-law employees (as described in chapter 1). Tax preparation You are a member of any of the following unless all eligible employees of all the members of these groups, trades, or businesses participate under the SEP. Tax preparation An affiliated service group described in section 414(m). Tax preparation A controlled group of corporations described in section 414(b). Tax preparation Trades or businesses under common control described in section 414(c). Tax preparation You do not pay the cost of the SEP contributions. Tax preparation Information you must give to employees. Tax preparation   You must give each eligible employee a copy of Form 5305-SEP, its instructions, and the other information listed in the Form 5305-SEP instructions. Tax preparation An IRS model SEP is not considered adopted until you give each employee this information. Tax preparation Setting up the employee's SEP-IRA. Tax preparation   A SEP-IRA must be set up by or for each eligible employee. Tax preparation SEP-IRAs can be set up with banks, insurance companies, or other qualified financial institutions. Tax preparation You send SEP contributions to the financial institution where the SEP-IRA is maintained. Tax preparation Deadline for setting up a SEP. Tax preparation   You can set up a SEP for any year as late as the due date (including extensions) of your income tax return for that year. Tax preparation Credit for startup costs. Tax preparation   You may be able to claim a tax credit for part of the ordinary and necessary costs of starting a SEP that first became effective in 2013. Tax preparation For more information, see Credit for startup costs under Reminders, earlier. Tax preparation How Much Can I Contribute? The SEP rules permit you to contribute a limited amount of money each year to each employee's SEP-IRA. Tax preparation If you are self-employed, you can contribute to your own SEP-IRA. Tax preparation Contributions must be in the form of money (cash, check, or money order). Tax preparation You cannot contribute property. Tax preparation However, participants may be able to transfer or roll over certain property from one retirement plan to another. Tax preparation See Publication 590 for more information about rollovers. Tax preparation You do not have to make contributions every year. Tax preparation But if you make contributions, they must be based on a written allocation formula and must not discriminate in favor of highly compensated employees (defined in chapter 1). Tax preparation When you contribute, you must contribute to the SEP-IRAs of all participants who actually performed personal services during the year for which the contributions are made, including employees who die or terminate employment before the contributions are made. Tax preparation Contributions are deductible within limits, as discussed later, and generally are not taxable to the plan participants. Tax preparation A SEP-IRA cannot be a Roth IRA. Tax preparation Employer contributions to a SEP-IRA will not affect the amount an individual can contribute to a Roth or traditional IRA. Tax preparation Unlike regular contributions to a traditional IRA, contributions under a SEP can be made to participants over age 70½. Tax preparation If you are self-employed, you can also make contributions under the SEP for yourself even if you are over 70½. Tax preparation Participants age 70½ or over must take required minimum distributions. Tax preparation Time limit for making contributions. Tax preparation   To deduct contributions for a year, you must make the contributions by the due date (including extensions) of your tax return for the year. Tax preparation Contribution Limits Contributions you make for 2013 to a common-law employee's SEP-IRA cannot exceed the lesser of 25% of the employee's compensation or $51,000. Tax preparation Compensation generally does not include your contributions to the SEP. Tax preparation The SEP plan document will specify how the employer contribution is determined and how it will be allocated to participants. Tax preparation Example. Tax preparation Your employee, Mary Plant, earned $21,000 for 2013. Tax preparation The maximum contribution you can make to her SEP-IRA is $5,250 (25% x $21,000). Tax preparation Contributions for yourself. Tax preparation   The annual limits on your contributions to a common-law employee's SEP-IRA also apply to contributions you make to your own SEP-IRA. Tax preparation However, special rules apply when figuring your maximum deductible contribution. Tax preparation See Deduction Limit for Self-Employed Individuals , later. Tax preparation Annual compensation limit. Tax preparation   You cannot consider the part of an employee's compensation over $255,000 when figuring your contribution limit for that employee. Tax preparation However, $51,000 is the maximum contribution for an eligible employee. Tax preparation These limits are $260,000 and $52,000, respectively, in 2014. Tax preparation Example. Tax preparation Your employee, Susan Green, earned $210,000 for 2013. Tax preparation Because of the maximum contribution limit for 2013, you can only contribute $51,000 to her SEP-IRA. Tax preparation More than one plan. Tax preparation   If you contribute to a defined contribution plan (defined in chapter 4), annual additions to an account are limited to the lesser of $51,000 or 100% of the participant's compensation. Tax preparation When you figure this limit, you must add your contributions to all defined contribution plans maintained by you. Tax preparation Because a SEP is considered a defined contribution plan for this limit, your contributions to a SEP must be added to your contributions to other defined contribution plans you maintain. Tax preparation Tax treatment of excess contributions. Tax preparation   Excess contributions are your contributions to an employee's SEP-IRA (or to your own SEP-IRA) for 2013 that exceed the lesser of the following amounts. Tax preparation 25% of the employee's compensation (or, for you, 20% of your net earnings from self-employment). Tax preparation $51,000. Tax preparation Excess contributions are included in the employee's income for the year and are treated as contributions by the employee to his or her SEP-IRA. Tax preparation For more information on employee tax treatment of excess contributions, see chapter 1 in Publication 590. Tax preparation Reporting on Form W-2. Tax preparation   Do not include SEP contributions on your employee's Form W-2 unless contributions were made under a salary reduction arrangement (discussed later). Tax preparation Deducting Contributions Generally, you can deduct the contributions you make each year to each employee's SEP-IRA. Tax preparation If you are self-employed, you can deduct the contributions you make each year to your own SEP-IRA. Tax preparation Deduction Limit for Contributions for Participants The most you can deduct for your contributions to you or your employee's SEP-IRA is the lesser of the following amounts. Tax preparation Your contributions (including any excess contributions carryover). Tax preparation 25% of the compensation (limited to $255,000 per participant) paid to the participants during 2013 from the business that has the plan, not to exceed $51,000 per participant. Tax preparation In 2014, the amounts in (2) above are $260,000 and $52,000, respectively. Tax preparation Deduction Limit for Self-Employed Individuals If you contribute to your own SEP-IRA, you must make a special computation to figure your maximum deduction for these contributions. Tax preparation When figuring the deduction for contributions made to your own SEP-IRA, compensation is your net earnings from self-employment (defined in chapter 1), which takes into account both the following deductions. Tax preparation The deduction for the deductible part of your self-employment tax. Tax preparation The deduction for contributions to your own SEP-IRA. Tax preparation The deduction for contributions to your own SEP-IRA and your net earnings depend on each other. Tax preparation For this reason, you determine the deduction for contributions to your own SEP-IRA indirectly by reducing the contribution rate called for in your plan. Tax preparation To do this, use the Rate Table for Self-Employed or the Rate Worksheet for Self-Employed, whichever is appropriate for your plan's contribution rate, in chapter 5. Tax preparation Then figure your maximum deduction by using the Deduction Worksheet for Self-Employed in chapter 5. Tax preparation Carryover of Excess SEP Contributions If you made SEP contributions that are more than the deduction limit (nondeductible contributions), you can carry over and deduct the difference in later years. Tax preparation However, the carryover, when combined with the contribution for the later year, is subject to the deduction limit for that year. Tax preparation If you also contributed to a defined benefit plan or defined contribution plan, see Carryover of Excess Contributions under Employer Deduction in chapter 4 for the carryover limit. Tax preparation Excise tax. Tax preparation   If you made nondeductible (excess) contributions to a SEP, you may be subject to a 10% excise tax. Tax preparation For information about the excise tax, see Excise Tax for Nondeductible (Excess) Contributions under Employer Deduction in chapter 4. Tax preparation When To Deduct Contributions When you can deduct contributions made for a year depends on the tax year on which the SEP is maintained. Tax preparation If the SEP is maintained on a calendar year basis, you deduct the yearly contributions on your tax return for the year within which the calendar year ends. Tax preparation If you file your tax return and maintain the SEP using a fiscal year or short tax year, you deduct contributions made for a year on your tax return for that year. Tax preparation Example. Tax preparation You are a fiscal year taxpayer whose tax year ends June 30. Tax preparation You maintain a SEP on a calendar year basis. Tax preparation You deduct SEP contributions made for calendar year 2013 on your tax return for your tax year ending June 30, 2014. Tax preparation Where To Deduct Contributions Deduct the contributions you make for your common-law employees on your tax return. Tax preparation For example, sole proprietors deduct them on Schedule C (Form 1040) or Schedule F (Form 1040), Profit or Loss From Farming; partnerships deduct them on Form 1065, U. Tax preparation S. Tax preparation Return of Partnership Income; and corporations deduct them on Form 1120, U. Tax preparation S. Tax preparation Corporation Income Tax Return, or Form 1120S, U. Tax preparation S. Tax preparation Income Tax Return for an S Corporation. Tax preparation Sole proprietors and partners deduct contributions for themselves on line 28 of Form 1040. Tax preparation (If you are a partner, contributions for yourself are shown on the Schedule K-1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc. Tax preparation , you receive from the partnership. Tax preparation ) Remember that sole proprietors and partners can't deduct as a business expense contributions made to a SEP for themselves, only those made for their common-law employees. Tax preparation Salary Reduction Simplified Employee Pensions (SARSEPs) A SARSEP is a SEP set up before 1997 that includes a salary reduction arrangement. Tax preparation (See the Caution, next. Tax preparation ) Under a SARSEP, your employees can choose to have you contribute part of their pay to their SEP-IRAs rather than receive it in cash. Tax preparation This contribution is called an “elective deferral” because employees choose (elect) to set aside the money, and they defer the tax on the money until it is distributed to them. Tax preparation You are not allowed to set up a SARSEP after 1996. Tax preparation However, participants (including employees hired after 1996) in a SARSEP set up before 1997 can continue to have you contribute part of their pay to the plan. Tax preparation If you are interested in setting up a retirement plan that includes a salary reduction arrangement, see chapter 3. Tax preparation Who can have a SARSEP?   A SARSEP set up before 1997 is available to you and your eligible employees only if all the following requirements are met. Tax preparation At least 50% of your employees eligible to participate choose to make elective deferrals. Tax preparation You have 25 or fewer employees who were eligible to participate in the SEP at any time during the preceding year. Tax preparation The elective deferrals of your highly compensated employees meet the SARSEP ADP test. Tax preparation SARSEP ADP test. Tax preparation   Under the SARSEP ADP test, the amount deferred each year by each eligible highly compensated employee as a percentage of pay (the deferral percentage) cannot be more than 125% of the average deferral percentage (ADP) of all non-highly compensated employees eligible to participate. Tax preparation A highly compensated employee is defined in chapter 1. Tax preparation Deferral percentage. Tax preparation   The deferral percentage for an employee for a year is figured as follows. Tax preparation   The elective employer contributions (excluding certain catch-up contributions)  paid to the SEP for the employee for the year     The employee's compensation (limited to $255,000 in 2013)   The instructions for Form 5305A-SEP have a worksheet you can use to determine whether the elective deferrals of your highly compensated employees meet the SARSEP ADP test. Tax preparation Employee compensation. Tax preparation   For figuring the deferral percentage, compensation is generally the amount you pay to the employee for the year. Tax preparation Compensation includes the elective deferral and other amounts deferred in certain employee benefit plans. Tax preparation See Compensation in chapter 1. Tax preparation Elective deferrals under the SARSEP are included in figuring your employees' deferral percentage even though they are not included in the income of your employees for income tax purposes. Tax preparation Compensation of self-employed individuals. Tax preparation   If you are self-employed, compensation is your net earnings from self-employment as defined in chapter 1. Tax preparation   Compensation does not include tax-free items (or deductions related to them) other than foreign earned income and housing cost amounts. Tax preparation Choice not to treat deferrals as compensation. Tax preparation   You can choose not to treat elective deferrals (and other amounts deferred in certain employee benefit plans) for a year as compensation under your SARSEP. Tax preparation Limit on Elective Deferrals The most a participant can choose to defer for calendar year 2013 is the lesser of the following amounts. Tax preparation 25% of the participant's compensation (limited to $255,000 of the participant's compensation). Tax preparation $17,500. Tax preparation The $17,500 limit applies to the total elective deferrals the employee makes for the year to a SEP and any of the following. Tax preparation Cash or deferred arrangement (section 401(k) plan). Tax preparation Salary reduction arrangement under a tax-sheltered annuity plan (section 403(b) plan). Tax preparation SIMPLE IRA plan. Tax preparation In 2014, the $255,000 limit increases to $260,000 and the $17,500 limit remains at $17,500. Tax preparation Catch-up contributions. Tax preparation   A SARSEP can permit participants who are age 50 or over at the end of the calendar year to also make catch-up contributions. Tax preparation The catch-up contribution limit for 2013 is $5,500 and remains at $5,500 for 2014. Tax preparation Elective deferrals are not treated as catch-up contributions for 2013 until they exceed the elective deferral limit (the lesser of 25% of compensation or $17,500), the SARSEP ADP test limit discussed earlier, or the plan limit (if any). Tax preparation However, the catch-up contribution a participant can make for a year cannot exceed the lesser of the following amounts. Tax preparation The catch-up contribution limit. Tax preparation The excess of the participant's compensation over the elective deferrals that are not catch-up contributions. Tax preparation   Catch-up contributions are not subject to the elective deferral limit (the lesser of 25% of compensation or $17,500 in 2013 and in 2014). Tax preparation Overall limit on SEP contributions. Tax preparation   If you also make nonelective contributions to a SEP-IRA, the total of the nonelective and elective contributions to that SEP-IRA cannot exceed the lesser of 25% of the employee's compensation or $51,000 for 2013 ($52,000 for 2014). Tax preparation The same rule applies to contributions you make to your own SEP-IRA. Tax preparation See Contribution Limits , earlier. Tax preparation Figuring the elective deferral. Tax preparation   For figuring the 25% limit on elective deferrals, compensation does not include SEP contributions, including elective deferrals or other amounts deferred in certain employee benefit plans. Tax preparation Tax Treatment of Deferrals Elective deferrals that are not more than the limits discussed earlier under Limit on Elective Deferrals are excluded from your employees' wages subject to federal income tax in the year of deferral. Tax preparation However, these deferrals are included in wages for social security, Medicare, and federal unemployment (FUTA) tax. Tax preparation Excess deferrals. Tax preparation   For 2013, excess deferrals are the elective deferrals for the year that are more than the $17,500 limit discussed earlier. Tax preparation For a participant who is eligible to make catch-up contributions, excess deferrals are the elective deferrals that are more than $23,000. Tax preparation The treatment of excess deferrals made under a SARSEP is similar to the treatment of excess deferrals made under a qualified plan. Tax preparation See Treatment of Excess Deferrals under Elective Deferrals (401(k) Plans) in chapter 4. Tax preparation Excess SEP contributions. Tax preparation   Excess SEP contributions are elective deferrals of highly compensated employees that are more than the amount permitted under the SARSEP ADP test. Tax preparation You must notify your highly compensated employees within 2½ months after the end of the plan year of their excess SEP contributions. Tax preparation If you do not notify them within this time period, you must pay a 10% tax on the excess. Tax preparation For an explanation of the notification requirements, see Rev. Tax preparation Proc. Tax preparation 91-44, 1991-2 C. Tax preparation B. Tax preparation 733. Tax preparation If you adopted a SARSEP using Form 5305A-SEP, the notification requirements are explained in the instructions for that form. Tax preparation Reporting on Form W-2. Tax preparation   Do not include elective deferrals in the “Wages, tips, other compensation” box of Form W-2. Tax preparation You must, however, include them in the “Social security wages” and “Medicare wages and tips” boxes. Tax preparation You must also include them in box 12. Tax preparation Mark the “Retirement plan” checkbox in box 13. Tax preparation For more information, see the Form W-2 instructions. Tax preparation Distributions (Withdrawals) As an employer, you cannot prohibit distributions from a SEP-IRA. Tax preparation Also, you cannot make your contributions on the condition that any part of them must be kept in the account after you have made your contributions to the employee's accounts. Tax preparation Distributions are subject to IRA rules. Tax preparation Generally, you or your employee must begin to receive distributions from a SEP-IRA by April 1 of the first year after the calendar year in which you or your employee reaches age 70½. Tax preparation For more information about IRA rules, including the tax treatment of distributions, rollovers, required distributions, and income tax withholding, see Publication 590. Tax preparation Additional Taxes The tax advantages of using SEP-IRAs for retirement savings can be offset by additional taxes that may be imposed for all the following actions. Tax preparation Making excess contributions. Tax preparation Making early withdrawals. Tax preparation Not making required withdrawals. Tax preparation For information about these taxes, see chapter 1 in Publication 590. Tax preparation Also, a SEP-IRA may be disqualified, or an excise tax may apply, if the account is involved in a prohibited transaction, discussed next. Tax preparation Prohibited transaction. Tax preparation   If an employee improperly uses his or her SEP-IRA, such as by borrowing money from it, the employee has engaged in a prohibited transaction. Tax preparation In that case, the SEP-IRA will no longer qualify as an IRA. Tax preparation For a list of prohibited transactions, see Prohibited Transactions in chapter 4. Tax preparation Effects on employee. Tax preparation   If a SEP-IRA is disqualified because of a prohibited transaction, the assets in the account will be treated as having been distributed to the employee on the first day of the year in which the transaction occurred. Tax preparation The employee must include in income the fair market value of the assets (on the first day of the year) that is more than any cost basis in the account. Tax preparation Also, the employee may have to pay the additional tax for making early withdrawals. Tax preparation Reporting and Disclosure Requirements If you set up a SEP using Form 5305-SEP, you must give your eligible employees certain information about the SEP when you set it up. Tax preparation See Setting Up a SEP , earlier. Tax preparation Also, you must give your eligible employees a statement each year showing any contributions to their SEP-IRAs. Tax preparation You must also give them notice of any excess contributions. Tax preparation For details about other information you must give them, see the instructions for Form 5305-SEP or Form 5305A-SEP (for a salary reduction SEP). Tax preparation Even if you did not use Form 5305-SEP or Form 5305A-SEP to set up your SEP, you must give your employees information similar to that described above. Tax preparation For more information, see the instructions for either Form 5305-SEP or Form 5305A-SEP. Tax preparation Prev  Up  Next   Home   More Online Publications
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Tax preparation Publication 4492-B - Main Content Table of Contents DefinitionsMidwestern Disaster Areas Applicable Disaster Date Charitable Giving IncentivesTemporary Suspension of Limits on Charitable Contributions Standard Mileage Rate for Charitable Use of Vehicles Mileage Reimbursements to Charitable Volunteers Casualty and Theft LossesTime limit for making election. Tax preparation Replacement Period for Nonrecognition of Gain Net Operating Losses IRAs and Other Retirement PlansDefinitions Taxation of Qualified Disaster Recovery Assistance Distributions Repayment of Qualified Disaster Recovery Assistance Distributions Repayment of Qualified Distributions for the Purchase or Construction of a Main Home Loans From Qualified Plans Additional Tax Relief for IndividualsEarned Income Credit and Child Tax Credit Additional Exemption for Housing Individuals Displaced by the Severe Storms, Tornadoes, or Flooding Education Credits Recapture of Federal Mortgage Subsidy Exclusion of Certain Cancellations of Indebtedness by Reason of the Severe Storms, Tornadoes, or Flooding Tax Relief for Temporary Relocation Additional Tax Relief for BusinessesEmployee Retention Credit Employer Housing Credit and Exclusion Demolition and Clean-up Costs Increase in Rehabilitation Tax Credit Request for Copy or Transcript of Tax Return How To Get Tax HelpLow Income Taxpayer Clinics (LITCs). Tax preparation Definitions The following definitions are used throughout this publication. Tax preparation Midwestern Disaster Areas A Midwestern disaster area is an area for which a major disaster was declared by the President during the period beginning on May 20, 2008, and ending on July 31, 2008, in the state of Arkansas, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, or Wisconsin, as a result of severe storms, tornadoes, or flooding that occurred on the applicable disaster date. Tax preparation See Tables 1 and 2 for a list of the counties included in the Midwestern disaster areas. Tax preparation Applicable Disaster Date The term “applicable disaster date” as used in this publication, refers to the date on which the severe storms, tornadoes, or flooding occurred in the Midwestern disaster areas. Tax preparation You will need to know this date when using this publication for the various tax provisions. Tax preparation Table 1 The counties listed in Table 1 below are eligible for all tax provisions shown in this publication. Tax preparation Applicable Disaster Dates* State Affected Counties—Midwestern Disaster Areas 05/02/2008through05/12/2008 Arkansas Arkansas, Benton, Cleburne, Conway, Crittenden, Grant, Lonoke, Mississippi, Phillips, Pulaski, Saline, and Van Buren. Tax preparation 06/01/2008through07/22/2008 Illinois Adams, Calhoun, Clark, Coles, Crawford, Cumberland, Douglas, Edgar, Hancock, Henderson, Jasper, Jersey, Lake, Lawrence, Mercer, Rock Island, Whiteside, and Winnebago. Tax preparation 05/30/2008through06/27/2008 Indiana Adams, Bartholomew, Brown, Clay, Daviess, Dearborn, Decatur, Gibson, Grant, Greene, Hamilton, Hancock, Hendricks, Henry, Huntington, Jackson, Jefferson, Jennings, Johnson, Knox, Lawrence, Madison, Marion, Monroe, Morgan, Owen, Parke, Pike, Posey, Putnam, Randolph, Ripley, Rush, Shelby, Sullivan, Tippecanoe, Vermillion, Vigo, Washington, and Wayne. Tax preparation 05/25/2008through08/13/2008 Iowa Adair, Adams, Allamakee, Appanoose, Audubon, Benton, Black Hawk, Boone, Bremer, Buchanan, Butler, Cass, Cedar, Cerro Gordo, Chickasaw, Clarke, Clayton, Clinton, Crawford, Dallas, Davis, Decatur, Delaware, Des Moines, Dubuque, Fayette, Floyd, Franklin, Fremont, Greene, Grundy, Guthrie, Hamilton, Hancock, Hardin, Harrison, Henry, Howard, Humboldt, Iowa, Jackson, Jasper, Johnson, Jones, Keokuk, Kossuth, Lee, Linn, Louisa, Lucas, Madison, Mahaska, Marion, Marshall, Mills, Mitchell, Monona, Monroe, Montgomery, Muscatine, Page, Polk, Pottawattamie, Poweshiek, Ringgold, Scott, Story, Tama, Union, Van Buren, Wapello, Warren, Washington, Webster, Winnebago, Winneshiek, Worth, and Wright. Tax preparation 05/10/2008through05/11/2008 Missouri Barry, Jasper, and Newton. Tax preparation 06/01/2008through08/13/2008 Missouri Adair, Andrew, Callaway, Cass, Chariton, Clark, Gentry, Greene, Harrison, Holt, Johnson, Lewis, Lincoln, Linn, Livingston, Macon, Marion, Monroe, Nodaway, Pike, Putnam, Ralls, St. Tax preparation Charles, Stone, Taney, Vernon, and Webster. Tax preparation 05/22/2008through06/24/2008 Nebraska Buffalo, Butler, Colfax, Custer, Dawson, Douglas, Gage, Hamilton, Holt, Jefferson, Kearney, Lancaster, Platte, Richardson, Sarpy, and Saunders. Tax preparation 06/05/2008through07/25/2008 Wisconsin Adams, Calumet, Crawford, Columbia, Dane, Dodge, Fond du Lac, Grant, Green, Green Lake, Iowa, Jefferson, Juneau, Kenosha, La Crosse, Manitowoc, Marquette, Milwaukee, Monroe, Ozaukee, Racine, Richland, Rock, Sauk, Sheboygan, Vernon, Walworth, Washington, Waukesha, and Winnebago. Tax preparation *For more details, go to www. Tax preparation fema. Tax preparation gov Table 2 The counties listed in Table 2 below are eligible for all of the special tax provisions shown in this publication except the following. Tax preparation Charitable Giving Incentives. Tax preparation Net Operating Losses. Tax preparation Education Credits. Tax preparation Recapture of Federal Mortgage Subsidy. Tax preparation Tax Relief for Temporary Relocation. Tax preparation Employee Retention Credit. Tax preparation Employer Housing Credit and Exclusion. Tax preparation Demolition and Clean-up Costs. Tax preparation Increase in Rehabilitation Credit. Tax preparation Applicable Disaster Dates* State Affected Counties—Midwestern Disaster Areas 06/01/2008through07/22/2008 Illinois Greene, Madison, Monroe, Pike, Randolph, St. Tax preparation Clair, and Scott. Tax preparation 05/30/2008through06/27/2008 Indiana Benton, Boone, Fountain, Franklin, Jay, Montgomery, Ohio, Switzerland, Union, and Wabash. Tax preparation 05/25/2008through08/13/2008 Iowa Carroll, Cherokee, Lyon, Palo Alto, Pocahontas, Taylor, and Wayne. Tax preparation 05/22/2008through06/16/2008 Kansas Barber, Barton, Bourbon, Brown, Butler, Chautauqua, Cherokee, Clark, Clay, Comanche, Cowley, Crawford, Decatur, Dickinson, Edwards, Elk, Ellis, Ellsworth, Franklin, Gove, Graham, Harper, Haskell, Hodgeman, Jackson, Jewell, Kingman, Kiowa, Lane, Linn, Logan, Mitchell, Montgomery, Ness, Norton, Osborne, Pawnee, Phillips, Pratt, Reno, Republic, Riley, Rooks, Rush, Saline, Seward, Sheridan, Smith, Stafford, Sumner, Thomas, Trego, Wallace, and Wilson. Tax preparation 06/06/2008through06/13/2008 Michigan Allegan, Barry, Eaton, Ingham, Lake, Manistee, Mason, Missaukee, Osceola, Ottawa, Saginaw, and Wexford. Tax preparation 06/06/2008through06/12/2008 Minnesota Cook, Fillmore, Freeborn, Houston, Mower, and Nobles. Tax preparation 06/01/2008through08/13/2008 Missouri Atchison, Audrain, Bates, Buchanan, Cape Girardeau, Carroll, Christian, Daviess, Grundy, Howard, Jefferson, Knox, Mercer, Miller, Mississippi, Morgan, New Madrid, Pemiscot, Perry, Pettis, Platte, Polk, Randolph, Ray, Saline, Schuyler, Scotland, Shelby, St. Tax preparation Genevieve, St. Tax preparation Louis, the Independent City of St. Tax preparation Louis, Scott, Sullivan, and Worth. Tax preparation 04/23/2008through04/26/2008 Nebraska Gage, Johnson, Morrill, Nemaha, and Pawnee. Tax preparation 05/22/2008through06/24/2008 Nebraska Adams, Blaine, Boone, Boyd, Brown, Burt, Cass, Chase, Cherry, Cuming, Dundy, Fillmore, Frontier, Furnas, Garfield, Gosper, Greeley, Hall, Hayes, Howard, Johnson, Keya Paha, Lincoln, Logan, Loup, Merrick, McPherson, Morrill, Nance, Nemaha, Otoe, Phelps, Polk, Red Willow, Rock, Saline, Seward, Sherman, Stanton, Thayer, Thomas, Thurston, Valley, Webster, Wheeler, and York. Tax preparation 06/27/2008 Nebraska Dodge, Douglas, Sarpy, and Saunders. Tax preparation 06/05/2008through07/25/2008 Wisconsin Lafayette. Tax preparation * For more details, go to www. Tax preparation fema. Tax preparation gov Charitable Giving Incentives Temporary Suspension of Limits on Charitable Contributions This benefit applies only to the counties in Table 1. Tax preparation Individuals. Tax preparation   Qualified contributions are not subject to the overall limit on itemized deductions or the 50% of adjusted gross income (AGI) limit. Tax preparation A qualified contribution is a charitable contribution paid in cash or by check to a 50% limit organization if you make an election to have the 50% limit not apply to these contributions. Tax preparation   A qualified contribution must also meet all of the following requirements. Tax preparation Be paid after May 1, 2008, and before January 1, 2009. Tax preparation The contribution must be for relief efforts in one or more Midwestern disaster areas. Tax preparation Documentation must be provided by the donee organization that the contribution was used (or will be used) for relief efforts in one or more Midwestern disaster areas. Tax preparation   Your deduction for qualified contributions is limited to your AGI minus your deduction for all other charitable contributions. Tax preparation You can carry over any contributions you are not able to deduct for 2008 because of this limit. Tax preparation In 2009, the carryover of your unused qualified contributions is subject to the 50% of AGI limit. Tax preparation Exception. Tax preparation   Qualified contributions do not include contributions to certain private foundations described in section 509(a)(3) or contributions for the establishment of a new, or maintenance of an existing, donor advised fund. Tax preparation Corporations. Tax preparation   A corporation can elect to deduct qualified cash contributions without regard to the 10% of taxable income limit if the contributions were paid after May 1, 2008, and before January 1, 2009, to a qualified charitable organization (other than certain private foundations described in section 509(a)(3) or contributions for the establishment of a new, or maintenance of an existing, donor advised fund), for relief efforts in one or more Midwestern disaster areas. Tax preparation Documentation must be provided by the donee organization that the contribution was used (or will be used) for relief efforts in one or more Midwestern disaster areas. Tax preparation The corporation's deduction for these qualified contributions is limited to 100% of taxable income (as modified for the 10% limit) minus the corporation's deduction for all other charitable contributions. Tax preparation Any qualified contributions over this limit can be carried over to the next 5 years, subject to the 10% of taxable income limit. Tax preparation Partners and shareholders. Tax preparation   Each partner in a partnership and each shareholder in an S corporation must make a separate election to have the appropriate limit not apply. Tax preparation More information. Tax preparation   For more information, see Publication 526 or Publication 542, Corporations. Tax preparation Publication 526 includes a worksheet you can use to figure your deduction if any limits apply to your charitable contributions. Tax preparation Standard Mileage Rate for Charitable Use of Vehicles This benefit applies only to the counties in Table 1. Tax preparation The following are special standard mileage rates in effect for 2008 for the cost of operating your vehicle for providing charitable services related only to the severe storms, tornadoes, or flooding. Tax preparation 36 cents per mile for the period beginning on the applicable disaster date through June 30, 2008. Tax preparation 41 cents per mile for the period July 1 through December 31, 2008. Tax preparation Mileage Reimbursements to Charitable Volunteers This benefit applies only to the counties in Table 1. Tax preparation You can exclude from income amounts you receive as mileage reimbursements for the use of a private passenger vehicle for the benefit of a qualified charitable organization in providing relief related to the severe storms, tornadoes, or flooding during the period beginning on the applicable disaster date, and ending on December 31, 2008. Tax preparation You cannot claim a deduction or credit for amounts you exclude. Tax preparation You must keep records of miles driven, time, place (or use), and purpose of the mileage. Tax preparation The amount you can exclude cannot exceed the standard business mileage rate (shown below) for expenses incurred during the following periods. Tax preparation 50. Tax preparation 5 cents per mile for the period beginning on the applicable disaster date through June 30, 2008. Tax preparation 58. Tax preparation 5 cents per mile for the period July 1 through December 31, 2008. Tax preparation Casualty and Theft Losses This benefit applies to the counties in both Tables 1 and 2. Tax preparation The following paragraphs explain changes to casualty and theft losses that were caused by the severe storms, tornadoes, or flooding in the Midwestern disaster areas. Tax preparation For more information, see Publication 547. Tax preparation Limits on personal casualty or theft losses. Tax preparation   Losses of personal use property that arose in a Midwestern disaster area on or after the applicable disaster date are not subject to the $100 or 10% of AGI limits. Tax preparation Qualifying losses include losses from casualties and thefts that arose in a Midwestern disaster area that were attributable to the severe storms, tornadoes, or flooding. Tax preparation When completing Form 4684, do not include on line 17 any losses that arose in a Midwestern disaster area. Tax preparation A loss arising in a Midwestern disaster area is not considered a loss attributable to a federally declared disaster for purposes of that line and cannot be added to your standard deduction. Tax preparation When to deduct the loss. Tax preparation   Casualty and theft losses are generally deductible only in the year the casualty occurred or the theft was discovered. Tax preparation However, you can elect to deduct losses caused by the severe storms, tornadoes, or flooding on your return for the prior year. Tax preparation Special instructions for individuals who elect to claim a Midwestern disaster area casualty or theft loss for 2007. Tax preparation   Individuals filing or amending their 2007 tax return for casualty or theft losses that were attributable to the severe storms, tornadoes, or flooding should: Enter “Midwestern Disaster Area” at the top of Form 1040 or Form 1040X, and Complete the 2008 version of Form 4684. Tax preparation Cross out “2008” and enter “2007” at the top of Form 4684. Tax preparation Time limit for making election. Tax preparation   You must make this election to claim your casualty or theft loss in 2007 by the later of the following dates. Tax preparation The due date (without extensions) for filing your 2008 income tax return. Tax preparation The due date (with extensions) for filing your 2007 income tax return. Tax preparation Example. Tax preparation If you are a calendar year individual taxpayer, you have until April 15, 2009, to amend your 2007 tax return to claim a casualty or theft loss that occurred during 2008. Tax preparation Replacement Period for Nonrecognition of Gain This benefit applies to the counties in both Tables 1 and 2. Tax preparation Generally, an involuntary conversion occurs when property is damaged, destroyed, stolen, seized, requisitioned, or condemned, and you receive other property or money in payment, such as insurance or a condemnation award. Tax preparation Generally, you do not have to report a gain (if any) if you replace the property within 2 years (4 years for a main home in a federally declared disaster area). Tax preparation However, for property that was involuntarily converted on or after the applicable disaster date, as a result of the severe storms, tornadoes, or flooding, a 5-year replacement period applies if substantially all of the use of the replacement property is in a Midwestern disaster area. Tax preparation For more information, see the Instructions for Form 4684. Tax preparation Net Operating Losses This benefit applies only to the counties in Table 1. Tax preparation Qualified disaster recovery assistance loss. Tax preparation   Generally, you can carry a net operating loss (NOL) back to the 2 tax years before the NOL year. Tax preparation However, the portion of an NOL that is a qualified disaster recovery assistance loss can be carried back to the 5 tax years before the NOL year. Tax preparation In addition, the 90% limit on the alternative tax NOL deduction (ATNOLD) does not apply to such portion of the ATNOLD. Tax preparation   A qualified disaster recovery assistance loss is the smaller of: The excess of the NOL for the year over the specified liability loss for the year to which a 10-year carryback applies, or The total of the following deductions (to the extent they are taken into account in computing the NOL for the tax year): Qualified disaster recovery assistance casualty loss (as defined below), Moving expenses paid or incurred on or after the applicable disaster date, and before January 1, 2011, for the employment of an individual whose main home was in a Midwestern disaster area before the applicable disaster date, who was unable to remain in that home because of the severe storms, tornadoes, or flooding, and whose main job location (after the move) is in a Midwestern disaster area, Temporary housing expenses paid or incurred on or after the applicable disaster date, and before January 1, 2011, to house employees of the taxpayer whose main job location is in a Midwestern disaster area, Depreciation or amortization allowable for any qualified disaster recovery assistance property (even if you elected not to claim the special disaster recovery assistance depreciation allowance for such property) for the year placed in service, and Repair expenses (including expenses for the removal of debris) paid or incurred on or after the applicable disaster date, and before January 1, 2011, for any damage from the severe storms, tornadoes, or flooding to property located in a Midwestern disaster area. Tax preparation Qualified disaster recovery assistance casualty loss. Tax preparation   A qualified disaster recovery assistance casualty loss is any deductible section 1231 loss of property located in a Midwestern disaster area if the loss was caused by the severe storms, tornadoes, or flooding. Tax preparation For this purpose, the amount of the loss is reduced by any recognized gain from an involuntary conversion caused by the severe storms, tornadoes, or flooding of property located in a Midwestern disaster area. Tax preparation Any such loss taken into account in figuring your qualified disaster recovery assistance loss is not eligible for the election to be treated as having occurred in the previous tax year. Tax preparation More information. Tax preparation   For more information on NOLs, see Publication 536 or Publication 542, Corporations. Tax preparation IRAs and Other Retirement Plans New rules provide for tax-favored withdrawals, repayments, and loans from certain retirement plans for taxpayers who suffered economic losses as a result of the severe storms, tornadoes, or flooding. Tax preparation Definitions Qualified disaster recovery assistance distribution. Tax preparation   A qualified disaster recovery assistance distribution is any distribution you received from an eligible retirement plan if all of the following apply. Tax preparation The distribution was made on or after the applicable disaster date and before January 1, 2010. Tax preparation Your main home was located in a Midwestern disaster area on the applicable disaster date. Tax preparation You sustained an economic loss because of the severe storms, tornadoes, or flooding and your main home was in a Midwestern disaster area on the applicable disaster date. Tax preparation Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. Tax preparation   If (1) through (3) above apply, you can generally designate any distribution (including periodic payments and required minimum distributions) from an eligible retirement plan as a qualified disaster recovery assistance distribution, regardless of whether the distribution was made on account of the severe storms, tornadoes, or flooding. Tax preparation Qualified disaster recovery assistance distributions are permitted without regard to your need or the actual amount of your economic loss. Tax preparation   The total of your qualified disaster recovery assistance distributions from all plans is limited to $100,000. Tax preparation If you have distributions in excess of $100,000 from more than one type of plan, such as a 401(k) plan and an IRA, you can allocate the $100,000 limit among the plans any way you choose. Tax preparation   A reduction or offset (on or after the applicable disaster date) of your account balance in an eligible retirement plan in order to repay a loan can also be designated as a qualified disaster recovery assistance distribution. Tax preparation Eligible retirement plan. Tax preparation   An eligible retirement plan can be any of the following. Tax preparation A qualified pension, profit-sharing, or stock bonus plan (including a 401(k) plan). Tax preparation A qualified annuity plan. Tax preparation A tax-sheltered annuity contract. Tax preparation A governmental section 457 deferred compensation plan. Tax preparation A traditional, SEP, SIMPLE, or Roth IRA. Tax preparation Main home. Tax preparation   Generally, your main home is the home where you live most of the time. Tax preparation A temporary absence due to special circumstances, such as illness, education, business, military service, evacuation, or vacation, will not change your main home. Tax preparation Taxation of Qualified Disaster Recovery Assistance Distributions This benefit applies to the counties in both Tables 1 and 2. Tax preparation Qualified disaster recovery assistance distributions are included in income in equal amounts over three years. Tax preparation However, if you elect, you can include the entire distribution in your income in the year it was received. Tax preparation Qualified disaster recovery assistance distributions are not subject to the additional 10% tax (or the additional 25% tax for certain distributions from SIMPLE IRAs) on early distributions from qualified retirement plans (including IRAs). Tax preparation However, any distributions you receive in excess of the $100,000 qualified disaster recovery assistance distribution limit may be subject to the additional tax on early distributions. Tax preparation For more information, see Form 8930. Tax preparation Repayment of Qualified Disaster Recovery Assistance Distributions This benefit applies to the counties in both Tables 1 and 2. Tax preparation If you choose, you generally can repay any portion of a qualified disaster recovery assistance distribution that is eligible for tax-free rollover treatment to an eligible retirement plan. Tax preparation Also, you can repay a qualified disaster recovery assistance distribution made on account of a hardship from a retirement plan. Tax preparation However, see Exceptions later for qualified disaster recovery assistance distributions you cannot repay. Tax preparation You have three years from the day after the date you received the distribution to make a repayment. Tax preparation Amounts that are repaid are treated as a qualified rollover and are not included in income. Tax preparation Also, a repayment of a qualified disaster recovery assistance distribution to an IRA is not counted when figuring the one-rollover-per-year limitation. Tax preparation See Form 8930 for more information on how to report repayments. Tax preparation Exceptions. Tax preparation   You cannot repay the following types of distributions. Tax preparation Qualified disaster recovery assistance distributions received as a beneficiary (other than a surviving spouse). Tax preparation Required minimum distributions. Tax preparation Periodic payments (other than from an IRA) that are for: A period of 10 years or more, Your life or life expectancy, or The joint lives or joint life expectancies of you and your beneficiary. Tax preparation Repayment of Qualified Distributions for the Purchase or Construction of a Main Home This benefit applies to the counties in both Tables 1 and 2. Tax preparation If you received a qualified distribution to purchase or construct a main home in a Midwestern disaster area, you can repay part or all of that distribution on or after the applicable disaster date, but no later than March 3, 2009, to an eligible retirement plan. Tax preparation For this purpose, an eligible retirement plan is any plan, annuity, or IRA to which a qualified rollover can be made. Tax preparation To be a qualified distribution, the distribution must meet all of the following requirements. Tax preparation The distribution is a hardship distribution from a 401(k) plan, a hardship distribution from a tax-sheltered annuity contract, or a qualified first-time homebuyer distribution from an IRA. Tax preparation The distribution was received after the date that was 6 months before the day after the applicable disaster date. Tax preparation The distribution was to be used to purchase or construct a main home in a Midwestern disaster area that was not purchased or constructed because of the severe storms, tornadoes, or flooding. Tax preparation Amounts that are repaid before March 4, 2009, are treated as a qualified rollover and are not included in income. Tax preparation Also, a repayment of a qualified distribution to an IRA is not counted when figuring the one-rollover-per-year limitation. Tax preparation A qualified distribution not repaid before March 4, 2009, may be taxable for 2007 or 2008 and subject to the additional 10% tax (or the additional 25% tax for certain SIMPLE IRAs) on early distributions. Tax preparation You must file Form 8930 if you received a qualified distribution that you repaid, in whole or in part, before March 4, 2009. Tax preparation Loans From Qualified Plans This benefit applies to the counties in both Tables 1 and 2. Tax preparation The following benefits are available to qualified individuals. Tax preparation Increases to the limits for distributions treated as loans from employer plans. Tax preparation A 1-year suspension for payments due on plan loans. Tax preparation Qualified individual. Tax preparation   You are a qualified individual if your main home was located in a Midwestern disaster area on the applicable disaster date and you had an economic loss because of the severe storms, tornadoes, or flooding. Tax preparation Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. Tax preparation Limits on plan loans. Tax preparation   The $50,000 limit for distributions treated as plan loans is increased to $100,000. Tax preparation In addition, the limit based on 50% of your vested accrued benefit is increased to 100% of that benefit. Tax preparation If your main home was located in a Midwestern disaster area, the higher limits apply only to loans received during the period beginning on October 3, 2008, and ending on December 31, 2009. Tax preparation One-year suspension of loan payments. Tax preparation   Payments on plan loans outstanding on or after the applicable disaster date, may be suspended for 1 year by the plan administrator. Tax preparation To qualify for the suspension, the due date for any loan payment must occur during the period beginning on the applicable disaster date and ending on December 31, 2009. Tax preparation Additional Tax Relief for Individuals Earned Income Credit and Child Tax Credit This benefit applies to the counties in both Tables 1 and 2. Tax preparation You can elect to use your 2007 earned income to figure your earned income credit (EIC) and additional child tax credit for 2008 if: Your 2008 earned income is less than your 2007 earned income, and At least one of the following statements is true. Tax preparation Your main home on the applicable disaster date was in a Midwestern disaster area as shown in Table 1. Tax preparation Your main home on the applicable disaster date was in a Midwestern disaster area as shown in Table 2, and you were displaced from that home because of the severe storms, tornadoes, or flooding. Tax preparation Earned income. Tax preparation    For the purpose of this election, your earned income for both the EIC and the additional child tax credit is the amount of earned income used to figure your EIC, even if you did not take the EIC and even if that amount is different than your earned income for the additional child tax credit. Tax preparation If you are claiming only the additional child tax credit, you must figure the amount of your earned income for EIC purposes to determine your eligibility to make the election and the amount of the credit. Tax preparation Joint returns. Tax preparation   If you file a joint return, you qualify to make this election even if only one spouse meets the requirements. Tax preparation If you make the election, your 2007 earned income is the sum of your 2007 earned income and your spouse's 2007 earned income. Tax preparation Making the election. Tax preparation   If you make the election to use your 2007 earned income, the election applies for figuring both the EIC and the additional child tax credit. Tax preparation However, you can make the election for the additional child tax credit even if you do not take the EIC. Tax preparation   Electing to use your 2007 earned income can increase or decrease your EIC. Tax preparation Take the following steps to decide whether to make the election. Tax preparation Figure your 2008 EIC using your 2007 earned income. Tax preparation Figure your 2008 additional child tax credit using your 2007 earned income for EIC purposes. Tax preparation Add the results of (1) and (2). Tax preparation Figure your 2008 EIC using your 2008 earned income. Tax preparation Figure your 2008 additional child tax credit using your 2008 earned income for additional child tax credit purposes. Tax preparation Add the results of (4) and (5). Tax preparation Compare the results of (3) and (6). Tax preparation If (3) is larger than (6), it is to your benefit to make the election. Tax preparation If (3) is equal to or smaller than (6), making the election will not help you. Tax preparation   If you elect to use your 2007 earned income and you are claiming the EIC, enter “PYEI” and the amount of your 2007 earned income on the dotted line next to line 64a of Form 1040, on the line next to line 40a of Form 1040A, or in the space to the left of line 8a of Form 1040EZ. Tax preparation   If you elect to use your 2007 earned income and you are claiming the additional child tax credit, enter your 2007 earned income for EIC purposes (even if you did not claim the EIC) on Form 8812, Additional Child Tax Credit, line 4a, and check the box on that line. Tax preparation Getting your 2007 tax return information. Tax preparation   If you do not have your 2007 tax records, you can get the amount of earned income used to figure your 2007 EIC by calling 1-866-562-5227. Tax preparation You can also get this information by visiting the IRS website at www. Tax preparation irs. Tax preparation gov. Tax preparation   If you prefer to figure your 2007 earned income yourself, copies or transcripts of your filed and processed tax returns can help you reconstruct your tax records. Tax preparation See Request for Copy or Transcript of Tax Return on page 11. Tax preparation Additional Exemption for Housing Individuals Displaced by the Severe Storms, Tornadoes, or Flooding This benefit applies to the counties in both Tables 1 and 2. Tax preparation You can claim an additional exemption amount of $500 for providing housing in your main home for each individual displaced by the severe storms, tornadoes, or flooding. Tax preparation The additional exemption amount is claimed on Form 8914. Tax preparation You can claim an additional exemption amount only one time for a specific individual. Tax preparation If you claimed an additional exemption amount for an individual in 2008, you cannot claim that amount again for the same individual in 2009. Tax preparation The maximum additional exemption amount you can claim for all displaced individuals is $2,000. Tax preparation Any additional exemption amount you claimed for displaced individuals in 2008 will reduce the $2,000 maximum for 2009. Tax preparation The $2,000 limit applies to a husband and wife, whether the husband and wife file joint returns or separate returns. Tax preparation If married filing separately, the $2,000 can be divided in $500 increments between the spouses. Tax preparation For example, if one spouse claims an additional exemption amount for one displaced individual, the other spouse, if otherwise eligible, can claim additional exemption amounts for three different displaced individuals. Tax preparation If two or more taxpayers share the same main home, only one taxpayer in that main home can claim the additional exemption amount for a specific displaced individual. Tax preparation In order for you to be considered to have provided housing, you must have a legal interest in the main home (that is, own or rent the home). Tax preparation To qualify as a displaced individual, the individual: Must have had his or her main home in a Midwestern disaster area on the applicable disaster date, and he or she must have been displaced from that home. Tax preparation If the individual's main home was located in a Midwestern disaster area as shown in Table 2, that home must have been damaged by the severe storms, tornadoes, or flooding or the individual must have been evacuated from that home because of the severe storms, tornadoes, or flooding, Must have been provided housing in your main home for a period of at least 60 consecutive days ending in the tax year in which the exemption is claimed, and Cannot be your spouse or dependent. Tax preparation You cannot claim the additional exemption amount if you received rent (or any other amount) from any source for providing the housing. Tax preparation You are permitted to receive payments or reimbursements that do not relate to normal housing costs, including the following. Tax preparation Food, clothing, or personal items consumed or used by the displaced individual. Tax preparation Reimbursement for the cost of any long distance telephone calls made by the displaced individual. Tax preparation Reimbursement for the cost of gasoline for the displaced individual's use of your vehicle. Tax preparation However, you cannot claim the additional exemption amount if you received any reimbursement for the extra costs of heat, electricity, or water used by the displaced individual. Tax preparation Also, you must report on Form 8914 the displaced individual's social security number or individual taxpayer identification number to claim an additional exemption amount. Tax preparation For more information, see Form 8914. Tax preparation Education Credits This benefit applies only to the counties in Table 1. Tax preparation The education credits have been expanded for students attending an eligible educational institution located in a Midwestern disaster area (Midwestern disaster area students) for any tax year beginning in 2008 or 2009. Tax preparation The Hope credit for a Midwestern disaster area student is increased to 100% of the first $2,400 in qualified education expenses and 50% of the next $2,400 of qualified education expenses for a maximum credit of $3,600 per student. Tax preparation The lifetime learning credit rate for a Midwestern disaster area student is increased from 20% to 40%. Tax preparation The definition of qualified education expenses for a Midwestern disaster area student also has been expanded. Tax preparation This expanded definition also applies to the tuition and fees deduction claimed on Form 8917. Tax preparation In addition to tuition and fees required for the student's enrollment or attendance at an eligible educational institution, qualified education expenses for a Midwestern disaster area student include the following. Tax preparation Books, supplies, and equipment required for enrollment or attendance at an eligible educational institution. Tax preparation For a special needs student, expenses that are necessary for that person's enrollment or attendance at an eligible educational institution. Tax preparation For a student who is at least a half-time student, the reasonable costs of room and board, but only to the extent that the costs are not more than the greater of the following two amounts. Tax preparation The allowance for room and board, as determined by the eligible educational institution, that was included in the cost of attendance (for federal financial aid purposes) for a particular academic period and living arrangement of the student. Tax preparation The actual amount charged if the student is residing in housing owned or operated by the eligible educational institution. Tax preparation You will need to contact the eligible educational institution for qualified room and board costs. Tax preparation For more information, see Form 8863. Tax preparation See Form 8917 for the tuition and fees deduction. Tax preparation Recapture of Federal Mortgage Subsidy This benefit applies only to the counties in Table 1. Tax preparation Generally, if you financed your home under a federally subsidized program (loans from tax-exempt qualified mortgage bonds or loans with mortgage credit certificates), you may have to recapture all or part of the benefit you received from that program when you sell or otherwise dispose of your home. Tax preparation However, you do not have to recapture any benefit if your mortgage loan was a qualified home improvement loan of not more than $15,000. Tax preparation This amount is increased to $150,000 if the loan was provided before 2011 and was used to alter, repair, or improve an existing owner-occupied residence in a Midwestern disaster area as shown in Table 1. Tax preparation Exclusion of Certain Cancellations of Indebtedness by Reason of the Severe Storms, Tornadoes, or Flooding This benefit applies to the counties in both Tables 1 and 2. Tax preparation Generally, discharges of nonbusiness debts (such as mortgages) made on or after the applicable disaster date and before January 1, 2010, are excluded from income for individuals whose main home was in a Midwestern disaster area on the applicable disaster date. Tax preparation If the individual's main home was located in a Midwestern disaster area as shown in Table 2, the individual also must have had an economic loss because of the severe storms, tornadoes, or flooding. Tax preparation Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. Tax preparation This relief does not apply to any debt secured by real property located outside a Midwestern disaster area. Tax preparation You may also have to reduce certain tax attributes by the amount excluded. Tax preparation For more information, see Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment). Tax preparation Tax Relief for Temporary Relocation This benefit applies only to the counties in Table 1. Tax preparation The IRS can adjust the internal revenue laws to ensure that taxpayers do not lose a deduction or credit or experience a change of filing status in 2008 or 2009 as a result of a temporary relocation caused by the severe storms, tornadoes, or flooding. Tax preparation However, any such adjustment must ensure that an individual is not taken into account by more than one taxpayer for the same tax benefit. Tax preparation The IRS has exercised this authority as follows. Tax preparation In determining whether you furnished over one-half of the cost of maintaining a household, you can exclude from total household costs any assistance received from the government or charitable organizations because you were temporarily relocated as a result of the severe storms, tornadoes, or flooding. Tax preparation In determining whether you provided more than one-half of an individual's support, you can disregard any assistance received from the government or charitable organizations because you were temporarily relocated as a result of the severe storms, tornadoes, or flooding. Tax preparation You can treat as a student an individual who enrolled in school before the applicable disaster date, and who is unable to attend classes because of the severe storms, tornadoes, or flooding, for each month of the enrollment period that individual is prevented by the severe storms, tornadoes, or flooding from attending school as planned. Tax preparation Additional Tax Relief for Businesses Employee Retention Credit This benefit applies only to the counties in Table 1. Tax preparation An eligible employer who conducted an active trade or business in a Midwestern disaster area can claim the employee retention credit. Tax preparation The credit is 40% of qualified wages for each eligible employee (up to a maximum of $6,000 in qualified wages per employee). Tax preparation Generally, you must reduce your deduction for salaries and wages by the amount of this credit (before the tax liability limit). Tax preparation Use Form 5884-A to claim the credit. Tax preparation Employers affected by the severe storms, tornadoes, or flooding. Tax preparation   The following definitions apply to employers affected by the severe storms, tornadoes, or flooding. Tax preparation Eligible employer. Tax preparation   For this purpose, an eligible employer is any employer who meets all of the following. Tax preparation Employed an average of not more than 200 employees on business days during the tax year before the applicable disaster date. Tax preparation Conducted an active trade or business on the applicable disaster date in a Midwestern disaster area. Tax preparation Whose trade or business was inoperable on any day after the applicable disaster date and before January 1, 2009, because of the damage caused by the severe storms, tornadoes, or flooding. Tax preparation Eligible employee. Tax preparation   For this purpose, an eligible employee is an employee whose principal place of employment on the applicable disaster date with such eligible employer was in a Midwestern disaster area. Tax preparation An employee is not an eligible employee for purposes of the severe storms, tornadoes, or flooding if the employee is treated as an eligible employee for the work opportunity credit. Tax preparation Qualified wages. Tax preparation   Qualified wages are wages (up to $6,000 per employee) you paid or incurred before January 1, 2009, for an eligible employee beginning on the date your trade or business first became inoperable at the employee's principal place of employment immediately before the applicable disaster, and ending on the date your trade or business resumed significant operations at that place. Tax preparation In addition, the wages must have been paid or incurred after the applicable disaster date. Tax preparation    This includes wages paid even if the employee performed no services, performed services at a place of employment other than the principal place of employment, or performed services at the principal place of employment before significant operations resumed. Tax preparation    Wages qualifying for the credit generally have the same meaning as wages subject to the Federal Unemployment Tax Act (FUTA). Tax preparation Qualified wages also include amounts you paid for medical or hospitalization expenses in connection with sickness or accident disability. Tax preparation Qualified wages for any employee must be reduced by the amount of any work supplementation payment you received under the Social Security Act. Tax preparation   For agricultural employees, if the work performed by any employee during more than half of any pay period qualified under FUTA as agricultural labor, that employee's wages subject to social security and Medicare taxes are qualified wages. Tax preparation For a special rule that applies to railroad employees, see section 51(h)(1)(B). Tax preparation   Qualified wages do not include the following. Tax preparation Wages paid to your dependent or a related individual. Tax preparation See section 51(i)(1). Tax preparation Wages paid to any employee during the period for which you received payment for the employee from a federally funded on-the-job training program. Tax preparation Wages for services of replacement workers during a strike or lockout. Tax preparation   For more information, see Form 5884-A. Tax preparation Employer Housing Credit and Exclusion This benefit applies only to the counties in Table 1. Tax preparation An employer who conducted an active trade or business in a Midwestern disaster area can claim the employer housing credit. Tax preparation The credit is equal to 30% of the value (up to $600 per month per employee) of in-kind lodging furnished to a qualified employee (and the employee's spouse or dependents) from November 1, 2008, through May 1, 2009. Tax preparation The value of the lodging is excluded from the income of the qualified employee but is treated as wages for purposes of taxes imposed under the Federal Insurance Contributions Act (FICA) and the Federal Unemployment Tax Act (FUTA). Tax preparation Generally, you must reduce your deduction for salaries and wages by the amount of this credit (before the tax liability limit). Tax preparation The employer must use Form 5884-A to claim the credit. Tax preparation A qualified employee is an individual who had a main home in a Midwestern disaster area on the applicable disaster date, and who performs substantially all employment services in a Midwestern disaster area for the employer furnishing the lodging. Tax preparation The employee cannot be your dependent or a related individual. Tax preparation See section 51(i)(1). Tax preparation For more information, see Form 5884-A. Tax preparation Demolition and Clean-up Costs This benefit applies only to the counties in Table 1. Tax preparation You can elect to deduct 50% of any qualified disaster recovery assistance clean-up costs for the tax year in which the costs are paid or incurred, instead of capitalizing them. Tax preparation Qualified disaster recovery assistance clean-up costs are any amounts paid or incurred on or after the applicable disaster date, and before January 1, 2011, for the removal of debris from, or the demolition of structures on, real property located in a Midwestern disaster area that is: Held by you for use in a trade or business or for the production of income, or Inventory or other property held primarily for sale to customers in the ordinary course of your trade or business. Tax preparation Qualified disaster recovery assistance clean-up costs are limited to amounts necessary due to damage attributable to the severe storms, tornadoes, or flooding in the Midwestern disaster areas. Tax preparation Increase in Rehabilitation Tax Credit This benefit applies only to the counties in Table 1. Tax preparation The rehabilitation credit is increased for qualified rehabilitation expenditures paid or incurred on or after the applicable disaster date, and before January 1, 2012, on buildings located in a Midwestern disaster area as follows. Tax preparation For pre-1936 buildings (other than certified historic structures), the credit percentage is increased from 10% to 13%. Tax preparation For certified historic structures, the credit percentage is increased from 20% to 26%. Tax preparation For more information, see Form 3468, Investment Credit. Tax preparation Request for Copy or Transcript of Tax Return Request for copy of tax return. Tax preparation   You can use Form 4506 to order a copy of your tax return. Tax preparation Generally, there is a $57 fee for requesting each copy of a tax return. Tax preparation If your main home, principal place of business, or tax records are located in a Midwestern disaster area, the fee will be waived if “Midwestern Disaster Area” is written in red across the top of the form when filed. Tax preparation Request for transcript of tax return. Tax preparation   You can use Form 4506-T to order a free transcript of your tax return. Tax preparation A transcript provides most of the line entries from a tax return and usually contains the information that a third party requires. Tax preparation You can also call 1-800-829-1040 to order a transcript. Tax preparation How To Get Tax Help Special IRS assistance. Tax preparation   The IRS is providing special help for those affected by the severe storms, tornadoes, or flooding, as well as survivors and personal representatives of the victims. Tax preparation We have set up a special toll-free number for people who may have trouble filing or paying their taxes because they were affected by recent federally declared disasters, or who have other tax issues related to the severe storms, tornadoes, or flooding. Tax preparation Call 1-866-562-5227 Monday through FridayIn English–7 a. Tax preparation m. Tax preparation to 10 p. Tax preparation m. Tax preparation local timeIn Spanish–8 a. Tax preparation m. Tax preparation to 9:30 p. Tax preparation m. Tax preparation local time   The IRS website at www. Tax preparation irs. Tax preparation gov has notices and other tax relief information. Tax preparation Check it periodically for any new guidance. Tax preparation 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 preparation By selecting the method that is best for you, you will have quick and easy access to tax help. Tax preparation Contacting your Taxpayer Advocate. Tax preparation   The Taxpayer Advocate Service (TAS) is an independent organization within the IRS whose employees assist taxpayers who are experiencing economic harm, who are seeking help in resolving tax problems that have not been resolved through normal channels, or who believe that an IRS system or procedure is not working as it should. Tax preparation Here are seven things every taxpayer should know about TAS: TAS is your voice at the IRS. Tax preparation Our service is free, confidential, and tailored to meet your needs. Tax preparation You may be eligible for TAS help if you have tried to resolve your tax problem through normal IRS channels and have gotten nowhere, or you believe an IRS procedure just isn't working as it should. Tax preparation TAS helps taxpayers whose problems are causing financial difficulty or significant cost, including the cost of professional representation. Tax preparation This includes businesses as well as individuals. Tax preparation TAS employees know the IRS and how to navigate it. Tax preparation We will listen to your problem, help you understand what needs to be done to resolve it, and stay with you every step of the way until your problem is resolved. Tax preparation TAS has at least one local taxpayer advocate in every state, the District of Columbia, and Puerto Rico. Tax preparation You can call your local advocate, whose number is in your phone book, in Pub. Tax preparation 1546, Taxpayer Advocate Service—Your Voice at the IRS, and on our website at www. Tax preparation irs. Tax preparation gov/advocate. Tax preparation You can also call our toll-free line at 1-877-777-4778 or TTY/TDD 1-800-829-4059. Tax preparation You can learn about your rights and responsibilities as a taxpayer by visiting our online tax toolkit at www. Tax preparation taxtoolkit. Tax preparation irs. Tax preparation gov. Tax preparation Low Income Taxpayer Clinics (LITCs). Tax preparation   The Low Income Taxpayer Clinic program serves individuals who have a problem with the IRS and whose income is below a certain level. Tax preparation LITCs are independent from the IRS. Tax preparation Most LITCs can provide representation before the IRS or in court on audits, tax collection disputes, and other issues for free or a small fee. Tax preparation If an individual's native language is not English, some clinics can provide multilingual information about taxpayer rights and responsibilities. Tax preparation For more information, see Publication 4134, Low Income Taxpayer Clinic List. Tax preparation This publication is available at www. Tax preparation irs. Tax preparation gov, by calling 1-800-TAX-FORM (1-800-829-3676), or at your local IRS office. Tax preparation Free tax services. Tax preparation   To find out what services are available, get Publication 910, IRS Guide to Free Tax Services. Tax preparation It contains lists of free tax information sources, including publications, services, and free tax education and assistance programs. Tax preparation It also has an index of over 100 TeleTax topics (recorded tax information) you can listen to on your telephone. Tax preparation   Accessible versions of IRS published products are available on request in a variety of alternative formats for people with disabilities. Tax preparation Free help with your return. Tax preparation   Free help in preparing your return is available nationwide from IRS-trained volunteers. Tax preparation The Volunteer Income Tax Assistance (VITA) program is designed to help low-income taxpayers and the Tax Counseling for the Elderly (TCE) program is designed to assist taxpayers age 60 and older with their tax returns. Tax preparation Many VITA sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. Tax preparation To find the nearest VITA or TCE site, call 1-800-829-1040. Tax preparation   As part of the TCE program, AARP offers the Tax-Aide counseling program. Tax preparation To find the nearest AARP Tax-Aide site, call 1-888-227-7669 or visit AARP's website atwww. Tax preparation aarp. Tax preparation org/money/taxaide. Tax preparation   For more information on these programs, go to www. Tax preparation irs. Tax preparation gov and enter keyword “VITA” in the upper right-hand corner. Tax preparation Internet. Tax preparation You can access the IRS website at www. Tax preparation irs. Tax preparation gov 24 hours a day, 7 days a week to: E-file your return. Tax preparation Find out about commercial tax preparation and e-file services available free to eligible taxpayers. Tax preparation Check the status of your 2009 refund. Tax preparation Go to www. Tax preparation irs. Tax preparation gov and click on Where's My Refund. Tax preparation Wait at least 72 hours after the IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after mailing a paper return. Tax preparation If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). Tax preparation Have your 2009 tax return available so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. Tax preparation Download forms, instructions, and publications. Tax preparation Order IRS products online. Tax preparation Research your tax questions online. Tax preparation Search publications online by topic or keyword. Tax preparation Use the online Internal Revenue Code, Regulations, or other official guidance. Tax preparation View Internal Revenue Bulletins (IRBs) published in the last few years. Tax preparation Figure your withholding allowances using the withholding calculator online at www. Tax preparation irs. Tax preparation gov/individuals. Tax preparation Determine if Form 6251 must be filed by using our Alternative Minimum Tax (AMT) Assistant. Tax preparation Sign up to receive local and national tax news by email. Tax preparation Get information on starting and operating a small business. Tax preparation Phone. Tax preparation Many services are available by phone. Tax preparation Ordering forms, instructions, and publications. Tax preparation Call 1-800-TAX FORM (1-800-829-3676) to order current-year forms, instructions, and publications, and prior-year forms and instructions. Tax preparation You should receive your order within 10 days. Tax preparation Asking tax questions. Tax preparation Call the IRS with your tax questions at 1-800-829-1040. Tax preparation Solving problems. Tax preparation You can get face-to-face help solving tax problems every business day in IRS Taxpayer Assistance Centers. Tax preparation An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. Tax preparation Call your local Taxpayer Assistance Center for an appointment. Tax preparation To find the number, go to www. Tax preparation irs. Tax preparation gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. Tax preparation TTY/TDD equipment. Tax preparation If you have access to TTY/TDD equipment, call 1-800-829-4059 to ask tax questions or to order forms and publications. Tax preparation TeleTax topics. Tax preparation Call 1-800-829-4477 to listen to pre-recorded messages covering various tax topics. Tax preparation Refund information. Tax preparation To check the status of your 2009 refund, call 1-800-829-1954 during business hours or 1-800-829-4477 (automated refund information 24 hours a day, 7 days a week). Tax preparation Wait at least 72 hours after the IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after mailing a paper return. Tax preparation If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). Tax preparation Have your 2009 tax return available so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. Tax preparation Refunds are sent out weekly on Fridays. Tax preparation If you check the status of your refund and are not given the date it will be issued, please wait until the next week before checking back. Tax preparation Other refund information. Tax preparation To check the status of a prior year refund or amended return refund, call 1-800-829-1954. Tax preparation Evaluating the quality of our telephone services. Tax preparation To ensure IRS representatives give accurate, courteous, and professional answers, we use several methods to evaluate the quality of our telephone services. Tax preparation One method is for a second IRS representative to listen in on or record random telephone calls. Tax preparation Another is to ask some callers to complete a short survey at the end of the call. Tax preparation Walk-in. Tax preparation Many products and services are available on a walk-in basis. Tax preparation Products. Tax preparation You can walk in to many post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. Tax preparation 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 or photocopy from reproducible proofs. Tax preparation Also, some IRS offices and libraries have the Internal Revenue Code, regulations, Internal Revenue Bulletins, and Cumulative Bulletins available for research purposes. Tax preparation Services. Tax preparation You can walk in to your local Taxpayer Assistance Center every business day for personal, face-to-face tax help. Tax preparation An employee can explain IRS letters, request adjustments to your tax account, or help you set up a payment plan. Tax preparation If you need to resolve a tax problem, have questions about how the tax law applies to your individual tax return, or you are 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 preparation No appointment is necessary—just walk in. Tax preparation If you prefer, you can call your local Center and leave a message requesting an appointment to resolve a tax account issue. Tax preparation A representative will call you back within 2 business days to schedule an in-person appointment at your convenience. Tax preparation If you have an ongoing, complex tax account problem or a special need, such as a disability, an appointment can be requested. Tax preparation All other issues will be handled without an appointment. Tax preparation To find the number of your local office, go to www. Tax preparation irs. Tax preparation gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. Tax preparation Mail. Tax preparation You can send your order for forms, instructions, and publications to the address below. Tax preparation You should receive a response within 10 days after your request is received. Tax preparation Internal Revenue Service1201 N. Tax preparation Mitsubishi MotorwayBloomington, IL 61705-6613 DVD for tax products. Tax preparation You can order Publication 1796, IRS Tax Products DVD, and obtain: Current-year forms, instructions, and publications. Tax preparation Prior-year forms, instructions, and publications. Tax preparation Tax Map: an electronic research tool and finding aid. Tax preparation Tax law frequently asked questions. Tax preparation Tax Topics from the IRS telephone response system. Tax preparation Internal Revenue Code—Title 26 of the U. Tax preparation S. Tax preparation Code. Tax preparation Fill-in, print, and save features for most tax forms. Tax preparation Internal Revenue Bulletins. Tax preparation Toll-free and email technical support. Tax preparation Two releases during the year. Tax preparation – The first release will ship the beginning of January 2010. Tax preparation – The final release will ship the beginning of March 2010. Tax preparation Purchase the DVD from National Technical Information Service (NTIS) at www. Tax preparation irs. Tax preparation gov/cdorders for $30 (no handling fee) or call 1-877-233-6767 toll free to buy the DVD for $30 (plus a $6 handling fee). Tax preparation Prev  Up  Next   Home   More Online Publications