File your Taxes for Free!
  • Get your maximum refund*
  • 100% accurate calculations guaranteed*

TurboTax Federal Free Edition - File Taxes Online

Don't let filing your taxes get you down! We'll help make it as easy as possible. With e-file and direct deposit, there's no faster way to get your refund!

Approved TurboTax Affiliate Site. TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.


© 2012 - 2018 All rights reserved.

This is an Approved TurboTax Affiliate site. TurboTax and TurboTax Online, among other are registered trademarks and/or service marks of Intuit, Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.
When discussing "Free e-file", note that state e-file is an additional fee. E-file fees do not apply to New York state returns. Prices are subject to change without notice. E-file and get your refund faster
*If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
*Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Federal Free Edition customers are entitled to payment of $14.99 and a refund of your state purchase price paid. Claims must be submitted within sixty (60) days of your TurboTax filing date and no later than 6/15/14. E-file, Audit Defense, Professional Review, Refund Transfer and technical support fees are excluded. This guarantee cannot be combined with the TurboTax Satisfaction (Easy) Guarantee. *We're so confident your return will be done right, we guarantee it. Accurate calculations guaranteed. If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
https://turbotax.intuit.com/corp/guarantees.jsp

Taxact 2008 Free Download

Irs 1040ez 2012Turbo Tax 2012Irs Gov Com10 40 Ez FormCan College Students File For TaxesIrs Forms 1040ez 2012File Taxes OnlineState Tax FilingH&rblock OnlineH&r Block Free FederalFree Income Tax Preparation1040ez 2013 Instructions1040ez 2011 Form PdfFree Self Tax Preparation OnlineIncome Taxes FreeHr Block ComFree Online Tax Filing State And FederalW2 Ez FormDo Students Need To File Taxes1040ez Online Form1040esHow To File State Taxes Online FreeWww HrblockIrs Ez FormsFile Your Taxes For FreeFile 2011 Tax OnlineFree TaxTurbotax Free State Filing Code1040 Long Form2012 Pdf Tax Forms 1040What Forms Do I Need To File An Amended Tax Return2010 1040 FormEfile Tax ReturnsFile 2012 Taxes Late OnlineTax Amendment Form 2011Filing For Taxes As A StudentFederal Tax Extension1040ez 2011 InstructionsCan I Stillfile My 2012 Taxes OnlineCan You Amend A Tax Return Online

Taxact 2008 Free Download

Taxact 2008 free download Publication 926 - Introductory Material Table of Contents Future Developments What's New Reminder IntroductionTax questions. Taxact 2008 free download Future Developments For the latest information about developments related to Publication 926, such as legislation enacted after it was published, go to www. Taxact 2008 free download irs. Taxact 2008 free download gov/pub926. Taxact 2008 free download What's New Social security and Medicare tax for 2014. Taxact 2008 free download  The social security tax rate is 6. Taxact 2008 free download 2% each for the employee and employer, unchanged from 2013. Taxact 2008 free download The social security wage base limit is $117,000. Taxact 2008 free download The Medicare tax rate is 1. Taxact 2008 free download 45% each for the employee and employer, unchanged from 2013. Taxact 2008 free download There is no wage base limit for Medicare tax. Taxact 2008 free download Social security and Medicare taxes apply to the wages of household employees you pay $1,900 or more in cash or an equivalent form of compensation. Taxact 2008 free download Qualified parking exclusion and commuter transportation benefit. Taxact 2008 free download  For 2014, the monthly exclusion for qualified parking is $250 and the monthly exclusion for commuter highway vehicle transportation and transit passes is $130. Taxact 2008 free download Reminder Additional Medicare Tax withholding. Taxact 2008 free download  In addition to withholding Medicare tax at 1. Taxact 2008 free download 45%, you must withhold a 0. Taxact 2008 free download 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. Taxact 2008 free download You are required to begin withholding Additional Medicare Tax in the pay period in which you pay wages in excess of $200,000 to an employee and continue to withhold it each pay period until the end of the calendar year. Taxact 2008 free download Additional Medicare Tax is only imposed on the employee. Taxact 2008 free download There is no employer share of Additional Medicare Tax. Taxact 2008 free download All wages that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. Taxact 2008 free download For more information on Additional Medicare Tax, visit IRS. Taxact 2008 free download gov and enter “Additional Medicare Tax” in the search box. Taxact 2008 free download Credit reduction states. Taxact 2008 free download  A state that has not repaid money it borrowed from the federal government to pay unemployment benefits is a “credit reduction state. Taxact 2008 free download ” The Department of Labor (DOL) determines these states. Taxact 2008 free download If you paid any wages that are subject to the unemployment compensation laws in any credit reduction state, your federal unemployment (FUTA) tax credit is reduced. Taxact 2008 free download See the Instructions for Schedule H (Form 1040) for more information. Taxact 2008 free download Outsourcing payroll duties. Taxact 2008 free download  Employers are responsible to ensure that tax returns are filed and deposits and payments are made, even if the employer contracts with a third party to perform these acts. Taxact 2008 free download The employer remains responsible if the third party fails to perform any required action. Taxact 2008 free download If you choose to outsource any of your payroll and related tax duties (that is, withholding, reporting, and paying over social security, Medicare, FUTA, and income taxes) to a third-party payer such as a payroll service provider or reporting agent, visit IRS. Taxact 2008 free download gov and enter “outsourcing payroll duties” in the search box for helpful information on this topic. Taxact 2008 free download Photographs of missing children. Taxact 2008 free download  The IRS is a proud partner with the National Center for Missing and Exploited Children. Taxact 2008 free download Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Taxact 2008 free download You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Taxact 2008 free download Introduction The information in this publication applies to you only if you have a household employee. Taxact 2008 free download If you have a household employee in 2014, you may need to pay state and federal employment taxes for 2014. Taxact 2008 free download You generally must add your federal employment taxes to the income tax that you will report on your 2014 federal income tax return. Taxact 2008 free download This publication will help you decide whether you have a household employee and, if you do, whether you need to pay federal employment taxes (social security tax, Medicare tax, FUTA, and federal income tax withholding). Taxact 2008 free download It explains how to figure, pay, and report these taxes for your household employee. Taxact 2008 free download It also explains what records you need to keep. Taxact 2008 free download This publication also tells you where to find out whether you need to pay state unemployment tax for your household employee. Taxact 2008 free download Comments and suggestions. Taxact 2008 free download   We welcome your comments about this publication and your suggestions for future editions. Taxact 2008 free download   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Taxact 2008 free download NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Taxact 2008 free download Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Taxact 2008 free download   You can also send us comments from www. Taxact 2008 free download irs. Taxact 2008 free download gov/formspubs. Taxact 2008 free download Click on More Information and then click on Comment on Tax Forms and Publications. Taxact 2008 free download   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. Taxact 2008 free download Tax questions. Taxact 2008 free download   If you have a tax question, check the information available on IRS. Taxact 2008 free download gov or call 1-800-829-1040 or 1-800-829-4933 (TDD/TTY for persons who are deaf, hard of hearing, or have a speech disability at 1-800-829-4059) Monday–Friday from 7:00 a. Taxact 2008 free download m. Taxact 2008 free download –7:00 p. Taxact 2008 free download m. Taxact 2008 free download local time (Alaska and Hawaii follow Pacific time). Taxact 2008 free download We cannot answer tax questions sent to the above address. Taxact 2008 free download Prev  Up  Next   Home   More Online Publications
Print - Click this link to Print this page

Understanding Your CP3219B Notice

This Statutory Notice of Deficiency notifies you of the IRS’s intent to assess a tax deficiency and informs you of your right to petition the United States Tax Court to dispute the proposed adjustments.


What you need to do immediately

  • Review this notice and compare our changes to the information on your tax return. On previous notices we asked you to verify the income, credits, and deductions reported on your tax return because they’re different from the information we received from other sources. You didn't provide any further information to us.
  • If you agree with the changes, complete the Form 4089, Notice of Deficiency - Waiver, sign and return it in order to limit additional interest charges.
  • If you don't send a payment with Form 4089, we will send a bill for the amount due with any interest and applicable penalties.
  • Mail any additional information you have to us immediately. Attach this letter to your correspondence to help us identify your case. Keep a copy for your records. Our consideration won't extend the deadline to file a petition with the U.S Tax Court.
  • If you don’t agree with the changes you have the right to challenge the increase in tax by filing a petition with the U.S. Tax Court. You have 90 days (150 if the notice was addressed outside the United States) to file the petition. The Court can’t consider your case if the petition is filed late. You can download a petition form and rules from www.ustaxcourt.gov or contact:

  • Clerk of the U.S. Tax Court
    400 Second Street, NW
    Washington, DC 20217
    1-202-521-0700

You may want to

  • Send us the name, address and taxpayer identification number of the other party that received the income if it isn't yours.
  • Notify the payers to correct their records to show the name and taxpayer identification number of the person or business who actually received the income, so that future reports to us are accurate.

Answers to Common Questions

Is this a Bill?
No. It tells you of the IRS’s intention to assess a tax deficiency. It isn't an assessment of tax nor does it require you to make immediate payment. We haven’t charged any additional tax at this time.

Should I call with my response or mail it in?
If you want us to consider additional information, please contact us immediately. Our consideration won't extend the deadline to file a petition with the U.S Tax Court.


If you have a simple response, such as directing us to a specific line on your original return where you reported the income, you can call a Customer Service Representative and provide the information. A toll-free number is listed in the top right hand corner of the notice.


A written response may be required if the issue is more involved, especially if you disagree with some of the proposed changes. You may want to mail copies of payer information documents such as Form(s) 1099 or Schedule(s) K-1. Include any other letters or documents that support your position. You should submit a written statement to fully explain any unusual tax situations.


If you choose to petition the United States Tax Court, the application must be submitted in writing.

Why did it take you so long to contact us about this?
Tax years generally end on Dec. 31, but we don't receive information from banks, businesses, and other payers until much later. Once we receive all the tax returns and payer information, we compare the information you reported with the information third party payers provided to us. It can take 8 months or more to complete this review.

I need more time to find my records and go through them all. Will you allow me additional time to respond?
No. The time you have to petition the United States Tax Court can't be extended. It’s important that you respond to the Statutory Notice of Deficiency or petition the United States Tax Court (if you choose to) by the due date shown on the notice. If you don’t, we’ll assume the proposed changes are correct and assess the additional deficiency.

Do I have to pay the interest? Can you remove it?
The law requires us to charge interest on any tax that isn't paid by the return due date (Internal Revenue Code Section 6601). 

The law doesn't permit us to reduce or remove interest for reasonable cause. However, in limited circumstances, we may waive penalties. If you believe you qualify for penalty removal, you should include related information in your response.

What should I do to avoid problems like this in the future?
Keep accurate payment information from banks and other payers to verify you've received all payment information for filing your return. Review the documents to be sure they show your most current address. Take the following actions when filing your tax return to avoid similar issues in the future:

  • Report specific income type on the correct line on the Form 1120, U.S. Corporation Income Tax Return. For example, rental income should be claimed on Form 1120, line 6 (Gross Rents). For additional information, please see the reporting instructions for Form 1120.
  • If you report income on a line not traditionally reserved for that type of income, provide a statement indicating where the income was reported. For example, your business is related to investment activity and you're reporting all interest income (including amounts reported to the IRS on Form 1099-INT, Interest Income) with your gross receipts on Form 1120, line 1.
  • Always attach a statement identifying the source of the amount reported on Form 1120, line 10 (Other Income).
  • Provide an attached statement explaining your percentage of gross proceeds (ex; reported to us on Form 1099-MISC) that you would be liable to claim on your tax return.
  • Generally, if you receive a Form 1099 for amounts that actually belong to another person, you are considered a nominee recipient. You must file a Form 1099 with the IRS (the same type of Form 1099 you received) for each of the other owners showing the amounts applicable to each.
Page Last Reviewed or Updated: 28-Feb-2014

How to get help

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

The Taxact 2008 Free Download

Taxact 2008 free download Publication 939 - Main Content Table of Contents General Information Taxation of Periodic PaymentsInvestment in the Contract Expected Return Computation Under the General Rule How To Use Actuarial TablesUnisex Annuity Tables Special Elections Worksheets for Determining Taxable Annuity Actuarial Tables Requesting a Ruling on Taxation of Annuity How To Get Tax HelpLow Income Taxpayer Clinics General Information Some of the terms used in this publication are defined in the following paragraphs. Taxact 2008 free download A pension is generally a series of payments made to you after you retire from work. Taxact 2008 free download Pension payments are made regularly and are for past services with an employer. Taxact 2008 free download An annuity is a series of payments under a contract. Taxact 2008 free download You can buy the contract alone or you can buy it with the help of your employer. Taxact 2008 free download Annuity payments are made regularly for more than one full year. Taxact 2008 free download Note. Taxact 2008 free download Distributions from pensions and annuities follow the same rules as outlined in this publication unless otherwise noted. Taxact 2008 free download Types of pensions and annuities. Taxact 2008 free download   Particular types of pensions and annuities include: Fixed period annuities. Taxact 2008 free download You receive definite amounts at regular intervals for a definite length of time. Taxact 2008 free download Annuities for a single life. Taxact 2008 free download You receive definite amounts at regular intervals for life. Taxact 2008 free download The payments end at death. Taxact 2008 free download Joint and survivor annuities. Taxact 2008 free download The first annuitant receives a definite amount at regular intervals for life. Taxact 2008 free download After he or she dies, a second annuitant receives a definite amount at regular intervals for life. Taxact 2008 free download The amount paid to the second annuitant may or may not differ from the amount paid to the first annuitant. Taxact 2008 free download Variable annuities. Taxact 2008 free download You receive payments that may vary in amount for a definite length of time or for life. Taxact 2008 free download The amounts you receive may depend upon such variables as profits earned by the pension or annuity funds or cost-of-living indexes. Taxact 2008 free download Disability pensions. Taxact 2008 free download You are under minimum retirement age and receive payments because you retired on disability. Taxact 2008 free download If, at the time of your retirement, you were permanently and totally disabled, you may be eligible for the credit for the elderly or the disabled discussed in Publication 524. Taxact 2008 free download If your annuity starting date is after November 18, 1996, the General Rule cannot be used for the following qualified plans. Taxact 2008 free download A qualified employee plan is an employer's stock bonus, pension, or profit-sharing plan that is for the exclusive benefit of employees or their beneficiaries. Taxact 2008 free download This plan must meet Internal Revenue Code requirements. Taxact 2008 free download It qualifies for special tax benefits, including tax deferral for employer contributions and rollover distributions. Taxact 2008 free download However, you must use the General Rule if you were 75 or over and the annuity payments are guaranteed for more than 5 years. Taxact 2008 free download A qualified employee annuity is a retirement annuity purchased by an employer for an employee under a plan that meets Internal Revenue Code requirements. Taxact 2008 free download A tax-sheltered annuity is a special annuity plan or contract purchased for an employee of a public school or tax-exempt organization. Taxact 2008 free download   The General Rule is used to figure the tax treatment of various types of pensions and annuities, including nonqualified employee plans. Taxact 2008 free download A nonqualified employee plan is an employer's plan that does not meet Internal Revenue Code requirements. Taxact 2008 free download It does not qualify for most of the tax benefits of a qualified plan. Taxact 2008 free download Annuity worksheets. Taxact 2008 free download   The worksheets found near the end of the text of this publication may be useful to you in figuring the taxable part of your annuity. Taxact 2008 free download Request for a ruling. Taxact 2008 free download   If you are unable to determine the income tax treatment of your pension or annuity, you may ask the Internal Revenue Service to figure the taxable part of your annuity payments. Taxact 2008 free download This is treated as a request for a ruling. Taxact 2008 free download See Requesting a Ruling on Taxation of Annuity near the end of this publication. Taxact 2008 free download Withholding tax and estimated tax. Taxact 2008 free download   Your pension or annuity is subject to federal income tax withholding unless you choose not to have tax withheld. Taxact 2008 free download If you choose not to have tax withheld from your pension or annuity, or if you do not have enough income tax withheld, you may have to make estimated tax payments. Taxact 2008 free download Taxation of Periodic Payments This section explains how the periodic payments you receive under a pension or annuity plan are taxed under the General Rule. Taxact 2008 free download Periodic payments are amounts paid at regular intervals (such as weekly, monthly, or yearly) for a period of time greater than one year (such as for 15 years or for life). Taxact 2008 free download These payments are also known as amounts received as an annuity. Taxact 2008 free download If you receive an amount from your plan that is a nonperiodic payment (amount not received as an annuity), see Taxation of Nonperiodic Payments in Publication 575. Taxact 2008 free download In general, you can recover your net cost of the pension or annuity tax free over the period you are to receive the payments. Taxact 2008 free download The amount of each payment that is more than the part that represents your net cost is taxable. Taxact 2008 free download Under the General Rule, the part of each annuity payment that represents your net cost is in the same proportion that your investment in the contract is to your expected return. Taxact 2008 free download These terms are explained in the following discussions. Taxact 2008 free download Investment in the Contract In figuring how much of your pension or annuity is taxable under the General Rule, you must figure your investment in the contract. Taxact 2008 free download First, find your net cost of the contract as of the annuity starting date (defined later). Taxact 2008 free download To find this amount, you must first figure the total premiums, contributions, or other amounts paid. Taxact 2008 free download This includes the amounts your employer contributed if you were required to include these amounts in income. Taxact 2008 free download It also includes amounts you actually contributed (except amounts for health and accident benefits and deductible voluntary employee contributions). Taxact 2008 free download From this total cost you subtract: Any refunded premiums, rebates, dividends, or unrepaid loans (any of which were not included in your income) that you received by the later of the annuity starting date or the date on which you received your first payment. Taxact 2008 free download Any additional premiums paid for double indemnity or disability benefits. Taxact 2008 free download Any other tax-free amounts you received under the contract or plan before the later of the dates in (1). Taxact 2008 free download The annuity starting date   is the later of the first day of the first period for which you receive payment under the contract or the date on which the obligation under the contract becomes fixed. Taxact 2008 free download Example. Taxact 2008 free download On January 1 you completed all your payments required under an annuity contract providing for monthly payments starting on August 1, for the period beginning July 1. Taxact 2008 free download The annuity starting date is July 1. Taxact 2008 free download This is the date you use in figuring your investment in the contract and your expected return (discussed later). Taxact 2008 free download Adjustments If any of the following items apply, adjust (add or subtract) your total cost to find your net cost. Taxact 2008 free download Foreign employment. Taxact 2008 free download   If you worked abroad, your cost may include contributions by your employer to the retirement plan, but only if those contributions would be excludible from your gross income had they been paid directly to you as compensation. Taxact 2008 free download The contributions that apply are: Contributions before 1963 by your employer, Contributions after 1962 by your employer if the contributions would be excludible from your gross income (without regard to the foreign earned income exclusion) had they been paid directly to you, or Contributions after 1996 by your employer on your behalf if you performed the services of a foreign missionary (a duly ordained, commissioned, or licensed minister of a church or a lay person) if the contributions would be excludible from your gross income had they been paid directly to you. Taxact 2008 free download Foreign employment contributions while a nonresident alien. Taxact 2008 free download   In determining your cost, special rules apply if you are a U. Taxact 2008 free download S. Taxact 2008 free download citizen or resident alien who received distributions from a plan to which contributions were made while you were a nonresident alien. Taxact 2008 free download Your contributions and your employer's contributions are not included in your cost if the contributions: Were made based on compensation which was for services performed outside the United States which you were a nonresident alien, and Were not subject to income tax under the laws of the United States or any foreign country, but only if the contribution would have been subject to income tax if they had been paid as cash compensation when the services were performed. Taxact 2008 free download Death benefit exclusion. Taxact 2008 free download   If you are the beneficiary of a deceased employee (or former employee), who died before August 21, 1996, you may qualify for a death benefit exclusion of up to $5,000. Taxact 2008 free download The beneficiary of a deceased employee who died after August 20, 1996, will not qualify for the death benefit exclusion. Taxact 2008 free download How to adjust your total cost. Taxact 2008 free download   If you are eligible, treat the amount of any allowable death benefit exclusion as additional cost paid by the employee. Taxact 2008 free download Add it to the cost or unrecovered cost of the annuity at the annuity starting date. Taxact 2008 free download See Example 3 under Computation Under General Rule for an illustration of the adjustment to the cost of the contract. Taxact 2008 free download Net cost. Taxact 2008 free download   Your total cost plus certain adjustments and minus other amounts already recovered before the annuity starting date is your net cost. Taxact 2008 free download This is the unrecovered investment in the contract as of the annuity starting date. Taxact 2008 free download If your annuity starting date is after 1986, this is the maximum amount that you may recover tax free under the contract. Taxact 2008 free download Refund feature. Taxact 2008 free download   Adjustment for the value of the refund feature is only applicable when you report your pension or annuity under the General Rule. Taxact 2008 free download Your annuity contract has a refund feature if: The expected return ( discussed later) of an annuity depends entirely or partly on the life of one or more individuals, The contract provides that payments will be made to a beneficiary or the estate of an annuitant on or after the death of the annuitant if a stated amount or a stated number of payments has not been paid to the annuitant or annuitants before death, and The payments are a refund of the amount you paid for the annuity contract. Taxact 2008 free download   If your annuity has a refund feature, you must reduce your net cost of the contract by the value of the refund feature (figured using Table III or VII at the end of this publication, also see How To Use Actuarial Tables , later) to find the investment in the contract. Taxact 2008 free download Zero value of refund feature. Taxact 2008 free download   For a joint and survivor annuity, the value of the refund feature is zero if: Both annuitants are age 74 or younger, The payments are guaranteed for less than 2½ years, and The survivor's annuity is at least 50% of the first annuitant's annuity. Taxact 2008 free download   For a single-life annuity without survivor benefit, the value of the refund feature is zero if: The payments are guaranteed for less than 2½ years, and The annuitant is: Age 57 or younger (if using the new (unisex) annuity tables), Age 42 or younger (if male and using the old annuity tables), or Age 47 or younger (if female and using the old annuity tables). Taxact 2008 free download   If you do not meet these requirements, you will have to figure the value of the refund feature, as explained in the following discussion. Taxact 2008 free download Examples. Taxact 2008 free download The first example shows how to figure the value of the refund feature when there is only one beneficiary. Taxact 2008 free download Example 2 shows how to figure the value of the refund feature when the contract provides, in addition to a whole life annuity, one or more temporary life annuities for the lives of children. Taxact 2008 free download In both examples, the taxpayer elects to use Tables V through VIII. Taxact 2008 free download If you need the value of the refund feature for a joint and survivor annuity, write to the Internal Revenue Service as explained under Requesting a Ruling on Taxation of Annuity near the end of this publication. Taxact 2008 free download Example 1. Taxact 2008 free download At age 65, Barbara bought for $21,053 an annuity with a refund feature. Taxact 2008 free download She will get $100 a month for life. Taxact 2008 free download Barbara's contract provides that if she does not live long enough to recover the full $21,053, similar payments will be made to her surviving beneficiary until a total of $21,053 has been paid under the contract. Taxact 2008 free download In this case, the contract cost and the total guaranteed return are the same ($21,053). Taxact 2008 free download Barbara's investment in the contract is figured as follows: Net cost $21,053 Amount to be received annually $1,200   Number of years for which payment is guaranteed ($21,053 divided by $1,200) 17. Taxact 2008 free download 54   Rounded to nearest whole number of years 18   Percentage from Actuarial Table VII for age 65 with 18 years of guaranteed payments 15%   Value of the refund feature (rounded to the nearest dollar)—15% of $21,053 3,158 Investment in the contract, adjusted for value of refund feature $17,895       If the total guaranteed return were less than the $21,053 net cost of the contract, Barbara would apply the appropriate percentage from the tables to the lesser amount. Taxact 2008 free download For example, if the contract guaranteed the $100 monthly payments for 17 years to Barbara's estate or beneficiary if she were to die before receiving all the payments for that period, the total guaranteed return would be $20,400 ($100 × 12 × 17 years). Taxact 2008 free download In this case, the value of the refund feature would be $2,856 (14% of $20,400) and Barbara's investment in the contract would be $18,197 ($21,053 minus $2,856) instead of $17,895. Taxact 2008 free download Example 2. Taxact 2008 free download John died while still employed. Taxact 2008 free download His widow, Eleanor, age 48, receives $171 a month for the rest of her life. Taxact 2008 free download John's son, Elmer, age 9, receives $50 a month until he reaches age 18. Taxact 2008 free download John's contributions to the retirement fund totaled $7,559. Taxact 2008 free download 45, with interest on those contributions of $1,602. Taxact 2008 free download 53. Taxact 2008 free download The guarantee or total refund feature of the contract is $9,161. Taxact 2008 free download 98 ($7,559. Taxact 2008 free download 45 plus $1,602. Taxact 2008 free download 53). Taxact 2008 free download The adjustment in the investment in the contract is figured as follows: A) Expected return:*       1) Widow's expected return:         Annual annuity ($171 × 12) $2,052       Multiplied by factor from Table V         (nearest age 48) 34. Taxact 2008 free download 9 $71,614. Taxact 2008 free download 80   2) Child's expected return:         Annual annuity ($50 × 12) $600       Multiplied by factor from         Table VIII (nearest age 9         for term of 9 years) 9. Taxact 2008 free download 0 5,400. Taxact 2008 free download 00   3) Total expected return   $77,014. Taxact 2008 free download 80 B) Adjustment for refund feature:       1) Contributions (net cost) $7,559. Taxact 2008 free download 45   2) Guaranteed amount (contributions of $7,559. Taxact 2008 free download 45 plus interest of $1,602. Taxact 2008 free download 53) $9,161. Taxact 2008 free download 98   3) Minus: Expected return under child's (temporary life) annuity (A(2)) 5,400. Taxact 2008 free download 00   4) Net guaranteed amount $3,761. Taxact 2008 free download 98   5) Multiple from Table VII (nearest age 48 for 2 years duration (recovery of $3,761. Taxact 2008 free download 98 at $171 a month to nearest whole year)) 0%   6) Adjustment required for value of refund feature rounded to the nearest whole dollar  (0% × $3,761. Taxact 2008 free download 98, the smaller of B(3) or B(6)) 0 *Expected return is the total amount you and other eligible annuitants can expect to receive under the contract. Taxact 2008 free download See the discussion of expected return, later in this publication. Taxact 2008 free download Free IRS help. Taxact 2008 free download   If you need to request assistance to figure the value of the refund feature, see Requesting a Ruling on Taxation of Annuity near the end of this publication. Taxact 2008 free download Expected Return Your expected return is the total amount you and other eligible annuitants can expect to receive under the contract. Taxact 2008 free download The following discussions explain how to figure the expected return with each type of annuity. Taxact 2008 free download A person's age, for purposes of figuring the expected return, is the age at the birthday nearest to the annuity starting date. Taxact 2008 free download Fixed period annuity. Taxact 2008 free download   If you will get annuity payments for a fixed number of years, without regard to your life expectancy, you must figure your expected return based on that fixed number of years. Taxact 2008 free download It is the total amount you will get beginning at the annuity starting date. Taxact 2008 free download You will receive specific periodic payments for a definite period of time, such as a fixed number of months (but not less than 13). Taxact 2008 free download To figure your expected return, multiply the fixed number of months for which payments are to be made by the amount of the payment specified for each period. Taxact 2008 free download Single life annuity. Taxact 2008 free download   If you are to get annuity payments for the rest of your life, find your expected return as follows. Taxact 2008 free download You must multiply the amount of the annual payment by a multiple based on your life expectancy as of the annuity starting date. Taxact 2008 free download These multiples are set out in actuarial Tables I and V near the end of this publication (see How To Use Actuarial Tables , later). Taxact 2008 free download   You may need to adjust these multiples if the payments are made quarterly, semiannually, or annually. Taxact 2008 free download See Adjustments to Tables I, II, V, VI, and VIA following Table I. Taxact 2008 free download Example. Taxact 2008 free download Henry bought an annuity contract that will give him an annuity of $500 a month for his life. Taxact 2008 free download If at the annuity starting date Henry's nearest birthday is 66, the expected return is figured as follows: Annual payment ($500 × 12 months) $6,000 Multiple shown in Table V, age 66 × 19. Taxact 2008 free download 2 Expected return $115,200 If the payments were to be made to Henry quarterly and the first payment was made one full month after the annuity starting date, Henry would adjust the 19. Taxact 2008 free download 2 multiple by +. Taxact 2008 free download 1. Taxact 2008 free download His expected return would then be $115,800 ($6,000 × 19. Taxact 2008 free download 3). Taxact 2008 free download Annuity for shorter of life or specified period. Taxact 2008 free download   With this type of annuity, you are to get annuity payments either for the rest of your life or until the end of a specified period, whichever period is shorter. Taxact 2008 free download To figure your expected return, multiply the amount of your annual payment by a multiple in Table IV or VIII for temporary life annuities. Taxact 2008 free download Find the proper multiple based on your sex (if using Table IV), your age at the annuity starting date, and the nearest whole number of years in the specified period. Taxact 2008 free download Example. Taxact 2008 free download Harriet purchased an annuity this year that will pay her $200 each month for five years or until she dies, whichever period is shorter. Taxact 2008 free download She was age 65 at her birthday nearest the annuity starting date. Taxact 2008 free download She figures the expected return as follows: Annual payment ($200 × 12 months) $2,400 Multiple shown in Table VIII, age 65, 5-year term × 4. Taxact 2008 free download 9 Expected return $11,760 She uses Table VIII (not Table IV) because all her contributions were made after June 30, 1986. Taxact 2008 free download See Special Elections, later. Taxact 2008 free download Joint and survivor annuities. Taxact 2008 free download   If you have an annuity that pays you a periodic income for life and after your death provides an identical lifetime periodic income to your spouse (or some other person), you figure the expected return based on your combined life expectancies. Taxact 2008 free download To figure the expected return, multiply the annual payment by a multiple in Table II or VI based on your joint life expectancies. Taxact 2008 free download If your payments are made quarterly, semiannually, or annually, you may need to adjust these multiples. Taxact 2008 free download See Adjustments to Tables I, II, V, VI, and VIA following Table I near the end of this publication. Taxact 2008 free download Example. Taxact 2008 free download John bought a joint and survivor annuity providing payments of $500 a month for his life, and, after his death, $500 a month for the remainder of his wife's life. Taxact 2008 free download At John's annuity starting date, his age at his nearest birthday is 70 and his wife's at her nearest birthday is 67. Taxact 2008 free download The expected return is figured as follows: Annual payment ($500 × 12 months) $6,000 Multiple shown in Table VI, ages 67 and 70 × 22. Taxact 2008 free download 0 Expected return $132,000 Different payments to survivor. Taxact 2008 free download   If your contract provides that payments to a survivor annuitant will be different from the amount you receive, you must use a computation which accounts for both the joint lives of the annuitants and the life of the survivor. Taxact 2008 free download Example 1. Taxact 2008 free download Gerald bought a contract providing for payments to him of $500 a month for life and, after his death, payments to his wife, Mary, of $350 a month for life. Taxact 2008 free download If, at the annuity starting date, Gerald's nearest birthday is 70 and Mary's is 67, the expected return under the contract is figured as follows: Combined multiple for Gerald and Mary, ages 70 and 67 (from Table VI)   22. Taxact 2008 free download 0 Multiple for Gerald, age 70 (from Table V)   16. Taxact 2008 free download 0 Difference: Multiple applicable to Mary   6. Taxact 2008 free download 0 Gerald's annual payment ($500 × 12) $6,000   Gerald's multiple 16. Taxact 2008 free download 0   Gerald's expected return   $96,000 Mary's annual payment ($350 × 12) $4,200   Mary's multiple 6. Taxact 2008 free download 0   Mary's expected return   25,200 Total expected return under the contract   $121,200 Example 2. Taxact 2008 free download Your husband died while still employed. Taxact 2008 free download Under the terms of his employer's retirement plan, you are entitled to get an immediate annuity of $400 a month for the rest of your life or until you remarry. Taxact 2008 free download Your daughters, Marie and Jean, are each entitled to immediate temporary life annuities of $150 a month until they reach age 18. Taxact 2008 free download You were 50 years old at the annuity starting date. Taxact 2008 free download Marie was 16 and Jean was 14. Taxact 2008 free download Using the multiples shown in Tables V and VIII at the end of this publication, the total expected return on the annuity starting date is $169,680, figured as follows: Widow, age 50 (multiple from Table V—33. Taxact 2008 free download 1 × $4,800 annual payment) $158,880 Marie, age 16 for 2 years duration (multiple from Table VIII—2. Taxact 2008 free download 0 × $1,800 annual payment) 3,600 Jean, age 14 for 4 years duration (multiple from Table VIII—4. Taxact 2008 free download 0 × $1,800 annual payment) 7,200 Total expected return $169,680 No computation of expected return is made based on your husband's age at the date of death because he died before the annuity starting date. Taxact 2008 free download Computation Under the General Rule Note. Taxact 2008 free download Variable annuities use a different computation for determining the exclusion amounts. Taxact 2008 free download See Variable annuities later. Taxact 2008 free download Under the General Rule, you figure the taxable part of your annuity by using the following steps: Step 1. Taxact 2008 free download   Figure the amount of your investment in the contract, including any adjustments for the refund feature and the death benefit exclusion, if applicable. Taxact 2008 free download See Death benefit exclusion , earlier. Taxact 2008 free download Step 2. Taxact 2008 free download   Figure your expected return. Taxact 2008 free download Step 3. Taxact 2008 free download   Divide Step 1 by Step 2 and round to three decimal places. Taxact 2008 free download This will give you the exclusion percentage. Taxact 2008 free download Step 4. Taxact 2008 free download   Multiply the exclusion percentage by the first regular periodic payment. Taxact 2008 free download The result is the tax-free part of each pension or annuity payment. Taxact 2008 free download   The tax-free part remains the same even if the total payment increases due to variation in the annuity amount such as cost of living increases, or you outlive the life expectancy factor used. Taxact 2008 free download However, if your annuity starting date is after 1986, the total amount of annuity income that is tax free over the years cannot exceed your net cost. Taxact 2008 free download   Each annuitant applies the same exclusion percentage to his or her initial payment called for in the contract. Taxact 2008 free download Step 5. Taxact 2008 free download   Multiply the tax-free part of each payment (step 4) by the number of payments received during the year. Taxact 2008 free download This will give you the tax-free part of the total payment for the year. Taxact 2008 free download    In the first year of your annuity, your first payment or part of your first payment may be for a fraction of the payment period. Taxact 2008 free download This fractional amount is multiplied by your exclusion percentage to get the tax-free part. Taxact 2008 free download Step 6. Taxact 2008 free download   Subtract the tax-free part from the total payment you received. Taxact 2008 free download The rest is the taxable part of your pension or annuity. Taxact 2008 free download Example 1. Taxact 2008 free download You purchased an annuity with an investment in the contract of $10,800. Taxact 2008 free download Under its terms, the annuity will pay you $100 a month for life. Taxact 2008 free download The multiple for your age (age 65) is 20. Taxact 2008 free download 0 as shown in Table V. Taxact 2008 free download Your expected return is $24,000 (20 × 12 × $100). Taxact 2008 free download Your cost of $10,800, divided by your expected return of $24,000, equals 45. Taxact 2008 free download 0%. Taxact 2008 free download This is the percentage you will not have to include in income. Taxact 2008 free download Each year, until your net cost is recovered, $540 (45% of $1,200) will be tax free and you will include $660 ($1,200 − $540) in your income. Taxact 2008 free download If you had received only six payments of $100 ($600) during the year, your exclusion would have been $270 (45% of $100 × 6 payments). Taxact 2008 free download Example 2. Taxact 2008 free download Gerald bought a joint and survivor annuity. Taxact 2008 free download Gerald's investment in the contract is $62,712 and the expected return is $121,200. Taxact 2008 free download The exclusion percentage is 51. Taxact 2008 free download 7% ($62,712 ÷ $121,200). Taxact 2008 free download Gerald will receive $500 a month ($6,000 a year). Taxact 2008 free download Each year, until his net cost is recovered, $3,102 (51. Taxact 2008 free download 7% of his total payments received of $6,000) will be tax free and $2,898 ($6,000 − $3,102) will be included in his income. Taxact 2008 free download If Gerald dies, his wife will receive $350 a month ($4,200 a year). Taxact 2008 free download If Gerald had not recovered all of his net cost before his death, his wife will use the same exclusion percentage (51. Taxact 2008 free download 7%). Taxact 2008 free download Each year, until the entire net cost is recovered, his wife will receive $2,171. Taxact 2008 free download 40 (51. Taxact 2008 free download 7% of her payments received of $4,200) tax free. Taxact 2008 free download She will include $2,028. Taxact 2008 free download 60 ($4,200 − $2,171. Taxact 2008 free download 40) in her income tax return. Taxact 2008 free download Example 3. Taxact 2008 free download Using the same facts as Example 2 under Different payments to survivor, you are to receive an annual annuity of $4,800 until you die or remarry. Taxact 2008 free download Your two daughters each receive annual annuities of $1,800 until they reach age 18. Taxact 2008 free download Your husband contributed $25,576 to the plan. Taxact 2008 free download You are eligible for the $5,000 death benefit exclusion because your husband died before August 21, 1996. Taxact 2008 free download Adjusted Investment in the Contract Contributions $25,576 Plus: Death benefit exclusion 5,000 Adjusted investment in the contract $30,576 The total expected return, as previously figured (in Example 2 under Different payments to survivor), is $169,680. Taxact 2008 free download The exclusion percentage of 18. Taxact 2008 free download 0% ($30,576 ÷ $169,680) applies to the annuity payments you and each of your daughters receive. Taxact 2008 free download Each full year $864 (18. Taxact 2008 free download 0% × $4,800) will be tax free to you, and you must include $3,936 in your income tax return. Taxact 2008 free download Each year, until age 18, $324 (18. Taxact 2008 free download 0% × $1,800) of each of your daughters' payments will be tax free and each must include the balance, $1,476, as income on her own income tax return. Taxact 2008 free download Part-year payments. Taxact 2008 free download   If you receive payments for only part of a year, apply the exclusion percentage to the first regular periodic payment, and multiply the result by the number of payments received during the year. Taxact 2008 free download   If you receive amounts during the year that represent 12 payments, one for each month in that year, and an amount that represents payments for months in a prior year, apply the exclusion percentage to the first regular periodic payment, and multiply the result by the number of payments the amounts received represent. Taxact 2008 free download For instance, if you received amounts during the year that represent the 12 payments for that year plus an amount that represents three payments for a prior year, multiply that amount by the 15 (12 + 3) payments received that the year. Taxact 2008 free download   If you received a fractional payment, follow Step 5, discussed earlier. Taxact 2008 free download This gives you the tax-free part of your total payment. Taxact 2008 free download Example. Taxact 2008 free download On September 28, Mary bought an annuity contract for $22,050 that will give her $125 a month for life, beginning October 30. Taxact 2008 free download The applicable multiple from Table V is 23. Taxact 2008 free download 3 (age 61). Taxact 2008 free download Her expected return is $34,950 ($125 × 12 × 23. Taxact 2008 free download 3). Taxact 2008 free download Mary's investment in the contract of $22,050, divided by her expected return of $34,950, equals 63. Taxact 2008 free download 1%. Taxact 2008 free download Each payment received will consist of 63. Taxact 2008 free download 1% return of cost and 36. Taxact 2008 free download 9% taxable income, until her net cost of the contract is fully recovered. Taxact 2008 free download During the first year, Mary received three payments of $125, or $375, of which $236. Taxact 2008 free download 63 (63. Taxact 2008 free download 1% × $375) is a return of cost. Taxact 2008 free download The remaining $138. Taxact 2008 free download 37 is included in income. Taxact 2008 free download Increase in annuity payments. Taxact 2008 free download   The tax-free amount remains the same as the amount figured at the annuity starting date, even if the payment increases. Taxact 2008 free download All increases in the installment payments are fully taxable. Taxact 2008 free download   However, if your annuity payments are scheduled to increase at a definite date in the future you must figure the expected return for that annuity using the method described in section 1. Taxact 2008 free download 72-5(a)(5) of the regulations. Taxact 2008 free download Example. Taxact 2008 free download Joe's wife died while she was still employed and, as her beneficiary, he began receiving an annuity of $147 per month. Taxact 2008 free download In figuring the taxable part, Joe elects to use Tables V through VIII. Taxact 2008 free download The cost of the contract was $7,938, consisting of the sum of his wife's net contributions, adjusted for any refund feature. Taxact 2008 free download His expected return as of the annuity starting date is $35,280 (age 65, multiple of 20. Taxact 2008 free download 0 × $1,764 annual payment). Taxact 2008 free download The exclusion percentage is $7,938 ÷ $35,280, or 22. Taxact 2008 free download 5%. Taxact 2008 free download During the year he received 11 monthly payments of $147, or $1,617. Taxact 2008 free download Of this amount, 22. Taxact 2008 free download 5% × $147 × 11 ($363. Taxact 2008 free download 83) is tax free as a return of cost and the balance of $1,253. Taxact 2008 free download 17 is taxable. Taxact 2008 free download Later, because of a cost-of-living increase, his annuity payment was increased to $166 per month, or $1,992 a year (12 × $166). Taxact 2008 free download The tax-free part is still only 22. Taxact 2008 free download 5% of the annuity payments as of the annuity starting date (22. Taxact 2008 free download 5% × $147 × 12 = $396. Taxact 2008 free download 90 for a full year). Taxact 2008 free download The increase of $228 ($1,992 − $1,764 (12 × $147)) is fully taxable. Taxact 2008 free download Variable annuities. Taxact 2008 free download   For variable annuity payments, figure the amount of each payment that is tax free by dividing your investment in the contract (adjusted for any refund feature) by the total number of periodic payments you expect to get under the contract. Taxact 2008 free download   If the annuity is for a definite period, you determine the total number of payments by multiplying the number of payments to be made each year by the number of years you will receive payments. Taxact 2008 free download If the annuity is for life, you determine the total number of payments by using a multiple from the appropriate actuarial table. Taxact 2008 free download Example. Taxact 2008 free download Frank purchased a variable annuity at age 65. Taxact 2008 free download The total cost of the contract was $12,000. Taxact 2008 free download The annuity starting date is January 1 of the year of purchase. Taxact 2008 free download His annuity will be paid, starting July 1, in variable annual installments for his life. Taxact 2008 free download The tax-free amount of each payment, until he has recovered his cost of his contract, is: Investment in the contract $12,000 Number of expected annual payments (multiple for age 65 from Table V) 20 Tax-free amount of each payment ($12,000 ÷ 20) $600 If Frank's first payment is $920, he includes only $320 ($920 − $600) in his gross income. Taxact 2008 free download   If the tax-free amount for a year is more than the payments you receive in that year, you may choose, when you receive the next payment, to refigure the tax-free part. Taxact 2008 free download Divide the amount of the periodic tax-free part that is more than the payment you received by the remaining number of payments you expect. Taxact 2008 free download The result is added to the previously figured periodic tax-free part. Taxact 2008 free download The sum is the amount of each future payment that will be tax free. Taxact 2008 free download Example. Taxact 2008 free download Using the facts of the previous example about Frank, assume that after Frank's $920 payment, he received $500 in the following year, and $1,200 in the year after that. Taxact 2008 free download Frank does not pay tax on the $500 (second year) payment because $600 of each annual pension payment is tax free. Taxact 2008 free download Since the $500 payment is less than the $600 annual tax-free amount, he may choose to refigure his tax-free part when he receives his $1,200 (third year) payment, as follows: Amount tax free in second year $600. Taxact 2008 free download 00 Amount received in second year 500. Taxact 2008 free download 00 Difference $100. Taxact 2008 free download 00 Number of remaining payments after the first 2 payments (age 67, from Table V) 18. Taxact 2008 free download 4 Amount to be added to previously determined annual tax-free part ($100 ÷ 18. Taxact 2008 free download 4) $5. Taxact 2008 free download 43 Revised annual tax-free part for third and later years ($600 + $5. Taxact 2008 free download 43) $605. Taxact 2008 free download 43 Amount taxable in third year ($1,200 − $605. Taxact 2008 free download 43) $594. Taxact 2008 free download 57 If you choose to refigure your tax-free amount,   you must file a statement with your income tax return stating that you are refiguring the tax-free amount in accordance with the rules of section 1. Taxact 2008 free download 72–4(d)(3) of the Income Tax Regulations. Taxact 2008 free download The statement must also show the following information: The annuity starting date and your age on that date. Taxact 2008 free download The first day of the first period for which you received an annuity payment in the current year. Taxact 2008 free download Your investment in the contract as originally figured. Taxact 2008 free download The total of all amounts received tax free under the annuity from the annuity starting date through the first day of the first period for which you received an annuity payment in the current tax year. Taxact 2008 free download Exclusion Limits Your annuity starting date determines the total amount of annuity income that you can exclude from income over the years. Taxact 2008 free download Exclusion limited to net cost. Taxact 2008 free download   If your annuity starting date is after 1986, the total amount of annuity income that you can exclude over the years as a return of your cost cannot exceed your net cost (figured without any reduction for a refund feature). Taxact 2008 free download This is the unrecovered investment in the contract as of the annuity starting date. Taxact 2008 free download   If your annuity starting date is after July 1, 1986, any unrecovered net cost at your (or last annuitant's) death is allowed as a miscellaneous itemized deduction on the final return of the decedent. Taxact 2008 free download This deduction is not subject to the 2%-of-adjusted-gross-income limit. Taxact 2008 free download Example 1. Taxact 2008 free download Your annuity starting date is after 1986. Taxact 2008 free download Your total cost is $12,500, and your net cost is $10,000, taking into account certain adjustments. Taxact 2008 free download There is no refund feature. Taxact 2008 free download Your monthly annuity payment is $833. Taxact 2008 free download 33. Taxact 2008 free download Your exclusion ratio is 12% and you exclude $100 a month. Taxact 2008 free download Your exclusion ends after 100 months, when you have excluded your net cost of $10,000. Taxact 2008 free download Thereafter, your annuity payments are fully taxable. Taxact 2008 free download Example 2. Taxact 2008 free download The facts are the same as in Example 1, except that there is a refund feature, and you die after 5 years with no surviving annuitant. Taxact 2008 free download The adjustment for the refund feature is $1,000, so the investment in the contract is $9,000. Taxact 2008 free download The exclusion ratio is 10. Taxact 2008 free download 8%, and your monthly exclusion is $90. Taxact 2008 free download After 5 years (60 months), you have recovered tax free only $5,400 ($90 x 60). Taxact 2008 free download An itemized deduction for the unrecovered net cost of $4,600 ($10,000 net cost minus $5,400) may be taken on your final income tax return. Taxact 2008 free download Your unrecovered investment is determined without regard to the refund feature adjustment, discussed earlier, under Adjustments. Taxact 2008 free download Exclusion not limited to net cost. Taxact 2008 free download   If your annuity starting date was before 1987, you could continue to take your monthly exclusion for as long as you receive your annuity. Taxact 2008 free download If you choose a joint and survivor annuity, your survivor continues to take the survivor's exclusion figured as of the annuity starting date. Taxact 2008 free download The total exclusion may be more than your investment in the contract. Taxact 2008 free download How To Use Actuarial Tables In figuring, under the General Rule, the taxable part of your annuity payments that you are to get for the rest of your life (rather than for a fixed number of years), you must use one or more of the actuarial tables in this publication. Taxact 2008 free download Unisex Annuity Tables Effective July 1, 1986, the Internal Revenue Service adopted new annuity Tables V through VIII, in which your sex is not considered when determining the applicable factor. Taxact 2008 free download These tables correspond to the old Tables I through IV. Taxact 2008 free download In general, Tables V through VIII must be used if you made contributions to the retirement plan after June 30, 1986. Taxact 2008 free download If you made no contributions to the plan after June 30, 1986, generally you must use only Tables I through IV. Taxact 2008 free download However, if you received an annuity payment after June 30, 1986, you may elect to use Tables V through VIII (see Annuity received after June 30, 1986, later). Taxact 2008 free download Special Elections Although you generally must use Tables V through VIII if you made contributions to the retirement plan after June 30, 1986, and Tables I through IV if you made no contributions after June 30, 1986, you can make the following special elections to select which tables to use. Taxact 2008 free download Contributions made both before July 1986 and after June 1986. Taxact 2008 free download   If you made contributions to the retirement plan both before July 1986 and after June 1986, you may elect to use Tables I through IV for the pre-July 1986 cost of the contract, and Tables V through VIII for the post-June 1986 cost. Taxact 2008 free download (See the examples below. Taxact 2008 free download )    Making the election. Taxact 2008 free download Attach this statement to your income tax return for the first year in which you receive an annuity:    “I elect to apply the provisions of paragraph (d) of section 1. Taxact 2008 free download 72–6 of the Income Tax Regulations. Taxact 2008 free download ”   The statement must also include your name, address, social security number, and the amount of the pre-July 1986 investment in the contract. Taxact 2008 free download   If your investment in the contract includes post-June 1986 contributions to the plan, and you do not make the election to use Tables I through IV and Tables V through VIII, then you can only use Tables V through VIII in figuring the taxable part of your annuity. Taxact 2008 free download You must also use Tables V through VIII if you are unable or do not wish to determine the portions of your contributions which were made before July 1, 1986, and after June 30, 1986. Taxact 2008 free download    Advantages of election. Taxact 2008 free download In general, a lesser amount of each annual annuity payment is taxable if you separately figure your exclusion ratio for pre-July 1986 and post-June 1986 contributions. Taxact 2008 free download    If you intend to make this election, save your records that substantiate your pre-July 1986 and post-June 1986 contributions. Taxact 2008 free download If the death benefit exclusion applies (see discussion, earlier), you do not have to apportion it between the pre-July 1986 and the post-June 1986 investment in the contract. Taxact 2008 free download   The following examples illustrate the separate computations required if you elect to use Tables I through IV for your pre-July 1986 investment in the contract and Tables V through VIII for your post-June 1986 investment in the contract. Taxact 2008 free download Example 1. Taxact 2008 free download Bill, who is single, contributed $42,000 to the retirement plan and will receive an annual annuity of $24,000 for life. Taxact 2008 free download Payment of the $42,000 contribution is guaranteed under a refund feature. Taxact 2008 free download Bill is 55 years old as of the annuity starting date. Taxact 2008 free download For figuring the taxable part of Bill's annuity, he chose to make separate computations for his pre-July 1986 investment in the contract of $41,300, and for his post-June 1986 investment in the contract of $700. Taxact 2008 free download       Pre- July 1986   Post- June 1986 A. Taxact 2008 free download Adjustment for refund feature         1) Net cost $41,300   $700   2) Annual annuity—$24,000  ($41,300/$42,000 × $24,000) $23,600       ($700/$42,000 × $24,000)     $400   3) Guarantee under contract $41,300   $700   4) No. Taxact 2008 free download of years payments  guaranteed (rounded), A(3) ÷ A(2) 2   2   5) Applicable percentage from  Tables III and VII 1%   0%   6) Adjustment for value of refund  feature, A(5) × smaller of A(1)  or A(3) $413   $0 B. Taxact 2008 free download Investment in the contract         1) Net cost $41,300   $700   2) Minus: Amount in A(6) 413   0   3) Investment in the contract $40,887   $700 C. Taxact 2008 free download Expected return         1) Annual annuity receivable $24,000   $24,000   2) Multiples from Tables I and V 21. Taxact 2008 free download 7   28. Taxact 2008 free download 6   3) Expected return, C(1) × C(2) $520,800   $686,400 D. Taxact 2008 free download Tax-free part of annuity         1) Exclusion ratio as decimal,  B(3) ÷ C(3) . Taxact 2008 free download 079   . Taxact 2008 free download 001   2) Tax-free part, C(1) × D(1) $1,896   $24 The tax-free part of Bill's total annuity is $1,920 ($1,896 plus $24). Taxact 2008 free download The taxable part of his annuity is $22,080 ($24,000 minus $1,920). Taxact 2008 free download If the annuity starting date is after 1986, the exclusion over the years cannot exceed the net cost (figured without any reduction for a refund feature). Taxact 2008 free download Example 2. Taxact 2008 free download Al is age 62 at his nearest birthday to the annuity starting date. Taxact 2008 free download Al's wife is age 60 at her nearest birthday to the annuity starting date. Taxact 2008 free download The joint and survivor annuity pays $1,000 per month to Al for life, and $500 per month to Al's surviving wife after his death. Taxact 2008 free download The pre-July 1986 investment in the contract is $53,100 and the post-June 1986 investment in the contract is $7,000. Taxact 2008 free download Al makes the election described in Example 1 . Taxact 2008 free download For purposes of this example, assume the refund feature adjustment is zero. Taxact 2008 free download If an adjustment is required, IRS will figure the amount. Taxact 2008 free download See Requesting a Ruling on Taxation of Annuity near the end of this publication. Taxact 2008 free download       Pre-  July 1986   Post-  June 1986 A. Taxact 2008 free download Adjustment for refund feature         1) Net cost $53,100   $7,000   2) Annual annuity—$12,000  ($53,100/$60,100 × $12,000) $10,602       ($7,000/$60,100 × $12,000)     $1,398   3) Guaranteed under the contract $53,100   $7,000   4) Number of years guaranteed,  rounded, A(3) ÷ A(2) 5   5   5) Applicable percentages 0%   0%   6) Refund feature adjustment, A(5) × smaller of A(1) or A(3) 0   0 B. Taxact 2008 free download Investment in the contract         1) Net cost $53,100   $7,000   2) Refund feature adjustment 0   0   3) Investment in the contract adjusted for refund feature $53,100   $7,000 C. Taxact 2008 free download Expected return         1) Multiple for both annuitants from Tables II and VI 25. Taxact 2008 free download 4   28. Taxact 2008 free download 8   2) Multiple for first annuitant from Tables I and V 16. Taxact 2008 free download 9   22. Taxact 2008 free download 5   3) Multiple applicable to surviving annuitant, subtract C(2) from C(1) 8. Taxact 2008 free download 5   6. Taxact 2008 free download 3   4) Annual annuity to surviving annuitant $6,000   $6,000   5) Portion of expected return for surviving annuitant, C(4) × C(3) $51,000   $37,800   6) Annual annuity to first annuitant $12,000   $12,000   7) Plus: Portion of expected return for first annuitant, C(6) × C(2) $202,800   $270,000   8) Expected return for both annuitants, C(5) + C(7) $253,800   $307,800 D. Taxact 2008 free download Tax-free part of annuity         1) Exclusion ratio as a decimal, B(3) ÷ C(8) . Taxact 2008 free download 209   . Taxact 2008 free download 023   2) Retiree's tax-free part of annuity, C(6) × D(1) $2,508   $276   3) Survivor's tax-free part of annuity, C(4) × D(1) $1,254   $138 The tax-free part of Al's total annuity is $2,784 ($2,508 + $276). Taxact 2008 free download The taxable part of his annuity is $9,216 ($12,000 − $2,784). Taxact 2008 free download The exclusion over the years cannot exceed the net cost of the contract (figured without any reduction for a refund feature) if the annuity starting date is after 1986. Taxact 2008 free download After Al's death, his widow will apply the same exclusion percentages (20. Taxact 2008 free download 9% and 2. Taxact 2008 free download 3%) to her annual annuity of $6,000 to figure the tax-free part of her annuity. Taxact 2008 free download Annuity received after June 30, 1986. Taxact 2008 free download   If you receive an annuity payment after June 30, 1986, (regardless of your annuity starting date), you may elect to treat the entire cost of the contract as post-June 1986 cost (even if you made no post-June 1986 contributions to the plan) and use Tables V through VIII. Taxact 2008 free download Once made, you cannot revoke the election, which will apply to all payments during the year and in any later year. Taxact 2008 free download    Make the election by attaching the following statement to your income tax return. Taxact 2008 free download    “I elect, under section 1. Taxact 2008 free download 72–9 of the Income Tax Regulations, to treat my entire cost of the contract as a post-June 1986 cost of the plan. Taxact 2008 free download ”   The statement must also include your name, address, and social security number. Taxact 2008 free download   You should also indicate you are making this election if you are unable or do not wish to determine the parts of your contributions which were made before July 1, 1986, and after June 30, 1986. Taxact 2008 free download Disqualifying form of payment or settlement. Taxact 2008 free download   If your annuity starting date is after June 30, 1986, and the contract provides for a disqualifying form of payment or settlement, such as an option to receive a lump sum in full discharge of the obligation under the contract, the entire investment in the contract is treated as post-June 1986 investment in the contract. Taxact 2008 free download See regulations section 1. Taxact 2008 free download 72–6(d)(3) for additional examples of disqualifying forms of payment or settlement. Taxact 2008 free download You can find the Income Tax Regulations in many libraries and at Internal Revenue Service Offices. Taxact 2008 free download Worksheets for Determining Taxable Annuity Worksheets I and II. Taxact 2008 free download   Worksheets I and II follow for determining your taxable annuity under Regulations Section 1. Taxact 2008 free download 72–6(d)(6) Election. Taxact 2008 free download Worksheet I For Determining Taxable Annuity Under Regulations Section 1. Taxact 2008 free download 72-6(d)(6) Election For Single Annuitant With No Survivor Annuity               Pre-July 1986   Post-June 1986 A. Taxact 2008 free download   Refund Feature Adjustment             1)   Net cost (total cost less returned premiums, dividends, etc. Taxact 2008 free download )             2)   Annual annuity allocation:                   Portion of net cost in A(1) x annual annuity                   Net cost             3)   Guaranteed under the contract             4)   Number of years guaranteed, rounded to whole years:                   A(3) divided by A(2)             5)   Applicable percentages* from Tables III and VII                   *If your annuity meets the three conditions listed in Zero value of refund feature in Investment in the Contract, earlier, both percentages are 0. Taxact 2008 free download If not, the IRS will calculate the refund feature percentage. Taxact 2008 free download             6)   Refund feature adjustment:                   A(5) times lesser of A(1) or A(3)                             B. Taxact 2008 free download   Investment in the Contract             1)   Net cost:                   A(1)             2)   Refund feature adjustment:                   A(6)             3)   Investment in the contract adjusted for refund feature:                   B(1) minus B(2)                             C. Taxact 2008 free download   Expected Return             1)   Annual Annuity:                   12 times monthly annuity**             2)   Expected return multiples from Tables I and V             3)     Expected return:                   C(1) times C(2)                             D. Taxact 2008 free download   Tax-Free Part of Annuity             1)     Exclusion ratio, as a decimal rounded to 3 places:                   B(3) divided by C(3)             2)     Tax-free part of annuity:                   C(1) times D(1)             **If the annuity is not paid monthly, figure the amount to enter by using the total number of periodic payments for the year times the amount of the periodic payment. Taxact 2008 free download     Worksheet II For Determining Taxable Annuity Under Regulations Section 1. Taxact 2008 free download 72-6(d)(6) Election For Joint and Survivor Annuity               Pre-July 1986   Post-June 1986 A. Taxact 2008 free download   Refund Feature Adjustment             1)   Net cost (total cost less returned premiums, dividends, etc. Taxact 2008 free download )             2)   Annual annuity allocation:                   Portion of net cost in A(1) x annual annuity                   Net cost             3)   Guaranteed under the contract             4)     Number of years guaranteed, rounded to whole years:                   A(3) divided by A(2)             5)   Applicable percentages*                   *If your annuity meets the three conditions listed in Zero value of refund feature in Investment in the Contract, earlier, both percentages are 0. Taxact 2008 free download If not, the IRS will calculate the refund feature percentage. Taxact 2008 free download             6)   Refund feature adjustment:                   A(5) times lesser of A(1) or A(3)                             B. Taxact 2008 free download   Investment in the Contract             1)   Net cost:                   A(1)             2)   Refund feature adjustment:                   A(6)             3)   Investment in the contract adjusted for refund future:                   B(1) minus B(2)                             C. Taxact 2008 free download   Expected Return             1)   Multiples for both annuitants, Tables II and VI             2)   Multiple for retiree. Taxact 2008 free download Tables I and VI             3)   Multiple for survivor:                   C(1) minus C(2)             4)   Annual annuity to survivor:                   12 times potential monthly rate for survivor**             5)   Expected return for survivor:                   C(3) times C(4)             6)   Annual annuity to retiree:                   12 times monthly rate for retiree**             7)   Expected return for retiree:                   C(2) times C(6)             8)   Total expected return:                   C(5) plus C(7)                             D. Taxact 2008 free download   Tax-Free Part of Annuity             1)   Exclusion ratio, as a decimal rounded to 3 places:                   B(3) divided by C(8)             2)   Retiree's tax-free part of annuity:                   C(6) times D(1)             3)   Survivor's tax-free part of annuity, if surviving after death of retiree:                   C(4) times D(1)             **If the annuity is not paid monthly, figure the amount to enter by using the total number of periodic payments for the year times the amount of the periodic payment. Taxact 2008 free download   Actuarial Tables Please click here for the text description of the image. Taxact 2008 free download Actuarial Tables Please click here for the text description of the image. Taxact 2008 free download Actuarial Tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Please click here for the text description of the image. Taxact 2008 free download Actuarial tables Requesting a Ruling on Taxation of Annuity If you are a retiree, or the survivor of an employee or retiree, you may ask the Internal Revenue Service to help you determine the taxation of your annuity. Taxact 2008 free download If you make this request, you are asking for a ruling. Taxact 2008 free download User fee. Taxact 2008 free download   Under the law in effect at the time this publication went to print, the IRS must charge a user fee for all ruling requests. Taxact 2008 free download You should call the IRS for the proper fee. Taxact 2008 free download A request solely for the value of the refund feature is not treated as a ruling request and requires no fee. Taxact 2008 free download Send your request to:     Internal Revenue Service  Attention: EP Letter Rulings P. Taxact 2008 free download O. Taxact 2008 free download Box 27063 McPherson Station Washington, DC 20038 The user fee is allowed as a miscellaneous itemized deduction, subject to the 2%-of-adjusted-gross-income limit. Taxact 2008 free download When to make the request. Taxact 2008 free download   Please note that requests sent between February 1 and April 15 may experience some delay. Taxact 2008 free download We process requests in the order received, and we will reply to your request as soon as we can process it. Taxact 2008 free download If you do not receive your ruling by the required filing date, you may use Form 4868, Application for Automatic Extension of Time To File U. Taxact 2008 free download S. Taxact 2008 free download Individual Income Tax Return, to get an extension of time to file. Taxact 2008 free download Information you must furnish. Taxact 2008 free download   You must furnish the information listed below so the IRS can comply with your request. Taxact 2008 free download Failure to furnish the information will result in a delay in processing your request. Taxact 2008 free download Please send only copies of the following documents, as the IRS retains all material sent for its records: A letter explaining the question(s) you wish to have resolved or the information you need from the ruling. Taxact 2008 free download Copies of any documents showing distributions, annuity rates, and annuity options available to you. Taxact 2008 free download A copy of any Form 1099–R you received since your annuity began. Taxact 2008 free download A statement indicating whether you have filed your return for the year for which you are making the request. Taxact 2008 free download If you have requested an extension of time to file that return, please indicate the extension date. Taxact 2008 free download Your daytime phone number. Taxact 2008 free download Your current mailing address. Taxact 2008 free download A power of attorney if someone other than you, an attorney, a certified public accountant, or an enrolled agent is signing this request. Taxact 2008 free download Form 2848, Power of Attorney and Declaration of Representative, may be used for this purpose. Taxact 2008 free download A completed Tax Information Sheet (or facsimile) shown on the next page. Taxact 2008 free download Sign and date the Disclosure and Perjury Statement (or facsimile) at the end of the tax information sheet. Taxact 2008 free download This statement must be signed by the retiree or the survivor annuitant. Taxact 2008 free download It cannot be signed by a representative. Taxact 2008 free download Tax Information Sheet Please click here for the text description of the image. Taxact 2008 free download Tax Information Sheet Please click here for the text description of the image. Taxact 2008 free download Tax Information Sheet (continued) How To Get Tax Help Whether it's help with a tax issue, preparing your tax return or a need for a free publication or form, get the help you need the way you want it: online, use a smart phone, call or walk in to an IRS office or volunteer site near you. Taxact 2008 free download Free help with your tax return. Taxact 2008 free download   You can get free help preparing your return nationwide from IRS-certified volunteers. Taxact 2008 free download The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. Taxact 2008 free download The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. Taxact 2008 free download Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. Taxact 2008 free download In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. Taxact 2008 free download To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS. Taxact 2008 free download gov, download the IRS2Go app, or call 1-800-906-9887. Taxact 2008 free download   As part of the TCE program, AARP offers the Tax-Aide counseling program. Taxact 2008 free download To find the nearest AARP Tax-Aide site, visit AARP's website at www. Taxact 2008 free download aarp. Taxact 2008 free download org/money/taxaide or call 1-888-227-7669. Taxact 2008 free download For more information on these programs, go to IRS. Taxact 2008 free download gov and enter “VITA” in the search box. Taxact 2008 free download Internet. Taxact 2008 free download    IRS. Taxact 2008 free download gov and IRS2Go are ready when you are —24 hours a day, 7 days a week. Taxact 2008 free download Download the free IRS2Go app from the iTunes app store or from Google Play. Taxact 2008 free download Use it to check your refund status, order transcripts of your tax returns or tax account, watch the IRS YouTube channel, get IRS news as soon as it's released to the public, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. Taxact 2008 free download Check the status of your 2013 refund with the Where's My Refund? application on IRS. Taxact 2008 free download gov or download the IRS2Go app and select the Refund Status option. Taxact 2008 free download The IRS issues more than 9 out of 10 refunds in less than 21 days. Taxact 2008 free download Using these applications, you can start checking on the status of your return within 24 hours after we receive your e-filed return or 4 weeks after you mail a paper return. Taxact 2008 free download You will also be given a personalized refund date as soon as the IRS processes your tax return and approves your refund. Taxact 2008 free download The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. Taxact 2008 free download Use the Interactive Tax Assistant (ITA) to research your tax questions. Taxact 2008 free download No need to wait on the phone or stand in line. Taxact 2008 free download The ITA is available 24 hours a day, 7 days a week, and provides you with a variety of tax information related to general filing topics, deductions, credits, and income. Taxact 2008 free download When you reach the response screen, you can print the entire interview and the final response for your records. Taxact 2008 free download New subject areas are added on a regular basis. Taxact 2008 free download  Answers not provided through ITA may be found in Tax Trails, one of the Tax Topics on IRS. Taxact 2008 free download gov which contain general individual and business tax information or by searching the IRS Tax Map, which includes an international subject index. Taxact 2008 free download You can use the IRS Tax Map, to search publications and instructions by topic or keyword. Taxact 2008 free download The IRS Tax Map integrates forms and publications into one research tool and provides single-point access to tax law information by subject. Taxact 2008 free download When the user searches the IRS Tax Map, they will be provided with links to related content in existing IRS publications, forms and instructions, questions and answers, and Tax Topics. Taxact 2008 free download Coming this filing season, you can immediately view and print for free all 5 types of individual federal tax transcripts (tax returns, tax account, record of account, wage and income statement, and certification of non-filing) using Get Transcript. Taxact 2008 free download You can also ask the IRS to mail a return or an account transcript to you. Taxact 2008 free download Only the mail option is available by choosing the Tax Records option on the IRS2Go app by selecting Mail Transcript on IRS. Taxact 2008 free download gov or by calling 1-800-908-9946. Taxact 2008 free download Tax return and tax account transcripts are generally available for the current year and the past three years. Taxact 2008 free download Determine if you are eligible for the EITC and estimate the amount of the credit with the Earned Income Tax Credit (EITC) Assistant. Taxact 2008 free download Visit Understanding Your IRS Notice or Letter to get answers to questions about a notice or letter you received from the IRS. Taxact 2008 free download If you received the First Time Homebuyer Credit, you can use the First Time Homebuyer Credit Account Look-up tool for information on your repayments and account balance. Taxact 2008 free download Check the status of your amended return using Where's My Amended Return? Go to IRS. Taxact 2008 free download gov and enter Where's My Amended Return? in the search box. Taxact 2008 free download You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. Taxact 2008 free download It can take up to 3 weeks from the date you mailed it to show up in our system. Taxact 2008 free download Make a payment using one of several safe and convenient electronic payment options available on IRS. Taxact 2008 free download gov. Taxact 2008 free download Select the Payment tab on the front page of IRS. Taxact 2008 free download gov for more information. Taxact 2008 free download Determine if you are eligible and apply for an online payment agreement, if you owe more tax than you can pay today. Taxact 2008 free download Figure your income tax withholding with the IRS Withholding Calculator on IRS. Taxact 2008 free download gov. Taxact 2008 free download Use it if you've had too much or too little withheld, your personal situation has changed, you're starting a new job or you just want to see if you're having the right amount withheld. Taxact 2008 free download Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. Taxact 2008 free download gov. Taxact 2008 free download Request an Electronic Filing PIN by going to IRS. Taxact 2008 free download gov and entering Electronic Filing PIN in the search box. Taxact 2008 free download Download forms, instructions and publications, including accessible versions for people with disabilities. Taxact 2008 free download Locate the nearest Taxpayer Assistance Center (TAC) using the Office Locator tool on IRS. Taxact 2008 free download gov, or choose the Contact Us option on the IRS2Go app and search Local Offices. Taxact 2008 free download An employee can answer questions about your tax account or help you set up a payment plan. Taxact 2008 free download Before you visit, check the Office Locator on IRS. Taxact 2008 free download gov, or Local Offices under Contact Us on IRS2Go to confirm the address, phone number, days and hours of operation, and the services provided. Taxact 2008 free download If you have a special need, such as a disability, you can request an appointment. Taxact 2008 free download Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. Taxact 2008 free download Apply for an Employer Identification Number (EIN). Taxact 2008 free download Go to IRS. Taxact 2008 free download gov and enter Apply for an EIN in the search box. Taxact 2008 free download Read the Internal Revenue Code, regulations, or other official guidance. Taxact 2008 free download Read Internal Revenue Bulletins. Taxact 2008 free download Sign up to receive local and national tax news and more by email. Taxact 2008 free download Just click on “subscriptions” above the search box on IRS. Taxact 2008 free download gov and choose from a variety of options. Taxact 2008 free download    Phone. Taxact 2008 free download You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. Taxact 2008 free download Download the free IRS2Go app from the iTunes app store or from Google Play. Taxact 2008 free download Call to locate the nearest volunteer help site, 1-800-906-9887 or you can use the VITA Locator Tool on IRS. Taxact 2008 free download gov, or download the IRS2Go app. Taxact 2008 free download Low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. Taxact 2008 free download The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. Taxact 2008 free download Mos