Filing Your Taxes Online is Fast, Easy and Secure.
Start now and receive your tax refund in as little as 7 days.

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

Find tax credits for everything from school tuition to buying a hybri

3. E-File for FREE

E-file free with direct deposit to get your refund in as few as 7 days.

Filing your taxes with paper mail can be difficult and it could take weeks for your refund to arrive. IRS e-file is easy, fast and secure. There is no paperwork going to the IRS so tax refunds can be processed in as little as 7 days with direct deposit. As you prepare your taxes online, you can see your tax refund in real time.

FREE audit support and representation from an enrolled agent – NEW and only from H&R Block

2011 Tax Prep

1040 Easy FormFiling 2010 Taxes Late OnlineUnemployed Tax CreditFile State Taxes For FreeTax Penalty UnderpaymentFree State FilingForms For 2012 Income TaxFile 2007 Tax ReturnState Tax OnlineH&r Block Federal FreeHow Do I File State Taxes For FreeIrs 1040ez FormWww Irs Gov Form1040xHandrblock FreeState ReturnHow To File An Amended Tax Return For 2012 TurbotaxAmend 2011 Tax Return2011 Tax ScheduleHow To File 2011 Taxes Late1040ez 2013 File OnlineHrblock HomeFile Amended Return OnlineRevised Tax ReturnFillable Tax Forms 2011File 2010 Income TaxHow To Amend State Tax ReturnIrs Form 1040ezTurbotax Login Tax Return 20122011 1040 Ez Tax FormsMy1040ez ComHow To Amend Tax ReturnsAmend 2009 Tax Return Online FreeFree Tax Filing For Federal And State1040ez Fill In FormH&r Block Key Code For Free State FilingTax Amendment FormsExample Of Form 1040x Amended Tax ReturnInstructions For Filing An Amended Tax ReturnState Income Tax Form 2012Tax Planning Us Back Taxes

2011 Tax Prep

2011 tax prep Publication 17 - Introductory Material Table of Contents What's New Reminders IntroductionIcons. 2011 tax prep Ordering forms and publications. 2011 tax prep Tax questions. 2011 tax prep All material in this publication may be reprinted freely. 2011 tax prep A citation to Your Federal Income Tax (2013) would be appropriate. 2011 tax prep The explanations and examples in this publication reflect the interpretation by the Internal Revenue Service (IRS) of: Tax laws enacted by Congress, Treasury regulations, and Court decisions. 2011 tax prep However, the information given does not cover every situation and is not intended to replace the law or change its meaning. 2011 tax prep This publication covers some subjects on which a court may have made a decision more favorable to taxpayers than the interpretation by the IRS. 2011 tax prep Until these differing interpretations are resolved by higher court decisions or in some other way, this publication will continue to present the interpretations by the IRS. 2011 tax prep All taxpayers have important rights when working with the IRS. 2011 tax prep These rights are described in Your Rights as a Taxpayer in the back of this publication. 2011 tax prep What's New This section summarizes important tax changes that took effect in 2013. 2011 tax prep Most of these changes are discussed in more detail throughout this publication. 2011 tax prep Future developments. 2011 tax prep  For the latest information about the tax law topics covered in this publication, including information about any tax legislation, go to www. 2011 tax prep irs. 2011 tax prep gov/pub17. 2011 tax prep Additional Medicare Tax. 2011 tax prep  Beginning in 2013, a 0. 2011 tax prep 9% Additional Medicare Tax applies to Medicare wages, railroad retirement (RRTA) compensation, and self-employment income that are more than: $125,000 if married filing separately, $250,000 if married filing jointly, or $200,000 for any other filing status. 2011 tax prep See Form 8959 and its instructions. 2011 tax prep Net Investment Income Tax. 2011 tax prep  Beginning in 2013, you may be subject to Net Investment Income Tax (NIIT). 2011 tax prep The NIIT is 3. 2011 tax prep 8% of the smaller of (a) your net investment income or (b) the excess of your modified adjusted gross income over: $125,000 if married filing separately, $250,000 if married filing jointly or qualifying widow(er), or $200,000 if any other filing status. 2011 tax prep See Form 8960 and its instructions. 2011 tax prep Change in tax rates. 2011 tax prep  The highest tax rate is 39. 2011 tax prep 6%. 2011 tax prep For more information, see the 2013 Tax Computation Worksheet or the 2013 Tax Rate Schedules near the end of this publication. 2011 tax prep Tax rate on net capital gain and qualified dividends. 2011 tax prep  The maximum tax rate of 15% on net capital gain and qualified dividends has increased to 20% for some taxpayers. 2011 tax prep See chapter 16. 2011 tax prep Medical and dental expenses. 2011 tax prep  You can deduct only the part of your medical and dental expenses that is more than 10% of your adjusted gross income (7. 2011 tax prep 5% if either you or your spouse is age 65 or older). 2011 tax prep See chapter 21. 2011 tax prep Personal exemption amount increased for certain taxpayers. 2011 tax prep  Your personal exemption is increased to $3,900. 2011 tax prep But the amount is reduced if your adjusted gross income is more than: $150,000 if married filing separately, $250,000 if single, $275,000 if head of household, or $300,000 if any other filing status. 2011 tax prep See chapter 3. 2011 tax prep Limit on itemized deductions. 2011 tax prep  You may not be able to deduct all of your itemized deductions if your adjusted gross income is more than: $150,000 if married filing separately, $250,000 if single, $275,000 if head of household, or $300,000 if any other filing status. 2011 tax prep See chapter 29. 2011 tax prep Same-sex marriages. 2011 tax prep  If you have a same-sex spouse whom you legally married in a state (or foreign country) that recognizes same-sex marriage, you and your spouse generally must use the married filing jointly or married filing separately filing status on your 2013 return, even if you and your spouse now live in a state (or foreign country) that does not recognize same-sex marriage. 2011 tax prep See chapter 2. 2011 tax prep If you meet certain requirements, you may be able to file amended returns to change your filing status for some earlier years. 2011 tax prep For details on filing amended returns, see chapter 1. 2011 tax prep Health flexible spending arrangements (FSAs). 2011 tax prep  You cannot have more than $2,500 in salary reduction contributions made to a health FSA for plan years beginning after 2012. 2011 tax prep See chapter 5. 2011 tax prep Expiring credits. 2011 tax prep  The plug-in electric vehicle credit and the refundable part of the credit for prior year minimum tax have expired. 2011 tax prep You cannot claim either one on your 2013 return. 2011 tax prep See chapter 37. 2011 tax prep Ponzi-type investment schemes. 2011 tax prep  There are new rules for how to claim a theft loss deduction on Form 4684 due to a Ponzi-type investment scheme. 2011 tax prep See chapter 25. 2011 tax prep Home office deduction simplified method. 2011 tax prep  If you can take a home office deduction, you may be able to use a simplified method to figure it. 2011 tax prep See Publication 587. 2011 tax prep Standard mileage rates. 2011 tax prep  The 2013 rate for business use of your car is increased to 56½ cents a mile. 2011 tax prep See chapter 26. 2011 tax prep The 2013 rate for use of your car to get medical care is increased to 24 cents a mile. 2011 tax prep See chapter 21. 2011 tax prep The 2013 rate for use of your car to move is increased to 24 cents a mile. 2011 tax prep See Publication 521, Moving Expenses. 2011 tax prep Reminders Listed below are important reminders and other items that may help you file your 2013 tax return. 2011 tax prep Many of these items are explained in more detail later in this publication. 2011 tax prep Enter your social security number (SSN). 2011 tax prep  Enter your SSN in the space provided on your tax form. 2011 tax prep If you filed a joint return for 2012 and are filing a joint return for 2013 with the same spouse, enter your names and SSNs in the same order as on your 2012 return. 2011 tax prep See chapter 1. 2011 tax prep Secure your tax records from identity theft. 2011 tax prep  Identity theft occurs when someone uses your personal information, such as your name, SSN, or other identifying information, without your permission, to commit fraud or other crimes. 2011 tax prep An identity thief may use your SSN to get a job or may file a tax return using your SSN to receive a refund. 2011 tax prep For more information about identity theft and how to reduce your risk from it, see chapter 1. 2011 tax prep Taxpayer identification numbers. 2011 tax prep  You must provide the taxpayer identification number for each person for whom you claim certain tax benefits. 2011 tax prep This applies even if the person was born in 2013. 2011 tax prep Generally, this number is the person's social security number (SSN). 2011 tax prep See chapter 1. 2011 tax prep Foreign source income. 2011 tax prep  If you are a U. 2011 tax prep S. 2011 tax prep citizen with income from sources outside the United States (foreign income), you must report all such income on your tax return unless it is exempt by U. 2011 tax prep S. 2011 tax prep law. 2011 tax prep This is true whether you live inside or outside the United States and whether or not you receive a Form W-2 or Form 1099 from the foreign payer. 2011 tax prep This applies to earned income (such as wages and tips) as well as unearned income (such as interest, dividends, capital gains, pensions, rents and royalties). 2011 tax prep If you live outside the United States, you may be able to exclude part or all of your foreign source earned income. 2011 tax prep For details, see Publication 54, Tax Guide for U. 2011 tax prep S. 2011 tax prep Citizens and Resident Aliens Abroad. 2011 tax prep Foreign financial assets. 2011 tax prep  If you had foreign financial assets in 2013, you may have to file Form 8938 with your return. 2011 tax prep Check www. 2011 tax prep IRS. 2011 tax prep gov/form8938 for details. 2011 tax prep Automatic 6-month extension to file tax return. 2011 tax prep  You can use Form 4868, Application for Automatic Extension of Time To File U. 2011 tax prep S. 2011 tax prep Individual Income Tax Return, to obtain an automatic 6-month extension of time to file your tax return. 2011 tax prep See chapter 1. 2011 tax prep Include your phone number on your return. 2011 tax prep  To promptly resolve any questions we have in processing your tax return, we would like to be able to call you. 2011 tax prep Please enter your daytime telephone number on your tax form next to your signature and occupation. 2011 tax prep If you are filing a joint return, you can enter either your or your spouse's daytime phone number. 2011 tax prep Payment of taxes. 2011 tax prep   You can pay your taxes online, by phone, or by check or money order. 2011 tax prep You can make a direct transfer from your bank account or use a credit or debit card. 2011 tax prep If you e-file, you can schedule an electronic payment. 2011 tax prep See chapter 1. 2011 tax prep Faster ways to file your return. 2011 tax prep  The IRS offers fast, accurate ways to file your tax return information without filing a paper tax return. 2011 tax prep You can use IRS e-file (electronic filing). 2011 tax prep See chapter 1. 2011 tax prep Free electronic filing. 2011 tax prep  You may be able to file your 2013 taxes online for free. 2011 tax prep See chapter 1. 2011 tax prep Change of address. 2011 tax prep  If you change your address, you should notify the IRS. 2011 tax prep See Change of Address in chapter 1. 2011 tax prep Refund on a late filed return. 2011 tax prep  If you were due a refund but you did not file a return, you generally must file your return within 3 years from the date the return was due (including extensions) to get that refund. 2011 tax prep See chapter 1. 2011 tax prep Frivolous tax returns. 2011 tax prep  The IRS has published a list of positions that are identified as frivolous. 2011 tax prep The penalty for filing a frivolous tax return is $5,000. 2011 tax prep See chapter 1. 2011 tax prep Filing erroneous claim for refund or credit. 2011 tax prep  You may have to pay a penalty if you file an erroneous claim for refund or credit. 2011 tax prep See chapter 1. 2011 tax prep Privacy Act and paperwork reduction information. 2011 tax prep   The IRS Restructuring and Reform Act of 1998, the Privacy Act of 1974, and the Paperwork Reduction Act of 1980 require that when we ask you for information we must first tell you what our legal right is to ask for the information, why we are asking for it, how it will be used, what could happen if we do not receive it, and whether your response is voluntary, required to obtain a benefit, or mandatory under the law. 2011 tax prep A complete statement on this subject can be found in your tax form instructions. 2011 tax prep Customer service for taxpayers. 2011 tax prep  You can set up a personal appointment at the most convenient Taxpayer Assistance Center, on the most convenient business day. 2011 tax prep See How To Get Tax Help in the back of this publication. 2011 tax prep Preparer e-file mandate. 2011 tax prep  Most paid preparers must e-file returns they prepare and file. 2011 tax prep Your preparer may make you aware of this requirement and the options available to you. 2011 tax prep Treasury Inspector General for Tax Administration. 2011 tax prep   If you want to confidentially report misconduct, waste, fraud, or abuse by an IRS employee, you can call 1-800-366-4484 (call 1-800-877-8339 if you are deaf, hard of hearing, or have a speech disability, and are using TTY/TDD equipment). 2011 tax prep You can remain anonymous. 2011 tax prep Photographs of missing children. 2011 tax prep  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. 2011 tax prep Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. 2011 tax prep 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. 2011 tax prep Introduction This publication covers the general rules for filing a federal income tax return. 2011 tax prep It supplements the information contained in your tax form instructions. 2011 tax prep It explains the tax law to make sure you pay only the tax you owe and no more. 2011 tax prep How this publication is arranged. 2011 tax prep   This publication closely follows Form 1040, U. 2011 tax prep S. 2011 tax prep Individual Income Tax Return. 2011 tax prep It is divided into six parts which cover different sections of Form 1040. 2011 tax prep Each part is further divided into chapters which generally discuss one line of the form. 2011 tax prep Do not worry if you file Form 1040A or Form 1040EZ. 2011 tax prep Anything included on a line of either of these forms is also included on Form 1040. 2011 tax prep   The table of contents inside the front cover and the index in the back of the publication are useful tools to help you find the information you need. 2011 tax prep What is in this publication. 2011 tax prep   The publication begins with the rules for filing a tax return. 2011 tax prep It explains: Who must file a return, Which tax form to use, When the return is due, How to e-file your return, and Other general information. 2011 tax prep It will help you identify which filing status you qualify for, whether you can claim any dependents, and whether the income you receive is taxable. 2011 tax prep The publication goes on to explain the standard deduction, the kinds of expenses you may be able to deduct, and the various kinds of credits you may be able to take to reduce your tax. 2011 tax prep   Throughout the publication are examples showing how the tax law applies in typical situations. 2011 tax prep Also throughout the publication are flowcharts and tables that present tax information in an easy-to-understand manner. 2011 tax prep   Many of the subjects discussed in this publication are discussed in greater detail in other IRS publications. 2011 tax prep References to those other publications are provided for your information. 2011 tax prep Icons. 2011 tax prep   Small graphic symbols, or icons, are used to draw your attention to special information. 2011 tax prep See Table 1 later for an explanation of each icon used in this publication. 2011 tax prep What is not covered in this publication. 2011 tax prep   Some material that you may find helpful is not included in this publication but can be found in your tax form instruction booklet. 2011 tax prep This includes lists of: Where to report certain items shown on information documents, and Recorded tax information topics (TeleTax). 2011 tax prep   If you operate your own business or have other self-employment income, such as from babysitting or selling crafts, see the following publications for more information. 2011 tax prep Publication 334, Tax Guide for Small Business (For Individuals Who Use Schedule C or C-EZ). 2011 tax prep Publication 535, Business Expenses. 2011 tax prep Publication 587, Business Use of Your Home (Including Use by Daycare Providers). 2011 tax prep Help from the IRS. 2011 tax prep   There are many ways you can get help from the IRS. 2011 tax prep These are explained under How To Get Tax Help in the back of this publication. 2011 tax prep Comments and suggestions. 2011 tax prep   We welcome your comments about this publication and your suggestions for future editions. 2011 tax prep   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. 2011 tax prep NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. 2011 tax prep Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. 2011 tax prep   You can send your comments from www. 2011 tax prep irs. 2011 tax prep gov/formspubs/. 2011 tax prep Click on “More Information” and then on “Comment on Tax Forms and Publications”. 2011 tax prep   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. 2011 tax prep Ordering forms and publications. 2011 tax prep   Visit www. 2011 tax prep irs. 2011 tax prep gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. 2011 tax prep Internal Revenue Service 1201 N. 2011 tax prep Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. 2011 tax prep   If you have a tax question, check the information available on IRS. 2011 tax prep gov or call 1-800-829-1040. 2011 tax prep We cannot answer tax questions sent to either of the above addresses. 2011 tax prep IRS mission. 2011 tax prep   Provide America's taxpayers top quality service by helping them understand and meet their tax responsibilities and by applying the tax law with integrity and fairness to all. 2011 tax prep Table 1. 2011 tax prep Legend of Icons Icon Explanation Items that may cause you particular problems, or an alert about pending legislation that may be enacted after this publication goes to print. 2011 tax prep An Internet site or an email address. 2011 tax prep An address you may need. 2011 tax prep Items you should keep in your personal records. 2011 tax prep Items you may need to figure or a worksheet you may need to complete and keep for your records. 2011 tax prep An important phone number. 2011 tax prep Helpful information you may need. 2011 tax prep Prev  Up  Next   Home   More Online Publications
Print - Click this link to Print this page

Understanding your CP51B Notice

We computed the tax on your Form 1040, 1040A or 1040EZ. You owe taxes.


What you need to do

  • Read your notice carefully. It will explain how we calculated refund.
  • You don't need to do anything if you agree with our calculations.
  • Contact us if you disagree with the amount of tax we computed.

You may want to...


Answers to Common Questions

What should I do if I disagree with the notice?
Call us at the toll free number on the top right corner of your notice. Please have your paperwork (such as cancelled checks, amended return, etc.) ready when you call.

When will I receive my refund?
If you have not already received your refund and if you owe no other taxes or other debts we are required to collect, you should receive it within 2-3 weeks.


Tips for next year

Consider filing your taxes electronically. Filing online can help you avoid mistakes and find credits and deductions that you may qualify for. In many cases you can file for free. Learn more about e-file.

Page Last Reviewed or Updated: 04-Mar-2014

Printable samples of this notice (PDF)

 

Tax publications you may find useful

 

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 2011 Tax Prep

2011 tax prep Publication 334 - Introductory Material Table of Contents IntroductionOrdering forms and publications. 2011 tax prep Tax questions. 2011 tax prep Future Developments What's New for 2013 What's New for 2014 Reminders Photographs of Missing Children Introduction The purpose of this publication is to provide general information about the federal tax laws that apply to small business owners who are sole proprietors and to statutory employees. 2011 tax prep This publication has information on business income, expenses, and tax credits that may help you file your income tax return. 2011 tax prep Are you self-employed?   You are self-employed if you carry on a trade or business as a sole proprietor or an independent contractor. 2011 tax prep Sole proprietor. 2011 tax prep   A sole proprietor is someone who owns an unincorporated business by himself or herself. 2011 tax prep However, if you are the sole member of a domestic limited liability company (LLC), you are not a sole proprietor if you elect to treat the LLC as a corporation. 2011 tax prep Trade or business. 2011 tax prep    A trade or business is generally an activity carried on to make a profit. 2011 tax prep The facts and circumstances of each case determine whether or not an activity is a trade or business. 2011 tax prep You do not need to actually make a profit to be in a trade or business as long as you have a profit motive. 2011 tax prep You do need to make ongoing efforts to further the interests of your business. 2011 tax prep   You do not have to carry on regular full-time business activities to be self-employed. 2011 tax prep Having a part-time business in addition to your regular job or business may be self-employment. 2011 tax prep Independent contractor. 2011 tax prep    People such as doctors, dentists, veterinarians, lawyers, accountants, contractors, subcontractors, public stenographers, or auctioneers who are in an independent trade, business, or profession in which they offer their services to the general public are generally independent contractors. 2011 tax prep However, whether they are independent contractors or employees depends on the facts in each case. 2011 tax prep The general rule is that an individual is an independent contractor if the payer has the right to control or to direct only the result of the work and not how it will be done. 2011 tax prep The earnings of a person who is working as an independent contractor are subject to self-employment tax. 2011 tax prep For more information on determining whether you are an employee or independent contractor, see Publication 15-A, Employer's Supplemental Tax Guide. 2011 tax prep Statutory employee. 2011 tax prep   A statutory employee has a checkmark in box 13 of his or her Form W-2, Wage and Tax Statement. 2011 tax prep Statutory employees use Schedule C or C-EZ to report their wages and expenses. 2011 tax prep Limited liability company (LLC). 2011 tax prep   A limited liability company (LLC) is an entity formed under state law by filing articles of organization. 2011 tax prep Generally, a single-member LLC is disregarded as an entity separate from its owner and reports its income and deductions on its owner's federal income tax return. 2011 tax prep An owner who is an individual may use Schedule C or C-EZ. 2011 tax prep Business owned and operated by spouses. 2011 tax prep   If you and your spouse jointly own and operate an unincorporated business and share in the profits and losses, you are partners in a partnership, whether or not you have a formal partnership agreement. 2011 tax prep Do not use Schedule C or C-EZ. 2011 tax prep Instead, file Form 1065, U. 2011 tax prep S. 2011 tax prep Return of Partnership Income. 2011 tax prep For more information, see Publication 541, Partnerships. 2011 tax prep    Exception—Community income. 2011 tax prep If you and your spouse wholly own an unincorporated business as community property under the community property laws of a state, foreign country, or U. 2011 tax prep S. 2011 tax prep possession, you can treat the business either as a sole proprietorship or a partnership. 2011 tax prep The only states with community property laws are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin. 2011 tax prep A change in your reporting position will be treated as a conversion of the entity. 2011 tax prep    Exception—Qualified joint venture. 2011 tax prep If you and your spouse each materially participate as the only members of a jointly owned and operated business, and you file a joint return for the tax year, you can make a joint election to be treated as a qualified joint venture instead of a partnership for the tax year. 2011 tax prep Making this election will allow you to avoid the complexity of Form 1065 but still give each spouse credit for social security earnings on which retirement benefits are based. 2011 tax prep For an explanation of "material participation," see the Instructions for Schedule C, line G. 2011 tax prep   To make this election, you must divide all items of income, gain, loss, deduction, and credit attributable to the business between you and your spouse in accordance with your respective interests in the venture. 2011 tax prep Each of you must file a separate Schedule C or C-EZ and a separate Schedule SE. 2011 tax prep For more information, see Qualified Joint Ventures in the Instructions for Schedule SE. 2011 tax prep This publication does not cover the topics listed in the following table. 2011 tax prep    IF you need information about: THEN you should see: Corporations Publication 542 Farming Publication 225 Fishermen (Capital Construction Fund)  Publication 595 Partnerships Publication 541 Passive activities Publication 925 Recordkeeping Publication 583 Rental Publication 527 S corporations Instructions for Form 1120S What you need to know. 2011 tax prep   Table A provides a list of questions you need to answer to help you meet your federal tax obligations. 2011 tax prep After each question is the location in this publication where you will find the related discussion. 2011 tax prep Table A. 2011 tax prep What You Need To Know About Federal Taxes (Note. 2011 tax prep The following is a list of questions you may need to answer so you can fill out your federal income tax return. 2011 tax prep Chapters are given to help you find the related discussion in this publication. 2011 tax prep ) What must I know   Where to find the answer   What kinds of federal taxes do I have to pay? How do I pay them?   See chapter 1. 2011 tax prep What forms must I file?   See chapter 1. 2011 tax prep What must I do if I have employees?   See Employment Taxes in chapter 1. 2011 tax prep Do I have to start my tax year in January, or can I start it in any other month?   See Accounting Periods in chapter 2. 2011 tax prep What method can I use to account for my income and expenses?   See Accounting Methods in chapter 2. 2011 tax prep What kinds of business income do I have to report on my tax return?   See chapter 5. 2011 tax prep What kinds of business expenses can I deduct on my tax return?   See Business Expenses in chapter 8. 2011 tax prep What kinds of expenses are not deductible as business expenses?   See Expenses You Cannot Deduct in chapter 8. 2011 tax prep What happens if I have a business loss? Can I deduct it?   See chapter 9. 2011 tax prep What must I do if I disposed of business property during the year?   See chapter 3. 2011 tax prep What are my rights as a taxpayer?   See chapter 11. 2011 tax prep Where do I go if I need help with federal tax matters?   See chapter 12. 2011 tax prep IRS mission. 2011 tax prep   Provide America's taxpayers top quality service by helping them understand and meet their tax responsibilities and by applying the tax law with integrity and fairness to all. 2011 tax prep Comments and suggestions. 2011 tax prep   We welcome your comments about this publication and your suggestions for future editions. 2011 tax prep   You can write to us at the following address:  Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. 2011 tax prep NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. 2011 tax prep Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. 2011 tax prep   You can send your comments from www. 2011 tax prep irs. 2011 tax prep gov/formspubs/. 2011 tax prep Click on “More Information” then on “Comment on Tax Forms and Publications. 2011 tax prep ”   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. 2011 tax prep Ordering forms and publications. 2011 tax prep   Visit  www. 2011 tax prep irs. 2011 tax prep gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. 2011 tax prep  Internal Revenue Service 1201 N. 2011 tax prep Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. 2011 tax prep   If you have a tax question, check the information available on IRS. 2011 tax prep gov or call 1-800-829-1040. 2011 tax prep We cannot answer tax questions sent to either of the above addresses. 2011 tax prep Future Developments For the latest information about developments related to Publication 334, such as legislation enacted after it was published, go to www. 2011 tax prep irs. 2011 tax prep gov/pub334. 2011 tax prep What's New for 2013 The following are some of the tax changes for 2013. 2011 tax prep For information on other changes, go to IRS. 2011 tax prep gov. 2011 tax prep Tax rates. 2011 tax prep . 2011 tax prep  For tax years beginning in 2013, the social security part of the self-employment tax increases to 12. 2011 tax prep 4%. 2011 tax prep The Medicare part of the tax remains at 2. 2011 tax prep 9%. 2011 tax prep As a result, the self-employment tax is 15. 2011 tax prep 3%. 2011 tax prep Maximum net earnings. 2011 tax prep  The maximum net self-employment earnings subject to the social security part of the self-employment tax increases to $113,700 for 2013. 2011 tax prep There is no maximum limit on earnings subject to the Medicare part. 2011 tax prep Standard mileage rate. 2011 tax prep  For 2013, the standard mileage rate for the cost of operating your car, van, pickup, or panel truck for each mile of business use is 56. 2011 tax prep 5 cents per mile. 2011 tax prep For more information, see Car and Truck Expenses in chapter 8. 2011 tax prep Simplified method for business use of home deduction. 2011 tax prep . 2011 tax prep  The IRS now provides a simplified method to determine your expenses for business use of your home. 2011 tax prep For more information, see Business Use of Your Home in chapter 8. 2011 tax prep What's New for 2014 The following are some of the tax changes for 2014. 2011 tax prep For information on other changes, go to IRS. 2011 tax prep gov. 2011 tax prep Standard mileage rate. 2011 tax prep  For 2014, the standard mileage rate for the cost of operating your car, van, pickup, or panel truck for each mile of business use is 56 cents per mile. 2011 tax prep Self-employment tax. 2011 tax prep  The maximum net self-employment earnings subject to the social security part of the self-employment tax is $117,000 for 2014. 2011 tax prep Reminders Accounting methods. 2011 tax prep  Certain small business taxpayers may be eligible to adopt or change to the cash method of accounting and may not be required to account for inventories. 2011 tax prep For more information, see Inventories in chapter 2. 2011 tax prep Reportable transactions. 2011 tax prep  You must file Form 8886, Reportable Transaction Disclosure Statement, to report certain transactions. 2011 tax prep You may have to pay a penalty if you are required to file Form 8886 but do not do so. 2011 tax prep You may also have to pay interest and penalties on any reportable transaction understatements. 2011 tax prep Reportable transactions include: Transactions the same as or substantially similar to tax avoidance transactions identified by the IRS, Transactions offered to you under conditions of confidentiality for which you paid an advisor a minimum fee, Transactions for which you have, or a related party has, contractual protection against disallowance of the tax benefits, Transactions that result in losses of at least $2 million in any single tax year ($50,000 if from certain foreign currency transactions) or $4 million in any combination of tax years, and Transactions the same or substantially similar to one of the types of transactions the IRS has identified as a transaction of interest. 2011 tax prep For more information, see the Instructions for Form 8886. 2011 tax prep Photographs of Missing Children The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. 2011 tax prep Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. 2011 tax prep 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. 2011 tax prep Prev  Up  Next   Home   More Online Publications