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2011 Tax Tables

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2011 Tax Tables

2011 tax tables 30. 2011 tax tables   How To Figure Your Tax Table of Contents Introduction Figuring Your Tax Alternative Minimum Tax (AMT) Tax Figured by IRSFiling the Return Introduction After you have figured your income and deductions as explained in Parts One through Five, your next step is to figure your tax. 2011 tax tables This chapter discusses: The general steps you take to figure your tax, An additional tax you may have to pay called the alternative minimum tax (AMT), and The conditions you must meet if you want the IRS to figure your tax. 2011 tax tables Figuring Your Tax Your income tax is based on your taxable income. 2011 tax tables After you figure your income tax and AMT, if any, subtract your tax credits and add any other taxes you may owe. 2011 tax tables The result is your total tax. 2011 tax tables Compare your total tax with your total payments to determine whether you are entitled to a refund or if you must make a payment. 2011 tax tables This section provides a general outline of how to figure your tax. 2011 tax tables You can find step-by-step directions in the Instructions for Forms 1040EZ, 1040A, and 1040. 2011 tax tables If you are unsure of which tax form you should file, see Which Form Should I Use? in chapter 1. 2011 tax tables Tax. 2011 tax tables   Most taxpayers use either the Tax Table or the Tax Computation Worksheet to figure their income tax. 2011 tax tables However, there are special methods if your income includes any of the following items. 2011 tax tables A net capital gain. 2011 tax tables (See chapter 16. 2011 tax tables ) Qualified dividends taxed at the same rates as a net capital gain. 2011 tax tables (See chapters 8 and 16. 2011 tax tables ) Lump-sum distributions. 2011 tax tables (See chapter 10. 2011 tax tables ) Farming or fishing income. 2011 tax tables (See Schedule J (Form 1040), Income Averaging for Farmers and Fishermen. 2011 tax tables ) Unearned income over $2,000 for certain children. 2011 tax tables (See chapter 31. 2011 tax tables ) Parents' election to report child's interest and dividends. 2011 tax tables (See chapter 31. 2011 tax tables ) Foreign earned income exclusion or the housing exclusion. 2011 tax tables (See Form 2555, Foreign Earned Income, or Form 2555-EZ, Foreign Earned Income Exclusion, and the Foreign Earned Income Tax Worksheet in the Form 1040 instructions. 2011 tax tables ) Credits. 2011 tax tables   After you figure your income tax and any AMT (discussed later), determine if you are eligible for any tax credits. 2011 tax tables Eligibility information for these tax credits is discussed in chapters 32 through 37 and your form instructions. 2011 tax tables The following table lists the credits you may be able to subtract from your tax and shows where you can find more information on each credit. 2011 tax tables CREDITS For information on: See  chapter: Adoption 37 Alternative motor vehicle 37 Alternative fuel vehicle refueling  property 37 Child and dependent care 32 Child tax 34 Credit to holders of tax credit  bonds 37 Education 35 Elderly or disabled 33 Electric vehicle 37 Foreign tax 37 Mortgage interest 37 Prior year minimum tax 37 Residential energy 37 Retirement savings contributions 37   Some credits (such as the earned income credit) are not listed because they are treated as payments. 2011 tax tables See Payments , later. 2011 tax tables   There are other credits that are not discussed in this publication. 2011 tax tables These include the following credits. 2011 tax tables General business credit, which is made up of several separate business-related credits. 2011 tax tables These generally are reported on Form 3800, General Business Credit, and are discussed in chapter 4 of Publication 334, Tax Guide for Small Business. 2011 tax tables Renewable electricity, refined coal, and Indian coal production credit for electricity and refined coal produced at facilities placed in service after October 22, 2004 (after October 2, 2008, for electricity produced from marine and hydrokinetic renewables), and Indian coal produced at facilities placed in service after August 8, 2005. 2011 tax tables See Form 8835, Part II. 2011 tax tables Work opportunity credit. 2011 tax tables See Form 5884. 2011 tax tables Credit for employer social security and Medicare taxes paid on certain employee tips. 2011 tax tables See Form 8846. 2011 tax tables Other taxes. 2011 tax tables   After you subtract your tax credits, determine whether there are any other taxes you must pay. 2011 tax tables This chapter does not explain these other taxes. 2011 tax tables You can find that information in other chapters of this publication and your form instructions. 2011 tax tables See the following table for other taxes you may need to add to your income tax. 2011 tax tables OTHER TAXES For information on: See  chapter: Additional taxes on qualified retirement plans and IRAs 10, 17 Household employment taxes 32 Recapture of an education credit 35 Social security and Medicare tax on wages 5 Social security and Medicare tax on tips 6 Uncollected social security and Medicare tax on tips 6   You also may have to pay AMT (discussed later in this chapter). 2011 tax tables   There are other taxes that are not discussed in this publication. 2011 tax tables These include the following items. 2011 tax tables Self-employment tax. 2011 tax tables You must figure this tax if either of the following applies to you (or your spouse if you file a joint return). 2011 tax tables Your net earnings from self-employment from other than church employee income were $400 or more. 2011 tax tables The term “net earnings from self-employment” may include certain nonemployee compensation and other amounts reported to you on Form 1099-MISC, Miscellaneous Income. 2011 tax tables If you received a Form 1099-MISC, see the Instructions for Recipient on the back. 2011 tax tables Also see the Instructions for Schedule SE (Form 1040), Self-Employment Tax; and Publication 334, Tax Guide for Small Business. 2011 tax tables You had church employee income of $108. 2011 tax tables 28 or more. 2011 tax tables Additional Medicare Tax. 2011 tax tables Beginning in 2013, you may be subject to a 0. 2011 tax tables 9% Additional Medicare Tax that applies to Medicare wages, Railroad Retirement Act compensation, and self-employment income over a threshold based on your filing status. 2011 tax tables For more information, see the Instructions for Form 1040, line 60 and Form 8959. 2011 tax tables Net Investment Income Tax (NIIT). 2011 tax tables Beginning in 2013, you may be subject to Net Investment Income Tax (NIIT). 2011 tax tables NIIT is a 3. 2011 tax tables 8% tax on the lesser of net investment income or the excess of your modified adjusted gross income over a threshold amount. 2011 tax tables For more information, see the Instructions for Form 1040, line 60 and Form 8960. 2011 tax tables Recapture taxes. 2011 tax tables You may have to pay these taxes if you previously claimed an investment credit, a low-income housing credit, a new markets credit, a qualified plug-in electric drive motor vehicle credit, an alternative motor vehicle credit, a credit for employer-provided child care facilities, an Indian employment credit, or other credits listed in the instructions for Form 1040, line 60. 2011 tax tables For more information, see the instructions for Form 1040, line 60. 2011 tax tables Section 72(m)(5) excess benefits tax. 2011 tax tables If you are (or were) a 5% owner of a business and you received a distribution that exceeds the benefits provided for you under the qualified pension or annuity plan formula, you may have to pay this additional tax. 2011 tax tables See Tax on Excess Benefits in chapter 4 of Publication 560, Retirement Plans for Small Business. 2011 tax tables Uncollected social security and Medicare tax on group-term life insurance. 2011 tax tables If your former employer provides you with more than $50,000 of group-term life insurance coverage, you must pay the employee part of social security and Medicare taxes on those premiums. 2011 tax tables The amount should be shown in box 12 of your Form W-2 with codes M and N. 2011 tax tables Tax on golden parachute payments. 2011 tax tables This tax applies if you received an “excess parachute payment” (EPP) due to a change in a corporation's ownership or control. 2011 tax tables The amount should be shown in box 12 of your Form W-2 with code K. 2011 tax tables See the instructions for Form 1040, line 60. 2011 tax tables Tax on accumulation distribution of trusts. 2011 tax tables This applies if you are the beneficiary of a trust that accumulated its income instead of distributing it currently. 2011 tax tables See Form 4970 and its instructions. 2011 tax tables Additional tax on HSAs or MSAs. 2011 tax tables If amounts contributed to, or distributed from, your health savings account or medical savings account do not meet the rules for these accounts, you may have to pay additional taxes. 2011 tax tables See Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans; Form 8853, Archer MSAs and Long-Term Care Insurance Contracts; Form 8889, Health Savings Accounts (HSAs); and Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts. 2011 tax tables Additional tax on Coverdell ESAs. 2011 tax tables This applies if amounts contributed to, or distributed from, your Coverdell ESA do not meet the rules for these accounts. 2011 tax tables See Publication 970, Tax Benefits for Education, and Form 5329. 2011 tax tables Additional tax on qualified tuition programs. 2011 tax tables This applies to amounts distributed from qualified tuition programs that do not meet the rules for these accounts. 2011 tax tables See Publication 970 and Form 5329. 2011 tax tables Excise tax on insider stock compensation from an expatriated corporation. 2011 tax tables You may owe a 15% excise tax on the value of nonstatutory stock options and certain other stock-based compensation held by you or a member of your family from an expatriated corporation or its expanded affiliated group in which you were an officer, director, or more-than-10% owner. 2011 tax tables For more information, see the instructions for Form 1040, line 60. 2011 tax tables Additional tax on income you received from a nonqualified deferred compensation plan that fails to meet certain requirements. 2011 tax tables This income should be shown in Form W-2, box 12, with code Z, or in Form 1099-MISC, box 15b. 2011 tax tables For more information, see the instructions for Form 1040, line 60. 2011 tax tables Interest on the tax due on installment income from the sale of certain residential lots and timeshares. 2011 tax tables For more information, see the instructions for Form 1040, line 60. 2011 tax tables Interest on the deferred tax on gain from certain installment sales with a sales price over $150,000. 2011 tax tables For more information, see the instructions for Form 1040, line 60. 2011 tax tables Repayment of first-time homebuyer credit. 2011 tax tables For more information, see Form 5405, Repayment of the First-Time Homebuyer Credit, and its instructions. 2011 tax tables Also see the instructions for Form 1040, line 59b. 2011 tax tables Payments. 2011 tax tables   After you determine your total tax, figure the total payments you have already made for the year. 2011 tax tables Include credits that are treated as payments. 2011 tax tables This chapter does not explain these payments and credits. 2011 tax tables You can find that information in other chapters of this publication and your form instructions. 2011 tax tables See the following table for amounts you can include in your total payments. 2011 tax tables PAYMENTS For information on: See  chapter: Child tax credit (additional) 34 Earned income credit 36 Estimated tax paid 4 Excess social security   and RRTA tax withheld 37 Federal income tax withheld 4 Health coverage tax credit 37 Credit for tax on   undistributed capital gain 37 Tax paid with extension 1   Another credit that is treated as a payment is the credit for federal excise tax paid on fuels. 2011 tax tables This credit is for persons who have a nontaxable use of certain fuels, such as diesel fuel and kerosene. 2011 tax tables It is claimed on Form 1040, line 70. 2011 tax tables See Form 4136, Credit for Federal Tax Paid on Fuels. 2011 tax tables Refund or balance due. 2011 tax tables   To determine whether you are entitled to a refund or whether you must make a payment, compare your total payments with your total tax. 2011 tax tables If you are entitled to a refund, see your form instructions for information on having it directly deposited into one or more of your accounts, or to purchase U. 2011 tax tables S. 2011 tax tables savings bonds instead of receiving a paper check. 2011 tax tables Alternative Minimum Tax (AMT) This section briefly discusses an additional tax you may have to pay. 2011 tax tables The tax law gives special treatment to some kinds of income and allows special deductions and credits for some kinds of expenses. 2011 tax tables Taxpayers who benefit from this special treatment may have to pay at least a minimum amount of tax through an additional tax called AMT. 2011 tax tables You may have to pay the AMT if your taxable income for regular tax purposes, combined with certain adjustments and tax preference items, is more than a certain amount. 2011 tax tables See Form 6251, Alternative Minimum Tax — Individuals. 2011 tax tables Adjustments and tax preference items. 2011 tax tables   The more common adjustments and tax preference items include: Addition of personal exemptions, Addition of the standard deduction (if claimed), Addition of itemized deductions claimed for state and local taxes, certain interest, most miscellaneous deductions, and part of medical expenses, Subtraction of any refund of state and local taxes included in gross income, Changes to accelerated depreciation of certain property, Difference between gain or loss on the sale of property reported for regular tax purposes and AMT purposes, Addition of certain income from incentive stock options, Change in certain passive activity loss deductions, Addition of certain depletion that is more than the adjusted basis of the property, Addition of part of the deduction for certain intangible drilling costs, and Addition of tax-exempt interest on certain private activity bonds. 2011 tax tables More information. 2011 tax tables   For more information about the AMT, see the instructions for Form 6251. 2011 tax tables Tax Figured by IRS If you file by April 15, 2014, you can have the IRS figure your tax for you on Form 1040EZ, Form 1040A, or Form 1040. 2011 tax tables If the IRS figures your tax and you paid too much, you will receive a refund. 2011 tax tables If you did not pay enough, you will receive a bill for the balance. 2011 tax tables To avoid interest or the penalty for late payment, you must pay the bill within 30 days of the date of the bill or by the due date for your return, whichever is later. 2011 tax tables The IRS can also figure the credit for the elderly or the disabled and the earned income credit for you. 2011 tax tables When the IRS cannot figure your tax. 2011 tax tables   The IRS cannot figure your tax for you if any of the following apply. 2011 tax tables You want your refund directly deposited into your accounts. 2011 tax tables You want any part of your refund applied to your 2014 estimated tax. 2011 tax tables You had income for the year from sources other than wages, salaries, tips, interest, dividends, taxable social security benefits, unemployment compensation, IRA distributions, pensions, and annuities. 2011 tax tables Your taxable income is $100,000 or more. 2011 tax tables You itemize deductions. 2011 tax tables You file any of the following forms. 2011 tax tables Form 2555, Foreign Earned Income. 2011 tax tables Form 2555-EZ, Foreign Earned Income Exclusion. 2011 tax tables Form 4137, Social Security and Medicare Tax on Unreported Tip Income. 2011 tax tables Form 4970, Tax on Accumulation Distribution of Trusts. 2011 tax tables Form 4972, Tax on Lump-Sum Distributions. 2011 tax tables Form 6198, At-Risk Limitations. 2011 tax tables Form 6251, Alternative Minimum Tax—Individuals. 2011 tax tables Form 8606, Nondeductible IRAs. 2011 tax tables Form 8615, Tax for Certain Children Who Have Unearned Income. 2011 tax tables Form 8814, Parents' Election To Report Child's Interest and Dividends. 2011 tax tables Form 8839, Qualified Adoption Expenses. 2011 tax tables Form 8853, Archer MSAs and Long-Term Care Insurance Contracts. 2011 tax tables Form 8889, Health Savings Accounts (HSAs). 2011 tax tables Form 8919, Uncollected Social Security and Medicare Tax on Wages. 2011 tax tables Filing the Return After you complete the line entries for the tax form you are filing, fill in your name and address. 2011 tax tables Enter your social security number in the space provided. 2011 tax tables If you are married, enter the social security numbers of you and your spouse even if you file separately. 2011 tax tables Sign and date your return and enter your occupation(s). 2011 tax tables If you are filing a joint return, both you and your spouse must sign it. 2011 tax tables Enter your daytime phone number in the space provided. 2011 tax tables This may help speed the processing of your return if we have a question that can be answered over the phone. 2011 tax tables If you are filing a joint return, you may enter either your or your spouse's daytime phone number. 2011 tax tables If you want to allow a friend, family member, or any other person you choose to discuss your 2013 tax return with the IRS, check the “Yes” box in the “Third party designee” area on your return. 2011 tax tables Also enter the designee's name, phone number, and any five digits the designee chooses as his or her personal identification number (PIN). 2011 tax tables If you check the “Yes” box, you, and your spouse if filing a joint return, are authorizing the IRS to call the designee to answer any questions that may arise during the processing of your return. 2011 tax tables Fill in and attach any schedules and forms asked for on the lines you completed to your paper return. 2011 tax tables Attach a copy of each of your Forms W-2 to your paper return. 2011 tax tables Also attach to your paper return any Form 1099-R you received that has withholding tax in box 4. 2011 tax tables Mail your return to the Internal Revenue Service Center for the area where you live. 2011 tax tables A list of Service Center addresses is in the instructions for your tax return. 2011 tax tables Form 1040EZ Line Entries Read lines 1 through 8b and fill in the lines that apply to you. 2011 tax tables Do not complete lines 9 through 12. 2011 tax tables If you are filing a joint return, use the space to the left of line 6 to separately show your taxable income and your spouse's taxable income. 2011 tax tables Payments. 2011 tax tables   Enter any federal income tax withheld on line 7. 2011 tax tables Federal income tax withheld is shown on Form W-2, box 2, or Form 1099, box 4. 2011 tax tables Earned income credit. 2011 tax tables   If you can take this credit, as discussed in chapter 36, the IRS can figure it for you. 2011 tax tables Enter “EIC” in the space to the left of line 8a. 2011 tax tables Enter the nontaxable combat pay you elect to include in earned income on line 8b. 2011 tax tables   If your credit for any year after 1996 was reduced or disallowed by the IRS, you may also have to file Form 8862, Information To Claim Earned Income Credit After Disallowance, with your return. 2011 tax tables For details, see the Form 1040EZ Instructions. 2011 tax tables Form 1040A Line Entries Read lines 1 through 27 and fill in the lines that apply to you. 2011 tax tables If you are filing a joint return, use the space to the left of the entry space for line 27 to separately show your taxable income and your spouse's taxable income. 2011 tax tables Do not complete line 28. 2011 tax tables Complete lines 29 through 33 and 36 through 40 if they apply to you. 2011 tax tables However, do not fill in lines 30 and 38a if you want the IRS to figure the credits shown on those lines. 2011 tax tables Also, enter any write-in information that applies to you in the space to the left of line 41. 2011 tax tables Do not complete lines 34, 35, and 42 through 46. 2011 tax tables Payments. 2011 tax tables   Enter any federal income tax withheld that is shown on Form W-2, box 2, or Form 1099, box 4, on line 36. 2011 tax tables Enter any estimated tax payments you made on line 37. 2011 tax tables Credit for child and dependent care expenses. 2011 tax tables   If you can take this credit, as discussed in chapter 32, complete Form 2441, Child and Dependent Care Expenses, and attach it to your return. 2011 tax tables Enter the amount of the credit on line 29. 2011 tax tables The IRS will not figure this credit. 2011 tax tables Credit for the elderly or the disabled. 2011 tax tables   If you can take this credit, as discussed in chapter 33, the IRS can figure it for you. 2011 tax tables Enter “CFE” in the space to the left of line 30 and attach Schedule R (Form 1040A or 1040), Credit for the Elderly or the Disabled, to your paper return. 2011 tax tables On Schedule R (Form 1040A or 1040), check the box in Part I for your filing status and age. 2011 tax tables Complete Part II and Part III, lines 11 and 13, if they apply. 2011 tax tables Earned income credit. 2011 tax tables   If you can take this credit, as discussed in chapter 36, the IRS can figure it for you. 2011 tax tables Enter “EIC” to the left of the entry space for line 38a. 2011 tax tables Enter the nontaxable combat pay you elect to include in earned income on line 38b. 2011 tax tables    If you have a qualifying child, you must fill in Schedule EIC (Form 1040A or 1040), Earned Income Credit, and attach it to your paper return. 2011 tax tables If you do not provide the child's social security number on Schedule EIC, line 2, the credit will be reduced or disallowed unless the child was born and died in 2013. 2011 tax tables   If your credit for any year after 1996 was reduced or disallowed by the IRS, you may also have to file Form 8862 with your return. 2011 tax tables For details, see the Form 1040A Instructions. 2011 tax tables Form 1040 Line Entries Read lines 1 through 43 and fill in the lines that apply to you. 2011 tax tables Do not complete line 44. 2011 tax tables If you are filing a joint return, use the space under the words “Adjusted Gross Income” on the front of your return to separately show your taxable income and your spouse's taxable income. 2011 tax tables Read lines 45 through 71. 2011 tax tables Fill in the lines that apply to you, but do not fill in lines 54, 61, and 72. 2011 tax tables Also, do not complete line 55 and lines 73 through 77. 2011 tax tables Do not fill in line 53, box “c,” if you are completing Schedule R (Form 1040A or 1040), or line 64a if you want the IRS to figure the credits shown on those lines. 2011 tax tables Payments. 2011 tax tables   Enter any federal income tax withheld that is shown on Form W-2, box 2, or Form 1099, box 4, on line 62. 2011 tax tables Enter any estimated tax payments you made on line 63. 2011 tax tables Credit for child and dependent care expenses. 2011 tax tables   If you can take this credit, as discussed in chapter 32, complete Form 2441 and attach it to your paper return. 2011 tax tables Enter the amount of the credit on line 48. 2011 tax tables The IRS will not figure this credit. 2011 tax tables Credit for the elderly or the disabled. 2011 tax tables   If you can take this credit, as discussed in chapter 33, the IRS can figure it for you. 2011 tax tables Enter “CFE” on the line next to line 53, check box “c,” and attach Schedule R (Form 1040A or 1040) to your paper return. 2011 tax tables On Schedule R (Form 1040A or 1040), check the box in Part I for your filing status and age. 2011 tax tables Complete Part II and Part III, lines 11 and 13, if they apply. 2011 tax tables Earned income credit. 2011 tax tables   If you can take this credit, as discussed in chapter 36, the IRS can figure it for you. 2011 tax tables Enter “EIC” on the dotted line next to Form 1040, line 64a. 2011 tax tables Enter the nontaxable combat pay you elect to include in earned income on line 64b. 2011 tax tables   If you have a qualifying child, you must fill in Schedule EIC (Form 1040A or 1040), Earned Income Credit, and attach it to your paper return. 2011 tax tables If you do not provide the child's social security number on Schedule EIC, line 2, the credit will be reduced or disallowed unless the child was born and died in 2013. 2011 tax tables   If your credit for any year after 1996 was reduced or disallowed by the IRS, you may also have to file Form 8862 with your return. 2011 tax tables For details, see the Form 1040 Instructions. 2011 tax tables Prev  Up  Next   Home   More Online Publications
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Tax Relief for Victims of May 25 Flooding in Iowa

MIL-2011-07, Oct. 19, 2011

MILWAUKEE — Victims of the flooding that began on May 25, 2011 in parts of Iowa may qualify for tax relief from the Internal Revenue Service.

The President has declared the following counties a federal disaster area: Fremont, Harrison, Mills, Monona and Pottawattamie. Individuals who reside or have a business in these counties may qualify for tax relief.

The declaration permits the IRS to postpone certain deadlines for taxpayers who reside or have a business in the disaster area. For instance, certain deadlines falling on or after May 25, and on or before Aug. 1, have been postponed to Aug. 1, 2011.
In addition, the IRS is waiving the failure-to-deposit penalties for employment and excise tax deposits due on or after May 25, and on or before June 9, as long as the deposits are made by June 9, 2011.

If an affected taxpayer receives a penalty notice from the IRS, the taxpayer should call the telephone number on the notice to have the IRS abate any interest and any late filing or late payment penalties that would otherwise apply. Penalties or interest will be abated only for taxpayers who have an original or extended filing, payment or deposit due date, including an extended filing or payment due date, that falls within the postponement period.

The IRS automatically identifies taxpayers located in the covered disaster area and applies automatic filing and payment relief. But affected taxpayers who reside or have a business located outside the covered disaster area must call the IRS disaster hotline at 1-866-562-5227 to request this tax relief.

Covered Disaster Area

The counties listed above constitute a covered disaster area for purposes of Treas. Reg. § 301.7508A-1(d)(2) and are entitled to the relief detailed below.

Affected Taxpayers

Taxpayers considered to be affected taxpayers eligible for the postponement of time to file returns, pay taxes and perform other time-sensitive acts are those taxpayers listed in Treas. Reg. § 301.7508A-1(d)(1), and include individuals who live, and businesses whose principal place of business is located, in the covered disaster area. Taxpayers not in the covered disaster area, but whose records necessary to meet a deadline listed in Treas. Reg. § 301.7508A-1(c) are in the covered disaster area, are also entitled to relief. In addition, all relief workers affiliated with a recognized government or philanthropic organization assisting in the relief activities in the covered disaster area and any individual visiting the covered disaster area who was killed or injured as a result of the disaster are entitled to relief.

Grant of Relief

Under section 7508A, the IRS gives affected taxpayers until Aug. 1 to file most tax returns (including individual, corporate, and estate and trust income tax returns; partnership returns, S corporation returns, and trust returns; estate, gift, and generation-skipping transfer tax returns; and employment and certain excise tax returns), or to make tax payments, including estimated tax payments, that have either an original or extended due date occurring on or after May 25 and on or before Aug. 1.

The IRS also gives affected taxpayers until Aug. 1 to perform other time-sensitive actions described in Treas. Reg. § 301.7508A-1(c)(1) and Rev. Proc. 2007-56, 2007-34 I.R.B. 388 (Aug. 20, 2007), that are due to be performed on or after May 25 and on or before Aug. 1.

This relief also includes the filing of Form 5500 series returns, in the manner described in section 8 of Rev. Proc. 2007-56. The relief described in section 17 of Rev. Proc. 2007-56, pertaining to like-kind exchanges of property, also applies to certain taxpayers who are not otherwise affected taxpayers and may include acts required to be performed before or after the period above.

The postponement of time to file and pay does not apply to information returns in the W-2, 1098, 1099 series, or to Forms 1042-S or 8027. Penalties for failure to timely file information returns can be waived under existing procedures for reasonable cause. Likewise, the postponement does not apply to employment and excise tax deposits. The IRS, however, will abate penalties for failure to make timely employment and excise tax deposits due on or after May 25 and on or before June 9 provided the taxpayer makes these deposits by June 9.

Casualty Losses

Affected taxpayers in a federally declared disaster area have the option of claiming disaster-related casualty losses on their federal income tax return for either this year or last year. Claiming the loss on an original or amended return for last year will get the taxpayer an earlier refund, but waiting to claim the loss on this year’s return could result in a greater tax saving, depending on other income factors.

Individuals may deduct personal property losses that are not covered by insurance or other reimbursements. For details, see Form 4684 and its instructions.

Affected taxpayers claiming the disaster loss on last year’s return should put the Disaster Designation “Iowa/Flooding” at the top of the form so that the IRS can expedite the processing of the refund.

Other Relief

The IRS will waive the usual fees and expedite requests for copies of previously filed tax returns for affected taxpayers. Taxpayers should put the assigned Disaster Designation in red ink at the top of Form 4506, Request for Copy of Tax Return, or Form 4506-T, Request for Transcript of Tax Return, as appropriate, and submit it to the IRS.

Affected taxpayers who are contacted by the IRS on a collection or examination matter should explain how the disaster impacts them so that the IRS can provide appropriate consideration to their case.

Taxpayers may download forms and publications from the official IRS website, irs.gov, or order them by calling 1-800-TAX-FORM (1-800-829-3676). The IRS toll-free number for general tax questions is 1-800-829-1040.

Related Information

Page Last Reviewed or Updated: 13-Mar-2014

The 2011 Tax Tables

2011 tax tables Publication 4492-A - Main Contents Table of Contents DefinitionsKansas Disaster Area Storms and Tornadoes Casualty and Theft Losses Replacement Period for Nonrecognition of Gain Net Operating Losses IRAs and Other Retirement PlansDefinitions Taxation of Qualified Recovery Assistance Distributions Repayment of Qualified Recovery Assistance Distributions How To Report Qualified Recovery Assistance Distributions Repayment of Qualified Distributions for the Purchase or Construction of a Main Home Loans From Qualified Plans Additional Tax Relief for BusinessesSpecial Depreciation Allowance Increased Section 179 Deduction Employee Retention Credit Demolition and Clean-up Costs Request for Copy or Transcript of Tax Return How To Get Tax HelpLow Income Taxpayer Clinics (LITCs). 2011 tax tables Definitions The following definitions are used throughout this publication. 2011 tax tables Kansas Disaster Area The Kansas disaster area covers the Kansas counties of Barton, Clay, Cloud, Comanche, Dickinson, Edwards, Ellsworth, Kiowa, Leavenworth, Lyon, McPherson, Osage, Osborne, Ottawa, Phillips, Pottawatomie, Pratt, Reno, Rice, Riley, Saline, Shawnee, Smith, and Stafford. 2011 tax tables Storms and Tornadoes The term “storms and tornadoes” as used in this publication, refers to the storms and tornadoes that began on May 4, 2007, and affected the Kansas disaster area (defined above). 2011 tax tables Casualty and Theft Losses The following paragraphs explain changes to casualty and theft losses that occurred in the Kansas disaster area. 2011 tax tables Limits on personal casualty or theft losses in the Kansas disaster area. 2011 tax tables   Losses of personal use property that arose in the Kansas disaster area after May 3, 2007, are not subject to the $100 or 10% of adjusted gross income limits. 2011 tax tables Qualifying losses include losses from casualties and thefts that arose in the disaster area and that were attributable to the storms and tornadoes. 2011 tax tables When to deduct the loss. 2011 tax tables   Casualty and theft losses are generally deductible only in the year the casualty occurred or the theft was discovered. 2011 tax tables However, the Kansas disaster area is a Presidentially declared disaster. 2011 tax tables Therefore, you could have elected to deduct losses from these storms and tornadoes on your tax return for the previous year. 2011 tax tables The deadline for making this election has expired. 2011 tax tables   The following special instructions explain how to complete your forms if you deduct the loss in 2007 or elected to deduct the loss in 2006. 2011 tax tables Special instructions for individuals who file Form 4684 to claim a Kansas disaster area casualty or theft loss for 2007 or are amending their 2006 return. 2011 tax tables   Individuals filing or amending their 2007 tax return or amending their 2006 tax return for casualty or theft losses that were attributable to the storms and tornadoes should enter “Kansas Disaster Area” at the top of Form 1040 or 1040X. 2011 tax tables They must also complete and attach the 2006 version of Form 4684 for either year and enter “Kansas Disaster Area” on the top and on the dotted line next to line 11 and enter -0- on line 11. 2011 tax tables Individuals filing or amending their 2007 tax return should cross out “2006” and enter “2007” at the top of Form 4684. 2011 tax tables They must also enter the amount from line 21 of that form on line 20 of Schedule A (Form 1040). 2011 tax tables Replacement Period for Nonrecognition of Gain Generally, an involuntary conversion occurs when property is damaged, destroyed, stolen, seized, requisitioned, or condemned, and you receive other property or money in payment, such as insurance or a condemnation award. 2011 tax tables Generally, you do not have to report a gain (if any) if you replace the property within 2 years (4 years for a main home in a Presidentially declared disaster area). 2011 tax tables However, for property that was involuntarily converted after May 3, 2007, as a result of the storms and tornadoes, a 5-year replacement period applies if substantially all of the use of the replacement property is in the Kansas disaster area. 2011 tax tables For more information, see the Instructions for Form 4684. 2011 tax tables Net Operating Losses Qualified recovery assistance loss. 2011 tax tables   Generally, you can carry a net operating loss (NOL) back to the 2 tax years before the NOL year. 2011 tax tables However, the portion of an NOL that is a qualified recovery assistance loss can be carried back to the 5 tax years before the NOL year. 2011 tax tables In addition, the 90% limit on the alternative tax NOL deduction (ATNOLD) does not apply to such portion of the ATNOLD. 2011 tax tables   A qualified recovery assistance loss is the smaller of: The excess of the NOL for the year over the specified liability loss for the year to which a 10-year carryback applies, or The total of the following deductions (to the extent they are taken into account in computing the NOL for the tax year): Qualified recovery assistance casualty loss (as defined below), Moving expenses paid or incurred after May 3, 2007, and before January 1, 2010, for the employment of an individual whose main home was in the Kansas disaster area before May 4, 2007, who was unable to remain in that home because of the storms and tornadoes, and whose main job location (after the move) is in the Kansas disaster area, Temporary housing expenses paid or incurred after May 3, 2007, and before January 1, 2010, to house employees of the taxpayer whose main job location is in the Kansas disaster area, Depreciation or amortization allowable for any qualified recovery assistance property (even if you elected not to claim the special recovery assistance depreciation allowance for such property) for the year placed in service, and Repair expenses (including expenses for the removal of debris) paid or incurred after May 3, 2007, and before January 1, 2010, for any damage from the storms and tornadoes to property located in the Kansas disaster area. 2011 tax tables Qualified recovery assistance casualty loss. 2011 tax tables   A qualified recovery assistance casualty loss is any deductible section 1231 loss of property located in the Kansas disaster area if the loss was caused by the storms and tornadoes. 2011 tax tables For this purpose, the amount of the loss is reduced by any recognized gain from an involuntary conversion caused by the storms and tornadoes of property located in the Kansas disaster area. 2011 tax tables Any such loss taken into account in figuring your qualified recovery assistance loss is not eligible for the election to be treated as having occurred in the previous tax year. 2011 tax tables Amended return. 2011 tax tables   If you have already filed your 2007 tax return and then carried your NOL back 2 years, you may file an amended return to carry back for 5 years your NOL attributable to a qualified recovery assistance loss. 2011 tax tables More information. 2011 tax tables    For more information on NOLs, see Publication 536. 2011 tax tables IRAs and Other Retirement Plans New rules provide for tax-favored withdrawals, repayments, and loans from certain retirement plans for individuals who suffered economic losses as a result of the storms and tornadoes. 2011 tax tables Definitions Qualified recovery assistance distribution. 2011 tax tables   Except as provided below, a qualified recovery assistance distribution is any distribution you received and designated as such from an eligible retirement plan if all of the following apply. 2011 tax tables The distribution was made after May 3, 2007, and before January 1, 2009. 2011 tax tables Your main home was located in the Kansas disaster area on May 4, 2007. 2011 tax tables You sustained an economic loss because of the storms and tornadoes. 2011 tax tables Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. 2011 tax tables   If (1) through (3) above apply, you can generally designate any distribution (including periodic payments and required minimum distributions) from an eligible retirement plan as a qualified recovery assistance distribution, regardless of whether the distribution was made on account of the storms and tornadoes. 2011 tax tables Qualified recovery assistance distributions are permitted without regard to your need or the actual amount of your economic loss. 2011 tax tables   The total of your qualified recovery assistance distributions from all plans is limited to $100,000. 2011 tax tables If you have distributions in excess of $100,000 from more than one type of plan, such as a 401(k) plan and an IRA, you may allocate the $100,000 limit among the plans any way you choose. 2011 tax tables   A reduction or offset after May 3, 2007, of your account balance in an eligible retirement plan in order to repay a loan can also be designated as a qualified recovery assistance distribution. 2011 tax tables Eligible retirement plan. 2011 tax tables   An eligible retirement plan can be any of the following. 2011 tax tables A qualified pension, profit-sharing, or stock bonus plan (including a 401(k) plan). 2011 tax tables A qualified annuity plan. 2011 tax tables A tax-sheltered annuity contract. 2011 tax tables A governmental section 457 deferred compensation plan. 2011 tax tables A traditional, SEP, SIMPLE, or Roth IRA. 2011 tax tables Main home. 2011 tax tables   Generally, your main home is the home where you live most of the time. 2011 tax tables A temporary absence due to special circumstances, such as illness, education, business, military service, evacuation, or vacation, will not change your main home. 2011 tax tables Taxation of Qualified Recovery Assistance Distributions Qualified recovery assistance distributions are included in income in equal amounts over three years. 2011 tax tables However, if you elect, you can include the entire distribution in your income in the year it was received. 2011 tax tables Qualified recovery assistance distributions are not subject to the additional 10% tax (or the additional 25% tax for certain distributions from SIMPLE IRAs) on early distributions from qualified retirement plans (including IRAs). 2011 tax tables However, any distributions you receive in excess of the $100,000 qualified recovery assistance distribution limit may be subject to the additional tax on early distributions. 2011 tax tables For more information, see How To Report Qualified Recovery Assistance Distributions on page 4. 2011 tax tables Repayment of Qualified Recovery Assistance Distributions If you choose, you generally can repay any portion of a qualified recovery assistance distribution that is eligible for tax-free rollover treatment to an eligible retirement plan. 2011 tax tables Also, you can repay a qualified recovery assistance distribution made on account of a hardship from a retirement plan. 2011 tax tables However, see Exceptions below for qualified recovery assistance distributions you cannot repay. 2011 tax tables You have three years from the day after the date you received the distribution to make a repayment. 2011 tax tables Amounts that are repaid are treated as a qualified rollover and are not included in income. 2011 tax tables Also, for purposes of the one-rollover-per-year limitation for IRAs, a repayment to an IRA is not considered a qualified rollover. 2011 tax tables See Form 8915 for more information on how to report repayments. 2011 tax tables Exceptions. 2011 tax tables   You cannot repay the following types of distributions. 2011 tax tables Qualified recovery assistance distributions received as a beneficiary (other than a surviving spouse). 2011 tax tables Required minimum distributions. 2011 tax tables Periodic payments (other than from an IRA) that are for: A period of 10 years or more, Your life or life expectancy, or The joint lives or joint life expectancies of you and your beneficiary. 2011 tax tables How To Report Qualified Recovery Assistance Distributions You will need the following information to correctly report any 2007 or 2008 qualified recovery assistance distributions. 2011 tax tables 2007 Qualified Recovery Assistance Distributions If you received a distribution after May 3, 2007, from an eligible retirement plan, you may be able to designate it as a qualified recovery assistance distribution. 2011 tax tables See Qualified recovery assistance distribution on page 3. 2011 tax tables If you have not filed your 2007 income tax return, see Form 8915 and Form 8606 on this page to see how to complete these forms for any qualified recovery assistance distributions. 2011 tax tables Be sure to attach Form 8915 and Form 8606 (if required) to your 2007 income tax return. 2011 tax tables If you have filed your 2007 income tax return, you will need to amend your return to designate any distributions as qualified recovery assistance distributions. 2011 tax tables You can amend your 2007 income tax return by using Form 1040X. 2011 tax tables You will need to complete and attach Form 8915 and Form 8606 (if required) to your amended income tax return for any qualified recovery assistance distributions. 2011 tax tables See Form 8915 and Form 8606 on this page. 2011 tax tables Form 8915. 2011 tax tables   For a 2007 qualified recovery assistance distribution, complete the 2005 Form 8915, Qualified Hurricane Retirement Plan Distributions and Repayments. 2011 tax tables Before you complete the form, modify the form as follows. 2011 tax tables Cross out “Hurricane” in the title at the top of the form and enter “Recovery Assistance. 2011 tax tables ” To the right of the title, cross out “2005” and enter “2007. 2011 tax tables ” In Part I, at the top of column (a), cross out “2005” and enter “2007. 2011 tax tables ” In Part II, cross out “Hurricane” in the title and enter “Recovery Assistance. 2011 tax tables ” On lines 10 and 11, cross out “2005” and enter “2007. 2011 tax tables ” In Part III, cross out “Hurricane” in the title and enter “Recovery Assistance. 2011 tax tables ” On line 12, cross out “hurricane” and enter “recovery assistance. 2011 tax tables ” On lines 13 and 14, cross out “line 15b” and “line 25b. 2011 tax tables ” On lines 18 and 19, cross out “2005” and enter “2007. 2011 tax tables ”   You can now complete Form 8915. 2011 tax tables For the instructions, use the applicable dates and terms in this publication instead of those used in the 2005 Form 8915 instructions. 2011 tax tables See Example 1 on page 5 to see how to complete Form 8915. 2011 tax tables Form 8606. 2011 tax tables   For a 2007 qualified recovery assistance distribution, complete or amend the 2007 Form 8606, Nondeductible IRAs. 2011 tax tables Before you complete or amend the form, use the following additional instructions. 2011 tax tables Form 8606, Part I. 2011 tax tables    On line 6, subtract any repayments of qualified recovery assistance distributions from the amount you would otherwise enter on line 6. 2011 tax tables Do not enter an amount less than -0-. 2011 tax tables Include on line 7 the amount of any qualified recovery assistance distributions that you received even if they were later repaid. 2011 tax tables Complete line 15 as follows. 2011 tax tables If all of your distributions are qualified recovery assistance distributions, enter the amount from line 15 on Form 8915, line 13. 2011 tax tables Do not enter this amount on Form 1040, line 15b; Form 1040A, line 11b; or Form 1040NR, line 16b. 2011 tax tables If you have qualified recovery assistance distributions as well as other distributions, you will need to multiply the amount on line 15 by a fraction. 2011 tax tables The numerator of the fraction is your total qualified recovery assistance distributions and the denominator is the amount from Form 8606, line 7. 2011 tax tables Enter the result in the white space in the bottom margin of the form under line 15. 2011 tax tables To the left of this amount, enter “Qualified recovery assistance distributions” and also enter this amount on Form 8915, line 13. 2011 tax tables Then, subtract this amount from the amount on line 15 and include the result on Form 1040, line 15b; Form 1040A, line 11b; or Form 1040NR, line 16b. 2011 tax tables Also, enter this amount on Form 8606 under your qualified recovery assistance distributions. 2011 tax tables To the left of this amount, enter “Other distributions. 2011 tax tables ” Form 8606, Part III. 2011 tax tables    Include on line 19 the amount of any qualified recovery assistance distributions that you received even if they were later repaid. 2011 tax tables Complete line 25 as follows. 2011 tax tables If all of your distributions are qualified recovery assistance distributions, enter the amount from line 25 on Form 8915, line 14. 2011 tax tables Do not enter this amount on Form 1040, line 15b; Form 1040A, line 11b; or Form 1040NR, line 16b. 2011 tax tables If you have qualified recovery assistance distributions as well as other distributions, you will need to multiply the amount on line 25 by a fraction. 2011 tax tables The numerator of the fraction is your total qualified recovery assistance distributions and the denominator is the amount from Form 8606, line 21. 2011 tax tables Enter the result in the white space in the bottom margin of the form under line 25. 2011 tax tables To the left of this amount, enter “Qualified recovery assistance distributions” and also enter this amount on Form 8915, line 14. 2011 tax tables Then, subtract this amount from the amount on line 25 and include the result on Form 1040, line 15b; Form 1040A, line 11b; or Form 1040NR, line 16b. 2011 tax tables Also, enter this amount on Form 8606 under your qualified recovery assistance distributions. 2011 tax tables To the left of this amount, enter “Other distributions. 2011 tax tables ” Example 1. 2011 tax tables   On May 4, 2007, Margaret Maple lost her home due to the tornadoes on that day. 2011 tax tables Her home was located in the Kansas disaster area. 2011 tax tables On July 31, 2007, Margaret took out $30,000 from her 401(k) plan and an additional $15,000 from her traditional IRA in order to rebuild her home. 2011 tax tables Margaret has not filed her 2007 return yet but would like to designate the $45,000 in distributions from her retirement plans as qualified recovery assistance distributions. 2011 tax tables Since the distributions occurred in 2007, Margaret would modify and complete the 2005 Form 8915 as discussed on page 4. 2011 tax tables Margaret would also need to complete Form 8606 since her distribution from her traditional IRA has nondeductible contributions from previous years. 2011 tax tables   In addition to the $15,000 qualified recovery assistance distribution on July 31, 2007, Margaret received an additional distribution of $15,000 from her traditional IRA on October 31, 2007, that she did not designate as a qualified recovery assistance distribution. 2011 tax tables Because Margaret has a qualified recovery assistance distribution as well as a distribution not so designated, Margaret must allocate the amount on Form 8606, line 15 to both distributions, as discussed earlier. 2011 tax tables Margaret's qualified recovery assistance distributions are $13,125 ($26,250 × $15,000 ÷ $30,000). 2011 tax tables Margaret enters in the white space in the bottom margin of Form 8606, the following, “Qualified recovery assistance distributions $13,125. 2011 tax tables ” This amount is then reported on Form 8915, line 13. 2011 tax tables Below this entry, Margaret enters “Other distributions $13,125,” and includes this amount on Form 1040, line 15b. 2011 tax tables See Margaret's modified 2005 Form 8915 and 2007 Form 8606 shown on pages 6 through 8. 2011 tax tables This image is too large to be displayed in the current screen. 2011 tax tables Please click the link to view the image. 2011 tax tables 2005 Form 8915, page 1, Illustrated Example 1. 2011 tax tables This image is too large to be displayed in the current screen. 2011 tax tables Please click the link to view the image. 2011 tax tables 2005 Form 8915, page 2, Illustrated Example 1 This image is too large to be displayed in the current screen. 2011 tax tables Please click the link to view the image. 2011 tax tables Form 8606, page 1, Illustrated Example 1 2008 Qualified Recovery Assistance Distributions If you received a distribution in 2008 from an eligible retirement plan, you may be able to designate it as a qualified recovery assistance distribution. 2011 tax tables See Qualified recovery assistance distribution on page 3. 2011 tax tables You will need to complete and attach Form 8915 and Form 8606 (if required) to your 2008 income tax return for any qualified recovery assistance distributions. 2011 tax tables See Form 8915 and Form 8606 below. 2011 tax tables Form 8915. 2011 tax tables   For a 2008 qualified recovery assistance distribution, you will need to complete the 2006 Form 8915. 2011 tax tables Before you complete the form, modify the form as follows. 2011 tax tables Cross out “Hurricane” in the title at the top of the form and enter “Recovery Assistance. 2011 tax tables ” To the right of the title, cross out “2006” and enter “2008. 2011 tax tables ” In the first sentence of Part I and on line 1, cross out “hurricane” and enter “recovery assistance,” cross out “2006” and enter “2008,” and cross out “2005” and enter “2007. 2011 tax tables ” At the top of column (a) cross out “2006” and enter “2008. 2011 tax tables ” In Part II, cross out “Hurricane” in the title and enter “Recovery Assistance. 2011 tax tables ” On lines 12, 14, and 15, cross out “2005” and enter “2007. 2011 tax tables ” On lines 17 and 19, cross out “2006” and enter “2008. 2011 tax tables ” In Part III, cross out “Hurricane” in the title and enter “Recovery Assistance. 2011 tax tables ” On line 21, cross out “hurricane” and enter “recovery assistance. 2011 tax tables ” On lines 22 and 23, cross out “line 15b” and “line 25b. 2011 tax tables ” On lines 27, 29, and 30, cross out “2005” and enter “2007. 2011 tax tables ” On lines 32 and 34, cross out “2006” and enter “2008. 2011 tax tables ”   You can now complete Form 8915. 2011 tax tables For the instructions, use the applicable dates and terms in this publication instead of those used in the 2006 Form 8915 instructions. 2011 tax tables Example 2. 2011 tax tables   On June 15, 2008, Margaret Maple, from the previous example, took out $15,000 from her 401(k) plan that she is designating as a qualified recovery assistance distribution. 2011 tax tables Since the distribution occurred in 2008, Margaret would modify and complete the 2006 Form 8915 as discussed above. 2011 tax tables Also, since Margaret is including her 2007 recovery assistance distributions in income over 3 years, she reports the applicable amount of those distributions on the modified 2006 Form 8915. 2011 tax tables See Margaret's modified 2006 Form 8915 shown on pages 9 and 10. 2011 tax tables This image is too large to be displayed in the current screen. 2011 tax tables Please click the link to view the image. 2011 tax tables 2006 Form 8915, page 1, Illustrated Example 2 This image is too large to be displayed in the current screen. 2011 tax tables Please click the link to view the image. 2011 tax tables 2006 Form 8915, page 2, Illustrated Example 2 Form 8606. 2011 tax tables   For a 2008 qualified recovery assistance distribution, you may need to complete the 2008 Form 8606. 2011 tax tables Before you complete Form 8606, use the additional instructions outlined in Form 8606, Part I, on page 4 and Form 8606, Part III, on this page. 2011 tax tables Repayment of Qualified Distributions for the Purchase or Construction of a Main Home If you received a qualified distribution to purchase or construct a main home in the Kansas disaster area, you can repay part or all of that distribution after May 3, 2007, but no later than October 22, 2008, to an eligible retirement plan. 2011 tax tables For this purpose, an eligible retirement plan is any plan, annuity, or IRA to which a qualified rollover can be made. 2011 tax tables To be a qualified distribution, the distribution must meet all of the following requirements. 2011 tax tables The distribution is a hardship distribution from a 401(k) plan, a hardship distribution from a tax-sheltered annuity contract, or a qualified first-time homebuyer distribution from an IRA. 2011 tax tables The distribution was received after November 4, 2006, and before May 5, 2007. 2011 tax tables The distribution was to be used to purchase or construct a main home in the Kansas disaster area that was not purchased or constructed because of the storms and tornadoes. 2011 tax tables Amounts that are repaid before October 23, 2008, are treated as a qualified rollover and are not included in income. 2011 tax tables Also, for purposes of the one-rollover-per-year limitation for IRAs, a repayment to an IRA is not considered a qualified rollover. 2011 tax tables A qualified distribution not repaid before October 23, 2008, may be taxable for 2006 or 2007 and subject to the additional 10% tax (or the additional 25% tax for certain SIMPLE IRAs) on early distributions. 2011 tax tables You must file Form 8915 if you received a qualified distribution that you repaid, in whole or in part, before October 23, 2008. 2011 tax tables See How to report, next, for information on completing Form 8915. 2011 tax tables How to report. 2011 tax tables   To report the repayment of a qualified distribution for the purchase or construction of a main home that was not purchased or constructed due to the storms and tornadoes, use the 2005 Form 8915, Part IV. 2011 tax tables Before you complete the form, modify the form as follows. 2011 tax tables Cross out “Hurricane” in the title at the top of the form and enter “Recovery Assistance. 2011 tax tables ” To the right of the title, cross out “2005” and enter “2006” or “2007. 2011 tax tables ” Enter only the year the distribution was received. 2011 tax tables Cross out “Hurricane” in the title of Part IV and enter “Kansas. 2011 tax tables ” In the sentence below the title of Part IV, cross out “March 1, 2006” and enter “October 23, 2008. 2011 tax tables ” On line 24, cross out “March 1, 2006” and enter “October 23, 2008. 2011 tax tables ” You can now complete Part IV of Form 8915. 2011 tax tables Use the applicable dates and terms in this publication instead of those used in the 2005 Form 8915 instructions to complete the form. 2011 tax tables Attach Form 8915 to your original or amended return for the year of the distribution. 2011 tax tables Amended return. 2011 tax tables   If you repay part or all of a qualified distribution by October 22, 2008, you will need to file an amended return for that part of a distribution that was previously included in income. 2011 tax tables Loans From Qualified Plans The following benefits are available to qualified individuals. 2011 tax tables Increases to the limits for distributions treated as loans from employer plans. 2011 tax tables A 1-year suspension for payments due on plan loans. 2011 tax tables Qualified individual. 2011 tax tables   You are a qualified individual if your main home on May 4, 2007, was located in the Kansas disaster area and you had an economic loss because of the storms and tornadoes. 2011 tax tables Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. 2011 tax tables Limits on plan loans. 2011 tax tables   The $50,000 limit for distributions treated as plan loans is increased to $100,000. 2011 tax tables In addition, the limit based on 50% of your vested accrued benefit is increased to 100% of that benefit. 2011 tax tables If your home was located in the Kansas disaster area, the higher limits apply only to loans received during the period beginning on May 22, 2008, and ending on December 31, 2008. 2011 tax tables One-year suspension of loan payments. 2011 tax tables   Payments on plan loans outstanding after May 3, 2007, may be suspended for 1 year by the plan administrator. 2011 tax tables To qualify for the suspension, the due date for any loan payment must occur during the period beginning on May 4, 2007, and ending on December 31, 2008. 2011 tax tables Additional Tax Relief for Businesses Special Depreciation Allowance You can take a special depreciation allowance for qualified recovery assistance property (as defined below) you acquire after May 4, 2007. 2011 tax tables The special allowance is an additional deduction of 50% of the property's depreciable basis (after any section 179 deduction and before figuring your regular depreciation deduction). 2011 tax tables The special allowance applies only for the first year the property is placed in service. 2011 tax tables The special allowance is deductible for both the regular tax and the alternative minimum tax (AMT). 2011 tax tables There is no AMT adjustment required for any depreciation figured on the remaining basis of the property. 2011 tax tables You can elect not to deduct the special allowance for qualified recovery assistance property. 2011 tax tables If you make this election for any property, it applies to all property in the same class placed in service during the year. 2011 tax tables Qualified recovery assistance property. 2011 tax tables   Property that qualifies for the special allowance for qualified recovery assistance property includes the following. 2011 tax tables Tangible property depreciated under the modified accelerated cost recovery system (MACRS) with a recovery period of 20 years or less. 2011 tax tables Water utility property. 2011 tax tables Computer software that is readily available for purchase by the general public, is subject to a nonexclusive license, and has not been substantially modified. 2011 tax tables (The cost of some computer software is treated as part of the cost of hardware and is depreciated under MACRS. 2011 tax tables ) Qualified leasehold improvement property. 2011 tax tables Nonresidential real property and residential rental property. 2011 tax tables   For more information on this property, see Publication 946. 2011 tax tables Other tests to be met. 2011 tax tables   To be qualified recovery assistance property, the property must also meet all of the following tests. 2011 tax tables You must have acquired the property, by purchase, after May 4, 2007, but only if no binding written contract for the acquisition was in effect before May 5, 2007. 2011 tax tables The property must be placed in service before 2009 (2010 in the case of nonresidential real property and residential rental property). 2011 tax tables Substantially all of the use of the property must be in the Kansas disaster area and in the active conduct of your trade or business in the Kansas disaster area. 2011 tax tables The original use of the property in the Kansas disaster area must begin with you after May 4, 2007. 2011 tax tables Used property can be qualified recovery assistance property if it has not previously been used within the Kansas disaster area. 2011 tax tables Also, additional capital expenditures you incurred after May 4, 2007, to recondition or rebuild your property meet the original use test if the original use of the property in the Kansas disaster area began with you. 2011 tax tables Excepted property. 2011 tax tables   Qualified recovery assistance property does not include any of the following. 2011 tax tables Property required to be depreciated using the Alternative Depreciation System (ADS). 2011 tax tables Property any portion of which is financed with the proceeds of a tax-exempt obligation under section 103. 2011 tax tables Property for which you are claiming a commercial revitalization deduction. 2011 tax tables Property in the same class as that for which you elected not to claim the special allowance for qualified recovery assistance property. 2011 tax tables Property placed in service and disposed of in the same tax year. 2011 tax tables Property converted from business use to personal use in the same tax year it is placed in service. 2011 tax tables Property converted from personal use to business use in the same or later tax year may be qualified recovery assistance property. 2011 tax tables Recapture of special allowance. 2011 tax tables   If, in any year after the year you claim the special allowance, the property ceases to be qualified recovery assistance property, you may have to recapture as ordinary income any excess benefit you received from claiming the special allowance. 2011 tax tables Amended return. 2011 tax tables   If you have already filed your tax return, you may have to amend that return to claim any special allowance. 2011 tax tables Additional guidance will be published on how you may claim, or elect not to claim, the special allowance if you have already filed your tax return. 2011 tax tables Increased Section 179 Deduction An increased section 179 deduction is allowable for qualified section 179 recovery assistance property (as defined later) placed in service in the Kansas disaster area. 2011 tax tables Increased dollar limit. 2011 tax tables   The limit on the section 179 deduction ($125,000 for 2007, $250,000 for 2008) is increased by the smaller of: $100,000, or The cost of qualified section 179 recovery assistance property placed in service during the year (including such property placed in service by your spouse, even if you are filing a separate return). 2011 tax tables   The amount for which you can make the election is reduced if the cost of all section 179 property you placed in service during the year exceeds $500,000 for 2007 and $800,000 for 2008 increased by the smaller of: $600,000, or The cost of qualified section 179 recovery assistance property placed in service during the year. 2011 tax tables Qualified section 179 recovery assistance property. 2011 tax tables   Qualified section 179 recovery assistance property is section 179 property that is qualified recovery assistance property (explained earlier under Special Depreciation Allowance). 2011 tax tables Section 179 property does not include nonresidential real property or residential rental property. 2011 tax tables For more information, including the requirements that must be met for property to qualify for the section 179 deduction, see chapter 2 of Publication 946. 2011 tax tables Amended return. 2011 tax tables   If you have already filed your tax return, you may have to amend that return for any increased section 179 deduction. 2011 tax tables Employee Retention Credit An eligible employer who conducted an active trade or business in the Kansas disaster area can claim the employee retention credit. 2011 tax tables The credit is 40% of qualified wages for each eligible employee (up to a maximum of $6,000 in qualified wages per employee). 2011 tax tables Generally, you must reduce your deduction for salaries and wages by the amount of this credit (before the tax liability limit). 2011 tax tables Use Form 5884-A to claim the credit. 2011 tax tables See Form 5884-A later. 2011 tax tables The following rules and definitions apply. 2011 tax tables Employers affected by the storms and tornadoes. 2011 tax tables   The following definitions apply to employers affected by the storms and tornadoes. 2011 tax tables Eligible employer. 2011 tax tables   For this purpose, an eligible employer is any employer who meets all of the following. 2011 tax tables Employed an average of not more than 200 employees on business days during the tax year before May 4, 2007. 2011 tax tables Conducted an active trade or business on May 4, 2007, in the Kansas disaster area. 2011 tax tables Whose trade or business was inoperable on any day after May 4, 2007, and before January 1, 2008, because of damage caused by the storms and tornadoes. 2011 tax tables Eligible employee. 2011 tax tables   For this purpose, an eligible employee is an employee whose principal place of employment on May 4, 2007, with the eligible employer was in the Kansas disaster area. 2011 tax tables An employee is not an eligible employee for purposes of the storms and tornadoes if the employee is treated as an eligible employee for the work opportunity credit. 2011 tax tables Qualified wages. 2011 tax tables   Qualified wages are wages you paid or incurred before January 1, 2008, (up to $6,000 per employee) for an eligible employee beginning on the date your trade or business first became inoperable at the employee's principal place of employment immediately before May 4, 2007, and ending on the date your trade or business resumed significant operations at that place. 2011 tax tables In addition, the wages must have been paid or incurred after May 4, 2007. 2011 tax tables    This includes wages paid even if the employee performed no services, performed services at a place of employment other than the principal place of employment, or performed services at the principal place of employment before significant operations resumed. 2011 tax tables    Wages qualifying for the credit generally have the same meaning as wages subject to the Federal Unemployment Tax Act (FUTA). 2011 tax tables Qualified wages also include amounts you paid for medical or hospitalization expenses in connection with sickness or accident disability. 2011 tax tables Qualified wages for any employee must be reduced by the amount of any work supplementation payment you received under the Social Security Act. 2011 tax tables   For agricultural employees, if the work performed by any employee during more than half of any pay period qualified under FUTA as agricultural labor, that employee's wages subject to social security and Medicare taxes are qualified wages. 2011 tax tables For a special rule that applies to railroad employees, see section 51(h)(1)(B). 2011 tax tables   Qualified wages do not include the following. 2011 tax tables Wages paid to your dependent or a related individual. 2011 tax tables See section 51(i)(1). 2011 tax tables Wages paid to any employee during the period for which you received payment for the employee from a federally funded on-the-job training program. 2011 tax tables Wages for services of replacement workers during a strike or lockout. 2011 tax tables Form 5884-A. 2011 tax tables   Use Section A of Form 5884-A (Rev. 2011 tax tables October 2006) to claim the employer retention credit. 2011 tax tables Section B does not apply to the Kansas disaster area. 2011 tax tables Before you complete the form, modify the form as follows. 2011 tax tables Cross out “Hurricane Katrina, Rita, or Wilma” in the title at the top of the form and enter “Kansas Storms and Tornadoes. 2011 tax tables ” On line 1a cross out “Hurricane Katrina” and enter “Kansas Storms and Tornadoes,” cross out “August 28, 2005,” and enter “May 4, 2007,” and cross out “January 1, 2006,” and enter “January 1, 2008. 2011 tax tables ”   Complete the form as instructed. 2011 tax tables Lines 1b and 1c do not apply. 2011 tax tables Include the amount from Form 5884-A, line 4 in the amount entered on Form 3800, line 1x. 2011 tax tables On the dotted line to the left of line 1x, enter “5884-A. 2011 tax tables ” Use the applicable dates and terms in this publication instead of those used in the Form 5884-A instructions. 2011 tax tables Amended return. 2011 tax tables   You may have to amend a previously filed return to claim the employee retention credit. 2011 tax tables Demolition and Clean-up Costs You can elect to deduct 50% of any qualified recovery assistance clean-up costs for the tax year in which the costs are paid or incurred, instead of capitalizing them. 2011 tax tables Qualified recovery assistance clean-up costs are any amounts paid or incurred after May 3, 2007, and before January 1, 2010, for the removal of debris from, or the demolition of structures on, real property located in the Kansas disaster area that is: Held by you for use in a trade or business or for the production of income, or Inventory or other property held primarily for sale to customers in the ordinary course of your trade or business. 2011 tax tables Amended return. 2011 tax tables   If you have already filed your tax return, you may have to amend that return to claim the 50% of any qualified recovery assistance clean-up costs. 2011 tax tables Request for Copy or Transcript of Tax Return Request for copy of tax return. 2011 tax tables   You can use Form 4506 to order a copy of your tax return. 2011 tax tables Generally, there is a $39. 2011 tax tables 00 fee (subject to change) for requesting each copy of a tax return. 2011 tax tables If your main home, principal place of business, or tax records are located in a Presidentially declared disaster area, the fee will be waived if the assigned disaster designation (for example, “Kansas Storms”) is written in red across the top of the form when filed. 2011 tax tables Request for transcript of tax return. 2011 tax tables   You can use Form 4506-T to order a free transcript of your tax return. 2011 tax tables A transcript provides most of the line entries from a tax return and usually contains the information that a third party requires. 2011 tax tables You can also call 1-800-829-1040 to order a transcript. 2011 tax tables How To Get Tax Help You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get information from the IRS in several ways. 2011 tax tables By selecting the method that is best for you, you will have quick and easy access to tax help. 2011 tax tables Contacting your Taxpayer Advocate. 2011 tax tables   The Taxpayer Advocate Service (TAS) is an independent organization within the IRS whose employees assist taxpayers who are experiencing economic harm, who are seeking help in resolving tax problems that have not been resolved through normal channels, or who believe that an IRS system or procedure is not working as it should. 2011 tax tables   You can contact the TAS by calling the TAS toll-free case intake line at 1-877-777-4778 or TTY/TDD 1-800-829-4059 to see if you are eligible for assistance. 2011 tax tables You can also call or write to your local taxpayer advocate, whose phone number and address are listed in your local telephone directory and in Publication 1546, Taxpayer Advocate Service — Your Voice at the IRS. 2011 tax tables You can file Form 911, Request for Taxpayer Advocate Service Assistance (And Application for Taxpayer Assistance Order), or ask an IRS employee to complete it on your behalf. 2011 tax tables For more information, go to www. 2011 tax tables irs. 2011 tax tables gov/advocate. 2011 tax tables Low Income Taxpayer Clinics (LITCs). 2011 tax tables   LITCs are independent organizations that provide low income taxpayers with representation in federal tax controversies with the IRS for free or for a nominal charge. 2011 tax tables The clinics also provide tax education and outreach for taxpayers who speak English as a second language. 2011 tax tables Publication 4134, Low Income Taxpayer Clinic List, provides information on clinics in your area. 2011 tax tables It is available at www. 2011 tax tables irs. 2011 tax tables gov or your local IRS office. 2011 tax tables Free tax services. 2011 tax tables   To find out what services are available, get Publication 910, IRS Guide to Free Tax Services. 2011 tax tables It contains lists of free tax information sources, including publications, services, and free tax education and assistance programs. 2011 tax tables It also has an index of over 100 TeleTax topics, (recorded tax information) you can listen to on your telephone. 2011 tax tables   Accessible versions of IRS published products are available on request in a variety of alternative formats for people with disabilities. 2011 tax tables Free help with your return. 2011 tax tables   Free help in preparing your return is available nationwide from IRS-trained volunteers. 2011 tax tables The Volunteer Income Tax Assistance (VITA) program is designed to help low-income taxpayers and Tax Counseling for the Elderly (TCE) program is designed to assist taxpayers age 60 and older with their tax returns. 2011 tax tables Many VITA sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. 2011 tax tables To find a site near you, call 1-800-829-1040. 2011 tax tables Or to find the nearest AARP TaxAide site, visit AARP's website at www. 2011 tax tables aarp. 2011 tax tables org/taxaide or call 1-888-227-7669. 2011 tax tables For more information on these programs, go to www. 2011 tax tables irs. 2011 tax tables gov and enter keyword “VITA” in the upper right-hand corner. 2011 tax tables Internet. 2011 tax tables You can access the IRS website at www. 2011 tax tables irs. 2011 tax tables gov 24 hours a day, 7 days a week to: E-file your return. 2011 tax tables Find out about commercial tax preparation and e-file services available free to eligible taxpayers. 2011 tax tables Check the status of your refund. 2011 tax tables Click on Where's My Refund. 2011 tax tables Wait at least 6 weeks from the date you filed your return (3 weeks if you filed electronically). 2011 tax tables Have your tax return available because you will need to know your social security number, your filing status, and the exact whole dollar amount of your refund. 2011 tax tables Download forms, instructions, and publications. 2011 tax tables Order IRS products online. 2011 tax tables Research your tax questions online. 2011 tax tables Search publications online by topic or keyword. 2011 tax tables View Internal Revenue Bulletins (IRBs) published in the last few years. 2011 tax tables Figure your withholding allowances using the withholding calculator online at www. 2011 tax tables irs. 2011 tax tables gov/individuals. 2011 tax tables Determine if Form 6251 must be filed using our Alternative Minimum Tax (AMT) Assistant. 2011 tax tables Sign up to receive local and national tax news by email. 2011 tax tables Get information on starting and operating a small business. 2011 tax tables Phone. 2011 tax tables Many services are available by phone. 2011 tax tables Ordering forms, instructions, and publications. 2011 tax tables Call 1-800-829-3676 to order current-year forms, instructions, and publications, and prior-year forms and instructions. 2011 tax tables You should receive your order within 10 days. 2011 tax tables Asking tax questions. 2011 tax tables Call the IRS with your tax questions at 1-800-829-1040. 2011 tax tables Solving problems. 2011 tax tables You can get face-to-face help solving tax problems every business day in IRS Taxpayer Assistance Centers. 2011 tax tables An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. 2011 tax tables Call your local Taxpayer Assistance Center for an appointment. 2011 tax tables To find the number, go to www. 2011 tax tables irs. 2011 tax tables gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. 2011 tax tables TTY/TDD equipment. 2011 tax tables If you have access to TTY/TDD equipment, call 1-800-829-4059 to ask tax questions or to order forms and publications. 2011 tax tables TeleTax topics. 2011 tax tables Call 1-800-829-4477 to listen to pre-recorded messages covering various tax topics. 2011 tax tables Refund information. 2011 tax tables To check the status of your refund, call 1-800-829-4477 and press 1 for automated refund information or call 1-800-829-1954. 2011 tax tables Be sure to wait at least 6 weeks from the date you filed your return (3 weeks if you filed electronically). 2011 tax tables Have your tax return available because you will need to know your social security number, your filing status, and the exact whole dollar amount of your refund. 2011 tax tables Evaluating the quality of our telephone services. 2011 tax tables To ensure IRS representatives give accurate, courteous, and professional answers, we use several methods to evaluate the quality of our telephone services. 2011 tax tables One method is for a second IRS representative to listen in on or record random telephone calls. 2011 tax tables Another is to ask some callers to complete a short survey at the end of the call. 2011 tax tables Walk-in. 2011 tax tables Many products and services are available on a walk-in basis. 2011 tax tables Products. 2011 tax tables You can walk in to many post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. 2011 tax tables Some IRS offices, libraries, grocery stores, copy centers, city and county government offices, credit unions, and office supply stores have a collection of products available to print from a CD or photocopy from reproducible proofs. 2011 tax tables Also, some IRS offices and libraries have the Internal Revenue Code, regulations, Internal Revenue Bulletins, and Cumulative Bulletins available for research purposes. 2011 tax tables Services. 2011 tax tables You can walk in to your local Taxpayer Assistance Center every business day for personal, face-to-face tax help. 2011 tax tables An employee can explain IRS letters, request adjustments to your tax account, or help you set up a payment plan. 2011 tax tables If you need to resolve a tax problem, have questions about how the tax law applies to your individual tax return, or you're more comfortable talking with someone in person, visit your local Taxpayer Assistance Center where you can spread out your records and talk with an IRS representative face-to-face. 2011 tax tables No appointment is necessary — just walk in. 2011 tax tables If you prefer, you can call your local Center and leave a message requesting an appointment to resolve a tax account issue. 2011 tax tables A representative will call you back within 2 business days to schedule an in-person appointment at your convenience. 2011 tax tables If you have an ongoing, complex tax account problem or a special need, such as a disability, an appointment may be requested. 2011 tax tables All other issues will be handled without an appointment. 2011 tax tables To find the number of your local office, go to www. 2011 tax tables irs. 2011 tax tables gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. 2011 tax tables Mail. 2011 tax tables You can send your order for forms, instructions, and publications to the address below. 2011 tax tables You should receive a response within 10 days after your request is received. 2011 tax tables Internal Revenue Service 1201 N. 2011 tax tables Mitsubishi Motorway Bloomington, IL 61705-6613 CD/DVD for tax products. 2011 tax tables You can order Publication 1796, IRS Tax Products CD/DVD, and obtain: Current-year forms, instructions, and publications. 2011 tax tables Prior-year forms, instructions, and publications. 2011 tax tables Bonus: Historical Tax Products DVD - Ships with the final release. 2011 tax tables IRS Tax Map: an electronic research tool and finding aid. 2011 tax tables Tax law frequently asked questions (FAQ). 2011 tax tables Tax Topics from the IRS telephone response system. 2011 tax tables Fill-in, print, and save features for most tax forms. 2011 tax tables Internal Revenue Bulletins. 2011 tax tables Toll-free and email technical support. 2011 tax tables The CD/DVD is released twice during the year in January and March. 2011 tax tables Purchase the CD/DVD from National Technical Information Service (NTIS) at www. 2011 tax tables irs. 2011 tax tables gov/cdorders for $35 (no handling fee) or call 1-877-CDFORMS (1-877-233-6767) toll free to buy the CD/DVD for $35 (plus a $5 handling fee). 2011 tax tables Price is subject to change. 2011 tax tables CD for small businesses. 2011 tax tables Publication 3207, The Small Business Resource Guide CD, is a must for every small business owner or any taxpayer about to start a business. 2011 tax tables This year's CD includes: Helpful information, such as how to prepare a business plan, find financing for your business, and much more. 2011 tax tables All the business tax forms, instructions, and publications needed to successfully manage a business. 2011 tax tables Tax law changes. 2011 tax tables Tax Map: an electronic research tool and finding aid. 2011 tax tables Web links to various government agencies, business associations, and IRS organizations. 2011 tax tables “Rate the Product” survey—your opportunity to suggest changes for future editions. 2011 tax tables A site map of the CD to help you navigate the pages of the CD with ease. 2011 tax tables An interactive “Teens in Biz” module that gives practical tips for teens about starting their own business, creating a business plan, and filing taxes. 2011 tax tables An updated version of this CD is available each year in early April. 2011 tax tables You can get a free copy by calling 1-800-829-3676 or by visiting www. 2011 tax tables irs. 2011 tax tables gov/smallbiz. 2011 tax tables Prev  Up  Next   Home   More Online Publications