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2012 1040 Form

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2012 1040 Form

2012 1040 form Publication 1544 - Main Content Table of Contents Why Report These Payments? Who Must File Form 8300?What Payments Must Be Reported? What Is Cash? Taxpayer Identification Number (TIN) What Is a Related Transaction? What About Suspicious Transactions? When, Where, and What To File Examples Penalties How To Get Tax HelpLow Income Taxpayer Clinics (LITCs). 2012 1040 form Why Report These Payments? Drug dealers and smugglers often use large cash payments to “launder” money from illegal activities. 2012 1040 form Laundering means converting “dirty” or illegally-gained money to “clean” money. 2012 1040 form The government can often trace this laundered money through the payments you report. 2012 1040 form Laws passed by Congress require you to report these payments. 2012 1040 form Your compliance with these laws provides valuable information that can stop those who evade taxes and those who profit from the drug trade and other criminal activities. 2012 1040 form The USA PATRIOT Act of 2001 increased the scope of these laws to help trace funds used for terrorism. 2012 1040 form Who Must File Form 8300? Generally, any person in a trade or business who receives more than $10,000 in cash in a single transaction or in related transactions must file Form 8300. 2012 1040 form For example, you may have to file Form 8300 if you are a dealer in jewelry, furniture, boats, aircraft, or automobiles; a pawnbroker; an attorney; a real estate broker; an insurance company; or a travel agency. 2012 1040 form Special rules for clerks of federal or state courts are discussed later under Bail received by court clerks. 2012 1040 form However, you do not have to file Form 8300 if the transaction is not related to your trade or business. 2012 1040 form For example, if you own a jewelry store and sell your personal automobile for more than $10,000 in cash, you would not submit a Form 8300 for that transaction. 2012 1040 form Transaction defined. 2012 1040 form    A “transaction” occurs when: Goods, services, or property are sold; Property is rented; Cash is exchanged for other cash; A contribution is made to a trust or escrow account; A loan is made or repaid; or Cash is converted to a negotiable instrument, such as a check or a bond. 2012 1040 form Person defined. 2012 1040 form   A “person” includes an individual, a company, a corporation, a partnership, an association, a trust, or an estate. 2012 1040 form   Exempt organizations, including employee plans, are also “persons. 2012 1040 form ” However, exempt organizations do not have to file Form 8300 for a more-than-$10,000 charitable cash contribution they receive since it is not received in the course of a trade or business. 2012 1040 form Foreign transactions. 2012 1040 form   You do not have to file Form 8300 if the entire transaction (including the receipt of cash) takes place outside of: The 50 states, The District of Columbia, Puerto Rico, or A possession or territory of the United States. 2012 1040 form However, you must file Form 8300 if any part of the transaction (including the receipt of cash) occurs in Puerto Rico or a possession or territory of the United States and you are subject to the Internal Revenue Code. 2012 1040 form Bail received by court clerks. 2012 1040 form   Any clerk of a federal or state court who receives more than $10,000 in cash as bail for an individual charged with any of the following criminal offenses must file Form 8300: Any federal offense involving a controlled substance, Racketeering, Money laundering, and Any state offense substantially similar to (1), (2), or (3) above. 2012 1040 form For more information about the rules that apply to court clerks, see Section 1. 2012 1040 form 6050I-2 of the Income Tax Regulations. 2012 1040 form What Payments Must Be Reported? You must file Form 8300 to report cash paid to you if it is: Over $10,000, Received as: One lump sum of over $10,000, Installment payments that cause the total cash received within 1 year of the initial payment to total more than $10,000, or Other previously unreportable payments that cause the total cash received within a 12-month period to total more than $10,000, Received in the course of your trade or business, Received from the same buyer (or agent), and Received in a single transaction or in related transactions (defined later). 2012 1040 form What Is Cash? Cash is: The coins and currency of the United States (and any other country), and A cashier's check, bank draft, traveler's check, or money order you receive, if it has a face amount of $10,000 or less and you receive it in: A designated reporting transaction (defined later), or Any transaction in which you know the payer is trying to avoid the reporting of the transaction on Form 8300. 2012 1040 form Cash may include a cashier's check even if it is called a “treasurer's check” or “bank check. 2012 1040 form ” Cash does not include a check drawn on an individual's personal account. 2012 1040 form A cashier's check, bank draft, traveler's check, or money order with a face amount of more than $10,000 is not treated as cash. 2012 1040 form These items are not defined as cash and you do not have to file Form 8300 when you receive them because, if they were bought with currency, the bank or other financial institution that issued them must file a report on FinCEN Form 104. 2012 1040 form Example 1. 2012 1040 form You are a coin dealer. 2012 1040 form Bob Green buys gold coins from you for $13,200. 2012 1040 form He pays for them with $6,200 in U. 2012 1040 form S. 2012 1040 form currency and a cashier's check having a face amount of $7,000. 2012 1040 form The cashier's check is treated as cash. 2012 1040 form You have received more than $10,000 cash and must file Form 8300 for this transaction. 2012 1040 form Example 2. 2012 1040 form You are a retail jeweler. 2012 1040 form Mary North buys an item of jewelry from you for $12,000. 2012 1040 form She pays for it with a personal check payable to you in the amount of $9,600 and traveler's checks totaling $2,400. 2012 1040 form Because the personal check is not treated as cash, you have not received more than $10,000 cash in the transaction. 2012 1040 form You do not have to file Form 8300. 2012 1040 form Example 3. 2012 1040 form You are a boat dealer. 2012 1040 form Emily Jones buys a boat from you for $16,500. 2012 1040 form She pays for it with a cashier's check payable to you in the amount of $16,500. 2012 1040 form The cashier's check is not treated as cash because its face amount is more than $10,000. 2012 1040 form You do not have to file Form 8300 for this transaction. 2012 1040 form Designated Reporting Transaction A designated reporting transaction is the retail sale of any of the following: A consumer durable, such as an automobile or boat. 2012 1040 form A consumer durable is property, other than land or buildings, that: Is suitable for personal use, Can reasonably be expected to last at least 1 year under ordinary use, Has a sales price of more than $10,000, and Can be seen or touched (tangible property). 2012 1040 form For example, a $20,000 car is a consumer durable, but a $20,000 dump truck or factory machine is not. 2012 1040 form The car is a consumer durable even if you sell it to a buyer who will use it in a business. 2012 1040 form A collectible (for example, a work of art, rug, antique, metal, gem, stamp, or coin). 2012 1040 form Travel or entertainment, if the total sales price of all items sold for the same trip or entertainment event in one transaction (or related transactions) is more than $10,000. 2012 1040 form To figure the total sales price of all items sold for a trip or entertainment event, you include the sales price of items such as airfare, hotel rooms, and admission tickets. 2012 1040 form Example. 2012 1040 form You are a travel agent. 2012 1040 form Ed Johnson asks you to charter a passenger airplane to take a group to a sports event in another city. 2012 1040 form He also asks you to book hotel rooms and admission tickets for the group. 2012 1040 form In payment, he gives you two money orders, each for $6,000. 2012 1040 form You have received more than $10,000 cash in this designated reporting transaction. 2012 1040 form You must file Form 8300. 2012 1040 form Retail sale. 2012 1040 form   The term “retail sale” means any sale made in the course of a trade or business that consists mainly of making sales to ultimate consumers. 2012 1040 form   Thus, if your business consists mainly of making sales to ultimate consumers, all sales you make in the course of that business are retail sales. 2012 1040 form This includes any sales of items that will be resold. 2012 1040 form Broker or intermediary. 2012 1040 form   A designated reporting transaction includes the retail sale of items (1), (2), or (3) of the preceding list, even if the funds are received by a broker or other intermediary, rather than directly by the seller. 2012 1040 form Exceptions to Definition of Cash A cashier's check, bank draft, traveler's check, or money order you received in a designated reporting transaction is not treated as cash if one of the following exceptions applies. 2012 1040 form Exception for certain bank loans. 2012 1040 form   A cashier's check, bank draft, traveler's check, or money order is not treated as cash if it is the proceeds from a bank loan. 2012 1040 form As proof that it is from a bank loan, you may rely on a copy of the loan document, a written statement or lien instruction from the bank, or similar proof. 2012 1040 form Example. 2012 1040 form You are a car dealer. 2012 1040 form Mandy White buys a new car from you for $11,500. 2012 1040 form She pays you with $2,000 of U. 2012 1040 form S. 2012 1040 form currency and a cashier's check for $9,500 payable to you and her. 2012 1040 form You can tell that the cashier's check is the proceeds of a bank loan because it includes instructions to you to have a lien put on the car as security for the loan. 2012 1040 form For this reason, the cashier's check is not treated as cash. 2012 1040 form You do not have to file Form 8300 for the transaction. 2012 1040 form Exception for certain installment sales. 2012 1040 form   A cashier's check, bank draft, traveler's check, or money order is not treated as cash if it is received in payment on a promissory note or an installment sales contract (including a lease that is considered a sale for federal tax purposes). 2012 1040 form However, this exception applies only if: You use similar notes or contracts in other sales to ultimate consumers in the ordinary course of your trade or business, and The total payments for the sale that you receive on or before the 60th day after the sale are 50% or less of the purchase price. 2012 1040 form Exception for certain down payment plans. 2012 1040 form   A cashier's check, bank draft, traveler's check, or money order is not treated as cash if you received it in payment for a consumer durable or collectible, and all three of the following statements are true. 2012 1040 form You receive it under a payment plan requiring: One or more down payments, and Payment of the rest of the purchase price by the date of sale. 2012 1040 form You receive it more than 60 days before the date of sale. 2012 1040 form You use payment plans with the same or substantially similar terms when selling to ultimate consumers in the ordinary course of your trade or business. 2012 1040 form Exception for travel and entertainment. 2012 1040 form   A cashier's check, bank draft, traveler's check, or money order received for travel or entertainment is not treated as cash if all three of the following statements are true. 2012 1040 form You receive it under a payment plan requiring: One or more down payments, and Payment of the rest of the purchase price by the earliest date that any travel or entertainment item (such as airfare) is furnished for the trip or entertainment event. 2012 1040 form You receive it more than 60 days before the date on which the final payment is due. 2012 1040 form You use payment plans with the same or substantially similar terms when selling to ultimate consumers in the ordinary course of your trade or business. 2012 1040 form Taxpayer Identification Number (TIN) You must furnish the correct TIN of the person or persons from whom you receive the cash. 2012 1040 form If the transaction is conducted on the behalf of another person or persons, you must furnish the TIN of that person or persons. 2012 1040 form If you do not know a person's TIN, you have to ask for it. 2012 1040 form You may be subject to penalties for an incorrect or missing TIN. 2012 1040 form There are three types of TINs. 2012 1040 form The TIN for an individual, including a sole proprietor, is the individual's social security number (SSN). 2012 1040 form The TIN for a nonresident alien individual who needs a TIN but is not eligible to get an SSN is an IRS individual taxpayer identification number (ITIN). 2012 1040 form An ITIN has nine digits, similar to an SSN. 2012 1040 form The TIN for other persons, including corporations, partnerships, and estates, is the employer identification number (EIN). 2012 1040 form Exception. 2012 1040 form   You are not required to provide the TIN of a person who is a nonresident alien individual or a foreign organization if that person or foreign organization: Does not have income effectively connected with the conduct of a U. 2012 1040 form S. 2012 1040 form trade or business; Does not have an office or place of business, or a fiscal or paying agent in the United States; Does not file a federal tax return; Does not furnish a withholding certificate described in §1. 2012 1040 form 1441-1(e)(2) or (3) or 1. 2012 1040 form 1441-5(c)(2)(iv) or (3)(iii) to the extent required under 1. 2012 1040 form 1441-1(e)(4)(vii); Does not have to furnish a TIN on any return, statement, or other document as required by the income tax regulations under section 897 or 1445; or In the case of a nonresident alien individual, the individual has not chosen to file a joint federal income tax return with a spouse who is a U. 2012 1040 form S. 2012 1040 form citizen or resident. 2012 1040 form What Is a Related Transaction? Any transactions between a buyer (or an agent of the buyer) and a seller that occur within a 24-hour period are related transactions. 2012 1040 form If you receive over $10,000 in cash during two or more transactions with one buyer in a 24-hour period, you must treat the transactions as one transaction and report the payments on Form 8300. 2012 1040 form For example, if you sell two products for $6,000 each to the same customer in 1 day and the customer pays you in cash, these are related transactions. 2012 1040 form Because they total $12,000 (more than $10,000), you must file Form 8300. 2012 1040 form More than 24 hours between transactions. 2012 1040 form   Transactions are related even if they are more than 24 hours apart if you know, or have reason to know, that each is one of a series of connected transactions. 2012 1040 form   For example, you are a travel agent. 2012 1040 form A client pays you $8,000 in cash for a trip. 2012 1040 form Two days later, the same client pays you $3,000 more in cash to include another person on the trip. 2012 1040 form These are related transactions, and you must file Form 8300 to report them. 2012 1040 form What About Suspicious Transactions? If you receive $10,000 or less in cash, you may voluntarily file Form 8300 if the transaction appears to be suspicious. 2012 1040 form A transaction is suspicious if it appears that a person is trying to cause you not to file Form 8300 or is trying to cause you to file a false or incomplete Form 8300, or if there is a sign of possible illegal activity. 2012 1040 form If you are suspicious, you are encouraged to call the local IRS Criminal Investigation Division as soon as possible. 2012 1040 form Or, you can call the FinCEN Financial Institution Hotline toll free at 1-866-556-3974. 2012 1040 form When, Where, and What To File The amount you receive and when you receive it determine when you must file. 2012 1040 form Generally, you must file Form 8300 within 15 days after receiving a payment. 2012 1040 form If the Form 8300 due date (the 15th or last day you can timely file the form) falls on a Saturday, Sunday, or legal holiday, it is delayed until the next day that is not a Saturday, Sunday, or legal holiday. 2012 1040 form More than one payment. 2012 1040 form   In some transactions, the buyer may arrange to pay you in cash installment payments. 2012 1040 form If the first payment is more than $10,000, you must file Form 8300 within 15 days. 2012 1040 form If the first payment is not more than $10,000, you must add the first payment and any later payments made within 1 year of the first payment. 2012 1040 form When the total cash payments are more than $10,000, you must file Form 8300 within 15 days. 2012 1040 form   After you file Form 8300, you must start a new count of cash payments received from that buyer. 2012 1040 form If you receive more than $10,000 in additional cash payments from that buyer within a 12-month period, you must file another Form 8300. 2012 1040 form You must file the form within 15 days of the payment that causes the additional payments to total more than $10,000. 2012 1040 form   If you are already required to file Form 8300 and you receive additional payments within the 15 days before you must file, you can report all the payments on one form. 2012 1040 form Example. 2012 1040 form On January 10, you receive a cash payment of $11,000. 2012 1040 form You receive additional cash payments on the same transaction of $4,000 on February 15, $5,000 on March 20, and $6,000 on May 12. 2012 1040 form By January 25, you must file a Form 8300 for the $11,000 payment. 2012 1040 form By May 27, you must file an additional Form 8300 for the additional payments that total $15,000. 2012 1040 form Amending a Report?   If you are amending a report, check box 1a at the top of Form 8300. 2012 1040 form Complete the form in its entirety (Parts I-IV) and include the amended information. 2012 1040 form Do not attach a copy of the original report. 2012 1040 form Where to file. 2012 1040 form   Mail the form to the address given in the Form 8300 instructions. 2012 1040 form Required statement to buyer. 2012 1040 form   You must give a written or electronic statement to each person named on any Form 8300 you must file. 2012 1040 form You can give the statement electronically only if the recipient agrees to receive it in that format. 2012 1040 form The statement must show the name and address of your business, the name and phone number of a contact person, and the total amount of reportable cash you received from the person during the year. 2012 1040 form It must state that you are also reporting this information to the IRS. 2012 1040 form   You must send this statement to the buyer by January 31 of the year after the year in which you received the cash that caused you to file the form. 2012 1040 form    You must keep a copy of every Form 8300 you file for 5 years. 2012 1040 form Examples Example 1. 2012 1040 form Pat Brown is the sales manager for Small Town Cars. 2012 1040 form On January 6, 2009, Jane Smith buys a new car from Pat and pays $18,000 in cash. 2012 1040 form Pat asks for identification from Jane to get the necessary information to complete Form 8300. 2012 1040 form A filled-in form is shown in this publication. 2012 1040 form Pat must mail the form to the address shown in the form's instructions by January 21, 2009. 2012 1040 form He must also send a statement to Jane by January 31, 2010. 2012 1040 form Example 2. 2012 1040 form Using the same facts given in Example 1, suppose Jane had arranged to make cash payments of $6,000 each on January 6, February 6, and March 6. 2012 1040 form Pat would have to file a Form 8300 by February 26 (17 days after receiving total cash payments within 1 year over $10,000 because February 21, 2009, is a Saturday). 2012 1040 form Pat would not have to report the remaining $6,000 cash payment because it is not more than $10,000. 2012 1040 form However, he could report it if he felt it was a suspicious transaction. 2012 1040 form Penalties There are civil penalties for failure to: File a correct Form 8300 by the date it is due, and Provide the required statement to those named in the Form 8300. 2012 1040 form If you intentionally disregard the requirement to file a correct Form 8300 by the date it is due, the penalty is the greater of: $25,000, or The amount of cash you received and were required to report (up to $100,000). 2012 1040 form There are criminal penalties for: Willful failure to file Form 8300, Willfully filing a false or fraudulent Form 8300, Stopping or trying to stop Form 8300 from being filed, and Setting up, helping to set up, or trying to set up a transaction in a way that would make it seem unnecessary to file Form 8300. 2012 1040 form If you willfully fail to file Form 8300, you can be fined up to $250,000 for individuals ($500,000 for corporations) or sentenced to up to 5 years in prison, or both. 2012 1040 form These dollar amounts are based on Section 3571 of Title 18 of the U. 2012 1040 form S. 2012 1040 form Code. 2012 1040 form The penalties for failure to file may also apply to any person (including a payer) who attempts to interfere with or prevent the seller (or business) from filing a correct Form 8300. 2012 1040 form This includes any attempt to structure the transaction in a way that would make it seem unnecessary to file Form 8300. 2012 1040 form Structuring means breaking up a large cash transaction into small cash transactions. 2012 1040 form 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. 2012 1040 form By selecting the method that is best for you, you will have quick and easy access to tax help. 2012 1040 form Free help with your return. 2012 1040 form   Free help in preparing your return is available nationwide from IRS-certified volunteers. 2012 1040 form The Volunteer Income Tax Assistance (VITA) program is designed to help low-moderate income taxpayers and the Tax Counseling for the Elderly (TCE) program is designed to assist taxpayers age 60 and older with their tax returns. 2012 1040 form Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. 2012 1040 form To find the nearest VITA or TCE site, visit IRS. 2012 1040 form gov or call 1-800-906-9887 or 1-800-829-1040. 2012 1040 form   As part of the TCE program, AARP offers the Tax-Aide counseling program. 2012 1040 form To find the nearest AARP Tax-Aide site, call 1-888-227-7669 or visit AARP's website at www. 2012 1040 form aarp. 2012 1040 form org/money/taxaide. 2012 1040 form   For more information on these programs, go to IRS. 2012 1040 form gov and enter keyword “VITA” in the upper right-hand corner. 2012 1040 form Internet. 2012 1040 form You can access the IRS website at IRS. 2012 1040 form gov 24 hours a day, 7 days a week to: Check the status of your 2011 refund. 2012 1040 form Go to IRS. 2012 1040 form gov and click on Where's My Refund. 2012 1040 form Wait at least 72 hours after the IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after mailing a paper return. 2012 1040 form If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). 2012 1040 form Have your 2011 tax return available so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. 2012 1040 form E-file your return. 2012 1040 form Find out about commercial tax preparation and e-file services available free to eligible taxpayers. 2012 1040 form Download forms, including talking tax forms, instructions, and publications. 2012 1040 form Order IRS products online. 2012 1040 form Research your tax questions online. 2012 1040 form Search publications online by topic or keyword. 2012 1040 form Use the online Internal Revenue Code, regulations, or other official guidance. 2012 1040 form View Internal Revenue Bulletins (IRBs) published in the last few years. 2012 1040 form Figure your withholding allowances using the withholding calculator online at  www. 2012 1040 form irs. 2012 1040 form gov/individuals. 2012 1040 form Determine if Form 6251 must be filed by using our Alternative Minimum Tax (AMT) Assistant available online at  www. 2012 1040 form irs. 2012 1040 form gov/individuals. 2012 1040 form Sign up to receive local and national tax news by email. 2012 1040 form Get information on starting and operating a small business. 2012 1040 form Phone. 2012 1040 form Many services are available by phone. 2012 1040 form   Ordering forms, instructions, and publications. 2012 1040 form Call 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions, and publications, and prior-year forms and instructions. 2012 1040 form You should receive your order within 10 days. 2012 1040 form Asking tax questions. 2012 1040 form Call the IRS with your tax questions at 1-800-829-1040. 2012 1040 form Solving problems. 2012 1040 form You can get face-to-face help solving tax problems every business day in IRS Taxpayer Assistance Centers. 2012 1040 form An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. 2012 1040 form Call your local Taxpayer Assistance Center for an appointment. 2012 1040 form To find the number, go to www. 2012 1040 form irs. 2012 1040 form gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. 2012 1040 form TTY/TDD equipment. 2012 1040 form If you have access to TTY/TDD equipment, call 1-800-829-4059 to ask tax questions or to order forms and publications. 2012 1040 form TeleTax topics. 2012 1040 form Call 1-800-829-4477 to listen to pre-recorded messages covering various tax topics. 2012 1040 form Refund information. 2012 1040 form You can check the status of your refund on the new IRS phone app. 2012 1040 form Download the free IRS2Go app by visiting the iTunes app store or the Android Marketplace. 2012 1040 form IRS2Go is a new way to provide you with information and tools. 2012 1040 form To check the status of your refund by phone, call 1-800-829-4477 (automated refund information 24 hours a day, 7 days a week). 2012 1040 form Wait at least 72 hours after the IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after mailing a paper return. 2012 1040 form If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). 2012 1040 form Have your 2011 tax return available so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. 2012 1040 form If you check the status of your refund and are not given the date it will be issued, please wait until the next week before checking back. 2012 1040 form Other refund information. 2012 1040 form To check the status of a prior-year refund or amended return refund, call 1-800-829-1040. 2012 1040 form Evaluating the quality of our telephone services. 2012 1040 form To ensure IRS representatives give accurate, courteous, and professional answers, we use several methods to evaluate the quality of our telephone services. 2012 1040 form One method is for a second IRS representative to listen in on or record random telephone calls. 2012 1040 form Another is to ask some callers to complete a short survey at the end of the call. 2012 1040 form Walk-in. 2012 1040 form Many products and services are available on a walk-in basis. 2012 1040 form   Products. 2012 1040 form You can walk in to many post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. 2012 1040 form 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. 2012 1040 form Also, some IRS offices and libraries have the Internal Revenue Code, regulations, Internal Revenue Bulletins, and Cumulative Bulletins available for research purposes. 2012 1040 form Services. 2012 1040 form You can walk in to your local Taxpayer Assistance Center every business day for personal, face-to-face tax help. 2012 1040 form An employee can explain IRS letters, request adjustments to your tax account, or help you set up a payment plan. 2012 1040 form If you need to resolve a tax problem, have questions about how the tax law applies to your individual tax return, or you are more comfortable talking with someone in person, visit your local Taxpayer Assistance Center where you can spread out your records and talk with an IRS representative face-to-face. 2012 1040 form No appointment is necessary—just walk in. 2012 1040 form If you prefer, you can call your local Center and leave a message requesting an appointment to resolve a tax account issue. 2012 1040 form A representative will call you back within 2 business days to schedule an in-person appointment at your convenience. 2012 1040 form If you have an ongoing, complex tax account problem or a special need, such as a disability, an appointment can be requested. 2012 1040 form All other issues will be handled without an appointment. 2012 1040 form To find the number of your local office, go to www. 2012 1040 form irs. 2012 1040 form gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. 2012 1040 form Mail. 2012 1040 form You can send your order for forms, instructions, and publications to the address below. 2012 1040 form You should receive a response within 10 days after your request is received. 2012 1040 form  Internal Revenue Service 1201 N. 2012 1040 form Mitsubishi Motorway Bloomington, IL 61705-6613 Taxpayer Advocate Service. 2012 1040 form   The Taxpayer Advocate Service (TAS) is your voice at the IRS. 2012 1040 form Our job is to ensure that every taxpayer is treated fairly, and that you know and understand your rights. 2012 1040 form We offer free help to guide you through the often-confusing process of resolving tax problems that you haven’t been able to solve on your own. 2012 1040 form Remember, the worst thing you can do is nothing at all. 2012 1040 form   TAS can help if you can’t resolve your problem with the IRS and: Your problem is causing financial difficulties for you, your family, or your business. 2012 1040 form You face (or your business is facing) an immediate threat of adverse action. 2012 1040 form You have tried repeatedly to contact the IRS but no one has responded, or the IRS has not responded to you by the date promised. 2012 1040 form   If you qualify for our help, we’ll do everything we can to get your problem resolved. 2012 1040 form You will be assigned to one advocate who will be with you at every turn. 2012 1040 form We have offices in every state, the District of Columbia, and Puerto Rico. 2012 1040 form Although TAS is independent within the IRS, our advocates know how to work with the IRS to get your problems resolved. 2012 1040 form And our services are always free. 2012 1040 form   As a taxpayer, you have rights that the IRS must abide by in its dealings with you. 2012 1040 form Our tax toolkit at www. 2012 1040 form TaxpayerAdvocate. 2012 1040 form irs. 2012 1040 form gov can help you understand these rights. 2012 1040 form   If you think TAS might be able to help you, call your local advocate, whose number is in your phone book and on our website at www. 2012 1040 form irs. 2012 1040 form gov/advocate. 2012 1040 form You can also call our toll-free number at 1-877-777-4778. 2012 1040 form   TAS also handles large-scale or systemic problems that affect many taxpayers. 2012 1040 form If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System at www. 2012 1040 form irs. 2012 1040 form gov/advocate. 2012 1040 form Low Income Taxpayer Clinics (LITCs). 2012 1040 form   Low Income Taxpayer Clinics (LITCs) are independent from the IRS. 2012 1040 form Some clinics serve individuals whose income is below a certain level and who need to resolve a tax problem. 2012 1040 form These clinics provide professional representation before the IRS or in court on audits, appeals, tax collection disputes, and other issues for free or for a small fee. 2012 1040 form Some clinics can provide information about taxpayer rights and responsibilities in many different languages for individuals who speak English as a second language. 2012 1040 form For more information and to find a clinic near you, see the LITC page on www. 2012 1040 form irs. 2012 1040 form gov/advocate or IRS Publication 4134, Low Income Taxpayer Clinic List. 2012 1040 form This publication is also available by calling 1-800-829-3676 or at your local IRS office. 2012 1040 form Free tax services. 2012 1040 form   Publication 910, IRS Guide to Free Tax Services, is your guide to IRS services and resources. 2012 1040 form Learn about free tax information from the IRS, including publications, services, and education and assistance programs. 2012 1040 form The publication also has an index of over 100 TeleTax topics (recorded tax information) you can listen to on the telephone. 2012 1040 form The majority of the information and services listed in this publication are available to you free of charge. 2012 1040 form If there is a fee associated with a resource or service, it is listed in the publication. 2012 1040 form   Accessible versions of IRS published products are available on request in a variety of alternative formats for people with disabilities. 2012 1040 form DVD for tax products. 2012 1040 form You can order Publication 1796, IRS Tax Products DVD, and obtain: Current-year forms, instructions, and publications. 2012 1040 form Prior-year forms, instructions, and publications. 2012 1040 form Tax Map: an electronic research tool and finding aid. 2012 1040 form Tax law frequently asked questions. 2012 1040 form Tax Topics from the IRS telephone response system. 2012 1040 form Internal Revenue Code—Title 26 of the U. 2012 1040 form S. 2012 1040 form Code. 2012 1040 form Links to other Internet based Tax Research Materials. 2012 1040 form Fill-in, print, and save features for most tax forms. 2012 1040 form Internal Revenue Bulletins. 2012 1040 form Toll-free and email technical support. 2012 1040 form Two releases during the year. 2012 1040 form  – The first release will ship the beginning of January. 2012 1040 form  – The final release will ship the beginning of March. 2012 1040 form Purchase the DVD from National Technical Information Service (NTIS) at www. 2012 1040 form irs. 2012 1040 form gov/cdorders for $30 (no handling fee) or call 1-877-233-6767 toll free to buy the DVD for $30 (plus a $6 handling fee). 2012 1040 form This image is too large to be displayed in the current screen. 2012 1040 form Please click the link to view the image. 2012 1040 form Fill-in Form 8300 Prev  Up  Next   Home   More Online Publications
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Tax Relief for Victims of Floods in Nebraska

Updated 11/21/11 to add the Omaha Indian Reservation and Thurston county.
Updated 9/8/11 to add Lincoln, Nemaha and Richardson counties.

MIL-2011-06-NE, Aug. 17, 2011

Victims of flooding beginning on May 24, 2011 in parts of Nebraska may qualify for tax relief from the Internal Revenue Service.

The President has declared Boyd, Burt, Cass, Dakota, Dixon, Douglas, Knox, Lincoln, Nemaha, Richardson, Sarpy, Thurston and Washington counties and the Omaha Indian Reservation a federal disaster area. Individuals who reside or have a business in these localities may qualify for tax relief.

As a result, the IRS has postponed until Aug. 1, 2011, certain deadlines occurring from May 24 to Aug. 1 that affect taxpayers who live or have a business in the disaster area. This includes the June 15 deadline for making estimated tax payments.

In addition, the IRS is abating the failure-to-deposit penalties for employment and excise tax deposits due on or after May 24 and on or before June 8, 2011, as long as the deposits were made by June 8, 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 areas 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 has given affected taxpayers until Aug. 1, 2011, 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 24 and on or before Aug. 1, 2011.

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 24 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 24 and on or before June 8, provided the taxpayer made these deposits by June 8.

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, "Nebraska 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 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: Recent IRS Disaster Relief Announcements
 

 

Page Last Reviewed or Updated: 20-Feb-2014

The 2012 1040 Form

2012 1040 form Index A Abandonment, Abandonment Accounting method Accrual, Accrual Method Cash, Cash Method Change in, Changes in Methods of Accounting Crop, Crop method. 2012 1040 form Farm inventory, Farm Inventory Accounting periods, Introduction Accrual method of accounting, Accrual Method Additional Medicare Tax withholding, What's New for 2013, Additional Medicare Tax. 2012 1040 form Adjusted basis for installment sale, Adjusted basis for installment sale purposes. 2012 1040 form Adjusted basis of assets, Adjusted Basis Agricultural activity codes, Schedule F, Reminders Agricultural program payments, Agricultural Program Payments Agricultural structure, defined, Agricultural structure. 2012 1040 form Alternative Depreciation System (ADS), Required use of ADS. 2012 1040 form , ADS election. 2012 1040 form Amortization Going into business, Business Start-Up Costs Reforestation expenses, Reforestation Costs Section 197 intangibles, Section 197 Intangibles Assessments By conservation district, Assessment by Conservation District Depreciable property, Assessment for Depreciable Property Assistance (see Tax help) Automobiles, depreciation, Limits for passenger automobiles. 2012 1040 form B Bankruptcy, Bankruptcy. 2012 1040 form Barter income, Barter income. 2012 1040 form Basis Adjusted, Adjusted basis. 2012 1040 form Installment sale, Adjusted basis for installment sale purposes. 2012 1040 form Involuntary conversion, Basis for depreciation. 2012 1040 form Like-kind exchange, Basis for depreciation. 2012 1040 form Partner's basis, Property Distributed From a Partnership or Corporation Replacement property, Basis of replacement property. 2012 1040 form Shareholder's basis, Property Distributed From a Partnership or Corporation Basis of assets Adjusted basis, Adjusted Basis Allocating to several assets, Allocating the Basis Changed to business use, Property changed from personal to business or rental use. 2012 1040 form Constructing assets, Constructing assets. 2012 1040 form Cost, Cost Basis Decreases, Decreases to Basis Depreciation, What Is the Basis for Depreciation? Exchanges Like-kind, Like-Kind Exchanges Nontaxable, Nontaxable Exchanges Partially nontaxable, Partially Nontaxable Exchanges Taxable, Taxable Exchanges Gifts, Property Received as a Gift Increases, Increases to Basis Real property, Real Property Received for services, Property received for services. 2012 1040 form Uniform capitalization rules, Uniform Capitalization Rules Below-market loans, Below-market loans. 2012 1040 form Books and records, Importance of Records Breeding fees, Breeding Fees Business income limit, section 179 expense deduction, Business Income Limit Business use of home, Business Use of Your Home C Canceled debt, Cancellation of Debt Capital assets, Capital Assets Capital expenses, Capital Expenses Car expenses, Truck and Car Expenses Cash method of accounting, Cash Method Casualties and thefts Adjustments to basis, Adjustments to basis. 2012 1040 form Casualty, defined, Casualty. 2012 1040 form Disaster area losses, Disaster Area Losses Leased property, Leased property. 2012 1040 form Livestock, Livestock or produce bought for resale. 2012 1040 form , Raised draft, breeding, dairy, or sporting animals. 2012 1040 form Reimbursement, Insurance and other reimbursements. 2012 1040 form Reporting gains and losses, Reporting Gains and Losses Theft, defined, Theft. 2012 1040 form Change in accounting method, Changes in Methods of Accounting Chickens, purchased, Chickens, seeds, and young plants. 2012 1040 form Christmas trees, Christmas tree cultivation. 2012 1040 form , Christmas trees. 2012 1040 form Club dues, Club dues and membership fees. 2012 1040 form Comments on publication, Comments and suggestions. 2012 1040 form Commodity Futures, Hedging (Commodity Futures) Wages, Noncash wages. 2012 1040 form Commodity Credit Corporation (CCC) Loans, Commodity Credit Corporation (CCC) Loans Market gain, Market Gain Community property, Community property. 2012 1040 form , Community property. 2012 1040 form Computer, software, Computer software. 2012 1040 form Condemnation, Casualties, Thefts, and Condemnations, Condemnation Conservation Cost-sharing exclusion, Conservation Expenses District assessments, Assessment by Conservation District Expenses, Conservation Expenses Plans, Conservation plan. 2012 1040 form Conservation Reserve Program, Conservation Reserve Program (CRP) payments. 2012 1040 form Conservation Reserve Program (CRP), Conservation Reserve Program (CRP) Constructing assets, Constructing assets. 2012 1040 form Constructive receipt of income, Constructive receipt. 2012 1040 form Contamination, Soil or other environmental contamination. 2012 1040 form Contract price, Contract price. 2012 1040 form Converted wetland, Converted Wetland and Highly Erodible Cropland Cooperatives, income from, Income From Cooperatives Cost-sharing exclusion, Cost-Sharing Exclusion (Improvements) Counter-cyclical payments, Direct payments and counter-cyclical payments. 2012 1040 form , Payments Under the Farm Security and Rural Investment Act of 2002 and Under the Food, Conservation, and Energy Act of 2008 Credits Employment, Employment Credits Fuel tax, Fuel tax credit and refund. 2012 1040 form , How To Claim a Credit or Refund, Claiming a Credit Social security and Medicare, Earning credits in 2013. 2012 1040 form Social security coverage, How to become insured under social security. 2012 1040 form State unemployment tax, Tax rate and credit. 2012 1040 form Crew leaders, Crew Leaders Crop Destroyed, Standing crop destroyed by casualty. 2012 1040 form Insurance proceeds, Crop Insurance and Crop Disaster Payments Method of accounting, Crop method. 2012 1040 form Shares, Rents (Including Crop Shares) Unharvested, Cost of raising unharvested crops. 2012 1040 form , Section 1231 transactions. 2012 1040 form , Gain or loss. 2012 1040 form Cropland, highly erodible, Converted Wetland and Highly Erodible Cropland D Damage Casualties and thefts, Casualties and Thefts Crop insurance, Crop Insurance and Crop Disaster Payments Tree seedlings, Tree Seedlings Debt Bad, Nonbusiness bad debt. 2012 1040 form Canceled, Cancellation of Debt, Canceled debt excluded from income. 2012 1040 form , Cancellation of debt. 2012 1040 form , Canceled debt. 2012 1040 form Nonrecourse, Amount realized on a nonrecourse debt. 2012 1040 form Qualified farm, Qualified Farm Debt Qualified principal residence, Qualified Principal Residence Debt Recourse, Amount realized on a recourse debt. 2012 1040 form Depletion, Depletion Depreciation, Claiming the Special Depreciation Allowance ADS election, ADS election. 2012 1040 form Conservation assets, Depreciable conservation assets. 2012 1040 form Deduction, Overview of Depreciation Incorrect amount deducted, How Do You Correct Depreciation Deductions? Limit for automobiles, Limits for passenger automobiles. 2012 1040 form Listed property, Additional Rules for Listed Property Raised livestock, Livestock. 2012 1040 form Recapture, When Do You Recapture MACRS Depreciation?, Depreciation Recapture, Section 1250 Property When to file, Do You Have To File Form 4562? Depreciation allowable, Basis adjustment for depreciation allowed or allowable. 2012 1040 form Depreciation allowed, Basis adjustment for depreciation allowed or allowable. 2012 1040 form Direct payments, Direct payments and counter-cyclical payments. 2012 1040 form , Payments Under the Farm Security and Rural Investment Act of 2002 and Under the Food, Conservation, and Energy Act of 2008 Disaster area losses, Disaster Area Losses Disaster payments, Crop Insurance and Crop Disaster Payments Disaster relief grants, Federal disaster relief grants. 2012 1040 form Disaster relief payments, Qualified disaster relief payments. 2012 1040 form Dispositions, Sale or other disposal of land during 9-year period. 2012 1040 form , Gain on sale of farmland. 2012 1040 form , Introduction Domestic production activities deduction, Domestic Production Activities Deduction Dyed diesel fuel, Dyed Diesel Fuel and Dyed Kerosene Dyed kerosene, Dyed Diesel Fuel and Dyed Kerosene E e-file, Reminders Easement, Easements and rights-of-way. 2012 1040 form , Easements. 2012 1040 form Election ADS depreciation, Electing ADS. 2012 1040 form , ADS election. 2012 1040 form Amortization Business start-up costs, Business Start-Up Costs Reforestation costs, Reforestation Costs Crop method, Election to use crop method. 2012 1040 form Cutting of timber, Election to treat cutting as a sale or exchange. 2012 1040 form Deducting conservation expenses, When to Deduct or Capitalize Not excluding cost-sharing payments, Electing not to exclude payments. 2012 1040 form Out of installment method, Electing out of the installment method. 2012 1040 form Postponing casualty gain, Postponing Gain Postponing reporting crop insurance proceeds, Election to postpone reporting until the following year. 2012 1040 form Section 179 expense deduction, How Do You Elect the Deduction? Electronic filing, Reminders Embryo transplants, Transplanted embryo. 2012 1040 form Employer identification number, Reminders, Employer identification number (EIN). 2012 1040 form Endangered species recovery expenses, Endangered species recovery expenses. 2012 1040 form Environmental contamination, Soil or other environmental contamination. 2012 1040 form Estimated tax Farm gross income, Gross Income From Farming Gross income, Gross Income Penalties, Estimated Tax Penalty for 2013 Exchanges Basis Like-kind, Like-Kind Exchanges Nontaxable, Nontaxable Exchanges Partially nontaxable, Partially Nontaxable Exchanges Taxable, Taxable Exchanges Like-kind, Like-Kind Exchanges Nontaxable, Like-Kind Exchanges Excise taxes Credit, Claiming a Credit Diesel fuel, Dyed Diesel Fuel and Dyed Kerosene Farming purposes, Fuels Used in Farming Home use of fuels, Fuels Used for Household Purposes or Other Than as a Fuel for Propulsion Engines Off-highway uses, Fuels Used in Off-Highway Business Use Refund, Claiming a Refund F Fair market value defined, Fair market value (FMV). 2012 1040 form , Fair market value (FMV). 2012 1040 form Family member Business expenses, Special rule for related persons. 2012 1040 form Installment sale, Sale to a related person. 2012 1040 form Like-kind exchange, Like-kind exchanges between related persons. 2012 1040 form Loss on sale or exchange of property, Losses from sales or exchanges between related persons. 2012 1040 form Personal-use property, Personal-use property. 2012 1040 form Social security coverage, Family Employees Farm Business expenses, Farm Business Expenses Business, defined, Business of Farming Defined, Farm defined. 2012 1040 form , Farm. 2012 1040 form Income averaging, Income Averaging for Farmers Rental, Farm rental. 2012 1040 form Sale of, Sale of a Farm Farmer, Farmer. 2012 1040 form Federal unemployment tax (FUTA), Federal Unemployment (FUTA) Tax Fertilizer, Fertilizer and Lime, Fertilizer and Lime Foreclosure, Foreclosure or Repossession Forestation costs, Forestation and reforestation costs. 2012 1040 form Form 1099-A, Form 1099-A. 2012 1040 form , Forms 1099-A and 1099-C. 2012 1040 form 1099-C, Cancellation of Debt, Form 1099-C. 2012 1040 form , Forms 1099-A and 1099-C. 2012 1040 form 1099-G, Market Gain, Payment to More Than One Person 1099-MISC, Reminders, Nonemployee compensation. 2012 1040 form 1099-PATR, Form 1099-PATR. 2012 1040 form 1128, Introduction 2210-F, Estimated Tax Penalty for 2013 3115, Changes in Methods of Accounting 4136, Claiming a Credit 4562, Do You Have To File Form 4562? 4797, Form 4797. 2012 1040 form , Recapture. 2012 1040 form , Reporting the exchange. 2012 1040 form 4835, Rents (Including Crop Shares) 5213, Using the presumption later. 2012 1040 form 6252, Form 6252. 2012 1040 form 8822, Reminders 8824, Reporting the exchange. 2012 1040 form 8849, Claiming a Refund 8886, Reminders 940, Form 940. 2012 1040 form 943, Form 943. 2012 1040 form 982, Form 982 I-9, Form I-9. 2012 1040 form SS-4, Reminders, Employer identification number (EIN). 2012 1040 form SS-5, Obtaining a social security number. 2012 1040 form T (Timber), Form T (Timber). 2012 1040 form W-2, Form W-2. 2012 1040 form W-4, Reminders, New hire reporting. 2012 1040 form , Form W-4. 2012 1040 form W-4V, Commodity Credit Corporation (CCC) Loans, Crop Insurance and Crop Disaster Payments W-7, Obtaining an individual taxpayer identification number. 2012 1040 form Free tax services, How To Get Tax Help, Free help with your tax return. 2012 1040 form Fuel tax credit or refund, Fuel tax credit and refund. 2012 1040 form , How To Claim a Credit or Refund G Gains and losses Basis of assets, Cost Basis Capital assets, defined, Capital Assets Casualty, How To Figure a Loss, Figuring a Gain Installment sales, Installment Sales Livestock, Livestock Long- or short-term, Long and Short Term Ordinary or capital, Ordinary or Capital Gain or Loss Sale of farm, Sale of a Farm Section 1231, Section 1231 Gains and Losses Theft, How To Figure a Loss, Figuring a Gain Timber, Timber General asset accounts, How Do You Use General Asset Accounts? Gifts, Crop shares you give to others (gift). 2012 1040 form , Cost related to gifts. 2012 1040 form , Property Received as a Gift, Gift. 2012 1040 form Going into business, Business Start-Up Costs Grants, disaster relief, Federal disaster relief grants. 2012 1040 form Gross profit percentage, Gross profit percentage. 2012 1040 form Gross profit, defined, Gross profit. 2012 1040 form Guarantee, Debt not payable on demand. 2012 1040 form H Health insurance deduction, Self-employed health insurance deduction. 2012 1040 form Hedging, Hedging (Commodity Futures) Help (see Tax help) Highway use tax, Highway use tax. 2012 1040 form Holding period, Holding period. 2012 1040 form Horticultural structure, Horticultural structure. 2012 1040 form I Illegal irrigation subsidy, Illegal federal irrigation subsidy. 2012 1040 form Important dates, Important Dates for 2014 Improvements, Cost-Sharing Exclusion (Improvements) Income Accounting for, Accounting Methods Accrual method of accounting, Income Canceled debt excluded, Cancellation of Debt From farming, Farm Income, Gross income from farming. 2012 1040 form , Gross Income From Farming Gross, Gross Income Not-for-profit farming, Not-for-Profit Farming Pasture, Pasture income and rental. 2012 1040 form Schedule F, Farm Income Withholding of tax, Federal Income Tax Withholding Income averaging (see Farm: Income averaging) Incorrect amount of depreciation deducted, How Do You Correct Depreciation Deductions? Individual taxpayer identification number (ITIN), Obtaining an individual taxpayer identification number. 2012 1040 form Inherited property, Inherited Property Insolvency, Insolvency. 2012 1040 form Installment sales, Form 6252. 2012 1040 form Electing out, Electing out of the installment method. 2012 1040 form Farm, sale of, Installment Sale of a Farm Figuring income, Figuring Installment Sale Income Reporting income, Form 6252. 2012 1040 form Unstated interest, Unstated interest. 2012 1040 form Insurance, Insurance, Self-employed health insurance deduction. 2012 1040 form Intangible property, Section 197 Intangibles Interest Expense, Interest Income, Interest income. 2012 1040 form Unstated, Unstated interest. 2012 1040 form Inventory Items included, Farm Inventory Methods of valuation, Inventory valuation methods. 2012 1040 form Involuntary conversions, Involuntary Conversions, Property acquired in a like-kind exchange or involuntary conversion. 2012 1040 form , Introduction Irrigation Illegal subsidy, Illegal federal irrigation subsidy. 2012 1040 form Project, Irrigation Project L Labor hired, Labor Hired Landlord participation, Landlord Participation in Farming Lease or purchase, Lease or Purchase Life tenant (see Term interests) Like-kind exchanges, Like-Kind Exchanges, Like-Kind Exchanges Lime, Fertilizer and Lime Limits At-risk, At-Risk Limits Business use of home, Deduction limit. 2012 1040 form Capital losses, Treatment of Capital Losses Conservation expenses, Assessment for Depreciable Property, 25% Limit on Deduction Depreciation Business-use, What Is the Business-Use Requirement? Excluded farm debt, Exclusion limit. 2012 1040 form Farm losses, Losses From Operating a Farm Loss of personal-use property, Deduction Limits on Losses of Personal-Use Property Not-for-profit farming, Not-for-Profit Farming Passive activity, Passive Activity Limits Percentage depletion, Taxable income limit. 2012 1040 form Prepaid farm supplies, Deduction limit. 2012 1040 form Reforestation costs, Reforestation Costs Section 179 expense deduction Automobile, Limits for passenger automobiles. 2012 1040 form Business income, Business Income Limit Dollar, Dollar Limits Time to keep records, How Long To Keep Records Listed property Defined, What Is Listed Property? Passenger automobile, Passenger automobiles. 2012 1040 form Rules, Additional Rules for Listed Property Livestock, Section 1231 transactions. 2012 1040 form Casualty and theft losses, Livestock or produce bought for resale. 2012 1040 form Crop shares, Crop shares you use to feed livestock. 2012 1040 form Depreciation, Livestock. 2012 1040 form Diseased, Diseased livestock. 2012 1040 form Feed assistance, Feed Assistance and Payments Immature, Immature livestock. 2012 1040 form Losses, Loss of livestock. 2012 1040 form , Livestock Purchased, Purchased livestock. 2012 1040 form Raised, Raised livestock. 2012 1040 form Sale of, Sales of Farm Products, Livestock Unit-livestock-price, inventory valuation, Unit-livestock-price method. 2012 1040 form Used in a farm business, Livestock used in farm business. 2012 1040 form Weather-related sales, Sales Caused by Weather-Related Conditions, Weather-related sales of livestock. 2012 1040 form Loans, Commodity Credit Corporation (CCC) Loans, Loan expenses. 2012 1040 form Losses At-risk limits, At-Risk Limits Casualty, Casualties, Thefts, and Condemnations Disaster areas, Disaster Area Losses Farming, Farming Losses Growing crops, Loss of growing plants, produce, and crops. 2012 1040 form Hobby farming, Not-for-Profit Farming Livestock, Livestock, Diseased livestock. 2012 1040 form Nondeductible, Other Nondeductible Items Theft, Casualties, Thefts, and Condemnations Lost income payments, Lost income payments. 2012 1040 form Lost property, Mislaid or lost property. 2012 1040 form M MACRS property Involuntary conversion, Property acquired in a like-kind exchange or involuntary conversion. 2012 1040 form Like-kind exchange, Property acquired in a like-kind exchange or involuntary conversion. 2012 1040 form Nontaxable transfer, Property acquired in a nontaxable transfer. 2012 1040 form Market gain, reporting, Market Gain Marketing quota penalties, Marketing Quota Penalties Material participation, Landlord Participation in Farming Meals, Meals. 2012 1040 form Membership fees, Club dues and membership fees. 2012 1040 form Methods of accounting, Accounting Methods Modified ACRS (MACRS) ADS election, ADS election. 2012 1040 form Conventions, Which Convention Applies? Depreciation methods, Which Depreciation Method Applies? Exchange, Property acquired in a like-kind exchange or involuntary conversion. 2012 1040 form Figuring the deduction, How Is the Depreciation Deduction Figured? Involuntary conversion, Property acquired in a like-kind exchange or involuntary conversion. 2012 1040 form Nontaxable transfer, Property acquired in a nontaxable transfer. 2012 1040 form Percentage tables, Rules for using the tables. 2012 1040 form Property classes, Which Property Class Applies Under GDS? Recovery periods, Which Recovery Period Applies? N New hire reporting, New hire reporting. 2012 1040 form Noncapital asset, Noncapital Assets Nontaxable exchanges, Like-Kind Exchanges Nontaxable transfer of MACRS property, Property acquired in a nontaxable transfer. 2012 1040 form Not-for-profit farming, Not-for-Profit Farming O Organizational costs, Business start-up and organizational costs. 2012 1040 form P Partners, limited, Limited partner. 2012 1040 form Partners, retired, Retired partner. 2012 1040 form Partners, Spouse, Business Owned and Operated by Spouses. 2012 1040 form Partnership, Partnership income or loss. 2012 1040 form Passenger automobile, Passenger automobiles. 2012 1040 form Pasture income, Pasture income and rental. 2012 1040 form Patronage dividends, Patronage Dividends Payments considered received, Payments Received or Considered Received Payments received, Payments Received or Considered Received Penalties Estimated tax, Estimated Tax Penalty for 2013 Returns, Estimated Tax Penalty for 2013 Trust fund recovery, Trust fund recovery penalty. 2012 1040 form Per-unit retain certificates, Per-Unit Retain Certificates Personal expenses, Personal, Living, and Family Expenses Placed in service, Placed in Service, What Is the Placed-in-Service Date? Postponing casualty gain, Postponing Gain Prepaid expense Advance premiums, Advance premiums. 2012 1040 form Extends useful life, Prepayment. 2012 1040 form Farm supplies, Prepaid Farm Supplies Livestock feed, Prepaid Livestock Feed Prizes, Prizes. 2012 1040 form Produce, Sales of Farm Products Property Changed to business use, Property changed from personal to business or rental use. 2012 1040 form Received for services, Property received for services. 2012 1040 form Repairs and improvements, How Do You Treat Repairs and Improvements? Section 1231, Section 1231 transactions. 2012 1040 form Section 1245, Section 1245 Property Section 1250, Section 1250 Property Section 1252, Section 1252 property. 2012 1040 form Section 1255, Section 1255 property. 2012 1040 form Tangible personal, Tangible personal property. 2012 1040 form Publications (see Tax help) Q Qualified disaster relief payments, Qualified disaster relief payments. 2012 1040 form Qualified farm debt, Qualified Farm Debt Qualified joint venture, Qualified joint venture. 2012 1040 form Qualified principal residence debt, Qualified Principal Residence Debt R Recapture Amortization, Depreciation and amortization. 2012 1040 form Basis reductions, Recapture of basis reductions. 2012 1040 form Certain depreciation, Recapture of certain depreciation. 2012 1040 form Cost-sharing payments, Recapture. 2012 1040 form Depreciation, When Do You Recapture MACRS Depreciation?, Depreciation Recapture, Depreciation recapture. 2012 1040 form Section 1245 property, Section 1245 Property Section 1250 property, Section 1250 Property Section 179 expense deduction, When Must You Recapture the Deduction? Section 179 GO Zone property, Recapture for qualified section 179 GO Zone property. 2012 1040 form Special depreciation allowance, When Must You Recapture an Allowance Recordkeeping, Importance of Records, Meals. 2012 1040 form Records on depreciable property, Depreciation Recapture Reforestation costs, Forestation and reforestation costs. 2012 1040 form , Reforestation Costs Refund Deduction taken, Refund or reimbursement. 2012 1040 form Fuel tax, Fuel tax credit and refund. 2012 1040 form , Including the Credit or Refund in Income Reimbursements Casualties and thefts, Casualty and theft losses. 2012 1040 form , Casualties and Thefts, Insurance and other reimbursements. 2012 1040 form Deduction taken, Refund or reimbursement. 2012 1040 form Expenses, Reimbursed expenses. 2012 1040 form Feed assistance, Feed Assistance and Payments Real estate taxes, Real estate taxes. 2012 1040 form Reforestation expenses, Qualifying costs. 2012 1040 form To employees, Reimbursements to employees. 2012 1040 form Related persons, Special rule for related persons. 2012 1040 form , Losses from sales or exchanges between related persons. 2012 1040 form , Special rules for related persons. 2012 1040 form , Like-kind exchanges between related persons. 2012 1040 form , Sale to a related person. 2012 1040 form , Buying replacement property from a related person. 2012 1040 form , Related persons. 2012 1040 form Rental income, Rents (Including Crop Shares) Rented property, improvements, Improvements to rented property. 2012 1040 form Repairs, Repairs and Maintenance Repairs and improvements, How Do You Treat Repairs and Improvements? Repayment of income, Repayment of income. 2012 1040 form Replacement Period, Replacement Period Property, Replacement Property Reportable transactions. 2012 1040 form , Reminders Repossessions, Foreclosure or Repossession Right-of-way income, Easements and rights-of-way. 2012 1040 form S Sale of home, Sale of your home. 2012 1040 form Section 179 expense deduction, Section 179 Expense Deduction How to elect, How Do You Elect the Deduction? Listed property, Additional Rules for Listed Property Qualifying property, What Property Qualifies? Recapture, When Must You Recapture the Deduction? Self-employed health insurance, Self-employed health insurance deduction. 2012 1040 form Self-employed health insurance deduction, Self-employed health insurance deduction. 2012 1040 form Self-employment tax Community property, Community property. 2012 1040 form Deduction, Deduction for employer-equivalent portion of self-employment tax. 2012 1040 form How to pay, How To Pay Self-Employment Tax Landlord participation, Landlord Participation in Farming Material participation, Material participation for landlords. 2012 1040 form Maximum net earnings, What's New for 2013 Methods for figuring net earnings, Methods for Figuring Net Earnings Optional method, Farm Optional Method Regular method, Regular Method Rental income, Landlord Participation in Farming Reporting, Reporting Self-Employment Tax Self-employment tax rate, Self-employment tax rate. 2012 1040 form Share farming, Share farmer. 2012 1040 form Tax rates, What's New for 2013 Who must pay, Who Must Pay Self-Employment Tax? Selling expenses, Selling expenses. 2012 1040 form Selling price Defined, Selling price. 2012 1040 form Reduced, Selling price reduced. 2012 1040 form Settlement costs (fees), Settlement costs. 2012 1040 form Social security and Medicare Credits of coverage, Earning credits in 2013. 2012 1040 form Withholding of tax, Social Security and Medicare Taxes Social security number, Obtaining a social security number. 2012 1040 form Software, computer, Computer software. 2012 1040 form Soil Conservation, Conservation Expenses Contamination, Soil or other environmental contamination. 2012 1040 form Special depreciation allowance How to elect not to claim, How Can You Elect Not To Claim the Allowance? Recapture, When Must You Recapture an Allowance Standard mileage rate, Standard mileage rate. 2012 1040 form Start-up costs for businesses, Business start-up and organizational costs. 2012 1040 form Suggestions for publication, Comments and suggestions. 2012 1040 form T Tangible personal property, Tangible personal property. 2012 1040 form Tax help, How To Get Tax Help Tax preparation fees, Tax preparation fees. 2012 1040 form Tax shelter At-risk limits, At-Risk Limits Defined, Tax shelter. 2012 1040 form Tax-free exchanges, Like-Kind Exchanges Taxes Excise, Excise Taxes Federal use, Highway use tax. 2012 1040 form General, Taxes Self-employment, Self-Employment Tax State and federal, State and federal income taxes. 2012 1040 form State and local general sales, State and local general sales taxes. 2012 1040 form Withholding, Federal income tax withholding. 2012 1040 form , Social Security and Medicare Taxes, Federal Income Tax Withholding Telephone expense, Telephone expense. 2012 1040 form Tenant house expenses, Tenant House Expenses Term interests, Certain term interests in property. 2012 1040 form Theft losses, Casualties, Thefts, and Condemnations Timber, Timber. 2012 1040 form , Timber Depletion, Timber Tobacco quota buyout payments, Tobacco Quota Buyout Program Payments Tobacco settlement payments, National Tobacco Growers' Settlement Trust Fund Payments Trade-in, Sale and Purchase Travel expenses, Travel Expenses Truck expenses, Truck and Car Expenses Trust fund recovery penalty, Trust fund recovery penalty. 2012 1040 form TTY/TDD information, How To Get Tax Help U Uniform capitalization rules Basis of assets, Uniform Capitalization Rules Inventory, Uniform capitalization rules. 2012 1040 form Unstated interest, Unstated interest. 2012 1040 form W Wages and salaries, Wages and salaries. 2012 1040 form Water conservation, Conservation Expenses Water well, Water well. 2012 1040 form , Water wells. 2012 1040 form Weather-related sales, livestock, Sales Caused by Weather-Related Conditions, Weather-related sales of livestock. 2012 1040 form Withholding Income tax, Federal Income Tax Withholding Social security and Medicare tax, Social Security and Medicare Taxes Prev  Up     Home   More Online Publications