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2012 Tax Preparation Software

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2012 Tax Preparation Software

2012 tax preparation software Index Symbols 28% rate gain, Collectibles (28% rate) gain. 2012 tax preparation software , Figuring 28% rate gain (line 11). 2012 tax preparation software A Adjustments to income, defined, Adjustment to income. 2012 tax preparation software Age 65 or older dependents, Both Earned and Unearned Income Aliens Individual taxpayer identification number (ITIN), Reminders Standard deduction, Standard Deduction of Zero Alternative minimum tax (AMT), Other Filing Requirements, Alternative minimum tax. 2012 tax preparation software , Alternative Minimum Tax Assistance (see Tax help) B Blind dependents, filing requirements, Both Earned and Unearned Income C Capital gain distributions, Capital gain distributions. 2012 tax preparation software Capital losses, Capital loss. 2012 tax preparation software Child's earnings, Child's earnings. 2012 tax preparation software Child's expenses, Child's expenses. 2012 tax preparation software Child's return Responsibility for, Should a Return Be Filed Even If Not Required?, Child's expenses. 2012 tax preparation software Child's unearned income Tax on, Renewing an exemption from withholding. 2012 tax preparation software Church, wages from, Other Filing Requirements Credits, reduced, Reduced deductions or credits. 2012 tax preparation software D Deductible investment interest, Deductible investment interest. 2012 tax preparation software Deductions, Deductions you cannot take. 2012 tax preparation software Deductions, reduced, Reduced deductions or credits. 2012 tax preparation software Dependents Exemption for, Standard Deduction of Zero Own exemption, Standard Deduction of Zero Social security numbers (SSNs) of, Reminders Divorced parents, reporting child's unearned income, Parents are divorced. 2012 tax preparation software E Earned income, Earned Income Only, Both Earned and Unearned Income Education credit, recaptured, Other Filing Requirements Election to include child's income on parent's return, Parent's Election To Report Child's Interest and Dividends, How to make the election. 2012 tax preparation software , Estimated tax, penalty, Penalty for underpayment of estimated tax. 2012 tax preparation software Exemption Own exemption — dependent, Dependent's Own Exemption Exemption from withholding, Claiming exemption from withholding. 2012 tax preparation software Extension of time to file, Extension of time to file. 2012 tax preparation software F Figures (see Tables and figures) Figuring child's income, Penalty for underpayment of estimated tax. 2012 tax preparation software Filing requirements, Part 1. 2012 tax preparation software Rules for All Dependents, Should a Return Be Filed Even If Not Required? Form 1040 Schedule A, Directly connected. 2012 tax preparation software Schedule J, Using Schedule J (Form 1040), for line 9 tax. 2012 tax preparation software , Using Schedule J for line 15 tax. 2012 tax preparation software Form 1040A Filled in example, Form 1099-DIV, Collectibles (28% rate) gain. 2012 tax preparation software Form 2555, Child files Form 2555 or 2555-EZ. 2012 tax preparation software , Parent files Form 2555 or 2555-EZ. 2012 tax preparation software , Child files Form 2555 or 2555-EZ. 2012 tax preparation software , Child files Form 2555 or 2555-EZ. 2012 tax preparation software , Child files Form 2555 or 2555-EZ. 2012 tax preparation software , Child files Form 2555 or 2555-EZ. 2012 tax preparation software Form 2555-EZ, Child files Form 2555 or 2555-EZ. 2012 tax preparation software , Parent files Form 2555 or 2555-EZ. 2012 tax preparation software , Child files Form 2555 or 2555-EZ. 2012 tax preparation software , Child files Form 2555 or 2555-EZ. 2012 tax preparation software , Child files Form 2555 or 2555-EZ. 2012 tax preparation software , Child files Form 2555 or 2555-EZ. 2012 tax preparation software Form 2848, Designated as representative. 2012 tax preparation software , How to request. 2012 tax preparation software Form 6251, Alternative minimum tax. 2012 tax preparation software , Limit on exemption amount (AMT). 2012 tax preparation software Form 8615, Providing Parental Information (Form 8615, Lines A–C), Line 18 (Tax) Filled in example, Form 8814, How to make the election. 2012 tax preparation software , Figuring Child's Income, Figuring Additional Tax Form W-4, Claiming exemption from withholding. 2012 tax preparation software Free tax services, Free help with your tax return. 2012 tax preparation software G Gift, income from property received as, Income from property received as a gift. 2012 tax preparation software H Help (see Tax help) I Individual taxpayer identification numbers (ITINs), Reminders Investment interest, Deductible investment interest. 2012 tax preparation software IRS notice sent to child, IRS notice. 2012 tax preparation software Itemized deductions Directly connected, Directly connected. 2012 tax preparation software J Joint return of parents, Which Parent's Return To Use L Life insurance, Other Filing Requirements Limit on exemption amount (AMT) Alternative Minimum Tax — Limit on exemption amount, Limit on exemption amount (AMT). 2012 tax preparation software M Married parents filing separately, Parents are married. 2012 tax preparation software Medicare tax, Other Filing Requirements Missing children, photographs of, Reminders N Net capital gain, Net capital gain. 2012 tax preparation software Net unearned income, Line 5 (Net Unearned Income) P Parents Election (see Election to include child's income on parent's return) Which parent's return to use, Which Parent's Return To Use Penalty, estimated tax, Penalty for underpayment of estimated tax. 2012 tax preparation software Publications (see Tax help) Q Qualified dividends, Qualified dividends. 2012 tax preparation software , Qualified dividends. 2012 tax preparation software R Recapture taxes, Other Filing Requirements Remarried custodial parent, reporting child's unearned income, Custodial parent remarried. 2012 tax preparation software Remarried widowed parent, reporting child's unearned income, Widowed parent remarried. 2012 tax preparation software Returns Filing even if not required, Should a Return Be Filed Even If Not Required? Parent's election to include child's income (see Election to include child's income on parent's return) Responsibility for child's return, Responsibility for Child's Return, Child's expenses. 2012 tax preparation software Signing child's return, Signing the child's return. 2012 tax preparation software Who must file, Filing Requirements, Should a Return Be Filed Even If Not Required? S Schedule D Tax Worksheet, Using the Schedule D Tax Worksheet for line 9 tax. 2012 tax preparation software , Figuring 28% rate gain (line 11). 2012 tax preparation software , Using the Schedule D Tax Worksheet for line 15 tax. 2012 tax preparation software Section 1202 gain, Section 1202 gain. 2012 tax preparation software Self-employed, filing requirements, Other Filing Requirements Separated parents, reporting child's unearned income, Parents not living together. 2012 tax preparation software Signing child's return, Signing the child's return. 2012 tax preparation software Social security numbers (SSNs) of dependents, Reminders Social security tax, Other Filing Requirements Standard deduction, Standard Deduction, Standard Deduction of Zero Worksheet for dependents (Worksheet 1), Worksheet 1. 2012 tax preparation software Zero, Standard Deduction of Zero T Tables and figures Determining whether Form 8615 is required (Figure 2), Election to include child's income on parent's return (Figure 1), Filing requirements for dependents (Table 1), Table 1. 2012 tax preparation software 2013 Filing Requirements for Dependents Tax help, How to request. 2012 tax preparation software , How To Get Tax Help Tax on child's unearned income, Renewing an exemption from withholding. 2012 tax preparation software Age requirement, Certain January 1 birthdays. 2012 tax preparation software Figured on Form 8615, Tax for Certain Children Who Have Unearned Income Third party designee, Third party designee. 2012 tax preparation software Tips not reported to employer, Other Filing Requirements Trust income, Trust income. 2012 tax preparation software TTY/TDD information, How To Get Tax Help U Unearned income, Unearned Income Only, Both Earned and Unearned Income Defined, Unearned income defined. 2012 tax preparation software Election to include child's income on parent's return (see Election to include child's income on parent's return) Tax on, Part 2. 2012 tax preparation software Tax on Unearned Income of Certain Children Unrecaptured section 1250 gain, Unrecaptured section 1250 gain. 2012 tax preparation software , Figuring unrecaptured section 1250 gain (line 11). 2012 tax preparation software W Withholding, Withholding From Wages Worksheets Dependent's filing requirement, Both Earned and Unearned Income Form 8615 alternate worksheet, Line 1 (Unearned Income) Qualified dividends and capital gain tax, Line 9 (Tax on Parent's Taxable Income Plus Children's Net Unearned Income) Schedule D Tax, Figuring 28% rate gain (line 11). 2012 tax preparation software Standard deduction worksheet for dependents (Worksheet 1), Worksheet 1. 2012 tax preparation software Unrecaptured section 1250 gain, Figuring unrecaptured section 1250 gain (line 11). 2012 tax preparation software Prev  Up     Home   More Online Publications
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Understanding Your CP72 Notice

You may have claimed a frivolous position on your tax return. A frivolous return is identified when some information on the return has no basis in the law.


What you need to do

  • File a corrected return within 30 days of the notice

You may want to

  • Review this notice with your tax preparer
  • Read about deductions and credits in Publication 17
  • Call us at the number shown on your notice
  • Review the Publication 2105 you received

Answers to Common Questions

What is this notice telling me?
Based on information on your return, it appears you have taken a frivolous position. A frivolous position is one that has no basis in the law.

What do I have to do?
Within 30 days of the notice date, you must file a corrected return removing the frivolous position. If you don't, a penalty of $5000 can be assessed on each frivolous return filed.


Tax publications you may find useful

The Truth About Frivolous Tax Arguments

Page Last Reviewed or Updated: 06-Mar-2014

Printable samples of this notice (PDF)

 

 

How to get help

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

The 2012 Tax Preparation Software

2012 tax preparation software Publication 531 - Introductory Material Table of Contents Future Developments What's New Reminder IntroductionOrdering forms and publications. 2012 tax preparation software Tax questions. 2012 tax preparation software Future Developments For the latest information about developments related to Publication 531, such as legislation enacted after this publication was published, go to www. 2012 tax preparation software irs. 2012 tax preparation software gov/pub531. 2012 tax preparation software What's New Additional Medicare Tax. 2012 tax preparation software  Beginning in 2013, a 0. 2012 tax preparation software 9% Additional Medicare Tax applies to Medicare wages, Railroad Retirement Tax Act (RRTA) compensation, and self-employment income that are more than: $125,000 if married filing separately, $250,000 if married filing jointly, or $200,000 for any other filing status. 2012 tax preparation software An employer is required to withhold Additional Medicare Tax on any Medicare wages or RRTA compensation it pays to an employee in excess of $200,000 in a calendar year without regard to the employee's filing status. 2012 tax preparation software An employer is required to begin withholding Additional Medicare Tax in the pay period in which it pays wages or compensation in excess of $200,000 to an employee and continue to withhold it until the end of the calendar year. 2012 tax preparation software Additional Medicare Tax is only imposed on the employee. 2012 tax preparation software There is no employer share of Additional Medicare Tax. 2012 tax preparation software All wages and compensation that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. 2012 tax preparation software Tips are subject to Additional Medicare Tax withholding, if, in combination with other wages paid by the employer, they exceed the $200,000 withholding threshold. 2012 tax preparation software Similarly, tips are subject to Additional Medicare Tax withholding, if, in combination with other RRTA compensation paid by the employer, they exceed the $200,000 withholding threshold. 2012 tax preparation software For more information on Additional Medicare Tax, go to www. 2012 tax preparation software irs. 2012 tax preparation software gov and enter “Additional Medicare Tax” in the search box. 2012 tax preparation software Reminder Photographs of missing children. 2012 tax preparation software  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. 2012 tax preparation software Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. 2012 tax preparation software You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. 2012 tax preparation software Introduction This publication is for employees who receive tips. 2012 tax preparation software All tips you receive are income and are subject to federal income tax. 2012 tax preparation software You must include in gross income all tips you receive directly, charged tips paid to you by your employer, and your share of any tips you receive under a tip-splitting or tip-pooling arrangement. 2012 tax preparation software The value of noncash tips, such as tickets, passes, or other items of value, is also income and subject to tax. 2012 tax preparation software Reporting your tip income correctly is not difficult. 2012 tax preparation software You must do three things. 2012 tax preparation software Keep a daily tip record. 2012 tax preparation software Report tips to your employer. 2012 tax preparation software Report all your tips on your income tax return. 2012 tax preparation software  This publication will explain these three things and show you what to do on your tax return if you have not done the first two. 2012 tax preparation software This publication will also show you how to treat allocated tips. 2012 tax preparation software Comments and suggestions. 2012 tax preparation software   We welcome your comments about this publication and your suggestions for future editions. 2012 tax preparation software   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. 2012 tax preparation software NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. 2012 tax preparation software Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. 2012 tax preparation software   You can send your comments from www. 2012 tax preparation software irs. 2012 tax preparation software gov/formspubs/. 2012 tax preparation software Click on “More Information” and then on “Comment on Tax Forms and Publications”. 2012 tax preparation software   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. 2012 tax preparation software Ordering forms and publications. 2012 tax preparation software   Visit www. 2012 tax preparation software irs. 2012 tax preparation software gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. 2012 tax preparation software Internal Revenue Service 1201 N. 2012 tax preparation software Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. 2012 tax preparation software   If you have a tax question, check the information available on IRS. 2012 tax preparation software gov or call 1-800-829-1040. 2012 tax preparation software We cannot answer tax questions sent to either of the above addresses. 2012 tax preparation software Prev  Up  Next   Home   More Online 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