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2013 Income Tax Forms 1040ez

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2013 Income Tax Forms 1040ez

2013 income tax forms 1040ez Publication 901 - Introductory Material Table of Contents Future Developments Reminders IntroductionOrdering forms and publications. 2013 income tax forms 1040ez Tax questions. 2013 income tax forms 1040ez Obtaining copies of treaties. 2013 income tax forms 1040ez Useful Items - You may want to see: Future Developments For the latest information about developments related to Publication 901, such as treaties effective after it was published, go to www. 2013 income tax forms 1040ez irs. 2013 income tax forms 1040ez gov/pub901. 2013 income tax forms 1040ez Reminders Disclosure of a treaty-based position that reduces your tax. 2013 income tax forms 1040ez  If you take the position that any U. 2013 income tax forms 1040ez S. 2013 income tax forms 1040ez tax is overruled or otherwise reduced by a U. 2013 income tax forms 1040ez S. 2013 income tax forms 1040ez treaty (a treaty-based position), you generally must disclose that position on your affected return. 2013 income tax forms 1040ez See Application of Treaties, later. 2013 income tax forms 1040ez U. 2013 income tax forms 1040ez S. 2013 income tax forms 1040ez –U. 2013 income tax forms 1040ez S. 2013 income tax forms 1040ez S. 2013 income tax forms 1040ez R. 2013 income tax forms 1040ez income tax treaty. 2013 income tax forms 1040ez  The U. 2013 income tax forms 1040ez S. 2013 income tax forms 1040ez –U. 2013 income tax forms 1040ez S. 2013 income tax forms 1040ez S. 2013 income tax forms 1040ez R. 2013 income tax forms 1040ez income tax treaty remains in effect for the following members of the Commonwealth of Independent States: Armenia, Azerbaijan, Belarus, Georgia, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, and Uzbekistan. 2013 income tax forms 1040ez That treaty will remain in effect until new treaties with these individual countries are negotiated and ratified. 2013 income tax forms 1040ez Provisions of the U. 2013 income tax forms 1040ez S. 2013 income tax forms 1040ez –U. 2013 income tax forms 1040ez S. 2013 income tax forms 1040ez S. 2013 income tax forms 1040ez R. 2013 income tax forms 1040ez income tax treaty are discussed in this publication under Commonwealth of Independent States. 2013 income tax forms 1040ez U. 2013 income tax forms 1040ez S. 2013 income tax forms 1040ez –China income tax treaty. 2013 income tax forms 1040ez  The U. 2013 income tax forms 1040ez S. 2013 income tax forms 1040ez –China income tax treaty does not apply to Hong Kong. 2013 income tax forms 1040ez Introduction This publication will tell you whether a tax treaty between the United States and a particular country offers a reduced rate of, or possibly a complete exemption from, U. 2013 income tax forms 1040ez S. 2013 income tax forms 1040ez income tax for residents of that particular country. 2013 income tax forms 1040ez Tables in the back of this publication show the countries that have income tax treaties with the United States, the tax rates on different kinds of income, and the kinds of income that are exempt from tax. 2013 income tax forms 1040ez You should use this publication only for quick reference. 2013 income tax forms 1040ez It is not a complete guide to all provisions of every income tax treaty. 2013 income tax forms 1040ez Comments and suggestions. 2013 income tax forms 1040ez   We welcome your comments about this publication and your suggestions for future editions. 2013 income tax forms 1040ez   You can write to us at the following address: Internal Revenue Service Business Forms and Publications Branch SE:W:CAR:MP:T:B 1111 Constitution Ave. 2013 income tax forms 1040ez NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. 2013 income tax forms 1040ez Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. 2013 income tax forms 1040ez   You can email us at taxforms@irs. 2013 income tax forms 1040ez gov. 2013 income tax forms 1040ez Please put “Publications Comment” on the subject line. 2013 income tax forms 1040ez You can also send us comments from www. 2013 income tax forms 1040ez irs. 2013 income tax forms 1040ez gov/formspubs. 2013 income tax forms 1040ez Select “Comment on Tax Forms and Publications” under “Information About. 2013 income tax forms 1040ez ”   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. 2013 income tax forms 1040ez Ordering forms and publications. 2013 income tax forms 1040ez   Visit www. 2013 income tax forms 1040ez irs. 2013 income tax forms 1040ez gov/formspubs to download forms and publications, call 1-800-829-3676, or write to the address below and receive a response within 10 days after your request is received. 2013 income tax forms 1040ez Internal Revenue Service 1201 N. 2013 income tax forms 1040ez Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. 2013 income tax forms 1040ez   If you have a tax question, check the information available on IRS. 2013 income tax forms 1040ez gov or call 1-800-829-1040. 2013 income tax forms 1040ez We cannot answer tax questions sent to either of the above addresses. 2013 income tax forms 1040ez Obtaining copies of treaties. 2013 income tax forms 1040ez   You can get complete information about treaty provisions from the taxing authority in the country from which you receive income or from the treaty itself. 2013 income tax forms 1040ez   You can obtain the text of most of the treaties at www. 2013 income tax forms 1040ez irs. 2013 income tax forms 1040ez gov/businesses/international. 2013 income tax forms 1040ez You can also obtain the text of most of the treaties at the following address: Department of the Treasury Office of Public Correspondence 1500 Pennsylvania Ave. 2013 income tax forms 1040ez NW — Rm. 2013 income tax forms 1040ez 3419 Washington, D. 2013 income tax forms 1040ez C. 2013 income tax forms 1040ez 20220 If you have specific questions about a treaty, you can get this information from most Internal Revenue Service offices or from: Internal Revenue Service International Section Philadelphia, PA 19255-0725 Useful Items - You may want to see: Publication 519 U. 2013 income tax forms 1040ez S. 2013 income tax forms 1040ez Tax Guide for Aliens 597 Information on the United States–Canada Income Tax Treaty Form (and Instructions) 8833 Treaty-Based Return Position Disclosure Under Section 6114 or 7701(b) See How To Get Tax Help near the end of this publication for information about getting these publications and forms. 2013 income tax forms 1040ez Prev  Up  Next   Home   More Online Publications
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How to get help

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Answers to Common Questions

Why can't the IRS send me a direct deposit refund for my return from two years ago?
A Direct deposit refund is only available for this year's return. We mail refund checks for returns from earlier years.

What do I need to do next year to get my refund through a direct deposit?
Complete a Form 8050, Direct Deposit of Corporate Tax Refund and attach it to your return next year when you file your Form 1120, U.S. Corporation Income Tax Return, or your Form 1120S, U.S. Income Tax Return for an S Corporation.

Complete the requested banking information in the "Direct Deposit" section of your tax form the next time you file a Form 8038-CP, Return for Credit Payments to Issuers of Qualified Bonds.


Tips for next year

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

Page Last Reviewed or Updated: 26-Mar-2014

The 2013 Income Tax Forms 1040ez

2013 income tax forms 1040ez 10. 2013 income tax forms 1040ez   Business Bad Debts Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Definition of Business Bad DebtAccrual method. 2013 income tax forms 1040ez Cash method. 2013 income tax forms 1040ez Debt acquired from a decedent. 2013 income tax forms 1040ez Liquidation. 2013 income tax forms 1040ez Types of Business Bad Debts When a Debt Becomes Worthless How To Claim a Business Bad DebtSpecific Charge-Off Method Nonaccrual-Experience Method Recovery of a Bad DebtNet operating loss (NOL) carryover. 2013 income tax forms 1040ez Introduction You have a bad debt if you cannot collect money owed to you. 2013 income tax forms 1040ez A bad debt is either a business bad debt or a nonbusiness bad debt. 2013 income tax forms 1040ez This chapter discusses only business bad debts. 2013 income tax forms 1040ez Generally, a business bad debt is one that comes from operating your trade or business. 2013 income tax forms 1040ez You can deduct business bad debts on Schedule C (Form 1040) or your applicable business income tax return. 2013 income tax forms 1040ez All other bad debts are nonbusiness bad debts and are deductible only as short-term capital losses. 2013 income tax forms 1040ez For more information on nonbusiness bad debts, see Publication 550. 2013 income tax forms 1040ez Topics - This chapter discusses: Definition of business bad debt When a debt becomes worthless How to claim a business bad debt Recovery of a bad debt Useful Items - You may want to see: Publication 525 Taxable and Nontaxable Income 536 Net Operating Losses (NOLs) for Individuals, Estates, and Trusts 544 Sales and Other Dispositions of Assets 550 Investment Income and Expenses 556 Examination of Returns, Appeal Rights, and Claims for Refund Form (and Instructions) Schedule C (Form 1040) Profit or Loss From Business 1040X Amended U. 2013 income tax forms 1040ez S. 2013 income tax forms 1040ez Individual Income Tax Return 1045 Application for Tentative Refund 1139 Corporation Application for Tentative Refund 3115 Application for Change in Accounting Method See chapter 12 for information about getting publications and forms. 2013 income tax forms 1040ez Definition of Business Bad Debt A business bad debt is a loss from the worthlessness of a debt that was either: Created or acquired in your trade or business, or Closely related to your trade or business when it became partly or totally worthless. 2013 income tax forms 1040ez A debt is closely related to your trade or business if your primary motive for incurring the debt is business related. 2013 income tax forms 1040ez Bad debts of a corporation (other than an S corporation) are always business bad debts. 2013 income tax forms 1040ez Credit sales. 2013 income tax forms 1040ez   Business bad debts are mainly the result of credit sales to customers. 2013 income tax forms 1040ez Goods that have been sold, but not yet paid for, and services that have been performed, but not yet paid for, are recorded in your books as either accounts receivable or notes receivable. 2013 income tax forms 1040ez After a reasonable period of time, if you have tried to collect the amount due, but are unable to do so, the uncollectible part becomes a business bad debt. 2013 income tax forms 1040ez   Accounts or notes receivable valued at fair market value (FMV) when received are deductible only at that value, even though the FMV may be less than the face value. 2013 income tax forms 1040ez If you purchased an account receivable for less than its face value, and the receivable subsequently becomes worthless, the most you are allowed to deduct is the amount you paid to acquire it. 2013 income tax forms 1040ez    You can claim a business bad debt deduction only if the amount owed to you was previously included in gross income. 2013 income tax forms 1040ez This applies to amounts owed to you from all sources of taxable income, including sales, services, rents, and interest. 2013 income tax forms 1040ez Accrual method. 2013 income tax forms 1040ez   If you use the accrual method of accounting, you generally report income as you earn it. 2013 income tax forms 1040ez You can only claim a bad debt deduction for an uncollectible receivable if you have previously included the uncollectible amount in income. 2013 income tax forms 1040ez   If you qualify, you can use the nonaccrual-experience method of accounting discussed later. 2013 income tax forms 1040ez Under this method, you do not have to accrue income that, based on your experience, you do not expect to collect. 2013 income tax forms 1040ez Cash method. 2013 income tax forms 1040ez   If you use the cash method of accounting, you generally report income when you receive payment. 2013 income tax forms 1040ez You cannot claim a bad debt deduction for amounts owed to you because you never included those amounts in income. 2013 income tax forms 1040ez For example, a cash basis architect cannot claim a bad debt deduction if a client fails to pay the bill because the architect's fee was never included in income. 2013 income tax forms 1040ez Debts from a former business. 2013 income tax forms 1040ez   If you sell your business but retain its receivables, these debts are business debts because they arose out of your trade or business. 2013 income tax forms 1040ez If any of these receivables subsequently become worthless, the loss is still a business bad debt. 2013 income tax forms 1040ez Debt acquired from a decedent. 2013 income tax forms 1040ez   The character of a loss from debts of a business acquired from a decedent is determined in the same way as debts acquired on the purchase of a business. 2013 income tax forms 1040ez The executor of the decedent's estate treats any loss from the debts as a business bad debt if the debts were closely related to the decedent's trade or business when they became worthless. 2013 income tax forms 1040ez Otherwise, a loss from these debts becomes a nonbusiness bad debt for the decedent's estate. 2013 income tax forms 1040ez Liquidation. 2013 income tax forms 1040ez   If you liquidate your business and some of the accounts receivable that you retain become worthless, they become business bad debts. 2013 income tax forms 1040ez Types of Business Bad Debts Business bad debts may result from the following. 2013 income tax forms 1040ez Loans to clients and suppliers. 2013 income tax forms 1040ez   If you loan money to a client, supplier, employee, or distributor for a business reason and you are unable to collect the loan after attempting to do so, you have a business bad debt. 2013 income tax forms 1040ez Debts owed by political parties. 2013 income tax forms 1040ez   If a political party (or other organization that accepts contributions or spends money to influence elections) owes you money and the debt becomes worthless, you can claim a bad debt deduction only if all of the following requirements are met. 2013 income tax forms 1040ez You use the accrual method of accounting. 2013 income tax forms 1040ez The debt arose from the sale of goods or services in the ordinary course of your trade or business. 2013 income tax forms 1040ez More than 30% of your receivables accrued in the year of the sale were from sales to political parties. 2013 income tax forms 1040ez You made substantial and continuing efforts to collect on the debt. 2013 income tax forms 1040ez Loan or capital contribution. 2013 income tax forms 1040ez   You cannot claim a bad debt deduction for a loan you made to a corporation if, based on the facts and circumstances, the loan is actually a contribution to capital. 2013 income tax forms 1040ez Debts of an insolvent partner. 2013 income tax forms 1040ez   If your business partnership breaks up and one of your former partners becomes insolvent, you may have to pay more than your pro rata share of the partnership's debts. 2013 income tax forms 1040ez If you pay any part of the insolvent partner's share of the debts, you can claim a bad debt deduction for the amount you paid that is attributable to the insolvent partner's share. 2013 income tax forms 1040ez Business loan guarantee. 2013 income tax forms 1040ez   If you guarantee a debt that subsequently becomes worthless, the debt can qualify as a business bad debt if all the following requirements are met. 2013 income tax forms 1040ez You made the guarantee in the course of your trade or business. 2013 income tax forms 1040ez You have a legal duty to pay the debt. 2013 income tax forms 1040ez You made the guarantee before the debt became worthless. 2013 income tax forms 1040ez You meet this requirement if you reasonably expected you would not have to pay the debt without full reimbursement from the borrower. 2013 income tax forms 1040ez You received reasonable consideration for making the guarantee. 2013 income tax forms 1040ez You meet this requirement if you made the guarantee in accord with normal business practice or for a good faith business purpose. 2013 income tax forms 1040ez Example. 2013 income tax forms 1040ez Jane Zayne owns the Zayne Dress Company. 2013 income tax forms 1040ez She guaranteed payment of a $20,000 note for Elegant Fashions, a dress outlet. 2013 income tax forms 1040ez Elegant Fashions is one of Zayne's largest clients. 2013 income tax forms 1040ez Elegant Fashions later defaulted on the loan. 2013 income tax forms 1040ez As a result, Ms. 2013 income tax forms 1040ez Zayne paid the remaining balance of the loan in full to the bank. 2013 income tax forms 1040ez She can claim a business bad debt deduction only for the amount she paid, since her guarantee was made in the course of her trade or business for a good faith business purpose. 2013 income tax forms 1040ez She was motivated by the desire to retain one of her better clients and keep a sales outlet. 2013 income tax forms 1040ez Deductible in the year paid. 2013 income tax forms 1040ez   If you make a payment on a loan you guaranteed, you can deduct it in the year paid, unless you have rights against the borrower. 2013 income tax forms 1040ez Rights against a borrower. 2013 income tax forms 1040ez   When you make payment on a loan you guaranteed, you may have the right to take the place of the lender. 2013 income tax forms 1040ez The debt is then owed to you. 2013 income tax forms 1040ez If you have this right, or some other right to demand payment from the borrower, you cannot claim a bad debt deduction until these rights become partly or totally worthless. 2013 income tax forms 1040ez Joint debtor. 2013 income tax forms 1040ez   If two or more debtors jointly owe you money, your inability to collect from one does not enable you to deduct a proportionate amount as a bad debt. 2013 income tax forms 1040ez Sale of mortgaged property. 2013 income tax forms 1040ez   If mortgaged or pledged property is sold for less than the debt, the unpaid, uncollectible balance of the debt is a bad debt. 2013 income tax forms 1040ez When a Debt Becomes Worthless A debt becomes worthless when there is no longer any chance the amount owed will be paid. 2013 income tax forms 1040ez This may occur when the debt is due or prior to that date. 2013 income tax forms 1040ez To demonstrate worthlessness, you must only show that you have taken reasonable steps to collect the debt but were unable to do so. 2013 income tax forms 1040ez It is not necessary to go to court if you can show that a judgment from the court would be uncollectible. 2013 income tax forms 1040ez Bankruptcy of your debtor is generally good evidence of the worthlessness of at least a part of an unsecured and unpreferred debt. 2013 income tax forms 1040ez Property received for debt. 2013 income tax forms 1040ez   If you receive property in partial settlement of a debt, reduce the debt by the property's FMV, which becomes the property's basis. 2013 income tax forms 1040ez You can deduct the remaining debt as a bad debt if and when it becomes worthless. 2013 income tax forms 1040ez   If you later sell the property for more than its basis, any gain on the sale is due to the appreciation of the property. 2013 income tax forms 1040ez It is not a recovery of a bad debt. 2013 income tax forms 1040ez For information on the sale of an asset, see Publication 544. 2013 income tax forms 1040ez How To Claim a Business Bad Debt There are two methods to claim a business bad debt. 2013 income tax forms 1040ez The specific charge-off method. 2013 income tax forms 1040ez The nonaccrual-experience method. 2013 income tax forms 1040ez Generally, you must use the specific charge-off method. 2013 income tax forms 1040ez However, you may use the nonaccrual-experience method if you meet the requirements discussed later under Nonaccrual-Experience Method . 2013 income tax forms 1040ez Specific Charge-Off Method If you use the specific charge-off method, you can deduct specific business bad debts that become either partly or totally worthless during the tax year. 2013 income tax forms 1040ez However, with respect to partly worthless bad debts, your deduction is limited to the amount you charged off on your books during the year. 2013 income tax forms 1040ez Partly worthless debts. 2013 income tax forms 1040ez   You can deduct specific bad debts that become partly uncollectible during the tax year. 2013 income tax forms 1040ez Your tax deduction is limited to the amount you charge off on your books during the year. 2013 income tax forms 1040ez You do not have to charge off and deduct your partly worthless debts annually. 2013 income tax forms 1040ez You can delay the charge off until a later year. 2013 income tax forms 1040ez However, you cannot deduct any part of a debt after the year it becomes totally worthless. 2013 income tax forms 1040ez Significantly modified debt. 2013 income tax forms 1040ez   An exception to the charge-off rule exists for debt which has been significantly modified and on which the holder recognized gain. 2013 income tax forms 1040ez For more information, see Regulations section 1. 2013 income tax forms 1040ez 166-3(a)(3). 2013 income tax forms 1040ez Deduction disallowed. 2013 income tax forms 1040ez   Generally, you can claim a partial bad debt deduction only in the year you make the charge-off on your books. 2013 income tax forms 1040ez If, under audit, the IRS does not allow your deduction and the debt becomes partly worthless in a later tax year, you can deduct the amount you charged off in that year plus the disallowed amount charged off in the earlier year. 2013 income tax forms 1040ez The charge-off in the earlier year, unless reversed on your books, fulfills the charge-off requirement for the later year. 2013 income tax forms 1040ez Totally worthless debts. 2013 income tax forms 1040ez   If a debt becomes totally worthless in the current tax year, you can deduct the entire amount, less any amount deducted in an earlier tax year when the debt was only partly worthless. 2013 income tax forms 1040ez   You do not have to make an actual charge-off on your books to claim a bad debt deduction for a totally worthless debt. 2013 income tax forms 1040ez However, you may want to do so. 2013 income tax forms 1040ez If you do not and the IRS later rules the debt is only partly worthless, you will not be allowed a deduction for the debt in that tax year because a deduction of a partly worthless bad debt is limited to the amount actually charged off. 2013 income tax forms 1040ez See Partly worthless debts, earlier. 2013 income tax forms 1040ez Filing a claim for refund. 2013 income tax forms 1040ez   If you did not deduct a bad debt on your original return for the year it became worthless, you can file a claim for a credit or refund. 2013 income tax forms 1040ez If the bad debt was totally worthless, you must file the claim by the later of the following dates. 2013 income tax forms 1040ez 7 years from the date your original return was due (not including extensions). 2013 income tax forms 1040ez 2 years from the date you paid the tax. 2013 income tax forms 1040ez   If the claim is for a partly worthless bad debt, you must file the claim by the later of the following dates. 2013 income tax forms 1040ez 3 years from the date you filed your original return. 2013 income tax forms 1040ez 2 years from the date you paid the tax. 2013 income tax forms 1040ez You may have longer to file the claim if you were unable to manage your financial affairs due to a physical or mental impairment. 2013 income tax forms 1040ez Such an impairment requires proof of existence. 2013 income tax forms 1040ez   For details and more information about filing a claim, see Publication 556. 2013 income tax forms 1040ez Use one of the following forms to file a claim. 2013 income tax forms 1040ez For more information, see the instructions for the applicable form. 2013 income tax forms 1040ez Table 10-1. 2013 income tax forms 1040ez Forms Used To File a Claim IF you filed as a. 2013 income tax forms 1040ez . 2013 income tax forms 1040ez . 2013 income tax forms 1040ez THEN file. 2013 income tax forms 1040ez . 2013 income tax forms 1040ez . 2013 income tax forms 1040ez Sole proprietor or farmer Form 1040X Corporation Form 1120X S corporation Form 1120S and check box H(4) Partnership Form 1065X if filing on paper or  Form 1065 and check box G(5) if filing electronically Nonaccrual-Experience Method If you use an accrual method of accounting and qualify under the rules explained in this section, you can use the nonaccrual-experience method for bad debts. 2013 income tax forms 1040ez Under this method, you do not accrue service related income you expect to be uncollectible. 2013 income tax forms 1040ez Because the expected uncollectible amounts are not included in income, these amounts are not later deducted from income. 2013 income tax forms 1040ez Generally, you can use the nonaccrual-experience method for accounts receivable for services you performed only if: The services are provided in the fields of accounting, actuarial science, architecture, consulting, engineering, health, law, or the performing arts, or You meet the $5 million gross receipts test for all prior years. 2013 income tax forms 1040ez Service related income. 2013 income tax forms 1040ez   You can use the nonaccrual-experience method only for amounts earned by performing services. 2013 income tax forms 1040ez You cannot use this method for amounts owed to you from activities such as lending money, selling goods, or acquiring receivables or other rights to receive payment. 2013 income tax forms 1040ez Gross receipts test. 2013 income tax forms 1040ez   To find out if you meet the $5 million gross receipts test for all prior years, you must figure the average annual gross receipts for each prior year. 2013 income tax forms 1040ez If your average annual gross receipts for any year exceeds $5 million, you cannot use the non-accural experience method. 2013 income tax forms 1040ez   The average annual gross receipts for any year is the average of gross receipts from the year in question and the 2 previous years. 2013 income tax forms 1040ez For example, if you were figuring the average annual gross receipts for 2013, you would average your gross receipts for 2011, 2012, and 2013. 2013 income tax forms 1040ez Interest or penalty charged. 2013 income tax forms 1040ez   Generally, you cannot use the nonaccrual-experience method for amounts due on which you charge interest or a late payment penalty. 2013 income tax forms 1040ez However, do not treat a discount offered for early payment as the charging of interest or a penalty if both the following apply. 2013 income tax forms 1040ez You otherwise accrue the full amount due as gross income at the time you provide the services. 2013 income tax forms 1040ez You treat the discount allowed for early payment as an adjustment to gross income in the year of payment. 2013 income tax forms 1040ez Change in accounting method. 2013 income tax forms 1040ez   Generally, you must obtain consent to change to a nonaccrual-experience method (other than one of the safe harbor methods) or to change from one method to another. 2013 income tax forms 1040ez See Form 3115 and the Instructions for Form 3115 for more information. 2013 income tax forms 1040ez Recovery of a Bad Debt If you claim a deduction for a bad debt on your income tax return and later recover (collect) all or part of it, you may have to include all or part of the recovery in gross income. 2013 income tax forms 1040ez The amount you include is limited to the amount you actually deducted. 2013 income tax forms 1040ez However, you can exclude the amount deducted that did not reduce your tax. 2013 income tax forms 1040ez Report the recovery as “Other income” on the appropriate business form or schedule. 2013 income tax forms 1040ez See Recoveries in Publication 525 for more information. 2013 income tax forms 1040ez Net operating loss (NOL) carryover. 2013 income tax forms 1040ez   If a bad debt deduction increases an NOL carryover that has not expired before the beginning of the tax year in which the recovery takes place, you treat the deduction as having reduced your tax. 2013 income tax forms 1040ez A bad debt deduction that contributes to a NOL helps lower taxes in the year to which you carry the NOL. 2013 income tax forms 1040ez For more information about NOLs, see Publication 536. 2013 income tax forms 1040ez Also, see the Instructions for Form 1045, and the Instructions for Form 1139. 2013 income tax forms 1040ez Prev  Up  Next   Home   More Online Publications