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

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

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

3. E-File for FREE

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

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

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

Can I File My 2010 Taxes In 2013

Hr Block Free Tax ReturnFree Federal Tax E FilingFree E File And Free State Tax FilingMinimum Income To File TaxesDidn't File Taxes Last YearWhat Is 1040xTax Act 20111040ez FormsH And R Block Taxes Free2012 Federal Income TaxFederal Income Tax Forms 2012H And R Block Active DutyHow To Fill Out 1040x Step By StepFree State FilingHr Block State Tax1040ez FormsIrs Forms For 2011 Tax YearH & R Block Free Tax FilingIrs Amended Tax ReturnFree Online State Tax2011 Federal Tax Forms 1040 EzHow To File 1040nr EzTax Form 1040ez InstructionsWhat If I Didn T File My 2012 TaxesCan Tax Form 1040x Be Filed OnlineIrs 1040ez File OnlineOnline FilingTurbotax 1040ezState Tax Return OnlyHow To File An Amended Tax ReturnWww Irs Gov FreefileOnlinetaxes Hrblock ComIrs Forms 1040Irs Gov Form 1040xTurbotax 1040ezIrs Forms 1040ez InstructionsFederal Income Tax Ez Form 2011Www Freefilefillableforms Com Ffa Freefileforms HtmFree File H&r BlockIrs 1040ez

Can I File My 2010 Taxes In 2013

Can i file my 2010 taxes in 2013 Publication 590 - Introductory Material Table of Contents What's New for 2013 What's New for 2014 Reminders IntroductionOrdering forms and publications. Can i file my 2010 taxes in 2013 Tax questions. Can i file my 2010 taxes in 2013 Useful Items - You may want to see: Note. Can i file my 2010 taxes in 2013 After 2013, Publication 590 will be split into two separate publications as follows. Can i file my 2010 taxes in 2013 Publication 590-A, will focus on contributions to traditional IRAs as well as Roth IRAs. Can i file my 2010 taxes in 2013 This publication will include the rules for rollover and conversion contributions. Can i file my 2010 taxes in 2013 Publication 590-B, will focus on distributions from traditional IRAs as well as Roth IRAs. Can i file my 2010 taxes in 2013 This publication will include the rules for required minimum distributions and IRA beneficiaries. Can i file my 2010 taxes in 2013 What's New for 2013 Traditional IRA contribution and deduction limit. Can i file my 2010 taxes in 2013  The contribution limit to your traditional IRA for 2013 will be increased to the smaller of the following amounts: $5,500, or Your taxable compensation for the year. Can i file my 2010 taxes in 2013 If you were age 50 or older before 2014, the most that can be contributed to your traditional IRA for 2013 will be the smaller of the following amounts: $6,500, or Your taxable compensation for the year. Can i file my 2010 taxes in 2013 For more information, see How Much Can Be Contributed? in chapter 1. Can i file my 2010 taxes in 2013 Roth IRA contribution limit. Can i file my 2010 taxes in 2013  If contributions on your behalf are made only to Roth IRAs, your contribution limit for 2013 will generally be the lesser of: $5,500, or Your taxable compensation for the year. Can i file my 2010 taxes in 2013 If you were age 50 or older before 2014 and contributions on your behalf were made only to Roth IRAs, your contribution limit for 2013 will generally be the lesser of: $6,500, or Your taxable compensation for the year. Can i file my 2010 taxes in 2013 However, if your modified adjusted gross income (AGI) is above a certain amount, your contribution limit may be reduced. Can i file my 2010 taxes in 2013 For more information, see How Much Can Be Contributed? under Can You Contribute to a Roth IRA? in chapter 2. Can i file my 2010 taxes in 2013 Modified AGI limit for traditional IRA contributions increased. Can i file my 2010 taxes in 2013  For 2013, if you were covered by a retirement plan at work, your deduction for contributions to a traditional IRA is reduced (phased out) if your modified AGI is: More than $95,000 but less than $115,000 for a married couple filing a joint return or a qualifying widow(er), More than $59,000 but less than $69,000 for a single individual or head of household, or Less than $10,000 for a married individual filing a separate return. Can i file my 2010 taxes in 2013 If you either lived with your spouse or file a joint return, and your spouse was covered by a retirement plan at work, but you were not, your deduction is phased out if your modified AGI is more than $178,000 but less than $188,000. Can i file my 2010 taxes in 2013 If your modified AGI is $188,000 or more, you cannot take a deduction for contributions to a traditional IRA. Can i file my 2010 taxes in 2013 See How Much Can You Deduct? in chapter 1. Can i file my 2010 taxes in 2013 Modified AGI limit for Roth IRA contributions increased. Can i file my 2010 taxes in 2013  For 2013, your Roth IRA contribution limit is reduced (phased out) in the following situations. Can i file my 2010 taxes in 2013 Your filing status is married filing jointly or qualifying widow(er) and your modified AGI is at least $178,000. Can i file my 2010 taxes in 2013 You cannot make a Roth IRA contribution if your modified AGI is $188,000 or more. Can i file my 2010 taxes in 2013 Your filing status is single, head of household, or married filing separately and you did not live with your spouse at any time in 2013 and your modified AGI is at least $112,000. Can i file my 2010 taxes in 2013 You cannot make a Roth IRA contribution if your modified AGI is $127,000 or more. Can i file my 2010 taxes in 2013 Your filing status is married filing separately, you lived with your spouse at any time during the year, and your modified AGI is more than -0-. Can i file my 2010 taxes in 2013 You cannot make a Roth IRA contribution if your modified AGI is $10,000 or more. Can i file my 2010 taxes in 2013 See Can You Contribute to a Roth IRA? in chapter 2. Can i file my 2010 taxes in 2013 Net Investment Income Tax. Can i file my 2010 taxes in 2013  For purposes of the Net Investment Income Tax (NIIT), net investment income does not include distributions from a qualified retirement plan (for example, 401(a), 403(a), 403(b), 457(b) plans, and IRAs). Can i file my 2010 taxes in 2013 However, these distributions are taken into account when determining the modified adjusted gross income threshold. Can i file my 2010 taxes in 2013 Distributions from a nonqualified retirement plan are included in net investment income. Can i file my 2010 taxes in 2013 See Form 8960, Net Investment Income Tax—Individuals, Estates, and Trusts, and its instructions for more information. Can i file my 2010 taxes in 2013 Kay Bailey Hutchison Spousal IRA. Can i file my 2010 taxes in 2013 . Can i file my 2010 taxes in 2013  In 2013, spousal IRAs were renamed to Kay Bailey Hutchison Spousal IRAs. Can i file my 2010 taxes in 2013 There are no changes to the rules regarding these IRAs. Can i file my 2010 taxes in 2013 See Kay Bailey Hutchison Spousal IRA Limit in chapter 1 for more information. Can i file my 2010 taxes in 2013 What's New for 2014 Modified AGI limit for traditional IRA contributions increased. Can i file my 2010 taxes in 2013  For 2014, if you are covered by a retirement plan at work, your deduction for contributions to a traditional IRA is reduced (phased out) if your modified AGI is: More than $96,000 but less than $116,000 for a married couple filing a joint return or a qualifying widow(er), More than $60,000 but less than $70,000 for a single individual or head of household, or Less than $10,000 for a married individual filing a separate return. Can i file my 2010 taxes in 2013 If you either live with your spouse or file a joint return, and your spouse is covered by a retirement plan at work, but you are not, your deduction is phased out if your modified AGI is more than $181,000 but less than $191,000. Can i file my 2010 taxes in 2013 If your modified AGI is $191,000 or more, you cannot take a deduction for contributions to a traditional IRA. Can i file my 2010 taxes in 2013 Modified AGI limit for Roth IRA contributions increased. Can i file my 2010 taxes in 2013  For 2014, your Roth IRA contribution limit is reduced (phased out) in the following situations. Can i file my 2010 taxes in 2013 Your filing status is married filing jointly or qualifying widow(er) and your modified AGI is at least $181,000. Can i file my 2010 taxes in 2013 You cannot make a Roth IRA contribution if your modified AGI is $191,000 or more. Can i file my 2010 taxes in 2013 Your filing status is single, head of household, or married filing separately and you did not live with your spouse at any time in 2014 and your modified AGI is at least $114,000. Can i file my 2010 taxes in 2013 You cannot make a Roth IRA contribution if your modified AGI is $129,000 or more. Can i file my 2010 taxes in 2013 Your filing status is married filing separately, you lived with your spouse at any time during the year, and your modified AGI is more than -0-. Can i file my 2010 taxes in 2013 You cannot make a Roth IRA contribution if your modified AGI is $10,000 or more. Can i file my 2010 taxes in 2013 Reminders Future developments. Can i file my 2010 taxes in 2013  For the latest information about developments related to Publication 590, such as legislation enacted after it was published, go to www. Can i file my 2010 taxes in 2013 irs. Can i file my 2010 taxes in 2013 gov/pub590. Can i file my 2010 taxes in 2013 Simplified employee pension (SEP). Can i file my 2010 taxes in 2013  SEP IRAs are not covered in this publication. Can i file my 2010 taxes in 2013 They are covered in Publication 560, Retirement Plans for Small Business. Can i file my 2010 taxes in 2013 Deemed IRAs. Can i file my 2010 taxes in 2013  A qualified employer plan (retirement plan) can maintain a separate account or annuity under the plan (a deemed IRA) to receive voluntary employee contributions. Can i file my 2010 taxes in 2013 If the separate account or annuity otherwise meets the requirements of an IRA, it will be subject only to IRA rules. Can i file my 2010 taxes in 2013 An employee's account can be treated as a traditional IRA or a Roth IRA. Can i file my 2010 taxes in 2013 For this purpose, a “qualified employer plan” includes: A qualified pension, profit-sharing, or stock bonus plan (section 401(a) plan), A qualified employee annuity plan (section 403(a) plan), A tax-sheltered annuity plan (section 403(b) plan), and A deferred compensation plan (section 457 plan) maintained by a state, a political subdivision of a state, or an agency or instrumentality of a state or political subdivision of a state. Can i file my 2010 taxes in 2013 Contributions to both traditional and Roth IRAs. Can i file my 2010 taxes in 2013  For information on your combined contribution limit if you contribute to both traditional and Roth IRAs, see Roth IRAs and traditional IRAs under How Much Can Be Contributed? in chapter 2. Can i file my 2010 taxes in 2013 Statement of required minimum distribution (RMD). Can i file my 2010 taxes in 2013  If an RMD is required from your IRA, the trustee, custodian, or issuer that held the IRA at the end of the preceding year must either report the amount of the RMD to you, or offer to calculate it for you. Can i file my 2010 taxes in 2013 The report or offer must include the date by which the amount must be distributed. Can i file my 2010 taxes in 2013 The report is due January 31 of the year in which the minimum distribution is required. Can i file my 2010 taxes in 2013 It can be provided with the year-end fair market value statement that you normally get each year. Can i file my 2010 taxes in 2013 No report is required for section 403(b) contracts (generally tax-sheltered annuities) or for IRAs of owners who have died. Can i file my 2010 taxes in 2013 IRA interest. Can i file my 2010 taxes in 2013  Although interest earned from your IRA is generally not taxed in the year earned, it is not tax-exempt interest. Can i file my 2010 taxes in 2013 Tax on your traditional IRA is generally deferred until you take a distribution. Can i file my 2010 taxes in 2013 Do not report this interest on your return as tax-exempt interest. Can i file my 2010 taxes in 2013 For more information on tax-exempt interest, see the instructions for your tax return. Can i file my 2010 taxes in 2013 Photographs of missing children. Can i file my 2010 taxes in 2013  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Can i file my 2010 taxes in 2013 Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Can i file my 2010 taxes in 2013 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. Can i file my 2010 taxes in 2013 Introduction This publication discusses individual retirement arrangements (IRAs). Can i file my 2010 taxes in 2013 An IRA is a personal savings plan that gives you tax advantages for setting aside money for retirement. Can i file my 2010 taxes in 2013 What are some tax advantages of an IRA?   Two tax advantages of an IRA are that: Contributions you make to an IRA may be fully or partially deductible, depending on which type of IRA you have and on your circumstances, and Generally, amounts in your IRA (including earnings and gains) are not taxed until distributed. Can i file my 2010 taxes in 2013 In some cases, amounts are not taxed at all if distributed according to the rules. Can i file my 2010 taxes in 2013 What's in this publication?   This publication discusses traditional, Roth, and SIMPLE IRAs. Can i file my 2010 taxes in 2013 It explains the rules for: Setting up an IRA, Contributing to an IRA, Transferring money or property to and from an IRA, Handling an inherited IRA, Receiving distributions (making withdrawals) from an IRA, and Taking a credit for contributions to an IRA. Can i file my 2010 taxes in 2013   It also explains the penalties and additional taxes that apply when the rules are not followed. Can i file my 2010 taxes in 2013 To assist you in complying with the tax rules for IRAs, this publication contains worksheets, sample forms, and tables, which can be found throughout the publication and in the appendices at the back of the publication. Can i file my 2010 taxes in 2013 How to use this publication. Can i file my 2010 taxes in 2013   The rules that you must follow depend on which type of IRA you have. Can i file my 2010 taxes in 2013 Use Table I-1 to help you determine which parts of this publication to read. Can i file my 2010 taxes in 2013 Also use Table I-1 if you were referred to this publication from instructions to a form. Can i file my 2010 taxes in 2013 Comments and suggestions. Can i file my 2010 taxes in 2013   We welcome your comments about this publication and your suggestions for future editions. Can i file my 2010 taxes in 2013   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Can i file my 2010 taxes in 2013 NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Can i file my 2010 taxes in 2013 Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Can i file my 2010 taxes in 2013   You can send your comments from www. Can i file my 2010 taxes in 2013 irs. Can i file my 2010 taxes in 2013 gov/formspubs/. Can i file my 2010 taxes in 2013 Click on “More Information” and then on “Comment on Tax Forms and Publications”. Can i file my 2010 taxes in 2013   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. Can i file my 2010 taxes in 2013 Ordering forms and publications. Can i file my 2010 taxes in 2013   Visit www. Can i file my 2010 taxes in 2013 irs. Can i file my 2010 taxes in 2013 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. Can i file my 2010 taxes in 2013 Internal Revenue Service 1201 N. Can i file my 2010 taxes in 2013 Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Can i file my 2010 taxes in 2013   If you have a tax question, check the information available on IRS. Can i file my 2010 taxes in 2013 gov or call 1-800-829-1040. Can i file my 2010 taxes in 2013 We cannot answer tax questions sent to either of the above addresses. Can i file my 2010 taxes in 2013 Useful Items - You may want to see: Publications 560 Retirement Plans for Small Business (SEP, SIMPLE, and Qualified Plans) 571 Tax-Sheltered Annuity Plans (403(b) Plans) 575 Pension and Annuity Income 939 General Rule for Pensions and Annuities Forms (and instructions) W-4P Withholding Certificate for Pension or Annuity Payments 1099-R Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Can i file my 2010 taxes in 2013 5304-SIMPLE Savings Incentive Match Plan for Employees of Small Employers (SIMPLE)–Not for Use With a Designated Financial Institution 5305-S SIMPLE Individual Retirement Trust Account 5305-SA SIMPLE Individual Retirement Custodial Account 5305-SIMPLE Savings Incentive Match Plan for Employees of Small Employers (SIMPLE)–for Use With a Designated Financial Institution 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts 5498 IRA Contribution Information 8606 Nondeductible IRAs 8815 Exclusion of Interest From Series EE and I U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 Savings Bonds Issued After 1989 8839 Qualified Adoption Expenses 8880 Credit for Qualified Retirement Savings Contributions See chapter 5 for information about getting these publications and forms. Can i file my 2010 taxes in 2013 Table I-1. Can i file my 2010 taxes in 2013 Using This Publication IF you need information on . Can i file my 2010 taxes in 2013 . Can i file my 2010 taxes in 2013 . Can i file my 2010 taxes in 2013 THEN see . Can i file my 2010 taxes in 2013 . Can i file my 2010 taxes in 2013 . Can i file my 2010 taxes in 2013 traditional IRAs chapter 1. Can i file my 2010 taxes in 2013 Roth IRAs chapter 2, and parts of  chapter 1. Can i file my 2010 taxes in 2013 SIMPLE IRAs chapter 3. Can i file my 2010 taxes in 2013 the credit for qualified retirement savings contributions (the saver's credit) chapter 4. Can i file my 2010 taxes in 2013 how to keep a record of your contributions to, and distributions from, your traditional IRA(s) appendix A. Can i file my 2010 taxes in 2013 SEP IRAs and 401(k) plans Publication 560. Can i file my 2010 taxes in 2013 Coverdell education savings accounts (formerly called education IRAs) Publication 970. Can i file my 2010 taxes in 2013 IF for 2013, you received social security benefits, had taxable compensation, contributed to a traditional IRA, and you or your spouse was covered by an employer retirement plan, and you want to. Can i file my 2010 taxes in 2013 . Can i file my 2010 taxes in 2013 . Can i file my 2010 taxes in 2013 THEN see . Can i file my 2010 taxes in 2013 . Can i file my 2010 taxes in 2013 . Can i file my 2010 taxes in 2013 first figure your modified adjusted gross income (AGI) appendix B, worksheet 1. Can i file my 2010 taxes in 2013 then figure how much of your traditional IRA contribution you can deduct appendix B, worksheet 2. Can i file my 2010 taxes in 2013 and finally figure how much of your social security is taxable appendix B, worksheet 3. Can i file my 2010 taxes in 2013 Table I-2. Can i file my 2010 taxes in 2013 How Are a Traditional IRA and a Roth IRA Different? This table shows the differences between traditional and Roth IRAs. Can i file my 2010 taxes in 2013 Answers in the middle column apply to traditional IRAs. Can i file my 2010 taxes in 2013 Answers in the right column apply to Roth IRAs. Can i file my 2010 taxes in 2013 Question Answer   Traditional IRA? Roth IRA? Is there an age limit on when I can open and contribute to a Yes. Can i file my 2010 taxes in 2013 You must not have reached age  70½ by the end of the year. Can i file my 2010 taxes in 2013 See Who Can Open a Traditional IRA? in chapter 1. Can i file my 2010 taxes in 2013 No. Can i file my 2010 taxes in 2013 You can be any age. Can i file my 2010 taxes in 2013 See Can You Contribute to a Roth IRA? in chapter 2. Can i file my 2010 taxes in 2013 If I earned more than $5,500 in 2013 ($6,500 if I was 50 or older by the end of 2013), is there a limit on how much I can contribute to a Yes. Can i file my 2010 taxes in 2013 For 2013, you can contribute to a traditional IRA up to: $5,500, or $6,500 if you were age 50 or older by the end of 2013. Can i file my 2010 taxes in 2013  There is no upper limit on how much you can earn and still contribute. Can i file my 2010 taxes in 2013 See How Much Can Be Contributed? in chapter 1. Can i file my 2010 taxes in 2013 Yes. Can i file my 2010 taxes in 2013 For 2013, you may be able to contribute to a Roth IRA up to: $5,500, or $6,500 if you were age 50 or older by the end of 2013,  but the amount you can contribute may be less than that depending on your income, filing status, and if you contribute to another IRA. Can i file my 2010 taxes in 2013 See How Much Can Be Contributed? and Table 2-1 in chapter 2. Can i file my 2010 taxes in 2013 Can I deduct contributions to a Yes. Can i file my 2010 taxes in 2013 You may be able to deduct your contributions to a traditional IRA depending on your income, filing status, whether you are covered by a retirement plan at work, and whether you receive social security benefits. Can i file my 2010 taxes in 2013 See How Much Can You Deduct? in chapter 1. Can i file my 2010 taxes in 2013 No. Can i file my 2010 taxes in 2013 You can never deduct contributions to a Roth IRA. Can i file my 2010 taxes in 2013 See What Is a Roth IRA? in chapter 2. Can i file my 2010 taxes in 2013 Do I have to file a form just because I contribute to a Not unless you make nondeductible contributions to your traditional IRA. Can i file my 2010 taxes in 2013 In that case, you must file Form 8606. Can i file my 2010 taxes in 2013 See Nondeductible Contributions in chapter 1. Can i file my 2010 taxes in 2013 No. Can i file my 2010 taxes in 2013 You do not have to file a form if you contribute to a Roth IRA. Can i file my 2010 taxes in 2013 See Contributions not reported in chapter 2. Can i file my 2010 taxes in 2013 Do I have to start taking distributions when I reach a certain age from a Yes. Can i file my 2010 taxes in 2013 You must begin receiving required minimum distributions by April 1 of the year following the year you reach age 70½. Can i file my 2010 taxes in 2013 See When Must You Withdraw Assets? (Required Minimum Distributions) in chapter 1. Can i file my 2010 taxes in 2013 No. Can i file my 2010 taxes in 2013 If you are the original owner of a Roth IRA, you do not have to take distributions regardless of your age. Can i file my 2010 taxes in 2013 See Are Distributions Taxable? in chapter 2. Can i file my 2010 taxes in 2013 However, if you are the beneficiary of a Roth IRA, you may have to take distributions. Can i file my 2010 taxes in 2013 See Distributions After Owner's Death in chapter 2. Can i file my 2010 taxes in 2013 How are distributions taxed from a Distributions from a traditional IRA are taxed as ordinary income, but if you made nondeductible contributions, not all of the distribution is taxable. Can i file my 2010 taxes in 2013 See Are Distributions Taxable? in chapter 1. Can i file my 2010 taxes in 2013 Distributions from a Roth IRA are not taxed as long as you meet certain criteria. Can i file my 2010 taxes in 2013 See Are Distributions Taxable? in chapter 2. Can i file my 2010 taxes in 2013 Do I have to file a form just because I receive distributions from a Not unless you have ever made a nondeductible contribution to a traditional IRA. Can i file my 2010 taxes in 2013 If you have, file Form 8606. Can i file my 2010 taxes in 2013 See Nondeductible Contributions in chapter 1. Can i file my 2010 taxes in 2013 Yes. Can i file my 2010 taxes in 2013 File Form 8606 if you received distributions from a Roth IRA (other than a rollover, qualified charitable distribution, one-time distribution to fund an HSA, recharacterization, certain qualified distributions, or a return of certain contributions). Can i file my 2010 taxes in 2013 Prev  Up  Next   Home   More Online Publications
Español

Public Safety and Law

The Can I File My 2010 Taxes In 2013

Can i file my 2010 taxes in 2013 1. Can i file my 2010 taxes in 2013   Investment Income Table of Contents Topics - This chapter discusses: Useful Items - You may want to see: General InformationSSN for joint account. Can i file my 2010 taxes in 2013 Custodian account for your child. Can i file my 2010 taxes in 2013 Penalty for failure to supply SSN. Can i file my 2010 taxes in 2013 Certification. Can i file my 2010 taxes in 2013 Underreported interest and dividends. Can i file my 2010 taxes in 2013 How to stop backup withholding due to underreporting. Can i file my 2010 taxes in 2013 How to stop backup withholding due to an incorrect identification number. Can i file my 2010 taxes in 2013 Reporting backup withholding. Can i file my 2010 taxes in 2013 Nonresident aliens. Can i file my 2010 taxes in 2013 Penalties. Can i file my 2010 taxes in 2013 Savings account with parent as trustee. Can i file my 2010 taxes in 2013 Interest IncomeInterest not reported on Form 1099-INT. Can i file my 2010 taxes in 2013 Nominees. Can i file my 2010 taxes in 2013 Incorrect amount. Can i file my 2010 taxes in 2013 Information reporting requirement. Can i file my 2010 taxes in 2013 Taxable Interest — General Below-Market Loans U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 Savings Bonds U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 Treasury Bills, Notes, and Bonds Bonds Sold Between Interest Dates Insurance State or Local Government Obligations Discount on Debt InstrumentsOriginal Issue Discount (OID) Market Discount Bonds Discount on Short-Term Obligations Election To Report All Interest as OID When To Report Interest IncomeConstructive receipt. Can i file my 2010 taxes in 2013 How To Report Interest IncomeSchedule B (Form 1040A or 1040). Can i file my 2010 taxes in 2013 Worksheet for savings bonds distributed from a retirement or profit-sharing plan. Can i file my 2010 taxes in 2013 File Form 1099-INT with the IRS. Can i file my 2010 taxes in 2013 Dividends and Other DistributionsDividends not reported on Form 1099-DIV. Can i file my 2010 taxes in 2013 Nominees. Can i file my 2010 taxes in 2013 Ordinary Dividends Capital Gain Distributions Nondividend Distributions Liquidating Distributions Distributions of Stock and Stock Rights Other Distributions How To Report Dividend IncomeElection. Can i file my 2010 taxes in 2013 Independent contractor. Can i file my 2010 taxes in 2013 Investment interest deducted. Can i file my 2010 taxes in 2013 Exception 1. Can i file my 2010 taxes in 2013 Exception 2. Can i file my 2010 taxes in 2013 Undistributed capital gains. Can i file my 2010 taxes in 2013 File Form 1099-DIV with the IRS. Can i file my 2010 taxes in 2013 Stripped Preferred Stock REMICs, FASITs, and Other CDOsREMICs Collateralized Debt Obligations (CDOs) FASITs S CorporationsLimit on losses and deductions. Can i file my 2010 taxes in 2013 Passive activity losses. Can i file my 2010 taxes in 2013 Form 8582. Can i file my 2010 taxes in 2013 Investment ClubsInvestments in name of member. Can i file my 2010 taxes in 2013 Tax Treatment of the Club Topics - This chapter discusses: Interest Income , Discount on Debt Instruments , When To Report Interest Income , How To Report Interest Income , Dividends and Other Distributions , How To Report Dividend Income , Stripped Preferred Stock , Real estate mortgage investment conduits (REMICs), financial asset securitization investment trusts (FASITs), and other collateralized debt obligations (CDOs) , S Corporations , and Investment Clubs . Can i file my 2010 taxes in 2013 Useful Items - You may want to see: Publication 525 Taxable and Nontaxable Income 537 Installment Sales 590 Individual Retirement Arrangements (IRAs) 925 Passive Activity and At-Risk Rules 1212 Guide to Original Issue Discount (OID) Instruments Form (and Instructions) Schedule B (Form 1040A or 1040) Interest and Ordinary Dividends Schedule D (Form 1040) Capital Gains and Losses 1040 U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 Individual Income Tax Return 1040A U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 Individual Income Tax Return 1040EZ Income Tax Return for Single and Joint Filers With No Dependents 1099 General Instructions for Certain Information Returns 2439 Notice to Shareholder of Undistributed Long-Term Capital Gains 3115 Application for Change in Accounting Method 6251 Alternative Minimum Tax — Individuals 8582 Passive Activity Loss Limitations 8615 Tax for Certain Children Who Have Unearned Income 8814 Parents' Election To Report Child's Interest and Dividends 8815 Exclusion of Interest From Series EE and I U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 Savings Bonds Issued After 1989 8818 Optional Form To Record Redemption of Series EE and I U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 Savings Bonds Issued After 1989 8824 Like-Kind Exchanges 8949 Sales and Other Dispositions of Capital Assets 8960 Net Investment Income Tax—Individuals, Estates, and Trusts See chapter 5, How To Get Tax Help , for information about getting these publications and forms. Can i file my 2010 taxes in 2013 General Information A few items of general interest are covered here. Can i file my 2010 taxes in 2013 Recordkeeping. Can i file my 2010 taxes in 2013 You should keep a list showing sources and investment income amounts you receive during the year. Can i file my 2010 taxes in 2013 Also keep the forms you receive showing your investment income (Forms 1099-INT, Interest Income, and 1099-DIV, Dividends and Distributions, for example) as an important part of your records. Can i file my 2010 taxes in 2013 Net investment income tax (NIIT). Can i file my 2010 taxes in 2013   Beginning in 2013, you may be subject to the NIIT. Can i file my 2010 taxes in 2013 The NIIT is a 3. Can i file my 2010 taxes in 2013 8% tax on the lesser of your net investment income or the amount of your modified adjusted gross income (MAGI) that is over a threshold amount based on your filing status. Can i file my 2010 taxes in 2013    Filing Status Threshold Amount Married filing jointly $250,000 Married filing separately $125,000 Single $200,000 Head of household (with qualifying person) $200,000 Qualifying Widow(er) with dependent child $250,000    For more information, see Form 8960 and Instructions for Form 8960. Can i file my 2010 taxes in 2013 Tax on unearned income of certain children. Can i file my 2010 taxes in 2013   Part of a child's 2013 unearned income may be taxed at the parent's tax rate. Can i file my 2010 taxes in 2013 This may happen if all of the following are true. Can i file my 2010 taxes in 2013 The child had more than $2,000 of unearned income. Can i file my 2010 taxes in 2013 The child is required to file a tax return. Can i file my 2010 taxes in 2013 The child was: Under age 18 at the end of 2013, Age 18 at the end of 2013 and did not have earned income that was more than half of the child's support, or A full-time student over age 18 and under age 24 at the end of 2013 and did not have earned income that was more than half of the child's support. Can i file my 2010 taxes in 2013 At least one of the child's parents was alive at the end of 2013. Can i file my 2010 taxes in 2013 The child does not file a joint return for 2013. Can i file my 2010 taxes in 2013 A child born on January 1, 1996, is considered to be age 18 at the end of 2013; a child born on January 1, 1995, is considered to be age 19 at the end of 2013; a child born on January 1, 1990, is considered to be age 24 at the end of 2013. Can i file my 2010 taxes in 2013   If all of these statements are true, Form 8615 must be completed and attached to the child's tax return. Can i file my 2010 taxes in 2013 If any of these statements is not true, Form 8615 is not required and the child's income is taxed at his or her own tax rate. Can i file my 2010 taxes in 2013    However, the parent can choose to include the child's interest and dividends on the parent's return if certain requirements are met. Can i file my 2010 taxes in 2013 Use Form 8814 for this purpose. Can i file my 2010 taxes in 2013   For more information about the tax on unearned income of children and the parents' election, see Publication 929, Tax Rules for Children and Dependents. Can i file my 2010 taxes in 2013 Beneficiary of an estate or trust. Can i file my 2010 taxes in 2013   Interest, dividends, and other investment income you receive as a beneficiary of an estate or trust is generally taxable income. Can i file my 2010 taxes in 2013 You should receive a Schedule K-1 (Form 1041), Beneficiary's Share of Income, Deductions, Credits, etc. Can i file my 2010 taxes in 2013 , from the fiduciary. Can i file my 2010 taxes in 2013 Your copy of Schedule K-1 (Form 1041) and its instructions will tell you where to report the income on your Form 1040. Can i file my 2010 taxes in 2013 Social security number (SSN). Can i file my 2010 taxes in 2013   You must give your name and SSN or individual tax identification number (ITIN) to any person required by federal tax law to make a return, statement, or other document that relates to you. Can i file my 2010 taxes in 2013 This includes payers of interest and dividends. Can i file my 2010 taxes in 2013 If you do not give your SSN or ITIN to the payer of interest, you may have to pay a penalty. Can i file my 2010 taxes in 2013 SSN for joint account. Can i file my 2010 taxes in 2013   If the funds in a joint account belong to one person, list that person's name first on the account and give that person's SSN to the payer. Can i file my 2010 taxes in 2013 (For information on who owns the funds in a joint account, see Joint accounts , later. Can i file my 2010 taxes in 2013 ) If the joint account contains combined funds, give the SSN of the person whose name is listed first on the account. Can i file my 2010 taxes in 2013 This is because only one name and SSN can be shown on Form 1099. Can i file my 2010 taxes in 2013   These rules apply both to joint ownership by a married couple and to joint ownership by other individuals. Can i file my 2010 taxes in 2013 For example, if you open a joint savings account with your child using funds belonging to the child, list the child's name first on the account and give the child's SSN. Can i file my 2010 taxes in 2013 Custodian account for your child. Can i file my 2010 taxes in 2013   If your child is the actual owner of an account that is recorded in your name as custodian for the child, give the child's SSN to the payer. Can i file my 2010 taxes in 2013 For example, you must give your child's SSN to the payer of dividends on stock owned by your child, even though the dividends are paid to you as custodian. Can i file my 2010 taxes in 2013 Penalty for failure to supply SSN. Can i file my 2010 taxes in 2013   You will be subject to a penalty if, when required, you fail to: Include your SSN on any return, statement, or other document, Give your SSN to another person who must include it on any return, statement, or other document, or Include the SSN of another person on any return, statement, or other document. Can i file my 2010 taxes in 2013 The penalty is $50 for each failure up to a maximum penalty of $100,000 for any calendar year. Can i file my 2010 taxes in 2013   You will not be subject to this penalty if you can show that your failure to provide the SSN was due to reasonable cause and not to willful neglect. Can i file my 2010 taxes in 2013   If you fail to supply an SSN, you may also be subject to backup withholding. Can i file my 2010 taxes in 2013 Backup withholding. Can i file my 2010 taxes in 2013   Your investment income is generally not subject to regular withholding. Can i file my 2010 taxes in 2013 However, it may be subject to backup withholding to ensure that income tax is collected on the income. Can i file my 2010 taxes in 2013 Under backup withholding, the bank, broker, or other payer of interest, original issue discount (OID), dividends, cash patronage dividends, or royalties must withhold, as income tax, on the amount you are paid, applying the appropriate withholding rate. Can i file my 2010 taxes in 2013   Backup withholding applies if: You do not give the payer your identification number (either a social security number or an employer identification number) in the required manner, The IRS notifies the payer that you gave an incorrect identification number, The IRS notifies the payer that you are subject to backup withholding on interest or dividends because you have underreported interest or dividends on your income tax return, or You are required, but fail, to certify that you are not subject to backup withholding for the reason described in (3). Can i file my 2010 taxes in 2013 Certification. Can i file my 2010 taxes in 2013   For new accounts paying interest or dividends, you must certify under penalties of perjury that your SSN is correct and that you are not subject to backup withholding. Can i file my 2010 taxes in 2013 Your payer will give you a Form W-9, Request for Taxpayer Identification Number and Certification, or similar form, to make this certification. Can i file my 2010 taxes in 2013 If you fail to make this certification, backup withholding may begin immediately on your new account or investment. Can i file my 2010 taxes in 2013 Underreported interest and dividends. Can i file my 2010 taxes in 2013   You will be considered to have underreported your interest and dividends if the IRS has determined for a tax year that: You failed to include any part of a reportable interest or dividend payment required to be shown on your return, or You were required to file a return and to include a reportable interest or dividend payment on that return, but you failed to file the return. Can i file my 2010 taxes in 2013 How to stop backup withholding due to underreporting. Can i file my 2010 taxes in 2013   If you have been notified that you underreported interest or dividends, you can request a determination from the IRS to prevent backup withholding from starting or to stop backup withholding once it has begun. Can i file my 2010 taxes in 2013 You must show that at least one of the following situations applies. Can i file my 2010 taxes in 2013 No underreporting occurred. Can i file my 2010 taxes in 2013 You have a bona fide dispute with the IRS about whether underreporting occurred. Can i file my 2010 taxes in 2013 Backup withholding will cause or is causing an undue hardship, and it is unlikely that you will underreport interest and dividends in the future. Can i file my 2010 taxes in 2013 You have corrected the underreporting by filing a return if you did not previously file one and by paying all taxes, penalties, and interest due for any underreported interest or dividend payments. Can i file my 2010 taxes in 2013   If the IRS determines that backup withholding should stop, it will provide you with a certification and will notify the payers who were sent notices earlier. Can i file my 2010 taxes in 2013 How to stop backup withholding due to an incorrect identification number. Can i file my 2010 taxes in 2013   If you have been notified by a payer that you are subject to backup withholding because you have provided an incorrect SSN or employer identification number, you can stop it by following the instructions the payer gives you. Can i file my 2010 taxes in 2013 Reporting backup withholding. Can i file my 2010 taxes in 2013   If backup withholding is deducted from your interest or dividend income or other reportable payment, the bank or other business must give you an information return for the year (for example, a Form 1099-INT) indicating the amount withheld. Can i file my 2010 taxes in 2013 The information return will show any backup withholding as “Federal income tax withheld. Can i file my 2010 taxes in 2013 ” Nonresident aliens. Can i file my 2010 taxes in 2013    Generally, payments made to nonresident aliens are not subject to backup withholding. Can i file my 2010 taxes in 2013 You can use Form W-8BEN, Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding, to certify exempt status. Can i file my 2010 taxes in 2013 However, this does not exempt you from the 30% (or lower treaty) withholding rate that may apply to your investment income. Can i file my 2010 taxes in 2013 For information on the 30% rate, see Publication 519, U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 Tax Guide for Aliens. Can i file my 2010 taxes in 2013 Penalties. Can i file my 2010 taxes in 2013   There are civil and criminal penalties for giving false information to avoid backup withholding. Can i file my 2010 taxes in 2013 The civil penalty is $500. Can i file my 2010 taxes in 2013 The criminal penalty, upon conviction, is a fine of up to $1,000, or imprisonment of up to 1 year, or both. Can i file my 2010 taxes in 2013 Where to report investment income. Can i file my 2010 taxes in 2013   Table 1-1 gives an overview of the forms and schedules to use to report some common types of investment income. Can i file my 2010 taxes in 2013 But see the rest of this publication for detailed information about reporting investment income. Can i file my 2010 taxes in 2013 Joint accounts. Can i file my 2010 taxes in 2013   If two or more persons hold property (such as a savings account, bond, or stock) as joint tenants, tenants by the entirety, or tenants in common, each person's share of any interest or dividends from the property is determined by local law. Can i file my 2010 taxes in 2013 Community property states. Can i file my 2010 taxes in 2013   If you are married and receive a distribution that is community income, one-half of the distribution is generally considered to be received by each spouse. Can i file my 2010 taxes in 2013 If you file separate returns, you must each report one-half of any taxable distribution. Can i file my 2010 taxes in 2013 See Publication 555, Community Property, for more information on community income. Can i file my 2010 taxes in 2013   If the distribution is not considered community property and you and your spouse file separate returns, each of you must report your separate taxable distributions. Can i file my 2010 taxes in 2013 Example. Can i file my 2010 taxes in 2013 You and your spouse have a joint money market account. Can i file my 2010 taxes in 2013 Under state law, half the income from the account belongs to you, and half belongs to your spouse. Can i file my 2010 taxes in 2013 If you file separate returns, you each report half the income. Can i file my 2010 taxes in 2013 Income from property given to a child. Can i file my 2010 taxes in 2013   Property you give as a parent to your child under the Model Gifts of Securities to Minors Act, the Uniform Gifts to Minors Act, or any similar law becomes the child's property. Can i file my 2010 taxes in 2013   Income from the property is taxable to the child, except that any part used to satisfy a legal obligation to support the child is taxable to the parent or guardian having that legal obligation. Can i file my 2010 taxes in 2013 Savings account with parent as trustee. Can i file my 2010 taxes in 2013   Interest income from a savings account opened for a minor child, but placed in the name and subject to the order of the parents as trustees, is taxable to the child if, under the law of the state in which the child resides, both of the following are true. Can i file my 2010 taxes in 2013 The savings account legally belongs to the child. Can i file my 2010 taxes in 2013 The parents are not legally permitted to use any of the funds to support the child. Can i file my 2010 taxes in 2013 Table 1-1. Can i file my 2010 taxes in 2013 Where To Report Common Types of Investment Income (For detailed information about reporting investment income, see the rest of this publication, especially How To Report Interest Income and How To Report Dividend Income in chapter 1. Can i file my 2010 taxes in 2013 ) Type of Income If you file Form 1040, report on . Can i file my 2010 taxes in 2013 . Can i file my 2010 taxes in 2013 . Can i file my 2010 taxes in 2013 If you can file Form 1040A, report on . Can i file my 2010 taxes in 2013 . Can i file my 2010 taxes in 2013 . Can i file my 2010 taxes in 2013 If you can file Form 1040EZ, report on . Can i file my 2010 taxes in 2013 . Can i file my 2010 taxes in 2013 . Can i file my 2010 taxes in 2013 Tax-exempt interest (Form 1099-INT, box 8) Line 8b Line 8b Space to the left of line 2 (enter “TEI” and the amount) Taxable interest that totals $1,500 or less Line 8a (You may need to file Schedule B as well. Can i file my 2010 taxes in 2013 ) Line 8a (You may need to file Schedule B as well. Can i file my 2010 taxes in 2013 ) Line 2 Taxable interest that totals more than $1,500 Line 8a; also use Schedule B, line 1 Line 8a; also use Schedule B, line 1   Savings bond interest you will exclude because of higher education expenses Schedule B; also use Form 8815 Schedule B; also use Form 8815   Ordinary dividends that total $1,500 or less Line 9a (You may need to file Schedule B as well. Can i file my 2010 taxes in 2013 ) Line 9a (You may need to file Schedule B as well. Can i file my 2010 taxes in 2013 )   Ordinary dividends that total more than $1,500 Line 9a; also use Schedule B, line 5 Line 9a; also use Schedule B, line 5   Qualified dividends (if you do not have to file Schedule D) Line 9b; also use the Qualified Dividends and Capital Gain Tax Worksheet, line 2 Line 9b; also use the Qualified Dividends and Capital Gain Tax Worksheet, line 2   Qualified dividends (if you have to file Schedule D) Line 9b; also use the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet, line 2 You cannot use Form 1040A    You cannot use Form 1040EZ Capital gain distributions (if you do not have to file Schedule D) Line 13; also use the Qualified Dividends and Capital Gain Tax Worksheet, line 3 Line 10; also use the Qualified Dividends and Capital Gain Tax Worksheet, line 3   Capital gain distributions (if you have to file Schedule D) Schedule D, line 13; also use the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet     Section 1250, 1202, or collectibles gain (Form 1099-DIV, box 2b, 2c, or 2d) Form 8949 and Schedule D     Nondividend distributions (Form 1099-DIV, box 3) Generally not reported*     Undistributed capital gains (Form 2439, boxes 1a - 1d) Schedule D     Gain or loss from sales of stocks or bonds Line 13; also use Form 8949, Schedule D, and the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet You cannot use Form 1040A   Gain or loss from exchanges of like-kind investment property Line 13; also use Schedule D, Form 8824, and the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet     *Report any amounts in excess of your basis in your mutual fund shares on Form 8949. Can i file my 2010 taxes in 2013 Use Part II if you held the shares more than 1 year. Can i file my 2010 taxes in 2013 Use Part I if you held your mutual fund shares 1 year or less. Can i file my 2010 taxes in 2013 For details on Form 8949, see Reporting Capital Gains and Losses in chapter 4, and the Instructions for Form 8949. Can i file my 2010 taxes in 2013 Accuracy-related penalty. Can i file my 2010 taxes in 2013   An accuracy-related penalty of 20% can be charged for underpayments of tax due to negligence or disregard of rules or regulations or substantial understatement of tax. Can i file my 2010 taxes in 2013 For information on the penalty and any interest that applies, see Penalties in chapter 2. Can i file my 2010 taxes in 2013 Interest Income This section discusses the tax treatment of different types of interest income. Can i file my 2010 taxes in 2013 In general, any interest that you receive or that is credited to your account and can be withdrawn is taxable income. Can i file my 2010 taxes in 2013 (It does not have to be entered in your passbook. Can i file my 2010 taxes in 2013 ) Exceptions to this rule are discussed later. Can i file my 2010 taxes in 2013 Form 1099-INT. Can i file my 2010 taxes in 2013   Interest income is generally reported to you on Form 1099-INT, or a similar statement, by banks, savings and loans, and other payers of interest. Can i file my 2010 taxes in 2013 This form shows you the interest you received during the year. Can i file my 2010 taxes in 2013 Keep this form for your records. Can i file my 2010 taxes in 2013 You do not have to attach it to your tax return. Can i file my 2010 taxes in 2013   Report on your tax return the total interest income you receive for the tax year. Can i file my 2010 taxes in 2013 Interest not reported on Form 1099-INT. Can i file my 2010 taxes in 2013   Even if you do not receive Form 1099-INT, you must still report all of your interest income. Can i file my 2010 taxes in 2013 For example, you may receive distributive shares of interest from partnerships or S corporations. Can i file my 2010 taxes in 2013 This interest is reported to you on Schedule K-1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc. Can i file my 2010 taxes in 2013 , and Schedule K-1 (Form 1120S), Shareholder's Share of Income, Deductions, Credits, etc. Can i file my 2010 taxes in 2013 Nominees. Can i file my 2010 taxes in 2013   Generally, if someone receives interest as a nominee for you, that person must give you a Form 1099-INT showing the interest received on your behalf. Can i file my 2010 taxes in 2013   If you receive a Form 1099-INT that includes amounts belonging to another person, see the discussion on Nominee distributions , later, under How To Report Interest Income. Can i file my 2010 taxes in 2013 Incorrect amount. Can i file my 2010 taxes in 2013   If you receive a Form 1099-INT that shows an incorrect amount (or other incorrect information), you should ask the issuer for a corrected form. Can i file my 2010 taxes in 2013 The new Form 1099-INT you receive will be marked “Corrected. Can i file my 2010 taxes in 2013 ” Form 1099-OID. Can i file my 2010 taxes in 2013   Reportable interest income also may be shown on Form 1099-OID, Original Issue Discount. Can i file my 2010 taxes in 2013 For more information about amounts shown on this form, see Original Issue Discount (OID) , later in this chapter. Can i file my 2010 taxes in 2013 Exempt-interest dividends. Can i file my 2010 taxes in 2013   Exempt-interest dividends you receive from a mutual fund or other regulated investment company, including those received from a qualified fund of funds in any tax year beginning after December 22, 2010, are not included in your taxable income. Can i file my 2010 taxes in 2013 (However, see Information reporting requirement , next. Can i file my 2010 taxes in 2013 ) Exempt-interest dividends should be shown in box 10 of Form 1099-DIV. Can i file my 2010 taxes in 2013 You do not reduce your basis for distributions that are exempt-interest dividends. Can i file my 2010 taxes in 2013 Information reporting requirement. Can i file my 2010 taxes in 2013   Although exempt-interest dividends are not taxable, you must show them on your tax return if you have to file. Can i file my 2010 taxes in 2013 This is an information reporting requirement and does not change the exempt-interest dividends into taxable income. Can i file my 2010 taxes in 2013 See How To Report Interest Income , later. Can i file my 2010 taxes in 2013 Note. Can i file my 2010 taxes in 2013 Exempt-interest dividends paid from specified private activity bonds may be subject to the alternative minimum tax. Can i file my 2010 taxes in 2013 The exempt-interest dividends subject to the alternative minimum tax are shown in box 11 of Form 1099-DIV. Can i file my 2010 taxes in 2013 See Form 6251 and its instructions for more information about this tax. Can i file my 2010 taxes in 2013 Private activity bonds are discussed later under State or Local Government Obligations. Can i file my 2010 taxes in 2013 Interest on VA dividends. Can i file my 2010 taxes in 2013   Interest on insurance dividends left on deposit with the Department of Veterans Affairs (VA) is not taxable. Can i file my 2010 taxes in 2013 This includes interest paid on dividends on converted United States Government Life Insurance policies and on National Service Life Insurance policies. Can i file my 2010 taxes in 2013 Individual retirement arrangements (IRAs). Can i file my 2010 taxes in 2013   Interest on a Roth IRA generally is not taxable. Can i file my 2010 taxes in 2013 Interest on a traditional IRA is tax deferred. Can i file my 2010 taxes in 2013 You generally do not include it in your income until you make withdrawals from the IRA. Can i file my 2010 taxes in 2013 See Publication 590 for more information. Can i file my 2010 taxes in 2013 Taxable Interest — General Taxable interest includes interest you receive from bank accounts, loans you make to others, and other sources. Can i file my 2010 taxes in 2013 The following are some sources of taxable interest. Can i file my 2010 taxes in 2013 Dividends that are actually interest. Can i file my 2010 taxes in 2013   Certain distributions commonly called dividends are actually interest. Can i file my 2010 taxes in 2013 You must report as interest so-called “dividends” on deposits or on share accounts in: Cooperative banks, Credit unions, Domestic building and loan associations, Domestic savings and loan associations, Federal savings and loan associations, and Mutual savings banks. Can i file my 2010 taxes in 2013  The “dividends” will be shown as interest income on Form 1099-INT. Can i file my 2010 taxes in 2013 Money market funds. Can i file my 2010 taxes in 2013   Money market funds are offered by nonbank financial institutions such as mutual funds and stock brokerage houses, and pay dividends. Can i file my 2010 taxes in 2013 Generally, amounts you receive from money market funds should be reported as dividends, not as interest. Can i file my 2010 taxes in 2013 Certificates of deposit and other deferred interest accounts. Can i file my 2010 taxes in 2013   If you open any of these accounts, interest may be paid at fixed intervals of 1 year or less during the term of the account. Can i file my 2010 taxes in 2013 You generally must include this interest in your income when you actually receive it or are entitled to receive it without paying a substantial penalty. Can i file my 2010 taxes in 2013 The same is true for accounts that mature in 1 year or less and pay interest in a single payment at maturity. Can i file my 2010 taxes in 2013 If interest is deferred for more than 1 year, see Original Issue Discount (OID) , later. Can i file my 2010 taxes in 2013 Interest subject to penalty for early withdrawal. Can i file my 2010 taxes in 2013   If you withdraw funds from a deferred interest account before maturity, you may have to pay a penalty. Can i file my 2010 taxes in 2013 You must report the total amount of interest paid or credited to your account during the year, without subtracting the penalty. Can i file my 2010 taxes in 2013 See Penalty on early withdrawal of savings under How To Report Interest Income, later, for more information on how to report the interest and deduct the penalty. Can i file my 2010 taxes in 2013 Money borrowed to invest in certificate of deposit. Can i file my 2010 taxes in 2013   The interest you pay on money borrowed from a bank or savings institution to meet the minimum deposit required for a certificate of deposit from the institution and the interest you earn on the certificate are two separate items. Can i file my 2010 taxes in 2013 You must report the total interest you earn on the certificate in your income. Can i file my 2010 taxes in 2013 If you itemize deductions, you can deduct the interest you pay as investment interest, up to the amount of your net investment income. Can i file my 2010 taxes in 2013 See Interest Expenses in chapter 3. Can i file my 2010 taxes in 2013 Example. Can i file my 2010 taxes in 2013 You deposited $5,000 with a bank and borrowed $5,000 from the bank to make up the $10,000 minimum deposit required to buy a 6-month certificate of deposit. Can i file my 2010 taxes in 2013 The certificate earned $575 at maturity in 2013, but you received only $265, which represented the $575 you earned minus $310 interest charged on your $5,000 loan. Can i file my 2010 taxes in 2013 The bank gives you a Form 1099-INT for 2013 showing the $575 interest you earned. Can i file my 2010 taxes in 2013 The bank also gives you a statement showing that you paid $310 interest for 2013. Can i file my 2010 taxes in 2013 You must include the $575 in your income. Can i file my 2010 taxes in 2013 If you itemize your deductions on Schedule A (Form 1040), Itemized Deductions, you can deduct $310, subject to the net investment income limit. Can i file my 2010 taxes in 2013 Gift for opening account. Can i file my 2010 taxes in 2013   If you receive noncash gifts or services for making deposits or for opening an account in a savings institution, you may have to report the value as interest. Can i file my 2010 taxes in 2013   For deposits of less than $5,000, gifts or services valued at more than $10 must be reported as interest. Can i file my 2010 taxes in 2013 For deposits of $5,000 or more, gifts or services valued at more than $20 must be reported as interest. Can i file my 2010 taxes in 2013 The value is determined by the cost to the financial institution. Can i file my 2010 taxes in 2013 Example. Can i file my 2010 taxes in 2013 You open a savings account at your local bank and deposit $800. Can i file my 2010 taxes in 2013 The account earns $20 interest. Can i file my 2010 taxes in 2013 You also receive a $15 calculator. Can i file my 2010 taxes in 2013 If no other interest is credited to your account during the year, the Form 1099-INT you receive will show $35 interest for the year. Can i file my 2010 taxes in 2013 You must report $35 interest income on your tax return. Can i file my 2010 taxes in 2013 Interest on insurance dividends. Can i file my 2010 taxes in 2013   Interest on insurance dividends left on deposit with an insurance company that can be withdrawn annually is taxable to you in the year it is credited to your account. Can i file my 2010 taxes in 2013 However, if you can withdraw it only on the anniversary date of the policy (or other specified date), the interest is taxable in the year that date occurs. Can i file my 2010 taxes in 2013 Prepaid insurance premiums. Can i file my 2010 taxes in 2013   Any increase in the value of prepaid insurance premiums, advance premiums, or premium deposit funds is interest if it is applied to the payment of premiums due on insurance policies or made available for you to withdraw. Can i file my 2010 taxes in 2013 U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 obligations. Can i file my 2010 taxes in 2013   Interest on U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 obligations, such as U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 Treasury bills, notes, and bonds, issued by any agency or instrumentality of the United States is taxable for federal income tax purposes. Can i file my 2010 taxes in 2013 Interest on tax refunds. Can i file my 2010 taxes in 2013   Interest you receive on tax refunds is taxable income. Can i file my 2010 taxes in 2013 Interest on condemnation award. Can i file my 2010 taxes in 2013   If the condemning authority pays you interest to compensate you for a delay in payment of an award, the interest is taxable. Can i file my 2010 taxes in 2013 Installment sale payments. Can i file my 2010 taxes in 2013   If a contract for the sale or exchange of property provides for deferred payments, it also usually provides for interest payable with the deferred payments. Can i file my 2010 taxes in 2013 That interest is taxable when you receive it. Can i file my 2010 taxes in 2013 If little or no interest is provided for in a deferred payment contract, part of each payment may be treated as interest. Can i file my 2010 taxes in 2013 See Unstated Interest and Original Issue Discount (OID) in Publication 537. Can i file my 2010 taxes in 2013 Interest on annuity contract. Can i file my 2010 taxes in 2013   Accumulated interest on an annuity contract you sell before its maturity date is taxable. Can i file my 2010 taxes in 2013 Usurious interest. Can i file my 2010 taxes in 2013   Usurious interest is interest charged at an illegal rate. Can i file my 2010 taxes in 2013 This is taxable as interest unless state law automatically changes it to a payment on the principal. Can i file my 2010 taxes in 2013 Interest income on frozen deposits. Can i file my 2010 taxes in 2013   Exclude from your gross income interest on frozen deposits. Can i file my 2010 taxes in 2013 A deposit is frozen if, at the end of the year, you cannot withdraw any part of the deposit because: The financial institution is bankrupt or insolvent, or The state in which the institution is located has placed limits on withdrawals because other financial institutions in the state are bankrupt or insolvent. Can i file my 2010 taxes in 2013   The amount of interest you must exclude is the interest that was credited on the frozen deposits minus the sum of: The net amount you withdrew from these deposits during the year, and The amount you could have withdrawn as of the end of the year (not reduced by any penalty for premature withdrawals of a time deposit). Can i file my 2010 taxes in 2013 If you receive a Form 1099-INT for interest income on deposits that were frozen at the end of 2013, see Frozen deposits under How To Report Interest Income for information about reporting this interest income exclusion on your tax return. Can i file my 2010 taxes in 2013   The interest you exclude is treated as credited to your account in the following year. Can i file my 2010 taxes in 2013 You must include it in income in the year you can withdraw it. Can i file my 2010 taxes in 2013 Example. Can i file my 2010 taxes in 2013 $100 of interest was credited on your frozen deposit during the year. Can i file my 2010 taxes in 2013 You withdrew $80 but could not withdraw any more as of the end of the year. Can i file my 2010 taxes in 2013 You must include $80 in your income and exclude $20 from your income for the year. Can i file my 2010 taxes in 2013 You must include the $20 in your income for the year you can withdraw it. Can i file my 2010 taxes in 2013 Bonds traded flat. Can i file my 2010 taxes in 2013    If you buy a bond at a discount when interest has been defaulted or when the interest has accrued but has not been paid, the transaction is described as trading a bond flat. Can i file my 2010 taxes in 2013 The defaulted or unpaid interest is not income and is not taxable as interest if paid later. Can i file my 2010 taxes in 2013 When you receive a payment of that interest, it is a return of capital that reduces the remaining cost basis of your bond. Can i file my 2010 taxes in 2013 Interest that accrues after the date of purchase, however, is taxable interest income for the year received or accrued. Can i file my 2010 taxes in 2013 See Bonds Sold Between Interest Dates , later in this chapter. Can i file my 2010 taxes in 2013 Below-Market Loans If you make a below-market gift or demand loan, you must report as interest income any forgone interest (defined later) from that loan. Can i file my 2010 taxes in 2013 The below-market loan rules and exceptions are described in this section. Can i file my 2010 taxes in 2013 For more information, see section 7872 of the Internal Revenue Code and its regulations. Can i file my 2010 taxes in 2013 If you receive a below-market loan, you may be able to deduct the forgone interest as well as any interest you actually paid, but not if it is personal interest. Can i file my 2010 taxes in 2013 Loans subject to the rules. Can i file my 2010 taxes in 2013   The rules for below-market loans apply to: Gift loans, Pay-related loans, Corporation-shareholder loans, Tax avoidance loans, and Certain loans made to qualified continuing care facilities under a continuing care contract. Can i file my 2010 taxes in 2013 A pay-related loan is any below-market loan between an employer and an employee or between an independent contractor and a person for whom the contractor provides services. Can i file my 2010 taxes in 2013 A tax avoidance loan is any below-market loan where the avoidance of federal tax is one of the main purposes of the interest arrangement. Can i file my 2010 taxes in 2013 Forgone interest. Can i file my 2010 taxes in 2013   For any period, forgone interest is: The amount of interest that would be payable for that period if interest accrued on the loan at the applicable federal rate and was payable annually on December 31, minus Any interest actually payable on the loan for the period. Can i file my 2010 taxes in 2013 Applicable federal rate. Can i file my 2010 taxes in 2013   Applicable federal rates are published by the IRS each month in the Internal Revenue Bulletin. Can i file my 2010 taxes in 2013 Some IRS offices have these bulletins available for research. Can i file my 2010 taxes in 2013 See chapter 5, How To Get Tax Help , for other ways to get this information. Can i file my 2010 taxes in 2013 Rules for below-market loans. Can i file my 2010 taxes in 2013   The rules that apply to a below-market loan depend on whether the loan is a gift loan, demand loan, or term loan. Can i file my 2010 taxes in 2013 Gift and demand loans. Can i file my 2010 taxes in 2013   A gift loan is any below-market loan where the forgone interest is in the nature of a gift. Can i file my 2010 taxes in 2013   A demand loan is a loan payable in full at any time upon demand by the lender. Can i file my 2010 taxes in 2013 A demand loan is a below-market loan if no interest is charged or if interest is charged at a rate below the applicable federal rate. Can i file my 2010 taxes in 2013   A demand loan or gift loan that is a below-market loan is generally treated as an arm's-length transaction in which the lender is treated as having made: A loan to the borrower in exchange for a note that requires the payment of interest at the applicable federal rate, and An additional payment to the borrower in an amount equal to the forgone interest. Can i file my 2010 taxes in 2013 The borrower is generally treated as transferring the additional payment back to the lender as interest. Can i file my 2010 taxes in 2013 The lender must report that amount as interest income. Can i file my 2010 taxes in 2013   The lender's additional payment to the borrower is treated as a gift, dividend, contribution to capital, pay for services, or other payment, depending on the substance of the transaction. Can i file my 2010 taxes in 2013 The borrower may have to report this payment as taxable income, depending on its classification. Can i file my 2010 taxes in 2013 These transfers are considered to occur annually, generally on December 31. Can i file my 2010 taxes in 2013 Term loans. Can i file my 2010 taxes in 2013   A term loan is any loan that is not a demand loan. Can i file my 2010 taxes in 2013 A term loan is a below-market loan if the amount of the loan is more than the present value of all payments due under the loan. Can i file my 2010 taxes in 2013   A lender who makes a below-market term loan other than a gift loan is treated as transferring an additional lump-sum cash payment to the borrower (as a dividend, contribution to capital, etc. Can i file my 2010 taxes in 2013 ) on the date the loan is made. Can i file my 2010 taxes in 2013 The amount of this payment is the amount of the loan minus the present value, at the applicable federal rate, of all payments due under the loan. Can i file my 2010 taxes in 2013 An equal amount is treated as original issue discount (OID). Can i file my 2010 taxes in 2013 The lender must report the annual part of the OID as interest income. Can i file my 2010 taxes in 2013 The borrower may be able to deduct the OID as interest expense. Can i file my 2010 taxes in 2013 See Original Issue Discount (OID) , later. Can i file my 2010 taxes in 2013 Exceptions to the below-market loan rules. Can i file my 2010 taxes in 2013   Exceptions to the below-market loan rules are discussed here. Can i file my 2010 taxes in 2013 Exception for loans of $10,000 or less. Can i file my 2010 taxes in 2013   The rules for below-market loans do not apply to any day on which the total outstanding amount of loans between the borrower and lender is $10,000 or less. Can i file my 2010 taxes in 2013 This exception applies only to: Gift loans between individuals if the gift loan is not directly used to buy or carry income-producing assets, and Pay-related loans or corporation-shareholder loans if the avoidance of federal tax is not a principal purpose of the interest arrangement. Can i file my 2010 taxes in 2013 This exception does not apply to a term loan described in (2) earlier that previously has been subject to the below-market loan rules. Can i file my 2010 taxes in 2013 Those rules will continue to apply even if the outstanding balance is reduced to $10,000 or less. Can i file my 2010 taxes in 2013 Exception for loans to continuing care facilities. Can i file my 2010 taxes in 2013   Loans to qualified continuing care facilities under continuing care contracts are not subject to the rules for below-market loans for the calendar year if the lender or the lender's spouse is age 62 or older at the end of the year. Can i file my 2010 taxes in 2013 For the definitions of qualified continuing care facility and continuing care contract, see Internal Revenue Code section 7872(h). Can i file my 2010 taxes in 2013 Exception for loans without significant tax effect. Can i file my 2010 taxes in 2013   Loans are excluded from the below-market loan rules if their interest arrangements do not have a significant effect on the federal tax liability of the borrower or the lender. Can i file my 2010 taxes in 2013 These loans include: Loans made available by the lender to the general public on the same terms and conditions that are consistent with the lender's customary business practice; Loans subsidized by a federal, state, or municipal government that are made available under a program of general application to the public; Certain employee-relocation loans; Certain loans from a foreign person, unless the interest income would be effectively connected with the conduct of a U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 trade or business and would not be exempt from U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 tax under an income tax treaty; Gift loans to a charitable organization, contributions to which are deductible, if the total outstanding amount of loans between the organization and lender is $250,000 or less at all times during the tax year; and Other loans on which the interest arrangement can be shown to have no significant effect on the federal tax liability of the lender or the borrower. Can i file my 2010 taxes in 2013 For a loan described in (6) above, all the facts and circumstances are used to determine if the interest arrangement has a significant effect on the federal tax liability of the lender or borrower. Can i file my 2010 taxes in 2013 Some factors to be considered are: Whether items of income and deduction generated by the loan offset each other; The amount of these items; The cost to you of complying with the below-market loan rules, if they were to apply; and Any reasons other than taxes for structuring the transaction as a below-market loan. Can i file my 2010 taxes in 2013 If you structure a transaction to meet this exception and one of the principal purposes of that structure is the avoidance of federal tax, the loan will be considered a tax-avoidance loan, and this exception will not apply. Can i file my 2010 taxes in 2013 Limit on forgone interest for gift loans of $100,000 or less. Can i file my 2010 taxes in 2013   For gift loans between individuals, if the outstanding loans between the lender and borrower total $100,000 or less, the forgone interest to be included in income by the lender and deducted by the borrower is limited to the amount of the borrower's net investment income for the year. Can i file my 2010 taxes in 2013 If the borrower's net investment income is $1,000 or less, it is treated as zero. Can i file my 2010 taxes in 2013 This limit does not apply to a loan if the avoidance of federal tax is one of the main purposes of the interest arrangement. Can i file my 2010 taxes in 2013 Effective dates. Can i file my 2010 taxes in 2013    These rules apply to term loans made after June 6, 1984, and to demand loans outstanding after that date. Can i file my 2010 taxes in 2013 U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 Savings Bonds This section provides tax information on U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 savings bonds. Can i file my 2010 taxes in 2013 It explains how to report the interest income on these bonds and how to treat transfers of these bonds. Can i file my 2010 taxes in 2013 U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 savings bonds currently offered to individuals include Series EE bonds and Series I bonds. Can i file my 2010 taxes in 2013 For other information on U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 savings bonds, write to:  For Series HH/H: Bureau of the Fiscal Service Division of Customer Assistance P. Can i file my 2010 taxes in 2013 O. Can i file my 2010 taxes in 2013 Box 2186 Parkersburg, WV 26106-2186  For Series EE and I paper savings bonds: Bureau of the Fiscal Service Division of Customer Assistance P. Can i file my 2010 taxes in 2013 O. Can i file my 2010 taxes in 2013 Box 7012 Parkersburg, WV 26106-7012  For Series EE and I electronic bonds: Bureau of the Fiscal Service  Division of Customer Assistance P. Can i file my 2010 taxes in 2013 O. Can i file my 2010 taxes in 2013 Box 7015 Parkersburg, WV 26106-7015 Or, on the Internet, visit: www. Can i file my 2010 taxes in 2013 treasurydirect. Can i file my 2010 taxes in 2013 gov/indiv/indiv. Can i file my 2010 taxes in 2013 htm. Can i file my 2010 taxes in 2013 Accrual method taxpayers. Can i file my 2010 taxes in 2013   If you use an accrual method of accounting, you must report interest on U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 savings bonds each year as it accrues. Can i file my 2010 taxes in 2013 You cannot postpone reporting interest until you receive it or until the bonds mature. Can i file my 2010 taxes in 2013 Cash method taxpayers. Can i file my 2010 taxes in 2013   If you use the cash method of accounting, as most individual taxpayers do, you generally report the interest on U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 savings bonds when you receive it. Can i file my 2010 taxes in 2013 But see Reporting options for cash method taxpayers , later. Can i file my 2010 taxes in 2013 Series HH bonds. Can i file my 2010 taxes in 2013   These bonds were issued at face value. Can i file my 2010 taxes in 2013 Interest is paid twice a year by direct deposit to your bank account. Can i file my 2010 taxes in 2013 If you are a cash method taxpayer, you must report interest on these bonds as income in the year you receive it. Can i file my 2010 taxes in 2013   Series HH bonds were first offered in 1980 and last offered in August 2004. Can i file my 2010 taxes in 2013 Before 1980, series H bonds were issued. Can i file my 2010 taxes in 2013 Series H bonds are treated the same as series HH bonds. Can i file my 2010 taxes in 2013 If you are a cash method taxpayer, you must report the interest when you receive it. Can i file my 2010 taxes in 2013   Series H bonds have a maturity period of 30 years. Can i file my 2010 taxes in 2013 Series HH bonds mature in 20 years. Can i file my 2010 taxes in 2013 The last series H bonds matured in 2009. Can i file my 2010 taxes in 2013 The last series HH bonds will mature in 2024. Can i file my 2010 taxes in 2013 Series EE and series I bonds. Can i file my 2010 taxes in 2013   Interest on these bonds is payable when you redeem the bonds. Can i file my 2010 taxes in 2013 The difference between the purchase price and the redemption value is taxable interest. Can i file my 2010 taxes in 2013 Series EE bonds. Can i file my 2010 taxes in 2013   Series EE bonds were first offered in January 1980 and have a maturity period of 30 years. Can i file my 2010 taxes in 2013 Before July 1980, series E bonds were issued. Can i file my 2010 taxes in 2013 The original 10-year maturity period of series E bonds has been extended to 40 years for bonds issued before December 1965 and 30 years for bonds issued after November 1965. Can i file my 2010 taxes in 2013 Paper series EE and series E bonds are issued at a discount. Can i file my 2010 taxes in 2013 The face value is payable to you at maturity. Can i file my 2010 taxes in 2013 Electronic series EE bonds are issued at their face value. Can i file my 2010 taxes in 2013 The face value plus accrued interest is payable to you at maturity. Can i file my 2010 taxes in 2013 As of January 1, 2012, paper savings bonds were no longer sold at financial institutions. Can i file my 2010 taxes in 2013    Owners of paper series EE bonds can convert them to electronic bonds. Can i file my 2010 taxes in 2013 These converted bonds do not retain the denomination listed on the paper certificate but are posted at their purchase price (with accrued interest). Can i file my 2010 taxes in 2013 Series I bonds. Can i file my 2010 taxes in 2013   Series I bonds were first offered in 1998. Can i file my 2010 taxes in 2013 These are inflation-indexed bonds issued at their face amount with a maturity period of 30 years. Can i file my 2010 taxes in 2013 The face value plus all accrued interest is payable to you at maturity. Can i file my 2010 taxes in 2013 Reporting options for cash method taxpayers. Can i file my 2010 taxes in 2013   If you use the cash method of reporting income, you can report the interest on series EE, series E, and series I bonds in either of the following ways. Can i file my 2010 taxes in 2013 Method 1. Can i file my 2010 taxes in 2013 Postpone reporting the interest until the earlier of the year you cash or dispose of the bonds or the year in which they mature. Can i file my 2010 taxes in 2013 (However, see Savings bonds traded , later. Can i file my 2010 taxes in 2013 )  Note. Can i file my 2010 taxes in 2013 Series EE bonds issued in 1983 matured in 2013. Can i file my 2010 taxes in 2013 If you have used method 1, you generally must report the interest on these bonds on your 2013 return. Can i file my 2010 taxes in 2013 The last series E bonds were issued in 1980 and matured in 2010. Can i file my 2010 taxes in 2013 If you used method 1, you generally should have reported the interest on these bonds on your 2010 return. Can i file my 2010 taxes in 2013 Method 2. Can i file my 2010 taxes in 2013 Choose to report the increase in redemption value as interest each year. Can i file my 2010 taxes in 2013  You must use the same method for all series EE, series E, and series I bonds you own. Can i file my 2010 taxes in 2013 If you do not choose method 2 by reporting the increase in redemption value as interest each year, you must use method 1. Can i file my 2010 taxes in 2013 If you plan to cash your bonds in the same year you will pay for higher educational expenses, you may want to use method 1 because you may be able to exclude the interest from your income. Can i file my 2010 taxes in 2013 To learn how, see Education Savings Bond Program, later. Can i file my 2010 taxes in 2013 Change from method 1. Can i file my 2010 taxes in 2013   If you want to change your method of reporting the interest from method 1 to method 2, you can do so without permission from the IRS. Can i file my 2010 taxes in 2013 In the year of change, you must report all interest accrued to date and not previously reported for all your bonds. Can i file my 2010 taxes in 2013   Once you choose to report the interest each year, you must continue to do so for all series EE, series E, and series I bonds you own and for any you get later, unless you request permission to change, as explained next. Can i file my 2010 taxes in 2013 Change from method 2. Can i file my 2010 taxes in 2013   To change from method 2 to method 1, you must request permission from the IRS. Can i file my 2010 taxes in 2013 Permission for the change is automatically granted if you send the IRS a statement that meets all the following requirements. Can i file my 2010 taxes in 2013 You have typed or printed the following number at the top: “131. Can i file my 2010 taxes in 2013 ” It includes your name and social security number under “131. Can i file my 2010 taxes in 2013 ” It includes the year of change (both the beginning and ending dates). Can i file my 2010 taxes in 2013 It identifies the savings bonds for which you are requesting this change. Can i file my 2010 taxes in 2013 It includes your agreement to: Report all interest on any bonds acquired during or after the year of change when the interest is realized upon disposition, redemption, or final maturity, whichever is earliest; and Report all interest on the bonds acquired before the year of change when the interest is realized upon disposition, redemption, or final maturity, whichever is earliest, with the exception of the interest reported in prior tax years. Can i file my 2010 taxes in 2013   You must attach this statement to your tax return for the year of change, which you must file by the due date (including extensions). Can i file my 2010 taxes in 2013   You can have an automatic extension of 6 months from the due date of your return for the year of change (excluding extensions) to file the statement with an amended return. Can i file my 2010 taxes in 2013 On the statement, type or print “Filed pursuant to section 301. Can i file my 2010 taxes in 2013 9100-2. Can i file my 2010 taxes in 2013 ” To get this extension, you must have filed your original return for the year of the change by the due date (including extensions). Can i file my 2010 taxes in 2013    By the date you file the original statement with your return, you must also send a signed copy to the address below. Can i file my 2010 taxes in 2013    Internal Revenue Service Attention: CC:IT&A (Automatic Rulings Branch) P. Can i file my 2010 taxes in 2013 O. Can i file my 2010 taxes in 2013 Box 7604 Benjamin Franklin Station Washington, DC 20044   If you use a private delivery service, send the signed copy to the address below. Can i file my 2010 taxes in 2013 Internal Revenue Service Attention: CC:IT&A  (Automatic Rulings Branch) Room 5336 1111 Constitution Avenue, NW Washington, DC 20224    Instead of filing this statement, you can request permission to change from method 2 to method 1 by filing Form 3115. Can i file my 2010 taxes in 2013 In that case, follow the form instructions for an automatic change. Can i file my 2010 taxes in 2013 No user fee is required. Can i file my 2010 taxes in 2013 Co-owners. Can i file my 2010 taxes in 2013   If a U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 savings bond is issued in the names of co-owners, such as you and your child or you and your spouse, interest on the bond is generally taxable to the co-owner who bought the bond. Can i file my 2010 taxes in 2013 One co-owner's funds used. Can i file my 2010 taxes in 2013   If you used your funds to buy the bond, you must pay the tax on the interest. Can i file my 2010 taxes in 2013 This is true even if you let the other co-owner redeem the bond and keep all the proceeds. Can i file my 2010 taxes in 2013 Under these circumstances, the co-owner who redeemed the bond will receive a Form 1099-INT at the time of redemption and must provide you with another Form 1099-INT showing the amount of interest from the bond taxable to you. Can i file my 2010 taxes in 2013 The co-owner who redeemed the bond is a “nominee. Can i file my 2010 taxes in 2013 ” See Nominee distributions under How To Report Interest Income, later, for more information about how a person who is a nominee reports interest income belonging to another person. Can i file my 2010 taxes in 2013 Both co-owners' funds used. Can i file my 2010 taxes in 2013   If you and the other co-owner each contribute part of the bond's purchase price, the interest is generally taxable to each of you, in proportion to the amount each of you paid. Can i file my 2010 taxes in 2013 Community property. Can i file my 2010 taxes in 2013   If you and your spouse live in a community property state and hold bonds as community property, one-half of the interest is considered received by each of you. Can i file my 2010 taxes in 2013 If you file separate returns, each of you generally must report one-half of the bond interest. Can i file my 2010 taxes in 2013 For more information about community property, see Publication 555. Can i file my 2010 taxes in 2013 Table 1-2. Can i file my 2010 taxes in 2013   These rules are also shown in Table 1-2. Can i file my 2010 taxes in 2013 Child as only owner. Can i file my 2010 taxes in 2013   Interest on U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 savings bonds bought for and registered only in the name of your child is income to your child, even if you paid for the bonds and are named as beneficiary. Can i file my 2010 taxes in 2013 If the bonds are series EE, series E, or series I bonds, the interest on the bonds is income to your child in the earlier of the year the bonds are cashed or disposed of or the year the bonds mature, unless your child chooses to report the interest income each year. Can i file my 2010 taxes in 2013 Choice to report interest each year. Can i file my 2010 taxes in 2013   The choice to report the accrued interest each year can be made either by your child or by you for your child. Can i file my 2010 taxes in 2013 This choice is made by filing an income tax return that shows all the interest earned to date, and by stating on the return that your child chooses to report the interest each year. Can i file my 2010 taxes in 2013 Either you or your child should keep a copy of this return. Can i file my 2010 taxes in 2013   Unless your child is otherwise required to file a tax return for any year after making this choice, your child does not have to file a return only to report the annual accrual of U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 savings bond interest under this choice. Can i file my 2010 taxes in 2013 However, see Tax on unearned income of certain children , earlier, under General Information. Can i file my 2010 taxes in 2013 Neither you nor your child can change the way you report the interest unless you request permission from the IRS, as discussed earlier under Change from method 2 . Can i file my 2010 taxes in 2013 Ownership transferred. Can i file my 2010 taxes in 2013   If you bought series E, series EE, or series I bonds entirely with your own funds and had them reissued in your co-owner's name or beneficiary's name alone, you must include in your gross income for the year of reissue all interest that you earned on these bonds and have not previously reported. Can i file my 2010 taxes in 2013 But, if the bonds were reissued in your name alone, you do not have to report the interest accrued at that time. Can i file my 2010 taxes in 2013   This same rule applies when bonds (other than bonds held as community property) are transferred between spouses or incident to divorce. Can i file my 2010 taxes in 2013 Example. Can i file my 2010 taxes in 2013 You bought series EE bonds entirely with your own funds. Can i file my 2010 taxes in 2013 You did not choose to report the accrued interest each year. Can i file my 2010 taxes in 2013 Later, you transfer the bonds to your former spouse under a divorce agreement. Can i file my 2010 taxes in 2013 You must include the deferred accrued interest, from the date of the original issue of the bonds to the date of transfer, in your income in the year of transfer. Can i file my 2010 taxes in 2013 Your former spouse includes in income the interest on the bonds from the date of transfer to the date of redemption. Can i file my 2010 taxes in 2013 Table 1-2. Can i file my 2010 taxes in 2013 Who Pays the Tax on U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 Savings Bond Interest IF . Can i file my 2010 taxes in 2013 . Can i file my 2010 taxes in 2013 . Can i file my 2010 taxes in 2013 THEN the interest must be reported by . Can i file my 2010 taxes in 2013 . Can i file my 2010 taxes in 2013 . Can i file my 2010 taxes in 2013 you buy a bond in your name and the name of another person as co-owners, using only your own funds you. Can i file my 2010 taxes in 2013 you buy a bond in the name of another person, who is the sole owner of the bond the person for whom you bought the bond. Can i file my 2010 taxes in 2013 you and another person buy a bond as co-owners, each contributing part of the purchase price both you and the other co-owner, in proportion to the amount each paid for the bond. Can i file my 2010 taxes in 2013 you and your spouse, who live in a community property state, buy a bond that is community property you and your spouse. Can i file my 2010 taxes in 2013 If you file separate returns, both you and your spouse generally report one-half of the interest. Can i file my 2010 taxes in 2013 Purchased jointly. Can i file my 2010 taxes in 2013   If you and a co-owner each contributed funds to buy series E, series EE, or series I bonds jointly and later have the bonds reissued in the co-owner's name alone, you must include in your gross income for the year of reissue your share of all the interest earned on the bonds that you have not previously reported. Can i file my 2010 taxes in 2013 The former co-owner does not have to include in gross income at the time of reissue his or her share of the interest earned that was not reported before the transfer. Can i file my 2010 taxes in 2013 This interest, however, as well as all interest earned after the reissue, is income to the former co-owner. Can i file my 2010 taxes in 2013   This income-reporting rule also applies when the bonds are reissued in the name of your former co-owner and a new co-owner. Can i file my 2010 taxes in 2013 But the new co-owner will report only his or her share of the interest earned after the transfer. Can i file my 2010 taxes in 2013   If bonds that you and a co-owner bought jointly are reissued to each of you separately in the same proportion as your contribution to the purchase price, neither you nor your co-owner has to report at that time the interest earned before the bonds were reissued. Can i file my 2010 taxes in 2013 Example 1. Can i file my 2010 taxes in 2013 You and your spouse each spent an equal amount to buy a $1,000 series EE savings bond. Can i file my 2010 taxes in 2013 The bond was issued to you and your spouse as co-owners. Can i file my 2010 taxes in 2013 You both postpone reporting interest on the bond. Can i file my 2010 taxes in 2013 You later have the bond reissued as two $500 bonds, one in your name and one in your spouse's name. Can i file my 2010 taxes in 2013 At that time neither you nor your spouse has to report the interest earned to the date of reissue. Can i file my 2010 taxes in 2013 Example 2. Can i file my 2010 taxes in 2013 You bought a $1,000 series EE savings bond entirely with your own funds. Can i file my 2010 taxes in 2013 The bond was issued to you and your spouse as co-owners. Can i file my 2010 taxes in 2013 You both postponed reporting interest on the bond. Can i file my 2010 taxes in 2013 You later have the bond reissued as two $500 bonds, one in your name and one in your spouse's name. Can i file my 2010 taxes in 2013 You must report half the interest earned to the date of reissue. Can i file my 2010 taxes in 2013 Transfer to a trust. Can i file my 2010 taxes in 2013   If you own series E, series EE, or series I bonds and transfer them to a trust, giving up all rights of ownership, you must include in your income for that year the interest earned to the date of transfer if you have not already reported it. Can i file my 2010 taxes in 2013 However, if you are considered the owner of the trust and if the increase in value both before and after the transfer continues to be taxable to you, you can continue to defer reporting the interest earned each year. Can i file my 2010 taxes in 2013 You must include the total interest in your income in the year you cash or dispose of the bonds or the year the bonds finally mature, whichever is earlier. Can i file my 2010 taxes in 2013   The same rules apply to previously unreported interest on series EE or series E bonds if the transfer to a trust consisted of series HH or series H bonds you acquired in a trade for the series EE or series E bonds. Can i file my 2010 taxes in 2013 See Savings bonds traded , later. Can i file my 2010 taxes in 2013 Decedents. Can i file my 2010 taxes in 2013   The manner of reporting interest income on series E, series EE, or series I bonds, after the death of the owner (decedent), depends on the accounting and income-reporting methods previously used by the decedent. Can i file my 2010 taxes in 2013 Decedent who reported interest each year. Can i file my 2010 taxes in 2013   If the bonds transferred because of death were owned by a person who used an accrual method, or who used the cash method and had chosen to report the interest each year, the interest earned in the year of death up to the date of death must be reported on that person's final return. Can i file my 2010 taxes in 2013 The person who acquires the bonds includes in income only interest earned after the date of death. Can i file my 2010 taxes in 2013 Decedent who postponed reporting interest. Can i file my 2010 taxes in 2013   If the transferred bonds were owned by a decedent who had used the cash method and had not chosen to report the interest each year, and who had bought the bonds entirely with his or her own funds, all interest earned before death must be reported in one of the following ways. Can i file my 2010 taxes in 2013 The surviving spouse or personal representative (executor, administrator, etc. Can i file my 2010 taxes in 2013 ) who files the final income tax return of the decedent can choose to include on that return all interest earned on the bonds before the decedent's death. Can i file my 2010 taxes in 2013 The person who acquires the bonds then includes in income only interest earned after the date of death. Can i file my 2010 taxes in 2013 If the choice in (1) is not made, the interest earned up to the date of death is income in respect of the decedent and should not be included in the decedent's final return. Can i file my 2010 taxes in 2013 All interest earned both before and after the decedent's death (except any part reported by the estate on its income tax return) is income to the person who acquires the bonds. Can i file my 2010 taxes in 2013 If that person uses the cash method and does not choose to report the interest each year, he or she can postpone reporting it until the year the bonds are cashed or disposed of or the year they mature, whichever is earlier. Can i file my 2010 taxes in 2013 In the year that person reports the interest, he or she can claim a deduction for any federal estate tax paid on the part of the interest included in the decedent's estate. Can i file my 2010 taxes in 2013 For more information on income in respect of a decedent, see Publication 559, Survivors, Executors, and Administrators. Can i file my 2010 taxes in 2013 Example 1. Can i file my 2010 taxes in 2013 Your uncle, a cash method taxpayer, died and left you a $1,000 series EE bond. Can i file my 2010 taxes in 2013 He had bought the bond for $500 and had not chosen to report the interest each year. Can i file my 2010 taxes in 2013 At the date of death, interest of $200 had accrued on the bond, and its value of $700 was included in your uncle's estate. Can i file my 2010 taxes in 2013 Your uncle's executor chose not to include the $200 accrued interest in your uncle's final income tax return. Can i file my 2010 taxes in 2013 The $200 is income in respect of the decedent. Can i file my 2010 taxes in 2013 You are a cash method taxpayer and do not choose to report the interest each year as it is earned. Can i file my 2010 taxes in 2013 If you cash the bond when it reaches maturity value of $1,000, you report $500 interest income—the difference between maturity value of $1,000 and the original cost of $500. Can i file my 2010 taxes in 2013 For that year, you can deduct (as a miscellaneous itemized deduction not subject to the 2%-of-adjusted-gross-income limit) any federal estate tax paid because the $200 interest was included in your uncle's estate. Can i file my 2010 taxes in 2013 Example 2. Can i file my 2010 taxes in 2013 If, in Example 1 , the executor had chosen to include the $200 accrued interest in your uncle's final return, you would report only $300 as interest when you cashed the bond at maturity. Can i file my 2010 taxes in 2013 $300 is the interest earned after your uncle's death. Can i file my 2010 taxes in 2013 Example 3. Can i file my 2010 taxes in 2013 If, in Example 1 , you make or have made the choice to report the increase in redemption value as interest each year, you include in gross income for the year you acquire the bond all of the unreported increase in value of all series E, series EE, and series I bonds you hold, including the $200 on the bond you inherited from your uncle. Can i file my 2010 taxes in 2013 Example 4. Can i file my 2010 taxes in 2013 When your aunt died, she owned series HH bonds that she had acquired in a trade for series EE bonds. Can i file my 2010 taxes in 2013 You were the beneficiary of these bonds. Can i file my 2010 taxes in 2013 Your aunt used the cash method and did not choose to report the interest on the series EE bonds each year as it accrued. Can i file my 2010 taxes in 2013 Your aunt's executor chose not to include any interest earned before your aunt's death on her final return. Can i file my 2010 taxes in 2013 The income in respect of the decedent is the sum of the unreported interest on the series EE bonds and the interest, if any, payable on the series HH bonds but not received as of the date of your aunt's death. Can i file my 2010 taxes in 2013 You must report any interest received during the year as income on your return. Can i file my 2010 taxes in 2013 The part of the interest payable but not received before your aunt's death is income in respect of the decedent and may qualify for the estate tax deduction. Can i file my 2010 taxes in 2013 For information on when to report the interest on the series EE bonds traded, see Savings bonds traded , later. Can i file my 2010 taxes in 2013 Savings bonds distributed from a retirement or profit-sharing plan. Can i file my 2010 taxes in 2013   If you acquire a U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 savings bond in a taxable distribution from a retirement or profit-sharing plan, your income for the year of distribution includes the bond's redemption value (its cost plus the interest accrued before the distribution). Can i file my 2010 taxes in 2013 When you redeem the bond (whether in the year of distribution or later), your interest income includes only the interest accrued after the bond was distributed. Can i file my 2010 taxes in 2013 To figure the interest reported as a taxable distribution and your interest income when you redeem the bond, see Worksheet for savings bonds distributed from a retirement or profit-sharing plan under How To Report Interest Income, later. Can i file my 2010 taxes in 2013 Savings bonds traded. Can i file my 2010 taxes in 2013   If you postponed reporting the interest on your series EE or series E bonds, you did not recognize taxable income when you traded the bonds for series HH or series H bonds, unless you received cash in the trade. Can i file my 2010 taxes in 2013 (You cannot trade series I bonds for series HH bonds. Can i file my 2010 taxes in 2013 After August 31, 2004, you cannot trade any other series of bonds for series HH bonds. Can i file my 2010 taxes in 2013 ) Any cash you received is income up to the amount of the interest earned on the bonds traded. Can i file my 2010 taxes in 2013 When your series HH or series H bonds mature, or if you dispose of them before maturity, you report as interest the difference between their redemption value and your cost. Can i file my 2010 taxes in 2013 Your cost is the sum of the amount you paid for the traded series EE or series E bonds plus any amount you had to pay at the time of the trade. Can i file my 2010 taxes in 2013 Example. Can i file my 2010 taxes in 2013 You traded series EE bonds (on which you postponed reporting the interest) for $2,500 in series HH bonds and $223 in cash. Can i file my 2010 taxes in 2013 You reported the $223 as taxable income on your tax return. Can i file my 2010 taxes in 2013 At the time of the trade, the series EE bonds had accrued interest of $523 and a redemption value of $2,723. Can i file my 2010 taxes in 2013 You hold the series HH bonds until maturity, when you receive $2,500. Can i file my 2010 taxes in 2013 You must report $300 as interest income in the year of maturity. Can i file my 2010 taxes in 2013 This is the difference between their redemption value, $2,500, and your cost, $2,200 (the amount you paid for the series EE bonds). Can i file my 2010 taxes in 2013 (It is also the difference between the accrued interest of $523 on the series EE bonds and the $223 cash received on the trade. Can i file my 2010 taxes in 2013 ) Choice to report interest in year of trade. Can i file my 2010 taxes in 2013   You could have chosen to treat all of the previously unreported accrued interest on series EE or series E bonds traded for series HH bonds as income in the year of the trade. Can i file my 2010 taxes in 2013 If you made this choice, it is treated as a change from method 1. Can i file my 2010 taxes in 2013 See Change from method 1 under Series EE and series I bonds, earlier. Can i file my 2010 taxes in 2013 Form 1099-INT for U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 savings bond interest. Can i file my 2010 taxes in 2013   When you cash a bond, the bank or other payer that redeems it must give you a Form 1099-INT if the interest part of the payment you receive is $10 or more. Can i file my 2010 taxes in 2013 Box 3 of your Form 1099-INT should show the interest as the difference between the amount you received and the amount paid for the bond. Can i file my 2010 taxes in 2013 However, your Form 1099-INT may show more interest than you have to include on your income tax return. Can i file my 2010 taxes in 2013 For example, this may happen if any of the following are true. Can i file my 2010 taxes in 2013 You chose to report the increase in the redemption value of the bond each year. Can i file my 2010 taxes in 2013 The interest shown on your Form 1099-INT will not be reduced by amounts previously included in income. Can i file my 2010 taxes in 2013 You received the bond from a decedent. Can i file my 2010 taxes in 2013 The interest shown on your Form 1099-INT will not be reduced by any interest reported by the decedent before death, or on the decedent's final return, or by the estate on the estate's income tax return. Can i file my 2010 taxes in 2013 Ownership of the bond was transferred. Can i file my 2010 taxes in 2013 The interest shown on your Form 1099-INT will not be reduced by interest that accrued before the transfer. Can i file my 2010 taxes in 2013 You were named as a co-owner, and the other co-owner contributed funds to buy the bond. Can i file my 2010 taxes in 2013 The interest shown on your Form 1099-INT will not be reduced by the amount you received as nominee for the other co-owner. Can i file my 2010 taxes in 2013 (See Co-owners , earlier in this section, for more information about the reporting requirements. Can i file my 2010 taxes in 2013 ) You received the bond in a taxable distribution from a retirement or profit-sharing plan. Can i file my 2010 taxes in 2013 The interest shown on your Form 1099-INT will not be reduced by the interest portion of the amount taxable as a distribution from the plan and not taxable as interest. Can i file my 2010 taxes in 2013 (This amount is generally shown on Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Can i file my 2010 taxes in 2013 , for the year of distribution. Can i file my 2010 taxes in 2013 )   For more information on including the correct amount of interest on your return, see U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 savings bond interest previously reported or Nominee distributions under How To Report Interest Income, later. Can i file my 2010 taxes in 2013    Interest on U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 savings bonds is exempt from state and local taxes. Can i file my 2010 taxes in 2013 The Form 1099-INT you receive will indicate the amount that is for U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 savings bonds interest in box 3. Can i file my 2010 taxes in 2013 Do not include this income on your state or local income tax return. Can i file my 2010 taxes in 2013 Education Savings Bond Program You may be able to exclude from income all or part of the interest you receive on the redemption of qualified U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 savings bonds during the year if you pay qualified higher educational expenses during the same year. Can i file my 2010 taxes in 2013 This exclusion is known as the Education Savings Bond Program. Can i file my 2010 taxes in 2013 You do not qualify for this exclusion if your filing status is married filing separately. Can i file my 2010 taxes in 2013 Form 8815. Can i file my 2010 taxes in 2013   Use Form 8815 to figure your exclusion. Can i file my 2010 taxes in 2013 Attach the form to your Form 1040 or Form 1040A. Can i file my 2010 taxes in 2013 Qualified U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 savings bonds. Can i file my 2010 taxes in 2013   A qualified U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 savings bond is a series EE bond issued after 1989 or a series I bond. Can i file my 2010 taxes in 2013 The bond must be issued either in your name (sole owner) or in your and your spouse's names (co-owners). Can i file my 2010 taxes in 2013 You must be at least 24 years old before the bond's issue date. Can i file my 2010 taxes in 2013 For example, a bond bought by a parent and issued in the name of his or her child under age 24 does not qualify for the exclusion by the parent or child. Can i file my 2010 taxes in 2013    The issue date of a bond may be earlier than the date the bond is purchased because the issue date assigned to a bond is the first day of the month in which it is purchased. Can i file my 2010 taxes in 2013 Beneficiary. Can i file my 2010 taxes in 2013   You can designate any individual (including a child) as a beneficiary of the bond. Can i file my 2010 taxes in 2013 Verification by IRS. Can i file my 2010 taxes in 2013   If you claim the exclusion, the IRS will check it by using bond redemption information from the Department of Treasury. Can i file my 2010 taxes in 2013 Qualified expenses. Can i file my 2010 taxes in 2013   Qualified higher educational expenses are tuition and fees required for you, your spouse, or your dependent (for whom you claim an exemption) to attend an eligible educational institution. Can i file my 2010 taxes in 2013   Qualified expenses include any contribution you make to a qualified tuition program or to a Coverdell education savings account. Can i file my 2010 taxes in 2013 For information about these programs, see Publication 970, Tax Benefits for Education. Can i file my 2010 taxes in 2013   Qualified expenses do not include expenses for room and board or for courses involving sports, games, or hobbies that are not part of a degree or certificate granting program. Can i file my 2010 taxes in 2013 Eligible educational institutions. Can i file my 2010 taxes in 2013   These institutions include most public, private, and nonprofit universities, colleges, and vocational schools that are accredited and eligible to participate in student aid programs run by the Department of Education. Can i file my 2010 taxes in 2013 Reduction for certain benefits. Can i file my 2010 taxes in 2013   You must reduce your qualified higher educational expenses by all of the following tax-free benefits. Can i file my 2010 taxes in 2013 Tax-free part of scholarships and fellowships. Can i file my 2010 taxes in 2013 Expenses used to figure the tax-free portion of distributions from a Coverdell ESA. Can i file my 2010 taxes in 2013 Expenses used to figure the tax-free portion of distributions from a qualified tuition program. Can i file my 2010 taxes in 2013 Any tax-free payments (other than gifts or inheritances) received as educational assistance, such as: Veterans' educational assistance benefits, Qualified tuition reductions, or Employer-provided educational assistance. Can i file my 2010 taxes in 2013 Any expense used in figuring the American Opportunity and lifetime learning credits. Can i file my 2010 taxes in 2013 For information about these benefits, see Publication 970. Can i file my 2010 taxes in 2013 Amount excludable. Can i file my 2010 taxes in 2013   If the total proceeds (interest and principal) from the qualified U. Can i file my 2010 taxes in 2013 S. Can i file my 2010 taxes in 2013 savings bonds you redeem during the year are not more than your adjusted qualified higher educational expenses for the year, you may be able to exclude all of the interest. Can i file my 2010 taxes in 2013 If the proceeds are more than the expenses, you may be able to exclude only part of the interest. Can i file my 2010 taxes in 2013   To determine the excludable amount, multiply the interest part of the proceeds by a fraction. Can i file my 2010 taxes in 2013 The numer