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

Free Ohio Tax Form 1040ez

TurbotaxDoes Turbotax Do State TaxesFile State Tax Returns FreeForm 48682011 1040 FormFiling 2011 Taxes OnlineWhere Can I Do My State Taxes For FreeDo Tax AmendmentHow Can I File An Amended Tax Return2007 Tax2011 Tax Forms 1040a1040x Fillable FormWhere To File 1040ezFree Tax ServicesFree 1040nrEfiling Income TaxHow To Amend Tax Return 2013H & R Block Free Tax FilingMyfreetaxes 2014Turbo Tax For MilitaryIrs 1040ez Form 2012Free State And Federal Tax ReturnsAmend A Federal Tax ReturnMilitary Turbo TaxWww Irs Gov FileE File State Taxes FreeWww Myfreetaxes Com SpringfieldmoHow To File Self Employed Taxes Step By StepPa Direct FileTax Forms 2010Filing 2010 Taxes Late Online FreeIncome Tax ReturnFile Tax Return For 2012Aarp Tax Preparation1040 Ez Tax TableIrs Forms 1040x Instructions2011 Tax ScheduleFreefileAmending Federal Tax ReturnFiling An Amended Tax Return

Free Ohio Tax Form 1040ez

Free ohio tax form 1040ez 13. Free ohio tax form 1040ez   Payment of Taxes Table of Contents How To Make Deposits When To Make Deposits Amount of DepositsSafe Harbor Rule Generally, semimonthly deposits of excise taxes are required. Free ohio tax form 1040ez A semimonthly period is the first 15 days of a month (the first semimonthly period) or the 16th through the last day of a month (the second semimonthly period). Free ohio tax form 1040ez However, no deposit is required for the situations listed below; the taxes are payable with Form 720. Free ohio tax form 1040ez The net liability for taxes listed in Part I (Form 720) does not exceed $2,500 for the quarter. Free ohio tax form 1040ez The gas guzzler tax is being paid on a one-time filing. Free ohio tax form 1040ez The liability is for taxes listed in Part II (Form 720), except for the floor stocks tax which generally requires a single deposit. Free ohio tax form 1040ez How To Make Deposits Electronic deposit requirement. Free ohio tax form 1040ez   You must use electronic funds transfer to make excise tax deposits. Free ohio tax form 1040ez Generally, electronic funds transfers are made using the Electronic Federal Tax Payment System (EFTPS). Free ohio tax form 1040ez If you do not want to use EFTPS, you can arrange for your tax professional, financial institution, payroll service, or other trusted third party to make deposits on your behalf. Free ohio tax form 1040ez Also, you may arrange for your financial institution to initiate a same-day wire payment on your behalf. Free ohio tax form 1040ez   EFTPS is a free service provided by the Department of Treasury. Free ohio tax form 1040ez Services provided by your tax professional, financial institution, payroll service, or other third party may have a fee. Free ohio tax form 1040ez To get more information about EFTPS or to enroll in EFTPS, visit www. Free ohio tax form 1040ez eftps. Free ohio tax form 1040ez gov or call 1-800-555-4477. Free ohio tax form 1040ez Additional information about EFTPS is also available in Publication 966, Electronic Federal Tax Payment System: A Guide to Getting Started. Free ohio tax form 1040ez    Depositing on time. Free ohio tax form 1040ez For EFTPS deposits to be on time, you must initiate the transaction at least 1 day before the date the deposit is due (before 8:00 p. Free ohio tax form 1040ez m. Free ohio tax form 1040ez Eastern time). Free ohio tax form 1040ez You will automatically be enrolled in EFTPS when you apply for an EIN. Free ohio tax form 1040ez You will receive a separate mailing containing instructions for activating your EFTPS enrollment after you receive your EIN. Free ohio tax form 1040ez When To Make Deposits There are two methods for determining deposits: the regular method and the alternative method. Free ohio tax form 1040ez The regular method applies to all taxes in Part I of Form 720 except for communications and air transportation taxes if deposits are based on amounts billed or tickets sold, rather than on amounts actually collected. Free ohio tax form 1040ez See Alternative method below. Free ohio tax form 1040ez If you are depositing more than one tax under a method, combine all the taxes under the method and make one deposit for the semimonthly period. Free ohio tax form 1040ez Regular method. Free ohio tax form 1040ez   The deposit of tax for a semimonthly period is due by the 14th day following that period. Free ohio tax form 1040ez Generally, this is the 29th day of a month for the first semimonthly period and the 14th day of the following month for the second semimonthly period. Free ohio tax form 1040ez If the 14th or the 29th day falls on a Saturday, Sunday, or legal holiday, you must make the deposit by the immediately preceding day that is not a Saturday, Sunday, or legal holiday. Free ohio tax form 1040ez Alternative method (IRS Nos. Free ohio tax form 1040ez 22, 26, 27, and 28). Free ohio tax form 1040ez   Deposits of communications and air transportation taxes may be based on taxes included in amounts billed or tickets sold during a semimonthly period instead of on taxes actually collected during the period. Free ohio tax form 1040ez Under the alternative method, the tax included in amounts billed or tickets sold during a semimonthly period is considered collected during the first 7 days of the second following semimonthly period. Free ohio tax form 1040ez The deposit of tax is due by the 3rd banking day after the 7th day of that period. Free ohio tax form 1040ez   For an example of the alternative method, see the Instructions for Form 720. Free ohio tax form 1040ez To use the alternative method, you must keep a separate account of the tax included in amounts billed or tickets sold during the month and report on Form 720 the tax included in amounts billed or tickets sold and not the amount of tax that is actually collected. Free ohio tax form 1040ez For example, amounts billed in December, January, and February are considered collected during January, February, and March and are reported on Form 720 as the tax for the 1st quarter of the calendar year. Free ohio tax form 1040ez The separate account for each month must reflect: All items of tax included in amounts billed or tickets sold during the month, and Other items of adjustment relating to tax for prior months (within the statute of limitations on credits or refunds). Free ohio tax form 1040ez The separate account for any month cannot include an adjustment resulting from a refusal to pay or inability to collect unless the refusal has been reported to the IRS. Free ohio tax form 1040ez See Uncollected Tax Report in chapter 4. Free ohio tax form 1040ez The net amount of tax that is considered collected during the semimonthly period must be either: The net amount of tax reflected in the separate account for the corresponding semimonthly period of the preceding month, or One-half of the net amount of tax reflected in the separate account for the preceding month. Free ohio tax form 1040ez Special rule for deposits of taxes in September. Free ohio tax form 1040ez   See the Instructions for Form 720 for a special rule on deposits made in September. Free ohio tax form 1040ez Amount of Deposits Deposits for a semimonthly period generally must be at least 95% of the net tax liability for that period unless the safe harbor rule (discussed later) applies. Free ohio tax form 1040ez Generally, you do not have to make a deposit for a period in which you incurred no tax liability. Free ohio tax form 1040ez Net tax liability. Free ohio tax form 1040ez   Your net tax liability is your tax liability for the period minus any claims on Schedule C (Form 720) for the period. Free ohio tax form 1040ez You may figure your net tax liability for a semimonthly period by dividing your net liability incurred during the calendar month by two. Free ohio tax form 1040ez If you use this method, you must use it for all semimonthly periods in the calendar quarter. Free ohio tax form 1040ez Do not reduce your liability by any amounts from Form 720X. Free ohio tax form 1040ez Safe Harbor Rule The safe harbor rule applies separately to deposits under the regular method and the alternative method. Free ohio tax form 1040ez Persons who filed Form 720 for the look-back quarter (the 2nd calendar quarter preceding the current quarter) are considered to meet the semimonthly deposit requirement if the deposit for each semimonthly period in the current quarter is at least 1/6 (16. Free ohio tax form 1040ez 67%) of the net tax liability reported for the look-back quarter. Free ohio tax form 1040ez For the semimonthly period for which the additional deposit is required, the additional deposit must be at least 11/90 12. Free ohio tax form 1040ez 23%), 10/90 (11. Free ohio tax form 1040ez 12%) for non-EFTPS, of the net tax liability reported for the look-back quarter. Free ohio tax form 1040ez Also, the total deposit for that semimonthly period must be at least 1/6 (16. Free ohio tax form 1040ez 67%) of the net tax liability reported for the look-back quarter. Free ohio tax form 1040ez Exceptions. Free ohio tax form 1040ez   The safe harbor rule does not apply to: The 1st and 2nd quarters beginning on or after the effective date of an increase in the rate of tax unless the deposit of taxes for each semimonthly period in the calendar quarter is at least 1/6 (16. Free ohio tax form 1040ez 67%) of the tax liability you would have had for the look-back quarter if the increased rate of tax had been in effect for that look-back quarter, Any quarter if liability includes any tax not in effect throughout the look-back quarter, or For deposits under the alternative method, any quarter if liability includes any tax not in effect throughout the look-back quarter and the month preceding the look-back quarter. Free ohio tax form 1040ez Requirements to be met. Free ohio tax form 1040ez   For the safe harbor rule to apply, you must: Make each deposit timely at an authorized financial institution, and Pay any underpayment for the current quarter by the due date of the return. Free ohio tax form 1040ez    The IRS may withdraw the right to make deposits of tax using the safe harbor rule from any person not complying with these rules. Free ohio tax form 1040ez Tax rate increases. Free ohio tax form 1040ez   You must modify the safe harbor rule if there has been an increase in the rate of tax. Free ohio tax form 1040ez You must figure your tax liability in the look-back quarter as if the increased rate had been in effect. Free ohio tax form 1040ez To qualify for the safe harbor rule, your deposits cannot be less than 1/6 of the refigured tax liability. Free ohio tax form 1040ez Prev  Up  Next   Home   More Online Publications
Print - Click this link to Print this page

Industry Issue Resolution Program

The IRS offers a number of programs and tools to assist taxpayers in resolving contentious and industry-specific tax issues. In addition to the Industry Issue Resolution Program, other programs available include:

The Industry Issue Resolution (IIR) Program resolves frequently disputed or burdensome tax issues that affect a significant number of business taxpayers through the issuance of guidance. IRS solicits suggestions for issues from taxpayers, representatives and associations for the IIR Program. For each issue selected for the program, a resolution team of IRS, Chief Counsel and Treasury personnel is assembled to gather and analyze relevant information for the issue and develop and recommend guidance.

IIR Program:

Issues Submitted/Selected for IIR Program:

 

New IIR Selection dated 11-19-2012 - 2012 Issue Selected for the IIR Program
IR-2010-40 dated 04-02-2010 - 2009/2010 Issues Reviewed/Selected for the IIR Program
IR-2008-110 dated 09-25-2008 - 2008 Issues Reviewed/Selected for the IIR Program 
 IR-2007-39 dated 02-22-2007 - 2006 Issues Reviewed/Selected for the IIR Program
 IR 2005-81 dated 08-08-2005 - 2005 Issues Reviewed/Selected for the IIR Program 
 IR-2004-154 dated 12-21-2004 - 2004 Issues Reviewed/Selected for the IIR Program - 2nd Review 
 IR-2004-100 dated 07-29-2004 - 2004 Issues Reviewed/Selected for the IIR Program - 1st Review 
 IR-2003-92 dated 07-24-2003 - 2003 Issues Reviewed/Selected for the IIR Program 

IIR Guidance Issued

Page Last Reviewed or Updated: 04-Sep-2013

The Free Ohio Tax Form 1040ez

Free ohio tax form 1040ez Publication 939 - Main Content Table of Contents General Information Taxation of Periodic PaymentsInvestment in the Contract Expected Return Computation Under the General Rule How To Use Actuarial TablesUnisex Annuity Tables Special Elections Worksheets for Determining Taxable Annuity Actuarial Tables Requesting a Ruling on Taxation of Annuity How To Get Tax HelpLow Income Taxpayer Clinics General Information Some of the terms used in this publication are defined in the following paragraphs. Free ohio tax form 1040ez A pension is generally a series of payments made to you after you retire from work. Free ohio tax form 1040ez Pension payments are made regularly and are for past services with an employer. Free ohio tax form 1040ez An annuity is a series of payments under a contract. Free ohio tax form 1040ez You can buy the contract alone or you can buy it with the help of your employer. Free ohio tax form 1040ez Annuity payments are made regularly for more than one full year. Free ohio tax form 1040ez Note. Free ohio tax form 1040ez Distributions from pensions and annuities follow the same rules as outlined in this publication unless otherwise noted. Free ohio tax form 1040ez Types of pensions and annuities. Free ohio tax form 1040ez   Particular types of pensions and annuities include: Fixed period annuities. Free ohio tax form 1040ez You receive definite amounts at regular intervals for a definite length of time. Free ohio tax form 1040ez Annuities for a single life. Free ohio tax form 1040ez You receive definite amounts at regular intervals for life. Free ohio tax form 1040ez The payments end at death. Free ohio tax form 1040ez Joint and survivor annuities. Free ohio tax form 1040ez The first annuitant receives a definite amount at regular intervals for life. Free ohio tax form 1040ez After he or she dies, a second annuitant receives a definite amount at regular intervals for life. Free ohio tax form 1040ez The amount paid to the second annuitant may or may not differ from the amount paid to the first annuitant. Free ohio tax form 1040ez Variable annuities. Free ohio tax form 1040ez You receive payments that may vary in amount for a definite length of time or for life. Free ohio tax form 1040ez The amounts you receive may depend upon such variables as profits earned by the pension or annuity funds or cost-of-living indexes. Free ohio tax form 1040ez Disability pensions. Free ohio tax form 1040ez You are under minimum retirement age and receive payments because you retired on disability. Free ohio tax form 1040ez If, at the time of your retirement, you were permanently and totally disabled, you may be eligible for the credit for the elderly or the disabled discussed in Publication 524. Free ohio tax form 1040ez If your annuity starting date is after November 18, 1996, the General Rule cannot be used for the following qualified plans. Free ohio tax form 1040ez A qualified employee plan is an employer's stock bonus, pension, or profit-sharing plan that is for the exclusive benefit of employees or their beneficiaries. Free ohio tax form 1040ez This plan must meet Internal Revenue Code requirements. Free ohio tax form 1040ez It qualifies for special tax benefits, including tax deferral for employer contributions and rollover distributions. Free ohio tax form 1040ez However, you must use the General Rule if you were 75 or over and the annuity payments are guaranteed for more than 5 years. Free ohio tax form 1040ez A qualified employee annuity is a retirement annuity purchased by an employer for an employee under a plan that meets Internal Revenue Code requirements. Free ohio tax form 1040ez A tax-sheltered annuity is a special annuity plan or contract purchased for an employee of a public school or tax-exempt organization. Free ohio tax form 1040ez   The General Rule is used to figure the tax treatment of various types of pensions and annuities, including nonqualified employee plans. Free ohio tax form 1040ez A nonqualified employee plan is an employer's plan that does not meet Internal Revenue Code requirements. Free ohio tax form 1040ez It does not qualify for most of the tax benefits of a qualified plan. Free ohio tax form 1040ez Annuity worksheets. Free ohio tax form 1040ez   The worksheets found near the end of the text of this publication may be useful to you in figuring the taxable part of your annuity. Free ohio tax form 1040ez Request for a ruling. Free ohio tax form 1040ez   If you are unable to determine the income tax treatment of your pension or annuity, you may ask the Internal Revenue Service to figure the taxable part of your annuity payments. Free ohio tax form 1040ez This is treated as a request for a ruling. Free ohio tax form 1040ez See Requesting a Ruling on Taxation of Annuity near the end of this publication. Free ohio tax form 1040ez Withholding tax and estimated tax. Free ohio tax form 1040ez   Your pension or annuity is subject to federal income tax withholding unless you choose not to have tax withheld. Free ohio tax form 1040ez If you choose not to have tax withheld from your pension or annuity, or if you do not have enough income tax withheld, you may have to make estimated tax payments. Free ohio tax form 1040ez Taxation of Periodic Payments This section explains how the periodic payments you receive under a pension or annuity plan are taxed under the General Rule. Free ohio tax form 1040ez Periodic payments are amounts paid at regular intervals (such as weekly, monthly, or yearly) for a period of time greater than one year (such as for 15 years or for life). Free ohio tax form 1040ez These payments are also known as amounts received as an annuity. Free ohio tax form 1040ez If you receive an amount from your plan that is a nonperiodic payment (amount not received as an annuity), see Taxation of Nonperiodic Payments in Publication 575. Free ohio tax form 1040ez In general, you can recover your net cost of the pension or annuity tax free over the period you are to receive the payments. Free ohio tax form 1040ez The amount of each payment that is more than the part that represents your net cost is taxable. Free ohio tax form 1040ez Under the General Rule, the part of each annuity payment that represents your net cost is in the same proportion that your investment in the contract is to your expected return. Free ohio tax form 1040ez These terms are explained in the following discussions. Free ohio tax form 1040ez Investment in the Contract In figuring how much of your pension or annuity is taxable under the General Rule, you must figure your investment in the contract. Free ohio tax form 1040ez First, find your net cost of the contract as of the annuity starting date (defined later). Free ohio tax form 1040ez To find this amount, you must first figure the total premiums, contributions, or other amounts paid. Free ohio tax form 1040ez This includes the amounts your employer contributed if you were required to include these amounts in income. Free ohio tax form 1040ez It also includes amounts you actually contributed (except amounts for health and accident benefits and deductible voluntary employee contributions). Free ohio tax form 1040ez From this total cost you subtract: Any refunded premiums, rebates, dividends, or unrepaid loans (any of which were not included in your income) that you received by the later of the annuity starting date or the date on which you received your first payment. Free ohio tax form 1040ez Any additional premiums paid for double indemnity or disability benefits. Free ohio tax form 1040ez Any other tax-free amounts you received under the contract or plan before the later of the dates in (1). Free ohio tax form 1040ez The annuity starting date   is the later of the first day of the first period for which you receive payment under the contract or the date on which the obligation under the contract becomes fixed. Free ohio tax form 1040ez Example. Free ohio tax form 1040ez On January 1 you completed all your payments required under an annuity contract providing for monthly payments starting on August 1, for the period beginning July 1. Free ohio tax form 1040ez The annuity starting date is July 1. Free ohio tax form 1040ez This is the date you use in figuring your investment in the contract and your expected return (discussed later). Free ohio tax form 1040ez Adjustments If any of the following items apply, adjust (add or subtract) your total cost to find your net cost. Free ohio tax form 1040ez Foreign employment. Free ohio tax form 1040ez   If you worked abroad, your cost may include contributions by your employer to the retirement plan, but only if those contributions would be excludible from your gross income had they been paid directly to you as compensation. Free ohio tax form 1040ez The contributions that apply are: Contributions before 1963 by your employer, Contributions after 1962 by your employer if the contributions would be excludible from your gross income (without regard to the foreign earned income exclusion) had they been paid directly to you, or Contributions after 1996 by your employer on your behalf if you performed the services of a foreign missionary (a duly ordained, commissioned, or licensed minister of a church or a lay person) if the contributions would be excludible from your gross income had they been paid directly to you. Free ohio tax form 1040ez Foreign employment contributions while a nonresident alien. Free ohio tax form 1040ez   In determining your cost, special rules apply if you are a U. Free ohio tax form 1040ez S. Free ohio tax form 1040ez citizen or resident alien who received distributions from a plan to which contributions were made while you were a nonresident alien. Free ohio tax form 1040ez Your contributions and your employer's contributions are not included in your cost if the contributions: Were made based on compensation which was for services performed outside the United States which you were a nonresident alien, and Were not subject to income tax under the laws of the United States or any foreign country, but only if the contribution would have been subject to income tax if they had been paid as cash compensation when the services were performed. Free ohio tax form 1040ez Death benefit exclusion. Free ohio tax form 1040ez   If you are the beneficiary of a deceased employee (or former employee), who died before August 21, 1996, you may qualify for a death benefit exclusion of up to $5,000. Free ohio tax form 1040ez The beneficiary of a deceased employee who died after August 20, 1996, will not qualify for the death benefit exclusion. Free ohio tax form 1040ez How to adjust your total cost. Free ohio tax form 1040ez   If you are eligible, treat the amount of any allowable death benefit exclusion as additional cost paid by the employee. Free ohio tax form 1040ez Add it to the cost or unrecovered cost of the annuity at the annuity starting date. Free ohio tax form 1040ez See Example 3 under Computation Under General Rule for an illustration of the adjustment to the cost of the contract. Free ohio tax form 1040ez Net cost. Free ohio tax form 1040ez   Your total cost plus certain adjustments and minus other amounts already recovered before the annuity starting date is your net cost. Free ohio tax form 1040ez This is the unrecovered investment in the contract as of the annuity starting date. Free ohio tax form 1040ez If your annuity starting date is after 1986, this is the maximum amount that you may recover tax free under the contract. Free ohio tax form 1040ez Refund feature. Free ohio tax form 1040ez   Adjustment for the value of the refund feature is only applicable when you report your pension or annuity under the General Rule. Free ohio tax form 1040ez Your annuity contract has a refund feature if: The expected return ( discussed later) of an annuity depends entirely or partly on the life of one or more individuals, The contract provides that payments will be made to a beneficiary or the estate of an annuitant on or after the death of the annuitant if a stated amount or a stated number of payments has not been paid to the annuitant or annuitants before death, and The payments are a refund of the amount you paid for the annuity contract. Free ohio tax form 1040ez   If your annuity has a refund feature, you must reduce your net cost of the contract by the value of the refund feature (figured using Table III or VII at the end of this publication, also see How To Use Actuarial Tables , later) to find the investment in the contract. Free ohio tax form 1040ez Zero value of refund feature. Free ohio tax form 1040ez   For a joint and survivor annuity, the value of the refund feature is zero if: Both annuitants are age 74 or younger, The payments are guaranteed for less than 2½ years, and The survivor's annuity is at least 50% of the first annuitant's annuity. Free ohio tax form 1040ez   For a single-life annuity without survivor benefit, the value of the refund feature is zero if: The payments are guaranteed for less than 2½ years, and The annuitant is: Age 57 or younger (if using the new (unisex) annuity tables), Age 42 or younger (if male and using the old annuity tables), or Age 47 or younger (if female and using the old annuity tables). Free ohio tax form 1040ez   If you do not meet these requirements, you will have to figure the value of the refund feature, as explained in the following discussion. Free ohio tax form 1040ez Examples. Free ohio tax form 1040ez The first example shows how to figure the value of the refund feature when there is only one beneficiary. Free ohio tax form 1040ez Example 2 shows how to figure the value of the refund feature when the contract provides, in addition to a whole life annuity, one or more temporary life annuities for the lives of children. Free ohio tax form 1040ez In both examples, the taxpayer elects to use Tables V through VIII. Free ohio tax form 1040ez If you need the value of the refund feature for a joint and survivor annuity, write to the Internal Revenue Service as explained under Requesting a Ruling on Taxation of Annuity near the end of this publication. Free ohio tax form 1040ez Example 1. Free ohio tax form 1040ez At age 65, Barbara bought for $21,053 an annuity with a refund feature. Free ohio tax form 1040ez She will get $100 a month for life. Free ohio tax form 1040ez Barbara's contract provides that if she does not live long enough to recover the full $21,053, similar payments will be made to her surviving beneficiary until a total of $21,053 has been paid under the contract. Free ohio tax form 1040ez In this case, the contract cost and the total guaranteed return are the same ($21,053). Free ohio tax form 1040ez Barbara's investment in the contract is figured as follows: Net cost $21,053 Amount to be received annually $1,200   Number of years for which payment is guaranteed ($21,053 divided by $1,200) 17. Free ohio tax form 1040ez 54   Rounded to nearest whole number of years 18   Percentage from Actuarial Table VII for age 65 with 18 years of guaranteed payments 15%   Value of the refund feature (rounded to the nearest dollar)—15% of $21,053 3,158 Investment in the contract, adjusted for value of refund feature $17,895       If the total guaranteed return were less than the $21,053 net cost of the contract, Barbara would apply the appropriate percentage from the tables to the lesser amount. Free ohio tax form 1040ez For example, if the contract guaranteed the $100 monthly payments for 17 years to Barbara's estate or beneficiary if she were to die before receiving all the payments for that period, the total guaranteed return would be $20,400 ($100 × 12 × 17 years). Free ohio tax form 1040ez In this case, the value of the refund feature would be $2,856 (14% of $20,400) and Barbara's investment in the contract would be $18,197 ($21,053 minus $2,856) instead of $17,895. Free ohio tax form 1040ez Example 2. Free ohio tax form 1040ez John died while still employed. Free ohio tax form 1040ez His widow, Eleanor, age 48, receives $171 a month for the rest of her life. Free ohio tax form 1040ez John's son, Elmer, age 9, receives $50 a month until he reaches age 18. Free ohio tax form 1040ez John's contributions to the retirement fund totaled $7,559. Free ohio tax form 1040ez 45, with interest on those contributions of $1,602. Free ohio tax form 1040ez 53. Free ohio tax form 1040ez The guarantee or total refund feature of the contract is $9,161. Free ohio tax form 1040ez 98 ($7,559. Free ohio tax form 1040ez 45 plus $1,602. Free ohio tax form 1040ez 53). Free ohio tax form 1040ez The adjustment in the investment in the contract is figured as follows: A) Expected return:*       1) Widow's expected return:         Annual annuity ($171 × 12) $2,052       Multiplied by factor from Table V         (nearest age 48) 34. Free ohio tax form 1040ez 9 $71,614. Free ohio tax form 1040ez 80   2) Child's expected return:         Annual annuity ($50 × 12) $600       Multiplied by factor from         Table VIII (nearest age 9         for term of 9 years) 9. Free ohio tax form 1040ez 0 5,400. Free ohio tax form 1040ez 00   3) Total expected return   $77,014. Free ohio tax form 1040ez 80 B) Adjustment for refund feature:       1) Contributions (net cost) $7,559. Free ohio tax form 1040ez 45   2) Guaranteed amount (contributions of $7,559. Free ohio tax form 1040ez 45 plus interest of $1,602. Free ohio tax form 1040ez 53) $9,161. Free ohio tax form 1040ez 98   3) Minus: Expected return under child's (temporary life) annuity (A(2)) 5,400. Free ohio tax form 1040ez 00   4) Net guaranteed amount $3,761. Free ohio tax form 1040ez 98   5) Multiple from Table VII (nearest age 48 for 2 years duration (recovery of $3,761. Free ohio tax form 1040ez 98 at $171 a month to nearest whole year)) 0%   6) Adjustment required for value of refund feature rounded to the nearest whole dollar  (0% × $3,761. Free ohio tax form 1040ez 98, the smaller of B(3) or B(6)) 0 *Expected return is the total amount you and other eligible annuitants can expect to receive under the contract. Free ohio tax form 1040ez See the discussion of expected return, later in this publication. Free ohio tax form 1040ez Free IRS help. Free ohio tax form 1040ez   If you need to request assistance to figure the value of the refund feature, see Requesting a Ruling on Taxation of Annuity near the end of this publication. Free ohio tax form 1040ez Expected Return Your expected return is the total amount you and other eligible annuitants can expect to receive under the contract. Free ohio tax form 1040ez The following discussions explain how to figure the expected return with each type of annuity. Free ohio tax form 1040ez A person's age, for purposes of figuring the expected return, is the age at the birthday nearest to the annuity starting date. Free ohio tax form 1040ez Fixed period annuity. Free ohio tax form 1040ez   If you will get annuity payments for a fixed number of years, without regard to your life expectancy, you must figure your expected return based on that fixed number of years. Free ohio tax form 1040ez It is the total amount you will get beginning at the annuity starting date. Free ohio tax form 1040ez You will receive specific periodic payments for a definite period of time, such as a fixed number of months (but not less than 13). Free ohio tax form 1040ez To figure your expected return, multiply the fixed number of months for which payments are to be made by the amount of the payment specified for each period. Free ohio tax form 1040ez Single life annuity. Free ohio tax form 1040ez   If you are to get annuity payments for the rest of your life, find your expected return as follows. Free ohio tax form 1040ez You must multiply the amount of the annual payment by a multiple based on your life expectancy as of the annuity starting date. Free ohio tax form 1040ez These multiples are set out in actuarial Tables I and V near the end of this publication (see How To Use Actuarial Tables , later). Free ohio tax form 1040ez   You may need to adjust these multiples if the payments are made quarterly, semiannually, or annually. Free ohio tax form 1040ez See Adjustments to Tables I, II, V, VI, and VIA following Table I. Free ohio tax form 1040ez Example. Free ohio tax form 1040ez Henry bought an annuity contract that will give him an annuity of $500 a month for his life. Free ohio tax form 1040ez If at the annuity starting date Henry's nearest birthday is 66, the expected return is figured as follows: Annual payment ($500 × 12 months) $6,000 Multiple shown in Table V, age 66 × 19. Free ohio tax form 1040ez 2 Expected return $115,200 If the payments were to be made to Henry quarterly and the first payment was made one full month after the annuity starting date, Henry would adjust the 19. Free ohio tax form 1040ez 2 multiple by +. Free ohio tax form 1040ez 1. Free ohio tax form 1040ez His expected return would then be $115,800 ($6,000 × 19. Free ohio tax form 1040ez 3). Free ohio tax form 1040ez Annuity for shorter of life or specified period. Free ohio tax form 1040ez   With this type of annuity, you are to get annuity payments either for the rest of your life or until the end of a specified period, whichever period is shorter. Free ohio tax form 1040ez To figure your expected return, multiply the amount of your annual payment by a multiple in Table IV or VIII for temporary life annuities. Free ohio tax form 1040ez Find the proper multiple based on your sex (if using Table IV), your age at the annuity starting date, and the nearest whole number of years in the specified period. Free ohio tax form 1040ez Example. Free ohio tax form 1040ez Harriet purchased an annuity this year that will pay her $200 each month for five years or until she dies, whichever period is shorter. Free ohio tax form 1040ez She was age 65 at her birthday nearest the annuity starting date. Free ohio tax form 1040ez She figures the expected return as follows: Annual payment ($200 × 12 months) $2,400 Multiple shown in Table VIII, age 65, 5-year term × 4. Free ohio tax form 1040ez 9 Expected return $11,760 She uses Table VIII (not Table IV) because all her contributions were made after June 30, 1986. Free ohio tax form 1040ez See Special Elections, later. Free ohio tax form 1040ez Joint and survivor annuities. Free ohio tax form 1040ez   If you have an annuity that pays you a periodic income for life and after your death provides an identical lifetime periodic income to your spouse (or some other person), you figure the expected return based on your combined life expectancies. Free ohio tax form 1040ez To figure the expected return, multiply the annual payment by a multiple in Table II or VI based on your joint life expectancies. Free ohio tax form 1040ez If your payments are made quarterly, semiannually, or annually, you may need to adjust these multiples. Free ohio tax form 1040ez See Adjustments to Tables I, II, V, VI, and VIA following Table I near the end of this publication. Free ohio tax form 1040ez Example. Free ohio tax form 1040ez John bought a joint and survivor annuity providing payments of $500 a month for his life, and, after his death, $500 a month for the remainder of his wife's life. Free ohio tax form 1040ez At John's annuity starting date, his age at his nearest birthday is 70 and his wife's at her nearest birthday is 67. Free ohio tax form 1040ez The expected return is figured as follows: Annual payment ($500 × 12 months) $6,000 Multiple shown in Table VI, ages 67 and 70 × 22. Free ohio tax form 1040ez 0 Expected return $132,000 Different payments to survivor. Free ohio tax form 1040ez   If your contract provides that payments to a survivor annuitant will be different from the amount you receive, you must use a computation which accounts for both the joint lives of the annuitants and the life of the survivor. Free ohio tax form 1040ez Example 1. Free ohio tax form 1040ez Gerald bought a contract providing for payments to him of $500 a month for life and, after his death, payments to his wife, Mary, of $350 a month for life. Free ohio tax form 1040ez If, at the annuity starting date, Gerald's nearest birthday is 70 and Mary's is 67, the expected return under the contract is figured as follows: Combined multiple for Gerald and Mary, ages 70 and 67 (from Table VI)   22. Free ohio tax form 1040ez 0 Multiple for Gerald, age 70 (from Table V)   16. Free ohio tax form 1040ez 0 Difference: Multiple applicable to Mary   6. Free ohio tax form 1040ez 0 Gerald's annual payment ($500 × 12) $6,000   Gerald's multiple 16. Free ohio tax form 1040ez 0   Gerald's expected return   $96,000 Mary's annual payment ($350 × 12) $4,200   Mary's multiple 6. Free ohio tax form 1040ez 0   Mary's expected return   25,200 Total expected return under the contract   $121,200 Example 2. Free ohio tax form 1040ez Your husband died while still employed. Free ohio tax form 1040ez Under the terms of his employer's retirement plan, you are entitled to get an immediate annuity of $400 a month for the rest of your life or until you remarry. Free ohio tax form 1040ez Your daughters, Marie and Jean, are each entitled to immediate temporary life annuities of $150 a month until they reach age 18. Free ohio tax form 1040ez You were 50 years old at the annuity starting date. Free ohio tax form 1040ez Marie was 16 and Jean was 14. Free ohio tax form 1040ez Using the multiples shown in Tables V and VIII at the end of this publication, the total expected return on the annuity starting date is $169,680, figured as follows: Widow, age 50 (multiple from Table V—33. Free ohio tax form 1040ez 1 × $4,800 annual payment) $158,880 Marie, age 16 for 2 years duration (multiple from Table VIII—2. Free ohio tax form 1040ez 0 × $1,800 annual payment) 3,600 Jean, age 14 for 4 years duration (multiple from Table VIII—4. Free ohio tax form 1040ez 0 × $1,800 annual payment) 7,200 Total expected return $169,680 No computation of expected return is made based on your husband's age at the date of death because he died before the annuity starting date. Free ohio tax form 1040ez Computation Under the General Rule Note. Free ohio tax form 1040ez Variable annuities use a different computation for determining the exclusion amounts. Free ohio tax form 1040ez See Variable annuities later. Free ohio tax form 1040ez Under the General Rule, you figure the taxable part of your annuity by using the following steps: Step 1. Free ohio tax form 1040ez   Figure the amount of your investment in the contract, including any adjustments for the refund feature and the death benefit exclusion, if applicable. Free ohio tax form 1040ez See Death benefit exclusion , earlier. Free ohio tax form 1040ez Step 2. Free ohio tax form 1040ez   Figure your expected return. Free ohio tax form 1040ez Step 3. Free ohio tax form 1040ez   Divide Step 1 by Step 2 and round to three decimal places. Free ohio tax form 1040ez This will give you the exclusion percentage. Free ohio tax form 1040ez Step 4. Free ohio tax form 1040ez   Multiply the exclusion percentage by the first regular periodic payment. Free ohio tax form 1040ez The result is the tax-free part of each pension or annuity payment. Free ohio tax form 1040ez   The tax-free part remains the same even if the total payment increases due to variation in the annuity amount such as cost of living increases, or you outlive the life expectancy factor used. Free ohio tax form 1040ez However, if your annuity starting date is after 1986, the total amount of annuity income that is tax free over the years cannot exceed your net cost. Free ohio tax form 1040ez   Each annuitant applies the same exclusion percentage to his or her initial payment called for in the contract. Free ohio tax form 1040ez Step 5. Free ohio tax form 1040ez   Multiply the tax-free part of each payment (step 4) by the number of payments received during the year. Free ohio tax form 1040ez This will give you the tax-free part of the total payment for the year. Free ohio tax form 1040ez    In the first year of your annuity, your first payment or part of your first payment may be for a fraction of the payment period. Free ohio tax form 1040ez This fractional amount is multiplied by your exclusion percentage to get the tax-free part. Free ohio tax form 1040ez Step 6. Free ohio tax form 1040ez   Subtract the tax-free part from the total payment you received. Free ohio tax form 1040ez The rest is the taxable part of your pension or annuity. Free ohio tax form 1040ez Example 1. Free ohio tax form 1040ez You purchased an annuity with an investment in the contract of $10,800. Free ohio tax form 1040ez Under its terms, the annuity will pay you $100 a month for life. Free ohio tax form 1040ez The multiple for your age (age 65) is 20. Free ohio tax form 1040ez 0 as shown in Table V. Free ohio tax form 1040ez Your expected return is $24,000 (20 × 12 × $100). Free ohio tax form 1040ez Your cost of $10,800, divided by your expected return of $24,000, equals 45. Free ohio tax form 1040ez 0%. Free ohio tax form 1040ez This is the percentage you will not have to include in income. Free ohio tax form 1040ez Each year, until your net cost is recovered, $540 (45% of $1,200) will be tax free and you will include $660 ($1,200 − $540) in your income. Free ohio tax form 1040ez If you had received only six payments of $100 ($600) during the year, your exclusion would have been $270 (45% of $100 × 6 payments). Free ohio tax form 1040ez Example 2. Free ohio tax form 1040ez Gerald bought a joint and survivor annuity. Free ohio tax form 1040ez Gerald's investment in the contract is $62,712 and the expected return is $121,200. Free ohio tax form 1040ez The exclusion percentage is 51. Free ohio tax form 1040ez 7% ($62,712 ÷ $121,200). Free ohio tax form 1040ez Gerald will receive $500 a month ($6,000 a year). Free ohio tax form 1040ez Each year, until his net cost is recovered, $3,102 (51. Free ohio tax form 1040ez 7% of his total payments received of $6,000) will be tax free and $2,898 ($6,000 − $3,102) will be included in his income. Free ohio tax form 1040ez If Gerald dies, his wife will receive $350 a month ($4,200 a year). Free ohio tax form 1040ez If Gerald had not recovered all of his net cost before his death, his wife will use the same exclusion percentage (51. Free ohio tax form 1040ez 7%). Free ohio tax form 1040ez Each year, until the entire net cost is recovered, his wife will receive $2,171. Free ohio tax form 1040ez 40 (51. Free ohio tax form 1040ez 7% of her payments received of $4,200) tax free. Free ohio tax form 1040ez She will include $2,028. Free ohio tax form 1040ez 60 ($4,200 − $2,171. Free ohio tax form 1040ez 40) in her income tax return. Free ohio tax form 1040ez Example 3. Free ohio tax form 1040ez Using the same facts as Example 2 under Different payments to survivor, you are to receive an annual annuity of $4,800 until you die or remarry. Free ohio tax form 1040ez Your two daughters each receive annual annuities of $1,800 until they reach age 18. Free ohio tax form 1040ez Your husband contributed $25,576 to the plan. Free ohio tax form 1040ez You are eligible for the $5,000 death benefit exclusion because your husband died before August 21, 1996. Free ohio tax form 1040ez Adjusted Investment in the Contract Contributions $25,576 Plus: Death benefit exclusion 5,000 Adjusted investment in the contract $30,576 The total expected return, as previously figured (in Example 2 under Different payments to survivor), is $169,680. Free ohio tax form 1040ez The exclusion percentage of 18. Free ohio tax form 1040ez 0% ($30,576 ÷ $169,680) applies to the annuity payments you and each of your daughters receive. Free ohio tax form 1040ez Each full year $864 (18. Free ohio tax form 1040ez 0% × $4,800) will be tax free to you, and you must include $3,936 in your income tax return. Free ohio tax form 1040ez Each year, until age 18, $324 (18. Free ohio tax form 1040ez 0% × $1,800) of each of your daughters' payments will be tax free and each must include the balance, $1,476, as income on her own income tax return. Free ohio tax form 1040ez Part-year payments. Free ohio tax form 1040ez   If you receive payments for only part of a year, apply the exclusion percentage to the first regular periodic payment, and multiply the result by the number of payments received during the year. Free ohio tax form 1040ez   If you receive amounts during the year that represent 12 payments, one for each month in that year, and an amount that represents payments for months in a prior year, apply the exclusion percentage to the first regular periodic payment, and multiply the result by the number of payments the amounts received represent. Free ohio tax form 1040ez For instance, if you received amounts during the year that represent the 12 payments for that year plus an amount that represents three payments for a prior year, multiply that amount by the 15 (12 + 3) payments received that the year. Free ohio tax form 1040ez   If you received a fractional payment, follow Step 5, discussed earlier. Free ohio tax form 1040ez This gives you the tax-free part of your total payment. Free ohio tax form 1040ez Example. Free ohio tax form 1040ez On September 28, Mary bought an annuity contract for $22,050 that will give her $125 a month for life, beginning October 30. Free ohio tax form 1040ez The applicable multiple from Table V is 23. Free ohio tax form 1040ez 3 (age 61). Free ohio tax form 1040ez Her expected return is $34,950 ($125 × 12 × 23. Free ohio tax form 1040ez 3). Free ohio tax form 1040ez Mary's investment in the contract of $22,050, divided by her expected return of $34,950, equals 63. Free ohio tax form 1040ez 1%. Free ohio tax form 1040ez Each payment received will consist of 63. Free ohio tax form 1040ez 1% return of cost and 36. Free ohio tax form 1040ez 9% taxable income, until her net cost of the contract is fully recovered. Free ohio tax form 1040ez During the first year, Mary received three payments of $125, or $375, of which $236. Free ohio tax form 1040ez 63 (63. Free ohio tax form 1040ez 1% × $375) is a return of cost. Free ohio tax form 1040ez The remaining $138. Free ohio tax form 1040ez 37 is included in income. Free ohio tax form 1040ez Increase in annuity payments. Free ohio tax form 1040ez   The tax-free amount remains the same as the amount figured at the annuity starting date, even if the payment increases. Free ohio tax form 1040ez All increases in the installment payments are fully taxable. Free ohio tax form 1040ez   However, if your annuity payments are scheduled to increase at a definite date in the future you must figure the expected return for that annuity using the method described in section 1. Free ohio tax form 1040ez 72-5(a)(5) of the regulations. Free ohio tax form 1040ez Example. Free ohio tax form 1040ez Joe's wife died while she was still employed and, as her beneficiary, he began receiving an annuity of $147 per month. Free ohio tax form 1040ez In figuring the taxable part, Joe elects to use Tables V through VIII. Free ohio tax form 1040ez The cost of the contract was $7,938, consisting of the sum of his wife's net contributions, adjusted for any refund feature. Free ohio tax form 1040ez His expected return as of the annuity starting date is $35,280 (age 65, multiple of 20. Free ohio tax form 1040ez 0 × $1,764 annual payment). Free ohio tax form 1040ez The exclusion percentage is $7,938 ÷ $35,280, or 22. Free ohio tax form 1040ez 5%. Free ohio tax form 1040ez During the year he received 11 monthly payments of $147, or $1,617. Free ohio tax form 1040ez Of this amount, 22. Free ohio tax form 1040ez 5% × $147 × 11 ($363. Free ohio tax form 1040ez 83) is tax free as a return of cost and the balance of $1,253. Free ohio tax form 1040ez 17 is taxable. Free ohio tax form 1040ez Later, because of a cost-of-living increase, his annuity payment was increased to $166 per month, or $1,992 a year (12 × $166). Free ohio tax form 1040ez The tax-free part is still only 22. Free ohio tax form 1040ez 5% of the annuity payments as of the annuity starting date (22. Free ohio tax form 1040ez 5% × $147 × 12 = $396. Free ohio tax form 1040ez 90 for a full year). Free ohio tax form 1040ez The increase of $228 ($1,992 − $1,764 (12 × $147)) is fully taxable. Free ohio tax form 1040ez Variable annuities. Free ohio tax form 1040ez   For variable annuity payments, figure the amount of each payment that is tax free by dividing your investment in the contract (adjusted for any refund feature) by the total number of periodic payments you expect to get under the contract. Free ohio tax form 1040ez   If the annuity is for a definite period, you determine the total number of payments by multiplying the number of payments to be made each year by the number of years you will receive payments. Free ohio tax form 1040ez If the annuity is for life, you determine the total number of payments by using a multiple from the appropriate actuarial table. Free ohio tax form 1040ez Example. Free ohio tax form 1040ez Frank purchased a variable annuity at age 65. Free ohio tax form 1040ez The total cost of the contract was $12,000. Free ohio tax form 1040ez The annuity starting date is January 1 of the year of purchase. Free ohio tax form 1040ez His annuity will be paid, starting July 1, in variable annual installments for his life. Free ohio tax form 1040ez The tax-free amount of each payment, until he has recovered his cost of his contract, is: Investment in the contract $12,000 Number of expected annual payments (multiple for age 65 from Table V) 20 Tax-free amount of each payment ($12,000 ÷ 20) $600 If Frank's first payment is $920, he includes only $320 ($920 − $600) in his gross income. Free ohio tax form 1040ez   If the tax-free amount for a year is more than the payments you receive in that year, you may choose, when you receive the next payment, to refigure the tax-free part. Free ohio tax form 1040ez Divide the amount of the periodic tax-free part that is more than the payment you received by the remaining number of payments you expect. Free ohio tax form 1040ez The result is added to the previously figured periodic tax-free part. Free ohio tax form 1040ez The sum is the amount of each future payment that will be tax free. Free ohio tax form 1040ez Example. Free ohio tax form 1040ez Using the facts of the previous example about Frank, assume that after Frank's $920 payment, he received $500 in the following year, and $1,200 in the year after that. Free ohio tax form 1040ez Frank does not pay tax on the $500 (second year) payment because $600 of each annual pension payment is tax free. Free ohio tax form 1040ez Since the $500 payment is less than the $600 annual tax-free amount, he may choose to refigure his tax-free part when he receives his $1,200 (third year) payment, as follows: Amount tax free in second year $600. Free ohio tax form 1040ez 00 Amount received in second year 500. Free ohio tax form 1040ez 00 Difference $100. Free ohio tax form 1040ez 00 Number of remaining payments after the first 2 payments (age 67, from Table V) 18. Free ohio tax form 1040ez 4 Amount to be added to previously determined annual tax-free part ($100 ÷ 18. Free ohio tax form 1040ez 4) $5. Free ohio tax form 1040ez 43 Revised annual tax-free part for third and later years ($600 + $5. Free ohio tax form 1040ez 43) $605. Free ohio tax form 1040ez 43 Amount taxable in third year ($1,200 − $605. Free ohio tax form 1040ez 43) $594. Free ohio tax form 1040ez 57 If you choose to refigure your tax-free amount,   you must file a statement with your income tax return stating that you are refiguring the tax-free amount in accordance with the rules of section 1. Free ohio tax form 1040ez 72–4(d)(3) of the Income Tax Regulations. Free ohio tax form 1040ez The statement must also show the following information: The annuity starting date and your age on that date. Free ohio tax form 1040ez The first day of the first period for which you received an annuity payment in the current year. Free ohio tax form 1040ez Your investment in the contract as originally figured. Free ohio tax form 1040ez The total of all amounts received tax free under the annuity from the annuity starting date through the first day of the first period for which you received an annuity payment in the current tax year. Free ohio tax form 1040ez Exclusion Limits Your annuity starting date determines the total amount of annuity income that you can exclude from income over the years. Free ohio tax form 1040ez Exclusion limited to net cost. Free ohio tax form 1040ez   If your annuity starting date is after 1986, the total amount of annuity income that you can exclude over the years as a return of your cost cannot exceed your net cost (figured without any reduction for a refund feature). Free ohio tax form 1040ez This is the unrecovered investment in the contract as of the annuity starting date. Free ohio tax form 1040ez   If your annuity starting date is after July 1, 1986, any unrecovered net cost at your (or last annuitant's) death is allowed as a miscellaneous itemized deduction on the final return of the decedent. Free ohio tax form 1040ez This deduction is not subject to the 2%-of-adjusted-gross-income limit. Free ohio tax form 1040ez Example 1. Free ohio tax form 1040ez Your annuity starting date is after 1986. Free ohio tax form 1040ez Your total cost is $12,500, and your net cost is $10,000, taking into account certain adjustments. Free ohio tax form 1040ez There is no refund feature. Free ohio tax form 1040ez Your monthly annuity payment is $833. Free ohio tax form 1040ez 33. Free ohio tax form 1040ez Your exclusion ratio is 12% and you exclude $100 a month. Free ohio tax form 1040ez Your exclusion ends after 100 months, when you have excluded your net cost of $10,000. Free ohio tax form 1040ez Thereafter, your annuity payments are fully taxable. Free ohio tax form 1040ez Example 2. Free ohio tax form 1040ez The facts are the same as in Example 1, except that there is a refund feature, and you die after 5 years with no surviving annuitant. Free ohio tax form 1040ez The adjustment for the refund feature is $1,000, so the investment in the contract is $9,000. Free ohio tax form 1040ez The exclusion ratio is 10. Free ohio tax form 1040ez 8%, and your monthly exclusion is $90. Free ohio tax form 1040ez After 5 years (60 months), you have recovered tax free only $5,400 ($90 x 60). Free ohio tax form 1040ez An itemized deduction for the unrecovered net cost of $4,600 ($10,000 net cost minus $5,400) may be taken on your final income tax return. Free ohio tax form 1040ez Your unrecovered investment is determined without regard to the refund feature adjustment, discussed earlier, under Adjustments. Free ohio tax form 1040ez Exclusion not limited to net cost. Free ohio tax form 1040ez   If your annuity starting date was before 1987, you could continue to take your monthly exclusion for as long as you receive your annuity. Free ohio tax form 1040ez If you choose a joint and survivor annuity, your survivor continues to take the survivor's exclusion figured as of the annuity starting date. Free ohio tax form 1040ez The total exclusion may be more than your investment in the contract. Free ohio tax form 1040ez How To Use Actuarial Tables In figuring, under the General Rule, the taxable part of your annuity payments that you are to get for the rest of your life (rather than for a fixed number of years), you must use one or more of the actuarial tables in this publication. Free ohio tax form 1040ez Unisex Annuity Tables Effective July 1, 1986, the Internal Revenue Service adopted new annuity Tables V through VIII, in which your sex is not considered when determining the applicable factor. Free ohio tax form 1040ez These tables correspond to the old Tables I through IV. Free ohio tax form 1040ez In general, Tables V through VIII must be used if you made contributions to the retirement plan after June 30, 1986. Free ohio tax form 1040ez If you made no contributions to the plan after June 30, 1986, generally you must use only Tables I through IV. Free ohio tax form 1040ez However, if you received an annuity payment after June 30, 1986, you may elect to use Tables V through VIII (see Annuity received after June 30, 1986, later). Free ohio tax form 1040ez Special Elections Although you generally must use Tables V through VIII if you made contributions to the retirement plan after June 30, 1986, and Tables I through IV if you made no contributions after June 30, 1986, you can make the following special elections to select which tables to use. Free ohio tax form 1040ez Contributions made both before July 1986 and after June 1986. Free ohio tax form 1040ez   If you made contributions to the retirement plan both before July 1986 and after June 1986, you may elect to use Tables I through IV for the pre-July 1986 cost of the contract, and Tables V through VIII for the post-June 1986 cost. Free ohio tax form 1040ez (See the examples below. Free ohio tax form 1040ez )    Making the election. Free ohio tax form 1040ez Attach this statement to your income tax return for the first year in which you receive an annuity:    “I elect to apply the provisions of paragraph (d) of section 1. Free ohio tax form 1040ez 72–6 of the Income Tax Regulations. Free ohio tax form 1040ez ”   The statement must also include your name, address, social security number, and the amount of the pre-July 1986 investment in the contract. Free ohio tax form 1040ez   If your investment in the contract includes post-June 1986 contributions to the plan, and you do not make the election to use Tables I through IV and Tables V through VIII, then you can only use Tables V through VIII in figuring the taxable part of your annuity. Free ohio tax form 1040ez You must also use Tables V through VIII if you are unable or do not wish to determine the portions of your contributions which were made before July 1, 1986, and after June 30, 1986. Free ohio tax form 1040ez    Advantages of election. Free ohio tax form 1040ez In general, a lesser amount of each annual annuity payment is taxable if you separately figure your exclusion ratio for pre-July 1986 and post-June 1986 contributions. Free ohio tax form 1040ez    If you intend to make this election, save your records that substantiate your pre-July 1986 and post-June 1986 contributions. Free ohio tax form 1040ez If the death benefit exclusion applies (see discussion, earlier), you do not have to apportion it between the pre-July 1986 and the post-June 1986 investment in the contract. Free ohio tax form 1040ez   The following examples illustrate the separate computations required if you elect to use Tables I through IV for your pre-July 1986 investment in the contract and Tables V through VIII for your post-June 1986 investment in the contract. Free ohio tax form 1040ez Example 1. Free ohio tax form 1040ez Bill, who is single, contributed $42,000 to the retirement plan and will receive an annual annuity of $24,000 for life. Free ohio tax form 1040ez Payment of the $42,000 contribution is guaranteed under a refund feature. Free ohio tax form 1040ez Bill is 55 years old as of the annuity starting date. Free ohio tax form 1040ez For figuring the taxable part of Bill's annuity, he chose to make separate computations for his pre-July 1986 investment in the contract of $41,300, and for his post-June 1986 investment in the contract of $700. Free ohio tax form 1040ez       Pre- July 1986   Post- June 1986 A. Free ohio tax form 1040ez Adjustment for refund feature         1) Net cost $41,300   $700   2) Annual annuity—$24,000  ($41,300/$42,000 × $24,000) $23,600       ($700/$42,000 × $24,000)     $400   3) Guarantee under contract $41,300   $700   4) No. Free ohio tax form 1040ez of years payments  guaranteed (rounded), A(3) ÷ A(2) 2   2   5) Applicable percentage from  Tables III and VII 1%   0%   6) Adjustment for value of refund  feature, A(5) × smaller of A(1)  or A(3) $413   $0 B. Free ohio tax form 1040ez Investment in the contract         1) Net cost $41,300   $700   2) Minus: Amount in A(6) 413   0   3) Investment in the contract $40,887   $700 C. Free ohio tax form 1040ez Expected return         1) Annual annuity receivable $24,000   $24,000   2) Multiples from Tables I and V 21. Free ohio tax form 1040ez 7   28. Free ohio tax form 1040ez 6   3) Expected return, C(1) × C(2) $520,800   $686,400 D. Free ohio tax form 1040ez Tax-free part of annuity         1) Exclusion ratio as decimal,  B(3) ÷ C(3) . Free ohio tax form 1040ez 079   . Free ohio tax form 1040ez 001   2) Tax-free part, C(1) × D(1) $1,896   $24 The tax-free part of Bill's total annuity is $1,920 ($1,896 plus $24). Free ohio tax form 1040ez The taxable part of his annuity is $22,080 ($24,000 minus $1,920). Free ohio tax form 1040ez If the annuity starting date is after 1986, the exclusion over the years cannot exceed the net cost (figured without any reduction for a refund feature). Free ohio tax form 1040ez Example 2. Free ohio tax form 1040ez Al is age 62 at his nearest birthday to the annuity starting date. Free ohio tax form 1040ez Al's wife is age 60 at her nearest birthday to the annuity starting date. Free ohio tax form 1040ez The joint and survivor annuity pays $1,000 per month to Al for life, and $500 per month to Al's surviving wife after his death. Free ohio tax form 1040ez The pre-July 1986 investment in the contract is $53,100 and the post-June 1986 investment in the contract is $7,000. Free ohio tax form 1040ez Al makes the election described in Example 1 . Free ohio tax form 1040ez For purposes of this example, assume the refund feature adjustment is zero. Free ohio tax form 1040ez If an adjustment is required, IRS will figure the amount. Free ohio tax form 1040ez See Requesting a Ruling on Taxation of Annuity near the end of this publication. Free ohio tax form 1040ez       Pre-  July 1986   Post-  June 1986 A. Free ohio tax form 1040ez Adjustment for refund feature         1) Net cost $53,100   $7,000   2) Annual annuity—$12,000  ($53,100/$60,100 × $12,000) $10,602       ($7,000/$60,100 × $12,000)     $1,398   3) Guaranteed under the contract $53,100   $7,000   4) Number of years guaranteed,  rounded, A(3) ÷ A(2) 5   5   5) Applicable percentages 0%   0%   6) Refund feature adjustment, A(5) × smaller of A(1) or A(3) 0   0 B. Free ohio tax form 1040ez Investment in the contract         1) Net cost $53,100   $7,000   2) Refund feature adjustment 0   0   3) Investment in the contract adjusted for refund feature $53,100   $7,000 C. Free ohio tax form 1040ez Expected return         1) Multiple for both annuitants from Tables II and VI 25. Free ohio tax form 1040ez 4   28. Free ohio tax form 1040ez 8   2) Multiple for first annuitant from Tables I and V 16. Free ohio tax form 1040ez 9   22. Free ohio tax form 1040ez 5   3) Multiple applicable to surviving annuitant, subtract C(2) from C(1) 8. Free ohio tax form 1040ez 5   6. Free ohio tax form 1040ez 3   4) Annual annuity to surviving annuitant $6,000   $6,000   5) Portion of expected return for surviving annuitant, C(4) × C(3) $51,000   $37,800   6) Annual annuity to first annuitant $12,000   $12,000   7) Plus: Portion of expected return for first annuitant, C(6) × C(2) $202,800   $270,000   8) Expected return for both annuitants, C(5) + C(7) $253,800   $307,800 D. Free ohio tax form 1040ez Tax-free part of annuity         1) Exclusion ratio as a decimal, B(3) ÷ C(8) . Free ohio tax form 1040ez 209   . Free ohio tax form 1040ez 023   2) Retiree's tax-free part of annuity, C(6) × D(1) $2,508   $276   3) Survivor's tax-free part of annuity, C(4) × D(1) $1,254   $138 The tax-free part of Al's total annuity is $2,784 ($2,508 + $276). Free ohio tax form 1040ez The taxable part of his annuity is $9,216 ($12,000 − $2,784). Free ohio tax form 1040ez The exclusion over the years cannot exceed the net cost of the contract (figured without any reduction for a refund feature) if the annuity starting date is after 1986. Free ohio tax form 1040ez After Al's death, his widow will apply the same exclusion percentages (20. Free ohio tax form 1040ez 9% and 2. Free ohio tax form 1040ez 3%) to her annual annuity of $6,000 to figure the tax-free part of her annuity. Free ohio tax form 1040ez Annuity received after June 30, 1986. Free ohio tax form 1040ez   If you receive an annuity payment after June 30, 1986, (regardless of your annuity starting date), you may elect to treat the entire cost of the contract as post-June 1986 cost (even if you made no post-June 1986 contributions to the plan) and use Tables V through VIII. Free ohio tax form 1040ez Once made, you cannot revoke the election, which will apply to all payments during the year and in any later year. Free ohio tax form 1040ez    Make the election by attaching the following statement to your income tax return. Free ohio tax form 1040ez    “I elect, under section 1. Free ohio tax form 1040ez 72–9 of the Income Tax Regulations, to treat my entire cost of the contract as a post-June 1986 cost of the plan. Free ohio tax form 1040ez ”   The statement must also include your name, address, and social security number. Free ohio tax form 1040ez   You should also indicate you are making this election if you are unable or do not wish to determine the parts of your contributions which were made before July 1, 1986, and after June 30, 1986. Free ohio tax form 1040ez Disqualifying form of payment or settlement. Free ohio tax form 1040ez   If your annuity starting date is after June 30, 1986, and the contract provides for a disqualifying form of payment or settlement, such as an option to receive a lump sum in full discharge of the obligation under the contract, the entire investment in the contract is treated as post-June 1986 investment in the contract. Free ohio tax form 1040ez See regulations section 1. Free ohio tax form 1040ez 72–6(d)(3) for additional examples of disqualifying forms of payment or settlement. Free ohio tax form 1040ez You can find the Income Tax Regulations in many libraries and at Internal Revenue Service Offices. Free ohio tax form 1040ez Worksheets for Determining Taxable Annuity Worksheets I and II. Free ohio tax form 1040ez   Worksheets I and II follow for determining your taxable annuity under Regulations Section 1. Free ohio tax form 1040ez 72–6(d)(6) Election. Free ohio tax form 1040ez Worksheet I For Determining Taxable Annuity Under Regulations Section 1. Free ohio tax form 1040ez 72-6(d)(6) Election For Single Annuitant With No Survivor Annuity               Pre-July 1986   Post-June 1986 A. Free ohio tax form 1040ez   Refund Feature Adjustment             1)   Net cost (total cost less returned premiums, dividends, etc. Free ohio tax form 1040ez )             2)   Annual annuity allocation:                   Portion of net cost in A(1) x annual annuity                   Net cost             3)   Guaranteed under the contract             4)   Number of years guaranteed, rounded to whole years:                   A(3) divided by A(2)             5)   Applicable percentages* from Tables III and VII                   *If your annuity meets the three conditions listed in Zero value of refund feature in Investment in the Contract, earlier, both percentages are 0. Free ohio tax form 1040ez If not, the IRS will calculate the refund feature percentage. Free ohio tax form 1040ez             6)   Refund feature adjustment:                   A(5) times lesser of A(1) or A(3)                             B. Free ohio tax form 1040ez   Investment in the Contract             1)   Net cost:                   A(1)             2)   Refund feature adjustment:                   A(6)             3)   Investment in the contract adjusted for refund feature:                   B(1) minus B(2)                             C. Free ohio tax form 1040ez   Expected Return             1)   Annual Annuity:                   12 times monthly annuity**             2)   Expected return multiples from Tables I and V             3)     Expected return:                   C(1) times C(2)                             D. Free ohio tax form 1040ez   Tax-Free Part of Annuity             1)     Exclusion ratio, as a decimal rounded to 3 places:                   B(3) divided by C(3)             2)     Tax-free part of annuity:                   C(1) times D(1)             **If the annuity is not paid monthly, figure the amount to enter by using the total number of periodic payments for the year times the amount of the periodic payment. Free ohio tax form 1040ez     Worksheet II For Determining Taxable Annuity Under Regulations Section 1. Free ohio tax form 1040ez 72-6(d)(6) Election For Joint and Survivor Annuity               Pre-July 1986   Post-June 1986 A. Free ohio tax form 1040ez   Refund Feature Adjustment             1)   Net cost (total cost less returned premiums, dividends, etc. Free ohio tax form 1040ez )             2)   Annual annuity allocation:                   Portion of net cost in A(1) x annual annuity                   Net cost             3)   Guaranteed under the contract             4)     Number of years guaranteed, rounded to whole years:                   A(3) divided by A(2)             5)   Applicable percentages*                   *If your annuity meets the three conditions listed in Zero value of refund feature in Investment in the Contract, earlier, both percentages are 0. Free ohio tax form 1040ez If not, the IRS will calculate the refund feature percentage. Free ohio tax form 1040ez             6)   Refund feature adjustment:                   A(5) times lesser of A(1) or A(3)                             B. Free ohio tax form 1040ez   Investment in the Contract             1)   Net cost:                   A(1)             2)   Refund feature adjustment:                   A(6)             3)   Investment in the contract adjusted for refund future:                   B(1) minus B(2)                             C. Free ohio tax form 1040ez   Expected Return             1)   Multiples for both annuitants, Tables II and VI             2)   Multiple for retiree. Free ohio tax form 1040ez Tables I and VI             3)   Multiple for survivor:                   C(1) minus C(2)             4)   Annual annuity to survivor:                   12 times potential monthly rate for survivor**             5)   Expected return for survivor:                   C(3) times C(4)             6)   Annual annuity to retiree:                   12 times monthly rate for retiree**             7)   Expected return for retiree:                   C(2) times C(6)             8)   Total expected return:                   C(5) plus C(7)                             D. Free ohio tax form 1040ez   Tax-Free Part of Annuity             1)   Exclusion ratio, as a decimal rounded to 3 places:                   B(3) divided by C(8)             2)   Retiree's tax-free part of annuity:                   C(6) times D(1)             3)   Survivor's tax-free part of annuity, if surviving after death of retiree:                   C(4) times D(1)             **If the annuity is not paid monthly, figure the amount to enter by using the total number of periodic payments for the year times the amount of the periodic payment. Free ohio tax form 1040ez   Actuarial Tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial Tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial Tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Please click here for the text description of the image. Free ohio tax form 1040ez Actuarial tables Requesting a Ruling on Taxation of Annuity If you are a retiree, or the survivor of an employee or retiree, you may ask the Internal Revenue Service to help you determine the taxation of your annuity. Free ohio tax form 1040ez If you make this request, you are asking for a ruling. Free ohio tax form 1040ez User fee. Free ohio tax form 1040ez   Under the law in effect at the time this publication went to print, the IRS must charge a user fee for all ruling requests. Free ohio tax form 1040ez You should call the IRS for the proper fee. Free ohio tax form 1040ez A request solely for the value of the refund feature is not treated as a ruling request and requires no fee. Free ohio tax form 1040ez Send your request to:     Internal Revenue Service  Attention: EP Letter Rulings P. Free ohio tax form 1040ez O. Free ohio tax form 1040ez Box 27063 McPherson Station Washington, DC 20038 The user fee is allowed as a miscellaneous itemized deduction, subject to the 2%-of-adjusted-gross-income limit. Free ohio tax form 1040ez When to make the request. Free ohio tax form 1040ez   Please note that requests sent between February 1 and April 15 may experience some delay. Free ohio tax form 1040ez We process requests in the order received, and we will reply to your request as soon as we can process it. Free ohio tax form 1040ez If you do not receive your ruling by the required filing date, you may use Form 4868, Application for Automatic Extension of Time To File U. Free ohio tax form 1040ez S. Free ohio tax form 1040ez Individual Income Tax Return, to get an extension of time to file. Free ohio tax form 1040ez Information you must furnish. Free ohio tax form 1040ez   You must furnish the information listed below so the IRS can comply with your request. Free ohio tax form 1040ez Failure to furnish the information will result in a delay in processing your request. Free ohio tax form 1040ez Please send only copies of the following documents, as the IRS retains all material sent for its records: A letter explaining the question(s) you wish to have resolved or the information you need from the ruling. Free ohio tax form 1040ez Copies of any documents showing distributions, annuity rates, and annuity options available to you. Free ohio tax form 1040ez A copy of any Form 1099–R you received since your annuity began. Free ohio tax form 1040ez A statement indicating whether you have filed your return for the year for which you are making the request. Free ohio tax form 1040ez If you have requested an extension of time to file that return, please indicate the extension date. Free ohio tax form 1040ez Your daytime phone number. Free ohio tax form 1040ez Your current mailing address. Free ohio tax form 1040ez A power of attorney if someone other than you, an attorney, a certified public accountant, or an enrolled agent is signing this request. Free ohio tax form 1040ez Form 2848, Power of Attorney and Declaration of Representative, may be used for this purpose. Free ohio tax form 1040ez A completed Tax Information Sheet (or facsimile) shown on the next page. Free ohio tax form 1040ez Sign and date the Disclosure and Perjury Statement (or facsimile) at the end of the tax information sheet. Free ohio tax form 1040ez This statement must be signed by the retiree or the survivor annuitant. Free ohio tax form 1040ez It cannot be signed by a representative. Free ohio tax form 1040ez Tax Information Sheet Please click here for the text description of the image. Free ohio tax form 1040ez Tax Information Sheet Please click here for the text description of the image. Free ohio tax form 1040ez Tax Information Sheet (continued) How To Get Tax Help Whether it's help with a tax issue, preparing your tax return or a need for a free publication or form, get the help you need the way you want it: online, use a smart phone, call or walk in to an IRS office or volunteer site near you. Free ohio tax form 1040ez Free help with your tax return. Free ohio tax form 1040ez   You can get free help preparing your return nationwide from IRS-certified volunteers. Free ohio tax form 1040ez The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. Free ohio tax form 1040ez The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. Free ohio tax form 1040ez Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. Free ohio tax form 1040ez In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. Free ohio tax form 1040ez To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS. Free ohio tax form 1040ez gov, download the IRS2Go app, or call 1-800-906-9887. Free ohio tax form 1040ez   As part of the TCE program, AARP offers the Tax-Aide counseling program. Free ohio tax form 1040ez To find the nearest AARP Tax-Aide site, visit AARP's website at www. Free ohio tax form 1040ez aarp. Free ohio tax form 1040ez org/money/taxaide or call 1-888-227-7669. Free ohio tax form 1040ez For more information on these programs, go to IRS. Free ohio tax form 1040ez gov and enter “VITA” in the search box. Free ohio tax form 1040ez Internet. Free ohio tax form 1040ez    IRS. Free ohio tax form 1040ez gov and IRS2Go are ready when you are —24 hours a day, 7 days a week. Free ohio tax form 1040ez Download the free IRS2Go app from the iTunes app store or from Google Play. Free ohio tax form 1040ez Use it to check your refund status, order transcripts of your tax returns or tax account, watch the IRS YouTube channel, get IRS news as soon as it's released to the public, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. Free ohio tax form 1040ez Check the status of your 2013 refund with the Where's My Refund? application on IRS. Free ohio tax form 1040ez gov or download the IRS2Go app and select the Refund Status option. Free ohio tax form 1040ez The IRS issues more than 9 out of 10 refunds in less than 21 days. Free ohio tax form 1040ez Using these applications, you can start checking on the status of your return within 24 hours after we receive your e-filed return or 4 weeks after you mail a paper return. Free ohio tax form 1040ez You will also be given a personalized refund date as soon as the IRS processes your tax return and approves your refund. Free ohio tax form 1040ez The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. Free ohio tax form 1040ez Use the Interactive Tax Assistant (ITA) to research your tax questions. Free ohio tax form 1040ez No need to wait on the phone or stand in line. Free ohio tax form 1040ez The ITA is available 24 hours a day, 7 days a week, and provides you with a variety of tax information related to general filing topics, deductions, credits, and income. Free ohio tax form 1040ez When you reach the response screen, you can print the entire interview and the final response for your records. Free ohio tax form 1040ez New subject areas are added on a regular basis. Free ohio tax form 1040ez  Answers not provided through ITA may be found in Tax Trails, one of the Tax Topics on IRS. Free ohio tax form 1040ez gov which contain general individual and business tax information or by searching the IRS Tax Map, which includes an international subject index. Free ohio tax form 1040ez You can use the IRS Tax Map, to search publications and instructions by topic or keyword. Free ohio tax form 1040ez The IRS Tax Map integrates forms and publications into one research tool and provides single-point access to tax law information by subject. Free ohio tax form 1040ez When the user searches the IRS Tax Map, they will be provided with links to related content in existing IRS publications, forms and instructions, questions and answers, and Tax Topics. Free ohio tax form 1040ez Coming this filing season, you can immediately view and print for free all 5 types of individual federal tax transcripts (tax returns, tax account, record of account, wage and income statement, and certification of non-filing) using Get Transcript. Free ohio tax form 1040ez You can also ask the IRS to mail a return or an account transcript to you. Free ohio tax form 1040ez Only the mail option is available by choosing the Tax Records option on the IRS2Go app by selecting Mail Transcript on IRS. Free ohio tax form 1040ez gov or by calling 1-800-908-9946. Free ohio tax form 1040ez Tax return and tax account transcripts are generally available for the current year and the past three years. Free ohio tax form 1040ez Determine if you are eligible for the EITC and estimate the amount of the credit with the Earned Income Tax Credit (EITC) Assistant. Free ohio tax form 1040ez Visit Understanding Your IRS Notice or Letter to get answers to questions about a notice or letter you received from the IRS. Free ohio tax form 1040ez If you received the First Time Homebuyer Credit, you can use the First Time Homebuyer Credit Account Look-up tool for information on your repayments and account balance. Free ohio tax form 1040ez Check the status of your amended return using Where's My Amended Return? Go to IRS. Free ohio tax form 1040ez gov and enter Where's My Amended Return? in the search box. Free ohio tax form 1040ez You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. Free ohio tax form 1040ez It can take up to 3 weeks from the date you mailed it to show up in our system. Free ohio tax form 1040ez Make a payment using one of several safe and convenient electronic payment options available on IRS. Free ohio tax form 1040ez gov. Free ohio tax form 1040ez Select the Payment tab on the front page of IRS. Free ohio tax form 1040ez gov for more information. Free ohio tax form 1040ez Determine if you are eligible and apply for an online payment agreement, if you owe more tax than you can pay today. Free ohio tax form 1040ez Figure your income tax withholding with the IRS Withholding Calculator on IRS. Free ohio tax form 1040ez gov. Free ohio tax form 1040ez Use it if you've had too much or too little withheld, your personal situation has changed, you're starting a new job or you just want to see if you're having the right amount withheld. Free ohio tax form 1040ez Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. Free ohio tax form 1040ez gov. Free ohio tax form 1040ez Request an Electronic Filing PIN by going to IRS. Free ohio tax form 1040ez gov and entering Electronic Filing PIN in the search box. Free ohio tax form 1040ez Download forms, instructions and publications, including accessible versions for people with disabilities. Free ohio tax form 1040ez Locate the nearest Taxpayer Assistance Center (TAC) using the Office Locator tool on IRS. Free ohio tax form 1040ez gov, or choose the Contact Us option on the IRS2Go app and search Local Offices. Free ohio tax form 1040ez An employee can answer questions about your tax account or help you set up a payment plan. Free ohio tax form 1040ez Before you visit, check the Office Locator on IRS. Free ohio tax form 1040ez gov, or Local Offices under Contact Us on IRS2Go to confirm the address, phone number, days and hours of operation, and the services provided. Free ohio tax form 1040ez If you have a special need, such as a disability, you can request an appointment. Free ohio tax form 1040ez Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. Free ohio tax form 1040ez Apply for an Employer Identification Number (EIN). Free ohio tax form 1040ez Go to IRS. Free ohio tax form 1040ez gov and enter Apply for an EIN in the search box. Free ohio tax form 1040ez Read the Internal Revenue Code, regulations, or other official guidance. Free ohio tax form 1040ez Read Internal Revenue Bulletins. Free ohio tax form 1040ez Sign up to receive local and national tax news and more by email. Free ohio tax form 1040ez Just click on “subscriptions” above the search box on IRS. Free ohio tax form 1040ez gov and choose from a variety of options. Free ohio tax form 1040ez    Phone. Free ohio tax form 1040ez You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. Free ohio tax form 1040ez Download the free IRS2Go app from the iTunes app store or from Google Play. Free ohio tax form 1040ez Call to locate the nearest volunteer help site, 1-800-906-9887 or you can use the VITA Locator Tool on IRS. Free ohio tax form 1040ez gov, or download the IRS2Go app. Free ohio tax form 1040ez Low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. Free ohio tax form 1040ez The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. Free ohio tax form 1040ez Mos