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Free prior year tax software 1. Free prior year tax software   403(b) Plan Basics Table of Contents What Is a 403(b) Plan? What Are the Benefits of Contributing to a 403(b) Plan?Excluded. Free prior year tax software Deducted. Free prior year tax software Who Can Participate in a 403(b) Plan?Ministers. Free prior year tax software Who Can Set Up a 403(b) Account? How Can Contributions Be Made to My 403(b) Account? Do I Report Contributions on My Tax Return? How Much Can Be Contributed to My 403(b) Account? This chapter introduces you to 403(b) plans and accounts. Free prior year tax software Specifically, the chapter answers the following questions. Free prior year tax software What is a 403(b) plan? What are the benefits of contributing to a 403(b) plan? Who can participate in a 403(b) plan? Who can set up a 403(b) account? How can contributions be made to my 403(b) account? Do I report contributions on my tax return? How much can be contributed to my 403(b) account? What Is a 403(b) Plan? A 403(b) plan, also known as a tax-sheltered annuity (TSA) plan, is a retirement plan for certain employees of public schools, employees of certain tax-exempt organizations, and certain ministers. Free prior year tax software Individual accounts in a 403(b) plan can be any of the following types. Free prior year tax software An annuity contract, which is a contract provided through an insurance company, A custodial account, which is an account invested in mutual funds, or A retirement income account set up for church employees. Free prior year tax software Generally, retirement income accounts can invest in either annuities or mutual funds. Free prior year tax software We use the term “403(b) account” to refer to any one of these funding arrangements throughout this publication, unless otherwise specified. Free prior year tax software What Are the Benefits of Contributing to a 403(b) Plan?  There are three benefits to contributing to a 403(b) plan. Free prior year tax software The first benefit is that you do not pay income tax on allowable contributions until you begin making withdrawals from the plan, usually after you retire. Free prior year tax software Allowable contributions to a 403(b) plan are either excluded or deducted from your income. Free prior year tax software However, if your contributions are made to a Roth contribution program, this benefit does not apply. Free prior year tax software Instead, you pay income tax on the contributions to the plan but distributions from the plan (if certain requirements are met) are tax free. Free prior year tax software Note. Free prior year tax software Generally, employees must pay social security and Medicare tax on their contributions to a 403(b) plan, including those made under a salary reduction agreement. Free prior year tax software See chapter 4, Limit on Elective Deferrals , for more information. Free prior year tax software The second benefit is that earnings and gains on amounts in your 403(b) account are not taxed until you withdraw them. Free prior year tax software Earnings and gains on amounts in a Roth contribution program are not taxed if your withdrawals are qualified distributions. Free prior year tax software Otherwise, they are taxed when you withdraw them. Free prior year tax software The third benefit is that you may be eligible to take a credit for elective deferrals contributed to your 403(b) account. Free prior year tax software See chapter 10, Retirement Savings Contributions Credit (Saver's Credit) . Free prior year tax software Excluded. Free prior year tax software   If an amount is excluded from your income, it is not included in your total wages on your Form W-2. Free prior year tax software This means that you do not report the excluded amount on your tax return. Free prior year tax software Deducted. Free prior year tax software   If an amount is deducted from your income, it is included with your other wages on your Form W-2. Free prior year tax software You report this amount on your tax return, but you are allowed to subtract it when figuring the amount of income on which you must pay tax. Free prior year tax software Who Can Participate in a 403(b) Plan? Any eligible employee can participate in a 403(b) plan. Free prior year tax software Eligible employees. Free prior year tax software   The following employees are eligible to participate in a 403(b) plan. Free prior year tax software Employees of tax-exempt organizations established under section 501(c)(3). Free prior year tax software These organizations are usually referred to as section 501(c)(3) organizations or simply 501(c)(3) organizations. Free prior year tax software Employees of public school systems who are involved in the day-to-day operations of a school. Free prior year tax software Employees of cooperative hospital service organizations. Free prior year tax software Civilian faculty and staff of the Uniformed Services University of the Health Sciences. Free prior year tax software Employees of public school systems organized by Indian tribal governments. Free prior year tax software Certain ministers (explained next). Free prior year tax software Ministers. Free prior year tax software   The following ministers are eligible employees for whom a 403(b) account can be established. Free prior year tax software Ministers employed by section 501(c)(3) organizations. Free prior year tax software Self-employed ministers. Free prior year tax software A self-employed minister is treated as employed by a tax-exempt organization that is a qualified employer. Free prior year tax software Ministers (chaplains) who meet both of the following requirements. Free prior year tax software They are employed by organizations that are not section 501(c)(3) organizations. Free prior year tax software They function as ministers in their day-to-day professional responsibilities with their employers. Free prior year tax software   Throughout this publication, the term chaplain will be used to mean ministers described in the third category in the list above. Free prior year tax software Example. Free prior year tax software A minister employed as a chaplain by a state-run prison and a chaplain in the United States Armed Forces are eligible employees because their employers are not section 501(c)(3) organizations and they are employed as ministers. Free prior year tax software Who Can Set Up a 403(b) Account? You cannot set up your own 403(b) account. Free prior year tax software Only employers can set up 403(b) accounts. Free prior year tax software A self-employed minister cannot set up a 403(b) account for his or her benefit. Free prior year tax software If you are a self-employed minister, only the organization (denomination) with which you are associated can set up an account for your benefit. Free prior year tax software How Can Contributions Be Made to My 403(b) Account? Generally, only your employer can make contributions to your 403(b) account. Free prior year tax software However, some plans will allow you to make after-tax contributions (defined below). Free prior year tax software The following types of contributions can be made to 403(b) accounts. Free prior year tax software Elective deferrals . Free prior year tax software These are contributions made under a salary reduction agreement. Free prior year tax software This agreement allows your employer to withhold money from your paycheck to be contributed directly into a 403(b) account for your benefit. Free prior year tax software Except for Roth contributions, you do not pay income tax on these contributions until you withdraw them from the account. Free prior year tax software If your contributions are Roth contributions, you pay taxes on your contributions but any qualified distributions from your Roth account are tax free. Free prior year tax software Nonelective contributions . Free prior year tax software These are employer contributions that are not made under a salary reduction agreement. Free prior year tax software Nonelective contributions include matching contributions, discretionary contributions, and mandatory contributions from your employer. Free prior year tax software You do not pay income tax on these contributions until you withdraw them from the account. Free prior year tax software After-tax contributions . Free prior year tax software These are contributions (that are not Roth contributions) you make with funds that you must include in income on your tax return. Free prior year tax software A salary payment on which income tax has been withheld is a source of these contributions. Free prior year tax software If your plan allows you to make after-tax contributions, they are not excluded from income and you cannot deduct them on your tax return. Free prior year tax software A combination of any of the three contribution types listed above. Free prior year tax software Self-employed minister. Free prior year tax software   If you are a self-employed minister, you are considered both an employee and an employer, and you can contribute to a retirement income account for your own benefit. Free prior year tax software Do I Report Contributions on My Tax Return? Generally, you do not report contributions to your 403(b) account (except Roth contributions) on your tax return. Free prior year tax software Your employer will report contributions on your 2013 Form W-2. Free prior year tax software Elective deferrals will be shown in box 12 and the Retirement plan box will be checked in box 13. Free prior year tax software If you are a self-employed minister or chaplain, see the discussions next. Free prior year tax software Self-employed ministers. Free prior year tax software   If you are a self-employed minister, you must report the total contributions as a deduction on your tax return. Free prior year tax software Deduct your contributions on line 28 of the 2013 Form 1040. Free prior year tax software Chaplains. Free prior year tax software   If you are a chaplain and your employer does not exclude contributions made to your 403(b) account from your earned income, you may be able to take a deduction for those contributions on your tax return. Free prior year tax software    However, if your employer has agreed to exclude the contributions from your earned income, you will not be allowed a deduction on your tax return. Free prior year tax software   If you can take a deduction, include your contributions on line 36 of the 2013 Form 1040. Free prior year tax software Enter the amount of your deduction and write “403(b)” on the dotted line next to line 36. Free prior year tax software How Much Can Be Contributed to My 403(b) Account? There are limits on the amount of contributions that can be made to your 403(b) account each year. Free prior year tax software If contributions made to your 403(b) account are more than these contribution limits, penalties may apply. Free prior year tax software Chapters 2 through 6 provide information on how to determine the amount that can be contributed to your 403(b) account. Free prior year tax software Worksheets are provided in Chapter 9 to help you determine the maximum amount that can be contributed to your 403(b) account each year. Free prior year tax software Chapter 7, Excess Contributions , describes how to prevent excess contributions and how to get an excess contribution corrected. Free prior year tax software Prev  Up  Next   Home   More Online Publications
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Free prior year tax software Publication 3402 - Main Content Table of Contents What is a Limited Liability Company? Classification of an LLC LLCs Classified as Partnerships LLCs Classified as Disregarded Entities LLCs Classified as Corporations Subsequent Elections How To Get More InformationInternal Revenue Service Small Business Administration Other Federal Agencies What is a Limited Liability Company? For purposes of this publication, a limited liability company (LLC) is a business entity organized in the United States under state law. Free prior year tax software Unlike a partnership, all of the members of an LLC have limited personal liability for its debts. Free prior year tax software An LLC may be classified for federal income tax purposes as a partnership, corporation, or an entity disregarded as separate from its owner by applying the rules in Regulations section 301. Free prior year tax software 7701-3. Free prior year tax software The information in this publication applies to LLCs in general, and different rules may apply to special situations, including banks, insurance companies, or nonprofit organizations that are LLCs or that own LLCs. Free prior year tax software Check your state's requirements and the federal tax regulations for further information. Free prior year tax software Classification of an LLC Default classification rules. Free prior year tax software   An LLC with at least two members is classified as a partnership for federal income tax purposes. Free prior year tax software An LLC with only one member is treated as an entity disregarded as separate from its owner for income tax purposes (but as a separate entity for purposes of employment tax and certain excise taxes). Free prior year tax software Also, an LLC's federal tax classification can subsequently change under certain default rules discussed later. Free prior year tax software Elected classification. Free prior year tax software   If an LLC does not choose to be classified under the above default classifications, it can elect to be classified as an association taxable as a corporation or as an S corporation. Free prior year tax software After an LLC has determined its federal tax classification, it can later elect to change that classification. Free prior year tax software For details, see Subsequent Elections, later. Free prior year tax software LLCs Classified as Partnerships If an LLC has at least two members and is classified as a partnership, it generally must file Form 1065, U. Free prior year tax software S. Free prior year tax software Return of Partnership Income. Free prior year tax software Generally, an LLC classified as a partnership is subject to the same filing and reporting requirements as partnerships. Free prior year tax software For certain purposes, members of an LLC are treated as limited partners in a limited partnership. Free prior year tax software For example, LLC members are treated as limited partners for purposes of material participation under the passive activity limitation rules (see Temporary Regulation section 1. Free prior year tax software 469-5T(e)). Free prior year tax software See the Instructions for Form 1065 for reporting rules that apply specifically to LLCs. Free prior year tax software Member manager. Free prior year tax software   Only a member manager of an LLC can sign the partnership tax return. Free prior year tax software And only a member manager can represent the LLC as the tax matters partner under the consolidated audit proceedings in sections 6221 through 6234. Free prior year tax software A member manager is any owner of an interest in the LLC who, alone or together with others, has the continuing authority to make the management decisions necessary to conduct the business for which the LLC was formed. Free prior year tax software If there are no elected or designated member managers, each owner is treated as a member manager. Free prior year tax software Change in default classification. Free prior year tax software   If the number of members in an LLC classified as a partnership is reduced to only one member, it becomes an entity disregarded as separate from its owner under Regulations section 301. Free prior year tax software 7701-3(f)(2). Free prior year tax software However, if the LLC has made an election to be classified as a corporation (discussed later) and that elective classification is in effect at the time of the change in membership, the default classification as a disregarded entity will not apply. Free prior year tax software   Other tax consequences of a change in membership, such as recognition of gain or loss, are determined by the transactions through which an interest in the LLC is acquired or disposed of. Free prior year tax software If a partnership that becomes a disregarded entity as a result of a decrease in the number of members makes an election to be classified as a corporation, the applicable deemed transactions discussed under Subsequent Elections, later, apply. Free prior year tax software Example 1. Free prior year tax software Ethel and Francis are members of an LLC classified as a partnership for federal tax purposes. Free prior year tax software Each holds an equal membership interest. Free prior year tax software The LLC does not hold any unrealized receivables or substantially appreciated inventory. Free prior year tax software Ethel sells her entire interest in the LLC to Francis for $10,000. Free prior year tax software After the sale, the business is continued by the LLC, which is owned solely by Francis. Free prior year tax software No entity classification election is made after the sale to treat the LLC as a corporation for federal tax purposes. Free prior year tax software The partnership terminates when Francis buys Ethel's entire interest. Free prior year tax software Ethel must treat the transaction as the sale of a partnership interest and must report gain or loss, if any, resulting from the sale of her partnership interest. Free prior year tax software For purposes of determining the tax treatment of Francis, the partnership is deemed to make a liquidating distribution of all of its assets to Ethel and Francis, and after this distribution, Francis is treated as acquiring the assets deemed to have been distributed to Ethel in liquidation of Ethel's partnership interest. Free prior year tax software Francis's basis in the assets attributable to Ethel's one-half interest in the partnership is $10,000, the purchase price for Ethel's partnership interest. Free prior year tax software Upon the termination of the partnership, Francis is considered to receive a distribution of those assets attributable to Francis's former interest in the partnership. Free prior year tax software Francis must recognize gain or loss, if any, on the deemed distribution of the assets to the extent required by Internal Revenue Code section 731(a). Free prior year tax software See Partnership Distributions in Publication 541. Free prior year tax software Example 2. Free prior year tax software George and Henrietta are members of an LLC classified as a partnership for federal tax purposes. Free prior year tax software Each holds an equal membership interest. Free prior year tax software The LLC does not hold any unrealized receivables or substantially appreciated inventory. Free prior year tax software George and Henrietta each sell their entire interests in the LLC to Ian, an unrelated person, in exchange for $10,000. Free prior year tax software After the sale, the business is continued by the LLC, which is owned solely by Ian. Free prior year tax software No entity classification election is made after the sale to treat the LLC as a corporation for federal tax purposes. Free prior year tax software The partnership terminates when Ian purchases the entire interests of George and Henrietta in the LLC. Free prior year tax software George and Henrietta must report gain or loss, if any, resulting from the sale of their partnership interests. Free prior year tax software For purposes of classifying the acquisition by Ian, the partnership is deemed to make a liquidating distribution of its assets to George and Henrietta. Free prior year tax software Immediately following this distribution, Ian is deemed to acquire, by purchase, all of the former partnership's assets. Free prior year tax software   For more details on the preceding two examples, see Revenue Ruling 99-6, 1999-6 I. Free prior year tax software R. Free prior year tax software B. Free prior year tax software 6. Free prior year tax software You can find Revenue Ruling 99-6 at www. Free prior year tax software irs. Free prior year tax software gov/pub/irs-irbs/irb99-06. Free prior year tax software pdf. Free prior year tax software LLCs Classified as Disregarded Entities If an LLC has only one member and is classified as an entity disregarded as separate from its owner, its income, deductions, gains, losses, and credits are reported on the owner's income tax return. Free prior year tax software For example, if the owner of the LLC is an individual, the LLC's income and expenses would be reported on the following schedules filed with the owner's Form 1040: Schedule C, Profit or Loss from Business (Sole Proprietorship); Schedule C-EZ, Net Profit From Business (Sole Proprietorship); Schedule E, Supplemental Income and Loss; or Schedule F, Profit or Loss From Farming. Free prior year tax software Employment tax and certain excise taxes. Free prior year tax software   A single-member LLC that is classified as a disregarded entity for income tax purposes is treated as a separate entity for purposes of employment tax and certain excise taxes. Free prior year tax software For wages paid after January 1, 2009, the single-member LLC is required to use its name and employer identification number (EIN) for reporting and payment of employment taxes. Free prior year tax software A single-member LLC is also required to use its name and EIN to register for excise tax activities on Form 637; pay and report excise taxes reported on Forms 720, 730, 2290, and 11-C; and claim any refunds, credits, and payments on Form 8849. Free prior year tax software See the employment and excise tax returns for more information. Free prior year tax software Self-employment tax rule for disregarded entity LLCs. Free prior year tax software   An individual owner of a single-member LLC classified as a disregarded entity is not an employee of the LLC. Free prior year tax software Instead, the owner is subject to tax on the net earnings from self-employment of the LLC which is treated in the same manner as a sole-proprietorship. Free prior year tax software Example 3. Free prior year tax software LLC is a disregarded entity owned by Irene. Free prior year tax software LLC has three employees (Kent, Patricia, and Tex) and pays wages. Free prior year tax software LLC is treated as an entity separate from its owner for purposes of employment taxes. Free prior year tax software For the wages paid to Kent, Patricia, and Tex, LLC is liable for income tax withholding, Federal Insurance Contributions Act (FICA) taxes, and Federal Unemployment Tax Act (FUTA) taxes. Free prior year tax software In addition, LLC must file under its name and EIN the applicable employment tax returns; make timely employment tax deposits; and file with the Social Security Administration and furnish to LLC's employees (Kent, Patricia, and Tex) Forms W-2, Wage and Tax Statement. Free prior year tax software Irene is self-employed for purposes of the self-employment tax. Free prior year tax software Thus, Irene is subject to self-employment tax on her net earnings from self-employment with respect to LLC's activities. Free prior year tax software Irene is not an employee of LLC for purposes of employment taxes. Free prior year tax software Because LLC is treated as a sole proprietorship of Irene for income tax purposes, Irene must report the income and expenses from LLC on her Schedule C. Free prior year tax software Irene will figure the tax due on her net earnings from self-employment on Schedule SE. Free prior year tax software Irene can also deduct one-half of her self-employment tax on line 27 of her Form 1040. Free prior year tax software Taxpayer identification number. Free prior year tax software   For all income tax purposes, a single-member LLC classified as a disregarded entity must use the owner's social security number (SSN) or EIN. Free prior year tax software This includes all information returns and reporting related to income tax. Free prior year tax software For example, if a disregarded entity LLC that is owned by an individual is required to provide a Form W-9, Request for Taxpayer Identification Number and Certification, the LLC must provide the owner's SSN or EIN, not the LLC's EIN. Free prior year tax software   However, most new single-member LLCs classified as a disregarded entity will need to obtain an EIN for the LLC. Free prior year tax software An LLC will need an EIN if it has any employees or if it will be required to file any of the excise tax forms listed above (see Employment tax and certain excise taxes earlier). Free prior year tax software See Form SS-4, Application for Employer Identification Number, for information on applying for an EIN. Free prior year tax software Change in default classification. Free prior year tax software   If a single-member LLC classified as a disregarded entity for income tax purposes acquires an additional member, it becomes a partnership under Regulations section 301. Free prior year tax software 7701-3(f)(2). Free prior year tax software However, if the LLC has made an election to be classified as a corporation (discussed later) and that elective classification is in effect at the time of the change in membership, the default classification as a partnership will not apply. Free prior year tax software   Other tax consequences of a change in membership, such as recognition of gain or loss, are determined by the transactions through which an interest in the LLC is acquired or disposed of. Free prior year tax software If a disregarded entity that becomes a partnership as a result of an increase in the number of members makes an election to be classified as a corporation, the applicable deemed transactions discussed in Subsequent Elections, later, apply. Free prior year tax software Example 4. Free prior year tax software Bart, who is not related to Alain, buys 50% of Alain's interest in an LLC that is a disregarded entity for $5,000. Free prior year tax software Alain does not contribute any portion of the $5,000 to the LLC. Free prior year tax software Alain and Bart continue to operate the business of the LLC as co-owners of the LLC. Free prior year tax software The LLC is converted to a partnership when the new member, Bart, buys an interest in the disregarded entity from the owner, Alain. Free prior year tax software Bart's buying a 50% interest in Alain's ownership interest in the LLC is treated as Bart's buying a 50% interest in each of the LLC's assets, which are treated as owned directly by Alain for federal income tax purposes. Free prior year tax software Immediately thereafter, Alain and Bart are treated as contributing their respective interests in those assets to a partnership in exchange for ownership interests in the partnership. Free prior year tax software Alain recognizes gain or loss from the deemed sale to Bart of the 50% interest in the assets. Free prior year tax software Neither Alain nor Bart recognizes any gain or loss as a result of the deemed contribution of the assets to the partnership. Free prior year tax software Example 5. Free prior year tax software Charles, who is not related to Danielle, contributes $10,000 to an LLC owned by Danielle for a 50% ownership interest in the LLC. Free prior year tax software The LLC uses all of the contributed cash in its business. Free prior year tax software Charles and Danielle continue to operate the business of the LLC as co-owners of the LLC. Free prior year tax software The LLC is converted from a disregarded entity to a partnership when Charles contributes cash to the LLC. Free prior year tax software Charles's contribution is treated as a contribution to a partnership in exchange for an ownership interest in the partnership. Free prior year tax software Danielle is treated as contributing all of the assets of the LLC to the partnership in exchange for a partnership interest. Free prior year tax software Neither Charles nor Danielle recognizes gain or loss as a result of the conversion of the disregarded entity to a partnership. Free prior year tax software   For more details on the preceding two examples, see Revenue Ruling 99-5, 1999-6 I. Free prior year tax software R. Free prior year tax software B. Free prior year tax software 8. Free prior year tax software You can find Revenue Ruling 99-5 at www. Free prior year tax software irs. Free prior year tax software gov/pub/irs-irbs/irb99-06. Free prior year tax software pdf. Free prior year tax software LLCs Classified as Corporations An LLC with either a single member or more than one member can elect to be classified as a corporation rather than be classified as a partnership or disregarded entity under the default rules discussed earlier. Free prior year tax software File Form 8832, Entity Classification Election, to elect classification as a C corporation. Free prior year tax software File Form 2553, Election by a Small Business Corporation, to elect classification as an S corporation. Free prior year tax software LLCs electing classification as an S corporation are not required to file Form 8832 to elect classification as a corporation before filing Form 2553. Free prior year tax software By filing Form 2553, an LLC is deemed to have elected classification as a corporation in addition to the S corporation classification. Free prior year tax software If the LLC elects to be classified as a corporation by filing Form 8832, a copy of the LLC's Form 8832 must be attached to the federal income tax return of each direct and indirect owner of the LLC for the tax year of the owner that includes the date on which the election took effect. Free prior year tax software Example 6. Free prior year tax software Classification as a corporation without an S election. Free prior year tax software Wanda and Sylvester are members of an LLC. Free prior year tax software They agree that the LLC should be classified as a corporation but do not want to elect to have the LLC be treated as an S corporation. Free prior year tax software The LLC must file Form 8832. Free prior year tax software Example 7. Free prior year tax software Classification as a corporation with an S election. Free prior year tax software Evelyn and Carol are members of an LLC. Free prior year tax software They agree that the LLC should be classified as an S corporation. Free prior year tax software The LLC must file Form 2553 instead of Form 8832. Free prior year tax software If the LLC is classified as a corporation, it must file a corporation income tax return. Free prior year tax software If it is a C corporation, it is taxed on its taxable income and distributions to the members are includible in the members' gross income to the extent of the corporation's earnings and profits (double taxation). Free prior year tax software If it is an S corporation, the corporation is generally not subject to any income tax and the income, deductions, gains, losses, and credits of the corporation “pass through” to the members. Free prior year tax software Corporations generally file either: Form 1120, U. Free prior year tax software S. Free prior year tax software Corporation Income Tax Return; or Form 1120S, U. Free prior year tax software S. Free prior year tax software Income Tax Return for an S Corporation. Free prior year tax software For more information on the income taxation of corporations and their shareholders, see Publication 542, Corporations. Free prior year tax software For more information on the income taxation of S corporations and their shareholders, see the Instructions for Form 1120S, U. Free prior year tax software S. Free prior year tax software Income Tax Return for an S Corporation. Free prior year tax software Subsequent Elections An LLC can elect to change its classification. Free prior year tax software Generally, once an LLC has elected to change its classification, it cannot elect again to change it classification during the 60 months after the effective date of the election. Free prior year tax software An election by a newly formed LLC that is effective on the date of formation is not considered a change for purposes of this limitation. Free prior year tax software For more information and exceptions, see Regulations section 301. Free prior year tax software 7701-3(c) and the Form 8832 instructions. Free prior year tax software An election to change classification can have significant tax consequences based on the following transactions that are deemed to occur as a result of the election. Free prior year tax software Partnership to corporation. Free prior year tax software   An election to change classification from a partnership to a corporation will be treated as if the partnership contributed all of its assets and liabilities to the corporation in exchange for stock and the partnership then immediately liquidated by distributing the stock to its partners. Free prior year tax software   For more information, see Partnership Distributions in Publication 541 and Property Exchanged for Stock in Publication 542. Free prior year tax software Corporation to partnership. Free prior year tax software   An election to change classification from a corporation to a partnership will be treated as if the corporation distributed all of its assets and liabilities to its shareholders in liquidation and the shareholders then immediately contributed all of the distributed assets and liabilities to a new partnership. Free prior year tax software   For more information, see Contribution of Property in Publication 541 and Distributions to Shareholders in Publication 542. Free prior year tax software Corporation to disregarded entity. Free prior year tax software   An election to change classification from a corporation to a disregarded entity will be treated as if the corporation distributed all of its assets and liabilities to its single owner in liquidation. Free prior year tax software   For more information, see Distributions to Shareholders in Publication 542. Free prior year tax software Disregarded entity to corporation. Free prior year tax software   An election to change classification from a disregarded entity to a corporation will be treated as if the owner of the disregarded entity contributed all of the assets and liabilities to the corporation in exchange for stock. Free prior year tax software   For more information, see Property Exchanged for Stock in Publication 542. Free prior year tax software How To Get More Information This section describes the help the IRS and other federal agencies offer to taxpayers who operate their own businesses. Free prior year tax software Internal Revenue Service You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get information from the IRS in several ways. Free prior year tax software By selecting the method that is best for you, you will have quick and easy access to tax help. Free prior year tax software Contacting your Taxpayer Advocate. Free prior year tax software   The Taxpayer Advocate Service (TAS) is an independent organization within the IRS whose employees assist taxpayers who are experiencing economic harm, who are seeking help in resolving tax problems that have not been resolved through normal channels, or who believe that an IRS system or procedure is not working as it should. Free prior year tax software   You can contact the TAS by calling the TAS toll-free case intake line at 1-877-777-4778 or TTY/TDD 1-800-829-4059 to see if you are eligible for assistance. Free prior year tax software You can also call or write to your local taxpayer advocate, whose phone number and address are listed in your local telephone directory and in Publication 1546, Taxpayer Advocate Service — Your Voice at the IRS. Free prior year tax software You can file Form 911, Request for Taxpayer Advocate Service Assistance (And Application for Taxpayer Assistance Order), or ask an IRS employee to complete it on your behalf. Free prior year tax software For more information, go to www. Free prior year tax software irs. Free prior year tax software gov/advocate. Free prior year tax software Low Income Taxpayer Clinics (LITCs). Free prior year tax software   LITCs are independent organizations that provide low income taxpayers with representation in federal tax controversies with the IRS for free or for a nominal charge. Free prior year tax software The clinics also provide tax education and outreach for taxpayers with limited English proficiency or who speak English as a second language. Free prior year tax software Publication 4134, Low Income Taxpayer Clinic List, provides information on clinics in your area. Free prior year tax software It is available at www. Free prior year tax software irs. Free prior year tax software gov or at your local IRS office. Free prior year tax software Small business workshops. Free prior year tax software   Small business workshops are designed to help the small business owner understand and fulfill their federal tax responsibilities. Free prior year tax software Workshops are sponsored and presented by IRS partners who are federal tax specialists. Free prior year tax software Workshop topics vary from a general overview of taxes to more specific topics such as recordkeeping and retirement plans. Free prior year tax software Although most are free, some workshops have fees associated with them. Free prior year tax software Any fees charged for a workshop are paid to the sponsoring organization, not the IRS. Free prior year tax software   For more information, visit www. Free prior year tax software irs. Free prior year tax software gov/businesses/small. Free prior year tax software Subscribe to e-news for small businesses. Free prior year tax software   Join the e-News for Small Businesses mailing list to receive updates, reminders, and other information useful to small business owners and self employed individuals. Free prior year tax software Visit the website at www. Free prior year tax software irs. Free prior year tax software gov/businesses/small and click on “Subscribe to e-News. Free prior year tax software ” Free tax services. Free prior year tax software   To find out what services are available, get Publication 910, IRS Guide to Free Tax Services. Free prior year tax software It contains a list of free tax publications and describes other free tax information services, including tax education and assistance programs and a list of TeleTax topics. Free prior year tax software   Accessible versions of IRS published products are available on request in a variety of alternative formats for people with disabilities. Free prior year tax software Internet. Free prior year tax software You can access the IRS website at www. Free prior year tax software irs. Free prior year tax software gov 24 hours a day, 7 days a week, to: E-file your return. Free prior year tax software Find out about commercial tax preparation and e-file services available free to eligible taxpayers. Free prior year tax software Check the status of your refund. Free prior year tax software Go to www. Free prior year tax software irs. Free prior year tax software gov and click on Where's My Refund. Free prior year tax software Wait at least 72 hours after the IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after mailing a paper return. Free prior year tax software If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). Free prior year tax software Have your tax return available so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. Free prior year tax software Download forms, instructions, and publications. Free prior year tax software Order IRS products online. Free prior year tax software Research your tax questions online. Free prior year tax software Search publications online by topic or keyword. Free prior year tax software View Internal Revenue Bulletins (IRBs) published in the last few years. 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Free prior year tax software Call the IRS with your tax questions at 1-800-829-1040. Free prior year tax software Solving problems. Free prior year tax software You can get face-to-face help solving tax problems every business day in IRS Taxpayer Assistance Centers. Free prior year tax software An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. Free prior year tax software Call your local Taxpayer Assistance Center for an appointment. Free prior year tax software To find the number, go to www. Free prior year tax software irs. Free prior year tax software gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. Free prior year tax software TTY/TDD equipment. Free prior year tax software If you have access to TTY/TDD equipment, call 1-800-829-4059 to ask tax questions or to order forms and publications. Free prior year tax software TeleTax topics. Free prior year tax software Call 1-800-829-4477 to listen to pre-recorded messages covering various tax topics. Free prior year tax software Refund information. Free prior year tax software To check the status of your 2009 refund, call 1-800-829-1954 during business hours or 1-800-829-4477 (automated refund information 24 hours a day, 7 days a week). Free prior year tax software Wait at least 72 hours after the IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after mailing a paper return. Free prior year tax software If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). Free prior year tax software Have your 2009 tax return available so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. Free prior year tax software Refunds are sent out weekly on Fridays. Free prior year tax software If you check the status of your refund and are not given the date it will be issued, please wait until the next week before checking back. Free prior year tax software Evaluating the quality of our telephone services. Free prior year tax software To ensure IRS representatives give accurate, courteous, and professional answers, we use several methods to evaluate the quality of our telephone services. Free prior year tax software One method is for a second IRS representative to listen in on or record random telephone calls. Free prior year tax software Another is to ask some callers to complete a short survey at the end of the call. Free prior year tax software Walk-in. Free prior year tax software Many products and services are available on a walk-in basis. Free prior year tax software Products. Free prior year tax software You can walk in to many post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. 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Free prior year tax software If you need to resolve a tax problem, have questions about how the tax law applies to your individual tax return, or you are more comfortable talking with someone in person, visit your local Taxpayer Assistance Center where you can spread out your records and talk with an IRS representative face-to-face. Free prior year tax software No appointment is necessary—just walk in. Free prior year tax software If you prefer, you can call your local Center and leave a message requesting an appointment to resolve a tax account issue. Free prior year tax software A representative will call you back within 2 business days to schedule an in-person appointment at your convenience. Free prior year tax software If you have an ongoing, complex tax account problem or a special need, such as a disability, an appointment can be requested. Free prior year tax software All other issues will be handled without an appointment. Free prior year tax software To find the number of your local office, go to www. Free prior year tax software irs. Free prior year tax software gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. Free prior year tax software Mail. Free prior year tax software You can send your order for forms, instructions, and publications to the address below. Free prior year tax software You should receive a response within 10 days after your request is received. Free prior year tax software Internal Revenue Service1201 N. Free prior year tax software Mitsubishi MotorwayBloomington, IL 61705–6613 DVD for tax products. Free prior year tax software You can order Publication 1796, IRS Tax Products DVD, and obtain: Current-year forms, instructions, and publications. Free prior year tax software Prior-year forms, instructions, and publications. Free prior year tax software Tax Map: an electronic research tool and finding aid. Free prior year tax software Tax law frequently asked questions. Free prior year tax software Tax Topics from the IRS telephone response system. Free prior year tax software Internal Revenue Code—Title 26 of the U. Free prior year tax software S. Free prior year tax software Code. Free prior year tax software Fill-in, print, and save features for most tax forms. Free prior year tax software Internal Revenue Bulletins. Free prior year tax software Toll-free and email technical support. Free prior year tax software Two releases during the year. Free prior year tax software – The first release will ship the beginning of January. Free prior year tax software – The final release will ship the beginning of March. Free prior year tax software Purchase the DVD from National Technical Information Service (NTIS) at www. Free prior year tax software irs. Free prior year tax software gov/cdorders for $30 (no handling fee) or call 1-877-CDFORMS (1-877-233-6767) toll free to buy the DVD for $30 (plus a $6 handling fee). Free prior year tax software Small Business Administration The Small Business Administration (SBA) offers training and educational programs, counseling services, financial programs, and contract assistance for small business owners. Free prior year tax software The SBA also has publications and videos on a variety of business topics. Free prior year tax software The following briefly describes assistance provided by the SBA. Free prior year tax software Small Business Development Centers (SBDCs). Free prior year tax software   SBDCs provide counseling, training, and technical services to current and prospective small business owners who cannot afford the services of a private consultant. Free prior year tax software Help is available when beginning, improving, or expanding a small business. 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Free prior year tax software You can visit the SBA website at www. Free prior year tax software sba. Free prior year tax software gov. Free prior year tax software While visiting the SBA website, you can find a variety of information of interest to small business owners. Free prior year tax software    Phone. Free prior year tax software Call the SBA Answer Desk at 1-800-UASK-SBA (1-800-827-5722) for general information about programs available to assist small business owners. Free prior year tax software    Walk-in. Free prior year tax software You can walk in to a Small Business Development Center or Business Information Center to request assistance with your small business. Free prior year tax software To find the location nearest you, visit the SBA website or call the SBA Answer Desk. Free prior year tax software Other Federal Agencies Other federal agencies also publish publications and pamphlets to assist small businesses. Free prior year tax software Most of these are available from the Superintendent of Documents at the Government Printing Office. Free prior year tax software You can get information and order these publications and pamphlets in several ways. Free prior year tax software Internet. Free prior year tax software You can visit the GPO website at www. Free prior year tax software access. Free prior year tax software gpo. Free prior year tax software gov. Free prior year tax software Mail. Free prior year tax software Write to the GPO at the following address. Free prior year tax software Superintendent of DocumentsU. Free prior year tax software S. Free prior year tax software Government Printing OfficeP. Free prior year tax software O. Free prior year tax software Box 979050St. Free prior year tax software Louis, MO 63917-9000 Phone. Free prior year tax software Call the GPO toll-free at 1-866-512-1800 or at 202-512-1800 from the Washington, DC area. 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