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Free tax fiing Publication 970 - Introductory Material Table of Contents Future Developments What's New Reminders IntroductionComparison table. Free tax fiing Ordering forms and publications. Free tax fiing Tax questions. Free tax fiing Useful Items - You may want to see: Future Developments For the latest information about developments related to Publication 970, such as legislation enacted after it was published, go to www. Free tax fiing irs. Free tax fiing gov/pub970. Free tax fiing What's New Lifetime learning credit. Free tax fiing  For 2013, the amount of your lifetime learning credit is gradually reduced (phased out) if your modified adjusted gross income (MAGI) is between $53,000 and $63,000 ($107,000 and $127,000 if you file a joint return). Free tax fiing You cannot claim a credit if your MAGI is $63,000 or more ($127,000 or more if you file a joint return). Free tax fiing This is an increase from the 2012 limits of $52,000 and $62,000 ($104,000 and $124,000 if filing a joint return). Free tax fiing For more information, see chapter 3, Lifetime Learning Credit . Free tax fiing Business deduction for work-related education. Free tax fiing  For 2013, if you drive your car to and from school and qualify to deduct transportation expenses, the amount you can deduct for miles driven from January 1, 2013 through December 31, 2013 is 56. Free tax fiing 5 cents per mile. Free tax fiing See chapter 12, Business Deduction for Work-Related Education , for more information. Free tax fiing Reminders Form 1098-T, Tuition Statement. Free tax fiing  When figuring an education credit or the tuition and fees deduction, use only the amounts you paid and are deemed to have paid during the tax year for qualified education expenses. Free tax fiing In most cases, the student should receive Form 1098-T from the eligible educational institution by January 31, 2014. Free tax fiing An institution my choose to report either payments received during calendar year 2013 (box 1), or amounts billed during the calendar year 2013 (box 2), for qualified education expenses. Free tax fiing However, the amounts in boxes 1 and 2 of Form 1098-T might be different than the amount you actually paid and are deemed to have paid. Free tax fiing In addition, the Form 1098-T should give you other information for that institution, such as adjustments made for prior years, the amount of scholarships or grants, reimbursements, or refunds, and whether the student was enrolled at least half-time or was a graduate student. Free tax fiing The eligible educational institution may ask for a completed Form W-9S, Request for Student's or Borrower's Taxpayer Identification Number and Certification, or similar statement to obtain the student's name, address, and taxpayer identification number. Free tax fiing Hope Scholarship Credit. Free tax fiing  For 2013, the Hope Scholarship Credit is not available. Free tax fiing However, you may be able to claim an American opportunity or lifetime learning credit. Free tax fiing See chapter 2, American Opportunity Credit , and chapter 3, Lifetime Learning Credit , for more information. Free tax fiing Estimated tax payments. Free tax fiing  If you have taxable income from any of your education benefits and the payer does not withhold enough income tax, you may need to make estimated tax payments. Free tax fiing For more information, see Publication 505, Tax Withholding and Estimated Tax. Free tax fiing Photographs of missing children. Free tax fiing  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Free tax fiing Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Free tax fiing You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Free tax fiing Introduction This publication explains tax benefits that may be available to you if you are saving for or paying education costs for yourself or, in many cases, another student who is a member of your immediate family. Free tax fiing Most benefits apply only to higher education. Free tax fiing What is in this publication. Free tax fiing    Chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions , explains the tax treatment of various types of educational assistance, including scholarships, fellowships, and tuition reductions. Free tax fiing   Two tax credits for which you may be eligible are explained in chapter 2, American Opportunity Credit , and chapter 3, Lifetime Learning Credit . Free tax fiing These benefits, which reduce the amount of income tax you may have to pay, are: The American opportunity credit, and The lifetime learning credit. Free tax fiing    Ten other types of benefits are explained in chapters 4 through 12. Free tax fiing These benefits, which reduce the amount of income tax you may have to pay, are: Deduct student loan interest; Receive tax-free treatment of a canceled student loan; Receive tax-free student loan repayment assistance; Deduct tuition and fees for education; Establish and contribute to a Coverdell education savings account (ESA), which features tax-free earnings; Participate in a qualified tuition program (QTP), which features tax-free earnings; Take early distributions from any type of individual retirement arrangement (IRA) for education costs without paying the 10% additional tax on early distributions; Cash in savings bonds for education costs without having to pay tax on the interest; Receive tax-free educational benefits from your employer; and Take a business deduction for work-related education. Free tax fiing Note. Free tax fiing You generally cannot claim more than one of the benefits described in the list above for the same qualifying education expense. Free tax fiing Comparison table. Free tax fiing   Some of the features of these benefits are highlighted in Appendix B, Highlights of Education Tax Benefits for Tax Year 2013 , later, in this publication. Free tax fiing This general comparison table may guide you in determining which benefits you may be eligible for and which chapters you may want to read. Free tax fiing When you figure your taxes, you may want to compare these tax benefits so you can choose the method(s) that gives you the lowest tax liability. Free tax fiing If you qualify, you may find that a combination of credit(s) and deduction(s) gives you the lowest tax. Free tax fiing Analyzing your tax withholding. Free tax fiing   After you estimate your education tax benefits for the year, you may be able to reduce the amount of your federal income tax withholding. Free tax fiing Also, you may want to recheck your withholding during the year if your personal or financial situation changes. Free tax fiing See Publication 919, How Do I Adjust My Tax Withholding, for more information. Free tax fiing Glossary. Free tax fiing   In this publication, wherever appropriate, we have tried to use the same or similar terminology when referring to the basic components of each education benefit. Free tax fiing Some of the terms used are: Qualified education expenses, Eligible educational institution, and Modified adjusted gross income. Free tax fiing   Even though the same term, such as qualified education expenses, is used to label a basic component of many of the education benefits, the same expenses are not necessarily allowed for each benefit. Free tax fiing For example, the cost of room and board is a qualified education expense for the qualified tuition program, but not for the education savings bond program. Free tax fiing   Many of the terms used in the publication are defined in the glossary near the end of the publication. Free tax fiing The glossary is not intended to be a substitute for reading the chapter on a particular education benefit, but it will give you an overview of how certain terms are used in discussing the different benefits. Free tax fiing Comments and suggestions. Free tax fiing   We welcome your comments about this publication and your suggestions for future editions. Free tax fiing   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Free tax fiing NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Free tax fiing Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Free tax fiing   You can send your comments from www. Free tax fiing irs. Free tax fiing gov/formspubs/. Free tax fiing Click on “More Information” and then on “Comment on Tax Forms and Publications”. Free tax fiing   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. Free tax fiing Ordering forms and publications. Free tax fiing   Visit www. Free tax fiing irs. Free tax fiing gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. Free tax fiing Internal Revenue Service 1201 N. Free tax fiing Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Free tax fiing   If you have a tax question, check the information available on IRS. Free tax fiing gov or call 1-800-829-1040. Free tax fiing We cannot answer tax questions sent to either of the above addresses. Free tax fiing Useful Items - You may want to see: Publication 463 Travel, Entertainment, Gift, and Car Expenses 525 Taxable and Nontaxable Income 550 Investment Income and Expenses 590 Individual Retirement Arrangements (IRAs) Form (and Instructions) 1040 U. Free tax fiing S. Free tax fiing Individual Income Tax Return 1040A U. Free tax fiing S. Free tax fiing Individual Income Tax Return 1040EZ Income Tax Return for Single and Joint Filers With No Dependents 1040NR U. Free tax fiing S. Free tax fiing Nonresident Alien Income Tax Return 1040NR-EZ U. Free tax fiing S. Free tax fiing Income Tax Return for Certain Nonresident Aliens With No Dependents 2106 Employee Business Expenses 2106-EZ Unreimbursed Employee Business Expenses 5329 Additional Taxes on Qualified Plans and Other Tax-Favored Accounts 8815 Exclusion of Interest From Series EE and I U. Free tax fiing S. Free tax fiing Savings Bonds Issued After 1989 8863 Education Credits 8917 Tuition and Fees Deduction Schedule A (Form 1040) Itemized Deductions  See chapter 13, How To Get Tax Help , for information about getting these publications and forms. Free tax fiing Prev  Up  Next   Home   More Online Publications
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Question to Ask When Shopping for a Mortgage

When shopping for a home mortgage make sure you obtain all the relevant information:

  • Research current interest rates. Check the real estate section of your local newspaper, use the Internet, or call at least six lenders for information.
  • Check the rates for 30-year, 20-year and 15-year mortgages. You may be able to save thousands of dollars in interest charges by getting the shortest-term mortgage you can afford.
  • Ask for details on the same loan amount, loan term, and type of loan from multiple lenders so that you can compare the information. Be sure to get the Annual Percentage Rate (APR), which takes into account not only the interest rate but also points, broker fees, and other credit charges expressed as a yearly rate.
  • Ask whether the rate is fixed or adjustable. The interest rate on adjustable rate mortgage loans (ARMs) can vary a great deal over the lifetime of the mortgage. An increase of several percentage points might raise payments by hundreds of dollars per month.
  • If a loan has an adjustable rate, ask when and how the rate and loan payment could change.
  • Find out how much down payment is required. Some lenders require 20% of the home's purchase price as a down payment. But many lenders now offer loans that require less. In these cases, you may be required to purchase private mortgage insurance (PMI) to protect the lender if you fall behind on payments.
  • If PMI is required, ask what the total cost of the insurance will be. How much will the monthly mortgage payment be when the PMI premium is added and how long you will be required to carry PMI?
  • Ask if you can pay off the loan early and if there is a penalty for doing so.

There is a long list of sources for mortgages loans: mortgage banks, mortgage brokers, banks, thrifts and credit unions, home builders, real estate agencies and Internet lenders.

Tips for Working with Lenders

  • Get recommendations: Ask friends and family members for suggestions, especially if they've recently obtained a loan.
  • Check credentials: Mortgage bankers are regulated by either your state's department of banking or division of real estate. Check with the one appropriate to your state to see if a lender is in good professional standing. Mortgage brokers may be state regulated or not. If not, check with the local chapter of the National Association of Mortgage Brokers or the Better Business Bureau to see if their record is clean.
  • Do your homework: Learn about typical mortgages and ask questions when something looks amiss; a broker may be trying to pad closing costs or other fees at your expense.
  • Take care online: There are plenty of attractive deals online, but first make sure you're dealing with a reliable broker or lender.

If you're working with a broker, the National Consumer Law Center recommends you demand to know how much the broker is making from the lender as well as from any fees you might be paying. It's best to get this information upfront and in writing. Avoid a broker who is double-dipping-getting a fat premium from the lender, as well as fees from you.

The Real Estate Settlement Procedures Act (RESPA) requires lenders to give you information on all closing costs and escrow account practices. Any business relationships between the lender and closing service providers or other parties to the transaction must also be disclosed. Many of the fees are negotiable. More information is available from the Federal Trade Commission, the Federal Reserve Board, and the Department of Housing and Urban Development.

For more information on home buying and mortgages, visit Fannie Mae's website or call 202-752-7000.

The Free Tax Fiing

Free tax fiing Publication 225 - Introductory Material Table of Contents IntroductionOrdering forms and publications. Free tax fiing Tax questions. Free tax fiing Future Developments What's New for 2013 What's New for 2014 Reminders Introduction You are in the business of farming if you cultivate, operate, or manage a farm for profit, either as owner or tenant. Free tax fiing A farm includes livestock, dairy, poultry, fish, fruit, and truck farms. Free tax fiing It also includes plantations, ranches, ranges, and orchards. Free tax fiing This publication explains how the federal tax laws apply to farming. Free tax fiing Use this publication as a guide to figure your taxes and complete your farm tax return. Free tax fiing If you need more information on a subject, get the specific IRS tax publication covering that subject. Free tax fiing We refer to many of these free publications throughout this publication. Free tax fiing See chapter 16 for information on ordering these publications. Free tax fiing The explanations and examples in this publication reflect the Internal Revenue Service's interpretation of tax laws enacted by Congress, Treasury regulations, and court decisions. Free tax fiing However, the information given does not cover every situation and is not intended to replace the law or change its meaning. Free tax fiing This publication covers subjects on which a court may have made a decision more favorable to taxpayers than the interpretation of the Service. Free tax fiing Until these differing interpretations are resolved by higher court decisions, or in some other way, this publication will continue to present the interpretation of the Service. Free tax fiing The IRS Mission. Free tax fiing   Provide America's taxpayers top quality service by helping them understand and meet their tax responsibilities and by applying the tax law with integrity and fairness to all. Free tax fiing Comments and suggestions. Free tax fiing   We welcome your comments about this publication and your suggestions for future editions. Free tax fiing   You can write to us at the following address: Internal Revenue Service Business Forms and Publications Branch SE:W:CAR:MP:T:B 1111 Constitution Ave. Free tax fiing NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Free tax fiing Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Free tax fiing   You can email us at taxforms@irs. Free tax fiing gov. Free tax fiing Please put “Publications Comment” on the subject line. Free tax fiing You can also send us comments from www. Free tax fiing irs. Free tax fiing gov/formspubs/, select “Comment on Tax Forms and Publications” under “More Information. Free tax fiing ”   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. Free tax fiing Ordering forms and publications. Free tax fiing   Visit www. Free tax fiing irs. Free tax fiing gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. Free tax fiing Internal Revenue Service 1201 N. Free tax fiing Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Free tax fiing   If you have a tax question, check the information available on IRS. Free tax fiing gov or call 1-800-829-1040. Free tax fiing We cannot answer tax questions sent to either of the above addresses. Free tax fiing Comments on IRS enforcement actions. Free tax fiing   The Small Business and Agricultural Regulatory Enforcement Ombudsman and 10 Regional Fairness Boards were established to receive comments from small business about federal agency enforcement actions. Free tax fiing The Ombudsman will annually evaluate the enforcement activities of each agency and rate its responsiveness to small business. Free tax fiing If you wish to comment on the enforcement actions of the IRS, you can: Call 1-888-734-3247, Fax your comments to 202-481-5719, Write to Office of the National Ombudsman U. Free tax fiing S. Free tax fiing Small Business Administration 409 3rd Street, S. Free tax fiing W. Free tax fiing  Washington, DC 20416 Send an email to ombudsman@sba. Free tax fiing gov, or Download the appraisal form at  www. Free tax fiing sba. Free tax fiing gov/ombudsman. Free tax fiing Treasury Inspector General for Tax Administration. Free tax fiing   If you want to confidentially report misconduct, waste, fraud, or abuse by an IRS employee, you can call 1-800-366-4484 (1-800-877-8339 for TTY/TDD users). Free tax fiing You can remain anonymous. Free tax fiing Farm tax classes. Free tax fiing   Many state Cooperative Extension Services conduct farm tax workshops in conjunction with the IRS. Free tax fiing Contact your county extension office for more information. Free tax fiing Rural tax education website. Free tax fiing   The Rural Tax Education website is a source for information concerning agriculturally related income and deductions and self-employment tax. Free tax fiing The website is available for farmers and ranchers, other agricultural producers, Extension educators, and any one interested in learning about the tax side of the agricultural community. Free tax fiing Members of the National Farm Income Tax Extension Committee are contributors for the website and the website is hosted by Utah State University Cooperative Extension. Free tax fiing You can visit the website at www. Free tax fiing ruraltax. Free tax fiing org. Free tax fiing Future Developments The IRS has created a page on IRS. Free tax fiing gov for information about Publication 225, at  www. Free tax fiing irs. Free tax fiing gov/pub225. Free tax fiing Information about recent developments affecting Publication 225 will be posted on that page. Free tax fiing What's New for 2013 The following items highlight a number of administrative and tax law changes for 2013. Free tax fiing They are discussed in more detail throughout the publication. Free tax fiing Standard mileage rate. Free tax fiing  For 2013, the standard mileage rate for the cost of operating your car, van, pickup, or panel truck for each mile of business use is 56. Free tax fiing 5 cents. Free tax fiing See chapter 4. Free tax fiing Simplified method for business use of home deduction. Free tax fiing  The IRS now provides a simplified method to determine your expenses for business use of your home. Free tax fiing For more information, see Schedule C (Form 1040), Part II, and its instructions. Free tax fiing See chapter 4. Free tax fiing Increased section 179 expense deduction dollar limits. Free tax fiing  The maximum amount you can elect to deduct for most section 179 property you placed in service in 2013 is $500,000. Free tax fiing This limit is reduced by the amount by which the cost of the property placed in service during the tax year exceeds $2 million. Free tax fiing See chapter 7. Free tax fiing Extension of special depreciation allowance for certain qualified property acquired after December 31, 2007. Free tax fiing  You may be able to take a 50% special depreciation allowance for certain qualified property acquired after December 31, 2007, and placed in service before January 1, 2014. Free tax fiing See chapter 7. Free tax fiing Expiration of the 3-year recovery period for certain race horses. Free tax fiing . Free tax fiing  The 3-year recovery period for race horses two years old or younger will expire for such horses placed in service after December 31, 2013. Free tax fiing See chapter 7. Free tax fiing Tax rates. Free tax fiing  For tax years beginning in 2013, the social security part of the self-employment tax increases from 10. Free tax fiing 4% to 12. Free tax fiing 4%. Free tax fiing As a result, the self-employment tax is increased from 13. Free tax fiing 3% to 15. Free tax fiing 3%. Free tax fiing See chapter 12. Free tax fiing Maximum net earnings. Free tax fiing  The maximum net self-employment earnings subject to the social security part (12. Free tax fiing 4%) of the self-employment tax increased to $113,700 for 2013. Free tax fiing There is no maximum limit on earnings subject to the Medicare part (2. Free tax fiing 9%). Free tax fiing See chapter 12. Free tax fiing Net investment income tax. Free tax fiing  For tax years beginning in 2013, individuals, estates, and trusts may be subject to the net investment income tax (NIIT). Free tax fiing If you are a trader in financial instruments and commodities and required to file Schedule C (Form 1040), your investment income (for purposes of the NIIT) may be reduced by your interest and other investment expenses to the extent those expenses are not used to reduce your self-employment income. Free tax fiing For information about NIIT and the special rule for traders in financial instruments and commodities, see the Instructions for Form 8960. Free tax fiing Social Security and Medicare Tax for 2013. Free tax fiing  The employee tax rate for social security is 6. Free tax fiing 2%. Free tax fiing The employer tax rate for social security remains unchanged at 6. Free tax fiing 2%. Free tax fiing The social security wage base limit is $113,700. Free tax fiing The Medicare tax rate is 1. Free tax fiing 45% each for the employee and employer, unchanged from 2012. Free tax fiing There is no wage base limit for Medicare tax. Free tax fiing See chapter 13. Free tax fiing Additional Medicare Tax. Free tax fiing  For tax years beginning in 2013, a 0. Free tax fiing 9% Additional Medicare Tax applies to your Medicare wages, Railroad Tax Act (RRTA) compensation, and self-employment income above a threshold amount. Free tax fiing Use Form 8959, Additional Medicare Tax, to figure this tax. Free tax fiing For more information, see the Instructions for Form 8959 and the Instructions for Schedule SE (Form 1040). Free tax fiing In addition to withholding Medicare tax at 1. Free tax fiing 45%, you must withhold a 0. Free tax fiing 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. Free tax fiing You are required to begin withholding Additional Medicare Tax in the pay period in which you pay wages in excess of $200,000 to an employee and continue to withhold it each pay period until the end of the calendar year. Free tax fiing Additional Medicare Tax is only imposed on the employee. Free tax fiing There is no employer share of Additional Medicare Tax. Free tax fiing All wages that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. Free tax fiing For more information on what wages are subject to Medicare tax, see the chart, Special Rules for Various Types of Services and Payments, in section 15 of Publication 15 (Circular E), Employer's Tax Guide. Free tax fiing For more information on Additional Medicare Tax, visit IRS. Free tax fiing gov and enter “Additional Medicare Tax” in the search box. Free tax fiing See chapter 13. Free tax fiing Leave-Based donation programs to aid victims of Hurricane Sandy. Free tax fiing  Under these programs, employees may donate their vacation, sick, or personal leave in exchange for employer cash payments made before January 1, 2014, to qualified tax-exempt organizations providing relief for the victims of Hurricane Sandy. Free tax fiing The donated leave will not be included in the income or wages of the employee. Free tax fiing The employer may deduct the cash payments as business expenses or charitable contributions. Free tax fiing See chapter 13. Free tax fiing Work opportunity tax credit for qualified tax-exempt organizations hiring qualified veterans extended. Free tax fiing  The work opportunity tax credit is now available for eligible unemployed veterans who begin work before January 1, 2014. Free tax fiing Qualified tax-exempt organizations that hire eligible unemployed veterans can claim the work opportunity tax credit against their payroll tax liability using Form 5884-C, Work Opportunity Credit for Qualified Tax-Exempt Organizations Hiring Qualified Veterans. Free tax fiing For more information, visit IRS. Free tax fiing gov and enter “work opportunity credit” in the search box. Free tax fiing See chapter 13. Free tax fiing Estimated tax. Free tax fiing  For tax years beginning in 2013, the Net Investment Income Tax (NIIT) may need to be included when calculating your estimated tax. Free tax fiing Also, when figuring your estimated tax, you may need to include the 0. Free tax fiing 9% Additional Medicare Tax applicable to Medicare wages, Railroad Retirement Tax Act (RRTA) compensation, and self-employment income above the threshold amount based on your filing status. Free tax fiing For more information, see Publication 505. Free tax fiing What's New for 2014 Maximum net earnings. Free tax fiing  The maximum net self-employment earnings subject to the social security part of the self-employment tax for 2014 will be discussed in the 2013 Publication 334. Free tax fiing See chapter 12. Free tax fiing Social security and Medicare tax for 2014. Free tax fiing  The employee and employer tax rates for social security and the maximum amount of wages subject to social security tax for 2014 will be discussed in Publication 51 (Circular A), Agricultural Employer's Tax Guide (For use in 2014). Free tax fiing The Medicare tax rate for 2014 will also be discussed in Publication 51 (Circular A) (For use in 2014). Free tax fiing There is no limit on the amount of wages subject to Medicare tax. Free tax fiing See chapter 13. Free tax fiing Reminders The following reminders and other items may help you file your tax return. Free tax fiing   IRS e-file (Electronic Filing) You can file your tax returns electronically using an IRS e-file option. Free tax fiing The benefits of IRS e-file include faster refunds, increased accuracy, and acknowledgment of IRS receipt of your return. Free tax fiing You can use one of the following IRS e-file options. Free tax fiing Use an authorized IRS e-file provider. Free tax fiing Use a personal computer. Free tax fiing Visit a Volunteer Income Tax Assistance (VITA) or Tax Counseling for the Elderly (TCE) site. Free tax fiing For details on these fast filing methods, see your income tax package. Free tax fiing Principal agricultural activity codes. Free tax fiing  You must enter on line B of Schedule F (Form 1040) a code that identifies your principal agricultural activity. Free tax fiing It is important to use the correct code because this information will identify market segments of the public for IRS Taxpayer Education programs. Free tax fiing The U. Free tax fiing S. Free tax fiing Census Bureau also uses this information for its economic census. Free tax fiing See the list of Principal Agricultural Activity Codes on page 2 of Schedule F (Form 1040). Free tax fiing Publication on employer identification numbers (EIN). Free tax fiing  Publication 1635, Understanding Your Employer Identification Number, provides general information on employer identification numbers. Free tax fiing Topics include how to apply for an EIN and how to complete Form SS-4. Free tax fiing Change of address. Free tax fiing  If you change your home address, you should use Form 8822, Change of Addres, to notify the IRS. Free tax fiing If you change your business address, you should use Form 8822-B, Change of Address or Responsible Party — Business, to notify the IRS. Free tax fiing Be sure to include your suite, room, or other unit number. Free tax fiing Reportable transactions. Free tax fiing  You must file Form 8886, Reportable Transaction Disclosure Statement, to report certain transactions. Free tax fiing You may have to pay a penalty if you are required to file Form 8886 but do not do so. Free tax fiing Reportable transactions include (1) transactions the same as or substantially similar to tax avoidance transactions identified by the IRS, (2) transactions offered to you under conditions of confidentiality and for which you paid an advisor a minimum fee, (3) transactions for which you have or a related party has a right to a full or partial refund of fees if all or part of the intended tax consequences from the transaction are not sustained, (4) transactions that result in losses of at least $2 million in any single year or $4 million in any combination of years, and (5) transactions with asset holding periods of 45 days or less and that result in a tax credit of more than $250,000. Free tax fiing For more information, see the Instructions for Form 8886. Free tax fiing Form W-4 for 2014. Free tax fiing  You should make new Forms W-4 available to your employees and encourage them to check their income tax withholding for 2014. Free tax fiing Those employees who owed a large amount of tax or received a large refund for 2013 may need to submit a new Form W-4. Free tax fiing See Publication 919, How Do I Adjust My Tax Withholding. Free tax fiing Form 1099-MISC. Free tax fiing  Generally, file Form 1099-MISC if you pay at least $600 in rents, services, and other miscellaneous payments in your farming business to an individual (for example, an accountant, an attorney, or a veterinarian) who is not your employee. Free tax fiing Limited Liability Company (LLC). Free tax fiing  For purposes of this publication, a limited liability company (LLC) is a business entity organized in the United States under state law. Free tax fiing Unlike a partnership, all of the members of an LLC have limited personal liability for its debts. Free tax fiing 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 tax fiing 7701-3. Free tax fiing See Publication 3402 for more details. Free tax fiing Photographs of missing children. Free tax fiing  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Free tax fiing Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Free tax fiing You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Free tax fiing Prev  Up  Next   Home   More Online Publications