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H and r block free tax filing Internal Revenue Bulletin:  2013-7  February 11, 2013  Rev. H and r block free tax filing Proc. H and r block free tax filing 2013-16 Table of Contents SECTION 1. H and r block free tax filing PURPOSE SECTION 2. H and r block free tax filing BACKGROUND—HAMP AND THE HAMP PRINCIPAL REDUCTION ALTERNATIVE SECTION 3. H and r block free tax filing BACKGROUND—APPLICABLE PROVISIONS OF LAW SECTION 4. H and r block free tax filing FEDERAL INCOME TAX TREATMENT SECTION 5. H and r block free tax filing INFORMATION-REPORTING OBLIGATIONS SECTION 6. H and r block free tax filing HAMP-PRA BORROWERS’ REPORTING OF DISCHARGES OF INDEBTEDNESS UNDER HAMP-PRA SECTION 7. H and r block free tax filing PENALTY RELIEF FOR 2012 SECTION 8. H and r block free tax filing SCOPE AND EFFECTIVE DATE SECTION 9. H and r block free tax filing DRAFTING INFORMATION SECTION 1. H and r block free tax filing PURPOSE This revenue procedure provides guidance to mortgage loan holders, loan servicers, and borrowers who are participating in the Department of the Treasury’s (Treasury) and Department of Housing and Urban Development’s (HUD) Home Affordable Modification Program® (HAMP®). H and r block free tax filing Under HAMP, a borrower may be eligible for principal reduction of the outstanding balance of a qualifying mortgage pursuant to the program’s Principal Reduction AlternativeSM (PRA). H and r block free tax filing In appropriate cases, HAMP has been offering the PRA as part of a HAMP loan modification since the last quarter of 2010. H and r block free tax filing Current plans call for HAMP to continue accepting new borrowers through the end of 2013. H and r block free tax filing The Internal Revenue Service (Service) is providing this guidance to address the tax consequences for borrowers (HAMP-PRA borrowers) who are participating in the PRA and the reporting obligations for participating mortgage loan holders and servicers. H and r block free tax filing SECTION 2. H and r block free tax filing BACKGROUND—HAMP AND THE HAMP PRINCIPAL REDUCTION ALTERNATIVE . H and r block free tax filing 01 To help distressed borrowers lower their monthly mortgage payments, Treasury and HUD established HAMP for mortgage loans that are not owned or guaranteed by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac). H and r block free tax filing A description of the program can be found at www. H and r block free tax filing makinghomeaffordable. H and r block free tax filing gov. H and r block free tax filing . H and r block free tax filing 02 Under HAMP, a participating loan servicer, acting on behalf of the mortgage loan holder, must consider a sequence of modification steps for each eligible borrower’s mortgage loan until the borrower’s monthly payment is reduced to a monthly payment amount determined under the HAMP guidelines. H and r block free tax filing These steps include a reduction in the mortgage loan’s interest rate, an extension of the mortgage loan’s term, and a reduction in the mortgage loan’s principal balance. H and r block free tax filing . H and r block free tax filing 03 In some cases, the unpaid principal balance of the modified mortgage loan is divided into (1) an amount that bears stated interest and that is used to calculate the borrower’s new monthly mortgage payment (the “Non-forbearance Portion”), and (2) a forbearance amount, which does not bear stated interest and on which periodic payments of stated principal are not required. H and r block free tax filing The stated principal of the forbearance amount is due upon the earliest of the borrower’s transfer of the property, payoff of the balance on the Non-forbearance Portion of the mortgage loan, or maturity of the mortgage loan. H and r block free tax filing However, as noted in section 2. H and r block free tax filing 06 of this revenue procedure, a HAMP-PRA borrower sometimes may not have to pay all or a portion of the forbearance amount. H and r block free tax filing (The forbearance amount associated with a HAMP-PRA principal reduction is called the “PRA Forbearance Amount. H and r block free tax filing ”) . H and r block free tax filing 04 If a mortgage loan is being considered for a HAMP modification and the amount owed on the mortgage loan is greater than 115 percent of the value of the property, then the servicer must consider whether principal reduction under PRA should be used as part of the HAMP modification. H and r block free tax filing . H and r block free tax filing 05 The first step toward a HAMP modification is a trial period plan, in which the borrower’s monthly mortgage payment is set at a monthly payment amount determined under the HAMP guidelines. H and r block free tax filing The trial period plan effective date is the due date for the first of the reduced payments that are to be made under the trial period plan. H and r block free tax filing (It is the first day of either the first or the second month after the servicer transmits the trial period notice to the borrower. H and r block free tax filing ) In general, the trial period is three months, and, during this period, the borrower must satisfy certain conditions before the changes to the terms of the mortgage loan become permanent (the “Trial Period Conditions”). H and r block free tax filing Specifically, depending on the borrower’s trial period payment history, the borrower’s compliance with HAMP and servicer guidelines, and his or her satisfaction of all other Trial Period Conditions, the borrower will be offered a permanent modification of the terms of the mortgage loan, including monthly mortgage payments that are lower than those under the old mortgage loan. H and r block free tax filing Until the effective date of a permanent modification, the terms of the existing mortgage loan continue to apply. H and r block free tax filing . H and r block free tax filing 06 After the mortgage loan is permanently modified under HAMP, if the modified mortgage loan is in good standing on the first, second, or third annual anniversary of the trial period plan effective date (the “Three-year Period”), the servicer must reduce the unpaid principal balance of the mortgage loan on the respective anniversary date by one-third of the initial PRA Forbearance Amount. H and r block free tax filing (The servicer allocates the entire reduction to the remaining PRA Forbearance Amount. H and r block free tax filing ) In general, if a HAMP-PRA borrower’s mortgage loan is in good standing and if the HAMP-PRA borrower pays in full the Non-forbearance Portion of the mortgage loan prior to the reduction of the entire PRA Forbearance Amount, the servicer must reduce the remaining outstanding principal balance of the mortgage loan by the remaining PRA Forbearance Amount. H and r block free tax filing . H and r block free tax filing 07 In connection with every HAMP loan modification, the HAMP program administrator (acting on behalf of the federal government) provides incentives to the borrower, the servicer, and the investor (that is, the holder of the mortgage loan). H and r block free tax filing If a HAMP loan modification includes a PRA principal reduction, the HAMP program administrator makes additional incentive payments to the investor. H and r block free tax filing These additional incentives are called “PRA Investor Incentive Payments” and are generally spread over three years. H and r block free tax filing The size of the PRA Investor Incentive Payments depends on the amount of principal reduced, the loan-to-value ratio at the time of the HAMP modification, and the loan’s payment history before the modification. H and r block free tax filing The PRA Investor Incentive Payments range from 18 to 63 percent of the principal amounts reduced. H and r block free tax filing For purposes of this revenue procedure, the excess of the initial PRA Forbearance Amount of a mortgage loan over the aggregate PRA Investor Incentive Payments scheduled to be paid with respect to that loan is called the “PRA Adjusted Forbearance Amount. H and r block free tax filing ” . H and r block free tax filing 08 A PRA Investor Incentive Payment is earned by the investor on each date on which the servicer reduces the unpaid principal balance of the mortgage loan by a portion of the PRA Forbearance Amount (generally, on the first three annual anniversaries of the trial period plan effective date). H and r block free tax filing . H and r block free tax filing 09 If a HAMP-PRA borrower’s early payment in full of the Non-forbearance Portion of the mortgage loan accelerates the reduction of the remaining PRA Forbearance Amount (described above in section 2. H and r block free tax filing 06 of this revenue procedure), the remaining PRA Investor Incentive Payments from the HAMP program administrator are also accelerated. H and r block free tax filing . H and r block free tax filing 10 If, prior to completion of the Three-year Period, a mortgage loan ceases to be in good standing because of the HAMP-PRA borrower’s payment history, then the remaining PRA Forbearance Amount is not further reduced and is due when the HAMP-PRA borrower transfers the property, the HAMP-PRA borrower refinances, or otherwise pays off the Non-forbearance Portion of the mortgage loan, or the mortgage loan matures. H and r block free tax filing SECTION 3. H and r block free tax filing BACKGROUND—APPLICABLE PROVISIONS OF LAW . H and r block free tax filing 01 Under § 61 of the Internal Revenue Code, except as otherwise provided in subtitle A, gross income means all income from whatever source derived, including income from discharge of indebtedness. H and r block free tax filing See § 61(a)(12). H and r block free tax filing . H and r block free tax filing 02 Under § 1. H and r block free tax filing 1001-3 of the Income Tax Regulations, if a debt instrument undergoes a significant modification, then the modification results in an exchange of the original debt instrument for the modified debt instrument. H and r block free tax filing In general, an agreement to change a term of a debt instrument is a modification at the time the borrower and holder enter into the agreement, even if the change in term is not immediately effective. H and r block free tax filing However, if the change is conditioned on reasonable closing conditions, a modification occurs on the closing date of the agreement. H and r block free tax filing See § 1. H and r block free tax filing 1001-3(c)(6). H and r block free tax filing . H and r block free tax filing 03 Under § 108(e)(10), in the case of a debt-for-debt exchange (including a deemed exchange under § 1. H and r block free tax filing 1001-3), the borrower is treated as having satisfied the original debt instrument with an amount of money equal to the issue price of the new debt instrument. H and r block free tax filing If the amount of debt satisfied in this manner exceeds that issue price, the borrower realizes discharge of indebtedness income on the exchange. H and r block free tax filing See also § 1. H and r block free tax filing 61-12(c). H and r block free tax filing . H and r block free tax filing 04 The issue price of a non-publicly traded debt instrument issued for non-publicly traded property generally reflects the amount of principal that the borrower is required to pay to the holder of the instrument. H and r block free tax filing If a borrower has the ability to avoid paying certain amounts (including principal) without violating the terms of the instrument, the payment schedule for the instrument is generally determined based on an assumption that the borrower will avoid any requirement to make those payments. H and r block free tax filing See, e. H and r block free tax filing g. H and r block free tax filing , §§ 1. H and r block free tax filing 1272-1(c)(5) and 1. H and r block free tax filing 1274-2(d). H and r block free tax filing . H and r block free tax filing 05 Under § 108(a), gross income does not include any amount that but for § 108(a) would be includible in gross income by reason of the discharge (in whole or in part) of a taxpayer’s indebtedness if (1) the indebtedness discharged is qualified principal residence indebtedness that is discharged before January 1, 2014, or (2) the discharge occurs when the taxpayer is insolvent. H and r block free tax filing Section 108(a)(1)(E) and 108(a)(1)(B). H and r block free tax filing (Although § 108 contains other exclusions as well, this revenue procedure focuses on these two exclusions because they are the most likely to apply to the greatest number of HAMP-PRA borrowers. H and r block free tax filing ) . H and r block free tax filing 06 Under §§ 108(h) and 163(h)(3)(B), qualified principal residence indebtedness is any indebtedness that is incurred by a borrower to buy, build, or substantially improve the borrower’s principal residence and is secured by that residence. H and r block free tax filing . H and r block free tax filing 07 Qualified principal residence indebtedness also includes a loan secured by the borrower’s principal residence that refinances qualified principal residence indebtedness, but only to the extent of the amount of the refinanced indebtedness. H and r block free tax filing See §§ 108(h) and 163(h)(3)(B)(i). H and r block free tax filing . H and r block free tax filing 08 The maximum amount of discharged indebtedness that a borrower may exclude from gross income under the qualified principal residence indebtedness exclusion is $2,000,000 ($1,000,000 for a married individual filing a separate return). H and r block free tax filing Under § 108(h)(4), if only part of the discharged indebtedness is qualified principal residence indebtedness, then the exclusion applies only to the amount of the discharged indebtedness that exceeds the amount of the loan (determined immediately before the discharge) that is not qualified principal residence indebtedness. H and r block free tax filing . H and r block free tax filing 09 Under § 108(a)(3), the insolvency exclusion applies to the lesser of the amount of the debt discharged or the amount by which the taxpayer is insolvent immediately before the discharge. H and r block free tax filing . H and r block free tax filing 10 Section 108(d)(3) provides that, for purposes of the insolvency exclusion, a taxpayer is insolvent to the extent that the taxpayer’s total liabilities exceed the fair market value of all of the taxpayer’s assets immediately before the discharge of indebtedness. H and r block free tax filing Under § 108(a)(2)(C), the qualified principal residence indebtedness exclusion takes precedence over the insolvency exclusion when both exclusions apply to discharged indebtedness, unless the taxpayer elects to apply the insolvency exclusion. H and r block free tax filing . H and r block free tax filing 11 If an amount is excluded from gross income as a discharge of qualified principal residence indebtedness, the taxpayer must reduce the basis of the taxpayer’s principal residence. H and r block free tax filing See § 108(h)(1). H and r block free tax filing If a discharged amount is excluded from gross income because the taxpayer was insolvent when the discharge occurred, the taxpayer must reduce certain tax attributes (possibly including basis). H and r block free tax filing See § 108(b). H and r block free tax filing For further discussion of income from the discharge of indebtedness, the qualified principal residence indebtedness exclusion, the insolvency exclusion, and other exclusions from gross income that may apply, see Publication 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments (for Individuals). H and r block free tax filing . H and r block free tax filing 12 Taxpayers who exclude any discharged amounts from gross income report both the exclusion and the resulting reduction in basis or other tax attributes on Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment). H and r block free tax filing See Form 982 instructions and Publication 4681. H and r block free tax filing This form is to be filed with the tax return for the taxable year in which the amount is discharged but is excluded from gross income. H and r block free tax filing . H and r block free tax filing 13 Governmental payments made to or on behalf of individuals or other persons are included within the broad definition of gross income under § 61 unless an exception applies. H and r block free tax filing See Notice 2003-18, 2003-1 C. H and r block free tax filing B. H and r block free tax filing 699, and Rev. H and r block free tax filing Rul. H and r block free tax filing 79-356, 1979-2 C. H and r block free tax filing B. H and r block free tax filing 28. H and r block free tax filing However, if disbursements are made by a governmental unit to individuals in the interest of the general welfare (that is, are generally based on individual or family need) and the disbursements do not represent compensation for services, then the amounts disbursed are excluded from the income of the recipient (general welfare exclusion). H and r block free tax filing See Rev. H and r block free tax filing Rul. H and r block free tax filing 2005-46, 2005-2 C. H and r block free tax filing B. H and r block free tax filing 120, and Rev. H and r block free tax filing Rul. H and r block free tax filing 75-246, 1975-1 C. H and r block free tax filing B. H and r block free tax filing 24. H and r block free tax filing . H and r block free tax filing 14 Under § 451 and § 1. H and r block free tax filing 451-1(a), a taxpayer that uses the cash receipts and disbursements method of accounting includes income in gross income when the taxpayer actually or constructively receives the income. H and r block free tax filing . H and r block free tax filing 15 Section 6041 requires every person engaged in a trade or business (including the United States and its agencies) to (1) file an information return (Form 1099-MISC, Miscellaneous Income, is used for this purpose) for each calendar year in which the person makes, in the course of its trade or business, payments to another person of fixed or determinable income aggregating $600 or more, and (2) furnish a copy of the information return to that other person. H and r block free tax filing See § 6041(a) and (d) and § 1. H and r block free tax filing 6041-1(a)(1) and (b). H and r block free tax filing . H and r block free tax filing 16 Section 6050P requires applicable entities (including the United States and its agencies, financial entities, and any organization a significant trade or business of which is the lending of money) to (1) file an information return (Form 1099-C, Cancellation of Debt, is used for this purpose) for each calendar year in which it discharges indebtedness of another person of $600 or more, and (2) furnish a copy of the information return to that other person. H and r block free tax filing See § 6050P(a)-(c) and §§ 1. H and r block free tax filing 6050P-1(a) and 1. H and r block free tax filing 6050P-2(a) and (d). H and r block free tax filing . H and r block free tax filing 17 Section 6721 imposes penalties with respect to information returns required to be filed with the Service. H and r block free tax filing These penalties apply in the case of a failure to timely file an information return, a failure to include all required information on the return, or the inclusion of incorrect information on the return. H and r block free tax filing Section 6724(d)(1) includes Forms 1099-MISC and 1099-C in the term “information return. H and r block free tax filing ” . H and r block free tax filing 18 Section 6722 imposes penalties with respect to payee statements required to be furnished to payees. H and r block free tax filing These penalties apply in the case of a failure to timely furnish a payee statement, a failure to include all required information on the statement, or the inclusion of incorrect information on the payee statement. H and r block free tax filing Section 6724(d)(2) includes in the term “payee statement” copies of Forms 1099-MISC and 1099-C that are required to be furnished to taxpayers. H and r block free tax filing SECTION 4. H and r block free tax filing FEDERAL INCOME TAX TREATMENT . H and r block free tax filing 01 Because a HAMP modification with a PRA principal reduction is a significant modification, it results in a deemed debt-for-debt exchange in which the HAMP-PRA borrower satisfies the old mortgage loan by issuing a new one. H and r block free tax filing See § 1. H and r block free tax filing 1001-3. H and r block free tax filing At the time of the modification, therefore, under § 108 and this revenue procedure, the HAMP-PRA borrower realizes discharge of indebtedness income equal to any excess of the adjusted issue price of the old mortgage loan (which was satisfied in the deemed exchange) over the issue price of the new (post-modification) mortgage loan. H and r block free tax filing See also § 61(a)(12) and § 1. H and r block free tax filing 61-12(c). H and r block free tax filing . H and r block free tax filing 02 A HAMP-PRA borrower has the ability to avoid payment of the PRA Adjusted Forbearance Amount. H and r block free tax filing Because the HAMP-PRA borrower has this ability, that amount should not be taken into account in determining the issue price of the new mortgage loan. H and r block free tax filing Because the issue price of the new mortgage loan does not include the PRA Adjusted Forbearance Amount, the PRA Adjusted Forbearance Amount contributes to the excess of the adjusted issue price of the old mortgage loan (which was satisfied in the deemed exchange) over the issue price of the new mortgage loan. H and r block free tax filing . H and r block free tax filing 03 On the other hand, the investor has not given up its right to receive the remainder of the PRA Forbearance Amount, because the HAMP program administrator is expected to make those payments on the HAMP-PRA borrower’s behalf by making the PRA Investor Incentive Payments. H and r block free tax filing Because the remainder of the PRA Forbearance Amount is payable in this manner, that remainder is included in the issue price of the new mortgage loan. H and r block free tax filing . H and r block free tax filing 04 The Trial Period Conditions are reasonable closing conditions that must be satisfied before the changes to the terms of the mortgage loan become permanent. H and r block free tax filing Therefore, for purposes of § 1. H and r block free tax filing 1001-3, the date of the modification is the date of the permanent modification. H and r block free tax filing . H and r block free tax filing 05 Unless an exclusion applies, the HAMP-PRA borrower includes in gross income the discharge of indebtedness income described in section 4. H and r block free tax filing 01 of this revenue procedure for the taxable year in which the permanent modification occurs. H and r block free tax filing Under certain conditions, however, section 6 of this revenue procedure permits a borrower to report the discharge of indebtedness under HAMP-PRA over the Three-year Period. H and r block free tax filing The qualified principal residence indebtedness exclusion under § 108(a)(1)(E) and the insolvency exclusion under § 108(a)(1)(B) are two exclusions that may apply to the discharge. H and r block free tax filing . H and r block free tax filing 06 The PRA Investor Incentive Payment is treated as a payment on the mortgage loan by the HAMP program administrator on behalf of the HAMP-PRA borrower. H and r block free tax filing . H and r block free tax filing 07 To the extent that the HAMP-PRA borrower uses the property as the HAMP-PRA borrower’s principal residence or the property is occupied by the HAMP-PRA borrower’s legal dependent, parent, or grandparent without rent being charged or collected, the HAMP-PRA borrower excludes from his or her gross income under the general welfare exclusion the PRA Investor Incentive Payments that the HAMP program administrator makes to the investor in the mortgage loan. H and r block free tax filing This is consistent with Rev. H and r block free tax filing Rul. H and r block free tax filing 2009-19, 2009-28 I. H and r block free tax filing R. H and r block free tax filing B. H and r block free tax filing 111, which addressed the treatment of Pay-for-Performance Success Payments. H and r block free tax filing . H and r block free tax filing 08 To the extent that the HAMP-PRA borrower uses the property as a rental property or holds the property vacant and available for rent, the HAMP-PRA borrower includes PRA Investor Incentive Payments in gross income. H and r block free tax filing If the HAMP-PRA borrower uses the cash receipts and disbursements method of accounting, then the HAMP-PRA borrower includes a PRA Investor Incentive Payment in gross income in the taxable year in which it is applied as a payment on the HAMP-PRA borrower’s mortgage loan. H and r block free tax filing . H and r block free tax filing 09 As described in section 2. H and r block free tax filing 09 of this revenue procedure, if a HAMP-PRA borrower pays in full the Non-forbearance Portion of the mortgage loan while the loan is in good standing and prior to completion of the Three-year Period, that payment accelerates both the reduction in the remaining PRA Forbearance Amount and the PRA Investor Incentive Payments from the HAMP program administrator. H and r block free tax filing To the extent that the HAMP-PRA borrower is described in section 4. H and r block free tax filing 07 of this revenue procedure, the HAMP-PRA borrower excludes from his or her gross income under the general welfare exclusion the accelerated PRA Investor Incentive Payments. H and r block free tax filing To the extent that the HAMP-PRA borrower is described in section 4. H and r block free tax filing 08 of this revenue procedure, the HAMP-PRA borrower includes in income in the year of the acceleration the remaining amount of the PRA Investor Incentive Payment. H and r block free tax filing SECTION 5. H and r block free tax filing INFORMATION-REPORTING OBLIGATIONS . H and r block free tax filing 01 Under § 6050P, the investor is required to file a Form 1099-C with respect to a borrower who realizes discharge of indebtedness of $600 or more. H and r block free tax filing A copy of this form is required to be furnished to the borrower. H and r block free tax filing . H and r block free tax filing 02 As stated in sections 4. H and r block free tax filing 01 and 4. H and r block free tax filing 04 of this revenue procedure, the HAMP-PRA discharge of indebtedness is realized at the time of the permanent modification of the mortgage loan. H and r block free tax filing . H and r block free tax filing 03 An investor is an applicable entity that is required under § 1. H and r block free tax filing 6050P-1 and this revenue procedure to issue a Form 1099-C for discharge of indebtedness. H and r block free tax filing Under § 1. H and r block free tax filing 6050P-1(b)(2)(F), the permanent modification of a mortgage loan is an identifiable event. H and r block free tax filing Identifiable events determine when Forms 1099-C have to be issued. H and r block free tax filing Thus, the Form 1099-C is issued for the calendar year in which the permanent mortgage loan modification occurs. H and r block free tax filing This rule under § 1. H and r block free tax filing 6050P-1(b)(2)(F) applies even if, under section 6 of this revenue procedure, the HAMP-PRA borrower chooses to treat the HAMP-PRA discharge as being realized at the times when the unpaid principal balance of the new mortgage loan is reduced. H and r block free tax filing . H and r block free tax filing 04 The investor (or the loan servicer acting on behalf of the investor) reports the full amount of the discharge on the Form 1099-C regardless of whether some or all of the amount is excludible from income under the qualified principal residence indebtedness exclusion, the insolvency exclusion, or any other exclusion that may apply. H and r block free tax filing That discharged amount will generally be the PRA Adjusted Forbearance Amount (which does not include the amounts expected to be satisfied by PRA Investor Incentive Payments). H and r block free tax filing . H and r block free tax filing 05 To the extent that PRA Investor Incentive Payments are made on behalf of a HAMP-PRA borrower who is described in section 4. H and r block free tax filing 07 of this revenue procedure, the PRA Investor Incentive Payments are excluded from the gross income of the HAMP-PRA borrower, and thus they are not fixed or determinable income to the HAMP-PRA borrower. H and r block free tax filing Under § 6041, these payments are not subject to information reporting. H and r block free tax filing See Notice 2011-14, 2011-11 I. H and r block free tax filing R. H and r block free tax filing B. H and r block free tax filing 544, 546. H and r block free tax filing . H and r block free tax filing 06 To the extent that PRA Investor Incentive Payments are made on behalf of a HAMP-PRA borrower who is described in section 4. H and r block free tax filing 08 of this revenue procedure, the PRA Investor Incentive Payments are includible in gross income as fixed or determinable income in the taxable year required by the HAMP-PRA borrower’s method of accounting. H and r block free tax filing The payment is subject to the information reporting requirements of § 6041, as described in section 3. H and r block free tax filing 15 of this revenue procedure. H and r block free tax filing Accordingly, the HAMP program administrator is required to issue a Form 1099-MISC reporting the PRA Investor Incentive Payment. H and r block free tax filing SECTION 6. H and r block free tax filing HAMP-PRA BORROWERS’ REPORTING OF DISCHARGES OF INDEBTEDNESS UNDER HAMP-PRA . H and r block free tax filing 01 In general. H and r block free tax filing The HAMP-PRA program began in the last quarter of 2010, and since that time there has been uncertainty about whether the amount of the discharge of indebtedness should be reported in the year of the permanent modification or over the Three-year Period (when the unpaid principal balance on the new mortgage loan is reduced). H and r block free tax filing As a result, some HAMP-PRA borrowers have been reporting the discharge of indebtedness under HAMP-PRA over the Three-year Period. H and r block free tax filing Given the temporary nature of the program and the issuance of this guidance after participation in the program has begun, in the interests of equitable and sound tax administration, HAMP-PRA borrowers may report discharges of indebtedness under HAMP-PRA under the rules in this section 6. H and r block free tax filing A HAMP-PRA borrower may choose to report discharges of indebtedness under HAMP-PRA pursuant to the rules in this section 6 only if the borrower applies the same borrower option under section 6. H and r block free tax filing 02 of this revenue procedure consistently to the taxable year of the permanent modification and to all subsequent taxable years. H and r block free tax filing Thus, a HAMP-PRA borrower may not choose a borrower option under section 6. H and r block free tax filing 02 of this revenue procedure if a statute of limitations has expired for any of the taxable years that are necessary for consistent application of that option. H and r block free tax filing . H and r block free tax filing 02 HAMP-PRA borrower options. H and r block free tax filing A HAMP-PRA borrower may treat the HAMP-PRA discharge as being realized in either of the following ways— (1) One hundred percent of the PRA Adjusted Forbearance Amount at the time of the permanent modification; or (2) One third of the PRA Adjusted Forbearance Amount on each of the first three annual anniversaries of the trial period plan effective date (described in section 2. H and r block free tax filing 06 of this revenue procedure), when, as required by the terms of the new mortgage loan, the servicer reduces the unpaid principal balance of the new mortgage loan. H and r block free tax filing If some or all of the reduction in the unpaid principal balance is accelerated (as described in section 2. H and r block free tax filing 06 of this revenue procedure) because the HAMP-PRA borrower prepays the Non-forbearance Portion of the mortgage loan, then the HAMP-PRA discharge represented by the amount of the reduction that was accelerated is treated as being realized at the time of the accelerated reduction. H and r block free tax filing . H and r block free tax filing 03 HAMP-PRA borrowers who choose to realize the HAMP-PRA discharge at the time of the permanent modification. H and r block free tax filing (1) If a HAMP-PRA borrower chooses to treat the HAMP-PRA discharge as being realized at the time of the permanent modification, then for the taxable year in which the permanent modification occurs, the HAMP-PRA borrower reports on Form 982 the amount, if any, of the discharge that is excluded from gross income and includes in gross income any remaining discharge. H and r block free tax filing (2) If a HAMP-PRA borrower’s mortgage loan was permanently modified under HAMP in 2010 or 2011, and if the borrower was reporting the discharge of indebtedness using the method described in section 6. H and r block free tax filing 02(2) of this revenue procedure, then the borrower may change to reporting the discharge of indebtedness using the method described in section 6. H and r block free tax filing 02(1) of this revenue procedure by filing a 2012 Form 982 with the borrower’s timely filed (with extensions) 2012 income tax return. H and r block free tax filing This section 6. H and r block free tax filing 03(2) applies only if the change to reporting the discharge using the method described in section 6. H and r block free tax filing 02(1) of this revenue procedure does not change the borrower’s federal income tax liability (including any change in federal income tax liability due to a change in basis or tax attributes (under § 108(h)(1) or § 108(b))) for any taxable year prior to the borrower’s 2012 taxable year. H and r block free tax filing To make this change, the borrower must— (i) Compute the amount of discharge of indebtedness that would be included in income under § 61(a)(12) or excluded from gross income under § 108, basing the computation of the discharge on the facts as of the year of the permanent modification; and (ii) Report on a 2012 Form 982 the reduction in basis or tax attributes (under § 108(h)(1) or § 108(b)) due to the permanent modification that the borrower would have reported on the Form 982 for the taxable year of the permanent modification, minus any reductions due to the permanent modification that the borrower actually reported on Forms 982 for taxable years prior to 2012. H and r block free tax filing (3) Example. H and r block free tax filing The following example illustrates the application of section 6. H and r block free tax filing 03(2) of this revenue procedure. H and r block free tax filing In 2010, B’s basis in B’s principal residence was $330,000. H and r block free tax filing In 2010, B’s mortgage loan on the principal residence is permanently modified under HAMP-PRA. H and r block free tax filing B realized $30,000 of cancellation of indebtedness from the permanent modification, all of which qualifies for the exclusion from income for qualified principal residence indebtedness under § 108(a)(1)(E). H and r block free tax filing The trial period plan effective date also fell in 2010. H and r block free tax filing B’s federal income tax return for 2010 was consistent with B’s reporting this discharge of indebtedness using the method described in section 6. H and r block free tax filing 02(2) of this revenue procedure. H and r block free tax filing That is, B’s 2010 return did not include income from discharge of indebtedness under HAMP-PRA, nor did the return contain a Form 982 reporting exclusion of any such discharge of indebtedness. H and r block free tax filing The next year, B reported on line 10(b) of the 2011 Form 982 that B filed with B’s 2011 federal income tax return a $10,000 reduction in basis in the principal residence. H and r block free tax filing For 2012, B chooses to change to reporting the discharge of indebtedness using the method described in section 6. H and r block free tax filing 02(1) of this revenue procedure. H and r block free tax filing Thus, B files a 2012 Form 982 with B’s timely filed (including extensions) 2012 federal income tax return, and on line 10(b) of that form, B reports a $20,000 basis reduction in the principal residence ($30,000 basis reduction that B would have excluded from income in 2010 using the method described in section 6. H and r block free tax filing 02(1) of this revenue procedure, minus the $10,000 basis reduction that B reported on B’s 2011 Form 982). H and r block free tax filing (4) If a HAMP-PRA borrower reports the entire HAMP-PRA discharge using the method described in section 6. H and r block free tax filing 02(1) of this revenue procedure, and if that HAMP-PRA borrower’s mortgage loan ceases to be in good standing during the Three-year Period as described in section 2. H and r block free tax filing 10 of this revenue procedure, then some or all of the anticipated reductions in the PRA Adjusted Forbearance Amount will not take place. H and r block free tax filing Because the amount of these anticipated reductions was not included in determining the issue price of the new mortgage loan that, pursuant to § 1. H and r block free tax filing 1001-3, the HAMP-PRA borrower is deemed to issue in satisfaction of the old mortgage loan, the issue price of the new mortgage loan was understated. H and r block free tax filing Under these circumstances, the discharge of indebtedness income determined as of the date of the permanent modification will have been overstated. H and r block free tax filing (5) The Service will not challenge a HAMP-PRA borrower who is described in section 6. H and r block free tax filing 03(4) of this revenue procedure and who takes the following corrective measures: (i) If a HAMP-PRA borrower included any of the discharge of indebtedness in gross income, the HAMP-PRA borrower may file an amended return that does not include the amount of the discharge of indebtedness that was previously reported as gross income but that, because of the HAMP-PRA borrower’s failure to keep the new mortgage loan in good standing, was not ultimately discharged. H and r block free tax filing The amended return should be for the taxable year in which the income was included (that is, the year of the permanent modification), provided the applicable statute of limitations remains open for that taxable year. H and r block free tax filing (ii) If the HAMP-PRA borrower did not include any of the discharge of indebtedness in gross income (that is, if the HAMP-PRA borrower excluded all of it), the HAMP-PRA borrower may file a new Form 982 that the Service will treat as superseding the earlier Form 982. H and r block free tax filing The new Form 982 will reflect the revised reduction in basis or in tax attributes (under § 108(h)(1) or § 108(b)). H and r block free tax filing The new Form 982 should be the Form 982 for the year of the permanent modification and should be filed with the return for the taxable year in which the HAMP-PRA borrower’s mortgage loan ceased to be in good standing. H and r block free tax filing . H and r block free tax filing 04 HAMP-PRA borrowers who choose to treat the HAMP-PRA discharge as being realized on the dates on which the unpaid principal balance of the mortgage loan is reduced. H and r block free tax filing (1) If a HAMP-PRA borrower chooses to realize the HAMP-PRA discharge at the times that the unpaid principal balance on the new mortgage loan is reduced, instead of at the time of the permanent modification, then the HAMP-PRA borrower’s federal income tax returns for the taxable year that contains the permanent modification and for the subsequent taxable years must not treat any of the discharge as being realized at the time of the permanent modification and must treat the entire HAMP-PRA discharge as being realized in the amounts—and at the times—of the reductions in the unpaid principal balance. H and r block free tax filing Except as described in the last sentence of this paragraph, therefore, the income tax return for the year of the permanent modification must include no gross income from—nor report on Form 982 an exclusion of—any amount of the HAMP-PRA discharge. H and r block free tax filing Instead, the HAMP-PRA discharge is included in gross income (or is reported on Form 982 as excluded from gross income) in the subsequent years in which the unpaid principal balance is reduced. H and r block free tax filing If the first such reduction occurs in the year of the permanent modification, however, then the amount of any such reduction is reflected as an inclusion or exclusion on the federal income tax return for that year. H and r block free tax filing (2) A HAMP-PRA borrower who has been using the method described in section 6. H and r block free tax filing 02(1) of this revenue procedure may change to the method described in section 6. H and r block free tax filing 02(2) but must comply with the consistency and open-year requirements described in section 6. H and r block free tax filing 01 of this revenue procedure. H and r block free tax filing SECTION 7. H and r block free tax filing PENALTY RELIEF FOR 2012 . H and r block free tax filing 01 The Service will not assert penalties under § 6721 or § 6722 against an investor for failing to timely file and furnish a 2012 Form 1099-C as required by section 5. H and r block free tax filing 03 through 5. H and r block free tax filing 04 and section 8. H and r block free tax filing 02 of this revenue procedure with respect to discharge of indebtedness resulting from HAMP-PRA permanent modifications that take place during calendar year 2012 if the following requirements are satisfied: (1) Not later than February 28, 2013, a statement is sent to the HAMP-PRA borrower containing the following: (a) The HAMP-PRA borrower’s name, address, and taxpayer identification number; and (b) The date and amount of the discharge of indebtedness (as described in sections 4. H and r block free tax filing 01 through 4. H and r block free tax filing 04 of this revenue procedure) that is required to be reported for 2012. H and r block free tax filing (2) Not later than March 28, 2013, a statement is sent to the Service. H and r block free tax filing It must be in the form of a single statement that separately lists for each HAMP-PRA borrower the information specified in section 7. H and r block free tax filing 01(1) of this revenue procedure. H and r block free tax filing The statement should be sent to the Service at the following address: Internal Revenue Service Center Stop 6728AUSC Austin, TX 73301 . H and r block free tax filing 02 The Service will not assert penalties under § 6721 or § 6722 with respect to any Forms 1099-MISC for 2012 that sections 5. H and r block free tax filing 06 and 8. H and r block free tax filing 02 of this revenue procedure require to be filed with the Service and furnished to taxpayers. H and r block free tax filing . H and r block free tax filing 03 Section 8. H and r block free tax filing 03 and 8. H and r block free tax filing 04 of this revenue procedure, below, describes penalty relief regarding Forms 1099-C and 1099-MISC for 2010 and 2011. H and r block free tax filing SECTION 8. H and r block free tax filing SCOPE AND EFFECTIVE DATE . H and r block free tax filing 01 This revenue procedure applies to all borrowers, investors, and servicers who participate, or have participated, in the HAMP-PRA, regardless of when the permanent modification occurs. H and r block free tax filing . H and r block free tax filing 02 Section 5 of this revenue procedure is effective for Forms 1099-C and 1099-MISC due or filed after January 24, 2013. H and r block free tax filing . H and r block free tax filing 03 Because of the effective date in section 8. H and r block free tax filing 02 of this revenue procedure, an investor is not subject to penalties under § 6721 or § 6722 on the grounds that the investor failed to timely file and furnish a 2010 or 2011 Form 1099-C as described in section 5. H and r block free tax filing 03 through 5. H and r block free tax filing 04 of this revenue procedure (or on the grounds that the investor filed or furnished a 2010 or 2011 Form 1099-C that is inconsistent with section 5. H and r block free tax filing 03 through 5. H and r block free tax filing 04 of this revenue procedure), provided that the investor demonstrates a good faith attempt to comply with the requirements of § 6050P and that the failure was not due to willful neglect. H and r block free tax filing . H and r block free tax filing 04 Because of the effective date in section 8. H and r block free tax filing 02 of this revenue procedure, the Service will not assert penalties under § 6721 or § 6722 on the grounds of a failure to timely file and furnish a 2010 or 2011 Form 1099-MISC, as described in section 5. H and r block free tax filing 06 of this revenue procedure. H and r block free tax filing SECTION 9. H and r block free tax filing DRAFTING INFORMATION The principal authors of this revenue procedure are Ronald J. H and r block free tax filing Goldstein of the Office of Chief Counsel (Procedure and Administration); Shareen S. H and r block free tax filing Pflanz and Sheldon A. H and r block free tax filing Iskow of the Office of Chief Counsel (Income Tax and Accounting); and Andrea M. H and r block free tax filing Hoffenson of the Office of Chief Counsel (Financial Institutions and Products). H and r block free tax filing For further information regarding this revenue procedure, contact Procedure and Administration branch 1 at (202) 622-4910, Income Tax and Accounting branch 4 at (202) 622-4920, or Financial Institutions and Products branch 1 at (202) 622-3920 (not toll-free calls). H and r block free tax filing Prev  Up  Next   Home   More Internal Revenue Bulletins
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Understanding Your CP286 Notice

We send this notice when we approve Form 8716, Election To Have a Tax Year Other Than a Required Tax Year.


What you need to do


You may want to


Answers to Common Questions

What should I do if I want to change my tax year for Form 1065 or Form 1120S to a calendar year filing?
File a final Form 8752, which will terminate your section 444 election. If you have a credit on your account, you must file a final Form 8752 for us to refund the payments to you. You must also file a short period business income tax return with your final Form 8752 (Form 1065 or Form 1120S) ending December 31.

Do I need to file Form 8752 when I don’t owe a payment?
Yes. You must file Form 8752 each year the section 444 election is in effect, even if no payment is due.

What if I am no longer required to file a Form 1065 or Form 1120S? Do I need to ask the IRS to terminate my election?
Yes. You must send a final Form 1065 or Form 1120S, along with a final Form 8752.

Are there any consequences if I don’t file Form 8752 or send in my payment when I file?
Failure to file or failure to pay will result in the termination of your fiscal year election.


Understanding your notice

Your notice may look different from the sample because the information contained in your notice is tailored to your situation.

Notice CP286, Page 1

 

Page Last Reviewed or Updated: 14-Jan-2014

Printable samples of this notice (PDF)

 

 

How to get help

  • Call the 1-800 number listed on the top right corner of your notice.
  • Authorize someone (e.g., accountant) to contact the IRS on your behalf using Form 2848.
  • See if you qualify for help from a Low Income Taxpayer Clinic.
     

The H And R Block Free Tax Filing

H and r block free tax filing 5. H and r block free tax filing   Illustrated Examples Table of Contents Illustrated Example of Form 4563Line 1. H and r block free tax filing Line 2. H and r block free tax filing Lines 3a and 3b. H and r block free tax filing Lines 4a and 4b. H and r block free tax filing Line 5. H and r block free tax filing Line 6. H and r block free tax filing Line 7. H and r block free tax filing Line 9. H and r block free tax filing Line 15. H and r block free tax filing Illustrated Example of Form 5074Part I. H and r block free tax filing Part II. H and r block free tax filing Part III. H and r block free tax filing Illustrated Example of Form 8689Part I. H and r block free tax filing Part II. H and r block free tax filing Part III. H and r block free tax filing Part IV. H and r block free tax filing Use the following examples to help you complete the correct attachment to your Form 1040. H and r block free tax filing The completed form for each example is shown on the pages that follow. H and r block free tax filing Illustrated Example of Form 4563 John Black is a U. H and r block free tax filing S. H and r block free tax filing citizen, single, and under 65. H and r block free tax filing He was a bona fide resident of American Samoa during all of 2013. H and r block free tax filing John must file Form 1040 because his gross income from sources outside the possessions ($10,000 of dividends from U. H and r block free tax filing S. H and r block free tax filing corporations) is more than his adjusted filing requirement for single filers under 65. H and r block free tax filing (See Filing Requirement if Possession Income Is Excluded in chapter 4. H and r block free tax filing ) Because he must file Form 1040 (not illustrated), he fills out Form 4563 to determine the amount of income from American Samoa he can exclude. H and r block free tax filing See Bona Fide Resident of American Samoa in chapter 3. H and r block free tax filing Completing Form 4563. H and r block free tax filing   John enters his name and social security number at the top of the form. H and r block free tax filing Line 1. H and r block free tax filing   On Form 4563 (see later), John enters the date his bona fide residence began in American Samoa, June 2, 2012. H and r block free tax filing Because he is still a bona fide resident, he enters “not ended” in the second blank space. H and r block free tax filing Line 2. H and r block free tax filing   He checks the box labeled “Rented house or apartment” to describe his type of living quarters in American Samoa. H and r block free tax filing Lines 3a and 3b. H and r block free tax filing   He checks “No” on line 3a because no family members lived with him. H and r block free tax filing He leaves line 3b blank. H and r block free tax filing Lines 4a and 4b. H and r block free tax filing   He checks “No” on line 4a because he did not maintain a home outside American Samoa. H and r block free tax filing He leaves line 4b blank. H and r block free tax filing Line 5. H and r block free tax filing   He enters the name and address of his employer, Samoa Products Co. H and r block free tax filing It is a private American Samoa corporation. H and r block free tax filing Line 6. H and r block free tax filing   He enters the dates of his 2-week vacation to New Zealand from November 11 to November 25. H and r block free tax filing That was his only trip outside American Samoa during the year. H and r block free tax filing Line 7. H and r block free tax filing   He enters the $24,000 in wages he received from Samoa Products Co. H and r block free tax filing Line 9. H and r block free tax filing   He received $220 in dividends from an American Samoa corporation, which he enters here. H and r block free tax filing He also received $10,000 of dividends from a U. H and r block free tax filing S. H and r block free tax filing corporation, but he will enter that amount only on his Form 1040 because the U. H and r block free tax filing S. H and r block free tax filing dividends do not qualify for the possession exclusion. H and r block free tax filing Line 15. H and r block free tax filing   John totals the amounts on lines 7 and 9 to get the amount he can exclude from his gross income in 2013. H and r block free tax filing He will not enter his excluded income on Form 1040. H and r block free tax filing However, he will attach his completed Form 4563 to his Form 1040. H and r block free tax filing Illustrated Example of Form 5074 Tracy Grey is a U. H and r block free tax filing S. H and r block free tax filing citizen who is a self-employed fisheries consultant with a tax home in New York. H and r block free tax filing Her only income for 2013 was net self-employment income of $80,000. H and r block free tax filing Of the $80,000, $20,000 was from consulting work in Guam and the rest was earned in the United States. H and r block free tax filing Thinking she would owe tax to Guam on the $20,000, Tracy made estimated tax payments of $1,409 to Guam. H and r block free tax filing She was not a bona fide resident of Guam during 2013. H and r block free tax filing Tracy completes Form 1040 (not illustrated), reporting her worldwide income. H and r block free tax filing Because the adjusted gross income on her Form 1040 was $50,000 or more and at least $5,000 of her gross income is from Guam, Tracy must file Form 5074 with her Form 1040. H and r block free tax filing All amounts reported on Form 5074 are also reported on her Form 1040. H and r block free tax filing See U. H and r block free tax filing S. H and r block free tax filing Citizen or Resident Alien (Other Than a Bona Fide Resident of Guam) in chapter 3. H and r block free tax filing Completing Form 5074. H and r block free tax filing   Tracy enters her name and social security number at the top of the form. H and r block free tax filing Part I. H and r block free tax filing   On Form 5074 (see later), Tracy enters her self-employment income from Guam ($20,000) on line 6. H and r block free tax filing She has no other income from Guam, so the total on line 16 is $20,000. H and r block free tax filing Part II. H and r block free tax filing   Tracy's only adjustment in Part II is the deductible part of the self-employment tax on her net income earned in Guam. H and r block free tax filing She enters $1,413 on line 21 and line 28. H and r block free tax filing Her adjusted gross income on line 29 is $18,587. H and r block free tax filing Part III. H and r block free tax filing   Tracy made estimated tax payments of $1,409. H and r block free tax filing She enters this amount on line 30, and again on line 34 as the total payments. H and r block free tax filing Illustrated Example of Form 8689 Juan and Carla Moreno live and work in the United States. H and r block free tax filing In 2013, they received $14,400 in income from the rental of a condominium they own in the U. H and r block free tax filing S. H and r block free tax filing Virgin Islands (USVI). H and r block free tax filing The rental income was deposited in a bank in the USVI and they received $500 of interest on this income. H and r block free tax filing They were not bona fide residents of the USVI during the entire tax year. H and r block free tax filing The Morenos complete Form 1040 (not illustrated), reporting their income from all sources, including their interest income and the income and expenses from their USVI rental property (reported on Schedule E (Form 1040)). H and r block free tax filing The Morenos take the standard deduction for married filing jointly, both are under 65, and they have no dependents. H and r block free tax filing The Morenos also complete Form 8689 to determine how much of their U. H and r block free tax filing S. H and r block free tax filing tax shown on Form 1040, line 61 (with certain adjustments), must be paid to the U. H and r block free tax filing S. H and r block free tax filing Virgin Islands. H and r block free tax filing See U. H and r block free tax filing S. H and r block free tax filing Citizen or Resident Alien (Other Than a Bona Fide Resident of the USVI) in chapter 3. H and r block free tax filing The Morenos file their Form 1040, attaching Form 8689 and all other schedules, with the Internal Revenue Service. H and r block free tax filing At the same time, they send a copy of their Form 1040 with all attachments, including Form 8689, to the Virgin Islands Bureau of Internal Revenue. H and r block free tax filing The Virgin Islands Bureau of Internal Revenue will process this copy. H and r block free tax filing Completing Form 8689. H and r block free tax filing   Juan and Carla enter their names and Juan's social security number at the top of the form. H and r block free tax filing Part I. H and r block free tax filing   The Morenos enter their income from the USVI in Part I (see later). H and r block free tax filing The interest income is entered on line 2 and the net rental income of $6,200 ($14,400 of rental income minus $8,200 of rental expenses) is entered on line 11. H and r block free tax filing The Morenos' total USVI income of $6,700 is entered on line 16. H and r block free tax filing Part II. H and r block free tax filing   The Morenos have no adjustments to their USVI income, so they enter zero (-0-) on line 28, and $6,700 on line 29. H and r block free tax filing Their USVI adjusted gross income (AGI) is $6,700. H and r block free tax filing Part III. H and r block free tax filing   On line 30, the Morenos enter the amount from Form 1040, line 61 ($4,539). H and r block free tax filing Their Form 1040 does not show any entries required on line 31, so they leave that line blank and enter $4,539 on line 32. H and r block free tax filing   The Morenos enter their worldwide AGI, $54,901 (Form 1040, line 38), on line 33. H and r block free tax filing Next, they find what percentage of their AGI is from USVI sources ($6,700 ÷ $54,901 = 0. H and r block free tax filing 122) and enter that as a decimal on line 34. H and r block free tax filing They then apply that percentage to the U. H and r block free tax filing S. H and r block free tax filing tax entered on line 32 to find the amount of U. H and r block free tax filing S. H and r block free tax filing tax allocated to USVI income ($4,539 x 0. H and r block free tax filing 122 = $554), and enter that amount on line 35. H and r block free tax filing Part IV. H and r block free tax filing   Part IV is used to show payments of income tax to the USVI only. H and r block free tax filing The Morenos had no tax withheld by the U. H and r block free tax filing S. H and r block free tax filing Virgin Islands, but made estimated tax payments to the USVI of $400, which they entered on lines 37 and 39. H and r block free tax filing They include this amount ($400) in the total payments on Form 1040, line 72. H and r block free tax filing On the dotted line next to the entry space for line 72, they enter “Form 8689” and show the amount. H and r block free tax filing The Morenos do not complete Form 1116 because they receive credit on Form 1040, line 72, for the tax paid to the USVI. H and r block free tax filing   The income tax they owe to the USVI ($154) is shown on Form 8689, line 44. H and r block free tax filing They enter this amount on line 45. H and r block free tax filing They also include this additional amount ($154) on the dotted line next to the entry space and in the total on Form 1040, line 72. H and r block free tax filing The Morenos will pay their USVI tax at the same time they file the copy of their U. H and r block free tax filing S. H and r block free tax filing income tax return with the U. H and r block free tax filing S. H and r block free tax filing Virgin Islands. H and r block free tax filing This image is too large to be displayed in the current screen. H and r block free tax filing Please click the link to view the image. H and r block free tax filing Form 4563, page 1 for John Black This image is too large to be displayed in the current screen. H and r block free tax filing Please click the link to view the image. H and r block free tax filing Form 5074, for Tracy Grey This image is too large to be displayed in the current screen. H and r block free tax filing Please click the link to view the image. H and r block free tax filing Form 8689, page 1 for Juan and Carla Moreno Prev  Up  Next   Home   More Online Publications