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H&r Block Free File 2011

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H&r Block Free File 2011

H&r block free file 2011 9. H&r block free file 2011   Depletion Table of Contents Introduction Topics - This chapter discusses: Who Can Claim Depletion? Mineral PropertyCost Depletion Percentage Depletion Oil and Gas Wells Mines and Geothermal Deposits Lessor's Gross Income TimberTimber units. H&r block free file 2011 Depletion unit. H&r block free file 2011 Introduction Depletion is the using up of natural resources by mining, drilling, quarrying stone, or cutting timber. H&r block free file 2011 The depletion deduction allows an owner or operator to account for the reduction of a product's reserves. H&r block free file 2011 There are two ways of figuring depletion: cost depletion and percentage depletion. H&r block free file 2011 For mineral property, you generally must use the method that gives you the larger deduction. H&r block free file 2011 For standing timber, you must use cost depletion. H&r block free file 2011 Topics - This chapter discusses: Who can claim depletion Mineral property Timber Who Can Claim Depletion? If you have an economic interest in mineral property or standing timber, you can take a deduction for depletion. H&r block free file 2011 More than one person can have an economic interest in the same mineral deposit or timber. H&r block free file 2011 In the case of leased property, the depletion deduction is divided between the lessor and the lessee. H&r block free file 2011 You have an economic interest if both the following apply. H&r block free file 2011 You have acquired by investment any interest in mineral deposits or standing timber. H&r block free file 2011 You have a legal right to income from the extraction of the mineral or cutting of the timber to which you must look for a return of your capital investment. H&r block free file 2011 A contractual relationship that allows you an economic or monetary advantage from products of the mineral deposit or standing timber is not, in itself, an economic interest. H&r block free file 2011 A production payment carved out of, or retained on the sale of, mineral property is not an economic interest. H&r block free file 2011 Individuals, corporations, estates, and trusts who claim depletion deductions may be liable for alternative minimum tax. H&r block free file 2011 Basis adjustment for depletion. H&r block free file 2011   You must reduce the basis of your property by the depletion allowed or allowable, whichever is greater. H&r block free file 2011 Mineral Property Mineral property includes oil and gas wells, mines, and other natural deposits (including geothermal deposits). H&r block free file 2011 For this purpose, the term “property” means each separate interest you own in each mineral deposit in each separate tract or parcel of land. H&r block free file 2011 You can treat two or more separate interests as one property or as separate properties. H&r block free file 2011 See section 614 of the Internal Revenue Code and the related regulations for rules on how to treat separate mineral interests. H&r block free file 2011 There are two ways of figuring depletion on mineral property. H&r block free file 2011 Cost depletion. H&r block free file 2011 Percentage depletion. H&r block free file 2011 Generally, you must use the method that gives you the larger deduction. H&r block free file 2011 However, unless you are an independent producer or royalty owner, you generally cannot use percentage depletion for oil and gas wells. H&r block free file 2011 See Oil and Gas Wells , later. H&r block free file 2011 Cost Depletion To figure cost depletion you must first determine the following. H&r block free file 2011 The property's basis for depletion. H&r block free file 2011 The total recoverable units of mineral in the property's natural deposit. H&r block free file 2011 The number of units of mineral sold during the tax year. H&r block free file 2011 Basis for depletion. H&r block free file 2011   To figure the property's basis for depletion, subtract all the following from the property's adjusted basis. H&r block free file 2011 Amounts recoverable through: Depreciation deductions, Deferred expenses (including deferred exploration and development costs), and Deductions other than depletion. H&r block free file 2011 The residual value of land and improvements at the end of operations. H&r block free file 2011 The cost or value of land acquired for purposes other than mineral production. H&r block free file 2011 Adjusted basis. H&r block free file 2011   The adjusted basis of your property is your original cost or other basis, plus certain additions and improvements, and minus certain deductions such as depletion allowed or allowable and casualty losses. H&r block free file 2011 Your adjusted basis can never be less than zero. H&r block free file 2011 See Publication 551, Basis of Assets, for more information on adjusted basis. H&r block free file 2011 Total recoverable units. H&r block free file 2011   The total recoverable units is the sum of the following. H&r block free file 2011 The number of units of mineral remaining at the end of the year (including units recovered but not sold). H&r block free file 2011 The number of units of mineral sold during the tax year (determined under your method of accounting, as explained next). H&r block free file 2011   You must estimate or determine recoverable units (tons, pounds, ounces, barrels, thousands of cubic feet, or other measure) of mineral products using the current industry method and the most accurate and reliable information you can obtain. H&r block free file 2011 You must include ores and minerals that are developed, in sight, blocked out, or assured. H&r block free file 2011 You must also include probable or prospective ores or minerals that are believed to exist based on good evidence. H&r block free file 2011 But see Elective safe harbor for owners of oil and gas property , later. H&r block free file 2011 Number of units sold. H&r block free file 2011   You determine the number of units sold during the tax year based on your method of accounting. H&r block free file 2011 Use the following table to make this determination. H&r block free file 2011    IF you  use . H&r block free file 2011 . H&r block free file 2011 . H&r block free file 2011 THEN the units sold during the year are . H&r block free file 2011 . H&r block free file 2011 . H&r block free file 2011 The cash method of accounting The units sold for which you receive payment during the tax year (regardless of the year of sale). H&r block free file 2011 An accrual method of accounting The units sold based on your inventories and method of accounting for inventory. H&r block free file 2011   The number of units sold during the tax year does not include any for which depletion deductions were allowed or allowable in earlier years. H&r block free file 2011 Figuring the cost depletion deduction. H&r block free file 2011   Once you have figured your property's basis for depletion, the total recoverable units, and the number of units sold during the tax year, you can figure your cost depletion deduction by taking the following steps. H&r block free file 2011 Step Action Result 1 Divide your property's basis for depletion by total recoverable units. H&r block free file 2011 Rate per unit. H&r block free file 2011 2 Multiply the rate per unit by units sold during the tax year. H&r block free file 2011 Cost depletion deduction. H&r block free file 2011 You must keep accounts for the depletion of each property and adjust these accounts each year for units sold and depletion claimed. H&r block free file 2011 Elective safe harbor for owners of oil and gas property. H&r block free file 2011   Instead of using the method described earlier to determine the total recoverable units, you can use an elective safe harbor. H&r block free file 2011 If you choose the elective safe harbor, the total recoverable units equal 105% of a property's proven reserves (both developed and undeveloped). H&r block free file 2011 For details, see Revenue Procedure 2004-19 on page 563 of Internal Revenue Bulletin 2004-10, available at www. H&r block free file 2011 irs. H&r block free file 2011 gov/pub/irs-irbs/irb04-10. H&r block free file 2011 pdf. H&r block free file 2011   To make the election, attach a statement to your timely filed (including extensions) original return for the first tax year for which the safe harbor is elected. H&r block free file 2011 The statement must indicate that you are electing the safe harbor provided by Revenue Procedure 2004-19. H&r block free file 2011 The election, if made, is effective for the tax year in which it is made and all later years. H&r block free file 2011 It cannot be revoked for the tax year in which it is elected, but may be revoked in a later year. H&r block free file 2011 Once revoked, it cannot be re-elected for the next 5 years. H&r block free file 2011 Percentage Depletion To figure percentage depletion, you multiply a certain percentage, specified for each mineral, by your gross income from the property during the tax year. H&r block free file 2011 The rates to be used and other rules for oil and gas wells are discussed later under Independent Producers and Royalty Owners and under Natural Gas Wells . H&r block free file 2011 Rates and other rules for percentage depletion of other specific minerals are found later in Mines and Geothermal Deposits . H&r block free file 2011 Gross income. H&r block free file 2011   When figuring percentage depletion, subtract from your gross income from the property the following amounts. H&r block free file 2011 Any rents or royalties you paid or incurred for the property. H&r block free file 2011 The part of any bonus you paid for a lease on the property allocable to the product sold (or that otherwise gives rise to gross income) for the tax year. H&r block free file 2011 A bonus payment includes amounts you paid as a lessee to satisfy a production payment retained by the lessor. H&r block free file 2011   Use the following fraction to figure the part of the bonus you must subtract. H&r block free file 2011 No. H&r block free file 2011 of units sold in the tax year Recoverable units from the property × Bonus Payments For oil and gas wells and geothermal deposits, more information about the definition of gross income from the property is under Oil and Gas Wells , later. H&r block free file 2011 For other property, more information about the definition of gross income from the property is under Mines and Geothermal Deposits , later. H&r block free file 2011 Taxable income limit. H&r block free file 2011   The percentage depletion deduction generally cannot be more than 50% (100% for oil and gas property) of your taxable income from the property figured without the depletion deduction and the domestic production activities deduction. H&r block free file 2011   Taxable income from the property means gross income from the property minus all allowable deductions (except any deduction for depletion or domestic production activities) attributable to mining processes, including mining transportation. H&r block free file 2011 These deductible items include, but are not limited to, the following. H&r block free file 2011 Operating expenses. H&r block free file 2011 Certain selling expenses. H&r block free file 2011 Administrative and financial overhead. H&r block free file 2011 Depreciation. H&r block free file 2011 Intangible drilling and development costs. H&r block free file 2011 Exploration and development expenditures. H&r block free file 2011 Deductible taxes (see chapter 5), but not taxes that you capitalize or take as a credit. H&r block free file 2011 Losses sustained. H&r block free file 2011   The following rules apply when figuring your taxable income from the property for purposes of the taxable income limit. H&r block free file 2011 Do not deduct any net operating loss deduction from the gross income from the property. H&r block free file 2011 Corporations do not deduct charitable contributions from the gross income from the property. H&r block free file 2011 If, during the year, you dispose of an item of section 1245 property that was used in connection with mineral property, reduce any allowable deduction for mining expenses by the part of any gain you must report as ordinary income that is allocable to the mineral property. H&r block free file 2011 See section 1. H&r block free file 2011 613-5(b)(1) of the regulations for information on how to figure the ordinary gain allocable to the property. H&r block free file 2011 Oil and Gas Wells You cannot claim percentage depletion for an oil or gas well unless at least one of the following applies. H&r block free file 2011 You are either an independent producer or a royalty owner. H&r block free file 2011 The well produces natural gas that is either sold under a fixed contract or produced from geopressured brine. H&r block free file 2011 If you are an independent producer or royalty owner, see Independent Producers and Royalty Owners , next. H&r block free file 2011 For information on the depletion deduction for wells that produce natural gas that is either sold under a fixed contract or produced from geopressured brine, see Natural Gas Wells , later. H&r block free file 2011 Independent Producers and Royalty Owners If you are an independent producer or royalty owner, you figure percentage depletion using a rate of 15% of the gross income from the property based on your average daily production of domestic crude oil or domestic natural gas up to your depletable oil or natural gas quantity. H&r block free file 2011 However, certain refiners, as explained next, and certain retailers and transferees of proven oil and gas properties, as explained next, cannot claim percentage depletion. H&r block free file 2011 For information on figuring the deduction, see Figuring percentage depletion , later. H&r block free file 2011 Refiners who cannot claim percentage depletion. H&r block free file 2011   You cannot claim percentage depletion if you or a related person refine crude oil and you and the related person refined more than 75,000 barrels on any day during the tax year based on average (rather than actual) daily refinery runs for the tax year. H&r block free file 2011 The average daily refinery run is computed by dividing total refinery runs for the tax year by the total number of days in the tax year. H&r block free file 2011 Related person. H&r block free file 2011   You and another person are related persons if either of you holds a significant ownership interest in the other person or if a third person holds a significant ownership interest in both of you. H&r block free file 2011 For example, a corporation, partnership, estate, or trust and anyone who holds a significant ownership interest in it are related persons. H&r block free file 2011 A partnership and a trust are related persons if one person holds a significant ownership interest in each of them. H&r block free file 2011 For purposes of the related person rules, significant ownership interest means direct or indirect ownership of 5% or more in any one of the following. H&r block free file 2011 The value of the outstanding stock of a corporation. H&r block free file 2011 The interest in the profits or capital of a partnership. H&r block free file 2011 The beneficial interests in an estate or trust. H&r block free file 2011 Any interest owned by or for a corporation, partnership, trust, or estate is considered to be owned directly both by itself and proportionately by its shareholders, partners, or beneficiaries. H&r block free file 2011 Retailers who cannot claim percentage depletion. H&r block free file 2011   You cannot claim percentage depletion if both the following apply. H&r block free file 2011 You sell oil or natural gas or their by-products directly or through a related person in any of the following situations. H&r block free file 2011 Through a retail outlet operated by you or a related person. H&r block free file 2011 To any person who is required under an agreement with you or a related person to use a trademark, trade name, or service mark or name owned by you or a related person in marketing or distributing oil, natural gas, or their by-products. H&r block free file 2011 To any person given authority under an agreement with you or a related person to occupy any retail outlet owned, leased, or controlled by you or a related person. H&r block free file 2011 The combined gross receipts from sales (not counting resales) of oil, natural gas, or their by-products by all retail outlets taken into account in (1) are more than $5 million for the tax year. H&r block free file 2011   For the purpose of determining if this rule applies, do not count the following. H&r block free file 2011 Bulk sales (sales in very large quantities) of oil or natural gas to commercial or industrial users. H&r block free file 2011 Bulk sales of aviation fuels to the Department of Defense. H&r block free file 2011 Sales of oil or natural gas or their by-products outside the United States if none of your domestic production or that of a related person is exported during the tax year or the prior tax year. H&r block free file 2011 Related person. H&r block free file 2011   To determine if you and another person are related persons, see Related person under Refiners who cannot claim percentage depletion, earlier. H&r block free file 2011 Sales through a related person. H&r block free file 2011   You are considered to be selling through a related person if any sale by the related person produces gross income from which you may benefit because of your direct or indirect ownership interest in the person. H&r block free file 2011   You are not considered to be selling through a related person who is a retailer if all the following apply. H&r block free file 2011 You do not have a significant ownership interest in the retailer. H&r block free file 2011 You sell your production to persons who are not related to either you or the retailer. H&r block free file 2011 The retailer does not buy oil or natural gas from your customers or persons related to your customers. H&r block free file 2011 There are no arrangements for the retailer to acquire oil or natural gas you produced for resale or made available for purchase by the retailer. H&r block free file 2011 Neither you nor the retailer knows of or controls the final disposition of the oil or natural gas you sold or the original source of the petroleum products the retailer acquired for resale. H&r block free file 2011 Transferees who cannot claim percentage depletion. H&r block free file 2011   You cannot claim percentage depletion if you received your interest in a proven oil or gas property by transfer after 1974 and before October 12, 1990. H&r block free file 2011 For a definition of the term “transfer,” see section 1. H&r block free file 2011 613A-7(n) of the regulations. H&r block free file 2011 For a definition of the term “interest in proven oil or gas property,” see section 1. H&r block free file 2011 613A-7(p) of the regulations. H&r block free file 2011 Figuring percentage depletion. H&r block free file 2011   Generally, as an independent producer or royalty owner, you figure your percentage depletion by computing your average daily production of domestic oil or gas and comparing it to your depletable oil or gas quantity. H&r block free file 2011 If your average daily production does not exceed your depletable oil or gas quantity, you figure your percentage depletion by multiplying the gross income from the oil or gas property (defined later) by 15%. H&r block free file 2011 If your average daily production of domestic oil or gas exceeds your depletable oil or gas quantity, you must make an allocation as explained later under Average daily production. H&r block free file 2011   In addition, there is a limit on the percentage depletion deduction. H&r block free file 2011 See Taxable income limit , later. H&r block free file 2011 Average daily production. H&r block free file 2011   Figure your average daily production by dividing your total domestic production of oil or gas for the tax year by the number of days in your tax year. H&r block free file 2011 Partial interest. H&r block free file 2011   If you have a partial interest in the production from a property, figure your share of the production by multiplying total production from the property by your percentage of interest in the revenues from the property. H&r block free file 2011   You have a partial interest in the production from a property if you have a net profits interest in the property. H&r block free file 2011 To figure the share of production for your net profits interest, you must first determine your percentage participation (as measured by the net profits) in the gross revenue from the property. H&r block free file 2011 To figure this percentage, you divide the income you receive for your net profits interest by the gross revenue from the property. H&r block free file 2011 Then multiply the total production from the property by your percentage participation to figure your share of the production. H&r block free file 2011 Example. H&r block free file 2011 Javier Robles owns oil property in which Pablo Olmos owns a 20% net profits interest. H&r block free file 2011 During the year, the property produced 10,000 barrels of oil, which Javier sold for $200,000. H&r block free file 2011 Javier had expenses of $90,000 attributable to the property. H&r block free file 2011 The property generated a net profit of $110,000 ($200,000 − $90,000). H&r block free file 2011 Pablo received income of $22,000 ($110,000 × . H&r block free file 2011 20) for his net profits interest. H&r block free file 2011 Pablo determined his percentage participation to be 11% by dividing $22,000 (the income he received) by $200,000 (the gross revenue from the property). H&r block free file 2011 Pablo determined his share of the oil production to be 1,100 barrels (10,000 barrels × 11%). H&r block free file 2011 Depletable oil or natural gas quantity. H&r block free file 2011   Generally, your depletable oil quantity is 1,000 barrels. H&r block free file 2011 Your depletable natural gas quantity is 6,000 cubic feet multiplied by the number of barrels of your depletable oil quantity that you choose to apply. H&r block free file 2011 If you claim depletion on both oil and natural gas, you must reduce your depletable oil quantity (1,000 barrels) by the number of barrels you use to figure your depletable natural gas quantity. H&r block free file 2011 Example. H&r block free file 2011 You have both oil and natural gas production. H&r block free file 2011 To figure your depletable natural gas quantity, you choose to apply 360 barrels of your 1000-barrel depletable oil quantity. H&r block free file 2011 Your depletable natural gas quantity is 2. H&r block free file 2011 16 million cubic feet of gas (360 × 6000). H&r block free file 2011 You must reduce your depletable oil quantity to 640 barrels (1000 − 360). H&r block free file 2011 If you have production from marginal wells, see section 613A(c)(6) of the Internal Revenue Code to figure your depletable oil or natural gas quantity. H&r block free file 2011 Also, see Notice 2012-50, available at www. H&r block free file 2011 irs. H&r block free file 2011 gov/irb/2012–31_IRB/index. H&r block free file 2011 html. H&r block free file 2011 Business entities and family members. H&r block free file 2011   You must allocate the depletable oil or gas quantity among the following related persons in proportion to each entity's or family member's production of domestic oil or gas for the year. H&r block free file 2011 Corporations, trusts, and estates if 50% or more of the beneficial interest is owned by the same or related persons (considering only persons that own at least 5% of the beneficial interest). H&r block free file 2011 You and your spouse and minor children. H&r block free file 2011 A related person is anyone mentioned in the related persons discussion under Nondeductible loss in chapter 2 of Publication 544, except that for purposes of this allocation, item (1) in that discussion includes only an individual, his or her spouse, and minor children. H&r block free file 2011 Controlled group of corporations. H&r block free file 2011   Members of the same controlled group of corporations are treated as one taxpayer when figuring the depletable oil or natural gas quantity. H&r block free file 2011 They share the depletable quantity. H&r block free file 2011 A controlled group of corporations is defined in section 1563(a) of the Internal Revenue Code, except that, for this purpose, the stock ownership requirement in that definition is “more than 50%” rather than “at least 80%. H&r block free file 2011 ” Gross income from the property. H&r block free file 2011   For purposes of percentage depletion, gross income from the property (in the case of oil and gas wells) is the amount you receive from the sale of the oil or gas in the immediate vicinity of the well. H&r block free file 2011 If you do not sell the oil or gas on the property, but manufacture or convert it into a refined product before sale or transport it before sale, the gross income from the property is the representative market or field price (RMFP) of the oil or gas, before conversion or transportation. H&r block free file 2011   If you sold gas after you removed it from the premises for a price that is lower than the RMFP, determine gross income from the property for percentage depletion purposes without regard to the RMFP. H&r block free file 2011   Gross income from the property does not include lease bonuses, advance royalties, or other amounts payable without regard to production from the property. H&r block free file 2011 Average daily production exceeds depletable quantities. H&r block free file 2011   If your average daily production for the year is more than your depletable oil or natural gas quantity, figure your allowance for depletion for each domestic oil or natural gas property as follows. H&r block free file 2011 Figure your average daily production of oil or natural gas for the year. H&r block free file 2011 Figure your depletable oil or natural gas quantity for the year. H&r block free file 2011 Figure depletion for all oil or natural gas produced from the property using a percentage depletion rate of 15%. H&r block free file 2011 Multiply the result figured in (3) by a fraction, the numerator of which is the result figured in (2) and the denominator of which is the result figured in (1). H&r block free file 2011 This is your depletion allowance for that property for the year. H&r block free file 2011 Taxable income limit. H&r block free file 2011   If you are an independent producer or royalty owner of oil and gas, your deduction for percentage depletion is limited to the smaller of the following. H&r block free file 2011 100% of your taxable income from the property figured without the deduction for depletion and the deduction for domestic production activities under section 199 of the Internal Revenue Code. H&r block free file 2011 For a definition of taxable income from the property, see Taxable income limit , earlier, under Mineral Property. H&r block free file 2011 65% of your taxable income from all sources, figured without the depletion allowance, the deduction for domestic production activities, any net operating loss carryback, and any capital loss carryback. H&r block free file 2011 You can carry over to the following year any amount you cannot deduct because of the 65%-of-taxable-income limit. H&r block free file 2011 Add it to your depletion allowance (before applying any limits) for the following year. H&r block free file 2011 Partnerships and S Corporations Generally, each partner or S corporation shareholder, and not the partnership or S corporation, figures the depletion allowance separately. H&r block free file 2011 (However, see Electing large partnerships must figure depletion allowance , later. H&r block free file 2011 ) Each partner or shareholder must decide whether to use cost or percentage depletion. H&r block free file 2011 If a partner or shareholder uses percentage depletion, he or she must apply the 65%-of-taxable-income limit using his or her taxable income from all sources. H&r block free file 2011 Partner's or shareholder's adjusted basis. H&r block free file 2011   The partnership or S corporation must allocate to each partner or shareholder his or her share of the adjusted basis of each oil or gas property held by the partnership or S corporation. H&r block free file 2011 The partnership or S corporation makes the allocation as of the date it acquires the oil or gas property. H&r block free file 2011   Each partner's share of the adjusted basis of the oil or gas property generally is figured according to that partner's interest in partnership capital. H&r block free file 2011 However, in some cases, it is figured according to the partner's interest in partnership income. H&r block free file 2011   The partnership or S corporation adjusts the partner's or shareholder's share of the adjusted basis of the oil and gas property for any capital expenditures made for the property and for any change in partnership or S corporation interests. H&r block free file 2011 Recordkeeping. H&r block free file 2011 Each partner or shareholder must separately keep records of his or her share of the adjusted basis in each oil and gas property of the partnership or S corporation. H&r block free file 2011 The partner or shareholder must reduce his or her adjusted basis by the depletion allowed or allowable on the property each year. H&r block free file 2011 The partner or shareholder must use that reduced adjusted basis to figure cost depletion or his or her gain or loss if the partnership or S corporation disposes of the property. H&r block free file 2011 Reporting the deduction. H&r block free file 2011   Information that you, as a partner or shareholder, use to figure your depletion deduction on oil and gas properties is reported by the partnership or S corporation on Schedule K-1 (Form 1065) or on Schedule K-1 (Form 1120S). H&r block free file 2011 Deduct oil and gas depletion for your partnership or S corporation interest on Schedule E (Form 1040). H&r block free file 2011 The depletion deducted on Schedule E is included in figuring income or loss from rental real estate or royalty properties. H&r block free file 2011 The instructions for Schedule E explain where to report this income or loss and whether you need to file either of the following forms. H&r block free file 2011 Form 6198, At-Risk Limitations. H&r block free file 2011 Form 8582, Passive Activity Loss Limitations. H&r block free file 2011 Electing large partnerships must figure depletion allowance. H&r block free file 2011   An electing large partnership, rather than each partner, generally must figure the depletion allowance. H&r block free file 2011 The partnership figures the depletion allowance without taking into account the 65-percent-of-taxable-income limit and the depletable oil or natural gas quantity. H&r block free file 2011 Also, the adjusted basis of a partner's interest in the partnership is not affected by the depletion allowance. H&r block free file 2011   An electing large partnership is one that meets both the following requirements. H&r block free file 2011 The partnership had 100 or more partners in the preceding year. H&r block free file 2011 The partnership chooses to be an electing large partnership. H&r block free file 2011 Disqualified persons. H&r block free file 2011   An electing large partnership does not figure the depletion allowance of its partners that are disqualified persons. H&r block free file 2011 Disqualified persons must figure it themselves, as explained earlier. H&r block free file 2011   All the following are disqualified persons. H&r block free file 2011 Refiners who cannot claim percentage depletion (discussed under Independent Producers and Royalty Owners , earlier). H&r block free file 2011 Retailers who cannot claim percentage depletion (discussed under Independent Producers and Royalty Owners , earlier). H&r block free file 2011 Any partner whose average daily production of domestic crude oil and natural gas is more than 500 barrels during the tax year in which the partnership tax year ends. H&r block free file 2011 Average daily production is discussed earlier. H&r block free file 2011 Natural Gas Wells You can use percentage depletion for a well that produces natural gas that is either Sold under a fixed contract, or Produced from geopressured brine. H&r block free file 2011 Natural gas sold under a fixed contract. H&r block free file 2011   Natural gas sold under a fixed contract qualifies for a percentage depletion rate of 22%. H&r block free file 2011 This is domestic natural gas sold by the producer under a contract that does not provide for a price increase to reflect any increase in the seller's tax liability because of the repeal of percentage depletion for gas. H&r block free file 2011 The contract must have been in effect from February 1, 1975, until the date of sale of the gas. H&r block free file 2011 Price increases after February 1, 1975, are presumed to take the increase in tax liability into account unless demonstrated otherwise by clear and convincing evidence. H&r block free file 2011 Natural gas from geopressured brine. H&r block free file 2011   Qualified natural gas from geopressured brine is eligible for a percentage depletion rate of 10%. H&r block free file 2011 This is natural gas that is both the following. H&r block free file 2011 Produced from a well you began to drill after September 1978 and before 1984. H&r block free file 2011 Determined in accordance with section 503 of the Natural Gas Policy Act of 1978 to be produced from geopressured brine. H&r block free file 2011 Mines and Geothermal Deposits Certain mines, wells, and other natural deposits, including geothermal deposits, qualify for percentage depletion. H&r block free file 2011 Mines and other natural deposits. H&r block free file 2011   For a natural deposit, the percentage of your gross income from the property that you can deduct as depletion depends on the type of deposit. H&r block free file 2011   The following is a list of the percentage depletion rates for the more common minerals. H&r block free file 2011 DEPOSITS RATE Sulphur, uranium, and, if from deposits in the United States, asbestos, lead ore, zinc ore, nickel ore, and mica 22% Gold, silver, copper, iron ore, and certain oil shale, if from deposits in the United States 15% Borax, granite, limestone, marble, mollusk shells, potash, slate, soapstone, and carbon dioxide produced from a well 14% Coal, lignite, and sodium chloride 10% Clay and shale used or sold for use in making sewer pipe or bricks or used or sold for use as sintered or burned lightweight aggregates 7½% Clay used or sold for use in making drainage and roofing tile, flower pots, and kindred products, and gravel, sand, and stone (other than stone used or sold for use by a mine owner or operator as dimension or ornamental stone) 5%   You can find a complete list of minerals and their percentage depletion rates in section 613(b) of the Internal Revenue Code. H&r block free file 2011 Corporate deduction for iron ore and coal. H&r block free file 2011   The percentage depletion deduction of a corporation for iron ore and coal (including lignite) is reduced by 20% of: The percentage depletion deduction for the tax year (figured without this reduction), minus The adjusted basis of the property at the close of the tax year (figured without the depletion deduction for the tax year). H&r block free file 2011 Gross income from the property. H&r block free file 2011   For property other than a geothermal deposit or an oil or gas well, gross income from the property means the gross income from mining. H&r block free file 2011 Mining includes all the following. H&r block free file 2011 Extracting ores or minerals from the ground. H&r block free file 2011 Applying certain treatment processes described later. H&r block free file 2011 Transporting ores or minerals (generally, not more than 50 miles) from the point of extraction to the plants or mills in which the treatment processes are applied. H&r block free file 2011 Excise tax. H&r block free file 2011   Gross income from mining includes the separately stated excise tax received by a mine operator from the sale of coal to compensate the operator for the excise tax the mine operator must pay to finance black lung benefits. H&r block free file 2011 Extraction. H&r block free file 2011   Extracting ores or minerals from the ground includes extraction by mine owners or operators of ores or minerals from the waste or residue of prior mining. H&r block free file 2011 This does not apply to extraction from waste or residue of prior mining by the purchaser of the waste or residue or the purchaser of the rights to extract ores or minerals from the waste or residue. H&r block free file 2011 Treatment processes. H&r block free file 2011   The processes included as mining depend on the ore or mineral mined. H&r block free file 2011 To qualify as mining, the treatment processes must be applied by the mine owner or operator. H&r block free file 2011 For a listing of treatment processes considered as mining, see section 613(c)(4) of the Internal Revenue Code and the related regulations. H&r block free file 2011 Transportation of more than 50 miles. H&r block free file 2011   If the IRS finds that the ore or mineral must be transported more than 50 miles to plants or mills to be treated because of physical and other requirements, the additional authorized transportation is considered mining and included in the computation of gross income from mining. H&r block free file 2011    If you wish to include transportation of more than 50 miles in the computation of gross income from mining, request an advance ruling from the IRS. H&r block free file 2011 Include in the request the facts about the physical and other requirements that prevented the construction and operation of the plant within 50 miles of the point of extraction. H&r block free file 2011 For more information about requesting an advance ruling, see Revenue Procedure 2013-1, available at www. H&r block free file 2011 irs. H&r block free file 2011 gov/irb/2013-01_IRB/ar11. H&r block free file 2011 html. H&r block free file 2011 Disposal of coal or iron ore. H&r block free file 2011   You cannot take a depletion deduction for coal (including lignite) or iron ore mined in the United States if both the following apply. H&r block free file 2011 You disposed of it after holding it for more than 1 year. H&r block free file 2011 You disposed of it under a contract under which you retain an economic interest in the coal or iron ore. H&r block free file 2011 Treat any gain on the disposition as a capital gain. H&r block free file 2011 Disposal to related person. H&r block free file 2011   This rule does not apply if you dispose of the coal or iron ore to one of the following persons. H&r block free file 2011 A related person (as listed in chapter 2 of Publication 544). H&r block free file 2011 A person owned or controlled by the same interests that own or control you. H&r block free file 2011 Geothermal deposits. H&r block free file 2011   Geothermal deposits located in the United States or its possessions qualify for a percentage depletion rate of 15%. H&r block free file 2011 A geothermal deposit is a geothermal reservoir of natural heat stored in rocks or in a watery liquid or vapor. H&r block free file 2011 For percentage depletion purposes, a geothermal deposit is not considered a gas well. H&r block free file 2011   Figure gross income from the property for a geothermal steam well in the same way as for oil and gas wells. H&r block free file 2011 See Gross income from the property , earlier, under Oil and Gas Wells. H&r block free file 2011 Percentage depletion on a geothermal deposit cannot be more than 50% of your taxable income from the property. H&r block free file 2011 Lessor's Gross Income In the case of leased property, the depletion deduction is divided between the lessor and the lessee. H&r block free file 2011 A lessor's gross income from the property that qualifies for percentage depletion usually is the total of the royalties received from the lease. H&r block free file 2011 Bonuses and advanced royalties. H&r block free file 2011   Bonuses and advanced royalties are payments a lessee makes before production to a lessor for the grant of rights in a lease or for minerals, gas, or oil to be extracted from leased property. H&r block free file 2011 If you are the lessor, your income from bonuses and advanced royalties received is subject to an allowance for depletion, as explained in the next two paragraphs. H&r block free file 2011 Figuring cost depletion. H&r block free file 2011   To figure cost depletion on a bonus, multiply your adjusted basis in the property by a fraction, the numerator of which is the bonus and the denominator of which is the total bonus and royalties expected to be received. H&r block free file 2011 To figure cost depletion on advanced royalties, use the computation explained earlier under Cost Depletion , treating the number of units for which the advanced royalty is received as the number of units sold. H&r block free file 2011 Figuring percentage depletion. H&r block free file 2011   In the case of mines, wells, and other natural deposits other than gas, oil, or geothermal property, you may use the percentage rates discussed earlier under Mines and Geothermal Deposits . H&r block free file 2011 Any bonus or advanced royalty payments are generally part of the gross income from the property to which the rates are applied in making the calculation. H&r block free file 2011 However, for oil, gas, or geothermal property, gross income does not include lease bonuses, advanced royalties, or other amounts payable without regard to production from the property. H&r block free file 2011 Ending the lease. H&r block free file 2011   If you receive a bonus on a lease that ends or is abandoned before you derive any income from mineral extraction, include in income the depletion deduction you took. H&r block free file 2011 Do this for the year the lease ends or is abandoned. H&r block free file 2011 Also increase your adjusted basis in the property to restore the depletion deduction you previously subtracted. H&r block free file 2011   For advanced royalties, include in income the depletion claimed on minerals for which the advanced royalties were paid if the minerals were not produced before the lease ended. H&r block free file 2011 Include this amount in income for the year the lease ends. H&r block free file 2011 Increase your adjusted basis in the property by the amount you include in income. H&r block free file 2011 Delay rentals. H&r block free file 2011   These are payments for deferring development of the property. H&r block free file 2011 Since delay rentals are ordinary rent, they are ordinary income that is not subject to depletion. H&r block free file 2011 These rentals can be avoided by either abandoning the lease, beginning development operations, or obtaining production. H&r block free file 2011 Timber You can figure timber depletion only by the cost method. H&r block free file 2011 Percentage depletion does not apply to timber. H&r block free file 2011 Base your depletion on your cost or other basis in the timber. H&r block free file 2011 Your cost does not include the cost of land or any amounts recoverable through depreciation. H&r block free file 2011 Depletion takes place when you cut standing timber. H&r block free file 2011 You can figure your depletion deduction when the quantity of cut timber is first accurately measured in the process of exploitation. H&r block free file 2011 Figuring cost depletion. H&r block free file 2011   To figure your cost depletion allowance, you multiply the number of timber units cut by your depletion unit. H&r block free file 2011 Timber units. H&r block free file 2011   When you acquire timber property, you must make an estimate of the quantity of marketable timber that exists on the property. H&r block free file 2011 You measure the timber using board feet, log scale, cords, or other units. H&r block free file 2011 If you later determine that you have more or less units of timber, you must adjust the original estimate. H&r block free file 2011   The term “timber property” means your economic interest in standing timber in each tract or block representing a separate timber account. H&r block free file 2011 Depletion unit. H&r block free file 2011   You figure your depletion unit each year by taking the following steps. H&r block free file 2011 Determine your cost or adjusted basis of the timber on hand at the beginning of the year. H&r block free file 2011 Adjusted basis is defined under Cost Depletion in the discussion on Mineral Property. H&r block free file 2011 Add to the amount determined in (1) the cost of any timber units acquired during the year and any additions to capital. H&r block free file 2011 Figure the number of timber units to take into account by adding the number of timber units acquired during the year to the number of timber units on hand in the account at the beginning of the year and then adding (or subtracting) any correction to the estimate of the number of timber units remaining in the account. H&r block free file 2011 Divide the result of (2) by the result of (3). H&r block free file 2011 This is your depletion unit. H&r block free file 2011 Example. H&r block free file 2011 You bought a timber tract for $160,000 and the land was worth as much as the timber. H&r block free file 2011 Your basis for the timber is $80,000. H&r block free file 2011 Based on an estimated one million board feet (1,000 MBF) of standing timber, you figure your depletion unit to be $80 per MBF ($80,000 ÷ 1,000). H&r block free file 2011 If you cut 500 MBF of timber, your depletion allowance would be $40,000 (500 MBF × $80). H&r block free file 2011 When to claim depletion. H&r block free file 2011   Claim your depletion allowance as a deduction in the year of sale or other disposition of the products cut from the timber, unless you choose to treat the cutting of timber as a sale or exchange (explained below). H&r block free file 2011 Include allowable depletion for timber products not sold during the tax year the timber is cut as a cost item in the closing inventory of timber products for the year. H&r block free file 2011 The inventory is your basis for determining gain or loss in the tax year you sell the timber products. H&r block free file 2011 Example. H&r block free file 2011 The facts are the same as in the previous example except that you sold only half of the timber products in the cutting year. H&r block free file 2011 You would deduct $20,000 of the $40,000 depletion that year. H&r block free file 2011 You would add the remaining $20,000 depletion to your closing inventory of timber products. H&r block free file 2011 Electing to treat the cutting of timber as a sale or exchange. H&r block free file 2011   You can elect, under certain circumstances, to treat the cutting of timber held for more than 1 year as a sale or exchange. H&r block free file 2011 You must make the election on your income tax return for the tax year to which it applies. H&r block free file 2011 If you make this election, subtract the adjusted basis for depletion from the fair market value of the timber on the first day of the tax year in which you cut it to figure the gain or loss on the cutting. H&r block free file 2011 You generally report the gain as long-term capital gain. H&r block free file 2011 The fair market value then becomes your basis for figuring your ordinary gain or loss on the sale or other disposition of the products cut from the timber. H&r block free file 2011 For more information, see Timber in chapter 2 of Publication 544, Sales and Other Dispositions of Assets. H&r block free file 2011   You may revoke an election to treat the cutting of timber as a sale or exchange without IRS's consent. H&r block free file 2011 The prior election (and revocation) is disregarded for purposes of making a subsequent election. H&r block free file 2011 See Form T (Timber), Forest Activities Schedule, for more information. H&r block free file 2011 Form T. H&r block free file 2011   Complete and attach Form T (Timber) to your income tax return if you claim a deduction for timber depletion, choose to treat the cutting of timber as a sale or exchange, or make an outright sale of timber. H&r block free file 2011 Prev  Up  Next   Home   More Online Publications
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The H&r Block Free File 2011

H&r block free file 2011 7. H&r block free file 2011   How To Get Tax Help Table of Contents Whether it's help with a tax issue, preparing your tax return or a need for a free publication or form, get the help you need the way you want it: online, use a smart phone, call or walk in to an IRS office or volunteer site near you. H&r block free file 2011 Free help with your tax return. H&r block free file 2011   You can get free help preparing your return nationwide from IRS-certified volunteers. H&r block free file 2011 The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. H&r block free file 2011 The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. H&r block free file 2011 Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. H&r block free file 2011 In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. H&r block free file 2011 To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS. H&r block free file 2011 gov, download the IRS2Go app, or call 1-800-906-9887. H&r block free file 2011   As part of the TCE program, AARP offers the Tax-Aide counseling program. H&r block free file 2011 To find the nearest AARP Tax-Aide site, visit AARP's website at www. H&r block free file 2011 aarp. H&r block free file 2011 org/money/taxaide or call 1-888-227-7669. H&r block free file 2011 For more information on these programs, go to IRS. H&r block free file 2011 gov and enter “VITA” in the search box. H&r block free file 2011 Internet. H&r block free file 2011    IRS. H&r block free file 2011 gov and IRS2Go are ready when you are —24 hours a day, 7 days a week. H&r block free file 2011 Download the free IRS2Go app from the iTunes app store or from Google Play. H&r block free file 2011 Use it to check your refund status, order transcripts of your tax returns or tax account, watch the IRS YouTube channel, get IRS news as soon as it's released to the public, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. H&r block free file 2011 Check the status of your 2013 refund with the Where's My Refund? application on IRS. H&r block free file 2011 gov or download the IRS2Go app and select the Refund Status option. H&r block free file 2011 The IRS issues more than 9 out of 10 refunds in less than 21 days. H&r block free file 2011 Using these applications, you can start checking on the status of your return within 24 hours after we receive your e-filed return or 4 weeks after you mail a paper return. H&r block free file 2011 You will also be given a personalized refund date as soon as the IRS processes your tax return and approves your refund. H&r block free file 2011 The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. H&r block free file 2011 Use the Interactive Tax Assistant (ITA) to research your tax questions. H&r block free file 2011 No need to wait on the phone or stand in line. H&r block free file 2011 The ITA is available 24 hours a day, 7 days a week, and provides you with a variety of tax information related to general filing topics, deductions, credits, and income. H&r block free file 2011 When you reach the response screen, you can print the entire interview and the final response for your records. H&r block free file 2011 New subject areas are added on a regular basis. H&r block free file 2011  Answers not provided through ITA may be found in Tax Trails, one of the Tax Topics on IRS. H&r block free file 2011 gov which contain general individual and business tax information or by searching the IRS Tax Map, which includes an international subject index. H&r block free file 2011 You can use the IRS Tax Map, to search publications and instructions by topic or keyword. H&r block free file 2011 The IRS Tax Map integrates forms and publications into one research tool and provides single-point access to tax law information by subject. H&r block free file 2011 When the user searches the IRS Tax Map, they will be provided with links to related content in existing IRS publications, forms and instructions, questions and answers, and Tax Topics. H&r block free file 2011 Coming this filing season, you can immediately view and print for free all 5 types of individual federal tax transcripts (tax returns, tax account, record of account, wage and income statement, and certification of non-filing) using Get Transcript. H&r block free file 2011 You can also ask the IRS to mail a return or an account transcript to you. H&r block free file 2011 Only the mail option is available by choosing the Tax Records option on the IRS2Go app by selecting Mail Transcript on IRS. H&r block free file 2011 gov or by calling 1-800-908-9946. H&r block free file 2011 Tax return and tax account transcripts are generally available for the current year and the past three years. H&r block free file 2011 Determine if you are eligible for the EITC and estimate the amount of the credit with the Earned Income Tax Credit (EITC) Assistant. H&r block free file 2011 Visit Understanding Your IRS Notice or Letter to get answers to questions about a notice or letter you received from the IRS. H&r block free file 2011 If you received the First Time Homebuyer Credit, you can use the First Time Homebuyer Credit Account Look-up tool for information on your repayments and account balance. H&r block free file 2011 Check the status of your amended return using Where's My Amended Return? Go to IRS. H&r block free file 2011 gov and enter Where's My Amended Return? in the search box. H&r block free file 2011 You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. H&r block free file 2011 It can take up to 3 weeks from the date you mailed it to show up in our system. H&r block free file 2011 Make a payment using one of several safe and convenient electronic payment options available on IRS. H&r block free file 2011 gov. H&r block free file 2011 Select the Payment tab on the front page of IRS. H&r block free file 2011 gov for more information. H&r block free file 2011 Determine if you are eligible and apply for an online payment agreement, if you owe more tax than you can pay today. H&r block free file 2011 Figure your income tax withholding with the IRS Withholding Calculator on IRS. H&r block free file 2011 gov. H&r block free file 2011 Use it if you've had too much or too little withheld, your personal situation has changed, you're starting a new job or you just want to see if you're having the right amount withheld. H&r block free file 2011 Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. H&r block free file 2011 gov. H&r block free file 2011 Request an Electronic Filing PIN by going to IRS. H&r block free file 2011 gov and entering Electronic Filing PIN in the search box. H&r block free file 2011 Download forms, instructions and publications, including accessible versions for people with disabilities. H&r block free file 2011 Locate the nearest Taxpayer Assistance Center (TAC) using the Office Locator tool on IRS. H&r block free file 2011 gov, or choose the Contact Us option on the IRS2Go app and search Local Offices. H&r block free file 2011 An employee can answer questions about your tax account or help you set up a payment plan. H&r block free file 2011 Before you visit, check the Office Locator on IRS. H&r block free file 2011 gov, or Local Offices under Contact Us on IRS2Go to confirm the address, phone number, days and hours of operation, and the services provided. H&r block free file 2011 If you have a special need, such as a disability, you can request an appointment. H&r block free file 2011 Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. H&r block free file 2011 Apply for an Employer Identification Number (EIN). H&r block free file 2011 Go to IRS. H&r block free file 2011 gov and enter Apply for an EIN in the search box. H&r block free file 2011 Read the Internal Revenue Code, regulations, or other official guidance. H&r block free file 2011 Read Internal Revenue Bulletins. H&r block free file 2011 Sign up to receive local and national tax news and more by email. H&r block free file 2011 Just click on “subscriptions” above the search box on IRS. H&r block free file 2011 gov and choose from a variety of options. H&r block free file 2011 Phone. H&r block free file 2011    You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. H&r block free file 2011 Download the free IRS2Go app from the iTunes app store or from Google Play. H&r block free file 2011 Call to locate the nearest volunteer help site, 1-800-906-9887 or you can use the VITA Locator Tool on IRS. H&r block free file 2011 gov, or download the IRS2Go app. H&r block free file 2011 Low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. H&r block free file 2011 The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. H&r block free file 2011 Most VITA and TCE sites offer free electronic filing. H&r block free file 2011 Some VITA and TCE sites provide IRS-certified volunteers who can help prepare your tax return. H&r block free file 2011 Through the TCE program, AARP offers the Tax-Aide counseling program; call 1-888-227-7669 to find the nearest Tax-Aide location. H&r block free file 2011 Call the automated Where's My Refund? information hotline to check the status of your 2013 refund 24 hours a day, 7 days a week at 1-800-829-1954. H&r block free file 2011 If you e-file, you can start checking on the status of your return within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. H&r block free file 2011 The IRS issues more than 9 out of 10 refunds in less than 21 days. H&r block free file 2011 Where's My Refund? will give you a personalized refund date as soon as the IRS processes your tax return and approves your refund. H&r block free file 2011 Before you call this automated hotline, have your 2013 tax return handy so you can enter your social security number, your filing status, and the exact whole dollar amount of your refund. H&r block free file 2011 The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. H&r block free file 2011 Note, the above information is for our automated hotline. H&r block free file 2011 Our live phone and walk-in assistors can research the status of your refund only if it's been 21 days or more since you filed electronically or more than 6 weeks since you mailed your paper return. H&r block free file 2011 Call the Amended Return Hotline, 1-866-464-2050, to check the status of your amended return. H&r block free file 2011 You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. H&r block free file 2011 It can take up to 3 weeks from the date you mailed it to show up in our system. H&r block free file 2011 Call 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions, publications, and prior-year forms and instructions (limited to 5 years). H&r block free file 2011 You should receive your order within 10 business days. H&r block free file 2011 Call TeleTax, 1-800-829-4477, to listen to pre-recorded messages covering general and business tax information. H&r block free file 2011 If, between January and April 15, you still have questions about the Form 1040, 1040A, or 1040EZ (like filing requirements, dependents, credits, Schedule D, pensions and IRAs or self-employment taxes), call 1-800-829-1040. H&r block free file 2011 Call using TTY/TDD equipment, 1-800-829-4059 to ask tax questions or order forms and publications. H&r block free file 2011 The TTY/TDD telephone number is for people who are deaf, hard of hearing, or have a speech disability. H&r block free file 2011 These individuals can also contact the IRS through relay services such as the Federal Relay Service. H&r block free file 2011 Walk-in. H&r block free file 2011   You can find a selection of forms, publications and services — in-person. H&r block free file 2011 Products. H&r block free file 2011 You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. H&r block free file 2011 Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. H&r block free file 2011 Services. H&r block free file 2011 You can walk in to your local TAC for face-to-face tax help. H&r block free file 2011 An employee can answer questions about your tax account or help you set up a payment plan. H&r block free file 2011 Before visiting, use the Office Locator tool on IRS. H&r block free file 2011 gov, or choose the Contact Us option on the IRS2Go app and search Local Offices for days and hours of operation, and services provided. H&r block free file 2011 Mail. H&r block free file 2011   You can send your order for forms, instructions, and publications to the address below. H&r block free file 2011 You should receive a response within 10 business days after your request is received. H&r block free file 2011 Internal Revenue Service 1201 N. H&r block free file 2011 Mitsubishi Motorway Bloomington, IL 61705-6613    The Taxpayer Advocate Service Is Here to Help You. H&r block free file 2011 The Taxpayer Advocate Service (TAS) is your voice at the IRS. H&r block free file 2011 Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. H&r block free file 2011   What can TAS do for you? We can offer you free help with IRS problems that you can't resolve on your own. H&r block free file 2011 We know this process can be confusing, but the worst thing you can do is nothing at all! TAS can help if you can't resolve your tax problem and: Your problem is causing financial difficulties for you, your family, or your business. H&r block free file 2011 You face (or your business is facing) an immediate threat of adverse action. H&r block free file 2011 You've tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised. H&r block free file 2011   If you qualify for our help, you'll be assigned to one advocate who'll be with you at every turn and will do everything possible to resolve your problem. H&r block free file 2011 Here's why we can help: TAS is an independent organization within the IRS. H&r block free file 2011 Our advocates know how to work with the IRS. H&r block free file 2011 Our services are free and tailored to meet your needs. H&r block free file 2011 We have offices in every state, the District of Columbia, and Puerto Rico. H&r block free file 2011   How can you reach us? If you think TAS can help you, call your local advocate, whose number is in your local directory and at Taxpayer Advocate, or call us toll-free at 1-877-777-4778. H&r block free file 2011   How else does TAS help taxpayers?  TAS also works to resolve large-scale, systemic problems that affect many taxpayers. H&r block free file 2011 If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System. H&r block free file 2011 Low Income Taxpayer Clinics. H&r block free file 2011   Low Income Taxpayer Clinics (LITCs) serve individuals whose income is below a certain level and need to resolve tax problems such as audits, appeals, and tax collection disputes. H&r block free file 2011 Some clinics can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. H&r block free file 2011 Visit www. H&r block free file 2011 TaxpayerAdvocate. H&r block free file 2011 irs. H&r block free file 2011 gov or see IRS Publication 4134, Low Income Taxpayer Clinic List. H&r block free file 2011 Prev  Up  Next   Home   More Online Publications