Filing Your Taxes Online is Fast, Easy and Secure.
Start now and receive your tax refund in as little as 7 days.

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

Find tax credits for everything from school tuition to buying a hybri

3. E-File for FREE

E-file free with direct deposit to get your refund in as few as 7 days.

Filing your taxes with paper mail can be difficult and it could take weeks for your refund to arrive. IRS e-file is easy, fast and secure. There is no paperwork going to the IRS so tax refunds can be processed in as little as 7 days with direct deposit. As you prepare your taxes online, you can see your tax refund in real time.

FREE audit support and representation from an enrolled agent – NEW and only from H&R Block

Hrblock Freefile

Tax Software For 2011Tax Act 2008Irs Gov Form 1040Free Tax Filing H&r BlockTurbotax Deluxe Federal Efile State 2009Form 1040 XHr Block OnlineFile Free State TaxesState 1040 Ez FormWhen Last Day File Taxes 2012Free State Tax FilingAmended ReturnWhere Can I File My State And Federal Taxes Online For Free1040ez 2013 Tax Form2012 Federal Tax FormFederal Tax Form 1040xFiling Amended Tax Return 2009Free 2006 Tax SoftwareTax Return Forms 20112013 Tax Form 1040x1040ez Tax FormsHow To File 2012 Taxes LateFederal Ez Tax Form 2013Ez Tax Form 2013Freetaxusa 2009H And R Block Free TaxWhere Can I File My State Taxes OnlineFree Income Tax FilingFree Tax Preparation 2012Tax ActFree Tax Filing For MilitaryFederal Income Tax Extension1040 Ez 2010Can I File My 2011 Taxes In 2013I Need To File 2012 TaxesState Income Taxes2011 Tax TablesFiling A 1040x Amended Tax ReturnTaxcut 2011Free Tax Return

Hrblock Freefile

Hrblock freefile Publication 4492-A - Main Contents Table of Contents DefinitionsKansas Disaster Area Storms and Tornadoes Casualty and Theft Losses Replacement Period for Nonrecognition of Gain Net Operating Losses IRAs and Other Retirement PlansDefinitions Taxation of Qualified Recovery Assistance Distributions Repayment of Qualified Recovery Assistance Distributions How To Report Qualified Recovery Assistance Distributions Repayment of Qualified Distributions for the Purchase or Construction of a Main Home Loans From Qualified Plans Additional Tax Relief for BusinessesSpecial Depreciation Allowance Increased Section 179 Deduction Employee Retention Credit Demolition and Clean-up Costs Request for Copy or Transcript of Tax Return How To Get Tax HelpLow Income Taxpayer Clinics (LITCs). Hrblock freefile Definitions The following definitions are used throughout this publication. Hrblock freefile Kansas Disaster Area The Kansas disaster area covers the Kansas counties of Barton, Clay, Cloud, Comanche, Dickinson, Edwards, Ellsworth, Kiowa, Leavenworth, Lyon, McPherson, Osage, Osborne, Ottawa, Phillips, Pottawatomie, Pratt, Reno, Rice, Riley, Saline, Shawnee, Smith, and Stafford. Hrblock freefile Storms and Tornadoes The term “storms and tornadoes” as used in this publication, refers to the storms and tornadoes that began on May 4, 2007, and affected the Kansas disaster area (defined above). Hrblock freefile Casualty and Theft Losses The following paragraphs explain changes to casualty and theft losses that occurred in the Kansas disaster area. Hrblock freefile Limits on personal casualty or theft losses in the Kansas disaster area. Hrblock freefile   Losses of personal use property that arose in the Kansas disaster area after May 3, 2007, are not subject to the $100 or 10% of adjusted gross income limits. Hrblock freefile Qualifying losses include losses from casualties and thefts that arose in the disaster area and that were attributable to the storms and tornadoes. Hrblock freefile When to deduct the loss. Hrblock freefile   Casualty and theft losses are generally deductible only in the year the casualty occurred or the theft was discovered. Hrblock freefile However, the Kansas disaster area is a Presidentially declared disaster. Hrblock freefile Therefore, you could have elected to deduct losses from these storms and tornadoes on your tax return for the previous year. Hrblock freefile The deadline for making this election has expired. Hrblock freefile   The following special instructions explain how to complete your forms if you deduct the loss in 2007 or elected to deduct the loss in 2006. Hrblock freefile Special instructions for individuals who file Form 4684 to claim a Kansas disaster area casualty or theft loss for 2007 or are amending their 2006 return. Hrblock freefile   Individuals filing or amending their 2007 tax return or amending their 2006 tax return for casualty or theft losses that were attributable to the storms and tornadoes should enter “Kansas Disaster Area” at the top of Form 1040 or 1040X. Hrblock freefile They must also complete and attach the 2006 version of Form 4684 for either year and enter “Kansas Disaster Area” on the top and on the dotted line next to line 11 and enter -0- on line 11. Hrblock freefile Individuals filing or amending their 2007 tax return should cross out “2006” and enter “2007” at the top of Form 4684. Hrblock freefile They must also enter the amount from line 21 of that form on line 20 of Schedule A (Form 1040). Hrblock freefile Replacement Period for Nonrecognition of Gain Generally, an involuntary conversion occurs when property is damaged, destroyed, stolen, seized, requisitioned, or condemned, and you receive other property or money in payment, such as insurance or a condemnation award. Hrblock freefile Generally, you do not have to report a gain (if any) if you replace the property within 2 years (4 years for a main home in a Presidentially declared disaster area). Hrblock freefile However, for property that was involuntarily converted after May 3, 2007, as a result of the storms and tornadoes, a 5-year replacement period applies if substantially all of the use of the replacement property is in the Kansas disaster area. Hrblock freefile For more information, see the Instructions for Form 4684. Hrblock freefile Net Operating Losses Qualified recovery assistance loss. Hrblock freefile   Generally, you can carry a net operating loss (NOL) back to the 2 tax years before the NOL year. Hrblock freefile However, the portion of an NOL that is a qualified recovery assistance loss can be carried back to the 5 tax years before the NOL year. Hrblock freefile In addition, the 90% limit on the alternative tax NOL deduction (ATNOLD) does not apply to such portion of the ATNOLD. Hrblock freefile   A qualified recovery assistance loss is the smaller of: The excess of the NOL for the year over the specified liability loss for the year to which a 10-year carryback applies, or The total of the following deductions (to the extent they are taken into account in computing the NOL for the tax year): Qualified recovery assistance casualty loss (as defined below), Moving expenses paid or incurred after May 3, 2007, and before January 1, 2010, for the employment of an individual whose main home was in the Kansas disaster area before May 4, 2007, who was unable to remain in that home because of the storms and tornadoes, and whose main job location (after the move) is in the Kansas disaster area, Temporary housing expenses paid or incurred after May 3, 2007, and before January 1, 2010, to house employees of the taxpayer whose main job location is in the Kansas disaster area, Depreciation or amortization allowable for any qualified recovery assistance property (even if you elected not to claim the special recovery assistance depreciation allowance for such property) for the year placed in service, and Repair expenses (including expenses for the removal of debris) paid or incurred after May 3, 2007, and before January 1, 2010, for any damage from the storms and tornadoes to property located in the Kansas disaster area. Hrblock freefile Qualified recovery assistance casualty loss. Hrblock freefile   A qualified recovery assistance casualty loss is any deductible section 1231 loss of property located in the Kansas disaster area if the loss was caused by the storms and tornadoes. Hrblock freefile For this purpose, the amount of the loss is reduced by any recognized gain from an involuntary conversion caused by the storms and tornadoes of property located in the Kansas disaster area. Hrblock freefile Any such loss taken into account in figuring your qualified recovery assistance loss is not eligible for the election to be treated as having occurred in the previous tax year. Hrblock freefile Amended return. Hrblock freefile   If you have already filed your 2007 tax return and then carried your NOL back 2 years, you may file an amended return to carry back for 5 years your NOL attributable to a qualified recovery assistance loss. Hrblock freefile More information. Hrblock freefile    For more information on NOLs, see Publication 536. Hrblock freefile IRAs and Other Retirement Plans New rules provide for tax-favored withdrawals, repayments, and loans from certain retirement plans for individuals who suffered economic losses as a result of the storms and tornadoes. Hrblock freefile Definitions Qualified recovery assistance distribution. Hrblock freefile   Except as provided below, a qualified recovery assistance distribution is any distribution you received and designated as such from an eligible retirement plan if all of the following apply. Hrblock freefile The distribution was made after May 3, 2007, and before January 1, 2009. Hrblock freefile Your main home was located in the Kansas disaster area on May 4, 2007. Hrblock freefile You sustained an economic loss because of the storms and tornadoes. Hrblock freefile Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. Hrblock freefile   If (1) through (3) above apply, you can generally designate any distribution (including periodic payments and required minimum distributions) from an eligible retirement plan as a qualified recovery assistance distribution, regardless of whether the distribution was made on account of the storms and tornadoes. Hrblock freefile Qualified recovery assistance distributions are permitted without regard to your need or the actual amount of your economic loss. Hrblock freefile   The total of your qualified recovery assistance distributions from all plans is limited to $100,000. Hrblock freefile If you have distributions in excess of $100,000 from more than one type of plan, such as a 401(k) plan and an IRA, you may allocate the $100,000 limit among the plans any way you choose. Hrblock freefile   A reduction or offset after May 3, 2007, of your account balance in an eligible retirement plan in order to repay a loan can also be designated as a qualified recovery assistance distribution. Hrblock freefile Eligible retirement plan. Hrblock freefile   An eligible retirement plan can be any of the following. Hrblock freefile A qualified pension, profit-sharing, or stock bonus plan (including a 401(k) plan). Hrblock freefile A qualified annuity plan. Hrblock freefile A tax-sheltered annuity contract. Hrblock freefile A governmental section 457 deferred compensation plan. Hrblock freefile A traditional, SEP, SIMPLE, or Roth IRA. Hrblock freefile Main home. Hrblock freefile   Generally, your main home is the home where you live most of the time. Hrblock freefile A temporary absence due to special circumstances, such as illness, education, business, military service, evacuation, or vacation, will not change your main home. Hrblock freefile Taxation of Qualified Recovery Assistance Distributions Qualified recovery assistance distributions are included in income in equal amounts over three years. Hrblock freefile However, if you elect, you can include the entire distribution in your income in the year it was received. Hrblock freefile Qualified recovery assistance distributions are not subject to the additional 10% tax (or the additional 25% tax for certain distributions from SIMPLE IRAs) on early distributions from qualified retirement plans (including IRAs). Hrblock freefile However, any distributions you receive in excess of the $100,000 qualified recovery assistance distribution limit may be subject to the additional tax on early distributions. Hrblock freefile For more information, see How To Report Qualified Recovery Assistance Distributions on page 4. Hrblock freefile Repayment of Qualified Recovery Assistance Distributions If you choose, you generally can repay any portion of a qualified recovery assistance distribution that is eligible for tax-free rollover treatment to an eligible retirement plan. Hrblock freefile Also, you can repay a qualified recovery assistance distribution made on account of a hardship from a retirement plan. Hrblock freefile However, see Exceptions below for qualified recovery assistance distributions you cannot repay. Hrblock freefile You have three years from the day after the date you received the distribution to make a repayment. Hrblock freefile Amounts that are repaid are treated as a qualified rollover and are not included in income. Hrblock freefile Also, for purposes of the one-rollover-per-year limitation for IRAs, a repayment to an IRA is not considered a qualified rollover. Hrblock freefile See Form 8915 for more information on how to report repayments. Hrblock freefile Exceptions. Hrblock freefile   You cannot repay the following types of distributions. Hrblock freefile Qualified recovery assistance distributions received as a beneficiary (other than a surviving spouse). Hrblock freefile Required minimum distributions. Hrblock freefile Periodic payments (other than from an IRA) that are for: A period of 10 years or more, Your life or life expectancy, or The joint lives or joint life expectancies of you and your beneficiary. Hrblock freefile How To Report Qualified Recovery Assistance Distributions You will need the following information to correctly report any 2007 or 2008 qualified recovery assistance distributions. Hrblock freefile 2007 Qualified Recovery Assistance Distributions If you received a distribution after May 3, 2007, from an eligible retirement plan, you may be able to designate it as a qualified recovery assistance distribution. Hrblock freefile See Qualified recovery assistance distribution on page 3. Hrblock freefile If you have not filed your 2007 income tax return, see Form 8915 and Form 8606 on this page to see how to complete these forms for any qualified recovery assistance distributions. Hrblock freefile Be sure to attach Form 8915 and Form 8606 (if required) to your 2007 income tax return. Hrblock freefile If you have filed your 2007 income tax return, you will need to amend your return to designate any distributions as qualified recovery assistance distributions. Hrblock freefile You can amend your 2007 income tax return by using Form 1040X. Hrblock freefile You will need to complete and attach Form 8915 and Form 8606 (if required) to your amended income tax return for any qualified recovery assistance distributions. Hrblock freefile See Form 8915 and Form 8606 on this page. Hrblock freefile Form 8915. Hrblock freefile   For a 2007 qualified recovery assistance distribution, complete the 2005 Form 8915, Qualified Hurricane Retirement Plan Distributions and Repayments. Hrblock freefile Before you complete the form, modify the form as follows. Hrblock freefile Cross out “Hurricane” in the title at the top of the form and enter “Recovery Assistance. Hrblock freefile ” To the right of the title, cross out “2005” and enter “2007. Hrblock freefile ” In Part I, at the top of column (a), cross out “2005” and enter “2007. Hrblock freefile ” In Part II, cross out “Hurricane” in the title and enter “Recovery Assistance. Hrblock freefile ” On lines 10 and 11, cross out “2005” and enter “2007. Hrblock freefile ” In Part III, cross out “Hurricane” in the title and enter “Recovery Assistance. Hrblock freefile ” On line 12, cross out “hurricane” and enter “recovery assistance. Hrblock freefile ” On lines 13 and 14, cross out “line 15b” and “line 25b. Hrblock freefile ” On lines 18 and 19, cross out “2005” and enter “2007. Hrblock freefile ”   You can now complete Form 8915. Hrblock freefile For the instructions, use the applicable dates and terms in this publication instead of those used in the 2005 Form 8915 instructions. Hrblock freefile See Example 1 on page 5 to see how to complete Form 8915. Hrblock freefile Form 8606. Hrblock freefile   For a 2007 qualified recovery assistance distribution, complete or amend the 2007 Form 8606, Nondeductible IRAs. Hrblock freefile Before you complete or amend the form, use the following additional instructions. Hrblock freefile Form 8606, Part I. Hrblock freefile    On line 6, subtract any repayments of qualified recovery assistance distributions from the amount you would otherwise enter on line 6. Hrblock freefile Do not enter an amount less than -0-. Hrblock freefile Include on line 7 the amount of any qualified recovery assistance distributions that you received even if they were later repaid. Hrblock freefile Complete line 15 as follows. Hrblock freefile If all of your distributions are qualified recovery assistance distributions, enter the amount from line 15 on Form 8915, line 13. Hrblock freefile Do not enter this amount on Form 1040, line 15b; Form 1040A, line 11b; or Form 1040NR, line 16b. Hrblock freefile If you have qualified recovery assistance distributions as well as other distributions, you will need to multiply the amount on line 15 by a fraction. Hrblock freefile The numerator of the fraction is your total qualified recovery assistance distributions and the denominator is the amount from Form 8606, line 7. Hrblock freefile Enter the result in the white space in the bottom margin of the form under line 15. Hrblock freefile To the left of this amount, enter “Qualified recovery assistance distributions” and also enter this amount on Form 8915, line 13. Hrblock freefile Then, subtract this amount from the amount on line 15 and include the result on Form 1040, line 15b; Form 1040A, line 11b; or Form 1040NR, line 16b. Hrblock freefile Also, enter this amount on Form 8606 under your qualified recovery assistance distributions. Hrblock freefile To the left of this amount, enter “Other distributions. Hrblock freefile ” Form 8606, Part III. Hrblock freefile    Include on line 19 the amount of any qualified recovery assistance distributions that you received even if they were later repaid. Hrblock freefile Complete line 25 as follows. Hrblock freefile If all of your distributions are qualified recovery assistance distributions, enter the amount from line 25 on Form 8915, line 14. Hrblock freefile Do not enter this amount on Form 1040, line 15b; Form 1040A, line 11b; or Form 1040NR, line 16b. Hrblock freefile If you have qualified recovery assistance distributions as well as other distributions, you will need to multiply the amount on line 25 by a fraction. Hrblock freefile The numerator of the fraction is your total qualified recovery assistance distributions and the denominator is the amount from Form 8606, line 21. Hrblock freefile Enter the result in the white space in the bottom margin of the form under line 25. Hrblock freefile To the left of this amount, enter “Qualified recovery assistance distributions” and also enter this amount on Form 8915, line 14. Hrblock freefile Then, subtract this amount from the amount on line 25 and include the result on Form 1040, line 15b; Form 1040A, line 11b; or Form 1040NR, line 16b. Hrblock freefile Also, enter this amount on Form 8606 under your qualified recovery assistance distributions. Hrblock freefile To the left of this amount, enter “Other distributions. Hrblock freefile ” Example 1. Hrblock freefile   On May 4, 2007, Margaret Maple lost her home due to the tornadoes on that day. Hrblock freefile Her home was located in the Kansas disaster area. Hrblock freefile On July 31, 2007, Margaret took out $30,000 from her 401(k) plan and an additional $15,000 from her traditional IRA in order to rebuild her home. Hrblock freefile Margaret has not filed her 2007 return yet but would like to designate the $45,000 in distributions from her retirement plans as qualified recovery assistance distributions. Hrblock freefile Since the distributions occurred in 2007, Margaret would modify and complete the 2005 Form 8915 as discussed on page 4. Hrblock freefile Margaret would also need to complete Form 8606 since her distribution from her traditional IRA has nondeductible contributions from previous years. Hrblock freefile   In addition to the $15,000 qualified recovery assistance distribution on July 31, 2007, Margaret received an additional distribution of $15,000 from her traditional IRA on October 31, 2007, that she did not designate as a qualified recovery assistance distribution. Hrblock freefile Because Margaret has a qualified recovery assistance distribution as well as a distribution not so designated, Margaret must allocate the amount on Form 8606, line 15 to both distributions, as discussed earlier. Hrblock freefile Margaret's qualified recovery assistance distributions are $13,125 ($26,250 × $15,000 ÷ $30,000). Hrblock freefile Margaret enters in the white space in the bottom margin of Form 8606, the following, “Qualified recovery assistance distributions $13,125. Hrblock freefile ” This amount is then reported on Form 8915, line 13. Hrblock freefile Below this entry, Margaret enters “Other distributions $13,125,” and includes this amount on Form 1040, line 15b. Hrblock freefile See Margaret's modified 2005 Form 8915 and 2007 Form 8606 shown on pages 6 through 8. Hrblock freefile This image is too large to be displayed in the current screen. Hrblock freefile Please click the link to view the image. Hrblock freefile 2005 Form 8915, page 1, Illustrated Example 1. Hrblock freefile This image is too large to be displayed in the current screen. Hrblock freefile Please click the link to view the image. Hrblock freefile 2005 Form 8915, page 2, Illustrated Example 1 This image is too large to be displayed in the current screen. Hrblock freefile Please click the link to view the image. Hrblock freefile Form 8606, page 1, Illustrated Example 1 2008 Qualified Recovery Assistance Distributions If you received a distribution in 2008 from an eligible retirement plan, you may be able to designate it as a qualified recovery assistance distribution. Hrblock freefile See Qualified recovery assistance distribution on page 3. Hrblock freefile You will need to complete and attach Form 8915 and Form 8606 (if required) to your 2008 income tax return for any qualified recovery assistance distributions. Hrblock freefile See Form 8915 and Form 8606 below. Hrblock freefile Form 8915. Hrblock freefile   For a 2008 qualified recovery assistance distribution, you will need to complete the 2006 Form 8915. Hrblock freefile Before you complete the form, modify the form as follows. Hrblock freefile Cross out “Hurricane” in the title at the top of the form and enter “Recovery Assistance. Hrblock freefile ” To the right of the title, cross out “2006” and enter “2008. Hrblock freefile ” In the first sentence of Part I and on line 1, cross out “hurricane” and enter “recovery assistance,” cross out “2006” and enter “2008,” and cross out “2005” and enter “2007. Hrblock freefile ” At the top of column (a) cross out “2006” and enter “2008. Hrblock freefile ” In Part II, cross out “Hurricane” in the title and enter “Recovery Assistance. Hrblock freefile ” On lines 12, 14, and 15, cross out “2005” and enter “2007. Hrblock freefile ” On lines 17 and 19, cross out “2006” and enter “2008. Hrblock freefile ” In Part III, cross out “Hurricane” in the title and enter “Recovery Assistance. Hrblock freefile ” On line 21, cross out “hurricane” and enter “recovery assistance. Hrblock freefile ” On lines 22 and 23, cross out “line 15b” and “line 25b. Hrblock freefile ” On lines 27, 29, and 30, cross out “2005” and enter “2007. Hrblock freefile ” On lines 32 and 34, cross out “2006” and enter “2008. Hrblock freefile ”   You can now complete Form 8915. Hrblock freefile For the instructions, use the applicable dates and terms in this publication instead of those used in the 2006 Form 8915 instructions. Hrblock freefile Example 2. Hrblock freefile   On June 15, 2008, Margaret Maple, from the previous example, took out $15,000 from her 401(k) plan that she is designating as a qualified recovery assistance distribution. Hrblock freefile Since the distribution occurred in 2008, Margaret would modify and complete the 2006 Form 8915 as discussed above. Hrblock freefile Also, since Margaret is including her 2007 recovery assistance distributions in income over 3 years, she reports the applicable amount of those distributions on the modified 2006 Form 8915. Hrblock freefile See Margaret's modified 2006 Form 8915 shown on pages 9 and 10. Hrblock freefile This image is too large to be displayed in the current screen. Hrblock freefile Please click the link to view the image. Hrblock freefile 2006 Form 8915, page 1, Illustrated Example 2 This image is too large to be displayed in the current screen. Hrblock freefile Please click the link to view the image. Hrblock freefile 2006 Form 8915, page 2, Illustrated Example 2 Form 8606. Hrblock freefile   For a 2008 qualified recovery assistance distribution, you may need to complete the 2008 Form 8606. Hrblock freefile Before you complete Form 8606, use the additional instructions outlined in Form 8606, Part I, on page 4 and Form 8606, Part III, on this page. Hrblock freefile Repayment of Qualified Distributions for the Purchase or Construction of a Main Home If you received a qualified distribution to purchase or construct a main home in the Kansas disaster area, you can repay part or all of that distribution after May 3, 2007, but no later than October 22, 2008, to an eligible retirement plan. Hrblock freefile For this purpose, an eligible retirement plan is any plan, annuity, or IRA to which a qualified rollover can be made. Hrblock freefile To be a qualified distribution, the distribution must meet all of the following requirements. Hrblock freefile The distribution is a hardship distribution from a 401(k) plan, a hardship distribution from a tax-sheltered annuity contract, or a qualified first-time homebuyer distribution from an IRA. Hrblock freefile The distribution was received after November 4, 2006, and before May 5, 2007. Hrblock freefile The distribution was to be used to purchase or construct a main home in the Kansas disaster area that was not purchased or constructed because of the storms and tornadoes. Hrblock freefile Amounts that are repaid before October 23, 2008, are treated as a qualified rollover and are not included in income. Hrblock freefile Also, for purposes of the one-rollover-per-year limitation for IRAs, a repayment to an IRA is not considered a qualified rollover. Hrblock freefile A qualified distribution not repaid before October 23, 2008, may be taxable for 2006 or 2007 and subject to the additional 10% tax (or the additional 25% tax for certain SIMPLE IRAs) on early distributions. Hrblock freefile You must file Form 8915 if you received a qualified distribution that you repaid, in whole or in part, before October 23, 2008. Hrblock freefile See How to report, next, for information on completing Form 8915. Hrblock freefile How to report. Hrblock freefile   To report the repayment of a qualified distribution for the purchase or construction of a main home that was not purchased or constructed due to the storms and tornadoes, use the 2005 Form 8915, Part IV. Hrblock freefile Before you complete the form, modify the form as follows. Hrblock freefile Cross out “Hurricane” in the title at the top of the form and enter “Recovery Assistance. Hrblock freefile ” To the right of the title, cross out “2005” and enter “2006” or “2007. Hrblock freefile ” Enter only the year the distribution was received. Hrblock freefile Cross out “Hurricane” in the title of Part IV and enter “Kansas. Hrblock freefile ” In the sentence below the title of Part IV, cross out “March 1, 2006” and enter “October 23, 2008. Hrblock freefile ” On line 24, cross out “March 1, 2006” and enter “October 23, 2008. Hrblock freefile ” You can now complete Part IV of Form 8915. Hrblock freefile Use the applicable dates and terms in this publication instead of those used in the 2005 Form 8915 instructions to complete the form. Hrblock freefile Attach Form 8915 to your original or amended return for the year of the distribution. Hrblock freefile Amended return. Hrblock freefile   If you repay part or all of a qualified distribution by October 22, 2008, you will need to file an amended return for that part of a distribution that was previously included in income. Hrblock freefile Loans From Qualified Plans The following benefits are available to qualified individuals. Hrblock freefile Increases to the limits for distributions treated as loans from employer plans. Hrblock freefile A 1-year suspension for payments due on plan loans. Hrblock freefile Qualified individual. Hrblock freefile   You are a qualified individual if your main home on May 4, 2007, was located in the Kansas disaster area and you had an economic loss because of the storms and tornadoes. Hrblock freefile Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. Hrblock freefile Limits on plan loans. Hrblock freefile   The $50,000 limit for distributions treated as plan loans is increased to $100,000. Hrblock freefile In addition, the limit based on 50% of your vested accrued benefit is increased to 100% of that benefit. Hrblock freefile If your home was located in the Kansas disaster area, the higher limits apply only to loans received during the period beginning on May 22, 2008, and ending on December 31, 2008. Hrblock freefile One-year suspension of loan payments. Hrblock freefile   Payments on plan loans outstanding after May 3, 2007, may be suspended for 1 year by the plan administrator. Hrblock freefile To qualify for the suspension, the due date for any loan payment must occur during the period beginning on May 4, 2007, and ending on December 31, 2008. Hrblock freefile Additional Tax Relief for Businesses Special Depreciation Allowance You can take a special depreciation allowance for qualified recovery assistance property (as defined below) you acquire after May 4, 2007. Hrblock freefile The special allowance is an additional deduction of 50% of the property's depreciable basis (after any section 179 deduction and before figuring your regular depreciation deduction). Hrblock freefile The special allowance applies only for the first year the property is placed in service. Hrblock freefile The special allowance is deductible for both the regular tax and the alternative minimum tax (AMT). Hrblock freefile There is no AMT adjustment required for any depreciation figured on the remaining basis of the property. Hrblock freefile You can elect not to deduct the special allowance for qualified recovery assistance property. Hrblock freefile If you make this election for any property, it applies to all property in the same class placed in service during the year. Hrblock freefile Qualified recovery assistance property. Hrblock freefile   Property that qualifies for the special allowance for qualified recovery assistance property includes the following. Hrblock freefile Tangible property depreciated under the modified accelerated cost recovery system (MACRS) with a recovery period of 20 years or less. Hrblock freefile Water utility property. Hrblock freefile Computer software that is readily available for purchase by the general public, is subject to a nonexclusive license, and has not been substantially modified. Hrblock freefile (The cost of some computer software is treated as part of the cost of hardware and is depreciated under MACRS. Hrblock freefile ) Qualified leasehold improvement property. Hrblock freefile Nonresidential real property and residential rental property. Hrblock freefile   For more information on this property, see Publication 946. Hrblock freefile Other tests to be met. Hrblock freefile   To be qualified recovery assistance property, the property must also meet all of the following tests. Hrblock freefile You must have acquired the property, by purchase, after May 4, 2007, but only if no binding written contract for the acquisition was in effect before May 5, 2007. Hrblock freefile The property must be placed in service before 2009 (2010 in the case of nonresidential real property and residential rental property). Hrblock freefile Substantially all of the use of the property must be in the Kansas disaster area and in the active conduct of your trade or business in the Kansas disaster area. Hrblock freefile The original use of the property in the Kansas disaster area must begin with you after May 4, 2007. Hrblock freefile Used property can be qualified recovery assistance property if it has not previously been used within the Kansas disaster area. Hrblock freefile Also, additional capital expenditures you incurred after May 4, 2007, to recondition or rebuild your property meet the original use test if the original use of the property in the Kansas disaster area began with you. Hrblock freefile Excepted property. Hrblock freefile   Qualified recovery assistance property does not include any of the following. Hrblock freefile Property required to be depreciated using the Alternative Depreciation System (ADS). Hrblock freefile Property any portion of which is financed with the proceeds of a tax-exempt obligation under section 103. Hrblock freefile Property for which you are claiming a commercial revitalization deduction. Hrblock freefile Property in the same class as that for which you elected not to claim the special allowance for qualified recovery assistance property. Hrblock freefile Property placed in service and disposed of in the same tax year. Hrblock freefile Property converted from business use to personal use in the same tax year it is placed in service. Hrblock freefile Property converted from personal use to business use in the same or later tax year may be qualified recovery assistance property. Hrblock freefile Recapture of special allowance. Hrblock freefile   If, in any year after the year you claim the special allowance, the property ceases to be qualified recovery assistance property, you may have to recapture as ordinary income any excess benefit you received from claiming the special allowance. Hrblock freefile Amended return. Hrblock freefile   If you have already filed your tax return, you may have to amend that return to claim any special allowance. Hrblock freefile Additional guidance will be published on how you may claim, or elect not to claim, the special allowance if you have already filed your tax return. Hrblock freefile Increased Section 179 Deduction An increased section 179 deduction is allowable for qualified section 179 recovery assistance property (as defined later) placed in service in the Kansas disaster area. Hrblock freefile Increased dollar limit. Hrblock freefile   The limit on the section 179 deduction ($125,000 for 2007, $250,000 for 2008) is increased by the smaller of: $100,000, or The cost of qualified section 179 recovery assistance property placed in service during the year (including such property placed in service by your spouse, even if you are filing a separate return). Hrblock freefile   The amount for which you can make the election is reduced if the cost of all section 179 property you placed in service during the year exceeds $500,000 for 2007 and $800,000 for 2008 increased by the smaller of: $600,000, or The cost of qualified section 179 recovery assistance property placed in service during the year. Hrblock freefile Qualified section 179 recovery assistance property. Hrblock freefile   Qualified section 179 recovery assistance property is section 179 property that is qualified recovery assistance property (explained earlier under Special Depreciation Allowance). Hrblock freefile Section 179 property does not include nonresidential real property or residential rental property. Hrblock freefile For more information, including the requirements that must be met for property to qualify for the section 179 deduction, see chapter 2 of Publication 946. Hrblock freefile Amended return. Hrblock freefile   If you have already filed your tax return, you may have to amend that return for any increased section 179 deduction. Hrblock freefile Employee Retention Credit An eligible employer who conducted an active trade or business in the Kansas disaster area can claim the employee retention credit. Hrblock freefile The credit is 40% of qualified wages for each eligible employee (up to a maximum of $6,000 in qualified wages per employee). Hrblock freefile Generally, you must reduce your deduction for salaries and wages by the amount of this credit (before the tax liability limit). Hrblock freefile Use Form 5884-A to claim the credit. Hrblock freefile See Form 5884-A later. Hrblock freefile The following rules and definitions apply. Hrblock freefile Employers affected by the storms and tornadoes. Hrblock freefile   The following definitions apply to employers affected by the storms and tornadoes. Hrblock freefile Eligible employer. Hrblock freefile   For this purpose, an eligible employer is any employer who meets all of the following. Hrblock freefile Employed an average of not more than 200 employees on business days during the tax year before May 4, 2007. Hrblock freefile Conducted an active trade or business on May 4, 2007, in the Kansas disaster area. Hrblock freefile Whose trade or business was inoperable on any day after May 4, 2007, and before January 1, 2008, because of damage caused by the storms and tornadoes. Hrblock freefile Eligible employee. Hrblock freefile   For this purpose, an eligible employee is an employee whose principal place of employment on May 4, 2007, with the eligible employer was in the Kansas disaster area. Hrblock freefile An employee is not an eligible employee for purposes of the storms and tornadoes if the employee is treated as an eligible employee for the work opportunity credit. Hrblock freefile Qualified wages. Hrblock freefile   Qualified wages are wages you paid or incurred before January 1, 2008, (up to $6,000 per employee) for an eligible employee beginning on the date your trade or business first became inoperable at the employee's principal place of employment immediately before May 4, 2007, and ending on the date your trade or business resumed significant operations at that place. Hrblock freefile In addition, the wages must have been paid or incurred after May 4, 2007. Hrblock freefile    This includes wages paid even if the employee performed no services, performed services at a place of employment other than the principal place of employment, or performed services at the principal place of employment before significant operations resumed. Hrblock freefile    Wages qualifying for the credit generally have the same meaning as wages subject to the Federal Unemployment Tax Act (FUTA). Hrblock freefile Qualified wages also include amounts you paid for medical or hospitalization expenses in connection with sickness or accident disability. Hrblock freefile Qualified wages for any employee must be reduced by the amount of any work supplementation payment you received under the Social Security Act. Hrblock freefile   For agricultural employees, if the work performed by any employee during more than half of any pay period qualified under FUTA as agricultural labor, that employee's wages subject to social security and Medicare taxes are qualified wages. Hrblock freefile For a special rule that applies to railroad employees, see section 51(h)(1)(B). Hrblock freefile   Qualified wages do not include the following. Hrblock freefile Wages paid to your dependent or a related individual. Hrblock freefile See section 51(i)(1). Hrblock freefile Wages paid to any employee during the period for which you received payment for the employee from a federally funded on-the-job training program. Hrblock freefile Wages for services of replacement workers during a strike or lockout. Hrblock freefile Form 5884-A. Hrblock freefile   Use Section A of Form 5884-A (Rev. Hrblock freefile October 2006) to claim the employer retention credit. Hrblock freefile Section B does not apply to the Kansas disaster area. Hrblock freefile Before you complete the form, modify the form as follows. Hrblock freefile Cross out “Hurricane Katrina, Rita, or Wilma” in the title at the top of the form and enter “Kansas Storms and Tornadoes. Hrblock freefile ” On line 1a cross out “Hurricane Katrina” and enter “Kansas Storms and Tornadoes,” cross out “August 28, 2005,” and enter “May 4, 2007,” and cross out “January 1, 2006,” and enter “January 1, 2008. Hrblock freefile ”   Complete the form as instructed. Hrblock freefile Lines 1b and 1c do not apply. Hrblock freefile Include the amount from Form 5884-A, line 4 in the amount entered on Form 3800, line 1x. Hrblock freefile On the dotted line to the left of line 1x, enter “5884-A. Hrblock freefile ” Use the applicable dates and terms in this publication instead of those used in the Form 5884-A instructions. Hrblock freefile Amended return. Hrblock freefile   You may have to amend a previously filed return to claim the employee retention credit. Hrblock freefile Demolition and Clean-up Costs You can elect to deduct 50% of any qualified recovery assistance clean-up costs for the tax year in which the costs are paid or incurred, instead of capitalizing them. Hrblock freefile Qualified recovery assistance clean-up costs are any amounts paid or incurred after May 3, 2007, and before January 1, 2010, for the removal of debris from, or the demolition of structures on, real property located in the Kansas disaster area that is: Held by you for use in a trade or business or for the production of income, or Inventory or other property held primarily for sale to customers in the ordinary course of your trade or business. Hrblock freefile Amended return. Hrblock freefile   If you have already filed your tax return, you may have to amend that return to claim the 50% of any qualified recovery assistance clean-up costs. Hrblock freefile Request for Copy or Transcript of Tax Return Request for copy of tax return. Hrblock freefile   You can use Form 4506 to order a copy of your tax return. Hrblock freefile Generally, there is a $39. Hrblock freefile 00 fee (subject to change) for requesting each copy of a tax return. Hrblock freefile If your main home, principal place of business, or tax records are located in a Presidentially declared disaster area, the fee will be waived if the assigned disaster designation (for example, “Kansas Storms”) is written in red across the top of the form when filed. Hrblock freefile Request for transcript of tax return. Hrblock freefile   You can use Form 4506-T to order a free transcript of your tax return. Hrblock freefile A transcript provides most of the line entries from a tax return and usually contains the information that a third party requires. Hrblock freefile You can also call 1-800-829-1040 to order a transcript. Hrblock freefile How To Get Tax Help You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get information from the IRS in several ways. Hrblock freefile By selecting the method that is best for you, you will have quick and easy access to tax help. Hrblock freefile Contacting your Taxpayer Advocate. Hrblock freefile   The Taxpayer Advocate Service (TAS) is an independent organization within the IRS whose employees assist taxpayers who are experiencing economic harm, who are seeking help in resolving tax problems that have not been resolved through normal channels, or who believe that an IRS system or procedure is not working as it should. Hrblock freefile   You can contact the TAS by calling the TAS toll-free case intake line at 1-877-777-4778 or TTY/TDD 1-800-829-4059 to see if you are eligible for assistance. Hrblock freefile You can also call or write to your local taxpayer advocate, whose phone number and address are listed in your local telephone directory and in Publication 1546, Taxpayer Advocate Service — Your Voice at the IRS. Hrblock freefile You can file Form 911, Request for Taxpayer Advocate Service Assistance (And Application for Taxpayer Assistance Order), or ask an IRS employee to complete it on your behalf. Hrblock freefile For more information, go to www. Hrblock freefile irs. Hrblock freefile gov/advocate. Hrblock freefile Low Income Taxpayer Clinics (LITCs). Hrblock freefile   LITCs are independent organizations that provide low income taxpayers with representation in federal tax controversies with the IRS for free or for a nominal charge. Hrblock freefile The clinics also provide tax education and outreach for taxpayers who speak English as a second language. Hrblock freefile Publication 4134, Low Income Taxpayer Clinic List, provides information on clinics in your area. Hrblock freefile It is available at www. Hrblock freefile irs. Hrblock freefile gov or your local IRS office. Hrblock freefile Free tax services. Hrblock freefile   To find out what services are available, get Publication 910, IRS Guide to Free Tax Services. Hrblock freefile It contains lists of free tax information sources, including publications, services, and free tax education and assistance programs. Hrblock freefile It also has an index of over 100 TeleTax topics, (recorded tax information) you can listen to on your telephone. Hrblock freefile   Accessible versions of IRS published products are available on request in a variety of alternative formats for people with disabilities. Hrblock freefile Free help with your return. Hrblock freefile   Free help in preparing your return is available nationwide from IRS-trained volunteers. Hrblock freefile The Volunteer Income Tax Assistance (VITA) program is designed to help low-income taxpayers and Tax Counseling for the Elderly (TCE) program is designed to assist taxpayers age 60 and older with their tax returns. Hrblock freefile Many VITA sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. Hrblock freefile To find a site near you, call 1-800-829-1040. Hrblock freefile Or to find the nearest AARP TaxAide site, visit AARP's website at www. Hrblock freefile aarp. Hrblock freefile org/taxaide or call 1-888-227-7669. Hrblock freefile For more information on these programs, go to www. Hrblock freefile irs. Hrblock freefile gov and enter keyword “VITA” in the upper right-hand corner. Hrblock freefile Internet. Hrblock freefile You can access the IRS website at www. Hrblock freefile irs. Hrblock freefile gov 24 hours a day, 7 days a week to: E-file your return. Hrblock freefile Find out about commercial tax preparation and e-file services available free to eligible taxpayers. Hrblock freefile Check the status of your refund. Hrblock freefile Click on Where's My Refund. Hrblock freefile Wait at least 6 weeks from the date you filed your return (3 weeks if you filed electronically). Hrblock freefile Have your tax return available because you will need to know your social security number, your filing status, and the exact whole dollar amount of your refund. Hrblock freefile Download forms, instructions, and publications. Hrblock freefile Order IRS products online. Hrblock freefile Research your tax questions online. Hrblock freefile Search publications online by topic or keyword. Hrblock freefile View Internal Revenue Bulletins (IRBs) published in the last few years. Hrblock freefile Figure your withholding allowances using the withholding calculator online at www. Hrblock freefile irs. Hrblock freefile gov/individuals. Hrblock freefile Determine if Form 6251 must be filed using our Alternative Minimum Tax (AMT) Assistant. Hrblock freefile Sign up to receive local and national tax news by email. Hrblock freefile Get information on starting and operating a small business. Hrblock freefile Phone. Hrblock freefile Many services are available by phone. Hrblock freefile Ordering forms, instructions, and publications. Hrblock freefile Call 1-800-829-3676 to order current-year forms, instructions, and publications, and prior-year forms and instructions. Hrblock freefile You should receive your order within 10 days. Hrblock freefile Asking tax questions. Hrblock freefile Call the IRS with your tax questions at 1-800-829-1040. Hrblock freefile Solving problems. Hrblock freefile You can get face-to-face help solving tax problems every business day in IRS Taxpayer Assistance Centers. Hrblock freefile An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. Hrblock freefile Call your local Taxpayer Assistance Center for an appointment. Hrblock freefile To find the number, go to www. Hrblock freefile irs. Hrblock freefile gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. Hrblock freefile TTY/TDD equipment. Hrblock freefile If you have access to TTY/TDD equipment, call 1-800-829-4059 to ask tax questions or to order forms and publications. Hrblock freefile TeleTax topics. Hrblock freefile Call 1-800-829-4477 to listen to pre-recorded messages covering various tax topics. Hrblock freefile Refund information. Hrblock freefile To check the status of your refund, call 1-800-829-4477 and press 1 for automated refund information or call 1-800-829-1954. Hrblock freefile Be sure to wait at least 6 weeks from the date you filed your return (3 weeks if you filed electronically). Hrblock freefile Have your tax return available because you will need to know your social security number, your filing status, and the exact whole dollar amount of your refund. Hrblock freefile Evaluating the quality of our telephone services. Hrblock freefile To ensure IRS representatives give accurate, courteous, and professional answers, we use several methods to evaluate the quality of our telephone services. Hrblock freefile One method is for a second IRS representative to listen in on or record random telephone calls. Hrblock freefile Another is to ask some callers to complete a short survey at the end of the call. Hrblock freefile Walk-in. Hrblock freefile Many products and services are available on a walk-in basis. Hrblock freefile Products. Hrblock freefile You can walk in to many post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. Hrblock freefile Some IRS offices, libraries, grocery stores, copy centers, city and county government offices, credit unions, and office supply stores have a collection of products available to print from a CD or photocopy from reproducible proofs. Hrblock freefile Also, some IRS offices and libraries have the Internal Revenue Code, regulations, Internal Revenue Bulletins, and Cumulative Bulletins available for research purposes. Hrblock freefile Services. Hrblock freefile You can walk in to your local Taxpayer Assistance Center every business day for personal, face-to-face tax help. Hrblock freefile An employee can explain IRS letters, request adjustments to your tax account, or help you set up a payment plan. Hrblock freefile If you need to resolve a tax problem, have questions about how the tax law applies to your individual tax return, or you're more comfortable talking with someone in person, visit your local Taxpayer Assistance Center where you can spread out your records and talk with an IRS representative face-to-face. Hrblock freefile No appointment is necessary — just walk in. Hrblock freefile If you prefer, you can call your local Center and leave a message requesting an appointment to resolve a tax account issue. Hrblock freefile A representative will call you back within 2 business days to schedule an in-person appointment at your convenience. Hrblock freefile If you have an ongoing, complex tax account problem or a special need, such as a disability, an appointment may be requested. Hrblock freefile All other issues will be handled without an appointment. Hrblock freefile To find the number of your local office, go to www. Hrblock freefile irs. Hrblock freefile gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. Hrblock freefile Mail. Hrblock freefile You can send your order for forms, instructions, and publications to the address below. Hrblock freefile You should receive a response within 10 days after your request is received. Hrblock freefile Internal Revenue Service 1201 N. Hrblock freefile Mitsubishi Motorway Bloomington, IL 61705-6613 CD/DVD for tax products. Hrblock freefile You can order Publication 1796, IRS Tax Products CD/DVD, and obtain: Current-year forms, instructions, and publications. Hrblock freefile Prior-year forms, instructions, and publications. Hrblock freefile Bonus: Historical Tax Products DVD - Ships with the final release. Hrblock freefile IRS Tax Map: an electronic research tool and finding aid. Hrblock freefile Tax law frequently asked questions (FAQ). Hrblock freefile Tax Topics from the IRS telephone response system. Hrblock freefile Fill-in, print, and save features for most tax forms. Hrblock freefile Internal Revenue Bulletins. Hrblock freefile Toll-free and email technical support. Hrblock freefile The CD/DVD is released twice during the year in January and March. Hrblock freefile Purchase the CD/DVD from National Technical Information Service (NTIS) at www. Hrblock freefile irs. Hrblock freefile gov/cdorders for $35 (no handling fee) or call 1-877-CDFORMS (1-877-233-6767) toll free to buy the CD/DVD for $35 (plus a $5 handling fee). Hrblock freefile Price is subject to change. Hrblock freefile CD for small businesses. Hrblock freefile Publication 3207, The Small Business Resource Guide CD, is a must for every small business owner or any taxpayer about to start a business. Hrblock freefile This year's CD includes: Helpful information, such as how to prepare a business plan, find financing for your business, and much more. Hrblock freefile All the business tax forms, instructions, and publications needed to successfully manage a business. Hrblock freefile Tax law changes. Hrblock freefile Tax Map: an electronic research tool and finding aid. Hrblock freefile Web links to various government agencies, business associations, and IRS organizations. Hrblock freefile “Rate the Product” survey—your opportunity to suggest changes for future editions. Hrblock freefile A site map of the CD to help you navigate the pages of the CD with ease. Hrblock freefile An interactive “Teens in Biz” module that gives practical tips for teens about starting their own business, creating a business plan, and filing taxes. Hrblock freefile An updated version of this CD is available each year in early April. Hrblock freefile You can get a free copy by calling 1-800-829-3676 or by visiting www. Hrblock freefile irs. Hrblock freefile gov/smallbiz. Hrblock freefile Prev  Up  Next   Home   More Online Publications
Print - Click this link to Print this page

Understanding your CP504B Notice

You have an unpaid amount due on your account. If you do not pay the amount due immediately, the
IRS will seize (levy) certain property or rights to property and apply it to pay the
amount you owe.

Printable samples of this notice (PDF)

Tax publications you may find useful

How to get help

Calling the 1-800 number listed on the top right corner of your notice is the fastest way to get your questions answered.

You can also authorize someone (such as an accountant) to contact the IRS on your behalf using this Power of Attorney and Declaration of Representative (Form 2848).

Or you may qualify for help from a Low Income Taxpayer Clinic.
 


What you need to do

  • Read your notice carefully — it explains your due date, amount due, and payment options.
  • Make your payment by your due date. Go to the payments page to find out more about your payment options.

You may want to...


Answers to Common Questions

What is the notice telling me?
This notice is telling you that we intend to issue a levy against certain property or rights to property because you still have a balance due on one of your tax accounts. You must pay this amount immediately to avoid this. It is also telling you that we will begin searching for other assets on which to issue a levy. We may also file a Federal Tax Lien, if we have not already done so.

What do I have to do?
Pay the amount due shown on the notice. Mail us your payment in the envelope we sent you. Include the bottom part of the notice to make sure we correctly credit your account.

If you can't pay the whole amount now, call us at the number printed at the top of the notice to see if you qualify for an installment agreement.

How much time do I have?
You should pay your balance due by the due date shown on your notice.

What happens if I don't pay or contact the IRS?
If you don't pay the amount due, we may send you a notice giving you a right to a hearing before the IRS Office of Appeals if you have not already received such a notice. We may then seize ("levy") your property or rights to property. Property includes:

  • Wages, real estate commissions, and other income
  • Bank accounts
  • Business assets
  • Personal assets (including your car and home)
  • Social Security benefits

This is your notice of intent to levy as required by Internal Revenue Code section 6331(d).

If you don't pay the amount due or call us to make payment arrangements, we can file a Notice of Federal Tax Lien on your property at any time, if we haven’t already done so.

If the lien is in place, you may find it difficult to sell or borrow against your property. The tax lien would also appear on your credit report ― which may harm your credit rating ― and your creditors would also be publicly notified that the IRS has priority to seize your property.

Who should I contact?
If you have any questions about the notice, call us at the number printed at the top of the notice. A customer service representative will assist you.

What if I don't agree or have already taken corrective action?
If you do not agree with this notice, contact us immediately at the number printed at the top of the notice. We will do our best to help you. If you have already paid this liability or arranged to pay it with an installment agreement, you should still call us at the number printed at the top of the notice to make sure your account reflects this.

Page Last Reviewed or Updated: 05-Mar-2014

The Hrblock Freefile

Hrblock freefile Index A Additional Medicare Tax, What's New for 2013, What's New, Employment Taxes, Additional Medicare Tax. Hrblock freefile Advertising, Advertising expenses. Hrblock freefile Amortization Anti-abuse rule, Anti-abuse rule. Hrblock freefile Anti-churning rules, Anti-Churning Rules Atmospheric pollution control facilities, Pollution Control Facilities Corporate organization costs, Costs of Organizing a Corporation Dispositions of section 197 intangibles, Disposition of Section 197 Intangibles Experimental costs, Research and Experimental Costs Geological and geophysical costs, Geological and Geophysical Costs How to deduct, How To Deduct Amortization Incorrect amount deducted, Incorrect Amount of Amortization Deducted Partnership organization costs, Costs of Organizing a Partnership Pollution control facilities, Pollution Control Facilities Reforestation costs, Reforestation Costs Reforestation expenses, Reforestation Costs Related person, Related person. Hrblock freefile Research costs, Research and Experimental Costs Section 197 intangibles defined, Section 197 Intangibles Defined Start-up costs, Business Start-Up Costs Starting a businesscosts, Starting a Business Anticipated liabilities, Anticipated liabilities. Hrblock freefile Assessments, local, Taxes for local benefits. Hrblock freefile Assistance (see Tax help) At-risk limits, At-risk limits. Hrblock freefile Attorney fees, Legal and professional fees. Hrblock freefile Awards, Achievement awards. Hrblock freefile , Length-of-service award. Hrblock freefile , Safety achievement award. Hrblock freefile B Bad debts Defined, Definition of Business Bad Debt How to treat, How To Claim a Business Bad Debt Recovery, Recovery of a Bad Debt Types of, Types of Business Bad Debts When worthless, When a Debt Becomes Worthless Bonuses Employee, Bonuses Royalties, Bonuses and advanced royalties. Hrblock freefile Bribes, Bribes and kickbacks. Hrblock freefile Business Assets, Business Assets Books and records, Business books and records, etc. Hrblock freefile Meal expenses, Meals and Entertainment Use of car, Business use of your car. Hrblock freefile , Car and truck expenses. Hrblock freefile Use of home, Business use of your home. Hrblock freefile C Campaign contribution, Political contributions. Hrblock freefile Capital expenses, Capital Expenses, Capital versus Deductible Expenses Capitalization of interest, Capitalization of Interest Car allowance, Car allowance. Hrblock freefile Car and truck expenses, Car and truck expenses. Hrblock freefile Carrying charges, Carrying Charges Charitable contributions, Charitable contributions. Hrblock freefile Circulation costs, newspapers and periodicals, Circulation Costs Club dues, Club dues and membership fees. Hrblock freefile Comments on publication, Comments and suggestions. Hrblock freefile Commitment fees, Commitment fees or standby charges. Hrblock freefile Computer software, Computer software. Hrblock freefile Constant-yield method, OID, Constant-yield method. Hrblock freefile Contested liability, Contested liability. Hrblock freefile Contributions Charitable, Charitable contributions. Hrblock freefile Political, Political contributions. Hrblock freefile Copyrights, Patents, copyrights, etc. Hrblock freefile Cost depletion, Cost Depletion Cost of getting lease, Cost of Getting a Lease, Getting a Lease Cost of goods sold, Cost of Goods Sold Cost recovery, Cost recovery. Hrblock freefile Covenant not to compete, Covenant not to compete. Hrblock freefile Credit card convenience fees, Credit card convenience fees. Hrblock freefile D De minimis OID, De minimis OID. Hrblock freefile Debt-financed distributions, Debt-financed distribution. Hrblock freefile Definitions Business bad debt, Definition of Business Bad Debt Necessary expense, What Can I Deduct? Ordinary expense, What Can I Deduct? Section 197 intangibles, Section 197 Intangibles Defined Demolition expenses, Demolition expenses or losses. Hrblock freefile Depletion Mineral property, Mineral Property Oil and gas wells, Oil and Gas Wells Percentage table, Mines and other natural deposits. Hrblock freefile Timber, Timber Who can claim, Who Can Claim Depletion? Depreciation (see Cost recovery) Development costs, miners, Development Costs Disabled, improvements for, Barrier Removal Costs Drilling and development costs, Intangible Drilling Costs Dues, membership, Club dues and membership fees. Hrblock freefile E Economic interest, Who Can Claim Depletion? Economic performance, Economic performance. Hrblock freefile Education expenses, Education Expenses, Education expenses. Hrblock freefile Elderly, improvements for, Barrier Removal Costs Employee benefit programs, Employee benefit programs. Hrblock freefile Employment taxes, Employment Taxes Entertainment, Reimbursement of Travel, Meals, and Entertainment Excise taxes, Excise taxes. Hrblock freefile Experimentation costs, Research and Experimental Costs, Research and Experimental Costs Exploration costs, Exploration Costs F Fees Commitment, Commitment fees or standby charges. Hrblock freefile Legal and professional, Legal and professional fees. Hrblock freefile Regulatory, Licenses and regulatory fees. Hrblock freefile Tax return preparation, Tax preparation fees. Hrblock freefile Fines, Penalties and fines. Hrblock freefile Forgone, Forgone interest. Hrblock freefile Forgone interest, Forgone interest. Hrblock freefile Form 3115, Form 3115. Hrblock freefile , Changing Your Accounting Method 4562, How To Deduct Amortization 5213, Using the presumption later. Hrblock freefile 8826, Disabled access credit. Hrblock freefile 8885, Health coverage tax credit. Hrblock freefile T, Form T. Hrblock freefile Franchise, Franchise, trademark, or trade name. Hrblock freefile , Franchise, trademark, trade name. Hrblock freefile Franchise taxes, Franchise taxes. Hrblock freefile Free tax services, Free help with your tax return. Hrblock freefile Fringe benefits, Fringe Benefits Fuel taxes, Fuel taxes. Hrblock freefile G Gas wells, Natural Gas Wells Geological and geophysical costs Development, oil and gas, Geological and Geophysical Costs Exploration, oil and gas, Geological and Geophysical Costs Geothermal wells, Intangible Drilling Costs, Mines and Geothermal Deposits Gifts, nominal value, Gifts of nominal value. Hrblock freefile Going into business, Going Into Business, Starting a Business Goodwill, Goodwill. Hrblock freefile Gross income, not-for-profit activity, Gross Income H Health insurance, deduction for self-employed, Self-Employed Health Insurance Deduction Heating equipment, Heating equipment. Hrblock freefile Help (see Tax help) Home, business use of, Business use of your home. Hrblock freefile I Impairment-related expenses, Impairment-related expenses. Hrblock freefile Improvements, Improvements By lessee, Improvements by Lessee For disabled and elderly, Barrier Removal Costs Income taxes, Income Taxes Incorrect amount of amortization deducted, Incorrect Amount of Amortization Deducted Insurance Capitalized premiums, Capitalized Premiums Deductible premiums, Deductible Premiums Nondeductible premiums, Nondeductible Premiums Self-employed individuals, Self-Employed Health Insurance Deduction Intangible drilling costs, Intangible Drilling Costs Intangibles, amortization, Section 197 Intangibles Interest, Forgone interest. Hrblock freefile Allocation of, Allocation of Interest Below-market, Below-Market Loans Business expense for, Interest Capitalized, Capitalized interest. Hrblock freefile , Capitalization of Interest Carrying charge, Carrying Charges Deductible, Interest You Can Deduct Life insurance policies, Interest on loans with respect to life insurance policies. Hrblock freefile Not deductible, Interest You Cannot Deduct Refunds of, Refunds of interest. Hrblock freefile When to deduct, When To Deduct Interest Internet-related expenses, Internet-related expenses. Hrblock freefile Interview expenses, Interview expense allowances. Hrblock freefile K Key person, Who is a key person? Kickbacks, Bribes and kickbacks. Hrblock freefile L Leases Canceling, Canceling a lease. Hrblock freefile Cost of getting, Cost of Getting a Lease, Getting a Lease Improvements by lessee, Improvements by Lessee Leveraged, Leveraged leases. Hrblock freefile Mineral, Bonuses and advanced royalties. Hrblock freefile Oil and gas, Bonuses and advanced royalties. Hrblock freefile Sales distinguished, Lease or purchase. Hrblock freefile Taxes on, Taxes on Leased Property Legal and professional fees, Legal and professional fees. Hrblock freefile Licenses, Government-granted license, permit, etc. Hrblock freefile , Licenses and regulatory fees. Hrblock freefile Life insurance coverage, Life insurance coverage. Hrblock freefile Limit on deductions, Not-for-Profit Activities Line of credit, Line of credit (continuous borrowings). Hrblock freefile Loans Below-market interestrate, Below-Market Loans Discounted, Discounted loan. Hrblock freefile Loans or Advances, Loans or Advances Lobbying expenses, Lobbying expenses. Hrblock freefile Long-term care insurance, Qualified long-term care insurance. Hrblock freefile Losses, Limits on losses. Hrblock freefile , Not-for-Profit Activities At-risk limits, At-risk limits. Hrblock freefile Net operating, Net operating loss. Hrblock freefile Passive activities, Passive activities. Hrblock freefile M Machinery parts, Machinery parts. Hrblock freefile Meals, Reimbursement of Travel, Meals, and Entertainment Meals and entertainment, Meals and Entertainment Meals and lodging, Meals and lodging. Hrblock freefile Methods of accounting, When Can I Deduct an Expense? Mining Depletion, Mines and Geothermal Deposits Development costs, Development Costs Exploration costs, Exploration Costs Mortgage, Mortgage. Hrblock freefile , Expenses paid to obtain a mortgage. Hrblock freefile Moving expenses, machinery, Moving machinery. Hrblock freefile N Natural gas, Natural Gas Wells Nonqualifying intangibles, Assets That Are Not Section 197 Intangibles Not-for-profit activities, Not-for-Profit Activities Not-for-profit activity, gross income, Gross Income O Office in home, Business use of your home. Hrblock freefile Oil and gas wells Depletion, Oil and Gas Wells Drilling costs, Intangible Drilling Costs Partnerships, Partnerships and S Corporations S corporations, Partnerships and S Corporations Optional safe harbor method, Optional safe harbor method. Hrblock freefile Optional write-off method Circulation costs, Optional Write-off of Certain Tax Preferences Experimental costs, Optional Write-off of Certain Tax Preferences Intangible drilling and development costs, Optional Write-off of Certain Tax Preferences Mining exploration and development costs, Optional Write-off of Certain Tax Preferences Research costs, Optional Write-off of Certain Tax Preferences Organization costs Corporate, Costs of Organizing a Corporation Partnership, Costs of Organizing a Partnership Organizational costs, Business Start-Up and Organizational Costs Original issue discount, Original issue discount (OID). Hrblock freefile Outplacement services, Outplacement services. Hrblock freefile P Passive activities, Passive activities. Hrblock freefile Payments in kind, Payments in kind. Hrblock freefile Penalties, Prepayment penalty. Hrblock freefile Deductible, Penalties and fines. Hrblock freefile Nondeductible, Penalties and fines. Hrblock freefile Prepayment, Prepayment penalty. Hrblock freefile Per diem and car allowances, Per Diem and Car Allowances Percentage depletion, Percentage Depletion Personal property tax, Personal property tax. Hrblock freefile Political contributions, Political contributions. Hrblock freefile Pollution control facilities, Pollution Control Facilities Prepaid expense, Prepayment. Hrblock freefile Extends useful life, Prepayment. Hrblock freefile Interest, Prepaid interest. Hrblock freefile , Prepaid interest. Hrblock freefile Rent, Rent paid in advance. Hrblock freefile Prepayment penalty, Prepayment penalty. Hrblock freefile Presumption of profit, Not-for-Profit Activities Publications (see Tax help) R Real estate taxes, Real Estate Taxes Recapture Exploration expenses, Recapture of exploration expenses. Hrblock freefile Timber property, Recapture. Hrblock freefile Recordkeeping, Partnerships and S Corporations Recovery of amount deducted, Recovery of amount deducted (tax benefit rule). Hrblock freefile Refiners who cannot claim percentage depletion, Refiners who cannot claim percentage depletion. Hrblock freefile Reforestation costs, Reforestation Costs, Reforestation Costs Regulatory fees, Licenses and regulatory fees. Hrblock freefile Reimbursements, Reimbursements Business expenses, Reimbursements for Business Expenses Mileage, Per Diem and Car Allowances Nonaccountable plan, Nonaccountable Plans Per diem , Per Diem and Car Allowances Related persons Anti-churning rules, Related person. Hrblock freefile Coal or iron ore, Disposal to related person. Hrblock freefile Payments to, Related person. Hrblock freefile , Related person. Hrblock freefile Refiners, Related person. Hrblock freefile Unreasonable rent, Unreasonable rent. Hrblock freefile Removal, Retired Asset Removal Costs, Barrier Removal Costs Rent expense, capitalizing, Capitalizing Rent Expenses Repairs, Repairs. Hrblock freefile Repayments (claim of right), Repayments. Hrblock freefile Research costs, Research and Experimental Costs, Research and Experimental Costs Retiree drug subsidy, What's New for 2013, What's New S Sales taxes, Sales tax. Hrblock freefile Section 179 expense deduction (see Cost recovery) Self-employed health insurance deduction, Self-Employed Health Insurance Deduction Self-employment tax, Self-employment tax. Hrblock freefile Self-insurance, reserve for, Nondeductible Premiums Sick pay, Sick and Vacation Pay Standard meal allowance, Standard meal allowance. Hrblock freefile Standard mileage rate, Car allowance. Hrblock freefile (see Business use of your car) Standby charges, Commitment fees or standby charges. Hrblock freefile Start-up costs, Business Start-Up and Organizational Costs, Business Start-Up Costs Subscriptions, Subscriptions. Hrblock freefile Suggestions for publication, Comments and suggestions. Hrblock freefile Supplies and materials, Supplies and materials. Hrblock freefile T Tax help, How To Get Tax Help Tax preparation fees, Tax preparation fees. Hrblock freefile Taxes, Taxes on Leased Property Carrying charge, Carrying Charges Employment, Employment Taxes Excise, Excise taxes. Hrblock freefile Franchise, Franchise taxes. Hrblock freefile Fuel, Fuel taxes. Hrblock freefile Income, Income Taxes Leased property, Taxes on Leased Property Personal property, Personal property tax. Hrblock freefile Real estate, Real Estate Taxes Sales, Sales tax. Hrblock freefile Unemployment fund, Unemployment fund taxes. Hrblock freefile Telephone, Telephone. Hrblock freefile Timber, Reforestation Costs, Timber Tools, Tools. Hrblock freefile Trademark, trade name, Franchise, trademark, or trade name. Hrblock freefile , Franchise, trademark, trade name. Hrblock freefile Travel, Reimbursement of Travel, Meals, and Entertainment TTY/TDD information, How To Get Tax Help U Unemployment fund taxes, Unemployment fund taxes. Hrblock freefile Unpaid expenses, related person, Related person. Hrblock freefile Utilities, Utilities. Hrblock freefile V Vacation pay, Sick and Vacation Pay W Wages Property, Property Tests for deducting pay, Tests for Deducting Pay Welfare benefit funds, Welfare benefit funds. Hrblock freefile Prev  Up     Home   More Online Publications