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Income Tax Extension

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Income Tax Extension

Income tax extension 1. Income tax extension   Organizations Subject to the Tax Table of Contents The tax on unrelated business income applies to most organizations exempt from tax under section 501(a). Income tax extension These organizations include charitable, religious, scientific, and other organizations described in section 501(c), as well as employees' trusts forming part of pension, profit-sharing, and stock bonus plans described in section 401(a). Income tax extension In addition, the following are subject to the tax on unrelated business income. Income tax extension Individual retirement arrangements (IRAs), including traditional IRAs, Roth IRAs, Coverdell IRAs, simplified employee pensions (SEP-IRAs), and savings incentive match plans for employees (SIMPLE IRAs). Income tax extension State and municipal colleges and universities. Income tax extension Qualified state tuition programs. Income tax extension Medical savings accounts (MSAs) described in section 220(d). Income tax extension Coverdell savings accounts described in section 530. Income tax extension U. Income tax extension S. Income tax extension instrumentalities. Income tax extension   A corporation that is a U. Income tax extension S. Income tax extension instrumentality described in section 501(c)(1) is not subject to the tax on unrelated business income if the corporation is organized under an Act of Congress and, under the Act, is exempt from federal income taxes. Income tax extension Colleges and universities. Income tax extension   Colleges and universities that are agencies or instrumentalities of any government or any political subdivision of a government, or that are owned or operated by a government or political subdivision of a government, are subject to the tax on unrelated business income. Income tax extension As used here, the word government includes any foreign government (to the extent not contrary to a treaty) and all domestic governments (the United States and any of its possessions, any state, and the District of Columbia). Income tax extension   The tax is on the unrelated business income of both the universities and colleges themselves and on their wholly owned tax exempt subsidiary organizations. Income tax extension It is immaterial whether the business is conducted by the university or by a separately incorporated wholly owned subsidiary. Income tax extension If the business activity is unrelated, the income in both instances will be subject to the tax. Income tax extension If the primary purpose of a wholly owned subsidiary is to operate or conduct any unrelated trade or business (other than holding title to property and collecting income from it), the subsidiary is not an exempt organization, and this rule does not apply. Income tax extension Title-holding corporations. Income tax extension   When an exempt title-holding corporation, described in section 501(c)(2), pays any of its net income to an organization that itself is exempt from tax under section 501(a) (or would pay such an amount except that the expenses of collecting its income exceed the amount collected) and files a consolidated return with that organization, the title-holding corporation is treated, for unrelated business income tax purposes, as organized and operated for the same purposes as the exempt payee organization. Income tax extension   Thus, a title-holding corporation whose source of income is related to the exempt purposes of the payee organization is not subject to the unrelated business income tax if the holding corporation and the payee organization file a consolidated return. Income tax extension However, if the source of the income is not so related, the title-holding corporation is subject to unrelated business income tax. Income tax extension Example. Income tax extension X, a title-holding corporation, is required to distribute its net income to A, an exempt organization. Income tax extension During the tax year, X realizes net income of $900,000 from source M, which is related to A's exempt function. Income tax extension X also receives $100,000 from source N, which is not related to A's exempt function. Income tax extension X and A file a consolidated return for the tax year. Income tax extension X has unrelated business income of $100,000. Income tax extension Prev  Up  Next   Home   More Online Publications
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Latest News

IRS Warns of New Email Phishing Scheme Falsely Claiming to be from the Taxpayer Advocate Service
IR-2014-39, March 28, 2014 —The IRS today warned consumers to be on the lookout for a new email phishing scam. The emails appear to be from the IRS Taxpayer Advocate Service and include a bogus case number.‬

Many Retirees Face April 1 Deadline To Take Required Retirement Plan Distributions
IR-2014-38, March 27, 2014 — The IRS reminds taxpayers who turned 70½ during 2013 that in most cases they must start receiving required minimum distributions (RMDs) from Individual Retirement Accounts (IRAs) and workplace retirement plans by Tuesday, April 1, 2014.

IRS Reminds Taxpayers about Direct Deposit and Split Refunds
IR-2014-37, March 27, 2014 — Millions of taxpayers get their refunds through direct deposits. Filing season stats for March 21, 2014.

IRS Virtual Currency Guidance : Virtual Currency Is Treated as Property for U.S. Federal Tax Purposes; General Rules for Property Transactions Apply
IR-2014-36, March. 25, 2014 — Virtual currency is treated as property for U.S. Federal tax purposes; general rules for property transactions apply.

IRS Gives Colorado Flood Victims More Time To Decide When To Claim Losses
IR-2014-35, March 25, 2014 — The IRS today provided taxpayers an extension until Oct. 15, 2014, to decide when to claim disaster losses arising from last September’s flooding.

IRS Releases FY 2013 Data Book
IR-2014-34, March 21, 2014 — The IRS 2013 Data Book provides details on the agency's activities during fiscal year 2013.

Winter 2014 Statistics of Income Bulletin Now Available
IR-2014-33, March 20, 2014 — IRS winter 2014 Bulletin provides information on individual income tax returns filed for tax year 2012 and other topics.

More than Half of all Income Tax Returns Have Been Received. IRS Issues Publication on Business Expenses
IR-2014-32, March 20, 2014 — The IRS has received more than half of all the individual income tax returns it expects this year; issues business expense publication.

IRS Bars Appraisers from Valuing Facade Easements for Federal Tax Purposes for Five Years
IR-2014-31, March 19, 2014 — The IRS announced its Office of Professional Responsibility has entered into a settlement agreement with a group of appraisers from the same firm accused of aiding in the understatement of federal tax liabilities by overvaluing facade easements for charitable donation purposes.

IRS Has $760 Million for People Who Have Not Filed a 2010 Income Tax Return
IR-2014-30, March 19, 2014 — Taxpayers who did not file returns for tax year 2010 have until April 15 to claim their tax refunds.

IRS Statement on Data Security Employee Issue
March 18, 2014 — The IRS today issued a statement on a data security employee issue.

Interest Rates Remain the Same for the Second Quarter of 2014
IR-2014-29, March 14, 2014 — For the second quarter of 2014, interest rates remain the same.

More Taxpayers Filing from Home Computers in 2014, Many Taxpayers Eligible to Use Free File
IR-2014-28, March 13, 2014 — More taxpayers are e-filing from home computers in 2014 according to IRS filing season statistics.

IRS Encourages Small Employers to Check Out Small Business Health Care Tax Credit; Helpful Resources, Tax Tips Available on IRS.gov
IR-2014-27, March 10, 2014 — With business tax-filing deadlines fast approaching, the IRS encouraged small employers that provide health insurance coverage to their employees to check out the small business health care tax credit and claim it if they qualify.

IRS Seeks Volunteers for Taxpayer Advocacy Panel
IR-2014-26, March 10, 2014 — The IRS is seeking volunteers to serve on the Taxpayer Advocacy Panel, a federal advisory committee that listens to taxpayers, identifies taxpayer concerns, and makes recommendations for improving services.

IRS Seeks Applications for the Electronic Tax Administration Advisory Committee
IR-2014-25 March 7, 2014 — The IRS is opening the nomination and application process for membership on the Electronic Tax Administration Advisory Committee (ETAAC). The deadline for submitting applications is April 21, 2014.

2014 Refunds Ahead of Last Year
IR-2014-23, March 6, 2014 — The IRS has issued more than 48 million refunds so far this year.

New IRS Video Helps Same-Sex Couples; Joins Extensive IRS Library Of Online Tax Tips
IR-2014-22, March 6, 2014 — The IRS released a new YouTube video designed to provide useful tax tips to married same-sex couples.

Low Income Taxpayer Clinic Program Reports on Activities
IR-2014-21, March 5, 2014 — The IRS’s Low Income Taxpayer Clinic (LITC) Program Office issued its second annual program report on how LITCs assist thousands of low income taxpayers nationwide with pro bono representation, education, and advocacy services.

Statement by IRS Commissioner John Koskinen on The Fiscal Year 2015 Budget
IRS Commissioner's statement on the Fiscal Year 2015 Budget proposal.

IRS Continues Smooth Start to Filing Season
IR-2014-20, Feb. 27, 2014 — The IRS has issued almost 40 million refunds so far this tax filing season.

IRS Offers Health Care Tax Tips to Help Individuals Understand Tax Provisions in the Affordable Care Act
IR-2014-19, Feb. 25, 2014 - IRS is offering educational Health Care Tax Tips to help individuals understand how the Affordable Care Act may affect their taxes.

IRS Releases the “Dirty Dozen” Tax Scams for 2014; Identity Theft, Phone Scams Lead List
IR-2014-16, Feb. 19, 2014 — The IRS issued its annual “Dirty Dozen” list of tax scams, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer fraud.

IRS Commissioner Addresses Nation's Taxpayers on 2014 Filing Season; YouTube Video Released
IR-2014-12, Feb. 10, 2014 - The Internal Revenue Service released a YouTube video message from Commissioner John Koskinen to the nation's taxpayers providing tips and help for the 2014 filing season.

Updated IRS Smartphone App IRS2Go Version 4.0 Now Available
IR-2014-11, Feb. 4, 2014 — The IRS today announced the release of IRS2Go 4.0, an update to its smartphone application featuring new, added features available in both English and Spanish.

Watch Out for Tax Scams as Filing Season Opening Nears
IR-2014-5, Jan. 23, 2014 — With the start of the 2014 tax season approaching on Jan. 31, the IRS urges taxpayers to be aware that tax-related scams using the IRS name proliferate during this time of year.

IRS Criminal Investigation Combats Identity Theft Refund Fraud
FS-2014-3, January 2014 — The IRS has seen a significant increase in refund fraud that involves identity thieves who file false claims for refunds by stealing and using someone's Social Security number. The investigative work done by Criminal Investigation is a major component of the IRS’s efforts to combat tax-related identity theft. 

2014 Identity Protection PIN (IP PIN) Pilot
January 2014 — As part of its comprehensive identity theft strategy, the IRS is offering a limited pilot program to help taxpayers who filed their returns last year from Florida, Georgia and the District of Columbia.

Tips for Taxpayers, Victims about Identity Theft and Tax Returns
FS-2014-2, January 2014 — Identity theft is one of the fastest growing crimes nationwide, and refund fraud caused by identity theft is one of the biggest challenges facing the IRS. In 2014, the IRS continues to take new steps and strong actions to protect taxpayers and help victims of identity theft and refund fraud.

IRS Combats Identity Theft and Refund Fraud on Many Fronts
FS-2014-1, January 2014 — Stopping identity theft and refund fraud is a top priority for the IRS. The agency’s work on identity theft and refund fraud continues to grow, touching nearly every part of the organization. For the 2014 filing season, the IRS has expanded these efforts to better protect taxpayers and help victims.

New Tax Guide Helps People With Their 2013 Taxes
IR-2013-102, Dec. 23, 2013 — Taxpayers can get the most out of various tax benefits and get a jump on preparing their 2013 federal income tax returns by consulting a newly revised comprehensive tax guide now available on IRS.gov.

Some IRS Assistance and Taxpayer Services Shift to Automated Resources
New Services Available for Taxpayers in 2014

IRS Warns of Pervasive Telephone Scam
IR-2013-84, Oct. 31, 2013 — The IRS warned consumers about a sophisticated phone scam targeting taxpayers, including recent immigrants.

IRS Opens Online FATCA Registration System
IR-2013-69, Aug. 19, 2013 — The IRS announced the opening of a new online registration system for financial institutions that need to register with the IRS under the Foreign Account Tax Compliance Act (FATCA).

Report Outlines Changes for IRS To Ensure Accountability, Chart a Path Forward; Immediate Actions, Next Steps Outlined
IR-2013-62, June 24, 2013 ― IRS Principal Deputy Commissioner Werfel issued a report outlining new actions and next steps to fix problems uncovered with the IRS’ review of tax-exempt applications and improve the wider processes and operations in place at the IRS.

IRS Charts a Path Forward with Immediate Actions
The IRS is outlining new actions and next steps to fix problems uncovered with the IRS’ review of tax-exempt applications and improve the wider processes and operations in place at the IRS.

Questions and Answers on 501(c) Organizations
May 15, 2013 — The IRS has received a variety of questions related to the exempt organization issues recently raised. The Q&As answer some basics on the issue.

FAQs on New Payment Card Reporting Requirements
The IRS is providing special transitional relief to banks and other payment settlement entities required to begin reporting payment card and third-party network transactions on new Form 1099-K.

The American Recovery and Reinvestment Act of 2009: Information Center
Update on the new economic stimulus legislation.

Compliance & Enforcement News
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IRS Criminal Investigation Issues Annual Report
IR-2014-18, Feb. 24, 2014 — IRS Criminal Investigation Division today released its annual report.

Reminder To Home-Based Businesses: Simplified Option for Claiming Home Office Deduction Now Available; May Deduct up to $1,500; Saves 1.6 Million Hours A Year
IR-2014-24, March 7, 2014 — The Internal Revenue Service today reminded people with home-based businesses that this year for the first time they can choose a new simplified option for claiming the deduction for business use of a home.

Treasury, IRS Will Issue Proposed Guidance for Tax-Exempt Social Welfare Organizations
IR-2013-92, Nov. 26, 2013 — The Treasury Department and the IRS will issue initial guidance regarding qualification requirements for tax-exemption as a social welfare organization under section 501(c)(4) of the Internal Revenue Code.

Treasury and IRS Announce That All Legal Same-Sex Marriages Will Be Recognized For Federal Tax Purposes; Ruling Provides Certainty, Benefits and Protections Under Federal Tax Law for Same-Sex Married Couples
IR-2013-72, Aug. 29, 2013 — Treasury and the IRS today ruled that same-sex couples, legally married in jurisdictions that recognize their marriages, will be treated as married for federal tax purposes.

Fiscal Year 2013 Enforcement and Service Results
The Fiscal Year 2013 Enforcement and Service Results provide the dollars collected from the examination (audit) and collection functions of the IRS. The results also tally various taxpayer assistance program results.

Page Last Reviewed or Updated: 28-Mar-2014

The Income Tax Extension

Income tax extension Index Symbols 10% additional tax, Early Distributions Tax, Age 59½ Rule, Additional 10% tax 2-year rule SIMPLE IRAs, Two-year rule. Income tax extension 20% withholding, Other withholding rules. Income tax extension 5-year rule, 5-year rule. Income tax extension , Death before required beginning date. Income tax extension 6% excise tax on excess contributions to Roth IRAs, What if You Contribute Too Much? 60-day period for rollovers, Time Limit for Making a Rollover Contribution A Account balance, IRA account balance. Income tax extension Additional taxes, What Acts Result in Penalties or Additional Taxes?, Additional 10% tax (see also Penalties) Reporting, Reporting Additional Taxes Adjusted gross income (AGI), Modified adjusted gross income (AGI). Income tax extension , Modified AGI. Income tax extension (see also Modified adjusted gross income (AGI)) Retirement savings contributions credit, Adjusted gross income. Income tax extension Age 50 Contributions, General Limit Age 59 1/2 rule, Age 59½ Rule Age 70 1/2 rule, Age 70½ rule. Income tax extension Required minimum distributions, Distributions after the required beginning date. Income tax extension Age limit Traditional IRA, When Can Contributions Be Made? Airline payments, Rollover of Airline Payments Alimony, Alimony and separate maintenance. Income tax extension Annuity contracts, Annuity or endowment contracts. Income tax extension Borrowing on, Borrowing on an annuity contract. Income tax extension Distribution from insurance company, Annuity distributions from an insurance company. Income tax extension Distribution from IRA account, Distribution of an annuity contract from your IRA account. Income tax extension Early distributions, Annuity. Income tax extension Assistance (see Tax help) B Basis Inherited IRAs, IRA with basis. Income tax extension Roth IRAs, Basis of distributed property. Income tax extension Traditional IRAs, Cost basis. Income tax extension Beginning date, required, Distributions after the required beginning date. Income tax extension Beneficiaries, IRA Beneficiaries, Death before required beginning date. Income tax extension Change of, Change of beneficiary. Income tax extension Death of beneficiary, Death of a beneficiary. Income tax extension Early distributions to, Beneficiary. Income tax extension Individual as, Beneficiary an individual. Income tax extension More than one, More than one beneficiary. Income tax extension , Multiple individual beneficiaries. Income tax extension Not an individual, Beneficiary not an individual. Income tax extension Roth IRAs, Distributions to beneficiaries. Income tax extension Sole beneficiary spouse more than 10 years younger, Sole beneficiary spouse who is more than 10 years younger. Income tax extension Bond purchase plans Rollovers from, Rollover from bond purchase plan. Income tax extension Bonds, retirement (see Individual retirement bonds) Broker's commissions, Brokers' commissions. Income tax extension , Brokers' commissions. Income tax extension C Change in marital status, Change in marital status. Income tax extension Change of beneficiary, Change of beneficiary. Income tax extension Charitable distributions, qualified, Qualified charitable distributions. Income tax extension Collectibles, Investment in Collectibles, Collectibles. Income tax extension Community property, Community property laws. Income tax extension Compensation Alimony, Alimony and separate maintenance. Income tax extension Defined, What Is Compensation? Nontaxable combat pay, Nontaxable combat pay. Income tax extension Self-employment, Self-employment loss. Income tax extension Wages, salaries, etc. Income tax extension , Wages, salaries, etc. Income tax extension Conduit IRAs, IRA as a holding account (conduit IRA) for rollovers to other eligible plans. Income tax extension Contribution limits More than one IRA, More than one IRA. Income tax extension Contributions Designating the year, Designating year for which contribution is made. Income tax extension Distributions in same year as, Both contributions for 2013 and distributions in 2013. Income tax extension Excess (see Excess contributions) Less than maximum, Less Than Maximum Contributions Matching (SIMPLE), Matching contributions. Income tax extension Nondeductible (see Nondeductible contributions) Not required, Contributions not required. Income tax extension Qualified reservist repayments, Qualified reservist repayments. Income tax extension Recharacterizing (see Recharacterization) Retirement savings contributions credit, Eligible contributions. Income tax extension Roth IRAs, Can You Contribute to a Roth IRA?, Applying excess contributions. Income tax extension SIMPLE plans, How Are Contributions Made?, How Much Can Be Contributed on Your Behalf? Traditional IRAs, How Much Can Be Contributed?, More Than Maximum Contributions When to contribute, When Can Contributions Be Made? Withdrawing before due date of return, Contributions Returned Before Due Date of Return Conversions From SIMPLE IRAs, Converting from a SIMPLE IRA. Income tax extension To Roth IRAs, Conversions Credits Retirement savings contributions credit, Retirement Savings Contributions Credit (Saver's Credit), How to figure and report the credit. Income tax extension D Death of beneficiary, Death of a beneficiary. Income tax extension Deductions Figuring reduced IRA deduction, How To Figure Your Reduced IRA Deduction Phaseout, Deduction Phaseout Traditional IRAs, How Much Can You Deduct?, Examples — Worksheet for Reduced IRA Deduction for 2013 Deemed IRAs, Reminders, Reminders Defined benefit plans, Defined benefit plan. Income tax extension Defined contribution plans, Defined contribution plan. Income tax extension Disabilities, persons with Early distributions to, Disabled. Income tax extension Distributions After required beginning date, Distributions after the required beginning date. Income tax extension Age 59 1/2 rule, Age 59½ Rule Beneficiaries (see Beneficiaries) Contributions in same year as, Both contributions for 2013 and distributions in 2013. Income tax extension Delivered outside U. Income tax extension S. Income tax extension , IRA distributions delivered outside the United States. Income tax extension Figuring nontaxable and taxable amounts, Figuring the Nontaxable and Taxable Amounts From individual retirement accounts, Distributions from individual retirement account. Income tax extension From individual retirement annuities, Distributions from individual retirement annuities. Income tax extension Fully or partly taxable, Distributions Fully or Partly Taxable Income from, Income from IRA distributions. Income tax extension Inherited IRAs (see Inherited IRAs) Insufficient, Excess Accumulations (Insufficient Distributions) Qualified charitable, Qualified charitable distributions. Income tax extension Qualified HSA funding, One-time qualified HSA funding distribution. Income tax extension Qualified reservist, Qualified reservist distributions. Income tax extension Roth IRAs, Are Distributions Taxable?, How Do You Figure the Taxable Part? Ordering rules for, Ordering Rules for Distributions Recapture amount, Figuring your recapture amount. Income tax extension SIMPLE IRAs, Are Distributions Taxable? Taxable status of, Are Distributions Taxable? Divorce Rollovers by former spouse, Distributions under divorce or similar proceedings (alternate payees). Income tax extension Transfers incident to, Transfers Incident To Divorce E Early distributions, What Acts Result in Penalties or Additional Taxes?, Early Distributions, Nondeductible contributions. Income tax extension (see also Penalties) Age 59 1/2 rule, Age 59½ Rule Defined, Early distributions defined. Income tax extension Disability exception, Disabled. Income tax extension First-time homebuyers, exception, First home. Income tax extension Higher education expenses, exception, Higher education expenses. Income tax extension Medical insurance, exception, Medical insurance. Income tax extension Roth IRAs, Additional Tax on Early Distributions SIMPLE IRAs, Additional Tax on Early Distributions Tax, Early Distributions Tax Unreimbursed medical expenses, exception, Unreimbursed medical expenses. Income tax extension Education expenses, Higher education expenses. Income tax extension Employer and employee association trust accounts, Employer and Employee Association Trust Accounts Employer plans Covered by, Covered by an employer retirement plan. Income tax extension Year(s) covered, For Which Year(s) Are You Covered? Employer retirement plans, Are You Covered by an Employer Plan? Defined benefit plans, Defined benefit plan. Income tax extension Defined contribution plans, Defined contribution plan. Income tax extension Effect of modified AGI on deduction (Table 1-2), Table 1-2. Income tax extension Effect of Modified AGI1 on Deduction if You Are Covered by a Retirement Plan at Work Limit if covered by, Limit if Covered by Employer Plan Prohibited transactions, Trust account set up by an employer or an employee association. Income tax extension Endowment contracts (see Annuity contracts) Estate tax, Estate tax. Income tax extension Deduction for inherited IRAs, Federal estate tax deduction. Income tax extension Excess accumulations, Excess Accumulations (Insufficient Distributions), Make up of shortfall in distribution. Income tax extension Roth IRAs, Distributions After Owner's Death Excess contributions, Excess Contributions Closed tax year, Closed tax year. Income tax extension Deducted in earlier year, Excess contribution deducted in an earlier year. Income tax extension Deducting in a later year, Deducting an Excess Contribution in a Later Year Due to incorrect rollover information, Excess due to incorrect rollover information. Income tax extension Recharacterizing, Recharacterizing excess contributions. Income tax extension Roth IRAs, What if You Contribute Too Much? Tax, Excess Contributions Tax Withdrawn after due date of return, Excess Contributions Withdrawn After Due Date of Return Withdrawn by due date of return, Excess Contributions Withdrawn by Due Date of Return Exempt transactions, Exempt Transactions Exxon Valdez settlement income, Rollover of Exxon Valdez Settlement Income , Rollover of Exxon Valdez Settlement Income F Failed financial institutions, Failed financial institutions. Income tax extension Federal judges, Federal judges. Income tax extension Fiduciaries Prohibited transactions, Fiduciary. Income tax extension Filing before IRA contribution is made, Filing before a contribution is made. Income tax extension Filing status, Filing Status Deduction phaseout and, Filing status. Income tax extension Firefighters, volunteer, Volunteer firefighters. Income tax extension First-time homebuyers, First home. Income tax extension Five-year rule (see 5-year rule) Form 1040 Modified AGI calculation from, Form 1040. Income tax extension , Form 1040NR. Income tax extension Form 1040A Modified AGI calculation from, Form 1040A. Income tax extension Form 1099-R, Reporting and Withholding Requirements for Taxable Amounts Distribution code 1 used on, Form 5329 not required. Income tax extension Letter codes used on, Letter codes. Income tax extension Number codes used on, Number codes. Income tax extension Withdrawal of excess contribution, Form 1099-R. Income tax extension Form 5329, Additional 10% tax, Reporting the tax. Income tax extension , Reporting Additional Taxes Recapture tax, Recapture tax for changes in distribution method under equal payment exception. Income tax extension Form 8606, Form 8606. Income tax extension , Form 8606. Income tax extension , Reporting your nontaxable distribution on Form 8606. Income tax extension , Figuring the Nontaxable and Taxable Amounts Failure to file, penalty, Penalty for failure to file Form 8606. Income tax extension Form 8880, How to figure and report the credit. Income tax extension Form W-2 Employer retirement plans, Are You Covered by an Employer Plan? Free tax services, Free help with your tax return. Income tax extension Frozen deposits, Frozen deposit. Income tax extension Full-time student Retirement savings contributions credit, Full-time student. Income tax extension H Help (see Tax help) Higher education expenses, Higher education expenses. Income tax extension How to Set up an IRA, How Can a Traditional IRA Be Opened? Treat withdrawn contributions, How to treat withdrawn contributions. Income tax extension HSA funding distributions, qualified, One-time qualified HSA funding distribution. Income tax extension I Individual retirement accounts, Individual Retirement Account Distributions from, Distributions from individual retirement account. Income tax extension Individual retirement annuities, Individual Retirement Annuity Distributions from, Distributions from individual retirement annuities. Income tax extension Individual retirement arrangements (IRAs) How to set up, How Can a Traditional IRA Be Opened? When to set up, When Can a Traditional IRA Be Opened? Individual retirement bonds, Individual Retirement Bonds Cashing in, Cashing in retirement bonds. Income tax extension Inherited IRAs, What if You Inherit an IRA?, More information. Income tax extension Rollovers, Inherited IRAs. Income tax extension Insufficient distributions, Excess Accumulations (Insufficient Distributions) Interest on IRA, Reminders Investment in collectibles Collectibles defined, Collectibles. Income tax extension Exception, Exception. Income tax extension K Kay Bailey Hutchison Spousal IRAs Contribution limits, Kay Bailey Hutchison Spousal IRA Limit Deductions, Kay Bailey Hutchison Spousal IRA. Income tax extension Roth IRA contribution limits, Can you contribute to a Roth IRA for your spouse? Keogh plans Rollovers from, Keogh plans and rollovers. Income tax extension L Last-in first-out rule, Last-in first-out rule. Income tax extension Life expectancy, Life expectancy. Income tax extension Life insurance, Life insurance contract. Income tax extension Losses Roth IRAs, Recognizing Losses on Investments Traditional IRAs, Recognizing Losses on Traditional IRA Investments M Marital status, change in, Change in marital status. Income tax extension Matching contributions (SIMPLE), Matching contributions. Income tax extension Medical expenses, unreimbursed, Unreimbursed medical expenses. Income tax extension Medical insurance, Medical insurance. Income tax extension Military death gratuities, Military Death Gratuities and Servicemembers' Group Life Insurance (SGLI) Payments Minimum distribution (see Required minimum distribution) Missing children, photographs of, Reminders Modified adjusted gross income (AGI) Employer retirement plan coverage and deduction (Table 1-2), Table 1-2. Income tax extension Effect of Modified AGI1 on Deduction if You Are Covered by a Retirement Plan at Work Figuring (Worksheet 1-1), Worksheet 1-1. Income tax extension Figuring Your Modified AGI No employer retirement plan coverage and deduction (Table 1-3), Table 1-3. Income tax extension Effect of Modified AGI1 on Deduction if You Are NOT Covered by a Retirement Plan at Work Roth IRAs, Modified AGI. Income tax extension Effect on contribution amount (Table 2-1), Table 2-1. Income tax extension Effect of Modified AGI on Roth IRA Contribution More than one beneficiary, More than one beneficiary. Income tax extension More than one IRA, More than one IRA. Income tax extension Recharacterization, More than one IRA. Income tax extension Required minimum distribution, More than one IRA. Income tax extension N Nondeductible contributions, Nondeductible Contributions, Nondeductible contributions. Income tax extension Failure to report, Failure to report nondeductible contributions. Income tax extension Overstatement penalty, Penalty for overstatement. Income tax extension Notice Qualified employer plan to provide prior to rollover distribution, Written explanation to recipients. Income tax extension Rollovers, Rollover notice. Income tax extension P Partial rollovers, Partial rollovers. Income tax extension , Partial rollover. Income tax extension Penalties, What Acts Result in Penalties or Additional Taxes?, Form 5329 not required. Income tax extension Early distributions, Early Distributions, Nondeductible contributions. Income tax extension Excess accumulations, Excess Accumulations (Insufficient Distributions), Make up of shortfall in distribution. Income tax extension Excess contributions, Excess Contributions Roth IRAs, What if You Contribute Too Much? Exempt transactions, Exempt Transactions, Services received at reduced or no cost. Income tax extension Failure to file Form 8606, Penalty for failure to file Form 8606. Income tax extension Overstatement of nondeductible contributions, Penalty for overstatement. Income tax extension Prohibited transactions, Prohibited Transactions, Services received at reduced or no cost. Income tax extension Reporting, Reporting Additional Taxes SIMPLE IRAs, Additional Tax on Early Distributions Phaseout of deduction, Deduction Phaseout Pledging account as security, Pledging an account as security. Income tax extension Prohibited transactions, Prohibited Transactions, Services received at reduced or no cost. Income tax extension Taxes on, Taxes on prohibited transactions. Income tax extension Publications (see Tax help) Q Qualified charitable distributions, Qualified charitable distributions. Income tax extension Qualified domestic relations orders (QDROs), Qualified domestic relations order. Income tax extension Qualified settlement income, Rollover of Exxon Valdez Settlement Income , Rollover of Exxon Valdez Settlement Income R Recapture tax Changes in distribution method, Recapture tax for changes in distribution method under equal payment exception. Income tax extension Receivership distributions, Receivership distributions. Income tax extension Recharacterization, Recharacterizations, More than one IRA. Income tax extension Determining amount of net income due to contribution and total amount to be recharacterized (Worksheet 1-3), Worksheet 1-3. Income tax extension Determining the Amount of Net Income Due To an IRA Contribution and Total Amount To Be Recharacterized Reporting, Reporting a Recharacterization SIMPLE employer contributions, Recharacterizing employer contributions. Income tax extension Timing of, Timing. Income tax extension Reconversion, Reconversions Recordkeeping requirements Traditional IRAs, Nondeductible Contributions Reporting Additional taxes, Reporting Additional Taxes Deductible contributions, Reporting Deductible Contributions Nontaxable distribution on Form 8606, Reporting your nontaxable distribution on Form 8606. Income tax extension Recharacterization, Reporting a Recharacterization Rollovers From employer plans, Reporting rollovers from employer plans. Income tax extension From IRAs, Reporting rollovers from IRAs. Income tax extension Taxable amounts, Reporting and Withholding Requirements for Taxable Amounts Taxable distributions, Reporting taxable distributions on your return. Income tax extension Required beginning date, Distributions after the required beginning date. Income tax extension Required minimum distribution, Reminders, When Must You Withdraw Assets? (Required Minimum Distributions), Annuity distributions from an insurance company. Income tax extension Distribution period, Distribution period. Income tax extension During lifetime, Distributions during your lifetime. Income tax extension Figuring, Figuring the Owner's Required Minimum Distribution For beneficiary, Figuring the Beneficiary's Required Minimum Distribution Table to use, Which Table Do You Use To Determine Your Required Minimum Distribution? In year of owner's death, Distributions in the year of the owner's death. Income tax extension Installments allowed, Installments allowed. Income tax extension More than one IRA, More than one IRA. Income tax extension Sole beneficiary spouse who is more than 10 years younger, Sole beneficiary spouse who is more than 10 years younger. Income tax extension Reservists, Reservists. Income tax extension Qualified reservist distribution, Qualified reservist distributions. Income tax extension Qualified reservist repayments, Qualified reservist repayments. Income tax extension Retirement bonds (see Individual retirement bonds) Retirement savings contributions credit, Retirement Savings Contributions Credit (Saver's Credit), How to figure and report the credit. Income tax extension Rollovers, Rollovers, Reporting rollovers from employer plans. Income tax extension Airline payments, Rollover of Airline Payments Amount, Amount. Income tax extension Choosing an option (Table 1-5), Table 1-5. Income tax extension Comparison of Payment to You Versus Direct Rollover Completed after 60-day period, Rollovers completed after the 60-day period. Income tax extension Conduit IRAs, IRA as a holding account (conduit IRA) for rollovers to other eligible plans. Income tax extension Direct rollover option, Direct rollover option. Income tax extension Extension of period, Extension of rollover period. Income tax extension From bond purchase plan, Rollover from bond purchase plan. Income tax extension From employer's plan into a Roth IRA, Rollover From Employer's Plan Into a Roth IRA From employer's plan into an IRA, Rollover From Employer's Plan Into an IRA From Keogh plans, Keogh plans and rollovers. Income tax extension From one IRA into another, Rollover From One IRA Into Another From Roth IRAs, Rollover From a Roth IRA From traditional IRA, Kinds of rollovers from a traditional IRA. Income tax extension Inherited IRAs, Inherited IRAs. Income tax extension Nonspouse beneficiary, Rollover by nonspouse beneficiary. Income tax extension Notice, Rollover notice. Income tax extension Partial, Partial rollovers. Income tax extension , Partial rollover. Income tax extension SIMPLE IRAs, Rollovers and Transfers Exception Tax treatment of rollover from traditional IRA to eligible retirement plan other than an IRA, Tax treatment of a rollover from a traditional IRA to an eligible retirement plan other than an IRA. Income tax extension Time limit, Time Limit for Making a Rollover Contribution To Roth IRAs, Conversion methods. Income tax extension To traditional IRA, Kinds of rollovers to a traditional IRA. Income tax extension Waiting period between, Waiting period between rollovers. Income tax extension , No waiting period between rollovers. Income tax extension Withholding (see Withholding) Roth IRAs, Roth IRAs, Distributions After Owner's Death Age limit, Is there an age limit for contributions? Contribution limit reduced, Contribution limit reduced. Income tax extension Contributions, Can You Contribute to a Roth IRA?, Applying excess contributions. Income tax extension Timing of, When Can You Make Contributions? To traditional IRAs and to Roth IRAs, Roth IRAs and traditional IRAs. Income tax extension Conversion, Converting From Any Traditional IRA Into a Roth IRA, Conversion by rollover from traditional to Roth IRA. Income tax extension , Recharacterizing to a SEP IRA or SIMPLE IRA. Income tax extension , Conversions Defined, What Is a Roth IRA? Distributions, Are Distributions Taxable?, How Do You Figure the Taxable Part? After death of owner, Distributions After Owner's Death Insufficient, Distributions After Owner's Death Ordering rules for, Ordering Rules for Distributions Early distributions, Additional Tax on Early Distributions Excess accumulations, Distributions After Owner's Death Excess contributions, What if You Contribute Too Much? Figuring taxable part, How Do You Figure the Taxable Part? Losses, Recognizing Losses on Investments Modified AGI Effect on contribution amount (Table 2-1), Table 2-1. Income tax extension Effect of Modified AGI on Roth IRA Contribution Figuring (Worksheet 2-1), Worksheet 2-1. Income tax extension Modified Adjusted Gross Income for Roth IRA Purposes Rollovers from, Rollover From a Roth IRA Setting up, When Can a Roth IRA Be Opened? Spouse, Can you contribute to a Roth IRA for your spouse? Traditional IRAs converted into, Converting From Any Traditional IRA Into a Roth IRA Withdrawing or using assets, Must You Withdraw or Use Assets? S Salary reduction arrangement, What Is a SIMPLE Plan? Savings Incentive Match Plans for Employees (see SIMPLE IRAs) Section 501(c)(18) plan, General Limit, Kay Bailey Hutchison Spousal IRA Limit Self-employed persons Deductible contributions, Self-employed. Income tax extension Income of, Self-employment income. Income tax extension SIMPLE plans, Self-employed individual. Income tax extension SEP IRAs Recharacterizing to, Recharacterizing to a SEP IRA or SIMPLE IRA. Income tax extension Separated taxpayers Filing status of, Lived apart from spouse. Income tax extension Servicemembers group life insurance, Military Death Gratuities and Servicemembers' Group Life Insurance (SGLI) Payments Services received at reduced or no cost, Services received at reduced or no cost. Income tax extension SIMPLE IRAs, Savings Incentive Match Plans for Employees (SIMPLE), Two-year rule. Income tax extension Contributions, How Are Contributions Made?, How Much Can Be Contributed on Your Behalf? Conversion from, Converting from a SIMPLE IRA. Income tax extension Distributions, Are Distributions Taxable? Early distributions, , Additional Tax on Early Distributions Eligible employees, Eligible Employees Penalties, Additional Tax on Early Distributions Recharacterizing to, Recharacterizing to a SEP IRA or SIMPLE IRA. Income tax extension Rollovers, Rollovers and Transfers Exception Salary reduction contribution limits, Salary reduction contributions limit. Income tax extension Self-employed persons, Self-employed individual. Income tax extension SIMPLE plan, defined, What Is a SIMPLE Plan? Traditional IRA, mistakenly moved to, Traditional IRA mistakenly moved to SIMPLE IRA. Income tax extension , Traditional IRA mistakenly moved to SIMPLE IRA. Income tax extension Two-year rule, Two-year rule. Income tax extension Withdrawing or using assets, When Can You Withdraw or Use Assets? Simplified employee pensions (SEPs), Simplified Employee Pension (SEP) Social Security recipients, Social Security Recipients Spousal IRAs (see Kay Bailey Hutchison Spousal IRAs or Inherited IRAs) Students Education expenses, Higher education expenses. Income tax extension Retirement savings contributions credit, Full-time student. Income tax extension Surviving spouse, Surviving spouse. Income tax extension , Surviving spouse. Income tax extension Rollovers by, Distributions received by a surviving spouse. Income tax extension T Tables Modified AGI Employer retirement plan coverage and deduction (Table 1-2), Table 1-2. Income tax extension Effect of Modified AGI1 on Deduction if You Are Covered by a Retirement Plan at Work No employer retirement plan coverage and deduction (Table 1-3), Table 1-3. Income tax extension Effect of Modified AGI1 on Deduction if You Are NOT Covered by a Retirement Plan at Work Roth IRAs, effect on contribution (Table 2-1), Table 2-1. Income tax extension Effect of Modified AGI on Roth IRA Contribution Rollover vs. Income tax extension direct payment to taxpayer (Table 1-5), Table 1-5. Income tax extension Comparison of Payment to You Versus Direct Rollover Using this publication (Table I-1), Table I-1. Income tax extension Using This Publication Tax advantages of IRAs, What are some tax advantages of an IRA? Tax credits Retirement savings contributions credit, Retirement Savings Contributions Credit (Saver's Credit), How to figure and report the credit. Income tax extension Tax help, How To Get Tax Help Tax year, Tax year. Income tax extension Tax-sheltered annuities Rollovers from, Distribution from a tax-sheltered annuity. Income tax extension Traditional IRAs, Traditional IRAs, Form 5329 not required. Income tax extension Age 59 1/2 rule, Age 59½ Rule Contribution limits, How Much Can Be Contributed?, More Than Maximum Contributions Contributions, How Much Can Be Contributed?, More Than Maximum Contributions Due date, Contributions must be made by due date. Income tax extension To Roth IRAs and to traditional IRAs, Roth IRAs and traditional IRAs. Income tax extension Converting into Roth IRA, Converting From Any Traditional IRA Into a Roth IRA Cost basis, Cost basis. Income tax extension Deductions, How Much Can You Deduct?, Examples — Worksheet for Reduced IRA Deduction for 2013 Defined, Introduction Disclosures, Required Disclosures Excess contributions, Excess Contributions Inherited IRAs, What if You Inherit an IRA?, More information. Income tax extension Loss of IRA status, Loss of IRA status. Income tax extension Losses, Recognizing Losses on Traditional IRA Investments Mistakenly moved to SIMPLE IRA, Traditional IRA mistakenly moved to SIMPLE IRA. Income tax extension , Traditional IRA mistakenly moved to SIMPLE IRA. Income tax extension Recordkeeping, Nondeductible Contributions Reduced IRA deduction for 2013, Examples — Worksheet for Reduced IRA Deduction for 2013 Rollovers (see Rollovers) Setting up, Who Can Open a Traditional IRA?, Required Disclosures Social Security recipients, Social Security Recipients Transfers, Can You Move Retirement Plan Assets? Types of, Kinds of traditional IRAs. Income tax extension Withdrawing or using assets, When Can You Withdraw or Use Assets?, Excess Contributions Tax Transfers, Can You Move Retirement Plan Assets? Divorce, Transfers Incident To Divorce To Roth IRAs, Transfers to Roth IRAs. Income tax extension , Can You Move Amounts Into a Roth IRA? Trustee to trustee, Trustee-to-Trustee Transfer, Conversion methods. Income tax extension Trustee-to-trustee transfers, Trustee-to-Trustee Transfer To Roth IRAs, Conversion methods. Income tax extension Trustees' fees, Trustees' fees. Income tax extension , Trustees' fees. Income tax extension Trusts As beneficiary, Trust as beneficiary. Income tax extension TTY/TDD information, How To Get Tax Help Two-year rule SIMPLE IRAs, Two-year rule. Income tax extension U Unreimbursed medical expenses, Unreimbursed medical expenses. Income tax extension V Volunteer firefighters, Volunteer firefighters. Income tax extension W Withdrawing or using assets Contribution withdrawal, before due date of return, Contributions Returned Before Due Date of Return Roth IRAs, Must You Withdraw or Use Assets? SIMPLE IRAs, When Can You Withdraw or Use Assets? Traditional IRAs, When Can You Withdraw or Use Assets?, Excess Contributions Tax Withholding, Reporting and Withholding Requirements for Taxable Amounts, Withholding. Income tax extension Direct rollover option, Withholding. Income tax extension Eligible rollover distribution paid to taxpayer, Withholding requirement. Income tax extension Worksheets Figuring amount of net income due to IRA contribution and total amount to be recharacterized (Worksheet 1-3), Worksheet 1-3. Income tax extension Determining the Amount of Net Income Due To an IRA Contribution and Total Amount To Be Recharacterized Figuring modified AGI (Worksheet 1-1), Worksheet 1-1. Income tax extension Figuring Your Modified AGI Roth IRAs Figuring modified AGI (Worksheet 2-1), Worksheet 2-1. Income tax extension Modified Adjusted Gross Income for Roth IRA Purposes Prev  Up     Home   More Online Publications