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Printable Tax Forms 2011

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Printable Tax Forms 2011

Printable tax forms 2011 2. Printable tax forms 2011   Accounting Methods Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Accounting MethodsCash Method Accrual Method Farm Inventory Cash Versus Accrual Method Special Methods of Accounting Combination Method Changes in Methods of Accounting Introduction You must use an accounting method that clearly shows your income and expenses. Printable tax forms 2011 You must also figure your taxable income and file an income tax return for an annual accounting period called a tax year. Printable tax forms 2011 This chapter discusses accounting methods. Printable tax forms 2011 For information on accounting periods, see Publication 538, Accounting Periods and Methods, and the Instructions for Form 1128, Application To Adopt, Change, or Retain a Tax Year. Printable tax forms 2011 Topics - This chapter discusses: Cash method Accrual method Farm inventory Special methods of accounting Changes in methods of accounting Useful Items - You may want to see: Publication 538 Accounting Periods and Methods 535 Business Expenses Form (and Instructions) 1128 Application To Adopt, Change, or Retain a Tax Year 3115 Application for Change in Accounting Method See chapter 16 for information about getting publications and forms. Printable tax forms 2011 Accounting Methods An accounting method is a set of rules used to determine when and how your income and expenses are reported on your tax return. Printable tax forms 2011 Your accounting method includes not only your overall method of accounting, but also the accounting treatment you use for any material item. Printable tax forms 2011 A material item is one that affects the proper time for inclusion of income or allowance of a deduction. Printable tax forms 2011 An item considered material for financial statement purposes is generally also considered material for income tax purposes. Printable tax forms 2011 See Publication 538 for more information. Printable tax forms 2011 You generally choose an accounting method for your farm business when you file your first income tax return that includes a Schedule F (Form 1040), Profit or Loss From Farming. Printable tax forms 2011 If you later want to change your accounting method, you generally must get IRS approval. Printable tax forms 2011 How to obtain IRS approval is discussed later under Changes in Methods of Accounting . Printable tax forms 2011 Types of accounting methods. Printable tax forms 2011   Generally, you can use any of the following accounting methods. Printable tax forms 2011 Each method is discussed in detail below. Printable tax forms 2011 Cash method. Printable tax forms 2011 Accrual method. Printable tax forms 2011 Special methods of accounting for certain items of income and expenses. Printable tax forms 2011 Combination (hybrid) method using elements of two or more of the above. Printable tax forms 2011 Business and other items. Printable tax forms 2011   You can account for business and personal items using different accounting methods. Printable tax forms 2011 For example, you can figure your business income under an accrual method, even if you use the cash method to figure personal items. Printable tax forms 2011 Two or more businesses. Printable tax forms 2011   If you operate two or more separate and distinct businesses, you can use a different accounting method for each business. Printable tax forms 2011 Generally, no business is separate and distinct unless a complete and separate set of books and records is maintained for each business. Printable tax forms 2011 Cash Method Most farmers use the cash method because they find it easier to keep records using the cash method. Printable tax forms 2011 However, certain farm corporations and partnerships and all tax shelters must use an accrual method of accounting. Printable tax forms 2011 See Accrual Method Required , later. Printable tax forms 2011 Income Under the cash method, include in your gross income all items of income you actually or constructively received during the tax year. Printable tax forms 2011 Items of income include money received as well as property or services received. Printable tax forms 2011 If you receive property or services, you must include the fair market value (FMV) of the property or services in income. Printable tax forms 2011 See chapter 3 for information on how to report farm income on your income tax return. Printable tax forms 2011 Constructive receipt. Printable tax forms 2011   Income is constructively received when an amount is credited to your account or made available to you without restriction. Printable tax forms 2011 You do not need to have possession of the income for it to be treated as income for the tax year. Printable tax forms 2011 If you authorize someone to be your agent and receive income for you, you are considered to have received the income when your agent receives it. Printable tax forms 2011 Income is not constructively received if your receipt of the income is subject to substantial restrictions or limitations. Printable tax forms 2011 Direct payments and counter-cyclical payments. Printable tax forms 2011   If you received direct payments or counter-cyclical payments under Subtitle A or C of the Farm Security and Rural Investment Act of 2002, you will not be considered to have constructively received a payment merely because you had the option to receive it in the year before it is required to be paid. Printable tax forms 2011 Delaying receipt of income. Printable tax forms 2011   You cannot hold checks or postpone taking possession of similar property from one tax year to another to avoid paying tax on the income. Printable tax forms 2011 You must report the income in the year the money or property is received or made available to you without restriction. Printable tax forms 2011 Example. Printable tax forms 2011 Frances Jones, a farmer, was entitled to receive a $10,000 payment on a grain contract in December 2013. Printable tax forms 2011 She was told in December that her payment was available. Printable tax forms 2011 She requested not to be paid until January 2014. Printable tax forms 2011 However, she must still include this payment in her 2013 income because it was made available to her in 2013. Printable tax forms 2011 Debts paid by another person or canceled. Printable tax forms 2011   If your debts are paid by another person or are canceled by your creditors, you may have to report part or all of this debt relief as income. Printable tax forms 2011 If you receive income in this way, you constructively receive the income when the debt is canceled or paid. Printable tax forms 2011 See Cancellation of Debt in chapter 3. Printable tax forms 2011 Deferred payment contract. Printable tax forms 2011   If you sell an item under a deferred payment contract that calls for payment in a future year, there is no constructive receipt in the year of sale. Printable tax forms 2011 However, if the sales contract states that you have the right to the proceeds of the sale from the buyer at any time after delivery of the item, then you must include the sales price in income in the year of the sale, regardless of when you actually receive payment. Printable tax forms 2011 Example. Printable tax forms 2011 You are a farmer who uses the cash method and a calendar tax year. Printable tax forms 2011 You sell grain in December 2013 under a bona fide arm's-length contract that calls for payment in 2014. Printable tax forms 2011 You include the proceeds from the sale in your 2014 gross income since that is the year payment is received. Printable tax forms 2011 However, if the contract states that you have the right to the proceeds from the buyer at any time after the grain is delivered, you must include the sales price in your 2013 income, regardless of when you actually receive payment. Printable tax forms 2011 Repayment of income. Printable tax forms 2011   If you include an amount in income and in a later year you have to repay all or part of it, then you can usually deduct the repayment in the year repaid. Printable tax forms 2011 If the repayment is more than $3,000, a special rule applies. Printable tax forms 2011 For details, see Repayments in chapter 11 of Publication 535, Business Expenses. Printable tax forms 2011 Expenses Under the cash method, generally you deduct expenses in the tax year you pay them. Printable tax forms 2011 This includes business expenses for which you contest liability. Printable tax forms 2011 However, you may not be able to deduct an expense paid in advance or you may be required to capitalize certain costs, as explained under Uniform Capitalization Rules in chapter 6. Printable tax forms 2011 See chapter 4 for information on how to deduct farm business expenses on your income tax return. Printable tax forms 2011 Prepayment. Printable tax forms 2011   Generally, you cannot deduct expenses paid in advance. Printable tax forms 2011 This rule applies to any expense paid far enough in advance to, in effect, create an asset with a useful life extending substantially beyond the end of the current tax year. Printable tax forms 2011 Example. Printable tax forms 2011 On November 1, 2013, you signed and paid $3,600 for a 3-year (36-month) insurance contract for equipment. Printable tax forms 2011 In 2013, you are allowed to deduct only $200 (2/36 x $3,600) of the cost of the policy that is attributable to 2013. Printable tax forms 2011 In 2014, you'll be able to deduct $1,200 (12/36 x $3,600); in 2015, you'll be able to deduct $1,200 (12/36 x $3,600); and in 2016 you'll be able to deduct the remaining balance of $1,000. Printable tax forms 2011 An exception applies if the expense qualifies for the 12-month rule. Printable tax forms 2011 See Publication 538 for more information and examples. Printable tax forms 2011 See chapter 4 for special rules for prepaid farm supplies and prepaid livestock feed. Printable tax forms 2011 Accrual Method Under an accrual method of accounting, you generally report income in the year earned and deduct or capitalize expenses in the year incurred. Printable tax forms 2011 The purpose of an accrual method of accounting is to correctly match income and expenses. Printable tax forms 2011 Certain businesses engaged in farming must use an accrual method of accounting for its farm business and for sales and purchases of inventory items. Printable tax forms 2011 See Accrual Method Required and Farm Inventory , later. Printable tax forms 2011 Income Generally, you include an amount in income for the tax year in which all events that fix your right to receive the income have occurred, and you can determine the amount with reasonable accuracy. Printable tax forms 2011 Under this rule, include an amount in income on the earliest of the following dates. Printable tax forms 2011 When you receive payment. Printable tax forms 2011 When the income amount is due to you. Printable tax forms 2011 When you earn the income. Printable tax forms 2011 When title passes. Printable tax forms 2011 If you use an accrual method of accounting, complete Part III of Schedule F (Form 1040) to report your income. Printable tax forms 2011 Inventory. Printable tax forms 2011   If you keep an inventory, generally you must use an accrual method of accounting to determine your gross income. Printable tax forms 2011 An inventory is necessary to clearly show income when the production, purchase, or sale of merchandise is an income-producing factor. Printable tax forms 2011 See Publication 538 for more information. Printable tax forms 2011 Also see Farm Inventory , later, for more information on items that must be included in inventory by farmers and inventory valuation methods for farmers. Printable tax forms 2011 Expenses Under an accrual method of accounting, you generally deduct or capitalize a business expense when both of the following apply. Printable tax forms 2011 The all-events test has been met. Printable tax forms 2011 This test is met when: All events have occurred that fix the fact that you have a liability, and The amount of the liability can be determined with reasonable accuracy. Printable tax forms 2011 Economic performance has occurred. Printable tax forms 2011 Economic performance. Printable tax forms 2011   Generally, you cannot deduct or capitalize a business expense until economic performance occurs. Printable tax forms 2011 If your expense is for property or services provided to you, or for your use of property, economic performance occurs as the property or services are provided or as the property is used. Printable tax forms 2011 If your expense is for property or services you provide to others, economic performance occurs as you provide the property or services. Printable tax forms 2011 Example. Printable tax forms 2011 Jane, who is a farmer, uses a calendar tax year and an accrual method of accounting. Printable tax forms 2011 She entered into a contract with ABC Farm Consulting in 2012. Printable tax forms 2011 The contract stated that Jane pay ABC Farm Consulting $2,000 in December 2012. Printable tax forms 2011 It further stipulates that ABC Farm Consulting will develop a plan for integrating her farm with a larger farm operation based in a neighboring state by March 1, 2013. Printable tax forms 2011 Jane paid ABC Farm Consulting $2,000 in December 2012. Printable tax forms 2011 Integration of operations according to the plan began in May 2013 and they completed the integration in December 2013. Printable tax forms 2011 Economic performance for Jane's liability in the contract occurs as the services are provided. Printable tax forms 2011 Jane incurs the $2,000 cost in 2013. Printable tax forms 2011 An exception to the economic performance rule allows certain recurring items to be treated as incurred during a tax year even though economic performance has not occurred. Printable tax forms 2011 For more information, see Economic Performance in Publication 538. Printable tax forms 2011 Special rule for related persons. Printable tax forms 2011   Business expenses and interest owed to a related person who uses the cash method of accounting are not deductible until you make the payment and the corresponding amount is includible in the related person's gross income. Printable tax forms 2011 Determine the relationship for this rule as of the end of the tax year for which the expense or interest would otherwise be deductible. Printable tax forms 2011 For more information, see Internal Revenue Code section 267. Printable tax forms 2011 Accrual Method Required Generally, the following businesses, if engaged in farming, must use an accrual method of accounting. Printable tax forms 2011 A corporation (other than a family corporation) that had gross receipts of more than $1,000,000 for any tax year beginning after 1975. Printable tax forms 2011 A family corporation that had gross receipts of more than $25,000,000 for any tax year beginning after 1985. Printable tax forms 2011 A partnership with a corporation as a partner, if that corporation meets the requirements of (1) or (2) above. Printable tax forms 2011 A tax shelter. Printable tax forms 2011 Note. Printable tax forms 2011 Items (1), (2), and (3) above do not apply to an S corporation or a business operating a nursery or sod farm, or the raising or harvesting of trees (other than fruit and nut trees). Printable tax forms 2011 Family corporation. Printable tax forms 2011   A family corporation is generally a corporation that meets one of the following ownership requirements. Printable tax forms 2011 Members of the same family own at least 50% of the total combined voting power of all classes of stock entitled to vote and at least 50% of the total shares of all other classes of stock of the corporation. Printable tax forms 2011 Members of two families have owned, directly or indirectly, since October 4, 1976, at least 65% of the total combined voting power of all classes of voting stock and at least 65% of the total shares of all other classes of the corporation's stock. Printable tax forms 2011 Members of three families have owned, directly or indirectly, since October 4, 1976, at least 50% of the total combined voting power of all classes of voting stock and at least 50% of the total shares of all other classes of the corporation's stock. Printable tax forms 2011 For more information on family corporations, see Internal Revenue Code section 447. Printable tax forms 2011 Tax shelter. Printable tax forms 2011   A tax shelter is a partnership, noncorporate enterprise, or S corporation that meets either of the following tests. Printable tax forms 2011 Its principal purpose is the avoidance or evasion of federal income tax. Printable tax forms 2011 It is a farming syndicate. Printable tax forms 2011 A farming syndicate is an entity that meets either of the following tests. Printable tax forms 2011 Interests in the activity have been offered for sale in an offering required to be registered with a federal or state agency with the authority to regulate the offering of securities for sale. Printable tax forms 2011 More than 35% of the losses during the tax year are allocable to limited partners or limited entrepreneurs. Printable tax forms 2011   A “limited partner” is one whose personal liability for partnership debts is limited to the money or other property the partner contributed or is required to contribute to the partnership. Printable tax forms 2011   A “limited entrepreneur” is one who has an interest in an enterprise other than as a limited partner and does not actively participate in the management of the enterprise. Printable tax forms 2011 Farm Inventory If you are required to keep an inventory, you should keep a complete record of your inventory as part of your farm records. Printable tax forms 2011 This record should show the actual count or measurement of the inventory. Printable tax forms 2011 It should also show all factors that enter into its valuation, including quality and weight, if applicable. Printable tax forms 2011 Hatchery business. Printable tax forms 2011   If you are in the hatchery business, and use an accrual method of accounting, you must include in inventory eggs in the process of incubation. Printable tax forms 2011 Products held for sale. Printable tax forms 2011   All harvested and purchased farm products held for sale or for feed or seed, such as grain, hay, silage, concentrates, cotton, tobacco, etc. Printable tax forms 2011 , must be included in inventory. Printable tax forms 2011 Supplies. Printable tax forms 2011   Supplies acquired for sale or that become a physical part of items held for sale must be included in inventory. Printable tax forms 2011 Deduct the cost of supplies in the year used or consumed in operations. Printable tax forms 2011 Do not include incidental supplies in inventory as these are deductible in the year of purchase. Printable tax forms 2011 Livestock. Printable tax forms 2011   Livestock held primarily for sale must be included in inventory. Printable tax forms 2011 Livestock held for draft, breeding, or dairy purposes can either be depreciated or included in inventory. Printable tax forms 2011 See also Unit-livestock-price method , later. Printable tax forms 2011 If you are in the business of breeding and raising chinchillas, mink, foxes, or other fur-bearing animals, these animals are livestock for inventory purposes. Printable tax forms 2011 Growing crops. Printable tax forms 2011   Generally, growing crops are not required to be included in inventory. Printable tax forms 2011 However, if the crop has a preproductive period of more than 2 years, you may have to capitalize (or include in inventory) costs associated with the crop. Printable tax forms 2011 See Uniform capitalization rules below. Printable tax forms 2011 Also see Uniform Capitalization Rules in  chapter 6. Printable tax forms 2011 Items to include in inventory. Printable tax forms 2011   Your inventory should include all items held for sale, or for use as feed, seed, etc. Printable tax forms 2011 , whether raised or purchased, that are unsold at the end of the year. Printable tax forms 2011 Uniform capitalization rules. Printable tax forms 2011   The following applies if you are required to use an accrual method of accounting. Printable tax forms 2011 The uniform capitalization rules apply to all costs of raising a plant, even if the preproductive period of raising a plant is 2 years or less. Printable tax forms 2011 The costs of animals are subject to the uniform capitalization rules. Printable tax forms 2011 Inventory valuation methods. Printable tax forms 2011   The following methods, described below, are those generally available for valuing inventory. Printable tax forms 2011 The method you use must conform to generally accepted accounting principles for similar businesses and must clearly reflect income. Printable tax forms 2011 Cost. Printable tax forms 2011 Lower of cost or market. Printable tax forms 2011 Farm-price method. Printable tax forms 2011 Unit-livestock-price method. Printable tax forms 2011 Cost and lower of cost or market methods. Printable tax forms 2011   See Publication 538 for information on these valuation methods. Printable tax forms 2011 If you value your livestock inventory at cost or the lower of cost or market, you do not need IRS approval to change to the unit-livestock-price method. Printable tax forms 2011 However, if you value your livestock inventory using the farm-price method, then you must obtain permission from the IRS to change to the unit-livestock-price method. Printable tax forms 2011 Farm-price method. Printable tax forms 2011   Under this method, each item, whether raised or purchased, is valued at its market price less the direct cost of disposition. Printable tax forms 2011 Market price is the current price at the nearest market in the quantities you usually sell. Printable tax forms 2011 Cost of disposition includes broker's commissions, freight, hauling to market, and other marketing costs. Printable tax forms 2011 If you use this method, you must use it for your entire inventory, except that livestock can be inventoried under the unit-livestock-price method. Printable tax forms 2011 Unit-livestock-price method. Printable tax forms 2011   This method recognizes the difficulty of establishing the exact costs of producing and raising each animal. Printable tax forms 2011 You group or classify livestock according to type and age and use a standard unit price for each animal within a class or group. Printable tax forms 2011 The unit price you assign should reasonably approximate the normal costs incurred in producing the animals in such classes. Printable tax forms 2011 Unit prices and classifications are subject to approval by the IRS on examination of your return. Printable tax forms 2011 You must annually reevaluate your unit livestock prices and adjust the prices upward or downward to reflect increases or decreases in the costs of raising livestock. Printable tax forms 2011 IRS approval is not required for these adjustments. Printable tax forms 2011 Any other changes in unit prices or classifications do require IRS approval. Printable tax forms 2011   If you use this method, include all raised livestock in inventory, regardless of whether they are held for sale or for draft, breeding, sport, or dairy purposes. Printable tax forms 2011 This method accounts only for the increase in cost of raising an animal to maturity. Printable tax forms 2011 It does not provide for any decrease in the animal's market value after it reaches maturity. Printable tax forms 2011 Also, if you raise cattle, you are not required to inventory hay you grow to feed your herd. Printable tax forms 2011   Do not include sold or lost animals in the year-end inventory. Printable tax forms 2011 If your records do not show which animals were sold or lost, treat the first animals acquired as sold or lost. Printable tax forms 2011 The animals on hand at the end of the year are considered those most recently acquired. Printable tax forms 2011   You must include in inventory all livestock purchased primarily for sale. Printable tax forms 2011 You can choose either to include in inventory or depreciate livestock purchased for draft, breeding, sport or dairy purposes. Printable tax forms 2011 However, you must be consistent from year to year, regardless of the method you have chosen. Printable tax forms 2011 You cannot change your method without obtaining approval from the IRS. Printable tax forms 2011   You must include in inventory animals purchased after maturity or capitalize them at their purchase price. Printable tax forms 2011 If the animals are not mature at purchase, increase the cost at the end of each tax year according to the established unit price. Printable tax forms 2011 However, in the year of purchase, do not increase the cost of any animal purchased during the last 6 months of the year. Printable tax forms 2011 This “no increase” rule does not apply to tax shelters which must make an adjustment for any animal purchased during the year. Printable tax forms 2011 It also does not apply to taxpayers that must make an adjustment to reasonably reflect the particular period in the year in which animals are purchased, if necessary to avoid significant distortions in income. Printable tax forms 2011 Uniform capitalization rules. Printable tax forms 2011   A farmer can determine costs required to be allocated under the uniform capitalization rules by using the farm-price or unit-livestock-price inventory method. Printable tax forms 2011 This applies to any plant or animal, even if the farmer does not hold or treat the plant or animal as inventory property. Printable tax forms 2011 Cash Versus Accrual Method The following examples compare the cash and accrual methods of accounting. Printable tax forms 2011 Example 1. Printable tax forms 2011 You are a farmer who uses an accrual method of accounting. Printable tax forms 2011 You keep your books on the calendar year basis. Printable tax forms 2011 You sell grain in December 2013 but you are not paid until January 2014. Printable tax forms 2011 Because the accrual method was used and 2013 was the tax year in which the grain was sold, you must both include the sales proceeds and deduct the costs incurred in producing the grain on your 2013 tax return. Printable tax forms 2011 Example 2. Printable tax forms 2011 Assume the same facts as in Example 1 except that you use the cash method and there was no constructive receipt of the sales proceeds in 2013. Printable tax forms 2011 Under this method, you include the sales proceeds in income for 2014, the year you receive payment. Printable tax forms 2011 Deduct the costs of producing the grain in the year you pay for them. Printable tax forms 2011 Special Methods of Accounting There are special methods of accounting for certain items of income and expense. Printable tax forms 2011 Crop method. Printable tax forms 2011   If you do not harvest and dispose of your crop in the same tax year that you plant it, you can, with IRS approval, use the crop method of accounting. Printable tax forms 2011 You cannot use the crop method for any tax return, including your first tax return, unless you receive approval from the IRS. Printable tax forms 2011 Under this method, you deduct the entire cost of producing the crop, including the expense of seed or young plants, in the year you realize income from the crop. Printable tax forms 2011    See chapter 4 for details on deducting the costs of operating a farm. Printable tax forms 2011 Also see Regulations section 1. Printable tax forms 2011 162-12. Printable tax forms 2011 Other special methods. Printable tax forms 2011   Other special methods of accounting apply to the following items. Printable tax forms 2011 Amortization, see chapter 7. Printable tax forms 2011 Casualties, see chapter 11. Printable tax forms 2011 Condemnations, see chapter 11. Printable tax forms 2011 Depletion, see chapter 7. Printable tax forms 2011 Depreciation, see chapter 7. Printable tax forms 2011 Farm business expenses, see chapter 4. Printable tax forms 2011 Farm income, see chapter 3. Printable tax forms 2011 Installment sales, see chapter 10. Printable tax forms 2011 Soil and water conservation expenses, see chapter 5. Printable tax forms 2011 Thefts, see chapter 11. Printable tax forms 2011 Combination Method Generally, you can use any combination of cash, accrual, and special methods of accounting if the combination clearly shows your income and expenses and you use it consistently. Printable tax forms 2011 However, the following restrictions apply. Printable tax forms 2011 If you use the cash method for figuring your income, you must use the cash method for reporting your expenses. Printable tax forms 2011 If you use an accrual method for reporting your expenses, you must use an accrual method for figuring your income. Printable tax forms 2011 Changes in Methods of Accounting A change in your method of accounting includes a change in: Your overall method, such as from the cash method to an accrual method, and Your treatment of any material item, such as a change in your method of valuing inventory (for example, a change from the farm-price method to the unit-livestock-price method, discussed earlier). Printable tax forms 2011 Generally, once you have set up your accounting method, you must receive approval from the IRS before you can change to another method of accounting. Printable tax forms 2011 You may also have to pay a fee. Printable tax forms 2011 To obtain approval, you must generally file Form 3115. Printable tax forms 2011 There are instances when you can obtain automatic consent to change certain methods of accounting. Printable tax forms 2011 See the List of Automatic Accounting Method Changes located in the Instructions for Form 3115. Printable tax forms 2011 For more information on changes in methods of accounting, see Form 3115 and the Instructions for Form 3115. Printable tax forms 2011 Also see Publication 538. Printable tax forms 2011 Prev  Up  Next   Home   More Online Publications
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Understanding your CP25 Notice

We made changes to your return because we found a difference between the amount of estimated tax payments on your tax return and the amount we posted to your account. You're not due a refund nor do you owe an additional amount because of our changes. Your account balance is zero.

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 will explain the changes we made to your return.
  • Check the list of payments we applied to your account to see if we applied all the payments you made.
  • Correct the copy of your tax return that you kept for your records.
  • You don't need to do anything if you agree with the notice.
  • If you disagree with the notice, please contact us at the toll-free number listed on its top right-hand corner (within 60 days of the notice’s date).

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Answers to Common Questions

How can I find out what caused my tax return to change?
Please contact us at the number listed on your notice for specific information concerning your tax return.

What should I do if I find you misapplied a payment or haven't credited a payment that I made?
Contact us with your information at the toll-free number listed on your notice. Please have your documentation (such as cancelled checks, amended return, etc.) ready when you call. Our representative will discuss the issue with you and give you further instructions.

What should I do if I disagree with the changes you made?
Contact us at the toll free number listed on the top right-hand corner of your notice.

How do I adjust my estimated tax payments?
You can adjust your estimated tax payments by completing a Form 1040-ES, Estimated Tax for Individuals. See Publication 505, Tax Withholding and Estimated Tax for more information.

What should I do if I need to make another correction to my tax return?
You'll need to file Form 1040X, Amended U.S. Individual Income Tax Return.


Tips for next year

Consider filing your taxes electronically. Filing online can help you avoid mistakes and find credits and deductions that you may qualify for. In many cases you can file for free. Learn more about e-file.

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The Printable Tax Forms 2011

Printable tax forms 2011 Index A Accrual period, Accrual period. Printable tax forms 2011 Acquisition premium, Acquisition premium. Printable tax forms 2011 Adjusted issue price, Adjusted issue price. Printable tax forms 2011 Assistance (see Tax help) B Backup withholding, Backup Withholding Bearer bonds and coupons, Bearer Bonds and Coupons Brokers (see Information for brokers and other middlemen) C Certificates of deposit, Certificates of Deposit Comments and suggestions, Comments and suggestions. Printable tax forms 2011 Contingent payment debt instruments, Contingent Payment Debt Instruments D Debt instrument, Debt instrument. Printable tax forms 2011 Debt instruments Long-term, Long-Term Debt Instruments Short-term, Short-Term Obligations Redeemed at Maturity Debt instruments and coupons purchased after 1984, Debt Instruments and Coupons Purchased After 1984 Debt instruments and coupons purchased after July 1, 1982, and before 1985, Debt Instruments and Coupons Purchased After July 1, 1982, and Before 1985 Debt instruments issued after 1954, corporate, Corporate Debt Instruments Issued After 1954 and Before May 28, 1969, and Government Debt Instruments Issued After 1954 and Before July 2, 1982 Debt instruments issued after 1984, Debt Instruments Issued After 1984 Debt instruments issued after July 1, 1982, Debt Instruments Issued After July 1, 1982, and Before 1985 Debt instruments issued after May 27, 1969, corporate, Corporate Debt Instruments Issued After May 27, 1969, and Before July 2, 1982 Debt instruments not on the OID list, Debt Instruments Not on the OID List Debt Instruments on the OID list, Debt Instruments on the OID List Definitions, Definitions Accrual period, Accrual period. Printable tax forms 2011 Acquisition premium, Acquisition premium. Printable tax forms 2011 Adjusted issue price, Adjusted issue price. Printable tax forms 2011 Debt instrument, Debt instrument. Printable tax forms 2011 Issue price, Issue price. Printable tax forms 2011 Market discount, Market discount. Printable tax forms 2011 Original issue discount (OID), Original issue discount (OID). Printable tax forms 2011 Premium, Premium. Printable tax forms 2011 Qualified stated interest, Qualified stated interest. Printable tax forms 2011 Stated redemption price at maturity, Stated redemption price at maturity. Printable tax forms 2011 Yield to maturity, Yield to maturity (YTM). Printable tax forms 2011 E Electronic payee statements, Electronic payee statements. Printable tax forms 2011 F Form 1099-OID, Form 1099-OID. Printable tax forms 2011 Free tax services, Free help with your tax return. Printable tax forms 2011 H Help (see Tax help) I Inflation-indexed debt instruments, Inflation-Indexed Debt Instruments Information for brokers and other middlemen, Information for Brokers and Other Middlemen Information for owners of OID debt instruments, Information for Owners of OID Debt Instruments Issue price, Issue price. Printable tax forms 2011 Issuers of OID debt instruments, Instructions for, Instructions for issuers of OID debt instruments. Printable tax forms 2011 L Long-term debt instruments, Long-Term Debt Instruments M Market discount, Market discount. Printable tax forms 2011 O OID list, Debt Instruments on, Debt Instruments on the OID List OID on long-term debt instruments, figuring, Figuring OID on Long-Term Debt Instruments OID on stripped bonds and coupons, figuring, Figuring OID on Stripped Bonds and Coupons OID, figuring, Figuring OID. Printable tax forms 2011 Using section I, Using Section I. Printable tax forms 2011 Using the income tax regulations, Using the income tax regulations. Printable tax forms 2011 Original issue discount (OID), Original issue discount (OID). Printable tax forms 2011 Owners of OID debt instruments, information for, Information for Owners of OID Debt Instruments P Premium, Premium. Printable tax forms 2011 Publications (see Tax help) Q Qualified stated interest, Qualified stated interest. Printable tax forms 2011 R REMIC and CDO information reporting requirements, REMIC and CDO information reporting requirements. Printable tax forms 2011 S Section I, Section I. Printable tax forms 2011 Section II, Section II. Printable tax forms 2011 Section III, Section III. Printable tax forms 2011 Short-term obligations redeemed at maturity, Short-Term Obligations Redeemed at Maturity Stated redemption price at maturity, Stated redemption price at maturity. Printable tax forms 2011 Stripped bonds and coupons, figuring OID, Figuring OID on Stripped Bonds and Coupons Suggestions, Comments and, Comments and suggestions. Printable tax forms 2011 T Tax help, How To Get Tax Help Y Yield to maturity, Yield to maturity (YTM). Printable tax forms 2011 , Yield to maturity (YTM). Printable tax forms 2011 Prev  Up     Home   More Online Publications