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Turbo Tax 2011

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Turbo Tax 2011

Turbo tax 2011 2. Turbo tax 2011   Source of Income Table of Contents Introduction Topics - This chapter discusses: Resident Aliens Nonresident AliensInterest Income Dividends Guarantee of Indebtedness Personal Services Transportation Income Scholarships, Grants, Prizes, and Awards Pensions and Annuities Rents or Royalties Real Property Personal Property Community Income Introduction After you have determined your alien status, you must determine the source of your income. Turbo tax 2011 This chapter will help you determine the source of different types of income you may receive during the tax year. Turbo tax 2011 This chapter also discusses special rules for married individuals who are domiciled in a country with community property laws. Turbo tax 2011 Topics - This chapter discusses: Income source rules, and Community income. Turbo tax 2011 Resident Aliens A resident alien's income is generally subject to tax in the same manner as a U. Turbo tax 2011 S. Turbo tax 2011 citizen. Turbo tax 2011 If you are a resident alien, you must report all interest, dividends, wages, or other compensation for services, income from rental property or royalties, and other types of income on your U. Turbo tax 2011 S. Turbo tax 2011 tax return. Turbo tax 2011 You must report these amounts from sources within and outside the United States. Turbo tax 2011 Nonresident Aliens A nonresident alien usually is subject to U. Turbo tax 2011 S. Turbo tax 2011 income tax only on U. Turbo tax 2011 S. Turbo tax 2011 source income. Turbo tax 2011 Under limited circumstances, certain foreign source income is subject to U. Turbo tax 2011 S. Turbo tax 2011 tax. Turbo tax 2011 See Foreign Income in chapter 4. Turbo tax 2011 The general rules for determining U. Turbo tax 2011 S. Turbo tax 2011 source income that apply to most nonresident aliens are shown in Table 2-1. Turbo tax 2011 The following discussions cover the general rules as well as the exceptions to these rules. Turbo tax 2011 Not all items of U. Turbo tax 2011 S. Turbo tax 2011 source income are taxable. Turbo tax 2011 See chapter 3. Turbo tax 2011 Interest Income Generally, U. Turbo tax 2011 S. Turbo tax 2011 source interest income includes the following items. Turbo tax 2011 Interest on bonds, notes, or other interest-bearing obligations of U. Turbo tax 2011 S. Turbo tax 2011 residents or domestic corporations. Turbo tax 2011 Interest paid by a domestic or foreign partnership or foreign corporation engaged in a U. Turbo tax 2011 S. Turbo tax 2011 trade or business at any time during the tax year. Turbo tax 2011 Original issue discount. Turbo tax 2011 Interest from a state, the District of Columbia, or the U. Turbo tax 2011 S. Turbo tax 2011 Government. Turbo tax 2011 The place or manner of payment is immaterial in determining the source of the income. Turbo tax 2011 A substitute interest payment made to the transferor of a security in a securities lending transaction or a sale-repurchase transaction is sourced in the same manner as the interest on the transferred security. Turbo tax 2011 Exceptions. Turbo tax 2011   U. Turbo tax 2011 S. Turbo tax 2011 source interest income does not include the following items. Turbo tax 2011 Interest paid by a resident alien or a domestic corporation on obligations issued before August 10, 2010, if for the 3-year period ending with the close of the payer's tax year preceding the interest payment, at least 80% of the payer's total gross income: Is from sources outside the United States, and Is attributable to the active conduct of a trade or business by the individual or corporation in a foreign country or a U. Turbo tax 2011 S. Turbo tax 2011 possession. Turbo tax 2011 However, the interest will be considered U. Turbo tax 2011 S. Turbo tax 2011 source interest income if either of the following apply. Turbo tax 2011 The recipient of the interest is related to the resident alien or domestic corporation. Turbo tax 2011 See section 954(d)(3) for the definition of related person. Turbo tax 2011 The terms of the obligation are significantly modified after August 9, 2010. Turbo tax 2011 Any extension of the term of the obligation is considered a significant modification. Turbo tax 2011 Interest paid by a foreign branch of a domestic corporation or a domestic partnership on deposits or withdrawable accounts with mutual savings banks, cooperative banks, credit unions, domestic building and loan associations, and other savings institutions chartered and supervised as savings and loan or similar associations under federal or state law if the interest paid or credited can be deducted by the association. Turbo tax 2011 Interest on deposits with a foreign branch of a domestic corporation or domestic partnership, but only if the branch is in the commercial banking business. Turbo tax 2011 Dividends In most cases, dividend income received from domestic corporations is U. Turbo tax 2011 S. Turbo tax 2011 source income. Turbo tax 2011 Dividend income from foreign corporations is usually foreign source income. Turbo tax 2011 Exceptions to both of these rules are discussed below. Turbo tax 2011 A substitute dividend payment made to the transferor of a security in a securities lending transaction or a sale-repurchase transaction is sourced in the same manner as a distribution on the transferred security. Turbo tax 2011 Dividend equivalent payments. Turbo tax 2011   U. Turbo tax 2011 S. Turbo tax 2011 source dividends also include all dividend equivalent payments. Turbo tax 2011 Dividend equivalent payments include substitute dividends, payments made pursuant to a specified notional principal contract, and all similar payments that, directly or indirectly, are contingent on or determined by reference to, the payment of a dividend from U. Turbo tax 2011 S. Turbo tax 2011 sources. Turbo tax 2011    The Internal Revenue Service has issued final regulations that would affect the treatment of dividend equivalent payments and specified notional principal contracts. Turbo tax 2011 You can view this regulation at www. Turbo tax 2011 irs. Turbo tax 2011 gov/irb/2013-52_IRB/ar08. Turbo tax 2011 html. Turbo tax 2011 First exception. Turbo tax 2011   Dividends received from a domestic corporation are not U. Turbo tax 2011 S. Turbo tax 2011 source income if the corporation elects to take the American Samoa economic development credit. Turbo tax 2011 Second exception. Turbo tax 2011   Part of the dividends received from a foreign corporation is U. Turbo tax 2011 S. Turbo tax 2011 source income if 25% or more of its total gross income for the 3-year period ending with the close of its tax year preceding the declaration of dividends was effectively connected with a trade or business in the United States. Turbo tax 2011 If the corporation was formed less than 3 years before the declaration, use its total gross income from the time it was formed. Turbo tax 2011 Determine the part that is U. Turbo tax 2011 S. Turbo tax 2011 source income by multiplying the dividend by the following fraction. Turbo tax 2011   Foreign corporation's gross income connected with a U. Turbo tax 2011 S. Turbo tax 2011 trade or business for the 3-year period     Foreign corporation's gross income from all sources for that period   Guarantee of Indebtedness Certain amounts received directly or indirectly, for the provision of a guarantee of indebtedness issued after September 27, 2010, are U. Turbo tax 2011 S. Turbo tax 2011 source income. Turbo tax 2011 They must be paid by a noncorporate resident or U. Turbo tax 2011 S. Turbo tax 2011 corporation or by any foreign person if the amounts are effectively connected with the conduct of a U. Turbo tax 2011 S. Turbo tax 2011 trade or business. Turbo tax 2011 For more information, see Internal Revenue Code sections 861(a)(9) and 862(a)(9). Turbo tax 2011 Personal Services All wages and any other compensation for services performed in the United States are considered to be from sources in the United States. Turbo tax 2011 The only exceptions to this rule are discussed in chapter 3 under Employees of foreign persons, organizations, or offices, and under Crew members. Turbo tax 2011 If you are an employee and receive compensation for labor or personal services performed both inside and outside the United States, special rules apply in determining the source of the compensation. Turbo tax 2011 Compensation (other than certain fringe benefits) is sourced on a time basis. Turbo tax 2011 Certain fringe benefits (such as housing and education) are sourced on a geographical basis. Turbo tax 2011 Or, you may be permitted to use an alternative basis to determine the source of compensation. Turbo tax 2011 See Alternative Basis , later. Turbo tax 2011 Multi-level marketing. Turbo tax 2011   Certain companies sell products through a multi-level marketing arrangement, such that an upper-tier distributor, who has sponsored a lower-tier distributor, is entitled to a payment from the company based on certain activities of that lower-tier distributor. Turbo tax 2011 Generally, depending on the facts, payments from such multi-level marketing companies to independent (non-employee) distributors (upper-tier distributors) that are based on the sales or purchases of persons whom they have sponsored (lower-tier distributors) constitute income for the performance of personal services in recruiting, training, and supporting the lower-tier distributors. Turbo tax 2011 The source of such income is generally based on where the services of the upper-tier distributor are performed, and may, depending on the facts, be considered multi-year compensation, with the source of income determined over the period to which such compensation is attributable. Turbo tax 2011 Self-employed individuals. Turbo tax 2011   If you are self-employed, you determine the source of compensation for labor or personal services from self-employment on the basis that most correctly reflects the proper source of that income under the facts and circumstances of your particular case. Turbo tax 2011 In many cases, the facts and circumstances will call for an apportionment on a time basis as explained next. Turbo tax 2011 Time Basis Use a time basis to figure your U. Turbo tax 2011 S. Turbo tax 2011 source compensation (other than the fringe benefits discussed later). Turbo tax 2011 Do this by multiplying your total compensation (other than the fringe benefits discussed later) by the following fraction:   Number of days you performed services in the United States during the year     Total number of days you performed services during the year   You can use a unit of time less than a day in the above fraction, if appropriate. Turbo tax 2011 The time period for which the compensation is made does not have to be a year. Turbo tax 2011 Instead, you can use another distinct, separate, and continuous time period if you can establish to the satisfaction of the IRS that this other period is more appropriate. Turbo tax 2011 Example 1. Turbo tax 2011 Christina Brooks, a resident of the Netherlands, worked 240 days for a U. Turbo tax 2011 S. Turbo tax 2011 company during the tax year. Turbo tax 2011 She received $80,000 in compensation. Turbo tax 2011 None of it was for fringe benefits. Turbo tax 2011 Christina performed services in the United States for 60 days and performed services in the Netherlands for 180 days. Turbo tax 2011 Using the time basis for determining the source of compensation, $20,000 ($80,000 × 60/240) is her U. Turbo tax 2011 S. Turbo tax 2011 source income. Turbo tax 2011 Example 2. Turbo tax 2011 Rob Waters, a resident of South Africa, is employed by a corporation. Turbo tax 2011 His annual salary is $100,000. Turbo tax 2011 None of it is for fringe benefits. Turbo tax 2011 During the first quarter of the year he worked entirely within the United States. Turbo tax 2011 On April 1, Rob was transferred to Singapore for the remainder of the year. Turbo tax 2011 Rob is able to establish that the first quarter of the year and the last 3 quarters of the year are two separate, distinct, and continuous periods of time. Turbo tax 2011 Accordingly, $25,000 of Rob's annual salary is attributable to the first quarter of the year (. Turbo tax 2011 25 × $100,000). Turbo tax 2011 All of it is U. Turbo tax 2011 S. Turbo tax 2011 source income because he worked entirely within the United States during that quarter. Turbo tax 2011 The remaining $75,000 is attributable to the last three quarters of the year. Turbo tax 2011 During those quarters, he worked 150 days in Singapore and 30 days in the United States. Turbo tax 2011 His periodic performance of services in the United States did not result in distinct, separate, and continuous periods of time. Turbo tax 2011 Of this $75,000, $12,500 ($75,000 × 30/180) is U. Turbo tax 2011 S. Turbo tax 2011 source income. Turbo tax 2011 Multi-year compensation. Turbo tax 2011   The source of multi-year compensation is generally determined on a time basis over the period to which the compensation is attributable. Turbo tax 2011 Multi-year compensation is compensation that is included in your income in one tax year but that is attributable to a period that includes two or more tax years. Turbo tax 2011   You determine the period to which the compensation is attributable based on the facts and circumstances of your case. Turbo tax 2011 For example, an amount of compensation that specifically relates to a period of time that includes several calendar years is attributable to the entire multi-year period. Turbo tax 2011   The amount of compensation treated as from U. Turbo tax 2011 S. Turbo tax 2011 sources is figured by multiplying the total multi-year compensation by a fraction. Turbo tax 2011 The numerator of the fraction is the number of days (or unit of time less than a day, if appropriate) that you performed labor or personal services in the United States in connection with the project. Turbo tax 2011 The denominator of the fraction is the total number of days (or unit of time less than a day, if appropriate) that you performed labor or personal services in connection with the project. Turbo tax 2011 Geographical Basis Compensation you receive as an employee in the form of the following fringe benefits is sourced on a geographical basis. Turbo tax 2011 Housing. Turbo tax 2011 Education. Turbo tax 2011 Local transportation. Turbo tax 2011 Tax reimbursement. Turbo tax 2011 Hazardous or hardship duty pay as defined in Regulations section 1. Turbo tax 2011 861-4(b)(2)(ii)(D)(5). Turbo tax 2011 Moving expense reimbursement. Turbo tax 2011 The amount of fringe benefits must be reasonable and you must substantiate them by adequate records or by sufficient evidence. Turbo tax 2011 Principal place of work. Turbo tax 2011   The above fringe benefits, except for tax reimbursement and hazardous or hardship duty pay, are sourced based on your principal place of work. Turbo tax 2011 Your principal place of work is usually the place where you spend most of your working time. Turbo tax 2011 This could be your office, plant, store, shop, or other location. Turbo tax 2011 If there is no one place where you spend most of your working time, your main job location is the place where your work is centered, such as where you report for work or are otherwise required to “base” your work. Turbo tax 2011   If you have more than one job at any time, your main job location depends on the facts in each case. Turbo tax 2011 The more important factors to be considered are: The total time you spend at each place, The amount of work you do at each place, and How much money you earn at each place. Turbo tax 2011 Housing. Turbo tax 2011   The source of a housing fringe benefit is determined based on the location of your principal place of work. Turbo tax 2011 A housing fringe benefit includes payments to you or on your behalf (and your family's if your family resides with you) only for the following. Turbo tax 2011 Rent. Turbo tax 2011 Utilities (except telephone charges). Turbo tax 2011 Real and personal property insurance. Turbo tax 2011 Occupancy taxes not deductible under section 164 or 216(a). Turbo tax 2011 Nonrefundable fees for securing a leasehold. Turbo tax 2011 Rental of furniture and accessories. Turbo tax 2011 Household repairs. Turbo tax 2011 Residential parking. Turbo tax 2011 Fair rental value of housing provided in kind by your employer. Turbo tax 2011   A housing fringe benefit does not include: Deductible interest and taxes (including deductible interest and taxes of a tenant-stockholder in a cooperative housing corporation), The cost of buying property, including principal payments on a mortgage, The cost of domestic labor (maids, gardeners, etc. Turbo tax 2011 ), Pay television subscriptions, Improvements and other expenses that increase the value or appreciably prolong the life of property, Purchased furniture or accessories, Depreciation or amortization of property or improvements, The value of meals or lodging that you exclude from gross income, or The value of meals or lodging that you deduct as moving expenses. Turbo tax 2011 Education. Turbo tax 2011   The source of an education fringe benefit for the education expenses of your dependents is determined based on the location of your principal place of work. Turbo tax 2011 An education fringe benefit includes payments only for the following expenses for education at an elementary or secondary school. Turbo tax 2011 Tuition, fees, academic tutoring, special needs services for a special needs student, books, supplies, and other equipment. Turbo tax 2011 Room and board and uniforms that are required or provided by the school in connection with enrollment or attendance. Turbo tax 2011 Local transportation. Turbo tax 2011   The source of a local transportation fringe benefit is determined based on the location of your principal place of work. Turbo tax 2011 Your local transportation fringe benefit is the amount that you receive as compensation for local transportation for you or your spouse or dependents at the location of your principal place of work. Turbo tax 2011 The amount treated as a local transportation fringe benefit is limited to actual expenses incurred for local transportation and the fair rental value of any employer-provided vehicle used predominantly by you, your spouse, or your dependents for local transportation. Turbo tax 2011 Actual expenses do not include the cost (including interest) of any vehicle purchased by you or on your behalf. Turbo tax 2011 Tax reimbursement. Turbo tax 2011   The source of a tax reimbursement fringe benefit is determined based on the location of the jurisdiction that imposed the tax for which you are reimbursed. Turbo tax 2011 Moving expense reimbursement. Turbo tax 2011   The source of a moving expense reimbursement is generally based on the location of your new principal place of work. Turbo tax 2011 However, the source is determined based on the location of your former principal place of work if you provide sufficient evidence that such determination of source is more appropriate under the facts and circumstances of your case. Turbo tax 2011 Sufficient evidence generally requires an agreement between you and your employer, or a written statement of company policy, which is reduced to writing before the move and which is entered into or established to induce you or other employees to move to another country. Turbo tax 2011 The written statement or agreement must state that your employer will reimburse you for moving expenses that you incur to return to your former principal place of work regardless of whether you continue to work for your employer after returning to that location. Turbo tax 2011 It may contain certain conditions upon which the right to reimbursement is determined as long as those conditions set forth standards that are definitely ascertainable and can only be fulfilled prior to, or through completion of, your return move to your former principal place of work. Turbo tax 2011 Alternative Basis If you are an employee, you can determine the source of your compensation under an alternative basis if you establish to the satisfaction of the IRS that, under the facts and circumstances of your case, the alternative basis more properly determines the source of your compensation than the time or geographical basis. Turbo tax 2011 If you use an alternative basis, you must keep (and have available for inspection) records to document why the alternative basis more properly determines the source of your compensation. Turbo tax 2011 Also, if your total compensation from all sources is $250,000 or more, check “Yes” to both questions on line K on page 5 of Form 1040NR, and attach a written statement to your tax return that sets forth all of the following. Turbo tax 2011 Your name and social security number (written across the top of the statement). Turbo tax 2011 The specific compensation income, or the specific fringe benefit, for which you are using the alternative basis. Turbo tax 2011 For each item in (2), the alternative basis of allocation of source used. Turbo tax 2011 For each item in (2), a computation showing how the alternative allocation was computed. Turbo tax 2011 A comparison of the dollar amount of the U. Turbo tax 2011 S. Turbo tax 2011 compensation and foreign compensation sourced under both the alternative basis and the time or geographical basis discussed earlier. Turbo tax 2011 Transportation Income Transportation income is income from the use of a vessel or aircraft or for the performance of services directly related to the use of any vessel or aircraft. Turbo tax 2011 This is true whether the vessel or aircraft is owned, hired, or leased. Turbo tax 2011 The term “vessel or aircraft” includes any container used in connection with a vessel or aircraft. Turbo tax 2011 All income from transportation that begins and ends in the United States is treated as derived from sources in the United States. Turbo tax 2011 If the transportation begins or ends in the United States, 50% of the transportation income is treated as derived from sources in the United States. Turbo tax 2011 For transportation income from personal services, 50% of the income is U. Turbo tax 2011 S. Turbo tax 2011 source income if the transportation is between the United States and a U. Turbo tax 2011 S. Turbo tax 2011 possession. Turbo tax 2011 For nonresident aliens, this only applies to income derived from, or in connection with, an aircraft. Turbo tax 2011 For information on how U. Turbo tax 2011 S. Turbo tax 2011 source transportation income is taxed, see chapter 4. Turbo tax 2011 Scholarships, Grants, Prizes, and Awards Generally, the source of scholarships, fellowship grants, grants, prizes, and awards is the residence of the payer regardless of who actually disburses the funds. Turbo tax 2011 However, see Activities to be performed outside the United States , later. Turbo tax 2011 For example, payments for research or study in the United States made by the United States, a noncorporate U. Turbo tax 2011 S. Turbo tax 2011 resident, or a domestic corporation, are from U. Turbo tax 2011 S. Turbo tax 2011 sources. Turbo tax 2011 Similar payments from a foreign government or foreign corporation are foreign source payments even though the funds may be disbursed through a U. Turbo tax 2011 S. Turbo tax 2011 agent. Turbo tax 2011 Payments made by an entity designated as a public international organization under the International Organizations Immunities Act are from foreign sources. Turbo tax 2011 Activities to be performed outside the United States. Turbo tax 2011   Scholarships, fellowship grants, targeted grants, and achievement awards received by nonresident aliens for activities performed, or to be performed, outside the United States are not U. Turbo tax 2011 S. Turbo tax 2011 source income. Turbo tax 2011    These rules do not apply to amounts paid as salary or other compensation for services. Turbo tax 2011 See Personal Services, earlier, for the source rules that apply. Turbo tax 2011 Pensions and Annuities If you receive a pension from a domestic trust for services performed both in and outside the United States, part of the pension payment is from U. Turbo tax 2011 S. Turbo tax 2011 sources. Turbo tax 2011 That part is the amount attributable to earnings of the pension plan and the employer contributions made for services performed in the United States. Turbo tax 2011 This applies whether the distribution is made under a qualified or nonqualified stock bonus, pension, profit-sharing, or annuity plan (whether or not funded). Turbo tax 2011 If you performed services as an employee of the United States, you may receive a distribution from the U. Turbo tax 2011 S. Turbo tax 2011 Government under a plan, such as the Civil Service Retirement System, that is treated as a qualified pension plan. Turbo tax 2011 Your U. Turbo tax 2011 S. Turbo tax 2011 source income is the otherwise taxable amount of the distribution that is attributable to your total U. Turbo tax 2011 S. Turbo tax 2011 Government basic pay other than tax-exempt pay for services performed outside the United States. Turbo tax 2011 Rents or Royalties Your U. Turbo tax 2011 S. Turbo tax 2011 source income includes rent and royalty income received during the tax year from property located in the United States or from any interest in that property. Turbo tax 2011 U. Turbo tax 2011 S. Turbo tax 2011 source income also includes rents or royalties for the use of, or for the privilege of using, in the United States, intangible property such as patents, copyrights, secret processes and formulas, goodwill, trademarks, franchises, and similar property. Turbo tax 2011 Real Property Real property is land and buildings and generally anything built on, growing on, or attached to land. Turbo tax 2011 Gross income from sources in the United States includes gains, profits, and income from the sale or other disposition of real property located in the United States. Turbo tax 2011 Natural resources. Turbo tax 2011   The income from the sale of products of any farm, mine, oil or gas well, other natural deposit, or timber located in the United States and sold in a foreign country, or located in a foreign country and sold in the United States, is partly from sources in the United States. Turbo tax 2011 For information on determining that part, see section 1. Turbo tax 2011 863-1(b) of the regulations. Turbo tax 2011 Table 2-1. Turbo tax 2011 Summary of Source Rules for Income of Nonresident Aliens Item of income Factor determining source Salaries, wages, other compensation Where services performed Business income:   Personal services Where services performed Sale of inventory—purchased Where sold Sale of inventory—produced Allocation Interest Residence of payer Dividends Whether a U. Turbo tax 2011 S. Turbo tax 2011 or foreign corporation* Rents Location of property Royalties:   Natural resources Location of property Patents, copyrights, etc. Turbo tax 2011 Where property is used Sale of real property Location of property Sale of personal property Seller's tax home (but see Personal Property , later, for exceptions) Pension distributions attributable to contributions Where services were performed that earned the pension Investment earnings on pension contributions Location of pension trust Sale of natural resources Allocation based on fair market value of product at export terminal. Turbo tax 2011 For more information, see section 1. Turbo tax 2011 863-1(b) of the regulations. Turbo tax 2011 *Exceptions include: a) Dividends paid by a U. Turbo tax 2011 S. Turbo tax 2011 corporation are foreign source if the corporation elects the  American Samoa economic development credit. Turbo tax 2011  b) Part of a dividend paid by a foreign corporation is U. Turbo tax 2011 S. Turbo tax 2011 source if at least 25% of the  corporation's gross income is effectively connected with a U. Turbo tax 2011 S. Turbo tax 2011 trade or business for the  3 tax years before the year in which the dividends are declared. Turbo tax 2011 Personal Property Personal property is property, such as machinery, equipment, or furniture, that is not real property. Turbo tax 2011 Gain or loss from the sale or exchange of personal property generally has its source in the United States if you have a tax home in the United States. Turbo tax 2011 If you do not have a tax home in the United States, the gain or loss generally is considered to be from sources outside the United States. Turbo tax 2011 Tax home. Turbo tax 2011   Your tax home is the general area of your main place of business, employment, or post of duty, regardless of where you maintain your family home. Turbo tax 2011 Your tax home is the place where you permanently or indefinitely work as an employee or a self-employed individual. Turbo tax 2011 If you do not have a regular or main place of business because of the nature of your work, then your tax home is the place where you regularly live. Turbo tax 2011 If you do not fit either of these categories, you are considered an itinerant and your tax home is wherever you work. Turbo tax 2011 Inventory property. Turbo tax 2011   Inventory property is personal property that is stock in trade or that is held primarily for sale to customers in the ordinary course of your trade or business. Turbo tax 2011 Income from the sale of inventory that you purchased is sourced where the property is sold. Turbo tax 2011 Generally, this is where title to the property passes to the buyer. Turbo tax 2011 For example, income from the sale of inventory in the United States is U. Turbo tax 2011 S. Turbo tax 2011 source income, whether you purchased it in the United States or in a foreign country. Turbo tax 2011   Income from the sale of inventory property that you produced in the United States and sold outside the United States (or vice versa) is partly from sources in the United States and partly from sources outside the United States. Turbo tax 2011 For information on making this allocation, see section 1. Turbo tax 2011 863-3 of the regulations. Turbo tax 2011   These rules apply even if your tax home is not in the United States. Turbo tax 2011 Depreciable property. Turbo tax 2011   To determine the source of any gain from the sale of depreciable personal property, you must first figure the part of the gain that is not more than the total depreciation adjustments on the property. Turbo tax 2011 You allocate this part of the gain to sources in the United States based on the ratio of U. Turbo tax 2011 S. Turbo tax 2011 depreciation adjustments to total depreciation adjustments. Turbo tax 2011 The rest of this part of the gain is considered to be from sources outside the United States. Turbo tax 2011   For this purpose, “U. Turbo tax 2011 S. Turbo tax 2011 depreciation adjustments” are the depreciation adjustments to the basis of the property that are allowable in figuring taxable income from U. Turbo tax 2011 S. Turbo tax 2011 sources. Turbo tax 2011 However, if the property is used predominantly in the United States during a tax year, all depreciation deductions allowable for that year are treated as U. Turbo tax 2011 S. Turbo tax 2011 depreciation adjustments. Turbo tax 2011 But there are some exceptions for certain transportation, communications, and other property used internationally. Turbo tax 2011   Gain from the sale of depreciable property that is more than the total depreciation adjustments on the property is sourced as if the property were inventory property, as discussed above. Turbo tax 2011   A loss is sourced in the same way as the depreciation deductions were sourced. Turbo tax 2011 However, if the property was used predominantly in the United States, the entire loss reduces U. Turbo tax 2011 S. Turbo tax 2011 source income. Turbo tax 2011   The basis of property usually means the cost (money plus the fair market value of other property or services) of property you acquire. Turbo tax 2011 Depreciation is an amount deducted to recover the cost or other basis of a trade or business asset. Turbo tax 2011 The amount you can deduct depends on the property's cost, when you began using the property, how long it will take to recover your cost, and which depreciation method you use. Turbo tax 2011 A depreciation deduction is any deduction for depreciation or amortization or any other allowable deduction that treats a capital expenditure as a deductible expense. Turbo tax 2011 Intangible property. Turbo tax 2011   Intangible property includes patents, copyrights, secret processes or formulas, goodwill, trademarks, trade names, or other like property. Turbo tax 2011 The gain from the sale of amortizable or depreciable intangible property, up to the previously allowable amortization or depreciation deductions, is sourced in the same way as the original deductions were sourced. Turbo tax 2011 This is the same as the source rule for gain from the sale of depreciable property. Turbo tax 2011 See Depreciable property , earlier, for details on how to apply this rule. Turbo tax 2011   Gain in excess of the amortization or depreciation deductions is sourced in the country where the property is used if the income from the sale is contingent on the productivity, use, or disposition of that property. Turbo tax 2011 If the income is not contingent on the productivity, use, or disposition of the property, the income is sourced according to your tax home as discussed earlier. Turbo tax 2011 If payments for goodwill do not depend on its productivity, use, or disposition, their source is the country in which the goodwill was generated. Turbo tax 2011 Sales through offices or fixed places of business. Turbo tax 2011   Despite any of the earlier rules, if you do not have a tax home in the United States, but you maintain an office or other fixed place of business in the United States, treat the income from any sale of personal property (including inventory property) that is attributable to that office or place of business as U. Turbo tax 2011 S. Turbo tax 2011 source income. Turbo tax 2011 However, this rule does not apply to sales of inventory property for use, disposition, or consumption outside the United States if your office or other fixed place of business outside the United States materially participated in the sale. Turbo tax 2011   If you have a tax home in the United States but maintain an office or other fixed place of business outside the United States, income from sales of personal property, other than inventory, depreciable property, or intangibles, that is attributable to that foreign office or place of business may be treated as U. Turbo tax 2011 S. Turbo tax 2011 source income. Turbo tax 2011 The income is treated as U. Turbo tax 2011 S. Turbo tax 2011 source income if an income tax of less than 10% of the income from the sale is paid to a foreign country. Turbo tax 2011 This rule also applies to losses if the foreign country would have imposed an income tax of less than 10% had the sale resulted in a gain. Turbo tax 2011 Community Income If you are married and you or your spouse is subject to the community property laws of a foreign country, a U. Turbo tax 2011 S. Turbo tax 2011 state, or a U. Turbo tax 2011 S. Turbo tax 2011 possession, you generally must follow those laws to determine the income of yourself and your spouse for U. Turbo tax 2011 S. Turbo tax 2011 tax purposes. Turbo tax 2011 But you must disregard certain community property laws if: Both you and your spouse are nonresident aliens, or One of you is a nonresident alien and the other is a U. Turbo tax 2011 S. Turbo tax 2011 citizen or resident and you do not both choose to be treated as U. Turbo tax 2011 S. Turbo tax 2011 residents as explained in chapter 1. Turbo tax 2011 In these cases, you and your spouse must report community income as explained later. Turbo tax 2011 Earned income. Turbo tax 2011   Earned income of a spouse, other than trade or business income and a partner's distributive share of partnership income, is treated as the income of the spouse whose services produced the income. Turbo tax 2011 That spouse must report all of it on his or her separate return. Turbo tax 2011 Trade or business income. Turbo tax 2011   Trade or business income, other than a partner's distributive share of partnership income, is treated as the income of the spouse carrying on the trade or business. Turbo tax 2011 That spouse must report all of it on his or her separate return. Turbo tax 2011 Partnership income (or loss). Turbo tax 2011   A partner's distributive share of partnership income (or loss) is treated as the income (or loss) of the partner. Turbo tax 2011 The partner must report all of it on his or her separate return. Turbo tax 2011 Separate property income. Turbo tax 2011   Income derived from the separate property of one spouse (and which is not earned income, trade or business income, or partnership distributive share income) is treated as the income of that spouse. Turbo tax 2011 That spouse must report all of it on his or her separate return. Turbo tax 2011 Use the appropriate community property law to determine what is separate property. Turbo tax 2011 Other community income. Turbo tax 2011   All other community income is treated as provided by the applicable community property laws. Turbo tax 2011 Prev  Up  Next   Home   More Online Publications
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SOI Tax Stats - Charitable & Exempt Organizations Statistics

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Here you will find links to the Statistics of Income studies relating to the tax-exempt sector. For each of these areas, there are statistical tables and text articles that include both recent and historical data.

 

Charities & Other Tax-Exempt Organizations

Snapshot of Charities & Other Tax-Exempt Organizations
 

Nonprofit charitable organizations are exempt from income tax under Section 501(c)(3) of the Internal Revenue Code. Other tax-exempt organizations covered in this section include those exempt under Code Sections 501(c)(4)–(9). Data are compiled from Form 990, Return of Organization Exempt from Income Tax.

Exempt Organizations' Unrelated Business Income Tax

Snapshot of Unrelated Business Income Tax Statistics

Focuses on taxable income produced by an exempt organization, from activities considered "not substantially related" to its tax-exempt mission.  Measures income, deductions, and tax imposed on tax-exempt corporate and trust entities' UBI.  Data are compiled from Form 990-T, Exempt Organization Business Income Tax Return.

IRS Exempt Organizations Population Data Selected data for all Forms 990, 990-EZ, and 990-PF returns filed by active organizations. Data are from the IRS Exempt Organization Master File.
Private Foundations & Charitable Trusts

Snapshot of Private Foundation Statistics

Private foundations organized for charitable purposes are exempt from income taxes.  They are differentiated from tax-exempt public charities by their narrow bases of control and financial support.  Data are compiled from Form 990-PF, and are available for the following types of organizations: Operating Foundations, Nonoperating Foundations, and Section 4947(a)(1) Nonexempt Charitable Trusts.

Split-Interest Trusts

Snapshot of Split Interest Trusts

Split-interest trusts make distributions to both charitable and noncharitable beneficiaries, while providing tax benefits to their donor.  Based on the method and timing of distributions, split-interest trusts are divided into four categories: charitable remainder annuity trusts, charitable remainder unitrusts, charitable lead trusts, and pooled income funds.  Data are compiled from Form 5227.     

Tax-Exempt Bonds

Snapshot of Tax-Exempt Bonds

Focuses on "public purpose" (Government) and "private activity" bonds, and analyzes the types of property financed and the entire issue price of bonds.  Data are compiled from Forms 8038-G and 8038, respectively.  
SOI Bulletin Articles & Data Releases Index of articles and data releases related to the nonprofit sector and published in the quarterly SOI Bulletin .

 

Page Last Reviewed or Updated: 19-Mar-2014

The Turbo Tax 2011

Turbo tax 2011 Publication 972 - Main Content Table of Contents Child Tax CreditQualifying Child Limits on the Credit Claiming the Credit Earned Income Additional Child Tax Credit How To Get Tax HelpLow Income Taxpayer Clinics Child Tax Credit This credit is for people who have a qualifying child as defined later. Turbo tax 2011 It is in addition to the credit for child and dependent care expenses (on Form 1040, line 48; Form 1040A, line 29; or Form 1040NR, line 46) and the earned income credit (on Form 1040, line 64a; or Form 1040A, line 38a). Turbo tax 2011 The maximum amount you can claim for the credit is $1,000 for each qualifying child. Turbo tax 2011 Qualifying Child A qualifying child for purposes of the child tax credit is a child who: Is your son, daughter, stepchild, foster child, brother, sister, stepbrother, stepsister, or a descendant of any of them (for example, your grandchild, niece, or nephew), Was under age 17 at the end of 2013, Did not provide over half of his or her own support for 2013, Lived with you for more than half of 2013 (see Exceptions to time lived with you , later), Is claimed as a dependent on your return, Does not file a joint return for the year (or files it only as a claim for refund), and Was a U. Turbo tax 2011 S. Turbo tax 2011 citizen, a U. Turbo tax 2011 S. Turbo tax 2011 national, or a U. Turbo tax 2011 S. Turbo tax 2011 resident alien. Turbo tax 2011 For more information, see Publication 519, U. Turbo tax 2011 S. Turbo tax 2011 Tax Guide for Aliens. Turbo tax 2011 If the child was adopted, see Adopted child , later. Turbo tax 2011 For each qualifying child, you must either check the box on Form 1040 or Form 1040A, line 6c, column (4); or Form 1040NR, line 7c, column (4). Turbo tax 2011 Example. Turbo tax 2011 Your 10-year-old nephew lives in Mexico and qualifies as your dependent. Turbo tax 2011 Because he is not a U. Turbo tax 2011 S. Turbo tax 2011 citizen, U. Turbo tax 2011 S. Turbo tax 2011 national, or U. Turbo tax 2011 S. Turbo tax 2011 resident alien, he is not a qualifying child for the child tax credit. Turbo tax 2011 Filers who have certain child dependents with an IRS Individual Taxpayer Identification Number (ITIN). Turbo tax 2011   If you are claiming a child tax credit or additional child tax credit for a child identified on your tax return with an ITIN, you must complete Part I of Schedule 8812 (Form 1040A or 1040). Turbo tax 2011   Although a child may be your dependent, you may only claim a child tax credit or additional child tax credit for a dependent who is a citizen, national, or resident of the United States. Turbo tax 2011 To be treated as a resident of the United States, a child generally will need to meet the requirements of the substantial presence test. Turbo tax 2011 For more information about the substantial presence test, see Publication 519, U. Turbo tax 2011 S. Turbo tax 2011 Tax Guide for Aliens. Turbo tax 2011 Adopted child. Turbo tax 2011   An adopted child is always treated as your own child. Turbo tax 2011 An adopted child includes a child lawfully placed with you for legal adoption. Turbo tax 2011   If you are a U. Turbo tax 2011 S. Turbo tax 2011 citizen or U. Turbo tax 2011 S. Turbo tax 2011 national and your adopted child lived with you all year as a member of your household in 2013, that child meets condition (7) above to be a qualifying child for the child tax credit. Turbo tax 2011 Exceptions to time lived with you. Turbo tax 2011    A child is considered to have lived with you for more than half of 2013 if the child was born or died in 2013 and your home was this child's home for more than half the time he or she was alive. Turbo tax 2011 Temporary absences by you or the child for special circumstances, such as school, vacation, business, medical care, military service, or detention in a juvenile facility, count as time the child lived with you. Turbo tax 2011   There are also exceptions for kidnapped children and children of divorced or separated parents. Turbo tax 2011 For details, see the instructions for line 6c in either the Form 1040 or Form 1040A instructions. Turbo tax 2011 Qualifying child of more than one person. Turbo tax 2011   A special rule applies if your qualifying child is the qualifying child of more than one person. Turbo tax 2011 For details, see the instructions for line 6c in either the Form 1040 or Form 1040A instructions. Turbo tax 2011 Limits on the Credit You must reduce your child tax credit if either (1) or (2) applies. Turbo tax 2011 The amount on Form 1040, line 46; Form 1040A, line 28; or Form 1040NR, line 44, is less than the credit. Turbo tax 2011 If this amount is zero, you cannot take this credit because there is no tax to reduce. Turbo tax 2011 But you may be able to take the additional child tax credit. Turbo tax 2011 See Additional Child Tax Credit, later. Turbo tax 2011 Your modified adjusted gross income (AGI) is more than the amount shown below for your filing status. Turbo tax 2011 Married filing jointly – $110,000. Turbo tax 2011 Single, head of household, or qualifying widow(er) – $75,000. Turbo tax 2011 Married filing separately – $55,000. Turbo tax 2011 Modified AGI. Turbo tax 2011   For purposes of the child tax credit, your modified AGI is your AGI plus the following amounts that may apply to you. Turbo tax 2011 Any amount excluded from income because of the exclusion of income from Puerto Rico. Turbo tax 2011 On the dotted line next to Form 1040, line 38, enter the amount excluded and identify it as “EPRI. Turbo tax 2011 ” Also attach a copy of any Form(s) 499R-2/W-2PR to your return. Turbo tax 2011 Any amount on line 45 or line 50 of Form 2555, Foreign Earned Income. Turbo tax 2011 Any amount on line 18 of Form 2555-EZ, Foreign Earned Income Exclusion. Turbo tax 2011 Any amount on line 15 of Form 4563, Exclusion of Income for Bona Fide Residents of American Samoa. Turbo tax 2011   If you do not have any of the above, your modified AGI is the same as your AGI. Turbo tax 2011 AGI. Turbo tax 2011   Your AGI is the amount on Form 1040, line 38; Form 1040A, line 22; or Form 1040NR, line 37. Turbo tax 2011 Claiming the Credit To claim the child tax credit, you must file Form 1040, Form 1040A, or Form 1040NR. Turbo tax 2011 You cannot claim the child tax credit on Form 1040EZ or Form 1040NR-EZ. Turbo tax 2011 You must provide the name and identification number (usually a social security number) on your tax return for each qualifying child. Turbo tax 2011 Earned Income You will need to figure your earned income using one of the worksheets that appear later in this publication if you are completing the Line 11 Worksheet , later, or Schedule 8812. Turbo tax 2011 Form 1040 or Form 1040NR filers, use the 1040 and 1040NR Filers — Earned Income Worksheet , later, to figure your earned income. Turbo tax 2011 Form 1040A filers, use the 1040A Filers —- Earned Income Worksheet , later. Turbo tax 2011 For this purpose, earned income includes only: Taxable earned income, and Nontaxable combat pay. Turbo tax 2011 Additional Child Tax Credit This credit is for certain individuals who get less than the full amount of the child tax credit. Turbo tax 2011 The additional child tax credit may give you a refund even if you do not owe any tax. Turbo tax 2011 How to claim the additional child tax credit. Turbo tax 2011   To claim the additional child tax credit, follow the steps below. Turbo tax 2011 Make sure you figured the amount, if any, of your child tax credit. Turbo tax 2011 If you answered “Yes” on line 9 or line 10 of the Child Tax Credit Worksheet in the Form 1040, Form 1040A, or Form 1040NR instructions (or on line 13 of the Child Tax Credit Worksheet in this publication), use Parts II through IV of Schedule 8812 to see if you can take the additional child tax credit. Turbo tax 2011 If you have an additional child tax credit on line 13 of Schedule 8812, carry it to Form 1040, line 65; Form 1040A, line 39; or Form 1040NR, line 63. Turbo tax 2011 Child Tax Credit Worksheet This image is too large to be displayed in the current screen. Turbo tax 2011 Please click the link to view the image. Turbo tax 2011 Child tax worksheet - page 1. Turbo tax 2011 Child Tax Credit Worksheet—Continued This image is too large to be displayed in the current screen. Turbo tax 2011 Please click the link to view the image. Turbo tax 2011 Child tax worksheet - page 2. Turbo tax 2011 Line 11 Worksheet This image is too large to be displayed in the current screen. Turbo tax 2011 Please click the link to view the image. Turbo tax 2011 Line 11 worksheet - page 1. Turbo tax 2011 Line 11 Worksheet—Continued This image is too large to be displayed in the current screen. Turbo tax 2011 Please click the link to view the image. Turbo tax 2011 Line 11 worksheet - page 2. Turbo tax 2011 1040 and 1040NR Filers — Earned Income Worksheet (for line 2 of the Line 11 Worksheet or line 4a of Schedule 8812, Child Tax Credit) Before you begin:    ✓Use this worksheet only if you were sent here from the Line 11 Worksheet earlier in this publication or line  4a of Schedule 8812, Child Tax Credit. Turbo tax 2011  ✓Disregard community property laws when figuring the amounts to enter on this worksheet. Turbo tax 2011  ✓If married filing jointly, include your spouse's amounts with yours when completing this worksheet. Turbo tax 2011     1. Turbo tax 2011 a. Turbo tax 2011 Enter the amount from Form 1040, line 7, or Form 1040NR, line 8 1a. Turbo tax 2011     b. Turbo tax 2011 Enter the amount of any nontaxable combat pay received. Turbo tax 2011 Also enter this amount on Schedule 8812, line 4b. Turbo tax 2011 This amount should be shown in Form(s) W-2, box 12, with code Q. Turbo tax 2011 1b. Turbo tax 2011       Next, if you are filing Schedule C, C-EZ, F, or SE, or you received a Schedule K-1 (Form 1065 or Form 1065-B), go to line 2a. Turbo tax 2011 Otherwise, skip lines 2a through 2e and go to line 3. Turbo tax 2011     2. Turbo tax 2011 a. Turbo tax 2011 Enter any statutory employee income reported on line 1 of Schedule C or C-EZ 2a. Turbo tax 2011     b. Turbo tax 2011 Enter any net profit or (loss) from Schedule C, line 31; Schedule C-EZ, line 3; Schedule K-1 (Form 1065), box 14, code A (other than farming); and Schedule K-1 (Form 1065-B), box 9, code J1. Turbo tax 2011 * Reduce any Schedule K-1 amounts as described in the instructions for completing Schedule SE in the Partner's Instructions for Schedule K-1. Turbo tax 2011 Do not include on this line any statutory employee income or any other amounts exempt from self-employment tax. Turbo tax 2011 Options and commodities dealers must add any gain or subtract any loss (in the normal course of dealing in or trading section 1256 contracts) from section 1256 contracts or related property 2b. Turbo tax 2011     c. Turbo tax 2011 Enter any net farm profit or (loss) from Schedule F, line 34, and from farm partnerships, Schedule K-1 (Form 1065), box 14, code A. Turbo tax 2011 * Reduce any Schedule K-1 amounts as described in the instructions for completing Schedule SE in the Partner's Instructions for Schedule K-1. Turbo tax 2011 Do not include on this line any amounts exempt from self-employment tax 2c. Turbo tax 2011         d. Turbo tax 2011 If you used the farm optional method to figure net earnings from self-employment, enter the amount from Schedule SE, Section B, line 15. Turbo tax 2011 Otherwise, skip this line and enter on line 2e the amount from line 2c 2d. Turbo tax 2011         e. Turbo tax 2011 If line 2c is a profit, enter the smaller of line 2c or line 2d. Turbo tax 2011 If line 2c is a (loss), enter the (loss) from line 2c. Turbo tax 2011 2e. Turbo tax 2011   3. Turbo tax 2011 Combine lines 1a, 1b, 2a, 2b, and 2e. Turbo tax 2011 If zero or less, stop. Turbo tax 2011 Do not complete the rest of this worksheet. Turbo tax 2011 Instead, enter -0- on line 2 of the Line 11 Worksheet or line 4a of Schedule 8812, whichever applies 3. Turbo tax 2011   4. Turbo tax 2011 Enter any amount included on line 1a that is:               a. Turbo tax 2011 A scholarship or fellowship grant not reported on Form W-2 4a. Turbo tax 2011         b. Turbo tax 2011 For work done while an inmate in a penal institution (enter “PRI” and this amount on the dotted line next to line 7 of Form 1040 or line 8 of Form 1040NR) 4b. Turbo tax 2011         c. Turbo tax 2011 A pension or annuity from a nonqualified deferred compensation plan or a nongovernmental section 457 plan (enter “DFC” and this amount on the dotted line next to line 7 of Form 1040 or line 8 of Form 1040NR). Turbo tax 2011 This amount may be shown in box 11 of your Form W-2. Turbo tax 2011 If you received such an amount but box 11 is blank, contact your employer for the amount received as a pension or annuity. Turbo tax 2011 4c. Turbo tax 2011       5. Turbo tax 2011 a. Turbo tax 2011 Enter any amount included on line 3 that is also included on Form 2555, line 43, or Form 2555-EZ, line 18. Turbo tax 2011 Do not include any amount that is also included on line 4a, 4b, or 4c above 5a. Turbo tax 2011             b. Turbo tax 2011 Enter the portion, if any, of the amount from Form 2555, line 44 that you also included on Schedule E in partnership net income or (loss) or deducted on Form 1040, line 27, or Form 1040NR, line 27; Schedule C; Schedule C-EZ; or Schedule F. Turbo tax 2011 5b. Turbo tax 2011             c. Turbo tax 2011 Subtract line 5b from line 5a 5c. Turbo tax 2011       6. Turbo tax 2011 Enter the amount from Form 1040, line 27, or Form 1040NR, line 27 6. Turbo tax 2011       7. Turbo tax 2011 Add lines 4a through 4c, 5c, and 6 7. Turbo tax 2011   8. Turbo tax 2011 Subtract line 7 from line 3 8. Turbo tax 2011       If you were sent here from the Line 11 Worksheet, enter this amount on line 2 of that worksheet. Turbo tax 2011 If you were sent here from Schedule 8812, enter this amount on line 4a of that form. Turbo tax 2011     *If you have any Schedule K-1 amounts and you are not required to file Schedule SE, complete the appropriate line(s) of Schedule SE, Section A. Turbo tax 2011 Put your name and social security number on Schedule SE and attach it to your return. Turbo tax 2011                     1040A Filers — Earned Income Worksheet (for line 2 of the Line 11 Worksheet) Before you begin:   ✓Use this worksheet only if you were sent here from the Line 11 Worksheet earlier in this publication. Turbo tax 2011  ✓Disregard community property laws when figuring the amounts to enter on this worksheet. Turbo tax 2011               1. Turbo tax 2011 a. Turbo tax 2011 Enter the amount from Form 1040A, line 7 1a. Turbo tax 2011         b. Turbo tax 2011 Enter the amount of any nontaxable combat pay received. Turbo tax 2011 Also enter this amount on Schedule 8812, line 4b. Turbo tax 2011 This amount should be shown in Form(s) W-2, box 12, with code Q. Turbo tax 2011 1b. Turbo tax 2011         c. Turbo tax 2011 Add lines 1a and 1b. Turbo tax 2011     1c. Turbo tax 2011   2. Turbo tax 2011 Enter any amount included on line 1a that is:           a. Turbo tax 2011 A scholarship or fellowship grant not reported on Form W-2 2a. Turbo tax 2011         b. Turbo tax 2011 For work done while an inmate in a penal institution (enter “PRI” and this amount next to line 7 of Form 1040A) 2b. Turbo tax 2011         c. Turbo tax 2011 A pension or annuity from a nonqualified deferred compensation plan or a nongovernmental section 457 plan (enter “DFC” and this amount next to line 7 of Form 1040A). Turbo tax 2011 This amount may be shown in box 11 of your Form W-2. Turbo tax 2011 If you received such an amount but box 11 is blank, contact your employer for the amount received as a pension or annuity 2c. Turbo tax 2011       3. Turbo tax 2011 Add lines 2a through 2c 3. Turbo tax 2011   4. Turbo tax 2011 Subtract line 3 from line 1c. Turbo tax 2011 Enter the result here and on line 2 of the Line 11 Worksheet 4. Turbo tax 2011                 Additional Medicare Tax and RRTA Tax Worksheet (for line 6 of the Line 11 Worksheet) If your employer withheld or you paid Additional Medicare Tax or Tier 1 RRTA taxes, use this worksheet to figure the amount to enter on line 6 of the Line 11 Worksheet. Turbo tax 2011 Social security tax, Medicare tax, and Additional Medicare Tax on wages. Turbo tax 2011 1. Turbo tax 2011 Enter the social security tax withheld (Form(s) W-2, box 4) 1. Turbo tax 2011   2. Turbo tax 2011 Enter the Medicare tax withheld (Form(s) W-2, box 6). Turbo tax 2011 Box 6 includes any Additional Medicare Tax 2. Turbo tax 2011   3. Turbo tax 2011 Enter the Additional Medicare Tax, if any, on wages (Form 8959, line 7) 3. Turbo tax 2011   4. Turbo tax 2011 Add lines 1, 2, and 3 4. Turbo tax 2011   5. Turbo tax 2011 Enter the Additional Medicare Tax withheld (Form 8959, line 22) 5. Turbo tax 2011   6. Turbo tax 2011 Subtract line 5 from line 4 6. Turbo tax 2011   Additional Medicare Tax on Self-Employment Income. Turbo tax 2011 7. Turbo tax 2011 Enter one-half of the Additional Medicare Tax, if any, on self-employment income (one-half of Form 8959, line 13) 7. Turbo tax 2011   Tier 1 RRTA taxes as an employee of a railroad (enter amounts on lines 8, 9, 10, and 11) or employee representative (enter amounts on lines 12, 13, 14, and 15). Turbo tax 2011 Do not include amounts in Form W-2, box 14, that are identified as Additional Medicare Tax or Tier 2 tax. Turbo tax 2011 Do not include amounts shown on Form CT-2 on line 3 for Additional Medicare Tax or line 4 for Tier 2 tax. Turbo tax 2011 8. Turbo tax 2011 Enter the Tier 1 tax (Form(s) W-2, box 14) 8. Turbo tax 2011   9. Turbo tax 2011 Enter the Medicare tax (Form(s) W-2, box 14) 9. Turbo tax 2011   10. Turbo tax 2011 Enter the Additional Medicare Tax, if any, on RRTA compensation as an employee (Form 8959, line 17). Turbo tax 2011 Do not use the same amount from Form 8959, line 17, for both this line and line 14 10. Turbo tax 2011   11. Turbo tax 2011 Add lines 8, 9, and 10 11. Turbo tax 2011   12. Turbo tax 2011 Enter one-half of Tier 1 tax (one-half of Form(s) CT-2, line 1, for all 4 quarters of 2013) 12. Turbo tax 2011   13. Turbo tax 2011 Enter one-half of Tier 1 Medicare tax (one-half of Form(s) CT-2, line 2, for all 4 quarters of 2013) 13. Turbo tax 2011   14. Turbo tax 2011 Enter one-half of the Additional Medicare Tax, if any, on RRTA compensation as an employee representative (one-half of Form 8959, line 17). Turbo tax 2011 Do not use the same amount from Form 8959, line 17, for both this line and line 10 14. Turbo tax 2011   15. Turbo tax 2011 Add lines 12, 13, and 14 15. Turbo tax 2011   Line 6 amount 16. Turbo tax 2011 Add lines 6, 7, 11, and 15. Turbo tax 2011 Enter here and on line 6 of the Line 11 Worksheet. Turbo tax 2011 16. Turbo tax 2011   Paperwork Reduction Act Notice. Turbo tax 2011   We ask for the information on the worksheets in this publication to carry out the Internal Revenue laws of the United States. Turbo tax 2011 You are required to give us the information if requested. Turbo tax 2011 We need it to ensure that you are complying with these laws and to allow us to figure and collect the right amount of tax. Turbo tax 2011   You are not required to provide the information requested on a form (or worksheet in this publication) that is subject to the Paperwork Reduction Act unless the form (or publication) displays a valid OMB control number. Turbo tax 2011 Books or records relating to a form, its instructions, or this publication must be retained as long as their contents may become material in the administration of any Internal Revenue law. Turbo tax 2011 Generally, tax returns and return information are confidential, as required by section 6103. Turbo tax 2011   The average time and expenses required to complete these worksheets will vary depending on individual circumstances. Turbo tax 2011 For the estimated averages, see the instructions for your income tax return. Turbo tax 2011   If you have suggestions for making these worksheets simpler, we would be happy to hear from you. Turbo tax 2011 See Comments and suggestions , earlier. Turbo tax 2011 How To Get Tax Help Whether it's help with a tax issue, preparing your tax return or a need for a free publication or form, get the help you need the way you want it: online, use a smart phone, call or walk in to an IRS office or volunteer site near you. Turbo tax 2011 Free help with your tax return. Turbo tax 2011   You can get free help preparing your return nationwide from IRS-certified volunteers. Turbo tax 2011 The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. Turbo tax 2011 The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. Turbo tax 2011 Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. Turbo tax 2011 In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. Turbo tax 2011 To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS. Turbo tax 2011 gov, download the IRS2Go app, or call 1-800-906-9887. Turbo tax 2011   As part of the TCE program, AARP offers the Tax-Aide counseling program. Turbo tax 2011 To find the nearest AARP Tax-Aide site, visit AARP's website at www. Turbo tax 2011 aarp. Turbo tax 2011 org/money/taxaide or call 1-888-227-7669. Turbo tax 2011 For more information on these programs, go to IRS. Turbo tax 2011 gov and enter “VITA” in the search box. Turbo tax 2011 Internet. Turbo tax 2011    IRS. Turbo tax 2011 gov and IRS2Go are ready when you are —24 hours a day, 7 days a week. Turbo tax 2011 Download the free IRS2Go app from the iTunes app store or from Google Play. Turbo tax 2011 Use it to check your refund status, order transcripts of your tax returns or tax account, watch the IRS YouTube channel, get IRS news as soon as it's released to the public, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. Turbo tax 2011 Check the status of your 2013 refund with the Where's My Refund? application on IRS. Turbo tax 2011 gov or download the IRS2Go app and select the Refund Status option. Turbo tax 2011 The IRS issues more than 9 out of 10 refunds in less than 21 days. Turbo tax 2011 Using these applications, you can start checking on the status of your return within 24 hours after we receive your e-filed return or 4 weeks after you mail a paper return. Turbo tax 2011 You will also be given a personalized refund date as soon as the IRS processes your tax return and approves your refund. Turbo tax 2011 The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. Turbo tax 2011 Use the Interactive Tax Assistant (ITA) to research your tax questions. Turbo tax 2011 No need to wait on the phone or stand in line. Turbo tax 2011 The ITA is available 24 hours a day, 7 days a week, and provides you with a variety of tax information related to general filing topics, deductions, credits, and income. Turbo tax 2011 When you reach the response screen, you can print the entire interview and the final response for your records. Turbo tax 2011 New subject areas are added on a regular basis. Turbo tax 2011  Answers not provided through ITA may be found in Tax Trails, one of the Tax Topics on IRS. Turbo tax 2011 gov which contain general individual and business tax information or by searching the IRS Tax Map, which includes an international subject index. Turbo tax 2011 You can use the IRS Tax Map, to search publications and instructions by topic or keyword. Turbo tax 2011 The IRS Tax Map integrates forms and publications into one research tool and provides single-point access to tax law information by subject. Turbo tax 2011 When the user searches the IRS Tax Map, they will be provided with links to related content in existing IRS publications, forms and instructions, questions and answers, and Tax Topics. Turbo tax 2011 Coming this filing season, you can immediately view and print for free all 5 types of individual federal tax transcripts (tax returns, tax account, record of account, wage and income statement, and certification of non-filing) using Get Transcript. Turbo tax 2011 You can also ask the IRS to mail a return or an account transcript to you. Turbo tax 2011 Only the mail option is available by choosing the Tax Records option on the IRS2Go app by selecting Mail Transcript on IRS. Turbo tax 2011 gov or by calling 1-800-908-9946. Turbo tax 2011 Tax return and tax account transcripts are generally available for the current year and the past three years. Turbo tax 2011 Determine if you are eligible for the EITC and estimate the amount of the credit with the Earned Income Tax Credit (EITC) Assistant. Turbo tax 2011 Visit Understanding Your IRS Notice or Letter to get answers to questions about a notice or letter you received from the IRS. Turbo tax 2011 If you received the First Time Homebuyer Credit, you can use the First Time Homebuyer Credit Account Look-up tool for information on your repayments and account balance. Turbo tax 2011 Check the status of your amended return using Where's My Amended Return? Go to IRS. Turbo tax 2011 gov and enter Where's My Amended Return? in the search box. Turbo tax 2011 You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. Turbo tax 2011 It can take up to 3 weeks from the date you mailed it to show up in our system. Turbo tax 2011 Make a payment using one of several safe and convenient electronic payment options available on IRS. Turbo tax 2011 gov. Turbo tax 2011 Select the Payment tab on the front page of IRS. Turbo tax 2011 gov for more information. Turbo tax 2011 Determine if you are eligible and apply for an online payment agreement, if you owe more tax than you can pay today. Turbo tax 2011 Figure your income tax withholding with the IRS Withholding Calculator on IRS. Turbo tax 2011 gov. Turbo tax 2011 Use it if you've had too much or too little withheld, your personal situation has changed, you're starting a new job or you just want to see if you're having the right amount withheld. Turbo tax 2011 Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. Turbo tax 2011 gov. Turbo tax 2011 Request an Electronic Filing PIN by going to IRS. Turbo tax 2011 gov and entering Electronic Filing PIN in the search box. Turbo tax 2011 Download forms, instructions and publications, including accessible versions for people with disabilities. Turbo tax 2011 Locate the nearest Taxpayer Assistance Center (TAC) using the Office Locator tool on IRS. Turbo tax 2011 gov, or choose the Contact Us option on the IRS2Go app and search Local Offices. Turbo tax 2011 An employee can answer questions about your tax account or help you set up a payment plan. Turbo tax 2011 Before you visit, check the Office Locator on IRS. Turbo tax 2011 gov, or Local Offices under Contact Us on IRS2Go to confirm the address, phone number, days and hours of operation, and the services provided. Turbo tax 2011 If you have a special need, such as a disability, you can request an appointment. Turbo tax 2011 Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. Turbo tax 2011 Apply for an Employer Identification Number (EIN). Turbo tax 2011 Go to IRS. Turbo tax 2011 gov and enter Apply for an EIN in the search box. Turbo tax 2011 Read the Internal Revenue Code, regulations, or other official guidance. Turbo tax 2011 Read Internal Revenue Bulletins. Turbo tax 2011 Sign up to receive local and national tax news and more by email. Turbo tax 2011 Just click on “subscriptions” above the search box on IRS. Turbo tax 2011 gov and choose from a variety of options. Turbo tax 2011    Phone. Turbo tax 2011 You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. Turbo tax 2011 Download the free IRS2Go app from the iTunes app store or from Google Play. Turbo tax 2011 Call to locate the nearest volunteer help site, 1-800-906-9887 or you can use the VITA Locator Tool on IRS. Turbo tax 2011 gov, or download the IRS2Go app. Turbo tax 2011 Low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. Turbo tax 2011 The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. Turbo tax 2011 Most VITA and TCE sites offer free electronic filing. Turbo tax 2011 Some VITA and TCE sites provide IRS-certified volunteers who can help prepare your tax return. Turbo tax 2011 Through the TCE program, AARP offers the Tax-Aide counseling program; call 1-888-227-7669 to find the nearest Tax-Aide location. Turbo tax 2011 Call the automated Where's My Refund? information hotline to check the status of your 2013 refund 24 hours a day, 7 days a week at 1-800-829-1954. Turbo tax 2011 If you e-file, you can start checking on the status of your return within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. Turbo tax 2011 The IRS issues more than 9 out of 10 refunds in less than 21 days. Turbo tax 2011 Where's My Refund? will give you a personalized refund date as soon as the IRS processes your tax return and approves your refund. Turbo tax 2011 Before you call this automated hotline, have your 2013 tax return handy so you can enter your social security number, your filing status, and the exact whole dollar amount of your refund. Turbo tax 2011 The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. Turbo tax 2011 Note, the above information is for our automated hotline. Turbo tax 2011 Our live phone and walk-in assistors can research the status of your refund only if it's been 21 days or more since you filed electronically or more than 6 weeks since you mailed your paper return. Turbo tax 2011 Call the Amended Return Hotline, 1-866-464-2050, to check the status of your amended return. Turbo tax 2011 You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. Turbo tax 2011 It can take up to 3 weeks from the date you mailed it to show up in our system. Turbo tax 2011 Call 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions, publications, and prior-year forms and instructions (limited to 5 years). Turbo tax 2011 You should receive your order within 10 business days. Turbo tax 2011 Call TeleTax, 1-800-829-4477, to listen to pre-recorded messages covering general and business tax information. Turbo tax 2011 If, between January and April 15, you still have questions about the Form 1040, 1040A, or 1040EZ (like filing requirements, dependents, credits, Schedule D, pensions and IRAs or self-employment taxes), call 1-800-829-1040. Turbo tax 2011 Call using TTY/TDD equipment, 1-800-829-4059 to ask tax questions or order forms and publications. Turbo tax 2011 The TTY/TDD telephone number is for people who are deaf, hard of hearing, or have a speech disability. Turbo tax 2011 These individuals can also contact the IRS through relay services such as the Federal Relay Service. Turbo tax 2011    Walk-in. Turbo tax 2011 You can find a selection of forms, publications and services — in-person. Turbo tax 2011 Products. Turbo tax 2011 You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. Turbo tax 2011 Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. Turbo tax 2011 Services. Turbo tax 2011 You can walk in to your local TAC for face-to-face tax help. Turbo tax 2011 An employee can answer questions about your tax account or help you set up a payment plan. Turbo tax 2011 Before visiting, use the Office Locator tool on IRS. Turbo tax 2011 gov, or choose the Contact Us option on the IRS2Go app and search Local Offices for days and hours of operation, and services provided. Turbo tax 2011    Mail. Turbo tax 2011 You can send your order for forms, instructions, and publications to the address below. Turbo tax 2011 You should receive a response within 10 business days after your request is received. Turbo tax 2011 Internal Revenue Service 1201 N. Turbo tax 2011 Mitsubishi Motorway Bloomington, IL 61705-6613    The Taxpayer Advocate Service Is Here to Help You. Turbo tax 2011 The Taxpayer Advocate Service (TAS) is your voice at the IRS. Turbo tax 2011 Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. Turbo tax 2011   What can TAS do for you? We can offer you free help with IRS problems that you can't resolve on your own. Turbo tax 2011 We know this process can be confusing, but the worst thing you can do is nothing at all! TAS can help if you can't resolve your tax problem and: Your problem is causing financial difficulties for you, your family, or your business. Turbo tax 2011 You face (or your business is facing) an immediate threat of adverse action. Turbo tax 2011 You've tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised. Turbo tax 2011   If you qualify for our help, you'll be assigned to one advocate who'll be with you at every turn and will do everything possible to resolve your problem. Turbo tax 2011 Here's why we can help: TAS is an independent organization within the IRS. Turbo tax 2011 Our advocates know how to work with the IRS. Turbo tax 2011 Our services are free and tailored to meet your needs. Turbo tax 2011 We have offices in every state, the District of Columbia, and Puerto Rico. Turbo tax 2011   How can you reach us? If you think TAS can help you, call your local advocate, whose number is in your local directory and at Taxpayer Advocate, or call us toll-free at 1-877-777-4778. Turbo tax 2011   How else does TAS help taxpayers?  TAS also works to resolve large-scale, systemic problems that affect many taxpayers. Turbo tax 2011 If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System. Turbo tax 2011 Low Income Taxpayer Clinics Low Income Taxpayer Clinics (LITCs) serve individuals whose income is below a certain level and need to resolve tax problems such as audits, appeals and tax collection disputes. Turbo tax 2011 Some clinics can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. Turbo tax 2011 Visit Taxpayer Advocate or see IRS Publication 4134, Low Income Taxpayer Clinic List. Turbo tax 2011 Prev  Up  Next   Home   More Online Publications