Income Tax Category: Income Tax

Form 4506 Request for Copy of Tax Return is the tax form to fill out if you need an exact copy of a tax return and all attachments mailed to the IRS. Complete Form 4506 and mail it to the address listed in the form instructions. Form 4506 requires a $57.00 fee for each year requested. You can use Form 4506 to request copies of tax returns filed within the past six years.

Form 4506 Request for Copy of Tax Return

There may be other free ways to get a copy of your income tax return. For example, if you filed your income tax forms online using TurboTax or H&R Block, log into your account and print your tax forms. The IRS also offers a computer print out of your return called a “transcript.” A transcript may be an acceptable substitute for your tax return and will show most of the line items on your IRS income tax forms.

Form 4506 Request for Copy of Tax Return

• Form 4506
• Form 4506 Instructions (on the form)

Form 4506-T Request for Transcript of Tax Return

• Form 4506T-EZ
• Form 4506-T
• Form 4506-T Instructions (on the form)
• Free transcript can also be obtained by calling the IRS at 800-829-1040, follow the prompts in the recorded message

More printable income tax forms can be found on our site.

Form 5405 First Time Homebuyer Credit and Repayment of the Credit is used by eligible taxpayers who buy a home and qualify for the first time homebuyer credit. The Homebuyer Assistance and Improvement Act of 2010 signed by the President in July effectively extended the closing deadline from June 30 to Sept 30 for any eligible purchase that was entered into before April 30.

The IRS says in their July notice that those who entered into a purchase contract on or before April 30 but closed after that date should attach a copy of a signed contract showing all the parties names, signatures, property address, purchase price, and the date of the contract, attach to their tax return.

• Form 5405
• Form 5405 Instructions

Please read the IRS Form 5405 Instructions for more information about the First Time Homebuyer Credit. More printable income tax forms can be found on our site.

The Internal Revenue Service (IRS) has created a special web page for those who are unemployed and struggling to pay their taxes. On this special web page titled “Tax Center to Assist Unemployed Taxpayers” is a list of resources that you can scan through to see if they related to your particular tax issue.

Why the special web page? Life changing events can impact your income tax return and any tax debt that you owe to the IRS. Loss of a job, forgiveness of debt by creditors, using your retirement funds to pay bills, are just a few examples. If your income decreases, you might also become eligible for the Earned Income Tax Credit.

The IRS recommends that if you have trouble paying your tax bill to contact them immediately.  They also recommend that you file your tax returns even if you are unable to pay to avoid additional penalties. For information related to Free Tax Help, and the What Ifs of an Economic Downturn visit this special IRS page for unemployed taxpayers.

Form 1040X Amended US Individual Income Tax Return is the tax form you use to amend your 1040, 1040A, 1040EZ and related forms. While some exceptions do exist, you generally must file Form 1040X within 3 years after the date you filed your original income tax return. Use Form 1040X to correct your filing status, number of dependents, total income, deductions, and credits.

Form 1040X Amended US Individual Income Tax Return

Form 1040X is used by taxpayers who rushed through their income tax forms at tax time and realize days, months, or even years later that they missed a credit that could put more money in their pockets. Form 1040X is also used when a tax adviser identifies a prior year mistakes or missed deductions and credits.

If you have concerns about the last 3 years of tax returns you filed or need help completing Form 1040X for a known issue, visit an H&R Block location near you for help. Many of the tax software products that we feature on our site also allow you to file Form 1040X, however, you will need to print and mail Form 1040X into the IRS because it can’t be filed electronically.

Click the Form 1040X image above to obtain a blank form direct from the IRS. The two links below can also be used to obtain printable Form 1040X and Form 1040X Instructions.

• Form 1040X
• Form 1040X Instructions

More printable income tax forms can be found on our site.

The Internal Revenue Service (IRS) announced that Taxpayer Assistance Centers will open in seven Gulf Coast cities to help the Gulf oil spill region better understand their tax issues.  The Taxpayer Assistance Centers will open Saturday, July 17 at the following locations from 9 a.m. to 2 p.m. Central Time:

• 1110 Montlimar Drive, Mobile, AL
• 651-F West 14th St., Panama City, FL
• 7180 9th Ave. North, Pensacola, FL
• 2600 Citiplace Centre, Baton Rouge, LA
• 423 Lafayette St., Houma, LA
• 1555 Poydras Street, New Orleans, LA
• 11309 Old Highway 49, Gulfport, MS

If you received money from BP and have questions about the tax treatment of  claim payments, or if you are experiencing tax form filing and payment hardships because of the oil spill, visit one of the above centers on Saturday to ask questions directly to IRS personnel. There is also a dedicated IRS phone line 866-562-5227, open weekdays from 7 am to 10 pm. This same IRS phone line will also be open for calls on Saturday, July 17 from 9 am to 2 pm Central Time.

What’s there to discuss? Here are a few examples of BP gulf oil spill claim tax issues that taxpayers may not be aware of:

Find out more information on the Internal Revenue Service website.

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We just created a prior year 2008 Federal Tax Forms 1040, 1040A and 1040EZ web page so that you can locate your 2008 tax forms more easily. If you are late filing your 2008 Federal tax forms we recommend that you complete them as soon as possible. The IRS will calculate your penalty and interest amount for you, so all you should have to do is complete the 2008 Federal tax forms and mail them to the IRS.

Federal Tax Form 1040-ES is used by individuals who are required to make estimated tax payments. Individuals are generally required to make estimated payments when they have taxable income that is not subject to withholding. Earnings from self-employment, interest, dividends, rents, and alimony are examples of taxable income for which taxes are not withheld.

Tax Form 1040-ES

Form 1040-ES Payment Vouchers are used to submit 4 estimated tax payments per calendar year, due on the following dates:

1. April 15
2. June 15
3. Sept 15
4. Jan 18

If you don’t make estimated tax payments and you are required to do so, you may owe a penalty to the IRS. A tax penalty notice will generally be mailed to you from IRS after they receive your Form 1040 for the calendar year. Since penalties are based on the number of days the tax due remains unpaid, it’s generally a good practice to send in your payments as soon as you can, even if you miss one of the above dates.

In order to figure out how to calculate and pay your estimated tax, you will need to read and print Form 1040-ES. Form 1040-ES includes payment vouchers that you can print and mail to the IRS.

Home tax deductions are often difficult to figure out in the rush to prepare your income tax forms. If you bought a new home, sold a home, refinanced your mortgage, or did some recent home improvements here are a few things to keep in mind throughout the year.

• Keep receipts for home improvements.
• Mortgage interest, lender points, property taxes, and interest on home improvement loans are all tax deductible.
• When you purchase or sell a home, make copies of any  agreements and store the copy in your income tax folder.

Tax forms and instructions offer some help while trying to figure out your home tax deductions, however, they don’t automatically compare your standard deduction versus itemized deduction, nor alert you to other home tax deductions available to you.

If home tax deductions are giving you a headache, try TurboTax Deluxe or H&R Block Deluxe editions. The Deluxe edition prices range from $25 to $35 and usually the price increases the closer we get to April 15. Common home tax deductions supported by both the TurboTax Deluxe and H&R Block Deluxe software are:

• Home improvement tax deductions.
• Second home tax deductions.
• Home equity loan tax deductions.
• Property tax credits.
• Home purchase tax deductions.
• Selling home tax deductions.
• Capital gains tax calculations.
• Claiming first time home buyer tax credits.
• And more.

Don’t forget that you can get discounts to TurboTax and H&R Block products on our website.

Last year it was called H&R Block Signature service, and this year it’s called H&R Block Best of Both. You prepare your taxes online using the H&R Block (formerly Tax Cut) tax software and an H&R Block tax professional will review, certify, and efile your income tax return for you. You get the best tax software that H&R Block has to offer plus you get to discuss your return with an H&R Block tax preparer, Best of Both!

• Complete your taxes online, includes all the features of H&R Block At Home Premium edition.
• Email or call your H&R Block tax professional when you have questions or need advice — unlimited advice!
• Your H&R Block tax professional will review, correct, certify and efile your tax return.

H&R Block Best of Both service is great for those who want to prepare their own taxes, but would also like a tax professional to look over their shoulder. For just $99.95 we think this is a great deal. Visit our H&R Block web page to learn more and to receive our limited time only 15% off H&R Block At Home online editions and H&R Block software download and CD ROM editions.