Caution-- Correction to the 2009 Instructions for Form 1065, U.S. Return of Partnership Income
If you downloaded the 2009 Instructions for Form 1065 before January 28, 2010, please note that on page 25, under "Item M. Did the Partner Contribute Property With a Built-in Gain or Loss?", we made the following additions.
· At the end of the first sentence, we added the phrase "during the tax year."
· In the first bullet, we added the words "A description of" before the word "each."
· After the third bullet, we added the following: "Exception. If a partner contributes more than 10 properties with either a built-in gain or built-in loss on any date during the tax year, the partnership is not required to provide the required information separately for each property contributed for that date. Instead, the partnership can report the (a) number of properties contributed on that date, (b) total amount of built-in gain, and (c) total amount of built-in loss. Do not net the built-in gains and built-in losses; instead, show the total built-in gain and total built-in loss for all properties contributed on that date."
· In the second paragraph, at the end of the third sentence, we added "(see Regulations section 1.704-3)."
The corrected version of the 2009 Instructions for Form 1065 is available for download.
--05-FEB-2010
Caution--Correction to 2009 Instructions for Schedule K-1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc.
If you downloaded the 2009 Instructions for Schedule K-1 (Form 1065) before January 28, 2010, please note that on page 5, under "Item M", we made the following additions.
· In the first sentence of the first paragraph, we added the phrase "during the tax year."
· At the end of the first paragraph, we added the following sentence: "If you contributed more than 10 properties on a single date during the tax year, the statement may instead show the number of properties contributed on that date, the total amount of built-in gain, and the total amount of built-in loss."
The corrected version of the 2009 Instructions for Schedule K-1 (Form 1065) is available for download.
--05-FEB-2010
Correction to 2010 Form 1098-T, Tuition Statement
If you downloaded 2010 Form 1098-T before January 30, 2010, please note the following change.
Under Instructions to Student, in the first paragraph the sentence, "The amount shown in box 1 or 2 may represent an amount other than the amount actually paid in 2009," should read "The amount shown in box 1 or 2 may represent an amount other than the amount actually paid in 2010."
--03-FEB-2010
Caution--Changes to Publication 51 (Circular A), Agricultural Employer's Tax Guide, for use in 2010
If you previously viewed or downloaded Publication 51 (Circular A), for use in 2010, before January 15, 2010, or received a printed copy of this publication dated December 10, 2009 (in the bottom left-hand corner of the front cover), please note the following changes.
The corrected version of the 2010 Publication 51 (Circular A) is now available for download.
--15-JAN-2010
Caution--Correction to Publication 80 (Circular SS), Federal Tax Guide for Employers in the U.S. Virgin Island, Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands
(For use in 2010)
If you downloaded Publication 80 (Circular SS) (For use in 2010) before January 15, 2010, please note the following change.
On page 18, under "Aliens (continued)," part "d. All other nonresidents working in U.S.," the statement in the column Social Security and Medicare should read:
"Same as U.S. citizen; exempt if any part of service as crew member of foreign vessel or aircraft is performed outside U.S. and employer is not American employer."
The corrected version of Publication 80 (Circular SS) is now available for download
--15-JAN-10
Caution--Changes to Publication 15 (Circular E), Employer's Tax Guide (for use in 2010).
If you previously viewed or downloaded Publication 15 (Circular E), from the irs.gov website prior to January 10, 2010, please note the following changes in the new version of Publication 15 (Circular E) posted January 10, 2010 (with a date of January 8, 2010, on the bottom left-hand side of page 1).
Page 1. The paragraph that referenced the American Recovery and Reinvestment Act has been removed. A new item was added titled COBRA premium assistance credit extended, due to recently enacted legislation.
Page 3. The paragraph titled COBRA premium assistance credit was removed.
Page 7. Under the section titled COBRA premium assistance credit, the third paragraph was revised to add the extended eligibility period and period of assistance for the COBRA premium assistance credit, from December 31, 2009, to February 28, 2010, and from 9 months to 15 months, respectively. Also, a new fourth paragraph provides guidance requiring notification to eligible terminated employees of the COBRA premium assistance.
Page 7. In the second column under COBRA premium assistance credit the following changes have been made.
- The last sentence in the third paragraph was replaced with the following two sentences.
“The Department of Defense Appropriations Act of 2010 (DDAA), extended the end of the eligibility period from December 31, 2009, to February 28, 2010. DDAA also extended the period of assistance from 9 months to15 months.”
- The following new fourth paragraph was added.
“Administrators of the group health plans (or other entities) that provide or administer COBRA continuation coverage must provide notice to assistance eligible individuals of the COBRA premium assistance. Any individual who became a COBRA premium assistance eligible individual on or after October 31, 2009, must be sent a notice about the extended provisions of DDAA.”
--14-JAN-10
Caution---Correction to the 2009 Form 2220, Underpayment of Estimated Tax by Corporations.
If you downloaded the 2009 Form 2220, Underpayment of Estimated Tax by Corporations, before January 8, 2010, please note the following change.
On page 3, Schedule A, Part I, line 2, has been corrected to read:
"Enter taxable income for each period for the tax year beginning in 2009 (see instructions for the treatment of extraordinary items). "
The corrected version of the 2009 Form 2220 is available for download.
--14-JAN-2010
COBRA Premium Assistance
Public Law 111-118 made changes to the COBRA premium assistance provisions. To be eligible for COBRA premium assistance, you must be a qualified beneficiary as a result of an involuntary termination that occurred during the period beginning on September 1, 2008, and ending on February 28, 2010 (a 2 month extension of the original period). In addition, you are eligible for the premium assistance for a maximum period of 15 months (increased from 9 months) after the first month for which the premium assistance applies to you. For more information on COBRA premium assistance, see Publication 502.
--14-JAN-2010
Notice - Updated Form 4506T-EZ, Short Form Request for Individual Tax Return Transcript
If you downloaded Form 4506T-EZ (Rev. October 2009) before January 09, 2010, please note the following change.
The period within which Form 4506T-EZ must be received by the IRS after it is signed and dated has been extended from 60 days to 120 days. This change applies to authorizations signed and dated on or after October 19, 2009.
An updated Form 4506T-EZ (Rev. January 2010) is now available for download.
--13-JAN-2010
Final Release of 2009 Original Issue Discount (OID) Tables
The Internal Revenue Service has released the final original issue discount (OID) tables to include information received during November and December of 2009. The following changes were made:
Section I-B: 89 securities were added.
Section III-D: 7 Short-Term Notes were added.
Section III-F: 36 Short-Term Notes were added.
The 2009 tables are available in two formats text and PDF.
The 2009 OID tables in Microsoft Excel and HTML are available upon request at the following email address: Pub1212@irs.gov. Please specify desired format.
Prior year versions of the tables are also available.
You can also download the compressed (zipped) versions of the tables for the following prior years: 2003,2002, 2001, 2000, 1999, 1998, 1997, 1996, 1995, and 1994.
--12-JAN-2010
Caution--Correction to Publication 15, (Circular E), Employer's Tax Guide, for use in 2010
If you previously viewed or downloaded Publication 15, for use in 2010, before January 1, 2010, please note the following changes.
Page 4. Under "Employer Responsibilities," page number references were updated.
Pages 41-60. The heading under the number of allowances in the Wage Bracket Method Income Tax Withholding tables previously read "The amount of income, social security, and Medicare taxes to be withheld--." This has been corrected to read “The amount of income taxes to be withheld--.”
Page 70. In Table 3, two amounts have been changed. Under the heading "Over--," the fifth amount down has been changed to $3,654 (previously the amount was shown as "$3,642") and under the heading "But not over--," the fourth amount down has been changed to $3,654 (previously the amount was shown as "$3.654").
The corrected Publication 15 is now available for download.
--05-JAN-2010
Caution--Truncating Payee Identification Number on Paper Payee Statements (Forms 1098 series, 1099 series, and 5498 series only)
Notice 2009-93 allows filers of information returns in the Form 1098 series, Form 1099 series, and Form 5498 series to truncate an individual payee's social security number (SSN), IRS individual taxpayer identification number (ITIN), or IRS adoption taxpayer identification number (ATIN) on paper payee statements for tax years 2009 and 2010.
Filers may truncate a payee's identification number on the payee statement (including substitute and composite substitute statements) furnished to the payee in paper form only. Generally, the payee statement is that copy of an information return designated "Copy B" on the form. A "payee" is any person who is required to receive a copy of the information set forth on an information return by the filer of the return. For some forms, the term "payee" will refer to beneficiary, borrower, debtor, insured, participant, payer, policyholder, recipient, shareholder, student, or transferor. If a filer truncates an identification number on Copy B, other copies of the form furnished to the payee may also include a truncated number.
A filer may not truncate a payee's identification number on any forms filed with the IRS or with state or local governments, on any payee statement furnished electronically, or on any payee statement not in the Form 1098, Form 1099, or Form 5498 series. A filer's identification number may not be truncated. A payee's employer identification number may not be truncated. Further, note that Form 1098-C is excluded from the scope of Notice 2009-93 as Copy B is an acknowledgement to a donor and not a payee statement.
To truncate, replace the first 5 digits of the 9-digit number with asterisks (*) or Xs (for example, an SSN xxx-xx-xxxx would appear on the paper payee statement as ***-**-xxxx or XXX-XX-xxxx).
For tax year 2009, filers may note on the 2009 payee statements that the payee's identification number has been truncated on the payee's copy for their protection, but that the complete identification number has been reported to the IRS as well as to state or local governments. The 2010 forms will include this information.
--05-JAN-2010
Correction to the 2009 Instructions for Form 2210
If you downloaded the 2009 Instructions for Form 2210 before December 23, 2009, please note the following change.
On pages 2 and 3, in the table under Line 2, the first bullet in the list for Form 1040 and Form 1040NR should read: “Uncollected social security and Medicare tax or RRTA tax on tips or group-term life insurance (identified as “UT”).”
The corrected version of the 2009 Instructions for Form 2210 is now available for download.
--24-DEC-2009
Correction to the 2009 Instructions for Form 2210-F
If you downloaded the 2009 Instructions for Form 2210-F before December 23, 2009, please note the following change.
On page 2, in the table under Line 2, the first bullet in the list for Form 1040 and Form 1040NR should read: “Uncollected social security and Medicare tax or RRTA tax on tips or group-term life insurance (identified as “UT”).”
The corrected version of the 2009 Instructions for Form 2210-F is now available for download.
--24-DEC-2009
Caution--Correction to the Instructions for Schedule H
If you downloaded the 2009 Instructions Schedule H (Form 1040) before December 10, 2009 please note the following change.
If you do not file Form 1040, 1040NR, 1040-SS, or Form 1041, and you live in the state of Indiana, then mail your Schedule H to:
Department of the Treasury
Internal Revenue Service Center
Fresno, CA 93888-0002.
The corrected version of the 2009 Instructions for Schedule H (Form 1040) is now available for download.
--18-DEC-2009
Correction to the 2009 Instructions for Form 1041, U.S. Income Tax Return for Estates and Trusts
If you downloaded the 2009 Instructions for Form 1041 before December 16, 2009, please note the following change.
On page 1, under the 3rd bullet of What's New, the reference to "Rev. Proc. 2009-54" is incorrect. The correct reference is "Rev. Proc. 2009-52." In addition, the specific IRB page citation and link, which was was not available at the print date, is now updated.
The corrected version of the 2009 Instructions for Form 1041 is now available for download.
--16-DEC-2009
Correction to the 2009 Form 8844, Empowerment Zone and Renewal Community Employment Credit
If you downloaded the 2009 Form 8844 before December 2, 2009, please note the following change.
On page 1, line 3, the first word on the line should be “Empowerment” not "Employment".
The corrected version of the 2009 Form 8844 is now available for download.
--08-DEC-2009
Advance Release of 2009 Original Issue Discount (OID) Tables
The Internal Revenue Service has released the original issue discount (OID) tables for January through October of 2009. The tables will be reposted in January 2010 to include information received during November and December of 2009. The following tables are included:
Section I-A
Section I-B
Section I-C
Section II (U.S. Treasury STRIPS table)
Section III-A through III-F: (Section III-D includes 2 new Short-Term Notes and Section III-F includes 41 new Short-Term Notes)
The 2009 tables are available in two formats text and PDF.
The 2009 OID tables in Microsoft Excel and HTML are available upon request at the following email address: Pub1212@irs.gov. Please specify desired format.
Prior year versions of the tables are also available.
You can also download the compressed (zipped) versions of the tables for the following prior years: 2003,2002, 2001, 2000, 1999, 1998, 1997, 1996, 1995, and 1994.
--08-DEC-2009
Caution--Correction to the Instructions for Form 940
If you downloaded the 2009 Instructions Form 940 before December 3, 2009 please note the following change.
On page 1, under "Who Must File Form 940?", the first bulleted item has been corrected to state:
"Did you pay wages of $1,500 or more to employees in any calendar quarter during 2008 or 2009?"
The corrected version of the 2009 Instructions for Form 940 is now available for download.
--3-DEC-2009
Updates to the 2009 Instructions for Forms 1040, 1040A, and 1040EZ
If you downloaded the 2009 Instructions for Forms 1040, 1040A, or 1040EZ before November 19, 2009, please note the following.
Recent legislation (Public Law 111-92) has extended and modified the first-time homebuyer credit.
As a result, on page 2 of the Form 1040, 1040A, and 1040EZ instructions, the words "before December 1" have been deleted.
On page 6 of the Form 1040 instructions and page 5 of the Form 1040EZ instructions, the text for "First-time homebuyer credit" has been revised.
On page 72 of the Form 1040 instructions, the instructions for Line 67, First-Time Homebuyer Credit, have been revised.
The updated 2009 Instructions for Form 1040, 2009 Instructions for Form 1040A, and 2009 Instructions for Form 1040EZ are now available for download.
--02-DEC-2009
Notice: Extension of Aviation Fuel Tax Credits through December 31, 2009, Federal Aviation Administration Extension Act (P.L. 111-69)
If you downloaded the 2009 Form 4136 before October 8, 2009, please note the following change.
The aviation fuel tax credit rates have been extended from September 30, 2009 to December 31, 2009.
You figure your aviation fuel tax credit on the 2009 Form 4136 using the first rate shown in the Rate column for fuels purchased before January 1, 2010.
The corrected version of the 2009 Form 4136 is now available for download.
--01-DEC-2009
Caution - Change to the 2009 Form 4684, Casualties and Thefts
If you downloaded the 2009 Form 4684 before November 24, 2009, please note the following correction.
On page 1 under line 12, the "Caution" has been changed to read:
"Use only one Form 4684 for lines 13 through 22."
--24-NOV-2009
Caution -- Military Differential Pay
Due to Revenue Ruling 2009-11, effective for wage payments made after December 31, 2008, all military differential pay must be reported only on Form W-2. Revenue Ruling 2009-11, 2009-18 I.R.B. 896, is available at www.irs.gov/pub/irs-irbs/irb09-18.pdf.
The following instructions are affected, but the paper and online versions of the instructions will not be revised.
Correction to the 2009 Instructions for Form 1099-MISC
On page 4 under Box 3. Other Income, disregard item 4 ("Payments made to former employees while they are in military service with the United States Government or active service with the National Guard, if they are on active duty for a period of 30 days or fewer") in the list of items to be reported in box 3.
Correction to the 2009 Instructions for Forms W-2 and W-3
On page 1 under What's New, Military differential pay should read as follows.
Employers paying their employees while they are on active duty in the United States uniformed services should treat these payments as wages. Differential wage payments made to an individual while on active duty for more than 30 days are subject to income tax withholding, but are not subject to social security, Medicare, and unemployment taxes. Report differential wage payments in box 1, and any federal income tax withholding in box 2. Differential wage payments made to an individual while on active duty for 30 days or less are subject to income, social security, Medicare, and unemployment taxes. Report any social security and Medicare taxes in boxes 4 and 6. See Revenue Ruling 2009-11, 2009-18 I.R.B. 896, available at www.irs.gov/pub/irs-irbs/irb09-18.pdf.
Correction to the 2009 General Instructions for Forms 1099, 1098, 3921, 3922, 5498, and W-2G
On page 1 under What's New, disregard the first paragraph, Military differential pay under Form 1099-MISC.
--13-NOV-2009
Caution -- Correction to the 2009 Instructions for Form 4562, Depreciation and Amortization (Including Information on Listed Property)
If you downloaded the 2009 Instructions for Form 4562 before November 11, 2009, please note the following correction.
On page 16, under Table B-General and Alternative Depreciation System, row 21 under the 20 years column has been corrected.
On row 21, under the 20 years column, “4.462%” has been replaced with “2.231%.”
The corrected version of 2009 Instructions for Form 4562 is now available for download.
--13-NOV-2009
Caution -- Correction to Form 4506T-EZ, Short Form Request for Individual Tax Return Transcript
If you downloaded Form 4506T-EZ before October 30, 2009, please note the following change.
The instructions for Where to mail..., on page 2, now include the states of Nebraska and Nevada. Individuals living in these states will mail Form 4506T-EZ to the address listed for the RAIVS Team in Fresno, CA.
The corrected version of Form 4506T-EZ is now available for download.
--03-NOV-2009
Caution -- Correction to the 2008 Publication 946, How To Depreciate Property
If you downloaded the 2008 Publication 946 before October 2, 2009, please note the following changes.
On page 116, under Certain Property for Which Recovery Periods Assigned, items D and E have been corrected. We also added another category (item F) to cover property discussed in section 168(e)(3)(B)(vi)(I) of the Internal Revenue Code.
The revised text should read as follows:
"D. Alternative Energy Property described in section 48(l)(3)(A)(ix) (as in effect on the day before the date of enactment (11/5/90) of the Revenue Reconciliation Act of 1990)."
"E. Biomass property described in section 48(l)(15) (as in effect on the day before the date of enactment (11/5/90) of the Revenue Reconciliation Act of 1990) and is a qualifying small production facility within the meaning of section 3(17)(c) of the Federal Power Act (16 U.S.C. 796(17)(C)), as in effect on September 1, 1986."
"F. Energy property described in section 48(a)(3)(A) (or would be described if "solar or wind energy" were substituted for "solar energy" in section 48(a)(3)(A)(i))."
The corrected version of 2008 Publication 946 is now available for download.
--02-OCT-2009
Caution - Changes to the Instructions for Form 8275 (Rev. February 2009), Disclosure Statement, and Instructions for Form 8275-R (Rev. February 2009), Regulation Disclosure Statement.
If you downloaded the Instructions for Form 8275 (Rev. February 2009) or the Instructions for Form 8275-R (Rev. February 2009) prior to September 26, 2009, please note the following corrections.
In the Instructions for Form 8275 (Rev. February 2009) on page 1 under Who Should File, replace "income tax return preparers" with "tax return preparers" in the first sentence. This sentence now reads as follows.
“Form 8275 is filed by individuals, corporations, pass-through entities, and tax return preparers.”
In the Instructions for Form 8275-R (Rev. February 2009) on page 1 under Who Should File, replace "income tax return preparers" with "tax return preparers" in the first sentence. This sentence now reads as follows.
“Form 8275-R is filed by individuals, corporations, pass-through entities, and tax return preparers.”
The corrected versions of Instructions for Form 8275 (Rev. February 2009), Disclosure Statement, and Instructions for Form 8275-R (Rev. February 2009), Regulation Disclosure Statement, are now available for download.
--29-SEP-2009
Mailing Address Changed on Form 8811, Information Return for Real Estate Mortgage Investment Conduits (REMICs) and Issuers of Collateralized Debt Obligations
The mailing address for Form 8811, Information Return for Real Estate Mortgage Investment Conduits (REMICs) and Issuers of Collateralized Debt Obligations has changed.
Mail Form 8811 to:
IRS Form 8811 Project
SE: W: CAR: MP: T, IR-6526
1111 Constitution Avenue NW
Washington DC 20224
Do not resubmit previously mailed Forms 8811.
--25-SEP-2009
Mailing Address Changed on Form 8281, Information Return for Publicly Offered Original Issue Discount Instruments
The mailing address for Form 8281, Information Return for Publicly Offered Original Issue Discount Instruments has changed.
Mail Form 8281 to:
IRS Form 8281 Project
SE: W: CAR: MP: T, IR-6526
1111 Constitution Avenue NW
Washington DC 20224
Do not resubmit previously mailed Forms 8281.
--25-SEP-2009
Caution -- Correction to Form 6118, Claim for Refund of Tax Return Preparer and Promoter Penalties.
If you downloaded Form 6118 before September 3, 2009, please note the following changes.
On page 2, under Where and When To File, the information regarding when to file a claim under sections 6694, 6695, 6700, and 6701 has been corrected.
The paragraph should read as follows:
File Form 6118 with the IRS service center or IRS office that sent you the statement(s). If you were assessed a penalty under section 6700, 6701, or 6694, you may file a claim for refund upon paying 15% of the penalty if you do so within 30 days from the date of notice and demand. Otherwise, your claim under sections 6700 and 6701 must be filed within 2 years from the date you paid the penalty in full. Your claim under sections 6694 and 6695 must be filled within 3 years from the date you paid the penalty in full.
The corrected version of Form 6118 (Rev. August 2009) is now available for download.
--10-SEP-2009
Caution---Correction to 2008 Instructions for Form 1065-B, U.S. Return of Income for Electing Large Partnerships
If you downloaded the 2008 Instructions for Form 1065-B before August 22, 2009, please note the following changes.
- On page 1, under “What's New,” item 5, the first bullet, we have corrected the title of Form 5884-A to "Credits for Affected Midwestern Disaster Area Employers.”
- On page 3, under “Where To File,” we have corrected the zip code in the address for partnerships located in the United States to "84201-0007."
- On page 14, under “Line 10. Other Income (Loss)," in the fourth bullet, we have corrected the line reference to Form 6478 to "line 8;" and under the fifth bullet, we corrected the line reference to Form 8864 to "line 10."
- On page 15, under “Reducing certain expenses for which credits are allowable,” we renumbered the 14th item to the 15th item, and we added a new 14th item. The new 14th item is now “The agricultural chemicals security credit.”
- On page 16, in the first sentence at the end of the lease term table, we corrected the date to "January 1, 2003.”
- On page 18, under “Line 27,” we corrected the line reference to Form 4136 to "line l7."
- On page 28, under “Line 15,” item 4, we corrected the title of Pub. 598 to "Tax on Unrelated Business Income of Exempt Organizations.” For item 6, we changed the reference previously shown as "section 54(g)" to the correct citation now shown as "section is 54A(g)."
- On page 29, under “QPAI and Form W-2 wages computed at partnership level (Codes S2 and S3),” in the second paragraph; and under “a. Eligible section 861 partnership," item ii, we have corrected the regulation citation that defined qualifying in-kind partnerships and expanded affiliated group partnerships. The correct citation is "Regulation section is 1.199-3(i)(7) and (8)."
- On page 30, under “c. Eligible small pass-through partnership,” item iv, we have corrected the regulation citation that defined qualifying in-kind partnerships and expanded affiliated group partnerships. The correct citation is "Regulation section is 1.199-3(i)(7) and (8)."
The corrected version of the 2008 Instructions for Form 1065-B, is available for download.
--27-AUG-2009
Caution - Correction to 2008 Partner's Instructions for Schedule K-1 (Form 1065-B), Partner's Share of Income (Loss) From an Electing Large Partnership (For Partner's Use Only)
If you downloaded the 2008 Partner's Instructions for Schedule K-1 before August 5, 2009, please note the following changes.
- On page 7, under “Box 7. General Credits,” “Limited partners only,” the line reference for Form 3800 was incorrectly stated as "1x." The correct Form 3800 line reference is "1z."
- On page 7, under “Box 9. Other," "Code A4. General partner's general credits from trade or business activities,” the line reference for Form 3800 was incorrectly stated as "1x." The correct line reference is "1z."
- On page 8, under “Code B4. General partner's general credits from rental real estate activities,” the line reference for Form 3800 was incorrectly stated as "1x." The correct line reference is "1z."
- On page 8, under “Code B6. General partner's rehabilitation credit from rental real estate activities,” the line reference for Form 3468 was incorrectly stated as "1k." The correct line reference is "10m."
- On page 8, under “Code C4. General partner's general credits from other rental activities,” the line reference for Form 3800 was incorrectly stated as "1x." The correct line reference is "1z."
- On page 8, under “Code I. Limited Partner's Rehabilitation Credit From Rental Real Estate Activities,” the line reference for Form 3468 was incorrectly stated as "1k." The correct line reference is "10m."
- On page 11, under “Code T. Section 409A Income,” the line references for Form 1040 and the instructions for Form 1040 were incorrectly stated as "line 63," The correct line references are "line 61."
The corrected version of the 2008 Partner's Instructions for Schedule K-1 (Form 1065-B) is available for download.
--27-AUG-2009
Notice -- Form 8850, Pre-Screening Notice and Certification Request for the Work Opportunity Credit (Rev. August 2009), and its separate instructions, are now available.
The August 2009 revision of Form 8850 and the Instructions for Form 8850 replaces the May 2009 revision of these products. They were revised to reflect changes made by Notice 2009-69 to the definition of “disconnected youth.” That definition was revised to make it possible for an individual who has a certificate of education from a secondary school (or a GED certificate) issued at least 6 months before the hiring date to qualify even if he or she occasionally held a job since receiving the certificate. The notice also gives employers additional time to use Form 8850 to request certifications for unemployed veterans and disconnected youth.
--27-AUG-2009
Form 941c is obsolete and no longer available in current tax forms. It cannot be used to correct errors discovered after December 31, 2008, on previously filed Forms 941, 941-SS, 943, 944, 944-SS, and 945.
To correct errors on previously filed Forms 941 (and 941-SS), 943, 944 (and 944-SS), and 945, use the corresponding “X” forms: Form 941-X, 943-X, 944-X, or 945-X.
Form 941c, Supporting Statement To Correct Information (Rev. October 2006), is no longer available in current Forms and Instructions on IRS.gov. If you want to view the form, it can be accessed in “Previous years” for 2007.
--28-JULY-2009
Caution -- Correction to the 2008 Publication 946, How To Depreciate Property.
If you downloaded the 2008 Publication 946, How To Depreciate Property before July 24, 2009, please note the following change.
On page 68, under Do the Passenger Automobile Limits Apply, the tax year in the second paragraph has been corrected. The sentence should read:
"This section describes the maximum depreciation deduction for 2008 and explains how to deduct, after the recovery period, the unrecovered basis of your property that results from applying the passenger automobile limit."
The corrected version of the 2008 Publication 946 is now available for download.
--28-JULY-2009
Caution -- Changes to Publication 80 (For use in 2009)
If you downloaded the 2009 revision of Publication 80, (Circular SS), Federal Tax Guide for Employers in the U.S. Virgin Islands, Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands, before July 16, 2009, please note the following changes.
- On page 1, a new topic addressing the COBRA premium assistance credit has been added.
- On page 13, under "Averaged" failure-to-deposit penalty", all references to line 15 of Form 941-SS have been amended by adding a reference to line 17 of Form 941-SS for 2009.
The corrected version of Publication 80 is now available for download.
--21-JULY-2009
Caution -- Correction to the 2008 Instructions for Form 4562 (Rev. June 2009)
If you downloaded the 2008 Instructions for Form 4562 (Rev. June 2009), Depreciation and Amortization (Including Information on Listed Property), before July 16, 2009, please note the following.
On page 12 in Table 2 - Limits for Passenger Automobiles Placed in Service After 2003, the last date in the table should read:
"Jan. 1, 2008 - Dec. 31, 2009.”
The corrected version of the 2008 Instructions for Form 4562 is now available for download.
--21-JULY-2009
Caution: Changes to Form 1118, Foreign Tax Credit-Corporations
If you downloaded Form 1118, Foreign Tax Credit - Corporations (Rev. December 2008), before July 10, 2009, please note the following corrections.
On page 2, Schedule B, Part III, the title should indicate that, for each applicable category of income, filers are to enter the amount from Part II, line 12.
The corrected Form 1118, Foreign Tax Credit - Corporations is now available for download.
--14-JULY-2009
Caution--Correction to the June 2009 Instructions for Form 941-X.
If you downloaded the June 2009 Instructions for Form 941-X before July 07, 2009, please note the following change.
On page 1 under Background, the end of the third paragraph that begins "If you have comments" was changed from “on Form 941” to “on page 10.”
On page 8 under the instructions for Line 17a., we added a new paragraph at the end.
Page 8 - the instructions for line 18.
- The text “if your Form 941-X is filed timely” was added at the end of the third sentence in the first bullet
- Under Amount you owe, the following paragraphs were added after the first paragraph:
If you owe tax and are filing a timely Form 941-X, do not file an amended Schedule B (Form 941) unless you were assessed an FTD penalty caused by an incorrect, incomplete, or missing Schedule B (Form 941). Do not include the tax increase reported on Form 941-X on any amended Schedule B (Form 941) you file.
If you owe tax and are filing a late Form 941-X, that is, after the due date for Form 941 for the quarter in which you discovered the error, you must file an amended Schedule B (Form 941) with the Form 941-X. Otherwise, the IRS may assess an “averaged” FTD penalty.
- Also under Amount you owe, the text Payment methods was added to the beginning of the last paragraph.
The corrected version of the Instructions for Form 941-X (June 2009) is now available for download.
--08-JULY-2009
Correction -- 2009 Publication 919, How Do I Adjust My Tax Withholding?
If you downloaded the Publication 919, How Do I Adjust My Tax Withholding, before June 26, 2009, please note the following correction.
The last sentence of Worksheet 10, line 11, now reads:
"Otherwise, enter the total on Worksheet 1, line 2."
--06-JULY-2009
Caution- Correction to the 2009 Instructions Form 1120-W, Estimated Tax for Corporations.
If you downloaded the 2009 Instructions for Form 1120-W, Estimated Tax for Corporations before June 18, 2009, please note the following.
On page 3, the example in the instructions for Part I, Adjusted Seasonal Installment Method has been corrected. The sentence regarding the base period percentage for the applicable 6-month period in 2009 should read:
"Because the average of 69%, 74%, and 67% is 70%, the base period percentage for May through October 2009 is 70%".
The corrected version of the 2009 Instructions for Form 1120-W, is now available for download.
--06-JULY-2009
Caution: Changes to the 2008 Instructions for Form 3800 and Form 8827
Please note the following:
The American Recovery and Reinvestment Act of 2009 (P.L 111-5) extended for one year the election available to a corporation to accelerate its use of unused research credit carryforwards or unused minimum tax credit carryforwards from tax years beginning before 2006 and obtain a refundable credit in lieu of the special depreciation allowance for certain property. Therefore, for its first tax year ending after December 31, 2008, a corporation can now choose to have this election also apply to extension property, can choose not to have this election apply to extension property, or can choose to make this election only for extension property if the election was not made in its first tax year ending after March 31, 2008.
This change affects the instructions for line 18b of Form 3800, line 7b of Form 8827, and the worksheet for calculating the refundable minimum tax credit and research credit located in the instructions for both forms.
The corrected June 2009 revisions of the 2008 Instructions for Form 3800 and the 2008 Form 8827 are now available for download.
--06-JULY-2009
Correction Form 8854, Expatriation Information Statement, and Instructions
If you downloaded Form 8854 and its Instructions before June 1, 2009, please note the following corrections.
The form and instructions incorrectly state the portions of the form that must be completed by persons who expatriated after June 16, 2008. Persons who are covered expatriates must complete Part A, Schedules A and B; and all of Part B; persons who are not covered expatriates do not have to complete lines 7 or Sections II and III of Part B. Accordingly, the following changes should be made to Form 8854 and its instructions.
-
Form -- On page 1, Box E, the second checkbox should read: After June 16, 2008. Complete Part A, Schedules A and B; and Part B.
- Form -- On page 4, Part B, line 5 should read: Were you under age 18 1/2 on the date you expatriated and have you been a U.S. resident for not more than 10 years?
- Form -- On page 4, insert the following between lines 6 and 7a: If you are not a covered expatriate, STOP HERE. You do not need to complete line 7 or Sections II and III. Be sure to sign the form on page 5.
- Instructions -- On page 6, under Part B, insert the following: Note. You must also complete Part A, Schedules A and B.
- Instructions -- On page 6, under Line 7, insert the following: Complete lines 7a-d only if you are a covered expatriate.
- Instructions -- On page 6, under Section II, the first sentence should read: Complete Section II only if you are a covered expatriate.
--18-JUNE-2009
Correction Publication 15-T, New Wage Withholding and Advance Earned Income Credit Payment Tables
If you downloaded the Publication 15-T, New Wage Withholding and Advance Earned Income Credit Payment Tables, before June 09, 2009, please note the following corrections.
On page 3 in the second Example in the second column, the fifth sentence should read:
"Using the table for the annual payroll period (Table 7(b)) on page 6, $2,812.50 is withheld.”
The corrected Publication 15-T, New Wage Withholding and Advance Earned Income Credit Payment Tables, is now available for download.
--10-JUNE-2009
Caution--Corrections to the 2009 Publication 15 (Circular E), Employer's Tax Guide
If you downloaded the 2009 Publication 15 (Circular E), Employer's Tax Guide, before June 4, 2009, please note the following corrections.
- On page 4 in the first sentence under Forms in Spanish, the title for
Formulario W-4(SP) now reads:
"Certificado de Exención de Retenciones del Empleado.”
- On page 8 in the first paragraph under COBRA premium assistance credit, the second sentence has been as been changed to read:
"COBRA generally covers multiemployer health plans and health plans maintained by private-sector employers (other than churches) with 20 or more full and part-time employees.”
- On page 16 in the first sentence under Form in Spanish, the title for Formulario W-4(SP) now reads:
"Certificado de Exención de Retenciones del Empleado.”
The corrected 2009 Publication 15 (Circular E), Employer's Tax Guide, is now available for download.
--05-JUNE-2009
Caution: Change to the 2008 Publication 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments
If you downloaded the 2008 Publication 4681 before May 21, 2009, please note the following corrections.
On pages 6, 16, and 20, the Insolvency Worksheet, line 11 has been changed to read:
Loans from 401(k) accounts and other retirement plans.
On pages 16 and 20, the Insolvency Worksheet, line 40 has been changed to read:
Amount of Insolvency. Subtract line 39 from line 17. If zero or less, you are not insolvent.
Additionally, on pages 6, 16, and 20, we added a line at the beginning of the Insolvency Worksheet to enter the date the debt was canceled that reads: Date debt was canceled (mm/dd/yy).
The corrected version of the 2008 Publication 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments, is now available for download.
--21-MAY-2009
Caution - Change to 2008 Instructions for Forms 8804, 8805, and 8813
If you downloaded the 2008 Instructions for Forms 8804, 8805, and 8813, before May 5, 2009, please note the following corrections.
The introductory paragraph for the country codes on page 7 has been changed to reflect the correct line reference to the 2008 Form 8805. Also, country code TW (Taiwan) was added and country code UK was clarified by indicating that it applies to England, Wales, Scotland, and Northern Ireland.
--07-MAY-2009
Caution - Change to the 2008 Instructions for Form 1120-F, U.S. Income Tax Return of a Foreign Corporation
If you downloaded the 2008 Instructions for Form 1120-F before April 24, 2009, please note the following correction.
On page 28, in the last paragraph under Schedules M-1 and M-3, we have corrected the reference to total assets at the end of the tax year to read as follows: "(line 17, column (d) of Schedule L)"
The corrected version of the 2008 Form 1120-F Instructions is now available for download.
--07-MAY-2009
Updates to Notice 1036, Early Release Copies of New Wage Withholding and Advance Earned Income Credit Payment Tables
Beginning April 1, 2009, the wage withholding tables and advance earned income credit (EIC) payment tables can be found in Notice 1036. The tables are also in Publication 15-T, New Wage Withholding and Advance Earned Income Credit Payment Tables.
Individuals who have income tax withheld from their pension payments may want to review their withholding to make sure enough federal income tax is withheld to cover expected 2009 federal tax liability. Retirees can adjust their income tax withholding by submitting a new Form W-4P, Withholding Certificate for Pension or Annuity Payments, or other document required by the payer.
Employees who have more than one job or are married should review their withholding if their combined income places them in a higher tax bracket. Employees can adjust their income tax withholding by submitting a new Form W-4, Employee's Withholding Allowance Certificate.
Due to changes to the withholding tables resulting from the American Recovery and Reinvestment Act of 2009, the amounts to add to a nonresident alien employee's wages for calculating income tax withholding only have been increased. See the chart below for these increased amounts.
Amount to Add to Nonresident Alien Employee's Wages for Calculating Income Tax Withholding Only
|
|
Payroll Period
|
Add Additional
|
|
Weekly
|
$138.00
|
|
Biweekly
|
276.00
|
|
Semimonthly
|
299.00
|
|
Monthly
|
598.00
|
|
Quarterly
|
1,795.00
|
|
Semiannually
|
3,590.00
|
|
Annually
|
7,180.00
|
|
Daily or Miscellaneous (each day of the payroll period)
|
27.60
|
Employers must use the amounts in the chart above in conjunction with the new withholding tables when calculating income tax withholding for nonresident alien employees. For more information about nonresident alien employee withholding, see section 9 of Publication 15 (Circular E), Employer's Tax Guide.
This information is contained in the new Publication 15-T, New Wage Withholding and Advance Earned Income Credit Payment Tables.
See Notice 1036, Early Release Copies of New Wage Withholding and Advance Earned Income Credit Payment Tables, and Publication 15-T for more information.
--07-MAY-2009
Caution - Change to the 2008 Schedule K-1 (Form 1041), Beneficiary's Share of Income, Deductions, Credits, etc.
If you downloaded the 2008 Schedule K-1 (Form 1041) before April 24, 2009, please note the following correction.
On page 4, under the instructions for Box 13, Code E. Basis of other investment credit property, the first sentence has been changed to read:
"This code is used to report the basis of property for figuring the energy credit, the qualifying advanced coal project credit, and the qualifying gasification project credit."
The corrected version of the 2008 Schedule K-1 (Form 1041), Beneficiary's Share of Income, Deductions, Credits, etc., is now available for download.
--27-APR-2009
Changes to 2009 Publication 51 (Circular A), Agricultural Employer's Tax Guide
If you downloaded 2009 Publication 51 (Circular A), Agricultural Employer's Tax Guide, before April 3, 2009, please note the following major changes.
- New tables for withholding and advance earned income credit (EIC) payments have been developed due to changes made to the tax law by the American Recovery and Reinvestment Act of 2009 (ARRA). The new tables can be found in Publication 15-T, New Wage Withholding and Advance Earned Income Credit Payment Tables (For Wages Paid Through December 2009).
- On page 14 in the Caution under the section titled How to figure the advance EIC payment, amounts previously reported as “$40,295” and “$43,415” now read “$35,463” and “$40,463,” respectively.
- On page 17 under How to deposit with a FTD coupon, three new paragraphs were added at the end of this section (page 18) to advise the Financial Agent cannot process foreign checks. If a check written on a foreign bank to pay a federal tax deposit is sent to the Financial Agent, generally you will be charged a deposit penalty and will receive a bill in the mail.
The updated version of Publication 51 (Circular A), Agricultural Employer's Tax Guide, is now available for download.
--23-APR-2009
Caution -- Correction to the First Quarter 2009 Instructions for Form 720 (Rev. January 2009)
If you downloaded the first quarter 2009 Instructions for Form 720 (Rev. January 2009) before April 14, 2009, please note the following correction.
On page 5, under Other Fuels (IRS No. 79), the table lists the incorrect tax rates for qualified ethanol produced from coal and qualified methanol produced from coal. After December 31, 2008, the tax rate for qualified ethanol and methanol produced from coal is $.184 per gallon.
The corrected first quarter 2009 Instructions for Form 720 (Rev. April 2009) are now available for download.
--21-APR-2009
Notice - Change to earned income amounts on 2009 Form W-2, Wage and Tax Statement.
Certain low-income taxpayers may qualify for the earned income credit (EIC). The American Recovery and Reinvestment Act of 2009 (P.L. 111-5) increased the threshold amounts for taxpayers whose earned income is greater than a specific phaseout amount. This affects the 2009 Form W-2 because it increases the amount of adjusted gross income you can have and still qualify for the EIC.
The paper and online versions of the 2009 Form W-2 will not be revised, but the Act affects the form as follows.
On the back of Copy B, Notice to Employee, under Earned income credit (EIC), the second paragraph, first sentence should read:
You may be able to take the EIC for 2009 if (a) you do not have a qualifying child and you earned less than $13,440 ($18,440 if married filing jointly), (b) you have one qualifying child and you earned less than $35,463 ($40,463 if married filing jointly), (c) you have two qualifying children and you earned less than $40,295 ($45,295 if married filing jointly), or (d) you have three or more qualifying children and earned less than $43,279 ($48,279 if married filing jointly).
To incorporate the new EIC income limitation verbiage onto Copy B of the 2009 Form W-2, forms suppliers, software developers, and employers may follow Part B, Section 2 (.19) of Publication 1141 (Rev. Proc. 2008-33), General Rules and Specifications for Substitute Forms W-2 and W-3. Section 2 (.19) states, "An employer may modify or delete instructions that do not apply to its employees."
--21-APR-2009
Caution--Change to the 2008 Form 1120-F, U.S. Income Tax Return of a Foreign Corporation
If you downloaded the 2008 Form 1120-F before April 17, 2009, please note the following correction.
We have modified Item F at the top of page 1 of the form to correct the reference to the instructions.
The corrected version of the 2008 Form 1120-F is now available for download.
--21-APR-2009
Notice -- Publication 1542 (Rev. April 2009), Per Diem Rates, is Now Available
Table 4 of Publication 1542 (Rev. April 2009) incorporates updates to the federal per diem rates announced by the General Services Administration. Beginning on April 1, 2009, maximum per diem rates have increased for certain locations in Idaho and Maryland, and the defined locality area for Columbia, SC, has expanded to include the county of Lexington.
Table 4 has also been revised to correct the maximum lodging rate per diem for Midland, MI (Midland County). The correct rate is $93 for October 1, 2008 -- September 30, 2009.
--21-APR-2009
Changes to 2009 Publication 15 (Circular E), Employer's Tax Guide
If you downloaded 2009 Publication 15 (Circular E), Employer's Tax Guide, before March 31, 2009, please note the following major changes.
- New tables for withholding and advance earned income credit (EIC) payments have been developed due to changes made to the tax law by the American Recovery and Reinvestment Act of 2009 (ARRA). The new tables can be found in Publication 15-T, New Wage Withholding and Advance Earned Income Credit Payment Tables (For Wages Paid Through December 2009).
- On page 11, the first sentence under Employee business expense reimbursements has been changed and now reads “A reimbursement or allowance arrangement is a system by which you pay the advances, reimbursements, and charges for your employees' business expenses.”
- On page 11 under Accountable plan:
a. The last sentence in item (1) has been changed and now reads “The reimbursement or advance must be paid for the expense and must not be an amount that would have been paid by the employee.”
b. Item (2) has been changed and now reads “They must substantiate these expenses to you within a reasonable period of time.”
c. Item (3) has been changed and now reads “They must return any amounts in excess of substantiated expenses within a reasonable period of time.”
- On page 20 in the Caution under the section titled How to figure the advance EIC payment, amounts previously reported as “$35,464” and “$38,584” now read “$35,463” and “$40,463,” respectively.
- On page 24 under How to deposit with a FTD coupon, three new paragraphs were added at the end of this section to advise the Financial Agent cannot process foreign checks. If a check written on a foreign bank to pay a federal tax deposit is sent to the Financial Agent, generally you will be charged a deposit penalty and will receive a bill in the mail.
The updated version of Publication 15 is now available for download.
--13-APR-2009
Publication 15-T, New Wage Withholding and Advance Earned Income Credit Payment Tables (For Wages Paid Through December 2009)
Effective April 1, 2009, employers are required to use the new tables for wage withholding and advance earned income credit (EIC) payments found in Publication 15-T.
Publication 15-T contains the following tables.
-
Tables for Percentage Method of Withholding.
-
Tables for Wage Bracket Method of Withholding.
-
Tables for Percentage Method of Advance EIC Payments.
-
Tables for Wage Bracket Method of Advance EIC Payments.
-
Alternative 1. -Tables for Percentage Method Withholding Computations.
-
Alternative 2. -Tables for Percentage Method Withholding Computations.
-
Wage Bracket Percentage Method Table for Computing Income Tax Withholding From Gross Wages.
-
Wage Bracket Percentage Method Table for Computing Income Tax Withholding From Wages Exceeding Allowance Amount.
-
Combined Income Tax, Employee Social Security Tax, and Employee Medicare Tax Withholding Tables.
The Tables for Withholding on Distributions of Indian Gaming Profits to Tribal Members are unchanged and can still be found in Publication 15-A, Employer's Supplemental Tax Guide.
Publication 15-T is available for download.
--13-APR-2009
Caution -- Change to the Instructions for Form 8802 (Rev. April 2007)
If you downloaded the Instructions for Form 8802 (Rev. April 2007), before April 8, 2009, please note the following changes.
On page 2, under Where To Apply, in the Instructions for Form 8802, the addresses for sending Form 8802, Application for United States Residency Certification, with the payment of the user fee by check or money order, have been changed to the following:
Internal Revenue Service
P.O. Box 71052
Philadelphia, PA 19176-6052
Or, by private delivery service to:
Citibank
Attn: IRS Lockbox Operations
500 White Clay Center Drive, Bldg. 500
Newark, DE 19711
If you are paying the user fee by electronic payment you should continue to send your completed Form 8802 to:
Internal Revenue Service
11601 Roosevelt Blvd.
Drop Point N322 - US Certs Dept.
Philadelphia, PA 19154
The corrected version of the Instructions for Form 8802 (Rev. April 2007) is now available for download.
--13-APR-2009
Caution -- Correction to the 2008 Publication 531, Reporting Tip Income
If you downloaded the 2008 Publication 531 before February 24, 2009, please note the following correction.
On page 3, in Example 1, the date for reporting tips earned in September was incorrectly stated as “October 12.” The correct date is “October 13.”
The corrected version of the 2008 Publication 531, Reporting Tip Income, is now available for download.
--13-APR-2009
Caution - Change to the 2008 Instructions for Form 4626, Alternative Minimum Tax - Corporations
If you downloaded the 2008 Instructions for Form 4626 before April 8, 2009, please note the following changes.
Under the American Recovery and Investment Act of 2009, the term "private activity bond" does not include bonds issued after December 31, 2008, and before January 1, 2011. Therefore, for purposes of the alternative minimum tax, interest on such bonds is not a tax preference item. In addition, no adjusted current earnings (ACE) adjustment is needed for such interest. These changes affect corporations with fiscal tax years ending in 2009.
To reflect these changes, we have revised the instructions for line 2m of Form 4626 and the instructions for line 3 of the ACE Worksheet, which is included in the Instructions for Form 4626.
The revised version of the 2008 Instructions for Form 4626 is now available for download.
--11-APR-2009
Notice -- Extension of Air Transportation Taxes and Aviation Fuel Tax Rates and Credit Rates Through September 30, 2009 (Effect on Fiscal Year Filers of Form 4136)
When filing the 2008 Form 4136, Credit for Federal Tax Paid on Fuels, please note the following change:
The aviation fuel rates that were scheduled to change after March 30, 2009, have been extended. The aviation fuel rates are now scheduled to change after September 30, 2009. The second rates shown in the Rate column for lines 2a--2c, 5b, 5d, 8a, 8c, 8e, and 13c do not apply until October 1, 2009.
Figure your credit on Form 4136 using the first rate shown in the Rate column for fuels purchased or sold before October 1, 2009.
We expect Congress to take additional legislative action before October 1, 2009. To find out if additional legislation is enacted, monitor the news media or check back here for updates.
--11-APR-2009
NOTICE - Change to lead attention page for 2008 and 2009 Forms W-2, W-3, 1098, 1099, and 5498. There are no changes to the forms.
If you downloaded the 2008 or 2009 Forms W-2, W-2c, W-2AS, W-2GU, W-2VI, W-3, W-3c, W-3PR, or W-3SS, note that on the lead attention page, the sentence "Do not file copy A with SSA." has been changed to "Do not file copy A downloaded from this website with the SSA." This change was posted to the IRS website on April 3, 2009.
If you downloaded 2008 or 2009 Forms 1098, 1099, or 5498, note that on the lead attention page, the phrase "Do not file copy A with IRS." has been changed to "Do not file copy A downloaded from this website." This change was posted to the IRS website on April 6, 2009.
The official printed version of IRS forms copy A is scannable, but the online version of it, printed from this website, is not. To order official IRS forms, call 1-800-TAX-FORM (1-800-829-3676).
--08-APR-2009
Caution -- Update to the 2009 Publication 15-B, Employer's Tax Guide to Fringe Benefits
On page 20, under the heading Exclusion from wages, the first bullet point is updated based on a tax law change made with the enactment of the American Recovery and Reinvestment Act of 2009.
The first bullet point should be replaced with the following.
- For combined commuter highway vehicle transportation and transit passes:
a. $120 per month for the months of January and February 2009 and
b. $230 per month for the months of March through December 2009.
Publication 15-B, Employer's Tax Guide to Fringe Benefits, will not be revised at this time; however, the update will be reflected in a future revision.
--06-APR-2009
Caution - Correction to the 2008 Publication 527, Residential Rental Property (Including Rental of Vacation Homes).
If you downloaded the 2008 Publication 527 before March 27, 2009, please note the following correction.
On page 23, the final sentence at the bottom of the right column under the heading, "Lines 25 and 26," should read as follows: "They also enter the loss on line 17 of their Form 1040."
The corrected 2008 version of Publication 527 is available for download.
--2-APR-2009
Caution - Guidance for use of the 2009 Form 1040-ES, Estimated Tax for Individuals.
The American Recovery and Reinvestment Act of 2009 (P.L. 111-5) made changes which might affect your calculation of estimated tax. If your tax computation includes any of the items shown in the following list, refer to Publication 505 ("What's New for 2009" and chapter 2) for additional information.
- Differential wage payments.
- Certain unemployment compensation.
- Economic recovery payment to recipients of social security, supplemental social security, railroad retirement benefits, and veterans disability compensation or pension benefits.
- Qualified small business stock.
- Alternative minimum tax (AMT) exemption amount.
- Tax on child's investment income.
- Making work pay credit.
- Hope education credit.
- Qualified education expenses under a qualified tuition program (QTP).
- Credit to certain government retirees.
- Alternative fuel vehicle refueling property credit.
- Credit for qualified plug-in electric vehicles.
- Plug-in conversion credit.
- Build America tax credit bonds.
- First-time homebuyer credit.
- Health coverage tax credit.
- Retirement savings contributions credit (saver's credit).
- Deduction for taxes paid on the purchase of new vehicles.
- Earned income credit for three or more qualifying children.
- Additional child tax credit.
- Required estimated tax payments for certain small businesses.
For 2009, nonrefundable personal credits are still allowed against the AMT.
--31-MAR-2009
Caution - Corrections to the 2008 Publication 17, Your Federal Income Tax
If you downloaded the 2008 Publication 17, Your Federal Income Tax, before February 14, 2009, please note the following corrections.
- On page 9, in the first paragraph under Does My Return Have To Be on Paper?, the second sentence has been changed to read “If your 2008 adjusted gross income (AGI) is $56,000 or less, you are eligible for Free File.”
- On page 14, under Signatures, item number 2 in the list has been changed to read “Absent from the United States for a continuous period of at least 60 days before the due date for filing your return, or.”
- On page 17, under What Records Should I Keep?, in the discussion of Copies of returns, the Tip has been changed to read ”If your main home, principal place of business, or tax records are located in a federally declared disaster area, the charge will be waived.”
- Also on page 17, under Change of Address, the last sentence of the second paragraph has been changed to read “If you are affected by a federally declared disaster, you may be able to change your address with the IRS orally.”
- On page 53 in the left column, Example 1 has been changed to read “You must report your tips received in September 2009 by October 13, 2009. October 10th is a Saturday, and the 13th is the next day that is not a Saturday, Sunday, or legal holiday."
The corrected version of the 2008 Publication 17 is now available for download.
--24-MAR-2009
Caution - Change to the 2009 Instructions for Form 1099-MISC
If you downloaded the 2009 Instructions for Form 1099-MISC before February 5, 2009, please note the following corrections.
Under What's New on page 1, Death benefits has been corrected and now reads:
Death benefits from nonqualified deferred compensation plans paid to the estate or beneficiary of a deceased employee are now reported on Form 1099-MISC instead of Form 1099-R. Continue reporting death benefit payments from qualified plans on Form 1099-R. See Deceased employee's wages on page 2.
The last paragraph under Deceased employee's wages on pages 2 and 3 has been corrected. It now reads:
Death benefits from nonqualified deferred compensation plans paid to the estate or beneficiary of a deceased employee are now reportable on Form 1099-MISC. Do not report these death benefits on Form 1099-R. However, if the benefits are from a qualified plan, continue reporting them on Form 1099-R. See the Instructions for Forms 1099-R and 5498.
The corrected 2009 Instructions for Form 1099-MISC (Rev. February 2009) are now available for download.
--24-MAR-2009
Caution - - Change to Publication 957, Reporting Back Pay and Special Wage Payments to the Social Security Administration
If you downloaded Publication 957, Reporting Back Pay and Special Wage Payments to the Social Security Administration, before March 6, 2009, please note the following correction.
On page 10, under the column titled Description, the ninth row now reads:
"SSA Office Code --must be numeric and may be all zeros”
The corrected version of Publication 957, Reporting Back Pay and Special Wage Payments to the Social Security Administration (Rev. January 2009), is now available for download.
--16-MAR-2009
Caution -- Change to Form W-5, Earned Income Credit Advance Payment Certificate (Rev. January 2009), and Formulario W-5(SP), Certificado del Pado por Adelantado del Credito por Ingreso del Trabajo (Rev. January 2009)
The American Recovery and Reinvestment Act of 2009 (P.L. 111-5) increased the earned income credit for joint filers and for taxpayers with 3 or more qualifying children. This affects the 2009 Form W-5 and 2009 Formulario W-5(SP) because it increases the amount of adjusted gross income you can have and still receive the advance earned income credit if you are married filing jointly.
The paper and online versions of the forms will not be revised, but the Act affects the instructions as follows.
On page 1, in item 3 under Who is Eligible To Get Advance EIC Payments, the AGI amount of $38,583 for married filing jointly should be replaced with $40,463.
On page 2 of Form W-5 and page 3 of Formulario W-5(SP), question 3 should read:
3. Do you expect that your 2009 earned income and AGI will each be less than: $35,463 ($40,463 if married filing jointly) if you expect to have 1 qualifying child; $40,295 ($45,295 if married filing jointly) if you expect to have 2 qualifying children; or $43,279 ($48,279 if married filing jointly) if you expect to have 3 or more qualifying children?
On page 2 of Form W-5 and page 3 of Formulario W-5(SP), under the “Yes” answer to question 3, the AGI amount of $38,583 for married filing jointly should be replaced with $40,463.
--6-MAR-2009
Caution - Change to Form 5405, First-Time Homebuyer Credit
If you downloaded Form 5405, First-Time Homebuyer Credit, before February 21, 2009, please note the following change.
The American Recovery and Reinvestment Act of 2009 (Public Law 111-5) changed the first-time homebuyer credit for homes purchased in 2009. The changes are included in a new revision of the 2008 Form 5405 (Rev. February 2009), which is now available for download.
--26-FEB-2009
Caution - Corrections to the 2008 Publication 554, Tax Guide for Seniors
If you downloaded the 2008 Publication 554 before February 12, 2009, please note the following corrections.
Reverse Mortgages has been moved from page 17 to page 18, and the last two sentences have been changed to read:
"Any interest (including original interest discount) accrued on a reverse mortgage is not deductible until you actually pay it, which is usually when you pay off the loan in full. Your deduction may be limited because a reverse mortgage loan generally is subject to the limit on home equity debt discussed in Publication 936, Home Mortgage Interest Deduction.”
The explanation of the standard deduction on pages 20 through 22 has been revised to reflect the higher standard deduction for real estate taxes and net disaster losses.
On page 24, the limits on the deduction for qualified long-term care premiums have been changed to read:
"a. Age 40 or under - $ 310.
b. Age 41 to 50 - $ 580.
c. Age 51 to 60 - $ 1,150.
d. Age 61 to 70 - $ 3,080.
e. Age 71 or over - $ 3,850.”
Additional changes were made to the following items.
- What's New on pages 1 and 2.
- The first paragraph under Filing Requirements on page 4.
- Information about the temporary waiver of the required minimum distribution rules for 2009 was added to pages 6 and 11.
- The first Caution on page 10 (previously on page 8).
- The discussion under Sale of home by surviving spouse (moved from page 16 to page 17).
- A discussion of certain tax benefits for the Kansas and Midwestern disaster areas was added on pages 6 and 30.
The corrected version of the 2008 Publication 554, Tax Guide for Seniors, is now available for download.
--26-FEB-2009
Caution -- Correction to the 2008 Form 8801 and instructions
If you downloaded the 2008 Form 8801 before February 14, 2009, please note the following changes.
On page 2, Part II, line 22 has been corrected. It now states:
"Combine lines 18 through 21. If zero or less, enter -0- “
On page 2, Part II, line 24 has been corrected. It now states:
"Add lines 22 and 23. If zero, stop here and see instructions“
If you downloaded the 2008 Instructions for Form 8801 before February 21, 2009, please note the following change.
On page 4, the instruction for Line 24 has been revised to read:
"If line 24 is zero, you do not have a nonrefundable or refundable credit or a credit carryforward. Do not complete the rest of this form and do not file it."
The corrected versions of the 2008 Form 8801 and the 2008 Instructions for Form 8801 are now available for download.
--23-FEB-2009
Caution: Correction to the 2008 Instructions for Form 1120, Form 1120S, and Form 1065
Please note the following.
Qualified cash contributions paid after May 1, 2008, and before January 1, 2009, for relief efforts in one or more Midwestern disaster areas, are eligible for the temporary suspension of the charitable contribution limitations. A contemporaneous written acknowledgement must be obtained from the qualified charitable organization that the contribution was used (or will be used) for relief efforts in one or more Midwestern disaster areas.
This clarification affects page 11 of the Instructions for Form 1120, page 26 of the Instructions for Form 1120S, and page 29 of the Instructions for Form 1065.
The corrected versions of the following items are now available for download.
--03-FEB-2009
updated 17-FEB-2009
Caution - Correction to Instructions for Form 8918 Material Advisor Disclosure Statement (Rev. Oct. 2007)
On page 1, under the heading Who is a Material Advisor, second paragraph, the second and fourth bullet points contain an error. The word “expects” should be “expect” in each bullet point.
The second bullet point should be replaced with the following.
- A taxpayer who you know is or reasonably expect to be required to disclose the transaction under Regulations section 1.6011-4 because the transaction is or is reasonably expected to become a reportable transaction other than a listed transaction or transaction of interest.
The fourth bullet point should be replaced with the following.
- A material advisor who you know is or reasonably expect to be required to disclose the transaction under section 6111 because the transaction is or is reasonably expected to become a reportable transaction other than a listed transaction or transaction of interest.
The Instructions for Form 8918 will not be updated at this time; however, the correction will be reflected in a future revision.
--17-FEB-2009
Caution--Correction to the 2009 Form W-5, Earned Income Credit Advance Payment Certificate, and the 2009 Formulario W-5(SP), Certificado del Pago por Adelantado del Crédito por Ingreso del Trabajo
If you downloaded Form W-5 or Formulario W-5(SP) before January 30, 2009, please note the following changes.
On page 1, we added the following section:
What's New
Definition of qualifying child revised. The following changes have been made to the definition of a qualifying child.
- Your qualifying child must be younger than you.
- A child cannot be your qualifying child if he or she files a joint return, unless the return was filed only as a claim for refund.
- If the parents of a child can claim the child as a qualifying child but no parent so claims the child, no one else can claim the child as a qualifying child unless that person's AGI is higher than the highest AGI of any parent of the child.
On page 3 of Form W-5 and page 2 of Formulario W-5(SP), item 2 under Who Is a Qualifying Child? has been revised to read:
"The child is younger than you, and at the end of 2009, the child is under age 19, or a full-time student under age 24, or any age and permanently and totally disabled.”
The corrected versions of the 2009 Form W-5 (Rev. January 2009) and the 2009 Formulario W-5(SP) (Rev. January 2009) are available for download.
--02-FEB-2009
New Form 941-X and instructions are now available.
The IRS has created new forms and procedures for correcting employment tax errors, effective for errors discovered after December 31, 2008. The new forms will reduce the employer's burden in making and tracking adjustments and increase the IRS's ability to ensure employment tax compliance, while at the same time improving service to employers in the form of fewer notices and other contacts. Also, the IRS is simultaneously revising the process for claiming refunds. Form 941c is obsolete with respect to errors discovered after December 31, 2008. Instead, a new series of “X” forms will be used, similar to the way Form 1040X is used to correct Form 1040. These "X" forms will also be used by employers instead of Form 843, Claim for Refund or Request for Abatement, to request a refund or abatement of overreported employment taxes.
The first of the new forms, Form 941-X, Adjusted Employer’s QUARTERLY Federal Tax Return or Claim for Refund and its instructions are now available. Additional information about correcting employment taxes is also available.
Each new “X” form will correspond to, and relate line-by-line with, the employment tax return it is correcting. For example, an employer who discovers an underpayment or overpayment error on a previously filed Form 941 will file Form 941-X to make a correction. We expect to make the remaining “X” forms available online in February 2009. These new “X” forms will correspond with:
- Form 943, Employer’s Annual Federal Tax Return for Agricultural Employees;
- Form 944, Employer’s ANNUAL Federal Tax Return;
- Form 945, Annual Return of Withheld Federal Income Tax
- Form CT-1, Employer's Annual Railroad Retirement Tax Return, and
- The Spanish versions of these forms—Forms 941-PR, 943-PR, 944-PR, and 944(SP).
Employers must file Form 941-X or the applicable “X” form when they discover (after December 31, 2008):
- Underreported employment taxes, and are making a payment.
- Overreported employment taxes, and want to apply the credit to the tax period in which the “X” form is filed or are requesting a refund or abatement of the overreported amount.
Note that the employer must file the “X” form by itself, not with its related employment tax return, and that a separate “X” form is required for each period being corrected.
--02-FEB-2009
Caution- Correction to the 2009 Form 1120-W, Estimated Tax for Corporations
If you downloaded the 2009 Form 1120-W, Estimated Tax for Corporations before January 30,2009, please note the following change.
On page 2, Part II, line 32 has been corrected. It now states:
"Subtract line 29 from Part I, line 1"
The corrected version of the 2009 Form 1120-W, Estimated Tax for Corporations is now available for download.
--30-JAN-2009
Caution — Correction to 2008 Instructions for Form 1040
On page 11, under Form 1099-INT, the correct place to report specified private activity bond interest reported in box 9 is Form 6251, line 12.
--13-JAN-2009
Caution — Change for Instructions for Form 1023, Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code (Rev. June 2006)
On page 4, under Where to File, the first address for regular mail delivery should be replaced with the following.
Internal Revenue Service
P.O. Box 12192
Covington, KY 41012-0192
The Instructions for Form 1023 will not be updated at this time; however, the correct address will be reflected in a future revision.
--08-JAN-2009
Caution - Changes for Form 1023, Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code (Rev. June 2006)
Changes for Form 1023 are necessary to comply with new regulations that eliminated the advance ruling process. Until Form 1023 is revised to reflect this change, please follow the directions on this change sheet when completing Part IX and Part X of Form 1023. For more information about the elimination of the advance ruling process, go to the Charities & Non-Profits tab.
Part IX - Financial Data
The instructions at the top of Part IX on page 9 of Form 1023 are now as follows:
For purposes of this schedule, years in existence refer to completed tax years.
- If in existence less than 5 years, complete the statement for each year in existence and provide projections of your likely revenues and expenses based on a reasonable and good faith estimate of your future finances for a total of:
- 3 years of financial information if you have not completed one tax year, or
- 4 years of financial information if you have completed one tax year.
- If in existence 5 or more years, complete the schedule for the most recent 5 tax years. You will need to provide a separate statement that includes information about the most recent 5 tax years because the data table in Part IX has not been updated to provide for a 5th year.
Part X - Public Charity Status
Do not complete line 6a on page 11 of Form 1023, and do not sign the form under heading “Consent Fixing Period of Limitations Upon Assessment of Tax Under Section 4940 of the Internal Revenue Code.” Only complete line 6b and line 7 on page 11 of Form 1023, if in existence 5 or more tax years.
Form 1023 Checklist
On page 28 under the last checkbox, the first address for regular mail delivery should be replaced with the following.
Internal Revenue Service
P.O. Box 12192
Covington, KY 41012-0192
Form 1023 will not be updated at this time; however, the correct address will be reflected in a future revision.
--08-JAN-2009
Annual Section 409A Deferrals Not Reportable on Form W-2 or Form 1099-MISC
Notice 2008-115 (in Internal Revenue Bulletin 2008-52, December 29, 2008) has modified the reporting requirements with regard to nonqualified deferred compensation (NQDC) plans under section 409A of the Internal Revenue Code.
Until the Treasury Department and the IRS issue further guidance, an employer is not required to report amounts deferred during the year under an NQDC plan subject to section 409A in box 12 of Form W-2 using code Y.
In addition, until the Treasury Department and the IRS issue further guidance, a payer is not required to report amounts deferred during the year under an NQDC plan subject to section 409A in box 15a of Form 1099-MISC.
Reporting requirements for income amounts under section 409A, in box 12 of Form W-2 using code Z and in box 15b of Form 1099-MISC, remain unchanged by this notice.
--08-JAN-2009
Clarifications to 2008 Instructions for Forms 1040, 1040A, and 1040EZ
The following clarifications apply to the 2008 Instructions for Forms 1040, 1040A, and 1040EZ. The paper and online versions of the instructions will not be revised.
On page 6 of the Form 1040 instructions, the tax relief described in "Tax relief for Midwestern disaster areas" applies to areas declared to be disaster areas by the President after May 19, 2008, and before August 1, 2008, as a result of severe storms, tornadoes, or flooding. For details, see Publication 4492-B (available early in 2009). This clarification also applies to the identical item on page 6 of the Form 1040A instructions and page 4 of the Form 1040EZ instructions.
On page 7 of the Form 1040 instructions, under "Allowance of certain personal credits against the AMT," the fifth bulleted item should read "Nonbusiness energy property credit."
On page 46 of the Form 1040 instructions, a taxpayer who is a member of a qualified joint venture that is a passive activity with rental real estate income not subject to self-employment tax should answer "Yes" to Question 4 of Step 2 and see Publication 596. In addition, this income should not be included on Worksheet B, Part 2, line 2b, on page 51 of the instructions. This also applies to the 2007 Instructions for Form 1040.
--08-JAN-2009
Notice — Final Release of Original Issue Discount (OID) Tables
The Internal Revenue Service has released the final original issue discount (OID) tables to include information received during November and December of 2008. The following changes have been made:
Section I-B: 5 securities have been deleted and 26 securities have been modified.
Section III-D: 12 Short Term Notes have been added
Section III-E: 1 Short Term Note has been added
Section III-F: 31 Short Term Notes have been added.
The 2008 tables are available in two formats text and PDF.
The 2008 OID tables in Microsoft Excel and HTML are available upon request at the following email address: Pub1212@irs.gov.
Prior year versions of the tables are also available.
You can also download the compressed (zipped) versions of the tables for the following prior years: 2002, 2001, 2000, 1999, 1998, 1997, 1996, 1995, and 1994.
--07-JAN-2009
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