CAMP LEJEUNE BASE TAX CENTER 2012 OPERATING SCHEDULE FREE TAX PREPARATION AND ELECTRONIC FILING

The Base Tax Center will open 17 January 2012 to prepare 2011 tax returns. Operating hours are as follows: Monday, Tuesday, Thursday and Friday 0800 2000. Wednesday Unit/Individual Appointment Day 0800 1600. For Unit and Individual Appointment telephone GySgt Pfeiler 451-5287. Saturday 0800 1200 (EZ Returns). When you go to the tax center, you will be asked to fill out a client intake sheet, which will help tax center personnel prepare your return. It also provides a checklist of required information and documents. For faster service, you can fill out this form in advance. Required Items: W-2 (wages or salaries from all employment during the year) Disability Income Interest from checking or saving account, bonds, CD, or brokerage account State tax refund (if itemized last year) Alimony income Pension and/or IRA distribution (1099) Unemployment Social Security or Rail Road Retirement Self Employment Other Income such as gambling winnings, awards, prizes and Jury duty Education expenses (1098T) Home mortgage payments (1098) Real Estate Tax Mortgage Insurance Premiums HUD Statements First Time Homebuyer Credit Energy Conservation Incentives Charitable contributions Child/dependent care expenses (Child care provider ID or SSN) Estimated tax payments Amounts of other income Bank Account Information to electronically file tax return (voided check or deposit slip) Social Security card for spouse married during year 2011 Power of Attorney if filing a joint return if spouse is not present Social Security or ITIN number for all dependents claimed on tax return Dividend information All rental property information if claiming rental income Old Tax Record (2010) For State Tax Return, County and School District Any Information you think will help properly prepare your tax return Note: -Individual Appointments are for difficult 1040 tax returns (rental/business income, etc) -Saturday is for non-difficult tax returns -Base Tax Center Located in Bldg 50 Lucy Brewer -We will prepare Tax Returns for the last three years. -If you are deployed, you and your spouse have 180 days from the time you leave the deployment area to prepare your tax return.

CAMP LEJEUNE BASE TAX CENTER 2012 OPERATING SCHEDULE FREE TAX PREPARATION AND ELECTRONIC FILING
2011 Earned Income Tax Credit Information Earned Income and adjusted gross income (AGI) must each be less than: $43,998 ($49,078 married filing jointly) with three or more qualifying children $40,964 ($46,044 married filing jointly) with two qualifying children $36,052 ($41,132 married filing jointly) with one qualifying child $13,660 ($18,740 married filing jointly) with no qualifying children The maximum EITC for 2011: $5,751 with three or more qualifying children $5,112 with two qualifying children $3,094 with one qualifying child $464 with no qualifying children INVESTMENT INCOME MUST BE $3,150 OR LESS TO CLAIM EIC. For more information on EITC go to www.irs.gov/eitc Filing Requirements Single $9,500 Single (65 and over) $10,950 Head of Household $12,200 Head of Household (65 and over) $13,650 Married Joint (Under 65) $19,000 Married Joint (One 65 or over) $20,150 Married Joint (Both 65 and over) $21,300 Married separate (any age) $3,700 Qualifying Widow(er) (under 65) $15,300 Qualifying Widow(er) (65 or over) $16,450 Standard Deduction Married Filing Joint $11,600 Single $5,800 Head of House Hold $8,500 Married Filing Separate $5,800 In order to itemized deductions, your amounts must be above the standard rates listed above. Personal Exemption Amounts The personal exemption amount is $3,700. Tax Brackets Tax brackets for 2011 remain at 10%, 15%, 25%, 28%, 33% and 35%.

CAMP LEJEUNE BASE TAX CENTER 2012 OPERATING SCHEDULE FREE TAX PREPARATION AND ELECTRONIC FILING
2011 Mileage Rates Optional Standard Mileage Rate (1 Jan 30 June) Optional Standard Mileage Rate (1 Jul 31 Dec) Medical Mileage Rate (1 Jan 30 June) Medical Mileage Rate (1 Jul 31 Dec) Moving Mileage Rate (1 Jan 30 June) Moving Mileage Rate (1 Jul 31 Dec) Charity Mileage Rate Definition of a Qualifying Child 24(1) provides that a qualifying child for purpose of the child tax credit, head of household, earned income credit, dependency exemption, and credit for child and dependent care expenses must be all of the following: (1) Relation test. The child must be your child (including adopted, stepchild, or eligible foster child), sibling, step sibling, or a descendent of one of these relatives. An eligible foster child is one that is placed in your home by an authorized placement agency or by judgment, decree or other court order. (2) Residency test. The child must live with you for more than half of the year. 51 cents 55.5 cents 19 cents 23.5 cents 19 cents 23.5 cents 14 cents

(3) Support test. The child cannot have provided over half of his or her own support during the year. Exception. For purposes of the EIC only, the support does not apply. (4) Age test. The child must be under a certain age (depending on the tax benefit) to be your qualifying child. Exemption, EITC and Head of Household status a child must be under 19 or a full-time student under 24 or any age if permanently and totally disabled. Child tax credit a child must be under 17. Child and dependent care credit a child must be under 13 or any age if permanently and totally disabled. *The qualifying child must be younger than the individual claiming the child. (5) Qualified Relative Rules (1) Member of Household or relationship (2) Gross Income (3) Citizenship (4) Joint Return (5) Support

A qualifying child of a person cannot be a qualifying relative of someone else. However, a child can be a qualifying relative if the parent doesnt have filing requirement or only files to get the federal tax withheld back.

CAMP LEJEUNE BASE TAX CENTER 2012 OPERATING SCHEDULE FREE TAX PREPARATION AND ELECTRONIC FILING
Head of Household To claim Head of Household status, taxpayer must be unmarried or legally separated and maintain either: - The main home of the taxpayers parent, who can be claimed as a dependent - A home in which the taxpayer resides for more than half the year with a : Qualifying child or Dependent As a result of the 2004 tax legislation, there are some taxpayers who will not qualify in 2010 for Head of Household filing status. They will be forced to file as single Charitable Contributions If you now contribute a car, boat or airplane to a qualified organization and you are claiming more than a $500 deduction you are required to receive a Form 1098C. If you do not get the form the most you can claim is $500. You must receive the form within 30 days of the vehicle being sold or within 30 days from the date of the contribution if the vehicle is to be materially improved or sold below fair market value to needy individual You cannot deduct cash contribution regardless of the amount unless you have a cancelled check or written confirmation from the charity with their name, date and amount contributed Non-cash contributions must be in good condition, all non-cash items that are valued at more than $500 must be appraised by a qualified appraiser. Qualified Charitable Distribution (QCD) Tax-free treatment of distributions from traditional and Roth IRAs for charitable purposes has been extended through December 31, 2011, with the following special rule. For QCDs made during January 2011, taxpayers can elect to have the distribution deemed to have been made on December 31, 2010. If the election is made, the QCD counts toward the 2010 exclusion limit of $100,000 as well as the 2010 minimum required distribution. Form 1098-MA Form 1098-MA, Mortgage Assistance Payments, is a new information return. The form is used to report to the IRS and homeowners the total amounts of certain mortgage assistance payments made to mortgage servicers. Mortgage assistance payments are not included in income. However, taxpayers cannot deduct the interest that is paid for them.