Filing Your Taxes Online is Fast, Easy and Secure.
Start now and receive your tax refund in as little as 7 days.

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

Find tax credits for everything from school tuition to buying a hybri

3. E-File for FREE

E-file free with direct deposit to get your refund in as few as 7 days.

Filing your taxes with paper mail can be difficult and it could take weeks for your refund to arrive. IRS e-file is easy, fast and secure. There is no paperwork going to the IRS so tax refunds can be processed in as little as 7 days with direct deposit. As you prepare your taxes online, you can see your tax refund in real time.

FREE audit support and representation from an enrolled agent – NEW and only from H&R Block

2012 Income Tax Form 1040

How To File An Amended Tax ReturnFederal Income Tax Forms 20111040 Tax FormsState Of Louisiana Amended Return Form 1040xMyfreetaxes Com2009 1040 Tax FormFile A 1040x Amended Return2011 Tax Tables 1040ezHttp Freeb Free1040taxreturn ComTaxact 20101040 Ez Form 2012Filing 1040nrState Free FileStudent TaxesPrint 1040ezWhere Can I File My 2012 Taxes Online For FreeAmend Tax ReturnsFiling Income Tax Online1040ez Free1040 Form1040ez 2013Taxes UnemployedDownload 1040ezHow To Amend Income Tax ReturnAmend Tax Return 2009State Tax Preparation Free1040 Tax FormFile Taxes Online Free 20111040 Easy1040ez FormHow To File 1040x OnlineFile An Amended Tax ReturnFile 2012 Tax ReturnsIrs 1040ezIrs Tax Forms 2011How To Amend Tax ReturnHelp Back Taxes1040ez TaxesHow To Amend Taxes OnlineIrs File Extension Online

2012 Income Tax Form 1040

2012 income tax form 1040 Listed Property Table of Contents Topics - This chapter discusses: Useful Items - You may want to see: Listed Property DefinedPassenger Automobile Defined Dwelling Unit Other Property Used for Transportation Computers and Related Peripheral Equipment Predominant Use TestMeeting the Predominant Use Test Qualified Business Use Method of Allocating Use Applying the Predominant Use Test Deductions After Recovery Period Leased PropertyLessor Lessee What Records Must Be KeptAdequate Records Reporting Information on Form 4562 Deductions in Later Years Appendix Topics - This chapter discusses: Listed property defined The predominant use test What records must be kept Useful Items - You may want to see: Publication 463 Travel, Entertainment, and Gift Expenses 587 Business Use of Your Home (Including Use by Day-Care Providers) 917 Business Use of a Car 946 How To Depreciate Property Form (and Instructions) 2106–EZ Unreimbursed Employee Business Expenses 2106 Employee Business Expenses 4255 Recapture of Investment Credit 4562 Depreciation and Amortization This chapter discusses some special rules and recordkeeping requirements for listed property. 2012 income tax form 1040 For complete coverage of the rules, including the rules concerning passenger automobiles, see Publication 946. 2012 income tax form 1040 If listed property is not used predominantly (more than 50%) in a qualified business use as discussed inPredominant Use Test, later, the section 179 deduction is not allowable and the property must be depreciated using the straight line method. 2012 income tax form 1040 Listed Property Defined Listed property is any of the following: Any passenger automobile (defined later), Any other property used for transportation, Any property of a type generally used for entertainment, recreation, or amusement (including photographic, phonographic, communication, and video recording equipment), Any computer and related peripheral equipment, defined later, unless it is used only at a regular business establishment and owned or leased by the person operating the establishment. 2012 income tax form 1040 A regular business establishment includes a portion of a dwelling unit (defined later), if, and only if, that portion is used both regularly and exclusively for business as discussed in Publication 587. 2012 income tax form 1040 Any cellular telephone (or similar telecommunication equipment) placed in service or leased in a tax year beginning after 1989. 2012 income tax form 1040 Passenger Automobile Defined A passenger automobile is any four-wheeled vehicle made primarily for use on public streets, roads, and highways and rated at 6,000 pounds or less of unloaded gross vehicle weight (at 6,000 pounds or less of gross vehicle weight for trucks and vans). 2012 income tax form 1040 It includes any part, component, or other item physically attached to the automobile or usually included in the purchase price of an automobile. 2012 income tax form 1040 A passenger automobile does not include: An ambulance, hearse, or combination ambulance-hearse used directly in a trade or business, and A vehicle used directly in the trade or business of transporting persons or property for compensation or hire. 2012 income tax form 1040 Dwelling Unit A dwelling unit is a house or apartment used to provide living accommodations in a building or structure. 2012 income tax form 1040 It does not include a unit in a hotel, motel, inn, or other establishment where more than half the units are used on a transient basis. 2012 income tax form 1040 Other Property Used for Transportation Other property used for transportation includes trucks, buses, boats, airplanes, motorcycles, and any other vehicles for transporting persons or goods. 2012 income tax form 1040 Listed property does not include: Any vehicle which, by reason of its design, is not likely to be used more than a minimal amount for personal purposes, such as clearly marked police and fire vehicles, ambulances, or hearses used for those purposes, Any vehicle that is designed to carry cargo and that has a loaded gross vehicle weight over 14,000 pounds, bucket trucks (cherry pickers), cement mixers, combines, cranes and derricks, delivery trucks with seating only for the driver (or only for the driver plus a folding jump seat), dump trucks (including garbage trucks), flatbed trucks, forklifts, qualified moving vans, qualified specialized utility repair trucks, and refrigerated trucks, Any passenger bus used for that purpose with a capacity of at least 20 passengers and school buses, Any tractor or other special purpose farm vehicle, and unmarked vehicles used by law enforcement officers if the use is officially authorized, and Any vehicle, such as a taxicab, if substantially all its use is in the trade or business of providing services to transport persons or property for compensation or hire by unrelated persons. 2012 income tax form 1040 Computers and Related Peripheral Equipment A computer is a programmable electronically activated device that: Is capable of accepting information, applying prescribed processes to the information, and supplying the results of those processes with or without human intervention, and Consists of a central processing unit with extensive storage, logic, arithmetic, and control capabilities. 2012 income tax form 1040 Related peripheral equipment is any auxiliary machine which is designed to be controlled by the central processing unit of a computer. 2012 income tax form 1040 Computer or peripheral equipment does not include: Any equipment which is an integral part of property which is not a computer, Typewriters, calculators, adding and accounting machines, copiers, duplicating equipment, and similar equipment, and Equipment of a kind, used primarily for the user's amusement or entertainment, such as video games. 2012 income tax form 1040 Predominant Use Test If “listed property,” defined earlier, placed in service after June 18, 1984, is not used predominantly (more than 50%) in a qualified business use during any tax year: The section 179 deduction on the property is not allowable, and You must depreciate the property using the straight line method. 2012 income tax form 1040 Listed property placed in service before 1987. 2012 income tax form 1040   For listed property placed in service before 1987, depreciate the property over the following period: Class of Property Listed Property Recovery Period 3-year property 5 years 5-year property 12 years 10-year property 25 years 18-year real property 40 years 19-year real property 40 years If you must use the above recovery periods for listed property not used predominantly in a trade or business, use the percentages from Table 16 titled Listed Property Not Used Predominantly (Other Than 18- or 19-year Real Property), and Table 17 for 18- or 19-year real property, near the end of this publication in the Appendix. 2012 income tax form 1040 Listed property placed in service after 1986. 2012 income tax form 1040   For information on listed property placed in service after 1986, see Publication 946. 2012 income tax form 1040 Meeting the Predominant Use Test Listed property meets the predominant use test for any tax year if its business use is more than 50% of its total use. 2012 income tax form 1040 You must allocate the use of any item of listed property used for more than one purpose during the tax year among its various uses. 2012 income tax form 1040 The percentage of investment use of listed property cannot be used as part of the percentage of qualified business use to meet the predominant use test. 2012 income tax form 1040 However, the combined total of business and investment use is taken into account to figure your depreciation deduction for the property. 2012 income tax form 1040 Note: Property does not stop being predominantly used in a qualified business use because of a transfer at death. 2012 income tax form 1040 Example. 2012 income tax form 1040 Sarah Bradley uses a home computer 50% of the time to manage her investments. 2012 income tax form 1040 She also uses the computer 40% of the time in her part-time consumer research business. 2012 income tax form 1040 Sarah's home computer is listed property because it is not used at a regular business establishment. 2012 income tax form 1040 Because her business use of the computer does not exceed 50%, the computer is not predominantly used in a qualified business use for the tax year. 2012 income tax form 1040 Because she does not meet the predominant use test, she cannot elect a section 179 deduction for this property. 2012 income tax form 1040 Her combined rate of business/investment use for determining her depreciation deduction is 90%. 2012 income tax form 1040 Qualified Business Use A qualified business use is any use in your trade or business. 2012 income tax form 1040 However, it does not include: The use of property held merely to produce income (investment use), The leasing of property to any 5% owner or related person (to the point that the property is used by a 5% owner or person related to the owner or lessee of the property), The use of property as compensation for the performance of services by a 5% owner or related person, or The use of property as compensation for the performance of services by any person (other than a5% owner or related person) unless the value of the use is included in that person's gross income for the use of the property and income tax is withheld on that amount where required. 2012 income tax form 1040 See Employees, later. 2012 income tax form 1040 5% owner. 2012 income tax form 1040   A 5% owner of a business, other than a corporation, is any person who owns more than 5% of the capital or profits interest in the business. 2012 income tax form 1040   A 5% owner of a corporation is any person who owns, or is considered to own: More than 5% of the outstanding stock of the corporation, or Stock possessing more than 5% of the total combined voting power of all stock in the corporation. 2012 income tax form 1040 Related person. 2012 income tax form 1040   A related person is anyone related to a taxpayer as discussed under Related persons, in chapter 2 under Nonqualifying Property in Publication 946. 2012 income tax form 1040 Entertainment Use The use of listed property for entertainment, recreation, or amusement purposes is treated as a qualified business use only to the extent that expenses (other than interest and property tax expenses) for its use are deductible as ordinary and necessary business expenses. 2012 income tax form 1040 See Publication 463. 2012 income tax form 1040 Leasing or Compensatory Use of Aircraft If at least 25% of the total use of any aircraft during the tax year is for a qualified business use, the leasing or compensatory use of the aircraft by a 5% owner or related person is treated as a qualified business use. 2012 income tax form 1040 Commuting The use of a vehicle for commuting is not business use, regardless of whether work is performed during the trip. 2012 income tax form 1040 Use of Your Passenger Automobile by Another Person If someone else uses your automobile, that use is not business use unless: That use is directly connected with your business, The value of the use is property reported by you as income to the other person and tax is withheld on the income where required, or The value of the use results in a payment of fair market rent. 2012 income tax form 1040 Any payment to you for the use of the automobile is treated as a rent payment for 3). 2012 income tax form 1040 Employees Any use by an employee of his or her own listed property (or listed property rented by an employee) in performing services as an employee is not business use unless: The use is for the employer's convenience, and The use is required as a condition of employment. 2012 income tax form 1040 Use for the employer's convenience. 2012 income tax form 1040   Whether the use of listed property is for the employer's convenience must be determined from all the facts. 2012 income tax form 1040 The use is for the employer's convenience if it is for a substantial business reason of the employer. 2012 income tax form 1040 The use of listed property during the employee's regular working hours to carry on the employer's business is generally for the employer's convenience. 2012 income tax form 1040 Use required as a condition of employment. 2012 income tax form 1040   Whether the use of listed property is a condition of employment depends on all the facts and circumstances. 2012 income tax form 1040 The use of property must be required for the employee to perform duties properly. 2012 income tax form 1040 The employer need not explicitly require the employee to use the property. 2012 income tax form 1040 A mere statement by the employer that the use of the property is a condition of employment is not sufficient. 2012 income tax form 1040 Example 1. 2012 income tax form 1040 Virginia Sycamore is employed as a courier with We Deliver which provides local courier services. 2012 income tax form 1040 She owns and uses a motorcycle to deliver packages to downtown offices. 2012 income tax form 1040 We Deliver explicitly requires all delivery persons to own a small car or motorcycle for use in their employment. 2012 income tax form 1040 The company reimburses delivery persons for their costs. 2012 income tax form 1040 Virginia's use of the motorcycle is for the convenience of We Deliver and is required as a condition of employment. 2012 income tax form 1040 Example 2. 2012 income tax form 1040 Bill Nelson is an inspector for Uplift, a construction company with many sites in the local area. 2012 income tax form 1040 He must travel to these sites on a regular basis. 2012 income tax form 1040 Uplift does not furnish an automobile or explicitly require him to use his own automobile. 2012 income tax form 1040 However, it reimburses him for any costs he incurs in traveling to the various sites. 2012 income tax form 1040 The use of his own automobile or a rental automobile is for the convenience of Uplift and is required as a condition of employment. 2012 income tax form 1040 Method of Allocating Use For passenger automobiles and other means of transportation, allocate the property's use on the basis of mileage. 2012 income tax form 1040 You determine the percentage of qualified business use by dividing the number of miles the vehicle is driven for business purposes during the year by the total number of miles the vehicle is driven for all purposes (including business miles) during the year. 2012 income tax form 1040 For other items of listed property, allocate the property's use on the basis of the most appropriate unit of time. 2012 income tax form 1040 For example, you can determine the percentage of business use of a computer by dividing the number of hours the computer is used for business purposes during the year by the total number of hours the computer is used for all purposes (including business hours) during the year. 2012 income tax form 1040 Applying the Predominant Use Test You must apply the predominant use test for an item of listed property each year of the recovery period. 2012 income tax form 1040 First Recovery Year If any item of listed property is not used predominantly in a qualified business use in the year it is placed in service: The property is not eligible for a section 179 deduction, and The depreciation deduction must be figured using the straight line method. 2012 income tax form 1040 Note: The required use of the straight line method for an item of listed property that does not meet the predominant use test is not the same as electing the straight line method. 2012 income tax form 1040 It does not mean that you have to use the straight line method for other property in the same class as the item of listed property. 2012 income tax form 1040 Years After the First Recovery Year If you use listed property predominantly (more than 50%) in a qualified business use in the tax year you place it in service, but not in a subsequent tax year during the recovery period, the following rules apply: Figure depreciation using the straight line method. 2012 income tax form 1040 Do this for each year, beginning with the year you no longer use the property predominantly in a qualified business use, and Figure any excess depreciation on the property and add it to: Your gross income, and The adjusted basis of your property. 2012 income tax form 1040 See Recapture of excess depreciation, next. 2012 income tax form 1040 Recapture of excess depreciation. 2012 income tax form 1040   You must include any excess depreciation in your gross income for the first tax year the property is not predominantly used in a qualified business use. 2012 income tax form 1040 Any excess depreciation must also be added to the adjusted basis of your property. 2012 income tax form 1040 Excess depreciation is the excess (if any) of: The amount of depreciation allowable for the property (including any section 179 deduction claimed) for tax years before the first tax year the property was not predominantly used in a qualified business use, over The amount of depreciation that would have been allowable for those years if the property were not used predominantly in a qualified business use for the year it was placed in service. 2012 income tax form 1040 This means you figure your depreciation using the percentages fromTable 16 or 17. 2012 income tax form 1040 For information on investment credit recapture, see the instructions for Form 4255. 2012 income tax form 1040 Deductions After Recovery Period When listed property (other than passenger automobiles) is used for business, investment, and personal purposes, no deduction is ever allowable for the personal use. 2012 income tax form 1040 In tax years after the recovery period, you must determine if there is any unrecovered basis remaining before you compute the depreciation deduction for that tax year. 2012 income tax form 1040 To make this determination, figure the depreciation for earlier tax years as if your property were used 100% for business or investment purposes, beginning with the first tax year in which some or all use is for business or investment. 2012 income tax form 1040 See Car Used 50% or Less for Business in Publication 917. 2012 income tax form 1040 Leased Property The limitations on cost recovery deductions apply to the rental of listed property. 2012 income tax form 1040 The following discussion covers the rules that apply to the lessor (the owner of the property) and the lessee (the person who rents the property from the owner). 2012 income tax form 1040 SeeLeasing a Car in Publication 917 for a discussion of leased passenger automobiles. 2012 income tax form 1040 Lessor The limitations on cost recovery generally do not apply to any listed property leased or held for leasing by anyone regularly engaged in the business of leasing listed property. 2012 income tax form 1040 A person is considered regularly engaged in the business of leasing listed property only if contracts for leasing of listed property are entered into with some frequency over a continuous period of time. 2012 income tax form 1040 This determination is made on the basis of the facts and circumstances in each case and takes into account the nature of the person's business in its entirety. 2012 income tax form 1040 Occasional or incidental leasing activity is insufficient. 2012 income tax form 1040 For example, a person leasing only one passenger automobile during a tax year is not regularly engaged in the business of leasing automobiles. 2012 income tax form 1040 An employer who allows an employee to use the employer's property for personal purposes and charges the employee for the use is not regularly engaged in the business of leasing the property used by the employee. 2012 income tax form 1040 Lessee A lessee of listed property (other than passenger automobiles), must include an amount in gross income called the inclusion amount for the first tax year the property is not used predominantly in a qualified business use. 2012 income tax form 1040 Inclusion amount for property leased before 1987. 2012 income tax form 1040   You determine the inclusion amount for property leased after June 18, 1984 and before 1987 by multiplying the fair market value of the property by both the average business/investment use percentage and the applicable percentage. 2012 income tax form 1040 You can find the applicable percentages for listed property that is 5- or 10-year recovery property in Tables 19 or 20 in Appendix A of Publication 946. 2012 income tax form 1040   The lease term for listed property other than 18- or 19-year real property, and residential rental or nonresidential real property, includes options to renew. 2012 income tax form 1040 For 18- or 19-year real property and residential rental or nonresidential real property that is listed property, the period of the lease does not include any option to renew at fair market value, determined at the time of renewal. 2012 income tax form 1040 You treat two or more successive leases that are part of the same transaction (or a series of related transactions) for the same or substantially similar property as one lease. 2012 income tax form 1040 Special rules. 2012 income tax form 1040   The lessee adds the inclusion amount to gross income in the next tax year if: The lease term begins within 9 months before the close of the lessee's tax year, The lessee does not use the property predominantly in a qualified business use during that portion of the tax year, and The lease term continues into the lessee's next tax year. 2012 income tax form 1040 The lessee determines the inclusion amount by taking into account the average of the business/investment use for both tax years and the applicable percentage for the tax year the lease term begins. 2012 income tax form 1040   If the lease term is less than one year, the amount included in gross income is the amount that bears the same ratio to the additional inclusion amount as the number of days in the lease term bears to 365. 2012 income tax form 1040 Maximum inclusion amount. 2012 income tax form 1040   The inclusion amount cannot be more than the sum of the deductible amounts of rent allocable to the lessee's tax year in which the amount must be included in gross income. 2012 income tax form 1040 What Records Must Be Kept You cannot take any depreciation or section 179 deduction for the use of listed property (including passenger automobiles) unless you can prove business/investment use with adequate records or sufficient evidence to support your own statements. 2012 income tax form 1040 How long to keep records. 2012 income tax form 1040   For listed property, records must be kept for as long as any excess depreciation can be recaptured (included in income). 2012 income tax form 1040 Adequate Records To meet the adequate records requirement, you must maintain an account book, diary, log, statement of expense, trip sheet, or similar record or other documentary evidence that, together with the receipt, is sufficient to establish each element of an expenditure or use. 2012 income tax form 1040 It is not necessary to record information in an account book, diary, or similar record if the information is already shown on the receipt. 2012 income tax form 1040 However, your records should back up your receipts in an orderly manner. 2012 income tax form 1040 Elements of Expenditure or Use The records or other documentary evidence must support: The amount of each separate expenditure, such as the cost of acquiring the item, maintenance and repair costs, capital improvement costs, lease payments, and any other expenses, The amount of each business and investment use (based on an appropriate measure, such as mileage for vehicles and time for other listed property), and the total use of the property for the tax year, The date of the expenditure or use, and The business or investment purpose for the expenditure or use. 2012 income tax form 1040 Written documents of your expenditure or use are generally better evidence than oral statements alone. 2012 income tax form 1040 A written record prepared at or near the time of the expenditure or use has greater value as proof of the expenditure or use. 2012 income tax form 1040 A daily log is not required. 2012 income tax form 1040 However, some type of record containing the elements of an expenditure or the business or investment use of listed property made at or near the time and backed up by other documents is preferable to a statement prepared later. 2012 income tax form 1040 Timeliness The elements of an expenditure or use must be recorded at the time you have full knowledge of the elements. 2012 income tax form 1040 An expense account statement made from an account book, diary, or similar record prepared or maintained at or near the time of the expenditure or use is generally considered a timely record if in the regular course of business: The statement is submitted by an employee to the employer, or The statement is submitted by an independent contractor to the client or customer. 2012 income tax form 1040 For example, a log maintained on a weekly basis, which accounts for use during the week, will be considered a record made at or near the time of use. 2012 income tax form 1040 Business Purpose Supported An adequate record of business purpose must generally be in the form of a written statement. 2012 income tax form 1040 However, the amount of backup necessary to establish a business purpose depends on the facts and circumstances of each case. 2012 income tax form 1040 A written explanation of the business purpose will not be required if the purpose can be determined from the surrounding facts and circumstances. 2012 income tax form 1040 For example, a salesperson visiting customers on an established sales route will not normally need a written explanation of the business purpose of his or her travel. 2012 income tax form 1040 Business Use Supported An adequate record contains enough information on each element of every business or investment use. 2012 income tax form 1040 The amount of detail required to support the use depends on the facts and circumstances. 2012 income tax form 1040 For example, a taxpayer whose only business use of a truck is to make customer deliveries on an established route can satisfy the requirement by recording the length of the route, including the total number of miles driven during the tax year and the date of each trip at or near the time of the trips. 2012 income tax form 1040 Although an adequate record generally must be written, a record of the business use of listed property, such as a computer or automobile, can be prepared in a computer memory device using a logging program. 2012 income tax form 1040 Separate or Combined Expenditures or Uses Each use by you is normally considered a separate use. 2012 income tax form 1040 However, repeated uses can be combined as a single item. 2012 income tax form 1040 Each expenditure is recorded as a separate item and not combined with other expenditures. 2012 income tax form 1040 If you choose, however, amounts spent for the use of listed property during a tax year, such as for gasoline or automobile repairs, can be combined. 2012 income tax form 1040 If these expenses are combined, you do not need to support the business purpose of each expense. 2012 income tax form 1040 Instead, you can divide the expenses based on the total business use of the listed property. 2012 income tax form 1040 Uses which can be considered part of a single use, such as a round trip or uninterrupted business use, can be accounted for by a single record. 2012 income tax form 1040 For example, use of a truck to make deliveries at several locations which begin and end at the business premises and can include a stop at the business in between deliveries can be accounted for by a single record of miles driven. 2012 income tax form 1040 Use of a passenger automobile by a salesperson for a business trip away from home over a period of time can be accounted for by a single record of miles traveled. 2012 income tax form 1040 Minimal personal use (such as a stop for lunch between two business stops) is not an interruption of business use. 2012 income tax form 1040 Confidential Information If any of the information on the elements of an expenditure or use is confidential, it does not need to be in the account book or similar record if it is recorded at or near the time of the expenditure or use. 2012 income tax form 1040 It must be kept elsewhere and made available as support to the district director on request. 2012 income tax form 1040 Substantial Compliance If you have not fully supported a particular element of an expenditure or use, but have complied with the adequate records requirement for the expenditure or use to the district director's satisfaction, you can establish this element by any evidence the district director deems adequate. 2012 income tax form 1040 If you fail to establish that you have substantially complied with the adequate records requirement for an element of an expenditure or use to the district director's satisfaction, you must establish the element: By your own oral or written statement containing detailed information as to the element, and By other evidence sufficient to establish the element. 2012 income tax form 1040 If the element is the cost or amount, time, place, or date of an expenditure or use, its supporting evidence must be direct, such as oral testimony by witnesses or a written statement setting forth detailed information about the element or the documentary evidence. 2012 income tax form 1040 If the element is the business purpose of an expenditure, its supporting evidence can be circumstantial evidence. 2012 income tax form 1040 Sampling You can maintain an adequate record for portions of a tax year and use that record to support your business and investment use for the entire tax year if it can be shown by other evidence that the periods for which an adequate record is maintained are representative of use throughout the year. 2012 income tax form 1040 Loss of Records When you establish that failure to produce adequate records is due to loss of the records through circumstances beyond your control, such as through fire, flood, earthquake, or other casualty, you have the right to support a deduction by reasonable reconstruction of your expenditures and use. 2012 income tax form 1040 Reporting Information on Form 4562 If you claim a deduction for any listed property, you must provide the requested information on page 2, Section B of Form 4562. 2012 income tax form 1040 If you claim a deduction for any vehicle, you must answer certain questions onpage 2 of Form 4562 to provide information about the vehicle use. 2012 income tax form 1040 Employees. 2012 income tax form 1040   Employees claiming the standard mileage rate or actual expenses (including depreciation) must use Form 2106 instead of Part V of Form 4562. 2012 income tax form 1040 Employees claiming the standard mileage rate may be able to use Form 2106–EZ. 2012 income tax form 1040 Employer who provides vehicles to employees. 2012 income tax form 1040   An employer who provides vehicles to employees must obtain enough information from those employees to provide the requested information onForm 4562. 2012 income tax form 1040   An employer who provides more than five vehicles to employees need not include any information on his or her tax return. 2012 income tax form 1040 Instead, the employer must obtain the information from his or her employees and indicate on his or her return that the information was obtained and is being retained. 2012 income tax form 1040   You do not need to provide the information requested on page 2 of Form 4562 if, as an employer: You can satisfy the requirements of a written policy statement for vehicles either not used for personal purposes, or not used for personal purposes other than commuting, or You treat all vehicle use by employees as personal use. 2012 income tax form 1040 See the instructions for Form 4562. 2012 income tax form 1040 Deductions in Later Years When listed property is used for business, investment, and personal purposes, no deduction is allowable for its personal use either in the current year or any later tax year. 2012 income tax form 1040 In later years, you must determine if there is any remaining unadjusted or unrecovered basis before you compute the depreciation deduction for that tax year. 2012 income tax form 1040 In making this determination, figure the depreciation deductions for earlier tax years as if the listed property were used 100% for business or investment purposes in those years, beginning with the first tax year in which some or all of the property use is for business or investment. 2012 income tax form 1040 For more information about deductions after the recovery period for automobiles, see Publication 917. 2012 income tax form 1040 Appendix The following tables are for use in figuring depreciation deductions under the ACRS system. 2012 income tax form 1040 Table 1. 2012 income tax form 1040 15-Year Real Property* (Other Than Low-Inclome Housing) Table 3. 2012 income tax form 1040 Low-Income Housing* Table 6 - Table 9 Table 6 - Table 9 Table 10 - Table 13 Table 14 - Table 17 Prev  Up  Next   Home   More Online Publications
Español

Disasters and Emergencies

Resources and information concerning natural disasters.

Prepare for Disasters and Emergencies

Emergencies and natural disasters can cause anything from mild to devastating damage. There are many simple steps you can take to be prepared and able to respond to a natural disaster or emergency. To begin, we suggest three basic steps:


The 2012 Income Tax Form 1040

2012 income tax form 1040 Publication 901 - Introductory Material Table of Contents Future Developments Reminders IntroductionOrdering forms and publications. 2012 income tax form 1040 Tax questions. 2012 income tax form 1040 Obtaining copies of treaties. 2012 income tax form 1040 Useful Items - You may want to see: Future Developments For the latest information about developments related to Publication 901, such as treaties effective after it was published, go to www. 2012 income tax form 1040 irs. 2012 income tax form 1040 gov/pub901. 2012 income tax form 1040 Reminders Disclosure of a treaty-based position that reduces your tax. 2012 income tax form 1040  If you take the position that any U. 2012 income tax form 1040 S. 2012 income tax form 1040 tax is overruled or otherwise reduced by a U. 2012 income tax form 1040 S. 2012 income tax form 1040 treaty (a treaty-based position), you generally must disclose that position on your affected return. 2012 income tax form 1040 See Application of Treaties, later. 2012 income tax form 1040 U. 2012 income tax form 1040 S. 2012 income tax form 1040 –U. 2012 income tax form 1040 S. 2012 income tax form 1040 S. 2012 income tax form 1040 R. 2012 income tax form 1040 income tax treaty. 2012 income tax form 1040  The U. 2012 income tax form 1040 S. 2012 income tax form 1040 –U. 2012 income tax form 1040 S. 2012 income tax form 1040 S. 2012 income tax form 1040 R. 2012 income tax form 1040 income tax treaty remains in effect for the following members of the Commonwealth of Independent States: Armenia, Azerbaijan, Belarus, Georgia, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, and Uzbekistan. 2012 income tax form 1040 That treaty will remain in effect until new treaties with these individual countries are negotiated and ratified. 2012 income tax form 1040 Provisions of the U. 2012 income tax form 1040 S. 2012 income tax form 1040 –U. 2012 income tax form 1040 S. 2012 income tax form 1040 S. 2012 income tax form 1040 R. 2012 income tax form 1040 income tax treaty are discussed in this publication under Commonwealth of Independent States. 2012 income tax form 1040 U. 2012 income tax form 1040 S. 2012 income tax form 1040 –China income tax treaty. 2012 income tax form 1040  The U. 2012 income tax form 1040 S. 2012 income tax form 1040 –China income tax treaty does not apply to Hong Kong. 2012 income tax form 1040 Introduction This publication will tell you whether a tax treaty between the United States and a particular country offers a reduced rate of, or possibly a complete exemption from, U. 2012 income tax form 1040 S. 2012 income tax form 1040 income tax for residents of that particular country. 2012 income tax form 1040 Tables in the back of this publication show the countries that have income tax treaties with the United States, the tax rates on different kinds of income, and the kinds of income that are exempt from tax. 2012 income tax form 1040 You should use this publication only for quick reference. 2012 income tax form 1040 It is not a complete guide to all provisions of every income tax treaty. 2012 income tax form 1040 Comments and suggestions. 2012 income tax form 1040   We welcome your comments about this publication and your suggestions for future editions. 2012 income tax form 1040   You can write to us at the following address: Internal Revenue Service Business Forms and Publications Branch SE:W:CAR:MP:T:B 1111 Constitution Ave. 2012 income tax form 1040 NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. 2012 income tax form 1040 Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. 2012 income tax form 1040   You can email us at taxforms@irs. 2012 income tax form 1040 gov. 2012 income tax form 1040 Please put “Publications Comment” on the subject line. 2012 income tax form 1040 You can also send us comments from www. 2012 income tax form 1040 irs. 2012 income tax form 1040 gov/formspubs. 2012 income tax form 1040 Select “Comment on Tax Forms and Publications” under “Information About. 2012 income tax form 1040 ”   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. 2012 income tax form 1040 Ordering forms and publications. 2012 income tax form 1040   Visit www. 2012 income tax form 1040 irs. 2012 income tax form 1040 gov/formspubs to download forms and publications, call 1-800-829-3676, or write to the address below and receive a response within 10 days after your request is received. 2012 income tax form 1040 Internal Revenue Service 1201 N. 2012 income tax form 1040 Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. 2012 income tax form 1040   If you have a tax question, check the information available on IRS. 2012 income tax form 1040 gov or call 1-800-829-1040. 2012 income tax form 1040 We cannot answer tax questions sent to either of the above addresses. 2012 income tax form 1040 Obtaining copies of treaties. 2012 income tax form 1040   You can get complete information about treaty provisions from the taxing authority in the country from which you receive income or from the treaty itself. 2012 income tax form 1040   You can obtain the text of most of the treaties at www. 2012 income tax form 1040 irs. 2012 income tax form 1040 gov/businesses/international. 2012 income tax form 1040 You can also obtain the text of most of the treaties at the following address: Department of the Treasury Office of Public Correspondence 1500 Pennsylvania Ave. 2012 income tax form 1040 NW — Rm. 2012 income tax form 1040 3419 Washington, D. 2012 income tax form 1040 C. 2012 income tax form 1040 20220 If you have specific questions about a treaty, you can get this information from most Internal Revenue Service offices or from: Internal Revenue Service International Section Philadelphia, PA 19255-0725 Useful Items - You may want to see: Publication 519 U. 2012 income tax form 1040 S. 2012 income tax form 1040 Tax Guide for Aliens 597 Information on the United States–Canada Income Tax Treaty Form (and Instructions) 8833 Treaty-Based Return Position Disclosure Under Section 6114 or 7701(b) See How To Get Tax Help near the end of this publication for information about getting these publications and forms. 2012 income tax form 1040 Prev  Up  Next   Home   More Online Publications