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Fle 2012 Taxes Late Online Tax Filing

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Fle 2012 Taxes Late Online Tax Filing

Fle 2012 taxes late online tax filing 2. Fle 2012 taxes late online tax filing   Entertainment Table of Contents Directly-Related Test Associated TestMeetings at conventions. Fle 2012 taxes late online tax filing 50% LimitExceptions to the 50% Limit What Entertainment Expenses Are Deductible?A meal as a form of entertainment. Fle 2012 taxes late online tax filing Deduction may depend on your type of business. Fle 2012 taxes late online tax filing Exception for events that benefit charitable organizations. Fle 2012 taxes late online tax filing Food and beverages in skybox seats. Fle 2012 taxes late online tax filing What Entertainment Expenses Are Not Deductible?Out-of-pocket expenses. Fle 2012 taxes late online tax filing You may be able to deduct business-related entertainment expenses you have for entertaining a client, customer, or employee. Fle 2012 taxes late online tax filing The rules and definitions are summarized in Table 2-1 . Fle 2012 taxes late online tax filing You can deduct entertainment expenses only if they are both ordinary and necessary and meet one of the following tests. Fle 2012 taxes late online tax filing Directly-related test. Fle 2012 taxes late online tax filing Associated test. Fle 2012 taxes late online tax filing Both of these tests are explained later. Fle 2012 taxes late online tax filing An ordinary expense is one that is common and accepted in your trade or business. Fle 2012 taxes late online tax filing A necessary expense is one that is helpful and appropriate for your business. Fle 2012 taxes late online tax filing An expense does not have to be required to be considered necessary. Fle 2012 taxes late online tax filing The amount you can deduct for entertainment expenses may be limited. Fle 2012 taxes late online tax filing Generally, you can deduct only 50% of your unreimbursed entertainment expenses. Fle 2012 taxes late online tax filing This limit is discussed later under 50% Limit. Fle 2012 taxes late online tax filing Directly-Related Test To meet the directly-related test for entertainment expenses (including entertainment-related meals), you must show that: The main purpose of the combined business and entertainment was the active conduct of business, You did engage in business with the person during the entertainment period, and You had more than a general expectation of getting income or some other specific business benefit at some future time. Fle 2012 taxes late online tax filing Business is generally not considered to be the main purpose when business and entertainment are combined on hunting or fishing trips, or on yachts or other pleasure boats. Fle 2012 taxes late online tax filing Even if you show that business was the main purpose, you generally cannot deduct the expenses for the use of an entertainment facility. Fle 2012 taxes late online tax filing See Entertainment facilities under What Entertainment Expenses Are Not Deductible? later in this chapter. Fle 2012 taxes late online tax filing You must consider all the facts, including the nature of the business transacted and the reasons for conducting business during the entertainment. Fle 2012 taxes late online tax filing It is not necessary to devote more time to business than to entertainment. Fle 2012 taxes late online tax filing However, if the business discussion is only incidental to the entertainment, the entertainment expenses do not meet the directly-related test. Fle 2012 taxes late online tax filing Table 2-1. Fle 2012 taxes late online tax filing When Are Entertainment Expenses Deductible? General rule You can deduct ordinary and necessary expenses to entertain a client, customer, or employee if the expenses meet the directly-related test or the associated test. Fle 2012 taxes late online tax filing Definitions Entertainment includes any activity generally considered to provide entertainment, amusement, or recreation, and includes meals provided to a customer or client. Fle 2012 taxes late online tax filing An ordinary expense is one that is common and accepted in your trade or business. Fle 2012 taxes late online tax filing A necessary expense is one that is helpful and appropriate. Fle 2012 taxes late online tax filing Tests to be met Directly-related test Entertainment took place in a clear business setting, or Main purpose of entertainment was the active conduct of business, and You did engage in business with the person during the entertainment period, and You had more than a general expectation of getting income or some other specific business benefit. Fle 2012 taxes late online tax filing   Associated test Entertainment is associated with your trade or business, and Entertainment is directly before or after a substantial business discussion. Fle 2012 taxes late online tax filing Other rules You cannot deduct the cost of your meal as an entertainment expense if you are claiming the meal as a travel expense. Fle 2012 taxes late online tax filing You cannot deduct expenses that are lavish or extravagant under the circumstances. Fle 2012 taxes late online tax filing You generally can deduct only 50% of your unreimbursed entertainment expenses (see 50% Limit ). Fle 2012 taxes late online tax filing You do not have to show that business income or other business benefit actually resulted from each entertainment expense. Fle 2012 taxes late online tax filing Clear business setting. Fle 2012 taxes late online tax filing   If the entertainment takes place in a clear business setting and is for your business or work, the expenses are considered directly related to your business or work. Fle 2012 taxes late online tax filing The following situations are examples of entertainment in a clear business setting. Fle 2012 taxes late online tax filing Entertainment in a hospitality room at a convention where business goodwill is created through the display or discussion of business products. Fle 2012 taxes late online tax filing Entertainment that is mainly a price rebate on the sale of your products (such as a restaurant owner providing an occasional free meal to a loyal customer). Fle 2012 taxes late online tax filing Entertainment of a clear business nature occurring under circumstances where there is no meaningful personal or social relationship between you and the persons entertained. Fle 2012 taxes late online tax filing An example is entertainment of business and civic leaders at the opening of a new hotel or play when the purpose is to get business publicity rather than to create or maintain the goodwill of the persons entertained. Fle 2012 taxes late online tax filing Expenses not considered directly related. Fle 2012 taxes late online tax filing   Entertainment expenses generally are not considered directly related if you are not there or in situations where there are substantial distractions that generally prevent you from actively conducting business. Fle 2012 taxes late online tax filing The following are examples of situations where there are substantial distractions. Fle 2012 taxes late online tax filing A meeting or discussion at a nightclub, theater, or sporting event. Fle 2012 taxes late online tax filing A meeting or discussion during what is essentially a social gathering, such as a cocktail party. Fle 2012 taxes late online tax filing A meeting with a group that includes persons who are not business associates at places such as cocktail lounges, country clubs, golf clubs, athletic clubs, or vacation resorts. Fle 2012 taxes late online tax filing Associated Test Even if your expenses do not meet the directly-related test, they may meet the associated test. Fle 2012 taxes late online tax filing To meet the associated test for entertainment expenses (including entertainment-related meals), you must show that the entertainment is: Associated with the active conduct of your trade or business, and Directly before or after a substantial business discussion (defined later). Fle 2012 taxes late online tax filing Associated with trade or business. Fle 2012 taxes late online tax filing   Generally, an expense is associated with the active conduct of your trade or business if you can show that you had a clear business purpose for having the expense. Fle 2012 taxes late online tax filing The purpose may be to get new business or to encourage the continuation of an existing business relationship. Fle 2012 taxes late online tax filing Substantial business discussion. Fle 2012 taxes late online tax filing   Whether a business discussion is substantial depends on the facts of each case. Fle 2012 taxes late online tax filing A business discussion will not be considered substantial unless you can show that you actively engaged in the discussion, meeting, negotiation, or other business transaction to get income or some other specific business benefit. Fle 2012 taxes late online tax filing   The meeting does not have to be for any specified length of time, but you must show that the business discussion was substantial in relation to the meal or entertainment. Fle 2012 taxes late online tax filing It is not necessary that you devote more time to business than to entertainment. Fle 2012 taxes late online tax filing You do not have to discuss business during the meal or entertainment. Fle 2012 taxes late online tax filing Meetings at conventions. Fle 2012 taxes late online tax filing   You are considered to have a substantial business discussion if you attend meetings at a convention or similar event, or at a trade or business meeting sponsored and conducted by a business or professional organization. Fle 2012 taxes late online tax filing However, your reason for attending the convention or meeting must be to further your trade or business. Fle 2012 taxes late online tax filing The organization that sponsors the convention or meeting must schedule a program of business activities that is the main activity of the convention or meeting. Fle 2012 taxes late online tax filing Directly before or after business discussion. Fle 2012 taxes late online tax filing   If the entertainment is held on the same day as the business discussion, it is considered to be held directly before or after the business discussion. Fle 2012 taxes late online tax filing   If the entertainment and the business discussion are not held on the same day, you must consider the facts of each case to see if the associated test is met. Fle 2012 taxes late online tax filing Among the facts to consider are the place, date, and duration of the business discussion. Fle 2012 taxes late online tax filing If you or your business associates are from out of town, you must also consider the dates of arrival and departure, and the reasons the entertainment and the discussion did not take place on the same day. Fle 2012 taxes late online tax filing Example. Fle 2012 taxes late online tax filing A group of business associates comes from out of town to your place of business to hold a substantial business discussion. Fle 2012 taxes late online tax filing If you entertain those business guests on the evening before the business discussion, or on the evening of the day following the business discussion, the entertainment generally is considered to be held directly before or after the discussion. Fle 2012 taxes late online tax filing The expense meets the associated test. Fle 2012 taxes late online tax filing 50% Limit In general, you can deduct only 50% of your business-related meal and entertainment expenses. Fle 2012 taxes late online tax filing (If you are subject to the Department of Transportation's “hours of service” limits, you can deduct 80% of your business-related meal and entertainment expenses. Fle 2012 taxes late online tax filing See Individuals subject to “hours of service” limits , later. Fle 2012 taxes late online tax filing ) The 50% limit applies to employees or their employers, and to self-employed persons (including independent contractors) or their clients, depending on whether the expenses are reimbursed. Fle 2012 taxes late online tax filing Figure A summarizes the general rules explained in this section. Fle 2012 taxes late online tax filing The 50% limit applies to business meals or entertainment expenses you have while: Traveling away from home (whether eating alone or with others) on business, Entertaining customers at your place of business, a restaurant, or other location, or Attending a business convention or reception, business meeting, or business luncheon at a club. Fle 2012 taxes late online tax filing Included expenses. Fle 2012 taxes late online tax filing   Expenses subject to the 50% limit include: Taxes and tips relating to a business meal or entertainment activity, Cover charges for admission to a nightclub, Rent paid for a room in which you hold a dinner or cocktail party, and Amounts paid for parking at a sports arena. Fle 2012 taxes late online tax filing However, the cost of transportation to and from a business meal or a business-related entertainment activity is not subject to the 50% limit. Fle 2012 taxes late online tax filing Figure A. Fle 2012 taxes late online tax filing Does the 50% Limit Apply to Your Expenses? There are exceptions to these rules. Fle 2012 taxes late online tax filing See Exceptions to the 50% Limit . Fle 2012 taxes late online tax filing Please click here for the text description of the image. Fle 2012 taxes late online tax filing Figure A. Fle 2012 taxes late online tax filing Does the 50% limit apply to Your Expenses?TAs for Figure A are: Notice 87-23; Form 2106 instructions Application of 50% limit. Fle 2012 taxes late online tax filing   The 50% limit on meal and entertainment expenses applies if the expense is otherwise deductible and is not covered by one of the exceptions discussed later. Fle 2012 taxes late online tax filing   The 50% limit also applies to certain meal and entertainment expenses that are not business related. Fle 2012 taxes late online tax filing It applies to meal and entertainment expenses you have for the production of income, including rental or royalty income. Fle 2012 taxes late online tax filing It also applies to the cost of meals included in deductible educational expenses. Fle 2012 taxes late online tax filing When to apply the 50% limit. Fle 2012 taxes late online tax filing   You apply the 50% limit after determining the amount that would otherwise qualify for a deduction. Fle 2012 taxes late online tax filing You first have to determine the amount of meal and entertainment expenses that would be deductible under the other rules discussed in this publication. Fle 2012 taxes late online tax filing Example 1. Fle 2012 taxes late online tax filing You spend $200 for a business-related meal. Fle 2012 taxes late online tax filing If $110 of that amount is not allowable because it is lavish and extravagant, the remaining $90 is subject to the 50% limit. Fle 2012 taxes late online tax filing Your deduction cannot be more than $45 (50% × $90). Fle 2012 taxes late online tax filing Example 2. Fle 2012 taxes late online tax filing You purchase two tickets to a concert and give them to a client. Fle 2012 taxes late online tax filing You purchased the tickets through a ticket agent. Fle 2012 taxes late online tax filing You paid $200 for the two tickets, which had a face value of $80 each ($160 total). Fle 2012 taxes late online tax filing Your deduction cannot be more than $80 (50% × $160). Fle 2012 taxes late online tax filing Exceptions to the 50% Limit Generally, business-related meal and entertainment expenses are subject to the 50% limit. Fle 2012 taxes late online tax filing Figure A can help you determine if the 50% limit applies to you. Fle 2012 taxes late online tax filing Expenses not subject to 50% limit. Fle 2012 taxes late online tax filing   Your meal or entertainment expense is not subject to the 50% limit if the expense meets one of the following exceptions. Fle 2012 taxes late online tax filing 1 - Employee's reimbursed expenses. Fle 2012 taxes late online tax filing   If you are an employee, you are not subject to the 50% limit on expenses for which your employer reimburses you under an accountable plan. Fle 2012 taxes late online tax filing Accountable plans are discussed in chapter 6. Fle 2012 taxes late online tax filing 2 - Self-employed. Fle 2012 taxes late online tax filing   If you are self-employed, your deductible meal and entertainment expenses are not subject to the 50% limit if all of the following requirements are met. Fle 2012 taxes late online tax filing You have these expenses as an independent contractor. Fle 2012 taxes late online tax filing Your customer or client reimburses you or gives you an allowance for these expenses in connection with services you perform. Fle 2012 taxes late online tax filing You provide adequate records of these expenses to your customer or client. Fle 2012 taxes late online tax filing (See chapter 5 . Fle 2012 taxes late online tax filing )   In this case, your client or customer is subject to the 50% limit on the expenses. Fle 2012 taxes late online tax filing Example. Fle 2012 taxes late online tax filing You are a self-employed attorney who adequately accounts for meal and entertainment expenses to a client who reimburses you for these expenses. Fle 2012 taxes late online tax filing You are not subject to the directly-related or associated test, nor are you subject to the 50% limit. Fle 2012 taxes late online tax filing If the client can deduct the expenses, the client is subject to the 50% limit. Fle 2012 taxes late online tax filing If you (as an independent contractor) have expenses for meals and entertainment related to providing services for a client but do not adequately account for and seek reimbursement from the client for those expenses, you are subject to the directly-related or associated test and to the 50% limit. Fle 2012 taxes late online tax filing 3 - Advertising expenses. Fle 2012 taxes late online tax filing   You are not subject to the 50% limit if you provide meals, entertainment, or recreational facilities to the general public as a means of advertising or promoting goodwill in the community. Fle 2012 taxes late online tax filing For example, neither the expense of sponsoring a television or radio show nor the expense of distributing free food and beverages to the general public is subject to the 50% limit. Fle 2012 taxes late online tax filing 4 - Sale of meals or entertainment. Fle 2012 taxes late online tax filing   You are not subject to the 50% limit if you actually sell meals, entertainment, goods and services, or use of facilities to the public. Fle 2012 taxes late online tax filing For example, if you run a nightclub, your expense for the entertainment you furnish to your customers, such as a floor show, is not subject to the 50% limit. Fle 2012 taxes late online tax filing 5 - Charitable sports event. Fle 2012 taxes late online tax filing   You are not subject to the 50% limit if you pay for a package deal that includes a ticket to a qualified charitable sports event. Fle 2012 taxes late online tax filing For the conditions the sports event must meet, see Exception for events that benefit charitable organizations under What Entertainment Expenses Are Deductible?, later. Fle 2012 taxes late online tax filing Individuals subject to “hours of service” limits. Fle 2012 taxes late online tax filing   You can deduct a higher percentage of your meal expenses while traveling away from your tax home if the meals take place during or incident to any period subject to the Department of Transportation's “hours of service” limits. Fle 2012 taxes late online tax filing The percentage is 80%. Fle 2012 taxes late online tax filing   Individuals subject to the Department of Transportation's “hours of service” limits include the following persons. Fle 2012 taxes late online tax filing Certain air transportation workers (such as pilots, crew, dispatchers, mechanics, and control tower operators) who are under Federal Aviation Administration regulations. Fle 2012 taxes late online tax filing Interstate truck operators and bus drivers who are under Department of Transportation regulations. Fle 2012 taxes late online tax filing Certain railroad employees (such as engineers, conductors, train crews, dispatchers, and control operations personnel) who are under Federal Railroad Administration regulations. Fle 2012 taxes late online tax filing Certain merchant mariners who are under Coast Guard regulations. Fle 2012 taxes late online tax filing What Entertainment Expenses Are Deductible? This section explains different types of entertainment expenses you may be able to deduct. Fle 2012 taxes late online tax filing Entertainment. Fle 2012 taxes late online tax filing   Entertainment includes any activity generally considered to provide entertainment, amusement, or recreation. Fle 2012 taxes late online tax filing Examples include entertaining guests at nightclubs; at social, athletic, and sporting clubs; at theaters; at sporting events; on yachts; or on hunting, fishing, vacation, and similar trips. Fle 2012 taxes late online tax filing   Entertainment also may include meeting personal, living, or family needs of individuals, such as providing meals, a hotel suite, or a car to customers or their families. Fle 2012 taxes late online tax filing A meal as a form of entertainment. Fle 2012 taxes late online tax filing   Entertainment includes the cost of a meal you provide to a customer or client, whether the meal is a part of other entertainment or by itself. Fle 2012 taxes late online tax filing A meal expense includes the cost of food, beverages, taxes, and tips for the meal. Fle 2012 taxes late online tax filing To deduct an entertainment-related meal, you or your employee must be present when the food or beverages are provided. Fle 2012 taxes late online tax filing    You cannot claim the cost of your meal both as an entertainment expense and as a travel expense. Fle 2012 taxes late online tax filing    Meals sold in the normal course of your business are not considered entertainment. Fle 2012 taxes late online tax filing Deduction may depend on your type of business. Fle 2012 taxes late online tax filing   Your kind of business may determine if a particular activity is considered entertainment. Fle 2012 taxes late online tax filing For example, if you are a dress designer and have a fashion show to introduce your new designs to store buyers, the show generally is not considered entertainment. Fle 2012 taxes late online tax filing This is because fashion shows are typical in your business. Fle 2012 taxes late online tax filing But, if you are an appliance distributor and hold a fashion show for the spouses of your retailers, the show generally is considered entertainment. Fle 2012 taxes late online tax filing Separating costs. Fle 2012 taxes late online tax filing   If you have one expense that includes the costs of entertainment and other services (such as lodging or transportation), you must allocate that expense between the cost of entertainment and the cost of other services. Fle 2012 taxes late online tax filing You must have a reasonable basis for making this allocation. Fle 2012 taxes late online tax filing For example, you must allocate your expenses if a hotel includes entertainment in its lounge on the same bill with your room charge. Fle 2012 taxes late online tax filing Taking turns paying for meals or entertainment. Fle 2012 taxes late online tax filing   If a group of business acquaintances takes turns picking up each others' meal or entertainment checks primarily for personal reasons, without regard to whether any business purposes are served, no member of the group can deduct any part of the expense. Fle 2012 taxes late online tax filing Lavish or extravagant expenses. Fle 2012 taxes late online tax filing   You cannot deduct expenses for entertainment that are lavish or extravagant. Fle 2012 taxes late online tax filing An expense is not considered lavish or extravagant if it is reasonable considering the facts and circumstances. Fle 2012 taxes late online tax filing Expenses will not be disallowed just because they are more than a fixed dollar amount or take place at deluxe restaurants, hotels, nightclubs, or resorts. Fle 2012 taxes late online tax filing Allocating between business and nonbusiness. Fle 2012 taxes late online tax filing   If you entertain business and nonbusiness individuals at the same event, you must divide your entertainment expenses between business and nonbusiness. Fle 2012 taxes late online tax filing You can deduct only the business part. Fle 2012 taxes late online tax filing If you cannot establish the part of the expense for each person participating, allocate the expense to each participant on a pro rata basis. Fle 2012 taxes late online tax filing Example. Fle 2012 taxes late online tax filing You entertain a group of individuals that includes yourself, three business prospects, and seven social guests. Fle 2012 taxes late online tax filing Only 4/11 of the expense qualifies as a business entertainment expense. Fle 2012 taxes late online tax filing You cannot deduct the expenses for the seven social guests because those costs are nonbusiness expenses. Fle 2012 taxes late online tax filing Trade association meetings. Fle 2012 taxes late online tax filing   You can deduct entertainment expenses that are directly related to and necessary for attending business meetings or conventions of certain exempt organizations if the expenses of your attendance are related to your active trade or business. Fle 2012 taxes late online tax filing These organizations include business leagues, chambers of commerce, real estate boards, trade associations, and professional associations. Fle 2012 taxes late online tax filing Entertainment tickets. Fle 2012 taxes late online tax filing   Generally, you cannot deduct more than the face value of an entertainment ticket, even if you paid a higher price. Fle 2012 taxes late online tax filing For example, you cannot deduct service fees you pay to ticket agencies or brokers or any amount over the face value of the tickets you pay to scalpers. Fle 2012 taxes late online tax filing Exception for events that benefit charitable organizations. Fle 2012 taxes late online tax filing   Different rules apply when the cost of a ticket to a sports event benefits a charitable organization. Fle 2012 taxes late online tax filing You can take into account the full cost you pay for the ticket, even if it is more than the face value, if all of the following conditions apply. Fle 2012 taxes late online tax filing The event's main purpose is to benefit a qualified charitable organization. Fle 2012 taxes late online tax filing The entire net proceeds go to the charity. Fle 2012 taxes late online tax filing The event uses volunteers to perform substantially all the event's work. Fle 2012 taxes late online tax filing    The 50% limit on entertainment does not apply to any expense for a package deal that includes a ticket to such a charitable sports event. Fle 2012 taxes late online tax filing Example 1. Fle 2012 taxes late online tax filing You purchase tickets to a golf tournament organized by the local volunteer fire company. Fle 2012 taxes late online tax filing All net proceeds will be used to buy new fire equipment. Fle 2012 taxes late online tax filing The volunteers will run the tournament. Fle 2012 taxes late online tax filing You can deduct the entire cost of the tickets as a business expense if they otherwise qualify as an entertainment expense. Fle 2012 taxes late online tax filing Example 2. Fle 2012 taxes late online tax filing You purchase tickets to a college football game through a ticket broker. Fle 2012 taxes late online tax filing After having a business discussion, you take a client to the game. Fle 2012 taxes late online tax filing Net proceeds from the game go to colleges that qualify as charitable organizations. Fle 2012 taxes late online tax filing However, since the colleges also pay individuals to perform services, such as coaching and recruiting, you can only use the face value of the tickets in determining your business deduction. Fle 2012 taxes late online tax filing Skyboxes and other private luxury boxes. Fle 2012 taxes late online tax filing   If you rent a skybox or other private luxury box for more than one event at the same sports arena, you generally cannot deduct more than the price of a nonluxury box seat ticket. Fle 2012 taxes late online tax filing   To determine whether a skybox has been rented for more than one event, count each game or other performance as one event. Fle 2012 taxes late online tax filing For example, renting a skybox for a series of playoff games is considered renting it for more than one event. Fle 2012 taxes late online tax filing All skyboxes you rent in the same arena, along with any rentals by related parties, are considered in making this determination. Fle 2012 taxes late online tax filing   Related parties include: Family members (spouses, ancestors, and lineal descendants), Parties who have made a reciprocal arrangement involving the sharing of skyboxes, Related corporations, A partnership and its principal partners, and A corporation and a partnership with common ownership. Fle 2012 taxes late online tax filing Example. Fle 2012 taxes late online tax filing You pay $3,000 to rent a 10-seat skybox at Team Stadium for three baseball games. Fle 2012 taxes late online tax filing The cost of regular nonluxury box seats at each event is $30 a seat. Fle 2012 taxes late online tax filing You can deduct (subject to the 50% limit) $900 ((10 seats × $30 each) × 3 events). Fle 2012 taxes late online tax filing Food and beverages in skybox seats. Fle 2012 taxes late online tax filing   If expenses for food and beverages are separately stated, you can deduct these expenses in addition to the amounts allowable for the skybox, subject to the requirements and limits that apply. Fle 2012 taxes late online tax filing The amounts separately stated for food and beverages must be reasonable. Fle 2012 taxes late online tax filing You cannot inflate the charges for food and beverages to avoid the limited deduction for skybox rentals. Fle 2012 taxes late online tax filing What Entertainment Expenses Are Not Deductible? This section explains different types of entertainment expenses you generally may not be able to deduct. Fle 2012 taxes late online tax filing Club dues and membership fees. Fle 2012 taxes late online tax filing   You cannot deduct dues (including initiation fees) for membership in any club organized for: Business, Pleasure, Recreation, or Other social purpose. Fle 2012 taxes late online tax filing This rule applies to any membership organization if one of its principal purposes is either: To conduct entertainment activities for members or their guests, or To provide members or their guests with access to entertainment facilities, discussed later. Fle 2012 taxes late online tax filing   The purposes and activities of a club, not its name, will determine whether or not you can deduct the dues. Fle 2012 taxes late online tax filing You cannot deduct dues paid to: Country clubs, Golf and athletic clubs, Airline clubs, Hotel clubs, and Clubs operated to provide meals under circumstances generally considered to be conducive to business discussions. Fle 2012 taxes late online tax filing Entertainment facilities. Fle 2012 taxes late online tax filing   Generally, you cannot deduct any expense for the use of an entertainment facility. Fle 2012 taxes late online tax filing This includes expenses for depreciation and operating costs such as rent, utilities, maintenance, and protection. Fle 2012 taxes late online tax filing   An entertainment facility is any property you own, rent, or use for entertainment. Fle 2012 taxes late online tax filing Examples include a yacht, hunting lodge, fishing camp, swimming pool, tennis court, bowling alley, car, airplane, apartment, hotel suite, or home in a vacation resort. Fle 2012 taxes late online tax filing Out-of-pocket expenses. Fle 2012 taxes late online tax filing   You can deduct out-of-pocket expenses, such as for food and beverages, catering, gas, and fishing bait, that you provided during entertainment at a facility. Fle 2012 taxes late online tax filing These are not expenses for the use of an entertainment facility. Fle 2012 taxes late online tax filing However, these expenses are subject to the directly-related and associated tests and to the 50% limit , all discussed earlier. Fle 2012 taxes late online tax filing Expenses for spouses. Fle 2012 taxes late online tax filing   You generally cannot deduct the cost of entertainment for your spouse or for the spouse of a customer. Fle 2012 taxes late online tax filing However, you can deduct these costs if you can show you had a clear business purpose, rather than a personal or social purpose, for providing the entertainment. Fle 2012 taxes late online tax filing Example. Fle 2012 taxes late online tax filing You entertain a customer. Fle 2012 taxes late online tax filing The cost is an ordinary and necessary business expense and is allowed under the entertainment rules. Fle 2012 taxes late online tax filing The customer's spouse joins you because it is impractical to entertain the customer without the spouse. Fle 2012 taxes late online tax filing You can deduct the cost of entertaining the customer's spouse. Fle 2012 taxes late online tax filing If your spouse joins the party because the customer's spouse is present, the cost of the entertainment for your spouse is also deductible. Fle 2012 taxes late online tax filing Gift or entertainment. Fle 2012 taxes late online tax filing   Any item that might be considered either a gift or entertainment generally will be considered entertainment. Fle 2012 taxes late online tax filing However, if you give a customer packaged food or beverages that you intend the customer to use at a later date, treat it as a gift. Fle 2012 taxes late online tax filing   If you give a customer tickets to a theater performance or sporting event and you do not go with the customer to the performance or event, you have a choice. Fle 2012 taxes late online tax filing You can treat the tickets as either a gift or entertainment, whichever is to your advantage. Fle 2012 taxes late online tax filing   You can change your treatment of the tickets at a later date by filing an amended return. Fle 2012 taxes late online tax filing Generally, an amended return must be filed within 3 years from the date the original return was filed or within 2 years from the time the tax was paid, whichever is later. Fle 2012 taxes late online tax filing   If you go with the customer to the event, you must treat the cost of the tickets as an entertainment expense. Fle 2012 taxes late online tax filing You cannot choose, in this case, to treat the tickets as a gift. Fle 2012 taxes late online tax filing Prev  Up  Next   Home   More Online Publications

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Fle 2012 taxes late online tax filing Publication 531 - Introductory Material Table of Contents Future Developments What's New Reminder IntroductionOrdering forms and publications. Fle 2012 taxes late online tax filing Tax questions. Fle 2012 taxes late online tax filing Future Developments For the latest information about developments related to Publication 531, such as legislation enacted after this publication was published, go to www. Fle 2012 taxes late online tax filing irs. Fle 2012 taxes late online tax filing gov/pub531. Fle 2012 taxes late online tax filing What's New Additional Medicare Tax. Fle 2012 taxes late online tax filing  Beginning in 2013, a 0. Fle 2012 taxes late online tax filing 9% Additional Medicare Tax applies to Medicare wages, Railroad Retirement Tax Act (RRTA) compensation, and self-employment income that are more than: $125,000 if married filing separately, $250,000 if married filing jointly, or $200,000 for any other filing status. Fle 2012 taxes late online tax filing An employer is required to withhold Additional Medicare Tax on any Medicare wages or RRTA compensation it pays to an employee in excess of $200,000 in a calendar year without regard to the employee's filing status. Fle 2012 taxes late online tax filing An employer is required to begin withholding Additional Medicare Tax in the pay period in which it pays wages or compensation in excess of $200,000 to an employee and continue to withhold it until the end of the calendar year. Fle 2012 taxes late online tax filing Additional Medicare Tax is only imposed on the employee. Fle 2012 taxes late online tax filing There is no employer share of Additional Medicare Tax. Fle 2012 taxes late online tax filing All wages and compensation that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. Fle 2012 taxes late online tax filing Tips are subject to Additional Medicare Tax withholding, if, in combination with other wages paid by the employer, they exceed the $200,000 withholding threshold. Fle 2012 taxes late online tax filing Similarly, tips are subject to Additional Medicare Tax withholding, if, in combination with other RRTA compensation paid by the employer, they exceed the $200,000 withholding threshold. Fle 2012 taxes late online tax filing For more information on Additional Medicare Tax, go to www. Fle 2012 taxes late online tax filing irs. Fle 2012 taxes late online tax filing gov and enter “Additional Medicare Tax” in the search box. Fle 2012 taxes late online tax filing Reminder Photographs of missing children. Fle 2012 taxes late online tax filing  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Fle 2012 taxes late online tax filing Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Fle 2012 taxes late online tax filing You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Fle 2012 taxes late online tax filing Introduction This publication is for employees who receive tips. Fle 2012 taxes late online tax filing All tips you receive are income and are subject to federal income tax. Fle 2012 taxes late online tax filing You must include in gross income all tips you receive directly, charged tips paid to you by your employer, and your share of any tips you receive under a tip-splitting or tip-pooling arrangement. Fle 2012 taxes late online tax filing The value of noncash tips, such as tickets, passes, or other items of value, is also income and subject to tax. Fle 2012 taxes late online tax filing Reporting your tip income correctly is not difficult. Fle 2012 taxes late online tax filing You must do three things. Fle 2012 taxes late online tax filing Keep a daily tip record. Fle 2012 taxes late online tax filing Report tips to your employer. Fle 2012 taxes late online tax filing Report all your tips on your income tax return. Fle 2012 taxes late online tax filing  This publication will explain these three things and show you what to do on your tax return if you have not done the first two. Fle 2012 taxes late online tax filing This publication will also show you how to treat allocated tips. Fle 2012 taxes late online tax filing Comments and suggestions. Fle 2012 taxes late online tax filing   We welcome your comments about this publication and your suggestions for future editions. Fle 2012 taxes late online tax filing   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Fle 2012 taxes late online tax filing NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Fle 2012 taxes late online tax filing Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Fle 2012 taxes late online tax filing   You can send your comments from www. Fle 2012 taxes late online tax filing irs. Fle 2012 taxes late online tax filing gov/formspubs/. Fle 2012 taxes late online tax filing Click on “More Information” and then on “Comment on Tax Forms and Publications”. Fle 2012 taxes late online tax filing   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. Fle 2012 taxes late online tax filing Ordering forms and publications. Fle 2012 taxes late online tax filing   Visit www. Fle 2012 taxes late online tax filing irs. Fle 2012 taxes late online tax filing gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. Fle 2012 taxes late online tax filing Internal Revenue Service 1201 N. Fle 2012 taxes late online tax filing Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Fle 2012 taxes late online tax filing   If you have a tax question, check the information available on IRS. Fle 2012 taxes late online tax filing gov or call 1-800-829-1040. Fle 2012 taxes late online tax filing We cannot answer tax questions sent to either of the above addresses. Fle 2012 taxes late online tax filing Prev  Up  Next   Home   More Online Publications