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Free State Tax Efile

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Free State Tax Efile

Free state tax efile 1. Free state tax efile   Filing and Paying Business Taxes Table of Contents Introduction Useful Items - You may want to see: Identification NumbersNew EIN. Free state tax efile Employee. Free state tax efile Other payee. Free state tax efile Income TaxDo I Have To File an Income Tax Return? How Do I File? IRS e-file (Electronic Filing) When Is My Tax Return Due? How Do I Pay Income Tax? Self-Employment (SE) TaxHow to become insured under social security. Free state tax efile Earning credits in 2013 and 2014. Free state tax efile Employment Taxes Excise Taxes Information ReturnsWaiver of penalties. Free state tax efile Penalties. Free state tax efile Introduction This chapter explains the business taxes you may have to pay and the forms you may have to file. Free state tax efile It also discusses taxpayer identification numbers. Free state tax efile Table 1-1 lists the benefits of filing electronically. Free state tax efile Table 1-2 lists the federal taxes you may have to pay, their due dates, and the forms you use to report them. Free state tax efile Table 1-3 provides checklists that highlight the typical forms and schedules you may need to file if you ever go out of business. Free state tax efile You may want to get Publication 509, Tax Calendars. Free state tax efile It has tax calendars that tell you when to file returns and make tax payments. Free state tax efile Useful Items - You may want to see: Publication 505 Tax Withholding and Estimated Tax Form (and Instructions) 1040 U. Free state tax efile S. Free state tax efile Individual Income Tax Return 1040-ES Estimated Tax for Individuals Sch C (Form 1040) Profit or Loss From Business Sch C-EZ (Form 1040) Net Profit From Business Sch SE (Form 1040) Self-Employment Tax See chapter 12 for information about getting publications and forms. Free state tax efile Identification Numbers This section explains three types of taxpayer identification numbers, who needs them, when to use them, and how to get them. Free state tax efile Social security number (SSN). Free state tax efile   Generally, use your SSN as your taxpayer identification number. Free state tax efile You must put this number on each of your individual income tax forms, such as Form 1040 and its schedules. Free state tax efile   To apply for an SSN, use Form SS-5, Application for a Social Security Card. Free state tax efile This form is available at Social Security Administration (SSA) offices or by calling 1-800-772-1213. Free state tax efile It is also available from the SSA website at www. Free state tax efile socialsecurity. Free state tax efile gov. Free state tax efile Individual taxpayer identification number (ITIN). Free state tax efile   The IRS will issue an ITIN if you are a nonresident or resident alien and you do not have and are not eligible to get an SSN. Free state tax efile In general, if you need to obtain an ITIN, you must attach Form W-7, Application for IRS Individual Taxpayer Identification Number, with your signed, original, completed tax return and any other required documentation and mail them to the following address. Free state tax efile  Internal Revenue Service ITIN Operation P. Free state tax efile O. Free state tax efile Box 149342 Austin, TX 78714-9342 The exceptions are covered in detail in the instructions for Form W-7. Free state tax efile If you must include another person's SSN on your return and that person does not have and cannot get an SSN, enter that person's ITIN. Free state tax efile The application is also available in Spanish. Free state tax efile The form is available at IRS. Free state tax efile gov or you can call 1-800-829-3676 to order the form. Free state tax efile    An ITIN is for tax use only. Free state tax efile It does not entitle the holder to social security benefits or change the holder's employment or immigration status. Free state tax efile Employer identification number (EIN). Free state tax efile   You must also have an EIN to use as a taxpayer identification number if you do either of the following. Free state tax efile Pay wages to one or more employees. Free state tax efile File pension or excise tax returns. Free state tax efile   If you must have an EIN, include it along with your SSN on your Schedule C or C-EZ. Free state tax efile   You can apply for an EIN: Online by clicking on the Employer ID Numbers (EINs) link at www. Free state tax efile irs. Free state tax efile gov/businesses/small. Free state tax efile The EIN is issued immediately once the application information is validated. Free state tax efile By telephone at 1-800-829-4933. Free state tax efile By mailing or faxing Form SS-4, Application for Employer Identification Number. Free state tax efile New EIN. Free state tax efile   You may need to get a new EIN if either the form or the ownership of your business changes. Free state tax efile For more information, see Publication 1635, Understanding Your EIN. Free state tax efile When you need identification numbers of other persons. Free state tax efile   In operating your business, you will probably make certain payments you must report on information returns. Free state tax efile These payments are discussed under Information Returns, later in this chapter. Free state tax efile You must give the recipient of these payments (the payee) a statement showing the total amount paid during the year. Free state tax efile You must include the payee's identification number and your identification number on the returns and statements. Free state tax efile Employee. Free state tax efile   If you have employees, you must get an SSN from each of them. Free state tax efile Record the name and SSN of each employee exactly as they are shown on the employee's social security card. Free state tax efile If the employee's name is not correct as shown on the card, the employee should request a new card from the SSA. Free state tax efile This may occur if the employee's name was changed due to marriage or divorce. Free state tax efile   Form W-4, Employee's Withholding Allowance Certificate, is completed by each employee so the correct federal income tax can be withheld from their pay. Free state tax efile   If your employee does not have an SSN, he or she should file Form SS-5 with the SSA. Free state tax efile Other payee. Free state tax efile   If you make payments to someone who is not your employee and you must report the payments on an information return, get that person's SSN. Free state tax efile If you must report payments to an organization, such as a corporation or partnership, you must get its EIN. Free state tax efile   To get the payee's SSN or EIN, use Form W-9, Request for Taxpayer Identification Number and Certification. Free state tax efile   A payee who does not provide you with an identification number may be subject to backup withholding. Free state tax efile For information on backup withholding, see the Form W-9 instructions and the General Instructions for Certain Information Returns. Free state tax efile Income Tax This part explains whether you have to file an income tax return and when you file it. Free state tax efile It also explains how you pay the tax. Free state tax efile Do I Have To File an Income Tax Return? You have to file an income tax return for 2013 if your net earnings from self-employment were $400 or more. Free state tax efile If your net earnings from self-employment were less than $400, you still have to file an income tax return if you meet any other filing requirement listed in the Form 1040 instructions. Free state tax efile How Do I File? File your income tax return on Form 1040 and attach Schedule C or Schedule C-EZ. Free state tax efile Enter the net profit or loss from Schedule C or Schedule C-EZ on page 1 of Form 1040. Free state tax efile Use Schedule C to figure your net profit or loss from your business. Free state tax efile If you operated more than one business as a sole proprietorship, you must attach a separate Schedule C for each business. Free state tax efile You can use the simpler Schedule C-EZ if you operated only one business as a sole proprietorship, you did not have a net loss, and you meet the other requirements listed in Part I of the schedule. Free state tax efile IRS e-file (Electronic Filing) Please click here for the text description of the image. Free state tax efile E-file logo You may be able to file your tax returns electronically using an IRS e-file option. Free state tax efile Table 1-1 lists the benefits of IRS e-file. Free state tax efile IRS e-file uses automation to replace most of the manual steps needed to process paper returns. Free state tax efile As a result, the processing of e-file returns is faster and more accurate than the processing of paper returns. Free state tax efile As with a paper return, you are responsible for making sure your return contains accurate information and is filed on time. Free state tax efile Using e-file does not affect your chances of an IRS examination of your return. Free state tax efile You can file most commonly used business forms using IRS e-file. Free state tax efile For more information, visit IRS. Free state tax efile gov. Free state tax efile Electronic signatures. Free state tax efile   Paperless filing is easier than you think and it's available to most taxpayers who file electronically—including those first-time filers who were 16 or older at the end of 2013. Free state tax efile If you file electronically using tax preparation software or a tax professional, you will participate in the Self-Select PIN (personal identification number) program. Free state tax efile If you are married filing jointly, you and your spouse will each need to create a PIN and enter these PINs as your electronic signatures. Free state tax efile    To create a PIN, you must know your adjusted gross income (AGI) from your originally filed 2012 income tax return (not from an amended return, Form 1040X, or any math error notice from the IRS). Free state tax efile You will also need to provide your date of birth (DOB). Free state tax efile Make sure your DOB is accurate and matches the information on record with the Social Security Administration before you e-file. Free state tax efile To do this, check your annual Social Security Statement. Free state tax efile   With a Self-Select PIN, there is nothing to sign and nothing to mail—not even your Forms W-2. Free state tax efile For more details on the Self-Select PIN program, visit IRS. Free state tax efile gov. Free state tax efile State returns. Free state tax efile   In most states, you can file an electronic state return simultaneously with your federal return. Free state tax efile For more information, check with your local IRS office, state tax agency, tax professional, or IRS. Free state tax efile gov. Free state tax efile Refunds. Free state tax efile   You can have your refund check mailed to you, or you can have your refund deposited directly to your checking or savings account. Free state tax efile   With e-file, your refund will be issued in half the time as when filing on paper. Free state tax efile Most refunds are issued within 3 weeks. Free state tax efile If you choose Direct Deposit, you can receive your refund in as few as 10 days. Free state tax efile Offset against debts. Free state tax efile   As with a paper return, you may not get all of your refund if you owe certain past-due amounts, such as federal tax, state tax, a student loan, or child support. Free state tax efile You will be notified if the refund you claimed has been offset against your debts. Free state tax efile Refund inquiries. Free state tax efile   You can check the status of your refund if it has been at least 24 hours (4 weeks if you mailed a paper return) from the date you filed your return. Free state tax efile Be sure to have a copy of your tax return available because you will need to know the filing status, the first social security number shown on the return, and the exact whole-dollar amount of the refund. Free state tax efile To check on your refund, do one of the following. Free state tax efile Go to IRS. Free state tax efile gov and click on Where's My Refund. Free state tax efile Call 1-800-829-4477 for automated refund information, and follow the recorded instructions. Free state tax efile Call 1-800-829-1954 during the hours shown in your form instructions. Free state tax efile Balance due. Free state tax efile   If you owe tax, you must pay it by April 15, 2014, to avoid late-payment penalties and interest. Free state tax efile You can make your payment electronically by scheduling an electronic funds withdrawal from your checking or savings account or by credit card. Free state tax efile Using an Authorized IRS e-file Provider Many tax professionals can electronically file paperless returns for their clients. Free state tax efile You have two options. Free state tax efile You can prepare your return, take it to an authorized IRS e-file provider, and have the provider transmit it electronically to the IRS. Free state tax efile You can have an authorized IRS e-file provider prepare your return and transmit it for you electronically. Free state tax efile You will be asked to complete Form 8879, IRS e-file Signature Authorization, to authorize the provider to enter your self-selected PIN on your return. Free state tax efile Depending on the provider and the specific services requested, a fee may be charged. Free state tax efile To find an authorized IRS e-file provider near you, go to IRS. Free state tax efile gov or look for an “Authorized IRS e-file Provider” sign. Free state tax efile Using Your Personal Computer A computer with Internet access is all you need to file your tax return using IRS e-file. Free state tax efile When you use your personal computer, you can e-file your return from your home any time of the day or night. Free state tax efile Sign your return electronically using a self-selected PIN to complete the process. Free state tax efile There is no signature form to submit or Forms W-2 to send in. Free state tax efile Free Internet filing options. Free state tax efile   More taxpayers can now prepare and e-file their individual income tax returns free using commercial tax preparation software accessible through IRS. Free state tax efile gov or www. Free state tax efile usa. Free state tax efile gov. Free state tax efile The IRS is partnering with the tax software industry to offer free preparation and filing services to a significant number of taxpayers. Free state tax efile Security and privacy certificate programs will assure tax data is safe and secure. Free state tax efile To see if you qualify for these services, visit the Return Preparation and Filing Options page at IRS. Free state tax efile gov. Free state tax efile   If you cannot use the free services, you can buy tax preparation software at various electronics stores or computer and office supply stores. Free state tax efile You can also download software from the Internet or prepare and file your return completely online by using tax preparation software available on the Internet. Free state tax efile Filing Through Employers and Financial Institutions Some businesses offer free e-file to their employees, members, or customers. Free state tax efile Others offer it for a fee. Free state tax efile Ask your employer or financial institution if they offer IRS e-file as an employee, member, or customer benefit. Free state tax efile Free Help With Your Return Free help in preparing your return is available nationwide from IRS-trained volunteers. Free state tax efile The Volunteer Income Tax Assistance (VITA) program is designed to help low-income taxpayers, and the Tax Counseling for the Elderly (TCE) program is designed to assist taxpayers age 60 or older with their tax returns. Free state tax efile Some locations offer free electronic filing. Free state tax efile Table 1-1. Free state tax efile Benefits of IRS e-file Accuracy • Your chance of getting an error notice from the IRS is significantly reduced. Free state tax efile Security • Your privacy and security are assured. Free state tax efile Electronic signatures • Create your own personal identification number (PIN) and file a completely paperless return through your tax preparation software or tax professional. Free state tax efile There is nothing to mail. Free state tax efile Proof of acceptance • You receive an electronic acknowledgment within 48 hours that the IRS has accepted your return for processing. Free state tax efile Fast refunds • You get your refund faster with Direct Deposit—in as few as 10 days. Free state tax efile Free Internet filing options • Use IRS. Free state tax efile gov to access commercial tax preparation and e-file services available at no cost to eligible taxpayers. Free state tax efile Electronic payment options • Convenient, safe, and secure electronic payment options are available. Free state tax efile E-file and pay your taxes in a single step. Free state tax efile Schedule an electronic funds withdrawal from your checking or savings account (up to and including April 15, 2014) or pay by credit card. Free state tax efile Federal/State filing • Prepare and file your federal and state tax returns together and double the benefits you get from e-file. Free state tax efile When Is My Tax Return Due? Form 1040 for calendar year 2013 is due by April 15, 2014. Free state tax efile If you use a fiscal year (explained in chapter 2), your return is due by the 15th day of the 4th month after the end of your fiscal year. Free state tax efile If you file late, you may have to pay penalties and interest. Free state tax efile If you cannot file your return on time, use Form 4868, Application for Automatic Extension of Time To File U. Free state tax efile S. Free state tax efile Individual Income Tax Return, to request an automatic 6-month extension. Free state tax efile For calendar year taxpayers, this will extend the tax filing due date until October 15. Free state tax efile Filing an extension does not extend the time to pay your taxes, only the time to file the tax return. Free state tax efile How Do I Pay Income Tax? Federal income tax is a pay-as-you-go tax. Free state tax efile You must pay it as you earn or receive income during the year. Free state tax efile An employee usually has income tax withheld from his or her pay. Free state tax efile If you do not pay your tax through withholding, or do not pay enough tax that way, you might have to pay estimated tax. Free state tax efile You generally have to make estimated tax payments if you expect to owe taxes, including self-employment tax (discussed later), of $1,000 or more when you file your return. Free state tax efile Use Form 1040-ES to figure and pay the tax. Free state tax efile If you do not have to make estimated tax payments, you can pay any tax due when you file your return. Free state tax efile For more information on estimated tax, see Publication 505, Tax Withholding and Estimated Tax. Free state tax efile What are my payment options?   You can pay your estimated tax electronically using various options. Free state tax efile If you pay electronically, there is no need to mail in Form 1040-ES payment vouchers. Free state tax efile These options include: Paying electronically through the Electronic Federal Tax Payment System (EFTPS). Free state tax efile Paying by authorizing an electronic funds withdrawal when you file Form 1040 electronically. Free state tax efile Paying by credit or debit card over the phone or by Internet. Free state tax efile Other options include crediting an overpayment from your 2013 return to your 2014 estimated tax, or mailing a check or money order with a Form 1040-ES payment voucher. Free state tax efile EFTPS    To enroll in EFTPS, go to www. Free state tax efile eftps. Free state tax efile gov or call 1-800-555-4477. Free state tax efile When you request a new EIN and you will have a tax obligation, you are automatically enrolled in EFTPS. Free state tax efile Benefits of EFTPS: The chance of an error in making your payments is reduced. Free state tax efile You receive immediate confirmation of every transaction. Free state tax efile Penalty for underpayment of tax. Free state tax efile   If you did not pay enough income tax and self-employment tax for 2013 by withholding or by making estimated tax payments, you may have to pay a penalty on the amount not paid. Free state tax efile The IRS will figure the penalty for you and send you a bill. Free state tax efile Or you can use Form 2210, Underpayment of Estimated Tax by Individuals, Estates, and Trusts, to see if you have to pay a penalty and to figure the penalty amount. Free state tax efile For more information, see Publication 505. Free state tax efile Self-Employment (SE) Tax Self-employment tax (SE tax) is a social security and Medicare tax primarily for individuals who work for themselves. Free state tax efile It is similar to the social security and Medicare taxes withheld from the pay of most wage earners. Free state tax efile If you earned income as a statutory employee, you do not pay SE tax on that income. Free state tax efile Social security coverage. Free state tax efile   Social security benefits are available to self-employed persons just as they are to wage earners. Free state tax efile Your payments of SE tax contribute to your coverage under the social security system. Free state tax efile Social security coverage provides you with retirement benefits, disability benefits, survivor benefits, and hospital insurance (Medicare) benefits. Free state tax efile By not reporting all of your self-employment income, you could cause your social security benefits to be lower when you retire. Free state tax efile How to become insured under social security. Free state tax efile   You must be insured under the social security system before you begin receiving social security benefits. Free state tax efile You are insured if you have the required number of credits (also called quarters of coverage), discussed next. Free state tax efile Earning credits in 2013 and 2014. Free state tax efile   For 2013, you received one credit, up to a maximum of four credits, for each $1,160 ($1,200 for 2014) of income subject to social security taxes. Free state tax efile Therefore, for 2013, if you had income (self-employment and wages) of $4,640 that was subject to social security taxes, you receive four credits ($4,640 ÷ $1,160). Free state tax efile   For an explanation of the number of credits you must have to be insured and the benefits available to you and your family under the social security program, consult your nearest Social Security Administration (SSA) office. Free state tax efile    Making false statements to get or to increase social security benefits may subject you to penalties. Free state tax efile The Social Security Administration (SSA) time limit for posting self-employment income. Free state tax efile   Generally, the SSA will give you credit only for self-employment income reported on a tax return filed within 3 years, 3 months, and 15 days after the tax year you earned the income. Free state tax efile If you file your tax return or report a change in your self-employment income after this time limit, the SSA may change its records, but only to remove or reduce the amount. Free state tax efile The SSA will not change its records to increase your self-employment income. Free state tax efile Who must pay self-employment tax. Free state tax efile   You must pay SE tax and file Schedule SE (Form 1040) if either of the following applies. Free state tax efile Your net earnings from self-employment (excluding church employee income) were $400 or more. Free state tax efile You had church employee income of $108. Free state tax efile 28 or more. Free state tax efile The SE tax rules apply no matter how old you are and even if you are already receiving social security or Medicare benefits. Free state tax efile SE tax rate. Free state tax efile   For 2013, the SE tax rate on net earnings is 15. Free state tax efile 3% (12. Free state tax efile 4% social security tax plus 2. Free state tax efile 9% Medicare tax). Free state tax efile Maximum earnings subject to SE tax. Free state tax efile   Only the first $113,700 of your combined wages, tips, and net earnings in 2013 is subject to any combination of the 12. Free state tax efile 4% social security part of SE tax, social security tax, or railroad retirement (tier 1) tax. Free state tax efile   All your combined wages, tips, and net earnings in 2013 are subject to any combination of the 2. Free state tax efile 9% Medicare part of SE tax, social security tax, or railroad retirement (tier 1) tax. Free state tax efile   If wages and tips you receive as an employee are subject to either social security or railroad retirement (tier 1) tax, or both, and total at least $113,700, do not pay the 12. Free state tax efile 4% social security part of the SE tax on any of your net earnings. Free state tax efile However, you must pay the 2. Free state tax efile 9% Medicare part of the SE tax on all your net earnings. Free state tax efile Deduct one-half of your SE tax as an adjustment to income on line 27 of Form 1040. Free state tax efile   More information. Free state tax efile   For information on methods of calculating SE tax, see Chapter 10, Self-Employment Tax. Free state tax efile Table 1-2. Free state tax efile Which Forms Must I File? IF you are liable for: THEN use Form: DUE by:1 Income tax 1040 and Schedule C or C-EZ2 15th day of 4th month after end of  tax year. Free state tax efile Self-employment tax Schedule SE File with Form 1040. Free state tax efile Estimated tax 1040-ES 15th day of 4th, 6th, and 9th months of tax year, and 15th day of 1st month after the end of tax year. Free state tax efile Social security and Medicare taxes and income tax withholding 941 or 944 April 30, July 31, October 31, and January 313. Free state tax efile     See Publication 15. Free state tax efile Providing information on social security and Medicare taxes and income tax withholding W-2 (to employee)  W-2 and W-3 (to the Social Security Administration) January 313. Free state tax efile   Last day of February (March 31 if filing electronically)3. Free state tax efile Federal unemployment (FUTA) tax 940 January 313. Free state tax efile     April 30, July 31, October 31, and January 31, but only if the liability for unpaid tax is more than $500. Free state tax efile Filing information returns for payments to nonemployees and transactions with other persons See Information Returns Forms 1099 – to the recipient by January 31 and to the IRS by February 28 (March 31 if filing electronically). Free state tax efile     Other forms – see the General Instructions for Certain Information Returns. Free state tax efile Excise tax See Excise Taxes See the instructions to the forms. Free state tax efile 1 If a due date falls on a Saturday, Sunday, or legal holiday, file by the next day that is not a Saturday, Sunday, or legal holiday. Free state tax efile For more information, see Publication 509, Tax Calendars. Free state tax efile 2 File a separate schedule for each business. Free state tax efile 3 See the form instructions if you go out of business, change the form of your business, or stop paying wages. Free state tax efile     Employment Taxes If you have employees, you will need to file forms to report employment taxes. Free state tax efile Employment taxes include the following items. Free state tax efile Social security and Medicare taxes. Free state tax efile Federal income tax withholding. Free state tax efile Federal unemployment (FUTA) tax. Free state tax efile For more information, see Publication 15 (Circular E), Employer's Tax Guide. Free state tax efile That publication explains your tax responsibilities as an employer. Free state tax efile To help you determine whether the people working for you are your employees, see Publication 15-A, Employer's Supplemental Tax Guide. Free state tax efile That publication has information to help you determine whether an individual is an independent contractor or an employee. Free state tax efile If you incorrectly classify an employee as an independent contractor, you may be held liable for employment taxes for that worker plus a penalty. Free state tax efile An independent contractor is someone who is self-employed. Free state tax efile You do not generally have to withhold or pay any taxes on payments made to an independent contractor. Free state tax efile Excise Taxes This section identifies some of the excise taxes you may have to pay and the forms you have to file if you do any of the following. Free state tax efile Manufacture or sell certain products. Free state tax efile Operate certain kinds of businesses. Free state tax efile Use various kinds of equipment, facilities, or products. Free state tax efile Receive payment for certain services. Free state tax efile For more information on excise taxes, see Publication 510, Excise Taxes. Free state tax efile Form 720. Free state tax efile   The federal excise taxes reported on Form 720, Quarterly Federal Excise Tax Return, consist of several broad categories of taxes, including the following. Free state tax efile Environmental taxes on the sale or use of ozone-depleting chemicals and imported products containing or manufactured with these chemicals. Free state tax efile Communications and air transportation taxes. Free state tax efile Fuel taxes. Free state tax efile Tax on the first retail sale of heavy trucks, trailers, and tractors. Free state tax efile Manufacturers taxes on the sale or use of a variety of different articles. Free state tax efile Tax on indoor tanning services. Free state tax efile Form 2290. Free state tax efile   There is a federal excise tax on the use of certain trucks, truck tractors, and buses on public highways. Free state tax efile The tax applies to vehicles having a taxable gross weight of 55,000 pounds or more. Free state tax efile Report the tax on Form 2290, Heavy Highway Vehicle Use Tax Return. Free state tax efile For more information, see the Instructions for Form 2290. Free state tax efile Depositing excise taxes. Free state tax efile   If you have to file a quarterly excise tax return on Form 720, you may have to deposit your excise taxes before the return is due. Free state tax efile For details on depositing excise taxes, see the Instructions for Form 720. Free state tax efile Information Returns If you make or receive payments in your business, you may have to report them to the IRS on information returns. Free state tax efile The IRS compares the payments shown on the information returns with each person's income tax return to see if the payments were included in income. Free state tax efile You must give a copy of each information return you are required to file to the recipient or payer. Free state tax efile In addition to the forms described below, you may have to use other returns to report certain kinds of payments or transactions. Free state tax efile For more details on information returns and when you have to file them, see the General Instructions for Certain Information Returns. Free state tax efile Form 1099-MISC. Free state tax efile   Use Form 1099-MISC, Miscellaneous Income, to report certain payments you make in your business. Free state tax efile These payments include the following items. Free state tax efile Payments of $600 or more for services performed for your business by people not treated as your employees, such as fees to subcontractors, attorneys, accountants, or directors. Free state tax efile Rent payments of $600 or more, other than rents paid to real estate agents. Free state tax efile Prizes and awards of $600 or more that are not for services, such as winnings on TV or radio shows. Free state tax efile Royalty payments of $10 or more. Free state tax efile Payments to certain crew members by operators of fishing boats. Free state tax efile You also use Form 1099-MISC to report your sales of $5,000 or more of consumer goods to a person for resale anywhere other than in a permanent retail establishment. Free state tax efile Form W-2. Free state tax efile   You must file Form W-2, Wage and Tax Statement, to report payments to your employees, such as wages, tips, and other compensation, withheld income, social security, and Medicare taxes. Free state tax efile You can file Form W-2 online. Free state tax efile For more information about Form W-2, see the General Instructions for Forms W-2 and W-3. Free state tax efile Penalties. Free state tax efile   The law provides for the following penalties if you do not file Form 1099-MISC or Form W-2 or do not correctly report the information. Free state tax efile For more information, see the General Instructions for Certain Information Returns. Free state tax efile Failure to file information returns. Free state tax efile This penalty applies if you do not file information returns by the due date, do not include all required information, or report incorrect information. Free state tax efile Failure to furnish correct payee statements. Free state tax efile This penalty applies if you do not furnish a required statement to a payee by the required date, do not include all required information, or report incorrect information. Free state tax efile Waiver of penalties. Free state tax efile   These penalties will not apply if you can show that the failure was due to reasonable cause and not willful neglect. Free state tax efile   In addition, there is no penalty for failure to include all required information, or for including incorrect information, on a de minimis (small) number of information returns if you correct the errors by August 1 of the year the returns are due. Free state tax efile (A de minimis number of returns is the greater of 10 or ½ of 1% of the total number of returns you are required to file for the year. Free state tax efile ) Form 8300. Free state tax efile   You must file Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business, if you receive more than $10,000 in cash in one transaction, or two or more related business transactions. Free state tax efile Cash includes U. Free state tax efile S. Free state tax efile and foreign coin and currency. Free state tax efile It also includes certain monetary instruments such as cashier's and traveler's checks and money orders. Free state tax efile Cash does not include a check drawn on an individual's personal account (personal check). Free state tax efile For more information, see Publication 1544, Reporting Cash Payments of Over $10,000 (Received in a Trade or Business). Free state tax efile Penalties. Free state tax efile   There are civil and criminal penalties, including up to 5 years in prison, for not filing Form 8300, filing (or causing the filing of) a false or fraudulent Form 8300, or structuring a transaction to evade reporting requirements. Free state tax efile Table 1-3. Free state tax efile Going Out of Business Checklists (Note. Free state tax efile The following checklists highlight the typical final forms and schedules you may need to file if you ever go out of business. Free state tax efile For more information, see the instructions for the listed forms. Free state tax efile ) IF you are liable for:   THEN you may need to: Income tax □ File Schedule C or C-EZ with your Form 1040 for the year in which you go out of business. Free state tax efile   □ File Form 4797 with your Form 1040 for each year in which you sell or exchange property used in your business or in which the business use of certain section 179 or listed property drops to 50% or less. Free state tax efile   □ File Form 8594 with your Form 1040 if you sold your business. Free state tax efile Self-employment tax □ File Schedule SE with your Form 1040 for the year in which you go out of business. Free state tax efile Employment taxes □ File Form 941 (or Form 944) for the calendar quarter in which you make final wage payments. Free state tax efile Note. Free state tax efile Do not forget to check the box and enter the date final wages were paid on line 15 of Form 941 or line 14 of Form 944. Free state tax efile   □ File Form 940 for the calendar year in which final wages were paid. Free state tax efile Note. Free state tax efile Do not forget to check box d, Final: Business closed or stopped paying wages, under Type of Return. Free state tax efile Information returns □ Provide Forms W-2 to your employees for the calendar year in which you make final wage payments. Free state tax efile Note. Free state tax efile These forms are generally due by the due date of your final Form 941 or Form 944. Free state tax efile   □ File Form W-3 to file Forms W-2. Free state tax efile Note. Free state tax efile These forms are generally due within 1 month after the due date of your final Form 941 or Form 944. Free state tax efile   □ Provide Forms 1099-MISC to each person to whom you have paid at least $600 for services (including parts and materials) during the calendar year in which you go out of business. Free state tax efile   □ File Form 1096 to file Forms 1099-MISC. Free state tax efile Prev  Up  Next   Home   More Online Publications
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Foreign Electronic Payments

International taxpayers who do not have a U.S. bank account may follow the instructions below to transfer funds from their foreign bank account directly to the Internal Revenue Service for payment of their individual or business tax liabilities.

Caution: Although this method of payment is available to anyone with a foreign bank account (which includes many types of financial institutions), it can be costly.  Please consider other options, including paying by credit card, to avoid the high cost of international wire transfer.  For more information on how to use the Electronic Federal Tax Payment System (EFTPS) or other U.S. based payment methods, please visit the Make a Payment site.

Note: Payments of U.S. tax must be remitted to the U.S. Internal Revenue Service (IRS) in U.S. dollars.

International Wire Transfer
In order to complete an international wire transfer through your foreign bank, you will need to complete the Same-Day Taxpayer Payment Worksheet (PDF 265KB) with the proper Tax Type Code and tax period (year and/or quarter) so that the funds will be properly applied to your IRS tax liability.  After you have completed the worksheet, take it to your bank to request international wiring.

Your foreign bank must have a banking relationship with a U.S. bank, although the U.S. bank does not have to be an affiliate or otherwise related to the foreign bank.  Small local banks may not be able to affect an international wire transfer but most large banks can.  If your bank is able to transfer money to the U.S., it will ask you to complete an application for international wiring.  You will need the Routing Transit Number (RTN), also known as the American Banking Association (ABA), number for the “Destination Bank”, sometimes referred to by banks as “Beneficiary’s Bank”.

To complete a wire transfer you will need the following information:

  • A completed Same-Day Taxpayer Worksheet
  • IRS account number – 20092900IRS (optional)
  • IRS account RTN/ABA Number – 091036164 US TREAS SINGLE TX

Note - Please complete the Same Day Taxpayer Worksheet PRIOR to going to your bank.  The information from the worksheet will be needed to complete the wiring application required by the bank.

The financial institution may charge you a fee for the wiring service.  If your foreign bank needs assistance, they may contact the Federal Tax Payment Service Customer Service at 314-425-1810 (Not toll free).  If you have questions regarding international wiring, please contact your local office internationally for assistance.

For more information on electronic payment options, download the Publication 966, Electronic Choices to Pay All Your Federal Taxes (PDF 796 KB).

 

Foreign Electronic Payments – Tax Type Code

Tax Type Codes for Individuals:

Form Number Form Name & Type of Payment 5-Digit Tax Type Code

1040

US Individual Income Tax Return  

Payment for amended return

10400

Extension filed

10402

Advance payment of deficiency

10404

Estimated tax payment

10406

Subsequent Payment (on return or IRS Notice)

10407

 

Tax Type Codes for Businesses:

Form Number Form Name (Type of Payment) 5-Digit Tax Type Code
720

Quarterly Excise Tax Return

Deposit

 

72005

Payment due on return or IRS notice

72007

940

Employer’s Annual Unemployment Tax (FUTA)

Deposit

 

09405

Payment due on return or IRS notice

09407

941

Employer’s Quarterly Employment Tax (FICA)

Deposit

 

94105

Payment due on return or IRS notice

94107

Deficiency assessed by IRS

94104

944

Employer’s Annual Employment Tax

Deposit

 

94405

Payment due on return or IRS notice

94407

945

Withheld Federal Income Tax

Deposit

 

09455

Payment due on return or IRS notice

09457

990T

Exempt Organization Business Income Tax

Deposit

 

99046

Payment with return or IRS notice

99047

Payment due on extension

99042

1041

Fiduciary Income Tax Return

Payment due on return or IRS notice

 

10417

Estimated return payment

10416

Payment on extension

10412

1042

Annual Withholding Tax Return for U.S. Source Income for 
Foreign Persons

Deposit


 

10425

Payment due on return or IRS Notice

10427

1120

US Corporate Income Tax

Deposit

 

11206

Payment due on return or IRS Notice

11207

Payment due on extension

11202

Amended return

11200

2290 Heavy Vehicle Use Tax

22907

8804 Annual Return of Partnership Withholding Tax (Section 1446)

88047

8489 Civil Penalty

84894

 

References/Related Topics

Page Last Reviewed or Updated: 24-Oct-2013

The Free State Tax Efile

Free state tax efile Internal Revenue Bulletin:  2013-12  March 18, 2013  Rev. Free state tax efile Proc. Free state tax efile 2013-21 Table of Contents SECTION 1. Free state tax efile PURPOSE SECTION 2. Free state tax efile BACKGROUND SECTION 3. Free state tax efile SCOPE SECTION 4. Free state tax efile APPLICATION. Free state tax efile 01 Limitations on Depreciation Deductions for Certain Automobiles. Free state tax efile . Free state tax efile 02 Inclusions in Income of Lessees of Passenger Automobiles. Free state tax efile SECTION 5. Free state tax efile EFFECTIVE DATE SECTION 6. Free state tax efile DRAFTING INFORMATION SECTION 1. Free state tax efile PURPOSE This revenue procedure provides: (1) limitations on depreciation deductions for owners of passenger automobiles first placed in service by the taxpayer during calendar year 2013, including separate tables of limitations on depreciation deductions for trucks and vans; and (2) the amounts that must be included in income by lessees of passenger automobiles first leased by the taxpayer during calendar year 2013, including a separate table of inclusion amounts for lessees of trucks and vans. Free state tax efile The tables detailing these depreciation limitations and lessee inclusion amounts reflect the automobile price inflation adjustments required by § 280F(d)(7) of the Internal Revenue Code. Free state tax efile SECTION 2. Free state tax efile BACKGROUND . Free state tax efile 01 For owners of passenger automobiles, § 280F(a) imposes dollar limitations on the depreciation deduction for the year the taxpayer places the passenger automobile in service and for each succeeding year. Free state tax efile For passenger automobiles placed in service after 1988, § 280F(d)(7) requires the Internal Revenue Service to increase the amounts allowable as depreciation deductions by a price inflation adjustment amount. Free state tax efile The method of calculating this price inflation amount for trucks and vans placed in service in or after calendar year 2003 uses a different CPI “automobile component” (the “new trucks” component) than that used in the price inflation amount calculation for other passenger automobiles (the “new cars” component), resulting in somewhat higher depreciation deductions for trucks and vans. Free state tax efile This change reflects the higher rate of price inflation for trucks and vans since 1988. Free state tax efile . Free state tax efile 02 Section 331(a) of the American Taxpayer Relief Act of 2012, Pub. Free state tax efile L. Free state tax efile No. Free state tax efile 112-240, 126 Stat. Free state tax efile 2313 (Jan. Free state tax efile 2, 2013) (the “Act”) extended the 50 percent additional first year depreciation deduction under § 168(k) to qualified property acquired by the taxpayer after December 31, 2007, and before January 1, 2014, if no written binding contract for the acquisition of the property existed before January 1, 2008, and if the taxpayer places the property in service generally before January 1, 2014. Free state tax efile Section 168(k)(2)(F)(i) increases the first year depreciation allowed under § 280F(a)(1)(A)(i) by $8,000 for passenger automobiles to which the additional first year depreciation deduction under § 168(k) (hereinafter, referred to as “§ 168(k) additional first year depreciation deduction”) applies. Free state tax efile . Free state tax efile 03 Section 168(k)(2)(D)(i) provides that the § 168(k) additional first year depreciation deduction does not apply to any property required to be depreciated under the alternative depreciation system of § 168(g), including property described in § 280F(b)(1). Free state tax efile Section 168(k)(2)(D)(iii) permits a taxpayer to elect out of the § 168(k) additional first year depreciation deduction for any class of property. Free state tax efile Section 168(k)(4), as amended by the Act, permits a corporation to elect to increase the alternative minimum tax (“AMT”) credit limitation under § 53(c), instead of claiming the § 168(k) additional first year depreciation deduction for all eligible qualified property placed in service after December 31, 2012, that is round 3 extension property (as defined in § 168(k)(4)(J)(iv)). Free state tax efile Accordingly, this revenue procedure provides tables for passenger automobiles for which the § 168(k) additional first year depreciation deduction applies. Free state tax efile This revenue procedure also provides tables for passenger automobiles for which the § 168(k) additional first year depreciation deduction does not apply, either because taxpayer: (1) purchased the passenger automobile used; (2) did not use the passenger automobile during 2013 more than 50 percent for business purposes; (3) elected out of the § 168(k) additional first year depreciation deduction pursuant to § 168(k)(2)(D)(iii); or (4) elected to increase the § 53 AMT credit limitation in lieu of claiming § 168(k) additional first year depreciation. Free state tax efile . Free state tax efile 04 Section 280F(c) requires a reduction in the deduction allowed to the lessee of a leased passenger automobile. Free state tax efile The reduction must be substantially equivalent to the limitations on the depreciation deductions imposed on owners of passenger automobiles. Free state tax efile Under § 1. Free state tax efile 280F-7(a) of the Income Tax Regulations, this reduction requires a lessee to include in gross income an amount determined by applying a formula to the amount obtained from a table. Free state tax efile One table applies to lessees of trucks and vans and another table applies to all other passenger automobiles. Free state tax efile Each table shows inclusion amounts for a range of fair market values for each taxable year after the passenger automobile is first leased. Free state tax efile SECTION 3. Free state tax efile SCOPE . Free state tax efile 01 The limitations on depreciation deductions in section 4. Free state tax efile 01(2) of this revenue procedure apply to passenger automobiles (other than leased passenger automobiles) that are placed in service by the taxpayer in calendar year 2013, and continue to apply for each taxable year that the passenger automobile remains in service. Free state tax efile . Free state tax efile 02 The tables in section 4. Free state tax efile 02 of this revenue procedure apply to leased passenger automobiles for which the lease term begins during calendar year 2013. Free state tax efile Lessees of these passenger automobiles must use these tables to determine the inclusion amount for each taxable year during which the passenger automobile is leased. Free state tax efile See Rev. Free state tax efile Proc. Free state tax efile 2008-22, 2008-1 C. Free state tax efile B. Free state tax efile 658, for passenger automobiles first leased during calendar year 2008; Rev. Free state tax efile Proc. Free state tax efile 2009-24, 2009-17 I. Free state tax efile R. Free state tax efile B. Free state tax efile 885, for passenger automobiles first leased during calendar year 2009; Rev. Free state tax efile Proc. Free state tax efile 2010-18, 2010-09 I. Free state tax efile R. Free state tax efile B. Free state tax efile 427, as amplified and modified by section 4. Free state tax efile 03 of Rev. Free state tax efile Proc. Free state tax efile 2011-21, 2011-12 I. Free state tax efile R. Free state tax efile B. Free state tax efile 560, for passenger automobiles first leased during calendar year 2010; Rev. Free state tax efile Proc. Free state tax efile 2011-21, for passenger automobiles first leased during calendar year 2011; and Rev. Free state tax efile Proc. Free state tax efile 2012-23, 2012-14 I. Free state tax efile R. Free state tax efile B. Free state tax efile 712, for passenger automobiles first leased during calendar year 2012. Free state tax efile SECTION 4. Free state tax efile APPLICATION . Free state tax efile 01 Limitations on Depreciation Deductions for Certain Automobiles. Free state tax efile (1) Amount of the inflation adjustment. Free state tax efile (a) Passenger automobiles (other than trucks or vans). Free state tax efile Under § 280F(d)(7)(B)(i), the automobile price inflation adjustment for any calendar year is the percentage (if any) by which the CPI automobile component for October of the preceding calendar year exceeds the CPI automobile component for October 1987. Free state tax efile Section 280F(d)(7)(B)(ii) defines the term “CPI automobile component” as the automobile component of the Consumer Price Index for all Urban Consumers published by the Department of Labor. Free state tax efile The new car component of the CPI was 115. Free state tax efile 2 for October 1987 and 143. Free state tax efile 787 for October 2012. Free state tax efile The October 2012 index exceeded the October 1987 index by 28. Free state tax efile 587. Free state tax efile Therefore, the automobile price inflation adjustment for 2013 for passenger automobiles (other than trucks and vans) is 24. Free state tax efile 8 percent (28. Free state tax efile 587/115. Free state tax efile 2 x 100%). Free state tax efile The dollar limitations in § 280F(a) are multiplied by a factor of 0. Free state tax efile 248, and the resulting increases, after rounding to the nearest $100, are added to the 1988 limitations to give the depreciation limitations applicable to passenger automobiles (other than trucks and vans) for calendar year 2013. Free state tax efile This adjustment applies to all passenger automobiles (other than trucks and vans) that are first placed in service in calendar year 2013. Free state tax efile (b) Trucks and vans. Free state tax efile To determine the dollar limitations for trucks and vans first placed in service during calendar year 2013, the Service uses the new truck component of the CPI instead of the new car component. Free state tax efile The new truck component of the CPI was 112. Free state tax efile 4 for October 1987 and 149. Free state tax efile 386 for October 2012. Free state tax efile The October 2012 index exceeded the October 1987 index by 36. Free state tax efile 986. Free state tax efile Therefore, the automobile price inflation adjustment for 2013 for trucks and vans is 32. Free state tax efile 9 percent (36. Free state tax efile 986/112. Free state tax efile 4 x 100%). Free state tax efile The dollar limitations in § 280F(a) are multiplied by a factor of 0. Free state tax efile 329, and the resulting increases, after rounding to the nearest $100, are added to the 1988 limitations to give the depreciation limitations for trucks and vans. Free state tax efile This adjustment applies to all trucks and vans that are first placed in service in calendar year 2013. Free state tax efile (2) Amount of the limitation. Free state tax efile Tables 1 through 4 contain the dollar amount of the depreciation limitation for each taxable year for passenger automobiles a taxpayer places in service in calendar year 2013. Free state tax efile Use Table 1 for a passenger automobile (other than a truck or van), and Table 2 for a truck or van, placed in service in calendar year 2013 for which the § 168(k) additional first year depreciation deduction applies. Free state tax efile Use Table 3 for a passenger automobile (other than a truck or van), and Table 4 for a truck or van, placed in service in calendar year 2013 for which the § 168(k) additional first year depreciation deduction does not apply. Free state tax efile REV. Free state tax efile PROC. Free state tax efile 2013-21 TABLE 1 DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) PLACED IN SERVICE IN CALENDAR YEAR 2013 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES Tax Year Amount 1st Tax Year $11,160 2nd Tax Year $5,100 3rd Tax Year $3,050 Each Succeeding Year $1,875 REV. Free state tax efile PROC. Free state tax efile 2013-21 TABLE 2 DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2013 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES Tax Year Amount 1st Tax Year $11,360 2nd Tax Year $5,400 3rd Tax Year $3,250 Each Succeeding Year $1,975 REV. Free state tax efile PROC. Free state tax efile 2013-21 TABLE 3 DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) PLACED IN SERVICE IN CALENDAR YEAR 2013 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION DOES NOT APPLY Tax Year Amount 1st Tax Year $3,160 2nd Tax Year $5,100 3rd Tax Year $3,050 Each Succeeding Year $1,875 REV. Free state tax efile PROC. Free state tax efile 2013-21 TABLE 4 DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2013 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION DOES NOT APPLY Tax Year Amount 1st Tax Year $3,360 2nd Tax Year $5,400 3rd Tax Year $3,250 Each Succeeding Year $1,975 . Free state tax efile 02 Inclusions in Income of Lessees of Passenger Automobiles. Free state tax efile A taxpayer must follow the procedures in § 1. Free state tax efile 280F-7(a) for determining the inclusion amounts for passenger automobiles first leased in calendar year 2013. Free state tax efile In applying these procedures, lessees of passenger automobiles other than trucks and vans should use Table 5 of this revenue procedure, while lessees of trucks and vans should use Table 6 of this revenue procedure. Free state tax efile REV. Free state tax efile PROC. Free state tax efile 2013-21 TABLE 5 DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2013 Fair Market Value of Passenger Automobile Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th & later $19,000 $19,500 2 4 6 7 8 19,500 20,000 2 5 6 9 9 20,000 20,500 2 5 8 9 11 20,500 21,000 3 6 8 10 12 21,000 21,500 3 6 10 11 13 21,500 22,000 3 7 10 13 14 22,000 23,000 4 8 11 14 16 23,000 24,000 4 9 14 16 18 24,000 25,000 5 10 15 18 21 25,000 26,000 5 12 16 21 23 26,000 27,000 6 12 19 23 25 27,000 28,000 6 14 20 25 28 28,000 29,000 7 15 22 27 30 29,000 30,000 7 16 24 29 33 30,000 31,000 8 17 26 31 35 31,000 32,000 8 19 27 33 38 32,000 33,000 9 20 29 35 40 33,000 34,000 10 21 31 37 43 34,000 35,000 10 22 33 39 45 35,000 36,000 11 23 35 41 48 36,000 37,000 11 25 36 43 50 37,000 38,000 12 26 38 45 53 38,000 39,000 12 27 40 47 55 39,000 40,000 13 28 42 49 58 40,000 41,000 13 29 44 52 59 41,000 42,000 14 30 45 54 63 42,000 43,000 14 32 47 56 64 43,000 44,000 15 33 48 59 67 44,000 45,000 15 34 51 60 69 45,000 46,000 16 35 52 63 72 46,000 47,000 17 36 54 65 74 47,000 48,000 17 38 55 67 77 48,000 49,000 18 39 57 69 79 49,000 50,000 18 40 59 71 82 50,000 51,000 19 41 61 73 84 51,000 52,000 19 42 63 75 87 52,000 53,000 20 43 65 77 89 53,000 54,000 20 45 66 79 92 54,000 55,000 21 46 68 81 94 55,000 56,000 21 47 70 84 96 56,000 57,000 22 48 72 85 99 57,000 58,000 22 50 73 88 101 58,000 59,000 23 51 75 90 103 59,000 60,000 24 52 76 92 106 60,000 62,000 24 54 79 95 110 62,000 64,000 25 56 83 99 115 64,000 66,000 27 58 87 103 120 66,000 68,000 28 60 90 108 125 68,000 70,000 29 63 93 112 130 70,000 72,000 30 65 97 117 134 72,000 74,000 31 68 100 121 139 74,000 76,000 32 70 104 125 144 76,000 78,000 33 73 107 129 149 78,000 80,000 34 75 111 133 154 80,000 85,000 36 79 117 141 162 85,000 90,000 39 85 126 151 174 90,000 95,000 41 91 135 162 186 95,000 100,000 44 97 144 172 199 100,000 110,000 48 106 157 188 217 110,000 120,000 53 118 174 210 241 120,000 130,000 59 129 193 230 266 130,000 140,000 64 141 210 252 290 140,000 150,000 70 153 227 273 315 150,000 160,000 75 165 245 294 339 160,000 170,000 80 177 263 315 363 170,000 180,000 86 189 280 336 388 180,000 190,000 91 201 298 357 412 190,000 200,000 97 212 316 378 436 200,000 210,000 102 224 333 400 461 210,000 220,000 107 236 351 420 486 220,000 230,000 113 248 368 442 509 230,000 240,000 118 260 386 463 534 240,000 And up 124 272 403 484 558 REV. Free state tax efile PROC. Free state tax efile 2013-21 TABLE 6 DOLLAR AMOUNTS FOR TRUCKS AND VANS WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2013 Fair Market Value of Truck or Van Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th & later $19,000 $19,500 1 3 4 5 6 19,500 20,000 2 3 5 6 7 20,000 20,500 2 4 6 7 8 20,500 21,000 2 5 7 8 9 21,000 21,500 2 5 8 9 11 21,500 22,000 3 6 8 10 12 22,000 23,000 3 7 10 11 14 23,000 24,000 4 8 11 14 16 24,000 25,000 4 9 14 16 18 25,000 26,000 5 10 15 18 21 26,000 27,000 5 12 17 20 23 27,000 28,000 6 13 18 23 25 28,000 29,000 6 14 20 25 28 29,000 30,000 7 15 22 27 30 30,000 31,000 7 16 24 29 33 31,000 32,000 8 17 26 31 35 32,000 33,000 8 19 27 33 38 33,000 34,000 9 20 29 35 41 34,000 35,000 10 21 31 37 43 35,000 36,000 10 22 33 39 46 36,000 37,000 11 23 35 41 48 37,000 38,000 11 25 36 43 51 38,000 39,000 12 26 38 45 53 39,000 40,000 12 27 40 48 55 40,000 41,000 13 28 42 49 58 41,000 42,000 13 29 44 52 60 42,000 43,000 14 30 46 54 62 43,000 44,000 14 32 47 56 65 44,000 45,000 15 33 48 59 67 45,000 46,000 15 34 51 60 70 46,000 47,000 16 35 52 63 72 47,000 48,000 17 36 54 65 74 48,000 49,000 17 38 55 67 77 49,000 50,000 18 39 57 69 79 50,000 51,000 18 40 59 71 82 51,000 52,000 19 41 61 73 84 52,000 53,000 19 42 63 75 87 53,000 54,000 20 43 65 77 89 54,000 55,000 20 45 66 80 91 55,000 56,000 21 46 68 81 94 56,000 57,000 21 47 70 84 96 57,000 58,000 22 48 72 86 98 58,000 59,000 22 50 73 88 101 59,000 60,000 23 51 75 90 103 60,000 62,000 24 52 78 93 108 62,000 64,000 25 55 81 97 113 64,000 66,000 26 57 85 101 118 66,000 68,000 27 60 88 106 122 68,000 70,000 28 62 92 110 127 70,000 72,000 29 64 96 114 132 72,000 74,000 30 67 99 118 137 74,000 76,000 31 69 103 122 142 76,000 78,000 32 72 105 127 147 78,000 80,000 34 73 110 131 151 80,000 85,000 35 78 116 138 160 85,000 90,000 38 84 124 149 172 90,000 95,000 41 90 133 160 184 95,000 100,000 44 95 142 171 196 100,000 110,000 48 104 156 186 214 110,000 120,000 53 116 173 207 240 120,000 130,000 58 128 191 228 264 130,000 140,000 64 140 208 249 288 140,000 150,000 69 152 226 270 313 150,000 160,000 75 164 243 292 336 160,000 170,000 80 176 261 312 361 170,000 180,000 85 188 278 334 386 180,000 190,000 91 199 296 355 410 190,000 200,000 96 211 314 376 434 200,000 210,000 101 223 332 397 459 210,000 220,000 107 235 349 418 483 220,000 230,000 112 247 367 439 507 230,000 240,000 118 259 384 460 532 240,000 And up 123 271 401 482 556 SECTION 5. Free state tax efile EFFECTIVE DATE This revenue procedure applies to passenger automobiles that a taxpayer first places in service or first leases during calendar year 2013. Free state tax efile SECTION 6. Free state tax efile DRAFTING INFORMATION The principal author of this revenue procedure is Bernard P. Free state tax efile Harvey of the Office of Associate Chief Counsel (Income Tax & Accounting). Free state tax efile For further information regarding this revenue procedure, contact Mr. Free state tax efile Harvey at (202) 622-4930 (not a toll-free call). Free state tax efile Prev  Up  Next   Home   More Internal Revenue Bulletins