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Free Tax 2007

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Free Tax 2007

Free tax 2007 Index Symbols Árboles y plantas Costo de, cuando se trata de pérdidas por hecho fortuito o robo, Deterioro progresivo. Free tax 2007 , Jardines. Free tax 2007 Órdenes de relaciones domésticas calificadas (QDRO) Reinversión de distribución de plan de jubilación, Orden de relaciones domésticas calificadas (QDRO, por sus siglas en inglés). Free tax 2007 A Abandono de vivienda, Abandono. Free tax 2007 Abogados Cursos de preparación para el examen de reválida de derecho, Curso de preparación para el examen de reválida de derecho o para el examen para contadores públicos autorizados Aborto Posibilidad de deducir como gasto médico, Tabla 21-1. Free tax 2007 Lista de Gastos Médicos y Dentales. Free tax 2007 Vea la Publicación 502 para más información sobre estos gastos, entre otros. Free tax 2007 Accidentes, automovilísticos, Pérdidas deducibles. Free tax 2007 Determinación de valor, Valor de automóviles. Free tax 2007 Negligencia o acto intencionado como causa, Pérdidas no deducibles. Free tax 2007 Acciones, Excepciones para tipos especiales de reembolso. Free tax 2007 (see also Valores) Acciones conforme a la sección 1244 Pérdidas sobre, Pérdidas en Acciones Conforme a la Sección 1244 (Pequeño Negocio) Acciones fraccionarias Pago por, Acciones fraccionarias. Free tax 2007 Acciones preferentes Rescatables por una prima, Acciones preferentes rescatables por una prima. Free tax 2007 Acciones y bonos convertibles, Acciones y bonos convertibles. Free tax 2007 Accionistas, Excepciones para tipos especiales de reembolso. Free tax 2007 (see also Valores) Deudas, Deuda de accionistas. Free tax 2007 ACRS (Sistema acelerado de recuperación de costos) Propiedad de alquiler Impuesto mínimo alternativo, Impuesto mínimo alternativo. Free tax 2007 Actividad pasiva, Otras transacciones de bienes. Free tax 2007 Declaración de ganancias o pérdidas, Ganancias y pérdidas provenientes de una actividad pasiva. Free tax 2007 Pérdidas, Pérdidas de actividades de alquiler. Free tax 2007 , Pérdidas de actividades pasivas. Free tax 2007 Excepción para agentes de bienes raíces, Agentes de bienes raíces. Free tax 2007 Intereses de inversión y, Intereses Procedentes de Inversiones Propiedad de alquiler, Límites sobre las Pérdidas de Alquiler, Límites sobre las Actividades Pasivas, Límites sobre las deducciones y los créditos de actividades pasivas. Free tax 2007 Actividad sustancial remunerada, Actividad sustancial remunerada. Free tax 2007 Actividades ilegales Cómo declarar, Actividades ilegales. Free tax 2007 Actividades sin fines de lucro, Actividad sin fines de lucro. Free tax 2007 Activos no de capital, Bienes de Capital y Bienes que no Son de Capital Acuerdo de manutención múltiple, Acuerdo de Manutención Múltiple Acuerdos de separación Definición para propósitos de la pensión para el cónyuge divorciado, Documento (instrumento) de divorcio o separación judicial. Free tax 2007 Acuerdos viáticos, Acuerdos viáticos. Free tax 2007 , Exclusión por enfermedad mortal. Free tax 2007 Acuse de recibo, Acuse de recibo. Free tax 2007 Administradores, de patrimonio (see Albaceas y administradores) Adopción Ayuda provista por el empleador, Ayuda para Adopción Crédito tributario por hijos, Hijo adoptivo. Free tax 2007 (see also Crédito tributario por hijos) Créditos, Gastos Personales, Crédito por Adopción Casados que presentan la declaración por separado, Reglas Especiales Cómo reclamar los, Cuándo reclamar el crédito. Free tax 2007 Excepción por hijo adoptivo, Excepción por hijo adoptivo. Free tax 2007 Exención por hijo, Gastos Personales Gastos médicos y dentales del hijo adoptivo, Hijo Calificado Gastos no deducibles Cuidado de crianza previo a, ninguna deducción caritativa, Padres de crianza. Free tax 2007 Ninguna deducción caritativa por, Gastos Personales Hijo extranjero, Hijo extranjero. Free tax 2007 Número de identificación de contribuyente en proceso de adopción, Número de identificación personal del contribuyente del Servicio de Impuestos Internos. Free tax 2007 Número de identificación del contribuyente, Número de identificación del contribuyente para adopción (ATIN, por sus siglas en inglés). Free tax 2007 Número de identificación del contribuyente en proceso de adopción (ATIN, por sus siglas en inglés), Número de identificación del contribuyente en proceso de adopción. Free tax 2007 Número de identificación del contribuyente para adopción (ATIN, por sus siglas en inglés), Número de identificación del contribuyente para adopción (ATIN, por sus siglas en inglés). Free tax 2007 Números de identificación del contribuyente (TIN, por sus siglas en inglés). Free tax 2007 , Número de identificación del contribuyente en proceso de adopción. Free tax 2007 Agente corredor bursátil Recibir dividendos, cómo declararlos en el Formulario 1099-MISC, Formulario 1099-MISC. Free tax 2007 Agentes, Pérdidas sobre ventas o canjes de bienes. Free tax 2007 (see also Fiduciarios) Firmar la declaración, Cuándo puede firmar otra persona por usted. Free tax 2007 Ingresos pagados a, Pago a un agente. Free tax 2007 Agentes de bolsa Arreglos IRA con, ¿Cuándo y Cómo se Puede Abrir un Arreglo IRA Tradicional? Formulario 1099-B, Ventas y Canjes Agentes de seguros Deducción de gastos, Empleados estatutarios. Free tax 2007 Agricultura Actividad sin fines de lucro, Actividad sin fines de lucro. Free tax 2007 Deuda cancelada, trato de, Deuda excluida. Free tax 2007 Dividendos de patrocinio, Dividendos de patrocinio. Free tax 2007 Agua embotellada, Tabla 21-1. Free tax 2007 Lista de Gastos Médicos y Dentales. Free tax 2007 Vea la Publicación 502 para más información sobre estos gastos, entre otros. Free tax 2007 Ahorro de energía Descuentos de servicios públicos, Descuentos de servicios públicos. Free tax 2007 Medidas y modificaciones, Medidas de ahorro de energía. Free tax 2007 Subsidios, Subsidios por ahorro de energía. Free tax 2007 Exclusión como ajuste a la base, Exclusión de subsidios por sistemas de ahorro de energía. Free tax 2007 Ahorros Bonos, Bonos de Ahorro de los Estados Unidos, Intereses de bonos de ahorro de los EE. Free tax 2007 UU. Free tax 2007 declarados anteriormente. Free tax 2007 Bonos de ahorro utilizados para estudios, Programa de Bonos de Ahorro para Estudios Certificado, Certificados de depósito y otras cuentas de intereses diferidos. Free tax 2007 , Certificados de depósito. Free tax 2007 Ajuste por deudas, Ajuste por deudas. Free tax 2007 Ajustes, Ajustes y elementos de preferencia tributaria. Free tax 2007 Alaska Asignación estándar para comidas, Asignación estándar de comidas para zonas fuera de los Estados Unidos continentales. Free tax 2007 Alaska Permanent Fund (Dividendos del Fondo Permanente de Alaska), Dividendo del Alaska Permanent Fund (Fondo Permanente de Alaska). Free tax 2007 Albaceas y administradores, Cónyuges Sobrevivientes, Albaceas, Administradores y Representantes Legales Transacciones entre partes vinculadas, Pérdidas sobre ventas o canjes de bienes. Free tax 2007 Alivio de la responsabilidad tributaria del cónyuge inocente Declaraciones conjuntas, Alivio tributario en el caso de obligación conjunta. Free tax 2007 Formulario 8857(SP), Alivio tributario en el caso de obligación conjunta. Free tax 2007 Alivio equitativo (see Alivio de la responsabilidad tributaria del cónyuge inocente) Alojamiento, Alojamiento. Free tax 2007 (see Gastos de comida y alojamiento) Alquiler de oficina, posibilidad de deducir, Apoyo Administrativo y Alquiler de Oficina Alquiler de terreno rescatable Deducción como intereses hipotecarios, Alquiler de terreno rescatable. Free tax 2007 Alquileres por cobrar Ingresos, Alquileres por cobrar. Free tax 2007 Alternativas para presentar la declaración de impuestos Por medios electrónicos (see Sistema electrónico e-file para la presentación de declaraciones ) Amenazas Pérdidas debido a, Robo Amortización Primas sobre bonos, trato de, Amortización de primas sobre bonos. Free tax 2007 AMT (see Impuesto mínimo alternativo (AMT, por sus siglas en inglés)) Ancianos Asesoramiento Tributario para Ancianos, Ayuda Gratuita con la Preparación de la Declaración de Impuestos Crédito para, Reglas Especiales (see Ancianos o personas incapacitadas, crédito para) Cuidados a largo plazo (see Contratos de seguro de cuidados a largo plazo) Deducción estándar para personas que tengan 65 años de edad o más, Introduction, Deducción Estándar Más Alta por Edad (65 Años de Edad o Más) Programa de Nutrición para Ancianos, Programa de Nutrición para Ancianos. Free tax 2007 Residencia de ancianos, Residencia de ancianos. Free tax 2007 Ancianos o personas incapacitadas, crédito para, Puede usar el Formulario 1040A si se dan todas las siguientes situaciones: Casados que presentan la declaración por, Reglas Especiales Anexo, Donaciones Para Reducir la Deuda Pública, Proveedores de cuidado de menores. Free tax 2007 , Servicios de ayuda para obtener otro trabajo. Free tax 2007 , Vivienda. Free tax 2007 , Pagos por enfermedad conforme a la ley del seguro ferroviario. Free tax 2007 (see also Formulario 1040) A-F, R, SE del Formulario 1040 (see Formulario 1040) B (Formulario 1040A), Parte I, Formulario 1040A. Free tax 2007 K-1 Beneficiarios que reciben ingresos de un caudal hereditario o fideicomiso. Free tax 2007 , Beneficiario de un caudal hereditario o fideicomiso. Free tax 2007 Ingresos de sociedad anónima de tipo S, Anexo K-1 (Formulario 1120S). Free tax 2007 Ingresos de sociedades colectivas, Anexo K-1 (Formulario 1065). Free tax 2007 K-1, Formulario 1041, Beneficiario de un caudal hereditario o fideicomiso. Free tax 2007 R (Formulario 1040A o Formulario 1040), El Crédito Calculado por Usted Mismo Anexos A-F, R, SE (Formulario 1040) (see Formulario 1040) Anfitrión o anfitriona, Anfitrión o Anfitriona Año fiscal, Períodos Contables, Contribuyentes según año fiscal. Free tax 2007 , Años Fiscales Año tributario, ¿Cuándo Tengo que Presentar la Declaración?, ¿Cuándo Declaro los Ingresos y Gastos?, Períodos Contables (see also Períodos contables) Año tributario corto Cambio al período contable anual, Personas que no reúnen los requisitos para la deducción estándar. Free tax 2007 Antigüedades (see Artículos coleccionables) Anualidades, Reinversiones (see also Reinversiones) Anualidad de sobreviviente, Sobrevivientes y Beneficiarios Anualidades compradas, Anualidades compradas. Free tax 2007 Anualidades de jubilación, Planes de Jubilación, Pensiones y Anualidades (see also Planes de jubilación) Arreglos IRA como, Tipos de arreglos IRA tradicionales. Free tax 2007 Beneficios de varios planes, Más de un programa. Free tax 2007 , Más de una anualidad. Free tax 2007 Cálculo del costo, Costo (Inversión en el Contrato) Canje de pólizas de seguros y anualidades, Pólizas de seguros y anualidades. Free tax 2007 Declaración conjunta, Declaración conjunta. Free tax 2007 Declaración de, Cómo Hacer la Declaración Distribuciones de suma global, Distribuciones de Suma Global Distribuciones prematuras de, Impuesto sobre Distribuciones Prematuras Contratos de anualidad diferida, Tasa del 5% en ciertas distribuciones prematuras de contratos de anualidad diferida. Free tax 2007 , Excepciones adicionales para contratos de anualidad no calificados. Free tax 2007 Impuesto estimado, Retención e impuesto estimado. Free tax 2007 Inversión no recuperada, Inversión no Recuperada en una Anualidad Inversión no recuperada del difunto en, Formulario W-2. Free tax 2007 Límite de exclusión, Límite de exclusión. Free tax 2007 Método simplificado para calcular la parte exenta de impuestos del pago de la anualidad, Método Simplificado Anualidad de sobreviviente, Sobrevivientes de jubilados. Free tax 2007 Hoja de trabajo, Cómo usar el Método Simplificado. Free tax 2007 Pagos garantizados, Pagos garantizados. Free tax 2007 Pagos parcialmente tributables, Pagos parcialmente tributables. Free tax 2007 Préstamos del plan, Préstamos. Free tax 2007 Regla General Anualidades compradas, Anualidades compradas. Free tax 2007 Regla general Anualidad cuya fecha de inicio es anterior al 19 de noviembre de 1996, Anualidad cuya fecha de inicio es anterior al 19 de noviembre de 1996. Free tax 2007 Anualidad de sobreviviente, Sobrevivientes de jubilados. Free tax 2007 Planes no calificados y planes calificados para beneficiarios mayores de 75 años de edad, Quién tiene que usar la Regla General. Free tax 2007 Reinversiones, Reinversiones Retención, Formulario W-2. Free tax 2007 , Pensiones y Anualidades, Retención e impuesto estimado. Free tax 2007 Venta de, Venta de Anualidad Ganancia como ingreso ordinario, Intercambio exento de impuestos. Free tax 2007 Aplazamiento de la declaración de una ganancia Venta de vivienda, Base Ajustada Base ajustada, Ganancia aplazada de la venta de una vivienda. Free tax 2007 Aplazamientos electivos Límites, Aplazamientos electivos. Free tax 2007 Aportaciones, Tabla 24-1. Free tax 2007 Ejemplos de Donaciones Caritativas —Verificación Rápida (see also Aportaciones para campañas políticas) Aportaciones de cantidades iguales a las recibidas como ciudadano en reserva militar, Aportaciones de cantidades iguales a las recibidas como ciudadano en reserva militar que reúna los requisitos. Free tax 2007 Aportaciones a un fondo de ayuda económica, Aportaciones a un Fondo de Ayuda Económica Aportaciones para campañas políticas, Tabla 24-1. Free tax 2007 Ejemplos de Donaciones Caritativas —Verificación Rápida, Donaciones Hechas a Organizaciones no Calificadas Aportes, Aportes para campañas políticas. Free tax 2007 (see also Aportes para campañas políticas) Aportes para campañas políticas, Aportes para campañas políticas. Free tax 2007 Apoyo administrativo, posibilidad de deducir, Apoyo Administrativo y Alquiler de Oficina Arreglos de ahorros para la jubilación, Reglas Especiales (see also Cuentas Roth IRA ) Aportaciones Crédito por (see Crédito por aportaciones a arreglos de ahorros para la jubilación) Arreglos de ahorros para la jubilación (IRA) Retención, Pensiones y Anualidades Arreglos de ahorros para la jubilación (IRA, por sus siglas en inglés), Reglas Especiales, Reinversiones, Arreglos de Ahorros para la Jubilación (Arreglos IRA), Reinversiones, Arreglos Roth IRA , Información adicional. Free tax 2007 (see also Reinversiones) 70 años y medio de edad Distribuciones obligatorias a, Dueños de arreglos IRA. Free tax 2007 , Cantidades Acumuladas en Exceso (Distribuciones Insuficientes) Límite a las aportaciones a, Regla de la edad de 70 años y medio. Free tax 2007 Abrir un arreglo, ¿Quién Puede Abrir un Arreglo IRA Tradicional? Dónde abrir un arreglo, ¿Cuándo y Cómo se Puede Abrir un Arreglo IRA Tradicional? Fecha de, ¿Cuándo y Cómo se Puede Abrir un Arreglo IRA Tradicional? Aportaciones, Reglas Especiales, Arreglos de ahorros para la jubilación. Free tax 2007 Aportación a un arreglo Roth IRA para el mismo año, Arreglos Roth IRA y arreglos IRA tradicionales. Free tax 2007 Cómo indicar el año de la aportación, Cómo indicar el año de la aportación. Free tax 2007 en Exceso, Aportaciones en Exceso Fecha del, ¿Cuándo se Pueden Hacer Aportaciones? No deducibles, Aportaciones no Deducibles No se exigen anualmente, No es obligatorio hacer aportaciones. Free tax 2007 Presentación de la declaración antes de hacer una aportación, Presentación de la declaración antes de hacer una aportación. Free tax 2007 Retiro antes de la fecha de vencimiento, Aportaciones devueltas antes de la fecha de vencimiento del plazo de entrega de la declaración. Free tax 2007 Aportaciones en Exceso, Aportaciones en Exceso Aportaciones no deducibles, Aportaciones no Deducibles Impuestos sobre ganancias derivadas de, Impuestos sobre ganancias derivadas de aportaciones no deducibles. Free tax 2007 Retiro prematuro, Aportaciones no deducibles. Free tax 2007 Arreglos IRA heredados, Pensión o arreglo IRA heredado. Free tax 2007 , Arreglos IRA Heredados, Arreglos IRA heredados. Free tax 2007 Distribuciones obligatorias, Beneficiarios. Free tax 2007 Arreglos IRA Kay Bailey Hutchison del cónyuge, Recordatorios, Límite de aportaciones a los arreglos Kay Bailey Hutchison IRA para cónyuges. Free tax 2007 , Arreglo Kay Bailey Hutchison IRA para el cónyuge. Free tax 2007 , Si su cónyuge tiene cobertura. Free tax 2007 Base de costo, Base de costos. Free tax 2007 , Tributables en parte. Free tax 2007 Cargos administrativos, Honorarios por Administración de un Fideicomiso de Arreglos IRA Cómo declarar Distribuciones, Cómo declarar distribuciones tributables en la declaración. Free tax 2007 Recaracterización de aportaciones, Cómo declarar una recaracterización. Free tax 2007 Contribuyentes divorciados, Traspasos a Raíz de un Divorcio Crédito por aportaciones a arreglos de ahorros para la jubilación, Reglas Especiales Crédito por aportaciones a cuentas de ahorros para la jubilación, Crédito por Aportaciones a Cuentas de Ahorro para la Jubilación (Crédito del Ahorrador) Deducción por, ¿Cuánto se Puede Deducir? Reducción paulatina, Reducción paulatina de la deducción. Free tax 2007 Definición de, Arreglos IRA Tradicionales Distribuciones A 59 años y medio de edad, Regla de la edad de 59 años y medio. Free tax 2007 , Excepciones. Free tax 2007 Distribuciones mínimas obligatorias (see este encabezamiento: Distribuciones obligatorias) (see este encabezamiento: Distribuciones obligatorias) Distribuciones obligatorias, Distribuciones obligatorias. Free tax 2007 , ¿Cuándo Tiene que Retirar Activos de un Arreglo IRA? (Distribuciones Mínimas Obligatorias) Acumulaciones en exceso, Cantidades Acumuladas en Exceso (Distribuciones Insuficientes) Distribuciones prematuras (see Retiro prematuro de una cuenta de intereses diferidos) Edad de 59 años y medio para fines de la distribución, Regla de la edad de 59 años y medio. Free tax 2007 Excepción a la regla, Excepciones. Free tax 2007 Fecha de tributación, Arreglos IRA Tradicionales Formularios que debe presentar Formulario 1099-R para declarar distribuciones, Distribuciones declaradas en el Formulario 1099-R. Free tax 2007 Formularios que se han de utilizar El Formulario 8606 para aportaciones no deducibles, Recordatorios Honorarios de administración, Honorarios de fideicomisarios. Free tax 2007 , Honorarios de fideicomisarios. Free tax 2007 Honorarios por administración de un fideicomiso, Honorarios por Administración de un Fideicomiso de Arreglos IRA Imponibilidad, Excepciones. Free tax 2007 Distribuciones, ¿Están Sujetas a Impuestos las Distribuciones? Ingresos brutos ajustados modificados (MAGI, por sus siglas en inglés) Cálculo de, Ingresos brutos ajustados modificados (MAGI, por sus siglas en inglés). Free tax 2007 Ingresos ordinarios, distribuciones como, Ingresos ordinarios. Free tax 2007 Intereses devengados de, trato de, Recordatorios Límites a las aportaciones, ¿Cuánto se Puede Aportar?, Límite general. Free tax 2007 Más de 50 años de edad,, Límite general. Free tax 2007 Menos de 50 años de edad,, Límite general. Free tax 2007 Matrimonios (see este encabezamiento: Arreglos IRA Kay Bailey Hutchison del cónyuge) (see este encabezamiento: Arreglos IRA Kay Bailey Hutchison del cónyuge) Multas, ¿Qué Acciones Dan Lugar a Multas o Impuestos Adicionales? Aportaciones en Exceso, Aportaciones en Exceso Declaración de exceso de aportaciones no deducibles, Multa por declarar aportaciones en exceso. Free tax 2007 Distribuciones obligatorias, no realizar, ¿Cuándo Tiene que Retirar Activos de un Arreglo IRA? (Distribuciones Mínimas Obligatorias), Cantidades Acumuladas en Exceso (Distribuciones Insuficientes) Distribuciones prematuras (see Retiro prematuro de una cuenta de intereses diferidos) No se presenta el Formulario 8606 para aportaciones no deducibles, Recordatorios, Multa por no presentar el Formulario 8606. Free tax 2007 Transacciones prohibidas, Efecto sobre un arreglo IRA. Free tax 2007 Participantes en un plan del empleador para la jubilación, Si está cubierto por un plan del empleador para la jubilación. Free tax 2007 , Límite si se Tiene Cobertura bajo un Plan del Empleador Personas que trabajan por cuenta propia, Ingresos de trabajo por cuenta propia. Free tax 2007 Recaracterización de la aportación, Recaracterizaciones Remuneración, definida, ¿Qué es remuneración? Retención, Retención. Free tax 2007 Retiros, ¿Cuándo Puede Retirar o Utilizar Activos de un Arreglo IRA?, Cómo tratar las aportaciones retiradas. Free tax 2007 Obligatorios (see este encabezamiento: Distribuciones obligatorias) Prematuros (see Retiro prematuro de una cuenta de intereses diferidos) Se permiten traspasos, ¿Puede Traspasar Activos de un Plan de Jubilación? A un arreglo Roth IRA, Traspasos a un arreglo Roth IRA. Free tax 2007 , Cómo Convertir Cantidades de un Arreglo IRA Tradicional en un Arreglo Roth IRA Tipos de, Tipos de arreglos IRA tradicionales. Free tax 2007 Transacciones prohibidas, Transacciones Prohibidas Traspasos de Fideicomisario a Fideicomisaro, Traspaso de Fideicomisario a Fideicomisario Arreglo IRA a arreglo Roth IRA , Métodos de conversión. Free tax 2007 Arreglos de ahorros para la jubilación designados Roth , Arreglos de ahorros para la jubilación designados Roth. Free tax 2007 , Arreglos de ahorros para la jubilación designados Roth. Free tax 2007 Definición, Arreglos de ahorros para la jubilación designados Roth. Free tax 2007 Arreglos IRA tradicionales (see Arreglos de ahorros para la jubilación (IRA, por sus siglas en inglés)) Arreglos Roth IRA, Arreglos Roth IRA , Reinversión de un arreglo Roth IRA , Información adicional. Free tax 2007 (see also Reinversiones) Abrir un arreglo, ¿Cuándo se Puede Abrir un Arreglo Roth IRA? Aportaciones, ¿Puede Hacer Aportaciones a un Arreglo Roth IRA? A un arreglo IRA tradicional para el mismo año, Arreglos Roth IRA y arreglos IRA tradicionales. Free tax 2007 Aportaciones sólo a arreglos Roth IRA , Arreglos Roth IRA solamente. Free tax 2007 Ninguna deducción por, ¿Qué Es un Arreglo Roth IRA? Plazo para hacer, ¿Cuándo se Pueden Hacer Aportaciones? Aportaciones del cónyuge, ¿Se pueden hacer aportaciones a un arreglo Roth IRA a favor del cónyuge? Aportaciones en Exceso, ¿Qué Sucede si Aporta Demasiado? Conversión, Conversiones Conversiones fallidas y recaracterizaciones, Recaracterizaciones Definición de, ¿Qué Es un Arreglo Roth IRA? Distribuciones Distribuciones calificadas, ¿Qué son las distribuciones calificadas? Edad Distribuciones hechas después de la edad de 59 años y medio, ¿Qué son las distribuciones calificadas? No exsite un límite para aportaciones, ¿Existe un límite de edad para las aportaciones? No se requiere determinada edad para recibir la distribución, ¿Se tienen que retirar o utilizar activos de un arreglo Roth IRA? Efecto de los ingresos brutos ajustados modificados sobre las aportaciones (Tabla 17-3), Aportaciones no declaradas. Free tax 2007 Imponibilidad, ¿Están Sujetas a Impuestos las Distribuciones? Ingresos brutos ajustados modificados (MAGI, por sus siglas en inglés), Ingreso bruto ajustado modificado (MAGI, por sus siglas en inglés). Free tax 2007 Cálculo (Hoja de Trabajo 17-2), Hoja de Trabajo 17-2. Free tax 2007 Hoja de Trabajo Correspondiente a Ingresos Brutos Ajustados Modificados para Fines de un Arreglo Roth IRA Eliminación paulatina (Tabla 17-3), Aportaciones no declaradas. Free tax 2007 Límites a las aportaciones, ¿Cuánto se Puede Aportar? Más de 50 años de edad,, Arreglos Roth IRA y arreglos IRA tradicionales. Free tax 2007 Menos de 50 años de edad,, Arreglos Roth IRA y arreglos IRA tradicionales. Free tax 2007 Multas Aportaciones de conversión retiradas dentro del plazo de 5 años, Impuestos adicionales sobre distribuciones de aportaciones de conversión y determinadas aportaciones de reinversión dentro del plazo de 5 años. Free tax 2007 Aportaciones en Exceso, ¿Qué Sucede si Aporta Demasiado? Remuneración, definida, Remuneración. Free tax 2007 Retiros, ¿Se tienen que retirar o utilizar activos de un arreglo Roth IRA? Aportaciones en Exceso, Retiro de aportaciones en exceso. Free tax 2007 No sujetas a impuestos, ¿Están Sujetas a Impuestos las Distribuciones? Traspaso de arreglo IRA a, Traspasos a un arreglo Roth IRA. Free tax 2007 , Cómo Convertir Cantidades de un Arreglo IRA Tradicional en un Arreglo Roth IRA Arrendadores (see Ingresos y gastos de alquiler) Artículos coleccionables Como bienes de capital, Bienes de Capital y Bienes que no Son de Capital, Oro, plata, estampillas, monedas, gemas, etcétera. Free tax 2007 Ganancias o pérdidas de la venta o canje de, Deducción de los intereses de inversiones. Free tax 2007 Inversión de un arreglo IRA en, Inversión en Artículos Coleccionables, Excepción. Free tax 2007 Artículos domésticos, deducción caritativa por, Ropa y artículos domésticos. Free tax 2007 Artistas de actuación, Gastos de ciertos artistas de actuación. Free tax 2007 Gastos de negocio, Gastos de ciertos artistas de actuación. Free tax 2007 Artistas del espectáculo Gastos de estudios relacionados con el trabajo, Artistas del Espectáculo y Funcionarios a los que se les Pagan Honorarios Artistas y músicos, Ropa de Trabajo y Uniformes Asesoramiento Tributario para Ancianos, Ayuda Gratuita con la Preparación de la Declaración de Impuestos Asignación estándar para comidas, Límite del 50% en comidas. Free tax 2007 , Asignación estándar para comidas. Free tax 2007 , Quién puede usar la asignación estándar para comidas. Free tax 2007 , Tarifa federal. Free tax 2007 , La asignación estándar para comidas. Free tax 2007 Cantidad de, Cantidad de asignación estándar para comidas. Free tax 2007 Prorrateo en días parciales de viaje, Cuándo prorratear la asignación estándar de comidas en días parciales de viaje. Free tax 2007 Zonas fuera de los Estados Unidos continentales, Asignación estándar de comidas para zonas fuera de los Estados Unidos continentales. Free tax 2007 Asignación para gastos diarios (see Viáticos) Asignaciones de subsistencia del Cuerpo de Paz, Cuerpo de Paz. Free tax 2007 Asignaciones por costo de vida, Asignaciones del gobierno por costo de vida. Free tax 2007 Asignaciones testamentarias, Pérdidas. Free tax 2007 , Regalos y herencias. Free tax 2007 , Ingresos procedentes de bienes recibidos como regalo. Free tax 2007 (see also Beneficiarios de caudales hereditarios) (see also Herencia) (see also Regalos) Asignaciones testamentarias (legados), Ingresos de herencias y de fideicomisos. Free tax 2007 (see also Beneficiarios de caudales hereditarios) Asistencia (see Ayuda con los impuestos) Asistencia de energía, Pagos para la reducción del costo de energía en invierno. Free tax 2007 Asistencia de estudios (see Becas de estudios y becas de investigación (de desarrollo profesional)) Asistencia en caso de desastre, Ataque terrorista o actividad militar. Free tax 2007 , Pagos de asistencia en caso de desastres. Free tax 2007 , Asistencia en caso de desastre. Free tax 2007 (see also Ataques terroristas) Demolición o reubicación por orden del gobierno de vivienda poco segura debido a, Pérdidas deducibles. Free tax 2007 Donaciones en efectivo hechas a damnificados, Regalos en efectivo. Free tax 2007 Fondo de emergencia del empleador en caso de desastre, Fondo de emergencia del empleador en caso de desastre. Free tax 2007 Reemplazo de bienes perdidos o dañados, Asistencia en caso de desastre. Free tax 2007 Robert T. Free tax 2007 Stafford Disaster Relief and Emergency Assistance Act (Ley Robert T. Free tax 2007 Stafford de Alivio en Caso de Desastres y Ayuda en Emergencias) Ayuda para el desempleo, Tipos de compensación por desempleo. Free tax 2007 Subvenciones, Subvenciones de asistencia en caso de desastre. Free tax 2007 Subvenciones o pagos, Subvenciones de asistencia en caso de desastre. Free tax 2007 Asistencia para estudios, Deducción por Matrícula y Cuotas Escolares (see also Matrícula) Becas de estudios (see Becas de estudios y becas de desarrollo profesional) Becas de estudios y becas de investigación (de desarrollo profesional) (see Becas de estudios y becas de investigación (de desarrollo profesional)) Becas de investigación, Becas de estudios y becas de investigación (becas de desarrollo profesional). Free tax 2007 Costo de matrícula (see Programas de matrícula calificados) Asistente EITC , Recordatorios Asociaciones cívicas Donaciones caritativas hechas a, Donaciones Hechas a Organizaciones no Calificadas Donaciones hechas a, ninguna deducción caritativa por, Tabla 24-1. Free tax 2007 Ejemplos de Donaciones Caritativas —Verificación Rápida Asociaciones de abogados Donaciones caritativas hechas a, Donaciones Hechas a Organizaciones no Calificadas Asociaciones de abogados estatales Cursos de preparación para el examen de reválida de derecho, Curso de preparación para el examen de reválida de derecho o para el examen para contadores públicos autorizados Asociaciones de propietarios de casas Donaciones caritativas hechas a, Tabla 24-1. Free tax 2007 Ejemplos de Donaciones Caritativas —Verificación Rápida, Donaciones Hechas a Organizaciones no Calificadas Asociaciones profesionales Reuniones y gastos de entretenimiento, Reuniones de asociaciones comerciales. Free tax 2007 Asunción de hipoteca, Asunción de hipoteca. Free tax 2007 Cargos que no se incluyen en la base, Cargos de liquidación. Free tax 2007 Ataques al Pentágono (see Ataques terroristas) Ataques al World Trade Center (see Ataques terroristas) Ataques terroristas Pagos por incapacidad para lesiones de, exclusión de impuesto, Pensiones por incapacidad. Free tax 2007 Pensiones por incapacidad de empleados federales, Ataque terrorista o actividad militar. Free tax 2007 Pérdidas por hecho fortuito debido a, Pérdidas deducibles. Free tax 2007 ATIN (Número de identificación del contribuyente para adopción), Número de identificación del contribuyente para adopción (ATIN, por sus siglas en inglés). Free tax 2007 Audífonos Como gasto médico, Tabla 21-1. Free tax 2007 Lista de Gastos Médicos y Dentales. Free tax 2007 Vea la Publicación 502 para más información sobre estos gastos, entre otros. Free tax 2007 Auditorías Documentación de gastos de viaje, Si se revisa su declaración de impuestos. Free tax 2007 Ausencia indefinida del trabajo Estudios relacionados con el trabajo durante, Estudios durante ausencia indefinida. Free tax 2007 Ausencia temporal del trabajo Estudios relacionados con el trabajo durante, Estudios durante ausencia temporal. Free tax 2007 Ausencias temporales, Ausencias temporales. Free tax 2007 , Ausencias temporales. Free tax 2007 Automóviles, Transporte, Transporte de escolares. Free tax 2007 , Gastos de Automóvil y Otros Gastos de Negocio del Empleado, Gastos de Automóvil (see also Tarifas estándar por millas) (see also Viaje y transporte) Accidentes que dan como resultado pérdida por hecho fortuito, Pérdidas deducibles. Free tax 2007 Determinación de valor, Valor de automóviles. Free tax 2007 Negligencia o acto intencionado como causa, Pérdidas no deducibles. Free tax 2007 Asignaciones de empleadores, Viáticos y Asignaciones para Automóvil Como bienes de capital, Bienes de Capital y Bienes que no Son de Capital Cómo Declarar, Cómo Hacer la Declaración La Tabla 26-3 en la que se encuentran los formularios que se han de usar, Asignación para viáticos mayor a la tarifa federal. Free tax 2007 Deducciones conforme a la sección 179, Depreciación y deducciones de la sección 179. Free tax 2007 Depreciación, Depreciación y deducciones de la sección 179. Free tax 2007 Donación caritativa, deducción por el valor justo de mercado, Automóviles, barcos y aviones. Free tax 2007 Estacionamiento (see Cargos de estacionamiento) Estudios relacionados con el trabajo, transporte para, Uso de su automóvil. Free tax 2007 Formulario 2106 ó 2106-EZ, cómo llenar, Gastos de automóvil. Free tax 2007 Gastos de viaje relacionado con los negocios, Domicilio tributario distinto al hogar familiar. Free tax 2007 Gastos reales, Gastos de Automóvil, Gastos Reales de Automóvil Impuestos sobre bienes muebles, deducción de, Impuestos sobre Bienes Muebles Intereses sobre préstamos, no deducibles, Intereses Personales Libro azul para determinar el valor justo de mercado, Automóviles, barcos y aviones. Free tax 2007 Libros para determinar el valor justo de mercado, Valor de automóviles. Free tax 2007 Publicidad en el, Publicidad en el automóvil. Free tax 2007 Servicio prestado a institución benéfica, uso para, Gastos de automóvil. Free tax 2007 Tarifa fija y variable (FAVR, por sus siglas en inglés), Tarifa fija y variable (FAVR, por sus siglas en inglés). Free tax 2007 Transporte de herramientas o instrumentos, Transporte de herramientas o instrumentos. Free tax 2007 Transporte médico, Tabla 21-1. Free tax 2007 Lista de Gastos Médicos y Dentales. Free tax 2007 Vea la Publicación 502 para más información sobre estos gastos, entre otros. Free tax 2007 , Transporte, Gastos de automóvil. Free tax 2007 Uso compartido de automóviles, Uso compartido de automóviles. Free tax 2007 Uso con fines comerciales y personales, asignación entre, Uso con fines comerciales y personales. Free tax 2007 , Separación de gastos. Free tax 2007 Vehículos alquilados, Alquiler de un automóvil. Free tax 2007 Venta, Pago Parcial u Otra Enajenación del Vehículo, Venta, pago parcial u otra enajenación del vehículo Automóviles, donaciones de, Automóviles, barcos y aviones. Free tax 2007 Aviones Donación caritativa, deducción por el valor justo de mercado, Automóviles, barcos y aviones. Free tax 2007 Aviones, donaciones de, Automóviles, barcos y aviones. Free tax 2007 Aviso, Documentos Básicos Ayuda (see Ayuda con los impuestos) Ayuda con los impuestos, Recordatorios, Ayuda del IRS. Free tax 2007 , Ayuda Gratuita con la Preparación de la Declaración de Impuestos, Cómo Obtener Ayuda con los Impuestos Asesoramiento Tributario para Ancianos, Ayuda Gratuita con la Preparación de la Declaración de Impuestos Asesoramiento voluntario (Programa de Asistencia Voluntaria al Contribuyente (del Impuesto sobre el Ingreso)), Ayuda Gratuita con la Preparación de la Declaración de Impuestos Asesoría voluntaria (programa de asistencia voluntaria al contribuyente (del impuesto sobre el ingreso)), Asesoría voluntaria con los impuestos. Free tax 2007 Ayuda doméstica, no hay exención por, Amas de llave, criados o sirvientes. Free tax 2007 Ayuda económica para estudios Provista por el empleador Deducción por matrícula, efecto sobre, Ayuda económica para los estudios exenta de impuestos. Free tax 2007 Ayuda para educación Provista por el empleador, Ayuda para Educación Ayuda para pago inicial o enganche, Ayuda para pago inicial (o enganche). Free tax 2007 Ayuda por Internet Asistente EITC , Recordatorios B Balneario (spa), Gastos de Balnearios Bancarrota Deuda cancelada no considerada ingreso, Deuda excluida. Free tax 2007 Bancos Arreglos IRA con, ¿Cuándo y Cómo se Puede Abrir un Arreglo IRA Tradicional? Fondos de inversión del mercado monetario, Fondos de Inversión del Mercado Monetario Pérdidas de depósitos, cuando pérdidas por hecho fortuito Cómo declarar, Pérdidas de depósitos. Free tax 2007 Pérdidas de depósitos, cuando son pérdidas por hecho fortuito, Depósito en Instituciones Financieras Insolventes o en Quiebra, Pérdidas de Depósitos Servicio de inversión automático, determinación del período de tenencia, Servicio de inversión automático. Free tax 2007 Bancos de sangre Ninguna deducción caritativa por donaciones de sangre hechas a, Tabla 24-1. Free tax 2007 Ejemplos de Donaciones Caritativas —Verificación Rápida, Valor de Tiempo o Servicios Barcos Donación caritativa, deducción por el valor justo de mercado, Automóviles, barcos y aviones. Free tax 2007 Donaciones de, Automóviles, barcos y aviones. Free tax 2007 Base, Bienes Heredados Acciones o derechos de acciones, Base. Free tax 2007 Asignación entre uso comercial y personal, Introduction Base ajustada, Base Ajustada Base de costo, Useful Items - You may want to see: Arreglo IRA para aportaciones no deducibles, Base de costos. Free tax 2007 , Tributables en parte. Free tax 2007 Bienes raíces, Bienes Raíces Bienes recibidos por servicios, Bienes Recibidos por Servicios Bienes restringidos, Bienes restringidos. Free tax 2007 Bonos, Acciones y Bonos, Prima de bonos. Free tax 2007 Compra por valor inferior, Compra por valor inferior. Free tax 2007 Conversión involuntaria, Conversiones Involuntarias Definición de, Introduction Deudas incobrables, Requisito de base en la deuda incobrable. Free tax 2007 Distinta a los costos, Base Distinta al Costo, Obligaciones exentas de impuestos. Free tax 2007 Distinta al costo, Sin pérdidas ni ganancias. Free tax 2007 Donaciones, Bienes Recibidos como Donación Intercambio de bienes del mismo tipo, Base de bienes recibidos. Free tax 2007 Mejoras a bienes raíces, Mejoras. Free tax 2007 Obligaciones exentas de impuestos Bonos, Obligaciones exentas de impuestos. Free tax 2007 Puntos que no se incluyen, Cargos de liquidación. Free tax 2007 , Puntos. Free tax 2007 Traspasos entre cónyuges, Bienes Traspasados de un Cónyuge, Traspasos entre Cónyuges Venta de vivienda (see Venta de vivienda) Base ajustada, Base Ajustada, Ganancia aplazada de la venta de una vivienda. Free tax 2007 Aumentos a la base, Aumentos a la Base Deducción conforme a la sección 179, Depreciación y deducción conforme a la sección 179. Free tax 2007 Depreciación, Depreciación y deducción conforme a la sección 179. Free tax 2007 Disminuciones a la base, Disminuciones a la Base Donaciones, Bienes Recibidos como Donación Exclusión de subsidios por ahorro de energía, Exclusión de subsidios por sistemas de ahorro de energía. Free tax 2007 Mejoras, Mejoras. Free tax 2007 Servidumbres, Servidumbres (derechos de acceso a la propiedad). Free tax 2007 Tasaciones locales, Gravámenes por mejoras locales. Free tax 2007 Venta de vivienda (see Venta de vivienda) Ventas de bienes, Base ajustada. Free tax 2007 Base de costo, Useful Items - You may want to see: Arreglo IRA para aportaciones no deducibles, Base de costos. Free tax 2007 , Tributables en parte. Free tax 2007 Bebidas alcohólicas Transacciones prohibidas de un arreglo IRA en, Artículos coleccionables. Free tax 2007 Becas, Becas. Free tax 2007 , Definición de ingreso bruto. Free tax 2007 , No Incluya lo Siguiente en la Manutención Total Becas de desarrollo profesional (see Becas de estudios y becas de desarrollo profesional) Becas de estudios y becas de desarrollo profesional, Puede usar el Formulario 1040EZ si se dan todas las siguientes situaciones:, Puede usar el Formulario 1040A si se dan todas las siguientes situaciones: Ingreso del trabajo incluyendo, Definición del ingreso del trabajo. Free tax 2007 Becas de estudios y becas de investigación (de desarrollo profesional) Becas de estudios y becas de investigación (de desarrollo profesional), Pago por servicios. Free tax 2007 Becas de investigación Asistencia para estudios, Becas de estudios y becas de investigación (becas de desarrollo profesional). Free tax 2007 Exclusión del ingreso bruto, Becas de estudios y becas de investigación (becas de desarrollo profesional). Free tax 2007 Becas de investigación (becas de desarrollo profesional) Deducción por matrícula, efecto sobre, Ayuda económica para los estudios exenta de impuestos. Free tax 2007 (see also Becas de estudios y becas de desarrollo profesional) Beneficiarios, Beneficiario de un caudal hereditario o fideicomiso. Free tax 2007 , Reinversiones por parte del cónyuge sobreviviente. Free tax 2007 , Ingresos de herencias y de fideicomisos. Free tax 2007 , Pérdidas. Free tax 2007 (see also Beneficiarios de caudales hereditarios) (see also Beneficiarios de fideicomiso) Beneficiarios de caudales hereditarios, Bienes Heredados Arreglos de ahorros para la jubilación (IRA, por sus siglas en inglés) (see Arreglos de ahorros para la jubilación (IRA, por sus siglas en inglés)) Cómo recibir ingreso de caudal hereditario, Ingresos de herencias y de fideicomisos. Free tax 2007 , Ingreso actual que no se requiere distribuir. Free tax 2007 Dividendos recibidos por, Beneficiario de un caudal hereditario o fideicomiso. Free tax 2007 Pérdidas de herencia, Pérdidas. Free tax 2007 Restricciones de reinversión, Reinversiones por parte del cónyuge sobreviviente. Free tax 2007 Beneficiarios de fideicomiso Cómo recibir ingreso de fideicomiso, Ingresos de herencias y de fideicomisos. Free tax 2007 , Ingreso actual que se requiere distribuir. Free tax 2007 , Ingreso actual que no se requiere distribuir. Free tax 2007 , Regalos y herencias. Free tax 2007 Dividendos recibidos por, Beneficiario de un caudal hereditario o fideicomiso. Free tax 2007 Pérdidas de fideicomiso, Pérdidas. Free tax 2007 Restricciones de reinversión, Reinversiones por parte del cónyuge sobreviviente. Free tax 2007 Beneficions de jubilación de empleados ferroviarios Ingresos, Puede usar el Formulario 1040A si se dan todas las siguientes situaciones: Beneficios Desempleo, Compensación por desempleo. Free tax 2007 Beneficios acelerados por fallecimiento, Beneficios Acelerados por Fallecimiento, Exclusión por enfermedad mortal. Free tax 2007 Beneficios de asistencia pública, Beneficios del Bienestar Social y Otros Beneficios de Asistencia Pública Beneficios de jubilación de empleados ferroviarios, Beneficios de jubilación de empleados ferroviarios. Free tax 2007 , Beneficios del Seguro Social y Beneficios Equivalentes de la Jubilación para Empleados Ferroviarios, Deducción de más de $3,000. Free tax 2007 , Anualidades de jubilación de empleados ferroviarios. Free tax 2007 Beneficios equivalentes de nivel 1 (beneficios equivalentes del Seguro Social (SSEB)), Anualidades de jubilación de empleados ferroviarios. Free tax 2007 Beneficios equivalentes de nivel 1 (beneficos equivalentes del Seguro Social (SSEB)), Introduction Casados que presentan la declaración por separado, Beneficios no sujetos a impuestos. Free tax 2007 Cómo declarar, Cómo Declarar los Beneficios Declaraciones conjuntas, Declaración conjunta. Free tax 2007 Deducciones relacionadas con, Deducciones Relacionadas con los Beneficios Elección de suma global, Elección de suma global. Free tax 2007 Formulario RRB-1042S para extranjeros no residentes, Lo que no cubre este capítulo. Free tax 2007 Formulario RRB-1099, Introduction Imponibilidad de, ¿Está Sujeta a Impuestos Alguna Parte de los Beneficios?, ¿Cuánto Está Sujeto a Impuestos? Impuesto estimado, Retención de impuestos e impuesto estimado. Free tax 2007 Reintegro de beneficios, Reintegro de beneficios. Free tax 2007 Retención No deducibles para propósitos del impuesto, Impuestos y Cargos que no Puede Deducir Retención para, Retención de impuestos e impuesto estimado. Free tax 2007 Beneficios de la jubilación del gobierno federal, Beneficios de la jubilación del gobierno federal. Free tax 2007 Beneficios de la jubilación para empleados ferroviarios Casados que presentan la declaración por separado, Reglas Especiales Planes del empleado para la jubilación distintos a, Seguro Social o jubilación de empleados ferroviarios. Free tax 2007 Retención, Pagos del Gobierno Federal Beneficios de minimis , Beneficios De Minimis (Mínimos) Beneficios de veteranos Ayuda económica para estudios Deducción por matrícula, efecto sobre, Ayuda económica para los estudios exenta de impuestos. Free tax 2007 Beneficios del bienestar social, Manutención provista por el estado (bienestar social, cupones de alimentos, vivienda, etcétera). Free tax 2007 , Beneficios del Bienestar Social y Otros Beneficios de Asistencia Pública Beneficios del empleado, Beneficios Marginales Tributables, Beneficios Marginales, Beneficios De Minimis (Mínimos) (see also Beneficios marginales) Beneficios del Seguro Social, Beneficios del Seguro Social. Free tax 2007 , Beneficios del Seguro Social y Beneficios Equivalentes de la Jubilación para Empleados Ferroviarios, Deducción de más de $3,000. Free tax 2007 Arreglos IRA para destinatarios de beneficios, Destinatarios de beneficios del Seguro Social. Free tax 2007 Casados que presentan la declaración por separado, Reglas Especiales, Beneficios no sujetos a impuestos. Free tax 2007 Cómo declarar, Cómo Declarar los Beneficios Declaraciones conjuntas, Declaración conjunta. Free tax 2007 Deducciones relacionadas con, Deducciones Relacionadas con los Beneficios Elección de suma global, Elección de suma global. Free tax 2007 Empleador extranjero, Impuestos del Seguro Social y Medicare. Free tax 2007 Formulario SSA-1042S para extranjeros no residentes, Lo que no cubre este capítulo. Free tax 2007 Formulario SSA-1099, Introduction Imponibilidad de, ¿Está Sujeta a Impuestos Alguna Parte de los Beneficios?, ¿Cuánto Está Sujeto a Impuestos? Impuesto estimado, Retención de impuestos e impuesto estimado. Free tax 2007 Ingresos, Puede usar el Formulario 1040A si se dan todas las siguientes situaciones: Pagados por el empleador, Impuestos del Seguro Social y Medicare pagados por el empleador. Free tax 2007 Planes del empleado para la jubilación distintos a, Seguro Social o jubilación de empleados ferroviarios. Free tax 2007 Propinas, impuestos a deber sobre, Debe usar el Formulario 1040 si le corresponde alguna de las siguientes situaciones: Reintegro de beneficios, Reintegro de beneficios. Free tax 2007 , Beneficios del Seguro Social reintegrados. Free tax 2007 Reintegros, Reintegros de Beneficios del Seguro Social Retención para, Pagos del Gobierno Federal, Retención de impuestos e impuesto estimado. Free tax 2007 No deducibles, Impuestos y Cargos que no Puede Deducir Seguro de vida colectivo a término, impuestos a deber sobre, Debe usar el Formulario 1040 si le corresponde alguna de las siguientes situaciones: Beneficios marginales Adopción, ayuda provista por el empleador, Ayuda para Adopción Aportaciones a un plan de ahorros médicos Archer MSA , Aportaciones a una cuenta de ahorros médicos Archer (conocida como Archer MSA, en inglés). Free tax 2007 Ayuda para educación, Ayuda para Educación Beneficios de minimis , Beneficios De Minimis (Mínimos) Formulario W-2, Formulario W-2. Free tax 2007 Obsequios por fiestas, Obsequios por fiestas. Free tax 2007 Período contable, Período contable. Free tax 2007 Primas de seguro de vida colectivo a término fijo, Seguro de Vida Colectivo a Término Fijo Retención, Beneficios Marginales Tributables Seguro de accidente y de salud, Plan de Accidente o de Salud Servicios de planificación para la jubilación, Servicios de Planificación para la Jubilación Transporte, Transporte Beneficios para alimentos Programa de Nutrición para Ancianos, Programa de Nutrición para Ancianos. Free tax 2007 Beneficios para veteranos, Beneficios para veteranos. Free tax 2007 Asistencia para estudios, Pagos del Departamento de Asuntos de Veteranos (VA). Free tax 2007 Clasificación retroactiva, Clasificación retroactiva hecha por el Departamento de Asuntos de Veteranos. Free tax 2007 Ley de prescripción especial, Ley de prescripción especial. Free tax 2007 Beneficios para veteranos (GI Bill), Pagos y asignaciones para la matrícula bajo la Ley de Beneficios para Veteranos (GI Bill). Free tax 2007 Beneficios por cierre patronal, Indemnización por huelga y cierre patronal. Free tax 2007 Beneficios por fallecimiento Acelerados, Beneficios Acelerados por Fallecimiento, Exclusión por enfermedad mortal. Free tax 2007 Funcionarios de seguridad pública fallecidos o asesinados en cumplimiento del deber, exclusión tributaria, Funcionario de Seguridad Pública Fallecido en el Cumplimiento del Deber Ganancias de un seguro de vida (see Seguro de vida) Beneficios por fallecimiento accidental, Beneficios por fallecimiento accidental. Free tax 2007 Beneficios por incapacidad Crédito por ingreso del trabajo, Formulario 4029. Free tax 2007 Beneficios sindicales por huelga, Indemnización por huelga y cierre patronal. Free tax 2007 Bicicleta Beneficio marginal, Desplazamiento calificado de ida y vuelta al trabajo en bicicleta. Free tax 2007 Bienes, Bienes Raíces, Bienes raíces comprados. Free tax 2007 , Si recupera la posesión de bienes raíces. Free tax 2007 (see also Bienes raíces) Hallados, Bienes hallados. Free tax 2007 Robados, Bienes robados. Free tax 2007 Bienes comerciales Base de depreciación, Base para propósitos de depreciación. Free tax 2007 Como donación, base ajustada por, Bienes comerciales. Free tax 2007 Uso de bien cambiado a, base ajustada para, Bienes de Uso Personal Cambiados a Uso Comercial o de Alquiler Ventas o intercambios, Otras transacciones de bienes. Free tax 2007 Intercambio de bienes del mismo tipo, Intercambio de bienes del mismo tipo. Free tax 2007 Bienes de capital Carbón y mineral de hierro, Carbón y mineral de hierro. Free tax 2007 Definición de, Bienes de Capital y Bienes que no Son de Capital Bienes gananciales, Ingresos de bienes gananciales. Free tax 2007 , Bienes gananciales. Free tax 2007 , Bienes gananciales. Free tax 2007 Arreglos de ahorros para la jubilación (IRA, por sus siglas en inglés), Leyes de los bienes gananciales. Free tax 2007 Casados que presentan la declaración por separado, Estados donde rige la ley de los bienes gananciales. Free tax 2007 Gastos médicos y dentales, Estados donde rige la ley de los bienes gananciales. Free tax 2007 Pensión para el cónyuge divorciado del cónyuge divorciado, diferencia de, Pagos que no son pensión para el cónyuge divorciado. Free tax 2007 Bienes hallados, Bienes hallados. Free tax 2007 Bienes muebles, Bienes muebles. Free tax 2007 (see also Pérdidas por hecho fortuito) Como bienes de capital, Bienes de Uso Personal Impuestos (see Impuestos sobre bienes muebles) Ingreso de alquiler, Alquileres de Bienes Muebles Robo de (see Pérdidas por robo) Bienes para inversión Propiedad de alquiler (see Ingresos y gastos de alquiler) Bienes perdidos, Dinero en Efectivo o Bienes Perdidos o Extraviados Cuando se considera pérdida por hecho fortuito, Propiedad extraviada o perdida. Free tax 2007 Bienes que generan ingresos Deducción de intereses sobre un préstamo para, Intereses por regalías o de alquiler que generen ingresos. Free tax 2007 Bienes raíces, Uso Personal de una Unidad Habitable (Incluyendo una Casa de Vacaciones), Cómo Dividir los Gastos, Unidad Habitable Usada como Vivienda, Ejemplos. Free tax 2007 , Base de Costo, Si recupera la posesión de bienes raíces. Free tax 2007 , Cantidad Deducible (see also Casas de vacaciones) (see also Hipotecas) Alquiler (see Ingresos y gastos de alquiler) Base, Bienes Raíces Cantidades relacionadas con bienes raíces que no puede deducir, Cantidades Relacionadas con Bienes Raíces que no Puede Deducir Cargos de liquidación, Cargos de liquidación. Free tax 2007 Cargos detallados por servicios no deducibles, Cargos detallados por servicios. Free tax 2007 Como activos no de capital, Bienes de Capital y Bienes que no Son de Capital Costos de cierre, Cargos de liquidación. Free tax 2007 Definición de, Bienes Raíces Deterioro progresivo, no pérdida por hecho fortuito, Deterioro progresivo. Free tax 2007 Deuda comercial cancelada, trato de, Deuda excluida. Free tax 2007 División de los impuestos sobre bienes raíces, División de los impuestos sobre bienes raíces entre compradores y vendedores. Free tax 2007 Formulario 1099-S para declarar ganancias producto de ventas, Transacciones que se declaran en el Formulario 1099-S. Free tax 2007 , Formulario 1099-S. Free tax 2007 Impuestos de traspaso, Impuestos de traspaso (impuestos de timbre). Free tax 2007 Pérdida por hechos fortuitos, Bienes raíces. Free tax 2007 Período de tenencia, determinación de, Bienes raíces comprados. Free tax 2007 Puntos, Puntos Valor justo de mercado (FMV, por sus siglas en inglés), Valor justo de mercado (FMV). Free tax 2007 Bienes robados, Bienes robados. Free tax 2007 (see Pérdidas por robo) Bingo, Tabla 24-1. Free tax 2007 Ejemplos de Donaciones Caritativas —Verificación Rápida, Donaciones de las Cuales Usted se Beneficia Boletos, Entradas a eventos. Free tax 2007 (see Gastos de entretenimiento) Bomberos Ganancias provenientes de un seguro de vida en caso de fallecimiento en cumplimiento del deber, Funcionario de Seguridad Pública Fallecido en el Cumplimiento del Deber Bomberos voluntarios Arreglos de ahorros para la jubilación (IRA, por sus siglas en inglés), Bomberos voluntarios. Free tax 2007 Donaciones caritativas hechas a, Ejemplos. Free tax 2007 Bonificaciones, Ingresos Suplementarios, Bonificaciones y premios. Free tax 2007 , Recompensas o bonificaciones para empleados. Free tax 2007 Bonos Ahorros, Bonos de Ahorro de los Estados Unidos, Bonos de la serie HH. Free tax 2007 , Bonos de la serie EE y de la serie I. Free tax 2007 Amortización de primas, Amortización de primas sobre bonos. Free tax 2007 , Prima Amortizable de Bonos Tributables Base ajustada para, Acciones y Bonos Bonos con descuento en el mercado, Bonos con descuento en el mercado. Free tax 2007 Bonos convertibles, Acciones y bonos convertibles. Free tax 2007 Cancelación de, Redención o cancelación de bonos. Free tax 2007 Como bienes de capital, Bienes de Capital y Bienes que no Son de Capital, Acciones, derechos de suscripción y bonos. Free tax 2007 Descontados Pérdida o ganancia de capital, Instrumentos de Deuda Descontados Descuento de la emisión original, Descuento de la Emisión Original (OID) Emitidos con descuento, Descuento de la Emisión Original (OID) Exentos de impuestos, Obligaciones del Gobierno Estatal o Local Gobierno estatal o local, exento de impuestos, Bonos de gobiernos estatales y locales exentos de impuestos. Free tax 2007 Redención de, Redención o cancelación de bonos. Free tax 2007 Rescate de, Bonos de jubilación. Free tax 2007 Vendido con prima, cálculo de la base ajustada, Prima de bonos. Free tax 2007 Venta de, Bonos que se Venden Entre las Fechas de Pago de los Intereses Bonos con descuento en el mercado, Bonos con descuento en el mercado. Free tax 2007 Bonos de ahorros de la serie I, Bonos de la serie EE y de la serie I. Free tax 2007 Bonos de ahorros de las series EE y E, Bonos de la serie EE y de la serie I. Free tax 2007 (see Bonos de ahorros de los EE. Free tax 2007 UU. Free tax 2007 ) Bonos de ahorros de las series HH y H, Bonos de la serie HH. Free tax 2007 Bonos de ahorros de los EE. Free tax 2007 UU Intereses sobre, Intereses de bonos de ahorro calificados. Free tax 2007 Traspasos entre cónyuges, Bienes Traspasados de un Cónyuge Bonos de ahorros de los Estados Unidos Educación, uso para, Reglas Especiales Bonos de cupones, Bonos de cupones. Free tax 2007 Bonos de la serie EE (see Bonos de ahorros de los EE. Free tax 2007 UU. Free tax 2007 ) Bonos del Tesoro, Títulos de deudas de los Estados Unidos. Free tax 2007 Bonos municipales, Obligaciones del Gobierno Estatal o Local Boy Scouts Donaciones caritativas hechas a, Ejemplos. Free tax 2007 , Tabla 24-1. Free tax 2007 Ejemplos de Donaciones Caritativas —Verificación Rápida Búsqueda de empleo Deducción de gastos por entrevistas, Gastos de entrevistas de empleo. Free tax 2007 C Cabeza de familia, Cabeza de familia o viudo que reúne los requisitos con hijo dependiente. Free tax 2007 , Cómo presentar la declaración. Free tax 2007 , Cabeza de Familia, Cómo presentar la declaración. Free tax 2007 , Cónyuge extranjero no residente. Free tax 2007 , Personas que Mantienen una Vivienda, Persona Calificada, Viudo que Reúne los Requisitos con Hijo Dependiente Cabildeo Donaciones para, no deducciones por donaciones, Tabla 24-1. Free tax 2007 Ejemplos de Donaciones Caritativas —Verificación Rápida, Donaciones de las Cuales Usted se Beneficia Caja de seguridad, Alquiler de Caja de Seguridad Cálculo del impuesto, Cálculos Cantidades iguales, Cantidades iguales. Free tax 2007 Cantidades negativas, Cantidades negativas. Free tax 2007 Redondeo a dólares, Redondeo a dólares. Free tax 2007 Cálculo del impuesto y créditos, Cómo se Calcula la Deducción (see also Hojas de trabajo) Cálculos aproximados Gastos de viaje, Cómo Demostrar los Gastos Calificado, hijo, Hijo Calificado Calificado, pariente, Pariente Calificado Cámaras de comercio Donaciones caritativas hechas a, Tabla 24-1. Free tax 2007 Ejemplos de Donaciones Caritativas —Verificación Rápida, Donaciones Hechas a Organizaciones no Calificadas Gastos de entretenimiento para asistir a reuniones, Reuniones de asociaciones comerciales. Free tax 2007 Cambio de dirección, Cambio de Dirección Cambio de nombre, Cambio de nombre. Free tax 2007 , Cambio de nombre. Free tax 2007 Canadá Contribuciones hechas a organizaciones caritativas en, Ciertas organizaciones caritativas extranjeras. Free tax 2007 Residente de, Requisito de Ciudadanía o Residencia, Hijo en Canadá o México. Free tax 2007 Cancelación de deuda, Deudas Canceladas Excepciones al trato como ingreso, Excepciones Candidatos a cargos públicos Donaciones hechas a, ninguna deducción caritativa por, Tabla 24-1. Free tax 2007 Ejemplos de Donaciones Caritativas —Verificación Rápida, Donaciones Hechas a Organizaciones no Calificadas Canje de bienes, Venta de Bienes (see also Venta de bienes) Bienes del mismo tipo y dinero traspasados, Intercambios parcialmente no sujetos a impuestos. Free tax 2007 , Bienes del mismo tipo y dinero traspasados. Free tax 2007 Declaración de, Cómo declarar el canje. Free tax 2007 Definición de, Qué es una Venta o Canje Formulario 8824 para declarar, Cómo declarar el canje. Free tax 2007 Intercambio de bienes del mismo tipo, Intercambio de bienes del mismo tipo. Free tax 2007 Intercambio parcialmente no sujeto a impuestos, Intercambios parcialmente no sujetos a impuestos. Free tax 2007 , Intercambio parcialmente no sujeto a impuestos. Free tax 2007 Intercambio sujeto a impuestos, definición de, Intercambios Sujetos a Impuestos Intercambios de bienes similares, Intercambios de Bienes del Mismo Tipo Intercambios no sujetos a impuestos, Intercambios no Sujetos a Impuestos Intercambios no sujetos a impuestos: Período de tenencia, determinación de, Canjes no sujetos a impuestos. Free tax 2007 Canjes comerciales no sujetos a impuestos (see Intercambios exentos de impuestos) Canjes no sujetos a impuestos (see Intercambios exentos de impuestos) Intercambios no sujetos a impustos, Canjes no Sujetos a Impuestos Cantidades trasladadas a un ejercicio anterior Créditos tributarios comerciales trasladados a un ejercicio anterior, Excepciones para tipos especiales de reembolso. Free tax 2007 Cantidades trasladadas al año siguiente Donaciones caritativas, cuando la deducción sobrepasa los límites del ingreso bruto ajustado, Cantidades Trasladadas al Año Siguiente Intereses procedentes de inversiones, Límite sobre la Deducción Pérdida de capital, Ganancias y pérdidas a largo plazo. Free tax 2007 , Traslado de pérdida de capital. Free tax 2007 Hoja de trabajo, Cálculo de la cantidad trasladada al año siguiente. Free tax 2007 Capellanes Ganancias provenientes de un seguro de vida en caso de fallecimiento en cumplimiento del deber, Funcionario de Seguridad Pública Fallecido en el Cumplimiento del Deber Carbón y mineral de hierro, Carbón y mineral de hierro. Free tax 2007 Cargos, Cargos y depósitos. Free tax 2007 Cargos de afiliación (see tipo específico de organización ) Cargos de custodia, Cargos y Gastos Relacionados con la Inversión Cargos de estacionamiento Estadio deportivo, entretenimiento relacionado con los negocios sujeto al límite del 50%, Gastos incluidos. Free tax 2007 Gasto de viaje relacionado con los negocios, Cargos de estacionamiento y peaje. Free tax 2007 Gastos para desplazarse diariamente hasta su trabajo, Cargos de estacionamiento. Free tax 2007 Cargos de liquidación Transacciones de bienes raíces, Cargos de liquidación. Free tax 2007 Cargos de tasación, Cargos de Tasación Bienes donados, Cargos de Tasación No deducibles como intereses, Cantidades cobradas por servicios. Free tax 2007 Transacciones de bienes raíces, cuando las exige el prestamista, Cargos de liquidación. Free tax 2007 Cargos de tramitación, Cargos de Tramitación por el Uso de una Tarjeta de Crédito o Débito Cargos por cuidado de vida Pagados a una casa de retiro y designados para cuidado médico, posibilidad de deducir, Tabla 21-1. Free tax 2007 Lista de Gastos Médicos y Dentales. Free tax 2007 Vea la Publicación 502 para más información sobre estos gastos, entre otros. Free tax 2007 Cargos por emisión de cheques, Cargos por Emisión de Cheques de Cuenta Personal Cargos por estacionamiento Beneficio marginal provisto por el empleador Exclusión de los ingresos, Transporte Viajes para propósitos médicos, Gastos de automóvil. Free tax 2007 Cargos por financiamiento Tarjetas de crédito, contratos de venta al por menor a plazos, etc. Free tax 2007 , no deducibles, Intereses Personales Cargos por licencias Posibilidad de deducir, Impuestos y Cargos que no Puede Deducir Si no se pueden deducir, Lista de Gastos no Deducibles Cargos por servicios, Cargos Administrativos de los Planes de Reinversión de Dividendos Posibilidad de deducir, Cantidades que No Puede Deducir Tratados por el empleador como salario en vez de ingresos de propinas, Cargos por servicios. Free tax 2007 Cargos por servicios de notario, Notario público. Free tax 2007 No deducibles como intereses, Cantidades cobradas por servicios. Free tax 2007 Carteros rurales, Carteros rurales. Free tax 2007 Casado que presenta por separado Deducción por matrícula y, Quién No Puede Reclamar la Deducción Casado que presenta una declaración conjunta, Requisito 4. Free tax 2007 Tiene que Ser Ciudadano o Extranjero Residente de los Estados Unidos Durante Todo el Año Casados que presentan la declaración por separado, Casados que Presentan la Declaración por Separado, Cómo presentar la declaración. Free tax 2007 , Reglas Especiales, Requisito 3. Free tax 2007 Su Estado Civil para Efectos de la Declaración no Puede Ser Casado que Presenta la Declaración por Separado Beneficios del Seguro Social y de jubilación para empleados ferroviarios, Beneficios no sujetos a impuestos. Free tax 2007 Cómo presentar la declaración, Cómo presentar la declaración. Free tax 2007 Crédito por ingreso del trabajo, Reglas Especiales Créditos, trato de, Reglas Especiales Declaración conjunta del impuesto estatal y local sobre el ingreso presentada, pero declaraciones separadas del impuesto federal sobre el ingreso, Declaraciones conjuntas estatales y locales. Free tax 2007 Deducción de intereses sobre un préstamo de estudios, ¿Puede Reclamar la Deducción? Deducción por matrícula y, Deducción por Matrícula y Cuotas Escolares Deducciones Si cambia del método de las deducciones detalladas a otro, o viceversa, Personas casadas que presentan la declaración por separado. Free tax 2007 Trato de, Reglas Especiales Deducciones detalladas, Reglas Especiales, Personas casadas que presentan la declaración por separado. Free tax 2007 Uno de los cónyuges detalla las deducciones, por lo tanto, el otro debe detallarlas también, Personas que no reúnen los requisitos para la deducción estándar. Free tax 2007 Estados donde rige la ley de los bienes gananciales, Estados donde rige la ley de los bienes gananciales. Free tax 2007 Gastos médicos y dentales, Declaraciones por separado. Free tax 2007 Impuestos estatales y locales sobre los ingresos, Declaraciones federales separadas. Free tax 2007 Propiedad conyugal, asignación de impuestos sobre bienes raíces, Tenencia en su totalidad. Free tax 2007 Reinversiones, Reglas Especiales Traslado de pérdida de capital, Declaraciones conjuntas y separadas. Free tax 2007 Casas de alojamiento, Unidad habitable. Free tax 2007 Casas de vacaciones Cómo determinar si se usa como vivienda, Ejemplos. Free tax 2007 Gastos de alquiler, Uso Personal de una Unidad Habitable (Incluyendo una Casa de Vacaciones), Cómo Dividir los Gastos, Unidad Habitable Usada como Vivienda Puntos, Deducción Permitida en el Año del Pago Caudales hereditarios, Ingresos de herencias y de fideicomisos. Free tax 2007 , Bienes heredados de una persona que falleció en el año 2010. Free tax 2007 (see also Beneficiarios de caudales hereditarios) (see also Herencia) Impuesto, Impuestos y Cargos que no Puede Deducir, Impuesto Federal sobre la Herencia Atribuible a los Ingresos de un Difunto (see also Impuesto sobre caudales hereditarios) Anualidad de sobreviviente, Deducción del impuesto sobre la herencia. Free tax 2007 Ingresos, Ingresos de herencias y de fideicomisos. Free tax 2007 Intereses procedentes de inversiones, Socios, accionistas y beneficiarios. Free tax 2007 Cementerios Donaciones caritativas hechas a, Tipos de Organizaciones Calificadas Centro de Ayuda al Contribuyente, Recordatorios Centros de rehabilitación para la adicción a alcohol Posibilidad de deducir como gasto médico, Tabla 21-1. Free tax 2007 Lista de Gastos Médicos y Dentales. Free tax 2007 Vea la Publicación 502 para más información sobre estos gastos, entre otros. Free tax 2007 Centros de rehabilitación para la adicción a drogas o alcohol Posibilidad de deducir como gasto médico, Tabla 21-1. Free tax 2007 Lista de Gastos Médicos y Dentales. Free tax 2007 Vea la Publicación 502 para más información sobre estos gastos, entre otros. Free tax 2007 Certificación firmada por un médico, Total y permanentemente incapacitado. Free tax 2007 Certificado de crédito hipotecario (MCC, por sus siglas en inglés), Quién reúne los requisitos. Free tax 2007 Certificado de dividendo diferido, Certificado de dividendo diferido. Free tax 2007 Certificados de depósito (CD), Certificados de depósito. Free tax 2007 , Arreglos de Ahorros para la Jubilación (Arreglos IRA) (see also Arreglos de ahorros para la jubilación (IRA, por sus siglas en inglés)) Certificados del mercado monetario, Certificados de depósito y otras cuentas de intereses diferidos. Free tax 2007 Chantaje Pérdidas debido a, Robo Cheques Cheques cancelados como pruebas de gastos de viaje, Cheque cancelado. Free tax 2007 Como donaciones caritativas, Cheques. Free tax 2007 Recibo implícito de, Cheque recibido o disponible. Free tax 2007 Choferes con comisión Deducción de gastos, Empleados estatutarios. Free tax 2007 Cirugía estética No deducible como gasto médico, Tabla 21-1. Free tax 2007 Lista de Gastos Médicos y Dentales. Free tax 2007 Vea la Publicación 502 para más información sobre estos gastos, entre otros. Free tax 2007 Cirugía ocular Posibilidad de deducir como gasto médico, Tabla 21-1. Free tax 2007 Lista de Gastos Médicos y Dentales. Free tax 2007 Vea la Publicación 502 para más información sobre estos gastos, entre otros. Free tax 2007 Cirugía optativa No deducible como gasto médico, Tabla 21-1. Free tax 2007 Lista de Gastos Médicos y Dentales. Free tax 2007 Vea la Publicación 502 para más información sobre estos gastos, entre otros. Free tax 2007 Cirugía plástica No deducible como gasto médico cuando estética, Tabla 21-1. Free tax 2007 Lista de Gastos Médicos y Dentales. Free tax 2007 Vea la Publicación 502 para más información sobre estos gastos, entre otros. Free tax 2007 Ciudadano de los Estados Unidos Crédito por ingreso del trabajo, Requisito 4. Free tax 2007 Tiene que Ser Ciudadano o Extranjero Residente de los Estados Unidos Durante Todo el Año Ciudadano en reserva militar Aportaciones de cantidad igual, Aportaciones de cantidades iguales a las recibidas como ciudadano en reserva militar que reúna los requisitos. Free tax 2007 Arreglos de ahorros para la jubilación (IRA, por sus siglas en inglés), Ciudadano en reserva militar. Free tax 2007 Deducción por gasto de transporte, Personal en Reserva de las Fuerzas Armadas. Free tax 2007 Ciudadano o residente de los Estados Unidos, Requisito de Ciudadanía o Residencia Ciudadanos estadounidenses que viven en el extranjero, Ciudadanos de los Estados Unidos y Residentes Extranjeros que Viven Fuera de los Estados Unidos (see also Ciudadanos fuera de los EE. Free tax 2007 UU. Free tax 2007 ) Empleo (see Empleo en el extranjero) Ciudadanos fuera de los EE. Free tax 2007 UU. Free tax 2007 Empleo (see Empleo en el extranjero) Exclusión del ingreso del trabajo, Recordatorios Prórroga del plazo para presentar la declaración, Individuos/Personas Físicas Fuera de los Estados Unidos Requisitos para la presentación de la declaración, Ciudadanos de los Estados Unidos y Residentes Extranjeros que Viven Fuera de los Estados Unidos Retención de distribuciones de un arreglo IRA , Distribuciones de un arreglo IRA enviadas fuera de los Estados Unidos. Free tax 2007 Viajes por motivo de negocio fuera de los EE. Free tax 2007 UU. Free tax 2007 , Viajes Fuera de los Estados Unidos, Viaje Principalmente por Motivo de Negocios, Viajes Principalmente por Motivos Personales Asignación estándar para comidas, Asignación estándar de comidas para zonas fuera de los Estados Unidos continentales. Free tax 2007 Personas que trabajan por cuenta propia, Excepción 1 − Ningún control sustancial. Free tax 2007 Clero, Ministros de una orden religiosa. Free tax 2007 Dineros del seguro de vida cuando el capellán muere en cumplimiento del deber, Funcionario de Seguridad Pública Fallecido en el Cumplimiento del Deber Donaciones que se pueden gastar a gusto suyo, no una donación caritativa deducible, Donaciones Hechas a Personas Físicas Pensiones, Pensión. Free tax 2007 Reglas especiales relativas a los ingresos, Clero Vivienda, Clero Impuestos sobre bienes raíces al recibir asignación para la vivienda, Asignaciones para la vivienda para ministros de una orden religiosa y personal militar. Free tax 2007 Impuestos sobre bienes raíces al recibir subsidio de vivienda, Subsidio de vivienda para ministros de la iglesia y personal militar. Free tax 2007 Clientes, Gastos de Comidas y Gastos Imprevistos, Gastos de Entretenimiento (see also Gastos de entretenimiento) Gastos de viaje de, pagar, Asociado comercial. Free tax 2007 Viajes por motivo de negocio para visitar a, Gastos de Transporte Clubes de golf (see Clubes sociales (country clubs) ) Clubes de nocturno Cargos de admisión, límite del 50% sobre la deducción, Gastos incluidos. Free tax 2007 Clubes sociales Cuotas Deducción caritativa no permitida, Tabla 24-1. Free tax 2007 Ejemplo
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e-file for Large Business and International (LB&I)

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A QuickAlert outlining the exact timeframes to Send Submissions or retrieve federal/state Acknowledgements will be issued in early December and the times will be posted on the MeF Status Page.
    
Please monitor the MeF Status Page for any updates.  We apologize for any inconveniences and thank you for your cooperation.

 

2014 M3 M1 Changes: The IRS will be making changes to the Schedule M-3 filing requirement for taxpayers with assets between $10M-$50M for Forms 1120, 1120-C, 1120-F, 1120S, 1065 and 1065-B. These taxpayers will be permitted to file Schedule M-1 in place of the Schedule M-3 Parts II and III.  These changes will be effective for tax years ending on December 31, 2014, and later. No changes are currently planned to the Schedule M-3 requirements for Forms 1120-L, or 1120-PC, nor for Form 1120 taxpayers filing as a mixed group.

 

The Modernized e-File Status Page provides information about the availability of the MeF system for external use. For information about the most current MeF system status, please refer to the Modernized e-File (MeF) Status Page.


Table of Contents:

Introduction

Treasury Decision (T.D.) 9363 requires corporations that have assets of $10 million or more and file at least 250 returns annually to electronically file their Forms 1120 and 1120S for tax years ending on or after December 31, 2007. This requirement extends to foreign corporations filing Form 1120-F who have tax years ending on or after December 31, 2008, have assets of $10 million or more and who file at least 250 returns annually.

Although electronic filing is required of certain corporations, many corporations voluntarily file their returns electronically.

This web site provides an overview of electronic filing and more detailed information for those corporations required to e-file. There is information for taxpayers who prepare and transmit their own income tax returns as well as for taxpayers who rely upon third party tax professionals to prepare and transmit their tax returns.


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If you do not find the electronic filing information you need in the material provided on this web site, IRS provides e-mail addresses where interested parties can submit questions concerning e-file requirements.

  • Corporate taxpayers (Forms 1120, 1120S, 1120-F) may contact the e-help Desk at 1-866-255-0654.
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  • Tax-exempt organizations can find further e-file information on IRS.gov at e-file for Charities and Non-Profits.
  • Taxpayers with account or tax law questions may call 1-800-829-4933.
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Page Last Reviewed or Updated: 03-Feb-2014

The Free Tax 2007

Free tax 2007 4. Free tax 2007   Farm Business Expenses Table of Contents What's New for 2013 Introduction Topics - This chapter discusses: Useful Items - You may want to see: Deductible ExpensesReasonable allocation. Free tax 2007 Prepaid Farm Supplies Prepaid Livestock Feed Labor Hired Repairs and Maintenance Interest Breeding Fees Fertilizer and Lime Taxes Insurance Rent and Leasing Depreciation Business Use of Your Home Truck and Car Expenses Travel Expenses Marketing Quota Penalties Tenant House Expenses Items Purchased for Resale Other Expenses Domestic Production Activities Deduction Capital ExpensesForestation and reforestation costs. Free tax 2007 Nondeductible ExpensesPersonal, Living, and Family Expenses Other Nondeductible Items Losses From Operating a FarmAt-Risk Limits Passive Activity Limits Excess Farm Loss Limit Not-for-Profit FarmingUsing the presumption later. Free tax 2007 Category 1. Free tax 2007 Category 2. Free tax 2007 Category 3. Free tax 2007 What's New for 2013 Standard mileage rate. Free tax 2007  For 2013, the standard mileage rate for the cost of operating your car, van, pickup, or panel truck for each mile of business use is 56. Free tax 2007 5 cents. Free tax 2007 See Truck and Car Expenses , later. Free tax 2007 Simplified method for business use of home deduction. Free tax 2007  The IRS now provides a simplified method to determine your expenses for business use of your home. Free tax 2007 For more information, see Schedule C (Form 1040), Part II, and its instructions. Free tax 2007 Introduction You can generally deduct the current costs of operating your farm. Free tax 2007 Current costs are expenses you do not have to capitalize or include in inventory costs. Free tax 2007 However, your deduction for the cost of livestock feed and certain other supplies may be limited. Free tax 2007 If you have an operating loss, you may not be able to deduct all of it. Free tax 2007 Topics - This chapter discusses: Deductible expenses Domestic production activities deduction Capital expenses Nondeductible expenses Losses from operating a farm Not-for-profit farming Useful Items - You may want to see: Publication 463 Travel, Entertainment, Gift, and Car Expenses 535 Business Expenses 587 Business Use of Your Home 925 Passive Activity and At-Risk Rules 936 Home Mortgage Interest Deduction Form (and Instructions) Sch A (Form 1040) Itemized Deductions Sch F (Form 1040) Profit or Loss From Farming 1045 Application for Tentative Refund 5213 Election To Postpone Determination as To Whether the Presumption Applies That an Activity Is Engaged in for Profit 8903 Domestic Production Activities Deduction See chapter 16 for information about getting publications and forms. Free tax 2007 Deductible Expenses The ordinary and necessary costs of operating a farm for profit are deductible business expenses. Free tax 2007 “Ordinary” means what most farmers do and “necessary” means what is useful and helpful in farming. Free tax 2007 Schedule F, Part II, lists some common farm expenses that are typically deductible. Free tax 2007 This chapter discusses many of these expenses, as well as others not listed on Schedule F. Free tax 2007 Reimbursed expenses. Free tax 2007   If the reimbursement is received in the same year that the expense is claimed, reduce the expense by the amount of the reimbursement. Free tax 2007 If the reimbursement is received in a year after the expense is claimed, include the reimbursement amount in income. Free tax 2007 See Refund or reimbursement under Income From Other Sources in chapter 3. Free tax 2007 Personal and business expenses. Free tax 2007   Some expenses you pay during the tax year may be part personal and part business. Free tax 2007 These may include expenses for gasoline, oil, fuel, water, rent, electricity, telephone, automobile upkeep, repairs, insurance, interest, and taxes. Free tax 2007   You must allocate these mixed expenses between their business and personal parts. Free tax 2007 Generally, the personal part of these expenses is not deductible. Free tax 2007 The business portion of the expenses is deductible on Schedule F. Free tax 2007 Example. Free tax 2007 You paid $1,500 for electricity during the tax year. Free tax 2007 You used 1/3 of the electricity for personal purposes and 2/3 for farming. Free tax 2007 Under these circumstances, you can deduct $1,000 (2/3 of $1,500) of your electricity expense as a farm business expense. Free tax 2007 Reasonable allocation. Free tax 2007   It is not always easy to determine the business and nonbusiness parts of an expense. Free tax 2007 There is no method of allocation that applies to all mixed expenses. Free tax 2007 Any reasonable allocation is acceptable. Free tax 2007 What is reasonable depends on the circumstances in each case. Free tax 2007 Prepaid Farm Supplies Prepaid farm supplies include the following items if paid for during the year. Free tax 2007 Feed, seed, fertilizer, and similar farm supplies not used or consumed during the year, but not including farm supplies that you would have consumed during the year if not for a fire, storm, flood, other casualty, disease, or drought. Free tax 2007 Poultry (including egg-laying hens and baby chicks) bought for use (or for both use and resale) in your farm business. Free tax 2007 However, include only the amount that would be deductible in the following year if you had capitalized the cost and deducted it ratably over the lesser of 12 months or the useful life of the poultry. Free tax 2007 Poultry bought for resale and not resold during the year. Free tax 2007 Deduction limit. Free tax 2007   If you use the cash method of accounting to report your income and expenses, your deduction for prepaid farm supplies in the year you pay for them may be limited to 50% of your other deductible farm expenses for the year (all Schedule F deductions except prepaid farm supplies). Free tax 2007 This limit does not apply if you meet one of the exceptions described later. Free tax 2007 See Chapter 2 for a discussion of the cash method of accounting. Free tax 2007   If the limit applies, you can deduct the excess cost of farm supplies other than poultry in the year you use or consume the supplies. Free tax 2007 The excess cost of poultry bought for use (or for both use and resale) in your farm business is deductible in the year following the year you pay for it. Free tax 2007 The excess cost of poultry bought for resale is deductible in the year you sell or otherwise dispose of that poultry. Free tax 2007 Example. Free tax 2007 You may not qualify for the exception described next. Free tax 2007 During 2013, you bought fertilizer ($4,000), feed ($1,000), and seed ($500) for use on your farm in the following year. Free tax 2007 Your total prepaid farm supplies expense for 2013 is $5,500. Free tax 2007 Your other deductible farm expenses totaled $10,000 for 2013. Free tax 2007 Therefore, your deduction for prepaid farm supplies cannot be more than $5,000 (50% of $10,000) for 2013. Free tax 2007 The excess prepaid farm supplies expense of $500 ($5,500 − $5,000) is deductible in a later tax year when you use or consume the supplies. Free tax 2007 Exceptions. Free tax 2007   This limit on the deduction for prepaid farm supplies expense does not apply if you are a farm-related taxpayer and either of the following apply. Free tax 2007 Your prepaid farm supplies expense is more than 50% of your other deductible farm expenses because of a change in business operations caused by unusual circumstances. Free tax 2007 Your total prepaid farm supplies expense for the preceding 3 tax years is less than 50% of your total other deductible farm expenses for those 3 tax years. Free tax 2007   You are a farm-related taxpayer if any of the following tests apply. Free tax 2007 Your main home is on a farm. Free tax 2007 Your principal business is farming. Free tax 2007 A member of your family meets (1) or (2). Free tax 2007 For this purpose, your family includes your brothers and sisters, half-brothers and half-sisters, spouse, parents, grandparents, children, grandchildren, and aunts and uncles and their children. Free tax 2007    Whether or not the deduction limit for prepaid farm supplies applies, your expenses for prepaid livestock feed may be subject to the rules for advance payment of livestock feed, discussed next. Free tax 2007 Prepaid Livestock Feed If you report your income and expenses under the cash method of accounting, you cannot deduct in the year paid the cost of feed your livestock will consume in a later year unless you meet all the following tests. Free tax 2007 The payment is for the purchase of feed rather than a deposit. Free tax 2007 The prepayment has a business purpose and is not merely for tax avoidance. Free tax 2007 Deducting the prepayment does not result in a material distortion of your income. Free tax 2007 If you meet all three tests, you can deduct the prepaid feed, subject to the limit on prepaid farm supplies discussed earlier. Free tax 2007 If you fail any of these tests, you can deduct the prepaid feed only in the year it is consumed. Free tax 2007 This rule does not apply to the purchase of commodity futures contracts. Free tax 2007 Payment for the purchase of feed. Free tax 2007   Whether a payment is for the purchase of feed or a deposit depends on the facts and circumstances in each case. Free tax 2007 It is for the purchase of feed if you can show you made it under a binding commitment to accept delivery of a specific quantity of feed at a fixed price and you are not entitled, by contract or business custom, to a refund or repurchase. Free tax 2007   The following are some factors that show a payment is a deposit rather than for the purchase of feed. Free tax 2007 The absence of specific quantity terms. Free tax 2007 The right to a refund of any unapplied payment credit at the end of the contract. Free tax 2007 The seller's treatment of the payment as a deposit. Free tax 2007 The right to substitute other goods or products for those specified in the contract. Free tax 2007   A provision permitting substitution of ingredients to vary the particular feed mix to meet your livestock's current diet requirements will not suggest a deposit. Free tax 2007 Further, a price adjustment to reflect market value at the date of delivery is not, by itself, proof of a deposit. Free tax 2007 Business purpose. Free tax 2007   The prepayment has a business purpose only if you have a reasonable expectation of receiving some business benefit from prepaying the cost of livestock feed. Free tax 2007 The following are some examples of business benefits. Free tax 2007 Fixing maximum prices and securing an assured feed supply. Free tax 2007 Securing preferential treatment in anticipation of a feed shortage. Free tax 2007   Other factors considered in determining the existence of a business purpose are whether the prepayment was a condition imposed by the seller and whether that condition was meaningful. Free tax 2007 No material distortion of income. Free tax 2007   The following are some factors considered in determining whether deducting prepaid livestock feed materially distorts income. Free tax 2007 Your customary business practice in conducting your livestock operations. Free tax 2007 The expense in relation to past purchases. Free tax 2007 The time of year you made the purchase. Free tax 2007 The expense in relation to your income for the year. Free tax 2007 Labor Hired You can deduct reasonable wages paid for regular farm labor, piecework, contract labor, and other forms of labor hired to perform your farming operations. Free tax 2007 You can pay wages in cash or in noncash items such as inventory, capital assets, or assets used in your business. Free tax 2007 The cost of boarding farm labor is a deductible labor cost. Free tax 2007 Other deductible costs you incur for farm labor include health insurance, workers' compensation insurance, and other benefits. Free tax 2007 If you must withhold social security, Medicare, and income taxes from your employees' cash wages, you can still deduct the full amount of wages before withholding. Free tax 2007 See chapter 13 for more information on employment taxes. Free tax 2007 Also, deduct the employer's share of the social security and Medicare taxes you must pay on your employees' wages as a farm business expense on Schedule F, line 29. Free tax 2007 See Taxes , later. Free tax 2007 Property for services. Free tax 2007   If you transfer property to an employee in payment for services, you can deduct as wages paid the fair market value of the property on the date of transfer. Free tax 2007 If the employee pays you anything for the property, deduct as wages the fair market value of the property minus the payment by the employee for the property. Free tax 2007   Treat the wages deducted as an amount received for the property. Free tax 2007 You may have a gain or loss to report if the property's adjusted basis on the date of transfer is different from its fair market value. Free tax 2007 Any gain or loss has the same character the exchanged property had in your hands. Free tax 2007 For more information, see chapter 8. Free tax 2007 Child as an employee. Free tax 2007   You can deduct reasonable wages or other compensation you pay to your child for doing farmwork if a true employer-employee relationship exists between you and your child. Free tax 2007 Include these wages in the child's income. Free tax 2007 The child may have to file an income tax return. Free tax 2007 These wages may also be subject to social security and Medicare taxes if your child is age 18 or older. Free tax 2007 For more information, see Family Employees in chapter 13. Free tax 2007    A Form W-2, Wage and Tax Statement, should be issued to the child employee. Free tax 2007   The fact that your child spends the wages to buy clothes or other necessities you normally furnish does not prevent you from deducting your child's wages as a farm expense. Free tax 2007 The amount of wages paid to the child could cause a loss of the dependency exemption depending on how the child uses the money. Free tax 2007 Spouse as an employee. Free tax 2007   You can deduct reasonable wages or other compensation you pay to your spouse if a true employer-employee relationship exists between you and your spouse. Free tax 2007 Wages you pay to your spouse are subject to social security and Medicare taxes. Free tax 2007 For more information, see Family Employees in chapter 13. Free tax 2007 Nondeductible Pay You cannot deduct wages paid for certain household work, construction work, and maintenance of your home. Free tax 2007 However, those wages may be subject to the employment taxes discussed in chapter 13. Free tax 2007 Household workers. Free tax 2007   Do not deduct amounts paid to persons engaged in household work, except to the extent their services are used in boarding or otherwise caring for farm laborers. Free tax 2007 Construction labor. Free tax 2007   Do not deduct wages paid to hired help for the construction of new buildings or other improvements. Free tax 2007 These wages are part of the cost of the building or other improvement. Free tax 2007 You must capitalize them. Free tax 2007 Maintaining your home. Free tax 2007   If your farm employee spends time maintaining or repairing your home, the wages and employment taxes you pay for that work are nondeductible personal expenses. Free tax 2007 For example, assume you have a farm employee for the entire tax year and the employee spends 5% of the time maintaining your home. Free tax 2007 The employee devotes the remaining time to work on your farm. Free tax 2007 You cannot deduct 5% of the wages and employment taxes you pay for that employee. Free tax 2007 Employment Credits Reduce your deduction for wages by the amount of any employment credits you claim such as the work opportunity credit for qualified tax-exempt organizations hiring qualified veterans (Form 5884-C). Free tax 2007 Repairs and Maintenance You can deduct most expenses for the repair and maintenance of your farm property. Free tax 2007 Common items of repair and maintenance are repainting, replacing shingles and supports on farm buildings, and periodic or routine maintenance of trucks, tractors, and other farm machinery. Free tax 2007 However, repairs to, or overhauls of, depreciable property that substantially prolong the life of the property, increase its value, or adapt it to a different use are capital expenses. Free tax 2007 For example, if you repair the barn roof, the cost is deductible. Free tax 2007 But if you replace the roof, it is a capital expense. Free tax 2007 For more information, see Capital Expenses , later. Free tax 2007 Interest You can deduct as a farm business expense interest paid on farm mortgages and other obligations you incur in your farm business. Free tax 2007 Cash method. Free tax 2007   If you use the cash method of accounting, you can generally deduct interest paid during the tax year. Free tax 2007 You cannot deduct interest paid with funds received from the original lender through another loan, advance, or other arrangement similar to a loan. Free tax 2007 You can, however, deduct the interest when you start making payments on the new loan. Free tax 2007 For more information, see Cash Method in chapter 2. Free tax 2007 Prepaid interest. Free tax 2007   Under the cash method, you generally cannot deduct any interest paid before the year it is due. Free tax 2007 Interest paid in advance may be deducted only in the tax year in which it is due. Free tax 2007 Accrual method. Free tax 2007   If you use an accrual method of accounting, you can deduct only interest that has accrued during the tax year. Free tax 2007 However, you cannot deduct interest owed to a related person who uses the cash method until payment is made and the interest is includible in the gross income of that person. Free tax 2007 For more information, see Accrual Method in chapter 2. Free tax 2007 Allocation of interest. Free tax 2007   If you use the proceeds of a loan for more than one purpose, you must allocate the interest on that loan to each use. Free tax 2007 Allocate the interest to the following categories. Free tax 2007 Trade or business interest. Free tax 2007 Passive activity interest. Free tax 2007 Investment interest. Free tax 2007 Portfolio interest. Free tax 2007 Personal interest. Free tax 2007   You generally allocate interest on a loan the same way you allocate the loan proceeds. Free tax 2007 You allocate loan proceeds by tracing disbursements to specific uses. Free tax 2007 The easiest way to trace disbursements to specific uses is to keep the proceeds of a particular loan separate from any other funds. Free tax 2007 Secured loan. Free tax 2007   The allocation of loan proceeds and the related interest is generally not affected by the use of property that secures the loan. Free tax 2007 Example. Free tax 2007 You secure a loan with property used in your farming business. Free tax 2007 You use the loan proceeds to buy a car for personal use. Free tax 2007 You must allocate interest expense on the loan to personal use (purchase of the car) even though the loan is secured by farm business property. Free tax 2007 If the property that secures the loan is your home, you generally do not allocate the loan proceeds or the related interest. Free tax 2007 The interest is usually deductible as qualified home mortgage interest, regardless of how the loan proceeds are used. Free tax 2007 However, you can choose to treat the loan as not secured by your home. Free tax 2007 For more information, see Publication 936. Free tax 2007 Allocation period. Free tax 2007   The period for which a loan is allocated to a particular use begins on the date the proceeds are used and ends on the earlier of the following dates. Free tax 2007 The date the loan is repaid. Free tax 2007 The date the loan is reallocated to another use. Free tax 2007 More information. Free tax 2007   For more information on interest, see chapter 4 in Publication 535. Free tax 2007 Breeding Fees You can deduct breeding fees as a farm business expense. Free tax 2007 However, if you use an accrual method of accounting, you must capitalize breeding fees and allocate them to the cost basis of the calf, foal, etc. Free tax 2007 For more information on who must use an accrual method of accounting, see Accrual Method Required under Accounting Methods in chapter 2. Free tax 2007 Fertilizer and Lime You can deduct in the year paid or incurred the cost of fertilizer, lime, and other materials applied to farmland to enrich, neutralize, or condition it if the benefits last a year or less. Free tax 2007 You can also deduct the cost of applying these materials in the year you pay or incur it. Free tax 2007 However, see Prepaid Farm Supplies , earlier, for a rule that may limit your deduction for these materials. Free tax 2007 If the benefits of the fertilizer, lime, or other materials last substantially more than one year, you generally capitalize their cost and deduct a part each year the benefits last. Free tax 2007 However, you can choose to deduct these expenses in the year paid or incurred. Free tax 2007 If you make this choice, you will need IRS approval if you later decide to capitalize the cost of previously deducted items. Free tax 2007 If you sell farmland on which fertilizer or lime has been applied and if the selling price of the land includes part or all of the cost of the fertilizer or lime, you report the sale amount attributable to the fertilizer or lime as ordinary income. Free tax 2007 Farmland, for these purposes, is land used for producing crops, fruits, or other agricultural products or for sustaining livestock. Free tax 2007 It does not include land you have never used previously for producing crops or sustaining livestock. Free tax 2007 You cannot deduct initial land preparation costs. Free tax 2007 (See Capital Expenses , later. Free tax 2007 ) Include government payments you receive for lime or fertilizer in income. Free tax 2007 See Fertilizer and Lime under Agricultural Program Payments in chapter 3. Free tax 2007 Taxes You can deduct as a farm business expense the real estate and personal property taxes on farm business assets, such as farm equipment, animals, farmland, and farm buildings. Free tax 2007 You also can deduct the social security and Medicare taxes you pay to match the amount withheld from the wages of farm employees and any federal unemployment tax you pay. Free tax 2007 For information on employment taxes, see chapter 13. Free tax 2007 Allocation of taxes. Free tax 2007   The taxes on the part of your farm you use as your home (including the furnishings and surrounding land not used for farming) are nonbusiness taxes. Free tax 2007 You may be able to deduct these nonbusiness taxes as itemized deductions on Schedule A (Form 1040). Free tax 2007 To determine the nonbusiness part, allocate the taxes between the farm assets and nonbusiness assets. Free tax 2007 The allocation can be done from the assessed valuations. Free tax 2007 If your tax statement does not show the assessed valuations, you can usually get them from the tax assessor. Free tax 2007 State and local general sales taxes. Free tax 2007   State and local general sales taxes on nondepreciable farm business expense items are deductible as part of the cost of those items. Free tax 2007 Include state and local general sales taxes imposed on the purchase of assets for use in your farm business as part of the cost you depreciate. Free tax 2007 Also treat the taxes as part of your cost if they are imposed on the seller and passed on to you. Free tax 2007 State and federal income taxes. Free tax 2007   Individuals cannot deduct state and federal income taxes as farm business expenses. Free tax 2007 Individuals can deduct state and local income taxes only as an itemized deduction on Schedule A (Form 1040). Free tax 2007 However, you cannot deduct federal income tax. Free tax 2007 Highway use tax. Free tax 2007   You can deduct the federal use tax on highway motor vehicles paid on a truck or truck tractor used in your farm business. Free tax 2007 For information on the tax itself, including information on vehicles subject to the tax, see the Instructions for Form 2290, Heavy Highway Vehicle Use Tax Return. Free tax 2007 Self-employment tax deduction. Free tax 2007   You can deduct as an adjustment to income on Form 1040 one-half of your self-employment tax in figuring your adjusted gross income. Free tax 2007 For more information, see chapter 12. Free tax 2007 Insurance You generally can deduct the ordinary and necessary cost of insurance for your farm business as a business expense. Free tax 2007 This includes premiums you pay for the following types of insurance. Free tax 2007 Fire, storm, crop, theft, liability, and other insurance on farm business assets. Free tax 2007 Health and accident insurance on your farm employees. Free tax 2007 Workers' compensation insurance set by state law that covers any claims for job-related bodily injuries or diseases suffered by employees on your farm, regardless of fault. Free tax 2007 Business interruption insurance. Free tax 2007 State unemployment insurance on your farm employees (deductible as taxes if they are considered taxes under state law). Free tax 2007 Insurance to secure a loan. Free tax 2007   If you take out a policy on your life or on the life of another person with a financial interest in your farm business to get or protect a business loan, you cannot deduct the premiums as a business expense. Free tax 2007 In the event of death, the proceeds of the policy are not taxed as income even if they are used to liquidate the debt. Free tax 2007 Advance premiums. Free tax 2007   Deduct advance payments of insurance premiums only in the year to which they apply, regardless of your accounting method. Free tax 2007 Example. Free tax 2007 On June 28, 2013, you paid a premium of $3,000 for fire insurance on your barn. Free tax 2007 The policy will cover a period of 3 years beginning on July 1, 2013. Free tax 2007 Only the cost for the 6 months in 2013 is deductible as an insurance expense on your 2013 calendar year tax return. Free tax 2007 Deduct $500, which is the premium for 6 months of the 36-month premium period, or 6/36 of $3,000. Free tax 2007 In both 2014 and 2015, deduct $1,000 (12/36 of $3,000). Free tax 2007 Deduct the remaining $500 in 2016. Free tax 2007 Had the policy been effective on January 1, 2013, the deductible expense would have been $1,000 for each of the years 2013, 2014, and 2015, based on one-third of the premium used each year. Free tax 2007 Business interruption insurance. Free tax 2007   Use and occupancy and business interruption insurance premiums are deductible as a business expense. Free tax 2007 This insurance pays for lost profits if your business is shut down due to a fire or other cause. Free tax 2007 Report any proceeds in full on Schedule F, Part I. Free tax 2007 Self-employed health insurance deduction. Free tax 2007   If you are self-employed, you can deduct as an adjustment to income on Form 1040 your payments for medical, dental, and qualified long-term care insurance coverage for yourself, your spouse, and your dependents when figuring your adjusted gross income on your Form 1040. Free tax 2007 Effective March 30, 2010, the insurance can also cover any child of yours under age 27 at the end of 2013, even if the child was not your dependent. Free tax 2007 Generally, this deduction cannot be more than the net profit from the business under which the plan was established. Free tax 2007   If you or your spouse is also an employee of another person, you cannot take the deduction for any month in which you are eligible to participate in a subsidized health plan maintained by your employer or your spouse's employer. Free tax 2007   Generally, use the Self-Employed Health Insurance Deduction Worksheet in the Instructions for Form 1040 to figure your deduction. Free tax 2007 Include the remaining part of the insurance payment in your medical expenses on Schedule A (Form 1040) if you itemize your deductions. Free tax 2007   For more information, see Deductible Premiums in Publication 535, chapter 6. Free tax 2007 Rent and Leasing If you lease property for use in your farm business, you can generally deduct the rent you pay on Schedule F. Free tax 2007 However, you cannot deduct rent you pay in crop shares if you deduct the cost of raising the crops as farm expenses. Free tax 2007 Advance payments. Free tax 2007   Deduct advance payments of rent only in the year to which they apply, regardless of your accounting method. Free tax 2007 Farm home. Free tax 2007   If you rent a farm, do not deduct the part of the rental expense that represents the fair rental value of the farm home in which you live. Free tax 2007 Lease or Purchase If you lease a farm building or equipment, you must determine whether or not the agreement must be treated as a conditional sales contract rather than a lease. Free tax 2007 If the agreement is treated as a conditional sales contract, the payments under the agreement (so far as they do not represent interest or other charges) are payments for the purchase of the property. Free tax 2007 Do not deduct these payments as rent, but capitalize the cost of the property and recover this cost through depreciation. Free tax 2007 Conditional sales contract. Free tax 2007   Whether an agreement is a conditional sales contract depends on the intent of the parties. Free tax 2007 Determine intent based on the provisions of the agreement and the facts and circumstances that exist when you make the agreement. Free tax 2007 No single test, or special combination of tests, always applies. Free tax 2007 However, in general, an agreement may be considered a conditional sales contract rather than a lease if any of the following is true. Free tax 2007 The agreement applies part of each payment toward an equity interest you will receive. Free tax 2007 You get title to the property after you make a stated amount of required payments. Free tax 2007 The amount you must pay to use the property for a short time is a large part of the amount you would pay to get title to the property. Free tax 2007 You pay much more than the current fair rental value of the property. Free tax 2007 You have an option to buy the property at a nominal price compared to the value of the property when you may exercise the option. Free tax 2007 Determine this value when you make the agreement. Free tax 2007 You have an option to buy the property at a nominal price compared to the total amount you have to pay under the agreement. Free tax 2007 The agreement designates part of the payments as interest, or part of the payments can be easily recognized as interest. Free tax 2007 Example. Free tax 2007 You lease new farm equipment from a dealer who both sells and leases. Free tax 2007 The agreement includes an option to purchase the equipment for a specified price. Free tax 2007 The lease payments and the specified option price equal the sales price of the equipment plus interest. Free tax 2007 Under the agreement, you are responsible for maintenance, repairs, and the risk of loss. Free tax 2007 For federal income tax purposes, the agreement is a conditional sales contract. Free tax 2007 You cannot deduct any of the lease payments as rent. Free tax 2007 You can deduct interest, repairs, insurance, depreciation, and other expenses related to the equipment. Free tax 2007 Motor vehicle leases. Free tax 2007   Special rules apply to lease agreements that have a terminal rental adjustment clause. Free tax 2007 In general, this is a clause that provides for a rental price adjustment based on the amount the lessor is able to sell the vehicle for at the end of the lease. Free tax 2007 If your rental agreement contains a terminal rental adjustment clause, treat the agreement as a lease if the agreement otherwise qualifies as a lease. Free tax 2007 For more information, see Internal Revenue Code (IRC) section 7701(h). Free tax 2007 Leveraged leases. Free tax 2007   Special rules apply to leveraged leases of equipment (arrangements in which the equipment is financed by a nonrecourse loan from a third party). Free tax 2007 For more information, see Publication 535, chapter 3, and Revenue Procedure 2001-28, which begins on page 1156 of Internal Revenue Bulletin 2001-19 at www. Free tax 2007 irs. Free tax 2007 gov/pub/irs-irbs/irb01-19. Free tax 2007 pdf. Free tax 2007 Depreciation If property you acquire to use in your farm business is expected to last more than one year, you generally cannot deduct the entire cost in the year you acquire it. Free tax 2007 You must recover the cost over more than one year and deduct part of it each year on Schedule F as depreciation or amortization. Free tax 2007 However, you can choose to deduct part or all of the cost of certain qualifying property, up to a limit, as a section 179 deduction in the year you place it in service. Free tax 2007 Depreciation, amortization, and the section 179 deduction are discussed in chapter 7. Free tax 2007 Business Use of Your Home You can deduct expenses for the business use of your home if you use part of your home exclusively and regularly: As the principal place of business for any trade or business in which you engage, As a place to meet or deal with patients, clients, or customers in the normal course of your trade or business, or In connection with your trade or business, if you are using a separate structure that is not attached to your home. Free tax 2007 Your home office will qualify as your principal place of business for deducting expenses for its use if you meet both of the following requirements. Free tax 2007 You use it exclusively and regularly for the administrative or management activities of your trade or business. Free tax 2007 You have no other fixed location where you conduct substantial administrative or management activities of your trade or business. Free tax 2007 If you use part of your home for business, you must divide the expenses of operating your home between personal and business use. Free tax 2007 The IRS now provides a simplified method to determine your expenses for business use of your home. Free tax 2007 For more information, see Schedule C (Form 1040), Part II, and its instructions. Free tax 2007 Deduction limit. Free tax 2007   If your gross income from farming equals or exceeds your total farm expenses (including expenses for the business use of your home), you can deduct all your farm expenses. Free tax 2007 But if your gross income from farming is less than your total farm expenses, your deduction for certain expenses for the use of your home in your farming business is limited. Free tax 2007   Your deduction for otherwise nondeductible expenses, such as utilities, insurance, and depreciation (with depreciation taken last), cannot be more than the gross income from farming minus the following expenses. Free tax 2007 The business part of expenses you could deduct even if you did not use your home for business (such as deductible mortgage interest, real estate taxes, and casualty and theft losses). Free tax 2007 Farm expenses other than expenses that relate to the use of your home. Free tax 2007 If you are self-employed, do not include your deduction for half of your self-employment tax. Free tax 2007   Deductions over the current year's limit can be carried over to your next tax year. Free tax 2007 They are subject to the deduction limit for the next tax year. Free tax 2007 More information. Free tax 2007   See Publication 587 for more information on deducting expenses for the business use of your home. Free tax 2007 Telephone expense. Free tax 2007   You cannot deduct the cost of basic local telephone service (including any taxes) for the first telephone line you have in your home, even if you have an office in your home. Free tax 2007 However, charges for business long-distance phone calls on that line, as well as the cost of a second line into your home used exclusively for your farm business, are deductible business expenses. Free tax 2007 Cell phone charges for calls relating to your farm business are deductible. Free tax 2007 If the cell phone you use for your farm business is part of a family cell phone plan, you must allocate and deduct only the portion of the charges attributable to farm business calls. Free tax 2007 Truck and Car Expenses You can deduct the actual cost of operating a truck or car in your farm business. Free tax 2007 Only expenses for business use are deductible. Free tax 2007 These include such items as gasoline, oil, repairs, license tags, insurance, and depreciation (subject to certain limits). Free tax 2007 Standard mileage rate. Free tax 2007   Instead of using actual costs, under certain conditions you can use the standard mileage rate. Free tax 2007 The standard mileage rate for each mile of business use is 56. Free tax 2007 5 cents in 2013. Free tax 2007 You can use the standard mileage rate for a car or a light truck, such as a van, pickup, or panel truck, you own or lease. Free tax 2007   You cannot use the standard mileage rate if you operate five or more cars or light trucks at the same time. Free tax 2007 You are not using five or more vehicles at the same time if you alternate using the vehicles (you use them at different times) for business. Free tax 2007 Example. Free tax 2007 Maureen owns a car and four pickup trucks that are used in her farm business. Free tax 2007 Her farm employees use the trucks and she uses the car for business. Free tax 2007 Maureen cannot use the standard mileage rate for the car or the trucks. Free tax 2007 This is because all five vehicles are used in Maureen's farm business at the same time. Free tax 2007 She must use actual expenses for all vehicles. Free tax 2007 Business use percentage. Free tax 2007   You can claim 75% of the use of a car or light truck as business use without any records if you used the vehicle during most of the normal business day directly in connection with the business of farming. Free tax 2007 You choose this method of substantiating business use the first year the vehicle is placed in service. Free tax 2007 Once you make this choice, you may not change to another method later. Free tax 2007 The following are uses directly connected with the business of farming. Free tax 2007 Cultivating land. Free tax 2007 Raising or harvesting any agricultural or horticultural commodity. Free tax 2007 Raising, shearing, feeding, caring for, training, and managing animals. Free tax 2007 Driving to the feed or supply store. Free tax 2007   If you keep records and they show that your business use was more than 75%, you may be able to claim more. Free tax 2007 See Recordkeeping requirements under Travel Expenses , below. Free tax 2007 More information. Free tax 2007   For more information on deductible truck and car expenses, see Publication 463, chapter 4. Free tax 2007 If you pay your employees for the use of their truck or car in your farm business, see Reimbursements to employees under Travel Expenses next. Free tax 2007 Travel Expenses You can deduct ordinary and necessary expenses you incur while traveling away from home for your farm business. Free tax 2007 You cannot deduct lavish or extravagant expenses. Free tax 2007 Usually, the location of your farm business is considered your home for tax purposes. Free tax 2007 You are traveling away from home if: Your duties require you to be absent from your farm substantially longer than an ordinary work day, and You need to get sleep or rest to meet the demands of your work while away from home. Free tax 2007 If you meet these requirements and can prove the time, place, and business purpose of your travel, you can deduct your ordinary and necessary travel expenses. Free tax 2007 The following are some types of deductible travel expenses. Free tax 2007 Air, rail, bus, and car transportation; Meals and lodging; Dry cleaning and laundry; Telephone and fax; Transportation between your hotel and your temporary work or business meeting location; and Tips for any of the above expenses. Free tax 2007 Meals. Free tax 2007   You ordinarily can deduct only 50% of your business-related meals expenses. Free tax 2007 You can deduct the cost of your meals while traveling on business only if your business trip is overnight or long enough to require you to stop for sleep or rest to properly perform your duties. Free tax 2007 You cannot deduct any of the cost of meals if it is not necessary for you to rest, unless you meet the rules for business entertainment. Free tax 2007 For information on entertainment expenses, see Publication 463, chapter 2. Free tax 2007   The expense of a meal includes amounts you spend for your food, beverages, taxes, and tips relating to the meal. Free tax 2007 You can deduct either 50% of the actual cost or 50% of a standard meal allowance that covers your daily meal and incidental expenses. Free tax 2007    Recordkeeping requirements. Free tax 2007 You must be able to prove your deductions for travel by adequate records or other evidence that will support your own statement. Free tax 2007 Estimates or approximations do not qualify as proof of an expense. Free tax 2007   You should keep an account book or similar record, supported by adequate documentary evidence, such as receipts, that together support each element of an expense. Free tax 2007 Generally, it is best to record the expense and get documentation of it at the time you pay it. Free tax 2007   If you choose to deduct a standard meal allowance rather than the actual expense, you do not have to keep records to prove amounts spent for meals and incidental items. Free tax 2007 However, you must still keep records to prove the actual amount of other travel expenses, and the time, place, and business purpose of your travel. Free tax 2007 More information. Free tax 2007   For detailed information on travel, recordkeeping, and the standard meal allowance, see Publication 463. Free tax 2007 Reimbursements to employees. Free tax 2007   You generally can deduct reimbursements you pay to your employees for travel and transportation expenses they incur in the conduct of your business. Free tax 2007 Employees may be reimbursed under an accountable or nonaccountable plan. Free tax 2007 Under an accountable plan, the employee must provide evidence of expenses. Free tax 2007 Under a nonaccountable plan, no evidence of expenses is required. Free tax 2007 If you reimburse expenses under an accountable plan, deduct them as travel and transportation expenses. Free tax 2007 If you reimburse expenses under a nonaccountable plan, you must report the reimbursements as wages on Form W-2 and deduct them as wages. Free tax 2007 For more information, see Publication 535, chapter 11. Free tax 2007 Marketing Quota Penalties You can deduct as Other expenses on Schedule F penalties you pay for marketing crops in excess of farm marketing quotas. Free tax 2007 However, if you do not pay the penalty, but instead the purchaser of your crop deducts it from the payment to you, include in gross income only the amount you received. Free tax 2007 Do not take a separate deduction for the penalty. Free tax 2007 Tenant House Expenses You can deduct the costs of maintaining houses and their furnishings for tenants or hired help as farm business expenses. Free tax 2007 These costs include repairs, utilities, insurance, and depreciation. Free tax 2007 The value of a dwelling you furnish to a tenant under the usual tenant-farmer arrangement is not taxable income to the tenant. Free tax 2007 Items Purchased for Resale If you use the cash method of accounting, you ordinarily deduct the cost of livestock and other items purchased for resale only in the year of sale. Free tax 2007 You deduct this cost, including freight charges for transporting the livestock to the farm, on Schedule F, Part I. Free tax 2007 However, see Chickens, seeds, and young plants , below. Free tax 2007 Example. Free tax 2007 You use the cash method of accounting. Free tax 2007 In 2013, you buy 50 steers you will sell in 2014. Free tax 2007 You cannot deduct the cost of the steers on your 2013 tax return. Free tax 2007 You deduct their cost on your 2014 Schedule F, Part I. Free tax 2007 Chickens, seeds, and young plants. Free tax 2007   If you are a cash method farmer, you can deduct the cost of hens and baby chicks bought for commercial egg production, or for raising and resale, as an expense on Schedule F, Part I, in the year paid if you do it consistently and it does not distort income. Free tax 2007 You also can deduct the cost of seeds and young plants bought for further development and cultivation before sale as an expense on Schedule F, Part I, when paid if you do this consistently and you do not figure your income on the crop method. Free tax 2007 However, see Prepaid Farm Supplies , earlier, for a rule that may limit your deduction for these items. Free tax 2007   If you deduct the cost of chickens, seeds, and young plants as an expense, report their entire selling price as income. Free tax 2007 You cannot also deduct the cost from the selling price. Free tax 2007   You cannot deduct the cost of seeds and young plants for Christmas trees and timber as an expense. Free tax 2007 Deduct the cost of these seeds and plants through depletion allowances. Free tax 2007 For more information, see Depletion in chapter 7. Free tax 2007   The cost of chickens and plants used as food for your family is never deductible. Free tax 2007   Capitalize the cost of plants with a preproductive period of more than 2 years, unless you can elect out of the uniform capitalization rules. Free tax 2007 These rules are discussed in chapter 6. Free tax 2007 Example. Free tax 2007 You use the cash method of accounting. Free tax 2007 In 2013, you buy 500 baby chicks to raise for resale in 2014. Free tax 2007 You also buy 50 bushels of winter wheat seed in 2013 that you sow in the fall. Free tax 2007 Unless you previously adopted the method of deducting these costs in the year you sell the chickens or the harvested crops, you can deduct the cost of both the baby chicks and the seed wheat in 2013. Free tax 2007 Election to use crop method. Free tax 2007   If you use the crop method, you can delay deducting the cost of seeds and young plants until you sell them. Free tax 2007 You must get IRS approval to use the crop method. Free tax 2007 If you follow this method, deduct the cost from the selling price to determine your profit on Schedule F, Part I. Free tax 2007 For more information, see Crop method under Special Methods of Accounting in chapter 2. Free tax 2007 Choosing a method. Free tax 2007   You can adopt either the crop method or the cash method for deducting the cost in the first year you buy egg-laying hens, pullets, chicks, or seeds and young plants. Free tax 2007   Although you must use the same method for egg-laying hens, pullets, and chicks, you can use a different method for seeds and young plants. Free tax 2007 Once you use a particular method for any of these items, use it for those items until you get IRS approval to change your method. Free tax 2007 For more information, see Change in Accounting Method in chapter 2. Free tax 2007 Other Expenses The following list, while not all-inclusive, shows some expenses you can deduct as other farm expenses on Schedule F, Part II. Free tax 2007 These expenses must be for business purposes and  (1) paid, if you use the cash method of accounting, or (2) incurred, if you use an accrual method of accounting. Free tax 2007 Accounting fees. Free tax 2007 Advertising. Free tax 2007 Business travel and meals. Free tax 2007 Commissions. Free tax 2007 Consultant fees. Free tax 2007 Crop scouting expenses. Free tax 2007 Dues to cooperatives. Free tax 2007 Educational expenses (to maintain and improve farming skills). Free tax 2007 Farm-related attorney fees. Free tax 2007 Farm magazines. Free tax 2007 Ginning. Free tax 2007 Insect sprays and dusts. Free tax 2007 Litter and bedding. Free tax 2007 Livestock fees. Free tax 2007 Marketing fees. Free tax 2007 Milk assessment. Free tax 2007 Recordkeeping expenses. Free tax 2007 Service charges. Free tax 2007 Small tools expected to last one year or less. Free tax 2007 Stamps and stationery. Free tax 2007 Subscriptions to professional, technical, and trade journals that deal with farming. Free tax 2007 Tying material and containers. Free tax 2007 Loan expenses. Free tax 2007   You prorate and deduct loan expenses, such as legal fees and commissions, you pay to get a farm loan over the term of the loan. Free tax 2007 Tax preparation fees. Free tax 2007   You can deduct as a farm business expense on Schedule F the cost of preparing that part of your tax return relating to your farm business. Free tax 2007 You may be able to deduct the remaining cost on Schedule A (Form 1040) if you itemize your deductions. Free tax 2007   You also can deduct on Schedule F the amount you pay or incur in resolving tax issues relating to your farm business. Free tax 2007 Domestic Production Activities Deduction Generally, you are allowed a deduction for income attributable to domestic production activities. Free tax 2007 You can deduct 9% of the lesser of your qualified production activities income or your taxable income (adjusted gross income for individuals) for the tax year. Free tax 2007 Your deduction is limited to 50% of the Form W-2 wages you paid for the tax year that are properly allocable to domestic production gross receipts. Free tax 2007 For this purpose, Form W-2 wages do not include noncash wages paid for agricultural labor, such as compensation paid as commodities. Free tax 2007 Also, excluded from Form W-2 wages are wages paid to your children under age 18 and nontaxable fringe benefits. Free tax 2007 Income from cooperatives. Free tax 2007   If you receive a patronage dividend or qualified per-unit retain allocation from a cooperative which is engaged in the manufacturing, production, growth, or extraction in whole or in significant part of any agricultural or horticultural product or in the marketing of agricultural or horticultural products, your income from the cooperative can give rise to a domestic production activities deduction. Free tax 2007 This deduction amount is reported on Form 1099-PATR, box 6. Free tax 2007 In order for you to qualify for the deduction, the cooperative is required to send you a written notice designating your portion of the domestic production activities deduction. Free tax 2007 More information. Free tax 2007   For more information on the domestic production activities deduction, see the Instructions for Form 8903. Free tax 2007 Capital Expenses A capital expense is a payment, or a debt incurred, for the acquisition, improvement, or restoration of an asset that is expected to last more than one year. Free tax 2007 You include the expense in the basis of the asset. Free tax 2007 Uniform capitalization rules also require you to capitalize or include in inventory certain other expenses. Free tax 2007 See chapters 2  and 6. Free tax 2007 Capital expenses are generally not deductible, but they may be depreciable. Free tax 2007 However, you can elect to deduct certain capital expenses, such as the following. Free tax 2007 The cost of fertilizer, lime, etc. Free tax 2007 (See Fertilizer and Lime under Deductible Expenses , earlier. Free tax 2007 ) Soil and water conservation expenses. Free tax 2007 (See chapter 5. Free tax 2007 ) The cost of property that qualifies for a deduction under section 179. Free tax 2007 (See chapter 7. Free tax 2007 ) Business start-up costs. Free tax 2007 (See Business start-up and organizational costs , later. Free tax 2007 ) Forestation and reforestation costs. Free tax 2007 (See Forestation and reforestation costs , later. Free tax 2007 ) Generally, the costs of the following items, including the costs of material, hired labor, and installation, are capital expenses. Free tax 2007 Land and buildings. Free tax 2007 Additions, alterations, and improvements to buildings, etc. Free tax 2007 Cars and trucks. Free tax 2007 Equipment and machinery. Free tax 2007 Fences. Free tax 2007 Draft, breeding, sport, and dairy livestock. Free tax 2007 Repairs to machinery, equipment, trucks, and cars that prolong their useful life, increase their value, or adapt them to different use. Free tax 2007 Water wells, including drilling and equipping costs. Free tax 2007 Land preparation costs, such as: Clearing land for farming, Leveling and conditioning land, Purchasing and planting trees, Building irrigation canals and ditches, Laying irrigation pipes, Installing drain tile, Modifying channels or streams, Constructing earthen, masonry, or concrete tanks, reservoirs, or dams, and Building roads. Free tax 2007 Business start-up and organizational costs. Free tax 2007   You can elect to deduct up to $5,000 of business start-up costs and $5,000 of organizational costs paid or incurred after October 22, 2004. Free tax 2007 The $5,000 deduction is reduced by the amount your total start-up or organizational costs exceed $50,000. Free tax 2007 Any remaining costs must be amortized. Free tax 2007 See chapter 7. Free tax 2007   You elect to deduct start-up or organizational costs by claiming the deduction on the income tax return filed by the due date (including extensions) for the tax year in which the active trade or business begins. Free tax 2007 However, if you timely filed your return for the year without making the election, you can still make the election by filing an amended return within 6 months of the due date of the return (excluding extensions). Free tax 2007 Clearly indicate the election on your amended return and write “Filed pursuant to section 301. Free tax 2007 9100-2” at the top of the amended return. Free tax 2007 File the amended return at the same address you filed the original return. Free tax 2007 The election applies when figuring taxable income for the current tax year and all subsequent years. Free tax 2007   You can choose to forgo the election by clearly electing to capitalize your start-up or organizational costs on an income tax return filed by the due date (including extensions) for the tax year in which the active trade or business begins. Free tax 2007 For more information about start-up and organizational costs, see chapter 7. Free tax 2007 Crop production expenses. Free tax 2007   The uniform capitalization rules generally require you to capitalize expenses incurred in producing plants. Free tax 2007 However, except for certain taxpayers required to use an accrual method of accounting, the capitalization rules do not apply to plants with a preproductive period of 2 years or less. Free tax 2007 For more information, see Uniform Capitalization Rules in chapter 6. Free tax 2007 Timber. Free tax 2007   Capitalize the cost of acquiring timber. Free tax 2007 Do not include the cost of land in the cost of the timber. Free tax 2007 You must generally capitalize direct costs incurred in reforestation. Free tax 2007 However, you can elect to deduct some forestation and reforestation costs. Free tax 2007 See Forestation and reforestation costs next. Free tax 2007 Reforestation costs include the following. Free tax 2007 Site preparation costs, such as: Girdling, Applying herbicide, Baiting rodents, and Clearing and controlling brush. Free tax 2007 The cost of seed or seedlings. Free tax 2007 Labor and tool expenses. Free tax 2007 Depreciation on equipment used in planting or seeding. Free tax 2007 Costs incurred in replanting to replace lost seedlings. Free tax 2007 You can choose to capitalize certain indirect reforestation costs. Free tax 2007   These capitalized amounts are your basis for the timber. Free tax 2007 Recover your basis when you sell the timber or take depletion allowances when you cut the timber. Free tax 2007 See Depletion in chapter 7. Free tax 2007 Forestation and reforestation costs. Free tax 2007   You can elect to deduct up to $10,000 ($5,000 if married filing separately; $0 for a trust) of qualifying reforestation costs paid or incurred after October 22, 2004, for each qualified timber property. Free tax 2007 Any remaining costs can be amortized over an 84-month period. Free tax 2007 See chapter 7. Free tax 2007 If you make an election to deduct or amortize qualifying reforestation costs, you should create and maintain separate timber accounts for each qualified timber property. Free tax 2007 The accounts should include all reforestation treatments and the dates they were applied. Free tax 2007 Any qualified timber property that is subject to the deduction or amortization election cannot be included in any other timber account for which depletion is allowed. Free tax 2007 The timber account should be maintained until the timber is disposed of. Free tax 2007 For more information, see Notice 2006-47, 2006-20 I. Free tax 2007 R. Free tax 2007 B. Free tax 2007 892, available at  www. Free tax 2007 irs. Free tax 2007 gov/irb/2006-20_IRB/ar11. Free tax 2007 html. Free tax 2007   You elect to deduct forestation and reforestation costs by claiming the deduction on the income tax return filed by the due date (including extensions) for the tax year in which the expenses were paid or incurred. Free tax 2007 If you are filing Form T (Timber), Forest Activities Schedule, also complete Form T (Timber), Part IV. Free tax 2007 If you are not filing Form T (Timber), attach a statement to your return with the following information. Free tax 2007 The unique stand identification numbers. Free tax 2007 The total number of acres reforested during the tax year. Free tax 2007 The nature of the reforestation treatments. Free tax 2007 The total amounts of the qualified reforestation expenditures eligible to be amortized or deducted. Free tax 2007   However, if you timely filed your return for the year without making the election, you can still make the election by filing an amended return within 6 months of the due date of the return (excluding extensions). Free tax 2007 Clearly indicate the election on your amended return and write “Filed pursuant to section 301. Free tax 2007 9100-2” at the top of the amended return. Free tax 2007 File the amended return at the same address you filed the original return. Free tax 2007    For more information about forestation and reforestation costs, see chapter 7. Free tax 2007    For more information about timber, see Agriculture Handbook Number 731, Forest Landowners' Guide to the Federal Income Tax. Free tax 2007 You can view this publication on the Internet at  www. Free tax 2007 fs. Free tax 2007 fed. Free tax 2007 us/publications. Free tax 2007 Christmas tree cultivation. Free tax 2007   If you are in the business of planting and cultivating Christmas trees to sell when they are more than 6 years old, capitalize expenses incurred for planting and stump culture and add them to the basis of the standing trees. Free tax 2007 Recover these expenses as part of your adjusted basis when you sell the standing trees or as depletion allowances when you cut the trees. Free tax 2007 For more information, see Timber Depletion under Depletion in chapter 7. Free tax 2007   You can deduct as business expenses the costs incurred for shearing and basal pruning of these trees. Free tax 2007 Expenses incurred for silvicultural practices, such as weeding or cleaning, and noncommercial thinning are also deductible as business expenses. Free tax 2007   Capitalize the cost of land improvements, such as road grading, ditching, and fire breaks, that have a useful life beyond the tax year. Free tax 2007 If the improvements do not have a determinable useful life, add their cost to the basis of the land. Free tax 2007 The cost is recovered when you sell or otherwise dispose of it. Free tax 2007 If the improvements have a determinable useful life, recover their cost through depreciation. Free tax 2007 Capitalize the cost of equipment and other depreciable assets, such as culverts and fences, to the extent you do not use them in planting Christmas trees. Free tax 2007 Recover these costs through depreciation. Free tax 2007 Nondeductible Expenses You cannot deduct personal expenses and certain other items on your tax return even if they relate to your farm. Free tax 2007 Personal, Living, and Family Expenses You cannot deduct certain personal, living, and family expenses as business expenses. Free tax 2007 These include rent and insurance premiums paid on property used as your home, life insurance premiums on yourself or your family, the cost of maintaining cars, trucks, or horses for personal use, allowances to minor children, attorneys' fees and legal expenses incurred in personal matters, and household expenses. Free tax 2007 Likewise, the cost of purchasing or raising produce or livestock consumed by you or your family is not deductible. Free tax 2007 Other Nondeductible Items You cannot deduct the following items on your tax return. Free tax 2007 Loss of growing plants, produce, and crops. Free tax 2007   Losses of plants, produce, and crops raised for sale are generally not deductible. Free tax 2007 However, you may have a deductible loss on plants with a preproductive period of more than 2 years. Free tax 2007 See chapter 11 for more information. Free tax 2007 Repayment of loans. Free tax 2007   You cannot deduct the repayment of a loan. Free tax 2007 However, if you use the proceeds of a loan for farm business expenses, you can deduct the interest on the loan. Free tax 2007 See Interest , earlier. Free tax 2007 Estate, inheritance, legacy, succession, and gift taxes. Free tax 2007   You cannot deduct estate, inheritance, legacy, succession, and gift taxes. Free tax 2007 Loss of livestock. Free tax 2007   You cannot deduct as a loss the value of raised livestock that die if you deducted the cost of raising them as an expense. Free tax 2007 Losses from sales or exchanges between related persons. Free tax 2007   You cannot deduct losses from sales or exchanges of property between you and certain related persons, including your spouse, brother, sister, ancestor, or lineal descendant. Free tax 2007 For more information, see chapter 2 of Publication 544, Sales and Other Dispositions of Assets. Free tax 2007 Cost of raising unharvested crops. Free tax 2007   You cannot deduct the cost of raising unharvested crops sold with land owned more than one year if you sell both at the same time and to the same person. Free tax 2007 Add these costs to the basis of the land to determine the gain or loss on the sale. Free tax 2007 For more information, see Section 1231 Gains and Losses in chapter 9. Free tax 2007 Cost of unharvested crops bought with land. Free tax 2007   Capitalize the purchase price of land, including the cost allocable to unharvested crops. Free tax 2007 You cannot deduct the cost of the crops at the time of purchase. Free tax 2007 However, you can deduct this cost in figuring net profit or loss in the tax year you sell the crops. Free tax 2007 Cost related to gifts. Free tax 2007   You cannot deduct costs related to your gifts of agricultural products or property held for sale in the ordinary course of your business. Free tax 2007 The costs are not deductible in the year of the gift or any later year. Free tax 2007 For example, you cannot deduct the cost of raising cattle or the cost of planting and raising unharvested wheat on parcels of land given as a gift to your children. Free tax 2007 Club dues and membership fees. Free tax 2007   Generally, you cannot deduct amounts you pay or incur for membership in any club organized for business, pleasure, recreation, or any other social purpose. Free tax 2007 This includes country clubs, golf and athletic clubs, hotel clubs, sporting clubs, airline clubs, and clubs operated to provide meals under circumstances generally considered to be conducive to business discussions. Free tax 2007 Exception. Free tax 2007   The following organizations will not be treated as a club organized for business, pleasure, recreation, or other social purposes, unless one of its main purposes is to conduct entertainment activities for members or their guests or to provide members or their guests with access to entertainment facilities. Free tax 2007 Boards of trade. Free tax 2007 Business leagues. Free tax 2007 Chambers of commerce. Free tax 2007 Civic or public service organizations. Free tax 2007 Professional associations. Free tax 2007 Trade associations. Free tax 2007 Real estate boards. Free tax 2007 Fines and penalties. Free tax 2007   You cannot deduct fines and penalties, except penalties for exceeding marketing quotas, discussed earlier. Free tax 2007 Losses From Operating a Farm If your deductible farm expenses are more than your farm income, you have a loss from the operation of your farm. Free tax 2007 The amount of the loss you can deduct when figuring your taxable income may be limited. Free tax 2007 To figure your deductible loss, you must apply the following limits. Free tax 2007 The at-risk limits. Free tax 2007 The passive activity limits. Free tax 2007 The following discussions explain these limits. Free tax 2007 If your deductible loss after applying these limits is more than your other income for the year, you may have a net operating loss. Free tax 2007 See Publication 536, Net Operating Losses (NOLs) for Individuals, Estates, and Trusts. Free tax 2007 If you do not carry on your farming activity to make a profit, your loss deduction may be limited by the not-for-profit rules. Free tax 2007 See Not-for-Profit Farming, later. Free tax 2007 At-Risk Limits The at-risk rules limit your deduction for losses from most business or income-producing activities, including farming. Free tax 2007 These rules limit the losses you can deduct when figuring your taxable income. Free tax 2007 The deductible loss from an activity is limited to the amount you have at risk in the activity. Free tax 2007 You are at risk in any activity for: The money and adjusted basis of property you contribute to the activity, and Amounts you borrow for use in the activity if: You are personally liable for repayment, or You pledge property (other than property used in the activity) as security for the loan. Free tax 2007 You are not at risk, however, for amounts you borrow for use in a farming activity from a person who has an interest in the activity (other than as a creditor) or a person related to someone (other than you) having such an interest. Free tax 2007 For more information, see Publication 925. Free tax 2007 Passive Activity Limits A passive activity is generally any activity involving the conduct of any trade or business in which you do not materially participate. Free tax 2007 Generally, a rental activity is a passive activity. Free tax 2007 If you have a passive activity, special rules limit the loss you can deduct in the tax year. Free tax 2007 You generally can deduct losses from passive activities only up to income from passive activities. Free tax 2007 Credits are similarly limited. Free tax 2007 For more information, see Publication 925. Free tax 2007 Excess Farm Loss Limit For tax years beginning after 2009, excess farm losses (defined below) are not deductible if you received certain applicable subsidies. Free tax 2007 This limit applies to any farming businesses, other than a C corporation, that received a direct or counter-cyclical payment (or any payment in lieu of such payments) under title I of the Food, Conservation, and Energy Act of 2008, or from a Commodity Credit Corporation loan. Free tax 2007 Your farming losses are limited to the greater of: $300,000 ($150,000 for a married person filing a separate return), or The total net farm income for the prior five tax years. Free tax 2007 Farming losses from casualty losses or losses by reason of disease or drought are disregarded for purposes of figuring this limitation. Free tax 2007 Also, the limitation on farm losses should be applied before the passive activity loss rules are applied. Free tax 2007 For more details, see IRC section 461(j). Free tax 2007 Excess farm loss. Free tax 2007   Generally, an excess farm loss is the amount of your farming loss that exceeds the amount of the limitation (as described above). Free tax 2007 This loss can be determined by taking the excess of: The total deductions for the tax year from your farming businesses, over The total gross income or gain for the tax year from your farming businesses, plus the greater of: $300,000 ($150,000 for a married person filing a separate return), or The excess (if any) of the total gross income or gain from your farming businesses for the prior five tax years over the total deductions from your farming businesses for the prior five tax years. Free tax 2007   Excess farm losses that are disallowed can be carried forward to the next tax year and treated as a deduction from that year. Free tax 2007 Not-for-Profit Farming If you operate a farm for profit, you can deduct all the ordinary and necessary expenses of carrying on the business of farming on Schedule F. Free tax 2007 However, if you do not carry on your farming activity, or other activity you engage or invest in, to make a profit, you report the income from the activity on Form 1040, line 21, and you can deduct expenses of carrying on the activity only if you itemize your deductions on Schedule A (Form 1040). Free tax 2007 Also, there is a limit on the deductions you can take. Free tax 2007 You cannot use a loss from that activity to offset income from other activities. Free tax 2007 Activities you do as a hobby, or mainly for sport or recreation, come under this limit. Free tax 2007 An investment activity intended only to produce tax losses for the investors also comes under this limit. Free tax 2007 The limit on not-for-profit losses applies to individuals, partnerships, estates, trusts, and S corporations. Free tax 2007 It does not apply to corporations other than S corporations. Free tax 2007 In determining whether you are carrying on your farming activity for profit, all the facts are taken into account. Free tax 2007 No one factor alone is decisive. Free tax 2007 Among the factors to consider are whether: You operate your farm in a businesslike manner; The time and effort you spend on farming indicate you intend to make it profitable; You depend on income from farming for your livelihood; Your losses are due to circumstances beyond your control or are normal in the start-up phase of farming; You change your methods of operation in an attempt to improve profitability; You, or your advisors, have the knowledge needed to carry on the farming activity as a successful business; You were successful in making a profit in similar activities in the past; You make a profit from farming in some years and the amount of profit you make; and You can expect to make a future profit from the appreciation of the assets used in the farming activity. Free tax 2007 Presumption of profit. Free tax 2007   Your farming or other activity is presumed carried on for profit if it produced a profit in at least 3 of the last 5 tax years, including the current year. Free tax 2007 Activities that consist primarily of breeding, training, showing, or racing horses are presumed carried on for profit if they produced a profit in at least 2 of the last 7 tax years, including the current year. Free tax 2007 The activity must be substantially the same for each year within this period. Free tax 2007 You have a profit when the gross income from an activity is more than the deductions for it. Free tax 2007   If a taxpayer dies before the end of the 5-year (or 7-year) period, the period ends on the date of the taxpayer's death. Free tax 2007   If your business or investment activity passes this 3- (or 2-) years-of-profit test, presume it is carried on for profit. Free tax 2007 This means the limits discussed here do not apply. Free tax 2007 You can take all your business deductions from the activity on Schedule F, even for the years that you have a loss. Free tax 2007 You can rely on this presumption in every case, unless the IRS shows it is not valid. Free tax 2007   If you fail the 3- (or 2-) years-of-profit test, you still may be considered to operate your farm for profit by considering the factors listed earlier. Free tax 2007 Using the presumption later. Free tax 2007   If you are starting out in farming and do not have 3 (or 2) years showing a profit, you may want to take advantage of this presumption later, after you have had the 5 (or 7) years of experience allowed by the test. Free tax 2007   You can choose to do this by filing Form 5213. Free tax 2007 Filing this form postpones any determination that your farming activity is not carried on for profit until 5 (or 7) years have passed since you first started farming. Free tax 2007 You must file Form 5213 within 3 years after the due date of your return for the year in which you first carried on the activity, or, if earlier, within 60 days after receiving a written notice from the IRS proposing to disallow deductions attributable to the activity. Free tax 2007   The benefit gained by making this choice is that the IRS will not immediately question whether your farming activity is engaged in for profit. Free tax 2007 Accordingly, it will not limit your deductions. Free tax 2007 Rather, you will gain time to earn a profit in 3 (or 2) out of the first 5 (or 7) years you carry on the farming activity. Free tax 2007 If you show 3 (or 2) years of profit at the end of this period, your deductions are not limited under these rules. Free tax 2007 If you do not have 3 (or 2) years of profit (and cannot otherwise show that you operated your farm for profit), the limit applies retroactively to any year in the 5-year (or 7-year) period with a loss. Free tax 2007   Filing Form 5213 automatically extends the period of limitations on any year