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Irs 1040ez Form 2011

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Irs 1040ez Form 2011

Irs 1040ez form 2011 11. Irs 1040ez form 2011   Other Expenses Table of Contents What's New Introduction Topics - This chapter discusses: Useful Items - You may want to see: Reimbursement of Travel, Meals, and EntertainmentReimbursements Miscellaneous ExpensesMeaning of generally enforced. Irs 1040ez form 2011 Kickbacks. Irs 1040ez form 2011 Form 1099-MISC. Irs 1040ez form 2011 Exception. Irs 1040ez form 2011 Tax preparation fees. Irs 1040ez form 2011 Covered executive branch official. Irs 1040ez form 2011 Exceptions to denial of deduction. Irs 1040ez form 2011 Indirect political contributions. Irs 1040ez form 2011 Type of deduction. Irs 1040ez form 2011 Repayment—$3,000 or less. Irs 1040ez form 2011 Repayment—over $3,000. Irs 1040ez form 2011 Method 1. Irs 1040ez form 2011 Method 2. Irs 1040ez form 2011 Repayment does not apply. Irs 1040ez form 2011 Year of deduction (or credit). Irs 1040ez form 2011 Telephone. Irs 1040ez form 2011 What's New Standard mileage rate. Irs 1040ez form 2011  Beginning in 2013, the standard mileage rate for the cost of operating your car, van, pickup, or panel truck for business use is 56. Irs 1040ez form 2011 5 cents per mile. Irs 1040ez form 2011 For more information, see Car and truck expenses under Miscellaneous Expenses. Irs 1040ez form 2011 Introduction This chapter covers business expenses that may not have been explained to you, as a business owner, in previous chapters of this publication. Irs 1040ez form 2011 Topics - This chapter discusses: Travel, meals, and entertainment Bribes and kickbacks Charitable contributions Education expenses Lobbying expenses Penalties and fines Repayments (claim of right) Other miscellaneous expenses Useful Items - You may want to see: Publication 15-B Employer's Tax Guide to Fringe Benefits 463 Travel, Entertainment, Gift, and Car Expenses 526 Charitable Contributions 529 Miscellaneous Deductions 544 Sales and Other Dispositions of Assets 970 Tax Benefits for Education 1542 Per Diem Rates See chapter 12 for information about getting publications and forms. Irs 1040ez form 2011 Reimbursement of Travel, Meals, and Entertainment The following discussion explains how to handle any reimbursements or allowances you may provide to your employees under a reimbursement or allowance arrangement for travel, meals, and entertainment expenses. Irs 1040ez form 2011 If you are self-employed and report your income and expenses on Schedule C or C-EZ (Form 1040), see Publication 463. Irs 1040ez form 2011 To be deductible for tax purposes, expenses incurred for travel, meals, and entertainment must be ordinary and necessary expenses incurred while carrying on your trade or business. Irs 1040ez form 2011 Generally, you also must show that entertainment expenses (including meals) are directly related to, or associated with, the conduct of your trade or business. Irs 1040ez form 2011 For more information on travel, meals, and entertainment, including deductibility, see Publication 463. Irs 1040ez form 2011 Reimbursements A “reimbursement or allowance arrangement” provides for payment of advances, reimbursements, and allowances for travel, meals, and entertainment expenses incurred by your employees during the ordinary course of business. Irs 1040ez form 2011 If the expenses are substantiated, you can deduct the allowable amount on your tax return. Irs 1040ez form 2011 Because of differences between accounting methods and tax law, the amount you can deduct for tax purposes may not be the same as the amount you deduct on your business books and records. Irs 1040ez form 2011 For example, you can deduct 100% of the cost of meals on your business books and records. Irs 1040ez form 2011 However, only 50% of these costs are allowed by law as a tax deduction. Irs 1040ez form 2011 How you deduct a business expense under a reimbursement or allowance arrangement depends on whether you have: An accountable plan, or A nonaccountable plan. Irs 1040ez form 2011 If you reimburse these expenses under an accountable plan, deduct them as travel, meals, or entertainment expenses. Irs 1040ez form 2011 If you reimburse these expenses under a nonaccountable plan, report the reimbursements as wages on Form W-2, Wage and Tax Statement, and deduct them as wages on the appropriate line of your tax return. Irs 1040ez form 2011 If you make a single payment to your employees and it includes both wages and an expense reimbursement, you must specify the amount of the reimbursement and report it accordingly. Irs 1040ez form 2011 See Table 11-1 , Reporting Reimbursements. Irs 1040ez form 2011 Accountable Plans An accountable plan requires your employees to meet all of the following requirements. Irs 1040ez form 2011 Each employee must: Have paid or incurred deductible expenses while performing services as your employee, Adequately account to you for these expenses within a reasonable period of time, and Return any excess reimbursement or allowance within a reasonable period of time. Irs 1040ez form 2011 An arrangement under which you advance money to employees is treated as meeting (3) above only if the following requirements are also met. Irs 1040ez form 2011 The advance is reasonably calculated not to exceed the amount of anticipated expenses. Irs 1040ez form 2011 You make the advance within a reasonable period of time of your employee paying or incurring the expense. Irs 1040ez form 2011 If any expenses reimbursed under this arrangement are not substantiated, or an excess reimbursement is not returned within a reasonable period of time by an employee, you cannot treat these expenses as reimbursed under an accountable plan. Irs 1040ez form 2011 Instead, treat the reimbursed expenses as paid under a nonaccountable plan, discussed later. Irs 1040ez form 2011 Adequate accounting. Irs 1040ez form 2011   Your employees must adequately account to you for their travel, meals, and entertainment expenses. Irs 1040ez form 2011 They must give you documentary evidence of their travel, mileage, and other employee business expenses. Irs 1040ez form 2011 This evidence should include items such as receipts, along with either a statement of expenses, an account book, a day-planner, or similar record in which the employee entered each expense at or near the time the expense was incurred. Irs 1040ez form 2011 Excess reimbursement or allowance. Irs 1040ez form 2011   An excess reimbursement or allowance is any amount you pay to an employee that is more than the business-related expenses for which the employee adequately accounted. Irs 1040ez form 2011 The employee must return any excess reimbursement or other expense allowance to you within a reasonable period of time. Irs 1040ez form 2011 Reasonable period of time. Irs 1040ez form 2011   A reasonable period of time depends on the facts and circumstances. Irs 1040ez form 2011 Generally, actions that take place within the times specified in the following list will be treated as taking place within a reasonable period of time. Irs 1040ez form 2011 You give an advance within 30 days of the time the employee pays or incurs the expense. Irs 1040ez form 2011 Your employees adequately account for their expenses within 60 days after the expenses were paid or incurred. Irs 1040ez form 2011 Your employees return any excess reimbursement within 120 days after the expenses were paid or incurred. Irs 1040ez form 2011 You give a periodic statement (at least quarterly) to your employees that asks them to either return or adequately account for outstanding advances and they comply within 120 days of the date of the statement. Irs 1040ez form 2011 How to deduct. Irs 1040ez form 2011   You can claim a deduction for travel, meals, and entertainment expenses if you reimburse your employees for these expenses under an accountable plan. Irs 1040ez form 2011 Generally, the amount you can deduct for meals and entertainment is subject to a 50% limit, discussed later. Irs 1040ez form 2011 If you are a sole proprietor, or are filing as a single member limited liability company, deduct the travel reimbursement on line 24a and the deductible part of the meals and entertainment reimbursement on line 24b, Schedule C (Form 1040) or line 2, Schedule C-EZ (Form 1040). Irs 1040ez form 2011   If you are filing an income tax return for a corporation, include the reimbursement on the Other deductions line of Form 1120, U. Irs 1040ez form 2011 S. Irs 1040ez form 2011 Corporation Income Tax Return. Irs 1040ez form 2011 If you are filing any other business income tax return, such as a partnership or S corporation return, deduct the reimbursement on the appropriate line of the return as provided in the instructions for that return. Irs 1040ez form 2011 Table 11-1. Irs 1040ez form 2011 Reporting Reimbursements IF the type of reimbursement (or other expense allowance) arrangement is under THEN the employer reports on Form W-2 An accountable plan with: Actual expense reimbursement:  Adequate accounting made and excess returned No amount. Irs 1040ez form 2011 Actual expense reimbursement:  Adequate accounting and return of excess both required but excess not returned The excess amount as wages in box 1. Irs 1040ez form 2011 Per diem or mileage allowance up to the federal rate:  Adequate accounting made and excess returned No amount. Irs 1040ez form 2011 Per diem or mileage allowance up to the federal rate:  Adequate accounting and return of excess both required but excess not returned The excess amount as wages in box 1. Irs 1040ez form 2011 The amount up to the federal rate is reported only in box 12—it is not reported in box 1. Irs 1040ez form 2011 Per diem or mileage allowance exceeds the federal rate:  Adequate accounting made up to the federal rate only and excess not returned The excess amount as wages in box 1. Irs 1040ez form 2011 The amount up to the federal rate is reported only in box 12—it is not reported in box 1. Irs 1040ez form 2011 A nonaccountable plan with: Either adequate accounting or return of excess, or both, not required by plan The entire amount as wages in box 1. Irs 1040ez form 2011 No reimbursement plan The entire amount as wages in box 1. Irs 1040ez form 2011 Per Diem and Car Allowances You can reimburse your employees under an accountable plan based on travel days, miles, or some other fixed allowance. Irs 1040ez form 2011 In these cases, your employee is considered to have accounted to you for the amount of the expense that does not exceed the rates established by the federal government. Irs 1040ez form 2011 Your employee must actually substantiate to you the other elements of the expense, such as time, place, and business purpose. Irs 1040ez form 2011 Federal rate. Irs 1040ez form 2011   The federal rate can be figured using any one of the following methods. Irs 1040ez form 2011 For car expenses: The standard mileage rate. Irs 1040ez form 2011 A fixed and variable rate (FAVR). Irs 1040ez form 2011 For per diem amounts: The regular federal per diem rate. Irs 1040ez form 2011 The standard meal allowance. Irs 1040ez form 2011 The high-low rate. Irs 1040ez form 2011 Car allowance. Irs 1040ez form 2011   Your employee is considered to have accounted to you for car expenses that do not exceed the standard mileage rate. Irs 1040ez form 2011 Beginning in 2013, the standard business mileage rate is 56. Irs 1040ez form 2011 5 cents per mile. Irs 1040ez form 2011   You can choose to reimburse your employees using a fixed and variable rate (FAVR) allowance. Irs 1040ez form 2011 This is an allowance that includes a combination of payments covering fixed and variable costs, such as a cents-per-mile rate to cover your employees' variable operating costs (such as gas, oil, etc. Irs 1040ez form 2011 ) plus a flat amount to cover your employees' fixed costs (such as depreciation, insurance, etc. Irs 1040ez form 2011 ). Irs 1040ez form 2011 For information on using a FAVR allowance, see Revenue Procedure 2010-51, available at www. Irs 1040ez form 2011 irs. Irs 1040ez form 2011 gov/irb/2010-51_IRB/ar14. Irs 1040ez form 2011 html and Notice 2012-72, available at www. Irs 1040ez form 2011 irs. Irs 1040ez form 2011 gov/irb/2012-50_IRB/ar10. Irs 1040ez form 2011 html. Irs 1040ez form 2011 Per diem allowance. Irs 1040ez form 2011   If your employee actually substantiates to you the other elements (discussed earlier) of the expenses reimbursed using the per diem allowance, how you report and deduct the allowance depends on whether the allowance is for lodging and meal expenses or for meal expenses only and whether the allowance is more than the federal rate. Irs 1040ez form 2011 Regular federal per diem rate. Irs 1040ez form 2011   The regular federal per diem rate is the highest amount the federal government will pay to its employees while away from home on travel. Irs 1040ez form 2011 It has two components: Lodging expense, and Meal and incidental expense (M&IE). Irs 1040ez form 2011 The rates are different for different locations. Irs 1040ez form 2011 Publication 1542 lists the rates in the continental United States. Irs 1040ez form 2011 Standard meal allowance. Irs 1040ez form 2011   The federal rate for meal and incidental expenses (M&IE) is the standard meal allowance. Irs 1040ez form 2011 You can pay only an M&IE allowance to employees who travel away from home if: You pay the employee for actual expenses for lodging based on receipts submitted to you, You provide for the lodging, You pay for the actual expense of the lodging directly to the provider, You do not have a reasonable belief that lodging expenses were incurred by the employee, or The allowance is computed on a basis similar to that used in computing the employee's wages (that is, number of hours worked or miles traveled). Irs 1040ez form 2011 Internet access. Irs 1040ez form 2011    Per diem rates are available on the Internet. Irs 1040ez form 2011 You can access per diem rates at www. Irs 1040ez form 2011 gsa. Irs 1040ez form 2011 gov/perdiemrates. Irs 1040ez form 2011 High-low method. Irs 1040ez form 2011   This is a simplified method of computing the federal per diem rate for travel within the continental United States. Irs 1040ez form 2011 It eliminates the need to keep a current list of the per diem rate for each city. Irs 1040ez form 2011   Under the high-low method, the per diem amount for travel during January through September of 2013 is $242 ($65 for M&IE) for certain high-cost locations. Irs 1040ez form 2011 All other areas have a per diem amount of $163 ($52 for M&IE). Irs 1040ez form 2011 The high-cost locations eligible for the higher per diem amount under the high-low method are listed in Publication 1542. Irs 1040ez form 2011   Effective October 1, 2013, the per diem rate for high-cost locations increased to $251 ($65 for M&IE). Irs 1040ez form 2011 The rate for all other locations increased to $170 ($52 for M&IE). Irs 1040ez form 2011 For October, November, and December 2013, you can either continue to use the rates described in the preceding paragraph or change to the new rates. Irs 1040ez form 2011 However, you must use the same rate for all employees reimbursed under the high-low method. Irs 1040ez form 2011   For more information about the high-low method, see Notice 2013-65, available at www. Irs 1040ez form 2011 irs. Irs 1040ez form 2011 gov/irb/2013-44_IRB/ar13. Irs 1040ez form 2011 html. Irs 1040ez form 2011 See Publication 1542 (available on the Internet at IRS. Irs 1040ez form 2011 gov) for the current per diem rates for all locations. Irs 1040ez form 2011 Reporting per diem and car allowances. Irs 1040ez form 2011   The following discussion explains how to report per diem and car allowances. Irs 1040ez form 2011 The manner in which you report them depends on how the allowance compares to the federal rate. Irs 1040ez form 2011 See Table 11-1. Irs 1040ez form 2011 Allowance less than or equal to the federal rate. Irs 1040ez form 2011   If your allowance for the employee is less than or equal to the appropriate federal rate, that allowance is not included as part of the employee's pay in box 1 of the employee's Form W-2. Irs 1040ez form 2011 Deduct the allowance as travel expenses (including meals that may be subject to the 50% limit, discussed later). Irs 1040ez form 2011 See How to deduct under Accountable Plans, earlier. Irs 1040ez form 2011 Allowance more than the federal rate. Irs 1040ez form 2011   If your employee's allowance is more than the appropriate federal rate, you must report the allowance as two separate items. Irs 1040ez form 2011   Include the allowance amount up to the federal rate in box 12 (code L) of the employee's Form W-2. Irs 1040ez form 2011 Deduct it as travel expenses (as explained above). Irs 1040ez form 2011 This part of the allowance is treated as reimbursed under an accountable plan. Irs 1040ez form 2011   Include the amount that is more than the federal rate in box 1 (and in boxes 3 and 5 if they apply) of the employee's Form W-2. Irs 1040ez form 2011 Deduct it as wages subject to income tax withholding, social security, Medicare, and federal unemployment taxes. Irs 1040ez form 2011 This part of the allowance is treated as reimbursed under a nonaccountable plan as explained later under Nonaccountable Plans. Irs 1040ez form 2011 Meals and Entertainment Under an accountable plan, you can generally deduct only 50% of any otherwise deductible business-related meal and entertainment expenses you reimburse your employees. Irs 1040ez form 2011 The deduction limit applies even if you reimburse them for 100% of the expenses. Irs 1040ez form 2011 Application of the 50% limit. Irs 1040ez form 2011   The 50% deduction limit applies to reimbursements you make to your employees for expenses they incur for meals while traveling away from home on business and for entertaining business customers at your place of business, a restaurant, or another location. Irs 1040ez form 2011 It applies to expenses incurred at a business convention or reception, business meeting, or business luncheon at a club. Irs 1040ez form 2011 The deduction limit may also apply to meals you furnish on your premises to your employees. Irs 1040ez form 2011 Related expenses. Irs 1040ez form 2011   Taxes and tips relating to a meal or entertainment activity you reimburse to your employee under an accountable plan are included in the amount subject to the 50% limit. Irs 1040ez form 2011 Reimbursements you make for expenses, such as cover charges for admission to a nightclub, rent paid for a room to hold a dinner or cocktail party, or the amount you pay for parking at a sports arena, are all subject to the 50% limit. Irs 1040ez form 2011 However, the cost of transportation to and from an otherwise allowable business meal or a business-related entertainment activity is not subject to the 50% limit. Irs 1040ez form 2011 Amount subject to 50% limit. Irs 1040ez form 2011   If you provide your employees with a per diem allowance only for meal and incidental expenses, the amount treated as an expense for food and beverages is the lesser of the following. Irs 1040ez form 2011 The per diem allowance. Irs 1040ez form 2011 The federal rate for M&IE. Irs 1040ez form 2011   If you provide your employees with a per diem allowance that covers lodging, meals, and incidental expenses, you must treat an amount equal to the federal M&IE rate for the area of travel as an expense for food and beverages. Irs 1040ez form 2011 If the per diem allowance you provide is less than the federal per diem rate for the area of travel, you can treat 40% of the per diem allowance as the amount for food and beverages. Irs 1040ez form 2011 Meal expenses when subject to “hours of service” limits. Irs 1040ez form 2011   You can deduct 80% of the cost of reimbursed meals your employees consume while away from their tax home on business during, or incident to, any period subject to the Department of Transportation's “hours of service” limits. Irs 1040ez form 2011   See Publication 463 for a detailed discussion of individuals subject to the Department of Transportation's “hours of service” limits. Irs 1040ez form 2011 De minimis (minimal) fringe benefit. Irs 1040ez form 2011   The 50% limit does not apply to an expense for food or beverage that is excluded from the gross income of an employee because it is a de minimis fringe benefit. Irs 1040ez form 2011 See Publication 15-B for additional information on de minimis fringe benefits. Irs 1040ez form 2011 Company cafeteria or executive dining room. Irs 1040ez form 2011   The cost of food and beverages you provide primarily to your employees on your business premises is deductible. Irs 1040ez form 2011 This includes the cost of maintaining the facilities for providing the food and beverages. Irs 1040ez form 2011 These expenses are subject to the 50% limit unless they qualify as a de minimis fringe benefit, as just discussed, or unless they are compensation to your employees (explained later). Irs 1040ez form 2011 Employee activities. Irs 1040ez form 2011   The expense of providing recreational, social, or similar activities (including the use of a facility) for your employees is deductible and is not subject to the 50% limit. Irs 1040ez form 2011 The benefit must be primarily for your employees who are not highly compensated. Irs 1040ez form 2011   For this purpose, a highly compensated employee is an employee who meets either of the following requirements. Irs 1040ez form 2011 Owned a 10% or more interest in the business during the year or the preceding year. Irs 1040ez form 2011 An employee is treated as owning any interest owned by his or her brother, sister, spouse, ancestors, and lineal descendants. Irs 1040ez form 2011 Received more than $115,000 in pay for the preceding year. Irs 1040ez form 2011 You can choose to include only employees who were also in the top 20% of employees when ranked by pay for the preceding year. Irs 1040ez form 2011   For example, the expenses for food, beverages, and entertainment for a company-wide picnic are not subject to the 50% limit. Irs 1040ez form 2011 Meals or entertainment treated as compensation. Irs 1040ez form 2011   The 50% limit does not apply to either of the following. Irs 1040ez form 2011 Expenses for meals or entertainment that you treat as: Compensation to an employee who was the recipient of the meals or entertainment, and Wages subject to withholding of federal income tax. Irs 1040ez form 2011 Expenses for meals or entertainment if: A recipient of the meals or entertainment who is not your employee has to include the expenses in gross income as compensation for services or as a prize or award, and You include that amount on a Form 1099 issued to the recipient, if a Form 1099 is required. Irs 1040ez form 2011 Sales of meals or entertainment. Irs 1040ez form 2011   You can deduct the cost of meals or entertainment (including the use of facilities) you sell to the public. Irs 1040ez form 2011 For example, if you run a nightclub, your expense for the entertainment you furnish to your customers, such as a floor show, is a business expense that is fully deductible. Irs 1040ez form 2011 The 50% limit does not apply to this expense. Irs 1040ez form 2011 Providing meals or entertainment to general public to promote goodwill. Irs 1040ez form 2011   You can deduct the cost of providing meals, entertainment, or recreational facilities to the general public as a means of advertising or promoting goodwill in the community. Irs 1040ez form 2011 The 50% limit does not apply to this expense. Irs 1040ez form 2011 Director, stockholder, or employee meetings. Irs 1040ez form 2011   You can deduct entertainment expenses directly related to business meetings of your employees, partners, stockholders, agents, or directors. Irs 1040ez form 2011 You can provide some minor social activities, but the main purpose of the meeting must be your company's business. Irs 1040ez form 2011 These expenses are subject to the 50% limit. Irs 1040ez form 2011 Trade association meetings. Irs 1040ez form 2011   You can deduct expenses directly related to and necessary for attending business meetings or conventions of certain tax-exempt organizations. Irs 1040ez form 2011 These organizations include business leagues, chambers of commerce, real estate boards, and trade and professional associations. Irs 1040ez form 2011 Nonaccountable Plans A nonaccountable plan is an arrangement that does not meet the requirements for an accountable plan. Irs 1040ez form 2011 All amounts paid, or treated as paid, under a nonaccountable plan are reported as wages on Form W-2. Irs 1040ez form 2011 The payments are subject to income tax withholding, social security, Medicare, and federal unemployment taxes. Irs 1040ez form 2011 You can deduct the reimbursement as compensation or wages only to the extent it meets the deductibility tests for employees' pay in chapter 2. Irs 1040ez form 2011 Deduct the allowable amount as compensation or wages on the appropriate line of your income tax return, as provided in its instructions. Irs 1040ez form 2011 Miscellaneous Expenses In addition to travel, meal, and entertainment expenses, there are other expenses you can deduct. Irs 1040ez form 2011 Advertising expenses. Irs 1040ez form 2011   You generally can deduct reasonable advertising expenses that are directly related to your business activities. Irs 1040ez form 2011 Generally, you cannot deduct amounts paid to influence legislation (i. Irs 1040ez form 2011 e. Irs 1040ez form 2011 , lobbying). Irs 1040ez form 2011 See Lobbying expenses , later. Irs 1040ez form 2011   You can usually deduct as a business expense the cost of institutional or goodwill advertising to keep your name before the public if it relates to business you reasonably expect to gain in the future. Irs 1040ez form 2011 For example, the cost of advertising that encourages people to contribute to the Red Cross, to buy U. Irs 1040ez form 2011 S. Irs 1040ez form 2011 Savings Bonds, or to participate in similar causes is usually deductible. Irs 1040ez form 2011 Anticipated liabilities. Irs 1040ez form 2011   Anticipated liabilities or reserves for anticipated liabilities are not deductible. Irs 1040ez form 2011 For example, assume you sold 1-year TV service contracts this year totaling $50,000. Irs 1040ez form 2011 From experience, you know you will have expenses of about $15,000 in the coming year for these contracts. Irs 1040ez form 2011 You cannot deduct any of the $15,000 this year by charging expenses to a reserve or liability account. Irs 1040ez form 2011 You can deduct your expenses only when you actually pay or accrue them, depending on your accounting method. Irs 1040ez form 2011 Bribes and kickbacks. Irs 1040ez form 2011   Engaging in the payment of bribes or kickbacks is a serious criminal matter. Irs 1040ez form 2011 Such activity could result in criminal prosecution. Irs 1040ez form 2011 Any payments that appear to have been made, either directly or indirectly, to an official or employee of any government or an agency or instrumentality of any government are not deductible for tax purposes and are in violation of the law. Irs 1040ez form 2011   Payments paid directly or indirectly to a person in violation of any federal or state law (but only if that state law is generally enforced, defined below) that provides for a criminal penalty or for the loss of a license or privilege to engage in a trade or business are also not allowed as a deduction for tax purposes. Irs 1040ez form 2011 Meaning of “generally enforced. Irs 1040ez form 2011 ”   A state law is considered generally enforced unless it is never enforced or enforced only for infamous persons or persons whose violations are extraordinarily flagrant. Irs 1040ez form 2011 For example, a state law is generally enforced unless proper reporting of a violation of the law results in enforcement only under unusual circumstances. Irs 1040ez form 2011 Kickbacks. Irs 1040ez form 2011   A kickback is a payment for referring a client, patient, or customer. Irs 1040ez form 2011 The common kickback situation occurs when money or property is given to someone as payment for influencing a third party to purchase from, use the services of, or otherwise deal with the person who pays the kickback. Irs 1040ez form 2011 In many cases, the person whose business is being sought or enjoyed by the person who pays the kickback is not aware of the payment. Irs 1040ez form 2011   For example, the Yard Corporation is in the business of repairing ships. Irs 1040ez form 2011 It returns 10% of the repair bills as kickbacks to the captains and chief officers of the vessels it repairs. Irs 1040ez form 2011 Although this practice is considered an ordinary and necessary expense of getting business, it is clearly a violation of a state law that is generally enforced. Irs 1040ez form 2011 These expenditures are not deductible for tax purposes, whether or not the owners of the shipyard are subsequently prosecuted. Irs 1040ez form 2011 Form 1099-MISC. Irs 1040ez form 2011   It does not matter whether any kickbacks paid during the tax year are deductible on your income tax return in regards to information reporting. Irs 1040ez form 2011 See Form 1099-MISC for more information. Irs 1040ez form 2011 Car and truck expenses. Irs 1040ez form 2011   The costs of operating a car, truck, or other vehicle in your business are deductible. Irs 1040ez form 2011 For more information on how to figure your deduction, see Publication 463. Irs 1040ez form 2011 Charitable contributions. Irs 1040ez form 2011   Cash payments to an organization, charitable or otherwise, may be deductible as business expenses if the payments are not charitable contributions or gifts and are directly related to your business. Irs 1040ez form 2011 If the payments are charitable contributions or gifts, you cannot deduct them as business expenses. Irs 1040ez form 2011 However, corporations (other than S corporations) can deduct charitable contributions on their income tax returns, subject to limitations. Irs 1040ez form 2011 See the Instructions for Form 1120 for more information. Irs 1040ez form 2011 Sole proprietors, partners in a partnership, or shareholders in an S corporation may be able to deduct charitable contributions made by their business on Schedule A (Form 1040). Irs 1040ez form 2011 Example. Irs 1040ez form 2011 You paid $15 to a local church for a half-page ad in a program for a concert it is sponsoring. Irs 1040ez form 2011 The purpose of the ad was to encourage readers to buy your products. Irs 1040ez form 2011 Your payment is not a charitable contribution. Irs 1040ez form 2011 You can deduct it as an advertising expense. Irs 1040ez form 2011 Example. Irs 1040ez form 2011 You made a $100,000 donation to a committee organized by the local Chamber of Commerce to bring a convention to your city, intended to increase business activity, including yours. Irs 1040ez form 2011 Your payment is not a charitable contribution. Irs 1040ez form 2011 You can deduct it as a business expense. Irs 1040ez form 2011 See Publication 526 for a discussion of donated inventory, including capital gain property. Irs 1040ez form 2011 Club dues and membership fees. Irs 1040ez form 2011   Generally, you cannot deduct amounts paid or incurred for membership in any club organized for business, pleasure, recreation, or any other social purpose. Irs 1040ez form 2011 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. Irs 1040ez form 2011 Exception. Irs 1040ez form 2011   The following organizations are not treated as clubs organized for business, pleasure, recreation, or other social purpose unless one of the main purposes is to conduct entertainment activities for members or their guests or to provide members or their guests with access to entertainment facilities. Irs 1040ez form 2011 Boards of trade. Irs 1040ez form 2011 Business leagues. Irs 1040ez form 2011 Chambers of commerce. Irs 1040ez form 2011 Civic or public service organizations. Irs 1040ez form 2011 Professional organizations such as bar associations and medical associations. Irs 1040ez form 2011 Real estate boards. Irs 1040ez form 2011 Trade associations. Irs 1040ez form 2011 Credit card convenience fees. Irs 1040ez form 2011   Credit card companies charge a fee to businesses who accept their cards. Irs 1040ez form 2011 This fee when paid or incurred by the business can be deducted as a business expense. Irs 1040ez form 2011 Damages recovered. Irs 1040ez form 2011   Special rules apply to compensation you receive for damages sustained as a result of patent infringement, breach of contract or fiduciary duty, or antitrust violations. Irs 1040ez form 2011 You must include this compensation in your income. Irs 1040ez form 2011 However, you may be able to take a special deduction. Irs 1040ez form 2011 The deduction applies only to amounts recovered for actual economic injury, not any additional amount. Irs 1040ez form 2011 The deduction is the smaller of the following. Irs 1040ez form 2011 The amount you received or accrued for damages in the tax year reduced by the amount you paid or incurred in the year to recover that amount. Irs 1040ez form 2011 Your losses from the injury you have not deducted. Irs 1040ez form 2011 Demolition expenses or losses. Irs 1040ez form 2011   Amounts paid or incurred to demolish a structure are not deductible. Irs 1040ez form 2011 These amounts are added to the basis of the land where the demolished structure was located. Irs 1040ez form 2011 Any loss for the remaining undepreciated basis of a demolished structure would not be recognized until the property is disposed of. Irs 1040ez form 2011 Education expenses. Irs 1040ez form 2011   Ordinary and necessary expenses paid for the cost of the education and training of your employees are deductible. Irs 1040ez form 2011 See Education Expenses in chapter 2. Irs 1040ez form 2011   You can also deduct the cost of your own education (including certain related travel) related to your trade or business. Irs 1040ez form 2011 You must be able to show the education maintains or improves skills required in your trade or business, or that it is required by law or regulations, for keeping your license to practice, status, or job. Irs 1040ez form 2011 For example, an attorney can deduct the cost of attending Continuing Legal Education (CLE) classes that are required by the state bar association to maintain his or her license to practice law. Irs 1040ez form 2011   Education expenses you incur to meet the minimum requirements of your present trade or business, or those that qualify you for a new trade or business, are not deductible. Irs 1040ez form 2011 This is true even if the education maintains or improves skills presently required in your business. Irs 1040ez form 2011 For more information on education expenses, see Publication 970. Irs 1040ez form 2011 Franchise, trademark, trade name. Irs 1040ez form 2011   If you buy a franchise, trademark, or trade name, you can deduct the amount you pay or incur as a business expense only if your payments are part of a series of payments that are: Contingent on productivity, use, or disposition of the item, Payable at least annually for the entire term of the transfer agreement, and Substantially equal in amount (or payable under a fixed formula). Irs 1040ez form 2011   When determining the term of the transfer agreement, include all renewal options and any other period for which you and the transferrer reasonably expect the agreement to be renewed. Irs 1040ez form 2011   A franchise includes an agreement that gives one of the parties to the agreement the right to distribute, sell, or provide goods, services, or facilities within a specified area. Irs 1040ez form 2011 Impairment-related expenses. Irs 1040ez form 2011   If you are disabled, you can deduct expenses necessary for you to be able to work (impairment-related expenses) as a business expense, rather than as a medical expense. Irs 1040ez form 2011   You are disabled if you have either of the following. Irs 1040ez form 2011 A physical or mental disability (for example, blindness or deafness) that functionally limits your being employed. Irs 1040ez form 2011 A physical or mental impairment that substantially limits one or more of your major life activities. Irs 1040ez form 2011   The expense qualifies as a business expense if all the following apply. Irs 1040ez form 2011 Your work clearly requires the expense for you to satisfactorily perform that work. Irs 1040ez form 2011 The goods or services purchased are clearly not needed or used, other than incidentally, in your personal activities. Irs 1040ez form 2011 Their treatment is not specifically provided for under other tax law provisions. Irs 1040ez form 2011 Example. Irs 1040ez form 2011 You are blind. Irs 1040ez form 2011 You must use a reader to do your work, both at and away from your place of work. Irs 1040ez form 2011 The reader's services are only for your work. Irs 1040ez form 2011 You can deduct your expenses for the reader as a business expense. Irs 1040ez form 2011 Internet-related expenses. Irs 1040ez form 2011   Generally, you can deduct internet-related expenses including domain registrations fees and webmaster consulting costs. Irs 1040ez form 2011 If you are starting a business you may have to amortize these expenses as start-up costs. Irs 1040ez form 2011 For more information about amortizing start-up and organizational costs, see chapter 8. Irs 1040ez form 2011 Interview expense allowances. Irs 1040ez form 2011   Reimbursements you make to job candidates for transportation or other expenses related to interviews for possible employment are not wages. Irs 1040ez form 2011 You can deduct the reimbursements as a business expense. Irs 1040ez form 2011 However, expenses for food, beverages, and entertainment are subject to the 50% limit discussed earlier under Meals and Entertainment. Irs 1040ez form 2011 Legal and professional fees. Irs 1040ez form 2011   Fees charged by accountants and attorneys that are ordinary and necessary expenses directly related to operating your business are deductible as business expenses. Irs 1040ez form 2011 However, usually legal fees you pay to acquire business assets are not deductible. Irs 1040ez form 2011 These costs are added to the basis of the property. Irs 1040ez form 2011   Fees that include payments for work of a personal nature (such as drafting a will, or damages arising from a personal injury) are not allowed as a business deduction on Schedule C or C-EZ. Irs 1040ez form 2011 If the invoice includes both business and personal charges, compute the business portion as follows: multiply the total amount of the bill by a fraction, the numerator of which is the amount attributable to business matters, the denominator of which is the total amount paid. Irs 1040ez form 2011 The result is the portion of the invoice attributable to business expenses. Irs 1040ez form 2011 The portion attributable to personal matters is the difference between the total amount and the business portion (computed above). Irs 1040ez form 2011   Legal fees relating to personal tax advice may be deductible on Schedule A (Form 1040), if you itemize deductions. Irs 1040ez form 2011 However, the deduction is subject to the 2% limitation on miscellaneous itemized deductions. Irs 1040ez form 2011 See Publication 529, Miscellaneous Deductions. Irs 1040ez form 2011 Tax preparation fees. Irs 1040ez form 2011   The cost of hiring a tax professional, such as a C. Irs 1040ez form 2011 P. Irs 1040ez form 2011 A. Irs 1040ez form 2011 , to prepare that part of your tax return relating to your business as a sole proprietor is deductible on Schedule C or Schedule C-EZ. Irs 1040ez form 2011 Any remaining cost may be deductible on Schedule A (Form 1040) if you itemize deductions. Irs 1040ez form 2011   You can also claim a business deduction for amounts paid or incurred in resolving asserted tax deficiencies for your business operated as a sole proprietor. Irs 1040ez form 2011 Licenses and regulatory fees. Irs 1040ez form 2011   Licenses and regulatory fees for your trade or business paid annually to state or local governments generally are deductible. Irs 1040ez form 2011 Some licenses and fees may have to be amortized. Irs 1040ez form 2011 See chapter 8 for more information. Irs 1040ez form 2011 Lobbying expenses. Irs 1040ez form 2011   Generally, lobbying expenses are not deductible. Irs 1040ez form 2011 Lobbying expenses include amounts paid or incurred for any of the following activities. Irs 1040ez form 2011 Influencing legislation. Irs 1040ez form 2011 Participating in or intervening in any political campaign for, or against, any candidate for public office. Irs 1040ez form 2011 Attempting to influence the general public, or segments of the public, about elections, legislative matters, or referendums. Irs 1040ez form 2011 Communicating directly with covered executive branch officials (defined later) in any attempt to influence the official actions or positions of those officials. Irs 1040ez form 2011 Researching, preparing, planning, or coordinating any of the preceding activities. Irs 1040ez form 2011   Your expenses for influencing legislation and communicating directly with a covered executive branch official include a portion of your labor costs and general and administrative costs of your business. Irs 1040ez form 2011 For information on making this allocation, see section 1. Irs 1040ez form 2011 162-28 of the regulations. Irs 1040ez form 2011   You cannot claim a charitable or business expense deduction for amounts paid to an organization if both of the following apply. Irs 1040ez form 2011 The organization conducts lobbying activities on matters of direct financial interest to your business. Irs 1040ez form 2011 A principal purpose of your contribution is to avoid the rules discussed earlier that prohibit a business deduction for lobbying expenses. Irs 1040ez form 2011   If a tax-exempt organization, other than a section 501(c)(3) organization, provides you with a notice on the part of dues that is allocable to nondeductible lobbying and political expenses, you cannot deduct that part of the dues. Irs 1040ez form 2011 Covered executive branch official. Irs 1040ez form 2011   For purposes of this discussion, a covered executive branch official is any of the following. Irs 1040ez form 2011 The President. Irs 1040ez form 2011 The Vice President. Irs 1040ez form 2011 Any officer or employee of the White House Office of the Executive Office of the President and the two most senior level officers of each of the other agencies in the Executive Office. Irs 1040ez form 2011 Any individual who: Is serving in a position in Level I of the Executive Schedule under section 5312 of title 5, United States Code, Has been designated by the President as having Cabinet-level status, or Is an immediate deputy of an individual listed in item (a) or (b). Irs 1040ez form 2011 Exceptions to denial of deduction. Irs 1040ez form 2011   The general denial of the deduction does not apply to the following. Irs 1040ez form 2011 Expenses of appearing before, or communicating with, any committee or member of any local council or similar governing body concerning its legislation (local legislation) if the legislation is of direct interest to you or to you and an organization of which you are a member. Irs 1040ez form 2011 An Indian tribal government is treated as a local council or similar governing body. Irs 1040ez form 2011 Any in-house expenses for influencing legislation and communicating directly with a covered executive branch official if those expenses for the tax year do not exceed $2,000 (excluding overhead expenses). Irs 1040ez form 2011 Expenses incurred by taxpayers engaged in the trade or business of lobbying (professional lobbyists) on behalf of another person (but does apply to payments by the other person to the lobbyist for lobbying activities). Irs 1040ez form 2011 Moving machinery. Irs 1040ez form 2011   Generally, the cost of moving machinery from one city to another is a deductible expense. Irs 1040ez form 2011 So is the cost of moving machinery from one plant to another, or from one part of your plant to another. Irs 1040ez form 2011 You can deduct the cost of installing the machinery in the new location. Irs 1040ez form 2011 However, you must capitalize the costs of installing or moving newly purchased machinery. Irs 1040ez form 2011 Outplacement services. Irs 1040ez form 2011   The costs of outplacement services you provide to your employees to help them find new employment, such as career counseling, résumé assistance, skills assessment, etc. Irs 1040ez form 2011 are deductible. Irs 1040ez form 2011   The costs of outplacement services may cover more than one deduction category. Irs 1040ez form 2011 For example, deduct as a utilities expense the cost of telephone calls made under this service and deduct as rental expense the cost of renting machinery and equipment for this service. Irs 1040ez form 2011   For information on whether the value of outplacement services is includable in your employees' income, see Publication 15-B. Irs 1040ez form 2011 Penalties and fines. Irs 1040ez form 2011   Penalties paid for late performance or nonperformance of a contract are generally deductible. Irs 1040ez form 2011 For instance, you own and operate a construction company. Irs 1040ez form 2011 Under a contract, you are to finish construction of a building by a certain date. Irs 1040ez form 2011 Due to construction delays, the building is not completed and ready for occupancy on the date stipulated in the contract. Irs 1040ez form 2011 You are now required to pay an additional amount for each day that completion is delayed beyond the completion date stipulated in the contract. Irs 1040ez form 2011 These additional costs are deductible business expenses. Irs 1040ez form 2011   On the other hand, penalties or fines paid to any government agency or instrumentality because of a violation of any law are not deductible. Irs 1040ez form 2011 These fines or penalties include the following amounts. Irs 1040ez form 2011 Paid because of a conviction for a crime or after a plea of guilty or no contest in a criminal proceeding. Irs 1040ez form 2011 Paid as a penalty imposed by federal, state, or local law in a civil action, including certain additions to tax and additional amounts and assessable penalties imposed by the Internal Revenue Code. Irs 1040ez form 2011 Paid in settlement of actual or possible liability for a fine or penalty, whether civil or criminal. Irs 1040ez form 2011 Forfeited as collateral posted for a proceeding that could result in a fine or penalty. Irs 1040ez form 2011   Examples of nondeductible penalties and fines include the following. Irs 1040ez form 2011 Fines for violating city housing codes. Irs 1040ez form 2011 Fines paid by truckers for violating state maximum highway weight laws. Irs 1040ez form 2011 Fines for violating air quality laws. Irs 1040ez form 2011 Civil penalties for violating federal laws regarding mining safety standards and discharges into navigable waters. Irs 1040ez form 2011   A fine or penalty does not include any of the following. Irs 1040ez form 2011 Legal fees and related expenses to defend yourself in a prosecution or civil action for a violation of the law imposing the fine or civil penalty. Irs 1040ez form 2011 Court costs or stenographic and printing charges. Irs 1040ez form 2011 Compensatory damages paid to a government. Irs 1040ez form 2011 Political contributions. Irs 1040ez form 2011   Contributions or gifts paid to political parties or candidates are not deductible. Irs 1040ez form 2011 In addition, expenses paid or incurred to take part in any political campaign of a candidate for public office are not deductible. Irs 1040ez form 2011 Indirect political contributions. Irs 1040ez form 2011   You cannot deduct indirect political contributions and costs of taking part in political activities as business expenses. Irs 1040ez form 2011 Examples of nondeductible expenses include the following. Irs 1040ez form 2011 Advertising in a convention program of a political party, or in any other publication if any of the proceeds from the publication are for, or intended for, the use of a political party or candidate. Irs 1040ez form 2011 Admission to a dinner or program (including, but not limited to, galas, dances, film presentations, parties, and sporting events) if any of the proceeds from the function are for, or intended for, the use of a political party or candidate. Irs 1040ez form 2011 Admission to an inaugural ball, gala, parade, concert, or similar event if identified with a political party or candidate. Irs 1040ez form 2011 Repairs. Irs 1040ez form 2011   The cost of repairing or improving property used in your trade or business is either a deductible or capital expense. Irs 1040ez form 2011 Routine maintenance that keeps your property in a normal efficient operating condition, but that does not materially increase the value or substantially prolong the useful life of the property, is deductible in the year that it is incurred. Irs 1040ez form 2011 Otherwise, the cost must be capitalized and depreciated. Irs 1040ez form 2011 See Form 4562 and its instructions for how to compute and claim the depreciation deduction. Irs 1040ez form 2011   The cost of repairs includes the costs of labor, supplies, and certain other items. Irs 1040ez form 2011 The value of your own labor is not deductible. Irs 1040ez form 2011 Examples of repairs include: Reconditioning floors (but not replacement), Repainting the interior and exterior walls of a building, Cleaning and repairing roofs and gutters, and Fixing plumbing leaks (but not replacement of fixtures). Irs 1040ez form 2011 Repayments. Irs 1040ez form 2011   If you had to repay an amount you included in your income in an earlier year, you may be able to deduct the amount repaid for the year in which you repaid it. Irs 1040ez form 2011 Or, if the amount you repaid is more than $3,000, you may be able to take a credit against your tax for the year in which you repaid it. Irs 1040ez form 2011 Type of deduction. Irs 1040ez form 2011   The type of deduction you are allowed in the year of repayment depends on the type of income you included in the earlier year. Irs 1040ez form 2011 For instance, if you repay an amount you previously reported as a capital gain, deduct the repayment as a capital loss on Form 8949. Irs 1040ez form 2011 If you reported it as self-employment income, deduct it as a business deduction on Schedule C or Schedule C-EZ (Form 1040) or Schedule F (Form 1040). Irs 1040ez form 2011   If you reported the amount as wages, unemployment compensation, or other nonbusiness ordinary income, enter it on Schedule A (Form 1040) as a miscellaneous itemized deduction that is subject to the 2% limitation. Irs 1040ez form 2011 However, if the repayment is over $3,000 and Method 1 (discussed later) applies, deduct it on Schedule A (Form 1040) as a miscellaneous itemized deduction that is not subject to the 2% limitation. Irs 1040ez form 2011 Repayment—$3,000 or less. Irs 1040ez form 2011   If the amount you repaid was $3,000 or less, deduct it from your income in the year you repaid it. Irs 1040ez form 2011 Repayment—over $3,000. Irs 1040ez form 2011   If the amount you repaid was more than $3,000, you can deduct the repayment, as described earlier. Irs 1040ez form 2011 However, you can instead choose to take a tax credit for the year of repayment if you included the income under a “claim of right. Irs 1040ez form 2011 ” This means that at the time you included the income, it appeared that you had an unrestricted right to it. Irs 1040ez form 2011 If you qualify for this choice, figure your tax under both methods and use the method that results in less tax. Irs 1040ez form 2011 Method 1. Irs 1040ez form 2011   Figure your tax for 2013 claiming a deduction for the repaid amount. Irs 1040ez form 2011 Method 2. Irs 1040ez form 2011   Figure your tax for 2013 claiming a credit for the repaid amount. Irs 1040ez form 2011 Follow these steps. Irs 1040ez form 2011 Figure your tax for 2013 without deducting the repaid amount. Irs 1040ez form 2011 Refigure your tax from the earlier year without including in income the amount you repaid in 2013. Irs 1040ez form 2011 Subtract the tax in (2) from the tax shown on your return for the earlier year. Irs 1040ez form 2011 This is the amount of your credit. Irs 1040ez form 2011 Subtract the answer in (3) from the tax for 2013 figured without the deduction (step 1). Irs 1040ez form 2011   If Method 1 results in less tax, deduct the amount repaid as discussed earlier under Type of deduction. Irs 1040ez form 2011   If Method 2 results in less tax, claim the credit on line 71 of Form 1040, and write “I. Irs 1040ez form 2011 R. Irs 1040ez form 2011 C. Irs 1040ez form 2011 1341” next to line 71. Irs 1040ez form 2011 Example. Irs 1040ez form 2011 For 2012, you filed a return and reported your income on the cash method. Irs 1040ez form 2011 In 2013, you repaid $5,000 included in your 2012 gross income under a claim of right. Irs 1040ez form 2011 Your filing status in 2013 and 2012 is single. Irs 1040ez form 2011 Your income and tax for both years are as follows:   2012  With Income 2012  Without Income Taxable Income $15,000 $10,000 Tax $ 1,819 $ 1,069   2013  Without Deduction 2013  With Deduction Taxable Income $49,950 $44,950 Tax $8,423 $7,173 Your tax under Method 1 is $7,173. Irs 1040ez form 2011 Your tax under Method 2 is $7,673, figured as follows: Tax previously determined for 2012 $ 1,819 Less: Tax as refigured − 1,069 Decrease in 2012 tax $ 750 Regular tax liability for 2013 $8,423 Less: Decrease in 2012 tax − 750 Refigured tax for 2013 $ 7,673 Because you pay less tax under Method 1, you should take a deduction for the repayment in 2013. Irs 1040ez form 2011 Repayment does not apply. Irs 1040ez form 2011   This discussion does not apply to the following. Irs 1040ez form 2011 Deductions for bad debts. Irs 1040ez form 2011 Deductions from sales to customers, such as returns and allowances, and similar items. Irs 1040ez form 2011 Deductions for legal and other expenses of contesting the repayment. Irs 1040ez form 2011 Year of deduction (or credit). Irs 1040ez form 2011   If you use the cash method of accounting, you can take the deduction (or credit, if applicable) for the tax year in which you actually make the repayment. Irs 1040ez form 2011 If you use any other accounting method, you can deduct the repayment or claim a credit for it only for the tax year in which it is a proper deduction under your accounting method. Irs 1040ez form 2011 For example, if you use the accrual method, you are entitled to the deduction or credit in the tax year in which the obligation for the repayment accrues. Irs 1040ez form 2011 Subscriptions. Irs 1040ez form 2011   Subscriptions to professional, technical, and trade journals that deal with your business field are deductible. Irs 1040ez form 2011 Supplies and materials. Irs 1040ez form 2011   Unless you have deducted the cost in any earlier year, you generally can deduct the cost of materials and supplies actually consumed and used during the tax year. Irs 1040ez form 2011   If you keep incidental materials and supplies on hand, you can deduct the cost of the incidental materials and supplies you bought during the tax year if all the following requirements are met. Irs 1040ez form 2011 You do not keep a record of when they are used. Irs 1040ez form 2011 You do not take an inventory of the amount on hand at the beginning and end of the tax year. Irs 1040ez form 2011 This method does not distort your income. Irs 1040ez form 2011   You can also deduct the cost of books, professional instruments, equipment, etc. Irs 1040ez form 2011 , if you normally use them within a year. Irs 1040ez form 2011 However, if the usefulness of these items extends substantially beyond the year they are placed in service, you generally must recover their costs through depreciation. Irs 1040ez form 2011 For more information regarding depreciation see Publication 946, How To Depreciate Property. Irs 1040ez form 2011 Utilities. Irs 1040ez form 2011   Business expenses for heat, lights, power, telephone service, and water and sewerage are deductible. Irs 1040ez form 2011 However, any part due to personal use is not deductible. Irs 1040ez form 2011 Telephone. Irs 1040ez form 2011   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. Irs 1040ez form 2011 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 business, are deductible business expenses. 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The FMCSA provides information about your rights when moving across state lines (interstate moves). Consumers should submit household goods commercial complaints or dangerous safety violations involving a commercial truck or bus to this agency.

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The Irs 1040ez Form 2011

Irs 1040ez form 2011 Publication 584SP - Additional Material Table of Contents This image is too large to be displayed in the current screen. Irs 1040ez form 2011 Please click the link to view the image. Irs 1040ez form 2011 Pasillo de Entrada (Entrance Hall) This image is too large to be displayed in the current screen. Irs 1040ez form 2011 Please click the link to view the image. Irs 1040ez form 2011 Sala de Estar (Living Room) This image is too large to be displayed in the current screen. Irs 1040ez form 2011 Please click the link to view the image. Irs 1040ez form 2011 Comedor (Dining Room) This image is too large to be displayed in the current screen. Irs 1040ez form 2011 Please click the link to view the image. Irs 1040ez form 2011 Cocina (Kitchen) This image is too large to be displayed in the current screen. Irs 1040ez form 2011 Please click the link to view the image. Irs 1040ez form 2011 Cuarto de Trabajo (Den) This image is too large to be displayed in the current screen. Irs 1040ez form 2011 Please click the link to view the image. Irs 1040ez form 2011 Dormitorios (Bedrooms) This image is too large to be displayed in the current screen. Irs 1040ez form 2011 Please click the link to view the image. Irs 1040ez form 2011 Baños (Bathrooms) This image is too large to be displayed in the current screen. Irs 1040ez form 2011 Please click the link to view the image. Irs 1040ez form 2011 Cuarto de Recreación/Juegos (Recreation Room) This image is too large to be displayed in the current screen. Irs 1040ez form 2011 Please click the link to view the image. Irs 1040ez form 2011 Lavadero y Sótano (Laundry and Basement) This image is too large to be displayed in the current screen. Irs 1040ez form 2011 Please click the link to view the image. Irs 1040ez form 2011 Garaje (Garage) This image is too large to be displayed in the current screen. Irs 1040ez form 2011 Please click the link to view the image. Irs 1040ez form 2011 Equipo Deportivo (Sporting Equipment) This image is too large to be displayed in the current screen. Irs 1040ez form 2011 Please click the link to view the image. Irs 1040ez form 2011 Ropa de Hombres (Men's Clothing) This image is too large to be displayed in the current screen. Irs 1040ez form 2011 Please click the link to view the image. Irs 1040ez form 2011 Ropa de Mujeres (Women's Clothing) This image is too large to be displayed in the current screen. Irs 1040ez form 2011 Please click the link to view the image. Irs 1040ez form 2011 Ropa de Niños (Children's Clothing) This image is too large to be displayed in the current screen. Irs 1040ez form 2011 Please click the link to view the image. Irs 1040ez form 2011 Joyería (Jewelry) This image is too large to be displayed in the current screen. Irs 1040ez form 2011 Please click the link to view the image. Irs 1040ez form 2011 Enseres Eléctricos (Electrical Appliances) This image is too large to be displayed in the current screen. Irs 1040ez form 2011 Please click the link to view the image. Irs 1040ez form 2011 Artículos de Hilo (Linens) This image is too large to be displayed in the current screen. Irs 1040ez form 2011 Please click the link to view the image. Irs 1040ez form 2011 Artículos Misceláneos (Miscellaneous) This image is too large to be displayed in the current screen. Irs 1040ez form 2011 Please click the link to view the image. Irs 1040ez form 2011 vehículos motorizados This image is too large to be displayed in the current screen. Irs 1040ez form 2011 Please click the link to view the image. Irs 1040ez form 2011 Hogar (Excluyendo su contenido) Hoja de Trabajo A. Irs 1040ez form 2011 Costo u Otra Base (Ajustada) Precaución:Vea Instrucciones de la Hoja de Trabajo A antes de usar esta hoja de trabajo. Irs 1040ez form 2011         (a) Parte Personal (b) Parte Comercial/de Alquiler 1. Irs 1040ez form 2011   Anote el precio de compra de la vivienda dañada o destruida. Irs 1040ez form 2011 (Si usted presentó el Formulario 2119 cuando en un principio adquirió dicha vivienda para aplazar ganancias provenientes de la venta de una vivienda anterior antes del 7 de mayo de 1997, anote la base ajustada de la vivienda nueva, usando la cantidad que aparece en dicho Formulario 2119). Irs 1040ez form 2011 1. Irs 1040ez form 2011     2. Irs 1040ez form 2011   Puntos pagados por el vendedor para una vivienda comprada después de 1990. Irs 1040ez form 2011 No incluya puntos pagados por el vendedor que ya restó para llegar a la cantidad anotada en la línea 1 2. Irs 1040ez form 2011     3. Irs 1040ez form 2011   Reste la línea 2 de la línea 1 3. Irs 1040ez form 2011     4. Irs 1040ez form 2011   Cargos por liquidación o costos de cierre. Irs 1040ez form 2011 (Vea Settlement Costs (Costos de Liquidación) en la Publicación 551, en inglés). Irs 1040ez form 2011 Si la línea 1 incluye la base ajustada de la vivienda nueva del Formulario 2119, ignore las líneas 4a a la 4g y 5; para entonces pasar a la línea 6. Irs 1040ez form 2011         a. Irs 1040ez form 2011 Honorarios por estudios de escritura 4a. Irs 1040ez form 2011       b. Irs 1040ez form 2011 Honorarios legales (incluyendo honorarios por trámites relacionados con la escritura y la preparación de documentos) 4b. Irs 1040ez form 2011       c. Irs 1040ez form 2011 Estudios topográficos 4c. Irs 1040ez form 2011       d. Irs 1040ez form 2011 Seguro de escritura de propietario 4d. Irs 1040ez form 2011       e. Irs 1040ez form 2011 Impuestos de traspaso o de sello 4e. Irs 1040ez form 2011       f. Irs 1040ez form 2011 Cantidades que el vendedor adeudaba y que usted acordó pagar (impuestos atrasados o intereses, costos de registro o cargos hipotecarios y comisiones sobre las ventas) 4f. Irs 1040ez form 2011       g. Irs 1040ez form 2011 Otros gastos 4g. Irs 1040ez form 2011     5. Irs 1040ez form 2011   Sume las líneas 4a a la 4g 5. Irs 1040ez form 2011     6. Irs 1040ez form 2011   Costo de ampliaciones y mejoras. Irs 1040ez form 2011 (Vea Increases to Basis (Aumentos en la Base) en la Publicación 551, en inglés). Irs 1040ez form 2011 No incluya ninguna de las ampliaciones o mejoras incluidas en la línea 1 6. Irs 1040ez form 2011     7. Irs 1040ez form 2011   Tasaciones tributarias especiales pagadas por concepto de mejoras locales, tales como calles y aceras o banquetas 7. Irs 1040ez form 2011     8. Irs 1040ez form 2011   Otros aumentos en la base 8. Irs 1040ez form 2011     9. Irs 1040ez form 2011   Sume las líneas 3, 5, 6, 7 y 8 9. Irs 1040ez form 2011     10. Irs 1040ez form 2011   Depreciación (permitida o permisible) relacionada con el uso comercial o alquiler de la vivienda 10. Irs 1040ez form 2011 0   11. Irs 1040ez form 2011   Otras disminuciones en la base (Vea Decreases to Basis (Disminuciones en la Base) en la Publicación 551, en inglés). Irs 1040ez form 2011 11. Irs 1040ez form 2011     12. Irs 1040ez form 2011   Sume las líneas 10 y 11 12. Irs 1040ez form 2011     13. Irs 1040ez form 2011   Costo u otra base (ajustada) de la vivienda dañada o destruida. Irs 1040ez form 2011 Reste la línea 12 de la línea 9. Irs 1040ez form 2011 Anote dicha cantidad aquí y en la línea 2 del Anexo 20 13. Irs 1040ez form 2011     Instrucciones para la Hoja de Trabajo A. Irs 1040ez form 2011 Si usted usa la Hoja de Trabajo A para calcular el costo u otra base (ajustada) de su vivienda, siga estas instrucciones. Irs 1040ez form 2011 NO utilice esta hoja de trabajo para determinar el costo de su base si adquirió interés de su vivienda por un difunto que falleció en 2010 y el albacea de su caudal hereditario presentó el Formulario 8939. Irs 1040ez form 2011 SI. Irs 1040ez form 2011 . Irs 1040ez form 2011 . Irs 1040ez form 2011   ENTONCES. Irs 1040ez form 2011 . Irs 1040ez form 2011 . Irs 1040ez form 2011 usted heredó su vivienda de un difunto que falleció antes o depués del 2010, o de un difunto que falleció en el 2010 pero la albacea de su caudal hereditario no presentó el Formulario 8939. Irs 1040ez form 2011 1 omita las líneas 1 a la 4 de la hoja de trabajo. Irs 1040ez form 2011 2 encuentre su base utilizando las reglas bajo Inherited Property (Bienes Heredados) en la Publicación 551, en inglés. Irs 1040ez form 2011 Anote esta cantidad en la línea 5 de la hoja de trabajo. Irs 1040ez form 2011 3 llene las líneas 6 a la 13 de la hoja de trabajo. Irs 1040ez form 2011 usted recibió su vivienda como un regalo (donación) 1 lea Property Received as Gift (Bienes Recibidos como Regalo (Donación)) en la Publicación 551, en inglés, y anote en las líneas 1 y 3 de la hoja de trabajo la base ajustada del donante o el valor justo de mercado de la vivienda en el momento del regalo (donación), lo que proceda. Irs 1040ez form 2011 2 si usted puede sumar algún impuesto federal sobre donaciones a su base, anote esa cantidad en la línea 5 de la hoja de trabajo. Irs 1040ez form 2011 3 llene el resto de la hoja de trabajo. Irs 1040ez form 2011 usted recibió su vivienda como un canje por otra propiedad 1 anote en la línea 1 de la hoja de trabajo el valor justo de mercado de la otra propiedad al tiempo del canje. Irs 1040ez form 2011 (Pero si usted recibió su vivienda como un canje por su vivienda anterior antes del 7 de mayo de 1997, y tuvo una ganancia en que el canje se aplazó utilizando el Formulario 2119, anote en la línea 1 de la hoja de trabajo la base ajustada de la vivienda nueva que aparece en dicho formulario). Irs 1040ez form 2011 2 llene el resto de la hoja de trabajo. Irs 1040ez form 2011 usted construyó su vivienda 1 sume el precio de compra del terreno y el costo de la construcción de la vivienda. Irs 1040ez form 2011 Anote ese total en la línea 1 de la hoja de trabajo. Irs 1040ez form 2011 (Sin embargo, si usted presentó un Formulario 2119 para aplazar ganancias en la venta de una vivienda anterior antes del 7 de mayo de 1997, anote en la línea 1 de la hoja de trabajo la base ajustada de la vivienda nueva que aparece en dicho formulario). Irs 1040ez form 2011 2 llene el resto de la hoja de trabajo. Irs 1040ez form 2011 usted recibió su vivienda de su cónyuge después del 18 de julio de 1984 1 ignore las líneas 1 a la 4 de la hoja de trabajo. Irs 1040ez form 2011 2 anote en la línea 5 de la hoja de trabajo el costo u otra base (ajustada) de su cónyuge en la vivienda justo antes de que usted la haya recibido. Irs 1040ez form 2011 3 llene las líneas 6 a la 13 de la hoja de trabajo, haciendo ajustes a la base solamente por acontecimientos después del traspaso. Irs 1040ez form 2011 usted fue dueño de una vivienda conjuntamente con su cónyuge, el cual le traspasó su participación en la misma después del 18 de julio de 1984     llene una hoja de trabajo, haciendo los ajustes a la base por acontecimientos tanto antes como después del traspaso. Irs 1040ez form 2011   usted recibió su vivienda de su cónyuge antes del 19 de julio de 1984 1 ignore las líneas 1 a la 4 de la hoja de trabajo. Irs 1040ez form 2011 2 anote en la línea 5 de la hoja de trabajo el valor justo de mercado de la vivienda cuando usted la recibió. Irs 1040ez form 2011 3 llene las líneas 6 a la 13 de la hoja de trabajo, ajustando la base solamente por acontecimientos después del traspaso. Irs 1040ez form 2011 usted fue dueño de una vivienda conjuntamente con su cónyuge, el cual le traspasó su participación en la misma antes del 19 de julio de 1984 1 llene una hoja de trabajo, las líneas 1 a la 13, ajustando la base solamente por acontecimientos antes del traspaso. Irs 1040ez form 2011 2 multiplique la cantidad de la línea 13 de esa hoja de trabajo por 0. Irs 1040ez form 2011 5 para obtener la base ajustada de la mitad de su participación a la hora del traspaso. Irs 1040ez form 2011 3 multiplique el valor justo de mercado de la vivienda a la hora del traspaso por 0. Irs 1040ez form 2011 5. Irs 1040ez form 2011 Generalmente, el resultado corresponde a la base de la mitad de la participación de su cónyuge. Irs 1040ez form 2011 4 sume las cantidades de los pasos 2 y 3 y anote el total en la línea 5 de una segunda hoja de trabajo. Irs 1040ez form 2011 5 complete el resto de la segunda hoja de trabajo, ajustando la base solamente por acontecimientos después del traspaso. Irs 1040ez form 2011 usted fue dueño de su vivienda conjuntamente con alguien (aparte de cónyuges que presenten una declaración conjunta) 1 llene las líneas 1 a la 13 de la hoja de trabajo. Irs 1040ez form 2011 2 multiplique la cantidad de la línea 13 para obtener la base ajustada suya por el porcentaje de su parte de su participación de la vivienda. Irs 1040ez form 2011 Instrucciones para la Hoja de Trabajo A. Irs 1040ez form 2011 (Continuación) SI. Irs 1040ez form 2011 . Irs 1040ez form 2011 . Irs 1040ez form 2011   ENTONCES. Irs 1040ez form 2011 . Irs 1040ez form 2011 . Irs 1040ez form 2011 usted fue dueño de su vivienda conjuntamente con su cónyuge que falleció antes de 2010 y antes de un hecho fortuito 1 llene una hoja de trabajo, las líneas 1 a la 13, incluyendo ajustes a la base solamente por acontecimientos antes del fallecimiento de su cónyuge. Irs 1040ez form 2011 2 multiplique la cantidad de la línea 13 de esa hoja de trabajo por 0. Irs 1040ez form 2011 5 para obtener la base ajustada de la mitad de su participación a la fecha del fallecimiento. Irs 1040ez form 2011 3 calcule la base de la mitad de la participación de su cónyuge. Irs 1040ez form 2011 Esto corresponde a la mitad del valor justo de mercado en la fecha del fallecimiento (o la valoración alternativa usada posteriormente para propósitos de los impuestos de sucesiones o caudales hereditarios). Irs 1040ez form 2011 (La base de su mitad seguirá siendo la mitad de la base ajustada determinada en el paso 2). Irs 1040ez form 2011 4 sume las cantidades de los pasos 2 y 3 y anote el total en la línea 5 de una segunda hoja de trabajo. Irs 1040ez form 2011 5 complete las líneas 6 a la 13 de la segunda hoja de trabajo, ajustando la base solamente por acontecimientos después del fallecimiento de su cónyuge. Irs 1040ez form 2011 usted fue dueño de su vivienda conjuntamente con su cónyuge que falleció antes de 2010 y antes de un hecho fortuito y, su vivienda permanente está en un estado donde rigen las leyes de la comunidad de bienes matrimoniales 1 ignore las líneas 1 a la 4 de la hoja de trabajo. Irs 1040ez form 2011 2 anote la cantidad de su base en la línea 5 de la hoja de trabajo. Irs 1040ez form 2011 Generalmente, esto corresponde al valor justo de mercado de la vivienda al momento del fallecimiento. Irs 1040ez form 2011 (No obstante, vea Community Property (Comunidad de Bienes Matrimoniales) en la Publicación 551, en inglés, para reglas especiales). Irs 1040ez form 2011 3 llene el resto de la hoja de trabajo, ajustando la base solamente por acontecimientos después del fallecimiento de su cónyuge. Irs 1040ez form 2011 usted fue dueño de su vivienda conjuntamente con alguien (que no sean cónyuges que presenten la declaración conjunta) que falleció antes de 2010 y antes de un hecho fortuito 1 llene las líneas 1 a la 13 de la hoja de trabajo, incluyendo ajustes a la base solamente por acontecimientos antes del fallecimiento del codueño. Irs 1040ez form 2011 2 multiplique la cantidad de la línea 13 por el porcentaje de su parte de su participación de la vivienda para obtener la base ajustada suyo en la fecha del fallecimiento. Irs 1040ez form 2011 3 multiplique el valor justo del mercado en la fecha del fallecimiento (o use la valuació alterna usada posteriormente para propositos de los impuestos de sucesiones o caudales hereditarios) por el porcentaje que corresponde a la participación del codueño. Irs 1040ez form 2011 Ésta es la base para el interés parcial del codueño. Irs 1040ez form 2011 4 sume las cantidades de los pasos 2 y 3 y anote el total en la línea 5 de una segunda hoja de trabajo. Irs 1040ez form 2011 5 complete las líneas 6 a la 13 de la segunda hoja de trabajo incluyendo ajustes a la base solamente por acontecimientos después del fallecimiento del codueño. Irs 1040ez form 2011 alguna vez su vivienda sufrió daños debido a un hecho fortuito anterior 1 en la línea 8 de la hoja de trabajo, anote toda cantidad que haya gastado para restaurar la vivienda a su estado original antes del hecho fortuito anterior. Irs 1040ez form 2011 2 en la línea 11 anote: todo reembolso de seguros que usted haya recibido (o espera recibir) por la pérdida anterior  y toda pérdida por hecho fortuito deducible de años anteriores no cubierta por  su seguro. Irs 1040ez form 2011 la persona que le vendió su vivienda pagó puntos sobre su préstamo y usted compró su vivienda después de 1990 pero antes del 4 de abril de 1994   en la línea 2 anote los puntos pagados por el vendedor solamente si usted los dedujo como intereses hipotecarios de la vivienda en el año en que fueron pagados (a no ser que haya utilizado los puntos pagados por el vendedor para reducir la cantidad de la línea 1). Irs 1040ez form 2011 la persona que le vendió su vivienda pagó puntos sobre su préstamo y usted compró su vivienda después del 3 de abril de 1994   en la línea 2 anote los puntos pagados por el vendedor aun si usted no los dedujo (a no ser que haya utilizado los puntos pagados por el vendedor para reducir la cantidad de la línea 1). Irs 1040ez form 2011 usted usó parte de la propiedad como su vivienda y parte de ella para propósitos comerciales o para generar ingresos de alquiler   usted debe asignar las anotaciones en la Hoja de Trabajo A entre la parte personal (columna (a)) y la parte comercial/de alquiler (columna (b)). Irs 1040ez form 2011 no corresponde ninguno de los puntos anteriores   llene completamente la hoja de trabajo. Irs 1040ez form 2011 Prev  Up  Next   Home   More Online Publications