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It 1040ez 8. It 1040ez   Amortization Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: How To Deduct Amortization Starting a BusinessBusiness Start-Up Costs Costs of Organizing a Corporation Costs of Organizing a Partnership How To Amortize Getting a Lease Section 197 IntangiblesSection 197 Intangibles Defined Assets That Are Not Section 197 Intangibles Safe Harbor for Creative Property Costs Anti-Churning Rules Incorrect Amount of Amortization Deducted Disposition of Section 197 Intangibles Reforestation Costs Geological and Geophysical Costs Pollution Control FacilitiesNew identifiable treatment facility. It 1040ez Research and Experimental Costs Optional Write-off of Certain Tax Preferences Introduction Amortization is a method of recovering (deducting) certain capital costs over a fixed period of time. It 1040ez It is similar to the straight line method of depreciation. It 1040ez The various amortizable costs covered in this chapter are included in the list below. It 1040ez However, this chapter does not discuss amortization of bond premium. It 1040ez For information on that topic, see chapter 3 of Publication 550, Investment Income and Expenses. It 1040ez Topics - This chapter discusses: Deducting amortization Amortizing costs of starting a business Amortizing costs of getting a lease Amortizing costs of section 197 intangibles Amortizing reforestation costs Amortizing costs of geological and geophysical costs Amortizing costs of pollution control facilities Amortizing costs of research and experimentation Amortizing costs of certain tax preferences Useful Items - You may want to see: Publication 544 Sales and Other Dispositions of Assets 550 Investment Income and Expenses 946 How To Depreciate Property Form (and Instructions) 4562 Depreciation and Amortization 4626 Alternative Minimum Tax—Corporations 6251 Alternative Minimum Tax—Individuals See chapter 12 for information about getting publications and forms. It 1040ez How To Deduct Amortization To deduct amortization that begins during the current tax year, complete Part VI of Form 4562 and attach it to your income tax return. It 1040ez To report amortization from previous years, in addition to amortization that begins in the current year, list on Form 4562 each item separately. It 1040ez For example, in 2012, you began to amortize a lease. It 1040ez In 2013, you began to amortize a second lease. It 1040ez Report amortization from the new lease on line 42 of your 2013 Form 4562. It 1040ez Report amortization from the 2012 lease on line 43 of your 2013 Form 4562. It 1040ez If you do not have any new amortizable expenses for the current year, you are not required to complete Form 4562 (unless you are claiming depreciation). It 1040ez Report the current year's deduction for amortization that began in a prior year directly on the “Other deduction” or “Other expense line” of your return. It 1040ez Starting a Business When you start a business, treat all eligible costs you incur before you begin operating the business as capital expenditures which are part of your basis in the business. It 1040ez Generally, you recover costs for particular assets through depreciation deductions. It 1040ez However, you generally cannot recover other costs until you sell the business or otherwise go out of business. It 1040ez For a discussion on how to treat these costs, see If your attempt to go into business is unsuccessful under Capital Expenses in chapter 1. It 1040ez For costs paid or incurred after September 8, 2008, you can deduct a limited amount of start-up and organizational costs. It 1040ez The costs that are not deducted currently can be amortized ratably over a 180-month period. It 1040ez The amortization period starts with the month you begin operating your active trade or business. It 1040ez You are not required to attach a statement to make this election. It 1040ez You can choose to forgo this election by affirmatively electing to capitalize your start-up costs on your income tax return filed by the due date (including extensions) for the tax year in which the active trade or business begins. It 1040ez Once made, the election to either amortize or capitalize start-up costs is irrevocable and applies to all start-up costs that are related to your trade or business. It 1040ez See Regulations sections 1. It 1040ez 195-1, 1. It 1040ez 248-1, and 1. It 1040ez 709-1. It 1040ez For costs paid or incurred after October 22, 2004, and before September 9, 2008, you can elect to deduct a limited amount of business start-up and organizational costs in the year your active trade or business begins. It 1040ez Any costs not deducted can be amortized ratably over a 180-month period, beginning with the month you begin business. It 1040ez If the election is made, you must attach any statement required by Regulations sections 1. It 1040ez 195-1(b), 1. It 1040ez 248-1(c), and 1. It 1040ez 709-1(c), as in effect before September 9, 2008. It 1040ez Note. It 1040ez You can apply the provisions of Regulations sections 1. It 1040ez 195-1, 1. It 1040ez 248-1, and 1. It 1040ez 709-1 to all business start-up and organizational costs paid or incurred after October 22, 2004, provided the period of limitations on assessment has not expired for the year of the election. It 1040ez Otherwise, the provisions under Regulations sections 1. It 1040ez 195-1(b), 1. It 1040ez 248-1(c), and 1. It 1040ez 709-1(c), as in effect before September 9, 2008, will apply. It 1040ez For costs paid or incurred before October 23, 2004, you can elect to amortize business start-up and organization costs over an amortization period of 60 months or more. It 1040ez See How To Make the Election , later. It 1040ez The cost must qualify as one of the following. It 1040ez A business start-up cost. It 1040ez An organizational cost for a corporation. It 1040ez An organizational cost for a partnership. It 1040ez Business Start-Up Costs Start-up costs are amounts paid or incurred for: (a) creating an active trade or business; or (b) investigating the creation or acquisition of an active trade or business. It 1040ez Start-up costs include amounts paid or incurred in connection with an existing activity engaged in for profit; and for the production of income in anticipation of the activity becoming an active trade or business. It 1040ez Qualifying costs. It 1040ez   A start-up cost is amortizable if it meets both of the following tests. It 1040ez It is a cost you could deduct if you paid or incurred it to operate an existing active trade or business (in the same field as the one you entered into). It 1040ez It is a cost you pay or incur before the day your active trade or business begins. It 1040ez   Start-up costs include amounts paid for the following: An analysis or survey of potential markets, products, labor supply, transportation facilities, etc. It 1040ez Advertisements for the opening of the business. It 1040ez Salaries and wages for employees who are being trained and their instructors. It 1040ez Travel and other necessary costs for securing prospective distributors, suppliers, or customers. It 1040ez Salaries and fees for executives and consultants, or for similar professional services. It 1040ez Nonqualifying costs. It 1040ez   Start-up costs do not include deductible interest, taxes, or research and experimental costs. It 1040ez See Research and Experimental Costs , later. It 1040ez Purchasing an active trade or business. It 1040ez   Amortizable start-up costs for purchasing an active trade or business include only investigative costs incurred in the course of a general search for or preliminary investigation of the business. It 1040ez These are costs that help you decide whether to purchase a business. It 1040ez Costs you incur in an attempt to purchase a specific business are capital expenses that you cannot amortize. It 1040ez Example. It 1040ez On June 1st, you hired an accounting firm and a law firm to assist you in the potential purchase of XYZ, Inc. It 1040ez They researched XYZ's industry and analyzed the financial projections of XYZ, Inc. It 1040ez In September, the law firm prepared and submitted a letter of intent to XYZ, Inc. It 1040ez The letter stated that a binding commitment would result only after a purchase agreement was signed. It 1040ez The law firm and accounting firm continued to provide services including a review of XYZ's books and records and the preparation of a purchase agreement. It 1040ez On October 22nd, you signed a purchase agreement with XYZ, Inc. It 1040ez All amounts paid or incurred to investigate the business before October 22nd are amortizable investigative costs. It 1040ez Amounts paid on or after that date relate to the attempt to purchase the business and therefore must be capitalized. It 1040ez Disposition of business. It 1040ez   If you completely dispose of your business before the end of the amortization period, you can deduct any remaining deferred start-up costs. It 1040ez However, you can deduct these deferred start-up costs only to the extent they qualify as a loss from a business. It 1040ez Costs of Organizing a Corporation Amounts paid to organize a corporation are the direct costs of creating the corporation. It 1040ez Qualifying costs. It 1040ez   To qualify as an organizational cost, it must be: For the creation of the corporation, Chargeable to a capital account (see chapter 1), Amortized over the life of the corporation if the corporation had a fixed life, and Incurred before the end of the first tax year in which the corporation is in business. It 1040ez   A corporation using the cash method of accounting can amortize organizational costs incurred within the first tax year, even if it does not pay them in that year. It 1040ez   Examples of organizational costs include: The cost of temporary directors. It 1040ez The cost of organizational meetings. It 1040ez State incorporation fees. It 1040ez The cost of legal services. It 1040ez Nonqualifying costs. It 1040ez   The following items are capital expenses that cannot be amortized: Costs for issuing and selling stock or securities, such as commissions, professional fees, and printing costs. It 1040ez Costs associated with the transfer of assets to the corporation. It 1040ez Costs of Organizing a Partnership The costs to organize a partnership are the direct costs of creating the partnership. It 1040ez Qualifying costs. It 1040ez   A partnership can amortize an organizational cost only if it meets all the following tests. It 1040ez It is for the creation of the partnership and not for starting or operating the partnership trade or business. It 1040ez It is chargeable to a capital account (see chapter 1). It 1040ez It could be amortized over the life of the partnership if the partnership had a fixed life. It 1040ez It is incurred by the due date of the partnership return (excluding extensions) for the first tax year in which the partnership is in business. It 1040ez However, if the partnership uses the cash method of accounting and pays the cost after the end of its first tax year, see Cash method partnership under How To Amortize, later. It 1040ez It is for a type of item normally expected to benefit the partnership throughout its entire life. It 1040ez   Organizational costs include the following fees. It 1040ez Legal fees for services incident to the organization of the partnership, such as negotiation and preparation of the partnership agreement. It 1040ez Accounting fees for services incident to the organization of the partnership. It 1040ez Filing fees. It 1040ez Nonqualifying costs. It 1040ez   The following costs cannot be amortized. It 1040ez The cost of acquiring assets for the partnership or transferring assets to the partnership. It 1040ez The cost of admitting or removing partners, other than at the time the partnership is first organized. It 1040ez The cost of making a contract concerning the operation of the partnership trade or business including a contract between a partner and the partnership. It 1040ez The costs for issuing and marketing interests in the partnership such as brokerage, registration, and legal fees and printing costs. It 1040ez These “syndication fees” are capital expenses that cannot be depreciated or amortized. It 1040ez Liquidation of partnership. It 1040ez   If a partnership is liquidated before the end of the amortization period, the unamortized amount of qualifying organizational costs can be deducted in the partnership's final tax year. It 1040ez However, these costs can be deducted only to the extent they qualify as a loss from a business. It 1040ez How To Amortize Deduct start-up and organizational costs in equal amounts over the applicable amortization period (discussed earlier). It 1040ez You can choose an amortization period for start-up costs that is different from the period you choose for organizational costs, as long as both are not less than the applicable amortization period. It 1040ez Once you choose an amortization period, you cannot change it. It 1040ez To figure your deduction, divide your total start-up or organizational costs by the months in the amortization period. It 1040ez The result is the amount you can deduct for each month. It 1040ez Cash method partnership. It 1040ez   A partnership using the cash method of accounting can deduct an organizational cost only if it has been paid by the end of the tax year. It 1040ez However, any cost the partnership could have deducted as an organizational cost in an earlier tax year (if it had been paid that year) can be deducted in the tax year of payment. It 1040ez How To Make the Election To elect to amortize start-up or organizational costs, you must complete and attach Form 4562 to your return for the first tax year you are in business. It 1040ez You may also be required to attach an accompanying statement (described later) to your return. It 1040ez For start-up or organizational costs paid or incurred after September 8, 2008, an accompanying statement is not required. It 1040ez Generally, for start-up or organizational costs paid or incurred before September 9, 2008, and after October 22, 2004, unless you choose to apply Regulations sections 1. It 1040ez 195-1, 1. It 1040ez 248-1, and 1. It 1040ez 709-1, you must also attach an accompanying statement to elect to amortize the costs. It 1040ez If you have both start-up and organizational costs, attach a separate statement (if required) to your return for each type of cost. It 1040ez See Starting a Business , earlier, for more information. It 1040ez Generally, you must file the return by the due date (including any extensions). It 1040ez 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). It 1040ez For more information, see the instructions for Part VI of Form 4562. It 1040ez You can choose to forgo the election to amortize by affirmatively electing to capitalize your start-up or organizational costs on your income tax return filed by the due date (including extensions) for the tax year in which the active trade or business begins. It 1040ez Note. It 1040ez The election to either amortize or capitalize start-up or organizational costs is irrevocable and applies to all start-up and organizational costs that are related to the trade or business. It 1040ez If your business is organized as a corporation or partnership, only the corporation or partnership can elect to amortize its start-up or organizational costs. It 1040ez A shareholder or partner cannot make this election. It 1040ez You, as a shareholder or partner, cannot amortize any costs you incur in setting up your corporation or partnership. It 1040ez Only the corporation or partnership can amortize these costs. It 1040ez However, you, as an individual, can elect to amortize costs you incur to investigate an interest in an existing partnership. It 1040ez These costs qualify as business start-up costs if you acquire the partnership interest. It 1040ez Start-up costs election statement. It 1040ez   If you elect to amortize your start-up costs, attach a separate statement (if required) that contains the following information. It 1040ez A description of the business to which the start-up costs relate. It 1040ez A description of each start-up cost incurred. It 1040ez The month your active business began (or was acquired). It 1040ez The number of months in your amortization period (which is generally 180 months). It 1040ez Filing the statement early. It 1040ez   You can elect to amortize your start-up costs by filing the statement with a return for any tax year before the year your active business begins. It 1040ez If you file the statement early, the election becomes effective in the month of the tax year your active business begins. It 1040ez Revised statement. It 1040ez   You can file a revised statement to include any start-up costs not included in your original statement. It 1040ez However, you cannot include on the revised statement any cost you previously treated on your return as a cost other than a start-up cost. It 1040ez You can file the revised statement with a return filed after the return on which you elected to amortize your start-up costs. It 1040ez Organizational costs election statement. It 1040ez   If you elect to amortize your corporation's or partnership's organizational costs, attach a separate statement (if required) that contains the following information. It 1040ez A description of each cost. It 1040ez The amount of each cost. It 1040ez The date each cost was incurred. It 1040ez The month your corporation or partnership began active business (or acquired the business). It 1040ez The number of months in your amortization period (which is generally 180 months). It 1040ez Partnerships. It 1040ez   The statement prepared for a cash basis partnership must also indicate the amount paid before the end of the year for each cost. It 1040ez   You do not need to separately list any partnership organizational cost that is less than $10. It 1040ez Instead, you can list the total amount of these costs with the dates the first and last costs were incurred. It 1040ez   After a partnership makes the election to amortize organizational costs, it can later file an amended return to include additional organizational costs not included in the partnership's original return and statement. It 1040ez Getting a Lease If you get a lease for business property, you may recover the cost of acquiring the lease by amortizing it over the term of the lease. It 1040ez The term of the lease for amortization purposes generally includes all renewal options (and any other period for which you and the lessor reasonably expect the lease to be renewed). It 1040ez However, renewal periods are not included if 75% or more of the cost of acquiring the lease is for the term of the lease remaining on the acquisition date (not including any period for which you may choose to renew, extend, or continue the lease). It 1040ez For more information on the costs of getting a lease, see Cost of Getting a Lease in  chapter 3. It 1040ez How to amortize. It 1040ez   Enter your deduction in Part VI of Form 4562 if you are deducting amortization that begins during the current year, or on the appropriate line of your tax return if you are not otherwise required to file Form 4562. It 1040ez Section 197 Intangibles Generally, you may amortize the capitalized costs of “section 197 intangibles” (defined later) ratably over a 15-year period. It 1040ez You must amortize these costs if you hold the section 197 intangibles in connection with your trade or business or in an activity engaged in for the production of income. It 1040ez You may not be able to amortize section 197 intangibles acquired in a transaction that did not result in a significant change in ownership or use. It 1040ez See Anti-Churning Rules, later. It 1040ez Your amortization deduction each year is the applicable part of the intangible's adjusted basis (for purposes of determining gain), figured by amortizing it ratably over 15 years (180 months). It 1040ez The 15-year period begins with the later of: The month the intangible is acquired, or The month the trade or business or activity engaged in for the production of income begins. It 1040ez You cannot deduct amortization for the month you dispose of the intangible. It 1040ez If you pay or incur an amount that increases the basis of an amortizable section 197 intangible after the 15-year period begins, amortize it over the remainder of the 15-year period beginning with the month the basis increase occurs. It 1040ez You are not allowed any other depreciation or amortization deduction for an amortizable section 197 intangible. It 1040ez Tax-exempt use property subject to a lease. It 1040ez   The amortization period for any section 197 intangible leased under a lease agreement entered into after March 12, 2004, to a tax-exempt organization, governmental unit, or foreign person or entity (other than a partnership), shall not be less than 125 percent of the lease term. It 1040ez Cost attributable to other property. It 1040ez   The rules for section 197 intangibles do not apply to any amount that is included in determining the cost of property that is not a section 197 intangible. It 1040ez For example, if the cost of computer software is not separately stated from the cost of hardware or other tangible property and you consistently treat it as part of the cost of the hardware or other tangible property, these rules do not apply. It 1040ez Similarly, none of the cost of acquiring real property held for the production of rental income is considered the cost of goodwill, going concern value, or any other section 197 intangible. It 1040ez Section 197 Intangibles Defined The following assets are section 197 intangibles and must be amortized over 180 months: Goodwill; Going concern value; Workforce in place; Business books and records, operating systems, or any other information base, including lists or other information concerning current or prospective customers; A patent, copyright, formula, process, design, pattern, know-how, format, or similar item; A customer-based intangible; A supplier-based intangible; Any item similar to items (3) through (7); A license, permit, or other right granted by a governmental unit or agency (including issuances and renewals); A covenant not to compete entered into in connection with the acquisition of an interest in a trade or business; Any franchise, trademark, or trade name; and A contract for the use of, or a term interest in, any item in this list. It 1040ez You cannot amortize any of the intangibles listed in items (1) through (8) that you created rather than acquired unless you created them in acquiring assets that make up a trade or business or a substantial part of a trade or business. It 1040ez Goodwill. It 1040ez   This is the value of a trade or business based on expected continued customer patronage due to its name, reputation, or any other factor. It 1040ez Going concern value. It 1040ez   This is the additional value of a trade or business that attaches to property because the property is an integral part of an ongoing business activity. It 1040ez It includes value based on the ability of a business to continue to function and generate income even though there is a change in ownership (but does not include any other section 197 intangible). It 1040ez It also includes value based on the immediate use or availability of an acquired trade or business, such as the use of earnings during any period in which the business would not otherwise be available or operational. It 1040ez Workforce in place, etc. It 1040ez   This includes the composition of a workforce (for example, its experience, education, or training). It 1040ez It also includes the terms and conditions of employment, whether contractual or otherwise, and any other value placed on employees or any of their attributes. It 1040ez   For example, you must amortize the part of the purchase price of a business that is for the existence of a highly skilled workforce. It 1040ez Also, you must amortize the cost of acquiring an existing employment contract or relationship with employees or consultants. It 1040ez Business books and records, etc. It 1040ez   This includes the intangible value of technical manuals, training manuals or programs, data files, and accounting or inventory control systems. It 1040ez It also includes the cost of customer lists, subscription lists, insurance expirations, patient or client files, and lists of newspaper, magazine, radio, and television advertisers. It 1040ez Patents, copyrights, etc. It 1040ez   This includes package design, computer software, and any interest in a film, sound recording, videotape, book, or other similar property, except as discussed later under Assets That Are Not Section 197 Intangibles . It 1040ez Customer-based intangible. It 1040ez   This is the composition of market, market share, and any other value resulting from the future provision of goods or services because of relationships with customers in the ordinary course of business. It 1040ez For example, you must amortize the part of the purchase price of a business that is for the existence of the following intangibles. It 1040ez A customer base. It 1040ez A circulation base. It 1040ez An undeveloped market or market growth. It 1040ez Insurance in force. It 1040ez A mortgage servicing contract. It 1040ez An investment management contract. It 1040ez Any other relationship with customers involving the future provision of goods or services. It 1040ez   Accounts receivable or other similar rights to income for goods or services provided to customers before the acquisition of a trade or business are not section 197 intangibles. It 1040ez Supplier-based intangible. It 1040ez   A supplier-based intangible is the value resulting from the future acquisitions, (through contract or other relationships with suppliers in the ordinary course of business) of goods or services that you will sell or use. It 1040ez The amount you pay or incur for supplier-based intangibles includes, for example, any portion of the purchase price of an acquired trade or business that is attributable to the existence of a favorable relationship with persons providing distribution services (such as a favorable shelf or display space or a retail outlet), or the existence of favorable supply contracts. It 1040ez Do not include any amount required to be paid for the goods or services to honor the terms of the agreement or other relationship. It 1040ez Also, see Assets That Are Not Section 197 Intangibles below. It 1040ez Government-granted license, permit, etc. It 1040ez   This is any right granted by a governmental unit or an agency or instrumentality of a governmental unit. It 1040ez For example, you must amortize the capitalized costs of acquiring (including issuing or renewing) a liquor license, a taxicab medallion or license, or a television or radio broadcasting license. It 1040ez Covenant not to compete. It 1040ez   Section 197 intangibles include a covenant not to compete (or similar arrangement) entered into in connection with the acquisition of an interest in a trade or business, or a substantial portion of a trade or business. It 1040ez An interest in a trade or business includes an interest in a partnership or a corporation engaged in a trade or business. It 1040ez   An arrangement that requires the former owner to perform services (or to provide property or the use of property) is not similar to a covenant not to compete to the extent the amount paid under the arrangement represents reasonable compensation for those services or for that property or its use. It 1040ez Franchise, trademark, or trade name. It 1040ez   A franchise, trademark, or trade name is a section 197 intangible. It 1040ez You must amortize its purchase or renewal costs, other than certain contingent payments that you can deduct currently. It 1040ez For information on currently deductible contingent payments, see chapter 11. It 1040ez Professional sports franchise. It 1040ez   A franchise engaged in professional sports and any intangible assets acquired in connection with acquiring the franchise (including player contracts) is a section 197 intangible amortizable over a 15-year period. It 1040ez Contract for the use of, or a term interest in, a section 197 intangible. It 1040ez   Section 197 intangibles include any right under a license, contract, or other arrangement providing for the use of any section 197 intangible. It 1040ez It also includes any term interest in any section 197 intangible, whether the interest is outright or in trust. It 1040ez Assets That Are Not Section 197 Intangibles The following assets are not section 197 intangibles. It 1040ez Any interest in a corporation, partnership, trust, or estate. It 1040ez Any interest under an existing futures contract, foreign currency contract, notional principal contract, interest rate swap, or similar financial contract. It 1040ez Any interest in land. It 1040ez Most computer software. It 1040ez (See Computer software , later. It 1040ez ) Any of the following assets not acquired in connection with the acquisition of a trade or business or a substantial part of a trade or business. It 1040ez An interest in a film, sound recording, video tape, book, or similar property. It 1040ez A right to receive tangible property or services under a contract or from a governmental agency. It 1040ez An interest in a patent or copyright. It 1040ez Certain rights that have a fixed duration or amount. It 1040ez (See Rights of fixed duration or amount , later. It 1040ez ) An interest under either of the following. It 1040ez An existing lease or sublease of tangible property. It 1040ez A debt that was in existence when the interest was acquired. It 1040ez A right to service residential mortgages unless the right is acquired in connection with the acquisition of a trade or business or a substantial part of a trade or business. It 1040ez Certain transaction costs incurred by parties to a corporate organization or reorganization in which any part of a gain or loss is not recognized. It 1040ez Intangible property that is not amortizable under the rules for section 197 intangibles can be depreciated if it meets certain requirements. It 1040ez You generally must use the straight line method over its useful life. It 1040ez For certain intangibles, the depreciation period is specified in the law and regulations. It 1040ez For example, the depreciation period for computer software that is not a section 197 intangible is generally 36 months. It 1040ez For more information on depreciating intangible property, see Intangible Property under What Method Can You Use To Depreciate Your Property? in chapter 1 of Publication 946. It 1040ez Computer software. It 1040ez   Section 197 intangibles do not include the following types of computer software. It 1040ez Software that meets all the following requirements. It 1040ez It is, or has been, readily available for purchase by the general public. It 1040ez It is subject to a nonexclusive license. It 1040ez It has not been substantially modified. It 1040ez This requirement is considered met if the cost of all modifications is not more than the greater of 25% of the price of the publicly available unmodified software or $2,000. It 1040ez Software that is not acquired in connection with the acquisition of a trade or business or a substantial part of a trade or business. It 1040ez Computer software defined. It 1040ez   Computer software includes all programs designed to cause a computer to perform a desired function. It 1040ez It also includes any database or similar item that is in the public domain and is incidental to the operation of qualifying software. It 1040ez Rights of fixed duration or amount. It 1040ez   Section 197 intangibles do not include any right under a contract or from a governmental agency if the right is acquired in the ordinary course of a trade or business (or in an activity engaged in for the production of income) but not as part of a purchase of a trade or business and either: Has a fixed life of less than 15 years, or Is of a fixed amount that, except for the rules for section 197 intangibles, would be recovered under a method similar to the unit-of-production method of cost recovery. It 1040ez However, this does not apply to the following intangibles. It 1040ez Goodwill. It 1040ez Going concern value. It 1040ez A covenant not to compete. It 1040ez A franchise, trademark, or trade name. It 1040ez A customer-related information base, customer-based intangible, or similar item. It 1040ez Safe Harbor for Creative Property Costs If you are engaged in the trade or business of film production, you may be able to amortize the creative property costs for properties not set for production within 3 years of the first capitalized transaction. It 1040ez You may amortize these costs ratably over a 15-year period beginning on the first day of the second half of the tax year in which you properly write off the costs for financial accounting purposes. It 1040ez If, during the 15-year period, you dispose of the creative property rights, you must continue to amortize the costs over the remainder of the 15-year period. It 1040ez Creative property costs include costs paid or incurred to acquire and develop screenplays, scripts, story outlines, motion picture production rights to books and plays, and other similar properties for purposes of potential future film development, production, and exploitation. It 1040ez Amortize these costs using the rules of Revenue Procedure 2004-36. It 1040ez For more information, see Revenue Procedure 2004-36, 2004-24 I. It 1040ez R. It 1040ez B. It 1040ez 1063, available at  www. It 1040ez irs. It 1040ez gov/irb/2004-24_IRB/ar16. It 1040ez html. It 1040ez A change in the treatment of creative property costs is a change in method of accounting. It 1040ez Anti-Churning Rules Anti-churning rules prevent you from amortizing most section 197 intangibles if the transaction in which you acquired them did not result in a significant change in ownership or use. It 1040ez These rules apply to goodwill and going concern value, and to any other section 197 intangible that is not otherwise depreciable or amortizable. It 1040ez Under the anti-churning rules, you cannot use 15-year amortization for the intangible if any of the following conditions apply. It 1040ez You or a related person (defined later) held or used the intangible at any time from July 25, 1991, through August 10, 1993. It 1040ez You acquired the intangible from a person who held it at any time during the period in (1) and, as part of the transaction, the user did not change. It 1040ez You granted the right to use the intangible to a person (or a person related to that person) who held or used it at any time during the period in (1). It 1040ez This applies only if the transaction in which you granted the right and the transaction in which you acquired the intangible are part of a series of related transactions. It 1040ez See Related person , later, for more information. It 1040ez Exceptions. It 1040ez   The anti-churning rules do not apply in the following situations. It 1040ez You acquired the intangible from a decedent and its basis was stepped up to its fair market value. It 1040ez The intangible was amortizable as a section 197 intangible by the seller or transferor you acquired it from. It 1040ez This exception does not apply if the transaction in which you acquired the intangible and the transaction in which the seller or transferor acquired it are part of a series of related transactions. It 1040ez The gain-recognition exception, discussed later, applies. It 1040ez Related person. It 1040ez   For purposes of the anti-churning rules, the following are related persons. It 1040ez An individual and his or her brothers, sisters, half-brothers, half-sisters, spouse, ancestors (parents, grandparents, etc. It 1040ez ), and lineal descendants (children, grandchildren, etc. It 1040ez ). It 1040ez A corporation and an individual who owns, directly or indirectly, more than 20% of the value of the corporation's outstanding stock. It 1040ez Two corporations that are members of the same controlled group as defined in section 1563(a) of the Internal Revenue Code, except that “more than 20%” is substituted for “at least 80%” in that definition and the determination is made without regard to subsections (a)(4) and (e)(3)(C) of section 1563. It 1040ez (For an exception, see section 1. It 1040ez 197-2(h)(6)(iv) of the regulations. It 1040ez ) A trust fiduciary and a corporation if more than 20% of the value of the corporation's outstanding stock is owned, directly or indirectly, by or for the trust or grantor of the trust. It 1040ez The grantor and fiduciary, and the fiduciary and beneficiary, of any trust. It 1040ez The fiduciaries of two different trusts, and the fiduciaries and beneficiaries of two different trusts, if the same person is the grantor of both trusts. It 1040ez The executor and beneficiary of an estate. It 1040ez A tax-exempt educational or charitable organization and a person who directly or indirectly controls the organization (or whose family members control it). It 1040ez A corporation and a partnership if the same persons own more than 20% of the value of the outstanding stock of the corporation and more than 20% of the capital or profits interest in the partnership. It 1040ez Two S corporations, and an S corporation and a regular corporation, if the same persons own more than 20% of the value of the outstanding stock of each corporation. It 1040ez Two partnerships if the same persons own, directly or indirectly, more than 20% of the capital or profits interests in both partnerships. It 1040ez A partnership and a person who owns, directly or indirectly, more than 20% of the capital or profits interests in the partnership. It 1040ez Two persons who are engaged in trades or businesses under common control (as described in section 41(f)(1) of the Internal Revenue Code). It 1040ez When to determine relationship. It 1040ez   Persons are treated as related if the relationship existed at the following time. It 1040ez In the case of a single transaction, immediately before or immediately after the transaction in which the intangible was acquired. It 1040ez In the case of a series of related transactions (or a series of transactions that comprise a qualified stock purchase under section 338(d)(3) of the Internal Revenue Code), immediately before the earliest transaction or immediately after the last transaction. It 1040ez Ownership of stock. It 1040ez   In determining whether an individual directly or indirectly owns any of the outstanding stock of a corporation, the following rules apply. It 1040ez Rule 1. It 1040ez   Stock directly or indirectly owned by or for a corporation, partnership, estate, or trust is considered owned proportionately by or for its shareholders, partners, or beneficiaries. It 1040ez Rule 2. It 1040ez   An individual is considered to own the stock directly or indirectly owned by or for his or her family. It 1040ez Family includes only brothers and sisters, half-brothers and half-sisters, spouse, ancestors, and lineal descendants. It 1040ez Rule 3. It 1040ez   An individual owning (other than by applying Rule 2) any stock in a corporation is considered to own the stock directly or indirectly owned by or for his or her partner. It 1040ez Rule 4. It 1040ez   For purposes of applying Rule 1, 2, or 3, treat stock constructively owned by a person under Rule 1 as actually owned by that person. It 1040ez Do not treat stock constructively owned by an individual under Rule 2 or 3 as owned by the individual for reapplying Rule 2 or 3 to make another person the constructive owner of the stock. It 1040ez Gain-recognition exception. It 1040ez   This exception to the anti-churning rules applies if the person you acquired the intangible from (the transferor) meets both of the following requirements. It 1040ez That person would not be related to you (as described under Related person , earlier) if the 20% test for ownership of stock and partnership interests were replaced by a 50% test. It 1040ez That person chose to recognize gain on the disposition of the intangible and pay income tax on the gain at the highest tax rate. It 1040ez See chapter 2 in Publication 544 for information on making this choice. It 1040ez   If this exception applies, the anti-churning rules apply only to the amount of your adjusted basis in the intangible that is more than the gain recognized by the transferor. It 1040ez Notification. It 1040ez   If the person you acquired the intangible from chooses to recognize gain under the rules for this exception, that person must notify you in writing by the due date of the return on which the choice is made. It 1040ez Anti-abuse rule. It 1040ez   You cannot amortize any section 197 intangible acquired in a transaction for which the principal purpose was either of the following. It 1040ez To avoid the requirement that the intangible be acquired after August 10, 1993. It 1040ez To avoid any of the anti-churning rules. It 1040ez More information. It 1040ez   For more information about the anti-churning rules, including additional rules for partnerships, see Regulations section 1. It 1040ez 197-2(h). It 1040ez Incorrect Amount of Amortization Deducted If you later discover that you deducted an incorrect amount for amortization for a section 197 intangible in any year, you may be able to make a correction for that year by filing an amended return. It 1040ez See Amended Return , next. It 1040ez If you are not allowed to make the correction on an amended return, you can change your accounting method to claim the correct amortization. It 1040ez See Changing Your Accounting Method , later. It 1040ez Amended Return If you deducted an incorrect amount for amortization, you can file an amended return to correct the following. It 1040ez A mathematical error made in any year. It 1040ez A posting error made in any year. It 1040ez An amortization deduction for a section 197 intangible for which you have not adopted a method of accounting. It 1040ez When to file. It 1040ez   If an amended return is allowed, you must file it by the later of the following dates. It 1040ez 3 years from the date you filed your original return for the year in which you did not deduct the correct amount. It 1040ez (A return filed early is considered filed on the due date. It 1040ez ) 2 years from the time you paid your tax for that year. It 1040ez Changing Your Accounting Method Generally, you must get IRS approval to change your method of accounting. It 1040ez File Form 3115, Application for Change in Accounting Method, to request a change to a permissible method of accounting for amortization. It 1040ez The following are examples of a change in method of accounting for amortization. It 1040ez A change in the amortization method, period of recovery, or convention of an amortizable asset. It 1040ez A change in the accounting for amortizable assets from a single asset account to a multiple asset account (pooling), or vice versa. It 1040ez A change in the accounting for amortizable assets from one type of multiple asset account to a different type of multiple asset account. It 1040ez Changes in amortization that are not a change in method of accounting include the following: A change in computing amortization in the tax year in which your use of the asset changes. It 1040ez An adjustment in the useful life of an amortizable asset. It 1040ez Generally, the making of a late amortization election or the revocation of a timely valid amortization election. It 1040ez Any change in the placed-in-service date of an amortizable asset. It 1040ez See Regulations section 1. It 1040ez 446-1(e)(2)(ii)(a) for more information and examples. It 1040ez Automatic approval. It 1040ez   In some instances, you may be able to get automatic approval from the IRS to change your method of accounting for amortization. It 1040ez For a list of automatic accounting method changes, see the Instructions for Form 3115. It 1040ez Also see the Instructions for Form 3115 for more information on getting approval, automatic approval procedures, and a list of exceptions to the automatic approval process. It 1040ez For more information, see Revenue Procedure 2006-12, as modified by Revenue Procedure 2006-37, and Revenue Procedure 2008-52, as amplified, clarified, and modified by Revenue Procedure 2009-39, as clarified and modified by Revenue Procedure 2011-14, as modified and amplified by Revenue Procedure 2011-22, as modified by Revenue Procedure 2012-39, or any successor. It 1040ez See Revenue Procedure 2006-12, 2006-3 I. It 1040ez R. It 1040ez B. It 1040ez 310, available at  www. It 1040ez irs. It 1040ez gov/irb/2006-03_IRB/ar14. It 1040ez html. It 1040ez  See Revenue Procedure 2006-37, 2006-38 I. It 1040ez R. It 1040ez B. It 1040ez 499, available at  www. It 1040ez irs. It 1040ez gov/irb/2006-38_IRB/ar10. It 1040ez html. It 1040ez  See Revenue Procedure 2008-52, 2008-36 I. It 1040ez R. It 1040ez B. It 1040ez 587, available at www. It 1040ez irs. It 1040ez gov/irb/2008-36_IRB/ar09. It 1040ez html. It 1040ez  See Revenue Procedure 2009-39, 2009-38 I. It 1040ez R. It 1040ez B. It 1040ez 371, available at  www. It 1040ez irs. It 1040ez gov/irb/2009-38_IRB/ar08. It 1040ez html. It 1040ez  See Revenue Procedure 2011-14, 2011-4 I. It 1040ez R. It 1040ez B. It 1040ez 330, available at  www. It 1040ez irs. It 1040ez gov/irb/2011-04_IRB/ar08. It 1040ez html. It 1040ez  See Revenue Procedure 2011-22, 2011-18 I. It 1040ez R. It 1040ez B. It 1040ez 737, available at  www. It 1040ez irs. It 1040ez gov/irb/2011-18_IRB/ar08. It 1040ez html. It 1040ez Also, see Revenue Procedure 2012-39, 2012-41 I. It 1040ez R. It 1040ez B. It 1040ez 470 available at www. It 1040ez irs. It 1040ez gov/irb/2012-41_IRB/index. It 1040ez html. It 1040ez Disposition of Section 197 Intangibles A section 197 intangible is treated as depreciable property used in your trade or business. It 1040ez If you held the intangible for more than 1 year, any gain on its disposition, up to the amount of allowable amortization, is ordinary income (section 1245 gain). It 1040ez If multiple section 197 intangibles are disposed of in a single transaction or a series of related transactions, treat all of the section 197 intangibles as if they were a single asset for purposes of determining the amount of gain that is ordinary income. It 1040ez Any remaining gain, or any loss, is a section 1231 gain or loss. It 1040ez If you held the intangible 1 year or less, any gain or loss on its disposition is an ordinary gain or loss. It 1040ez For more information on ordinary or capital gain or loss on business property, see chapter 3 in Publication 544. It 1040ez Nondeductible loss. It 1040ez   You cannot deduct any loss on the disposition or worthlessness of a section 197 intangible that you acquired in the same transaction (or series of related transactions) as other section 197 intangibles you still have. It 1040ez Instead, increase the adjusted basis of each remaining amortizable section 197 intangible by a proportionate part of the nondeductible loss. It 1040ez Figure the increase by multiplying the nondeductible loss on the disposition of the intangible by the following fraction. It 1040ez The numerator is the adjusted basis of each remaining intangible on the date of the disposition. It 1040ez The denominator is the total adjusted bases of all remaining amortizable section 197 intangibles on the date of the disposition. It 1040ez Covenant not to compete. It 1040ez   A covenant not to compete, or similar arrangement, is not considered disposed of or worthless before you dispose of your entire interest in the trade or business for which you entered into the covenant. It 1040ez Nonrecognition transfers. It 1040ez   If you acquire a section 197 intangible in a nonrecognition transfer, you are treated as the transferor with respect to the part of your adjusted basis in the intangible that is not more than the transferor's adjusted basis. It 1040ez You amortize this part of the adjusted basis over the intangible's remaining amortization period in the hands of the transferor. It 1040ez Nonrecognition transfers include transfers to a corporation, partnership contributions and distributions, like-kind exchanges, and involuntary conversions. It 1040ez   In a like-kind exchange or involuntary conversion of a section 197 intangible, you must continue to amortize the part of your adjusted basis in the acquired intangible that is not more than your adjusted basis in the exchanged or converted intangible over the remaining amortization period of the exchanged or converted intangible. It 1040ez Amortize over a new 15-year period the part of your adjusted basis in the acquired intangible that is more than your adjusted basis in the exchanged or converted intangible. It 1040ez Example. It 1040ez You own a section 197 intangible you have amortized for 4 full years. It 1040ez It has a remaining unamortized basis of $30,000. It 1040ez You exchange the asset plus $10,000 for a like-kind section 197 intangible. It 1040ez The nonrecognition provisions of like-kind exchanges apply. It 1040ez You amortize $30,000 of the $40,000 adjusted basis of the acquired intangible over the 11 years remaining in the original 15-year amortization period for the transferred asset. It 1040ez You amortize the other $10,000 of adjusted basis over a new 15-year period. It 1040ez For more information, see Regulations section 1. It 1040ez 197-2(g). It 1040ez Reforestation Costs You can elect to deduct a limited amount of reforestation costs paid or incurred during the tax year. It 1040ez See Reforestation Costs in chapter 7. It 1040ez You can elect to amortize the qualifying costs that are not deducted currently over an 84-month period. It 1040ez There is no limit on the amount of your amortization deduction for reforestation costs paid or incurred during the tax year. It 1040ez The election to amortize reforestation costs incurred by a partnership, S corporation, or estate must be made by the partnership, corporation, or estate. It 1040ez A partner, shareholder, or beneficiary cannot make that election. It 1040ez A partner's or shareholder's share of amortizable costs is figured under the general rules for allocating items of income, loss, deduction, etc. It 1040ez , of a partnership or S corporation. It 1040ez The amortizable costs of an estate are divided between the estate and the income beneficiary based on the income of the estate allocable to each. It 1040ez Qualifying costs. It 1040ez   Reforestation costs are the direct costs of planting or seeding for forestation or reforestation. It 1040ez Qualifying costs include only those costs you must capitalize and include in the adjusted basis of the property. It 1040ez They include costs for the following items. It 1040ez Site preparation. It 1040ez Seeds or seedlings. It 1040ez Labor. It 1040ez Tools. It 1040ez Depreciation on equipment used in planting and seeding. It 1040ez Qualifying costs do not include costs for which the government reimburses you under a cost-sharing program, unless you include the reimbursement in your income. It 1040ez Qualified timber property. It 1040ez   Qualified timber property is property that contains trees in significant commercial quantities. It 1040ez It can be a woodlot or other site that you own or lease. It 1040ez The property qualifies only if it meets all of the following requirements. It 1040ez It is located in the United States. It 1040ez It is held for the growing and cutting of timber you will either use in, or sell for use in, the commercial production of timber products. It 1040ez It consists of at least one acre planted with tree seedlings in the manner normally used in forestation or reforestation. It 1040ez Qualified timber property does not include property on which you have planted shelter belts or ornamental trees, such as Christmas trees. It 1040ez Amortization period. It 1040ez   The 84-month amortization period starts on the first day of the first month of the second half of the tax year you incur the costs (July 1 for a calendar year taxpayer), regardless of the month you actually incur the costs. It 1040ez You can claim amortization deductions for no more than 6 months of the first and last (eighth) tax years of the period. It 1040ez Life tenant and remainderman. It 1040ez   If one person holds the property for life with the remainder going to another person, the life tenant is entitled to the full amortization for qualifying reforestation costs incurred by the life tenant. It 1040ez Any remainder interest in the property is ignored for amortization purposes. It 1040ez Recapture. It 1040ez   If you dispose of qualified timber property within 10 years after the tax year you incur qualifying reforestation expenses, report any gain as ordinary income up to the amortization you took. It 1040ez See chapter 3 of Publication 544 for more information. It 1040ez How to make the election. It 1040ez   To elect to amortize qualifying reforestation costs, complete Part VI of Form 4562 and attach a statement that contains the following information. It 1040ez A description of the costs and the dates you incurred them. It 1040ez A description of the type of timber being grown and the purpose for which it is grown. It 1040ez Attach a separate statement for each property for which you amortize reforestation costs. It 1040ez   Generally, you must make the election on a timely filed return (including extensions) for the tax year in which you incurred the costs. It 1040ez 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). It 1040ez Attach Form 4562 and the statement to the amended return and write “Filed pursuant to section 301. It 1040ez 9100-2” on Form 4562. It 1040ez File the amended return at the same address you filed the original return. It 1040ez Revoking the election. It 1040ez   You must get IRS approval to revoke your election to amortize qualifying reforestation costs. It 1040ez Your application to revoke the election must include your name, address, the years for which your election was in effect, and your reason for revoking it. It 1040ez Please provide your daytime telephone number (optional), in case we need to contact you. It 1040ez You, or your duly authorized representative, must sign the application and file it at least 90 days before the due date (without extensions) for filing your income tax return for the first tax year for which your election is to end. It 1040ez    Send the application to: Internal Revenue Service Associate Chief Counsel Passthroughs and Special Industries CC:PSI:6 1111 Constitution Ave. It 1040ez NW, IR-5300 Washington, DC 20224 Geological and Geophysical Costs You can amortize the cost of geological and geophysical expenses paid or incurred in connection with oil and gas exploration or development within the United States. It 1040ez These costs can be amortized ratably over a 24-month period beginning on the mid-point of the tax year in which the expenses were paid or incurred. It 1040ez For major integrated oil companies (as defined in section 167(h)(5)), these costs must be amortized ratably over a 5-year period for costs paid or incurred after May 17, 2006 (a 7-year period for costs paid or incurred after December 19, 2007). It 1040ez If you retire or abandon the property during the amortization period, no amortization deduction is allowed in the year of retirement or abandonment. It 1040ez Pollution Control Facilities You can elect to amortize the cost of a certified pollution control facility over 60 months. It 1040ez However, see Atmospheric pollution control facilities for an exception. It 1040ez The cost of a pollution control facility that is not eligible for amortization can be depreciated under the regular rules for depreciation. It 1040ez Also, you can claim a special depreciation allowance on a certified pollution control facility that is qualified property even if you elect to amortize its cost. It 1040ez You must reduce its cost (amortizable basis) by the amount of any special allowance you claim. It 1040ez See chapter 3 of Publication 946. It 1040ez A certified pollution control facility is a new identifiable treatment facility used in connection with a plant or other property in operation before 1976, to reduce or control water or atmospheric pollution or contamination. It 1040ez The facility must do so by removing, changing, disposing, storing, or preventing the creation or emission of pollutants, contaminants, wastes, or heat. It 1040ez The facility must be certified by state and federal certifying authorities. It 1040ez The facility must not significantly increase the output or capacity, extend the useful life, or reduce the total operating costs of the plant or other property. It 1040ez Also, it must not significantly change the nature of the manufacturing or production process or facility. It 1040ez The federal certifying authority will not certify your property to the extent it appears you will recover (over the property's useful life) all or part of its cost from the profit based on its operation (such as through sales of recovered wastes). It 1040ez The federal certifying authority will describe the nature of the potential cost recovery. It 1040ez You must then reduce the amortizable basis of the facility by this potential recovery. It 1040ez New identifiable treatment facility. It 1040ez   A new identifiable treatment facility is tangible depreciable property that is identifiable as a treatment facility. It 1040ez It does not include a building and its structural components unless the building is exclusively a treatment facility. It 1040ez Atmospheric pollution control facilities. It 1040ez   Certain atmospheric pollution control facilities can be amortized over 84 months. It 1040ez To qualify, the following must apply. It 1040ez The facility must be acquired and placed in service after April 11, 2005. It 1040ez If acquired, the original use must begin with you after April 11, 2005. It 1040ez The facility must be used in connection with an electric generation plant or other property placed in operation after December 31, 1975, that is primarily coal fired. It 1040ez If you construct, reconstruct, or erect the facility, only the basis attributable to the construction, reconstruction, or erection completed after April 11, 2005, qualifies. It 1040ez Basis reduction for corporations. It 1040ez   A corporation must reduce the amortizable basis of a pollution control facility by 20% before figuring the amortization deduction. It 1040ez More information. It 1040ez   For more information on the amortization of pollution control facilities, see Code sections 169 and 291(c) and the related regulations. It 1040ez Research and Experimental Costs You can elect to amortize your research and experimental costs, deduct them as current business expenses, or write them off over a 10-year period (see Optional write-off method below). It 1040ez If you elect to amortize these costs, deduct them in equal amounts over 60 months or more. It 1040ez The amortization period begins the month you first receive an economic benefit from the costs. It 1040ez For a definition of “research and experimental costs” and information on deducting them as current business expenses, see chapter 7. It 1040ez Optional write-off method. It 1040ez   Rather than amortize these costs or deduct them as a current expense, you have the option of deducting (writing off) research and experimental costs ratably over a 10-year period beginning with the tax year in which you incurred the costs. It 1040ez For more information, see Optional Write-off of Certain Tax Preferences , later, and section 59(e) of the Internal Revenue Code. It 1040ez Costs you can amortize. It 1040ez   You can amortize costs chargeable to a capital account (see chapter 1) if you meet both of the following requirements. It 1040ez You paid or incurred the costs in your trade or business. It 1040ez You are not deducting the costs currently. It 1040ez How to make the election. It 1040ez   To elect to amortize research and experimental costs, complete Part VI of Form 4562 and attach it to your income tax return. It 1040ez Generally, you must file the return by the due date (including extensions). It 1040ez 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). It 1040ez Attach Form 4562 to the amended return and write “Filed pursuant to section 301. It 1040ez 9100-2” on Form 4562. It 1040ez File the amended return at the same address you filed the original return. It 1040ez   Your election is binding for the year it is made and for all later years unless you obtain approval from the IRS to change to a different method. It 1040ez Optional Write-off of Certain Tax Preferences You can elect to amortize certain tax preference items over an optional period beginning in the tax year in which you incurred the costs. It 1040ez If you make this election, there is no AMT adjustment. It 1040ez The applicable costs and the optional recovery periods are as follows: Circulation costs — 3 years, Intangible drilling and development costs — 60 months, Mining exploration and development costs — 10 years, and Research and experimental costs — 10 years. It 1040ez How to make the election. It 1040ez   To elect to amortize qualifying costs over the optional recovery period, complete Part VI of Form 4562 and attach a statement containing the following information to your return for the tax year in which the election begins: Your name, address, and taxpayer identification number; and The type of cost and the specific amount of the cost for which you are making the election. It 1040ez   Generally, the election must be made on a timely filed return (including extensions) for the tax year in which you incurred the costs. It 1040ez 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). It 1040ez Attach Form 4562 to the amended return and write “Filed pursuant to section 301. It 1040ez 9100-2” on Form 4562. It 1040ez File the amended return at the same address you filed the original return. It 1040ez Revoking the election. It 1040ez   You must obtain consent from the IRS to revoke your election. It 1040ez Your request to revoke the election must be submitted to the IRS in the form of a letter ruling before the end of the tax year in which the optional recovery period ends. It 1040ez The request must contain all of the information necessary to demonstrate the rare and unusual circumstances that would justify granting revocation. It 1040ez If the request for revocation is approved, any unamortized costs are deductible in the year the revocation is effective. It 1040ez Prev  Up  Next   Home   More Online Publications
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Tulsa, OK

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It 1040ez Index A Additional Medicare Tax, Step 5. It 1040ez , Line 18. It 1040ez Address change, Change of address. It 1040ez Adjustments to income Estimated tax, Adjustments to income. It 1040ez Withholding allowances, Adjustments to income (worksheet line 4). It 1040ez Worksheet instructions, Deductions and Adjustments Worksheet, Net deductions and adjustments (worksheet line 8). It 1040ez AGI, AGI. It 1040ez Expected AGI, Expected AGI—Line 1 Aliens Nonresident aliens, Aliens Amended returns, Form Received After Filing, Amended returns. It 1040ez Annualized estimated tax worksheets, Worksheet 2-9. It 1040ez 2014 Annualized Estimated Tax Worksheet, Worksheet 2-9. It 1040ez 2014 Annualized Estimated Tax Worksheet(Continued) Annualized - Capital gains, Worksheet 2-12. It 1040ez 2014 Annualized Estimated Tax Worksheet—Line 12 Qualified Dividends and Capital Gain Tax Worksheet Annualized - Foreign Earned Income, Worksheet 2-13. It 1040ez 2014 Annualized Estimated Tax Worksheet—Line 12 Foreign Earned Income Tax Worksheet Annualized - Phaseout of itemized deductions, Worksheet 2-10. It 1040ez 2014 Annualized Estimated Tax Worksheet—Line 6 Phaseout of Itemized Deductions Annualized - Qualified dividends, Worksheet 2-12. It 1040ez 2014 Annualized Estimated Tax Worksheet—Line 12 Qualified Dividends and Capital Gain Tax Worksheet Annualized - Reduction of exemption amount, Worksheet 2-11. It 1040ez 2014 Annualized Estimated Tax Worksheet—Line 10 Reduction of Exemption Amount Annualized income installment method, Annualized Income Installment Method Capital gains worksheet, underpayment penalty, Worksheet 4-1. It 1040ez 2013 Form 2210, Schedule AI—Line 12 Qualified Dividends and Capital Gain Tax Worksheet Form 2210, Schedule AI, Annualized Income Installment Method (Schedule AI) Qualified dividends worksheet, underpayment penalty, Worksheet 4-1. It 1040ez 2013 Form 2210, Schedule AI—Line 12 Qualified Dividends and Capital Gain Tax Worksheet Underpayment penalty, (Schedule AI), Annualized Income Installment Method (Schedule AI) Annuities, Pensions and Annuities Assistance (see Tax help) B Backup withholding, Backup Withholding, Penalties. It 1040ez Credit against income tax, Backup withholding. It 1040ez C Capital gains and losses Annualized estimated tax, Tax on net capital gain. It 1040ez Estimated tax on net capital gain, Tax on net capital gain. It 1040ez Qualified dividends, Tax on qualified dividends and capital gains. It 1040ez Casualty and theft losses, Itemized deductions (worksheet line 1). It 1040ez Waiver of penalty, Waiver of Penalty Change of address, Change of address. It 1040ez Change of name, Name changed. It 1040ez Charitable contributions, Itemized deductions (worksheet line 1). It 1040ez Child and dependent care credit Personal Allowances Worksheet (Form W-4), Child and dependent care credit (worksheet line F). It 1040ez Child tax credit Personal Allowances Worksheet (Form W-4), Child tax credit (worksheet line G). It 1040ez Claim of right, Itemized deductions (worksheet line 1). It 1040ez Commodity credit corporation loans, Federal Payments Community property states, Community property states. It 1040ez Compensation, Salaries and Wages Independent contractors, backup withholding, Backup Withholding Supplemental wages, Supplemental Wages Tips, Tips Wages and salaries, Salaries and Wages Crediting of overpayment, Credit an Overpayment Credits 2013 withholding and estimated taxes, Credit for Withholding and Estimated Tax for 2013 Deductions and Adjustments Worksheet (Form W-4), Tax credits (worksheet line 5). It 1040ez Estimated tax against income tax, Estimated Tax Excess withholding on social security or railroad retirement taxes, Excess Social Security or Railroad Retirement Tax Withholding Expected taxes and credits, Expected Taxes and Credits— Lines 6–13c Withholding allowances, Tax credits (worksheet line 5). It 1040ez Withholding tax, credit for, Withholding Criminal penalties Willfully false or fraudulent Form W-4, Penalties Crop insurance payments, Federal Payments Cumulative wage method of withholding, Cumulative Wage Method D Deductions Home mortgage interest, Itemized deductions (worksheet line 1). It 1040ez Worksheet instructions, Deductions and Adjustments Worksheet Dependents Exemptions, Dependents. It 1040ez Disabled persons Impairment-related work expenses, Itemized deductions (worksheet line 1). It 1040ez Disaster Waiver of penalty, Waiver of Penalty Dividends Backup withholding, Backup Withholding Underreported, Underreported interest or dividends. It 1040ez Divorced taxpayers Estimated tax credit, Divorced Taxpayers Form W-4, Single. It 1040ez Domestic help, Household workers. It 1040ez Definition, Household workers. It 1040ez Withholding, Household workers. It 1040ez E Earned income credit (EIC), What's New for 2014 Eligible rollover distributions, Eligible Rollover Distributions Employee business expenses Accountable plans, Accountable plan. It 1040ez Nonaccountable plans, Nonaccountable plan. It 1040ez Reimbursements, Expense allowances. It 1040ez Employer Identification Numbers (EINs), Taxpayer identification number. It 1040ez Employers Excess withholding on social security and railroad retirement taxes, Two or more employers. It 1040ez , Employer's error. It 1040ez Repaying withheld tax, Repaying withheld tax. It 1040ez Tips, Tips Withholding rules, Rules Your Employer Must Follow Estate beneficiaries Underpayment penalty, Estate or trust payments of estimated tax. It 1040ez Estate tax Income in respect of a decedent, Itemized deductions (worksheet line 1). It 1040ez Estates Estimated tax, Estates and Trusts Estimated tax Adjustments to income, Adjustments to income. It 1040ez Aliens, Aliens, Nonresident aliens. It 1040ez Amended tax, Regular Installment Method Annualized income installment method, Annualized Income Installment Method Change in amount, Change in estimated tax. It 1040ez Change of address, Change of address. It 1040ez Change of name, Name changed. It 1040ez Credit against income tax, Estimated Tax Crediting of overpayment, Credit an Overpayment Divorced taxpayers, Divorced Taxpayers Estates and trusts, Estates and Trusts Exemptions, Exemptions—line 4. It 1040ez Expected AGI, Expected AGI—Line 1 Expected taxable income, Expected Taxable Income— Lines 2–5 Expected taxes and credits, Expected Taxes and Credits— Lines 6–13c Farmers and fishermen, Farmers and Fishermen, Farmers and fishermen. It 1040ez , Farmers and Fishermen Fiscal year taxpayers, Fiscal year taxpayers. It 1040ez Higher income individuals, Higher income taxpayers. It 1040ez How to figure, How To Figure Estimated Tax, How To Figure Each Payment How to pay, How To Pay Estimated Tax Instructions for Worksheet 2-9, annualized estimated tax, Instructions for the 2014 Annualized Estimated Tax Worksheet (Worksheet 2-9) Itemized deductions, Itemized deductions—line 2. It 1040ez Married taxpayers, Married Taxpayers Net capital gain, Tax on net capital gain. It 1040ez , Tax on net capital gain. It 1040ez No standard deduction, No standard deduction. It 1040ez Nonresident aliens, Nonresident aliens. It 1040ez Overpayment, Credit an Overpayment Payment vouchers, Pay by Check or Money Order Using the Estimated Tax Payment Voucher Payments not required, Estimated Tax Payments Not Required Regular installment method, Regular Installment Method Required annual payment, Required Annual Payment— Line 14c Self-employment income, Self-employment income. It 1040ez Separate returns, Separate Returns Sick pay, Estimated tax. It 1040ez Standard deduction, Standard deduction—line 2. It 1040ez , Line 7. It 1040ez Total estimated tax payments, Total Estimated Tax Payments Needed—Line 16a Types of taxes included, Introduction Underpayment penalty, Underpayment penalty. It 1040ez , Underpayment Penalty for 2013 When to pay, When To Pay Estimated Tax When to start payments, When To Start Who does not have to pay, Who Does Not Have To Pay Estimated Tax Who must pay, Who Must Pay Estimated Tax Estimated tax worksheets, Worksheets for Chapter 2, Worksheet 2-1. It 1040ez 2014 Estimated Tax Worksheet, Worksheet 2-2. It 1040ez 2014 Estimated Tax Worksheet—Line 1 Estimated Taxable Social Security and Railroad Retirement Benefits 2014 annualized estimated tax worksheet, Worksheet 2-9. It 1040ez 2014 Annualized Estimated Tax Worksheet Capital gains, tax on, Tax on net capital gain. It 1040ez Foreign earned income, Worksheet 2-8. It 1040ez 2014 Estimated Tax Worksheet—Line 6 Foreign Earned Income Tax Worksheet Form 1040-ES, Worksheet 2-1. It 1040ez 2014 Estimated Tax Worksheet Phaseout of itemized deductions, Worksheet 2-5. It 1040ez 2014 Estimated Tax Worksheet—Line 2 Phaseout of Itemized Deductions Railroad retirement benefits, Worksheet 2-2. It 1040ez 2014 Estimated Tax Worksheet—Line 1 Estimated Taxable Social Security and Railroad Retirement Benefits Reduction of exemption amount, Worksheet 2-6. It 1040ez 2014 Estimated Tax Worksheet—Line 4 Reduction of Exemption Amount Self-employment tax, Worksheet 2-3. It 1040ez 2014 Estimated Tax Worksheet—Lines 1 and 11 Estimated Self-Employment Tax and Deduction Worksheet Social security benefits, Worksheet 2-2. It 1040ez 2014 Estimated Tax Worksheet—Line 1 Estimated Taxable Social Security and Railroad Retirement Benefits Standard deduction, Worksheet 2-4. It 1040ez 2014 Estimated Tax Worksheet—Line 2 Standard Deduction Worksheet Excess social security or railroad retirement tax withholding, Excess Social Security or Railroad Retirement Tax Withholding, How to claim refund of excess tier 2 RRTA. It 1040ez Nonrailroad employees worksheet, Worksheet for Nonrailroad Employees Railroad employees worksheets, Worksheets for Railroad Employees Exemption from withholding, Exemption From Withholding Claiming, Claiming exemption from withholding. It 1040ez Good for only one year, An exemption is good for only 1 year. It 1040ez Itemized deductions, Itemizing deductions or claiming exemptions or credits. It 1040ez Students, Students. It 1040ez Exemptions, Line 10. It 1040ez Dependents, Dependents. It 1040ez Expected taxable income, Exemptions—line 4. It 1040ez Personal Allowances Worksheet, Exemptions (worksheet lines A, C, and D). It 1040ez Self, Self. It 1040ez Spouse, Spouse. It 1040ez Withholding allowances, Withholding Allowances Expenses, Itemized deductions (worksheet line 1). It 1040ez Allowances, Expense allowances. It 1040ez F Farmers Estimated tax, Special Rules, Farmers and fishermen. It 1040ez , Farmers and Fishermen Fiscal years, Fiscal year farmers and fishermen. It 1040ez Gross income, Gross income from farming. It 1040ez Joint returns, Joint returns. It 1040ez Required annual payment, Farmers and fishermen. It 1040ez Underpayment penalty, Farmers and fishermen. It 1040ez , Farmers and Fishermen Waiver of underpayment penalty, Farmers and fishermen. It 1040ez Withholding for farmworkers, Farmworkers. It 1040ez Figures Tables and figures (see Tables and figures) Fiscal years Estimated tax, Fiscal year taxpayers. It 1040ez Farmers and fishermen, Fiscal year farmers and fishermen. It 1040ez Withholding tax credit, Fiscal Years (FY) Fishermen Estimated tax, Special Rules, Farmers and fishermen. It 1040ez , Farmers and Fishermen Fiscal years, Fiscal year farmers and fishermen. It 1040ez Gross income, Gross income from fishing. It 1040ez Joint returns, Joint returns. It 1040ez Required annual payment, Farmers and fishermen. It 1040ez Underpayment penalty, Farmers and fishermen. It 1040ez , Farmers and Fishermen Waiver of underpayment penalty, Farmers and fishermen. It 1040ez Form 1040-ES, Introduction, How To Pay Estimated Tax Form 1040-ES (NR), Aliens Form 1040X, Form Received After Filing Form 1041-ES, Estates and Trusts Form 1099 series, Backup Withholding, The 1099 Series Form 2210, Form 2210. It 1040ez , Figuring Your Required Annual Payment (Part I) Form 2210-F, Form 2210-F. It 1040ez Form W-2, Form W-2 Form W-2c, Form Not Correct Form W-2G, Form W-2G. It 1040ez , Form W-2G Form W-4 worksheets, Completing Form W-4 and Worksheets Completing of, Completing Form W-4 and Worksheets Deductions and adjustments worksheet, Deductions and Adjustments Worksheet IRS withholding calculator, IRS Withholding Calculator. It 1040ez Number of allowances claimed, Only one job (worksheet line B). It 1040ez Two-Earners/Multiple Jobs Worksheet, Two-Earners/Multiple Jobs Worksheet Withholding allowances, Completing Form W-4 and Worksheets, Form W-4 worksheets. It 1040ez Form W-4, Employee's Allowance Withholding Certificate, Determining Amount of Tax Withheld Using Form W-4 Form W-4P, Periodic Payments Form W-4S, Form W-4S. It 1040ez Form W-4V, Unemployment Compensation Form W-7, Taxpayer identification number. It 1040ez Form W-9, Withholding rules. It 1040ez Fraud Form W-4 statements, Penalties Free tax services, Free help with your tax return. It 1040ez Fringe benefits, Taxable Fringe Benefits, More information. It 1040ez G Gambling Form W-2G, Form W-2G Losses, Itemized deductions (worksheet line 1). It 1040ez , Form W-2G Winnings, Form W-2G Gross income, Gross income. It 1040ez Farming, Gross income from farming. It 1040ez Fishing, Gross income from fishing. It 1040ez H Head of household Personal Allowances Worksheet, Head of household filing status (worksheet line E). It 1040ez Withholding allowance, Head of household filing status (worksheet line E). It 1040ez Help (see Tax help) Higher income individuals Required annual payment, Higher income taxpayers. It 1040ez Underpayment penalty, Higher income taxpayers. It 1040ez Household workers, Household workers. It 1040ez I Individual retirement arrangements (IRAs), Pensions and Annuities (see also Pensions) Interest income Backup withholding, Backup Withholding Underreported, Underreported interest or dividends. It 1040ez IRS withholding calculator, IRS Withholding Calculator. It 1040ez Itemized deductions Deductions and Adjustments Worksheet, Itemized deductions (worksheet line 1). It 1040ez Estimated tax, expected taxable income, Itemized deductions—line 2. It 1040ez Exemption from withholding, Itemizing deductions or claiming exemptions or credits. It 1040ez Gambling losses, Itemized deductions (worksheet line 1). It 1040ez , Form W-2G J Joint returns Excess withholding on social security and railroad retirement taxes, Joint returns. It 1040ez Farmers and fishermen, Joint returns. It 1040ez Underpayment penalty, 2012 separate returns and 2013 joint return. It 1040ez M Marital status Form W-4 worksheet, Marital Status Withholding rate, Marital Status Married taxpayers, Joint returns. It 1040ez (see also Joint returns) Estimated tax, Married Taxpayers Marital status, Married. It 1040ez Withholding allowances, Married individuals. It 1040ez Medical and dental expenses, Itemized deductions (worksheet line 1). It 1040ez Military retirement pay, Military retirees. It 1040ez , Periodic Payments Missing children, photographs of, Reminders Multiple jobs Excess social security and railroad retirement withholding, Excess Social Security or Railroad Retirement Tax Withholding Withholding allowances, Multiple jobs. It 1040ez N Name change, Name changed. It 1040ez Net investment income tax, Step 5. It 1040ez , Line 18. It 1040ez NIIT, Step 5. It 1040ez , Line 18. It 1040ez Noncitizens Estimated tax, Aliens Withholding, Single. It 1040ez , Employees who are not citizens or residents. It 1040ez Nonqualified deferred compensation, Periodic Payments Nonresident aliens Estimated tax, Aliens, Nonresident aliens. It 1040ez Individual taxpayer identification numbers (ITINs), Taxpayer identification number. It 1040ez O Overpayment Crediting to estimated tax, Credit an Overpayment P Part-year method of withholding, Part-Year Method Patronage dividends Backup withholding, Backup Withholding Payment vouchers, Pay by Check or Money Order Using the Estimated Tax Payment Voucher Penalties Backup withholding, Penalties. It 1040ez Underpayment of estimated tax, Underpayment Penalty for 2013 Waiver of underpayment penalty, Waiver of Penalty Willfully false or fraudulent Form W-4, Penalties Withholding allowances, Penalties Pensions, Pensions and Annuities New job, Employee also receiving pension income. It 1040ez Rollovers, Eligible Rollover Distributions Wages and salaries withholding rules compared, Withholding rules. It 1040ez Personal Allowances Worksheet, Personal Allowances Worksheet, Total personal allowances (worksheet line H). It 1040ez Publications (see Tax help) R Railroad retirement benefits Choosing to withhold, Federal Payments Railroad retirement tax Excess withholding, Excess Social Security or Railroad Retirement Tax Withholding, Worksheets for Railroad Employees Refund claims (tier 2), How to claim refund of excess tier 2 RRTA. It 1040ez Regular installment method, estimated tax, Regular Installment Method Reimbursements, Expense allowances. It 1040ez Excess, Accountable plan. It 1040ez Reporting Fringe benefits, How your employer reports your benefits. It 1040ez Gambling winnings, Information to give payer. It 1040ez Tips to employer, Reporting tips to your employer. It 1040ez Required annual payment, Required Annual Payment— Line 14c, Example. It 1040ez Retirement plans Pension plans, Pensions and Annuities Pensions, Pensions and Annuities Rollovers, Eligible Rollover Distributions State or local deferred compensation plan payments, Periodic Payments Rollovers, Eligible Rollover Distributions Royalties Backup withholding, Backup Withholding S Salaries, Salaries and Wages Saturday, Sunday, holiday rule, Saturday, Sunday, holiday rule. It 1040ez Self-employment tax, Self-employment income. It 1040ez Separate returns Estimated tax credit, Separate Returns Underpayment penalty, 2012 joint return and 2013 separate returns. It 1040ez Withholding tax credit, Separate Returns Sick pay, Sick Pay, Estimated tax. It 1040ez Single marital status, Single. It 1040ez Social security benefits Choosing to withhold, Federal Payments Social security taxes Excess withholding, Excess Social Security or Railroad Retirement Tax Withholding Taxpayer identification numbers (TINs), Taxpayer identification number. It 1040ez Withholding obligation, Reminders Spouse, Marital Status (see also Married taxpayers) Exemption, Spouse. It 1040ez Marital status, Marital Status Personal Allowances Worksheet, Spouse. It 1040ez Standard deduction, Standard deduction—line 2. It 1040ez , Line 7. It 1040ez State and local income taxes and property taxes, Itemized deductions (worksheet line 1). It 1040ez State or local deferred compensation plan payments, Periodic Payments Students, Students. It 1040ez Supplemental wages, Supplemental Wages T Tables and figures Do you have to pay estimated tax? (Figure 2-A), Exemption from withholding on Form W-4 (Figure 1-A), Railroad retirement, maximum withholding (Table 3-2), Table 3-2. It 1040ez Maximum Social Security and RRTA Withholding for 2013 Social security, maximum withholding (Table 3-2), Table 3-2. It 1040ez Maximum Social Security and RRTA Withholding for 2013 Worksheets, where to find, Worksheets for Chapter 2 Tax help, How To Get Tax Help Tax Rate Schedules, 2014 Tax Rate Schedules Taxpayer identification numbers (TINs), Taxpayer identification number. It 1040ez Tips, Tips, More information. It 1040ez Total income, Total income. It 1040ez Trust beneficiaries Underpayment penalty, Estate or trust payments of estimated tax. It 1040ez TTY/TDD information, How To Get Tax Help Two-Earners/Multiple Jobs Worksheet, Two-Earners/Multiple Jobs Worksheet U Underpayment penalty, Underpayment Penalty for 2013, Worksheet for Form 2210, Part IV, Section B—Figuring the Penalty Actual withholding method, Actual withholding method. It 1040ez Amended estimated tax, Underpayment penalty. It 1040ez Amended returns, Amended returns. It 1040ez Annualized income installment method, Annualized Income Installment Method (Schedule AI) Beneficiaries of estates and trusts, Estate or trust payments of estimated tax. It 1040ez Capital gains (Worksheet 4-1), Worksheet 4-1. It 1040ez 2013 Form 2210, Schedule AI—Line 12 Qualified Dividends and Capital Gain Tax Worksheet Exceptions, Exceptions Farmers and fishermen, Farmers and fishermen. It 1040ez , Farmers and Fishermen, Farmers and fishermen. It 1040ez Figuring, IRS can figure the penalty for you. It 1040ez , Short Method for Figuring the Penalty (Part III), Regular Method for Figuring the Penalty (Part IV) Higher income individuals, Higher income taxpayers. It 1040ez Joint returns, 2012 separate returns and 2013 joint return. It 1040ez Lowering or eliminating, Lowering or eliminating the penalty. It 1040ez Minimum required each period, Minimum required each period. It 1040ez No penalty, No penalty. It 1040ez No tax liability last year exception, No Tax Liability Last Year Paid through withholding, Paid through withholding. It 1040ez , Actual withholding method. It 1040ez Penalty figured for each period, Penalty figured separately for each period. It 1040ez Penalty thresholds, General Rule Qualified dividends (Worksheet 4-1), Worksheet 4-1. It 1040ez 2013 Form 2210, Schedule AI—Line 12 Qualified Dividends and Capital Gain Tax Worksheet Required annual payment, Figuring Your Required Annual Payment (Part I) Schedule AI, Annualized Income Installment Method (Schedule AI) Separate returns, 2012 joint return and 2013 separate returns. It 1040ez Waiver, Waiver of Penalty When charged, When penalty is charged. It 1040ez Unemployment compensation, Unemployment Compensation, Form 1099-G. It 1040ez W Wages and salaries, Salaries and Wages Waiver of penalty, Waiver of Penalty Withholding Allowances, Withholding Allowances, Alternative method of figuring withholding allowances. It 1040ez , Only one job (worksheet line B). It 1040ez Personal Allowances Worksheet, Personal Allowances Worksheet Amended returns, Form Received After Filing Amount of tax withheld, Form W-4, Determining Amount of Tax Withheld Using Form W-4 Annuities, Pensions and Annuities Backup withholding, Backup Withholding Changing, Changing Your Withholding Checking amount of, Checking Your Withholding Choosing not to withhold, Choosing Not To Have Income Tax Withheld Community property states, Community property states. It 1040ez Credit against income tax, Withholding Cumulative wage method, Cumulative Wage Method Deductions and adjustments worksheet, Deductions and Adjustments Worksheet Divorced taxpayers, Single. It 1040ez Domestic help, Household workers. It 1040ez Employers' rules, Rules Your Employer Must Follow Estimated tax, Withholding—line 15. It 1040ez Excess social security and railroad retirement taxes, Excess Social Security or Railroad Retirement Tax Withholding Exemption from, Exemption From Withholding Farmworkers, Farmworkers. It 1040ez Fiscal years, Fiscal Years (FY) Form received after filing, Form Received After Filing Form W-2, Form W-2 Form W-2c, Form Not Correct Form W-2G, Form W-2G. It 1040ez , Form W-2G Form W-4, Determining Amount of Tax Withheld Using Form W-4 Fringe benefits, Taxable Fringe Benefits Gambling winnings, Gambling Winnings, Backup withholding on gambling winnings. It 1040ez , Form W-2G Getting right amount of tax withheld, Getting the Right Amount of Tax Withheld, IRS Withholding Calculator. It 1040ez Household workers, Household workers. It 1040ez Marital status, Marital Status Married taxpayers, Married. It 1040ez , Married individuals. It 1040ez Multiple jobs, Multiple jobs. It 1040ez Noncitizens, Single. It 1040ez , Employees who are not citizens or residents. It 1040ez Nonperiodic payments, Nonperiodic Payments Part-year method, Part-Year Method Penalties, Penalties Pensions, Pensions and Annuities Periodic payments, Periodic Payments Railroad retirement benefits, Federal Payments Repaying withheld tax, Repaying withheld tax. It 1040ez Rollovers, Eligible Rollover Distributions Salaries and wages, Salaries and Wages Separate returns, Separate Returns Sick pay, Sick Pay Single taxpayers, Single. It 1040ez Social security (FICA) tax, Reminders, Federal Payments Tips, Tips Types of income, Introduction, Salaries and Wages Underpayment penalty, Paid through withholding. It 1040ez , Actual withholding method. It 1040ez Unemployment compensation, Unemployment Compensation Worksheet for Form 2210, Part IV, Section B-Figure the Penalty Penalty Worksheet, Worksheet for Form 2210, Part IV, Section B—Figuring the Penalty Worksheets (blank) Annualized - Capital gains (Worksheet 2-12), Worksheet 2-12. It 1040ez 2014 Annualized Estimated Tax Worksheet—Line 12 Qualified Dividends and Capital Gain Tax Worksheet Annualized - Foreign Earned Income (Worksheet 2-13), Worksheet 2-13. It 1040ez 2014 Annualized Estimated Tax Worksheet—Line 12 Foreign Earned Income Tax Worksheet Annualized - Phaseout of itemized deductions (Worksheet 2-10), Worksheet 2-10. It 1040ez 2014 Annualized Estimated Tax Worksheet—Line 6 Phaseout of Itemized Deductions Annualized - Qualified dividends (Worksheet 2-12), Worksheet 2-12. It 1040ez 2014 Annualized Estimated Tax Worksheet—Line 12 Qualified Dividends and Capital Gain Tax Worksheet Annualized - Reduction of exemption amount (Worksheet 2-11), Worksheet 2-11. It 1040ez 2014 Annualized Estimated Tax Worksheet—Line 10 Reduction of Exemption Amount Annualized estimated tax (Worksheet 2-9), Worksheet 2-9. It 1040ez 2014 Annualized Estimated Tax Worksheet, Worksheet 2-9. It 1040ez 2014 Annualized Estimated Tax Worksheet(Continued) Capital gains tax worksheet Worksheet 4-1, Worksheet 4-1. It 1040ez 2013 Form 2210, Schedule AI—Line 12 Qualified Dividends and Capital Gain Tax Worksheet Dependents (age 65 or older or blind) exemption from withholding (Worksheet 1-4), Worksheet 1-4. It 1040ez Exemption From Withholding for Dependents Age 65 or Older or Blind Estimated tax worksheets (Worksheet 2-1), Worksheet 2-1. It 1040ez 2014 Estimated Tax Worksheet Foreign earned income (Worksheet 2-8), Worksheet 2-8. It 1040ez 2014 Estimated Tax Worksheet—Line 6 Foreign Earned Income Tax Worksheet Phaseout of itemized deductions (Worksheet 2-5), Worksheet 2-5. It 1040ez 2014 Estimated Tax Worksheet—Line 2 Phaseout of Itemized Deductions Qualified dividends Worksheet 4-1, Worksheet 4-1. It 1040ez 2013 Form 2210, Schedule AI—Line 12 Qualified Dividends and Capital Gain Tax Worksheet Railroad retirement benefits (Worksheet 2-2), Worksheet 2-2. It 1040ez 2014 Estimated Tax Worksheet—Line 1 Estimated Taxable Social Security and Railroad Retirement Benefits Reduction of exemption amount (Worksheet 2-6), Worksheet 2-6. It 1040ez 2014 Estimated Tax Worksheet—Line 4 Reduction of Exemption Amount Self-employment tax and deduction (Worksheet 2-3), Worksheet 2-3. It 1040ez 2014 Estimated Tax Worksheet—Lines 1 and 11 Estimated Self-Employment Tax and Deduction Worksheet Social security benefits (Worksheet 2-2), Worksheet 2-2. It 1040ez 2014 Estimated Tax Worksheet—Line 1 Estimated Taxable Social Security and Railroad Retirement Benefits Standard deduction (Worksheet 2-4), Worksheet 2-4. It 1040ez 2014 Estimated Tax Worksheet—Line 2 Standard Deduction Worksheet Prev  Up     Home   More Online Publications