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Military Taxes

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Military Taxes

Military taxes 2. Military taxes   Depreciation of Rental Property Table of Contents The BasicsWhat Rental Property Can Be Depreciated? When Does Depreciation Begin and End? Depreciation Methods Basis of Depreciable Property Claiming the Special Depreciation Allowance MACRS DepreciationDepreciation Systems Property Classes Under GDS Recovery Periods Under GDS Conventions Figuring Your Depreciation Deduction Figuring MACRS Depreciation Under ADS Claiming the Correct Amount of Depreciation You recover the cost of income producing property through yearly tax deductions. Military taxes You do this by depreciating the property; that is, by deducting some of the cost each year on your tax return. Military taxes Three factors determine how much depreciation you can deduct each year: (1) your basis in the property, (2) the recovery period for the property, and (3) the depreciation method used. Military taxes You cannot simply deduct your mortgage or principal payments, or the cost of furniture, fixtures and equipment, as an expense. Military taxes You can deduct depreciation only on the part of your property used for rental purposes. Military taxes Depreciation reduces your basis for figuring gain or loss on a later sale or exchange. Military taxes You may have to use Form 4562 to figure and report your depreciation. Military taxes See Which Forms To Use in chapter 3. Military taxes Also see Publication 946. Military taxes Section 179 deduction. Military taxes   The section 179 deduction is a means of recovering part or all of the cost of certain qualifying property in the year you place the property in service. Military taxes This deduction is not allowed for property used in connection with residential rental property. Military taxes See chapter 2 of Publication 946. Military taxes Alternative minimum tax (AMT). Military taxes   If you use accelerated depreciation, you may be subject to the AMT. Military taxes Accelerated depreciation allows you to deduct more depreciation earlier in the recovery period than you could deduct using a straight line method (same deduction each year). Military taxes   The prescribed depreciation methods for rental real estate are not accelerated, so the depreciation deduction is not adjusted for the AMT. Military taxes However, accelerated methods are generally used for other property connected with rental activities (for example, appliances and wall-to-wall carpeting). Military taxes   To find out if you are subject to the AMT, see the Instructions for Form 6251. Military taxes The Basics The following section discusses the information you will need to have about the rental property and the decisions to be made before figuring your depreciation deduction. Military taxes What Rental Property Can Be Depreciated? You can depreciate your property if it meets all the following requirements. Military taxes You own the property. Military taxes You use the property in your business or income-producing activity (such as rental property). Military taxes The property has a determinable useful life. Military taxes The property is expected to last more than one year. Military taxes Property you own. Military taxes   To claim depreciation, you usually must be the owner of the property. Military taxes You are considered as owning property even if it is subject to a debt. Military taxes Rented property. Military taxes   Generally, if you pay rent for property, you cannot depreciate that property. Military taxes Usually, only the owner can depreciate it. Military taxes However, if you make permanent improvements to leased property, you may be able to depreciate the improvements. Military taxes See Additions or improvements to property , later in this chapter, under Recovery Periods Under GDS. Military taxes Cooperative apartments. Military taxes   If you are a tenant-stockholder in a cooperative housing corporation and rent your cooperative apartment to others, you can deduct depreciation on your stock in the corporation. Military taxes See chapter 4, Special Situations. Military taxes Property having a determinable useful life. Military taxes   To be depreciable, your property must have a determinable useful life. Military taxes This means that it must be something that wears out, decays, gets used up, becomes obsolete, or loses its value from natural causes. Military taxes What Rental Property Cannot Be Depreciated? Certain property cannot be depreciated. Military taxes This includes land and certain excepted property. Military taxes Land. Military taxes   You cannot depreciate the cost of land because land generally does not wear out, become obsolete, or get used up. Military taxes But if it does, the loss is accounted for upon disposition. Military taxes The costs of clearing, grading, planting, and landscaping are usually all part of the cost of land and cannot be depreciated. Military taxes   Although you cannot depreciate land, you can depreciate certain land preparation costs, such as landscaping costs, incurred in preparing land for business use. Military taxes These costs must be so closely associated with other depreciable property that you can determine a life for them along with the life of the associated property. Military taxes Example. Military taxes You built a new house to use as a rental and paid for grading, clearing, seeding, and planting bushes and trees. Military taxes Some of the bushes and trees were planted right next to the house, while others were planted around the outer border of the lot. Military taxes If you replace the house, you would have to destroy the bushes and trees right next to it. Military taxes These bushes and trees are closely associated with the house, so they have a determinable useful life. Military taxes Therefore, you can depreciate them. Military taxes Add your other land preparation costs to the basis of your land because they have no determinable life and you cannot depreciate them. Military taxes Excepted property. Military taxes   Even if the property meets all the requirements listed earlier under What Rental Property Can Be Depreciated , you cannot depreciate the following property. Military taxes Property placed in service and disposed of (or taken out of business use) in the same year. Military taxes Equipment used to build capital improvements. Military taxes You must add otherwise allowable depreciation on the equipment during the period of construction to the basis of your improvements. Military taxes For more information, see chapter 1 of Publication 946. Military taxes When Does Depreciation Begin and End? You begin to depreciate your rental property when you place it in service for the production of income. Military taxes You stop depreciating it either when you have fully recovered your cost or other basis, or when you retire it from service, whichever happens first. Military taxes Placed in Service You place property in service in a rental activity when it is ready and available for a specific use in that activity. Military taxes Even if you are not using the property, it is in service when it is ready and available for its specific use. Military taxes Example 1. Military taxes On November 22 of last year, you purchased a dishwasher for your rental property. Military taxes The appliance was delivered on December 7, but was not installed and ready for use until January 3 of this year. Military taxes Because the dishwasher was not ready for use last year, it is not considered placed in service until this year. Military taxes If the appliance had been installed and ready for use when it was delivered in December of last year, it would have been considered placed in service in December, even if it was not actually used until this year. Military taxes Example 2. Military taxes On April 6, you purchased a house to use as residential rental property. Military taxes You made extensive repairs to the house and had it ready for rent on July 5. Military taxes You began to advertise the house for rent in July and actually rented it beginning September 1. Military taxes The house is considered placed in service in July when it was ready and available for rent. Military taxes You can begin to depreciate the house in July. Military taxes Example 3. Military taxes You moved from your home in July. Military taxes During August and September you made several repairs to the house. Military taxes On October 1, you listed the property for rent with a real estate company, which rented it on December 1. Military taxes The property is considered placed in service on October 1, the date when it was available for rent. Military taxes Conversion to business use. Military taxes   If you place property in service in a personal activity, you cannot claim depreciation. Military taxes However, if you change the property's use to business or the production of income, you can begin to depreciate it at the time of the change. Military taxes You place the property in service for business or income-producing use on the date of the change. Military taxes Example. Military taxes You bought a house and used it as your personal home several years before you converted it to rental property. Military taxes Although its specific use was personal and no depreciation was allowable, you placed the home in service when you began using it as your home. Military taxes You can begin to claim depreciation in the year you converted it to rental property because at that time its use changed to the production of income. Military taxes Idle Property Continue to claim a deduction for depreciation on property used in your rental activity even if it is temporarily idle (not in use). Military taxes For example, if you must make repairs after a tenant moves out, you still depreciate the rental property during the time it is not available for rent. Military taxes Cost or Other Basis Fully Recovered You must stop depreciating property when the total of your yearly depreciation deductions equals your cost or other basis of your property. Military taxes For this purpose, your yearly depreciation deductions include any depreciation that you were allowed to claim, even if you did not claim it. Military taxes See Basis of Depreciable Property , later. Military taxes Retired From Service You stop depreciating property when you retire it from service, even if you have not fully recovered its cost or other basis. Military taxes You retire property from service when you permanently withdraw it from use in a trade or business or from use in the production of income because of any of the following events. Military taxes You sell or exchange the property. Military taxes You convert the property to personal use. Military taxes You abandon the property. Military taxes The property is destroyed. Military taxes Depreciation Methods Generally, you must use the Modified Accelerated Cost Recovery System (MACRS) to depreciate residential rental property placed in service after 1986. Military taxes If you placed rental property in service before 1987, you are using one of the following methods. Military taxes ACRS (Accelerated Cost Recovery System) for property placed in service after 1980 but before 1987. Military taxes Straight line or declining balance method over the useful life of property placed in service before 1981. Military taxes See MACRS Depreciation , later, for more information. Military taxes Rental property placed in service before 2013. Military taxes   Continue to use the same method of figuring depreciation that you used in the past. Military taxes Use of real property changed. Military taxes   Generally, you must use MACRS to depreciate real property that you acquired for personal use before 1987 and changed to business or income-producing use after 1986. Military taxes This includes your residence that you changed to rental use. Military taxes See Property Owned or Used in 1986 in Publication 946, chapter 1, for those situations in which MACRS is not allowed. Military taxes Improvements made after 1986. Military taxes   Treat an improvement made after 1986 to property you placed in service before 1987 as separate depreciable property. Military taxes As a result, you can depreciate that improvement as separate property under MACRS if it is the type of property that otherwise qualifies for MACRS depreciation. Military taxes For more information about improvements, see Additions or improvements to property , later in this chapter under Recovery Periods Under GDS. Military taxes This publication discusses MACRS depreciation only. Military taxes If you need information about depreciating property placed in service before 1987, see Publication 534. Military taxes Basis of Depreciable Property The basis of property used in a rental activity is generally its adjusted basis when you place it in service in that activity. Military taxes This is its cost or other basis when you acquired it, adjusted for certain items occurring before you place it in service in the rental activity. Military taxes If you depreciate your property under MACRS, you may also have to reduce your basis by certain deductions and credits with respect to the property. Military taxes Basis and adjusted basis are explained in the following discussions. Military taxes If you used the property for personal purposes before changing it to rental use, its basis for depreciation is the lesser of its adjusted basis or its fair market value when you change it to rental use. Military taxes See Basis of Property Changed to Rental Use in chapter 4. Military taxes Cost Basis The basis of property you buy is usually its cost. Military taxes The cost is the amount you pay for it in cash, in debt obligation, in other property, or in services. Military taxes Your cost also includes amounts you pay for: Sales tax charged on the purchase (but see Exception next), Freight charges to obtain the property, and Installation and testing charges. Military taxes Exception. Military taxes   If you deducted state and local general sales taxes as an itemized deduction on Schedule A (Form 1040), do not include those sales taxes as part of your cost basis. Military taxes Such taxes were deductible before 1987 and after 2003. Military taxes Loans with low or no interest. Military taxes   If you buy property on any time-payment plan that charges little or no interest, the basis of your property is your stated purchase price, less the amount considered to be unstated interest. Military taxes See Unstated Interest and Original Issue Discount (OID) in Publication 537, Installment Sales. Military taxes Real property. Military taxes   If you buy real property, such as a building and land, certain fees and other expenses you pay are part of your cost basis in the property. Military taxes Real estate taxes. Military taxes   If you buy real property and agree to pay real estate taxes on it that were owed by the seller and the seller does not reimburse you, the taxes you pay are treated as part of your basis in the property. Military taxes You cannot deduct them as taxes paid. Military taxes   If you reimburse the seller for real estate taxes the seller paid for you, you can usually deduct that amount. Military taxes Do not include that amount in your basis in the property. Military taxes Settlement fees and other costs. Military taxes   The following settlement fees and closing costs for buying the property are part of your basis in the property. Military taxes Abstract fees. Military taxes Charges for installing utility services. Military taxes Legal fees. Military taxes Recording fees. Military taxes Surveys. Military taxes Transfer taxes. Military taxes Title insurance. Military taxes Any amounts the seller owes that you agree to pay, such as back taxes or interest, recording or mortgage fees, charges for improvements or repairs, and sales commissions. Military taxes   The following are settlement fees and closing costs you cannot include in your basis in the property. Military taxes Fire insurance premiums. Military taxes Rent or other charges relating to occupancy of the property before closing. Military taxes Charges connected with getting or refinancing a loan, such as: Points (discount points, loan origination fees), Mortgage insurance premiums, Loan assumption fees, Cost of a credit report, and Fees for an appraisal required by a lender. Military taxes   Also, do not include amounts placed in escrow for the future payment of items such as taxes and insurance. Military taxes Assumption of a mortgage. Military taxes   If you buy property and become liable for an existing mortgage on the property, your basis is the amount you pay for the property plus the amount remaining to be paid on the mortgage. Military taxes Example. Military taxes You buy a building for $60,000 cash and assume a mortgage of $240,000 on it. Military taxes Your basis is $300,000. Military taxes Separating cost of land and buildings. Military taxes   If you buy buildings and your cost includes the cost of the land on which they stand, you must divide the cost between the land and the buildings to figure the basis for depreciation of the buildings. Military taxes The part of the cost that you allocate to each asset is the ratio of the fair market value of that asset to the fair market value of the whole property at the time you buy it. Military taxes   If you are not certain of the fair market values of the land and the buildings, you can divide the cost between them based on their assessed values for real estate tax purposes. Military taxes Example. Military taxes You buy a house and land for $200,000. Military taxes The purchase contract does not specify how much of the purchase price is for the house and how much is for the land. Military taxes The latest real estate tax assessment on the property was based on an assessed value of $160,000, of which $136,000 was for the house and $24,000 was for the land. Military taxes You can allocate 85% ($136,000 ÷ $160,000) of the purchase price to the house and 15% ($24,000 ÷ $160,000) of the purchase price to the land. Military taxes Your basis in the house is $170,000 (85% of $200,000) and your basis in the land is $30,000 (15% of $200,000). Military taxes Basis Other Than Cost You cannot use cost as a basis for property that you received: In return for services you performed; In an exchange for other property; As a gift; From your spouse, or from your former spouse as the result of a divorce; or As an inheritance. Military taxes If you received property in one of these ways, see Publication 551 for information on how to figure your basis. Military taxes Adjusted Basis To figure your property's basis for depreciation, you may have to make certain adjustments (increases and decreases) to the basis of the property for events occurring between the time you acquired the property and the time you placed it in service for business or the production of income. Military taxes The result of these adjustments to the basis is the adjusted basis. Military taxes Increases to basis. Military taxes   You must increase the basis of any property by the cost of all items properly added to a capital account. Military taxes These include the following. Military taxes The cost of any additions or improvements made before placing your property into service as a rental that have a useful life of more than 1 year. Military taxes Amounts spent after a casualty to restore the damaged property. Military taxes The cost of extending utility service lines to the property. Military taxes Legal fees, such as the cost of defending and perfecting title, or settling zoning issues. Military taxes Additions or improvements. Military taxes   Add to the basis of your property the amount an addition or improvement actually cost you, including any amount you borrowed to make the addition or improvement. Military taxes This includes all direct costs, such as material and labor, but does not include your own labor. Military taxes It also includes all expenses related to the addition or improvement. Military taxes   For example, if you had an architect draw up plans for remodeling your property, the architect's fee is a part of the cost of the remodeling. Military taxes Or, if you had your lot surveyed to put up a fence, the cost of the survey is a part of the cost of the fence. Military taxes   Keep separate accounts for depreciable additions or improvements made after you place the property in service in your rental activity. Military taxes For information on depreciating additions or improvements, see Additions or improvements to property , later in this chapter, under Recovery Periods Under GDS. Military taxes    The cost of landscaping improvements is usually treated as an addition to the basis of the land, which is not depreciable. Military taxes However, see What Rental Property Cannot Be Depreciated, earlier. Military taxes Assessments for local improvements. Military taxes   Assessments for items which tend to increase the value of property, such as streets and sidewalks, must be added to the basis of the property. Military taxes For example, if your city installs curbing on the street in front of your house, and assesses you and your neighbors for its cost, you must add the assessment to the basis of your property. Military taxes Also add the cost of legal fees paid to obtain a decrease in an assessment levied against property to pay for local improvements. Military taxes You cannot deduct these items as taxes or depreciate them. Military taxes    However, you can deduct as taxes, charges or assessments for maintenance, repairs, or interest charges related to the improvements. Military taxes Do not add them to your basis in the property. Military taxes Deducting vs. Military taxes capitalizing costs. Military taxes   Do not add to your basis costs you can deduct as current expenses. Military taxes However, there are certain costs you can choose either to deduct or to capitalize. Military taxes If you capitalize these costs, include them in your basis. Military taxes If you deduct them, do not include them in your basis. Military taxes   The costs you may choose to deduct or capitalize include carrying charges, such as interest and taxes, that you must pay to own property. Military taxes   For more information about deducting or capitalizing costs and how to make the election, see Carrying Charges in Publication 535, chapter 7. Military taxes Decreases to basis. Military taxes   You must decrease the basis of your property by any items that represent a return of your cost. Military taxes These include the following. Military taxes Insurance or other payment you receive as the result of a casualty or theft loss. Military taxes Casualty loss not covered by insurance for which you took a deduction. Military taxes Amount(s) you receive for granting an easement. Military taxes Residential energy credits you were allowed before 1986, or after 2005, if you added the cost of the energy items to the basis of your home. Military taxes Exclusion from income of subsidies for energy conservation measures. Military taxes Special depreciation allowance claimed on qualified property. Military taxes Depreciation you deducted, or could have deducted, on your tax returns under the method of depreciation you chose. Military taxes If you did not deduct enough or deducted too much in any year, see Depreciation under Decreases to Basis in Publication 551. Military taxes   If your rental property was previously used as your main home, you must also decrease the basis by the following. Military taxes Gain you postponed from the sale of your main home before May 7, 1997, if the replacement home was converted to your rental property. Military taxes District of Columbia first-time homebuyer credit allowed on the purchase of your main home after August 4, 1997 and before January 1, 2012. Military taxes Amount of qualified principal residence indebtedness discharged on or after January 1, 2007. Military taxes Claiming the Special Depreciation Allowance For 2013, your residential rental property may qualify for a special depreciation allowance. Military taxes This allowance is figured before you figure your regular depreciation deduction. Military taxes See Publication 946, chapter 3, for details. Military taxes Also see the Instructions for Form 4562, Line 14. Military taxes If you qualify for, but choose not to take, a special depreciation allowance, you must attach a statement to your return. Military taxes The details of this election are in Publication 946, chapter 3, and the Instructions for Form 4562, Line 14. Military taxes MACRS Depreciation Most business and investment property placed in service after 1986 is depreciated using MACRS. Military taxes This section explains how to determine which MACRS depreciation system applies to your property. Military taxes It also discusses other information you need to know before you can figure depreciation under MACRS. Military taxes This information includes the property's: Recovery class, Applicable recovery period, Convention, Placed-in-service date, Basis for depreciation, and Depreciation method. Military taxes Depreciation Systems MACRS consists of two systems that determine how you depreciate your property—the General Depreciation System (GDS) and the Alternative Depreciation System (ADS). Military taxes You must use GDS unless you are specifically required by law to use ADS or you elect to use ADS. Military taxes Excluded Property You cannot use MACRS for certain personal property (such as furniture or appliances) placed in service in your rental property in 2013 if it had been previously placed in service before 1987 when MACRS became effective. Military taxes In most cases, personal property is excluded from MACRS if you (or a person related to you) owned or used it in 1986 or if your tenant is a person (or someone related to the person) who owned or used it in 1986. Military taxes However, the property is not excluded if your 2013 deduction under MACRS (using a half-year convention) is less than the deduction you would have under ACRS. Military taxes For more information, see What Method Can You Use To Depreciate Your Property? in Publication 946, chapter 1. Military taxes Electing ADS If you choose, you can use the ADS method for most property. Military taxes Under ADS, you use the straight line method of depreciation. Military taxes The election of ADS for one item in a class of property generally applies to all property in that class that is placed in service during the tax year of the election. Military taxes However, the election applies on a property-by-property basis for residential rental property and nonresidential real property. Military taxes If you choose to use ADS for your residential rental property, the election must be made in the first year the property is placed in service. Military taxes Once you make this election, you can never revoke it. Military taxes For property placed in service during 2013, you make the election to use ADS by entering the depreciation on Form 4562, Part III, Section C, line 20c. Military taxes Property Classes Under GDS Each item of property that can be depreciated under MACRS is assigned to a property class, determined by its class life. Military taxes The property class generally determines the depreciation method, recovery period, and convention. Military taxes The property classes under GDS are: 3-year property, 5-year property, 7-year property, 10-year property, 15-year property, 20-year property, Nonresidential real property, and Residential rental property. Military taxes Under MACRS, property that you placed in service during 2013 in your rental activities generally falls into one of the following classes. Military taxes 5-year property. Military taxes This class includes computers and peripheral equipment, office machinery (typewriters, calculators, copiers, etc. Military taxes ), automobiles, and light trucks. Military taxes This class also includes appliances, carpeting, furniture, etc. Military taxes , used in a residential rental real estate activity. Military taxes Depreciation on automobiles, other property used for transportation, computers and related peripheral equipment, and property of a type generally used for entertainment, recreation, or amusement is limited. Military taxes See chapter 5 of Publication 946. Military taxes 7-year property. Military taxes This class includes office furniture and equipment (desks, file cabinets, etc. Military taxes ). Military taxes This class also includes any property that does not have a class life and that has not been designated by law as being in any other class. Military taxes 15-year property. Military taxes This class includes roads, fences, and shrubbery (if depreciable). Military taxes Residential rental property. Military taxes This class includes any real property that is a rental building or structure (including a mobile home) for which 80% or more of the gross rental income for the tax year is from dwelling units. Military taxes It does not include a unit in a hotel, motel, inn, or other establishment where more than half of the units are used on a transient basis. Military taxes If you live in any part of the building or structure, the gross rental income includes the fair rental value of the part you live in. Military taxes The other property classes do not generally apply to property used in rental activities. Military taxes These classes are not discussed in this publication. Military taxes See Publication 946 for more information. Military taxes Recovery Periods Under GDS The recovery period of property is the number of years over which you recover its cost or other basis. Military taxes The recovery periods are generally longer under ADS than GDS. Military taxes The recovery period of property depends on its property class. Military taxes Under GDS, the recovery period of an asset is generally the same as its property class. Military taxes Class lives and recovery periods for most assets are listed in Appendix B of Publication 946. Military taxes See Table 2-1 for recovery periods of property commonly used in residential rental activities. Military taxes Qualified Indian reservation property. Military taxes   Shorter recovery periods are provided under MACRS for qualified Indian reservation property placed in service on Indian reservations. Military taxes For more information, see chapter 4 of Publication 946. Military taxes Additions or improvements to property. Military taxes   Treat additions or improvements you make to your depreciable rental property as separate property items for depreciation purposes. Military taxes   The property class and recovery period of the addition or improvement is the one that would apply to the original property if you had placed it in service at the same time as the addition or improvement. Military taxes   The recovery period for an addition or improvement to property begins on the later of: The date the addition or improvement is placed in service, or The date the property to which the addition or improvement was made is placed in service. Military taxes Example. Military taxes You own a residential rental house that you have been renting since 1986 and depreciating under ACRS. Military taxes You built an addition onto the house and placed it in service in 2013. Military taxes You must use MACRS for the addition. Military taxes Under GDS, the addition is depreciated as residential rental property over 27. Military taxes 5 years. Military taxes Table 2-1. Military taxes MACRS Recovery Periods for Property Used in Rental Activities   MACRS Recovery Period   Type of Property General Depreciation System Alternative Depreciation System   Computers and their peripheral equipment 5 years 5 years   Office machinery, such as: Typewriters Calculators Copiers 5 years 6 years   Automobiles 5 years 5 years   Light trucks 5 years 5 years   Appliances, such as: Stoves Refrigerators 5 years 9 years   Carpets 5 years 9 years   Furniture used in rental property 5 years 9 years   Office furniture and equipment, such as: Desks Files 7 years 10 years   Any property that does not have a class life and that has not been designated by law as being in any other class 7 years 12 years   Roads 15 years 20 years   Shrubbery 15 years 20 years   Fences 15 years 20 years   Residential rental property (buildings or structures) and structural components such as furnaces, waterpipes, venting, etc. Military taxes 27. Military taxes 5 years 40 years   Additions and improvements, such as a new roof The same recovery period as that of the property to which the addition or improvement is made, determined as if the property were placed in service at the same time as the addition or improvement. Military taxes   Conventions A convention is a method established under MACRS to set the beginning and end of the recovery period. Military taxes The convention you use determines the number of months for which you can claim depreciation in the year you place property in service and in the year you dispose of the property. Military taxes Mid-month convention. Military taxes    A mid-month convention is used for all residential rental property and nonresidential real property. Military taxes Under this convention, you treat all property placed in service, or disposed of, during any month as placed in service, or disposed of, at the midpoint of that month. Military taxes Mid-quarter convention. Military taxes   A mid-quarter convention must be used if the mid-month convention does not apply and the total depreciable basis of MACRS property placed in service in the last 3 months of a tax year (excluding nonresidential real property, residential rental property, and property placed in service and disposed of in the same year) is more than 40% of the total basis of all such property you place in service during the year. Military taxes   Under this convention, you treat all property placed in service, or disposed of, during any quarter of a tax year as placed in service, or disposed of, at the midpoint of the quarter. Military taxes Example. Military taxes During the tax year, Tom Martin purchased the following items to use in his rental property. Military taxes He elects not to claim the special depreciation allowance discussed earlier. Military taxes A dishwasher for $400 that he placed in service in January. Military taxes Used furniture for $100 that he placed in service in September. Military taxes A refrigerator for $800 that he placed in service in October. Military taxes Tom uses the calendar year as his tax year. Military taxes The total basis of all property placed in service that year is $1,300. Military taxes The $800 basis of the refrigerator placed in service during the last 3 months of his tax year exceeds $520 (40% × $1,300). Military taxes Tom must use the mid-quarter convention instead of the half-year convention for all three items. Military taxes Half-year convention. Military taxes    The half-year convention is used if neither the mid-quarter convention nor the mid-month convention applies. Military taxes Under this convention, you treat all property placed in service, or disposed of, during a tax year as placed in service, or disposed of, at the midpoint of that tax year. Military taxes   If this convention applies, you deduct a half year of depreciation for the first year and the last year that you depreciate the property. Military taxes You deduct a full year of depreciation for any other year during the recovery period. Military taxes Figuring Your Depreciation Deduction You can figure your MACRS depreciation deduction in one of two ways. Military taxes The deduction is substantially the same both ways. Military taxes You can either: Actually compute the deduction using the depreciation method and convention that apply over the recovery period of the property, or Use the percentage from the MACRS percentage tables. Military taxes In this publication we will use the percentage tables. Military taxes For instructions on how to compute the deduction, see chapter 4 of Publication 946. Military taxes Residential rental property. Military taxes   You must use the straight line method and a mid-month convention for residential rental property. Military taxes In the first year that you claim depreciation for residential rental property, you can claim depreciation only for the number of months the property is in use, and you must use the mid-month convention (explained under Conventions , earlier). Military taxes 5-, 7-, or 15-year property. Military taxes   For property in the 5- or 7-year class, use the 200% declining balance method and a half-year convention. Military taxes However, in limited cases you must use the mid-quarter convention, if it applies. Military taxes For property in the 15-year class, use the 150% declining balance method and a half-year convention. Military taxes   You can also choose to use the 150% declining balance method for property in the 5- or 7-year class. Military taxes The choice to use the 150% method for one item in a class of property applies to all property in that class that is placed in service during the tax year of the election. Military taxes You make this election on Form 4562. Military taxes In Part III, column (f), enter “150 DB. Military taxes ” Once you make this election, you cannot change to another method. Military taxes   If you use either the 200% or 150% declining balance method, you figure your deduction using the straight line method in the first tax year that the straight line method gives you an equal or larger deduction. Military taxes   You can also choose to use the straight line method with a half-year or mid-quarter convention for 5-, 7-, or 15-year property. Military taxes The choice to use the straight line method for one item in a class of property applies to all property in that class that is placed in service during the tax year of the election. Military taxes You elect the straight line method on Form 4562. Military taxes In Part III, column (f), enter “S/L. Military taxes ” Once you make this election, you cannot change to another method. Military taxes MACRS Percentage Tables You can use the percentages in Table 2-2, earlier, to compute annual depreciation under MACRS. Military taxes The tables show the percentages for the first few years or until the change to the straight line method is made. Military taxes See Appendix A of Publication 946 for complete tables. Military taxes The percentages in Tables 2-2a, 2-2b, and 2-2c make the change from declining balance to straight line in the year that straight line will give a larger deduction. Military taxes If you elect to use the straight line method for 5-, 7-, or 15-year property, or the 150% declining balance method for 5- or 7-year property, use the tables in Appendix A of Publication 946. Military taxes How to use the percentage tables. Military taxes   You must apply the table rates to your property's unadjusted basis (defined below) each year of the recovery period. Military taxes   Once you begin using a percentage table to figure depreciation, you must continue to use it for the entire recovery period unless there is an adjustment to the basis of your property for a reason other than: Depreciation allowed or allowable, or An addition or improvement that is depreciated as a separate item of property. Military taxes   If there is an adjustment for any reason other than (1) or (2), for example, because of a deductible casualty loss, you can no longer use the table. Military taxes For the year of the adjustment and for the remaining recovery period, figure depreciation using the property's adjusted basis at the end of the year and the appropriate depreciation method, as explained earlier under Figuring Your Depreciation Deduction . Military taxes See Figuring the Deduction Without Using the Tables in Publication 946, chapter 4. Military taxes Unadjusted basis. Military taxes   This is the same basis you would use to figure gain on a sale (see Basis of Depreciable Property , earlier), but without reducing your original basis by any MACRS depreciation taken in earlier years. Military taxes   However, you do reduce your original basis by other amounts claimed on the property, including: Any amortization, Any section 179 deduction, and Any special depreciation allowance. Military taxes For more information, see chapter 4 of Publication 946. Military taxes Please click here for the text description of the image. Military taxes Table 2-2 Tables 2-2a, 2-2b, and 2-2c. Military taxes   The percentages in these tables take into account the half-year and mid-quarter conventions. Military taxes Use Table 2-2a for 5-year property, Table 2-2b for 7-year property, and Table 2-2c for 15-year property. Military taxes Use the percentage in the second column (half-year convention) unless you are required to use the mid-quarter convention (explained earlier). Military taxes If you must use the mid-quarter convention, use the column that corresponds to the calendar year quarter in which you placed the property in service. Military taxes Example 1. Military taxes You purchased a stove and refrigerator and placed them in service in June. Military taxes Your basis in the stove is $600 and your basis in the refrigerator is $1,000. Military taxes Both are 5-year property. Military taxes Using the half-year convention column in Table 2-2a, the depreciation percentage for Year 1 is 20%. Military taxes For that year your depreciation deduction is $120 ($600 × . Military taxes 20) for the stove and $200 ($1,000 × . Military taxes 20) for the refrigerator. Military taxes For Year 2, the depreciation percentage is 32%. Military taxes That year's depreciation deduction will be $192 ($600 × . Military taxes 32) for the stove and $320 ($1,000 × . Military taxes 32) for the refrigerator. Military taxes Example 2. Military taxes Assume the same facts as in Example 1, except you buy the refrigerator in October instead of June. Military taxes Since the refrigerator was placed in service in the last 3 months of the tax year, and its basis ($1,000) is more than 40% of the total basis of all property placed in service during the year ($1,600 × . Military taxes 40 = $640), you are required to use the mid-quarter convention to figure depreciation on both the stove and refrigerator. Military taxes Because you placed the refrigerator in service in October, you use the fourth quarter column of Table 2-2a and find the depreciation percentage for Year 1 is 5%. Military taxes Your depreciation deduction for the refrigerator is $50 ($1,000 x . Military taxes 05). Military taxes Because you placed the stove in service in June, you use the second quarter column of Table 2-2a and find the depreciation percentage for Year 1 is 25%. Military taxes For that year, your depreciation deduction for the stove is $150 ($600 x . Military taxes 25). Military taxes Table 2-2d. Military taxes    Use this table when you are using the GDS 27. Military taxes 5 year option for residential rental property. Military taxes Find the row for the month that you placed the property in service. Military taxes Use the percentages listed for that month to figure your depreciation deduction. Military taxes The mid-month convention is taken into account in the percentages shown in the table. Military taxes Continue to use the same row (month) under the column for the appropriate year. Military taxes Example. Military taxes You purchased a single family rental house for $185,000 and placed it in service on February 8. Military taxes The sales contract showed that the building cost $160,000 and the land cost $25,000. Military taxes Your basis for depreciation is its original cost, $160,000. Military taxes This is the first year of service for your residential rental property and you decide to use GDS which has a recovery period of 27. Military taxes 5 years. Military taxes Using Table 2-2d, you find that the percentage for property placed in service in February of Year 1 is 3. Military taxes 182%. Military taxes That year's depreciation deduction is $5,091 ($160,000 x . Military taxes 03182). Military taxes Figuring MACRS Depreciation Under ADS Table 2–1, earlier, shows the ADS recovery periods for property used in rental activities. Military taxes See Appendix B in Publication 946 for other property. Military taxes If your property is not listed in Appendix B, it is considered to have no class life. Military taxes Under ADS, personal property with no class life is depreciated using a recovery period of 12 years. Military taxes Use the mid-month convention for residential rental property and nonresidential real property. Military taxes For all other property, use the half-year or mid-quarter convention, as appropriate. Military taxes See Publication 946 for ADS depreciation tables. Military taxes Claiming the Correct Amount of Depreciation You should claim the correct amount of depreciation each tax year. Military taxes If you did not claim all the depreciation you were entitled to deduct, you must still reduce your basis in the property by the full amount of depreciation that you could have deducted. Military taxes For more information, see Depreciation under Decreases to Basis in Publication 551. Military taxes If you deducted an incorrect amount of depreciation for property in any year, you may be able to make a correction by filing Form 1040X, Amended U. Military taxes S. Military taxes Individual Income Tax Return. Military taxes If you are not allowed to make the correction on an amended return, you can change your accounting method to claim the correct amount of depreciation. Military taxes Filing an amended return. Military taxes   You can file an amended return to correct the amount of depreciation claimed for any property in any of the following situations. Military taxes You claimed the incorrect amount because of a mathematical error made in any year. Military taxes You claimed the incorrect amount because of a posting error made in any year. Military taxes You have not adopted a method of accounting for property placed in service by you in tax years ending after December 29, 2003. Military taxes You claimed the incorrect amount on property placed in service by you in tax years ending before December 30, 2003. Military taxes   Generally, you adopt a method of accounting for depreciation by using a permissible method of determining depreciation when you file your first tax return for the property used in your rental activity. Military taxes This also occurs when you use the same impermissible method of determining depreciation (for example, using the wrong MACRS recovery period) in two or more consecutively filed tax returns. Military taxes   If an amended return is allowed, you must file it by the later of the following dates. Military taxes 3 years from the date you filed your original return for the year in which you did not deduct the correct amount. Military taxes A return filed before an unextended due date is considered filed on that due date. Military taxes 2 years from the time you paid your tax for that year. Military taxes Changing your accounting method. Military taxes   To change your accounting method, you generally must file Form 3115, Application for Change in Accounting Method, to get the consent of the IRS. Military taxes In some instances, that consent is automatic. Military taxes For more information, see Changing Your Accounting Method in Publication 946,  chapter 1. 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The Military Taxes

Military taxes Index A Acknowledgment of contributions, Acknowledgment of Charitable Contributions of $250 or More Adverse determination, Adverse determination. Military taxes Affordable Care Act Hospitals, What's New, New Requirements for section 501(c)(3) Hospitals Under the Affordable Care Act. Military taxes Aged, home for, Home for the aged. Military taxes Agricultural organization, Agricultural and Horticultural Organizations Airport, Other organizations. Military taxes Alumni association, Alumni association. Military taxes Amateur athletic organizations, Amateur Athletic Organizations Animals, prevention of cruelty to, Prevention of Cruelty to Children or Animals Appeal procedures, Appeal Procedures Application procedures, Application Procedures, Required Inclusions Bylaws, Bylaws. Military taxes Conformed copy, Conformed copy. Military taxes Description of activities, Description of activities. Military taxes Employer identification number, Required Inclusions Financial data, Financial data. Military taxes Organizing documents, Organizing documents. Military taxes Aquatic resources, Agricultural and Horticultural Organizations Articles of organization, Articles of Organization Assistance (see Tax help) Athletic organization, Athletic organization. Military taxes , Amateur Athletic Organizations Attorney's fees, Acceptance of attorneys' fees. Military taxes Attribution, special rules, Special rules of attribution. Military taxes B Black lung benefit trust, 501(c)(21) - Black Lung Benefit Trusts Board of trade, Board of trade. Military taxes Bureau defined, Bureau defined. Military taxes Burial benefit insurance, Burial and funeral benefit insurance organization. Military taxes Business income, unrelated, Unrelated Business Income Tax Return Business league, 501(c)(6) - Business Leagues, etc. Military taxes C Cemetery company, 501(c)(13) - Cemetery Companies Chamber of commerce, Chamber of commerce. Military taxes Change in legal structure, Organizational Changes and Exempt Status Charitable contributions, Acknowledgment of Charitable Contributions of $250 or More, Contributions to 501(c)(3) Organizations Charitable organization, Section 501(c)(3) Organizations, Charitable Organizations Charitable risk pools, Charitable Risk Pools Child care organization, Child care organizations. Military taxes Children, prevention of cruelty to, Prevention of Cruelty to Children or Animals Church, Churches. Military taxes Integrated auxiliaries, Integrated auxiliaries. Military taxes Civic leagues, 501(c)(4) - Civic Leagues and Social Welfare Organizations Clinic, Clinic. Military taxes CO-OP Health Insurance Issuers, 501(c)(29) - CO-OP Health Insurance Issuers College bookstore, restaurant, College book stores, cafeterias, restaurants, etc. Military taxes Comments, Comments and suggestions. Military taxes Community association, Other organizations. Military taxes Community nursing bureau, Community nursing bureau. Military taxes Community trust, Community Trusts Contributions, charitable, Acknowledgment of Charitable Contributions of $250 or More, Contributions to 501(c)(3) Organizations Court appeals, Appeal to Courts Credit union, 501(c)(14) - Credit Unions and Other Mutual Financial Organizations D Determination letter, Rulings and Determination Letters Disclosures, required, Disclosure of Quid Pro Quo Contributions Dues used for lobbying, Dues Used for Lobbying or Political Activities Nondeductible contributions, Solicitation of Nondeductible Contributions Quid pro quo contributions, Disclosure of Quid Pro Quo Contributions Services available from government, Penalties. Military taxes Dispositions of donated property, Donee Information Return Disqualified persons, Disqualified persons. Military taxes Domestic fraternal society, Domestic Fraternal Societies (501(c)(10)) Donor advised funds Excess benefit transaction, Donor advised fund transactions occurring after August 17, 2006. Military taxes Dues used for political or legislative activities, Dues Used for Lobbying or Political Activities, Deduction not allowed for dues used for political or legislative activities. Military taxes E Educational organizations, Educational Organizations, Educational organizations. Military taxes Employees' association, 501(c)(4), 501(c)(9), and 501(c)(17) - Employees' Associations Employment taxes, Employment Tax Returns Endowment fund, Endowment funds. Military taxes Estimated tax, Estimated tax. Military taxes Excess benefit transaction, Excess Benefit Transaction, Supporting organization transactions occurring after July 25, 2006. Military taxes Disqualified person, Tax on Disqualified Persons, Disqualified Person Controlled entity, 35%, 35% controlled entity. Military taxes Family members, Family members. Military taxes Substantial influence, Persons not considered to have substantial influence. Military taxes Disregarded benefits, Disregarded benefits. Military taxes Donor advised funds, Donor advised fund transactions occurring after August 17, 2006. Military taxes , Exception. Military taxes Excise tax, Excise tax on excess benefit transactions. Military taxes Initial contracts, Special Exception for Initial Contracts Reasonable compensation, Reasonable Compensation. Military taxes Rebuttable presumption, Rebuttable presumption that a transaction is not an excess benefit transaction. Military taxes Excise tax Black lung benefit trust, Excise taxes. Military taxes Lobbying expenditures, Tax on excess expenditures to influence legislation. Military taxes , Tax on disqualifying lobbying expenditures. Military taxes Political expenditures, Excise taxes on political expenditures. Military taxes Private foundations, Excise taxes on private foundations. Military taxes , Excise Taxes on Private Foundations Exempt function, Political Organization Income Tax Return Exempt purposes, Section 501(c)(3) Organizations Exemption for terrorist organization, Non-exemption for terrorist organizations. Military taxes Extensions of time, Extensions of time for filing. Military taxes F Facts and circumstances test, Facts and circumstances test. Military taxes Fair market value, estimate of, Good faith estimate of fair market value (FMV). Military taxes Filing requirements, Annual Information Returns Annual information returns, Annual Information Returns Donee information return, Donee Information Return Due date, Political Organization Income Tax Return Employment tax, Employment Tax Returns Excise tax, Excise taxes on private foundations. Military taxes , Excise Taxes on Private Foundations Political organization, Political Organization Income Tax Return Private foundations, Form 990-PF Unrelated business income, Unrelated Business Income Tax Return Form 990-N, Annual Electronic Filing Requirement for Small Tax-Exempt Organizations Forms, Forms Required 1023, Forms Required, Administrative Remedies, 270-day period. Military taxes , Information required for subordinate organizations. Military taxes , Annual Information Return, Form 1023. Military taxes , Organizations Not Required To File Form 1023, Private Schools, When to file application. Military taxes , Lobbying Expenditures, Volunteer fire companies. Military taxes 1024, Forms Required, Application made under wrong paragraph of section 501(c). Military taxes , Annual Information Return, 501(c)(4) - Civic Leagues and Social Welfare Organizations, 501(c)(6) - Business Leagues, etc. Military taxes , 501(c)(7) - Social and Recreation Clubs, 501(c)(8) and 501(c)(10) - Fraternal Beneficiary Societies and Domestic Fraternal Societies, Fraternal Beneficiary Societies (501(c)(8)), Domestic Fraternal Societies (501(c)(10)), Local Employees' Associations (501(c)(4)), Voluntary Employees' Beneficiary Associations (501(c)(9)), Supplemental Unemployment Benefit Trusts (501(c)(17)), 501(c)(13) - Cemetery Companies, 501(c)(19) - Veterans' Organizations, 501(c)(20) - Group Legal Services Plan Organizations, 501(c)(2) - Title-Holding Corporations for Single Parent Corporations, 501(c)(25) - Title-Holding Corporations or Trusts for Multiple Parent Corporations 1040, Effect on employees. Military taxes 1065, Annual Information Returns 1120–POL, Political Organization Income Tax Return 1128, Central organizations. Military taxes 2848, Power of attorney. Military taxes , Representation. Military taxes 4720, Tax on excess expenditures to influence legislation. Military taxes 5578, Certification. Military taxes 5768, Making the election. Military taxes 6069, Tax treatment of donations. Military taxes 8274, FICA tax exemption election. Military taxes 8282, Dispositions of donated property. Military taxes 8283, Form 8283. Military taxes 8300, Report of Cash Received 8718, Forms Required, Power of attorney. Military taxes 8821, Representation. Military taxes 8871, Reporting Requirements for a Political Organization, Annual Information Return 8872, Reporting Requirements for a Political Organization, Annual Information Return 990, Keeping the Group Exemption Letter in Force, Forms 990 and 990-EZ, Annual Information Return, Making the election. Military taxes 990-BL, Annual Information Returns, 990-EZ, Forms 990 and 990-EZ, Form 990-EZ. Military taxes 990-PF, Form 990-PF, Excise taxes on private foundations. Military taxes , Excise Taxes on Private Foundations 990-T, Unrelated Business Income Tax Return SS-4, Required Inclusions, Employer identification number. Military taxes W–2, Revoking the election. Military taxes Fraternal beneficiary society, Fraternal Beneficiary Societies (501(c)(8)) Fraternal societies, Organizations subject to requirements. Military taxes , 501(c)(8) and 501(c)(10) - Fraternal Beneficiary Societies and Domestic Fraternal Societies Free tax services, Free help with your tax return. Military taxes Funeral benefit insurance, Burial and funeral benefit insurance organization. Military taxes G Gifts and contributions, public charity, Gifts, contributions, and grants distinguished from gross receipts. Military taxes Good faith determinations, What's New, New organization. Military taxes Governmental unit, Governmental units. Military taxes Grant Distinguished from gross receipts, Grants. Military taxes Exclusion for unusual grant, Unusual grants. Military taxes , Unusual grants. Military taxes From public charity, Grants from public charities. Military taxes , Grants from public charities. Military taxes Grantor and contributor, reliance on ruling, Reliance by grantors and contributors. Military taxes Gross receipts from nonmembership sources, Gross receipts from nonmembership sources. Military taxes Group exemption letter, Group Exemption Letter H Health coverage organization, 501(c)(26) - State-Sponsored High-Risk Health Coverage Organizations Help (see Tax help) High-risk health coverage organization, 501(c)(26) - State-Sponsored High-Risk Health Coverage Organizations Home for the aged, Home for the aged. Military taxes Homeowners' association, Homeowners' associations. Military taxes Horticultural organization, Agricultural and Horticultural Organizations Hospital, Hospital. Military taxes , Hospitals and medical research organizations. Military taxes I Inactive organization, Organizational Changes and Exempt Status Industrial development, Other organizations. Military taxes Instrumentalities, Instrumentalities. Military taxes Insurance, organizations providing, Organizations Providing Insurance L Labor organization, Organizations subject to requirements. Military taxes , Labor Organizations Law, public interest, Public-interest law firms. Military taxes Legislative activity, Lobbying Expenditures, Legislative activity. Military taxes Listed transaction, Prohibited tax shelter transaction. Military taxes Literary organizations, Literary Organizations Loans, organizations providing, Organization providing loans. Military taxes Lobbying expenditures, Lobbying Expenditures Local benevolent life insurance associations, Local Life Insurance Associations Local employees' association, Local Employees' Associations (501(c)(4)) Lodge system, Lodge system. Military taxes M Medical research organization, Medical research organization. Military taxes Medicare and Medicaid payments, Medicare and Medicaid payments. Military taxes Membership fee, Membership fees. Military taxes , Membership fees distinguished from gross receipts. Military taxes Modification of exemption, Revocation or Modification of Exemption Mutual financial organization, 501(c)(14) - Credit Unions and Other Mutual Financial Organizations Mutual or cooperative association, Mutual or Cooperative Associations N Nursing bureau, Community nursing bureau. Military taxes O One-third support test, One-third support test. Military taxes Organization assets, Dedication and Distribution of Assets Dedication, Dedication. Military taxes Distribution, Distribution. Military taxes Organizational changes, Organizational Changes and Exempt Status P Penalties, Penalties for failure to file. Military taxes Failure to allow public inspection, Penalties Failure to disclose, Penalty for failure to disclose. Military taxes , Penalties. Military taxes , Penalty. Military taxes Failure to file, Penalties for failure to file. Military taxes Perpetual care organization, Perpetual care organization. Military taxes Political activity, Dues Used for Lobbying or Political Activities, Political activity. Military taxes , Political activity. Military taxes Political organization Income tax return, Political Organization Income Tax Return Taxable income, Political Organization Income Tax Return Power of attorney, Power of attorney. Military taxes Preferred stock, Common and preferred stock. Military taxes Prevention of cruelty to children or animals, Prevention of Cruelty to Children or Animals Private delivery service, Private delivery service. Military taxes Private foundations, Private Foundations Private operating foundation, Private Operating Foundations Private school, Private Schools, Racially Nondiscriminatory Policy Prohibited tax shelter transactions Entity managers, Entity manager. Military taxes Entity managers excise tax, Manager Level Tax Listed transaction, Prohibited tax shelter transaction. Military taxes Prohibited reportable transactions, Prohibited tax shelter transaction. Military taxes Subsequently listed transaction, Subsequently listed transaction. Military taxes Tax-exempt entities, Tax-exempt entities. Military taxes Public charity Gifts and contributions, Gifts, contributions, and grants distinguished from gross receipts. Military taxes Grant from, Grants from public charities. Military taxes Section 509(a)(1), Section 509(a)(1) Organizations Section 509(a)(2), Section 509(a)(2) Organizations Section 509(a)(3), Section 509(a)(3) Organizations Section 509(a)(4), Section 509(a)(4) Organizations Support test, One-third support test. Military taxes , One-third support test. Military taxes Public inspection Annual return, Annual Information Return Exemption applications, Public Inspection of Exemption Applications, Annual Returns, and Political Organization Reporting Forms Forms 8871 and 8872, Public Inspection of Exemption Applications, Annual Returns, and Political Organization Reporting Forms Public-interest law firm, Public-interest law firms. Military taxes Publications (see Tax help) Publicly supported organization, Publicly supported organizations. Military taxes , Qualifying as Publicly Supported Attraction of public support, Attraction of public support requirement. Military taxes Ten-percent-of-support, Ten-percent-of-support requirement. Military taxes R Racial composition, How to determine racial composition. Military taxes Racially nondiscriminatory policy, Racially Nondiscriminatory Policy Real estate board, Real estate board. Military taxes Recognition of exemption, application, Application for Recognition of Exemption Religious organizations, Religious Organizations Requests other than applications, Miscellaneous Procedures Responsiveness test, Responsiveness test. Military taxes Revocation of exemption, Revocation or Modification of Exemption Ruling letter, Rulings and Determination Letters S Scholarship Private school, Scholarship and loan programs. Military taxes Scholarships, Scholarships. Military taxes School, private, Private Schools Scientific organizations, Scientific Organizations Section 501(c)(3) organizations Amateur athletic, Amateur Athletic Organizations Literary, Literary Organizations Prevention of cruelty, Prevention of Cruelty to Children or Animals Private foundations, Private Foundations and Public Charities Public charities, Public Charities Qualifications, Section 501(c)(3) Organizations Religious, Religious Organizations Scientific, Scientific Organizations Section 501(c)(3) Organizations Charitable, Charitable Organizations Educational, Educational Organizations and Private Schools Single entity, Single entity. Military taxes Social clubs, Organizations subject to requirements. Military taxes , 501(c)(7) - Social and Recreation Clubs Social welfare organization, Organizations subject to requirements. Military taxes , 501(c)(4) - Civic Leagues and Social Welfare Organizations Specified organizations, Specified organizations. Military taxes Sports organization, amateur, Qualified amateur sports organization. Military taxes State-sponsored, 501(c)(26) - State-Sponsored High-Risk Health Coverage Organizations High-risk health coverage organization, 501(c)(26) - State-Sponsored High-Risk Health Coverage Organizations Workers' compensation reinsurance organization, 501(c)(27) - Qualified State-Sponsored Workers' Compensation Organizations Stock or commodity exchange, Stock or commodity exchange. Military taxes Suggestions, Comments and suggestions. Military taxes Supplemental unemployment benefit trust, Supplemental Unemployment Benefit Trusts (501(c)(17)) Support, Support. Military taxes , Support from a governmental unit. Military taxes , Support from the general public. Military taxes Support test, One-third support test. Military taxes Facts and circumstances, Facts and circumstances test. Military taxes One-third, One-third support test. Military taxes Public charity, One-third support test. Military taxes Supporting organization, Supporting organization transactions occurring after July 25, 2006. Military taxes T Tax help, Technical advice, Appeals Office Consideration Testing for public safety, Section 509(a)(4) Organizations Title-holding corporation, 501(c)(2) - Title-Holding Corporations for Single Parent Corporations U Unemployment benefit trust, Supplemental Unemployment Benefit Trusts (501(c)(17)) Unrelated business income, Unrelated Business Income Tax Return Unusual grants, Unusual grants. Military taxes , Unusual grants. Military taxes User fee, Power of attorney. Military taxes , User fee. Military taxes V Veterans' organization, 501(c)(19) - Veterans' Organizations Voluntary employees' beneficiary association, Voluntary Employees' Beneficiary Associations (501(c)(9)) Volunteer fire company, Volunteer fire companies. Military taxes W War veterans' organization, 501(c)(19) - Veterans' Organizations Withdrawal of application, Withdrawal of application. Military taxes Withholding information from public, Requests for withholding of information from the public. Military taxes Work Opportunity Tax Credit, Expanded Work Opportunity Tax Credit Available for Hiring Qualified Veterans. Military taxes Workers' compensation reinsurance organization, 501(c)(27) - Qualified State-Sponsored Workers' Compensation Organizations Prev  Up     Home   More Online Publications