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Tax 1040ez Publication 946 - Additional Material Table of Contents Appendix B — Table of Class Lives and Recovery PeriodsHow To Use the Tables This image is too large to be displayed in the current screen. Tax 1040ez Please click the link to view the image. Tax 1040ez Appendix A Please click here for the text description of the image. Tax 1040ez Table A-1 and A-2 Please click here for the text description of the image. Tax 1040ez Table A-3 and A-4 Please click here for the text description of the image. Tax 1040ez Table A-5 and A-6 This image is too large to be displayed in the current screen. Tax 1040ez Please click the link to view the image. Tax 1040ez Table A-7 This image is too large to be displayed in the current screen. Tax 1040ez Please click the link to view the image. Tax 1040ez Table A-8 This image is too large to be displayed in the current screen. Tax 1040ez Please click the link to view the image. Tax 1040ez Table A-8 (continued) This image is too large to be displayed in the current screen. Tax 1040ez Please click the link to view the image. Tax 1040ez Table A-9 This image is too large to be displayed in the current screen. Tax 1040ez Please click the link to view the image. Tax 1040ez Table A-9 (continued) This image is too large to be displayed in the current screen. Tax 1040ez Please click the link to view the image. Tax 1040ez Table A-10 This image is too large to be displayed in the current screen. Tax 1040ez Please click the link to view the image. Tax 1040ez Table A–10 (continued) This image is too large to be displayed in the current screen. Tax 1040ez Please click the link to view the image. Tax 1040ez Table A-11 Please click here for the text description of the image. Tax 1040ez Table A-11 (continued) This image is too large to be displayed in the current screen. Tax 1040ez Please click the link to view the image. Tax 1040ez Table A-12 This image is too large to be displayed in the current screen. Tax 1040ez Please click the link to view the image. Tax 1040ez Table A-12 (continued) This image is too large to be displayed in the current screen. Tax 1040ez Please click the link to view the image. Tax 1040ez Table A-13, A-14 and A-14 (continued. Tax 1040ez 1) Please click here for the text description of the image. Tax 1040ez Table A-14 (continued. Tax 1040ez 2) Please click here for the text description of the image. Tax 1040ez Table A-15 Please click here for the text description of the image. Tax 1040ez Table A-15 (continued) Please click here for the text description of the image. Tax 1040ez Table A-16 Please click here for the text description of the image. Tax 1040ez Table A-16 (continued) This image is too large to be displayed in the current screen. Tax 1040ez Please click the link to view the image. Tax 1040ez Table A-17 Please click here for the text description of the image. Tax 1040ez Table A-17 (continued) Please click here for the text description of the image. Tax 1040ez Table A-18 This image is too large to be displayed in the current screen. Tax 1040ez Please click the link to view the image. Tax 1040ez Table A-18 (continued) This image is too large to be displayed in the current screen. Tax 1040ez Please click the link to view the image. Tax 1040ez Table A-19 and Table A-20 Please click here for the text description of the image. Tax 1040ez Quality Indian Reservation Property Tables Please click here for the text description of the image. Tax 1040ez Qualified Indian Reservation Property Tables 2 Appendix B — Table of Class Lives and Recovery Periods The Table of Class Lives and Recovery Periods has two sections. Tax 1040ez The first section, Specific Depreciable Assets Used In All Business Activities, Except As Noted, generally lists assets used in all business activities. Tax 1040ez It is shown as Table B-1. Tax 1040ez The second section, Depreciable Assets Used In The Following Activities, describes assets used only in certain activities. Tax 1040ez It is shown as Table B-2. Tax 1040ez How To Use the Tables You will need to look at both Table B-1 and B-2 to find the correct recovery period. Tax 1040ez Generally, if the property is listed in Table B-1 you use the recovery period shown in that table. Tax 1040ez However, if the property is specifically listed in Table B-2 under the type of activity in which it is used, you use the recovery period listed under the activity in that table. Tax 1040ez Use the tables in the order shown below to determine the recovery period of your depreciable property. Tax 1040ez Table B-1. Tax 1040ez   Check Table B-1 for a description of the property. Tax 1040ez If it is described in Table B-1, also check Table B-2 to find the activity in which the property is being used. Tax 1040ez If the activity is described in Table B-2, read the text (if any) under the title to determine if the property is specifically included in that asset class. Tax 1040ez If it is, use the recovery period shown in the appropriate column of Table B-2 following the description of the activity. Tax 1040ez If the activity is not described in Table B-2 or if the activity is described but the property either is not specifically included in or is specifically excluded from that asset class, then use the recovery period shown in the appropriate column following the description of the property in Table B-1. Tax 1040ez Tax-exempt use property subject to a lease. Tax 1040ez   The recovery period for ADS cannot be less than 125 percent of the lease term for any property leased under a leasing arrangement to a tax-exempt organization, governmental unit, or foreign person or entity (other than a partnership). Tax 1040ez Table B-2. Tax 1040ez   If the property is not listed in Table B-1, check Table B-2 to find the activity in which the property is being used and use the recovery period shown in the appropriate column following the description. Tax 1040ez Property not in either table. Tax 1040ez   If the activity or the property is not included in either table, check the end of Table B-2 to find Certain Property for Which Recovery Periods Assigned. Tax 1040ez This property generally has a recovery period of 7 years for GDS or 12 years for ADS. Tax 1040ez See Which Property Class Applies Under GDS and Which Recovery Period Applies in chapter 4 for the class lives or the recovery periods for GDS and ADS for the following. Tax 1040ez Residential rental property and nonresidential real property (also see Appendix A, Chart 2). Tax 1040ez Qualified rent-to-own property. Tax 1040ez A motorsport entertainment complex placed in service before January 1, 2014. Tax 1040ez Any retail motor fuels outlet. Tax 1040ez Any qualified leasehold improvement property placed in service before January 1, 2014. Tax 1040ez Any qualified restaurant property placed in service before January 1, 2014. Tax 1040ez Initial clearing and grading land improvements for gas utility property and electric utility transmission and distribution plants. Tax 1040ez Any water utility property. Tax 1040ez Certain electric transmission property used in the transmission at 69 or more kilovolts of electricity for sale and placed in service after April 11, 2005. Tax 1040ez Natural gas gathering and distribution lines placed in service after April 11, 2005. Tax 1040ez Example 1. Tax 1040ez Richard Green is a paper manufacturer. Tax 1040ez During the year, he made substantial improvements to the land on which his paper plant is located. Tax 1040ez He checks Table B-1 and finds land improvements under asset class 00. Tax 1040ez 3. Tax 1040ez He then checks Table B-2 and finds his activity, paper manufacturing, under asset class 26. Tax 1040ez 1, Manufacture of Pulp and Paper. Tax 1040ez He uses the recovery period under this asset class because it specifically includes land improvements. Tax 1040ez The land improvements have a 13-year class life and a 7-year recovery period for GDS. Tax 1040ez If he elects to use ADS, the recovery period is 13 years. Tax 1040ez If Richard only looked at Table B-1, he would select asset class 00. Tax 1040ez 3, Land Improvements, and incorrectly use a recovery period of 15 years for GDS or 20 years for ADS. Tax 1040ez Example 2. Tax 1040ez Sam Plower produces rubber products. Tax 1040ez During the year, he made substantial improvements to the land on which his rubber plant is located. Tax 1040ez He checks Table B-1 and finds land improvements under asset class 00. Tax 1040ez 3. Tax 1040ez He then checks Table B-2 and finds his activity, producing rubber products, under asset class 30. Tax 1040ez 1, Manufacture of Rubber Products. Tax 1040ez Reading the headings and descriptions under asset class 30. Tax 1040ez 1, Sam finds that it does not include land improvements. Tax 1040ez Therefore, Sam uses the recovery period under asset class 00. Tax 1040ez 3. Tax 1040ez The land improvements have a 20-year class life and a 15-year recovery period for GDS. Tax 1040ez If he elects to use ADS, the recovery period is 20 years. Tax 1040ez Example 3. Tax 1040ez Pam Martin owns a retail clothing store. Tax 1040ez During the year, she purchased a desk and a cash register for use in her business. Tax 1040ez She checks Table B-1 and finds office furniture under asset class 00. Tax 1040ez 11. Tax 1040ez Cash registers are not listed in any of the asset classes in Table B-1. Tax 1040ez She then checks Table B-2 and finds her activity, retail store, under asset class 57. Tax 1040ez 0, Distributive Trades and Services, which includes assets used in wholesale and retail trade. Tax 1040ez This asset class does not specifically list office furniture or a cash register. Tax 1040ez She looks back at Table B-1 and uses asset class 00. Tax 1040ez 11 for the desk. Tax 1040ez The desk has a 10-year class life and a 7-year recovery period for GDS. Tax 1040ez If she elects to use ADS, the recovery period is 10 years. Tax 1040ez For the cash register, she uses asset class 57. Tax 1040ez 0 because cash registers are not listed in Table B-1 but it is an asset used in her retail business. Tax 1040ez The cash register has a 9-year class life and a 5-year recovery period for GDS. Tax 1040ez If she elects to use the ADS method, the recovery period is 9 years. Tax 1040ez This image is too large to be displayed in the current screen. Tax 1040ez Please click the link to view the image. Tax 1040ez Table B-1 Please click here for the text description of the image. Tax 1040ez Table B-2 This image is too large to be displayed in the current screen. Tax 1040ez Please click the link to view the image. Tax 1040ez Table B-2 This image is too large to be displayed in the current screen. Tax 1040ez Please click the link to view the image. Tax 1040ez Table B-2 This image is too large to be displayed in the current screen. Tax 1040ez Please click the link to view the image. Tax 1040ez Table B-2 This image is too large to be displayed in the current screen. Tax 1040ez Please click the link to view the image. Tax 1040ez Table B-2 This image is too large to be displayed in the current screen. Tax 1040ez Please click the link to view the image. Tax 1040ez Table B-2 This image is too large to be displayed in the current screen. Tax 1040ez Please click the link to view the image. Tax 1040ez Table B-2 This image is too large to be displayed in the current screen. Tax 1040ez Please click the link to view the image. Tax 1040ez Table B-2 This image is too large to be displayed in the current screen. Tax 1040ez Please click the link to view the image. Tax 1040ez Table B-2 Tax Publications for Business Taxpayers Prev  Up  Next   Home   More Online Publications