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Taxslayer website Listed Property Table of Contents Topics - This chapter discusses: Useful Items - You may want to see: Listed Property DefinedPassenger Automobile Defined Dwelling Unit Other Property Used for Transportation Computers and Related Peripheral Equipment Predominant Use TestMeeting the Predominant Use Test Qualified Business Use Method of Allocating Use Applying the Predominant Use Test Deductions After Recovery Period Leased PropertyLessor Lessee What Records Must Be KeptAdequate Records Reporting Information on Form 4562 Deductions in Later Years Appendix Topics - This chapter discusses: Listed property defined The predominant use test What records must be kept Useful Items - You may want to see: Publication 463 Travel, Entertainment, and Gift Expenses 587 Business Use of Your Home (Including Use by Day-Care Providers) 917 Business Use of a Car 946 How To Depreciate Property Form (and Instructions) 2106–EZ Unreimbursed Employee Business Expenses 2106 Employee Business Expenses 4255 Recapture of Investment Credit 4562 Depreciation and Amortization This chapter discusses some special rules and recordkeeping requirements for listed property. Taxslayer website For complete coverage of the rules, including the rules concerning passenger automobiles, see Publication 946. Taxslayer website If listed property is not used predominantly (more than 50%) in a qualified business use as discussed inPredominant Use Test, later, the section 179 deduction is not allowable and the property must be depreciated using the straight line method. Taxslayer website Listed Property Defined Listed property is any of the following: Any passenger automobile (defined later), Any other property used for transportation, Any property of a type generally used for entertainment, recreation, or amusement (including photographic, phonographic, communication, and video recording equipment), Any computer and related peripheral equipment, defined later, unless it is used only at a regular business establishment and owned or leased by the person operating the establishment. Taxslayer website A regular business establishment includes a portion of a dwelling unit (defined later), if, and only if, that portion is used both regularly and exclusively for business as discussed in Publication 587. Taxslayer website Any cellular telephone (or similar telecommunication equipment) placed in service or leased in a tax year beginning after 1989. Taxslayer website Passenger Automobile Defined A passenger automobile is any four-wheeled vehicle made primarily for use on public streets, roads, and highways and rated at 6,000 pounds or less of unloaded gross vehicle weight (at 6,000 pounds or less of gross vehicle weight for trucks and vans). Taxslayer website It includes any part, component, or other item physically attached to the automobile or usually included in the purchase price of an automobile. Taxslayer website A passenger automobile does not include: An ambulance, hearse, or combination ambulance-hearse used directly in a trade or business, and A vehicle used directly in the trade or business of transporting persons or property for compensation or hire. Taxslayer website Dwelling Unit A dwelling unit is a house or apartment used to provide living accommodations in a building or structure. Taxslayer website It does not include a unit in a hotel, motel, inn, or other establishment where more than half the units are used on a transient basis. Taxslayer website Other Property Used for Transportation Other property used for transportation includes trucks, buses, boats, airplanes, motorcycles, and any other vehicles for transporting persons or goods. Taxslayer website Listed property does not include: Any vehicle which, by reason of its design, is not likely to be used more than a minimal amount for personal purposes, such as clearly marked police and fire vehicles, ambulances, or hearses used for those purposes, Any vehicle that is designed to carry cargo and that has a loaded gross vehicle weight over 14,000 pounds, bucket trucks (cherry pickers), cement mixers, combines, cranes and derricks, delivery trucks with seating only for the driver (or only for the driver plus a folding jump seat), dump trucks (including garbage trucks), flatbed trucks, forklifts, qualified moving vans, qualified specialized utility repair trucks, and refrigerated trucks, Any passenger bus used for that purpose with a capacity of at least 20 passengers and school buses, Any tractor or other special purpose farm vehicle, and unmarked vehicles used by law enforcement officers if the use is officially authorized, and Any vehicle, such as a taxicab, if substantially all its use is in the trade or business of providing services to transport persons or property for compensation or hire by unrelated persons. Taxslayer website Computers and Related Peripheral Equipment A computer is a programmable electronically activated device that: Is capable of accepting information, applying prescribed processes to the information, and supplying the results of those processes with or without human intervention, and Consists of a central processing unit with extensive storage, logic, arithmetic, and control capabilities. Taxslayer website Related peripheral equipment is any auxiliary machine which is designed to be controlled by the central processing unit of a computer. Taxslayer website Computer or peripheral equipment does not include: Any equipment which is an integral part of property which is not a computer, Typewriters, calculators, adding and accounting machines, copiers, duplicating equipment, and similar equipment, and Equipment of a kind, used primarily for the user's amusement or entertainment, such as video games. Taxslayer website Predominant Use Test If “listed property,” defined earlier, placed in service after June 18, 1984, is not used predominantly (more than 50%) in a qualified business use during any tax year: The section 179 deduction on the property is not allowable, and You must depreciate the property using the straight line method. Taxslayer website Listed property placed in service before 1987. Taxslayer website   For listed property placed in service before 1987, depreciate the property over the following period: Class of Property Listed Property Recovery Period 3-year property 5 years 5-year property 12 years 10-year property 25 years 18-year real property 40 years 19-year real property 40 years If you must use the above recovery periods for listed property not used predominantly in a trade or business, use the percentages from Table 16 titled Listed Property Not Used Predominantly (Other Than 18- or 19-year Real Property), and Table 17 for 18- or 19-year real property, near the end of this publication in the Appendix. Taxslayer website Listed property placed in service after 1986. Taxslayer website   For information on listed property placed in service after 1986, see Publication 946. Taxslayer website Meeting the Predominant Use Test Listed property meets the predominant use test for any tax year if its business use is more than 50% of its total use. Taxslayer website You must allocate the use of any item of listed property used for more than one purpose during the tax year among its various uses. Taxslayer website The percentage of investment use of listed property cannot be used as part of the percentage of qualified business use to meet the predominant use test. Taxslayer website However, the combined total of business and investment use is taken into account to figure your depreciation deduction for the property. Taxslayer website Note: Property does not stop being predominantly used in a qualified business use because of a transfer at death. Taxslayer website Example. Taxslayer website Sarah Bradley uses a home computer 50% of the time to manage her investments. Taxslayer website She also uses the computer 40% of the time in her part-time consumer research business. Taxslayer website Sarah's home computer is listed property because it is not used at a regular business establishment. Taxslayer website Because her business use of the computer does not exceed 50%, the computer is not predominantly used in a qualified business use for the tax year. Taxslayer website Because she does not meet the predominant use test, she cannot elect a section 179 deduction for this property. Taxslayer website Her combined rate of business/investment use for determining her depreciation deduction is 90%. Taxslayer website Qualified Business Use A qualified business use is any use in your trade or business. Taxslayer website However, it does not include: The use of property held merely to produce income (investment use), The leasing of property to any 5% owner or related person (to the point that the property is used by a 5% owner or person related to the owner or lessee of the property), The use of property as compensation for the performance of services by a 5% owner or related person, or The use of property as compensation for the performance of services by any person (other than a5% owner or related person) unless the value of the use is included in that person's gross income for the use of the property and income tax is withheld on that amount where required. Taxslayer website See Employees, later. Taxslayer website 5% owner. Taxslayer website   A 5% owner of a business, other than a corporation, is any person who owns more than 5% of the capital or profits interest in the business. Taxslayer website   A 5% owner of a corporation is any person who owns, or is considered to own: More than 5% of the outstanding stock of the corporation, or Stock possessing more than 5% of the total combined voting power of all stock in the corporation. Taxslayer website Related person. Taxslayer website   A related person is anyone related to a taxpayer as discussed under Related persons, in chapter 2 under Nonqualifying Property in Publication 946. Taxslayer website Entertainment Use The use of listed property for entertainment, recreation, or amusement purposes is treated as a qualified business use only to the extent that expenses (other than interest and property tax expenses) for its use are deductible as ordinary and necessary business expenses. Taxslayer website See Publication 463. Taxslayer website Leasing or Compensatory Use of Aircraft If at least 25% of the total use of any aircraft during the tax year is for a qualified business use, the leasing or compensatory use of the aircraft by a 5% owner or related person is treated as a qualified business use. Taxslayer website Commuting The use of a vehicle for commuting is not business use, regardless of whether work is performed during the trip. Taxslayer website Use of Your Passenger Automobile by Another Person If someone else uses your automobile, that use is not business use unless: That use is directly connected with your business, The value of the use is property reported by you as income to the other person and tax is withheld on the income where required, or The value of the use results in a payment of fair market rent. Taxslayer website Any payment to you for the use of the automobile is treated as a rent payment for 3). Taxslayer website Employees Any use by an employee of his or her own listed property (or listed property rented by an employee) in performing services as an employee is not business use unless: The use is for the employer's convenience, and The use is required as a condition of employment. Taxslayer website Use for the employer's convenience. Taxslayer website   Whether the use of listed property is for the employer's convenience must be determined from all the facts. Taxslayer website The use is for the employer's convenience if it is for a substantial business reason of the employer. Taxslayer website The use of listed property during the employee's regular working hours to carry on the employer's business is generally for the employer's convenience. Taxslayer website Use required as a condition of employment. Taxslayer website   Whether the use of listed property is a condition of employment depends on all the facts and circumstances. Taxslayer website The use of property must be required for the employee to perform duties properly. Taxslayer website The employer need not explicitly require the employee to use the property. Taxslayer website A mere statement by the employer that the use of the property is a condition of employment is not sufficient. Taxslayer website Example 1. Taxslayer website Virginia Sycamore is employed as a courier with We Deliver which provides local courier services. Taxslayer website She owns and uses a motorcycle to deliver packages to downtown offices. Taxslayer website We Deliver explicitly requires all delivery persons to own a small car or motorcycle for use in their employment. Taxslayer website The company reimburses delivery persons for their costs. Taxslayer website Virginia's use of the motorcycle is for the convenience of We Deliver and is required as a condition of employment. Taxslayer website Example 2. Taxslayer website Bill Nelson is an inspector for Uplift, a construction company with many sites in the local area. Taxslayer website He must travel to these sites on a regular basis. Taxslayer website Uplift does not furnish an automobile or explicitly require him to use his own automobile. Taxslayer website However, it reimburses him for any costs he incurs in traveling to the various sites. Taxslayer website The use of his own automobile or a rental automobile is for the convenience of Uplift and is required as a condition of employment. Taxslayer website Method of Allocating Use For passenger automobiles and other means of transportation, allocate the property's use on the basis of mileage. Taxslayer website You determine the percentage of qualified business use by dividing the number of miles the vehicle is driven for business purposes during the year by the total number of miles the vehicle is driven for all purposes (including business miles) during the year. Taxslayer website For other items of listed property, allocate the property's use on the basis of the most appropriate unit of time. Taxslayer website For example, you can determine the percentage of business use of a computer by dividing the number of hours the computer is used for business purposes during the year by the total number of hours the computer is used for all purposes (including business hours) during the year. Taxslayer website Applying the Predominant Use Test You must apply the predominant use test for an item of listed property each year of the recovery period. Taxslayer website First Recovery Year If any item of listed property is not used predominantly in a qualified business use in the year it is placed in service: The property is not eligible for a section 179 deduction, and The depreciation deduction must be figured using the straight line method. Taxslayer website Note: The required use of the straight line method for an item of listed property that does not meet the predominant use test is not the same as electing the straight line method. Taxslayer website It does not mean that you have to use the straight line method for other property in the same class as the item of listed property. Taxslayer website Years After the First Recovery Year If you use listed property predominantly (more than 50%) in a qualified business use in the tax year you place it in service, but not in a subsequent tax year during the recovery period, the following rules apply: Figure depreciation using the straight line method. Taxslayer website Do this for each year, beginning with the year you no longer use the property predominantly in a qualified business use, and Figure any excess depreciation on the property and add it to: Your gross income, and The adjusted basis of your property. Taxslayer website See Recapture of excess depreciation, next. Taxslayer website Recapture of excess depreciation. Taxslayer website   You must include any excess depreciation in your gross income for the first tax year the property is not predominantly used in a qualified business use. Taxslayer website Any excess depreciation must also be added to the adjusted basis of your property. Taxslayer website Excess depreciation is the excess (if any) of: The amount of depreciation allowable for the property (including any section 179 deduction claimed) for tax years before the first tax year the property was not predominantly used in a qualified business use, over The amount of depreciation that would have been allowable for those years if the property were not used predominantly in a qualified business use for the year it was placed in service. Taxslayer website This means you figure your depreciation using the percentages fromTable 16 or 17. Taxslayer website For information on investment credit recapture, see the instructions for Form 4255. Taxslayer website Deductions After Recovery Period When listed property (other than passenger automobiles) is used for business, investment, and personal purposes, no deduction is ever allowable for the personal use. Taxslayer website In tax years after the recovery period, you must determine if there is any unrecovered basis remaining before you compute the depreciation deduction for that tax year. Taxslayer website To make this determination, figure the depreciation for earlier tax years as if your property were used 100% for business or investment purposes, beginning with the first tax year in which some or all use is for business or investment. Taxslayer website See Car Used 50% or Less for Business in Publication 917. Taxslayer website Leased Property The limitations on cost recovery deductions apply to the rental of listed property. Taxslayer website The following discussion covers the rules that apply to the lessor (the owner of the property) and the lessee (the person who rents the property from the owner). Taxslayer website SeeLeasing a Car in Publication 917 for a discussion of leased passenger automobiles. Taxslayer website Lessor The limitations on cost recovery generally do not apply to any listed property leased or held for leasing by anyone regularly engaged in the business of leasing listed property. Taxslayer website A person is considered regularly engaged in the business of leasing listed property only if contracts for leasing of listed property are entered into with some frequency over a continuous period of time. Taxslayer website This determination is made on the basis of the facts and circumstances in each case and takes into account the nature of the person's business in its entirety. Taxslayer website Occasional or incidental leasing activity is insufficient. Taxslayer website For example, a person leasing only one passenger automobile during a tax year is not regularly engaged in the business of leasing automobiles. Taxslayer website An employer who allows an employee to use the employer's property for personal purposes and charges the employee for the use is not regularly engaged in the business of leasing the property used by the employee. Taxslayer website Lessee A lessee of listed property (other than passenger automobiles), must include an amount in gross income called the inclusion amount for the first tax year the property is not used predominantly in a qualified business use. Taxslayer website Inclusion amount for property leased before 1987. Taxslayer website   You determine the inclusion amount for property leased after June 18, 1984 and before 1987 by multiplying the fair market value of the property by both the average business/investment use percentage and the applicable percentage. Taxslayer website You can find the applicable percentages for listed property that is 5- or 10-year recovery property in Tables 19 or 20 in Appendix A of Publication 946. Taxslayer website   The lease term for listed property other than 18- or 19-year real property, and residential rental or nonresidential real property, includes options to renew. Taxslayer website For 18- or 19-year real property and residential rental or nonresidential real property that is listed property, the period of the lease does not include any option to renew at fair market value, determined at the time of renewal. Taxslayer website You treat two or more successive leases that are part of the same transaction (or a series of related transactions) for the same or substantially similar property as one lease. Taxslayer website Special rules. Taxslayer website   The lessee adds the inclusion amount to gross income in the next tax year if: The lease term begins within 9 months before the close of the lessee's tax year, The lessee does not use the property predominantly in a qualified business use during that portion of the tax year, and The lease term continues into the lessee's next tax year. Taxslayer website The lessee determines the inclusion amount by taking into account the average of the business/investment use for both tax years and the applicable percentage for the tax year the lease term begins. Taxslayer website   If the lease term is less than one year, the amount included in gross income is the amount that bears the same ratio to the additional inclusion amount as the number of days in the lease term bears to 365. Taxslayer website Maximum inclusion amount. Taxslayer website   The inclusion amount cannot be more than the sum of the deductible amounts of rent allocable to the lessee's tax year in which the amount must be included in gross income. Taxslayer website What Records Must Be Kept You cannot take any depreciation or section 179 deduction for the use of listed property (including passenger automobiles) unless you can prove business/investment use with adequate records or sufficient evidence to support your own statements. Taxslayer website How long to keep records. Taxslayer website   For listed property, records must be kept for as long as any excess depreciation can be recaptured (included in income). Taxslayer website Adequate Records To meet the adequate records requirement, you must maintain an account book, diary, log, statement of expense, trip sheet, or similar record or other documentary evidence that, together with the receipt, is sufficient to establish each element of an expenditure or use. Taxslayer website It is not necessary to record information in an account book, diary, or similar record if the information is already shown on the receipt. Taxslayer website However, your records should back up your receipts in an orderly manner. Taxslayer website Elements of Expenditure or Use The records or other documentary evidence must support: The amount of each separate expenditure, such as the cost of acquiring the item, maintenance and repair costs, capital improvement costs, lease payments, and any other expenses, The amount of each business and investment use (based on an appropriate measure, such as mileage for vehicles and time for other listed property), and the total use of the property for the tax year, The date of the expenditure or use, and The business or investment purpose for the expenditure or use. Taxslayer website Written documents of your expenditure or use are generally better evidence than oral statements alone. Taxslayer website A written record prepared at or near the time of the expenditure or use has greater value as proof of the expenditure or use. Taxslayer website A daily log is not required. Taxslayer website However, some type of record containing the elements of an expenditure or the business or investment use of listed property made at or near the time and backed up by other documents is preferable to a statement prepared later. Taxslayer website Timeliness The elements of an expenditure or use must be recorded at the time you have full knowledge of the elements. Taxslayer website An expense account statement made from an account book, diary, or similar record prepared or maintained at or near the time of the expenditure or use is generally considered a timely record if in the regular course of business: The statement is submitted by an employee to the employer, or The statement is submitted by an independent contractor to the client or customer. Taxslayer website For example, a log maintained on a weekly basis, which accounts for use during the week, will be considered a record made at or near the time of use. Taxslayer website Business Purpose Supported An adequate record of business purpose must generally be in the form of a written statement. Taxslayer website However, the amount of backup necessary to establish a business purpose depends on the facts and circumstances of each case. Taxslayer website A written explanation of the business purpose will not be required if the purpose can be determined from the surrounding facts and circumstances. Taxslayer website For example, a salesperson visiting customers on an established sales route will not normally need a written explanation of the business purpose of his or her travel. Taxslayer website Business Use Supported An adequate record contains enough information on each element of every business or investment use. Taxslayer website The amount of detail required to support the use depends on the facts and circumstances. Taxslayer website For example, a taxpayer whose only business use of a truck is to make customer deliveries on an established route can satisfy the requirement by recording the length of the route, including the total number of miles driven during the tax year and the date of each trip at or near the time of the trips. Taxslayer website Although an adequate record generally must be written, a record of the business use of listed property, such as a computer or automobile, can be prepared in a computer memory device using a logging program. Taxslayer website Separate or Combined Expenditures or Uses Each use by you is normally considered a separate use. Taxslayer website However, repeated uses can be combined as a single item. Taxslayer website Each expenditure is recorded as a separate item and not combined with other expenditures. Taxslayer website If you choose, however, amounts spent for the use of listed property during a tax year, such as for gasoline or automobile repairs, can be combined. Taxslayer website If these expenses are combined, you do not need to support the business purpose of each expense. Taxslayer website Instead, you can divide the expenses based on the total business use of the listed property. Taxslayer website Uses which can be considered part of a single use, such as a round trip or uninterrupted business use, can be accounted for by a single record. Taxslayer website For example, use of a truck to make deliveries at several locations which begin and end at the business premises and can include a stop at the business in between deliveries can be accounted for by a single record of miles driven. Taxslayer website Use of a passenger automobile by a salesperson for a business trip away from home over a period of time can be accounted for by a single record of miles traveled. Taxslayer website Minimal personal use (such as a stop for lunch between two business stops) is not an interruption of business use. Taxslayer website Confidential Information If any of the information on the elements of an expenditure or use is confidential, it does not need to be in the account book or similar record if it is recorded at or near the time of the expenditure or use. Taxslayer website It must be kept elsewhere and made available as support to the district director on request. Taxslayer website Substantial Compliance If you have not fully supported a particular element of an expenditure or use, but have complied with the adequate records requirement for the expenditure or use to the district director's satisfaction, you can establish this element by any evidence the district director deems adequate. Taxslayer website If you fail to establish that you have substantially complied with the adequate records requirement for an element of an expenditure or use to the district director's satisfaction, you must establish the element: By your own oral or written statement containing detailed information as to the element, and By other evidence sufficient to establish the element. Taxslayer website If the element is the cost or amount, time, place, or date of an expenditure or use, its supporting evidence must be direct, such as oral testimony by witnesses or a written statement setting forth detailed information about the element or the documentary evidence. Taxslayer website If the element is the business purpose of an expenditure, its supporting evidence can be circumstantial evidence. Taxslayer website Sampling You can maintain an adequate record for portions of a tax year and use that record to support your business and investment use for the entire tax year if it can be shown by other evidence that the periods for which an adequate record is maintained are representative of use throughout the year. Taxslayer website Loss of Records When you establish that failure to produce adequate records is due to loss of the records through circumstances beyond your control, such as through fire, flood, earthquake, or other casualty, you have the right to support a deduction by reasonable reconstruction of your expenditures and use. Taxslayer website Reporting Information on Form 4562 If you claim a deduction for any listed property, you must provide the requested information on page 2, Section B of Form 4562. Taxslayer website If you claim a deduction for any vehicle, you must answer certain questions onpage 2 of Form 4562 to provide information about the vehicle use. Taxslayer website Employees. Taxslayer website   Employees claiming the standard mileage rate or actual expenses (including depreciation) must use Form 2106 instead of Part V of Form 4562. Taxslayer website Employees claiming the standard mileage rate may be able to use Form 2106–EZ. Taxslayer website Employer who provides vehicles to employees. Taxslayer website   An employer who provides vehicles to employees must obtain enough information from those employees to provide the requested information onForm 4562. Taxslayer website   An employer who provides more than five vehicles to employees need not include any information on his or her tax return. Taxslayer website Instead, the employer must obtain the information from his or her employees and indicate on his or her return that the information was obtained and is being retained. Taxslayer website   You do not need to provide the information requested on page 2 of Form 4562 if, as an employer: You can satisfy the requirements of a written policy statement for vehicles either not used for personal purposes, or not used for personal purposes other than commuting, or You treat all vehicle use by employees as personal use. Taxslayer website See the instructions for Form 4562. Taxslayer website Deductions in Later Years When listed property is used for business, investment, and personal purposes, no deduction is allowable for its personal use either in the current year or any later tax year. Taxslayer website In later years, you must determine if there is any remaining unadjusted or unrecovered basis before you compute the depreciation deduction for that tax year. Taxslayer website In making this determination, figure the depreciation deductions for earlier tax years as if the listed property were used 100% for business or investment purposes in those years, beginning with the first tax year in which some or all of the property use is for business or investment. Taxslayer website For more information about deductions after the recovery period for automobiles, see Publication 917. Taxslayer website Appendix The following tables are for use in figuring depreciation deductions under the ACRS system. Taxslayer website Table 1. Taxslayer website 15-Year Real Property* (Other Than Low-Inclome Housing) Table 3. Taxslayer website Low-Income Housing* Table 6 - Table 9 Table 6 - Table 9 Table 10 - Table 13 Table 14 - Table 17 Prev  Up  Next   Home   More Online Publications
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Taxslayer website Publication 509 - Main Content Table of Contents General Tax CalendarFirst Quarter Second Quarter Third Quarter Fourth Quarter Fiscal-Year Taxpayers Employer's Tax CalendarFirst Quarter Second Quarter Third Quarter Fourth Quarter Excise Tax CalendarFirst Quarter Second Quarter Third Quarter Fourth Quarter How To Get Tax Help General Tax Calendar This tax calendar has the due dates for 2014 that most taxpayers will need. Taxslayer website Employers and persons who pay excise taxes also should use the Employer's Tax Calendar and the Excise Tax Calendar . Taxslayer website Fiscal-year taxpayers. Taxslayer website   If you file your income tax return for a fiscal year rather than the calendar year, you must change some of the dates in this calendar. Taxslayer website These changes are described under Fiscal-Year Taxpayers at the end of this calendar. Taxslayer website First Quarter The first quarter of a calendar year is made up of January, February, and March. Taxslayer website Second Quarter The second quarter of a calendar year is made up of April, May, and June. Taxslayer website Third Quarter The third quarter of a calendar year is made up of July, August, and September. Taxslayer website Fourth Quarter The fourth quarter of a calendar year is made up of October, November, and December. Taxslayer website Fiscal-Year Taxpayers If you use a fiscal year (rather than the calendar year) as your tax year, you should change some of the dates in this calendar. Taxslayer website Use the following general guidelines to make these changes. Taxslayer website The 3 months that make up each quarter of a fiscal year may be different from those of each calendar quarter, depending on when the fiscal year begins. Taxslayer website Also see Saturday, Sunday, or legal holiday, earlier. Taxslayer website Individuals Form 1040. Taxslayer website    This form is due on the 15th day of the 4th month after the end of your tax year. Taxslayer website Form 4868 is used to request an extension of time to file Form 1040. Taxslayer website Estimated tax payments (Form 1040-ES). Taxslayer website   Payments are due on the 15th day of the 4th, 6th, and 9th months of your tax year and on the 15th day of the 1st month after your tax year ends. Taxslayer website Partnerships Form 1065. Taxslayer website   This form is due on the 15th day of the 4th month after the end of the partnership's tax year. Taxslayer website Provide each partner with a copy of Schedule K-1 (Form 1065) or a substitute Schedule K-1. Taxslayer website Form 1065-B (electing large partnerships). Taxslayer website   This form is due on the 15th day of the 4th month after the end of the partnership's tax year. Taxslayer website Provide each partner with a copy of Schedule K-1 (Form 1065-B) or a substitute Schedule K-1 by the first March 15 following the close of the partnership's tax year. Taxslayer website Corporations and S Corporations Form 1120 and Form 1120S (or Form 7004). Taxslayer website   These forms are due on the 15th day of the 3rd month after the end of the corporation's tax year. Taxslayer website S corporations must provide each shareholder with a copy of Schedule K-1 (Form 1120S) or a substitute Schedule K-1. Taxslayer website Form 7004 is used to request an extension of time to file Form 1120 or Form 1120S. Taxslayer website Estimated tax payments. Taxslayer website   Payments are due on the 15th day of the 4th, 6th, 9th, and 12th months of the corporation's tax year. Taxslayer website Form 2553. Taxslayer website   This form is used to choose S corporation treatment. Taxslayer website It is due no more than two months and 15 days after the beginning of the tax year the election is to take effect or at any time during the preceding tax year. Taxslayer website Employer's Tax Calendar This tax calendar covers various due dates of interest to employers. Taxslayer website Principally, it covers the following federal taxes. Taxslayer website Income tax you withhold from your employees' wages or from nonpayroll amounts you pay out. Taxslayer website Social security and Medicare taxes (FICA taxes) you withhold from your employees' wages and the social security and Medicare taxes you must pay as an employer. Taxslayer website Federal unemployment (FUTA) tax you must pay as an employer. Taxslayer website The calendar lists due dates for filing returns and for making deposits of these three taxes throughout the year. Taxslayer website Use this calendar with Publication 15 (Circular E), which gives the deposit rules. Taxslayer website Forms you may need. Taxslayer website   The following is a list and description of the primary employment tax forms you may need. Taxslayer website Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return. Taxslayer website This form is due the last day of the first calendar month after the calendar year ends. Taxslayer website Use it to report the FUTA tax on wages you paid. Taxslayer website Form 941, Employer's QUARTERLY Federal Tax Return. Taxslayer website This form is due the last day of the first calendar month after the calendar quarter ends. Taxslayer website Use it to report social security and Medicare taxes and withheld income taxes on wages if your employees are not farm workers or household employees. Taxslayer website Form 943, Employer's Annual Federal Tax Return for Agricultural Employees. Taxslayer website This form is due the last day of the first calendar month after the calendar year ends. Taxslayer website Use it to report social security and Medicare taxes and withheld income taxes on wages if your employees are farm workers. Taxslayer website Form 944, Employer's ANNUAL Federal Tax Return. Taxslayer website This form is due the last day of the first calendar month after the calendar year ends. Taxslayer website Certain small employers use it instead of Form 941 to report social security and Medicare taxes and withheld income tax. Taxslayer website Form 945, Annual Return of Withheld Federal Income Tax. Taxslayer website This form is due the last day of the first calendar month after the calendar year ends. Taxslayer website Use it to report income tax withheld on all nonpayroll items. Taxslayer website Nonpayroll items include the following. Taxslayer website Backup withholding. Taxslayer website Withholding on pensions, annuities, IRAs, and gambling winnings. Taxslayer website Payments of Indian gaming profits to tribal members. Taxslayer website Fiscal-year taxpayers. Taxslayer website   The dates in this calendar apply whether you use a fiscal year or the calendar year as your tax year. Taxslayer website The only exception is the date for filing Forms 5500, Annual Return/Report of Employee Benefit Plan, and 5500-EZ, Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan. Taxslayer website These employee benefit plan forms are due by the last day of the seventh month after the plan year ends. Taxslayer website See July 31 , later. Taxslayer website Extended due dates. Taxslayer website   If you timely deposit in full the tax you are required to report on Form 940, 941, 943, 944, or 945, you have an additional 10 calendar days to file that form. Taxslayer website If you are subject to the semiweekly deposit rule, use Table 2 near the end of this publication for your deposit due dates. Taxslayer website However, if you accumulate $100,000 or more of taxes on any day during a deposit period, you must deposit the tax by the next business day instead of the date shown in Table 2. Taxslayer website First Quarter The first quarter of a calendar year is made up of January, February, and March. Taxslayer website Second Quarter The second quarter of a calendar year is made up of April, May, and June. Taxslayer website Third Quarter The third quarter of a calendar year is made up of July, August, and September. Taxslayer website Fourth Quarter The fourth quarter of a calendar year is made up of October, November, and December. Taxslayer website Excise Tax Calendar This tax calendar gives the due dates for filing returns and making deposits of excise taxes. Taxslayer website Use this calendar with Publication 510. Taxslayer website Also see the instructions for Forms 11-C, 720, 730, and 2290 for more information. Taxslayer website References to Form 2290 also apply to Form 2290(SP). Taxslayer website Forms you may need. Taxslayer website   The following is a list and description of the excise tax forms you may need. Taxslayer website Form 11-C, Occupational Tax and Registration Return for Wagering. Taxslayer website Use this form to register any wagering activity and to pay an occupational tax on wagering. Taxslayer website File Form 11-C if you are in the business of accepting wagers, including conducting a wagering pool or lottery, or are an agent of someone who accepts wagers. Taxslayer website You must file the form before you begin accepting wagers. Taxslayer website After that, file the form by July 1 of each year. Taxslayer website Also, see Form 730, later. Taxslayer website Form 720, Quarterly Federal Excise Tax Return. Taxslayer website File this form by the last day of the month following the calendar quarter. Taxslayer website Use this form to report a wide variety of excise taxes, including: Communications and air transportation taxes, Fuel taxes, Retail tax, Ship passenger tax, and Manufacturers taxes. Taxslayer website Form 730, Monthly Tax Return for Wagers. Taxslayer website Use this form to pay an excise tax on wagers you accept. Taxslayer website File this form for each month by the last day of the following month. Taxslayer website Also, see Form 11-C, earlier. Taxslayer website Form 2290, Heavy Highway Vehicle Use Tax Return. Taxslayer website Use this form to pay the federal use tax on heavy highway vehicles registered in your name. Taxslayer website File this form by the last day of the month following the month of the vehicle's first taxable use in the tax period. Taxslayer website The tax period begins on July 1 and ends the following June 30. Taxslayer website You must pay the full year's tax on all vehicles you have in use during the month of July. Taxslayer website You must also pay a partial-year tax on taxable vehicles that you put into use in a month after July. Taxslayer website For more information, see the Instructions for Form 2290. Taxslayer website Fiscal-year taxpayers. Taxslayer website   The dates in this calendar apply whether you use a fiscal year or the calendar year as your tax year. Taxslayer website Adjustments for Saturday, Sunday, or legal holidays. Taxslayer website   Generally, if a due date falls on a Saturday, Sunday, or legal holiday, the due date is delayed until the next day that is not a Saturday, Sunday, or legal holiday. Taxslayer website For excise taxes, there are two exceptions to this rule. Taxslayer website For deposits of regular method taxes, if the due date is a Saturday, Sunday, or legal holiday, the due date is the immediately preceding day that is not a Saturday, Sunday, or legal holiday. Taxslayer website Under the special September deposit rules, if the due date falls on a Saturday, the deposit is due on the preceding Friday. Taxslayer website If the due date falls on a Sunday, the deposit is due on the following Monday. Taxslayer website For more information, see the Instructions for Form 720. Taxslayer website The Excise Tax Calendar has been adjusted for all of these provisions. Taxslayer website Regular method taxes. Taxslayer website   These are taxes, other than alternative method taxes used for communication and air transportation taxes, reported on Form 720 for which deposits are required. Taxslayer website First Quarter The first quarter of a calendar year is made up of January, February, and March. Taxslayer website Second Quarter The second quarter of a calendar year is made up of April, May, and June. Taxslayer website Third Quarter The third quarter of a calendar year is made up of July, August, and September. Taxslayer website Fourth Quarter The fourth quarter of a calendar year is made up of October, November, and December. Taxslayer website How To Get Tax Help Go online, use a smart phone, call or walk in to an office near you. Taxslayer website Whether it's help with a tax issue, preparing your tax return or picking up a free publication or form, get the help you need the way you want it. Taxslayer website Free help with your tax return. Taxslayer website   Free help in preparing your return is available nationwide from IRS-certified volunteers. Taxslayer website The Volunteer Income Tax Assistance (VITA) program is designed to help low-to-moderate income, elderly, persons with disabilities, and limited English proficient taxpayers. Taxslayer website The Tax Counseling for the Elderly (TCE) program is designed to assist taxpayers age 60 and older with their tax returns. Taxslayer website Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. Taxslayer website Some VITA and TCE sites provide taxpayers the opportunity to prepare their return with the assistance of an IRS-certified volunteer. Taxslayer website To find the nearest VITA or TCE site, visit IRS. Taxslayer website gov or call 1-800-906-9887. Taxslayer website   As part of the TCE program, AARP offers the Tax-Aide counseling program. Taxslayer website To find the nearest AARP Tax-Aide site, visit AARP's website at www. Taxslayer website aarp. Taxslayer website org/money/taxaide or call 1-888-227-7669. Taxslayer website   For more information on these programs, go to IRS. Taxslayer website gov and enter “VITA” in the search box. Taxslayer website Internet. Taxslayer website IRS. Taxslayer website gov and IRS2Go are ready when you are — every day, every night, 24 hours a day, 7 days a week. Taxslayer website Apply for an Employer Identification Number (EIN). Taxslayer website Go to IRS. Taxslayer website gov and enter Apply for an EIN in the search box. Taxslayer website Request an Electronic Filing PIN by going to IRS. Taxslayer website gov and entering Electronic Filing PIN in the search box. Taxslayer website Check the status of your 2013 refund with Where's My Refund? Go to IRS. Taxslayer website gov or the IRS2Go app, and click on Where's My Refund? You'll get a personalized refund date as soon as the IRS processes your tax return and approves your refund. Taxslayer website If you e-file, your refund status is usually available within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. Taxslayer website Checking the status of your amended return. Taxslayer website Go to IRS. Taxslayer website gov and enter Where's My Amended Return in the search box. Taxslayer website Download forms, instructions, and publications, including some accessible versions. Taxslayer website Order free transcripts of your tax returns or tax account using the Order a Transcript tool on IRS. Taxslayer website gov or IRS2Go. Taxslayer website Tax return and tax account transcripts are generally available for the current year and past three years. Taxslayer website Figure your income tax withholding with the IRS Withholding Calculator on IRS. Taxslayer website gov. Taxslayer website Use it if you've had too much or too little withheld, your personal situation has changed, you're starting a new job or you just want to see if you're having the right amount withheld. Taxslayer website Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. Taxslayer website gov. Taxslayer website Locate the nearest Taxpayer Assistance Center using the Office Locator tool on IRS. Taxslayer website gov or IRS2Go. Taxslayer website Stop by most business days for face-to-face tax help, no appointment necessary — just walk in. Taxslayer website An employee can explain IRS letters, request adjustments to your tax account or help you set up a payment plan. Taxslayer website Before you visit, check the Office Locator for the address, phone number, hours of operation and the services provided. Taxslayer website If you have an ongoing tax account problem or a special need, such as a disability, you can request an appointment. Taxslayer website Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. Taxslayer website Locate the nearest volunteer help site with the VITA Locator Tool on IRS. Taxslayer website gov. Taxslayer website Low-to-moderate income, elderly, persons with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. Taxslayer website The Tax Counseling for the Elderly (TCE) program helps taxpayers 60 and older with their tax returns. Taxslayer website Most VITA and TCE sites offer free electronic filing and some provide IRS-certified volunteers who can help prepare your tax return. Taxslayer website AARP offers the Tax-Aide counseling program as part of the TCE program. Taxslayer website Visit AARP's website to find the nearest Tax-Aide location. Taxslayer website Research your tax questions. Taxslayer website Search publications and instructions by topic or keyword. Taxslayer website Read the Internal Revenue Code, regulations, or other official guidance. Taxslayer website Read Internal Revenue Bulletins. Taxslayer website Sign up to receive local and national tax news by email. Taxslayer website Phone. Taxslayer website You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. Taxslayer website Download the free IRS2Go mobile app from the iTunes app store or from Google Play. Taxslayer website Use it to watch the IRS YouTube channel, get IRS news as soon as it's released to the public, order transcripts of your tax returns or tax account, check your refund status, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. Taxslayer website Call to locate the nearest volunteer help site, 1-800-906-9887. Taxslayer website Low-to-moderate income, elderly, persons with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. Taxslayer website The Tax Counseling for the Elderly (TCE) program helps taxpayers 60 and older with their tax returns. Taxslayer website Most VITA and TCE sites offer free electronic filing. Taxslayer website Some VITA and TCE sites provide IRS-certified volunteers who can help prepare your tax return. Taxslayer website Through the TCE program, AARP offers the Tax-Aide counseling program; call 1-888-227-7669 to find the nearest Tax-Aide location. Taxslayer website Call to check the status of your 2013 refund, 1-800-829-1954 or 1-800-829-4477. Taxslayer website The automated Where's My Refund? information is available 24 hours a day, 7 days a week. Taxslayer website If you e-file, your refund status is usually available within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. Taxslayer website Before you call, have your 2013 tax return handy so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. Taxslayer website Where's My Refund? can give you a personalized refund date as soon as the IRS processes your tax return and approves your refund. Taxslayer website Where's My Refund? includes information for the most recent return filed in the current year and does not include information about amended returns. Taxslayer website Call the Amended Return Hotline, 1-866-464-2050, to check the status of your amended return. Taxslayer website Call to order forms, instructions and publications, 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions and publications, and prior-year forms and instructions (limited to 5 years). Taxslayer website You should receive your order within 10 business days. Taxslayer website Call to order transcripts of your tax returns or tax account, 1-800-908-9946. Taxslayer website Follow the prompts to provide your Social Security Number or Individual Taxpayer Identification Number, date of birth, street address and ZIP code. Taxslayer website Call for TeleTax topics, 1-800-829-4477, to listen to pre-recorded messages covering various tax topics. Taxslayer website Call to ask tax questions, 1-800-829-1040. Taxslayer website Call using TTY/TDD equipment, 1-800-829-4059 to ask tax questions or order forms and publications. Taxslayer website The TTY/TDD telephone number is for people who are deaf, hard of hearing, or have a speech disability. Taxslayer website These individuals can also contact the IRS through relay services such as the Federal Relay Service available at www. Taxslayer website gsa. Taxslayer website gov/fedrelay. Taxslayer website Walk-in. Taxslayer website You can find a selection of forms, publications and services — in-person, face-to-face. Taxslayer website Products. Taxslayer website You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. Taxslayer website Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. Taxslayer website Services. Taxslayer website You can walk in to your local TAC most business days for personal, face-to-face tax help. Taxslayer website An employee can explain IRS letters, request adjustments to your tax account, or help you set up a payment plan. Taxslayer website If you need to resolve a tax problem, have questions about how the tax law applies to your individual tax return, or you are more comfortable talking with someone in person, visit your local TAC where you can talk with an IRS representative face-to-face. Taxslayer website No appointment is necessary—just walk in. Taxslayer website Before visiting, check www. Taxslayer website irs. Taxslayer website gov/localcontacts for hours of operation and services provided. Taxslayer website Mail. Taxslayer website You can send your order for forms, instructions, and publications to the address below. Taxslayer website You should receive a response within 10 business days after your request is received. Taxslayer website  Internal Revenue Service 1201 N. Taxslayer website Mitsubishi Motorway Bloomington, IL 61705-6613 The Taxpayer Advocate Service Is Here to Help You. Taxslayer website   The Taxpayer Advocate Service (TAS) is your voice at the IRS. Taxslayer website Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. Taxslayer website What can TAS do for you?   We can offer you free help with IRS problems that you can't resolve on your own. Taxslayer website We know this process can be confusing, but the worst thing you can do is nothing at all! TAS can help if you can't resolve your tax problem and: Your problem is causing financial difficulties for you, your family, or your business. Taxslayer website You face (or your business is facing) an immediate threat of adverse action. Taxslayer website You've tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised. Taxslayer website   If you qualify for our help, you'll be assigned to one advocate who'll be with you at every turn and will do everything possible to resolve your problem. Taxslayer website Here's why we can help: TAS is an independent organization within the IRS. Taxslayer website Our advocates know how to work with the IRS. Taxslayer website Our services are free and tailored to meet your needs. Taxslayer website We have offices in every state, the District of Columbia, and Puerto Rico. Taxslayer website How can you reach us?   If you think TAS can help you, call your local advocate, whose number is in your local directory and at www. Taxslayer website irs. Taxslayer website gov/advocate, or call us toll-free at 1-877-777-4778. Taxslayer website How else does TAS help taxpayers?   TAS also works to resolve large-scale, systemic problems that affect many taxpayers. Taxslayer website If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System at www. Taxslayer website irs. Taxslayer website gov/sams. Taxslayer website Low Income Taxpayer Clinics. Taxslayer website   Low Income Taxpayer Clinics (LITCs) serve individuals whose income is below a certain level and need to resolve tax problems such as audits, appeals, and tax collection disputes. Taxslayer website Some clinics can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. Taxslayer website Visit www. Taxslayer website TaxpayerAdvocate. Taxslayer website irs. Taxslayer website gov or see IRS Publication 4134, Low Income Taxpayer Clinic List. Taxslayer website gnewbus01 Prev  Up  Next   Home   More Online Publications