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Where Can I File 2012 Taxes

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Where Can I File 2012 Taxes

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

 

The individual shared responsibility provision requires you and each member of your family to have basic health insurance coverage (also known as minimum essential coverage), qualify for an exemption, or make an individual shared responsibility payment when you file your federal income tax return.

How you get the exemption depends upon the type of exemption for which you are eligible. You can obtain some exemptions only from the Marketplace in the area where you live, others only from the IRS, and yet others from either the Marketplace or the IRS.

This chart shows the types of exemptions available and whether they must be granted by the Marketplace, claimed on an income tax return filed with the IRS, or either may be granted by the Marketplace or claimed on a tax return. For additional information about how to get exemptions that may be granted by the Marketplace, visit HealthCare.gov/exemptions.

Information will be made available later about how to report health insurance coverage and claim exemptions on your income tax return.

Exemptions May only be granted by Marketplace May be granted by Marketplace or claimed on tax return May only be claimed on tax return
Coverage is considered unaffordable - The amount you would have paid for employer-sponsored coverage or a bronze level health plan (depending on your circumstances) is more than eight percent of your actual household income for the year as computed on your tax return. Also see the second hardship listed below, which provides a prospective exemption granted by the Marketplace if the amount you would have paid for coverage is more than eight percent of your projected household income for the year.    
Short coverage gap - You went without coverage for less than three consecutive months during the year. For more information, see question 22 of our questions and answers.    
Household income below the return filing threshold - Your household income is below the minimum threshold for filing a tax return. Learn more about household income    
Certain noncitizens - You are neither a U.S. citizen, a U.S. national, nor an alien lawfully present in the U.S.    
Members of a health care sharing ministry - You are a member of a health care sharing ministry, which is an organization described in section 501(c)(3) whose members share a common set of ethical or religious beliefs and have shared medical expenses in accordance with those beliefs continuously since at least December 31, 1999.  

 

 

 

 

 

Members of Federally-recognized Indian Tribes - You are a member of a federally-recognized Indian tribe.    
Incarceration - You are in a jail, prison, or similar penal institution or correctional facility after the disposition of charges.    
Members of certain religious sects - You are a member of a religious sect in existence since December 31, 1950, that is recognized by the Social Security Administration (SSA) as conscientiously opposed to accepting any insurance benefits, including Medicare and Social Security.    
Hardships:      
  • Your gross income is below the filing threshold. To find out if you are required to file, use our Interactive Tax Assistant.
   
  • Two or more family members' aggregate cost of self-only employer-sponsored coverage exceeds 8 percent of household income, as does the cost of any available employer-sponsored coverage for the entire family.
   
  • You purchased insurance through the Marketplace during the initial enrollment period but have a coverage gap at the beginning of 2014. See this HHS Question and Answer.
   
  • You are experiencing circumstances that prevent you from obtaining coverage under a qualified health plan. Learn more about the criteria for this exemption.
   
  • You do not have access to affordable coverage based on your projected household income.
   
  • You are ineligible for Medicaid solely because the State does not participate in the Medicaid expansion under the Affordable Care Act.
   
  • You are an American Indian, Alaska Native, or a spouse or descendant who is eligible for services through an Indian health care provider. Learn more.
   
  • You have been notified that your health insurance policy will not be renewed and you consider the other plans available unaffordable. See HHS guidance and HHS Questions and Answers for more information.
   

 

 

Page Last Reviewed or Updated: 24-Mar-2014

The Where Can I File 2012 Taxes

Where can i file 2012 taxes Index A Additional Medicare Tax, Reminders, Additional Medicare Tax withholding. Where can i file 2012 taxes Aliens, nonresident, Withholding income taxes on the wages of nonresident alien employees. Where can i file 2012 taxes , Withholding adjustment for nonresident alien employees. Where can i file 2012 taxes Assistance (see Tax help) C COBRA premium assistance credit, Reminders COBRA Premium Assistance Credit, COBRA premium assistance credit. Where can i file 2012 taxes Commodity wages, Commodity wages. Where can i file 2012 taxes Crew leaders, Crew Leaders, 10. Where can i file 2012 taxes Federal Unemployment (FUTA) Tax D Deposit Penalties, Deposit Penalties Deposit rules Electronic funds transfer, 7. Where can i file 2012 taxes Depositing Taxes Lookback period, Lookback period. Where can i file 2012 taxes Differential wage payments, Reminders Disregarded entities, Reminders E Electronic deposits, Electronic deposit requirement. Where can i file 2012 taxes Electronic payment, Reminders Electronic reporting, Calendar Employee defined, 2. Where can i file 2012 taxes Who Are Employees? Employer identification number (EIN), Employer identification number (EIN). Where can i file 2012 taxes Employers of farmworkers, 2. Where can i file 2012 taxes Who Are Employees? Exemption from withholding, Exemption from federal income tax withholding. Where can i file 2012 taxes F Farmworkers Crew leaders, Crew Leaders Defined, 2. Where can i file 2012 taxes Who Are Employees? Federal unemployment (FUTA) taxes, 10. Where can i file 2012 taxes Federal Unemployment (FUTA) Tax Forms 843, Form 843. Where can i file 2012 taxes 940, 10. Where can i file 2012 taxes Federal Unemployment (FUTA) Tax 943, 8. Where can i file 2012 taxes Form 943 943-X, Prior Year Adjustments I-9, Reminders W-2, Filing corrections to Forms W-2 and W-3. Where can i file 2012 taxes W-4, Reminders, Form W-4. Where can i file 2012 taxes W-4(SP), Reminders, Form W-4. Where can i file 2012 taxes H H-2A visa holders, Compensation paid to H-2A visa holders. Where can i file 2012 taxes Household employees Employment tax withholding, Household employees. Where can i file 2012 taxes I Income tax withholding How to figure, How To Figure Federal Income Tax Withholding Percentage method, 13. Where can i file 2012 taxes Federal Income Tax Withholding Methods Wage bracket method, 13. Where can i file 2012 taxes Federal Income Tax Withholding Methods Who must withhold, 5. Where can i file 2012 taxes Federal Income Tax Withholding Independent contractor, 2. Where can i file 2012 taxes Who Are Employees? L Lookback period, Lookback period. Where can i file 2012 taxes N Noncash wages, Commodity wages. Where can i file 2012 taxes P Penalties, Deposit Penalties Prior year adjustments, Prior Year Adjustments Publications (see Tax help) Q Qualified subchapter S subsidiaries (QSubs), Reminders R Reconciling Forms W-2, W-3, and 943, 11. Where can i file 2012 taxes Reconciling Wage Reporting Forms Reconciling wage reporting forms, 11. Where can i file 2012 taxes Reconciling Wage Reporting Forms S Share farmers, Share farmers. Where can i file 2012 taxes Social security and Medicare withholding, 4. Where can i file 2012 taxes Social Security and Medicare Taxes Social security number (SSN), Social security number (SSN). Where can i file 2012 taxes Spouses who own and operate a business together , Business Owned and Operated by Spouses Supplemental wages, Supplemental wages. Where can i file 2012 taxes T Tax help, How To Get Tax Help Taxpayer identification number, 1. Where can i file 2012 taxes Taxpayer Identification Numbers Trust fund recovery penalty, Trust fund recovery penalty. Where can i file 2012 taxes TTY/TDD information, How To Get Tax Help W Withholding Income tax, 5. Where can i file 2012 taxes Federal Income Tax Withholding Nonresident aliens, Withholding adjustment for nonresident alien employees. Where can i file 2012 taxes Supplemental wages, Supplemental wages. Where can i file 2012 taxes Prev  Up     Home   More Online Publications