Filing Your Taxes Online is Fast, Easy and Secure.
Start now and receive your tax refund in as little as 7 days.

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

Find tax credits for everything from school tuition to buying a hybri

3. E-File for FREE

E-file free with direct deposit to get your refund in as few as 7 days.

Filing your taxes with paper mail can be difficult and it could take weeks for your refund to arrive. IRS e-file is easy, fast and secure. There is no paperwork going to the IRS so tax refunds can be processed in as little as 7 days with direct deposit. As you prepare your taxes online, you can see your tax refund in real time.

FREE audit support and representation from an enrolled agent – NEW and only from H&R Block

1040 Tax Forms

How To Amend Your TaxesForm 1040x InstructionsIrs Gov Free File1040x Amended Return 2012Federal 1040ez Form1040ez Tax Form 2013Form 1040x 20081020 Ez FormH And R Block Free TaxFree State Tax ReturnsIrs Efile 2012Free 1040ezIrs File 1040ezIrs Gov FreefileHow To File State Taxes Online For Free1040nr 2012How To File My 2012 Taxes LateWww Irs GovefileFile 2010 Income TaxIt 1040xHr Block Free EditionAmend 2012 Tax Return FreeAmendment To 2010 Tax ReturnH&r Block Online FilingMilitary Tax DiscountsFree 1040ezFile State And Federal Taxes For FreeFree State Tax Preparation2011 Irs Form 1040How To File 2011 Tax ReturnHow Do I File My 2009 Taxes OnlineHow Do I File Taxes For 2010Hr Block For MilitaryFile 1040ezAmending 2010 Tax ReturnAmend My ReturnFile 2010 Taxes OnlineFile Prior Year Taxes OnlineH And R Block Tax ReturnTax Forms For Self Employed

1040 Tax Forms

1040 tax forms 5. 1040 tax forms   Taxes Table of Contents What's New Introduction Topics - This chapter discusses: Useful Items - You may want to see: When To Deduct Taxes Real Estate TaxesSeparate elections. 1040 tax forms Making the election. 1040 tax forms Form 3115. 1040 tax forms Income TaxesAccrual of contested income taxes. 1040 tax forms Employment Taxes Other TaxesAdditional Medicare Tax. 1040 tax forms What's New Additional Medicare Tax. 1040 tax forms  Beginning in 2013, you must withhold a 0. 1040 tax forms 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. 1040 tax forms Also, self-employed individuals may be required to pay Additional Medicare Tax on self-employment income. 1040 tax forms See Employment Taxes , and Self-employment tax , later. 1040 tax forms Introduction You can deduct various federal, state, local, and foreign taxes directly attributable to your trade or business as business expenses. 1040 tax forms You cannot deduct federal income taxes, estate and gift taxes, or state inheritance, legacy, and succession taxes. 1040 tax forms Topics - This chapter discusses: When to deduct taxes Real estate taxes Income taxes Employment taxes Other taxes Useful Items - You may want to see: Publication 15 (Circular E), Employer's Tax Guide 334 Tax Guide for Small Business 510 Excise Taxes 538 Accounting Periods and Methods 551 Basis of Assets Form (and Instructions) Sch A (Form 1040) Itemized Deductions Sch SE (Form 1040) Self-Employment Tax 3115 Application for Change in Accounting Method 8959 Additional Medicare Tax See chapter 12 for information about getting publications and forms. 1040 tax forms When To Deduct Taxes Generally, you can only deduct taxes in the year you pay them. 1040 tax forms This applies whether you use the cash method or an accrual method of accounting. 1040 tax forms Under an accrual method, you can deduct a tax before you pay it if you meet the exception for recurring items discussed under Economic Performance in Publication 538. 1040 tax forms You can also elect to ratably accrue real estate taxes as discussed later under Real Estate Taxes . 1040 tax forms Limit on accrual of taxes. 1040 tax forms   A taxing jurisdiction can require the use of a date for accruing taxes that is earlier than the date it originally required. 1040 tax forms However, if you use an accrual method, and can deduct the tax before you pay it, use the original accrual date for the year of change and all future years to determine when you can deduct the tax. 1040 tax forms Example. 1040 tax forms Your state imposes a tax on personal property used in a trade or business conducted in the state. 1040 tax forms This tax is assessed and becomes a lien as of July 1 (accrual date). 1040 tax forms In 2013, the state changed the assessment and lien dates from July 1, 2014, to December 31, 2013, for property tax year 2014. 1040 tax forms Use the original accrual date (July 1, 2014) to determine when you can deduct the tax. 1040 tax forms You must also use the July 1 accrual date for all future years to determine when you can deduct the tax. 1040 tax forms Uniform capitalization rules. 1040 tax forms   Uniform capitalization rules apply to certain taxpayers who produce real property or tangible personal property for use in a trade or business or for sale to customers. 1040 tax forms They also apply to certain taxpayers who acquire property for resale. 1040 tax forms Under these rules, you either include certain costs in inventory or capitalize certain expenses related to the property, such as taxes. 1040 tax forms For more information, see chapter 1. 1040 tax forms Carrying charges. 1040 tax forms   Carrying charges include taxes you pay to carry or develop real estate or to carry, transport, or install personal property. 1040 tax forms You can elect to capitalize carrying charges not subject to the uniform capitalization rules if they are otherwise deductible. 1040 tax forms For more information, see chapter 7. 1040 tax forms Refunds of taxes. 1040 tax forms   If you receive a refund for any taxes you deducted in an earlier year, include the refund in income to the extent the deduction reduced your federal income tax in the earlier year. 1040 tax forms For more information, see Recovery of amount deducted (tax benefit rule) in chapter 1. 1040 tax forms    You must include in income any interest you receive on tax refunds. 1040 tax forms Real Estate Taxes Deductible real estate taxes are any state, local, or foreign taxes on real estate levied for the general public welfare. 1040 tax forms The taxing authority must base the taxes on the assessed value of the real estate and charge them uniformly against all property under its jurisdiction. 1040 tax forms Deductible real estate taxes generally do not include taxes charged for local benefits and improvements that increase the value of the property. 1040 tax forms See Taxes for local benefits , later. 1040 tax forms If you use an accrual method, you generally cannot accrue real estate taxes until you pay them to the government authority. 1040 tax forms However, you can elect to ratably accrue the taxes during the year. 1040 tax forms See Electing to ratably accrue , later. 1040 tax forms Taxes for local benefits. 1040 tax forms   Generally, you cannot deduct taxes charged for local benefits and improvements that tend to increase the value of your property. 1040 tax forms These include assessments for streets, sidewalks, water mains, sewer lines, and public parking facilities. 1040 tax forms You should increase the basis of your property by the amount of the assessment. 1040 tax forms   You can deduct taxes for these local benefits only if the taxes are for maintenance, repairs, or interest charges related to those benefits. 1040 tax forms If part of the tax is for maintenance, repairs, or interest, you must be able to show how much of the tax is for these expenses to claim a deduction for that part of the tax. 1040 tax forms Example. 1040 tax forms To improve downtown commercial business, Waterfront City converted a downtown business area street into an enclosed pedestrian mall. 1040 tax forms The city assessed the full cost of construction, financed with 10-year bonds, against the affected properties. 1040 tax forms The city is paying the principal and interest with the annual payments made by the property owners. 1040 tax forms The assessments for construction costs are not deductible as taxes or as business expenses, but are depreciable capital expenses. 1040 tax forms The part of the payments used to pay the interest charges on the bonds is deductible as taxes. 1040 tax forms Charges for services. 1040 tax forms   Water bills, sewerage, and other service charges assessed against your business property are not real estate taxes, but are deductible as business expenses. 1040 tax forms Purchase or sale of real estate. 1040 tax forms   If real estate is sold, the real estate taxes must be allocated between the buyer and the seller. 1040 tax forms   The buyer and seller must allocate the real estate taxes according to the number of days in the real property tax year (the period to which the tax imposed relates) that each owned the property. 1040 tax forms Treat the seller as paying the taxes up to but not including the date of sale. 1040 tax forms Treat the buyer as paying the taxes beginning with the date of sale. 1040 tax forms You can usually find this information on the settlement statement you received at closing. 1040 tax forms   If you (the seller) use an accrual method and have not elected to ratably accrue real estate taxes, you are considered to have accrued your part of the tax on the date you sell the property. 1040 tax forms Example. 1040 tax forms Alberto Verde, a calendar year accrual method taxpayer, owns real estate in Olmo County. 1040 tax forms He has not elected to ratably accrue property taxes. 1040 tax forms November 30 of each year is the assessment and lien date for the current real property tax year, which is the calendar year. 1040 tax forms He sold the property on June 30, 2013. 1040 tax forms Under his accounting method he would not be able to claim a deduction for the taxes because the sale occurred before November 30. 1040 tax forms He is treated as having accrued his part of the tax, 181/366  (January 1–June 29), on June 30, and he can deduct it for 2013. 1040 tax forms Electing to ratably accrue. 1040 tax forms   If you use an accrual method, you can elect to accrue real estate tax related to a definite period ratably over that period. 1040 tax forms Example. 1040 tax forms Juan Sanchez is a calendar year taxpayer who uses an accrual method. 1040 tax forms His real estate taxes for the real property tax year, July 1, 2013, to June 30, 2014, are $1,200. 1040 tax forms July 1 is the assessment and lien date. 1040 tax forms If Juan elects to ratably accrue the taxes, $600 will accrue in 2013 ($1,200 × 6/12, July 1–December 31) and the balance will accrue in 2014. 1040 tax forms Separate elections. 1040 tax forms   You can elect to ratably accrue the taxes for each separate trade or business and for nonbusiness activities if you account for them separately. 1040 tax forms Once you elect to ratably accrue real estate taxes, you must use that method unless you get permission from the IRS to change. 1040 tax forms See Form 3115 , later. 1040 tax forms Making the election. 1040 tax forms   If you elect to ratably accrue the taxes for the first year in which you incur real estate taxes, attach a statement to your income tax return for that year. 1040 tax forms The statement should show all the following items. 1040 tax forms The trades or businesses to which the election applies and the accounting method or methods used. 1040 tax forms The period to which the taxes relate. 1040 tax forms The computation of the real estate tax deduction for that first year. 1040 tax forms   Generally, you must file your return by the due date (including extensions). 1040 tax forms However, if you timely filed your return for the year without electing to ratably accrue, you can still make the election by filing an amended return within 6 months after the due date of the return (excluding extensions). 1040 tax forms Attach the statement to the amended return and write “Filed pursuant to section 301. 1040 tax forms 9100-2” on the statement. 1040 tax forms File the amended return at the same address where you filed the original return. 1040 tax forms Form 3115. 1040 tax forms    If you elect to ratably accrue real estate taxes for a year after the first year in which you incur real estate taxes, or if you want to revoke your election to ratably accrue real estate taxes, file Form 3115. 1040 tax forms For more information, including applicable time frames for filing, see the Instructions for Form 3115. 1040 tax forms Note. 1040 tax forms If you are filing an application for a change in accounting method filed after January 9, 2011, for a year of change ending after April 29, 2010, see Revenue Procedure 2011-14, 2011-4 I. 1040 tax forms R. 1040 tax forms B. 1040 tax forms 330, as modified and clarified by Revenue Procedure 2012-19, 2012-14 I. 1040 tax forms R. 1040 tax forms B. 1040 tax forms 689, and Revenue Procedure 2012-20, 2012-14 I. 1040 tax forms R. 1040 tax forms B. 1040 tax forms 700, or any successor. 1040 tax forms Revenue Procedure 2011-14 is available at  www. 1040 tax forms irs. 1040 tax forms gov/irb/2011-04IRB/ar08. 1040 tax forms html. 1040 tax forms Income Taxes This section discusses federal, state, local, and foreign income taxes. 1040 tax forms Federal income taxes. 1040 tax forms   You cannot deduct federal income taxes. 1040 tax forms State and local income taxes. 1040 tax forms   A corporation or partnership can deduct state and local income taxes imposed on the corporation or partnership as business expenses. 1040 tax forms An individual can deduct state and local income taxes only as an itemized deduction on Schedule A (Form 1040). 1040 tax forms   However, an individual can deduct a state tax on gross income (as distinguished from net income) directly attributable to a trade or business as a business expense. 1040 tax forms Accrual of contested income taxes. 1040 tax forms   If you use an accrual method, and you contest a state or local income tax liability, you must accrue and deduct any contested amount in the tax year in which the liability is finally determined. 1040 tax forms   If additional state or local income taxes for a prior year are assessed in a later year, you can deduct the taxes in the year in which they were originally imposed (the prior year) if the tax liability is not contested. 1040 tax forms You cannot deduct them in the year in which the liability is finally determined. 1040 tax forms    The filing of an income tax return is not considered a contest and, in the absence of an overt act of protest, you can deduct the tax in the prior year. 1040 tax forms Also, you can deduct any additional taxes in the prior year if you do not show some affirmative evidence of denial of the liability. 1040 tax forms   However, if you consistently deduct additional assessments in the year they are paid or finally determined (including those for which there was no contest), you must continue to do so. 1040 tax forms You cannot take a deduction in the earlier year unless you receive permission to change your method of accounting. 1040 tax forms For more information on accounting methods, see When Can I Deduct an Expense in chapter 1. 1040 tax forms Foreign income taxes. 1040 tax forms   Generally, you can take either a deduction or a credit for income taxes imposed on you by a foreign country or a U. 1040 tax forms S. 1040 tax forms possession. 1040 tax forms However, an individual cannot take a deduction or credit for foreign income taxes paid on income that is exempt from U. 1040 tax forms S. 1040 tax forms tax under the foreign earned income exclusion or the foreign housing exclusion. 1040 tax forms For information on these exclusions, see Publication 54, Tax Guide for U. 1040 tax forms S. 1040 tax forms Citizens and Resident Aliens Abroad. 1040 tax forms For information on the foreign tax credit, see Publication 514, Foreign Tax Credit for Individuals. 1040 tax forms Employment Taxes If you have employees, you must withhold various taxes from your employees' pay. 1040 tax forms Most employers must withhold their employees' share of social security, Medicare taxes, and Additional Medicare Tax (if applicable) along with state and federal income taxes. 1040 tax forms You may also need to pay certain employment taxes from your own funds. 1040 tax forms These include your share of social security and Medicare taxes as an employer, along with unemployment taxes. 1040 tax forms Note. 1040 tax forms Additional Medicare Tax is only imposed on the employee. 1040 tax forms There is no employer share of Additional Medicare Tax. 1040 tax forms Your deduction for wages paid is not reduced by the social security and Medicare taxes, Additional Medicare Tax, and income taxes you withhold from your employees. 1040 tax forms You can deduct the employment taxes you must pay from your own funds as taxes. 1040 tax forms Example. 1040 tax forms You pay your employee $18,000 a year. 1040 tax forms However, after you withhold various taxes, your employee receives $14,500. 1040 tax forms You also pay an additional $1,500 in employment taxes. 1040 tax forms You should deduct the full $18,000 as wages. 1040 tax forms You can deduct the $1,500 you pay from your own funds as taxes. 1040 tax forms For more information on employment taxes, see Publication 15 (Circular E). 1040 tax forms Unemployment fund taxes. 1040 tax forms   As an employer, you may have to make payments to a state unemployment compensation fund or to a state disability benefit fund. 1040 tax forms Deduct these payments as taxes. 1040 tax forms Other Taxes The following are other taxes you can deduct if you incur them in the ordinary course of your trade or business. 1040 tax forms Excise taxes. 1040 tax forms   Generally, you can deduct as a business expense all excise taxes that are ordinary and necessary expenses of carrying on your trade or business. 1040 tax forms However, see Fuel taxes , later. 1040 tax forms   For more information on excise taxes, see Publication 510. 1040 tax forms Franchise taxes. 1040 tax forms   You can deduct corporate franchise taxes as a business expense. 1040 tax forms Fuel taxes. 1040 tax forms   Generally, taxes on gasoline, diesel fuel, and other motor fuels that you use in your business are included as part of the cost of the fuel. 1040 tax forms Do not deduct these taxes as a separate item. 1040 tax forms   You may be entitled to a credit or refund for federal excise tax you paid on fuels used for certain purposes. 1040 tax forms For more information, see Publication 510. 1040 tax forms Occupational taxes. 1040 tax forms   You can deduct as a business expense an occupational tax charged at a flat rate by a locality for the privilege of working or conducting a business in the locality. 1040 tax forms Personal property tax. 1040 tax forms   You can deduct any tax imposed by a state or local government on personal property used in your trade or business. 1040 tax forms Sales tax. 1040 tax forms   Treat any sales tax you pay on a service or on the purchase or use of property as part of the cost of the service or property. 1040 tax forms If the service or the cost or use of the property is a deductible business expense, you can deduct the tax as part of that service or cost. 1040 tax forms If the property is merchandise bought for resale, the sales tax is part of the cost of the merchandise. 1040 tax forms If the property is depreciable, add the sales tax to the basis for depreciation. 1040 tax forms For more information on basis, see Publication 551. 1040 tax forms    Do not deduct state and local sales taxes imposed on the buyer that you must collect and pay over to the state or local government. 1040 tax forms Also, do not include these taxes in gross receipts or sales. 1040 tax forms Self-employment tax. 1040 tax forms   You can deduct part of your self-employment tax as a business expense in figuring your adjusted gross income. 1040 tax forms This deduction only affects your income tax. 1040 tax forms It does not affect your net earnings from self-employment or your self-employment tax. 1040 tax forms   To deduct the tax, enter on Form 1040, line 27, the amount shown on the Deduction for one-half of self-employment tax line of Schedule SE (Form 1040). 1040 tax forms   For more information on self-employment tax, see Publication 334. 1040 tax forms Additional Medicare Tax. 1040 tax forms   Beginning in 2013, you may be required to pay Additional Medicare Tax on self-employment income. 1040 tax forms See Form 8959 and the Instructions for Form 8959 for more information on the Additional Medicare Tax. 1040 tax forms Prev  Up  Next   Home   More Online Publications
Español

Government Sales and Auctions

Buy new, seized, and surplus merchandise and real estate from the government. Some items sold online by auction or fixed price. Others available by public auction, sealed bid, or contract with a Realtor.


The 1040 Tax Forms

1040 tax forms Part Six -   Figuring Your Taxes and Credits The eight chapters in this part explain how to figure your tax and how to figure the tax of certain children who have more than $2,000 of unearned income. 1040 tax forms They also discuss tax credits that, unlike deductions, are subtracted directly from your tax and reduce your tax dollar for dollar. 1040 tax forms Chapter 36 discusses the earned income credit. 1040 tax forms Chapter 37 discusses a wide variety of other credits, such as the adoption credit. 1040 tax forms Table of Contents 30. 1040 tax forms   How To Figure Your TaxIntroduction Figuring Your Tax Alternative Minimum Tax (AMT) Tax Figured by IRSFiling the Return 31. 1040 tax forms   Tax on Unearned Income of Certain ChildrenWhat's New Introduction Useful Items - You may want to see: Which Parent's Return To UseParents Who Do Not File a Joint Return Parent's Election To Report Child's Interest and DividendsEffect of Making the Election Figuring Child's Income Figuring Additional Tax Tax for Certain Children Who Have Unearned IncomeProviding Parental Information (Form 8615, lines A–C) Step 1. 1040 tax forms Figuring the Child's Net Unearned Income (Form 8615, Part I) Step 2. 1040 tax forms Figuring Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) Step 3. 1040 tax forms Figuring the Child's Tax (Form 8615, Part III) 32. 1040 tax forms   Child and Dependent Care CreditReminders Introduction Useful Items - You may want to see: Tests To Claim the CreditQualifying Person Test Earned Income Test Work-Related Expense Test Joint Return Test Provider Identification Test How To Figure the CreditFiguring Total Work-Related Expenses Earned Income Limit Dollar Limit Amount of Credit How To Claim the CreditTax credit not refundable. 1040 tax forms Employment Taxes for Household Employers 33. 1040 tax forms   Credit for the Elderly or the DisabledIntroduction Useful Items - You may want to see: Are You Eligible for the Credit?Qualified Individual Income Limits How to Claim the CreditCredit Figured for You Credit Figured by You 34. 1040 tax forms   Child Tax CreditIntroduction Useful Items - You may want to see: Qualifying Child Amount of CreditLimits on the Credit Claiming the Credit Additional Child Tax Credit Completing Schedule 8812 (Form 1040A or 1040)Part I Parts II–IV 35. 1040 tax forms   Education CreditsIntroduction Useful Items - You may want to see: Who Can Claim an Education Credit Qualified Education ExpensesNo Double Benefit Allowed Adjustments to Qualified Education Expenses 36. 1040 tax forms   Earned Income Credit (EIC)What's New Reminders Introduction Useful Items - You may want to see: Do You Qualify for the Credit?If Improper Claim Made in Prior Year Part A. 1040 tax forms Rules for EveryoneRule 1. 1040 tax forms Your AGI Must Be Less Than: Rule 2. 1040 tax forms You Must Have a Valid Social Security Number (SSN) Rule 3. 1040 tax forms Your Filing Status Cannot Be Married Filing Separately Rule 4. 1040 tax forms You Must Be a U. 1040 tax forms S. 1040 tax forms Citizen or Resident Alien All Year Rule 5. 1040 tax forms You Cannot File Form 2555 or Form 2555-EZ Rule 6. 1040 tax forms Your Investment Income Must Be $3,300 or Less Rule 7. 1040 tax forms You Must Have Earned Income Part B. 1040 tax forms Rules If You Have a Qualifying ChildRule 8. 1040 tax forms Your Child Must Meet the Relationship, Age, Residency, and Joint Return Tests Rule 9. 1040 tax forms Your Qualifying Child Cannot Be Used By More Than One Person To Claim the EIC Rule 10. 1040 tax forms You Cannot Be a Qualifying Child of Another Taxpayer Part C. 1040 tax forms Rules If You Do Not Have a Qualifying ChildRule 11. 1040 tax forms You Must Be at Least Age 25 but Under Age 65 Rule 12. 1040 tax forms You Cannot Be the Dependent of Another Person Rule 13. 1040 tax forms You Cannot Be a Qualifying Child of Another Taxpayer Rule 14. 1040 tax forms You Must Have Lived in the United States More Than Half of the Year Part D. 1040 tax forms Figuring and Claiming the EICRule 15. 1040 tax forms Your Earned Income Must Be Less Than: IRS Will Figure the EIC for You How To Figure the EIC Yourself ExamplesExample 1. 1040 tax forms John and Janet Smith (Form 1040A) Example 2. 1040 tax forms Kelly Green (Form 1040EZ) 37. 1040 tax forms   Other CreditsWhat's New Introduction Useful Items - You may want to see: Nonrefundable CreditsAdoption Credit Alternative Motor Vehicle Credit Alternative Fuel Vehicle Refueling Property Credit Credit to Holders of Tax Credit Bonds Foreign Tax Credit Mortgage Interest Credit Nonrefundable Credit for Prior Year Minimum Tax Plug-in Electric Drive Motor Vehicle Credit Residential Energy Credits Retirement Savings Contributions Credit (Saver's Credit) Refundable CreditsCredit for Tax on Undistributed Capital Gain Health Coverage Tax Credit Credit for Excess Social Security Tax or Railroad Retirement Tax Withheld Prev  Up  Next   Home   More Online Publications