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

1040ez 2011 Form Pdf

Www Irs Gov Efile1040ez Form 2013 PdfTax AmendmentTurbotax Online1040x Tax Return1040 Ez For 2011Form 1040ez 2012Irs Forms 1040xIrs Gov FreefilefillableformsFree Tax Amendment2011 Tax TablesFree Tax Preparation Software1040ez Form OnlineH And R Block Free EfileIrs Form 1040xAmended Federal Tax ReturnFree Online State Tax Return1040ez InstructionsWhere Can I File My State And Federal Taxes Online For FreeFile State Taxes Online Free1040x Amendment FormState Taxes Free Online2011 Free Efile Taxes2012 Federal Tax FormsFreetaxusa Coupon State ReturnWww Irs Gov Amended ReturnInformation About Tax Returns For Students1040ez Tax Forms 2014How To File Amended Tax Return Turbotax1040ez Form 2013Federal TaxesH&r Block Military Free FileTax Table For 1040ez Form1040x Forms OnlineFree Income TaxTax Act 2011Free Hr Block1040ez Printable Tax FormsOnline 1040ezH&r Block Advantage

1040ez 2011 Form Pdf

1040ez 2011 form pdf 2. 1040ez 2011 form pdf   Source of Income Table of Contents Introduction Topics - This chapter discusses: Resident Aliens Nonresident AliensInterest Income Dividends Guarantee of Indebtedness Personal Services Transportation Income Scholarships, Grants, Prizes, and Awards Pensions and Annuities Rents or Royalties Real Property Personal Property Community Income Introduction After you have determined your alien status, you must determine the source of your income. 1040ez 2011 form pdf This chapter will help you determine the source of different types of income you may receive during the tax year. 1040ez 2011 form pdf This chapter also discusses special rules for married individuals who are domiciled in a country with community property laws. 1040ez 2011 form pdf Topics - This chapter discusses: Income source rules, and Community income. 1040ez 2011 form pdf Resident Aliens A resident alien's income is generally subject to tax in the same manner as a U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf citizen. 1040ez 2011 form pdf If you are a resident alien, you must report all interest, dividends, wages, or other compensation for services, income from rental property or royalties, and other types of income on your U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf tax return. 1040ez 2011 form pdf You must report these amounts from sources within and outside the United States. 1040ez 2011 form pdf Nonresident Aliens A nonresident alien usually is subject to U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf income tax only on U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source income. 1040ez 2011 form pdf Under limited circumstances, certain foreign source income is subject to U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf tax. 1040ez 2011 form pdf See Foreign Income in chapter 4. 1040ez 2011 form pdf The general rules for determining U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source income that apply to most nonresident aliens are shown in Table 2-1. 1040ez 2011 form pdf The following discussions cover the general rules as well as the exceptions to these rules. 1040ez 2011 form pdf Not all items of U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source income are taxable. 1040ez 2011 form pdf See chapter 3. 1040ez 2011 form pdf Interest Income Generally, U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source interest income includes the following items. 1040ez 2011 form pdf Interest on bonds, notes, or other interest-bearing obligations of U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf residents or domestic corporations. 1040ez 2011 form pdf Interest paid by a domestic or foreign partnership or foreign corporation engaged in a U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf trade or business at any time during the tax year. 1040ez 2011 form pdf Original issue discount. 1040ez 2011 form pdf Interest from a state, the District of Columbia, or the U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf Government. 1040ez 2011 form pdf The place or manner of payment is immaterial in determining the source of the income. 1040ez 2011 form pdf A substitute interest payment made to the transferor of a security in a securities lending transaction or a sale-repurchase transaction is sourced in the same manner as the interest on the transferred security. 1040ez 2011 form pdf Exceptions. 1040ez 2011 form pdf   U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source interest income does not include the following items. 1040ez 2011 form pdf Interest paid by a resident alien or a domestic corporation on obligations issued before August 10, 2010, if for the 3-year period ending with the close of the payer's tax year preceding the interest payment, at least 80% of the payer's total gross income: Is from sources outside the United States, and Is attributable to the active conduct of a trade or business by the individual or corporation in a foreign country or a U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf possession. 1040ez 2011 form pdf However, the interest will be considered U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source interest income if either of the following apply. 1040ez 2011 form pdf The recipient of the interest is related to the resident alien or domestic corporation. 1040ez 2011 form pdf See section 954(d)(3) for the definition of related person. 1040ez 2011 form pdf The terms of the obligation are significantly modified after August 9, 2010. 1040ez 2011 form pdf Any extension of the term of the obligation is considered a significant modification. 1040ez 2011 form pdf Interest paid by a foreign branch of a domestic corporation or a domestic partnership on deposits or withdrawable accounts with mutual savings banks, cooperative banks, credit unions, domestic building and loan associations, and other savings institutions chartered and supervised as savings and loan or similar associations under federal or state law if the interest paid or credited can be deducted by the association. 1040ez 2011 form pdf Interest on deposits with a foreign branch of a domestic corporation or domestic partnership, but only if the branch is in the commercial banking business. 1040ez 2011 form pdf Dividends In most cases, dividend income received from domestic corporations is U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source income. 1040ez 2011 form pdf Dividend income from foreign corporations is usually foreign source income. 1040ez 2011 form pdf Exceptions to both of these rules are discussed below. 1040ez 2011 form pdf A substitute dividend payment made to the transferor of a security in a securities lending transaction or a sale-repurchase transaction is sourced in the same manner as a distribution on the transferred security. 1040ez 2011 form pdf Dividend equivalent payments. 1040ez 2011 form pdf   U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source dividends also include all dividend equivalent payments. 1040ez 2011 form pdf Dividend equivalent payments include substitute dividends, payments made pursuant to a specified notional principal contract, and all similar payments that, directly or indirectly, are contingent on or determined by reference to, the payment of a dividend from U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf sources. 1040ez 2011 form pdf    The Internal Revenue Service has issued final regulations that would affect the treatment of dividend equivalent payments and specified notional principal contracts. 1040ez 2011 form pdf You can view this regulation at www. 1040ez 2011 form pdf irs. 1040ez 2011 form pdf gov/irb/2013-52_IRB/ar08. 1040ez 2011 form pdf html. 1040ez 2011 form pdf First exception. 1040ez 2011 form pdf   Dividends received from a domestic corporation are not U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source income if the corporation elects to take the American Samoa economic development credit. 1040ez 2011 form pdf Second exception. 1040ez 2011 form pdf   Part of the dividends received from a foreign corporation is U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source income if 25% or more of its total gross income for the 3-year period ending with the close of its tax year preceding the declaration of dividends was effectively connected with a trade or business in the United States. 1040ez 2011 form pdf If the corporation was formed less than 3 years before the declaration, use its total gross income from the time it was formed. 1040ez 2011 form pdf Determine the part that is U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source income by multiplying the dividend by the following fraction. 1040ez 2011 form pdf   Foreign corporation's gross income connected with a U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf trade or business for the 3-year period     Foreign corporation's gross income from all sources for that period   Guarantee of Indebtedness Certain amounts received directly or indirectly, for the provision of a guarantee of indebtedness issued after September 27, 2010, are U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source income. 1040ez 2011 form pdf They must be paid by a noncorporate resident or U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf corporation or by any foreign person if the amounts are effectively connected with the conduct of a U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf trade or business. 1040ez 2011 form pdf For more information, see Internal Revenue Code sections 861(a)(9) and 862(a)(9). 1040ez 2011 form pdf Personal Services All wages and any other compensation for services performed in the United States are considered to be from sources in the United States. 1040ez 2011 form pdf The only exceptions to this rule are discussed in chapter 3 under Employees of foreign persons, organizations, or offices, and under Crew members. 1040ez 2011 form pdf If you are an employee and receive compensation for labor or personal services performed both inside and outside the United States, special rules apply in determining the source of the compensation. 1040ez 2011 form pdf Compensation (other than certain fringe benefits) is sourced on a time basis. 1040ez 2011 form pdf Certain fringe benefits (such as housing and education) are sourced on a geographical basis. 1040ez 2011 form pdf Or, you may be permitted to use an alternative basis to determine the source of compensation. 1040ez 2011 form pdf See Alternative Basis , later. 1040ez 2011 form pdf Multi-level marketing. 1040ez 2011 form pdf   Certain companies sell products through a multi-level marketing arrangement, such that an upper-tier distributor, who has sponsored a lower-tier distributor, is entitled to a payment from the company based on certain activities of that lower-tier distributor. 1040ez 2011 form pdf Generally, depending on the facts, payments from such multi-level marketing companies to independent (non-employee) distributors (upper-tier distributors) that are based on the sales or purchases of persons whom they have sponsored (lower-tier distributors) constitute income for the performance of personal services in recruiting, training, and supporting the lower-tier distributors. 1040ez 2011 form pdf The source of such income is generally based on where the services of the upper-tier distributor are performed, and may, depending on the facts, be considered multi-year compensation, with the source of income determined over the period to which such compensation is attributable. 1040ez 2011 form pdf Self-employed individuals. 1040ez 2011 form pdf   If you are self-employed, you determine the source of compensation for labor or personal services from self-employment on the basis that most correctly reflects the proper source of that income under the facts and circumstances of your particular case. 1040ez 2011 form pdf In many cases, the facts and circumstances will call for an apportionment on a time basis as explained next. 1040ez 2011 form pdf Time Basis Use a time basis to figure your U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source compensation (other than the fringe benefits discussed later). 1040ez 2011 form pdf Do this by multiplying your total compensation (other than the fringe benefits discussed later) by the following fraction:   Number of days you performed services in the United States during the year     Total number of days you performed services during the year   You can use a unit of time less than a day in the above fraction, if appropriate. 1040ez 2011 form pdf The time period for which the compensation is made does not have to be a year. 1040ez 2011 form pdf Instead, you can use another distinct, separate, and continuous time period if you can establish to the satisfaction of the IRS that this other period is more appropriate. 1040ez 2011 form pdf Example 1. 1040ez 2011 form pdf Christina Brooks, a resident of the Netherlands, worked 240 days for a U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf company during the tax year. 1040ez 2011 form pdf She received $80,000 in compensation. 1040ez 2011 form pdf None of it was for fringe benefits. 1040ez 2011 form pdf Christina performed services in the United States for 60 days and performed services in the Netherlands for 180 days. 1040ez 2011 form pdf Using the time basis for determining the source of compensation, $20,000 ($80,000 × 60/240) is her U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source income. 1040ez 2011 form pdf Example 2. 1040ez 2011 form pdf Rob Waters, a resident of South Africa, is employed by a corporation. 1040ez 2011 form pdf His annual salary is $100,000. 1040ez 2011 form pdf None of it is for fringe benefits. 1040ez 2011 form pdf During the first quarter of the year he worked entirely within the United States. 1040ez 2011 form pdf On April 1, Rob was transferred to Singapore for the remainder of the year. 1040ez 2011 form pdf Rob is able to establish that the first quarter of the year and the last 3 quarters of the year are two separate, distinct, and continuous periods of time. 1040ez 2011 form pdf Accordingly, $25,000 of Rob's annual salary is attributable to the first quarter of the year (. 1040ez 2011 form pdf 25 × $100,000). 1040ez 2011 form pdf All of it is U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source income because he worked entirely within the United States during that quarter. 1040ez 2011 form pdf The remaining $75,000 is attributable to the last three quarters of the year. 1040ez 2011 form pdf During those quarters, he worked 150 days in Singapore and 30 days in the United States. 1040ez 2011 form pdf His periodic performance of services in the United States did not result in distinct, separate, and continuous periods of time. 1040ez 2011 form pdf Of this $75,000, $12,500 ($75,000 × 30/180) is U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source income. 1040ez 2011 form pdf Multi-year compensation. 1040ez 2011 form pdf   The source of multi-year compensation is generally determined on a time basis over the period to which the compensation is attributable. 1040ez 2011 form pdf Multi-year compensation is compensation that is included in your income in one tax year but that is attributable to a period that includes two or more tax years. 1040ez 2011 form pdf   You determine the period to which the compensation is attributable based on the facts and circumstances of your case. 1040ez 2011 form pdf For example, an amount of compensation that specifically relates to a period of time that includes several calendar years is attributable to the entire multi-year period. 1040ez 2011 form pdf   The amount of compensation treated as from U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf sources is figured by multiplying the total multi-year compensation by a fraction. 1040ez 2011 form pdf The numerator of the fraction is the number of days (or unit of time less than a day, if appropriate) that you performed labor or personal services in the United States in connection with the project. 1040ez 2011 form pdf The denominator of the fraction is the total number of days (or unit of time less than a day, if appropriate) that you performed labor or personal services in connection with the project. 1040ez 2011 form pdf Geographical Basis Compensation you receive as an employee in the form of the following fringe benefits is sourced on a geographical basis. 1040ez 2011 form pdf Housing. 1040ez 2011 form pdf Education. 1040ez 2011 form pdf Local transportation. 1040ez 2011 form pdf Tax reimbursement. 1040ez 2011 form pdf Hazardous or hardship duty pay as defined in Regulations section 1. 1040ez 2011 form pdf 861-4(b)(2)(ii)(D)(5). 1040ez 2011 form pdf Moving expense reimbursement. 1040ez 2011 form pdf The amount of fringe benefits must be reasonable and you must substantiate them by adequate records or by sufficient evidence. 1040ez 2011 form pdf Principal place of work. 1040ez 2011 form pdf   The above fringe benefits, except for tax reimbursement and hazardous or hardship duty pay, are sourced based on your principal place of work. 1040ez 2011 form pdf Your principal place of work is usually the place where you spend most of your working time. 1040ez 2011 form pdf This could be your office, plant, store, shop, or other location. 1040ez 2011 form pdf If there is no one place where you spend most of your working time, your main job location is the place where your work is centered, such as where you report for work or are otherwise required to “base” your work. 1040ez 2011 form pdf   If you have more than one job at any time, your main job location depends on the facts in each case. 1040ez 2011 form pdf The more important factors to be considered are: The total time you spend at each place, The amount of work you do at each place, and How much money you earn at each place. 1040ez 2011 form pdf Housing. 1040ez 2011 form pdf   The source of a housing fringe benefit is determined based on the location of your principal place of work. 1040ez 2011 form pdf A housing fringe benefit includes payments to you or on your behalf (and your family's if your family resides with you) only for the following. 1040ez 2011 form pdf Rent. 1040ez 2011 form pdf Utilities (except telephone charges). 1040ez 2011 form pdf Real and personal property insurance. 1040ez 2011 form pdf Occupancy taxes not deductible under section 164 or 216(a). 1040ez 2011 form pdf Nonrefundable fees for securing a leasehold. 1040ez 2011 form pdf Rental of furniture and accessories. 1040ez 2011 form pdf Household repairs. 1040ez 2011 form pdf Residential parking. 1040ez 2011 form pdf Fair rental value of housing provided in kind by your employer. 1040ez 2011 form pdf   A housing fringe benefit does not include: Deductible interest and taxes (including deductible interest and taxes of a tenant-stockholder in a cooperative housing corporation), The cost of buying property, including principal payments on a mortgage, The cost of domestic labor (maids, gardeners, etc. 1040ez 2011 form pdf ), Pay television subscriptions, Improvements and other expenses that increase the value or appreciably prolong the life of property, Purchased furniture or accessories, Depreciation or amortization of property or improvements, The value of meals or lodging that you exclude from gross income, or The value of meals or lodging that you deduct as moving expenses. 1040ez 2011 form pdf Education. 1040ez 2011 form pdf   The source of an education fringe benefit for the education expenses of your dependents is determined based on the location of your principal place of work. 1040ez 2011 form pdf An education fringe benefit includes payments only for the following expenses for education at an elementary or secondary school. 1040ez 2011 form pdf Tuition, fees, academic tutoring, special needs services for a special needs student, books, supplies, and other equipment. 1040ez 2011 form pdf Room and board and uniforms that are required or provided by the school in connection with enrollment or attendance. 1040ez 2011 form pdf Local transportation. 1040ez 2011 form pdf   The source of a local transportation fringe benefit is determined based on the location of your principal place of work. 1040ez 2011 form pdf Your local transportation fringe benefit is the amount that you receive as compensation for local transportation for you or your spouse or dependents at the location of your principal place of work. 1040ez 2011 form pdf The amount treated as a local transportation fringe benefit is limited to actual expenses incurred for local transportation and the fair rental value of any employer-provided vehicle used predominantly by you, your spouse, or your dependents for local transportation. 1040ez 2011 form pdf Actual expenses do not include the cost (including interest) of any vehicle purchased by you or on your behalf. 1040ez 2011 form pdf Tax reimbursement. 1040ez 2011 form pdf   The source of a tax reimbursement fringe benefit is determined based on the location of the jurisdiction that imposed the tax for which you are reimbursed. 1040ez 2011 form pdf Moving expense reimbursement. 1040ez 2011 form pdf   The source of a moving expense reimbursement is generally based on the location of your new principal place of work. 1040ez 2011 form pdf However, the source is determined based on the location of your former principal place of work if you provide sufficient evidence that such determination of source is more appropriate under the facts and circumstances of your case. 1040ez 2011 form pdf Sufficient evidence generally requires an agreement between you and your employer, or a written statement of company policy, which is reduced to writing before the move and which is entered into or established to induce you or other employees to move to another country. 1040ez 2011 form pdf The written statement or agreement must state that your employer will reimburse you for moving expenses that you incur to return to your former principal place of work regardless of whether you continue to work for your employer after returning to that location. 1040ez 2011 form pdf It may contain certain conditions upon which the right to reimbursement is determined as long as those conditions set forth standards that are definitely ascertainable and can only be fulfilled prior to, or through completion of, your return move to your former principal place of work. 1040ez 2011 form pdf Alternative Basis If you are an employee, you can determine the source of your compensation under an alternative basis if you establish to the satisfaction of the IRS that, under the facts and circumstances of your case, the alternative basis more properly determines the source of your compensation than the time or geographical basis. 1040ez 2011 form pdf If you use an alternative basis, you must keep (and have available for inspection) records to document why the alternative basis more properly determines the source of your compensation. 1040ez 2011 form pdf Also, if your total compensation from all sources is $250,000 or more, check “Yes” to both questions on line K on page 5 of Form 1040NR, and attach a written statement to your tax return that sets forth all of the following. 1040ez 2011 form pdf Your name and social security number (written across the top of the statement). 1040ez 2011 form pdf The specific compensation income, or the specific fringe benefit, for which you are using the alternative basis. 1040ez 2011 form pdf For each item in (2), the alternative basis of allocation of source used. 1040ez 2011 form pdf For each item in (2), a computation showing how the alternative allocation was computed. 1040ez 2011 form pdf A comparison of the dollar amount of the U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf compensation and foreign compensation sourced under both the alternative basis and the time or geographical basis discussed earlier. 1040ez 2011 form pdf Transportation Income Transportation income is income from the use of a vessel or aircraft or for the performance of services directly related to the use of any vessel or aircraft. 1040ez 2011 form pdf This is true whether the vessel or aircraft is owned, hired, or leased. 1040ez 2011 form pdf The term “vessel or aircraft” includes any container used in connection with a vessel or aircraft. 1040ez 2011 form pdf All income from transportation that begins and ends in the United States is treated as derived from sources in the United States. 1040ez 2011 form pdf If the transportation begins or ends in the United States, 50% of the transportation income is treated as derived from sources in the United States. 1040ez 2011 form pdf For transportation income from personal services, 50% of the income is U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source income if the transportation is between the United States and a U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf possession. 1040ez 2011 form pdf For nonresident aliens, this only applies to income derived from, or in connection with, an aircraft. 1040ez 2011 form pdf For information on how U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source transportation income is taxed, see chapter 4. 1040ez 2011 form pdf Scholarships, Grants, Prizes, and Awards Generally, the source of scholarships, fellowship grants, grants, prizes, and awards is the residence of the payer regardless of who actually disburses the funds. 1040ez 2011 form pdf However, see Activities to be performed outside the United States , later. 1040ez 2011 form pdf For example, payments for research or study in the United States made by the United States, a noncorporate U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf resident, or a domestic corporation, are from U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf sources. 1040ez 2011 form pdf Similar payments from a foreign government or foreign corporation are foreign source payments even though the funds may be disbursed through a U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf agent. 1040ez 2011 form pdf Payments made by an entity designated as a public international organization under the International Organizations Immunities Act are from foreign sources. 1040ez 2011 form pdf Activities to be performed outside the United States. 1040ez 2011 form pdf   Scholarships, fellowship grants, targeted grants, and achievement awards received by nonresident aliens for activities performed, or to be performed, outside the United States are not U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source income. 1040ez 2011 form pdf    These rules do not apply to amounts paid as salary or other compensation for services. 1040ez 2011 form pdf See Personal Services, earlier, for the source rules that apply. 1040ez 2011 form pdf Pensions and Annuities If you receive a pension from a domestic trust for services performed both in and outside the United States, part of the pension payment is from U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf sources. 1040ez 2011 form pdf That part is the amount attributable to earnings of the pension plan and the employer contributions made for services performed in the United States. 1040ez 2011 form pdf This applies whether the distribution is made under a qualified or nonqualified stock bonus, pension, profit-sharing, or annuity plan (whether or not funded). 1040ez 2011 form pdf If you performed services as an employee of the United States, you may receive a distribution from the U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf Government under a plan, such as the Civil Service Retirement System, that is treated as a qualified pension plan. 1040ez 2011 form pdf Your U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source income is the otherwise taxable amount of the distribution that is attributable to your total U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf Government basic pay other than tax-exempt pay for services performed outside the United States. 1040ez 2011 form pdf Rents or Royalties Your U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source income includes rent and royalty income received during the tax year from property located in the United States or from any interest in that property. 1040ez 2011 form pdf U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source income also includes rents or royalties for the use of, or for the privilege of using, in the United States, intangible property such as patents, copyrights, secret processes and formulas, goodwill, trademarks, franchises, and similar property. 1040ez 2011 form pdf Real Property Real property is land and buildings and generally anything built on, growing on, or attached to land. 1040ez 2011 form pdf Gross income from sources in the United States includes gains, profits, and income from the sale or other disposition of real property located in the United States. 1040ez 2011 form pdf Natural resources. 1040ez 2011 form pdf   The income from the sale of products of any farm, mine, oil or gas well, other natural deposit, or timber located in the United States and sold in a foreign country, or located in a foreign country and sold in the United States, is partly from sources in the United States. 1040ez 2011 form pdf For information on determining that part, see section 1. 1040ez 2011 form pdf 863-1(b) of the regulations. 1040ez 2011 form pdf Table 2-1. 1040ez 2011 form pdf Summary of Source Rules for Income of Nonresident Aliens Item of income Factor determining source Salaries, wages, other compensation Where services performed Business income:   Personal services Where services performed Sale of inventory—purchased Where sold Sale of inventory—produced Allocation Interest Residence of payer Dividends Whether a U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf or foreign corporation* Rents Location of property Royalties:   Natural resources Location of property Patents, copyrights, etc. 1040ez 2011 form pdf Where property is used Sale of real property Location of property Sale of personal property Seller's tax home (but see Personal Property , later, for exceptions) Pension distributions attributable to contributions Where services were performed that earned the pension Investment earnings on pension contributions Location of pension trust Sale of natural resources Allocation based on fair market value of product at export terminal. 1040ez 2011 form pdf For more information, see section 1. 1040ez 2011 form pdf 863-1(b) of the regulations. 1040ez 2011 form pdf *Exceptions include: a) Dividends paid by a U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf corporation are foreign source if the corporation elects the  American Samoa economic development credit. 1040ez 2011 form pdf  b) Part of a dividend paid by a foreign corporation is U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source if at least 25% of the  corporation's gross income is effectively connected with a U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf trade or business for the  3 tax years before the year in which the dividends are declared. 1040ez 2011 form pdf Personal Property Personal property is property, such as machinery, equipment, or furniture, that is not real property. 1040ez 2011 form pdf Gain or loss from the sale or exchange of personal property generally has its source in the United States if you have a tax home in the United States. 1040ez 2011 form pdf If you do not have a tax home in the United States, the gain or loss generally is considered to be from sources outside the United States. 1040ez 2011 form pdf Tax home. 1040ez 2011 form pdf   Your tax home is the general area of your main place of business, employment, or post of duty, regardless of where you maintain your family home. 1040ez 2011 form pdf Your tax home is the place where you permanently or indefinitely work as an employee or a self-employed individual. 1040ez 2011 form pdf If you do not have a regular or main place of business because of the nature of your work, then your tax home is the place where you regularly live. 1040ez 2011 form pdf If you do not fit either of these categories, you are considered an itinerant and your tax home is wherever you work. 1040ez 2011 form pdf Inventory property. 1040ez 2011 form pdf   Inventory property is personal property that is stock in trade or that is held primarily for sale to customers in the ordinary course of your trade or business. 1040ez 2011 form pdf Income from the sale of inventory that you purchased is sourced where the property is sold. 1040ez 2011 form pdf Generally, this is where title to the property passes to the buyer. 1040ez 2011 form pdf For example, income from the sale of inventory in the United States is U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source income, whether you purchased it in the United States or in a foreign country. 1040ez 2011 form pdf   Income from the sale of inventory property that you produced in the United States and sold outside the United States (or vice versa) is partly from sources in the United States and partly from sources outside the United States. 1040ez 2011 form pdf For information on making this allocation, see section 1. 1040ez 2011 form pdf 863-3 of the regulations. 1040ez 2011 form pdf   These rules apply even if your tax home is not in the United States. 1040ez 2011 form pdf Depreciable property. 1040ez 2011 form pdf   To determine the source of any gain from the sale of depreciable personal property, you must first figure the part of the gain that is not more than the total depreciation adjustments on the property. 1040ez 2011 form pdf You allocate this part of the gain to sources in the United States based on the ratio of U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf depreciation adjustments to total depreciation adjustments. 1040ez 2011 form pdf The rest of this part of the gain is considered to be from sources outside the United States. 1040ez 2011 form pdf   For this purpose, “U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf depreciation adjustments” are the depreciation adjustments to the basis of the property that are allowable in figuring taxable income from U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf sources. 1040ez 2011 form pdf However, if the property is used predominantly in the United States during a tax year, all depreciation deductions allowable for that year are treated as U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf depreciation adjustments. 1040ez 2011 form pdf But there are some exceptions for certain transportation, communications, and other property used internationally. 1040ez 2011 form pdf   Gain from the sale of depreciable property that is more than the total depreciation adjustments on the property is sourced as if the property were inventory property, as discussed above. 1040ez 2011 form pdf   A loss is sourced in the same way as the depreciation deductions were sourced. 1040ez 2011 form pdf However, if the property was used predominantly in the United States, the entire loss reduces U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source income. 1040ez 2011 form pdf   The basis of property usually means the cost (money plus the fair market value of other property or services) of property you acquire. 1040ez 2011 form pdf Depreciation is an amount deducted to recover the cost or other basis of a trade or business asset. 1040ez 2011 form pdf The amount you can deduct depends on the property's cost, when you began using the property, how long it will take to recover your cost, and which depreciation method you use. 1040ez 2011 form pdf A depreciation deduction is any deduction for depreciation or amortization or any other allowable deduction that treats a capital expenditure as a deductible expense. 1040ez 2011 form pdf Intangible property. 1040ez 2011 form pdf   Intangible property includes patents, copyrights, secret processes or formulas, goodwill, trademarks, trade names, or other like property. 1040ez 2011 form pdf The gain from the sale of amortizable or depreciable intangible property, up to the previously allowable amortization or depreciation deductions, is sourced in the same way as the original deductions were sourced. 1040ez 2011 form pdf This is the same as the source rule for gain from the sale of depreciable property. 1040ez 2011 form pdf See Depreciable property , earlier, for details on how to apply this rule. 1040ez 2011 form pdf   Gain in excess of the amortization or depreciation deductions is sourced in the country where the property is used if the income from the sale is contingent on the productivity, use, or disposition of that property. 1040ez 2011 form pdf If the income is not contingent on the productivity, use, or disposition of the property, the income is sourced according to your tax home as discussed earlier. 1040ez 2011 form pdf If payments for goodwill do not depend on its productivity, use, or disposition, their source is the country in which the goodwill was generated. 1040ez 2011 form pdf Sales through offices or fixed places of business. 1040ez 2011 form pdf   Despite any of the earlier rules, if you do not have a tax home in the United States, but you maintain an office or other fixed place of business in the United States, treat the income from any sale of personal property (including inventory property) that is attributable to that office or place of business as U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source income. 1040ez 2011 form pdf However, this rule does not apply to sales of inventory property for use, disposition, or consumption outside the United States if your office or other fixed place of business outside the United States materially participated in the sale. 1040ez 2011 form pdf   If you have a tax home in the United States but maintain an office or other fixed place of business outside the United States, income from sales of personal property, other than inventory, depreciable property, or intangibles, that is attributable to that foreign office or place of business may be treated as U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source income. 1040ez 2011 form pdf The income is treated as U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf source income if an income tax of less than 10% of the income from the sale is paid to a foreign country. 1040ez 2011 form pdf This rule also applies to losses if the foreign country would have imposed an income tax of less than 10% had the sale resulted in a gain. 1040ez 2011 form pdf Community Income If you are married and you or your spouse is subject to the community property laws of a foreign country, a U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf state, or a U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf possession, you generally must follow those laws to determine the income of yourself and your spouse for U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf tax purposes. 1040ez 2011 form pdf But you must disregard certain community property laws if: Both you and your spouse are nonresident aliens, or One of you is a nonresident alien and the other is a U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf citizen or resident and you do not both choose to be treated as U. 1040ez 2011 form pdf S. 1040ez 2011 form pdf residents as explained in chapter 1. 1040ez 2011 form pdf In these cases, you and your spouse must report community income as explained later. 1040ez 2011 form pdf Earned income. 1040ez 2011 form pdf   Earned income of a spouse, other than trade or business income and a partner's distributive share of partnership income, is treated as the income of the spouse whose services produced the income. 1040ez 2011 form pdf That spouse must report all of it on his or her separate return. 1040ez 2011 form pdf Trade or business income. 1040ez 2011 form pdf   Trade or business income, other than a partner's distributive share of partnership income, is treated as the income of the spouse carrying on the trade or business. 1040ez 2011 form pdf That spouse must report all of it on his or her separate return. 1040ez 2011 form pdf Partnership income (or loss). 1040ez 2011 form pdf   A partner's distributive share of partnership income (or loss) is treated as the income (or loss) of the partner. 1040ez 2011 form pdf The partner must report all of it on his or her separate return. 1040ez 2011 form pdf Separate property income. 1040ez 2011 form pdf   Income derived from the separate property of one spouse (and which is not earned income, trade or business income, or partnership distributive share income) is treated as the income of that spouse. 1040ez 2011 form pdf That spouse must report all of it on his or her separate return. 1040ez 2011 form pdf Use the appropriate community property law to determine what is separate property. 1040ez 2011 form pdf Other community income. 1040ez 2011 form pdf   All other community income is treated as provided by the applicable community property laws. 1040ez 2011 form pdf Prev  Up  Next   Home   More Online Publications

The 1040ez 2011 Form Pdf

1040ez 2011 form pdf Internal Revenue Bulletin:  2010-9  March 1, 2010  Rev. 1040ez 2011 form pdf Proc. 1040ez 2011 form pdf 2010-18 Table of Contents SECTION 1. 1040ez 2011 form pdf PURPOSE SECTION 2. 1040ez 2011 form pdf BACKGROUND SECTION 3. 1040ez 2011 form pdf SCOPE SECTION 4. 1040ez 2011 form pdf APPLICATION SECTION 5. 1040ez 2011 form pdf EFFECTIVE DATE SECTION 6. 1040ez 2011 form pdf DRAFTING INFORMATION SECTION 1. 1040ez 2011 form pdf PURPOSE This revenue procedure provides: (1) limitations on depreciation deductions for owners of passenger automobiles first placed in service by the taxpayer during calendar year 2010, including a separate table of limitations on depreciation deductions for trucks and vans; and (2) the amounts to be included in income by lessees of passenger automobiles first leased by the taxpayer during calendar year 2010, including a separate table of inclusion amounts for lessees of trucks and vans. 1040ez 2011 form pdf The tables detailing these depreciation limitations and lessee inclusion amounts reflect the automobile price inflation adjustments required by § 280F(d)(7) of the Internal Revenue Code. 1040ez 2011 form pdf SECTION 2. 1040ez 2011 form pdf BACKGROUND . 1040ez 2011 form pdf 01 For owners of passenger automobiles, § 280F(a) imposes dollar limitations on the depreciation deduction for the year the taxpayer places the passenger automobile in service and for each succeeding year. 1040ez 2011 form pdf Section 280F(d)(7) requires the amounts allowable as depreciation deductions to be increased by a price inflation adjustment amount for passenger automobiles placed in service after 1988. 1040ez 2011 form pdf The method of calculating this price inflation amount for trucks and vans placed in service in or after calendar year 2003 uses a different CPI “automobile component” (the “new trucks” component) than that used in the price inflation amount calculation for other passenger automobiles (the “new cars” component), resulting in somewhat higher depreciation deductions for trucks and vans. 1040ez 2011 form pdf This change reflects the higher rate of price inflation for trucks and vans since 1988. 1040ez 2011 form pdf . 1040ez 2011 form pdf 02 Section 280F(c) requires a reduction in the deduction allowed to the lessee of a leased passenger automobile. 1040ez 2011 form pdf The reduction must be substantially equivalent to the limitations on the depreciation deductions imposed on owners of passenger automobiles. 1040ez 2011 form pdf Under § 1. 1040ez 2011 form pdf 280F-7(a) of the Income Tax Regulations, this reduction requires a lessee to include in gross income an inclusion amount determined by applying a formula to the amount obtained from a table. 1040ez 2011 form pdf One table applies to lessees of trucks and vans and another table applies to all other passenger automobiles. 1040ez 2011 form pdf Each table shows inclusion amounts for a range of fair market values for each taxable year after the passenger automobile is first leased. 1040ez 2011 form pdf SECTION 3. 1040ez 2011 form pdf SCOPE . 1040ez 2011 form pdf 01 The limitations on depreciation deductions in section 4. 1040ez 2011 form pdf 01(2) of this revenue procedure apply to passenger automobiles (other than leased passenger automobiles) that are placed in service by the taxpayer in calendar year 2010, and continue to apply for each taxable year that the passenger automobile remains in service. 1040ez 2011 form pdf . 1040ez 2011 form pdf 02 The tables in section 4. 1040ez 2011 form pdf 02 of this revenue procedure apply to leased passenger automobiles for which the lease term begins during calendar year 2010. 1040ez 2011 form pdf Lessees of these passenger automobiles must use these tables to determine the inclusion amount for each taxable year during which the passenger automobile is leased. 1040ez 2011 form pdf See Rev. 1040ez 2011 form pdf Proc. 1040ez 2011 form pdf 2005-13, 2005-1 C. 1040ez 2011 form pdf B. 1040ez 2011 form pdf 759, for passenger automobiles first leased before calendar year 2006; Rev. 1040ez 2011 form pdf Proc. 1040ez 2011 form pdf 2006-18, 2006-1 C. 1040ez 2011 form pdf B. 1040ez 2011 form pdf 645, for passenger automobiles first leased during calendar year 2006; Rev. 1040ez 2011 form pdf Proc. 1040ez 2011 form pdf 2007-30, 2007-1 C. 1040ez 2011 form pdf B. 1040ez 2011 form pdf 1104, for passenger automobiles first leased during calendar year 2007; Rev. 1040ez 2011 form pdf Proc. 1040ez 2011 form pdf 2008-22, 2008-12 I. 1040ez 2011 form pdf R. 1040ez 2011 form pdf B. 1040ez 2011 form pdf 658, for passenger automobiles first leased during calendar year 2008; and Rev. 1040ez 2011 form pdf Proc. 1040ez 2011 form pdf 2009-24, 2009-17 I. 1040ez 2011 form pdf R. 1040ez 2011 form pdf B. 1040ez 2011 form pdf 885, for passenger automobiles first leased during calendar year 2009. 1040ez 2011 form pdf SECTION 4. 1040ez 2011 form pdf APPLICATION . 1040ez 2011 form pdf 01 Limitations on Depreciation Deductions for Certain Automobiles. 1040ez 2011 form pdf (1) Amount of the inflation adjustment. 1040ez 2011 form pdf (a) Passenger automobiles (other than trucks or vans). 1040ez 2011 form pdf Under § 280F(d)(7)(B)(i), the automobile price inflation adjustment for any calendar year is the percentage (if any) by which the CPI automobile component for October of the preceding calendar year exceeds the CPI automobile component for October 1987. 1040ez 2011 form pdf The term “CPI automobile component” is defined in § 280F(d)(7)(B)(ii) as the “automobile component” of the Consumer Price Index for all Urban Consumers published by the Department of Labor. 1040ez 2011 form pdf The new car component of the CPI was 115. 1040ez 2011 form pdf 2 for October 1987 and 137. 1040ez 2011 form pdf 851 for October 2009. 1040ez 2011 form pdf The October 2009 index exceeded the October 1987 index by 22. 1040ez 2011 form pdf 651. 1040ez 2011 form pdf Therefore, the automobile price inflation adjustment for 2010 for passenger automobiles (other than trucks and vans) is 19. 1040ez 2011 form pdf 66 percent (22. 1040ez 2011 form pdf 651/115. 1040ez 2011 form pdf 2 x 100%). 1040ez 2011 form pdf The dollar limitations in § 280F(a) are multiplied by a factor of 0. 1040ez 2011 form pdf 1966, and the resulting increases, after rounding to the nearest $100, are added to the 1988 limitations to give the depreciation limitations applicable to passenger automobiles (other than trucks and vans) for calendar year 2010. 1040ez 2011 form pdf This adjustment applies to all passenger automobiles (other than trucks and vans) that are first placed in service in calendar year 2010. 1040ez 2011 form pdf (b) Trucks and vans. 1040ez 2011 form pdf To determine the dollar limitations for trucks and vans first placed in service during calendar year 2010, the new truck component of the CPI is used instead of the new car component. 1040ez 2011 form pdf The new truck component of the CPI was 112. 1040ez 2011 form pdf 4 for October 1987 and 140. 1040ez 2011 form pdf 897 for October 2009. 1040ez 2011 form pdf The October 2009 index exceeded the October 1987 index by 28. 1040ez 2011 form pdf 497. 1040ez 2011 form pdf Therefore, the automobile price inflation adjustment for 2010 for trucks and vans is 25. 1040ez 2011 form pdf 35 percent (28. 1040ez 2011 form pdf 497/112. 1040ez 2011 form pdf 4 x 100%). 1040ez 2011 form pdf The dollar limitations in § 280F(a) are multiplied by a factor of 0. 1040ez 2011 form pdf 2535, and the resulting increases, after rounding to the nearest $100, are added to the 1988 limitations to give the depreciation limitations for trucks and vans. 1040ez 2011 form pdf This adjustment applies to all trucks and vans that are first placed in service in calendar year 2010. 1040ez 2011 form pdf (2) Amount of the limitation. 1040ez 2011 form pdf Tables 1 and 2 contain the dollar amount of the depreciation limitation for each taxable year for passenger automobiles a taxpayer places in service in calendar year 2010. 1040ez 2011 form pdf Use Table 1 for a passenger automobile (other than a truck or van) and Table 2 for a truck or van placed in service in calendar year 2010. 1040ez 2011 form pdf REV. 1040ez 2011 form pdf PROC. 1040ez 2011 form pdf 2010-18 TABLE 1 DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) PLACED IN SERVICE IN CALENDAR YEAR 2010 Tax Year Amount 1st Tax Year $3,060 2nd Tax Year $4,900 3rd Tax Year $2,950 Each Succeeding Year $1,775 REV. 1040ez 2011 form pdf PROC. 1040ez 2011 form pdf 2010-18 TABLE 2 DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2010 Tax Year Amount 1st Tax Year $3,160 2nd Tax Year $5,100 3rd Tax Year $3,050 Each Succeeding Year $1,875 . 1040ez 2011 form pdf 02 Inclusions in Income of Lessees of Passenger Automobiles. 1040ez 2011 form pdf A taxpayer must follow the procedures in § 1. 1040ez 2011 form pdf 280F-7(a) for determining the inclusion amounts for passenger automobiles first leased in calendar year 2010. 1040ez 2011 form pdf In applying these procedures, lessees of passenger automobiles other than trucks and vans should use Table 3 of this revenue procedure, while lessees of trucks and vans should use Table 4 of this revenue procedure. 1040ez 2011 form pdf REV. 1040ez 2011 form pdf PROC. 1040ez 2011 form pdf 2010-18 TABLE 3 DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2010 Fair Market Value of Passenger Automobile Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th & Later $16,700 $17,000 3 7 10 11 14 17,000 17,500 4 8 13 15 16 17,500 18,000 5 10 16 19 21 18,000 18,500 6 13 18 23 26 18,500 19,000 7 15 22 26 31 19,000 19,500 8 17 25 30 35 19,500 20,000 9 19 29 34 39 20,000 20,500 10 21 32 38 44 20,500 21,000 11 23 35 42 48 21,000 21,500 12 26 38 45 53 21,500 22,000 13 28 41 50 57 22,000 23,000 14 31 46 56 63 23,000 24,000 16 36 52 63 73 24,000 25,000 18 40 59 71 81 25,000 26,000 20 44 66 78 90 26,000 27,000 22 49 71 86 100 27,000 28,000 24 53 78 94 108 28,000 29,000 26 57 85 101 118 29,000 30,000 28 61 92 109 126 30,000 31,000 30 66 97 117 135 31,000 32,000 32 70 104 125 144 32,000 33,000 34 74 111 132 153 33,000 34,000 36 79 117 140 161 34,000 35,000 38 83 123 148 171 35,000 36,000 40 87 130 156 179 36,000 37,000 42 92 136 163 188 37,000 38,000 44 96 143 170 198 38,000 39,000 46 100 149 179 206 39,000 40,000 48 105 155 186 215 40,000 41,000 50 109 162 194 224 41,000 42,000 52 113 169 201 233 42,000 43,000 54 118 174 210 241 43,000 44,000 56 122 181 217 251 44,000 45,000 58 126 188 225 259 45,000 46,000 60 131 194 232 269 46,000 47,000 61 135 201 240 277 47,000 48,000 63 140 207 248 286 48,000 49,000 65 144 213 256 295 49,000 50,000 67 148 220 263 304 50,000 51,000 69 153 226 271 313 51,000 52,000 71 157 232 279 322 52,000 53,000 73 161 239 287 331 53,000 54,000 75 166 245 294 340 54,000 55,000 77 170 252 302 348 55,000 56,000 79 174 258 310 358 56,000 57,000 81 178 265 318 366 57,000 58,000 83 183 271 325 375 58,000 59,000 85 187 278 333 384 59,000 60,000 87 191 284 341 393 60,000 62,000 90 198 294 352 406 62,000 64,000 94 207 306 368 424 64,000 66,000 98 215 320 382 443 66,000 68,000 102 224 332 398 460 68,000 70,000 106 232 346 413 478 70,000 72,000 110 241 358 429 496 72,000 74,000 114 250 371 444 513 74,000 76,000 118 258 384 460 531 76,000 78,000 122 267 396 476 549 78,000 80,000 126 276 409 491 566 80,000 85,000 132 291 432 518 598 85,000 90,000 142 313 464 556 643 90,000 95,000 152 334 497 594 687 95,000 100,000 162 356 528 634 731 100,000 110,000 177 388 577 691 798 110,000 120,000 196 432 641 768 887 120,000 130,000 216 475 705 846 976 130,000 140,000 236 518 770 922 1,065 140,000 150,000 256 561 834 1,000 1,154 150,000 160,000 275 605 898 1,077 1,243 160,000 170,000 295 648 963 1,153 1,333 170,000 180,000 315 691 1,027 1,231 1,421 180,000 190,000 334 735 1,091 1,308 1,510 190,000 200,000 354 778 1,155 1,386 1,599 200,000 210,000 374 821 1,220 1,462 1,688 210,000 220,000 393 865 1,284 1,539 1,777 220,000 230,000 413 908 1,348 1,617 1,866 230,000 240,000 433 951 1,413 1,693 1,956 240,000 and up 453 995 1,476 1,771 2,044 REV. 1040ez 2011 form pdf PROC. 1040ez 2011 form pdf 2010-18 TABLE 4 DOLLAR AMOUNTS FOR TRUCKS AND VANS WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2010 Fair Market Value of Passenger Automobile Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th & Later 17,000 17,500 3 6 9 10 11 17,500 18,000 4 8 12 14 16 18,000 18,500 5 10 15 18 21 18,500 19,000 6 12 19 22 24 19,000 19,500 7 15 21 26 29 19,500 20,000 8 17 25 29 34 20,000 20,500 9 19 28 33 38 20,500 21,000 10 21 31 37 43 21,000 21,500 11 23 35 41 47 21,500 22,000 12 25 38 45 51 22,000 23,000 13 29 42 51 58 23,000 24,000 15 33 49 58 67 24,000 25,000 17 37 56 66 76 25,000 26,000 19 42 62 73 85 26,000 27,000 21 46 68 82 93 27,000 28,000 23 50 75 89 103 28,000 29,000 25 55 81 97 111 29,000 30,000 27 59 88 104 121 30,000 31,000 29 63 94 113 129 31,000 32,000 31 68 100 120 138 32,000 33,000 33 72 107 127 148 33,000 34,000 35 76 114 135 156 34,000 35,000 37 81 119 143 165 35,000 36,000 39 85 126 151 174 36,000 37,000 41 89 133 158 183 37,000 38,000 43 94 139 166 191 38,000 39,000 45 98 145 174 201 39,000 40,000 47 102 152 182 209 40,000 41,000 49 106 159 189 218 41,000 42,000 51 111 164 198 227 42,000 43,000 53 115 171 205 236 43,000 44,000 55 119 178 213 245 44,000 45,000 57 124 184 220 254 45,000 46,000 59 128 190 228 263 46,000 47,000 60 133 197 235 272 47,000 48,000 62 137 203 244 280 48,000 49,000 64 142 209 251 290 49,000 50,000 66 146 216 259 298 50,000 51,000 68 150 223 266 308 51,000 52,000 70 154 229 275 316 52,000 53,000 72 159 235 282 325 53,000 54,000 74 163 242 290 334 54,000 55,000 76 167 249 297 343 55,000 56,000 78 172 254 305 352 56,000 57,000 80 176 261 313 361 57,000 58,000 82 180 268 320 370 58,000 59,000 84 185 274 328 378 59,000 60,000 86 189 280 336 388 60,000 62,000 89 195 291 347 401 62,000 64,000 93 204 303 363 418 64,000 66,000 97 213 315 379 436 66,000 68,000 101 221 329 394 454 68,000 70,000 105 230 341 410 472 70,000 72,000 109 239 354 424 490 72,000 74,000 113 247 367 440 508 74,000 76,000 117 256 380 455 526 76,000 78,000 121 264 393 471 543 78,000 80,000 125 273 406 486 561 80,000 85,000 131 289 428 513 592 85,000 90,000 141 310 461 552 636 90,000 95,000 151 332 492 591 681 95,000 100,000 161 353 525 629 726 100,000 110,000 176 386 573 686 793 110,000 120,000 195 430 637 763 882 120,000 130,000 215 473 701 841 971 130,000 140,000 235 516 766 918 1,059 140,000 150,000 255 559 830 995 1,149 150,000 160,000 274 603 894 1,072 1,238 160,000 170,000 294 646 958 1,150 1,326 170,000 180,000 314 689 1,023 1,226 1,416 180,000 190,000 333 733 1,087 1,303 1,505 190,000 200,000 353 776 1,151 1,381 1,594 200,000 210,000 373 819 1,216 1,457 1,683 210,000 220,000 392 863 1,280 1,534 1,772 220,000 230,000 412 906 1,344 1,612 1,861 230,000 240,000 432 949 1,409 1,689 1,949 240,000 and up 452 992 1,473 1,766 2,039 SECTION 5. 1040ez 2011 form pdf EFFECTIVE DATE This revenue procedure applies to passenger automobiles that a taxpayer first places in service or first leases during calendar year 2010. 1040ez 2011 form pdf SECTION 6. 1040ez 2011 form pdf DRAFTING INFORMATION The principal author of this revenue procedure is Bernard P. 1040ez 2011 form pdf Harvey of the Office of Associate Chief Counsel (Income Tax & Accounting). 1040ez 2011 form pdf For further information regarding this revenue procedure, contact Mr. 1040ez 2011 form pdf Harvey at (202) 622-4930 (not a toll-free call). 1040ez 2011 form pdf Prev  Up  Next   Home   More Internal Revenue Bulletins