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2011 Income Tax Forms

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2011 Income Tax Forms

2011 income tax forms 6. 2011 income tax forms   How To Get Tax Help Table of Contents Whether it's help with a tax issue, preparing your tax return or a need for a free publication or form, get the help you need the way you want it: online, use a smart phone, call or walk in to an IRS office or volunteer site near you. 2011 income tax forms Free help with your return. 2011 income tax forms   You can get free help preparing your return nationwide from IRS-certified volunteers. 2011 income tax forms The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. 2011 income tax forms The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. 2011 income tax forms Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. 2011 income tax forms In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. 2011 income tax forms To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS. 2011 income tax forms gov, download the IRS2Go app, or call 1-800-906-9887. 2011 income tax forms   As part of the TCE program, AARP offers the Tax-Aide counseling program. 2011 income tax forms To find the nearest AARP Tax-Aide site, visit AARP's website at www. 2011 income tax forms aarp. 2011 income tax forms org/money/taxaide or call 1-888-227-7669. 2011 income tax forms For more information on these programs, go to IRS. 2011 income tax forms gov and enter “VITA” in the search box. 2011 income tax forms   For more information on these programs, go to IRS. 2011 income tax forms gov and enter “VITA” in the search box. 2011 income tax forms Internet. 2011 income tax forms    IRS. 2011 income tax forms gov and IRS2Go are ready when you are —24 hours a day, 7 days a week. 2011 income tax forms Download the free IRS2Go app from the iTunes app store or from Google Play. 2011 income tax forms Use it to check your refund status, order transcripts of your tax returns or tax account, watch the IRS YouTube channel, get IRS news as soon as it's released to the public, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. 2011 income tax forms Check the status of your 2013 refund with the Where's My Refund? application on IRS. 2011 income tax forms gov or download the IRS2Go app and select the Refund Status option. 2011 income tax forms The IRS issues more than 9 out of 10 refunds in less than 21 days. 2011 income tax forms Using these applications, you can start checking on the status of your return within 24 hours after we receive your e-filed return or 4 weeks after you mail a paper return. 2011 income tax forms You will also be given a personalized refund date as soon as the IRS processes your tax return and approves your refund. 2011 income tax forms The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. 2011 income tax forms Use the Interactive Tax Assistant (ITA) to research your tax questions. 2011 income tax forms No need to wait on the phone or stand in line. 2011 income tax forms The ITA is available 24 hours a day, 7 days a week, and provides you with a variety of tax information related to general filing topics, deductions, credits, and income. 2011 income tax forms When you reach the response screen, you can print the entire interview and the final response for your records. 2011 income tax forms New subject areas are added on a regular basis. 2011 income tax forms  Answers not provided through ITA may be found in Tax Trails, one of the Tax Topics on IRS. 2011 income tax forms gov which contain general individual and business tax information or by searching the IRS Tax Map, which includes an international subject index. 2011 income tax forms You can use the IRS Tax Map, to search publications and instructions by topic or keyword. 2011 income tax forms The IRS Tax Map integrates forms and publications into one research tool and provides single-point access to tax law information by subject. 2011 income tax forms When the user searches the IRS Tax Map, they will be provided with links to related content in existing IRS publications, forms and instructions, questions and answers, and Tax Topics. 2011 income tax forms Coming this filing season, you can immediately view and print for free all 5 types of individual federal tax transcripts (tax returns, tax account, record of account, wage and income statement, and certification of non-filing) using Get Transcript. 2011 income tax forms You can also ask the IRS to mail a return or an account transcript to you. 2011 income tax forms Only the mail option is available by choosing the Tax Records option on the IRS2Go app by selecting Mail Transcript on IRS. 2011 income tax forms gov or by calling 1-800-908-9946. 2011 income tax forms Tax return and tax account transcripts are generally available for the current year and the past three years. 2011 income tax forms Determine if you are eligible for the EITC and estimate the amount of the credit with the Earned Income Tax Credit (EITC) Assistant. 2011 income tax forms Visit Understanding Your IRS Notice or Letter to get answers to questions about a notice or letter you received from the IRS. 2011 income tax forms If you received the First Time Homebuyer Credit, you can use the First Time Homebuyer Credit Account Look-up tool for information on your repayments and account balance. 2011 income tax forms Check the status of your amended return using Where's My Amended Return? Go to IRS. 2011 income tax forms gov and enter Where's My Amended Return? in the search box. 2011 income tax forms You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. 2011 income tax forms It can take up to 3 weeks from the date you mailed it to show up in our system. 2011 income tax forms Make a payment using one of several safe and convenient electronic payment options available on IRS. 2011 income tax forms gov. 2011 income tax forms Select the Payment tab on the front page of IRS. 2011 income tax forms gov for more information. 2011 income tax forms Determine if you are eligible and apply for an online payment agreement, if you owe more tax than you can pay today. 2011 income tax forms Figure your income tax withholding with the IRS Withholding Calculator on IRS. 2011 income tax forms gov. 2011 income tax forms Use it if you've had too much or too little withheld, your personal situation has changed, you're starting a new job or you just want to see if you're having the right amount withheld. 2011 income tax forms Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. 2011 income tax forms gov. 2011 income tax forms Request an Electronic Filing PIN by going to IRS. 2011 income tax forms gov and entering Electronic Filing PIN in the search box. 2011 income tax forms Download forms, instructions and publications, including accessible versions for people with disabilities. 2011 income tax forms Locate the nearest Taxpayer Assistance Center (TAC) using the Office Locator tool on IRS. 2011 income tax forms gov, or choose the Contact Us option on the IRS2Go app and search Local Offices. 2011 income tax forms An employee can answer questions about your tax account or help you set up a payment plan. 2011 income tax forms Before you visit, check the Office Locator on IRS. 2011 income tax forms gov, or Local Offices under Contact Us on IRS2Go to confirm the address, phone number, days and hours of operation, and the services provided. 2011 income tax forms If you have a special need, such as a disability, you can request an appointment. 2011 income tax forms Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. 2011 income tax forms Apply for an Employer Identification Number (EIN). 2011 income tax forms Go to IRS. 2011 income tax forms gov and enter Apply for an EIN in the search box. 2011 income tax forms Read the Internal Revenue Code, regulations, or other official guidance. 2011 income tax forms Read Internal Revenue Bulletins. 2011 income tax forms Sign up to receive local and national tax news and more by email. 2011 income tax forms Just click on “subscriptions” above the search box on IRS. 2011 income tax forms gov and choose from a variety of options. 2011 income tax forms Phone. 2011 income tax forms    You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. 2011 income tax forms Download the free IRS2Go app from the iTunes app store or from Google Play. 2011 income tax forms Call to locate the nearest volunteer help site, 1-800-906-9887 or you can use the VITA Locator Tool on IRS. 2011 income tax forms gov, or download the IRS2Go app. 2011 income tax forms Low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. 2011 income tax forms The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. 2011 income tax forms Most VITA and TCE sites offer free electronic filing. 2011 income tax forms Some VITA and TCE sites provide IRS-certified volunteers who can help prepare your tax return. 2011 income tax forms Through the TCE program, AARP offers the Tax-Aide counseling program; call 1-888-227-7669 to find the nearest Tax-Aide location. 2011 income tax forms Call the automated Where's My Refund? information hotline to check the status of your 2013 refund 24 hours a day, 7 days a week at 1-800-829-1954. 2011 income tax forms If you e-file, you can start checking on the status of your return within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. 2011 income tax forms The IRS issues more than 9 out of 10 refunds in less than 21 days. 2011 income tax forms Where's My Refund? will give you a personalized refund date as soon as the IRS processes your tax return and approves your refund. 2011 income tax forms Before you call this automated hotline, have your 2013 tax return handy so you can enter your social security number, your filing status, and the exact whole dollar amount of your refund. 2011 income tax forms The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. 2011 income tax forms Note, the above information is for our automated hotline. 2011 income tax forms Our live phone and walk-in assistors can research the status of your refund only if it's been 21 days or more since you filed electronically or more than 6 weeks since you mailed your paper return. 2011 income tax forms Call the Amended Return Hotline, 1-866-464-2050, to check the status of your amended return. 2011 income tax forms You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. 2011 income tax forms It can take up to 3 weeks from the date you mailed it to show up in our system. 2011 income tax forms Call 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions, publications, and prior-year forms and instructions (limited to 5 years). 2011 income tax forms You should receive your order within 10 business days. 2011 income tax forms Call TeleTax, 1-800-829-4477, to listen to pre-recorded messages covering general and business tax information. 2011 income tax forms If, between January and April 15, you still have questions about the Form 1040, 1040A, or 1040EZ (like filing requirements, dependents, credits, Schedule D, pensions and IRAs or self-employment taxes), call 1-800-829-1040. 2011 income tax forms Call using TTY/TDD equipment, 1-800-829-4059 to ask tax questions or order forms and publications. 2011 income tax forms The TTY/TDD telephone number is for people who are deaf, hard of hearing, or have a speech disability. 2011 income tax forms These individuals can also contact the IRS through relay services such as the Federal Relay Service. 2011 income tax forms Walk-in. 2011 income tax forms   You can find a selection of forms, publications and services — in-person. 2011 income tax forms Products. 2011 income tax forms You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. 2011 income tax forms Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. 2011 income tax forms Services. 2011 income tax forms You can walk in to your local TAC for face-to-face tax help. 2011 income tax forms An employee can answer questions about your tax account or help you set up a payment plan. 2011 income tax forms Before visiting, use the Office Locator tool on IRS. 2011 income tax forms gov, or choose the Contact Us option on the IRS2Go app and search Local Offices for days and hours of operation, and services provided. 2011 income tax forms Mail. 2011 income tax forms   You can send your order for forms, instructions, and publications to the address below. 2011 income tax forms You should receive a response within 10 business days after your request is received. 2011 income tax forms Internal Revenue Service 1201 N. 2011 income tax forms Mitsubishi Motorway Bloomington, IL 61705-6613    The Taxpayer Advocate Service Is Here to Help You. 2011 income tax forms The Taxpayer Advocate Service (TAS) is your voice at the IRS. 2011 income tax forms Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. 2011 income tax forms   What can TAS do for you? We can offer you free help with IRS problems that you can't resolve on your own. 2011 income tax forms We know this process can be confusing, but the worst thing you can do is nothing at all! TAS can help if you can't resolve your tax problem and: Your problem is causing financial difficulties for you, your family, or your business. 2011 income tax forms You face (or your business is facing) an immediate threat of adverse action. 2011 income tax forms You've tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised. 2011 income tax forms   If you qualify for our help, you'll be assigned to one advocate who'll be with you at every turn and will do everything possible to resolve your problem. 2011 income tax forms Here's why we can help: TAS is an independent organization within the IRS. 2011 income tax forms Our advocates know how to work with the IRS. 2011 income tax forms Our services are free and tailored to meet your needs. 2011 income tax forms We have offices in every state, the District of Columbia, and Puerto Rico. 2011 income tax forms   How can you reach us? If you think TAS can help you, call your local advocate, whose number is in your local directory and at Taxpayer Advocate, or call us toll-free at 1-877-777-4778. 2011 income tax forms   How else does TAS help taxpayers?  TAS also works to resolve large-scale, systemic problems that affect many taxpayers. 2011 income tax forms If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System. 2011 income tax forms Low Income Taxpayer Clinics   Low Income Taxpayer Clinics (LITCs) serve individuals whose income is below a certain level and need to resolve tax problems such as audits, appeals and tax collection disputes. 2011 income tax forms Some clinics can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. 2011 income tax forms Visit Taxpayer Advocate or see IRS Publication 4134, Low Income Taxpayer Clinic List. 2011 income tax forms Prev  Up  Next   Home   More Online Publications
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SOI Tax Stats - Estate, Gift and Trust Statistics

Return to the Tax Stats home page

The studies in this section relate to the Federal Transfer tax system (estate and gift taxes) and to trusts, which are an integral part of many estate plans.

Estate Tax Statistics

Estate Tax Statistics OneSheet

This annual study includes information on gross estate and its composition, deductions, and tax, as well as information on the age, sex, and marital status of decedents. Estate tax data are produced by filing year and selected years of death. Data are compiled from Form 706.

Gift Tax

Snapshot of Gift Tax Statistics

This study includes information on gifts to individuals and charities that exceed the annual exclusion. Data are collected for the donor of the gift, the amount of each individual gift reported, the computation of lifetime gifts, and calculation of tax liability. Data are compiled from Form 709.

Income from
Trusts & Estates

Snapshot of Income from Trusts and Estates (Form 1041)

These population data, derived from IRS Master File data, include information on income, deductions, and tax liability reported for estates and domestic trusts. Information on Foreign Trusts is also available. Data are compiled from Form 1041.

Nonresident Alien
Estate Tax

Snapshot of Nonresident Alien Estate Tax

Provides data on estate tax returns filed for non-U.S. citizens who owned at least $60,000 worth of property within the U.S. at time of death. Data are classified by tax status and size of U.S. gross estate. This study is conducted annually and data are compiled from Form 706NA.

Personal Wealth

This periodic study provides estimates of personal wealth of top wealth holders that are generated from estate tax return data using the "estate multiplier" technique, in conjunction with both filing-year and year-of-death estate databases.

Split Interest Trusts

Snapshot of Split Interest Data

Split-interest trusts make distributions to both charitable and non-charitable beneficiaries, while providing tax benefits to their donors. Based on the method and timing of distributions, split-interest trusts are divided into four categories: charitable remainder annuity trusts, charitable remainder unitrusts, charitable lead trusts, and pooled income funds. Data are compiled from Form 5227.

 

Estate and Gift Tax Archive

 

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Page Last Reviewed or Updated: 27-Jan-2014

The 2011 Income Tax Forms

2011 income tax forms Tax Changes for Businesses Table of Contents 2001 ChangesNew 5-Year Carryback Rule for Net Operating Losses (NOLs) Electronic Form 1099 Tax Incentives for New York Liberty Zone Other 2001 Changes 2002 ChangesNonaccrual-Experience Method Issuance of Qualified Zone Academy Bonds Depletion Work Opportunity Credit Expanded in New York Liberty Zone Credit For Pension Plan Startup Costs Welfare-to-Work Credit Extended Work Opportunity Credit Extended Electric and Clean-Fuel Vehicles Renewable Electricity Production Credit Later ChangesSpecial Depreciation Allowance Extension of Placed in Service Date Special Liberty Zone Depreciation Allowance for New and Used Property Depreciation of Property Used on Indian Reservations Indian Employment Credit Extended 2001 Changes New 5-Year Carryback Rule for Net Operating Losses (NOLs) If you have an NOL from a tax year ending during 2001 or 2002, you must generally carry back the entire amount of the NOL to the 5 tax years before the NOL year (the carryback period). 2011 income tax forms However, you can still choose to use the previous carryback period. 2011 income tax forms You also can choose not to carry back an NOL and only carry it forward. 2011 income tax forms Individuals, estates, and trusts can file Form 1045, Application for Tentative Refund. 2011 income tax forms Corporations can file Form 1139, Corporation Application for Tentative Refund. 2011 income tax forms The instructions for these forms will be revised to reflect the new law. 2011 income tax forms Electronic Form 1099 For tax years ending after March 9, 2002, most Forms 1099 can be furnished electronically if the recipient consents, according to IRS regulations, to receive it that way. 2011 income tax forms Tax Incentives for New York Liberty Zone New tax benefits are provided for the parts of New York City damaged in the terrorist attacks on September 11, 2001. 2011 income tax forms These benefits apply to the newly created New York Liberty Zone, which is the area located on or south of Canal Street, East Broadway (east of its intersection with Canal Street), or Grand Street (east of its intersection with East Broadway), in the Borough of Manhattan. 2011 income tax forms Tax benefits for the New York Liberty Zone include the following. 2011 income tax forms A special depreciation allowance equal to 30% of the adjusted basis of qualified Liberty Zone property. 2011 income tax forms It is allowed for the year the property is placed in service. 2011 income tax forms No alternative minimum tax depreciation adjustment for qualified Liberty Zone property. 2011 income tax forms Classification of Liberty Zone leasehold improvement property as 5-year property. 2011 income tax forms Authorization of the issuance of tax-exempt New York Liberty bonds to finance the acquisition, construction, reconstruction, and renovation of nonresidential real property, residential rental property, and public utility property in the Liberty Zone. 2011 income tax forms An increased section 179 deduction for certain Liberty Zone property. 2011 income tax forms Extension of the replacement period from 2 years to 5 years for certain property involuntarily converted as a result of the terrorist attacks on September 11, 2001, but only if substantially all of the use of the replacement property is in New York City. 2011 income tax forms For more information about involuntary conversions, see Postponement of Gain in Publication 547, Casualties, Disasters, and Thefts. 2011 income tax forms In addition, for 2002 and 2003, the work opportunity credit is expanded by creating a new targeted group, consisting generally of employees who work in the Liberty Zone or, in certain cases, in New York City outside the Liberty Zone. 2011 income tax forms For more information, see Work Opportunity Credit Expanded in New York Liberty Zone under 2002 Changes, later. 2011 income tax forms For more information about the 30% special depreciation allowance, Liberty Zone leasehold improvement property, or increased section 179 deduction, see New York Liberty Zone Benefits, in chapter 5. 2011 income tax forms In addition, the tax benefits for the Liberty Zone will be covered in a new edition of Publication 954, Tax Incentives for Empowerment Zones and Other Distressed Communities, available later in 2002. 2011 income tax forms Other 2001 Changes Other changes are discussed in the following chapters. 2011 income tax forms Chapter 4 Car Expenses Chapter 5 Depreciation 2002 Changes Nonaccrual-Experience Method Under current law, if you perform services and use an accrual method of accounting, you do not accrue income which, based on experience, you expect to be uncollectible. 2011 income tax forms Beginning in 2002, this rule only applies if you perform services in the fields of health, law, engineering, architecture, accounting, actuarial science, performing arts, and consulting, or your average annual gross receipts for the 3 prior tax years does not exceed $5,000,000. 2011 income tax forms As under current law, the nonaccrual-experience method will not apply to amounts on which you charge interest or a late payment penalty. 2011 income tax forms For more information, see Nonaccrual-Experience Method in chapter 11 of Publication 535, Business Expenses. 2011 income tax forms Issuance of Qualified Zone Academy Bonds State and local governments issue qualified zone academy bonds to raise funds for the use of qualified zone academies. 2011 income tax forms The amount of bonds that may be issued was limited to $400 million each year for 1998, 1999, 2000, and 2001. 2011 income tax forms This provision has been extended to provide for an additional $400 million of bonds to be issued each year for 2002 and 2003. 2011 income tax forms For more information about qualified zone academy bonds, see Publication 954, Tax Incentives for Empowerment Zones and Other Distressed Communities. 2011 income tax forms Depletion The suspension of the taxable income limit on percentage depletion from the marginal production of oil and natural gas that was scheduled to expire for tax years beginning after 2001 has been extended to tax years beginning before 2004. 2011 income tax forms For more information on marginal production, see section 613A(c) of the Internal Revenue Code. 2011 income tax forms Work Opportunity Credit Expanded in New York Liberty Zone The work opportunity credit is expanded to include a new targeted group consisting generally of employees who perform substantially all their services: In the New York Liberty Zone (defined earlier under Tax Incentives for New York Liberty Zone, under 2001 Changes), or Elsewhere in New York City for a business that relocated from the Liberty Zone due to the destruction or damage of its place of business by the September 11, 2001, terrorist attack. 2011 income tax forms The credit is available to employers for wages paid to new employees and existing employees for work performed during 2002 or 2003. 2011 income tax forms Certain limits apply. 2011 income tax forms For more information about the work opportunity credit, see Publication 954, Tax Incentives for Empowerment Zones and Other Distressed Communities. 2011 income tax forms Credit For Pension Plan Startup Costs The credit for pension plan startup costs is now allowed for plans that become effective after December 31, 2001. 2011 income tax forms Previously, the credit was only allowed for plans established after December 31, 2001. 2011 income tax forms For more information on the credit, see Important Changes for 2002 in Publication 560, Retirement Plans for Small Business. 2011 income tax forms Welfare-to-Work Credit Extended The welfare-to-work credit that was scheduled to expire for wages paid to individuals who began working for you after 2001 has been extended to include wages paid to qualified individuals who begin work for you in 2002 or 2003. 2011 income tax forms For more information on the welfare-to-work credit, see Publication 954, Tax Incentives for Empowerment Zones and Other Distressed Communities. 2011 income tax forms Work Opportunity Credit Extended The work opportunity credit that was scheduled to expire for wages paid to individuals who began working for you after 2001 has been extended to include wages paid to qualified individuals who begin work for you in 2002 or 2003. 2011 income tax forms For more information about the work opportunity credit, see Publication 954, Tax Incentives for Empowerment Zones and Other Distressed Communities. 2011 income tax forms Electric and Clean-Fuel Vehicles The maximum clean-fuel vehicle deduction and qualified electric vehicle credit were scheduled to be 25% lower for 2002 and both were scheduled to be phased out completely by 2005. 2011 income tax forms The full deduction and credit are now allowed for qualified property placed in service in 2002 and 2003. 2011 income tax forms The phaseout of the deduction and the credit will begin in 2004, and no deduction or credit will be allowed for property placed in service after 2006. 2011 income tax forms For more information about electric and clean-fuel vehicles, see chapter 12 in Publication 535, Business Expenses. 2011 income tax forms Renewable Electricity Production Credit The renewable electricity production credit is extended to include electricity produced by facilities placed in service after 2001 and before 2004. 2011 income tax forms Later Changes Special Depreciation Allowance You can claim the special depreciation allowance (an additional 30% depreciation deduction) for new property that you acquire before September 11, 2004, and place in service for your business generally before January 1, 2005, if you meet the other requirements for qualified property covered in chapter 5. 2011 income tax forms Accordingly, you will generally no longer be able to claim the special depreciation allowance for the qualified property if you acquire it after September 10, 2004, or place it in service for your business after December 31, 2004. 2011 income tax forms However, you will be able to claim the special Liberty Zone depreciation allowance (an additional 30% depreciation deduction) for most qualified property if you place it in service in the Liberty Zone after December 31, 2004, and generally before January 1, 2007, provided you meet the other requirements for qualified Liberty Zone property covered in chapter 5. 2011 income tax forms Extension of Placed in Service Date To qualify for the special depreciation allowance, your property must meet certain tests, including the placed in service date test, as well as the other requirements covered in chapter 5 of this publication. 2011 income tax forms To meet the placed in service date test, your property must generally be placed in service for use in your trade or business or for the production of income after September 10, 2001, and before January 1, 2005. 2011 income tax forms However, certain property placed in service before January 1, 2006, may meet this test. 2011 income tax forms Transportation property and property with a recovery period of 10 years or longer meet the test if one of the following applies. 2011 income tax forms The property has an estimated production period of more than 2 years. 2011 income tax forms The property has an estimated production period of more than 1 year and it costs more than $1 million. 2011 income tax forms Transportation property is any tangible personal property used in the trade or business of transporting persons or property. 2011 income tax forms For property that qualifies for the special depreciation allowance solely because of the one-year extension of the placed in service date, only the part of the basis attributable to manufacture, construction, or production before September 11, 2004, is eligible for the special depreciation allowance. 2011 income tax forms Special Liberty Zone Depreciation Allowance for New and Used Property You can claim the special Liberty Zone depreciation allowance (an additional 30% depreciation deduction) for used property that you acquire after September 10, 2001, if the property meets the requirements listed under Qualified Liberty Zone Property in chapter 5 of this publication. 2011 income tax forms You will be able to claim the allowance for both new and used property that you acquire after September 10, 2004, provided the property meets the other requirements for qualified Liberty Zone property. 2011 income tax forms Depreciation of Property Used on Indian Reservations The special depreciation rules that apply to qualified property used on an Indian reservation were scheduled to expire for property placed in service after 2003. 2011 income tax forms These special rules have been extended to include property placed in service in 2004. 2011 income tax forms For more information about these rules, see Publication 946, How To Depreciate Property. 2011 income tax forms Indian Employment Credit Extended The Indian employment credit that was scheduled to expire for tax years beginning after 2003 has been extended to include a tax year beginning in 2004. 2011 income tax forms For more information about this credit, see Publication 954, Tax Incentives for Empowerment Zones and Other Distressed Communities. 2011 income tax forms Prev  Up  Next   Home   More Online Publications