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Amend 2008 Tax Return

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Amend 2008 Tax Return

Amend 2008 tax return Internal Revenue Bulletin:  2009-17  April 27, 2009  Rev. Amend 2008 tax return Proc. Amend 2008 tax return 2009-24 Table of Contents SECTION 1. Amend 2008 tax return PURPOSE SECTION 2. Amend 2008 tax return BACKGROUND SECTION 3. Amend 2008 tax return SCOPE SECTION 4. Amend 2008 tax return APPLICATION. Amend 2008 tax return 01 In General. Amend 2008 tax return . Amend 2008 tax return 02 Limitations on Depreciation Deductions for Certain Automobiles. Amend 2008 tax return . Amend 2008 tax return 03 Inclusions in Income of Lessees of Passenger Automobiles. Amend 2008 tax return SECTION 5. Amend 2008 tax return EFFECTIVE DATE SECTION 6. Amend 2008 tax return DRAFTING INFORMATION SECTION 1. Amend 2008 tax return PURPOSE . Amend 2008 tax return 01 This revenue procedure provides: (1) limitations on depreciation deductions for owners of passenger automobiles first placed in service by the taxpayer during calendar year 2009, 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 2009, including a separate table of inclusion amounts for lessees of trucks and vans. Amend 2008 tax return . Amend 2008 tax return 02 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. Amend 2008 tax return SECTION 2. Amend 2008 tax return BACKGROUND . Amend 2008 tax return 01 For owners of passenger automobiles, § 280F(a) imposes dollar limitations on the depreciation deduction for the year that the passenger automobile is placed in service by the taxpayer and each succeeding year. Amend 2008 tax return 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. Amend 2008 tax return 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. Amend 2008 tax return This change reflects the higher rate of price inflation that trucks and vans have been subject to since 1988. Amend 2008 tax return . Amend 2008 tax return 02 Section 168(k)(1)(A) provides a 50 percent additional first year depreciation deduction for certain new property acquired by a taxpayer after December 31, 2007, and before January 1, 2010, if no written binding contract for the acquisition of the property existed before January 1, 2008. Amend 2008 tax return Section 168(k)(2)(F)(i) increases the first year depreciation allowed under § 280F(a)(1)(A) by $8,000 for passenger automobiles to which the 50 percent additional first year depreciation deduction applies. Amend 2008 tax return . Amend 2008 tax return 03 Section 168(k)(2)(D)(i) provides that the 50 percent additional first year depreciation deduction does not apply to any property required to be depreciated under the alternative depreciation system of § 168(g), including property described in § 280F(b)(1). Amend 2008 tax return Section 168(k)(2)(D)(iii) permits a taxpayer to elect to not claim the 50 percent additional first year depreciation deduction for any class of property. Amend 2008 tax return Section 168(k)(4) permits a corporation to elect to not claim the 50 percent additional first year depreciation deduction for all eligible qualified property (that is extension property or that is not extension property, as applicable) and instead to increase the business credit limitation under § 38(c) or the alternative minimum tax credit limitation under § 53(c). Amend 2008 tax return Accordingly, this revenue procedure provides tables for passenger automobiles for which the 50 percent additional depreciation deduction applies and tables for passenger automobiles for which the 50 percent additional first year depreciation deduction does not apply, including passenger automobiles in a class of property for which the taxpayer “elects out” of the 50 percent additional first year depreciation deduction or passenger automobiles that are eligible qualified property to which the § 168(k)(4) election applies. Amend 2008 tax return . Amend 2008 tax return 04 For leased passenger automobiles, § 280F(c) requires a reduction in the deduction allowed to the lessee of the passenger automobile. Amend 2008 tax return The reduction must be substantially equivalent to the limitations on the depreciation deductions imposed on owners of passenger automobiles. Amend 2008 tax return Under § 1. Amend 2008 tax return 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. Amend 2008 tax return One table applies to lessees of trucks and vans and another table applies to all other passenger automobiles. Amend 2008 tax return Each table shows inclusion amounts for a range of fair market values for each taxable year after the passenger automobile is first leased. Amend 2008 tax return SECTION 3. Amend 2008 tax return SCOPE . Amend 2008 tax return 01 The limitations on depreciation deductions in section 4. Amend 2008 tax return 02(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 2009, and continue to apply for each taxable year that the passenger automobile remains in service. Amend 2008 tax return . Amend 2008 tax return 02 The tables in section 4. Amend 2008 tax return 03 of this revenue procedure apply to leased passenger automobiles for which the lease term begins during calendar year 2009. Amend 2008 tax return 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. Amend 2008 tax return See Rev. Amend 2008 tax return Proc. Amend 2008 tax return 2002-14, 2002-1 C. Amend 2008 tax return B. Amend 2008 tax return 450, for passenger automobiles first leased before January 1, 2003, Rev. Amend 2008 tax return Proc. Amend 2008 tax return 2003-75, 2003-2 C. Amend 2008 tax return B. Amend 2008 tax return 1018, for passenger automobiles first leased during calendar year 2003, Rev. Amend 2008 tax return Proc. Amend 2008 tax return 2004-20, 2004-1 C. Amend 2008 tax return B. Amend 2008 tax return 642, for passenger automobiles first leased during calendar year 2004, Rev. Amend 2008 tax return Proc. Amend 2008 tax return 2005-13, 2005-1 C. Amend 2008 tax return B. Amend 2008 tax return 759, for passenger automobiles first leased during calendar year 2005, Rev. Amend 2008 tax return Proc. Amend 2008 tax return 2006-18, 2006-1 C. Amend 2008 tax return B. Amend 2008 tax return 645, for passenger automobiles first leased during calendar year 2006, Rev. Amend 2008 tax return Proc. Amend 2008 tax return 2007-30, 2007-1 C. Amend 2008 tax return B. Amend 2008 tax return 1104, for passenger automobiles first leased during calendar year 2007, and Rev. Amend 2008 tax return Proc. Amend 2008 tax return 2008-22, 2008-12 I. Amend 2008 tax return R. Amend 2008 tax return B. Amend 2008 tax return 658, for passenger automobiles first leased during calendar year 2008. Amend 2008 tax return SECTION 4. Amend 2008 tax return APPLICATION . Amend 2008 tax return 01 In General. Amend 2008 tax return (1) Limitations on depreciation deductions for certain automobiles. Amend 2008 tax return The limitations on depreciation deductions for passenger automobiles placed in service by the taxpayer for the first time during calendar year 2009 are in Tables 1 through 4 in section 4. Amend 2008 tax return 02(2) of this revenue procedure. Amend 2008 tax return (2) Inclusions in income of lessees of passenger automobiles. Amend 2008 tax return A taxpayer first leasing a passenger automobile during calendar year 2009 must determine the inclusion amount that is added to gross income using Tables 5 and 6 in section 4. Amend 2008 tax return 03 of this revenue procedure. Amend 2008 tax return In addition, the taxpayer must follow the procedures of § 1. Amend 2008 tax return 280F-7(a). Amend 2008 tax return . Amend 2008 tax return 02 Limitations on Depreciation Deductions for Certain Automobiles. Amend 2008 tax return (1) Amount of the inflation adjustment. Amend 2008 tax return (a) Passenger automobiles (other than trucks or vans). Amend 2008 tax return 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. Amend 2008 tax return 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. Amend 2008 tax return The new car component of the CPI was 115. Amend 2008 tax return 2 for October 1987 and 134. Amend 2008 tax return 837 for October 2008. Amend 2008 tax return The October 2008 index exceeded the October 1987 index by 19. Amend 2008 tax return 637. Amend 2008 tax return The Internal Revenue Service has, therefore, determined that the automobile price inflation adjustment for 2009 for passenger automobiles (other than trucks and vans) is 17. Amend 2008 tax return 05 percent (19. Amend 2008 tax return 637/115. Amend 2008 tax return 2 x 100%). Amend 2008 tax return This adjustment is applicable to all passenger automobiles (other than trucks and vans) that are first placed in service in calendar year 2009. Amend 2008 tax return The dollar limitations in § 280F(a) therefore must be multiplied by a factor of 0. Amend 2008 tax return 1705, 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 2009. Amend 2008 tax return (b) Trucks and vans. Amend 2008 tax return To determine the dollar limitations applicable to trucks and vans first placed in service during calendar year 2009, the new truck component of the CPI is used instead of the new car component. Amend 2008 tax return The new truck component of the CPI was 112. Amend 2008 tax return 4 for October 1987 and 133. Amend 2008 tax return 640 for October 2008. Amend 2008 tax return The October 2008 index exceeded the October 1987 index by 21. Amend 2008 tax return 24. Amend 2008 tax return The Service has, therefore, determined that the automobile price inflation adjustment for 2009 for trucks and vans is 18. Amend 2008 tax return 90 percent (21. Amend 2008 tax return 24/112. Amend 2008 tax return 4 x 100%). Amend 2008 tax return This adjustment is applicable to all trucks and vans that are first placed in service in calendar year 2009. Amend 2008 tax return The dollar limitations in § 280F(a) therefore must be multiplied by a factor of 0. Amend 2008 tax return 1890, and the resulting increases, after rounding to the nearest $100, are added to the 1988 limitations to give the depreciation limitations applicable to trucks and vans. Amend 2008 tax return (2) Amount of the limitation. Amend 2008 tax return For passenger automobiles placed in service by the taxpayer in calendar year 2009, Tables 1 through 4 contain the dollar amount of the depreciation limitation for each taxable year. Amend 2008 tax return Use Table 1 for a passenger automobile (other than a truck or van) placed in service by the taxpayer in calendar year 2009, for which the 50 percent additional first year depreciation deduction does not apply, including a passenger automobile (other than a truck or van) in a class of property for which the taxpayer elects out of the 50 percent additional first year depreciation deduction or a passenger automobile that is eligible qualified property to which the § 168(k)(4) election applies. Amend 2008 tax return Use Table 2 for a passenger automobile (other than a truck or van) placed in service by the taxpayer in calendar year 2009, for which the 50 percent additional first year depreciation deduction applies. Amend 2008 tax return Use Table 3 for a truck or van placed in service by the taxpayer in calendar year 2009, for which the 50 percent additional first year depreciation deduction does not apply, including a truck or van in a class of property for which the taxpayer elects out of the 50 percent additional first year depreciation deduction or a truck or van that is eligible qualified property to which the § 168(k)(4) election applies. Amend 2008 tax return Use Table 4 for a truck or van placed in service by the taxpayer in calendar year 2009, for which the 50 percent additional first year depreciation deduction applies. Amend 2008 tax return REV. Amend 2008 tax return PROC. Amend 2008 tax return 2009-24 TABLE 1 DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) PLACED IN SERVICE BY THE TAXPAYER IN CALENDAR YEAR 2009, FOR WHICH THE 50 PERCENT ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION DOES NOT APPLY Tax Year Amount 1st Tax Year $2,960 2nd Tax Year $4,800 3rd Tax Year $2,850 Each Succeeding Year $1,775 REV. Amend 2008 tax return PROC. Amend 2008 tax return 2009-24 TABLE 2 DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) PLACED IN SERVICE BY THE TAXPAYER IN CALENDAR YEAR 2009, FOR WHICH THE 50 PERCENT ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES Tax Year Amount 1st Tax Year $10,960 2nd Tax Year $4,800 3rd Tax Year $2,850 Each Succeeding Year $1,775 REV. Amend 2008 tax return PROC. Amend 2008 tax return 2009-24 TABLE 3 DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE BY THE TAXPAYER IN CALENDAR YEAR 2009, FOR WHICH THE 50 PERCENT ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION DOES NOT APPLY Tax Year Amount 1st Tax Year $3,060 2nd Tax Year $4,900 3rd Tax Year $2,950 Each Succeeding Year $1,775 REV. Amend 2008 tax return PROC. Amend 2008 tax return 2009-24 TABLE 4 DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE BY THE TAXPAYER IN CALENDAR YEAR 2009, FOR WHICH THE 50 PERCENT ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES Tax Year Amount 1st Tax Year $11,060 2nd Tax Year $4,900 3rd Tax Year $2,950 Each Succeeding Year $1,775 . Amend 2008 tax return 03 Inclusions in Income of Lessees of Passenger Automobiles. Amend 2008 tax return The inclusion amounts for passenger automobiles first leased in calendar year 2009 are calculated under the procedures described in § 1. Amend 2008 tax return 280F-7(a). Amend 2008 tax return Lessees of passenger automobiles other than trucks and vans should use Table 5 of this revenue procedure in applying these procedures, while lessees of trucks and vans should use Table 6 of this revenue procedure. Amend 2008 tax return REV. Amend 2008 tax return PROC. Amend 2008 tax return 2009-24 TABLE 5 DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2009 Fair Market Value of Passenger Automobile Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th & Later $18,500 $19,000 9 19 28 34 38 19,000 19,500 10 21 32 38 43 19,500 20,000 11 24 36 42 48 20,000 20,500 12 27 39 46 54 20,500 21,000 13 29 43 51 58 21,000 21,500 15 31 47 55 64 21,500 22,000 16 34 50 60 68 22,000 23,000 17 38 56 66 76 23,000 24,000 20 42 64 75 86 24,000 25,000 22 47 71 84 96 25,000 26,000 24 52 78 93 107 26,000 27,000 26 58 85 101 117 27,000 28,000 29 62 93 110 127 28,000 29,000 31 67 100 119 138 29,000 30,000 33 72 108 128 147 30,000 31,000 35 77 115 137 157 31,000 32,000 38 82 122 146 167 32,000 33,000 40 87 129 155 178 33,000 34,000 42 92 137 163 188 34,000 35,000 44 97 144 172 199 35,000 36,000 47 102 151 181 208 36,000 37,000 49 107 159 189 219 37,000 38,000 51 112 166 199 228 38,000 39,000 53 117 173 208 239 39,000 40,000 56 122 180 216 250 40,000 41,000 58 127 188 225 259 41,000 42,000 60 132 195 234 269 42,000 43,000 62 137 203 242 280 43,000 44,000 65 141 210 252 290 44,000 45,000 67 146 218 260 300 45,000 46,000 69 151 225 269 311 46,000 47,000 71 157 232 278 320 47,000 48,000 74 161 240 286 331 48,000 49,000 76 166 247 296 340 49,000 50,000 78 171 255 304 351 50,000 51,000 80 176 262 313 361 51,000 52,000 83 181 269 322 371 52,000 53,000 85 186 276 331 381 53,000 54,000 87 191 284 339 392 54,000 55,000 89 196 291 349 401 55,000 56,000 92 201 298 357 412 56,000 57,000 94 206 306 365 423 57,000 58,000 96 211 313 375 432 58,000 59,000 98 216 320 384 442 59,000 60,000 101 221 327 393 452 60,000 62,000 104 228 339 406 467 62,000 64,000 109 238 353 424 488 64,000 66,000 113 248 368 441 509 66,000 68,000 118 258 382 459 529 68,000 70,000 122 268 397 476 550 70,000 72,000 127 277 413 493 570 72,000 74,000 131 288 427 511 590 74,000 76,000 136 297 442 529 610 76,000 78,000 140 307 457 546 631 78,000 80,000 145 317 471 564 651 80,000 85,000 152 335 497 595 686 85,000 90,000 164 359 534 639 737 90,000 95,000 175 384 570 683 789 95,000 100,000 186 409 607 727 839 100,000 110,000 203 446 662 793 916 110,000 120,000 226 495 736 881 1,018 120,000 130,000 248 545 809 970 1,119 130,000 140,000 271 594 883 1,058 1,220 140,000 150,000 293 644 956 1,146 1,322 150,000 160,000 316 693 1,030 1,234 1,424 160,000 170,000 338 743 1,103 1,322 1,526 170,000 180,000 361 792 1,177 1,410 1,628 180,000 190,000 383 842 1,250 1,498 1,730 190,000 200,000 406 891 1,324 1,586 1,831 200,000 210,000 428 941 1,397 1,675 1,932 210,000 220,000 451 990 1,471 1,762 2,035 220,000 230,000 473 1,040 1,544 1,851 2,136 230,000 240,000 496 1,089 1,618 1,939 2,238 240,000 And up 518 1,139 1,691 2,027 2,340 REV. Amend 2008 tax return PROC. Amend 2008 tax return 2009-24 TABLE 6 DOLLAR AMOUNTS FOR TRUCKS AND VANS WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2009 Fair Market Value of Electric Automobile Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th and Later $18,500 $19,000 8 17 25 30 35 19,000 19,500 9 19 29 35 40 19,500 20,000 10 22 33 38 45 20,000 20,500 11 25 36 43 50 20,500 21,000 12 27 40 48 55 21,000 21,500 13 30 43 52 60 21,500 22,000 15 32 47 56 66 22,000 23,000 16 36 52 64 72 23,000 24,000 18 41 60 72 83 24,000 25,000 21 45 68 81 93 25,000 26,000 23 50 75 90 103 26,000 27,000 25 56 82 98 114 27,000 28,000 27 61 89 107 124 28,000 29,000 30 65 97 116 134 29,000 30,000 32 70 104 125 144 30,000 31,000 34 75 112 134 154 31,000 32,000 36 80 119 143 164 32,000 33,000 39 85 126 151 175 33,000 34,000 41 90 134 160 184 34,000 35,000 43 95 141 169 195 35,000 36,000 45 100 148 178 205 36,000 37,000 48 105 155 187 215 37,000 38,000 50 110 163 195 226 38,000 39,000 52 115 170 204 236 39,000 40,000 55 120 177 213 246 40,000 41,000 57 125 185 221 256 41,000 42,000 59 130 192 231 266 42,000 43,000 61 135 199 240 276 43,000 44,000 64 139 207 249 286 44,000 45,000 66 144 215 257 296 45,000 46,000 68 149 222 266 307 46,000 47,000 70 155 229 274 317 47,000 48,000 73 159 237 283 327 48,000 49,000 75 164 244 292 338 49,000 50,000 77 169 251 301 348 50,000 51,000 79 174 259 310 357 51,000 52,000 82 179 266 318 368 52,000 53,000 84 184 273 328 378 53,000 54,000 86 189 281 336 388 54,000 55,000 88 194 288 345 399 55,000 56,000 91 199 295 354 408 56,000 57,000 93 204 302 363 419 57,000 58,000 95 209 310 371 429 58,000 59,000 97 214 317 381 439 59,000 60,000 100 219 324 389 450 60,000 62,000 103 226 336 402 465 62,000 64,000 107 236 351 420 485 64,000 66,000 112 246 365 438 505 66,000 68,000 116 256 380 455 526 68,000 70,000 121 266 394 473 546 70,000 72,000 125 276 409 491 566 72,000 74,000 130 286 423 509 586 74,000 76,000 134 296 438 526 607 76,000 78,000 139 305 454 543 627 78,000 80,000 143 316 467 561 648 80,000 85,000 151 333 493 592 684 85,000 90,000 163 357 531 635 735 90,000 95,000 174 382 567 680 785 95,000 100,000 185 407 604 724 836 100,000 110,000 202 444 659 790 912 110,000 120,000 225 493 733 878 1,014 120,000 130,000 247 543 806 966 1,116 130,000 140,000 270 592 880 1,054 1,218 140,000 150,000 292 642 953 1,143 1,319 150,000 160,000 315 691 1,027 1,230 1,421 160,000 170,000 337 741 1,100 1,319 1,522 170,000 180,000 360 790 1,174 1,407 1,624 180,000 190,000 382 840 1,247 1,495 1,726 190,000 200,000 405 889 1,321 1,583 1,828 200,000 210,000 427 939 1,394 1,671 1,930 210,000 220,000 450 988 1,468 1,759 2,031 220,000 230,000 472 1,038 1,541 1,847 2,134 230,000 240,000 495 1,087 1,615 1,935 2,235 240,000 and up 517 1,137 1,688 2,024 2,336 SECTION 5. Amend 2008 tax return EFFECTIVE DATE This revenue procedure applies to passenger automobiles (other than leased passenger automobiles) that are first placed in service by a taxpayer during calendar year 2009, and to leased passenger automobiles that are first leased by a taxpayer during calendar year 2009. Amend 2008 tax return SECTION 6. Amend 2008 tax return DRAFTING INFORMATION The principal author of this revenue procedure is Bernard P. Amend 2008 tax return Harvey of the Office of Associate Chief Counsel (Income Tax & Accounting). Amend 2008 tax return For further information regarding this revenue procedure, contact Mr. Amend 2008 tax return Harvey at (202) 622-4930 (not a toll-free call). Amend 2008 tax return Prev  Up  Next   Home   More Internal Revenue Bulletins
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The Amend 2008 Tax Return

Amend 2008 tax return Publication 557 - Introductory Material Table of Contents What's New Reminders Introduction What's New Proposed regulations on “good faith determinations”. Amend 2008 tax return  Proposed regulations modify standards for making a good faith determination that a foreign organization is a charitable organization, grants to which may be qualifying distributions and not taxable expenditures. Amend 2008 tax return The proposed regulations identify a broader class of tax practitioners upon whose written advice a private foundation may base a “good faith determination. Amend 2008 tax return ” See, Proposed Regulations: Reliance Standards for Making Good Faith Determinations, REG-134974-12, 2012-47 I. Amend 2008 tax return R. Amend 2008 tax return B. Amend 2008 tax return 553. Amend 2008 tax return Prop. Amend 2008 tax return Regs. Amend 2008 tax return on Good Faith Determinations. Amend 2008 tax return New Requirements for section 501(c)(3) Hospitals Under the Affordable Care Act. Amend 2008 tax return  The Affordable Care Act (ACA), enacted March 23, 2010, added new requirements that hospital organizations must satisfy in order to be described in section 501(c)(3), as well as new reporting requirements and excise taxes. Amend 2008 tax return On June 22, 2012, the Service issued a notice of proposed rulemaking that addresses the new requirements enacted by the ACA applicable to section 501(c)(3) hospital organizations. Amend 2008 tax return See, Proposed Regulations: Additional Requirements for Charitable Hospitals, REG-13026-11, 77 Fed. Amend 2008 tax return Reg. Amend 2008 tax return 38148. Amend 2008 tax return On April 3, 2013, the Service issued proposed regulations on the ACA's community health needs assessment (CHNA) requirements. Amend 2008 tax return The proposed regulations also discuss the related reporting and excise tax requirements for charitable hospitals and the consequences for failure to satisfy the section 501(r) requirements. Amend 2008 tax return See, Proposed Regulations: Community Health Needs Assessments for Charitable Hospitals, REG-106499-12, 78 Fed. Amend 2008 tax return Reg. Amend 2008 tax return 20,523. Amend 2008 tax return Timing of when an Organization is exempt for Federal Tax Purposes. Amend 2008 tax return  As noted in section 2. Amend 2008 tax return 03(4) of Revenue Procedure 2013-9, 2013-2 I. Amend 2008 tax return R. Amend 2008 tax return B. Amend 2008 tax return 267, the provisions in section 11. Amend 2008 tax return 01 regarding the effect of determination letters or rulings recognizing exempt status of organizations described in section 501(c), other than sections 501(c)(3), (9), (17), and (29), have been revised. Amend 2008 tax return Prior to this year, and back to 1962, when such organizations applied for recognition, the IRS would usually recognize the organizations as tax exempt from the date of formation, no matter how long the interval between the date of formation and the date of application. Amend 2008 tax return In addition to the practical difficulties of ascertaining an organization's purposes and activities for this period, such recognition is now potentially inconsistent with the provisions of section 6033(j), which automatically revokes the exempt status of an organization that fails to file required Form 990 series returns or notices for three consecutive years. Amend 2008 tax return The new procedure adopts a practice similar to the rule for section 501(c)(3) organizations for these organizations, generally permitting recognition from the date of formation if the organization has: always met the requirements for exemption, has applied within 27 months from the end of the month in which it was organized, and has not failed to file required Form 990 series returns or notices for three consecutive years. Amend 2008 tax return Section 11. Amend 2008 tax return 01(3) notes: an organization that otherwise meets the requirements for tax-exempt status and the issuance of a determination letter or ruling that does not meet the requirements for recognition from date of formation will generally be recognized from the postmark date of its application. Amend 2008 tax return Exempt Organizations Select Check. Amend 2008 tax return  The IRS has developed an on-line search tool, Exempt Organizations Select Check, that allows users to select an exempt organization and check certain information about its federal tax status and filings. Amend 2008 tax return It consolidates three former search sites into one, providing expanded search capability and a more efficient way to search for organizations that: Are eligible to receive tax-deductible charitable contributions (Publication 78 data). Amend 2008 tax return Users may rely on this list in determining deductibility of contributions, just as they did when Publication 78 was a separate electronic publication rather than part of Select Check. Amend 2008 tax return Have had their tax-exempt status automatically revoked under the law because they have not filed Form 990 series returns or notices annually as required for three consecutive years (Auto-Revocation List). Amend 2008 tax return Have filed a Form 990-N (e-Postcard) annual electronic notice. Amend 2008 tax return  In addition to searching for a particular organization, users may download a complete list of each of the three types of organizations through Exempt Organizations Select Check. Amend 2008 tax return See also Revenue Procedure 2011-33, 2011-25 I. Amend 2008 tax return R. Amend 2008 tax return B. Amend 2008 tax return 887. Amend 2008 tax return Future developments. Amend 2008 tax return . Amend 2008 tax return  The IRS has created a page on IRS. Amend 2008 tax return gov for information about Publication 557, at www. Amend 2008 tax return irs. Amend 2008 tax return gov/pub557. Amend 2008 tax return Information about any future developments affecting Publication 557 (such as legislation enacted after we release it) will be posted on that page. Amend 2008 tax return Reminders The Patient Protection and Affordable Care Act (ACA). Amend 2008 tax return   The ACA added several new laws. Amend 2008 tax return This includes a new excise tax on indoor tanning services, a small business health care tax credit, additional requirements for tax-exempt hospitals, and the section 501(c)(29) CO-OP program. Amend 2008 tax return For more information, go to IRS. Amend 2008 tax return gov and select Affordable Care Act Tax Provisions. Amend 2008 tax return Electronic filing requirement for large organizations. Amend 2008 tax return  For tax years ending on or after December 31, 2006, only organizations that file 250 returns during the calendar year and that have total assets of $10 million or more are required to file Form 990 electronically. Amend 2008 tax return For more information, go to e-file for Charities and Non-Profits. Amend 2008 tax return Section 501(c)(15) gross receipts. Amend 2008 tax return   The definition of gross receipts for purposes of determining whether small insurance companies qualify as tax-exempt under section 501(c)(15) has changed. Amend 2008 tax return See Notice 2006-42, 2006-19 I. Amend 2008 tax return R. Amend 2008 tax return B. Amend 2008 tax return 878, Notice 2006-42. Amend 2008 tax return Prohibited tax shelter transactions. Amend 2008 tax return  New excise taxes are imposed under section 4965 on certain tax-exempt organizations entering into prohibited tax shelter transactions. Amend 2008 tax return See T. Amend 2008 tax return D. Amend 2008 tax return 9492, Excise Taxes on Prohibited Tax Shelter Transactions and Related Disclosure Requirements, 2010-33 I. Amend 2008 tax return R. Amend 2008 tax return B. Amend 2008 tax return 242. Amend 2008 tax return See IRS Issues Final Regulations Regarding Excise Taxes on Prohibited Tax Shelter Transactions and Related Disclosure Requirement. Amend 2008 tax return Pension Protection Act of 2006 tax changes. Amend 2008 tax return  The Pension Protection Act of 2006 made numerous changes to the tax law provisions affecting tax-exempt organizations. Amend 2008 tax return Unless otherwise noted, most of the changes became effective on August 17, 2006. Amend 2008 tax return For key provisions, go to The Pension Protection Act of 2006. Amend 2008 tax return Section 501(c)(3) organizations must make their Form 990-T, Exempt Organization Business Tax Return (and proxy tax under section 6033(e)), open for public inspection for a period of 3 years from the date the Form 990-T is required to be filed (determined with regard to any extension of time for filing) or is actually filed, whichever is later. Amend 2008 tax return There is an increase in excise taxes relating to public charities, social welfare organizations, and private foundations. Amend 2008 tax return There are additional standards for credit counseling organizations. Amend 2008 tax return The definition of convention or association of churches has been modified. Amend 2008 tax return Entities that are not required to file Form 990 or 990-EZ must file new Form 990-N, Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required to File Form 990 or 990-EZ. Amend 2008 tax return The requirements of disclosure to state officials relating to exempt organizations has been modified. Amend 2008 tax return There are excise taxes imposed on excess benefit transactions involving donor advised funds and sponsoring organizations. Amend 2008 tax return There are new excise taxes on prohibited tax shelter transactions. Amend 2008 tax return There is a modification of recordkeeping requirements for certain charitable contributions. Amend 2008 tax return Introduction This publication discusses the rules and procedures for organizations that seek recognition of exemption from federal income tax under section 501(a) of the Internal Revenue Code (the Code). Amend 2008 tax return It explains the procedures you must follow to obtain an appropriate ruling or determination letter recognizing your organization's exemption, as well as certain other information that applies generally to all exempt organizations. Amend 2008 tax return To qualify for exemption under the Code, your organization must be organized for one or more of the purposes specifically designated in the Code. Amend 2008 tax return Organizations that are exempt under section 501(a) include those organizations described in section 501(c). Amend 2008 tax return Section 501(c) organizations are covered in this publication. Amend 2008 tax return Chapter 1, Application, Approval, and Appeal Procedures, provides general information about the procedures for obtaining recognition of tax-exempt status. Amend 2008 tax return Chapter 2, Filing Requirements and Required Disclosures, contains information about annual filing requirements and other matters that may affect your organization's tax-exempt status. Amend 2008 tax return Chapter 3, Section 501(c)(3) Organizations, contains detailed information on various matters affecting section 501(c)(3) organizations, including a section on the determination of private foundation status. Amend 2008 tax return Chapter 4, Other Section 501(c) Organizations, includes separate sections for specific types of organizations described in section 501(c). Amend 2008 tax return Chapter 5, Excise Taxes, provides information on when excise taxes may be imposed. Amend 2008 tax return Organizations not discussed in this publication. Amend 2008 tax return   Certain organizations that may qualify for exemption are not discussed in this publication, although they are included in the Organization Reference Chart. Amend 2008 tax return These organizations (and the Code sections that apply to them) are as follows. Amend 2008 tax return Corporations organized under Acts of Congress 501(c)(1) Teachers' retirement fund associations 501(c)(11) Mutual insurance companies 501(c)(15) Corporations organized to finance crop operations 501(c)(16) Employee funded pension trusts (created before June 25, 1959) 501(c)(18) Withdrawal liability payment fund 501(c)(22) Veterans' organizations (created before 1880) 501(c)(23) National Railroad Retirement Investment Trust 501(c)(28) Religious and apostolic associations 501(d) Cooperative hospital service organizations 501(e) Cooperative service organizations of operating educational organizations 501(f)   Section 501(c)(24) organizations (section 4049 ERISA trusts) are neither discussed in the text nor listed in the Organization Reference Chart. Amend 2008 tax return   Similarly, farmers' cooperative associations that qualify for exemption under section 521, qualified state tuition programs described in section 529, and pension, profit-sharing, and stock bonus plans described in section 401(a) are not discussed in this publication. Amend 2008 tax return If you think your organization falls within one of these categories, contact the IRS for any additional information you need. Amend 2008 tax return For telephone assistance, call 1-877-829-5500. Amend 2008 tax return   Check the Table of Contents at the beginning of this publication to determine whether your organization is described in this publication. Amend 2008 tax return If it is, read the chapter (or section) that applies to your type of organization for the specific information you must give when applying for recognition of exemption. Amend 2008 tax return Organization Reference Chart. Amend 2008 tax return   The Organization Reference Chart enables you to locate at a glance the section of the Code under which your organization might qualify for exemption. Amend 2008 tax return It also shows the required application form and, if your organization meets the exemption requirements, the annual return to be filed (if any), and whether or not a contribution to your organization will be deductible by a donor. Amend 2008 tax return It also describes each type of qualifying organization and the general nature of its activities. Amend 2008 tax return   You may use the Organization Reference Chart to determine the Code section that you think applies to your organization. Amend 2008 tax return Any correspondence with the IRS (in requesting forms or otherwise) will be expedited if you indicate in your correspondence the appropriate Code section. Amend 2008 tax return Check the IRS website, IRS. Amend 2008 tax return gov, for the latest updates, Tax Information for Charities & Other Non-Profits, www. Amend 2008 tax return irs. Amend 2008 tax return gov/charities/index. Amend 2008 tax return html. Amend 2008 tax return Comments and suggestions. Amend 2008 tax return   We welcome your comments about this publication and your suggestions for future editions. Amend 2008 tax return   You can e-mail us while visiting our website at IRS. Amend 2008 tax return gov. Amend 2008 tax return   You can send your comments to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Amend 2008 tax return NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Amend 2008 tax return Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Amend 2008 tax return   If you wish telephone assistance, please call 1-877-829-5500. 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