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Amended 1040x

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Amended 1040x

Amended 1040x Accelerated Cost Recovery System (ACRS) Table of Contents Topics - This chapter discusses: Useful Items - You may want to see: ACRS Defined What Can and Cannot Be Depreciated Under ACRSRecovery Property Nonrecovery Property How To Figure the DeductionUnadjusted Basis Classes of Recovery Property Recovery Periods Alternate ACRS Method (Modified Straight Line Method) ACRS Deduction in Short Tax Year DispositionsEarly dispositions of ACRS property other than 15-, 18-, or 19-year real property. Amended 1040x Dispositions — mass asset accounts. Amended 1040x Early dispositions — 15-year real property. Amended 1040x Early dispositions — 18- and 19-year real property. Amended 1040x Depreciation Recapture Topics - This chapter discusses: The definition of ACRS What can and cannot be depreciated under ACRS How to figure the deduction Dispositions Useful Items - You may want to see: Publication 544 Sales and Other Dispositions of Assets 551 Basis of Assets 583 Starting a Business and Keeping Records Form (and Instructions) 3115 Application for Change in Accounting Method 4562 Depreciation and Amortization The Accelerated Cost Recovery System (ACRS) applies to property first used before 1987. Amended 1040x It is the name given to tax rules for getting back (recovering) through depreciation deductions the cost of property used in a trade or business or to produce income. Amended 1040x These rules are mandatory and generally apply to tangible property placed in service after 1980 and before 1987. Amended 1040x If you placed property in service during this period, you must continue to figure your depreciation under ACRS. Amended 1040x If you used listed property placed in service after June 18, 1984, less than 50% for business in 1995, see Predominant Use Test in chapter 3. Amended 1040x Listed property includes cars, other means of transportation, and certain computers. Amended 1040x Any additions or improvements placed in service after 1986, including any components of a building (such as plumbing, wiring, storm windows, etc. Amended 1040x ), are depreciated using MACRS, discussed in chapter 3 of Publication 946. Amended 1040x It does not matter that the underlying property is depreciated under ACRS or one of the other methods. Amended 1040x ACRS Defined ACRS consists of accelerated depreciation methods and an alternate ACRS method that could have been elected. Amended 1040x The alternate ACRS method used a recovery percentage based on a modified straight line method. Amended 1040x The law prescribes fixed percentages to be uses for each class of property. Amended 1040x Property depreciable under ACRS is called recovery property. Amended 1040x The recovery class of property determines the recovery period. Amended 1040x Generally, the class life of property places it in a 3-year, 5-year, 10-year, 15-year, 18-year, or 19-year recovery class. Amended 1040x Under ACRS, the prescribed percentages are used to recover the unadjusted basis of recovery property. Amended 1040x To figure a depreciation deduction, you multiply the prescribed percentage for the recovery class by the unadjusted basis of the recovery property. Amended 1040x You must continue to figure your depreciation under ACRS for property placed in service after 1980 and before 1987. Amended 1040x For property you placed in service after 1986, you must use MACRS, discussed in chapter 3 of Publication 946. Amended 1040x What Can and Cannot Be Depreciated Under ACRS ACRS applies to most depreciable tangible property placed in service after 1980 and before 1987. Amended 1040x It includes new or used and real or personal property. Amended 1040x The property must be for use in a trade or business or for the production of income. Amended 1040x Property you acquired before 1981 or after 1986 is not ACRS recovery property. Amended 1040x For information on depreciating property acquired before 1981, see chapter 2. Amended 1040x For information on depreciating property acquired after 1986, see chapter 3 of Publication 946. Amended 1040x Recovery Property Recovery property under ACRS is tangible depreciable property placed in service after 1980 and before 1987. Amended 1040x It generally includes new or used property that you acquired after 1980 and before 1987 for use in your trade or business or for the production of income. Amended 1040x Nonrecovery Property You cannot use ACRS for property you placed in service before 1981 or after 1986. Amended 1040x Nonrecovery property also includes: Intangible property, Property you elected to exclude from ACRS that is properly depreciated under a method of depreciation that is not based on a term of years, Certain public utility property, and Certain property acquired and excluded from ACRS because of the antichurning rules. Amended 1040x Intangible property. Amended 1040x   Intangible property is not depreciated under ACRS. Amended 1040x Property depreciated under methods not expressed in a term of years. Amended 1040x   Certain property depreciated under a method not expressed in a term of years is not depreciated under ACRS. Amended 1040x This included any property: If you made an irrevocable election to exclude such property, and In the first year that you could have claimed depreciation, you properly used the unit-of-production method or any method of depreciation not expressed in a term of years (not including the retirement-replacement-betterment method). Amended 1040x Public utility property. Amended 1040x   Public utility property for which the taxpayer does not use a normalization method of accounting is excluded from ACRS and is subject to depreciation under a special rule. Amended 1040x Additions or improvements to ACRS property after 1986. Amended 1040x   Any additions or improvements placed in service after 1986, including any components of a building (plumbing, wiring, storm windows, etc. Amended 1040x ) are depreciated using MACRS, discussed in chapter 3 of Publication 946. Amended 1040x It does not matter that the underlying property is depreciated under ACRS or one of the other methods. Amended 1040x How To Figure the Deduction After you determine that your property can be depreciated under ACRS, you are ready to figure your deduction. Amended 1040x Because the conventions are built into the percentage table rates, you only need to know the following: The unadjusted basis of your recovery property, The classes of recovery property, The recovery periods, and Whether to use the prescribed percentages based on accelerated methods or percentages based on using the alternate ACRS method. Amended 1040x Unadjusted Basis To figure your ACRS deduction, you multiply the unadjusted basis in your recovery property by its applicable percentage for the year. Amended 1040x Unadjusted basis is the same amount you would use to figure gain on a sale, but it is figured without taking into account any depreciation taken in earlier years. Amended 1040x However, reduce your original basis by the amount of amortization taken on the property and by any section 179 deduction claimed as discussed in chapter 2 of Publication 946. Amended 1040x If you buy property, your unadjusted basis is usually its cost minus any amortized amount and minus any section 179 deduction elected. Amended 1040x If you acquire property in some other way, such as by inheriting it, getting it as a gift, or building it yourself, you figure your unadjusted basis under other rules. Amended 1040x See Publication 551. Amended 1040x Classes of Recovery Property All recovery property under ACRS is in one of the following classes. Amended 1040x The class for your property was determined when you began to depreciate it. Amended 1040x 3-Year Property 3-year property includes automobiles, light-duty trucks (actual unloaded weight less than 13,000 pounds), and tractor units for use over-the-road. Amended 1040x Race horses over 2 years old when placed in service are 3-year property. Amended 1040x Any other horses over 12 years old when you placed them in service are also included in the 3-year property class. Amended 1040x The ACRS percentages for 3-year recovery property are: Recovery Period Percentage 1st year 25% 2nd year 38% 3rd year 37% If you used the percentages above to depreciate your 3-year recovery property, your property, except for certain passenger automobiles, is fully depreciated. Amended 1040x You cannot claim depreciation for this property after 1988. Amended 1040x 5-Year Property 5-year property includes computers, copiers, and equipment, such as office furniture and fixtures. Amended 1040x It also includes single purpose agricultural or horticultural structures and petroleum storage facilities (other than buildings and their structural components). Amended 1040x The ACRS percentages for 5-year recovery property are: Recovery period Percentage 1st year 15% 2nd year 22% 3rd through 5th year 21% If you used the percentages above to depreciate your 5-year recovery property, it is fully depreciated. Amended 1040x You cannot claim depreciation for this property after 1990. Amended 1040x 10-Year Property 10-year property includes certain real property such as theme-park structures and certain public utility property. Amended 1040x Manufactured homes (including mobile homes) and railroad tank cars are also 10-year property. Amended 1040x You do not treat a building, and its structural components, as 10-year property by reason of a change in use after you placed the property in service. Amended 1040x For example, a building (15-year real property) that was placed in service in 1981 and was converted to a theme-park structure in 1986 remains 15-year real property. Amended 1040x The ACRS percentages for 10-year recovery property are: Recovery Period Percentage 1st year 8% 2nd year 14% 3rd year 12% 4th through 6th year 10% 7th through 10th year 9% If you used the percentages above, you cannot claim depreciation for this property after 1995. Amended 1040x Example. Amended 1040x On April 21, 1986, you bought and placed in service a new mobile home for $26,000 to be used as rental property. Amended 1040x You paid $10,000 cash and signed a note for $16,000 giving you an unadjusted basis of $26,000. Amended 1040x On June 8, 1986, you bought and placed in service a used mobile home for use as rental property at a total cost of $11,500. Amended 1040x The total unadjusted basis of your 10-year recovery property placed in service in 1986 was $37,500 ($26,000 + $11,500). Amended 1040x Your ACRS deduction was $3,000 (8% × $37,500). Amended 1040x In 1987, your ACRS deduction was $5,250 (14% × $37,500). Amended 1040x In 1988, your ACRS deduction was $4,500 (12% × $37,500). Amended 1040x In 1989, 1990, and 1991, your ACRS deduction was $3,750 (10% × $37,500). Amended 1040x In 1992, 1993, 1994, and 1995 your deduction for each year is $3,375 (9% × $37,500). Amended 1040x 15-Year Real Property 15-year real property is real property that is recovery property placed in service before March 16, 1984. Amended 1040x It includes all real property, such as buildings, other than that designated as 5-year or 10-year property. Amended 1040x Unlike the 3-, 5-, or 10-year classes of property, the percentages for 15-year real property depend on when you placed the property in service during your tax year. Amended 1040x You could group 15-year real property by month and year placed in service. Amended 1040x In Table 1, at the end of this publication in the Appendix, find the month in your tax year that you placed the property in service in your trade or business or for the production of income. Amended 1040x You use the percentages listed under that month for each year of the recovery period to determine your depreciation deduction each year. Amended 1040x Example. Amended 1040x On March 5, 1984, you placed an apartment building in service in your business. Amended 1040x It is 15-year real property. Amended 1040x After subtracting the value of the land, your unadjusted basis in the building is $250,000. Amended 1040x You use the calendar year as your tax year. Amended 1040x March is the third month of your tax year. Amended 1040x Your ACRS deduction for 1984 was $25,000 (10% × $250,000). Amended 1040x For 1985, the percentage for the third month of the second year of the recovery period is 11%. Amended 1040x Your deduction was $27,500 (11% × $250,000). Amended 1040x For the third, fourth, and fifth years of the recovery period (1986, 1987, and 1988), the percentages are 9%, 8%, and 7%. Amended 1040x For 1989 through 1992, the percentage for the third month is 6%. Amended 1040x Your deduction each year is $15,000 (6% × $250,000). Amended 1040x For 1993, 1994, and 1995, the percentage for the third month is 5%. Amended 1040x Your depreciation deduction is $12,500 (5% × $250,000) for 1993, 1994, and 1995. Amended 1040x Low-Income Housing Low-income housing that was assigned a 15-year recovery period under ACRS includes the following types of property: Federally assisted housing projects where the mortgage is insured under section 221(d)(3) or 236 of the National Housing Act, or housing financed or assisted by direct loan or tax abatement under similar provisions of state or local laws. Amended 1040x Low-income rental housing for which a depreciation deduction for rehabilitation expenditures is allowed. Amended 1040x Low-income rental housing held for occupancy by families or individuals eligible to receive subsidies under section 8 of the United States Housing Act of 1937, as amended, or under the provisions of state or local laws that authorize similar subsidies for low-income families. Amended 1040x Housing financed or assisted by direct loan or insured under Title V of the Housing Act of 1949. Amended 1040x The ACRS percentages for low-income housing real property, like the regular 15-year real property percentages, depend on when you placed the property in service. Amended 1040x Find the month in your tax year in Table 2 or 3 at the end of this publication in the Appendix that you first placed the property in service as rental housing. Amended 1040x Use the percentages listed under that month for each year of the recovery period. Amended 1040x Table 2 shows percentages for low-income housing placed in service before May 9, 1985. Amended 1040x Table 3 shows percentages for low-income housing placed in service after May 8, 1985, and before 1987. Amended 1040x Example. Amended 1040x In May 1986, you acquired and placed in service a house that qualified as low-income rental housing under item 3) of the above listing. Amended 1040x You use the calendar year as your tax year. Amended 1040x You use Table C–3 because the property was placed in service after May 8, 1985. Amended 1040x Your unadjusted basis for the property, not including the land, was $59,000. Amended 1040x Your deduction for 1986 through 2001 is shown in the following table. Amended 1040x Year Rate Deduction 1986 8. Amended 1040x 9% $5,251 1987 12. Amended 1040x 1% 7,139 1988 10. Amended 1040x 5% 6,195 1989 9. Amended 1040x 1% 5,369 1990 7. Amended 1040x 9% 4,661 1991 6. Amended 1040x 9% 4,071 1992 5. Amended 1040x 9% 3,481 1993 5. Amended 1040x 2% 3,068 1994 4. Amended 1040x 6% 2,714 1995 4. Amended 1040x 6% 2,714 1996 4. Amended 1040x 6% 2,714 1997 4. Amended 1040x 6% 2,714 1998 4. Amended 1040x 6% 2,714 1999 4. Amended 1040x 5% 2,655 2000 4. Amended 1040x 5% 2,655 2001 1. Amended 1040x 5% 885 18-Year Real Property 18-year real property is real property that is recovery property placed in service after March 15, 1984, and before May 9, 1985. Amended 1040x It includes real property, such as buildings, other than that designated as 5-year, 10-year, 15-year real property, or low-income housing. Amended 1040x The ACRS percentages for 18-year real property depend on when you placed the property in service in your trade or business or for the production of income during your tax year. Amended 1040x There are also tables for 18-year real property in the Appendix. Amended 1040x Table 4 shows the percentages for 18-year real property you placed in service after June 22, 1984, and before May 9, 1985. Amended 1040x Table 5 is for 18-year real property placed in service after March 15, 1984, and before June 23, 1984. Amended 1040x Find the month in your tax year that you placed the property in service in a trade or business or for the production of income. Amended 1040x Use the percentages listed under that month for each year of the recovery period. Amended 1040x Example. Amended 1040x On April 28, 1985, you bought and placed in service a rental house. Amended 1040x The house, not including the land, cost $95,000. Amended 1040x This is your unadjusted basis for the house. Amended 1040x You use the calendar year as your tax year. Amended 1040x Because the house was placed in service after June 22, 1984, and before May 9, 1985, it is 18-year real property. Amended 1040x You use Table 4 to figure your deduction for the house. Amended 1040x April is the fourth month of your tax year. Amended 1040x Your deduction for 1985 through 2003 is shown in the following table. Amended 1040x Year Rate Deduction 1985 7. Amended 1040x 0% $6,650 1986 9. Amended 1040x 0% 8,550 1987 8. Amended 1040x 0% 7,600 1988 7. Amended 1040x 0% 6,650 1989 7. Amended 1040x 0% 6,650 1990 6. Amended 1040x 0% 5,700 1991 5. Amended 1040x 0% 4,750 1992 5. Amended 1040x 0% 4,750 1993 5. Amended 1040x 0% 4,750 1994 5. Amended 1040x 0% 4,750 1995 5. Amended 1040x 0% 4,750 1996 5. Amended 1040x 0% 4,750 1997 5. Amended 1040x 0% 4,750 1998 4. Amended 1040x 0% 3,800 1999 4. Amended 1040x 0% 3,800 2000 4. Amended 1040x 0% 3,800 2001 4. Amended 1040x 0% 3,800 2002 4. Amended 1040x 0% 3,800 2003 1. Amended 1040x 0% 950 19-Year Real Property 19-year real property is real property that is recovery property placed in service after May 8, 1985, and before 1987. Amended 1040x It includes all real property, other than that designated as 5-year, 10-year, 15-year, or 18-year real property, or low-income housing. Amended 1040x The ACRS percentages for 19-year real property depend on when you placed the property in service in a trade or business or for the production of income during your tax year. Amended 1040x Table 6 shows the percentages for 19-year real property. Amended 1040x You find the month in your tax year that you placed the property in service. Amended 1040x You use the percentages listed under that month for each year of the recovery period. Amended 1040x Recovery Periods Each item of recovery property is assigned to a class of property. Amended 1040x The classes of recovery property establish the recovery periods over which the unadjusted basis of items in a class is recovered. Amended 1040x The classes of property are: 3-Year property 5-Year property 10-Year property 15-Year real property Low-income housing 18-Year real property 19-Year real property Alternate ACRS Method (Modified Straight Line Method) ACRS provides an alternate ACRS method that could be elected. Amended 1040x This alternate ACRS method uses a recovery percentage based on a modified straight line method. Amended 1040x This alternate ACRS method generally uses percentages other than those from the tables. Amended 1040x If you elected the alternate ACRS method, you determine the recovery period by using the following schedule. Amended 1040x This schedule is for other than 18- and 19-year real property and low-income housing: In the case of: You could have elected a recovery period of: 3-year property 3, 5, or 12 years 5-year property 5, 12, or 25 years 15-year real property 15, 35, or 45 years Percentages. Amended 1040x   The straight-line percentages for the alternate ACRS method are: Recovery Period Percentage 5 years 20. Amended 1040x 00% 10 years 10. Amended 1040x 00% 12 years 8. Amended 1040x 333% 15 years 6. Amended 1040x 667% 25 years 4. Amended 1040x 00% 35 years 2. Amended 1040x 857%   You apply the percentage to the unadjusted basis(defined earlier) of the property to figure your ACRS deduction. Amended 1040x There are tables for 18- and 19-year real property later in this publication in the Appendix. Amended 1040x For 15-year real property, see 15-year real property, later. Amended 1040x 3-, 5-, and 10-year property. Amended 1040x   If you elected to use an alternate recovery percentage, you have to use the same recovery percentage for all property in that class that you placed in service in that tax year. Amended 1040x This applies throughout the recovery period you selected. Amended 1040x Half-year convention. Amended 1040x   If you elected the alternate method, only a half-year of depreciation was deducted for the year you placed the property in service. Amended 1040x This applied regardless of when in the tax year you placed the property in service. Amended 1040x For each of the remaining years in the recovery period, you take a full year's deduction. Amended 1040x If you hold the property for the entire recovery period, a half-year of depreciation is allowable for the year following the end of the recovery period. Amended 1040x Example. Amended 1040x You operate a small upholstery business. Amended 1040x On March 19, 1986, you bought and placed in service a $13,000 light-duty panel truck to be used in your business and a $500 electric saw. Amended 1040x You elected to use the alternate ACRS method. Amended 1040x You did not elect to take a section 179 deduction. Amended 1040x You decided to recover the cost of the truck, which is 3-year recovery property, over 5 years. Amended 1040x The saw is 5-year property, but you decided to recover its cost over 12 years. Amended 1040x For 1986, your ACRS deduction reflected the half-year convention. Amended 1040x In the first year, you deducted half of the amount determined for a full year. Amended 1040x Your ACRS deduction for 1986 is as follows: Light-duty truck   5 years straight line = 20% 20% ÷ $13,000 = $2,600 Half-year convention -½ of $2,600= $1,300. Amended 1040x 00     Electric saw   12 years straight line = 8. Amended 1040x 333% 8. Amended 1040x 333% ÷ $500 = $41. Amended 1040x 67 Half-year convention -½ of $41. Amended 1040x 67= 20. Amended 1040x 84 Total ACRS deduction for 1986 $1,320. Amended 1040x 84       You take a full year of depreciation for both the truck and the saw for the years 1987 through 1990. Amended 1040x Your ACRS deduction for each of those years is as follows: Light-duty truck   5 years straight line = 20% 20% ÷ $13,000 = $2,600     Electric saw     12 years straight line = 8. Amended 1040x 333% 8. Amended 1040x 333% ÷ $500 = $41. Amended 1040x 67 Total annual ACRS deduction for 1987 through 1990 $2,641. Amended 1040x 67       In 1991, you take a half-year of depreciation for the truck and a full year of depreciation for the saw. Amended 1040x Your ACRS deduction for 1991 is as follows: Light-duty truck   5 years straight line = 20% 20% ÷ $13,000 = $2,600 Half-year convention -½ of $2,600= $1,300. Amended 1040x 00     Electric saw   12 years straight line = 8. Amended 1040x 333% 8. Amended 1040x 333% ÷ $500 = $41. Amended 1040x 67 Total ACRS deduction for 1991 $1,341. Amended 1040x 67       The truck is fully depreciated after 1991. Amended 1040x You take a full year of depreciation for the saw for the years 1992 through 1997. Amended 1040x Your ACRS deduction for each of those years is as follows: Electric saw     12 years straight line = 8. Amended 1040x 333% 8. Amended 1040x 333% ÷ $500 = $41. Amended 1040x 67 Total annual ACRS deduction for 1992 through 1997 $41. Amended 1040x 67       You take a half-year of depreciation for the saw for 1998. Amended 1040x Your ACRS deduction for 1998 is as follows: Electric saw   12 years straight line = 8. Amended 1040x 333% 8. Amended 1040x 333% ÷ $500 = $41. Amended 1040x 67 Half-year convention -½ of $41. Amended 1040x 67= 20. Amended 1040x 84 Total ACRS deduction for 1998 $20. Amended 1040x 84       The saw is fully depreciated after 1998. Amended 1040x 15-year real property. Amended 1040x   Under ACRS, you could also elect to use the alternate ACRS method for 15-year real property. Amended 1040x The alternate ACRS method allows you to depreciate your 15-year real property using the straight line ACRS method over the alternate recovery periods of 15, 35, or 45 years. Amended 1040x If you selected a 15-year recovery period, you use the percentage (6. Amended 1040x 667%) from the schedule above. Amended 1040x You prorate this percentage for the number of months the property was in service in the first year. Amended 1040x If you selected a 35- or 45-year recovery period, you use either Table 11 or 15. Amended 1040x Alternate periods for 18-year real property. Amended 1040x   For 18-year real property, the alternate recovery periods are 18, 35, or 45 years. Amended 1040x The percentages for 18-year real property under the alternate method are in Tables 7, 8, 10, 11, 14, and 15 in the Appendix. Amended 1040x There are two tables for each alternate recovery period. Amended 1040x One table shows the percentage for property placed in service after June 22, 1984. Amended 1040x The other table has the percentages for property placed in service after March 15, 1984, and before June 23, 1984. Amended 1040x Alternate periods for 19-year real property. Amended 1040x   For 19-year real property, the alternate recovery periods are 19, 35, or 45 years. Amended 1040x If you selected a 19-year recovery period, use Table 9 to determine your deduction. Amended 1040x If you select a 35- or 45-year recovery period, use either Table 13 or 14. Amended 1040x Example. Amended 1040x You placed in service an apartment building on August 3, 1986. Amended 1040x The building is 19-year real property. Amended 1040x The sales contract allocated $300,000 to the building and $100,000 to the land. Amended 1040x You use the calendar year as your tax year. Amended 1040x You chose the alternate ACRS method over a recovery period of 35 years. Amended 1040x For 1986, you figure your ACRS deduction usingTable 13. Amended 1040x August is the eighth month of your tax year. Amended 1040x The percentage from Table 13 for the eighth month is 1. Amended 1040x 1%. Amended 1040x Your deduction was $3,300 ($300,000 ÷ 1. Amended 1040x 1%). Amended 1040x The deduction rate from ACRS Table 13 for years 2 through 20 is 2. Amended 1040x 9% so that your deduction in 1987 through 2005 is $8,700 ($300,000 ÷ 2. Amended 1040x 9%). Amended 1040x Alternate periods for low-income housing. Amended 1040x   For low-income housing, the alternate recovery periods are 15, 35, or 45 years. Amended 1040x If you selected a 15-year period for this property, use 6. Amended 1040x 667% as the percentage. Amended 1040x If you selected a 35- or 45-year period, use either Table 11, 12, or 15. Amended 1040x Election. Amended 1040x   You had to make the election to use the alternate ACRS method by the return due date (including extensions) for the tax year you placed the property in service. Amended 1040x Revocation of election. Amended 1040x   Your election to use an alternate ACRS method, once made, can be changed only with the consent of the Commissioner. Amended 1040x The Commissioner grants consent only in extraordinary circumstances. Amended 1040x Any request for a revocation will be considered a request for a ruling. Amended 1040x ACRS Deduction in Short Tax Year For a tax year that is less than 12 months, the ACRS deduction is prorated on a 12-month basis. Amended 1040x Figure the amount of the ACRS deduction for a short tax year as follows: First, you figure the ACRS deduction for a full year. Amended 1040x You figure this by multiplying the unadjusted basis by the recovery percentage. Amended 1040x You then multiply the ACRS deduction determined for a full tax year by a fraction. Amended 1040x The numerator (top number) of the fraction is the number of months in the short tax year and the denominator (bottom number) is 12. Amended 1040x For example, a corporation placed in service in June 1986 an item of 3-year property with an unadjusted basis of $10,000. Amended 1040x The corporation files a tax return, because of a change in its accounting period, for the 6-month short tax year ending June 30, 1986. Amended 1040x The full year's ACRS deduction for this item is $2,500 ($10,000 ÷ 25%), the first year percentage from the 3-year table. Amended 1040x The ACRS deduction for the short tax year is $1,250 ($2,500 ÷ 6/12). Amended 1040x You use the full ACRS percentages during the remaining years of the recovery period. Amended 1040x For the first tax year after the recovery period, the unrecovered basis will be deductible. Amended 1040x Exception. Amended 1040x   For the tax year in which you placed 15-, 18-, or 19-year real property in service or in the tax year you dispose of it, you compute the ACRS deduction for the number of months that the property is in service during that tax year. Amended 1040x You compute the number of months using either a full month or mid-month convention. Amended 1040x This is true regardless of the number of months in the tax year and the recovery period and method used. Amended 1040x Dispositions A disposition is the permanent withdrawal of property from use in your trade or business or in the production of income. Amended 1040x You can make a withdrawal by sale, exchange, retirement, abandonment, or destruction. Amended 1040x You generally recognize gain or loss on the disposition of an asset by sale. Amended 1040x However, nonrecognition rules can allow you to postpone some gain. Amended 1040x See Publication 544. Amended 1040x If you physically abandon property, you can deduct as a loss the adjusted basis of the asset at the time of its abandonment. Amended 1040x Your intent must be to discard the asset so that you will not use it again or retrieve it for sale, exchange, or other disposition. Amended 1040x Early dispositions. Amended 1040x   The disposal of an asset before the end of its specified recovery period, is referred to as an early disposition. Amended 1040x When an early disposition occurs, the depreciation deduction in the year of disposition depends on the class of property involved. Amended 1040x Early dispositions of ACRS property other than 15-, 18-, or 19-year real property. Amended 1040x   Generally, you get no ACRS deduction for the tax year in which you dispose of or retire recovery property, except for 15-, 18-, and 19-year real property. Amended 1040x This means there is no depreciation deduction under ACRS in the year you dispose of or retire any of your 3-, 5-, or 10-year recovery property. Amended 1040x Dispositions — mass asset accounts. Amended 1040x   The law provides a special rule to avoid the calculation of gain on the disposition of assets from mass asset accounts. Amended 1040x A mass asset account includes items usually minor in value in relation to the group, numerous in quantity, impractical to separately identify, and not usually accounted for on a separate basis, but on a total dollar value. Amended 1040x Examples of mass assets include minor items of office, plant, and store furniture and fixtures. Amended 1040x   Under the special rule, if you elected to use a mass asset account, you recognize gain to the extent of the proceeds from the disposition of the asset. Amended 1040x You leave the unadjusted basis of the property in the account until recovered in future years. Amended 1040x If you did this, include the total proceeds realized from the disposition in income on the tax return for the year of disposition. Amended 1040x Early dispositions — 15-year real property. Amended 1040x   If you dispose of 15-year real property, you base your ACRS deduction for the year of disposition on the number of months in use. Amended 1040x You use a full-month convention. Amended 1040x For a disposition at any time during a particular month before the end of the recovery period, no deduction is allowed for the month of disposition. Amended 1040x This applies whether you use the regular ACRS method or elected the alternate ACRS method. Amended 1040x Example. Amended 1040x You purchased and placed in service a rental house on March 2, 1984, for $98,000 (not including the cost of land). Amended 1040x You file your return based on a calendar year. Amended 1040x Your rate from Table 1 for the third month is 10%. Amended 1040x Your ACRS deduction for 1984 was $9,800 ($98. Amended 1040x 000 ÷ 10%). Amended 1040x For 1985 through 1988, you figured your ACRS deductions using 11%, 9%, 8%, and 7% ÷ $98,000. Amended 1040x For 1989 through 1992, you figured your ACRS deductions using 6% for each year. Amended 1040x The deduction each year was $98,000 ÷ 6%. Amended 1040x For 1993 and 1994, the ACRS deduction is ($98,000 ÷ 5%) $4,900 for each year. Amended 1040x You sell the house on June 1, 1995. Amended 1040x You figure your ACRS deduction for 1995 for the full year and then prorate that amount for the months of use. Amended 1040x The full ACRS deduction for 1995 is $4,900 ($98,000 ÷ 5%). Amended 1040x You then prorate this amount to the 5 months in 1995 during which it was rented. Amended 1040x Your ACRS deduction for 1995 is $2,042 ($4,900 ÷ 5/12). Amended 1040x Early dispositions — 18- and 19-year real property. Amended 1040x   If you dispose of 18- or 19-year real property, you base your ACRS deduction for the year of disposition on the number of months in use. Amended 1040x For 18-year property placed in service before June 23, 1984, use a full-month convention on a disposition. Amended 1040x For 18-year property placed in service after June 22, 1984, and for 19-year property, determine the number of months in use by using the mid-month convention. Amended 1040x Under the mid-month convention,treat real property disposed of any time during a month as disposed of in the middle of that month. Amended 1040x Count the month of disposition as half a month of use. Amended 1040x Example. Amended 1040x You purchased and placed in service a rental house on July 2, 1984, for $100,000 (not including the cost of land). Amended 1040x You file your return based on a calendar year. Amended 1040x Your rate from Table 4 for the seventh month is 4%. Amended 1040x You figured your ACRS deduction for 1984 was $4,000 ($100,000 ÷ 4%). Amended 1040x In 1985 through 1994, your ACRS deductions were 9%, 8%, 8%, 7%, 6%, 6%, 5%, 5%, and 5% ÷ $100,000. Amended 1040x You sell the house on September 24, 1995. Amended 1040x Figure your ACRS deduction for 1995 for the months of use. Amended 1040x The full ACRS deduction for 1995 is $5,000 ($100,000 ÷ 5%). Amended 1040x Prorate this amount for the 8. Amended 1040x 5 months in 1995 that you held the property. Amended 1040x Under the mid-month convention, you count September as half a month. Amended 1040x Your ACRS deduction for 1995 is $3,542 ($5,000 ÷ 8. Amended 1040x 5/12). Amended 1040x Depreciation Recapture If you dispose of property depreciated under ACRS that is section 1245 recovery property, you will generally recognize gain or loss. Amended 1040x Gain recognized on a disposition is ordinary income to the extent of prior depreciation deductions taken. Amended 1040x This recapture rule applies to all personal property in the 3-year, 5-year, and 10-year classes. Amended 1040x You recapture gain on manufactured homes and theme park structures in the 10-year class as section 1245 property. Amended 1040x Section 1245 property generally includes all personal property. Amended 1040x See Section 1245 property in chapter 4 of Publication 544 for more information. Amended 1040x You treat dispositions of section 1250 real property on which you have a gain as section 1245 recovery property. Amended 1040x You recognize gain on this property as ordinary income to the extent of prior depreciation deductions taken. Amended 1040x Section 1250 property includes most real property. Amended 1040x See Section 1250 property in chapter 4 of Publication 544 for more information. Amended 1040x This rule applies to all section 1250 real property except the following property: Any 15-, 18-, or 19-year real property that is residential rental property. Amended 1040x Any 15-, 18-, or 19-year real property that you elected to depreciate using the alternate ACRS method. Amended 1040x Any 15-, 18-, or 19-year real property that is subsidized low-income housing. Amended 1040x For these recapture rules, you treat the section 179 deduction and 50% of the investment credit that reduced your basis as depreciation. Amended 1040x See Publication 544 for further discussion of dispositions of section 1245 and 1250 property. Amended 1040x Prev  Up  Next   Home   More Online Publications
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National Indian Gaming Commission

The National Indian Gaming Commission is a regulatory body that oversees some aspects of gaming on Indian lands, often complementing the work of Indian regulators.

Contact the Agency or Department

Website: National Indian Gaming Commission

E-mail:

Address: 1441 L St NW
Suite 9100

Washington, DC 20005

Phone Number: (202) 632-7003

The Amended 1040x

Amended 1040x Index Symbols 10% owners, Ten-percent owners. Amended 1040x 501(c) organizations, Foreign Governments and Certain Other Foreign Organizations 80/20 company, Dividends paid by a domestic corporation (an existing 80/20 company). Amended 1040x A Acceptance agent, Unexpected payment. Amended 1040x Accounts, offshore, Offshore accounts. Amended 1040x Alien Illegal, Illegal aliens. Amended 1040x Nonresident, Nonresident alien. Amended 1040x Resident, Resident alien. Amended 1040x Alimony, Pensions, Annuities, and Alimony (Income Code 14), Alimony payments. Amended 1040x Allocation information, Failure to provide allocation information. Amended 1040x American Samoa, U. Amended 1040x S. Amended 1040x Virgin Islands and American Samoa corporations. Amended 1040x Amount to withhold, Determination of amount to withhold. Amended 1040x Annuities, Pensions, Annuities, and Alimony (Income Code 14), Pensions and annuities. Amended 1040x Artists and athletes Earnings of, Artists and Athletes (Income Codes 42 and 43) Special events and promotions, Artists and Athletes (Income Codes 42 and 43) Assistance (see Tax help) Awards, Other Grants, Prizes, and Awards B Backup withholding, Withholding and Reporting Obligations, Primary NRA and Form 1099 responsibility assumed. Amended 1040x Banks, interest received by, Banks. Amended 1040x Beneficial owner, Beneficial Owners Bonds sold between interest dates, Sales of bonds between interest dates. Amended 1040x Branch profits tax, Corporation subject to branch profits tax. Amended 1040x C Canada, Exception 3. Amended 1040x , Deposit interest paid to nonresident alien individuals in 2012. Amended 1040x , Deposit interest paid to certain nonresident alien individuals in 2013. Amended 1040x Capital gains, Capital gains (Income Code 9). Amended 1040x Central withholding agreements, Income Code 43. Amended 1040x Consent dividends, Consent dividends. Amended 1040x , Consent dividends. Amended 1040x Contingent interest, Contingent interest. Amended 1040x Controlled foreign corporations, interest paid to, Controlled foreign corporations. Amended 1040x Controlling foreign corporations, Interest paid to controlling foreign corporations (Income Code 3). Amended 1040x Covenant not to compete, Covenant not to compete. Amended 1040x Crew members, Crew members. Amended 1040x D Dependent personal services, Pay for dependent personal services (Income Code 17). Amended 1040x Allowance for personal exemptions, Withholding exemptions. Amended 1040x Defined, Pay for dependent personal services (Income Code 17). Amended 1040x Exempt from withholding, Graduated rates. Amended 1040x Depositing taxes How to, Depositing Withheld Taxes When to, When Deposits Are Required Deposits, Interest on deposits (Income Code 29). Amended 1040x Disregarded entities, Disregarded entities. Amended 1040x Dividends Direct dividend rate, Dividends qualifying for direct dividend rate (Income Code 7). Amended 1040x Domestic corporation, Dividends paid by a domestic corporation (an existing 80/20 company). Amended 1040x Foreign corporations, Dividends paid by foreign corporations (Income Code 8). Amended 1040x In general, Dividends Documentary evidence, Documentary evidence. Amended 1040x , Documentary Evidence, Documentary evidence. Amended 1040x Documentation From foreign beneficial owners and U. Amended 1040x S. Amended 1040x payees, Documentation From foreign intermediaries and foreign flow-through entities, Foreign Intermediaries and Foreign Flow-Through Entities Presumptions in the absence of, Presumption Rules Qualified intermediaries, Documentation. Amended 1040x E Effectively connected income, Effectively Connected Income Defined, Effectively Connected Income Foreign partners, Partnership Withholding on Effectively Connected Income EFTPS, Electronic deposit requirement. Amended 1040x Electronic deposit rules, Electronic deposit requirement. Amended 1040x Employees, Employees. Amended 1040x , Employee. Amended 1040x Employer, Employer. Amended 1040x F Federal unemployment tax, Federal unemployment tax (FUTA). Amended 1040x Fellowship grants, Scholarships and Fellowship Grants (Income Code 15) Fellowship income, Scholarships, fellowships, and grants. Amended 1040x Financial institutions, Branches of financial institutions. Amended 1040x FIRPTA withholding, U. Amended 1040x S. Amended 1040x real property interest. Amended 1040x , U. Amended 1040x S. Amended 1040x Real Property Interest Fiscally transparent entity, Fiscally transparent entity. Amended 1040x Fixed or determinable annual or periodic income, Fixed or Determinable Annual or Periodical Income (FDAP) Flow-through entities, Flow-Through Entities, Nonqualified Intermediaries Foreign, Foreign partner. Amended 1040x 501(c) organizations, Foreign Governments and Certain Other Foreign Organizations Bank, U. Amended 1040x S. Amended 1040x branches of foreign banks and foreign insurance companies. Amended 1040x , Income paid to U. Amended 1040x S. Amended 1040x branch of foreign bank or insurance company. Amended 1040x Charitable organizations, Other foreign organizations, associations, and charitable institutions. Amended 1040x Corporations, Foreign corporations. Amended 1040x Governments, Foreign Governments and Certain Other Foreign Organizations Insurance company, U. Amended 1040x S. Amended 1040x branches of foreign banks and foreign insurance companies. Amended 1040x , Income paid to U. Amended 1040x S. Amended 1040x branch of foreign bank or insurance company. Amended 1040x Intermediary, Foreign Intermediaries Organizations and associations, Other foreign organizations, associations, and charitable institutions. Amended 1040x Partner, Who Must Withhold Partnerships, nonwithholding, Foreign partnerships. Amended 1040x Person, Foreign Persons Private foundation, Foreign private foundations. Amended 1040x , Foreign Governments and Certain Other Foreign Organizations Status, Establishment of foreign status. Amended 1040x Trusts, Foreign simple and grantor trust. Amended 1040x Form 1042, Withholding and Reporting Obligations, Form 1042 filing. Amended 1040x , Responsibilities of WT. Amended 1040x , Form 1042. Amended 1040x 1042-S, Withholding and Reporting Obligations, Form 1042-S reporting. Amended 1040x , Form 1042-S reporting. Amended 1040x , Form 1042 filing. Amended 1040x , Form 1042-S. Amended 1040x 1099, Withholding and Reporting Obligations, Primary NRA and Form 1099 responsibility assumed. Amended 1040x 1099-S, Form 1099-S, Proceeds From Real Estate Transactions. Amended 1040x 4419, Electronic reporting. Amended 1040x 7004, Extension to file Form 1042. Amended 1040x 8233, Form 8233, Exemption From Withholding on Compensation for Independent (and Certain Dependent) Personal Services of a Nonresident Alien Individual. Amended 1040x 8288, Reporting and Paying the Tax, Form 8288, U. Amended 1040x S. Amended 1040x Withholding Tax Return for Dispositions by Foreign Persons of U. Amended 1040x S. Amended 1040x Real Property Interests. Amended 1040x 8288-A, Reporting and Paying the Tax, Form 8288-A, Statement of Withholding on Dispositions by Foreign Persons of U. Amended 1040x S. Amended 1040x Real Property Interests. Amended 1040x 8288-B, Categories (1), (2), and (3). Amended 1040x 8804, Form 8804, Annual Return for Partnership Withholding Tax (Section 1446). Amended 1040x 8805, Form 8805, Foreign Partner's Information Statement of Section 1446 Withholding Tax. Amended 1040x 8813, Form 8813, Partnership Withholding Tax Payment Voucher (Section 1446). Amended 1040x 8833, Claiming treaty benefits. Amended 1040x 940, Federal unemployment tax (FUTA). Amended 1040x 941, Reporting requirements for wages and withheld taxes paid to nonresident aliens. Amended 1040x 972, Consent dividends. Amended 1040x SS-4, U. Amended 1040x S. Amended 1040x Taxpayer Identification Numbers SS-5, U. Amended 1040x S. Amended 1040x Taxpayer Identification Numbers W-2, Reporting requirements for wages and withheld taxes paid to nonresident aliens. Amended 1040x , Form W-2. Amended 1040x W-4, Alternate withholding procedure. Amended 1040x , Form W-4, Employee's Withholding Allowance Certificate. Amended 1040x , Withholding exemptions. Amended 1040x , Special instructions for Form W-4. Amended 1040x W-7, U. Amended 1040x S. Amended 1040x Taxpayer Identification Numbers W-8BEN, Beneficial Owners W-8ECI, Documentary evidence. Amended 1040x W-8EXP, Form W-8ECI, Certificate of Foreign Person's Claim That Income Is Effectively Connected With the Conduct of a Trade or Business in the United States. Amended 1040x W-8IMY, Foreign Intermediaries and Foreign Flow-Through Entities W-9, U. Amended 1040x S. Amended 1040x Taxpayer Identification Numbers Free tax services, How To Get Tax Help FUTA, Federal unemployment tax (FUTA). Amended 1040x G Gambling winnings, Gambling winnings (Income Code 28). Amended 1040x Graduated rates, Graduated rates. Amended 1040x Graduated withholding, Wages Paid to Employees— Graduated Withholding Grant income, Scholarships, fellowships, and grants. Amended 1040x Grants, Scholarships and Fellowship Grants (Income Code 15), Other Grants, Prizes, and Awards Green card test, Resident alien. Amended 1040x Guam, Guam or Northern Mariana Islands corporations. Amended 1040x H Help (see Tax help) I Identification number, taxpayer, U. Amended 1040x S. Amended 1040x Taxpayer Identification Numbers, Identification numbers. Amended 1040x Illegal aliens, Illegal aliens. Amended 1040x Important reminders, Reminders Income Fixed or determinable annual or periodical, Fixed or Determinable Annual or Periodical Income (FDAP) Interest, Interest Notional principal contract, Notional principal contract income. Amended 1040x Other than effectively connected, Income Not Effectively Connected Personal service, Personal service income. Amended 1040x Source of, Source of Income Transportation, Transportation income. Amended 1040x Income code 01, Interest paid by U. Amended 1040x S. Amended 1040x obligors—general (Income Code 1). Amended 1040x 02, Interest on real property mortgages (Income Code 2). Amended 1040x 03, Interest paid to controlling foreign corporations (Income Code 3). Amended 1040x 04, Interest paid by foreign corporations (Income Code 4). Amended 1040x 06, Dividends paid by U. Amended 1040x S. Amended 1040x corporations — general (Income Code 6). Amended 1040x 07, Dividends qualifying for direct dividend rate (Income Code 7). Amended 1040x 08, Dividends paid by foreign corporations (Income Code 8). Amended 1040x 09, Capital gains (Income Code 9). Amended 1040x 10, Industrial royalties (Income Code 10). Amended 1040x 11, Motion picture or television copyright royalties (Income Code 11). Amended 1040x 12, Other royalties (for example, copyright, recording, publishing) (Income Code 12). Amended 1040x 13, Real Property Income and Natural Resources Royalties (Income Code 13) 14, Pensions, Annuities, and Alimony (Income Code 14) 15, Scholarships and Fellowship Grants (Income Code 15) 16, Pay for independent personal services (Income Code 16). Amended 1040x 17, Pay for dependent personal services (Income Code 17). Amended 1040x 18, Pay for teaching (Income Code 18). Amended 1040x 19, Pay during studying and training (Income Code 19). Amended 1040x 20, Artists and Athletes (Income Codes 42 and 43) 24, Reporting and Paying the Tax 25, Reporting and Paying the Tax 26, Reporting and Paying the Tax 27, Publicly Traded Partnerships 28, Gambling winnings (Income Code 28). Amended 1040x 29, Interest on deposits (Income Code 29). Amended 1040x 30, Original issue discount (Income Code 30). Amended 1040x 50, Other income (Income Code 50). Amended 1040x Independent personal services Defined, Pay for independent personal services (Income Code 16). Amended 1040x Exempt from withholding, Pay for independent personal services (Income Code 16). Amended 1040x , 30% rate. Amended 1040x India, Students and business apprentices from India. Amended 1040x Indirect account holders, Indirect Account Holders Installment payment, Installment payments. Amended 1040x , Installment payments. Amended 1040x Insurance proceeds, Insurance proceeds. Amended 1040x Interest Contingent, Contingent interest. Amended 1040x Controlling foreign corporations, Interest paid to controlling foreign corporations (Income Code 3). Amended 1040x Deposits, Interest on deposits (Income Code 29). Amended 1040x Foreign business arrangements, Interest from foreign business arrangements. Amended 1040x Foreign corporations, Interest paid by foreign corporations (Income Code 4). Amended 1040x Income, Interest Portfolio, Portfolio interest. Amended 1040x , Interest that does not qualify as portfolio interest. Amended 1040x Real property mortgages, Interest on real property mortgages (Income Code 2). Amended 1040x Intermediary Foreign, Foreign Intermediaries Nonqualified, Nonqualified intermediary. Amended 1040x Qualified, Qualified intermediary. Amended 1040x , Qualified Intermediaries International organizations, Foreign Governments and Certain Other Foreign Organizations ITIN, U. Amended 1040x S. Amended 1040x Taxpayer Identification Numbers K Knowledge, standards of, Standards of Knowledge L Liability of withholding agent, Liability for tax. Amended 1040x M Magnetic media reporting, Electronic reporting. Amended 1040x Marketable securities, Marketable securities. Amended 1040x Mexico, Exception 3. Amended 1040x Missing children, Reminders More information (see Tax help) Mortgages, Interest on real property mortgages (Income Code 2). Amended 1040x N Non-registered obligations, Obligations not in registered form. Amended 1040x Nonqualified intermediary, Nonqualified intermediary. Amended 1040x , Nonqualified Intermediaries Nonresident alien Defined, Nonresident alien. Amended 1040x Married to U. Amended 1040x S. Amended 1040x citizen or resident, Married to U. Amended 1040x S. Amended 1040x citizen or resident alien. Amended 1040x Nonwage pay, Pay that is not wages. Amended 1040x Northern Mariana Islands, Guam or Northern Mariana Islands corporations. Amended 1040x Notional principal contract income, Notional principal contract income. Amended 1040x NRA withholding In general, Withholding of Tax Income subject to, Income Subject to NRA Withholding Persons subject to, Persons Subject to NRA Withholding O Obligations Registered, Obligations in registered form. Amended 1040x Obligations: Not in registered form, Obligations not in registered form. Amended 1040x Offshore accounts, Offshore accounts. Amended 1040x Original issue discount, Original issue discount (Income Code 30). Amended 1040x Overwithholding, adjustment for, Adjustment for Overwithholding P Partner, Foreign partner. Amended 1040x Partner, foreign, Who Must Withhold Partnerships Effectively connected income of foreign partners, Partnership Withholding on Effectively Connected Income Foreign, Foreign partnerships. Amended 1040x Publicly traded, Publicly Traded Partnerships Smaller, Smaller partnerships and trusts. Amended 1040x , Smaller partnerships and trusts. Amended 1040x , Smaller partnerships and trusts. Amended 1040x Withholding foreign, Withholding foreign partnership and foreign trust. Amended 1040x , Withholding Foreign Partnerships Pay for personal services Artists and athletes, Artists and Athletes (Income Codes 42 and 43) Dependent personal services, Pay for dependent personal services (Income Code 17). Amended 1040x Employees, Wages Paid to Employees— Graduated Withholding Exempt from withholding, Pay for Personal Services Performed Independent personal services, Pay for independent personal services (Income Code 16). Amended 1040x Salaries and wages, Wages Paid to Employees— Graduated Withholding Scholarship or fellowship recipient, Pay for services rendered. Amended 1040x Studying, Pay during studying and training (Income Code 19). Amended 1040x Teaching, Pay for teaching (Income Code 18). Amended 1040x Training, Pay during studying and training (Income Code 19). Amended 1040x Payee, Identifying the Payee Penalties Deposit, Penalty for failure to make deposits on time. Amended 1040x Form 1042, Penalties Form 8804, Penalties. Amended 1040x Form 8805, Penalties. Amended 1040x Magnetic media, Failure to file electronically. Amended 1040x Trust fund recovery, Trust fund recovery penalty. Amended 1040x Pensions, Pension payments. Amended 1040x , Pensions, Annuities, and Alimony (Income Code 14), Pensions and annuities. Amended 1040x Per diem, Per diem paid by the U. Amended 1040x S. Amended 1040x Government. Amended 1040x Personal service income, Personal service income. Amended 1040x Pooled withholding information, Pooled withholding information. Amended 1040x Portfolio interest, Portfolio interest. Amended 1040x , Interest that does not qualify as portfolio interest. Amended 1040x Presumption Corporation, Presumption Rules Individual, Presumption Rules Partnership, Presumption Rules Rules, Presumption Rules Trust, Presumption Rules Private foundation, foreign, Foreign private foundations. Amended 1040x Prizes, Other Grants, Prizes, and Awards Publications (see Tax help) Puerto Rico, Resident of a U. Amended 1040x S. Amended 1040x possession. Amended 1040x , Exception 4. Amended 1040x Q QI withholding agreement, QI withholding agreement. Amended 1040x Qualified intermediary, Qualified intermediary. Amended 1040x , Qualified Intermediaries Qualified investment entity (QIE) Distributions paid by, Qualified investment entities. Amended 1040x Dividends paid by, Dividends paid by U. Amended 1040x S. Amended 1040x corporations — general (Income Code 6). Amended 1040x R Racing purses, Racing purses. Amended 1040x Real property interest Disposition of, U. Amended 1040x S. Amended 1040x Real Property Interest Withholding certificates, Withholding Certificates Reason to know, Reason To Know Refund procedures Qualified intermediaries, Collective refund procedures. Amended 1040x Registered obligations, Obligations in registered form. Amended 1040x Researchers, Tax treaties. Amended 1040x Resident alien defined, Resident alien. Amended 1040x Returns required, Returns Required Royalties, Royalties, Real Property Income and Natural Resources Royalties (Income Code 13) Ryukyu Islands, Income from U. Amended 1040x S. Amended 1040x Savings Bonds of residents of the Ryukyu Islands or the Trust Territory of the Pacific Islands. Amended 1040x S Salaries, Wages Paid to Employees— Graduated Withholding Saving clause, Nonresident alien who becomes a resident alien. Amended 1040x Scholarship, Scholarships, fellowships, and grants. Amended 1040x , Scholarships and Fellowship Grants (Income Code 15) Securities, Marketable securities. Amended 1040x , Income from securities. Amended 1040x Services performed outside the U. Amended 1040x S. Amended 1040x , Services performed outside the United States. Amended 1040x Short-term obligation, Short-term obligations. Amended 1040x Social security, Social security and Medicare tax. Amended 1040x Source of income, Source of Income Standards of knowledge, Standards of Knowledge Substantial presence test, Resident alien. Amended 1040x T Tax Reporting and paying, Reporting and Paying the Tax Tax help, How To Get Tax Help Tax treaties Claiming benefits, Claiming treaty benefits. Amended 1040x Dependent personal services, Tax treaties. Amended 1040x Entertainers and athletes, Tax treaties. Amended 1040x Gains, Tax treaties. Amended 1040x Gambling winnings, Tax treaties. Amended 1040x Independent personal services, Tax treaties. Amended 1040x Student, Tax treaties. Amended 1040x Students and trainees, Tax treaties. Amended 1040x Tables, Tax Treaty Tables Teaching, Tax treaties. Amended 1040x Tax-exempt entities, Foreign Governments and Certain Other Foreign Organizations Taxpayer Advocate, Taxpayer Advocate Service. Amended 1040x Taxpayer identification number (TIN), U. Amended 1040x S. Amended 1040x Taxpayer Identification Numbers, Identification numbers. Amended 1040x Exceptions, Exceptions to TIN requirement. Amended 1040x Teachers, Pay for teaching (Income Code 18). Amended 1040x Ten-percent owners, Ten-percent owners. Amended 1040x Territorial limits, Territorial limits. Amended 1040x Totalization agreements, Social security and Medicare tax. Amended 1040x Transportation income, Transportation income. Amended 1040x Travel expenses, Travel expenses. Amended 1040x Trust Territory of the Pacific Islands, Income from U. Amended 1040x S. Amended 1040x Savings Bonds of residents of the Ryukyu Islands or the Trust Territory of the Pacific Islands. Amended 1040x Trusts Foreign, Foreign simple and grantor trust. Amended 1040x Smaller, Smaller partnerships and trusts. Amended 1040x Withholding foreign, Withholding foreign partnership and foreign trust. Amended 1040x , Withholding Foreign Trusts TTY/TDD information, How To Get Tax Help U U. Amended 1040x S. Amended 1040x agent of foreign person, U. Amended 1040x S. Amended 1040x agent of foreign person. Amended 1040x U. Amended 1040x S. Amended 1040x branch Foreign bank, U. Amended 1040x S. Amended 1040x branches of foreign banks and foreign insurance companies. Amended 1040x , Income paid to U. Amended 1040x S. Amended 1040x branch of foreign bank or insurance company. Amended 1040x Foreign insurance company, U. Amended 1040x S. Amended 1040x branches of foreign banks and foreign insurance companies. Amended 1040x , Income paid to U. Amended 1040x S. Amended 1040x branch of foreign bank or insurance company. Amended 1040x Foreign person, U. Amended 1040x S. Amended 1040x branches of foreign persons. Amended 1040x U. Amended 1040x S. Amended 1040x national, 30% rate. Amended 1040x U. Amended 1040x S. Amended 1040x real property interest, U. Amended 1040x S. Amended 1040x real property interest. Amended 1040x U. Amended 1040x S. Amended 1040x savings bonds, Income from U. Amended 1040x S. Amended 1040x Savings Bonds of residents of the Ryukyu Islands or the Trust Territory of the Pacific Islands. Amended 1040x U. Amended 1040x S. Amended 1040x territorial limits, Territorial limits. Amended 1040x U. Amended 1040x S. Amended 1040x Virgin Islands, U. Amended 1040x S. Amended 1040x Virgin Islands and American Samoa corporations. Amended 1040x Unexpected payment, Unexpected payment. Amended 1040x W Wages Paid to employees, Wages Paid to Employees— Graduated Withholding Pay that is not, Pay that is not wages. Amended 1040x When to withhold, When to withhold. Amended 1040x Withhold, amount to, Determination of amount to withhold. Amended 1040x Withhold, when to, When to withhold. Amended 1040x Withholding Agreements, QI withholding agreement. Amended 1040x , WP and WT withholding agreements. Amended 1040x , Withholding agreements. Amended 1040x , Income Code 43. Amended 1040x Alternative procedure, Alternative procedure. Amended 1040x Certificate, Withholding Certificates, Withholding certificate. Amended 1040x Rate pool, Pooled withholding information. Amended 1040x Real property, U. Amended 1040x S. Amended 1040x Real Property Interest Withholding agent Defined, Withholding Agent Liability, Liability for tax. Amended 1040x Returns required, Returns Required Tax deposit requirements, Depositing Withheld Taxes Withholding exemptions and reductions Dependent personal services, Graduated rates. Amended 1040x Exemption, Withholding exemption. Amended 1040x Final payment exemption, Final payment exemption. Amended 1040x Foreign governments, Foreign Governments and Certain Other Foreign Organizations International organizations, Foreign Governments and Certain Other Foreign Organizations Real property interest, Withholding Certificates Researchers, Tax treaties. Amended 1040x Scholarships and fellowship grants, Alternate withholding procedure. Amended 1040x Students, Tax treaties. Amended 1040x Withholding agreements, Withholding agreements. Amended 1040x , Income Code 43. Amended 1040x Prev  Up     Home   More Online Publications