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Ez40 1. Ez40   Rental Income and Expenses (If No Personal Use of Dwelling) Table of Contents Rental IncomeWhen To Report Types of Income Rental ExpensesWhen To Deduct Types of Expenses This chapter discusses the various types of rental income and expenses for a residential rental activity with no personal use of the dwelling. Ez40 Generally, each year you will report all income and deduct all out-of-pocket expenses in full. Ez40 The deduction to recover the cost of your rental property—depreciation—is taken over a prescribed number of years, and is discussed in chapter 2, Depreciation of Rental Property. Ez40 If your rental income is from property you also use personally or rent to someone at less than a fair rental price, first read the information in chapter 5 , Personal Use of Dwelling Unit (Including Vacation Home). Ez40 Rental Income In most cases, you must include in your gross income all amounts you receive as rent. Ez40 Rental income is any payment you receive for the use or occupation of property. Ez40 In addition to amounts you receive as normal rental payments, there are other amounts that may be rental income. Ez40 When To Report When you report rental income on your tax return generally depends on whether you are a cash basis taxpayer or use an accrual method. Ez40 Most individual taxpayers use the cash method. Ez40 Cash method. Ez40   You are a cash basis taxpayer if you report income on your return in the year you actually or constructively receive it, regardless of when it was earned. Ez40 You constructively receive income when it is made available to you, for example, by being credited to your bank account. Ez40 Accrual method. Ez40    If you are an accrual basis taxpayer, you generally report income when you earn it, rather than when you receive it. Ez40 You generally deduct your expenses when you incur them, rather than when you pay them. Ez40 More information. Ez40   See Publication 538, Accounting Periods and Methods, for more information about when you constructively receive income and accrual methods of accounting. Ez40 Types of Income The following are common types of rental income. Ez40 Advance rent. Ez40   Advance rent is any amount you receive before the period that it covers. Ez40 Include advance rent in your rental income in the year you receive it regardless of the period covered or the method of accounting you use. Ez40 Example. Ez40 On March 18, 2013, you signed a 10-year lease to rent your property. Ez40 During 2013, you received $9,600 for the first year's rent and $9,600 as rent for the last year of the lease. Ez40 You must include $19,200 in your rental income in the first year. Ez40 Canceling a lease. Ez40   If your tenant pays you to cancel a lease, the amount you receive is rent. Ez40 Include the payment in your income in the year you receive it regardless of your method of accounting. Ez40 Expenses paid by tenant. Ez40   If your tenant pays any of your expenses, those payments are rental income. Ez40 Because you must include this amount in income, you can also deduct the expenses if they are deductible rental expenses. Ez40 For more information, see Rental Expenses , later. Ez40 Example 1. Ez40 Your tenant pays the water and sewage bill for your rental property and deducts the amount from the normal rent payment. Ez40 Under the terms of the lease, your tenant does not have to pay this bill. Ez40 Include the utility bill paid by the tenant and any amount received as a rent payment in your rental income. Ez40 You can deduct the utility payment made by your tenant as a rental expense. Ez40 Example 2. Ez40 While you are out of town, the furnace in your rental property stops working. Ez40 Your tenant pays for the necessary repairs and deducts the repair bill from the rent payment. Ez40 Include the repair bill paid by the tenant and any amount received as a rent payment in your rental income. Ez40 You can deduct the repair payment made by your tenant as a rental expense. Ez40 Property or services. Ez40   If you receive property or services as rent, instead of money, include the fair market value of the property or services in your rental income. Ez40   If the services are provided at an agreed upon or specified price, that price is the fair market value unless there is evidence to the contrary. Ez40 Example. Ez40 Your tenant is a house painter. Ez40 He offers to paint your rental property instead of paying 2 months rent. Ez40 You accept his offer. Ez40 Include in your rental income the amount the tenant would have paid for 2 months rent. Ez40 You can deduct that same amount as a rental expense for painting your property. Ez40 Security deposits. Ez40   Do not include a security deposit in your income when you receive it if you plan to return it to your tenant at the end of the lease. Ez40 But if you keep part or all of the security deposit during any year because your tenant does not live up to the terms of the lease, include the amount you keep in your income in that year. Ez40    If an amount called a security deposit is to be used as a final payment of rent, it is advance rent. Ez40 Include it in your income when you receive it. Ez40 Other Sources of Rental Income Lease with option to buy. Ez40   If the rental agreement gives your tenant the right to buy your rental property, the payments you receive under the agreement are generally rental income. Ez40 If your tenant exercises the right to buy the property, the payments you receive for the period after the date of sale are considered part of the selling price. Ez40 Part interest. Ez40   If you own a part interest in rental property, you must report your part of the rental income from the property. Ez40 Rental of property also used as your home. Ez40   If you rent property that you also use as your home and you rent it less than 15 days during the tax year, do not include the rent you receive in your income and do not deduct rental expenses. Ez40 However, you can deduct on Schedule A (Form 1040), Itemized Deductions, the interest, taxes, and casualty and theft losses that are allowed for nonrental property. Ez40 See chapter 5, Personal Use of Dwelling Unit (Including Vacation Home). Ez40 Rental Expenses In most cases, the expenses of renting your property, such as maintenance, insurance, taxes, and interest, can be deducted from your rental income. Ez40 Personal use of rental property. Ez40   If you sometimes use your rental property for personal purposes, you must divide your expenses between rental and personal use. Ez40 Also, your rental expense deductions may be limited. Ez40 See chapter 5, Personal Use of Dwelling Unit (Including Vacation Home). Ez40 Part interest. Ez40   If you own a part interest in rental property, you can deduct expenses you paid according to your percentage of ownership. Ez40 Example. Ez40 Roger owns a one-half undivided interest in a rental house. Ez40 Last year he paid $968 for necessary repairs on the property. Ez40 Roger can deduct $484 (50% × $968) as a rental expense. Ez40 He is entitled to reimbursement for the remaining half from the co-owner. Ez40 When To Deduct You generally deduct your rental expenses in the year you pay them. Ez40 If you use the accrual method, see Publication 538 for more information. Ez40 Types of Expenses Listed below are the most common rental expenses. Ez40 Advertising. Ez40 Auto and travel expenses. Ez40 Cleaning and maintenance. Ez40 Commissions. Ez40 Depreciation. Ez40 Insurance. Ez40 Interest (other). Ez40 Legal and other professional fees. Ez40 Local transportation expenses. Ez40 Management fees. Ez40 Mortgage interest paid to banks, etc. Ez40 Points. Ez40 Rental payments. Ez40 Repairs. Ez40 Taxes. Ez40 Utilities. Ez40 Some of these expenses, as well as other less common ones, are discussed below. Ez40 Depreciation. Ez40   Depreciation is a capital expense. Ez40 It is the mechanism for recovering your cost in an income producing property and must be taken over the expected life of the property. Ez40   You can begin to depreciate rental property when it is ready and available for rent. Ez40 See Placed in Service under When Does Depreciation Begin and End in chapter 2. Ez40 Insurance premiums paid in advance. Ez40   If you pay an insurance premium for more than one year in advance, for each year of coverage you can deduct the part of the premium payment that will apply to that year. Ez40 You cannot deduct the total premium in the year you pay it. Ez40 See chapter 6 of Publication 535 for information on deductible premiums. Ez40 Interest expense. Ez40   You can deduct mortgage interest you pay on your rental property. Ez40 When you refinance a rental property for more than the previous outstanding balance, the portion of the interest allocable to loan proceeds not related to rental use generally cannot be deducted as a rental expense. Ez40 Chapter 4 of Publication 535 explains mortgage interest in detail. Ez40 Expenses paid to obtain a mortgage. Ez40   Certain expenses you pay to obtain a mortgage on your rental property cannot be deducted as interest. Ez40 These expenses, which include mortgage commissions, abstract fees, and recording fees, are capital expenses that are part of your basis in the property. Ez40 Form 1098, Mortgage Interest Statement. Ez40   If you paid $600 or more of mortgage interest on your rental property to any one person, you should receive a Form 1098 or similar statement showing the interest you paid for the year. Ez40 If you and at least one other person (other than your spouse if you file a joint return) were liable for, and paid interest on, the mortgage, and the other person received the Form 1098, report your share of the interest on Schedule E (Form 1040), line 13. Ez40 Attach a statement to your return showing the name and address of the other person. Ez40 On the dotted line next to line 13, enter “See attached. Ez40 ” Legal and other professional fees. Ez40   You can deduct, as a rental expense, legal and other professional expenses such as tax return preparation fees you paid to prepare Schedule E, Part I. Ez40 For example, on your 2013 Schedule E you can deduct fees paid in 2013 to prepare Part I of your 2012 Schedule E. Ez40 You can also deduct, as a rental expense, any expense (other than federal taxes and penalties) you paid to resolve a tax underpayment related to your rental activities. Ez40 Local benefit taxes. Ez40   In most cases, you cannot deduct charges for local benefits that increase the value of your property, such as charges for putting in streets, sidewalks, or water and sewer systems. Ez40 These charges are nondepreciable capital expenditures and must be added to the basis of your property. Ez40 However, you can deduct local benefit taxes that are for maintaining, repairing, or paying interest charges for the benefits. Ez40 Local transportation expenses. Ez40   You may be able to deduct your ordinary and necessary local transportation expenses if you incur them to collect rental income or to manage, conserve, or maintain your rental property. Ez40 However, transportation expenses incurred to travel between your home and a rental property generally constitute nondeductible commuting costs unless you use your home as your principal place of business. Ez40 See Publication 587, Business Use of Your Home, for information on determining if your home office qualifies as a principal place of business. Ez40   Generally, if you use your personal car, pickup truck, or light van for rental activities, you can deduct the expenses using one of two methods: actual expenses or the standard mileage rate. Ez40 For 2013, the standard mileage rate for business use is 56. Ez40 5 cents per mile. Ez40 For more information, see chapter 4 of Publication 463. Ez40    To deduct car expenses under either method, you must keep records that follow the rules in chapter 5 of Publication 463. Ez40 In addition, you must complete Form 4562, Part V, and attach it to your tax return. Ez40 Pre-rental expenses. Ez40   You can deduct your ordinary and necessary expenses for managing, conserving, or maintaining rental property from the time you make it available for rent. Ez40 Rental of equipment. Ez40   You can deduct the rent you pay for equipment that you use for rental purposes. Ez40 However, in some cases, lease contracts are actually purchase contracts. Ez40 If so, you cannot deduct these payments. Ez40 You can recover the cost of purchased equipment through depreciation. Ez40 Rental of property. Ez40   You can deduct the rent you pay for property that you use for rental purposes. Ez40 If you buy a leasehold for rental purposes, you can deduct an equal part of the cost each year over the term of the lease. Ez40 Travel expenses. Ez40   You can deduct the ordinary and necessary expenses of traveling away from home if the primary purpose of the trip is to collect rental income or to manage, conserve, or maintain your rental property. Ez40 You must properly allocate your expenses between rental and nonrental activities. Ez40 You cannot deduct the cost of traveling away from home if the primary purpose of the trip is to improve the property. Ez40 The cost of improvements is recovered by taking depreciation. Ez40 For information on travel expenses, see chapter 1 of Publication 463. Ez40    To deduct travel expenses, you must keep records that follow the rules in chapter 5 of Publication 463. Ez40 Uncollected rent. Ez40   If you are a cash basis taxpayer, do not deduct uncollected rent. Ez40 Because you have not included it in your income, it is not deductible. Ez40   If you use an accrual method, report income when you earn it. Ez40 If you are unable to collect the rent, you may be able to deduct it as a business bad debt. Ez40 See chapter 10 of Publication 535 for more information about business bad debts. Ez40 Vacant rental property. Ez40   If you hold property for rental purposes, you may be able to deduct your ordinary and necessary expenses (including depreciation) for managing, conserving, or maintaining the property while the property is vacant. Ez40 However, you cannot deduct any loss of rental income for the period the property is vacant. Ez40 Vacant while listed for sale. Ez40   If you sell property you held for rental purposes, you can deduct the ordinary and necessary expenses for managing, conserving, or maintaining the property until it is sold. Ez40 If the property is not held out and available for rent while listed for sale, the expenses are not deductible rental expenses. Ez40 Points The term “points” is often used to describe some of the charges paid, or treated as paid, by a borrower to take out a loan or a mortgage. Ez40 These charges are also called loan origination fees, maximum loan charges, or premium charges. Ez40 Any of these charges (points) that are solely for the use of money are interest. Ez40 Because points are prepaid interest, you generally cannot deduct the full amount in the year paid, but must deduct the interest over the term of the loan. Ez40 The method used to figure the amount of points you can deduct each year follows the original issue discount (OID) rules. Ez40 In this case, points are equivalent to OID, which is the difference between: The amount borrowed (redemption price at maturity, or principal) and The proceeds (issue price). Ez40 The first step is to determine whether your total OID (which you may have on bonds or other investments in addition to the mortgage loan), including the OID resulting from the points, is insignificant or de minimis. Ez40 If the OID is not de minimis, you must use the constant-yield method to figure how much you can deduct. Ez40 De minimis OID. Ez40   The OID is de minimis if it is less than one-fourth of 1% (. Ez40 0025) of the stated redemption price at maturity (principal amount of the loan) multiplied by the number of full years from the date of original issue to maturity (term of the loan). Ez40   If the OID is de minimis, you can choose one of the following ways to figure the amount of points you can deduct each year. Ez40 On a constant-yield basis over the term of the loan. Ez40 On a straight line basis over the term of the loan. Ez40 In proportion to stated interest payments. Ez40 In its entirety at maturity of the loan. Ez40 You make this choice by deducting the OID (points) in a manner consistent with the method chosen on your timely filed tax return for the tax year in which the loan is issued. Ez40 Example. Ez40 Carol Madison took out a $100,000 mortgage loan on January 1, 2013, to buy a house she will use as a rental during 2013. Ez40 The loan is to be repaid over 30 years. Ez40 During 2013, Carol paid $10,000 of mortgage interest (stated interest) to the lender. Ez40 When the loan was made, she paid $1,500 in points to the lender. Ez40 The points reduced the principal amount of the loan from $100,000 to $98,500, resulting in $1,500 of OID. Ez40 Carol determines that the points (OID) she paid are de minimis based on the following computation. Ez40 Redemption price at maturity (principal amount of the loan) $100,000 Multiplied by: The term of the  loan in complete years ×30 Multiplied by ×. Ez40 0025 De minimis amount $7,500 The points (OID) she paid ($1,500) are less than the de minimis amount ($7,500). Ez40 Therefore, Carol has de minimis OID and she can choose one of the four ways discussed earlier to figure the amount she can deduct each year. Ez40 Under the straight line method, she can deduct $50 each year for 30 years. Ez40 Constant-yield method. Ez40   If the OID is not de minimis, you must use the constant-yield method to figure how much you can deduct each year. Ez40   You figure your deduction for the first year in the following manner. Ez40 Determine the issue price of the loan. Ez40 If you paid points on the loan, the issue price generally is the difference between the principal and the points. Ez40 Multiply the result in (1) by the yield to maturity (defined later). Ez40 Subtract any qualified stated interest payments (defined later) from the result in (2). Ez40 This is the OID you can deduct in the first year. Ez40 Yield to maturity (YTM). Ez40   This rate is generally shown in the literature you receive from your lender. Ez40 If you do not have this information, consult your lender or tax advisor. Ez40 In general, the YTM is the discount rate that, when used in computing the present value of all principal and interest payments, produces an amount equal to the principal amount of the loan. Ez40 Qualified stated interest (QSI). Ez40   In general, this is the stated interest that is unconditionally payable in cash or property (other than another loan of the issuer) at least annually over the term of the loan at a fixed rate. Ez40 Example—Year 1. Ez40 The facts are the same as in the previous example. Ez40 The yield to maturity on Carol's loan is 10. Ez40 2467%, compounded annually. Ez40 She figured the amount of points (OID) she could deduct in 2013 as follows. Ez40 Principal amount of the loan $100,000 Minus: Points (OID) –1,500 Issue price of the loan $98,500 Multiplied by: YTM × . Ez40 102467 Total 10,093 Minus: QSI –10,000 Points (OID) deductible in 2013 $93 To figure your deduction in any subsequent year, you start with the adjusted issue price. Ez40 To get the adjusted issue price, add to the issue price figured in Year 1 any OID previously deducted. Ez40 Then follow steps (2) and (3), earlier. Ez40 Example—Year 2. Ez40 Carol figured the deduction for 2014 as follows. Ez40 Issue price $98,500 Plus: Points (OID) deducted  in 2013 +93 Adjusted issue price $98,593 Multiplied by: YTM × . Ez40 102467 Total 10,103 Minus: QSI –10,000 Points (OID) deductible in 2014 $103 Loan or mortgage ends. Ez40    If your loan or mortgage ends, you may be able to deduct any remaining points (OID) in the tax year in which the loan or mortgage ends. Ez40 A loan or mortgage may end due to a refinancing, prepayment, foreclosure, or similar event. Ez40 However, if the refinancing is with the same lender, the remaining points (OID) generally are not deductible in the year in which the refinancing occurs, but may be deductible over the term of the new mortgage or loan. Ez40 Points when loan refinance is more than the previous outstanding balance. Ez40   When you refinance a rental property for more than the previous outstanding balance, the portion of the points allocable to loan proceeds not related to rental use generally cannot be deducted as a rental expense. Ez40 For example, if an individual refinanced a loan with a balance of $100,000, the amount of the new loan was $120,000, and the taxpayer used $20,000 to purchase a car, points allocable to the $20,000 would be treated as nondeductible personal interest. Ez40 Repairs and Improvements Generally, an expense for repairing or maintaining your rental property may be deducted if you are not required to capitalize the expense. Ez40 Improvements. Ez40   You must capitalize any expense you pay to improve your rental property. Ez40 An expense is for an improvement if it results in a betterment to your property, restores your property, or adapts your property to a new or different use. Ez40 Betterments. Ez40   Expenses that may result in a betterment to your property include expenses for fixing a pre-existing defect or condition, enlarging or expanding your property, or increasing the capacity, strength, or quality of your property. Ez40 Restoration. Ez40   Expenses that may be for restoration include expenses for replacing a substantial structural part of your property, repairing damage to your property after you properly adjusted the basis of your property as a result of a casualty loss, or rebuilding your property to a like-new condition. Ez40 Adaptation. Ez40   Expenses that may be for adaptation include expenses for altering your property to a use that is not consistent with the intended ordinary use of your property when you began renting the property. Ez40 Separate the costs of repairs and improvements, and keep accurate records. Ez40 You will need to know the cost of improvements when you sell or depreciate your property. Ez40 The expenses you capitalize for improving your property can generally be depreciated as if the improvement were separate property. Ez40 Table 1-1. Ez40 Examples of Improvements Additions Bedroom Bathroom Deck Garage Porch Patio  Lawn & Grounds Landscaping Driveway Walkway Fence Retaining wall Sprinkler system Swimming pool Miscellaneous Storm windows, doors New roof Central vacuum Wiring upgrades Satellite dish Security system   Heating & Air Conditioning Heating system Central air conditioning Furnace Duct work Central humidifier Filtration system Plumbing Septic system Water heater Soft water system Filtration system  Interior Improvements Built-in appliances Kitchen modernization Flooring Wall-to-wall carpeting  Insulation Attic Walls, floor Pipes, duct work Prev  Up  Next   Home   More Online Publications
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The Ez40

Ez40 Publication 509 - Main Content Table of Contents General Tax CalendarFirst Quarter Second Quarter Third Quarter Fourth Quarter Fiscal-Year Taxpayers Employer's Tax CalendarFirst Quarter Second Quarter Third Quarter Fourth Quarter Excise Tax CalendarFirst Quarter Second Quarter Third Quarter Fourth Quarter How To Get Tax Help General Tax Calendar This tax calendar has the due dates for 2014 that most taxpayers will need. Ez40 Employers and persons who pay excise taxes also should use the Employer's Tax Calendar and the Excise Tax Calendar . Ez40 Fiscal-year taxpayers. Ez40   If you file your income tax return for a fiscal year rather than the calendar year, you must change some of the dates in this calendar. Ez40 These changes are described under Fiscal-Year Taxpayers at the end of this calendar. Ez40 First Quarter The first quarter of a calendar year is made up of January, February, and March. Ez40 Second Quarter The second quarter of a calendar year is made up of April, May, and June. Ez40 Third Quarter The third quarter of a calendar year is made up of July, August, and September. Ez40 Fourth Quarter The fourth quarter of a calendar year is made up of October, November, and December. Ez40 Fiscal-Year Taxpayers If you use a fiscal year (rather than the calendar year) as your tax year, you should change some of the dates in this calendar. Ez40 Use the following general guidelines to make these changes. Ez40 The 3 months that make up each quarter of a fiscal year may be different from those of each calendar quarter, depending on when the fiscal year begins. Ez40 Also see Saturday, Sunday, or legal holiday, earlier. Ez40 Individuals Form 1040. Ez40    This form is due on the 15th day of the 4th month after the end of your tax year. Ez40 Form 4868 is used to request an extension of time to file Form 1040. Ez40 Estimated tax payments (Form 1040-ES). Ez40   Payments are due on the 15th day of the 4th, 6th, and 9th months of your tax year and on the 15th day of the 1st month after your tax year ends. Ez40 Partnerships Form 1065. Ez40   This form is due on the 15th day of the 4th month after the end of the partnership's tax year. Ez40 Provide each partner with a copy of Schedule K-1 (Form 1065) or a substitute Schedule K-1. Ez40 Form 1065-B (electing large partnerships). Ez40   This form is due on the 15th day of the 4th month after the end of the partnership's tax year. Ez40 Provide each partner with a copy of Schedule K-1 (Form 1065-B) or a substitute Schedule K-1 by the first March 15 following the close of the partnership's tax year. Ez40 Corporations and S Corporations Form 1120 and Form 1120S (or Form 7004). Ez40   These forms are due on the 15th day of the 3rd month after the end of the corporation's tax year. Ez40 S corporations must provide each shareholder with a copy of Schedule K-1 (Form 1120S) or a substitute Schedule K-1. Ez40 Form 7004 is used to request an extension of time to file Form 1120 or Form 1120S. Ez40 Estimated tax payments. Ez40   Payments are due on the 15th day of the 4th, 6th, 9th, and 12th months of the corporation's tax year. Ez40 Form 2553. Ez40   This form is used to choose S corporation treatment. Ez40 It is due no more than two months and 15 days after the beginning of the tax year the election is to take effect or at any time during the preceding tax year. Ez40 Employer's Tax Calendar This tax calendar covers various due dates of interest to employers. Ez40 Principally, it covers the following federal taxes. Ez40 Income tax you withhold from your employees' wages or from nonpayroll amounts you pay out. Ez40 Social security and Medicare taxes (FICA taxes) you withhold from your employees' wages and the social security and Medicare taxes you must pay as an employer. Ez40 Federal unemployment (FUTA) tax you must pay as an employer. Ez40 The calendar lists due dates for filing returns and for making deposits of these three taxes throughout the year. Ez40 Use this calendar with Publication 15 (Circular E), which gives the deposit rules. Ez40 Forms you may need. Ez40   The following is a list and description of the primary employment tax forms you may need. Ez40 Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return. Ez40 This form is due the last day of the first calendar month after the calendar year ends. Ez40 Use it to report the FUTA tax on wages you paid. Ez40 Form 941, Employer's QUARTERLY Federal Tax Return. Ez40 This form is due the last day of the first calendar month after the calendar quarter ends. Ez40 Use it to report social security and Medicare taxes and withheld income taxes on wages if your employees are not farm workers or household employees. Ez40 Form 943, Employer's Annual Federal Tax Return for Agricultural Employees. Ez40 This form is due the last day of the first calendar month after the calendar year ends. Ez40 Use it to report social security and Medicare taxes and withheld income taxes on wages if your employees are farm workers. Ez40 Form 944, Employer's ANNUAL Federal Tax Return. Ez40 This form is due the last day of the first calendar month after the calendar year ends. Ez40 Certain small employers use it instead of Form 941 to report social security and Medicare taxes and withheld income tax. Ez40 Form 945, Annual Return of Withheld Federal Income Tax. Ez40 This form is due the last day of the first calendar month after the calendar year ends. Ez40 Use it to report income tax withheld on all nonpayroll items. Ez40 Nonpayroll items include the following. Ez40 Backup withholding. Ez40 Withholding on pensions, annuities, IRAs, and gambling winnings. Ez40 Payments of Indian gaming profits to tribal members. Ez40 Fiscal-year taxpayers. Ez40   The dates in this calendar apply whether you use a fiscal year or the calendar year as your tax year. Ez40 The only exception is the date for filing Forms 5500, Annual Return/Report of Employee Benefit Plan, and 5500-EZ, Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan. Ez40 These employee benefit plan forms are due by the last day of the seventh month after the plan year ends. Ez40 See July 31 , later. Ez40 Extended due dates. Ez40   If you timely deposit in full the tax you are required to report on Form 940, 941, 943, 944, or 945, you have an additional 10 calendar days to file that form. Ez40 If you are subject to the semiweekly deposit rule, use Table 2 near the end of this publication for your deposit due dates. Ez40 However, if you accumulate $100,000 or more of taxes on any day during a deposit period, you must deposit the tax by the next business day instead of the date shown in Table 2. Ez40 First Quarter The first quarter of a calendar year is made up of January, February, and March. Ez40 Second Quarter The second quarter of a calendar year is made up of April, May, and June. Ez40 Third Quarter The third quarter of a calendar year is made up of July, August, and September. Ez40 Fourth Quarter The fourth quarter of a calendar year is made up of October, November, and December. Ez40 Excise Tax Calendar This tax calendar gives the due dates for filing returns and making deposits of excise taxes. Ez40 Use this calendar with Publication 510. Ez40 Also see the instructions for Forms 11-C, 720, 730, and 2290 for more information. Ez40 References to Form 2290 also apply to Form 2290(SP). Ez40 Forms you may need. Ez40   The following is a list and description of the excise tax forms you may need. Ez40 Form 11-C, Occupational Tax and Registration Return for Wagering. Ez40 Use this form to register any wagering activity and to pay an occupational tax on wagering. Ez40 File Form 11-C if you are in the business of accepting wagers, including conducting a wagering pool or lottery, or are an agent of someone who accepts wagers. Ez40 You must file the form before you begin accepting wagers. Ez40 After that, file the form by July 1 of each year. Ez40 Also, see Form 730, later. Ez40 Form 720, Quarterly Federal Excise Tax Return. Ez40 File this form by the last day of the month following the calendar quarter. Ez40 Use this form to report a wide variety of excise taxes, including: Communications and air transportation taxes, Fuel taxes, Retail tax, Ship passenger tax, and Manufacturers taxes. Ez40 Form 730, Monthly Tax Return for Wagers. Ez40 Use this form to pay an excise tax on wagers you accept. Ez40 File this form for each month by the last day of the following month. Ez40 Also, see Form 11-C, earlier. Ez40 Form 2290, Heavy Highway Vehicle Use Tax Return. Ez40 Use this form to pay the federal use tax on heavy highway vehicles registered in your name. Ez40 File this form by the last day of the month following the month of the vehicle's first taxable use in the tax period. Ez40 The tax period begins on July 1 and ends the following June 30. Ez40 You must pay the full year's tax on all vehicles you have in use during the month of July. Ez40 You must also pay a partial-year tax on taxable vehicles that you put into use in a month after July. Ez40 For more information, see the Instructions for Form 2290. Ez40 Fiscal-year taxpayers. Ez40   The dates in this calendar apply whether you use a fiscal year or the calendar year as your tax year. Ez40 Adjustments for Saturday, Sunday, or legal holidays. Ez40   Generally, if a due date falls on a Saturday, Sunday, or legal holiday, the due date is delayed until the next day that is not a Saturday, Sunday, or legal holiday. Ez40 For excise taxes, there are two exceptions to this rule. Ez40 For deposits of regular method taxes, if the due date is a Saturday, Sunday, or legal holiday, the due date is the immediately preceding day that is not a Saturday, Sunday, or legal holiday. Ez40 Under the special September deposit rules, if the due date falls on a Saturday, the deposit is due on the preceding Friday. Ez40 If the due date falls on a Sunday, the deposit is due on the following Monday. Ez40 For more information, see the Instructions for Form 720. Ez40 The Excise Tax Calendar has been adjusted for all of these provisions. Ez40 Regular method taxes. Ez40   These are taxes, other than alternative method taxes used for communication and air transportation taxes, reported on Form 720 for which deposits are required. Ez40 First Quarter The first quarter of a calendar year is made up of January, February, and March. Ez40 Second Quarter The second quarter of a calendar year is made up of April, May, and June. Ez40 Third Quarter The third quarter of a calendar year is made up of July, August, and September. Ez40 Fourth Quarter The fourth quarter of a calendar year is made up of October, November, and December. Ez40 How To Get Tax Help Go online, use a smart phone, call or walk in to an office near you. Ez40 Whether it's help with a tax issue, preparing your tax return or picking up a free publication or form, get the help you need the way you want it. Ez40 Free help with your tax return. Ez40   Free help in preparing your return is available nationwide from IRS-certified volunteers. Ez40 The Volunteer Income Tax Assistance (VITA) program is designed to help low-to-moderate income, elderly, persons with disabilities, and limited English proficient taxpayers. Ez40 The Tax Counseling for the Elderly (TCE) program is designed to assist taxpayers age 60 and older with their tax returns. Ez40 Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. Ez40 Some VITA and TCE sites provide taxpayers the opportunity to prepare their return with the assistance of an IRS-certified volunteer. Ez40 To find the nearest VITA or TCE site, visit IRS. Ez40 gov or call 1-800-906-9887. Ez40   As part of the TCE program, AARP offers the Tax-Aide counseling program. Ez40 To find the nearest AARP Tax-Aide site, visit AARP's website at www. Ez40 aarp. Ez40 org/money/taxaide or call 1-888-227-7669. Ez40   For more information on these programs, go to IRS. Ez40 gov and enter “VITA” in the search box. Ez40 Internet. Ez40 IRS. Ez40 gov and IRS2Go are ready when you are — every day, every night, 24 hours a day, 7 days a week. Ez40 Apply for an Employer Identification Number (EIN). Ez40 Go to IRS. Ez40 gov and enter Apply for an EIN in the search box. Ez40 Request an Electronic Filing PIN by going to IRS. Ez40 gov and entering Electronic Filing PIN in the search box. Ez40 Check the status of your 2013 refund with Where's My Refund? Go to IRS. Ez40 gov or the IRS2Go app, and click on Where's My Refund? You'll get a personalized refund date as soon as the IRS processes your tax return and approves your refund. Ez40 If you e-file, your refund status is usually available within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. Ez40 Checking the status of your amended return. Ez40 Go to IRS. Ez40 gov and enter Where's My Amended Return in the search box. Ez40 Download forms, instructions, and publications, including some accessible versions. Ez40 Order free transcripts of your tax returns or tax account using the Order a Transcript tool on IRS. Ez40 gov or IRS2Go. Ez40 Tax return and tax account transcripts are generally available for the current year and past three years. Ez40 Figure your income tax withholding with the IRS Withholding Calculator on IRS. Ez40 gov. Ez40 Use it if you've had too much or too little withheld, your personal situation has changed, you're starting a new job or you just want to see if you're having the right amount withheld. Ez40 Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. Ez40 gov. Ez40 Locate the nearest Taxpayer Assistance Center using the Office Locator tool on IRS. Ez40 gov or IRS2Go. Ez40 Stop by most business days for face-to-face tax help, no appointment necessary — just walk in. Ez40 An employee can explain IRS letters, request adjustments to your tax account or help you set up a payment plan. Ez40 Before you visit, check the Office Locator for the address, phone number, hours of operation and the services provided. Ez40 If you have an ongoing tax account problem or a special need, such as a disability, you can request an appointment. Ez40 Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. Ez40 Locate the nearest volunteer help site with the VITA Locator Tool on IRS. Ez40 gov. Ez40 Low-to-moderate income, elderly, persons with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. Ez40 The Tax Counseling for the Elderly (TCE) program helps taxpayers 60 and older with their tax returns. Ez40 Most VITA and TCE sites offer free electronic filing and some provide IRS-certified volunteers who can help prepare your tax return. Ez40 AARP offers the Tax-Aide counseling program as part of the TCE program. Ez40 Visit AARP's website to find the nearest Tax-Aide location. Ez40 Research your tax questions. Ez40 Search publications and instructions by topic or keyword. Ez40 Read the Internal Revenue Code, regulations, or other official guidance. Ez40 Read Internal Revenue Bulletins. Ez40 Sign up to receive local and national tax news by email. Ez40 Phone. Ez40 You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. Ez40 Download the free IRS2Go mobile app from the iTunes app store or from Google Play. Ez40 Use it to watch the IRS YouTube channel, get IRS news as soon as it's released to the public, order transcripts of your tax returns or tax account, check your refund status, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. Ez40 Call to locate the nearest volunteer help site, 1-800-906-9887. Ez40 Low-to-moderate income, elderly, persons with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. Ez40 The Tax Counseling for the Elderly (TCE) program helps taxpayers 60 and older with their tax returns. Ez40 Most VITA and TCE sites offer free electronic filing. Ez40 Some VITA and TCE sites provide IRS-certified volunteers who can help prepare your tax return. Ez40 Through the TCE program, AARP offers the Tax-Aide counseling program; call 1-888-227-7669 to find the nearest Tax-Aide location. Ez40 Call to check the status of your 2013 refund, 1-800-829-1954 or 1-800-829-4477. Ez40 The automated Where's My Refund? information is available 24 hours a day, 7 days a week. Ez40 If you e-file, your refund status is usually available within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. Ez40 Before you call, have your 2013 tax return handy so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. Ez40 Where's My Refund? can give you a personalized refund date as soon as the IRS processes your tax return and approves your refund. Ez40 Where's My Refund? includes information for the most recent return filed in the current year and does not include information about amended returns. Ez40 Call the Amended Return Hotline, 1-866-464-2050, to check the status of your amended return. Ez40 Call to order forms, instructions and publications, 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions and publications, and prior-year forms and instructions (limited to 5 years). Ez40 You should receive your order within 10 business days. Ez40 Call to order transcripts of your tax returns or tax account, 1-800-908-9946. Ez40 Follow the prompts to provide your Social Security Number or Individual Taxpayer Identification Number, date of birth, street address and ZIP code. Ez40 Call for TeleTax topics, 1-800-829-4477, to listen to pre-recorded messages covering various tax topics. Ez40 Call to ask tax questions, 1-800-829-1040. Ez40 Call using TTY/TDD equipment, 1-800-829-4059 to ask tax questions or order forms and publications. Ez40 The TTY/TDD telephone number is for people who are deaf, hard of hearing, or have a speech disability. Ez40 These individuals can also contact the IRS through relay services such as the Federal Relay Service available at www. Ez40 gsa. Ez40 gov/fedrelay. Ez40 Walk-in. Ez40 You can find a selection of forms, publications and services — in-person, face-to-face. Ez40 Products. Ez40 You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. Ez40 Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. Ez40 Services. Ez40 You can walk in to your local TAC most business days for personal, face-to-face tax help. Ez40 An employee can explain IRS letters, request adjustments to your tax account, or help you set up a payment plan. Ez40 If you need to resolve a tax problem, have questions about how the tax law applies to your individual tax return, or you are more comfortable talking with someone in person, visit your local TAC where you can talk with an IRS representative face-to-face. Ez40 No appointment is necessary—just walk in. Ez40 Before visiting, check www. Ez40 irs. Ez40 gov/localcontacts for hours of operation and services provided. Ez40 Mail. Ez40 You can send your order for forms, instructions, and publications to the address below. Ez40 You should receive a response within 10 business days after your request is received. Ez40  Internal Revenue Service 1201 N. Ez40 Mitsubishi Motorway Bloomington, IL 61705-6613 The Taxpayer Advocate Service Is Here to Help You. Ez40   The Taxpayer Advocate Service (TAS) is your voice at the IRS. Ez40 Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. Ez40 What can TAS do for you?   We can offer you free help with IRS problems that you can't resolve on your own. Ez40 We know this process can be confusing, but the worst thing you can do is nothing at all! TAS can help if you can't resolve your tax problem and: Your problem is causing financial difficulties for you, your family, or your business. Ez40 You face (or your business is facing) an immediate threat of adverse action. Ez40 You've tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised. Ez40   If you qualify for our help, you'll be assigned to one advocate who'll be with you at every turn and will do everything possible to resolve your problem. Ez40 Here's why we can help: TAS is an independent organization within the IRS. Ez40 Our advocates know how to work with the IRS. Ez40 Our services are free and tailored to meet your needs. Ez40 We have offices in every state, the District of Columbia, and Puerto Rico. Ez40 How can you reach us?   If you think TAS can help you, call your local advocate, whose number is in your local directory and at www. Ez40 irs. Ez40 gov/advocate, or call us toll-free at 1-877-777-4778. Ez40 How else does TAS help taxpayers?   TAS also works to resolve large-scale, systemic problems that affect many taxpayers. Ez40 If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System at www. Ez40 irs. Ez40 gov/sams. Ez40 Low Income Taxpayer Clinics. Ez40   Low Income Taxpayer Clinics (LITCs) serve individuals whose income is below a certain level and need to resolve tax problems such as audits, appeals, and tax collection disputes. Ez40 Some clinics can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. Ez40 Visit www. Ez40 TaxpayerAdvocate. Ez40 irs. Ez40 gov or see IRS Publication 4134, Low Income Taxpayer Clinic List. Ez40 gnewbus01 Prev  Up  Next   Home   More Online Publications