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Federal Tax 2012 Form 1040

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Federal Tax 2012 Form 1040

Federal tax 2012 form 1040 Publication 510 - Introductory Material Table of Contents What's New Reminders Introduction Useful Items - You may want to see: Excise Taxes Not Covered What's New Medical device excise tax. Federal tax 2012 form 1040  The Affordable Care Act (the “Act”) (Public Law 111-148, amended by Public Law 111-152) imposes a 2. Federal tax 2012 form 1040 3% (. Federal tax 2012 form 1040 023) excise tax on the sale of certain medical devices by the manufacturer, producer, or importer of the device. Federal tax 2012 form 1040 The tax applies to sales of taxable medical devices after December 31, 2012. Federal tax 2012 form 1040 See Taxable Medical Devices in chapter 5, later. Federal tax 2012 form 1040 Tax on seasonal flu vaccines. Federal tax 2012 form 1040  Sales of all vaccines against seasonal influenza are now subject to the section 4131 excise tax at the existing rate of $. Federal tax 2012 form 1040 75 per dose of taxable vaccine. Federal tax 2012 form 1040 Previously, only trivalent influenza vaccines were subject to this tax. Federal tax 2012 form 1040 See Vaccines in chapter 5, later. Federal tax 2012 form 1040 Patient-centered outcomes research fee. Federal tax 2012 form 1040  The Act imposes a fee on issuers of specified health insurance policies (section 4375) and plan sponsors of applicable self-insured health plans (section 4576) to help fund the Patient-Centered Outcomes Research Institute. Federal tax 2012 form 1040 The fee, required to be reported annually on the 2nd quarter Form 720 and paid by its due date, July 31st, is based on the average number of lives covered under the policy or plan. Federal tax 2012 form 1040 The fee applies to policy or plan years ending on or after October 1, 2012. Federal tax 2012 form 1040 See chapter 11, later. Federal tax 2012 form 1040 Extension of fuel tax credits. Federal tax 2012 form 1040  The following section 6426 credits, previously expired on December 31, 2011, are retroactively extended. Federal tax 2012 form 1040 Biodiesel or renewable diesel mixture credit. Federal tax 2012 form 1040 Alternative fuel credit. Federal tax 2012 form 1040 Alternative fuel mixture credit. Federal tax 2012 form 1040 See Notice 2013–26 (fuel tax credits) on page 984 of I. Federal tax 2012 form 1040 R. Federal tax 2012 form 1040 B. Federal tax 2012 form 1040 2013–18 at www. Federal tax 2012 form 1040 irs. Federal tax 2012 form 1040 gov/pub/irs-irbs/irb13-18. Federal tax 2012 form 1040 pdf; also see chapter 2, later. Federal tax 2012 form 1040 Alternative fuel mixture credit can be claimed on Schedule C (Form 720) only. Federal tax 2012 form 1040  For alternative fuel mixtures produced after December 31, 2011, the section 6426 alternative fuel mixture credit can be claimed on Schedule C (Form 720) only, not on Form 4136, Credit for Federal Tax Paid on Fuels, or Schedule 3 (Form 8849), Claim for Refund of Excise Taxes, and only to the extent of your section 4081 taxable fuel liability for gasoline, diesel, and kerosene. Federal tax 2012 form 1040 See Biodiesel or Renewable Diesel Mixture Credit, Alternative Fuel Credit, and Alternative Fuel Mixture Credit in chapter 2, later. Federal tax 2012 form 1040 Expiration of alcohol fuel mixture credit. Federal tax 2012 form 1040  The section 6426 alcohol fuel mixture credit expired after December 31, 2011. Federal tax 2012 form 1040 Expiration of alcohol fuels credits. Federal tax 2012 form 1040  The section 40 alcohol, alcohol mixture, and small ethanol producer credits expired after December 31, 2011. Federal tax 2012 form 1040 Second generation biofuel producer credit and excise tax. Federal tax 2012 form 1040  The section 40 cellulosic biofuel producer credit was retroactively extended to include fuel sold or used through January 2, 2013. Federal tax 2012 form 1040 After January 2, 2013, cellulosic biofuel is renamed second generation biofuel, which adds algae-based fuel. Federal tax 2012 form 1040 The second generation biofuel producer credit is for fuel sold or used after January 2, 2013, and before January 1, 2014. Federal tax 2012 form 1040 You are liable for an excise tax on each gallon of cellulosic or second generation biofuel at the rate you used to figure the credit if you do not use the fuel for the purposes described under Qualified Cellulosic Biofuel Production or Qualified Second Generation Biofuel Production, later. Federal tax 2012 form 1040 Report the tax on Form 720. Federal tax 2012 form 1040 See Cellulosic or Second Generation Biofuel Not Used as Fuel, later; also see Form 6478, Biofuel Producer Credit, for more information. Federal tax 2012 form 1040 Extension of section 40A biodiesel fuels credit. Federal tax 2012 form 1040  The biodiesel fuels credit, previously expired on December 31, 2011, is retroactively extended. Federal tax 2012 form 1040 Future developments. Federal tax 2012 form 1040  The IRS has created a page on IRS. Federal tax 2012 form 1040 gov that includes information about Publication 510 at www. Federal tax 2012 form 1040 irs. Federal tax 2012 form 1040 gov/pub510. Federal tax 2012 form 1040 Information about any future developments will be posted on that page. Federal tax 2012 form 1040 Reminders Publication 510 updates. Federal tax 2012 form 1040  Publication 510 is not updated annually. Federal tax 2012 form 1040 Instead, it will be updated only when there are major changes in the tax law. Federal tax 2012 form 1040 Use of international air travel facilities. Federal tax 2012 form 1040  Generally, the tax on the use of international air travel facilities increases annually. Federal tax 2012 form 1040 See the Instructions for Form 720 for the tax rate. Federal tax 2012 form 1040 For more information, see Air Transportation Taxes in chapter 4. Federal tax 2012 form 1040 Aviation fuels for use in foreign trade. Federal tax 2012 form 1040  Aviation gasoline and kerosene for use in aviation are exempt from the leaking underground storage tank (LUST) tax. Federal tax 2012 form 1040 Arrow shafts, tax rate. Federal tax 2012 form 1040  Generally, the tax on arrow shafts increases annually. Federal tax 2012 form 1040 See Form 720 for the tax rate. Federal tax 2012 form 1040 Disregarded entities and qualified subchapter S subsidiaries. Federal tax 2012 form 1040  Qualified subchapter S subsidiaries (QSubs) and eligible single-owner disregarded entities are treated as separate entities for excise tax and reporting purposes. Federal tax 2012 form 1040 QSubs and eligible single-owner disregarded entities must pay and report excise taxes (other than IRS Nos. Federal tax 2012 form 1040 31, 51, and 117), register for most excise tax activities, and claim any refunds, credits, and payments under the entity's employer identification number (EIN). Federal tax 2012 form 1040 These actions cannot take place under the owner's taxpayer identification number (TIN). Federal tax 2012 form 1040 Some QSubs and disregarded entities may already have an EIN. Federal tax 2012 form 1040 However, if you are unsure, please call the IRS Business and Specialty Tax line at 1-800-829-4933. Federal tax 2012 form 1040 Generally, QSubs and eligible single-owner disregarded entities will continue to be treated as disregarded entities for other federal tax purposes (other than employment taxes). Federal tax 2012 form 1040 For more information on these regulations, see Treasury Decision (T. Federal tax 2012 form 1040 D. Federal tax 2012 form 1040 ) 9356, T. Federal tax 2012 form 1040 D. Federal tax 2012 form 1040 9462, and T. Federal tax 2012 form 1040 D. Federal tax 2012 form 1040 9596. Federal tax 2012 form 1040 You can find T. Federal tax 2012 form 1040 D. Federal tax 2012 form 1040 9356 on page 675 of Internal Revenue Bulletin (I. Federal tax 2012 form 1040 R. Federal tax 2012 form 1040 B. Federal tax 2012 form 1040 ) 2007-39 at  www. Federal tax 2012 form 1040 irs. Federal tax 2012 form 1040 gov/pub/irs-irbs/irb07-39. Federal tax 2012 form 1040 pdf;  T. Federal tax 2012 form 1040 D. Federal tax 2012 form 1040 9462 on page 504 of I. Federal tax 2012 form 1040 R. Federal tax 2012 form 1040 B. Federal tax 2012 form 1040 2009-42 at  www. Federal tax 2012 form 1040 irs. Federal tax 2012 form 1040 gov/pub/irs-irbs/irb09-42. Federal tax 2012 form 1040 pdf;  and T. Federal tax 2012 form 1040 D. Federal tax 2012 form 1040 9596 on page 84 of I. Federal tax 2012 form 1040 R. Federal tax 2012 form 1040 B. Federal tax 2012 form 1040 2012-30 at  www. Federal tax 2012 form 1040 irs. Federal tax 2012 form 1040 gov/pub/irs-irbs/irb12-30. Federal tax 2012 form 1040 pdf. Federal tax 2012 form 1040 Registration for certain activities. Federal tax 2012 form 1040  You are required to be registered for certain excise tax activities, such as blending of gasoline, diesel fuel, or kerosene outside the bulk transfer/terminal system. Federal tax 2012 form 1040 See the instructions for Form 637 for the list of activities for which you must register. Federal tax 2012 form 1040 Also see Registration Requirements under Fuel Taxes in chapter 1 for information on registration for activities related to fuel. Federal tax 2012 form 1040 Each business unit that has, or is required to have, a separate employer identification number must be registered. Federal tax 2012 form 1040 To apply for registration, complete Form 637 and provide the information requested in its instructions. Federal tax 2012 form 1040 If your application is approved, you will receive a Letter of Registration showing the activities for which you are registered, the effective date of the registration, and your registration number. Federal tax 2012 form 1040 A copy of Form 637 is not a Letter of Registration. Federal tax 2012 form 1040 Photographs of missing children. Federal tax 2012 form 1040  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Federal tax 2012 form 1040 Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Federal tax 2012 form 1040 You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Federal tax 2012 form 1040 Introduction This publication covers the excise taxes for which you may be liable and which are reported on Form 720 and other forms. Federal tax 2012 form 1040 It also covers fuel tax credits and refunds. Federal tax 2012 form 1040 For information on fuel credits against income tax (the section 40 credits for the production of cellulosic biofuel and second generation biofuel, and the section 40A credit for biodiesel and renewable diesel used as fuel) see the instructions for Form 6478 and Form 8864, Biodiesel and Renewable Diesel Fuels Credit. Federal tax 2012 form 1040 Comments and suggestions. Federal tax 2012 form 1040   We welcome your comments about this publication and your suggestions for future editions. Federal tax 2012 form 1040   You can write to us at the following address: Internal Revenue Service Individual and Specialty Forms and Publications Branch SE:W:CAR:MP:T:I 1111 Constitution Ave. Federal tax 2012 form 1040 NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Federal tax 2012 form 1040 Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Federal tax 2012 form 1040   You can email us at taxforms@irs. Federal tax 2012 form 1040 gov. Federal tax 2012 form 1040 Please put “Publications Comment” on the subject line. Federal tax 2012 form 1040 You can also send us comments from www. Federal tax 2012 form 1040 irs. Federal tax 2012 form 1040 gov/Forms-&-Pubs/More-Information/ and select “Comment on Tax Forms and Publications”. Federal tax 2012 form 1040   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. Federal tax 2012 form 1040 Useful Items - You may want to see: Publication 509 Tax Calendars Form (and Instructions) 11-C Occupational Tax and Registration Return for Wagering 637 Application for Registration (For Certain Excise Tax Activities) 720 Quarterly Federal Excise Tax Return 720X Amended Quarterly Federal Excise Tax Return 730 Monthly Tax Return for Wagers 1363 Export Exemption Certificate 2290 Heavy Highway Vehicle Use Tax Return 2290(SP) Declaración del Impuesto sobre el Uso de Vehículos Pesados en las Carreteras 4136 Credit for Federal Tax Paid on Fuels 6197 Gas Guzzler Tax 6478 Biofuel Producer Credit 6627 Environmental Taxes 8849 Claim for Refund of Excise Taxes, and Schedules 1–3, 5, 6, and 8 8864 Biodiesel and Renewable Diesel Fuels Credit Information Returns    Form 720-TO, Terminal Operator Report Form 720-CS, Carrier Summary Report   See How To Get Tax Help in chapter 17 for information about ordering forms and publications. Federal tax 2012 form 1040 Guidance    You can find Notice 2005-4 (fuel tax guidance) on page 289 of I. Federal tax 2012 form 1040 R. Federal tax 2012 form 1040 B. Federal tax 2012 form 1040 2005-2 at www. Federal tax 2012 form 1040 irs. Federal tax 2012 form 1040 gov/pub/irs-irbs/irb05-02. Federal tax 2012 form 1040 pdf. Federal tax 2012 form 1040 Notice 2005-62 (biodiesel and aviation-grade kerosene) on page 443 of I. Federal tax 2012 form 1040 R. Federal tax 2012 form 1040 B. Federal tax 2012 form 1040 2005-35 at www. Federal tax 2012 form 1040 irs. Federal tax 2012 form 1040 gov/pub/irs-irbs/irb05-35. Federal tax 2012 form 1040 pdf. Federal tax 2012 form 1040 Notice 2005-80 (LUST, kerosene, claims by credit card issuers, and mechanical dye injection) on page 953 of I. Federal tax 2012 form 1040 R. Federal tax 2012 form 1040 B. Federal tax 2012 form 1040 2005-46 at www. Federal tax 2012 form 1040 irs. Federal tax 2012 form 1040 gov/pub/irs-irbs/irb05-46. Federal tax 2012 form 1040 pdf. Federal tax 2012 form 1040 Notice 2006-92 (alternative fuels and alternative fuel mixtures) on page 774 of I. Federal tax 2012 form 1040 R. Federal tax 2012 form 1040 B. Federal tax 2012 form 1040 2006-43 at www. Federal tax 2012 form 1040 irs. Federal tax 2012 form 1040 gov/pub/irs-irbs/irb06-43. Federal tax 2012 form 1040 pdf. Federal tax 2012 form 1040 Notice 2008-110 (biodiesel and cellulosic biofuel) on page 1298 of I. Federal tax 2012 form 1040 R. Federal tax 2012 form 1040 B. Federal tax 2012 form 1040 2008-51 at www. Federal tax 2012 form 1040 irs. Federal tax 2012 form 1040 gov/pub/irs-irbs/irb08-51. Federal tax 2012 form 1040 pdf. Federal tax 2012 form 1040 Notice 2010-68 (Alaska dyed diesel exemption) on page 576 of I. Federal tax 2012 form 1040 R. Federal tax 2012 form 1040 B. Federal tax 2012 form 1040 2010-44 at www. Federal tax 2012 form 1040 irs. Federal tax 2012 form 1040 gov/pub/irs-irbs/irb10-44. Federal tax 2012 form 1040 pdf. Federal tax 2012 form 1040 Notice 2012-27 (fractional aircraft ownership programs fuel surtax) on page 849 of I. Federal tax 2012 form 1040 R. Federal tax 2012 form 1040 B. Federal tax 2012 form 1040 2012-17 at www. Federal tax 2012 form 1040 irs. Federal tax 2012 form 1040 gov/pub/irs-irbs/irb12-17. Federal tax 2012 form 1040 pdf. Federal tax 2012 form 1040 Notice 2013-26 (fuel tax credits) on page 984 of I. Federal tax 2012 form 1040 R. Federal tax 2012 form 1040 B. Federal tax 2012 form 1040 2013-18 at www. Federal tax 2012 form 1040 irs. Federal tax 2012 form 1040 gov/pub/irs-irbs/irb13-18. Federal tax 2012 form 1040 pdf. Federal tax 2012 form 1040 T. Federal tax 2012 form 1040 D. Federal tax 2012 form 1040 9604 and Notice 2012–77 (medical device tax) on pages 730 and 781, respectively, of I. Federal tax 2012 form 1040 R. Federal tax 2012 form 1040 B. Federal tax 2012 form 1040 2012-52 at www. Federal tax 2012 form 1040 irs. Federal tax 2012 form 1040 gov/pub/irs-irbs/irb12-52. Federal tax 2012 form 1040 pdf. Federal tax 2012 form 1040 T. Federal tax 2012 form 1040 D. Federal tax 2012 form 1040 9602 (patient-centered outcomes research fee) on page 746 of I. Federal tax 2012 form 1040 R. Federal tax 2012 form 1040 B. Federal tax 2012 form 1040 2012-52 at www. Federal tax 2012 form 1040 irs. Federal tax 2012 form 1040 gov/pub/irs-irbs/irb12-52. Federal tax 2012 form 1040 pdf. Federal tax 2012 form 1040 Revenue Procedure 2012-41 (inflation adjustments) on page 539 of I. Federal tax 2012 form 1040 R. Federal tax 2012 form 1040 B. Federal tax 2012 form 1040 2012-45 at www. Federal tax 2012 form 1040 irs. Federal tax 2012 form 1040 gov/pub/irs-irbs/irb12-45. Federal tax 2012 form 1040 pdf. Federal tax 2012 form 1040 T. Federal tax 2012 form 1040 D. Federal tax 2012 form 1040 9621 (indoor tanning services tax) on page 49 of I. Federal tax 2012 form 1040 R. Federal tax 2012 form 1040 B. Federal tax 2012 form 1040 2013-28 at www. Federal tax 2012 form 1040 irs. Federal tax 2012 form 1040 gov/pub/irs-irbs/irb13-28. Federal tax 2012 form 1040 pdf. Federal tax 2012 form 1040 Excise Taxes Not Covered In addition to the taxes discussed in this publication, you may have to report certain other excise taxes. Federal tax 2012 form 1040 For tax forms relating to alcohol, firearms, and tobacco, visit the Alcohol and Tobacco Tax and Trade Bureau website at www. Federal tax 2012 form 1040 ttb. Federal tax 2012 form 1040 gov. Federal tax 2012 form 1040 Heavy highway vehicle use tax. Federal tax 2012 form 1040   You report the federal excise tax on the use of certain trucks, truck tractors, and buses used on public highways on Form 2290, Heavy Highway Vehicle Use Tax Return. Federal tax 2012 form 1040 The tax applies to highway motor vehicles with a taxable gross weight of 55,000 pounds or more. Federal tax 2012 form 1040 Vans, pickup trucks, panel trucks, and similar trucks generally are not subject to this tax. Federal tax 2012 form 1040 Note. Federal tax 2012 form 1040 A Spanish version (Formulario 2290(SP)) is also available. Federal tax 2012 form 1040 See How To Get Tax Help in chapter 17. Federal tax 2012 form 1040 Registration of vehicles. Federal tax 2012 form 1040   Generally, you must prove that you paid your heavy highway vehicle use tax to register your taxable vehicle with your state motor vehicle department or to enter the United States in a Canadian or Mexican registered taxable vehicle. Federal tax 2012 form 1040 Generally, a copy of Schedule 1 (Form 2290) is stamped by the IRS and returned to you as proof of payment. Federal tax 2012 form 1040    If you have questions on Form 2290, see its separate instructions, or you can call the Form 2290 call site at 1-866-699-4096 (toll free) from the United States, and 1-859-669-5733 (not toll free) from Canada and Mexico. Federal tax 2012 form 1040 The hours of service are 8:00 a. Federal tax 2012 form 1040 m. Federal tax 2012 form 1040 to 6:00 p. Federal tax 2012 form 1040 m. Federal tax 2012 form 1040 Eastern time. Federal tax 2012 form 1040 Wagering tax and occupational tax. Federal tax 2012 form 1040   The information on wagering tax can be found in the instructions for Form 730, Tax on Wagering, and Form 11-C, Occupational Tax and Registration Return for Wagering. Federal tax 2012 form 1040 Prev  Up  Next   Home   More Online Publications
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Tax Information for Tax Professionals

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The IRS has issued a statement on a court ruling related to enforcement of regulatory requirements for registered tax return preparers.

Open Season for Membership in the Information Reporting Advisory Committee (IRPAC)
The Internal Revenue Service (IRS) is accepting nominations to IRPAC beginning April 1, 2014 and ending May 30, 2014. IRPAC provides recommendations to IRS leadership on a wide range of information reporting and administration issues.

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IRS to Waive Forms 5498, 1098-T and 1099-G Penalties for the Initial Year of Introduction
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IRS Nationwide Tax Forum Information
Attend the IRS Nationwide Tax Forums to learn the latest in tax administration, mingle with industry partners, and earn CPE credits.

IRS Nationwide Tax Forums Online
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Disaster Relief Resource Center for Tax Professionals
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IRS Advisory Committees General Information
General Information on the Internal Revenue Service Advisory Council and the Information Reporting Program Advisory Committee.

2013 IRSAC Report Made Available at Public Meeting
The Internal Revenue Service Advisory Council (IRSAC) released its 2013 annual report. The IRSAC report includes recommendations on a wide range of tax administration issues.

2013 Information Reporting Program Advisory Committee (IRPAC) Public Report
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Most Tax Return Preparers Must Use IRS e-file
As of January 1, 2012, any tax return preparer who anticipates preparing and filing 11 or more Forms 1040, 1040A, 1040EZ and 1041 during a calendar year must use IRS e-file.

IRS Live
IRS Live is for the tax pro in the know. A live webinar, IRS Live is a panel discussion among IRS experts and industry professionals aimed at educating tax professionals on the most current and complex tax issues affecting them and their clients.

IRS Video Portal
The IRS Video portal contains presentations dedicated to helping the tax practitioner.

IRS Training and Communication Tools for Tax Professionals
Follow IRS on Twitter, attend a Tax Forum, and watch tax videos - learn about it here!

Interactive Tax Assistant (ITA)
The Interactive Tax Assistant (ITA) is a new resource that provides consistent answers to a limited number of tax law questions using a probe and response process. The ITA will guide you to accurate answers that are not readily addressed through simple Frequently Asked Questions (FAQs).

IRS Civil Penalties Virtual Mailbox
A resource for IRS External Stakeholders (tax professionals) to provide their suggestions and/or comments regarding improving administration of civil penalties.

Foreign Account Tax Compliance Act
FATCA will increase information reporting by foreign financial institutions, non-financial foreign entities, and certain U.S. persons holding financial assets outside the United States.

Offshore Voluntary Disclosure Initiative: Passive Foreign Income Company Investment Computations
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Make a Complaint About a Tax Return Preparer
Taxpayers can use this site to find out how to file a complaint about a tax preparer.

Circular No. 230 (Rev. 8-2011)
Rules Governing Practice Before the Internal Revenue Service

Section 7216 Information Center
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Job Aid for IRS Valuation Professionals to assist in reviewing or developing business valuations.

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Links to helpful information for taxpayers who cannot file or pay by the due date.

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Page Last Reviewed or Updated: 28-Mar-2014

The Federal Tax 2012 Form 1040

Federal tax 2012 form 1040 Index A Addition to property, Additions and Improvements Adjusted basis, Adjusted Basis Alternative Depreciation System (ADS) Recovery periods, Recovery Periods Under ADS Required use, Required use of ADS. Federal tax 2012 form 1040 Amended return, Filing an Amended Return Apartment Cooperative, Cooperative apartments. Federal tax 2012 form 1040 Rental, Which Property Class Applies Under GDS? Automobile (see Passenger automobile) B Basis Adjustments, Basis adjustment for depreciation allowed or allowable. Federal tax 2012 form 1040 , Adjustment of partner's basis in partnership. Federal tax 2012 form 1040 , Basis adjustment due to recapture of clean-fuel vehicle deduction or credit. Federal tax 2012 form 1040 , Basis adjustment due to casualty loss. Federal tax 2012 form 1040 Basis for depreciation, What Is the Basis for Depreciation? Casualty loss, Basis adjustment due to casualty loss. Federal tax 2012 form 1040 Change in use, Property changed from personal use. Federal tax 2012 form 1040 Cost, Cost as Basis Depreciable basis, Depreciable basis. Federal tax 2012 form 1040 Other than cost, Other Basis Recapture of clean-fuel vehicle deduction or credit, Basis adjustment due to recapture of clean-fuel vehicle deduction or credit. Federal tax 2012 form 1040 Term interest, Basis adjustments. Federal tax 2012 form 1040 Unadjusted, Figuring the Unadjusted Basis of Your Property Business use of property, partial, Partial business or investment use. Federal tax 2012 form 1040 Business-use limit, recapture of Section 179 deduction, When Must You Recapture the Deduction? Business-use requirement, listed property, What Is the Business-Use Requirement? C Car (see Passenger automobile) Carryover of section 179 deduction, Carryover of disallowed deduction. Federal tax 2012 form 1040 Casualty loss, effect of, Basis adjustment due to casualty loss. Federal tax 2012 form 1040 Changing accounting method, Changing Your Accounting Method Communication equipment (see Listed property) Commuting, Commuting use. Federal tax 2012 form 1040 Computer (see Listed property) Computer software, Computer software. Federal tax 2012 form 1040 , Off-the-shelf computer software. Federal tax 2012 form 1040 Containers, Containers. Federal tax 2012 form 1040 Conventions, Which Convention Applies? Cooperative apartment, Cooperative apartments. Federal tax 2012 form 1040 Copyright, Patents and copyrights. Federal tax 2012 form 1040 (see also Section 197 intangibles) Correcting depreciation deductions, How Do You Correct Depreciation Deductions? Cost basis, Cost as Basis D Declining balance Method, Declining Balance Method Rates, Declining balance rate. Federal tax 2012 form 1040 Deduction limit Automobile, Do the Passenger Automobile Limits Apply? Section 179, How Much Can You Deduct? Depreciation Deduction Employee, Can Employees Claim a Deduction? Listed property, Can Employees Claim a Deduction? Determinable useful life, Property Having a Determinable Useful Life Excepted property, Excepted Property Incorrect amount deducted, How Do You Correct Depreciation Deductions? Methods, Which Depreciation Method Applies? Property lasting more than one year, Property Lasting More Than One Year Property owned, Property You Own Property used in business, Property Used in Your Business or Income-Producing Activity Recapture, Revoking an election. Federal tax 2012 form 1040 , Recapture of Excess Depreciation Depreciation allowable, Basis adjustment for depreciation allowed or allowable. Federal tax 2012 form 1040 Depreciation allowed, Basis adjustment for depreciation allowed or allowable. Federal tax 2012 form 1040 Depreciation deduction Listed property, What Is the Business-Use Requirement? Determinable useful life, Property Having a Determinable Useful Life Disposition Before recovery period ends, Sale or Other Disposition Before the Recovery Period Ends General asset account property, Disposing of GAA Property Section 179 deduction, When Must You Recapture the Deduction? E Election ADS, Electing ADS. Federal tax 2012 form 1040 , Election of ADS. Federal tax 2012 form 1040 Declining balance (150% DB) method, 150% election. Federal tax 2012 form 1040 Exclusion from MACRS, Election To Exclude Property From MACRS General asset account, Electing To Use a GAA Not to claim special depreciation allowance, How Can You Elect Not To Claim an Allowance? Section 179 deduction, How Do You Elect the Deduction? Straight line method, Straight line election. Federal tax 2012 form 1040 Electric vehicle, Electric Vehicles Employee Depreciation deduction, Can Employees Claim a Deduction? How to claim depreciation, Employee. Federal tax 2012 form 1040 Employee deduction, listed property, Can Employees Claim a Deduction? Energy property, Energy property. Federal tax 2012 form 1040 Exchange of MACRS property, Property Acquired in a Like-kind Exchange or Involuntary Conversion F Farm Property, Depreciation Methods for Farm Property Figuring MACRS Using percentage tables, How Is the Depreciation Deduction Figured? Without using percentage tables, Figuring the Deduction Without Using the Tables Films, Films, video tapes, and recordings. Federal tax 2012 form 1040 Free tax services, Free help with your tax return. Federal tax 2012 form 1040 G General asset account Abusive transaction, Abusive transactions. Federal tax 2012 form 1040 Disposing of property, Disposing of GAA Property Grouping property in, Grouping Property Nonrecognition transaction, Nonrecognition transactions. Federal tax 2012 form 1040 General Depreciation System (GDS), recovery periods, Recovery Periods Under GDS Gift (see Basis, other than cost) H Help (see Tax help) I Idle property, Idle Property Improvements, How Do You Treat Repairs and Improvements?, Additions and Improvements Income forecast method, Income Forecast Method Incorrect depreciation deductions, How Do You Correct Depreciation Deductions? Indian reservation Defined, Indian reservation. Federal tax 2012 form 1040 Qualified infrastructure property, Qualified infrastructure property. Federal tax 2012 form 1040 Qualified property, Qualified property. Federal tax 2012 form 1040 Recovery periods for qualified property, Indian Reservation Property Related person, Related person. Federal tax 2012 form 1040 Inheritance (see Basis, other than cost) Intangible property Depreciation method, Intangible Property, Income Forecast Method Income forecast method, Income Forecast Method Straight line method, Intangible Property Inventory, Inventory. Federal tax 2012 form 1040 Investment use of property, partial, Partial business or investment use. Federal tax 2012 form 1040 Involuntary conversion of MACRS property, Property Acquired in a Like-kind Exchange or Involuntary Conversion L Land Not depreciable, Land Preparation costs, Land Leased property, Leased property. Federal tax 2012 form 1040 Leasehold improvement property, defined, Qualified leasehold improvement property. Federal tax 2012 form 1040 , Qualified leasehold improvement property. Federal tax 2012 form 1040 Life tenant, Life tenant. Federal tax 2012 form 1040 (see also Term interests) Limit on deduction Automobile, Do the Passenger Automobile Limits Apply? Section 179, How Much Can You Deduct? Listed property 5% owner, 5% owner. Federal tax 2012 form 1040 Computer, Computers and Related Peripheral Equipment Condition of employment, Condition of employment. Federal tax 2012 form 1040 Defined, What Is Listed Property? Employee deduction, Can Employees Claim a Deduction? Employer convenience, Employer's convenience. Federal tax 2012 form 1040 Improvements to, Improvements to listed property. Federal tax 2012 form 1040 Leased, Lessee's Inclusion Amount Passenger automobile, Passenger Automobiles Qualified business use, Qualified Business Use Recordkeeping, Adequate Records Related person, Related persons. Federal tax 2012 form 1040 Reporting on Form 4562, How Is Listed Property Information Reported? Lodging, Property used for lodging. Federal tax 2012 form 1040 M Maximum deduction Electric vehicles, Electric Vehicles Passenger automobiles, Maximum Depreciation Deduction Trucks, Trucks and Vans Vans, Trucks and Vans Mobile home (see Residential rental property) Modified ACRS (MACRS) Addition or improvement, Additions and Improvements Alternative Depreciation System (ADS), Which Depreciation System (GDS or ADS) Applies? Conventions, Which Convention Applies? Declining balance method, Declining Balance Method Depreciation methods, Which Depreciation Method Applies? Farm property, Depreciation Methods for Farm Property Figuring, short tax year, Property Placed in Service in a Short Tax Year General Depreciation System (GDS), Which Depreciation System (GDS or ADS) Applies? Percentage tables, Using the MACRS Percentage Tables Property classes, Which Property Class Applies Under GDS? Recovery periods, Which Recovery Period Applies? Short tax year, Figuring the Deduction for a Short Tax Year Straight line method, Straight Line Method N Nonresidential real property, Which Property Class Applies Under GDS? Nontaxable transfer of MACRS property, Property Acquired in a Nontaxable Transfer O Office in the home, Office in the home. Federal tax 2012 form 1040 , Office in the home. Federal tax 2012 form 1040 Ownership, incidents of, Incidents of ownership. Federal tax 2012 form 1040 P Partial business use, Partial business use. Federal tax 2012 form 1040 Passenger automobile Defined, Passenger Automobiles Electric vehicles, Electric Vehicles Limit on, Do the Passenger Automobile Limits Apply? Maximum depreciation deduction, Maximum Depreciation Deduction Trucks, Trucks and Vans Vans, Trucks and Vans Patent, Patents and copyrights. Federal tax 2012 form 1040 (see also Section 197 intangibles) Personal property, Personal property. Federal tax 2012 form 1040 Phonographic equipment (see Listed property) Photographic equipment (see Listed property) Placed in service Before 1987, Property You Placed in Service Before 1987 Date, What Is the Placed in Service Date? Rule, Placed in Service Property Classes, Which Property Class Applies Under GDS? Depreciable, What Property Can Be Depreciated? Idle, Idle Property Improvements, How Do You Treat Repairs and Improvements? Leased, Leased property. Federal tax 2012 form 1040 , Leased property. Federal tax 2012 form 1040 Listed, What Is Listed Property? Personal, Personal property. Federal tax 2012 form 1040 Real, Real property. Federal tax 2012 form 1040 Retired from service, Retired From Service Tangible personal, Tangible personal property. Federal tax 2012 form 1040 Term interest, Certain term interests in property. Federal tax 2012 form 1040 Q Qualified leasehold improvement property, defined, Qualified leasehold improvement property. Federal tax 2012 form 1040 , Qualified leasehold improvement property. Federal tax 2012 form 1040 Qualified property, special depreciation allowance, What Is Qualified Property? R Real property, Real property. Federal tax 2012 form 1040 Recapture Clean-fuel vehicle deduction or credit, Basis adjustment due to recapture of clean-fuel vehicle deduction or credit. Federal tax 2012 form 1040 General asset account, abusive transaction, Abusive transactions. Federal tax 2012 form 1040 Listed property, Recapture of Excess Depreciation MACRS depreciation, Revoking an election. Federal tax 2012 form 1040 Section 179 deduction, When Must You Recapture the Deduction? Special depreciation allowance, When Must You Recapture an Allowance? Recordkeeping Listed property, Adequate Records Section 179, How Do You Elect the Deduction? Recovery periods ADS, Recovery Periods Under ADS GDS, Recovery Periods Under GDS Related persons, Related persons. Federal tax 2012 form 1040 , Related persons. Federal tax 2012 form 1040 , Related persons. Federal tax 2012 form 1040 , Related persons. Federal tax 2012 form 1040 , Related person. Federal tax 2012 form 1040 , Related persons. Federal tax 2012 form 1040 Rent-to-own property, defined, Qualified rent-to-own property. Federal tax 2012 form 1040 Rental home (see Residential rental property) Rented property, improvements, Improvements to rented property. Federal tax 2012 form 1040 Repairs, How Do You Treat Repairs and Improvements? Residential rental property, Which Property Class Applies Under GDS? Retail motor fuels outlet, Retail motor fuels outlet. Federal tax 2012 form 1040 Revoking ADS election, Electing ADS. Federal tax 2012 form 1040 General asset account election, Revoking an election. Federal tax 2012 form 1040 Section 179 election, Revoking an election. Federal tax 2012 form 1040 S Sale of property, Sale or Other Disposition Before the Recovery Period Ends Section 179 deduction Business use required, Partial business use. Federal tax 2012 form 1040 Carryover, Carryover of disallowed deduction. Federal tax 2012 form 1040 Dispositions, When Must You Recapture the Deduction? Electing, How Do You Elect the Deduction? Limits Business (taxable) income, Business Income Limit Business-use, recapture, When Must You Recapture the Deduction? Dollar, Dollar Limits Enterprise zone business, Enterprise Zone Businesses Partial business use, Partial business use. Federal tax 2012 form 1040 Married filing separate returns, Married Individuals Partnership rules, Partnerships and Partners Property Eligible, Eligible Property Excepted, Excepted Property Purchase required, Property Acquired by Purchase Recapture, When Must You Recapture the Deduction? Recordkeeping, How Do You Elect the Deduction? S corporation rules, S Corporations Settlement fees, Settlement costs. Federal tax 2012 form 1040 Short tax year Figuring depreciation, Property Placed in Service in a Short Tax Year Figuring placed-in-service date, Using the Applicable Convention in a Short Tax Year Software, computer, Computer software. Federal tax 2012 form 1040 , Off-the-shelf computer software. Federal tax 2012 form 1040 Sound recording, Films, video tapes, and recordings. Federal tax 2012 form 1040 Special depreciation allowance Election not to claim, How Can You Elect Not To Claim an Allowance? Qualified property, What Is Qualified Property? Recapture, When Must You Recapture an Allowance? Stock, constructive ownership of, Constructive ownership of stock or partnership interest. Federal tax 2012 form 1040 Straight line method, Intangible Property, Straight Line Method Created intangibles, Certain created intangibles. Federal tax 2012 form 1040 T Tangible personal property, Tangible personal property. Federal tax 2012 form 1040 Term interest, Certain term interests in property. Federal tax 2012 form 1040 Trade-in of property, Trade-in of other property. Federal tax 2012 form 1040 Trucks, Trucks and Vans U Unadjusted basis, Figuring the Unadjusted Basis of Your Property Useful life, Property Having a Determinable Useful Life V Vans, Trucks and Vans Video tape, Films, video tapes, and recordings. Federal tax 2012 form 1040 Video-recording equipment (see Listed property) W When to use ADS, Which Depreciation System (GDS or ADS) Applies? Worksheet Leased listed property, Inclusion amount worksheet. Federal tax 2012 form 1040 MACRS, MACRS Worksheet Prev  Up     Home   More Online Publications