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Federal Tax Forms 2010

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Federal Tax Forms 2010

Federal tax forms 2010 Index Symbols "Hours of service" limits, Individuals subject to hours of service limits. Federal tax forms 2010 Form 2106, Hours of service limits. Federal tax forms 2010 50% limit on meals, 50% limit on meals. Federal tax forms 2010 A Accountable plans, Accountable Plans, Per diem allowance more than federal rate. Federal tax forms 2010 Accounting to employer, Accountable Plans Adequate accounting, Adequate Accounting Independent contractors, Adequate accounting. Federal tax forms 2010 Adequate records, What Are Adequate Records? Advertising Car display, Advertising display on car. Federal tax forms 2010 Expenses, 3 - Advertising expenses. Federal tax forms 2010 Signs, display racks, or other promotional material to be used on recipient's business premises, Exceptions. Federal tax forms 2010 Airline clubs, Club dues and membership fees. Federal tax forms 2010 Allocating costs, Separating costs. Federal tax forms 2010 , Separating costs. Federal tax forms 2010 , Allocating between business and nonbusiness. Federal tax forms 2010 , Allocating total cost. Federal tax forms 2010 Allowance (see Reimbursements) Armed forces Assigned overseas, Members of the Armed Forces. Federal tax forms 2010 Assistance (see Tax help) Associated entertainment, Associated Test Athletic clubs, Club dues and membership fees. Federal tax forms 2010 B Basis of car, Basis. Federal tax forms 2010 (see also Depreciation of car) Bona fide business purpose, Bona fide business purpose. Federal tax forms 2010 Box seats at entertainment events, Skyboxes and other private luxury boxes. Federal tax forms 2010 Business travel, Trip Primarily for Business Outside U. Federal tax forms 2010 S. Federal tax forms 2010 , Travel Entirely for Business or Considered Entirely for Business Business use of car, Business and personal use. Federal tax forms 2010 More-than-50%-use test. Federal tax forms 2010 , More-than-50%-use test. Federal tax forms 2010 Qualified business use, Qualified business use. Federal tax forms 2010 C Canceled checks As evidence of business expenses, Canceled check. Federal tax forms 2010 Car expenses, Car Expenses, Reporting inclusion amounts. Federal tax forms 2010 Actual expenses, Actual Car Expenses Allowances for, Per Diem and Car Allowances, Allowance more than the federal rate. Federal tax forms 2010 Business and personal use, Business and personal use. Federal tax forms 2010 Combining expenses, Car expenses. Federal tax forms 2010 Disposition of car, Disposition of a Car Fixed and variable rate (FAVR) allowance, Fixed and variable rate (FAVR). Federal tax forms 2010 Form 2106, Car expenses. Federal tax forms 2010 Leasing a car, truck, or van, Leasing a Car, Reporting inclusion amounts. Federal tax forms 2010 Mileage rate (see Standard mileage rate) Taxes paid on car, Taxes paid on your car. Federal tax forms 2010 Traffic tickets, Fines and collateral. Federal tax forms 2010 Car pools, Car pools. Federal tax forms 2010 Car rentals, Reporting inclusion amounts. Federal tax forms 2010 Form 2106, Car rentals. Federal tax forms 2010 Car, defined, Car defined. Federal tax forms 2010 Car, truck, or van rentals, Leasing a Car, Reporting inclusion amounts. Federal tax forms 2010 Casualty and theft losses Cars, Casualty and theft losses. Federal tax forms 2010 Depreciation, Casualty or theft. Federal tax forms 2010 Charitable organizations Benefit events for, Exception for events that benefit charitable organizations. Federal tax forms 2010 Sports events to benefit, 5 - Charitable sports event. Federal tax forms 2010 Club dues, Club dues and membership fees. Federal tax forms 2010 Commuting expenses, Commuting expenses. Federal tax forms 2010 Conventions, Conventions, Meetings at conventions. Federal tax forms 2010 Country clubs, Club dues and membership fees. Federal tax forms 2010 Cruise ships, Cruise Ships D Daily business mileage and expense log (Table 6-2), Table 5-2. Federal tax forms 2010 Daily Business Mileage and Expense Log Name: Depreciation of car, Depreciation and section 179 deductions. Federal tax forms 2010 (see also Section 179 deductions) Adjustment for using standard mileage rate, Depreciation adjustment when you used the standard mileage rate. Federal tax forms 2010 Basis, Basis. Federal tax forms 2010 Sales taxes, Sales taxes. Federal tax forms 2010 Unrecovered basis, How to treat unrecovered basis. Federal tax forms 2010 Casualty or theft, effect, Casualty or theft. Federal tax forms 2010 Deduction, Depreciation and section 179 deductions. Federal tax forms 2010 , Depreciation deduction for the year of disposition. Federal tax forms 2010 Excess depreciation, Excess depreciation. Federal tax forms 2010 Modified Accelerated Cost Recovery System (MACRS), Modified Accelerated Cost Recovery System (MACRS). Federal tax forms 2010 Trade-in, effect, Car trade-in. Federal tax forms 2010 , Trade-in. Federal tax forms 2010 Trucks and vans, Trucks and vans. Federal tax forms 2010 Depreciation of Car Section 179 deduction, Section 179 deduction. Federal tax forms 2010 Directly-related entertainment, Directly-Related Test Disabled employees Impairment-related work expenses, Impairment-Related Work Expenses of Disabled Employees Documentary evidence, Documentary evidence. Federal tax forms 2010 E Employer-provided vehicles, Employer-provided vehicle. Federal tax forms 2010 Reporting requirements, Vehicle Provided by Your Employer Entertainment expenses, Entertainment, Individuals subject to hours of service limits. Federal tax forms 2010 , Gift or entertainment. Federal tax forms 2010 50% limit, Directly before or after business discussion. Federal tax forms 2010 Determination of applicability (Figure A), 50% Limit Associated test, Associated Test Deductible, What Entertainment Expenses Are Deductible?, Expenses for spouses. Federal tax forms 2010 Summary (Table 2-1), Exception for events that benefit charitable organizations. Federal tax forms 2010 Directly-related test, Directly-Related Test Entertainment, defined, Entertainment. Federal tax forms 2010 Form 2106, Meal and entertainment expenses. Federal tax forms 2010 Tickets (see Tickets) Entertainment facilities Expenses for use of, Entertainment facilities. Federal tax forms 2010 Estimates of expenses, How To Prove Expenses Exceptions to the 50% Limit, Exceptions to the 50% Limit Excess reimbursements (see Reimbursements) Extravagant expenses, Lavish or extravagant. Federal tax forms 2010 , Lavish or extravagant expenses. Federal tax forms 2010 F Fair market value of car, Fair market value. Federal tax forms 2010 Farmers Form 1040, Schedule F, Self-employed. Federal tax forms 2010 Federal crime investigations or prosecutions Federal employees engaged in, Exception for federal crime investigations or prosecutions. Federal tax forms 2010 Federal rate for per diem, Standard Meal Allowance, The federal rate. Federal tax forms 2010 Fee-basis officials, Officials Paid on a Fee Basis Fees you pay, Parking fees. Federal tax forms 2010 Fixed and variable rate (FAVR) allowance, Fixed and variable rate (FAVR). Federal tax forms 2010 Form 1040, Schedule C, Self-employed. Federal tax forms 2010 Form 1040, Schedule F, Self-employed. Federal tax forms 2010 Form 2106, How to choose. Federal tax forms 2010 , Employees. Federal tax forms 2010 , Full value included in your income. Federal tax forms 2010 , Reporting your expenses under a nonaccountable plan. Federal tax forms 2010 , Completing Forms 2106 and 2106-EZ Form 2106-EZ, Form 2106-EZ. Federal tax forms 2010 Form 4562, Self-employed. Federal tax forms 2010 Form 4797, Excess depreciation. Federal tax forms 2010 Form W-2 Employer-provided vehicles, Value reported on Form W-2. Federal tax forms 2010 Reimbursement of personal expenses, Reimbursement for personal expenses. Federal tax forms 2010 Statutory employees, Statutory employees. Federal tax forms 2010 Free tax services, Free help with your tax return. Federal tax forms 2010 G Gifts, Gift or entertainment. Federal tax forms 2010 , Gifts $25 limit, $25 limit. Federal tax forms 2010 Combining for recordkeeping purposes, Gift expenses. Federal tax forms 2010 Reporting requirements, Gifts. Federal tax forms 2010 Golf clubs, Club dues and membership fees. Federal tax forms 2010 H Hauling tools, Hauling tools or instruments. Federal tax forms 2010 Help (see Tax help) High-low method Introduction, High-low method. Federal tax forms 2010 Transition rules, High-low method. Federal tax forms 2010 High-low rate method, High-low rate. Federal tax forms 2010 Home office, Office in the home. Federal tax forms 2010 Hotel clubs, Club dues and membership fees. Federal tax forms 2010 I Impairment-related work expenses, Impairment-Related Work Expenses of Disabled Employees Incidental expenses Defined, Incidental expenses. Federal tax forms 2010 Gifts, Incidental costs. Federal tax forms 2010 No meals, incidentals only, Incidental-expenses-only method. Federal tax forms 2010 Income-producing property, Income-producing property. Federal tax forms 2010 Incomplete records, What If I Have Incomplete Records? Indefinite job assignment, Temporary assignment vs. Federal tax forms 2010 indefinite assignment. Federal tax forms 2010 Independent contractors, Rules for Independent Contractors and Clients Interest on car loans, Interest on car loans. Federal tax forms 2010 Itinerants, Tax Home L Lavish or extravagant expenses, Lavish or extravagant. Federal tax forms 2010 , Lavish or extravagant expenses. Federal tax forms 2010 Leasing a car, truck, or van, Leasing a Car, Reporting inclusion amounts. Federal tax forms 2010 Luxury private boxes at entertainment events, Skyboxes and other private luxury boxes. Federal tax forms 2010 Luxury water travel, Luxury Water Travel M MACRS (Modified Accelerated Cost Recovery System), Modified Accelerated Cost Recovery System (MACRS). Federal tax forms 2010 2011 chart (Table 4-1), Table 4-1. Federal tax forms 2010 2013 MACRS Depreciation Chart (Use to Figure Depreciation for 2013. Federal tax forms 2010 ) Main place of business or work, Main place of business or work. Federal tax forms 2010 Married taxpayers Performing artists, Special rules for married persons. Federal tax forms 2010 Meal expenses, Meals 50% limit, 50% Limit Determination of applicability (Figure A), 50% Limit Exceptions, Exceptions to the 50% Limit Actual cost method, Actual Cost Form 2106, Meal and entertainment expenses. Federal tax forms 2010 Major cities with higher allowances, Amount of standard meal allowance. Federal tax forms 2010 Standard meal allowance, Standard Meal Allowance, Who can use the standard meal allowance. Federal tax forms 2010 , The standard meal allowance. Federal tax forms 2010 Meals, entertainment-related, A meal as a form of entertainment. Federal tax forms 2010 Mileage rate (see Standard mileage rate) Military (see Armed forces) Missing children, photographs of, Reminder Modified Accelerated Cost Recovery System (MACRS), Modified Accelerated Cost Recovery System (MACRS). Federal tax forms 2010 2011 chart (Table 4-1), Table 4-1. Federal tax forms 2010 2013 MACRS Depreciation Chart (Use to Figure Depreciation for 2013. Federal tax forms 2010 ) N Nonaccountable plans, Nonaccountable Plans O Office in the home, Office in the home. Federal tax forms 2010 Officials paid on fee basis, Officials Paid on a Fee Basis Overseas travel Conventions, Conventions Held Outside the North American Area Meal allowance, Standard meal allowance for areas outside the continental United States. Federal tax forms 2010 Part of trip outside U. Federal tax forms 2010 S. Federal tax forms 2010 , Part of Trip Outside the United States P Parking fees, Parking fees. Federal tax forms 2010 , Parking fees and tolls. Federal tax forms 2010 Per diem allowances, Per Diem and Car Allowances, Allowance more than the federal rate. Federal tax forms 2010 Defined, Reimbursement, allowance, or advance. Federal tax forms 2010 Federal rate for, The federal rate. Federal tax forms 2010 Per diem rates High-cost localities, High-low method. Federal tax forms 2010 High-low method, High-low method. Federal tax forms 2010 Regular federal method, Regular federal per diem rate method. Federal tax forms 2010 Standard rate for unlisted localities, High-low method. Federal tax forms 2010 , Regular federal per diem rate method. Federal tax forms 2010 Transition rules, High-low method. Federal tax forms 2010 , Federal per diem rate method. Federal tax forms 2010 Performing artists, Expenses of Certain Performing Artists Personal property taxes, Personal property taxes. Federal tax forms 2010 , Taxes paid on your car. Federal tax forms 2010 Personal trips, Trip Primarily for Personal Reasons Outside U. Federal tax forms 2010 S. Federal tax forms 2010 , Travel Primarily for Personal Reasons Placed in service, cars, Placed in service. Federal tax forms 2010 Probationary work period, Probationary work period. Federal tax forms 2010 Proving business purpose, Proving business purpose. Federal tax forms 2010 Public transportation Outside of U. Federal tax forms 2010 S. Federal tax forms 2010 travel, Public transportation. Federal tax forms 2010 Publications (see Tax help) R Recordkeeping requirements, Recordkeeping, Examples of Records Adequate records, What Are Adequate Records? Daily business mileage and expense log (Table 6-2), Table 5-2. Federal tax forms 2010 Daily Business Mileage and Expense Log Name: Destroyed records, Destroyed records. Federal tax forms 2010 How to prove expenses (Table 5-1), Table 5-1. Federal tax forms 2010 How To Prove Certain Business Expenses Incomplete records, What If I Have Incomplete Records? Reimbursed expenses, Reimbursed for expenses. Federal tax forms 2010 Sampling to prove expenses, Sampling. Federal tax forms 2010 Separating and combining expenses, Separating and Combining Expenses, If your return is examined. Federal tax forms 2010 Three-year period of retention, How Long To Keep Records and Receipts Weekly travel expense and entertainment record (Table 6-3), THIS IS NOT AN OFFICIAL INTERNAL REVENUE FORM Regular federal method Introduction, Regular federal per diem rate method. Federal tax forms 2010 Transition rules, Federal per diem rate method. Federal tax forms 2010 Reimbursements, Less than full value included in your income. Federal tax forms 2010 , Contractor does not adequately account. Federal tax forms 2010 Accountable plans, Accountable Plans Excess, Returning Excess Reimbursements, Nonaccountable Plans Form 2106, Reimbursements. Federal tax forms 2010 Nonaccountable plans, Nonaccountable Plans Nondeductible expenses, Reimbursement of nondeductible expenses. Federal tax forms 2010 Personal expenses, Reimbursement for personal expenses. Federal tax forms 2010 Recordkeeping, Reimbursed for expenses. Federal tax forms 2010 Reporting (Table 6-1), Table 6-1. Federal tax forms 2010 Reporting Travel, Entertainment, Gift, and Car Expenses and Reimbursements Unclaimed, Where To Report Reporting requirements, How To Report Per diem or car allowance, Reporting your expenses with a per diem or car allowance. Federal tax forms 2010 Reimbursements, Reimbursements, Contractor does not adequately account. Federal tax forms 2010 Reservists Transportation expenses, Armed Forces reservists. Federal tax forms 2010 Traveling more than 100 miles from home, Armed Forces Reservists Traveling More Than 100 Miles From Home Returning excess reimbursements, Returning Excess Reimbursements Rural mail carriers, Rural mail carriers. Federal tax forms 2010 S Section 179 deduction Amended return, How to choose. Federal tax forms 2010 Deduction, Section 179 Deduction Limits, Limits. Federal tax forms 2010 Self-employed persons, 2 - Self-employed. Federal tax forms 2010 Reporting requirements, Self-employed. Federal tax forms 2010 Skyboxes, Skyboxes and other private luxury boxes. Federal tax forms 2010 Spouse, expenses for, Travel expenses for another individual. Federal tax forms 2010 , Expenses for spouses. Federal tax forms 2010 Standard meal allowance, Standard Meal Allowance, Who can use the standard meal allowance. Federal tax forms 2010 , The standard meal allowance. Federal tax forms 2010 Standard mileage rate, What's New, Standard Mileage Rate, The standard mileage rate. Federal tax forms 2010 Depreciation adjustment for using, Depreciation adjustment when you used the standard mileage rate. Federal tax forms 2010 Form 2106, Standard mileage rate. Federal tax forms 2010 Statutory employees, Statutory employees. Federal tax forms 2010 T Tables and figures 50% limit determination (Figure A), 50% Limit Daily business mileage and expense log (Table 6-2), Table 5-2. Federal tax forms 2010 Daily Business Mileage and Expense Log Name: Entertainment expenses, determination of deductibility (Table 2-1), Table 2-1. Federal tax forms 2010 When Are Entertainment Expenses Deductible? Maximum depreciation deduction for cars table, Maximum Depreciation Deduction for Cars Modified Accelerated Cost Recovery System (MACRS) 2011 chart (Table 4-1), Table 4-1. Federal tax forms 2010 2013 MACRS Depreciation Chart (Use to Figure Depreciation for 2013. Federal tax forms 2010 ) Proving expenses (Table 5-1), Table 5-1. Federal tax forms 2010 How To Prove Certain Business Expenses Reporting reimbursements (Table 6-1), Table 6-1. Federal tax forms 2010 Reporting Travel, Entertainment, Gift, and Car Expenses and Reimbursements Transportation expenses, determination of deductibility (Figure B), Gift or entertainment. Federal tax forms 2010 , Illustration of transportation expenses. Federal tax forms 2010 Travel expenses, determination of deductibility (Table 1-1), Table 1-1. Federal tax forms 2010 Travel Expenses You Can Deduct Weekly travel expense and entertainment record (Table 6-3), THIS IS NOT AN OFFICIAL INTERNAL REVENUE FORM Tax help, How To Get Tax Help Tax home, determination of, Tax Home Temporary job assignments, Temporary Assignment or Job Temporary work location, Temporary work location. Federal tax forms 2010 Tickets, Entertainment tickets. Federal tax forms 2010 , Gift or entertainment. Federal tax forms 2010 Season or series tickets, Season or series tickets. Federal tax forms 2010 Traffic violations, Fines and collateral. Federal tax forms 2010 Tools Hauling tools, Hauling tools or instruments. Federal tax forms 2010 Trade association meetings, Trade association meetings. Federal tax forms 2010 Trade-in of car, Car trade-in. Federal tax forms 2010 , Trade-in. Federal tax forms 2010 Traffic tickets, Fines and collateral. Federal tax forms 2010 Transients, Tax Home Transition rules, Transition Rules Example High-low method, High-low method. Federal tax forms 2010 High-low method, High-low method. Federal tax forms 2010 Regular federal method, Federal per diem rate method. Federal tax forms 2010 Transportation expenses, Transportation, Depreciation deduction for the year of disposition. Federal tax forms 2010 Car expenses, Car Expenses, Reporting inclusion amounts. Federal tax forms 2010 Deductible (Figure B), Gift or entertainment. Federal tax forms 2010 , Illustration of transportation expenses. Federal tax forms 2010 five or more cars, Five or more cars. Federal tax forms 2010 Form 2106, Transportation expenses. Federal tax forms 2010 Transportation workers, Special rate for transportation workers. Federal tax forms 2010 , Individuals subject to hours of service limits. Federal tax forms 2010 Travel advance, Reimbursement, allowance, or advance. Federal tax forms 2010 , Travel advance. Federal tax forms 2010 (see also Reimbursements) Travel expenses, Travel, Cruise Ships Another individual accompanying taxpayer, Travel expenses for another individual. Federal tax forms 2010 Away from home, Traveling Away From Home, Tax Home Deductible, What Travel Expenses Are Deductible?, Cruise Ships Summary of (Table 1-1), Table 1-1. Federal tax forms 2010 Travel Expenses You Can Deduct Defined, Travel expenses defined. Federal tax forms 2010 Going home on days off, Going home on days off. Federal tax forms 2010 In U. Federal tax forms 2010 S. Federal tax forms 2010 , Travel in the United States Lodging, Standard Meal Allowance Luxury water travel, Luxury Water Travel Outside U. Federal tax forms 2010 S. Federal tax forms 2010 , Travel Outside the United States Travel to family home, Tax Home Different From Family Home Trucks and vans Depreciation, Trucks and vans. Federal tax forms 2010 Transportation workers, Individuals subject to hours of service limits. Federal tax forms 2010 Transportation workers' expenses, Special rate for transportation workers. Federal tax forms 2010 Two places of work, Two places of work. Federal tax forms 2010 U Unclaimed reimbursements, Where To Report Unions Trips from union hall to place of work, Union members' trips from a union hall. Federal tax forms 2010 Unrecovered basis of car, How to treat unrecovered basis. Federal tax forms 2010 V Volunteers, Volunteers. Federal tax forms 2010 W Weekly travel expense and entertainment record (Table 6-3), THIS IS NOT AN OFFICIAL INTERNAL REVENUE FORM Prev  Up     Home   More Online Publications
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Consumer Protection Offices

City, county, regional, and state consumer offices offer a variety of important services. They might mediate complaints, conduct investigations, prosecute offenders of consumer laws, license and regulate professional service providers, provide educational materials and advocate for consumer rights. To save time, call before sending a written complaint. Ask if the office handles the type of complaint you have and if complaint forms are provided.

State Consumer Protection Offices

New Hampshire Office of the Attorney General

Website: New Hampshire Office of the Attorney General

Address: New Hampshire Office of the Attorney General
Consumer Protection and Antitrust Bureau
33 Capitol St.
Concord, NH 03301

Phone Number: 603-271-3641

Toll-free: 1-888-468-4454 (Consumer Protection Hotline)

TTY: 1-800-735-2964 (NH)

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Banking Authorities

The officials listed in this section regulate and supervise state-chartered banks. Many of them handle or refer problems and complaints about other types of financial institutions as well. Some also answer general questions about banking and consumer credit. If you are dealing with a federally chartered bank, check Federal Agencies.

State Banking Department

Website: State Banking Department

Address: State Banking Department
53 Regional Dr., Suite 200
Concord, NH 03301

Phone Number: 603-271-3561

Toll-free: 1-800-437-5991

TTY: 1-800-735-2964

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Insurance Regulators

Each state has its own laws and regulations for each type of insurance. The officials listed in this section enforce these laws. Many of these offices can also provide you with information to help you make informed insurance buying decisions.

Insurance Department

Website: Insurance Department

Address: Insurance Department
21 S. Fruit St., Suite 14
Concord, NH 03301

Phone Number: 603-271-2261

Toll-free: 1-800-852-3416 (NH)

TTY: 1-800-735-2964 (NH)

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Securities Administrators

Each state has its own laws and regulations for securities brokers and securities - including stocks, mutual funds, commodities, real estate, etc. The officials and agencies listed in this section enforce these laws and regulations. Many of these offices can also provide information to help you make informed investment decisions.

Secretary of State

Website: Secretary of State

Address: Secretary of State
Bureau of Securities Regulation
107 N. Main St., #204
Concord, NH 03301

Phone Number: 603-271-1463

Toll-free: 1-800-994-4200

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Utility Commissions

State Utility Commissions regulate services and rates for gas, electricity and telephones within your state. In some states, the utility commissions regulate other services such as water, transportation, and the moving of household goods. Many utility commissions handle consumer complaints. Sometimes, if a number of complaints are received about the same utility matter, they will conduct investigations.

Public Utilities Commission

Website: Public Utilities Commission

Address: Public Utilities Commission
Consumer Affairs Division
21 S. Fruit St., Suite 10
Concord, NH 03301-2429

Phone Number: 603-271-2431

Toll-free: 1-800-852-3793 (NH)

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The Federal Tax Forms 2010

Federal tax forms 2010 7. Federal tax forms 2010   Costs You Can Deduct or Capitalize Table of Contents What's New Introduction Topics - This chapter discusses: Useful Items - You may want to see: Carrying Charges Research and Experimental CostsProduct. Federal tax forms 2010 Costs not included. Federal tax forms 2010 Intangible Drilling Costs Exploration CostsPartnerships and S corporations. Federal tax forms 2010 Development Costs Circulation Costs Business Start-Up and Organizational Costs Reforestation Costs Retired Asset Removal Costs Barrier Removal CostsOther barrier removals. Federal tax forms 2010 Film and Television Production Costs What's New Film and television productions costs. Federal tax forms 2010  The election to expense film and television production costs does not apply to productions that begin after December 31, 2013. Federal tax forms 2010 See Film and Television Production Costs , later. Federal tax forms 2010 Introduction This chapter discusses costs you can elect to deduct or capitalize. Federal tax forms 2010 You generally deduct a cost as a current business expense by subtracting it from your income in either the year you incur it or the year you pay it. Federal tax forms 2010 If you capitalize a cost, you may be able to recover it over a period of years through periodic deductions for amortization, depletion, or depreciation. Federal tax forms 2010 When you capitalize a cost, you add it to the basis of property to which it relates. Federal tax forms 2010 A partnership, corporation, estate, or trust makes the election to deduct or capitalize the costs discussed in this chapter except for exploration costs for mineral deposits. Federal tax forms 2010 Each individual partner, shareholder, or beneficiary elects whether to deduct or capitalize exploration costs. Federal tax forms 2010 You may be subject to the alternative minimum tax (AMT) if you deduct research and experimental, intangible drilling, exploration, development, circulation, or business organizational costs. Federal tax forms 2010 For more information on the alternative minimum tax, see the instructions for the following forms. Federal tax forms 2010 Form 6251, Alternative Minimum Tax—Individuals. Federal tax forms 2010 Form 4626, Alternative Minimum Tax—Corporations. Federal tax forms 2010 Topics - This chapter discusses: Carrying charges Research and experimental costs Intangible drilling costs Exploration costs Development costs Circulation costs Qualified disaster expenses Business start-up and organizational costs Reforestation costs Retired asset removal costs Barrier removal costs Film and television production costs Useful Items - You may want to see: Publication 544 Sales and Other Dispositions of Assets Form (and Instructions) 3468 Investment Credit 8826 Disabled Access Credit See chapter 12 for information about getting publications and forms. Federal tax forms 2010 Carrying Charges Carrying charges include the taxes and interest you pay to carry or develop real property or to carry, transport, or install personal property. Federal tax forms 2010 Certain carrying charges must be capitalized under the uniform capitalization rules. Federal tax forms 2010 (For information on capitalization of interest, see chapter 4 . Federal tax forms 2010 ) You can elect to capitalize carrying charges not subject to the uniform capitalization rules, but only if they are otherwise deductible. Federal tax forms 2010 You can elect to capitalize carrying charges separately for each project you have and for each type of carrying charge. Federal tax forms 2010 For unimproved and unproductive real property, your election is good for only 1 year. Federal tax forms 2010 You must decide whether to capitalize carrying charges each year the property remains unimproved and unproductive. Federal tax forms 2010 For other real property, your election to capitalize carrying charges remains in effect until construction or development is completed. Federal tax forms 2010 For personal property, your election is effective until the date you install or first use it, whichever is later. Federal tax forms 2010 How to make the election. Federal tax forms 2010   To make the election to capitalize a carrying charge, attach a statement to your original tax return for the year the election is to be effective indicating which charges you are electing to capitalize. Federal tax forms 2010 However, if you timely filed your return for the year without making the election, you can still make the election by filing an amended return within 6 months of the due date of the return (excluding extensions). Federal tax forms 2010 Attach the statement to the amended return and write “Filed pursuant to section 301. Federal tax forms 2010 9100-2” on the statement. Federal tax forms 2010 File the amended return at the same address you filed the original return. Federal tax forms 2010 Research and Experimental Costs The costs of research and experimentation are generally capital expenses. Federal tax forms 2010 However, you can elect to deduct these costs as a current business expense. Federal tax forms 2010 Your election to deduct these costs is binding for the year it is made and for all later years unless you get IRS approval to make a change. Federal tax forms 2010 If you meet certain requirements, you may elect to defer and amortize research and experimental costs. Federal tax forms 2010 For information on electing to defer and amortize these costs, see Research and Experimental Costs in chapter 8. Federal tax forms 2010 Research and experimental costs defined. Federal tax forms 2010   Research and experimental costs are reasonable costs you incur in your trade or business for activities intended to provide information that would eliminate uncertainty about the development or improvement of a product. Federal tax forms 2010 Uncertainty exists if the information available to you does not establish how to develop or improve a product or the appropriate design of a product. Federal tax forms 2010 Whether costs qualify as research and experimental costs depends on the nature of the activity to which the costs relate rather than on the nature of the product or improvement being developed or the level of technological advancement. Federal tax forms 2010      The costs of obtaining a patent, including attorneys' fees paid or incurred in making and perfecting a patent application, are research and experimental costs. Federal tax forms 2010 However, costs paid or incurred to obtain another's patent are not research and experimental costs. Federal tax forms 2010 Product. Federal tax forms 2010   The term “product” includes any of the following items. Federal tax forms 2010 Formula. Federal tax forms 2010 Invention. Federal tax forms 2010 Patent. Federal tax forms 2010 Pilot model. Federal tax forms 2010 Process. Federal tax forms 2010 Technique. Federal tax forms 2010 Property similar to the items listed above. Federal tax forms 2010 It also includes products used by you in your trade or business or held for sale, lease, or license. Federal tax forms 2010 Costs not included. Federal tax forms 2010   Research and experimental costs do not include expenses for any of the following activities. Federal tax forms 2010 Advertising or promotions. Federal tax forms 2010 Consumer surveys. Federal tax forms 2010 Efficiency surveys. Federal tax forms 2010 Management studies. Federal tax forms 2010 Quality control testing. Federal tax forms 2010 Research in connection with literary, historical, or similar projects. Federal tax forms 2010 The acquisition of another's patent, model, production, or process. Federal tax forms 2010 When and how to elect. Federal tax forms 2010   You make the election to deduct research and experimental costs by deducting them on your tax return for the year in which you first pay or incur research and experimental costs. Federal tax forms 2010 If you do not make the election to deduct research and experimental costs in the first year in which you pay or incur the costs, you can deduct the costs in a later year only with approval from the IRS. Federal tax forms 2010 Deducting or Amortizing Research and Experimentation Costs IF you . Federal tax forms 2010 . Federal tax forms 2010 . Federal tax forms 2010 THEN . Federal tax forms 2010 . Federal tax forms 2010 . Federal tax forms 2010 Elect to deduct research and experimental costs as a current business expense Deduct all research and experimental costs in the first year you pay or incur the costs and all later years. Federal tax forms 2010 Do not deduct research and experimental costs as a current business expense If you meet the requirements, amortize them over at least 60 months, starting with the month you first receive an economic benefit from the research. Federal tax forms 2010 See Research and Experimental Costs in chapter 8. Federal tax forms 2010 Research credit. Federal tax forms 2010   If you pay or incur qualified research expenses, you may be able to take the research credit. Federal tax forms 2010 For more information see Form 6765, Credit for Increasing Research Activities and its instructions. Federal tax forms 2010 Intangible Drilling Costs The costs of developing oil, gas, or geothermal wells are ordinarily capital expenditures. Federal tax forms 2010 You can usually recover them through depreciation or depletion. Federal tax forms 2010 However, you can elect to deduct intangible drilling costs (IDCs) as a current business expense. Federal tax forms 2010 These are certain drilling and development costs for wells in the United States in which you hold an operating or working interest. Federal tax forms 2010 You can deduct only costs for drilling or preparing a well for the production of oil, gas, or geothermal steam or hot water. Federal tax forms 2010 You can elect to deduct only the costs of items with no salvage value. Federal tax forms 2010 These include wages, fuel, repairs, hauling, and supplies related to drilling wells and preparing them for production. Federal tax forms 2010 Your cost for any drilling or development work done by contractors under any form of contract is also an IDC. Federal tax forms 2010 However, see Amounts paid to contractor that must be capitalized , later. Federal tax forms 2010 You can also elect to deduct the cost of drilling exploratory bore holes to determine the location and delineation of offshore hydrocarbon deposits if the shaft is capable of conducting hydrocarbons to the surface on completion. Federal tax forms 2010 It does not matter whether there is any intent to produce hydrocarbons. Federal tax forms 2010 If you do not elect to deduct your IDCs as a current business expense, you can elect to deduct them over the 60-month period beginning with the month they were paid or incurred. Federal tax forms 2010 Amounts paid to contractor that must be capitalized. Federal tax forms 2010   Amounts paid to a contractor must be capitalized if they are either: Amounts properly allocable to the cost of depreciable property, or Amounts paid only out of production or proceeds from production if these amounts are depletable income to the recipient. Federal tax forms 2010 How to make the election. Federal tax forms 2010   You elect to deduct IDCs as a current business expense by taking the deduction on your income tax return for the first tax year you have eligible costs. Federal tax forms 2010 No formal statement is required. Federal tax forms 2010 If you file Schedule C (Form 1040), enter these costs under “Other expenses. Federal tax forms 2010 ”   For oil and gas wells, your election is binding for the year it is made and for all later years. Federal tax forms 2010 For geothermal wells, your election can be revoked by the filing of an amended return on which you do not take the deduction. Federal tax forms 2010 You can file the amended return for the year up to the normal time of expiration for filing a claim for credit or refund, generally, within 3 years after the date you filed the original return or within 2 years after the date you paid the tax, whichever is later. Federal tax forms 2010 Energy credit for costs of geothermal wells. Federal tax forms 2010   If you capitalize the drilling and development costs of geothermal wells that you place in service during the tax year, you may be able to claim a business energy credit. Federal tax forms 2010 See the Instructions for Form 3468 for more information. Federal tax forms 2010 Nonproductive well. Federal tax forms 2010   If you capitalize your IDCs, you have another option if the well is nonproductive. Federal tax forms 2010 You can deduct the IDCs of the nonproductive well as an ordinary loss. Federal tax forms 2010 You must indicate and clearly state your election on your tax return for the year the well is completed. Federal tax forms 2010 Once made, the election for oil and gas wells is binding for all later years. Federal tax forms 2010 You can revoke your election for a geothermal well by filing an amended return that does not claim the loss. Federal tax forms 2010 Costs incurred outside the United States. Federal tax forms 2010   You cannot deduct as a current business expense all the IDCs paid or incurred for an oil, gas, or geothermal well located outside the United States. Federal tax forms 2010 However, you can elect to include the costs in the adjusted basis of the well to figure depletion or depreciation. Federal tax forms 2010 If you do not make this election, you can deduct the costs over the 10-year period beginning with the tax year in which you paid or incurred them. Federal tax forms 2010 These rules do not apply to a nonproductive well. Federal tax forms 2010 Exploration Costs The costs of determining the existence, location, extent, or quality of any mineral deposit are ordinarily capital expenditures if the costs lead to the development of a mine. Federal tax forms 2010 You recover these costs through depletion as the mineral is removed from the ground. Federal tax forms 2010 However, you can elect to deduct domestic exploration costs paid or incurred before the beginning of the development stage of the mine (except those for oil and gas wells). Federal tax forms 2010 How to make the election. Federal tax forms 2010   You elect to deduct exploration costs by taking the deduction on your income tax return, or on an amended income tax return, for the first tax year for which you wish to deduct the costs paid or incurred during the tax year. Federal tax forms 2010 Your return must adequately describe and identify each property or mine, and clearly state how much is being deducted for each one. Federal tax forms 2010 The election applies to the tax year you make this election and all later tax years. Federal tax forms 2010 Partnerships and S corporations. Federal tax forms 2010   Each partner, not the partnership, elects whether to capitalize or to deduct that partner's share of exploration costs. Federal tax forms 2010 Each shareholder, not the S corporation, elects whether to capitalize or to deduct that shareholder's share of exploration costs. Federal tax forms 2010 Reduced corporate deductions for exploration costs. Federal tax forms 2010   A corporation (other than an S corporation) can deduct only 70% of its domestic exploration costs. Federal tax forms 2010 It must capitalize the remaining 30% of costs and amortize them over the 60-month period starting with the month the exploration costs are paid or incurred. Federal tax forms 2010 A corporation may also elect to capitalize and amortize mining exploration costs over a 10-year period. Federal tax forms 2010 For more information on this method of amortization, see Internal Revenue Code section 59(e). Federal tax forms 2010   The 30% the corporation capitalizes cannot be added to its basis in the property to figure cost depletion. Federal tax forms 2010 However, the amount amortized is treated as additional depreciation and is subject to recapture as ordinary income on a disposition of the property. Federal tax forms 2010 See Section 1250 Property under Depreciation Recapture in chapter 3 of Publication 544. Federal tax forms 2010   These rules also apply to the deduction of development costs by corporations. Federal tax forms 2010 See Development Costs , later. Federal tax forms 2010 Recapture of exploration expenses. Federal tax forms 2010   When your mine reaches the producing stage, you must recapture any exploration costs you elected to deduct. Federal tax forms 2010 Use either of the following methods. Federal tax forms 2010 Method 1—Include the deducted costs in gross income for the tax year the mine reaches the producing stage. Federal tax forms 2010 Your election must be clearly indicated on the return. Federal tax forms 2010 Increase your adjusted basis in the mine by the amount included in income. Federal tax forms 2010 Generally, you must elect this recapture method by the due date (including extensions) of your return. Federal tax forms 2010 However, if you timely filed your return for the year without making the election, you can still make the election by filing an amended return within 6 months of the due date of the return (excluding extensions). Federal tax forms 2010 Make the election on your amended return and write “Filed pursuant to section 301. Federal tax forms 2010 9100-2” on the form where you are including the income. Federal tax forms 2010 File the amended return at the same address you filed the original return. Federal tax forms 2010 Method 2—Do not claim any depletion deduction for the tax year the mine reaches the producing stage and any later tax years until the depletion you would have deducted equals the exploration costs you deducted. Federal tax forms 2010   You also must recapture deducted exploration costs if you receive a bonus or royalty from mine property before it reaches the producing stage. Federal tax forms 2010 Do not claim any depletion deduction for the tax year you receive the bonus or royalty and any later tax years until the depletion you would have deducted equals the exploration costs you deducted. Federal tax forms 2010   Generally, if you dispose of the mine before you have fully recaptured the exploration costs you deducted, recapture the balance by treating all or part of your gain as ordinary income. Federal tax forms 2010 Under these circumstances, you generally treat as ordinary income all of your gain if it is less than your adjusted exploration costs with respect to the mine. Federal tax forms 2010 If your gain is more than your adjusted exploration costs, treat as ordinary income only a part of your gain, up to the amount of your adjusted exploration costs. Federal tax forms 2010 Foreign exploration costs. Federal tax forms 2010   If you pay or incur exploration costs for a mine or other natural deposit located outside the United States, you cannot deduct all the costs in the current year. Federal tax forms 2010 You can elect to include the costs (other than for an oil, gas, or geothermal well) in the adjusted basis of the mineral property to figure cost depletion. Federal tax forms 2010 (Cost depletion is discussed in chapter 9 . Federal tax forms 2010 ) If you do not make this election, you must deduct the costs over the 10-year period beginning with the tax year in which you pay or incur them. Federal tax forms 2010 These rules also apply to foreign development costs. Federal tax forms 2010 Development Costs You can deduct costs paid or incurred during the tax year for developing a mine or any other natural deposit (other than an oil or gas well) located in the United States. Federal tax forms 2010 These costs must be paid or incurred after the discovery of ores or minerals in commercially marketable quantities. Federal tax forms 2010 Development costs also include depreciation on improvements used in the development of ores or minerals and costs incurred for you by a contractor. Federal tax forms 2010 Development costs do not include the costs for the acquisition or improvement of depreciable property. Federal tax forms 2010 Instead of deducting development costs in the year paid or incurred, you can elect to treat the cost as deferred expenses and deduct them ratably as the units of produced ores or minerals benefited by the expenses are sold. Federal tax forms 2010 This election applies each tax year to expenses paid or incurred in that year. Federal tax forms 2010 Once made, the election is binding for the year and cannot be revoked for any reason. Federal tax forms 2010 How to make the election. Federal tax forms 2010   The election to deduct development costs ratably as the ores or minerals are sold must be made for each mine or other natural deposit by a clear indication on your return or by a statement filed with the IRS office where you file your return. Federal tax forms 2010 Generally, you must make the election by the due date of the return (including extensions). Federal tax forms 2010 However, if you timely filed your return for the year without making the election, you can still make the election by filing an amended return within 6 months of the due date of the return (excluding extensions). Federal tax forms 2010 Clearly indicate the election on your amended return and write “Filed pursuant to section 301. Federal tax forms 2010 9100-2. Federal tax forms 2010 ” File the amended return at the same address you filed the original return. Federal tax forms 2010 Foreign development costs. Federal tax forms 2010   The rules discussed earlier for foreign exploration costs apply to foreign development costs. Federal tax forms 2010 Reduced corporate deductions for development costs. Federal tax forms 2010   The rules discussed earlier for reduced corporate deductions for exploration costs also apply to corporate deductions for development costs. Federal tax forms 2010 Circulation Costs A publisher can deduct as a current business expense the costs of establishing, maintaining, or increasing the circulation of a newspaper, magazine, or other periodical. Federal tax forms 2010 For example, a publisher can deduct the cost of hiring extra employees for a limited time to get new subscriptions through telephone calls. Federal tax forms 2010 Circulation costs are deductible even if they normally would be capitalized. Federal tax forms 2010 This rule does not apply to the following costs that must be capitalized. Federal tax forms 2010 The purchase of land or depreciable property. Federal tax forms 2010 The acquisition of circulation through the purchase of any part of the business of another publisher of a newspaper, magazine, or other periodical, including the purchase of another publisher's list of subscribers. Federal tax forms 2010 Other treatment of circulation costs. Federal tax forms 2010   If you do not want to deduct circulation costs as a current business expense, you can elect one of the following ways to recover these costs. Federal tax forms 2010 Capitalize all circulation costs that are properly chargeable to a capital account (see chapter 1 ). Federal tax forms 2010 Amortize circulation costs over the 3-year period beginning with the tax year they were paid or incurred. Federal tax forms 2010 How to make the election. Federal tax forms 2010   You elect to capitalize circulation costs by attaching a statement to your return for the first tax year the election applies. Federal tax forms 2010 Your election is binding for the year it is made and for all later years, unless you get IRS approval to revoke it. Federal tax forms 2010 Business Start-Up and Organizational Costs Business start-up and organizational costs are generally capital expenditures. Federal tax forms 2010 However, you can elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred after October 22, 2004. Federal tax forms 2010 The $5,000 deduction is reduced by the amount your total start-up or organizational costs exceed $50,000. Federal tax forms 2010 Any remaining costs must be amortized. Federal tax forms 2010 For information about amortizing start-up and organizational costs, see chapter 8 . Federal tax forms 2010 Start-up costs include any amounts paid or incurred in connection with creating an active trade or business or investigating the creation or acquisition of an active trade or business. Federal tax forms 2010 Organizational costs include the costs of creating a corporation. Federal tax forms 2010 For more information on start-up and organizational costs, see chapter 8 . Federal tax forms 2010 How to make the election. Federal tax forms 2010   You elect to deduct the start-up or organizational costs by claiming the deduction on your income tax return (filed by the due date including extensions) for the tax year in which the active trade or business begins. Federal tax forms 2010 However, if you timely filed your return for the year without making the election, you can still make the election by filing an amended return within 6 months of the due date of the return (excluding extensions). Federal tax forms 2010 Clearly indicate the election on your amended return and write “Filed pursuant to section 301. Federal tax forms 2010 9100-2. Federal tax forms 2010 ” File the amended return at the same address you filed the original return. Federal tax forms 2010 The election applies when computing taxable income for the current tax year and all subsequent years. Federal tax forms 2010 Reforestation Costs Reforestation costs are generally capital expenditures. Federal tax forms 2010 However, you can elect to deduct up to $10,000 ($5,000 if married filing separately; $0 for a trust) of qualifying reforestation costs paid or incurred after October 22, 2004, for each qualified timber property. Federal tax forms 2010 The remaining costs can be amortized over an 84-month period. Federal tax forms 2010 For information about amortizing reforestation costs, see chapter 8 . Federal tax forms 2010 Qualifying reforestation costs are the direct costs of planting or seeding for forestation or reforestation. Federal tax forms 2010 Qualified timber property is property that contains trees in significant commercial quantities. Federal tax forms 2010 See chapter 8 for more information on qualifying reforestation costs and qualified timber property. Federal tax forms 2010 If you elect to deduct qualified reforestation costs, create and maintain separate timber accounts for each qualified timber property and include all reforestation costs and the dates each was applied. Federal tax forms 2010 Do not include this qualified timber property in any account (for example, depletion block) for which depletion is allowed. Federal tax forms 2010 How to make the election. Federal tax forms 2010   You elect to deduct qualifying reforestation costs by claiming the deduction on your timely filed income tax return (including extensions) for the tax year the expenses were paid or incurred. Federal tax forms 2010 If Form T (Timber), Forest Activities Schedule, is required, complete Part IV of Form T. Federal tax forms 2010 If Form T is not required, attach a statement containing the following information for each qualified timber property for which an election is being made. Federal tax forms 2010 The unique stand identification numbers. Federal tax forms 2010 The total number of acres reforested during the tax year. Federal tax forms 2010 The nature of the reforestation treatments. Federal tax forms 2010 The total amounts of qualified reforestation expenditures eligible to be amortized or deducted. Federal tax forms 2010   If you timely filed your return for the year without making the election, you can still make the election by filing an amended return within 6 months of the due date of the return (excluding extensions). Federal tax forms 2010 Clearly indicate the election on your amended return and write “Filed pursuant to section 301. Federal tax forms 2010 9100-2. Federal tax forms 2010 ” File the amended return at the same address you filed the original return. Federal tax forms 2010 The election applies when computing taxable income for the current tax year and all subsequent years. Federal tax forms 2010   For additional information on reforestation costs, see chapter 8 . Federal tax forms 2010 Recapture. Federal tax forms 2010   This deduction may have to be recaptured as ordinary income under section 1245 when you sell or otherwise dispose of the property that would have received an addition to basis if you had not elected to deduct the expenditure. Federal tax forms 2010 For more information on recapturing the deduction, see Depreciation Recapture in Publication 544. Federal tax forms 2010 Retired Asset Removal Costs If you retire and remove a depreciable asset in connection with the installation or production of a replacement asset, you can deduct the costs of removing the retired asset. Federal tax forms 2010 However, if you replace a component (part) of a depreciable asset, capitalize the removal costs if the replacement is an improvement and deduct the costs if the replacement is a repair. Federal tax forms 2010 Barrier Removal Costs The cost of an improvement to a business asset is normally a capital expense. Federal tax forms 2010 However, you can elect to deduct the costs of making a facility or public transportation vehicle more accessible to and usable by those who are disabled or elderly. Federal tax forms 2010 You must own or lease the facility or vehicle for use in connection with your trade or business. Federal tax forms 2010 A facility is all or any part of buildings, structures, equipment, roads, walks, parking lots, or similar real or personal property. Federal tax forms 2010 A public transportation vehicle is a vehicle, such as a bus or railroad car, that provides transportation service to the public (including service for your customers, even if you are not in the business of providing transportation services). Federal tax forms 2010 You cannot deduct any costs that you paid or incurred to completely renovate or build a facility or public transportation vehicle or to replace depreciable property in the normal course of business. Federal tax forms 2010 Deduction limit. Federal tax forms 2010   The most you can deduct as a cost of removing barriers to the disabled and the elderly for any tax year is $15,000. Federal tax forms 2010 However, you can add any costs over this limit to the basis of the property and depreciate these excess costs. Federal tax forms 2010 Partners and partnerships. Federal tax forms 2010   The $15,000 limit applies to a partnership and also to each partner in the partnership. Federal tax forms 2010 A partner can allocate the $15,000 limit in any manner among the partner's individually incurred costs and the partner's distributive share of partnership costs. Federal tax forms 2010 If the partner cannot deduct the entire share of partnership costs, the partnership can add any costs not deducted to the basis of the improved property. Federal tax forms 2010   A partnership must be able to show that any amount added to basis was not deducted by the partner and that it was over a partner's $15,000 limit (as determined by the partner). Federal tax forms 2010 If the partnership cannot show this, it is presumed that the partner was able to deduct the distributive share of the partnership's costs in full. Federal tax forms 2010 Example. Federal tax forms 2010 Emilio Azul's distributive share of ABC partnership's deductible expenses for the removal of architectural barriers was $14,000. Federal tax forms 2010 Emilio had $12,000 of similar expenses in his sole proprietorship. Federal tax forms 2010 He elected to deduct $7,000 of them. Federal tax forms 2010 Emilio allocated the remaining $8,000 of the $15,000 limit to his share of ABC's expenses. Federal tax forms 2010 Emilio can add the excess $5,000 of his own expenses to the basis of the property used in his business. Federal tax forms 2010 Also, if ABC can show that Emilio could not deduct $6,000 ($14,000 – $8,000) of his share of the partnership's expenses because of how Emilio applied the limit, ABC can add $6,000 to the basis of its property. Federal tax forms 2010 Qualification standards. Federal tax forms 2010   You can deduct your costs as a current expense only if the barrier removal meets the guidelines and requirements issued by the Architectural and Transportation Barriers Compliance Board under the Americans with Disabilities Act (ADA) of 1990. Federal tax forms 2010 You can view the Americans with Disabilities Act at www. Federal tax forms 2010 ada. Federal tax forms 2010 gov/pubs/ada. Federal tax forms 2010 htm. Federal tax forms 2010   The following is a list of some architectural barrier removal costs that can be deducted. Federal tax forms 2010 Ground and floor surfaces. Federal tax forms 2010 Walks. Federal tax forms 2010 Parking lots. Federal tax forms 2010 Ramps. Federal tax forms 2010 Entrances. Federal tax forms 2010 Doors and doorways. Federal tax forms 2010 Stairs. Federal tax forms 2010 Floors. Federal tax forms 2010 Toilet rooms. Federal tax forms 2010 Water fountains. Federal tax forms 2010 Public telephones. Federal tax forms 2010 Elevators. Federal tax forms 2010 Controls. Federal tax forms 2010 Signage. Federal tax forms 2010 Alarms. Federal tax forms 2010 Protruding objects. Federal tax forms 2010 Symbols of accessibility. Federal tax forms 2010 You can find the ADA guidelines and requirements for architectural barrier removal at www. Federal tax forms 2010 usdoj. Federal tax forms 2010 gov/crt/ada/reg3a. Federal tax forms 2010 html. Federal tax forms 2010   The costs for removal of transportation barriers from rail facilities, buses, and rapid and light rail vehicles are deductible. Federal tax forms 2010 You can find the guidelines and requirements for transportation barrier removal at www. Federal tax forms 2010 fta. Federal tax forms 2010 dot. Federal tax forms 2010 gov. Federal tax forms 2010   Also, you can access the ADA website at www. Federal tax forms 2010 ada. Federal tax forms 2010 gov for additional information. Federal tax forms 2010 Other barrier removals. Federal tax forms 2010   To be deductible, expenses of removing any barrier not covered by the above standards must meet all three of the following tests. Federal tax forms 2010 The removed barrier must be a substantial barrier to access or use of a facility or public transportation vehicle by persons who have a disability or are elderly. Federal tax forms 2010 The removed barrier must have been a barrier for at least one major group of persons who have a disability or are elderly (such as people who are blind, deaf, or wheelchair users). Federal tax forms 2010 The barrier must be removed without creating any new barrier that significantly impairs access to or use of the facility or vehicle by a major group of persons who have a disability or are elderly. Federal tax forms 2010 How to make the election. Federal tax forms 2010   If you elect to deduct your costs for removing barriers to the disabled or the elderly, claim the deduction on your income tax return (partnership return for partnerships) for the tax year the expenses were paid or incurred. Federal tax forms 2010 Identify the deduction as a separate item. Federal tax forms 2010 The election applies to all the qualifying costs you have during the year, up to the $15,000 limit. Federal tax forms 2010 If you make this election, you must maintain adequate records to support your deduction. Federal tax forms 2010   For your election to be valid, you generally must file your return by its due date, including extensions. Federal tax forms 2010 However, if you timely filed your return for the year without making the election, you can still make the election by filing an amended return within 6 months of the due date of the return (excluding extensions). Federal tax forms 2010 Clearly indicate the election on your amended return and write “Filed pursuant to section 301. Federal tax forms 2010 9100-2. Federal tax forms 2010 ” File the amended return at the same address you filed the original return. Federal tax forms 2010 Your election is irrevocable after the due date, including extensions, of your return. Federal tax forms 2010 Disabled access credit. Federal tax forms 2010   If you make your business accessible to persons with disabilities and your business is an eligible small business, you may be able to claim the disabled access credit. Federal tax forms 2010 If you choose to claim the credit, you must reduce the amount you deduct or capitalize by the amount of the credit. Federal tax forms 2010   For more information, see Form 8826, Disabled Access Credit. Federal tax forms 2010 Film and Television Production Costs Film and television production costs are generally capital expenses. Federal tax forms 2010 However, you can elect to deduct costs paid or incurred for certain productions commencing before January 1, 2014. Federal tax forms 2010 For more information, see section 181 of the Internal Revenue Code and the related Treasury Regulations. Federal tax forms 2010 Prev  Up  Next   Home   More Online Publications