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Filing 1040nr Ez

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Filing 1040nr Ez

Filing 1040nr ez Publication 15-B - Introductory Material Table of Contents Future Developments What's New Reminders Introduction Future Developments For the latest information about developments related to Publication 15-B, such as legislation enacted after it was published, go to www. Filing 1040nr ez irs. Filing 1040nr ez gov/pub15b. Filing 1040nr ez What's New Cents-per-mile rule. Filing 1040nr ez  The business mileage rate for 2014 is 56 cents per mile. Filing 1040nr ez You may use this rate to reimburse an employee for business use of a personal vehicle, and under certain conditions, you may use the rate under the cents-per-mile rule to value the personal use of a vehicle you provide to an employee. Filing 1040nr ez See Cents-Per-Mile Rule in section 3. Filing 1040nr ez Qualified parking exclusion and commuter transportation benefit. Filing 1040nr ez . Filing 1040nr ez  For 2014, the monthly exclusion for qualified parking is $250 and the monthly exclusion for commuter highway vehicle transportation and transit passes is $130. Filing 1040nr ez See Qualified Transportation Benefits in section 2. Filing 1040nr ez Same-sex Marriage. Filing 1040nr ez  For federal tax purposes, individuals of the same sex are considered married if they were lawfully married in a state (or foreign country) whose laws authorize the marriage of two individuals of the same sex, even if the state (or foreign country) in which they now live does not recognize same-sex marriage. Filing 1040nr ez For more information, see Revenue Ruling 2013-17, 2013-38 I. Filing 1040nr ez R. Filing 1040nr ez B. Filing 1040nr ez 201, available at www. Filing 1040nr ez irs. Filing 1040nr ez gov/irb/2013-38_IRB/ar07. Filing 1040nr ez html. Filing 1040nr ez Notice 2013-61 provides special administrative procedures for employers to make claims for refund or adjustments of overpayments of social security and Medicare taxes with respect to certain same-sex spouse benefits before expiration of the period of limitations. Filing 1040nr ez Notice 2013-61, 2013-44 I. Filing 1040nr ez R. Filing 1040nr ez B. Filing 1040nr ez 432, is available at www. Filing 1040nr ez irs. Filing 1040nr ez gov/irb/2013-44_IRB/ar10. Filing 1040nr ez html. Filing 1040nr ez Recent changes to certain rules for cafeteria plans. Filing 1040nr ez  Notice 2013-71, 2013-47 I. Filing 1040nr ez R. Filing 1040nr ez B. Filing 1040nr ez 532, available at www. Filing 1040nr ez irs. Filing 1040nr ez gov/irb/2013-47_IRB/ar10. Filing 1040nr ez html, discusses recent changes to the “use-or-lose” rule for health flexible spending arrangements (FSAs) and clarifies the transitional rule for 2013-2014 non-calendar year salary reduction elections. Filing 1040nr ez See Notice 2013-71 for details on these changes. Filing 1040nr ez Reminders $2,500 limit on a health flexible spending arrangement (FSA). Filing 1040nr ez  For plan years beginning after December 31, 2012, a cafeteria plan may not allow an employee to request salary reduction contributions for a health FSA in excess of $2,500. Filing 1040nr ez For plan years beginning after December 31, 2013, the limit is unchanged at $2,500. Filing 1040nr ez For more information, see Cafeteria Plans in section 1. Filing 1040nr ez Additional Medicare Tax withholding. Filing 1040nr ez  In addition to withholding Medicare tax at 1. Filing 1040nr ez 45%, you must withhold a 0. Filing 1040nr ez 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. Filing 1040nr ez You are required to begin withholding Additional Medicare Tax in the pay period in which you pay wages in excess of $200,000 to an employee and continue to withhold it each pay period until the end of the calendar year. Filing 1040nr ez Additional Medicare Tax is only imposed on the employee. Filing 1040nr ez There is no employer share of Additional Medicare Tax. Filing 1040nr ez All wages that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. Filing 1040nr ez Unless otherwise noted, references to Medicare tax include Additional Medicare Tax. Filing 1040nr ez For more information on what wages are subject to Medicare tax, see Table 2-1, later, and the chart, Special Rules for Various Types of Services and Payments, in section 15 of Publication 15, (Circular E), Employer's Tax Guide. Filing 1040nr ez For more information on Additional Medicare Tax, visit IRS. Filing 1040nr ez gov and enter “Additional Medicare Tax” in the search box. Filing 1040nr ez Photographs of missing children. Filing 1040nr ez  The IRS is a proud partner with the National Center for Missing and Exploited Children. Filing 1040nr ez Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Filing 1040nr ez 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. Filing 1040nr ez Introduction This publication supplements Publication 15 (Circular E), Employer's Tax Guide, and Publication 15-A, Employer's Supplemental Tax Guide. Filing 1040nr ez It contains information for employers on the employment tax treatment of fringe benefits. Filing 1040nr ez Comments and suggestions. Filing 1040nr ez   We welcome your comments about this publication and your suggestions for future editions. Filing 1040nr ez   You can write to us at the following address:  Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Filing 1040nr ez NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Filing 1040nr ez Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Filing 1040nr ez   You can also send us comments from www. Filing 1040nr ez irs. Filing 1040nr ez gov/formspubs. Filing 1040nr ez Click on More Information and then click on Comment on Tax Forms and Publications. Filing 1040nr ez   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. Filing 1040nr ez Prev  Up  Next   Home   More Online Publications
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The Filing 1040nr Ez

Filing 1040nr ez Internal Revenue Bulletin:  2012-14  April 2, 2012  Rev. Filing 1040nr ez Proc. Filing 1040nr ez 2012-23 Table of Contents SECTION 1. Filing 1040nr ez PURPOSE SECTION 2. Filing 1040nr ez BACKGROUND SECTION 3. Filing 1040nr ez SCOPE SECTION 4. Filing 1040nr ez APPLICATION. Filing 1040nr ez 01 Limitations on Depreciation Deductions for Certain Automobiles. Filing 1040nr ez . Filing 1040nr ez 02 Inclusions in Income of Lessees of Passenger Automobiles. Filing 1040nr ez SECTION 5. Filing 1040nr ez EFFECTIVE DATE SECTION 6. Filing 1040nr ez DRAFTING INFORMATION SECTION 1. Filing 1040nr ez PURPOSE This revenue procedure provides: (1) limitations on depreciation deductions for owners of passenger automobiles first placed in service by the taxpayer during calendar year 2012, including separate tables of limitations on depreciation deductions for trucks and vans; and (2) the amounts that must be included in income by lessees of passenger automobiles first leased by the taxpayer during calendar year 2012, including a separate table of inclusion amounts for lessees of trucks and vans. Filing 1040nr ez The tables detailing these depreciation limitations and lessee inclusion amounts reflect the automobile price inflation adjustments required by § 280F(d)(7) of the Internal Revenue Code. Filing 1040nr ez SECTION 2. Filing 1040nr ez BACKGROUND . Filing 1040nr ez 01 For owners of passenger automobiles, § 280F(a) imposes dollar limitations on the depreciation deduction for the year the taxpayer places the passenger automobile in service and for each succeeding year. Filing 1040nr ez For passenger automobiles placed in service after 1988, § 280F(d)(7) requires the Internal Revenue Service to increase the amounts allowable as depreciation deductions by a price inflation adjustment amount. Filing 1040nr ez The method of calculating this price inflation amount for trucks and vans placed in service in or after calendar year 2003 uses a different CPI “automobile component” (the “new trucks” component) than that used in the price inflation amount calculation for other passenger automobiles (the “new cars” component), resulting in somewhat higher depreciation deductions for trucks and vans. Filing 1040nr ez This change reflects the higher rate of price inflation for trucks and vans since 1988. Filing 1040nr ez . Filing 1040nr ez 02 Section 401(a) of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, Pub. Filing 1040nr ez L. Filing 1040nr ez No. Filing 1040nr ez 111-312, 124 Stat. Filing 1040nr ez 3296 (Dec. Filing 1040nr ez 17, 2010) (the “Act”) extended the 50 percent additional first year depreciation deduction under § 168(k) to qualified property acquired by the taxpayer after December 31, 2007, and before January 1, 2013, if no written binding contract for the acquisition of the property existed before January 1, 2008, and if the taxpayer places the property in service generally before January 1, 2013. Filing 1040nr ez Section 168(k)(2)(F)(i) increases the first year depreciation allowed under § 280F(a)(1)(A)(i) by $8,000 for passenger automobiles to which the additional first year depreciation deduction under § 168(k) (hereinafter, referred to as “§ 168(k) additional first year depreciation deduction”) applies. Filing 1040nr ez . Filing 1040nr ez 03 Section 168(k)(2)(D)(i) provides that the § 168(k) additional first year depreciation deduction does not apply to any property required to be depreciated under the alternative depreciation system of § 168(g), including property described in § 280F(b)(1). Filing 1040nr ez Section 168(k)(2)(D)(iii) permits a taxpayer to elect out of the § 168(k) additional first year depreciation deduction for any class of property. Filing 1040nr ez Section 168(k)(4), as amended by the Act, permits a corporation to elect to increase the alternative minimum tax (“AMT”) credit limitation under § 53(c), instead of claiming the § 168(k) additional first year depreciation deduction for all eligible qualified property placed in service after December 31, 2010, that is round 2 extension property (as defined in § 168(k)(4)(I)(iv)). Filing 1040nr ez Accordingly, this revenue procedure provides tables for passenger automobiles for which the § 168(k) additional first year depreciation deduction applies. Filing 1040nr ez This revenue procedure also provides tables for passenger automobiles for which the § 168(k) additional first year depreciation deduction does not apply, either because taxpayer (1) purchased the passenger automobile used; (2) did not use the passenger automobile during 2012 more than 50 percent for business purposes; (3) elected out of the § 168(k) additional first year depreciation deduction pursuant to § 168(k)(2)(D)(iii); or (4) elected to increase the § 53 AMT credit limitation in lieu of claiming § 168(k) additional first year depreciation. Filing 1040nr ez . Filing 1040nr ez 04 Section 280F(c) requires a reduction in the deduction allowed to the lessee of a leased passenger automobile. Filing 1040nr ez The reduction must be substantially equivalent to the limitations on the depreciation deductions imposed on owners of passenger automobiles. Filing 1040nr ez Under § 1. Filing 1040nr ez 280F-7(a) of the Income Tax Regulations, this reduction requires a lessee to include in gross income an amount determined by applying a formula to the amount obtained from a table. Filing 1040nr ez One table applies to lessees of trucks and vans and another table applies to all other passenger automobiles. Filing 1040nr ez Each table shows inclusion amounts for a range of fair market values for each taxable year after the passenger automobile is first leased. Filing 1040nr ez SECTION 3. Filing 1040nr ez SCOPE . Filing 1040nr ez 01 The limitations on depreciation deductions in section 4. Filing 1040nr ez 01(2) of this revenue procedure apply to passenger automobiles (other than leased passenger automobiles) that are placed in service by the taxpayer in calendar year 2012, and continue to apply for each taxable year that the passenger automobile remains in service. Filing 1040nr ez . Filing 1040nr ez 02 The tables in section 4. Filing 1040nr ez 02 of this revenue procedure apply to leased passenger automobiles for which the lease term begins during calendar year 2012. Filing 1040nr ez Lessees of these passenger automobiles must use these tables to determine the inclusion amount for each taxable year during which the passenger automobile is leased. Filing 1040nr ez See Rev. Filing 1040nr ez Proc. Filing 1040nr ez 2007-30, 2007-1 C. Filing 1040nr ez B. Filing 1040nr ez 1104, for passenger automobiles first leased during calendar year 2007; Rev. Filing 1040nr ez Proc. Filing 1040nr ez 2008-22, 2008-1 C. Filing 1040nr ez B. Filing 1040nr ez 658, for passenger automobiles first leased during calendar year 2008; Rev. Filing 1040nr ez Proc. Filing 1040nr ez 2009-24, 2009-17 I. Filing 1040nr ez R. Filing 1040nr ez B. Filing 1040nr ez 885, for passenger automobiles first leased during calendar year 2009; Rev. Filing 1040nr ez Proc. Filing 1040nr ez 2010-18, 2010-9 I. Filing 1040nr ez R. Filing 1040nr ez B. Filing 1040nr ez 427, as amplified and modified by section 4. Filing 1040nr ez 03 of Rev. Filing 1040nr ez Proc. Filing 1040nr ez 2011-21, 2011-12 I. Filing 1040nr ez R. Filing 1040nr ez B. Filing 1040nr ez 560, for passenger automobiles first leased during calendar year 2010; and Rev. Filing 1040nr ez Proc. Filing 1040nr ez 2011-21, for passenger automobiles first leased during calendar year 2011. Filing 1040nr ez SECTION 4. Filing 1040nr ez APPLICATION . Filing 1040nr ez 01 Limitations on Depreciation Deductions for Certain Automobiles. Filing 1040nr ez (1) Amount of the inflation adjustment. Filing 1040nr ez (a) Passenger automobiles (other than trucks or vans). Filing 1040nr ez Under § 280F(d)(7)(B)(i), the automobile price inflation adjustment for any calendar year is the percentage (if any) by which the CPI automobile component for October of the preceding calendar year exceeds the CPI automobile component for October 1987. Filing 1040nr ez Section 280F(d)(7)(B)(ii) defines the term “CPI automobile component” as the automobile component of the Consumer Price Index for all Urban Consumers published by the Department of Labor. Filing 1040nr ez The new car component of the CPI was 115. Filing 1040nr ez 2 for October 1987 and 143. Filing 1040nr ez 419 for October 2011. Filing 1040nr ez The October 2011 index exceeded the October 1987 index by 28. Filing 1040nr ez 219. Filing 1040nr ez Therefore, the automobile price inflation adjustment for 2012 for passenger automobiles (other than trucks and vans) is 24. Filing 1040nr ez 5 percent (28. Filing 1040nr ez 219/115. Filing 1040nr ez 2 x 100%). Filing 1040nr ez The dollar limitations in § 280F(a) are multiplied by a factor of 0. Filing 1040nr ez 245, and the resulting increases, after rounding to the nearest $100, are added to the 1988 limitations to give the depreciation limitations applicable to passenger automobiles (other than trucks and vans) for calendar year 2012. Filing 1040nr ez This adjustment applies to all passenger automobiles (other than trucks and vans) that are first placed in service in calendar year 2012. Filing 1040nr ez (b) Trucks and vans. Filing 1040nr ez To determine the dollar limitations for trucks and vans first placed in service during calendar year 2012, the Service uses the new truck component of the CPI instead of the new car component. Filing 1040nr ez The new truck component of the CPI was 112. Filing 1040nr ez 4 for October 1987 and 146. Filing 1040nr ez 607 for October 2011. Filing 1040nr ez The October 2011 index exceeded the October 1987 index by 34. Filing 1040nr ez 207. Filing 1040nr ez Therefore, the automobile price inflation adjustment for 2012 for trucks and vans is 30. Filing 1040nr ez 43 percent (34. Filing 1040nr ez 207/112. Filing 1040nr ez 4 x 100%). Filing 1040nr ez The dollar limitations in § 280F(a) are multiplied by a factor of 0. Filing 1040nr ez 3043, and the resulting increases, after rounding to the nearest $100, are added to the 1988 limitations to give the depreciation limitations for trucks and vans. Filing 1040nr ez This adjustment applies to all trucks and vans that are first placed in service in calendar year 2012. Filing 1040nr ez (2) Amount of the limitation. Filing 1040nr ez Tables 1 through 4 contain the dollar amount of the depreciation limitation for each taxable year for passenger automobiles a taxpayer places in service in calendar year 2012. Filing 1040nr ez Use Table 1 for a passenger automobile (other than a truck or van), and Table 2 for a truck or van, placed in service in calendar year 2012 for which the § 168(k) additional first year depreciation deduction applies. Filing 1040nr ez Use Table 3 for a passenger automobile (other than a truck or van), and Table 4 for a truck or van, placed in service in calendar year 2012 for which the § 168(k) additional first year depreciation deduction does not apply. Filing 1040nr ez REV. Filing 1040nr ez PROC. Filing 1040nr ez 2012-23 TABLE 1 DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) PLACED IN SERVICE IN CALENDAR YEAR 2012 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES Tax Year Amount 1st Tax Year $11,160 2nd Tax Year $5,100 3rd Tax Year $3,050 Each Succeeding Year $1,875 REV. Filing 1040nr ez PROC. Filing 1040nr ez 2012-23 TABLE 2 DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2012 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES Tax Year Amount 1st Tax Year $11,360 2nd Tax Year $5,300 3rd Tax Year $3,150 Each Succeeding Year $1,875 REV. Filing 1040nr ez PROC. Filing 1040nr ez 2012-23 TABLE 3 DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) PLACED IN SERVICE IN CALENDAR YEAR 2012 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION DOES NOT APPLY Tax Year Amount 1st Tax Year $3,160 2nd Tax Year $5,100 3rd Tax Year $3,050 Each Succeeding Year $1,875 REV. Filing 1040nr ez PROC. Filing 1040nr ez 2012-23 TABLE 4 DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2012 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION DOES NOT APPLY Tax Year Amount 1st Tax Year $3,360 2nd Tax Year $5,300 3rd Tax Year $3,150 Each Succeeding Year $1,875 . Filing 1040nr ez 02 Inclusions in Income of Lessees of Passenger Automobiles. Filing 1040nr ez A taxpayer must follow the procedures in § 1. Filing 1040nr ez 280F-7(a) for determining the inclusion amounts for passenger automobiles first leased in calendar year 2012. Filing 1040nr ez In applying these procedures, lessees of passenger automobiles other than trucks and vans should use Table 5 of this revenue procedure, while lessees of trucks and vans should use Table 6 of this revenue procedure. Filing 1040nr ez REV. Filing 1040nr ez PROC. Filing 1040nr ez 2012-23 TABLE 5 DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2012 Fair Market Value of Passenger Automobile Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th & Later $18,500 $19,000 2 4 5 6 8 19,000 19,500 2 4 7 7 9 19,500 20,000 2 5 8 8 10 20,000 20,500 3 5 9 10 11 20,500 21,000 3 6 9 12 12 21,000 21,500 3 7 10 12 14 21,500 22,000 3 8 11 13 16 22,000 23,000 4 8 13 15 17 23,000 24,000 4 10 15 17 20 24,000 25,000 5 11 17 19 23 25,000 26,000 6 12 19 21 26 26,000 27,000 6 14 20 24 28 27,000 28,000 7 15 22 26 31 28,000 29,000 7 16 25 28 33 29,000 30,000 8 18 25 32 35 30,000 31,000 9 19 27 34 38 31,000 32,000 9 20 30 36 41 32,000 33,000 10 21 32 38 43 33,000 34,000 10 23 33 41 46 34,000 35,000 11 24 35 43 49 35,000 36,000 12 25 37 45 52 36,000 37,000 12 27 39 47 54 37,000 38,000 13 28 41 49 57 38,000 39,000 13 29 43 52 59 39,000 40,000 14 30 45 54 62 40,000 41,000 14 32 47 56 65 41,000 42,000 15 33 49 58 68 42,000 43,000 16 34 51 61 70 43,000 44,000 16 36 52 63 73 44,000 45,000 17 37 54 66 75 45,000 46,000 17 38 57 67 78 46,000 47,000 18 39 59 70 80 47,000 48,000 19 40 61 72 83 48,000 49,000 19 42 62 75 86 49,000 50,000 20 43 64 77 89 50,000 51,000 20 45 66 79 91 51,000 52,000 21 46 68 81 94 52,000 53,000 21 47 70 84 96 53,000 54,000 22 48 72 86 99 54,000 55,000 23 49 74 88 102 55,000 56,000 23 51 76 90 104 56,000 57,000 24 52 78 92 107 57,000 58,000 24 54 79 95 110 58,000 59,000 25 55 81 97 113 59,000 60,000 26 56 83 100 115 60,000 62,000 26 58 86 103 119 62,000 64,000 28 60 90 108 124 64,000 66,000 29 63 94 112 129 66,000 68,000 30 66 97 117 135 68,000 70,000 31 68 102 121 140 70,000 72,000 32 71 105 126 145 72,000 74,000 33 74 109 130 151 74,000 76,000 35 76 113 135 156 76,000 78,000 36 78 117 140 161 78,000 80,000 37 81 120 145 166 80,000 85,000 39 86 127 152 176 85,000 90,000 42 92 137 163 189 90,000 95,000 45 98 147 175 202 95,000 100,000 48 105 155 187 215 100,000 110,000 52 115 170 203 235 110,000 120,000 58 127 189 227 262 120,000 130,000 64 140 208 250 288 130,000 140,000 70 153 227 272 315 140,000 150,000 75 166 246 296 340 150,000 160,000 81 179 265 318 368 160,000 170,000 87 192 284 341 394 170,000 180,000 93 204 304 364 420 180,000 190,000 99 217 323 387 446 190,000 200,000 105 230 342 409 473 200,000 210,000 111 243 361 432 499 210,000 220,000 116 256 380 455 526 220,000 230,000 122 269 399 478 552 230,000 240,000 128 282 418 501 578 240,000 and up 134 294 437 524 605 REV. Filing 1040nr ez PROC. Filing 1040nr ez 2012-23 TABLE 6 DOLLAR AMOUNTS FOR TRUCKS AND VANS WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2012 Fair Market Value of Truck or Van Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th & Later $19,000 $19,500 1 4 5 6 7 19,500 20,000 2 4 6 7 9 20,000 20,500 2 5 7 8 10 20,500 21,000 2 5 8 10 11 21,000 21,500 3 6 9 10 13 21,500 22,000 3 6 10 12 14 22,000 23,000 3 8 11 14 15 23,000 24,000 4 9 13 16 18 24,000 25,000 4 10 15 19 21 25,000 26,000 5 11 17 21 24 26,000 27,000 6 12 19 23 26 27,000 28,000 6 14 21 25 29 28,000 29,000 7 15 23 27 32 29,000 30,000 7 17 24 30 34 30,000 31,000 8 18 26 32 37 31,000 32,000 9 19 28 34 40 32,000 33,000 9 20 31 36 42 33,000 34,000 10 21 33 39 44 34,000 35,000 10 23 34 41 48 35,000 36,000 11 24 36 44 50 36,000 37,000 12 25 38 46 53 37,000 38,000 12 27 40 48 55 38,000 39,000 13 28 42 50 58 39,000 40,000 13 29 44 53 60 40,000 41,000 14 31 45 55 63 41,000 42,000 14 32 48 57 66 42,000 43,000 15 33 50 59 69 43,000 44,000 16 34 52 61 72 44,000 45,000 16 36 53 64 74 45,000 46,000 17 37 55 66 77 46,000 47,000 17 38 58 68 79 47,000 48,000 18 40 59 70 82 48,000 49,000 19 41 61 73 84 49,000 50,000 19 42 63 75 87 50,000 51,000 20 43 65 78 89 51,000 52,000 20 45 66 80 93 52,000 53,000 21 46 68 83 95 53,000 54,000 21 48 70 84 98 54,000 55,000 22 49 72 87 100 55,000 56,000 23 50 74 89 103 56,000 57,000 23 51 76 92 105 57,000 58,000 24 52 78 94 108 58,000 59,000 24 54 80 96 111 59,000 60,000 25 55 82 98 114 60,000 62,000 26 57 85 101 118 62,000 64,000 27 60 88 106 123 64,000 66,000 28 62 93 110 128 66,000 68,000 29 65 96 115 134 68,000 70,000 30 67 100 120 139 70,000 72,000 32 70 103 125 144 72,000 74,000 33 72 108 129 149 74,000 76,000 34 75 111 134 155 76,000 78,000 35 78 115 138 160 78,000 80,000 36 80 119 143 165 80,000 85,000 38 85 125 151 175 85,000 90,000 41 91 135 163 187 90,000 95,000 44 98 144 174 201 95,000 100,000 47 104 154 185 214 100,000 110,000 52 113 169 202 234 110,000 120,000 57 127 187 225 261 120,000 130,000 63 139 207 248 287 130,000 140,000 69 152 226 271 313 140,000 150,000 75 165 245 294 339 150,000 160,000 81 178 264 316 366 160,000 170,000 87 190 283 340 392 170,000 180,000 92 204 302 362 419 180,000 190,000 98 216 322 385 445 190,000 200,000 104 229 340 409 471 200,000 210,000 110 242 359 431 498 210,000 220,000 116 255 378 454 524 220,000 230,000 122 267 398 477 551 230,000 240,000 127 281 416 500 577 240,000 and up 133 294 435 523 603 SECTION 5. Filing 1040nr ez EFFECTIVE DATE This revenue procedure applies to passenger automobiles that a taxpayer first places in service or first leases during calendar year 2012. Filing 1040nr ez SECTION 6. Filing 1040nr ez DRAFTING INFORMATION The principal author of this revenue procedure is Bernard P. Filing 1040nr ez Harvey of the Office of Associate Chief Counsel (Income Tax & Accounting). Filing 1040nr ez For further information regarding this revenue procedure, contact Mr. Filing 1040nr ez Harvey at (202) 622-4930 (not a toll-free call). Filing 1040nr ez Prev  Up  Next   Home   More Internal Revenue Bulletins