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Free 2011 Tax Return Online

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Free 2011 Tax Return Online

Free 2011 tax return online Tax Changes for Individuals Table of Contents 2001 ChangesNew 5-Year Carryback Rule for Net Operating Losses (NOLs) Wash Sale Rules Do Not Apply to Section 1256 Contracts Other 2001 Changes 2002 ChangesDeduction for Educator Expenses Personal Credits Still Allowed Against Alternative Minimum Tax Later ChangeChild and Dependent Care Expenses 2001 Changes New 5-Year Carryback Rule for Net Operating Losses (NOLs) If you have an NOL from a tax year ending during 2001 or 2002, you must generally carry back the entire amount of the NOL to the 5 tax years before the NOL year (the carryback period). Free 2011 tax return online However, you can still choose to use the previous carryback period. Free 2011 tax return online You also can choose not to carry back an NOL and only carry it forward. Free 2011 tax return online Individuals, estates, and trusts can file Form 1045, Application for Tentative Refund. Free 2011 tax return online The instructions for this form will be revised to reflect the new law. Free 2011 tax return online Wash Sale Rules Do Not Apply to Section 1256 Contracts The wash sale rules that generally apply to losses from the sale of stock or securities, do not apply to any loss arising from a section 1256 contract. Free 2011 tax return online A section 1256 contract is any: Regulated futures contract, Foreign currency contract, Nonequity option, Dealer equity option, or Dealer securities futures contract. Free 2011 tax return online Wash sales and section 1256 contracts are explained in detail in Publication 550, Investment Income and Expenses. Free 2011 tax return online Other 2001 Changes Other changes are discussed in the following chapters. Free 2011 tax return online Chapter 4 Car Expenses Chapter 5 Depreciation 2002 Changes Deduction for Educator Expenses If you are an eligible educator, you can deduct as an adjustment to income up to $250 in qualified expenses. Free 2011 tax return online You can deduct these expenses even if you do not itemize deductions on Schedule A (Form 1040). Free 2011 tax return online This adjustment to income is for expenses paid or incurred in tax years beginning during 2002 or 2003. Free 2011 tax return online Previously, these expenses were deductible only as a miscellaneous itemized deduction subject to the 2% of adjusted gross income limit. Free 2011 tax return online Eligible educator. Free 2011 tax return online   You are an eligible educator if, for the tax year, you meet the following requirements. Free 2011 tax return online You are a kindergarten through grade 12: Teacher, Instructor, Counselor, Principal, or Aide. Free 2011 tax return online You work at least 900 hours during a school year in a school that provides elementary or secondary education, as determined under state law. Free 2011 tax return online Qualified expenses. Free 2011 tax return online   These are unreimbursed expenses you paid or incurred for books, supplies, computer equipment (including related software and services), other equipment, and supplementary materials that you use in the classroom. Free 2011 tax return online For courses in health and physical education, expenses for supplies are qualified expenses only if they are related to athletics. Free 2011 tax return online   To be deductible as an adjustment to income, the qualified expenses must be more than the following amounts for the tax year. Free 2011 tax return online The interest on qualified U. Free 2011 tax return online S. Free 2011 tax return online savings bonds that you excluded from income because you paid qualified higher education expenses, Any distribution from a qualified tuition program that you excluded from income, or Any tax-free withdrawals from your Coverdell education savings account. Free 2011 tax return online Personal Credits Still Allowed Against Alternative Minimum Tax The provision that allowed certain nonrefundable personal credits to reduce both your regular tax and any alternative minimum tax (AMT) has been extended and will be in effect for 2002 and 2003. Free 2011 tax return online This provision, as it applies to the AMT, was originally scheduled to expire after 2001. Free 2011 tax return online Without the extension, these credits could not have been used to reduce any AMT in 2002 or 2003. Free 2011 tax return online Later Change Child and Dependent Care Expenses For the purpose of figuring the child and dependent care credit, your spouse is treated as having at least a minimum amount of earned income for any month that he or she is a full-time student or not able to care for himself or herself. Free 2011 tax return online Beginning in 2003, this amount is increased to $250 a month if there is one qualifying person and to $500 a month if there are two or more qualifying persons. Free 2011 tax return online Before 2003, the amounts were $200 and $400. Free 2011 tax return online The same rule applies for the exclusion of employer-provided dependent care benefits. Free 2011 tax return online For more information about the credit and exclusion, see Publication 503, Child and Dependent Care Expenses. Free 2011 tax return online Prev  Up  Next   Home   More Online Publications
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The Free 2011 Tax Return Online

Free 2011 tax return online Internal Revenue Bulletin:  2012-14  April 2, 2012  Rev. Free 2011 tax return online Proc. Free 2011 tax return online 2012-23 Table of Contents SECTION 1. Free 2011 tax return online PURPOSE SECTION 2. Free 2011 tax return online BACKGROUND SECTION 3. Free 2011 tax return online SCOPE SECTION 4. Free 2011 tax return online APPLICATION. Free 2011 tax return online 01 Limitations on Depreciation Deductions for Certain Automobiles. Free 2011 tax return online . Free 2011 tax return online 02 Inclusions in Income of Lessees of Passenger Automobiles. Free 2011 tax return online SECTION 5. Free 2011 tax return online EFFECTIVE DATE SECTION 6. Free 2011 tax return online DRAFTING INFORMATION SECTION 1. Free 2011 tax return online 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. Free 2011 tax return online 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. Free 2011 tax return online SECTION 2. Free 2011 tax return online BACKGROUND . Free 2011 tax return online 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. Free 2011 tax return online 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. Free 2011 tax return online 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. Free 2011 tax return online This change reflects the higher rate of price inflation for trucks and vans since 1988. Free 2011 tax return online . Free 2011 tax return online 02 Section 401(a) of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, Pub. Free 2011 tax return online L. Free 2011 tax return online No. Free 2011 tax return online 111-312, 124 Stat. Free 2011 tax return online 3296 (Dec. Free 2011 tax return online 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. Free 2011 tax return online 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. Free 2011 tax return online . Free 2011 tax return online 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). Free 2011 tax return online 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. Free 2011 tax return online 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)). Free 2011 tax return online Accordingly, this revenue procedure provides tables for passenger automobiles for which the § 168(k) additional first year depreciation deduction applies. Free 2011 tax return online 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. Free 2011 tax return online . Free 2011 tax return online 04 Section 280F(c) requires a reduction in the deduction allowed to the lessee of a leased passenger automobile. Free 2011 tax return online The reduction must be substantially equivalent to the limitations on the depreciation deductions imposed on owners of passenger automobiles. Free 2011 tax return online Under § 1. Free 2011 tax return online 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. Free 2011 tax return online One table applies to lessees of trucks and vans and another table applies to all other passenger automobiles. Free 2011 tax return online Each table shows inclusion amounts for a range of fair market values for each taxable year after the passenger automobile is first leased. Free 2011 tax return online SECTION 3. Free 2011 tax return online SCOPE . Free 2011 tax return online 01 The limitations on depreciation deductions in section 4. Free 2011 tax return online 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. Free 2011 tax return online . Free 2011 tax return online 02 The tables in section 4. Free 2011 tax return online 02 of this revenue procedure apply to leased passenger automobiles for which the lease term begins during calendar year 2012. Free 2011 tax return online 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. Free 2011 tax return online See Rev. Free 2011 tax return online Proc. Free 2011 tax return online 2007-30, 2007-1 C. Free 2011 tax return online B. Free 2011 tax return online 1104, for passenger automobiles first leased during calendar year 2007; Rev. Free 2011 tax return online Proc. Free 2011 tax return online 2008-22, 2008-1 C. Free 2011 tax return online B. Free 2011 tax return online 658, for passenger automobiles first leased during calendar year 2008; Rev. Free 2011 tax return online Proc. Free 2011 tax return online 2009-24, 2009-17 I. Free 2011 tax return online R. Free 2011 tax return online B. Free 2011 tax return online 885, for passenger automobiles first leased during calendar year 2009; Rev. Free 2011 tax return online Proc. Free 2011 tax return online 2010-18, 2010-9 I. Free 2011 tax return online R. Free 2011 tax return online B. Free 2011 tax return online 427, as amplified and modified by section 4. Free 2011 tax return online 03 of Rev. Free 2011 tax return online Proc. Free 2011 tax return online 2011-21, 2011-12 I. Free 2011 tax return online R. Free 2011 tax return online B. Free 2011 tax return online 560, for passenger automobiles first leased during calendar year 2010; and Rev. Free 2011 tax return online Proc. Free 2011 tax return online 2011-21, for passenger automobiles first leased during calendar year 2011. Free 2011 tax return online SECTION 4. Free 2011 tax return online APPLICATION . Free 2011 tax return online 01 Limitations on Depreciation Deductions for Certain Automobiles. Free 2011 tax return online (1) Amount of the inflation adjustment. Free 2011 tax return online (a) Passenger automobiles (other than trucks or vans). Free 2011 tax return online 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. Free 2011 tax return online 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. Free 2011 tax return online The new car component of the CPI was 115. Free 2011 tax return online 2 for October 1987 and 143. Free 2011 tax return online 419 for October 2011. Free 2011 tax return online The October 2011 index exceeded the October 1987 index by 28. Free 2011 tax return online 219. Free 2011 tax return online Therefore, the automobile price inflation adjustment for 2012 for passenger automobiles (other than trucks and vans) is 24. Free 2011 tax return online 5 percent (28. Free 2011 tax return online 219/115. Free 2011 tax return online 2 x 100%). Free 2011 tax return online The dollar limitations in § 280F(a) are multiplied by a factor of 0. Free 2011 tax return online 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. Free 2011 tax return online This adjustment applies to all passenger automobiles (other than trucks and vans) that are first placed in service in calendar year 2012. Free 2011 tax return online (b) Trucks and vans. Free 2011 tax return online 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. Free 2011 tax return online The new truck component of the CPI was 112. Free 2011 tax return online 4 for October 1987 and 146. Free 2011 tax return online 607 for October 2011. Free 2011 tax return online The October 2011 index exceeded the October 1987 index by 34. Free 2011 tax return online 207. Free 2011 tax return online Therefore, the automobile price inflation adjustment for 2012 for trucks and vans is 30. Free 2011 tax return online 43 percent (34. Free 2011 tax return online 207/112. Free 2011 tax return online 4 x 100%). Free 2011 tax return online The dollar limitations in § 280F(a) are multiplied by a factor of 0. Free 2011 tax return online 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. Free 2011 tax return online This adjustment applies to all trucks and vans that are first placed in service in calendar year 2012. Free 2011 tax return online (2) Amount of the limitation. Free 2011 tax return online 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. Free 2011 tax return online 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. Free 2011 tax return online 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. Free 2011 tax return online REV. Free 2011 tax return online PROC. Free 2011 tax return online 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. Free 2011 tax return online PROC. Free 2011 tax return online 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. Free 2011 tax return online PROC. Free 2011 tax return online 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. Free 2011 tax return online PROC. Free 2011 tax return online 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 . Free 2011 tax return online 02 Inclusions in Income of Lessees of Passenger Automobiles. Free 2011 tax return online A taxpayer must follow the procedures in § 1. Free 2011 tax return online 280F-7(a) for determining the inclusion amounts for passenger automobiles first leased in calendar year 2012. Free 2011 tax return online 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. Free 2011 tax return online REV. Free 2011 tax return online PROC. Free 2011 tax return online 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. Free 2011 tax return online PROC. Free 2011 tax return online 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. Free 2011 tax return online EFFECTIVE DATE This revenue procedure applies to passenger automobiles that a taxpayer first places in service or first leases during calendar year 2012. Free 2011 tax return online SECTION 6. Free 2011 tax return online DRAFTING INFORMATION The principal author of this revenue procedure is Bernard P. Free 2011 tax return online Harvey of the Office of Associate Chief Counsel (Income Tax & Accounting). Free 2011 tax return online For further information regarding this revenue procedure, contact Mr. Free 2011 tax return online Harvey at (202) 622-4930 (not a toll-free call). Free 2011 tax return online Prev  Up  Next   Home   More Internal Revenue Bulletins