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Free File 1040ez

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Free File 1040ez

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

There is more involved in closing your business than just locking the doors. This section provides procedures for getting out of business, including what forms to file and how to handle additional revenue received or expenses you may incur.

Page Last Reviewed or Updated: 04-Sep-2013

The Free File 1040ez

Free file 1040ez Publication 939 - Introductory Material Table of Contents What's New Future developments. Free file 1040ez IntroductionSimplified Method. Free file 1040ez Ordering forms and publications. Free file 1040ez Tax questions. Free file 1040ez Useful Items - You may want to see: What's New Beginning in 2013, distributions from an annuity under a nonqualified plan are considered net investment income for the purpose of figuring the net investment income tax (NIIT). Free file 1040ez For more information, see the instructions for Form 8960, Net Investment Income Tax – Individuals, Estates and Trusts. Free file 1040ez Future developments. Free file 1040ez For the latest information about developments related to Publication 939, such as legislation enacted after it was published, go to www. Free file 1040ez IRS. Free file 1040ez gov/pub939. Free file 1040ez Introduction This publication gives you the information you need to determine the tax treatment of your pension and annuity income under the General Rule. Free file 1040ez Generally, each of your monthly annuity payments is made up of two parts: the tax-free part that is a return of your net cost, and the taxable balance. Free file 1040ez What is the General Rule. Free file 1040ez   The General Rule is one of the two methods used to figure the tax-free part of each annuity payment based on the ratio of your investment in the contract to the total expected return. Free file 1040ez The other method is the Simplified Method, which is discussed in Publication 575, Pension and Annuity Income. Free file 1040ez Who must use the General Rule. Free file 1040ez   Use this publication if you receive pension or annuity payments from: A nonqualified plan (for example, a private annuity, a purchased commercial annuity, or a nonqualified employee plan), A qualified plan if: Your annuity starting date is before November 19, 1996 (and after July 1, 1986), and you do not qualify to use, or did not choose to use, the Simplified Method, or Your annuity starting date is after November 18, 1996, and as of that date you are age 75 or over and the annuity payments are guaranteed for at least 5 years. Free file 1040ez If your annuity starting date was between July 1, 1986 and November 19, 1996, you were able to elect to use the Simplified Method or the General Rule. Free file 1040ez This choice is irrevocable and applied to all later annuity payments. Free file 1040ez The following are qualified plans. Free file 1040ez A qualified employee plan. Free file 1040ez A qualified employee annuity. Free file 1040ez A tax-sheltered annuity (TSA) plan or contract. Free file 1040ez Simplified Method. Free file 1040ez   If you receive pension or annuity payments from a qualified plan and you are not required to use the General Rule, you must use the Simplified Method to determine the tax-free part of each annuity payment. Free file 1040ez This method is described in Publication 575, Pension and Annuity Income. Free file 1040ez   Also, if, at the time the annuity payments began, you were at least age 75 and were entitled to annuity payments from a qualified plan with fewer than 5 years of guaranteed payments, you must use the Simplified Method. Free file 1040ez Beginning in 2013, distributions from an annuity under a nonqualified plan are considered net investment income for the purpose of figuring the net investment income tax (NIIT). Free file 1040ez For more information, see the instructions for Form 8960, Net Investment Income Tax – Individuals, Estates and Trusts. Free file 1040ez Topics not covered in this publication. Free file 1040ez   Certain topics related to pensions and annuities are not covered in this publication. Free file 1040ez They include: Simplified Method. Free file 1040ez This method is covered in Publication 575. Free file 1040ez That publication also covers nonperiodic payments (amounts not received as an annuity) from a qualified pension or annuity plan, rollovers, special averaging and capital gain treatment of lump-sum distributions, and special additional taxes on early distributions, excess distributions, and excess accumulations (not making required minimum distributions). Free file 1040ez Individual retirement arrangements (IRAs). Free file 1040ez Information on the tax treatment of amounts you receive from an IRA is included in Publication 590, Individual Retirement Arrangements (IRAs). Free file 1040ez Life insurance payments. Free file 1040ez If you receive life insurance payments because of the death of the insured person, get Publication 525, Taxable and Nontaxable Income, for information on the tax treatment of the proceeds. Free file 1040ez Help from IRS. Free file 1040ez   If, after reading this publication, you need help to figure the taxable part of your pension or annuity, the IRS can do it for you for a fee. Free file 1040ez For information on this service, see Requesting a Ruling on Taxation of Annuity , later. Free file 1040ez Comments and suggestions. Free file 1040ez   We welcome your comments about this publication and your suggestions for future editions. Free file 1040ez   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Free file 1040ez NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Free file 1040ez Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Free file 1040ez   You can send your comments from www. Free file 1040ez irs. Free file 1040ez gov/formspubs/. Free file 1040ez Click on “More Information” and then on “Comment on Tax Forms and Publications”. Free file 1040ez   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. Free file 1040ez Ordering forms and publications. Free file 1040ez   Visit www. Free file 1040ez irs. Free file 1040ez gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. Free file 1040ez Internal Revenue Service 1201 N. Free file 1040ez Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Free file 1040ez   If you have a tax question, check the information available on IRS. Free file 1040ez gov or call 1-800-829-1040. Free file 1040ez We cannot answer tax questions sent to either of the above addresses. Free file 1040ez Useful Items - You may want to see: Publication 524 Credit for the Elderly or the Disabled 525 Taxable and Nontaxable Income 571 Tax-Sheltered Annuity Plans (403(b) Plans) 575 Pension and Annuity Income 590 Individual Retirement Arrangements (IRAs) 721 Tax Guide to U. Free file 1040ez S. Free file 1040ez Civil Service Retirement Benefits 910 Guide To Free Tax Services Form (and Instructions) 1099-R Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Free file 1040ez See How To Get Tax Help near the end of this publication for information about getting these publications and forms. Free file 1040ez Prev  Up  Next   Home   More Online Publications