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Free tax extensions 3. Free tax extensions   Claiming the Special Depreciation Allowance Table of Contents Introduction What Is Qualified Property?Qualified Reuse and Recycling Property Qualified Cellulosic Biofuel Plant Property Qualified Disaster Assistance Property Certain Qualified Property Acquired After December 31, 2007 Election to Accelerate Certain Credits in Lieu of the Special Depreciation Allowance How Much Can You Deduct? How Can You Elect Not To Claim an Allowance? When Must You Recapture an Allowance? Introduction You can take a special depreciation allowance to recover part of the cost of qualified property (defined next), placed in service during the tax year. Free tax extensions The allowance applies only for the first year you place the property in service. Free tax extensions For qualified property placed in service in 2013, you can take an additional 50% special allowance. Free tax extensions The allowance is an additional deduction you can take after any section 179 deduction and before you figure regular depreciation under MACRS for the year you place the property in service. Free tax extensions This chapter explains what is qualified property. Free tax extensions It also includes rules regarding how to figure an allowance, how to elect not to claim an allowance, and when you must recapture an allowance. Free tax extensions Corporations can elect to accelerate certain minimum tax credits in lieu of claiming the special depreciation allowance for eligible qualified property. Free tax extensions See Election to Accelerate Certain Credits in Lieu of the Special Depreciation Allowance , later. Free tax extensions See chapter 6 for information about getting publications and forms. Free tax extensions What Is Qualified Property? Your property is qualified property if it is one of the following. Free tax extensions Qualified reuse and recycling property. Free tax extensions Qualified cellulosic biofuel plant property. Free tax extensions Qualified disaster assistance property. Free tax extensions Certain qualified property acquired after December 31, 2007. Free tax extensions The following discussions provide information about the types of qualified property listed above for which you can take the special depreciation allowance. Free tax extensions Qualified Reuse and Recycling Property You can take a 50% special depreciation allowance for qualified reuse and recycling property. Free tax extensions Qualified reuse and recycling property is any machinery or equipment (not including buildings or real estate), along with any appurtenance, that is used exclusively to collect, distribute, or recycle qualified reuse and recyclable materials (as defined in section 168(m)(3)(B) of the Internal Revenue Code). Free tax extensions Qualified reuse and recycling property also includes software necessary to operate such equipment. Free tax extensions The property must meet the following requirements. Free tax extensions The property must be depreciated under MACRS. Free tax extensions The property must have a useful life of at least 5 years. Free tax extensions The original use of the property must begin with you after August 31, 2008. Free tax extensions You must have acquired the property by purchase (as discussed under Property Acquired by Purchase in chapter 2 ) after August 31, 2008, with no binding written contract for the acquisition in effect before September 1, 2008. Free tax extensions The property must be placed in service for use in your trade or business after August 31, 2008. Free tax extensions Excepted Property Qualified reuse and recycling property does not include any of the following. Free tax extensions Any rolling stock or other equipment used to transport reuse or recyclable materials. Free tax extensions Property required to be depreciated using the Alternative Depreciation System (ADS). Free tax extensions For other property required to be depreciated using ADS, see Required use of ADS under Which Depreciation System (GDS or ADS) Applies , in chapter 4 . Free tax extensions Other bonus depreciation property to which section 168(k) of the Internal Revenue Code applies. Free tax extensions Property for which you elected not to claim any special depreciation allowance (discussed later). Free tax extensions Property placed in service and disposed of in the same tax year. Free tax extensions Property converted from business use to personal use in the same tax year acquired. Free tax extensions Property converted from personal use to business use in the same or later tax year may be qualified reuse and recycling property. Free tax extensions Qualified Cellulosic Biofuel Plant Property You can take a 50% special depreciation allowance for qualified cellulosic biofuel plant property. Free tax extensions Cellulosic biofuel is any liquid fuel which is produced from any lignocellulosic or hemicellulosic matter that is available on a renewable or recurring basis. Free tax extensions Examples include bagasse (from sugar cane), corn stalks, and switchgrass. Free tax extensions The property must meet the following requirements. Free tax extensions The property is used in the United States solely to produce cellulosic biofuel. Free tax extensions The original use of the property must begin with you after December 20, 2006. Free tax extensions You must have acquired the property by purchase (as discussed under Property Acquired by Purchase in chapter 2 ) after December 20, 2006, with no binding written contract for acquisition in effect before December 21, 2006. Free tax extensions The property must be placed in service for use in your trade or business or for the production of income after October 3, 2008, and before January 3, 2013. Free tax extensions Note. Free tax extensions For property placed in service after January 2, 2013, and before January 1, 2014, you can take a 50% special depreciation allowance for qualified second generation biofuel plant property that is used solely in the United States to produce second generation biofuel (as defined in section 40(b)(6)(E)). Free tax extensions The other requirements for qualified second generation biofuel plant property to be eligible for the special depreciation allowance are identical to the requirements discussed for Qualified Cellulosic Biofuel Plant Property above. Free tax extensions Special Rules Sale-leaseback. Free tax extensions   If you sold qualified cellulosic biofuel plant property you placed in service after October 3, 2008, and leased it back within 3 months after you originally placed it in service, the property is treated as originally placed in service no earlier than the date it is used by you under the leaseback. Free tax extensions   The property will not qualify for the special allowance if the lessee or a related person to the lessee or lessor had a written binding contract in effect for the acquisition of the property before December 21, 2006. Free tax extensions Syndicated leasing transactions. Free tax extensions   If qualified cellulosic biofuel plant property is originally placed in service by a lessor after October 3, 2008, the property is sold within 3 months of the date it was placed in service, and the user of the property does not change, then the property is treated as originally placed in service by the taxpayer no earlier than the date of the last sale. Free tax extensions   Multiple units of property subject to the same lease will be treated as originally placed in service no earlier than the date of sale if the property is sold within 3 months after the final unit is placed in service and the period between the times the first and last units are placed in service does not exceed 12 months. Free tax extensions Excepted Property Qualified cellulosic biofuel plant property does not include any of the following. Free tax extensions Property placed in service and disposed of in the same tax year. Free tax extensions Property converted from business use to personal use in the same tax year it is acquired. Free tax extensions Property converted from personal use to business use in the same or later tax year may be qualified cellulosic biomass ethanol plant property. Free tax extensions Property required to be depreciated using the Alternative Depreciation System (ADS). Free tax extensions For other property required to be depreciated using ADS, see Required use of ADS under Which Depreciation System (GDS or ADS) Applies , in chapter 4 . Free tax extensions Property any portion of which is financed with the proceeds of any obligation the interest on which is exempt from tax under section 103 of the Internal Revenue Code. Free tax extensions Property for which you elected not to claim any special depreciation allowance (discussed later). Free tax extensions Property for which a deduction was taken under section 179C for certain qualified refinery property. Free tax extensions Other bonus depreciation property to which section 168(k) of the Internal Revenue Code applies. Free tax extensions Qualified Disaster Assistance Property You can take a 50% special depreciation allowance for qualified disaster assistance property placed in service in federally declared disaster areas in which the disaster occurred in 2009. Free tax extensions A list of the federally declared disaster areas is available at the FEMA website at www. Free tax extensions fema. Free tax extensions gov. Free tax extensions Your property is qualified disaster assistance property if it meets the following requirements. Free tax extensions The property is nonresidential real property or residential real property placed in service before January 1, 2014, in a federally declared disaster area in which the disaster occurred in 2009. Free tax extensions You must have acquired the property by purchase (as discussed under Property Acquired by Purchase in chapter 2 ) on or after the applicable disaster date, with no binding written contract for the acquisition in effect before the applicable disaster date. Free tax extensions The property must rehabilitate property damaged, or replace property destroyed or condemned, as a result of the applicable federally declared disaster. Free tax extensions The property must be similar in nature to, and located in the same county as, the rehabilitated or replaced property. Free tax extensions The original use of the property within the applicable disaster area must have begun with you on or after the applicable disaster date. Free tax extensions The property is placed in service by you on or before the date which is the last day of the fourth calendar year. Free tax extensions Substantially all (80% or more) of the use of the property must be in the active conduct of your trade or business in a federally declared disaster area, occurring in 2009. Free tax extensions It is not excepted property (explained later in Excepted Property ). Free tax extensions Special Rules Sale-leaseback. Free tax extensions   If you sold qualified disaster assistance property you placed in service after the applicable disaster date and leased it back within 3 months after you originally placed it in service, the property is treated as originally placed in service no earlier than the date it is used by you under the leaseback. Free tax extensions   The property will not qualify for the special allowance if the lessee or a related person to the lessee or lessor had a written binding contract in effect for the acquisition of the property before the applicable disaster date. Free tax extensions Syndicated leasing transactions. Free tax extensions   If qualified disaster assistance property is originally placed in service by a lessor after the applicable disaster date, the property is sold within 3 months of the date it was placed in service, and the user of the property does not change, then the property is treated as originally placed in service by the taxpayer no earlier than the date of the last sale. Free tax extensions   Multiple units of property subject to the same lease will be treated as originally placed in service no earlier than the date of sale if the property is sold within 3 months after the final unit is placed in service and the period between the times the first and last units are placed in service does not exceed 12 months. Free tax extensions Excepted Property Qualified disaster assistance property does not include any of the following. Free tax extensions Property required to be depreciated using the Alternative Depreciation System (ADS). Free tax extensions For other property required to be depreciated using ADS, see Required use of ADS under Which Depreciation System (GDS or ADS) Applies , in chapter 4 . Free tax extensions Property any portion of which is financed with the proceeds of a tax-exempt obligation under section 103 of the Internal Revenue Code. Free tax extensions Any qualified revitalization building (defined later) placed in service before January 1, 2010, for which you have elected to claim a commercial revitalization deduction for qualified revitalization expenditures. Free tax extensions Any property used in connection with any private or commercial golf course, country club, massage parlor, hot tub facility, suntan facility, or any store, the principal business of which is the sale of alcoholic beverages for consumption off premises. Free tax extensions Any property for which the special allowance under section 168(k) or section 1400N(d) of the Internal Revenue Code applies. Free tax extensions Property for which you elected not to claim any special depreciation allowance (discussed later). Free tax extensions Property placed in service and disposed of in the same tax year. Free tax extensions Property converted from business use to personal use in the same tax year acquired. Free tax extensions Property converted from personal use to business use in the same or later tax year may be qualified disaster assistance property. Free tax extensions Any gambling or animal racing property (defined later). Free tax extensions Qualified revitalization building. Free tax extensions   This is a commercial building and its structural components that you placed in service in a renewal community before January 1, 2010. Free tax extensions If the building is new, the original use of the building must begin with you. Free tax extensions If the building is not new, you must substantially rehabilitate the building and then place it in service. Free tax extensions For more information, including definitions of substantially rehabilitated building and qualified revitalization expenditure, see section 1400I(b) of the Internal Revenue Code. Free tax extensions Gambling or animal racing property. Free tax extensions   Gambling or animal racing property includes the following personal and real property. Free tax extensions Any equipment, furniture, software, or other property used directly in connection with gambling, the racing of animals, or the on-site viewing of such racing. Free tax extensions Any real property determined by square footage (other than any portion that is less than 100 square feet) that is dedicated to gambling, the racing of animals, or the on-site viewing of such racing. Free tax extensions Certain Qualified Property Acquired After December 31, 2007 You can take a 50% special depreciation deduction allowance for certain qualified property acquired after December 31, 2007. Free tax extensions Your property is qualified property if it meets the following requirements. Free tax extensions It is one of the following types of property. Free tax extensions Tangible property depreciated under MACRS with a recovery period of 20 years or less. Free tax extensions Water utility property. Free tax extensions Computer software that is readily available for purchase by the general public, is subject to a nonexclusive license, and has not been substantially modified. Free tax extensions (The cost of some computer software is treated as part of the cost of hardware and is depreciated under MACRS. Free tax extensions ) Qualified leasehold improvement property (defined under Qualified leasehold improvement property later). Free tax extensions You must have acquired the property after December 31, 2007, with no binding written contract for the acquisition in effect before January 1, 2008. Free tax extensions The property must be placed in service for use in your trade or business or for the production of income before January 1, 2014 (before January 1, 2015, for certain property with a long production period and certain aircraft (defined next)). Free tax extensions The original use of the property must begin with you after December 31, 2007. Free tax extensions It is not excepted property (explained later in Excepted property). Free tax extensions Qualified leasehold improvement property. Free tax extensions    Generally, this is any improvement to an interior part of a building that is nonresidential real property, if all the following requirements are met. Free tax extensions The improvement is made under or according to a lease by the lessee (or any sublessee) or the lessor of that part of the building. Free tax extensions That part of the building is to be occupied exclusively by the lessee (or any sublessee) of that part. Free tax extensions The improvement is placed in service more than 3 years after the date the building was first placed in service by any person. Free tax extensions The improvement is section 1250 property. Free tax extensions See chapter 3 in Publication 544, Sales and Other Dispositions of Assets, for the definition of section 1250 property. Free tax extensions   However, a qualified leasehold improvement does not include any improvement for which the expenditure is attributable to any of the following. Free tax extensions The enlargement of the building. Free tax extensions Any elevator or escalator. Free tax extensions Any structural component benefiting a common area. Free tax extensions The internal structural framework of the building. Free tax extensions   Generally, a binding commitment to enter into a lease is treated as a lease and the parties to the commitment are treated as the lessor and lessee. Free tax extensions However, a lease between related persons is not treated as a lease. Free tax extensions Related persons. Free tax extensions   For this purpose, the following are related persons. Free tax extensions Members of an affiliated group. Free tax extensions An individual and a member of his or her family, including only a spouse, child, parent, brother, sister, half-brother, half-sister, ancestor, and lineal descendant. Free tax extensions A corporation and an individual who directly or indirectly owns 80% or more of the value of the outstanding stock of that corporation. Free tax extensions Two corporations that are members of the same controlled group. Free tax extensions A trust fiduciary and a corporation if 80% or more of the value of the outstanding stock is directly or indirectly owned by or for the trust or grantor of the trust. Free tax extensions The grantor and fiduciary, and the fiduciary and beneficiary, of any trust. Free tax extensions The fiduciaries of two different trusts, and the fiduciaries and beneficiaries of two different trusts, if the same person is the grantor of both trusts. Free tax extensions A tax-exempt educational or charitable organization and any person (or, if that person is an individual, a member of that person's family) who directly or indirectly controls the organization. Free tax extensions Two S corporations, and an S corporation and a regular corporation, if the same persons own 80% or more of the value of the outstanding stock of each corporation. Free tax extensions A corporation and a partnership if the same persons own both of the following. Free tax extensions 80% or more of the value of the outstanding stock of the corporation. Free tax extensions 80% or more of the capital or profits interest in the partnership. Free tax extensions The executor and beneficiary of any estate. Free tax extensions Long Production Period Property To be qualified property, long production period property must meet the following requirements. Free tax extensions It must meet the requirements in (2)-(5), above. Free tax extensions The property has a recovery period of at least 10 years or is transportation property. Free tax extensions Transportation property is tangible personal property used in the trade or business of transporting persons or property. Free tax extensions The property is subject to section 263A of the Internal Revenue Code. Free tax extensions The property has an estimated production period exceeding 1 year and an estimated production cost exceeding $1,000,000. Free tax extensions Noncommercial Aircraft To be qualified property, noncommercial aircraft must meet the following requirements. Free tax extensions It must meet the requirements in (2)-(5), above. Free tax extensions The aircraft must not be tangible personal property used in the trade or business of transporting persons or property (except for agricultural or firefighting purposes). Free tax extensions The aircraft must be purchased (as discussed under Property Acquired by Purchase in chapter 2 ) by a purchaser who at the time of the contract for purchase, makes a nonrefundable deposit of the lesser of 10% of the cost or $100,000. Free tax extensions The aircraft must have an estimated production period exceeding four months and a cost exceeding $200,000. Free tax extensions Special Rules Sale-leaseback. Free tax extensions   If you sold qualified property you placed in service after December 31, 2007, and leased it back within 3 months after you originally placed in service, the property is treated as originally placed in service no earlier than the date it is used by you under the leaseback. Free tax extensions   The property will not qualify for the special depreciation allowance if the lessee or a related person to the lessee or lessor had a written binding contract in effect for the acquisition of the property before January 1, 2008. Free tax extensions Syndicated leasing transactions. Free tax extensions   If qualified property is originally placed in service by a lessor after December 31, 2007, the property is sold within 3 months of the date it was placed in service, and the user of the property does not change, then the property is treated as originally placed in service by the taxpayer no earlier than the date of the last sale. Free tax extensions   Multiple units of property subject to the same lease will be treated as originally placed in service no earlier than the date of the last sale if the property is sold within 3 months after the final unit is placed in service and the period between the time the first and last units are placed in service does not exceed 12 months. Free tax extensions Excepted Property Qualified property does not include any of the following. Free tax extensions Property placed in service and disposed of in the same tax year. Free tax extensions Property converted from business use to personal use in the same tax year acquired. Free tax extensions Property converted from personal use to business use in the same or later tax year may be qualified property. Free tax extensions Property required to be depreciated under the Alternative Depreciation System (ADS). Free tax extensions This includes listed property used 50% or less in a qualified business use. Free tax extensions For other property required to be depreciated using ADS, see Required use of ADS under Which Depreciation System (GDS or ADS) Applies , in chapter 4 . Free tax extensions Qualified restaurant property (as defined in section 168(e)(7) of the Internal Revenue Code). Free tax extensions Qualified retail improvement property (as defined in section 168(e)(8) of the Internal Revenue Code). Free tax extensions Property for which you elected not to claim any special depreciation allowance (discussed later). Free tax extensions Property for which you elected to accelerate certain credits in lieu of the special depreciation allowance (discussed next). Free tax extensions Election to Accelerate Certain Credits in Lieu of the Special Depreciation Allowance An election made by a corporation to claim pre-2006 unused minimum tax credits in lieu of claiming the special depreciation allowance for either its first tax year ending after March 31, 2008, its first tax year ending after December 31, 2008, or its first tax year ending after December 31, 2010, continues to apply to round 2 extension property (as defined in section 168(k)(4)(I)(iv)), unless the corporation made an election not to apply the section 168(k)(4) election to round 2 extension property for its first tax year ending after December 31, 2010. Free tax extensions For 2013, round 2 extension property generally is long production period and noncommercial aircraft if acquired after March 31, 2008, and placed in service after December 31, 2012, but before January 1, 2014. Free tax extensions An election made by a corporation to claim pre-2006 unused minimum tax credits in lieu of claiming the special depreciation allowance for either its first tax year ending after March 31, 2008, its first tax year ending after December 31, 2008, or its first tax year ending after December 31, 2010, continues to apply to round 3 extension property (as defined in section 168(k)(4)(J)(iv)), unless the corporation makes an election not to apply the section 168(k)(4) election to round 3 extension property. Free tax extensions If a corporation did not make a section 168(k)(4) election for either its first tax year ending after March 31, 2008, its first tax year ending after December 31, 2008, or its first tax year ending after December 31, 2010, the corporation may elect for its first tax year ending after December 31, 2012, to claim pre-2006 unused minimum tax credits in lieu of claiming the special depreciation allowance for only round 3 extension property. Free tax extensions If you make an election to accelerate these credits in lieu of claiming the special depreciation allowance for eligible property, you must not take the 50% special depreciation allowance for the property and must depreciate the basis in the property under MACRS using the straight line method. Free tax extensions See Which Depreciation Method Applies in chapter 4 . Free tax extensions Once made, the election cannot be revoked without IRS consent. Free tax extensions Additional guidance. Free tax extensions   For additional guidance on the election to accelerate the research or minimum tax credit in lieu of claiming the special depreciation allowance, see Rev. Free tax extensions Proc. Free tax extensions 2008-65 on page 1082 of Internal Revenue Bulletin 2008-44, available at www. Free tax extensions irs. Free tax extensions gov/pub/irs-irbs/irb08-44. Free tax extensions pdf, Rev. Free tax extensions Proc. Free tax extensions 2009-16 on page 449 of Internal Revenue Bulletin 2009-06, available at www. Free tax extensions irs. Free tax extensions gov/pub/irs-irbs/irb09-06. Free tax extensions pdf, and Rev. Free tax extensions Proc. Free tax extensions 2009-33 on page 150 of Internal Revenue Bulletin 2009-29, available at www. Free tax extensions irs. Free tax extensions gov/pub/irs-irbs/irb09-29. Free tax extensions pdf. Free tax extensions Also, see Form 3800, General Business Credit; Form 8827, Credit for Prior Year Minimum Tax — Corporations; and related instructions. Free tax extensions   Additional guidance regarding the election to accelerate the minimum tax credit in lieu of claiming the special depreciation allowance for round 2 extension property and round 3 extension property may also be available in later Internal Revenue Bulletins available at www. Free tax extensions irs. Free tax extensions gov/irb. Free tax extensions How Much Can You Deduct? Figure the special depreciation allowance by multiplying the depreciable basis of qualified reuse and recycling property, qualified cellulosic biofuel plant property, qualified disaster assistance property, and certain qualified property acquired after December 31, 2007, by 50%. Free tax extensions For qualified property other than listed property, enter the special allowance on line 14 in Part II of Form 4562. Free tax extensions For qualified property that is listed property, enter the special allowance on line 25 in Part V of Form 4562. Free tax extensions If you place qualified property in service in a short tax year, you can take the full amount of a special depreciation allowance. Free tax extensions Depreciable basis. Free tax extensions   This is the property's cost or other basis multiplied by the percentage of business/investment use, reduced by the total amount of any credits and deductions allocable to the property. Free tax extensions   The following are examples of some credits and deductions that reduce depreciable basis. Free tax extensions Any section 179 deduction. Free tax extensions Any deduction for removal of barriers to the disabled and the elderly. Free tax extensions Any disabled access credit, enhanced oil recovery credit, and credit for employer-provided childcare facilities and services. Free tax extensions Basis adjustment to investment credit property under section 50(c) of the Internal Revenue Code. Free tax extensions   For additional credits and deductions that affect basis, see section 1016 of the Internal Revenue Code. Free tax extensions   For information about how to determine the cost or other basis of property, see What Is the Basis of Your Depreciable Property in chapter 1 . Free tax extensions For a discussion of business/investment use, see Partial business or investment use under Property Used in Your Business or Income-Producing Activity in chapter 1 . Free tax extensions Depreciating the remaining cost. Free tax extensions   After you figure your special depreciation allowance for your qualified property, you can use the remaining cost to figure your regular MACRS depreciation deduction (discussed in chapter 4 . Free tax extensions Therefore, you must reduce the depreciable basis of the property by the special depreciation allowance before figuring your regular MACRS depreciation deduction. Free tax extensions Example. Free tax extensions On November 1, 2013, Tom Brown bought and placed in service in his business qualified property that cost $450,000. Free tax extensions He did not elect to claim a section 179 deduction. Free tax extensions He deducts 50% of the cost ($225,000) as a special depreciation allowance for 2013. Free tax extensions He uses the remaining $225,000 of cost to figure his regular MACRS depreciation deduction for 2013 and later years. Free tax extensions Like-kind exchanges and involuntary conversions. Free tax extensions   If you acquire qualified property in a like-kind exchange or involuntary conversion, the carryover basis of the acquired property is eligible for a special depreciation allowance. Free tax extensions After you figure your special allowance, you can use the remaining carryover basis to figure your regular MACRS depreciation deduction. Free tax extensions In the year you claim the allowance (the year you place in service the property received in the exchange or dispose of involuntarily converted property), you must reduce the carryover basis of the property by the allowance before figuring your regular MACRS depreciation deduction. Free tax extensions See Figuring the Deduction for Property Acquired in a Nontaxable Exchange , in chapter 4 under How Is the Depreciation Deduction Figured . Free tax extensions The excess basis (the part of the acquired property's basis that exceeds its carryover basis) is also eligible for a special depreciation allowance. Free tax extensions How Can You Elect Not To Claim an Allowance? You can elect, for any class of property, not to deduct any special allowances for all property in such class placed in service during the tax year. Free tax extensions To make an election, attach a statement to your return indicating what election you are making and the class of property for which you are making the election. Free tax extensions When to make election. Free tax extensions   Generally, you must make the election on a timely filed tax return (including extensions) for the year in which you place the property in service. Free tax extensions   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 original return (not including extensions). Free tax extensions Attach the election statement to the amended return. Free tax extensions On the amended return, write “Filed pursuant to section 301. Free tax extensions 9100-2. Free tax extensions ” Revoking an election. Free tax extensions   Once you elect not to deduct a special depreciation allowance for a class of property, you cannot revoke the election without IRS consent. Free tax extensions A request to revoke the election is a request for a letter ruling. Free tax extensions If you elect not to have any special allowance apply, the property may be subject to an alternative minimum tax adjustment for depreciation. Free tax extensions When Must You Recapture an Allowance? When you dispose of property for which you claimed a special depreciation allowance, any gain on the disposition is generally recaptured (included in income) as ordinary income up to the amount of the special depreciation allowance previously allowed or allowable. Free tax extensions See When Do You Recapture MACRS Depreciation in chapter 4 or more information. Free tax extensions Recapture of allowance deducted for qualified GO Zone property. Free tax extensions   If, in any year after the year you claim the special depreciation allowance for qualified GO Zone property (including specified GO Zone extension property), the property ceases to be used in the GO Zone, you may have to recapture as ordinary income the excess benefit you received from claiming the special depreciation allowance. Free tax extensions For additional guidance, see Notice 2008-25 on page 484 of Internal Revenue Bulletin 2008-9. Free tax extensions Qualified cellulosic biomass ethanol plant property and qualified cellulosic biofuel plant property. Free tax extensions   If, in any year after the year you claim the special depreciation allowance for any qualified cellulosic biomass ethanol plant property or qualified biofuel plant property, the property ceases to be qualified cellulosic biomass ethanol plant property or qualified biofuel plant property, you may have to recapture as ordinary income the excess benefit you received from claiming the special depreciation allowance. Free tax extensions Recapture of allowance for qualified Recovery Assistance property. Free tax extensions   If, in any year after the year you claim the special depreciation allowance for qualified Recovery Assistance property, the property ceases to be used in the Kansas disaster area, you may have to recapture as ordinary income the excess benefit you received from claiming the special depreciation allowance. Free tax extensions For additional guidance, see Notice 2008-67 on page 307 of Internal Revenue Bulletin 2008-32. Free tax extensions Recapture of allowance for qualified disaster assistance property. Free tax extensions   If, in any year after the year you claim the special depreciation allowance for qualified disaster assistance property, the property ceases to be used in the applicable disaster area, you may have to recapture as ordinary income the excess benefit you received from claiming the special depreciation allowance. Free tax extensions   For additional guidance, see Notice 2008-67 on page 307 of Internal Revenue Bulletin 2008-32. Free tax extensions Prev  Up  Next   Home   More Online Publications
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U.S. Central Command (CENTCOM)

Located between the European and Pacific combatant commands, U.S. Central Command’s area of responsibility covers the "central" area of the globe and consists of 20 countries — Afghanistan, Bahrain, Egypt, Iran, Iraq, Jordan, Kazakhstan, Kuwait, Kyrgyzstan, Lebanon, Oman, Pakistan, Qatar, Saudi Arabia, Syria, Tajikistan, Turkmenistan, United Arab Emirates, Uzbekistan, and Yemen.

Contact the Agency or Department

Website: U.S. Central Command (CENTCOM)

Address: 7115 South Boundary Boulevard
MacDill Air Force Base, FL 33621-5101

Phone Number: (813) 828-1110

The Free Tax Extensions

Free tax extensions Index A Abandonment, Abandonment Accounting method Accrual, Accrual Method Cash, Cash Method Change in, Changes in Methods of Accounting Crop, Crop method. Free tax extensions Farm inventory, Farm Inventory Accounting periods, Introduction Accrual method of accounting, Accrual Method Additional Medicare Tax withholding, What's New for 2013, Additional Medicare Tax. Free tax extensions Adjusted basis for installment sale, Adjusted basis for installment sale purposes. Free tax extensions Adjusted basis of assets, Adjusted Basis Agricultural activity codes, Schedule F, Reminders Agricultural program payments, Agricultural Program Payments Agricultural structure, defined, Agricultural structure. Free tax extensions Alternative Depreciation System (ADS), Required use of ADS. Free tax extensions , ADS election. Free tax extensions Amortization Going into business, Business Start-Up Costs Reforestation expenses, Reforestation Costs Section 197 intangibles, Section 197 Intangibles Assessments By conservation district, Assessment by Conservation District Depreciable property, Assessment for Depreciable Property Assistance (see Tax help) Automobiles, depreciation, Limits for passenger automobiles. Free tax extensions B Bankruptcy, Bankruptcy. Free tax extensions Barter income, Barter income. Free tax extensions Basis Adjusted, Adjusted basis. Free tax extensions Installment sale, Adjusted basis for installment sale purposes. Free tax extensions Involuntary conversion, Basis for depreciation. Free tax extensions Like-kind exchange, Basis for depreciation. Free tax extensions Partner's basis, Property Distributed From a Partnership or Corporation Replacement property, Basis of replacement property. Free tax extensions Shareholder's basis, Property Distributed From a Partnership or Corporation Basis of assets Adjusted basis, Adjusted Basis Allocating to several assets, Allocating the Basis Changed to business use, Property changed from personal to business or rental use. Free tax extensions Constructing assets, Constructing assets. Free tax extensions Cost, Cost Basis Decreases, Decreases to Basis Depreciation, What Is the Basis for Depreciation? Exchanges Like-kind, Like-Kind Exchanges Nontaxable, Nontaxable Exchanges Partially nontaxable, Partially Nontaxable Exchanges Taxable, Taxable Exchanges Gifts, Property Received as a Gift Increases, Increases to Basis Real property, Real Property Received for services, Property received for services. Free tax extensions Uniform capitalization rules, Uniform Capitalization Rules Below-market loans, Below-market loans. Free tax extensions Books and records, Importance of Records Breeding fees, Breeding Fees Business income limit, section 179 expense deduction, Business Income Limit Business use of home, Business Use of Your Home C Canceled debt, Cancellation of Debt Capital assets, Capital Assets Capital expenses, Capital Expenses Car expenses, Truck and Car Expenses Cash method of accounting, Cash Method Casualties and thefts Adjustments to basis, Adjustments to basis. Free tax extensions Casualty, defined, Casualty. Free tax extensions Disaster area losses, Disaster Area Losses Leased property, Leased property. Free tax extensions Livestock, Livestock or produce bought for resale. Free tax extensions , Raised draft, breeding, dairy, or sporting animals. Free tax extensions Reimbursement, Insurance and other reimbursements. Free tax extensions Reporting gains and losses, Reporting Gains and Losses Theft, defined, Theft. Free tax extensions Change in accounting method, Changes in Methods of Accounting Chickens, purchased, Chickens, seeds, and young plants. Free tax extensions Christmas trees, Christmas tree cultivation. Free tax extensions , Christmas trees. Free tax extensions Club dues, Club dues and membership fees. Free tax extensions Comments on publication, Comments and suggestions. Free tax extensions Commodity Futures, Hedging (Commodity Futures) Wages, Noncash wages. Free tax extensions Commodity Credit Corporation (CCC) Loans, Commodity Credit Corporation (CCC) Loans Market gain, Market Gain Community property, Community property. Free tax extensions , Community property. Free tax extensions Computer, software, Computer software. Free tax extensions Condemnation, Casualties, Thefts, and Condemnations, Condemnation Conservation Cost-sharing exclusion, Conservation Expenses District assessments, Assessment by Conservation District Expenses, Conservation Expenses Plans, Conservation plan. Free tax extensions Conservation Reserve Program, Conservation Reserve Program (CRP) payments. Free tax extensions Conservation Reserve Program (CRP), Conservation Reserve Program (CRP) Constructing assets, Constructing assets. Free tax extensions Constructive receipt of income, Constructive receipt. Free tax extensions Contamination, Soil or other environmental contamination. Free tax extensions Contract price, Contract price. Free tax extensions Converted wetland, Converted Wetland and Highly Erodible Cropland Cooperatives, income from, Income From Cooperatives Cost-sharing exclusion, Cost-Sharing Exclusion (Improvements) Counter-cyclical payments, Direct payments and counter-cyclical payments. Free tax extensions , Payments Under the Farm Security and Rural Investment Act of 2002 and Under the Food, Conservation, and Energy Act of 2008 Credits Employment, Employment Credits Fuel tax, Fuel tax credit and refund. Free tax extensions , How To Claim a Credit or Refund, Claiming a Credit Social security and Medicare, Earning credits in 2013. Free tax extensions Social security coverage, How to become insured under social security. Free tax extensions State unemployment tax, Tax rate and credit. Free tax extensions Crew leaders, Crew Leaders Crop Destroyed, Standing crop destroyed by casualty. Free tax extensions Insurance proceeds, Crop Insurance and Crop Disaster Payments Method of accounting, Crop method. Free tax extensions Shares, Rents (Including Crop Shares) Unharvested, Cost of raising unharvested crops. Free tax extensions , Section 1231 transactions. Free tax extensions , Gain or loss. Free tax extensions Cropland, highly erodible, Converted Wetland and Highly Erodible Cropland D Damage Casualties and thefts, Casualties and Thefts Crop insurance, Crop Insurance and Crop Disaster Payments Tree seedlings, Tree Seedlings Debt Bad, Nonbusiness bad debt. Free tax extensions Canceled, Cancellation of Debt, Canceled debt excluded from income. Free tax extensions , Cancellation of debt. Free tax extensions , Canceled debt. Free tax extensions Nonrecourse, Amount realized on a nonrecourse debt. Free tax extensions Qualified farm, Qualified Farm Debt Qualified principal residence, Qualified Principal Residence Debt Recourse, Amount realized on a recourse debt. Free tax extensions Depletion, Depletion Depreciation, Claiming the Special Depreciation Allowance ADS election, ADS election. Free tax extensions Conservation assets, Depreciable conservation assets. Free tax extensions Deduction, Overview of Depreciation Incorrect amount deducted, How Do You Correct Depreciation Deductions? Limit for automobiles, Limits for passenger automobiles. Free tax extensions Listed property, Additional Rules for Listed Property Raised livestock, Livestock. Free tax extensions Recapture, When Do You Recapture MACRS Depreciation?, Depreciation Recapture, Section 1250 Property When to file, Do You Have To File Form 4562? Depreciation allowable, Basis adjustment for depreciation allowed or allowable. Free tax extensions Depreciation allowed, Basis adjustment for depreciation allowed or allowable. Free tax extensions Direct payments, Direct payments and counter-cyclical payments. Free tax extensions , Payments Under the Farm Security and Rural Investment Act of 2002 and Under the Food, Conservation, and Energy Act of 2008 Disaster area losses, Disaster Area Losses Disaster payments, Crop Insurance and Crop Disaster Payments Disaster relief grants, Federal disaster relief grants. Free tax extensions Disaster relief payments, Qualified disaster relief payments. Free tax extensions Dispositions, Sale or other disposal of land during 9-year period. Free tax extensions , Gain on sale of farmland. Free tax extensions , Introduction Domestic production activities deduction, Domestic Production Activities Deduction Dyed diesel fuel, Dyed Diesel Fuel and Dyed Kerosene Dyed kerosene, Dyed Diesel Fuel and Dyed Kerosene E e-file, Reminders Easement, Easements and rights-of-way. Free tax extensions , Easements. Free tax extensions Election ADS depreciation, Electing ADS. Free tax extensions , ADS election. Free tax extensions Amortization Business start-up costs, Business Start-Up Costs Reforestation costs, Reforestation Costs Crop method, Election to use crop method. Free tax extensions Cutting of timber, Election to treat cutting as a sale or exchange. Free tax extensions Deducting conservation expenses, When to Deduct or Capitalize Not excluding cost-sharing payments, Electing not to exclude payments. Free tax extensions Out of installment method, Electing out of the installment method. Free tax extensions Postponing casualty gain, Postponing Gain Postponing reporting crop insurance proceeds, Election to postpone reporting until the following year. Free tax extensions Section 179 expense deduction, How Do You Elect the Deduction? Electronic filing, Reminders Embryo transplants, Transplanted embryo. Free tax extensions Employer identification number, Reminders, Employer identification number (EIN). Free tax extensions Endangered species recovery expenses, Endangered species recovery expenses. Free tax extensions Environmental contamination, Soil or other environmental contamination. Free tax extensions Estimated tax Farm gross income, Gross Income From Farming Gross income, Gross Income Penalties, Estimated Tax Penalty for 2013 Exchanges Basis Like-kind, Like-Kind Exchanges Nontaxable, Nontaxable Exchanges Partially nontaxable, Partially Nontaxable Exchanges Taxable, Taxable Exchanges Like-kind, Like-Kind Exchanges Nontaxable, Like-Kind Exchanges Excise taxes Credit, Claiming a Credit Diesel fuel, Dyed Diesel Fuel and Dyed Kerosene Farming purposes, Fuels Used in Farming Home use of fuels, Fuels Used for Household Purposes or Other Than as a Fuel for Propulsion Engines Off-highway uses, Fuels Used in Off-Highway Business Use Refund, Claiming a Refund F Fair market value defined, Fair market value (FMV). Free tax extensions , Fair market value (FMV). Free tax extensions Family member Business expenses, Special rule for related persons. Free tax extensions Installment sale, Sale to a related person. Free tax extensions Like-kind exchange, Like-kind exchanges between related persons. Free tax extensions Loss on sale or exchange of property, Losses from sales or exchanges between related persons. Free tax extensions Personal-use property, Personal-use property. Free tax extensions Social security coverage, Family Employees Farm Business expenses, Farm Business Expenses Business, defined, Business of Farming Defined, Farm defined. Free tax extensions , Farm. Free tax extensions Income averaging, Income Averaging for Farmers Rental, Farm rental. Free tax extensions Sale of, Sale of a Farm Farmer, Farmer. Free tax extensions Federal unemployment tax (FUTA), Federal Unemployment (FUTA) Tax Fertilizer, Fertilizer and Lime, Fertilizer and Lime Foreclosure, Foreclosure or Repossession Forestation costs, Forestation and reforestation costs. Free tax extensions Form 1099-A, Form 1099-A. Free tax extensions , Forms 1099-A and 1099-C. Free tax extensions 1099-C, Cancellation of Debt, Form 1099-C. Free tax extensions , Forms 1099-A and 1099-C. Free tax extensions 1099-G, Market Gain, Payment to More Than One Person 1099-MISC, Reminders, Nonemployee compensation. Free tax extensions 1099-PATR, Form 1099-PATR. Free tax extensions 1128, Introduction 2210-F, Estimated Tax Penalty for 2013 3115, Changes in Methods of Accounting 4136, Claiming a Credit 4562, Do You Have To File Form 4562? 4797, Form 4797. Free tax extensions , Recapture. Free tax extensions , Reporting the exchange. Free tax extensions 4835, Rents (Including Crop Shares) 5213, Using the presumption later. Free tax extensions 6252, Form 6252. Free tax extensions 8822, Reminders 8824, Reporting the exchange. Free tax extensions 8849, Claiming a Refund 8886, Reminders 940, Form 940. Free tax extensions 943, Form 943. Free tax extensions 982, Form 982 I-9, Form I-9. Free tax extensions SS-4, Reminders, Employer identification number (EIN). Free tax extensions SS-5, Obtaining a social security number. Free tax extensions T (Timber), Form T (Timber). Free tax extensions W-2, Form W-2. Free tax extensions W-4, Reminders, New hire reporting. Free tax extensions , Form W-4. Free tax extensions W-4V, Commodity Credit Corporation (CCC) Loans, Crop Insurance and Crop Disaster Payments W-7, Obtaining an individual taxpayer identification number. Free tax extensions Free tax services, How To Get Tax Help, Free help with your tax return. Free tax extensions Fuel tax credit or refund, Fuel tax credit and refund. Free tax extensions , How To Claim a Credit or Refund G Gains and losses Basis of assets, Cost Basis Capital assets, defined, Capital Assets Casualty, How To Figure a Loss, Figuring a Gain Installment sales, Installment Sales Livestock, Livestock Long- or short-term, Long and Short Term Ordinary or capital, Ordinary or Capital Gain or Loss Sale of farm, Sale of a Farm Section 1231, Section 1231 Gains and Losses Theft, How To Figure a Loss, Figuring a Gain Timber, Timber General asset accounts, How Do You Use General Asset Accounts? Gifts, Crop shares you give to others (gift). Free tax extensions , Cost related to gifts. Free tax extensions , Property Received as a Gift, Gift. Free tax extensions Going into business, Business Start-Up Costs Grants, disaster relief, Federal disaster relief grants. Free tax extensions Gross profit percentage, Gross profit percentage. Free tax extensions Gross profit, defined, Gross profit. Free tax extensions Guarantee, Debt not payable on demand. Free tax extensions H Health insurance deduction, Self-employed health insurance deduction. Free tax extensions Hedging, Hedging (Commodity Futures) Help (see Tax help) Highway use tax, Highway use tax. Free tax extensions Holding period, Holding period. Free tax extensions Horticultural structure, Horticultural structure. Free tax extensions I Illegal irrigation subsidy, Illegal federal irrigation subsidy. Free tax extensions Important dates, Important Dates for 2014 Improvements, Cost-Sharing Exclusion (Improvements) Income Accounting for, Accounting Methods Accrual method of accounting, Income Canceled debt excluded, Cancellation of Debt From farming, Farm Income, Gross income from farming. Free tax extensions , Gross Income From Farming Gross, Gross Income Not-for-profit farming, Not-for-Profit Farming Pasture, Pasture income and rental. Free tax extensions Schedule F, Farm Income Withholding of tax, Federal Income Tax Withholding Income averaging (see Farm: Income averaging) Incorrect amount of depreciation deducted, How Do You Correct Depreciation Deductions? Individual taxpayer identification number (ITIN), Obtaining an individual taxpayer identification number. Free tax extensions Inherited property, Inherited Property Insolvency, Insolvency. Free tax extensions Installment sales, Form 6252. Free tax extensions Electing out, Electing out of the installment method. Free tax extensions Farm, sale of, Installment Sale of a Farm Figuring income, Figuring Installment Sale Income Reporting income, Form 6252. Free tax extensions Unstated interest, Unstated interest. Free tax extensions Insurance, Insurance, Self-employed health insurance deduction. Free tax extensions Intangible property, Section 197 Intangibles Interest Expense, Interest Income, Interest income. Free tax extensions Unstated, Unstated interest. Free tax extensions Inventory Items included, Farm Inventory Methods of valuation, Inventory valuation methods. Free tax extensions Involuntary conversions, Involuntary Conversions, Property acquired in a like-kind exchange or involuntary conversion. Free tax extensions , Introduction Irrigation Illegal subsidy, Illegal federal irrigation subsidy. Free tax extensions Project, Irrigation Project L Labor hired, Labor Hired Landlord participation, Landlord Participation in Farming Lease or purchase, Lease or Purchase Life tenant (see Term interests) Like-kind exchanges, Like-Kind Exchanges, Like-Kind Exchanges Lime, Fertilizer and Lime Limits At-risk, At-Risk Limits Business use of home, Deduction limit. Free tax extensions Capital losses, Treatment of Capital Losses Conservation expenses, Assessment for Depreciable Property, 25% Limit on Deduction Depreciation Business-use, What Is the Business-Use Requirement? Excluded farm debt, Exclusion limit. Free tax extensions Farm losses, Losses From Operating a Farm Loss of personal-use property, Deduction Limits on Losses of Personal-Use Property Not-for-profit farming, Not-for-Profit Farming Passive activity, Passive Activity Limits Percentage depletion, Taxable income limit. Free tax extensions Prepaid farm supplies, Deduction limit. Free tax extensions Reforestation costs, Reforestation Costs Section 179 expense deduction Automobile, Limits for passenger automobiles. Free tax extensions Business income, Business Income Limit Dollar, Dollar Limits Time to keep records, How Long To Keep Records Listed property Defined, What Is Listed Property? Passenger automobile, Passenger automobiles. Free tax extensions Rules, Additional Rules for Listed Property Livestock, Section 1231 transactions. Free tax extensions Casualty and theft losses, Livestock or produce bought for resale. Free tax extensions Crop shares, Crop shares you use to feed livestock. Free tax extensions Depreciation, Livestock. Free tax extensions Diseased, Diseased livestock. Free tax extensions Feed assistance, Feed Assistance and Payments Immature, Immature livestock. Free tax extensions Losses, Loss of livestock. Free tax extensions , Livestock Purchased, Purchased livestock. Free tax extensions Raised, Raised livestock. Free tax extensions Sale of, Sales of Farm Products, Livestock Unit-livestock-price, inventory valuation, Unit-livestock-price method. Free tax extensions Used in a farm business, Livestock used in farm business. Free tax extensions Weather-related sales, Sales Caused by Weather-Related Conditions, Weather-related sales of livestock. Free tax extensions Loans, Commodity Credit Corporation (CCC) Loans, Loan expenses. Free tax extensions Losses At-risk limits, At-Risk Limits Casualty, Casualties, Thefts, and Condemnations Disaster areas, Disaster Area Losses Farming, Farming Losses Growing crops, Loss of growing plants, produce, and crops. Free tax extensions Hobby farming, Not-for-Profit Farming Livestock, Livestock, Diseased livestock. Free tax extensions Nondeductible, Other Nondeductible Items Theft, Casualties, Thefts, and Condemnations Lost income payments, Lost income payments. Free tax extensions Lost property, Mislaid or lost property. Free tax extensions M MACRS property Involuntary conversion, Property acquired in a like-kind exchange or involuntary conversion. Free tax extensions Like-kind exchange, Property acquired in a like-kind exchange or involuntary conversion. Free tax extensions Nontaxable transfer, Property acquired in a nontaxable transfer. Free tax extensions Market gain, reporting, Market Gain Marketing quota penalties, Marketing Quota Penalties Material participation, Landlord Participation in Farming Meals, Meals. Free tax extensions Membership fees, Club dues and membership fees. Free tax extensions Methods of accounting, Accounting Methods Modified ACRS (MACRS) ADS election, ADS election. Free tax extensions Conventions, Which Convention Applies? Depreciation methods, Which Depreciation Method Applies? Exchange, Property acquired in a like-kind exchange or involuntary conversion. Free tax extensions Figuring the deduction, How Is the Depreciation Deduction Figured? Involuntary conversion, Property acquired in a like-kind exchange or involuntary conversion. Free tax extensions Nontaxable transfer, Property acquired in a nontaxable transfer. Free tax extensions Percentage tables, Rules for using the tables. Free tax extensions Property classes, Which Property Class Applies Under GDS? Recovery periods, Which Recovery Period Applies? N New hire reporting, New hire reporting. Free tax extensions Noncapital asset, Noncapital Assets Nontaxable exchanges, Like-Kind Exchanges Nontaxable transfer of MACRS property, Property acquired in a nontaxable transfer. Free tax extensions Not-for-profit farming, Not-for-Profit Farming O Organizational costs, Business start-up and organizational costs. Free tax extensions P Partners, limited, Limited partner. Free tax extensions Partners, retired, Retired partner. Free tax extensions Partners, Spouse, Business Owned and Operated by Spouses. Free tax extensions Partnership, Partnership income or loss. Free tax extensions Passenger automobile, Passenger automobiles. Free tax extensions Pasture income, Pasture income and rental. Free tax extensions Patronage dividends, Patronage Dividends Payments considered received, Payments Received or Considered Received Payments received, Payments Received or Considered Received Penalties Estimated tax, Estimated Tax Penalty for 2013 Returns, Estimated Tax Penalty for 2013 Trust fund recovery, Trust fund recovery penalty. Free tax extensions Per-unit retain certificates, Per-Unit Retain Certificates Personal expenses, Personal, Living, and Family Expenses Placed in service, Placed in Service, What Is the Placed-in-Service Date? Postponing casualty gain, Postponing Gain Prepaid expense Advance premiums, Advance premiums. Free tax extensions Extends useful life, Prepayment. Free tax extensions Farm supplies, Prepaid Farm Supplies Livestock feed, Prepaid Livestock Feed Prizes, Prizes. Free tax extensions Produce, Sales of Farm Products Property Changed to business use, Property changed from personal to business or rental use. Free tax extensions Received for services, Property received for services. Free tax extensions Repairs and improvements, How Do You Treat Repairs and Improvements? Section 1231, Section 1231 transactions. Free tax extensions Section 1245, Section 1245 Property Section 1250, Section 1250 Property Section 1252, Section 1252 property. Free tax extensions Section 1255, Section 1255 property. Free tax extensions Tangible personal, Tangible personal property. Free tax extensions Publications (see Tax help) Q Qualified disaster relief payments, Qualified disaster relief payments. Free tax extensions Qualified farm debt, Qualified Farm Debt Qualified joint venture, Qualified joint venture. Free tax extensions Qualified principal residence debt, Qualified Principal Residence Debt R Recapture Amortization, Depreciation and amortization. Free tax extensions Basis reductions, Recapture of basis reductions. Free tax extensions Certain depreciation, Recapture of certain depreciation. Free tax extensions Cost-sharing payments, Recapture. Free tax extensions Depreciation, When Do You Recapture MACRS Depreciation?, Depreciation Recapture, Depreciation recapture. Free tax extensions Section 1245 property, Section 1245 Property Section 1250 property, Section 1250 Property Section 179 expense deduction, When Must You Recapture the Deduction? Section 179 GO Zone property, Recapture for qualified section 179 GO Zone property. Free tax extensions Special depreciation allowance, When Must You Recapture an Allowance Recordkeeping, Importance of Records, Meals. Free tax extensions Records on depreciable property, Depreciation Recapture Reforestation costs, Forestation and reforestation costs. Free tax extensions , Reforestation Costs Refund Deduction taken, Refund or reimbursement. Free tax extensions Fuel tax, Fuel tax credit and refund. Free tax extensions , Including the Credit or Refund in Income Reimbursements Casualties and thefts, Casualty and theft losses. Free tax extensions , Casualties and Thefts, Insurance and other reimbursements. Free tax extensions Deduction taken, Refund or reimbursement. Free tax extensions Expenses, Reimbursed expenses. Free tax extensions Feed assistance, Feed Assistance and Payments Real estate taxes, Real estate taxes. Free tax extensions Reforestation expenses, Qualifying costs. Free tax extensions To employees, Reimbursements to employees. Free tax extensions Related persons, Special rule for related persons. Free tax extensions , Losses from sales or exchanges between related persons. Free tax extensions , Special rules for related persons. Free tax extensions , Like-kind exchanges between related persons. Free tax extensions , Sale to a related person. Free tax extensions , Buying replacement property from a related person. Free tax extensions , Related persons. Free tax extensions Rental income, Rents (Including Crop Shares) Rented property, improvements, Improvements to rented property. Free tax extensions Repairs, Repairs and Maintenance Repairs and improvements, How Do You Treat Repairs and Improvements? Repayment of income, Repayment of income. Free tax extensions Replacement Period, Replacement Period Property, Replacement Property Reportable transactions. Free tax extensions , Reminders Repossessions, Foreclosure or Repossession Right-of-way income, Easements and rights-of-way. Free tax extensions S Sale of home, Sale of your home. Free tax extensions Section 179 expense deduction, Section 179 Expense Deduction How to elect, How Do You Elect the Deduction? Listed property, Additional Rules for Listed Property Qualifying property, What Property Qualifies? Recapture, When Must You Recapture the Deduction? Self-employed health insurance, Self-employed health insurance deduction. Free tax extensions Self-employed health insurance deduction, Self-employed health insurance deduction. Free tax extensions Self-employment tax Community property, Community property. Free tax extensions Deduction, Deduction for employer-equivalent portion of self-employment tax. Free tax extensions How to pay, How To Pay Self-Employment Tax Landlord participation, Landlord Participation in Farming Material participation, Material participation for landlords. Free tax extensions Maximum net earnings, What's New for 2013 Methods for figuring net earnings, Methods for Figuring Net Earnings Optional method, Farm Optional Method Regular method, Regular Method Rental income, Landlord Participation in Farming Reporting, Reporting Self-Employment Tax Self-employment tax rate, Self-employment tax rate. Free tax extensions Share farming, Share farmer. Free tax extensions Tax rates, What's New for 2013 Who must pay, Who Must Pay Self-Employment Tax? Selling expenses, Selling expenses. Free tax extensions Selling price Defined, Selling price. Free tax extensions Reduced, Selling price reduced. Free tax extensions Settlement costs (fees), Settlement costs. Free tax extensions Social security and Medicare Credits of coverage, Earning credits in 2013. Free tax extensions Withholding of tax, Social Security and Medicare Taxes Social security number, Obtaining a social security number. Free tax extensions Software, computer, Computer software. Free tax extensions Soil Conservation, Conservation Expenses Contamination, Soil or other environmental contamination. Free tax extensions Special depreciation allowance How to elect not to claim, How Can You Elect Not To Claim the Allowance? Recapture, When Must You Recapture an Allowance Standard mileage rate, Standard mileage rate. Free tax extensions Start-up costs for businesses, Business start-up and organizational costs. Free tax extensions Suggestions for publication, Comments and suggestions. Free tax extensions T Tangible personal property, Tangible personal property. Free tax extensions Tax help, How To Get Tax Help Tax preparation fees, Tax preparation fees. Free tax extensions Tax shelter At-risk limits, At-Risk Limits Defined, Tax shelter. Free tax extensions Tax-free exchanges, Like-Kind Exchanges Taxes Excise, Excise Taxes Federal use, Highway use tax. Free tax extensions General, Taxes Self-employment, Self-Employment Tax State and federal, State and federal income taxes. Free tax extensions State and local general sales, State and local general sales taxes. Free tax extensions Withholding, Federal income tax withholding. Free tax extensions , Social Security and Medicare Taxes, Federal Income Tax Withholding Telephone expense, Telephone expense. Free tax extensions Tenant house expenses, Tenant House Expenses Term interests, Certain term interests in property. Free tax extensions Theft losses, Casualties, Thefts, and Condemnations Timber, Timber. Free tax extensions , Timber Depletion, Timber Tobacco quota buyout payments, Tobacco Quota Buyout Program Payments Tobacco settlement payments, National Tobacco Growers' Settlement Trust Fund Payments Trade-in, Sale and Purchase Travel expenses, Travel Expenses Truck expenses, Truck and Car Expenses Trust fund recovery penalty, Trust fund recovery penalty. Free tax extensions TTY/TDD information, How To Get Tax Help U Uniform capitalization rules Basis of assets, Uniform Capitalization Rules Inventory, Uniform capitalization rules. Free tax extensions Unstated interest, Unstated interest. Free tax extensions W Wages and salaries, Wages and salaries. Free tax extensions Water conservation, Conservation Expenses Water well, Water well. Free tax extensions , Water wells. Free tax extensions Weather-related sales, livestock, Sales Caused by Weather-Related Conditions, Weather-related sales of livestock. Free tax extensions Withholding Income tax, Federal Income Tax Withholding Social security and Medicare tax, Social Security and Medicare Taxes Prev  Up     Home   More Online Publications