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Irs 2010 Tax Forms

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Irs 2010 Tax Forms

Irs 2010 tax forms Index Symbols 529 program (see Qualified tuition program (QTP)) A Academic period American opportunity credit, Academic period. Irs 2010 tax forms Lifetime learning credit, Academic period. Irs 2010 tax forms Student loan interest deduction, Academic period. Irs 2010 tax forms Tuition and fees deduction, Academic period. Irs 2010 tax forms Accountable plans, Accountable Plans, Allocating your reimbursements for meals. Irs 2010 tax forms Additional tax Coverdell ESA On excess contributions, Additional Tax on Excess Contributions, Figuring and reporting the additional tax. Irs 2010 tax forms On taxable distributions, Additional Tax on Taxable Distributions IRA distributions, education exception, Education Exception to Additional Tax on Early IRA Distributions Qualified tuition program (QTP), on taxable distributions, Additional Tax on Taxable Distributions Adjusted qualified education expenses (see Qualified education expenses) American opportunity credit Adjustments to qualified education expenses, Adjustments to Qualified Education Expenses Claiming dependent's expenses, Who Can Claim a Dependent's Expenses, Tuition reduction. Irs 2010 tax forms Tuition reduction, Tuition reduction. Irs 2010 tax forms Claiming the credit, Can You Claim the Credit, Who Cannot Claim the Credit, Claiming the Credit Qualifying to claim (Figure 2-1), Coordination with Coverdell ESA distributions, Figuring the Taxable Portion of a Distribution Coordination with qualified tuition program (QTP) distributions, Coordination With American Opportunity and Lifetime Learning Credits Eligible educational institution, Eligible educational institution. Irs 2010 tax forms Eligible student, Who Is an Eligible Student Requirements (Figure 2-2), Expenses qualifying for, What Expenses Qualify, Adjustments to Qualified Education Expenses Figuring the credit, Figuring the Credit Income level, effect on amount of credit, Effect of the Amount of Your Income on the Amount of Your Credit, Phaseout. Irs 2010 tax forms Income limits, Effect of the Amount of Your Income on the Amount of Your Credit, Phaseout. Irs 2010 tax forms Modified adjusted gross income (MAGI), Modified adjusted gross income (MAGI). Irs 2010 tax forms Worksheet 2-1, Claiming the Credit Overview of American opportunity credit (Table 2-1), Introduction Phaseout, Phaseout. Irs 2010 tax forms Qualified education expenses, Qualified Education Expenses Tax benefit of, What is the tax benefit of the American opportunity credit. Irs 2010 tax forms Armed Forces Health Professions Scholarship and Financial Assistance Program, Exceptions. Irs 2010 tax forms Assistance (see Tax help) Athletic scholarships, Athletic Scholarships B Bar review course, Bar or CPA Review Course Bonds, education savings (see Education savings bond program) Business deduction for work-related education, Business Deduction for Work-Related Education, Illustrated Example Accountable plans, Accountable Plans, Allocating your reimbursements for meals. Irs 2010 tax forms Adjustments to qualifying work-related education expenses, Adjustments to Qualifying Work-Related Education Expenses Allocating meal reimbursements, Allocating your reimbursements for meals. Irs 2010 tax forms Deductible education expenses, What Expenses Can Be Deducted, Adjustments to Qualifying Work-Related Education Expenses Deducting business expenses, Deducting Business Expenses, Impairment-Related Work Expenses Double benefit not allowed, No Double Benefit Allowed Education required by employer or by law, Education Required by Employer or by Law Education to maintain or improve skills, Education To Maintain or Improve Skills Education to meet minimum requirements, Education To Meet Minimum Requirements, Certification in a new state. Irs 2010 tax forms Education to qualify for new trade or business, Education That Qualifies You for a New Trade or Business, Teaching and Related Duties Excess expenses, accountable plan, Excess expenses. Irs 2010 tax forms , Allocating your reimbursements for meals. Irs 2010 tax forms Indefinite absence, Education during indefinite absence. Irs 2010 tax forms Maintaining skills vs. Irs 2010 tax forms qualifying for new job, Maintaining skills vs. Irs 2010 tax forms qualifying for new job. Irs 2010 tax forms Nonaccountable plans, Nonaccountable Plans Nondeductible expenses, Nondeductible expenses. Irs 2010 tax forms Qualified education expenses, What Expenses Can Be Deducted, Adjustments to Qualifying Work-Related Education Expenses Recordkeeping requirements, Recordkeeping, Examples of records to keep. Irs 2010 tax forms Reimbursements, treatment of, How To Treat Reimbursements, Reimbursements for nondeductible expenses. Irs 2010 tax forms Tax benefit of, What is the tax benefit of taking a business deduction for work-related education. Irs 2010 tax forms Tax-free educational assistance, Tax-free educational assistance. Irs 2010 tax forms Teachers, Requirements for Teachers, Teaching and Related Duties Temporary absence to acquire education, Education during temporary absence. Irs 2010 tax forms Transportation expenses, Transportation Expenses, Using your car. Irs 2010 tax forms Travel expenses, Travel Expenses C Cancellation of student loan (see Student loan cancellation) Candidate for a degree Scholarships and fellowships, Candidate for a degree. Irs 2010 tax forms Change of designated beneficiary Coverdell ESA, Changing the Designated Beneficiary Qualified tuition program, Changing the Designated Beneficiary Collapsed loans, Interest on refinanced student loans. Irs 2010 tax forms Comprehensive or bundled fees American opportunity credit, Comprehensive or bundled fees. Irs 2010 tax forms Lifetime learning credit, Comprehensive or bundled fees. Irs 2010 tax forms Tuition and fees deduction, Comprehensive or bundled fees. Irs 2010 tax forms Consolidated loans used to refinance student loans, Interest on refinanced student loans. Irs 2010 tax forms Conventions outside U. Irs 2010 tax forms S. Irs 2010 tax forms , Cruises and conventions. Irs 2010 tax forms Coverdell education savings account (ESA), Coverdell Education Savings Account (ESA), Figuring the Taxable Portion of a Distribution, Coordination With American Opportunity and Lifetime Learning Credits, Worksheet 7-3. Irs 2010 tax forms Coverdell ESA—Taxable Distributions and Basis Additional tax On excess contributions, Additional Tax on Excess Contributions, Figuring and reporting the additional tax. Irs 2010 tax forms On taxable distributions, Additional Tax on Taxable Distributions Assets to be distributed at age 30 or death of beneficiary, When Assets Must Be Distributed Contribution limits, Contribution Limits, Figuring the limit. Irs 2010 tax forms Figuring the limit (Worksheet 6-2), Figuring the limit. Irs 2010 tax forms Contributions to, Contributions, Figuring and reporting the additional tax. Irs 2010 tax forms Table 7-2, Contributions Coordination with American opportunity and lifetime learning credits, Coordination With American Opportunity and Lifetime Learning Credits Coordination with qualified tuition program (QTP), Coordination With Qualified Tuition Program (QTP) Distributions Defined, What Is a Coverdell ESA Distributions, Distributions, How To Figure the Taxable Earnings Overview (Table 7-3), Distributions Divorce, transfer due to, Transfer Because of Divorce Eligible educational institution, Eligible Educational Institution Figuring taxable portion of distribution, Figuring the Taxable Portion of a Distribution Worksheet 7-3, Worksheet 7-3. Irs 2010 tax forms Coverdell ESA—Taxable Distributions and Basis Figuring the taxable earnings in required distribution, How To Figure the Taxable Earnings Losses, Losses on Coverdell ESA Investments Modified adjusted gross income (MAGI), Modified adjusted gross income (MAGI). Irs 2010 tax forms , MAGI when using Form 1040NR-EZ. Irs 2010 tax forms Worksheet 6-1, Worksheet 7-1. Irs 2010 tax forms MAGI for a Coverdell ESA Overview (Table 6-1), Coverdell Education Savings Account (ESA) Qualified education expenses, Qualified Education Expenses, Qualified Elementary and Secondary Education Expenses Rollovers, Rollovers Tax benefit of, What is the tax benefit of the Coverdell ESA. Irs 2010 tax forms Tax-free distributions, Tax-Free Distributions Taxable distributions, Taxable Distributions, Figuring the additional tax. Irs 2010 tax forms Worksheet 7-3 to figure, Worksheet 7-3. Irs 2010 tax forms Coverdell ESA—Taxable Distributions and Basis Transfers, Rollovers CPA review course, Bar or CPA Review Course Credits American opportunity (see American opportunity credit) Lifetime learning (see Lifetime learning credit) Cruises, educational, Cruises and conventions. Irs 2010 tax forms D Deductions (see Business deduction for work-related education) Designated beneficiary Coverdell ESA, What Is a Coverdell ESA, Changing the Designated Beneficiary Qualified tuition program (QTP), Designated beneficiary. Irs 2010 tax forms , Changing the Designated Beneficiary Disabilities, persons with Impairment-related work expenses, Impairment-Related Work Expenses Distributions (see specific benefit ) Divorce Coverdell ESA transfer due to, Transfer Because of Divorce Expenses paid under decree American opportunity credit, Expenses paid by dependent. Irs 2010 tax forms Lifetime learning credit, Expenses paid by dependent. Irs 2010 tax forms Tuition and fees deduction, Expenses paid under divorce decree. Irs 2010 tax forms Double benefit not allowed American opportunity credit, No Double Benefit Allowed Lifetime learning credit, No Double Benefit Allowed Student loan interest deduction, No Double Benefit Allowed Tuition and fees deduction, No Double Benefit Allowed Work-related education, No Double Benefit Allowed E Early distributions from IRAs, Education Exception to Additional Tax on Early IRA Distributions, Reporting Early Distributions Eligible educational institution, Eligible educational institution. Irs 2010 tax forms Figuring amount not subject to 10% tax, Figuring the Amount Not Subject to the 10% Tax Qualified education expenses, Qualified education expenses. Irs 2010 tax forms Reporting, Reporting Early Distributions Education IRA (see Coverdell education savings account (ESA)) Education loans (see Student loan interest deduction) Education savings account (see Coverdell education savings account (ESA)) Education savings bond program Cashing in bonds tax free, Who Can Cash In Bonds Tax Free, MAGI when using Form 1040. Irs 2010 tax forms Claiming dependent's exemption, Dependent for whom you claim an exemption. Irs 2010 tax forms Claiming exclusion, Claiming the Exclusion Eligible educational institution, Eligible educational institution. Irs 2010 tax forms Figuring tax-free amount, Figuring the Tax-Free Amount Income level, effect on amount of exclusion, Effect of the Amount of Your Income on the Amount of Your Exclusion Modified adjusted gross income (MAGI), Modified adjusted gross income (MAGI). Irs 2010 tax forms , MAGI when using Form 1040. Irs 2010 tax forms Phaseout, Effect of the Amount of Your Income on the Amount of Your Exclusion Qualified education expenses, Qualified education expenses. Irs 2010 tax forms Educational assistance, employer-provided (see Employer-provided educational assistance) Eligible educational institution American opportunity credit, Eligible educational institution. Irs 2010 tax forms Cancellation of student loan, Eligible educational institution. Irs 2010 tax forms Coverdell ESA, Eligible Educational Institution Early distributions from IRAs, Eligible educational institution. Irs 2010 tax forms Education savings bond program, Eligible educational institution. Irs 2010 tax forms Lifetime learning credit, Eligible educational institution. Irs 2010 tax forms Qualified tuition program (QTP), Eligible educational institution. Irs 2010 tax forms Qualified tuition reduction, Qualified Tuition Reduction Scholarships and fellowships, Eligible educational institution. Irs 2010 tax forms , Eligible educational institution. Irs 2010 tax forms Student loan cancellation, Eligible educational institution. Irs 2010 tax forms Student loan interest deduction, Eligible educational institution. Irs 2010 tax forms Tuition and fees deduction, Eligible educational institution. Irs 2010 tax forms Eligible elementary or secondary school Coverdell ESA, Eligible elementary or secondary school. Irs 2010 tax forms Eligible student American opportunity credit, Who Is an Eligible Student Lifetime learning credit, Who Is an Eligible Student Student loan interest deduction, Eligible student. Irs 2010 tax forms Tuition and fees deduction, Who Is an Eligible Student Employees Deducting work-related education expenses, Employees Employer-provided educational assistance, Employer-Provided Educational Assistance, Working condition fringe benefit. Irs 2010 tax forms ESAs (see Coverdell education savings account (ESA)) Estimated tax, Reminders Excess contributions Coverdell ESA, Additional Tax on Excess Contributions, Figuring and reporting the additional tax. Irs 2010 tax forms Excess expenses, accountable plan, Excess expenses. Irs 2010 tax forms , Allocating your reimbursements for meals. Irs 2010 tax forms Expenses (see specific benefit ) F Family members, beneficiary Coverdell ESA, Members of the beneficiary's family. Irs 2010 tax forms Qualified tuition program (QTP), Members of the beneficiary's family. Irs 2010 tax forms Fee-basis officials, work-related education deduction, Performing Artists and Fee-Basis Officials Fellowships (see Scholarships and fellowships) Figures (see Tables and figures) Financial aid (see Scholarships and fellowships) Form 1098-E Student loan interest deduction, Loan origination fee. Irs 2010 tax forms , Form 1098-E. Irs 2010 tax forms Form 1098-T, Reminders American opportunity credit, Form 1098-T. Irs 2010 tax forms Lifetime learning credit, Form 1098-T. Irs 2010 tax forms Tuition and fees deduction, Form 1098-T. Irs 2010 tax forms Form 1099-Q Coverdell ESA, Exceptions. Irs 2010 tax forms , Earnings and basis. Irs 2010 tax forms Qualified tuition program (QTP), Earnings and return of investment. Irs 2010 tax forms Form 1099-R Early distributions from IRAs, Reporting Early Distributions Form 2106, 50% limit on meals. Irs 2010 tax forms , Form 2106 or 2106-EZ. Irs 2010 tax forms Form 2106-EZ, 50% limit on meals. Irs 2010 tax forms , Form 2106 or 2106-EZ. Irs 2010 tax forms , Using Form 2106-EZ. Irs 2010 tax forms Filled-in example, Form 5329 Coverdell ESA, Figuring the additional tax. Irs 2010 tax forms Early distributions from IRAs, Reporting Early Distributions Qualified tuition program (QTP), Figuring the additional tax. Irs 2010 tax forms Form 8815, MAGI when using Form 1040. Irs 2010 tax forms , Claiming the Exclusion Form 8863 Filled-in examples, Form 8917 Filled-in examples, Form W-9S, Form 1098-T. Irs 2010 tax forms , Form 1098-T. Irs 2010 tax forms , Form 1098-E. Irs 2010 tax forms , Form 1098-T. Irs 2010 tax forms Free tax services, Free help with your tax return. Irs 2010 tax forms Fulbright grants, Fulbright Grants G Glossary, Glossary. Irs 2010 tax forms , Glossary, Transfer: Graduate education tuition reduction, Graduate Education Grants Fulbright, Fulbright Grants Pell, Pell Grants and Other Title IV Need-Based Education Grants Title IV need-based education, Pell Grants and Other Title IV Need-Based Education Grants H Half-time student American opportunity credit, Enrolled at least half-time. Irs 2010 tax forms Coverdell ESA, Half-time student. Irs 2010 tax forms Early distributions from IRAs, Half-time student. Irs 2010 tax forms Student loan interest deduction, Enrolled at least half-time. Irs 2010 tax forms Help (see Tax help) I Illustrated example of education credits (Appendix A), Appendix A. Irs 2010 tax forms Illustrated Example of Education Credits, Impairment-related work expenses Work-related education deduction, Impairment-Related Work Expenses Individual retirement arrangements (IRAs), Coverdell Education Savings Account (ESA) Early distributions (see Early distributions from IRAs) L Lifetime learning credit, Differences between the American opportunity and lifetime learning credits. Irs 2010 tax forms Academic period, Academic period. Irs 2010 tax forms Adjustments to qualified education expenses, Adjustments to Qualified Education Expenses Claiming dependent's expenses, Who Can Claim a Dependent's Expenses Tuition reduction, Tuition reduction. Irs 2010 tax forms Claiming the credit, Can You Claim the Credit, Who Cannot Claim the Credit, Claiming the Credit Qualifying to claim (Figure 3-1), Coordination with Coverdell ESA distributions, Figuring the Taxable Portion of a Distribution, Coordination With American Opportunity and Lifetime Learning Credits Coordination with qualified tuition program (QTP) distributions, Coordination With American Opportunity and Lifetime Learning Credits Eligible educational institution, Eligible educational institution. Irs 2010 tax forms Eligible student, Who Is an Eligible Student Expenses qualifying for, What Expenses Qualify, Amounts that do not reduce qualified education expenses. Irs 2010 tax forms Figuring the credit, Figuring the Credit, Claiming the Credit Income level, effect on amount of credit, Effect of the Amount of Your Income on the Amount of Your Credit Income limits, Effect of the Amount of Your Income on the Amount of Your Credit Modified adjusted gross income (MAGI), Modified adjusted gross income (MAGI). Irs 2010 tax forms Worksheet 3-1, MAGI when using Form 1040. Irs 2010 tax forms Overview (Table 3-1), Table 3-1. Irs 2010 tax forms Overview of the Lifetime Learning Credit Phaseout, Phaseout. Irs 2010 tax forms Qualified education expenses, Qualified Education Expenses, Amounts that do not reduce qualified education expenses. Irs 2010 tax forms Qualifying to claim (Figure 3-1), Tax benefit of, What is the tax benefit of the lifetime learning credit. Irs 2010 tax forms Loans Cancellation (see Student loan cancellation) Capitalized interest on student loan, Capitalized interest. Irs 2010 tax forms Origination fees on student loan, Loan origination fee. Irs 2010 tax forms Qualified education expenses paid with American opportunity credit, Academic period. Irs 2010 tax forms Lifetime learning credit, Paid with borrowed funds. Irs 2010 tax forms Student loan repayment assistance, Student Loan Repayment Assistance Losses, deducting Coverdell ESA, Losses on Coverdell ESA Investments Qualified tuition program (QTP), Losses on QTP Investments Luxury water transportation, Cruises and conventions. Irs 2010 tax forms M Mileage deduction for work-related education, What's New, Using your car. Irs 2010 tax forms Military academy cadets, Payment to Service Academy Cadets Missing children, photographs of, Reminders Modified adjusted gross income (MAGI) American opportunity credit Worksheet 2-1, Claiming the Credit Coverdell ESA, Modified adjusted gross income (MAGI). Irs 2010 tax forms , MAGI when using Form 1040NR-EZ. Irs 2010 tax forms Worksheet 6-1, Worksheet 7-1. Irs 2010 tax forms MAGI for a Coverdell ESA Education savings bond program, Modified adjusted gross income (MAGI). Irs 2010 tax forms , MAGI when using Form 1040. Irs 2010 tax forms Lifetime learning credit, Modified adjusted gross income (MAGI). Irs 2010 tax forms Worksheet 3-1, MAGI when using Form 1040. Irs 2010 tax forms Student loan interest deduction, Modified adjusted gross income (MAGI). Irs 2010 tax forms Table 4-2, Table 4-2. Irs 2010 tax forms Effect of MAGI on Student Loan Interest Deduction Tuition and fees deduction, Modified adjusted gross income (MAGI). Irs 2010 tax forms Table 6-2, Table 6-2. Irs 2010 tax forms Effect of MAGI on Maximum Tuition and Fees Deduction Worksheet 6-1, Worksheet 6-1. Irs 2010 tax forms MAGI for the Tuition and Fees Deduction N National Health Service Corps Scholarship Program, Exceptions. Irs 2010 tax forms , Exceptions. Irs 2010 tax forms Nonaccountable plans Work-related education, Nonaccountable Plans P Pell grants, Pell Grants and Other Title IV Need-Based Education Grants, Coordination with Pell grants and other scholarships. Irs 2010 tax forms , Coordination with Pell grants and other scholarships. Irs 2010 tax forms Performing artists, work-related education deduction, Performing Artists and Fee-Basis Officials Phaseout American opportunity credit, Phaseout. Irs 2010 tax forms Education savings bond program, Effect of the Amount of Your Income on the Amount of Your Exclusion Lifetime learning credit, Phaseout. Irs 2010 tax forms Student loan interest deduction, Phaseout. Irs 2010 tax forms , Effect of the Amount of Your Income on the Amount of Your Deduction Publications (see Tax help) Q Qualified education expenses Adjustments to American opportunity credit, Adjustments to Qualified Education Expenses Coverdell ESA, Adjusted qualified education expenses. Irs 2010 tax forms Education savings bond program, Adjusted qualified education expenses. Irs 2010 tax forms Lifetime learning credit, Adjustments to Qualified Education Expenses Qualified tuition program (QTP), Adjusted qualified education expenses. Irs 2010 tax forms Student loan interest deduction, Adjustments to Qualified Education Expenses Tuition and fees deduction, Adjustments to Qualified Education Expenses Work-related education, Adjustments to Qualifying Work-Related Education Expenses American opportunity credit, Qualified Education Expenses, Adjustments to Qualified Education Expenses Coverdell ESA, Qualified Education Expenses, Qualified Elementary and Secondary Education Expenses Early distributions from IRAs, Qualified education expenses. Irs 2010 tax forms Education savings bond program, Qualified education expenses. Irs 2010 tax forms Expenses not qualified American opportunity credit, Expenses That Do Not Qualify, Comprehensive or bundled fees. Irs 2010 tax forms Lifetime learning credit, Expenses That Do Not Qualify Tuition and fees deduction, Expenses That Do Not Qualify Lifetime learning credit, Qualified Education Expenses, Amounts that do not reduce qualified education expenses. Irs 2010 tax forms Qualified tuition program (QTP), Qualified education expenses. Irs 2010 tax forms Scholarships and fellowships, Qualified education expenses. Irs 2010 tax forms Student loan interest deduction, Qualified Education Expenses Tuition and fees deduction, What Expenses Qualify, Adjustments to Qualified Education Expenses Work-related education, What Expenses Can Be Deducted, Adjustments to Qualifying Work-Related Education Expenses Qualified elementary and secondary education expenses Coverdell ESAs, Qualified Elementary and Secondary Education Expenses Qualified employer plans Student loan interest deduction not allowed, Qualified employer plan. Irs 2010 tax forms Qualified student loans, Qualified Student Loan, Qualified employer plan. Irs 2010 tax forms Qualified tuition program (QTP), Qualified Tuition Program (QTP), Changing the Designated Beneficiary Additional tax on taxable distributions, Additional Tax on Taxable Distributions Change of designated beneficiary, Changing the Designated Beneficiary Contributions to, How Much Can You Contribute Coordination with American opportunity and lifetime learning credits, Coordination With American Opportunity and Lifetime Learning Credits Coordination with Coverdell ESA distributions, Coordination With Coverdell ESA Distributions Defined, What Is a Qualified Tuition Program Eligible educational institution, Eligible educational institution. Irs 2010 tax forms Figuring taxable portion of distribution, Figuring the Taxable Portion of a Distribution, Losses on QTP Investments Losses, Losses on QTP Investments Qualified education expenses, Qualified education expenses. Irs 2010 tax forms Rollovers, Rollovers and Other Transfers, Changing the Designated Beneficiary Tax benefit of, What is the tax benefit of a QTP. Irs 2010 tax forms Taxability of distributions, Are Distributions Taxable, Figuring the additional tax. Irs 2010 tax forms Taxable earnings, Taxable earnings. Irs 2010 tax forms Transfers, Rollovers and Other Transfers, Changing the Designated Beneficiary Qualified tuition reduction, Qualified Tuition Reduction, How To Report Qualified U. Irs 2010 tax forms S. Irs 2010 tax forms savings bonds, Qualified U. Irs 2010 tax forms S. Irs 2010 tax forms savings bonds. Irs 2010 tax forms Qualifying work-related education, Qualifying Work-Related Education, Teaching and Related Duties Determining if qualified (Figure 11-1), R Recapture American opportunity credit, Credit recapture. Irs 2010 tax forms Lifetime learning credit, Credit recapture. Irs 2010 tax forms Tuition and fees deduction, Credit recapture. Irs 2010 tax forms Recordkeeping requirements Work-related education, Recordkeeping, Examples of records to keep. Irs 2010 tax forms Refinanced student loans, Interest on refinanced student loans. Irs 2010 tax forms , Refinanced Loan Reimbursements Nondeductible expenses, Reimbursements for nondeductible expenses. Irs 2010 tax forms Work-related education, How To Treat Reimbursements, Reimbursements for nondeductible expenses. Irs 2010 tax forms Related persons Coverdell ESA, Members of the beneficiary's family. Irs 2010 tax forms Qualified tuition program (QTP), Members of the beneficiary's family. Irs 2010 tax forms Student loan interest deduction, Related person. Irs 2010 tax forms Repayment programs (see Student loan repayment assistance) Reporting American opportunity credit, Claiming the Credit Coverdell ESA, Exceptions. Irs 2010 tax forms , Figuring and reporting the additional tax. Irs 2010 tax forms , Figuring the Taxable Portion of a Distribution, Figuring the additional tax. Irs 2010 tax forms Early distributions from IRAs, Reporting Early Distributions Education savings bond program, Claiming the Exclusion Lifetime learning credit, Claiming the Credit Qualified tuition program (QTP), Taxable earnings. Irs 2010 tax forms , Losses on QTP Investments, Rollovers Scholarships and fellowships, taxable, Reporting Scholarships and Fellowships Student loan interest deduction, Claiming the Deduction Tuition and fees deduction, Claiming the Deduction Tuition reduction, taxable, How To Report Work-related education expenses, Deducting Business Expenses, Impairment-Related Work Expenses Revolving lines of credit, interest on, Interest on revolving lines of credit. Irs 2010 tax forms Rollovers Coverdell ESA, Rollovers Qualified tuition program (QTP), Rollovers and Other Transfers, Changing the Designated Beneficiary S Scholarships and fellowships, Scholarships and Fellowships, Form 1040NR-EZ. Irs 2010 tax forms , Coordination with Pell grants and other scholarships. Irs 2010 tax forms , Coordination with Pell grants and other scholarships. Irs 2010 tax forms Athletic scholarships, Athletic Scholarships Eligible educational institution, Eligible educational institution. Irs 2010 tax forms , Eligible educational institution. Irs 2010 tax forms Figuring tax-free and taxable parts (Worksheet 1-1), Worksheet 1-1. Irs 2010 tax forms Qualified education expenses, Qualified education expenses. Irs 2010 tax forms Reporting, Reporting Scholarships and Fellowships Scholarship, defined, Scholarships and Fellowships Tax treatment of (Table 1-1), Tax-Free Scholarships and Fellowships Tax-free, Tax-Free Scholarships and Fellowships, Athletic Scholarships Taxable, Taxable Scholarships and Fellowships Section 501(c)(3) organizations (see Student loan cancellation) Section 529 program (see Qualified tuition program (QTP)) Self-employed persons Deducting work-related education expenses, Self-Employed Persons Service academy cadets, Payment to Service Academy Cadets Sports, games, hobbies, and noncredit courses American opportunity credit, Sports, games, hobbies, and noncredit courses. Irs 2010 tax forms Education savings bond program, Qualified education expenses. Irs 2010 tax forms Lifetime learning credit, Sports, games, hobbies, and noncredit courses. Irs 2010 tax forms Tuition and fees deduction, Sports, games, hobbies, and noncredit courses. Irs 2010 tax forms Standard mileage rate Work-related education, What's New, Using your car. Irs 2010 tax forms State prepaid education accounts (see Qualified tuition program (QTP)) Student loan cancellation, Student Loan Cancellation Eligible educational institution, Eligible educational institution. Irs 2010 tax forms Section 501(c)(3) organizations, Section 501(c)(3) organization. Irs 2010 tax forms Student loan interest deduction Academic period, Academic period. Irs 2010 tax forms Adjustments to qualified education expenses, Adjustments to Qualified Education Expenses Allocation between interest and principal, Allocating Payments Between Interest and Principal Claiming the deduction, Claiming the Deduction Eligible educational institution, Eligible educational institution. Irs 2010 tax forms Eligible student, Eligible student. Irs 2010 tax forms Figuring the deduction, Figuring the Deduction, Which Worksheet To Use Include as interest, Include As Interest Income level, effect on amount of deduction, Effect of the Amount of Your Income on the Amount of Your Deduction Loan repayment assistance, Do Not Include As Interest Modified adjusted gross income (MAGI), Modified adjusted gross income (MAGI). Irs 2010 tax forms , Which Worksheet To Use Table 4-2, Table 4-2. Irs 2010 tax forms Effect of MAGI on Student Loan Interest Deduction Not included as interest, Do Not Include As Interest Phaseout, Phaseout. Irs 2010 tax forms , Effect of the Amount of Your Income on the Amount of Your Deduction Qualified education expenses, Qualified Education Expenses Qualified employer plans, Qualified employer plan. Irs 2010 tax forms Qualified student loans, Qualified Student Loan, Qualified employer plan. Irs 2010 tax forms Reasonable period of time, Reasonable period of time. Irs 2010 tax forms Related persons, Related person. Irs 2010 tax forms Student loan interest, defined, Student Loan Interest Defined, When Must Interest Be Paid Third party interest payments, Interest paid by others. Irs 2010 tax forms When interest must be paid, When Must Interest Be Paid Worksheet 4-1, Worksheet 4-1. Irs 2010 tax forms Student Loan Interest Deduction Worksheet Student loan repayment assistance, Student Loan Repayment Assistance Surviving spouse Coverdell ESA transfer to, Exception for Transfer to Surviving Spouse or Family Member T Tables and figures American opportunity credit Eligible student requirements (Figure 2-2), Overview (Table 2-1), Introduction Qualifying to claim (Figure 2-1), Comparison of education tax benefits (Appendix B), Coverdell ESAs Contributions to (Table 7-2), Contribution Limits Distributions (Table 7-3), Distributions Overview (Table 6-1), Coverdell Education Savings Account (ESA) Education credits Overview of American opportunity credit (Table 2-1), Introduction Overview of lifetime learning credit (Table 3-1), Table 3-1. Irs 2010 tax forms Overview of the Lifetime Learning Credit Lifetime learning credit Overview (Table 3-1), Table 3-1. Irs 2010 tax forms Overview of the Lifetime Learning Credit Qualifying to claim (Figure 3-1), Scholarships and fellowships, taxability of (Table 1-1), Tax-Free Scholarships and Fellowships Student loan interest deduction MAGI, effect of (Table 4-2), Table 4-2. Irs 2010 tax forms Effect of MAGI on Student Loan Interest Deduction Overview (Table 4-1), Table 4-1. Irs 2010 tax forms Student Loan Interest Deduction at a Glance Summary chart of differences between education tax benefits (Appendix B), Tuition and fees deduction MAGI, effect of (Table 6-2), Table 6-2. Irs 2010 tax forms Effect of MAGI on Maximum Tuition and Fees Deduction Overview (Table 6-1), Table 6-1. Irs 2010 tax forms Tuition and Fees Deduction at a Glance Work-related education, qualifying (Figure 112-1), Tax help, How To Get Tax Help Tax-free educational assistance American opportunity credit, Tax-free educational assistance. Irs 2010 tax forms Coverdell ESA, Adjusted qualified education expenses. Irs 2010 tax forms Early distributions from IRAs, Figuring the Amount Not Subject to the 10% Tax Education savings bond program, Adjusted qualified education expenses. Irs 2010 tax forms Lifetime learning credit, Tax-free educational assistance. Irs 2010 tax forms Qualified tuition program (QTP), Adjusted qualified education expenses. Irs 2010 tax forms Tuition and fees deduction, Tax-free educational assistance. Irs 2010 tax forms Work-related education, Tax-free educational assistance. Irs 2010 tax forms Taxable scholarships and fellowships, Taxable Scholarships and Fellowships Teachers, Requirements for Teachers, Teaching and Related Duties Temporary-basis student, transportation expenses of, Temporary basis. Irs 2010 tax forms Title IV need-based education grants, Pell Grants and Other Title IV Need-Based Education Grants Transfers Coverdell ESA, Rollovers Qualified tuition program (QTP), Rollovers and Other Transfers, Changing the Designated Beneficiary Transportation expenses Work-related education, Transportation Expenses, Using your car. Irs 2010 tax forms Travel expenses 50% limit on meals, 50% limit on meals. Irs 2010 tax forms Not deductible as form of education, Travel as Education Work-related education, Travel Expenses TTY/TDD information, How To Get Tax Help Tuition and fees deduction, Tuition and Fees Deduction, Illustrated Example Academic period, Academic period. Irs 2010 tax forms Adjustments to qualified education expenses, Adjustments to Qualified Education Expenses Can you claim the deduction, Can You Claim the Deduction Claiming dependent's expenses, Who Can Claim a Dependent's Expenses Claiming the deduction, Claiming the Deduction Double benefit not allowed, No Double Benefit Allowed Eligible educational institution, Eligible educational institution. Irs 2010 tax forms Eligible student, Who Is an Eligible Student Expenses not qualifying for, Expenses That Do Not Qualify Expenses qualifying for, What Expenses Qualify, Adjustments to Qualified Education Expenses Figuring the deduction, Figuring the Deduction, MAGI when using Form 1040. Irs 2010 tax forms Income level, effect on amount of deduction, Effect of the Amount of Your Income on the Amount of Your Deduction Loan used to pay tuition and fees, Paid with borrowed funds. Irs 2010 tax forms Modified adjusted gross income (MAGI), Modified adjusted gross income (MAGI). Irs 2010 tax forms Table 6-2, Table 6-2. Irs 2010 tax forms Effect of MAGI on Maximum Tuition and Fees Deduction Worksheet 6-1, Worksheet 6-1. Irs 2010 tax forms MAGI for the Tuition and Fees Deduction Overview (Table 4-1), Table 4-1. Irs 2010 tax forms Student Loan Interest Deduction at a Glance Overview (Table 6-1), Table 6-1. Irs 2010 tax forms Tuition and Fees Deduction at a Glance Qualified education expenses, What Expenses Qualify, Adjustments to Qualified Education Expenses Qualifying for deduction, Can You Claim the Deduction Tax benefit of, What is the tax benefit of the tuition and fees deduction. Irs 2010 tax forms Tax-free educational assistance, Tax-free educational assistance. Irs 2010 tax forms Tuition reduction American opportunity credit, Tuition reduction. Irs 2010 tax forms Lifetime learning credit, Tuition reduction. Irs 2010 tax forms Qualified, Qualified Tuition Reduction, How To Report Tuition and fees deduction, Tuition reduction. Irs 2010 tax forms U U. Irs 2010 tax forms S. Irs 2010 tax forms savings bonds, Qualified U. Irs 2010 tax forms S. Irs 2010 tax forms savings bonds. Irs 2010 tax forms Unclaimed reimbursement Work-related education, Unclaimed reimbursement. Irs 2010 tax forms V Veterans' benefits, Veterans' Benefits Voluntary interest payments, Voluntary interest payments. Irs 2010 tax forms W Withholding, Analyzing your tax withholding. Irs 2010 tax forms Work-related education (see Business deduction for work-related education) Working condition fringe benefit, Working condition fringe benefit. Irs 2010 tax forms Worksheets Coverdell ESA Contribution limit (Worksheet 6-2), Figuring the limit. Irs 2010 tax forms MAGI, calculation of (Worksheet 6-1), Worksheet 7-1. Irs 2010 tax forms MAGI for a Coverdell ESA Taxable distributions and basis (Worksheet 6-3), Worksheet 7-3. Irs 2010 tax forms Coverdell ESA—Taxable Distributions and Basis Taxable distributions and basis (Worksheet 7-3), Worksheet 7-3. Irs 2010 tax forms Coverdell ESA—Taxable Distributions and Basis Lifetime learning credit MAGI calculation (Worksheet 3-1), MAGI when using Form 1040. Irs 2010 tax forms Scholarships and fellowships, taxable income (Worksheet 1-1), Worksheet 1-1. Irs 2010 tax forms Student loan interest deduction (Worksheet 4-1), Worksheet 4-1. Irs 2010 tax forms Student Loan Interest Deduction Worksheet Tuition and fees deduction, MAGI calculation (Worksheet 6-1), Worksheet 6-1. Irs 2010 tax forms MAGI for the Tuition and Fees Deduction Prev  Up     Home   More Online Publications
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A-Z Index of U.S. Government Departments and Agencies

The Irs 2010 Tax Forms

Irs 2010 tax forms 6. Irs 2010 tax forms   Retail Tax on Heavy Trucks, Trailers, and Tractors Table of Contents Highway vehicle. Irs 2010 tax forms Vehicles not considered highway vehicles. Irs 2010 tax forms Idling reduction device. Irs 2010 tax forms Separate purchase. Irs 2010 tax forms Leases. Irs 2010 tax forms Exported vehicle. Irs 2010 tax forms Tax on resale of tax-paid trailers and semitrailers. Irs 2010 tax forms Use treated as sale. Irs 2010 tax forms Sale. Irs 2010 tax forms Long-term lease. Irs 2010 tax forms Short-term lease. Irs 2010 tax forms Related person. Irs 2010 tax forms Exclusions from tax base. Irs 2010 tax forms Sales not at arm's length. Irs 2010 tax forms Installment sales. Irs 2010 tax forms Repairs and modifications. Irs 2010 tax forms Further manufacture. Irs 2010 tax forms Rail trailers and rail vans. Irs 2010 tax forms Parts and accessories. Irs 2010 tax forms Trash containers. Irs 2010 tax forms House trailers. Irs 2010 tax forms Camper coaches or bodies for self-propelled mobile homes. Irs 2010 tax forms Farm feed, seed, and fertilizer equipment. Irs 2010 tax forms Ambulances and hearses. Irs 2010 tax forms Truck-tractors. Irs 2010 tax forms Concrete mixers. Irs 2010 tax forms Registration requirement. Irs 2010 tax forms Further manufacture. Irs 2010 tax forms A tax of 12% of the sales price is imposed on the first retail sale of the following articles, including related parts and accessories sold on or in connection with, or with the sale of, the articles. Irs 2010 tax forms Truck chassis and bodies. Irs 2010 tax forms Truck trailer and semitrailer chassis and bodies. Irs 2010 tax forms Tractors of the kind chiefly used for highway transportation in combination with a trailer or semitrailer. Irs 2010 tax forms A truck is a highway vehicle primarily designed to transport its load on the same chassis as the engine, even if it is equipped to tow a vehicle, such as a trailer or semitrailer. Irs 2010 tax forms A tractor is a highway vehicle designed to tow a vehicle, such as a trailer or semitrailer. Irs 2010 tax forms A tractor may carry incidental items of cargo when towing or limited amounts of cargo when not towing. Irs 2010 tax forms A sale of a truck, truck trailer, or semitrailer is considered a sale of a chassis and a body. Irs 2010 tax forms The seller is liable for the tax. Irs 2010 tax forms Chassis or body. Irs 2010 tax forms   A chassis or body is taxable only if you sell it for use as a component part of a highway vehicle that is a truck, truck trailer or semitrailer, or a tractor of the kind chiefly used for highway transportation in combination with a trailer or semitrailer. Irs 2010 tax forms Highway vehicle. Irs 2010 tax forms   A highway vehicle is any self-propelled vehicle designed to carry a load over public highways, whether or not it is also designed to perform other functions. Irs 2010 tax forms Examples of vehicles designed to carry a load over public highways are passenger automobiles, motorcycles, buses, and highway-type trucks and truck tractors. Irs 2010 tax forms A vehicle is a highway vehicle even though the vehicle's design allows it to perform a highway transportation function for only one of the following. Irs 2010 tax forms A particular type of load, such as passengers, furnishings, and personal effects (as in a house, office, or utility trailer). Irs 2010 tax forms A special kind of cargo, goods, supplies, or materials. Irs 2010 tax forms Some off-highway task unrelated to highway transportation, except as discussed next. Irs 2010 tax forms Vehicles not considered highway vehicles. Irs 2010 tax forms   Generally, the following kinds of vehicles are not considered highway vehicles for purposes of the retail tax. Irs 2010 tax forms Specially designed mobile machinery for nontransportation functions. Irs 2010 tax forms A self-propelled vehicle is not a highway vehicle if all the following apply. Irs 2010 tax forms The chassis has permanently mounted to it machinery or equipment used to perform certain operations (construction, manufacturing, drilling, mining, timbering, processing, farming, or similar operations) if the operation of the machinery or equipment is unrelated to transportation on or off the public highways. Irs 2010 tax forms The chassis has been specially designed to serve only as a mobile carriage and mount (and power source, if applicable) for the machinery or equipment, whether or not the machinery or equipment is in operation. Irs 2010 tax forms The chassis could not, because of its special design and without substantial structural modification, be used as part of a vehicle designed to carry any other load. Irs 2010 tax forms Vehicles specially designed for off-highway transportation. Irs 2010 tax forms A vehicle is not treated as a highway vehicle if the vehicle is specially designed for the primary function of transporting a particular type of load other than over the public highway and because of this special design, the vehicles's capability to transport a load over a public highway is substantially limited or impaired. Irs 2010 tax forms To make this determination, you can take into account the vehicle's size, whether the vehicle is subject to licensing, safety, or other requirements, and whether the vehicle can transport a load at a sustained speed of at least 25 miles per hour. Irs 2010 tax forms It does not matter that the vehicle can carry heavier loads off highway than it is allowed to carry over the highway. Irs 2010 tax forms Nontransportation trailers and semitrailers. Irs 2010 tax forms A trailer or semitrailer is not treated as a highway vehicle if it is specially designed to function only as an enclosed stationary shelter for carrying on a nontransportation function at an off-highway site. Irs 2010 tax forms For example, a trailer that is capable only of functioning as an office for an off-highway construction operation is not a highway vehicle. Irs 2010 tax forms Gross vehicle weight. Irs 2010 tax forms   The tax does not apply to truck chassis and bodies suitable for use with a vehicle that has a gross vehicle weight (defined below) of 33,000 pounds or less. Irs 2010 tax forms It also does not apply to truck trailer and semitrailer chassis and bodies suitable for use with a trailer or semitrailer that has a gross vehicle weight of 26,000 pounds or less. Irs 2010 tax forms Tractors that have a gross vehicle weight of 19,500 pounds or less and a gross combined weight of 33,000 pounds or less are excluded from the 12% retail tax. Irs 2010 tax forms   The following four classifications of truck body types meet the suitable for use standard and will be excluded from the retail excise tax. Irs 2010 tax forms Platform truck bodies 21 feet or less in length. Irs 2010 tax forms Dry freight and refrigerated truck van bodies 24 feet or less in length. Irs 2010 tax forms Dump truck bodies with load capacities of 8 cubic yards or less. Irs 2010 tax forms Refuse packer truck bodies with load capacities of 20 cubic yards or less. Irs 2010 tax forms For more information on these classifications, see Revenue Procedure 2005-19, which is on page 832 of I. Irs 2010 tax forms R. Irs 2010 tax forms B. Irs 2010 tax forms 2005-14 at www. Irs 2010 tax forms irs. Irs 2010 tax forms gov/pub/irs-irbs/irb05-14. Irs 2010 tax forms pdf. Irs 2010 tax forms   The gross vehicle weight means the maximum total weight of a loaded vehicle. Irs 2010 tax forms Generally, this maximum total weight is the gross vehicle weight rating provided by the manufacturer or determined by the seller of the completed article. Irs 2010 tax forms The seller's gross vehicle weight rating is determined solely on the basis of the strength of the chassis frame and the axle capacity and placement. Irs 2010 tax forms The seller may not take into account any readily attachable components (such as tires or rim assemblies) in determining the gross vehicle weight. Irs 2010 tax forms See Regulations section 145. Irs 2010 tax forms 4051-1(e)(3) for more information. Irs 2010 tax forms Parts or accessories. Irs 2010 tax forms   The tax applies to parts or accessories sold on or in connection with, or with the sale of, a taxable article. Irs 2010 tax forms For example, if at the time of the sale by the retailer, the part or accessory has been ordered from the retailer, the part or accessory will be considered as sold in connection with the sale of the vehicle. Irs 2010 tax forms The tax applies in this case whether or not the retailer bills the parts or accessories separately. Irs 2010 tax forms   If the retailer sells a taxable chassis, body, or tractor without parts or accessories considered essential for the operation or appearance of the taxable article, the sale of the parts or accessories by the retailer to the purchaser is considered made in connection with the sale of the taxable article even though they are shipped separately, at the same time, or on a different date. Irs 2010 tax forms The tax applies unless there is evidence to the contrary. Irs 2010 tax forms For example, if a retailer sells to any person a chassis and the bumpers for the chassis, or sells a taxable tractor and the fifth wheel and attachments, the tax applies to the parts or accessories regardless of the method of billing or the time at which the shipments were made. Irs 2010 tax forms The tax does not apply to parts and accessories that are spares or replacements. Irs 2010 tax forms   The tax imposed on parts and accessories sold on or in connection with the taxable articles listed earlier and the tax imposed on the separate purchase of parts and accessories (discussed next) for the taxable articles listed earlier do not apply to an idling reduction device or insulation that has an R value of at least R35 per inch. Irs 2010 tax forms Idling reduction device. Irs 2010 tax forms   An idling reduction device is any device or system of devices that provide the tractor with services, such as heat, air conditioning, and electricity, without the use of the main drive engine while the tractor is temporarily parked or stationary. Irs 2010 tax forms The device must be affixed to the tractor and determined by the Administrator of the EPA, in consultation with the Secretary of Energy and Secretary of Transportation, to reduce idling while parked or stationary. Irs 2010 tax forms The EPA discusses idling reduction technologies on its website at www. Irs 2010 tax forms epa. Irs 2010 tax forms gov/smartway/technology/idling. Irs 2010 tax forms htm. Irs 2010 tax forms Separate purchase. Irs 2010 tax forms   The tax generally applies to the price of a part or accessory and its installation if the following conditions are met. Irs 2010 tax forms The owner, lessee, or operator of any vehicle that contains a taxable article installs any part or accessory on the vehicle. Irs 2010 tax forms The installation occurs within 6 months after the vehicle is first placed in service. Irs 2010 tax forms   The owners of the trade or business installing the parts or accessories are secondarily liable for the tax. Irs 2010 tax forms   A vehicle is placed in service on the date the owner takes actual possession of the vehicle. Irs 2010 tax forms This date is established by a signed delivery ticket or other comparable document indicating delivery to and acceptance by the owner. Irs 2010 tax forms   The tax does not apply if the installed part or accessory is a replacement part or accessory. Irs 2010 tax forms The tax also does not apply if the total price of the parts and accessories, including installation charges, during the 6-month period is $1,000 or less. Irs 2010 tax forms However, if the total price is more than $1,000, the tax applies to the cost of all parts and accessories (and installation charges) during that period. Irs 2010 tax forms Example. Irs 2010 tax forms You bought a taxable vehicle and placed it in service on April 8. Irs 2010 tax forms On May 3, you bought and installed parts and accessories at a cost of $850. Irs 2010 tax forms On July 15, you bought and installed parts and accessories for $300. Irs 2010 tax forms Tax of $138 (12% of $1,150) applies on July 15. Irs 2010 tax forms Also, tax will apply to any costs of additional parts and accessories installed on the vehicle before October 8. Irs 2010 tax forms First retail sale defined. Irs 2010 tax forms   The sale of an article is treated as the first retail sale, and the seller will be liable for the tax imposed on the sale unless one of the following exceptions applies. Irs 2010 tax forms There has been a prior taxable sale, lease, or use of the article (however, see Tax on resale of tax-paid trailers and semitrailers, later). Irs 2010 tax forms The sale qualifies as a tax-free sale under section 4221 (see Sales exempt from tax, later). Irs 2010 tax forms The seller in good faith accepts from the purchaser a statement signed under penalties of perjury and executed in good faith that the purchaser intends to resell the article or lease it on a long-term basis. Irs 2010 tax forms There is no registration requirement. Irs 2010 tax forms Leases. Irs 2010 tax forms   A long-term lease (a lease with a term of 1 year or more, taking into account options to renew) before a first retail sale is treated as a taxable sale. Irs 2010 tax forms The tax is imposed on the lessor at the time of the lease. Irs 2010 tax forms   A short-term lease (a lease with a term of less than 1 year, taking into account options to renew) before a first retail sale is treated as a taxable use. Irs 2010 tax forms The tax is imposed on the lessor at the time of the lease. Irs 2010 tax forms Exported vehicle. Irs 2010 tax forms   A vehicle exported before its first retail sale, used in a foreign country, and then returned to the United States is subject to the retail tax on its first domestic use or retail sale after importation. Irs 2010 tax forms Tax on resale of tax-paid trailers and semitrailers. Irs 2010 tax forms   The tax applies to a trailer or semitrailer resold within 6 months after having been sold in a taxable sale. Irs 2010 tax forms The seller liable for the tax on the resale can claim a credit equal to the tax paid on the prior taxable sale. Irs 2010 tax forms The credit cannot exceed the tax on the resale. Irs 2010 tax forms See Regulations section 145. Irs 2010 tax forms 4052-1(a)(4) for information on the conditions to allowance for the credit. Irs 2010 tax forms Use treated as sale. Irs 2010 tax forms   If any person uses a taxable article before the first retail sale of the article, that person is liable for the tax as if the article had been sold at retail by that person. Irs 2010 tax forms Figure the tax on the price at which similar articles are sold in the ordinary course of trade by retailers. Irs 2010 tax forms The tax attaches when the use begins. Irs 2010 tax forms   If the seller of an article regularly sells the articles at retail in arm's-length transactions, figure the tax on its use on the lowest established retail price for the articles in effect at the time of the taxable use. Irs 2010 tax forms   If the seller of an article does not regularly sell the articles at retail in arm's-length transactions, a constructive price on which the tax is figured will be determined by the IRS after considering the selling practices and price structures of sellers of similar articles. Irs 2010 tax forms   If a seller of an article incurs liability for tax on the use of the article and later sells or leases the article in a transaction that otherwise would be taxable, liability for tax is not incurred on the later sale or lease. Irs 2010 tax forms Presumptive retail sales price. Irs 2010 tax forms   There are rules to ensure that the tax base of transactions considered to be taxable sales includes either an actual or presumed markup percentage. Irs 2010 tax forms If the person liable for tax is the vehicle's manufacturer, producer, or importer, the following discussions show how you figure the presumptive retail sales price depending on the type of transaction and the persons involved in the transaction. Irs 2010 tax forms Table 6-1 outlines the appropriate tax base calculation for various transactions. Irs 2010 tax forms   The presumed markup percentage to be used for trucks and truck-tractors is 4%. Irs 2010 tax forms But for truck trailers and semitrailers and remanufactured trucks and tractors, the presumed markup percentage is zero. Irs 2010 tax forms Sale. Irs 2010 tax forms   For a taxable sale by a manufacturer, producer, importer, or related person, you generally figure the tax on a tax base of the sales price plus an amount equal to the presumed markup percentage times that sales price. Irs 2010 tax forms Long-term lease. Irs 2010 tax forms   In the case of a long-term lease by a manufacturer, producer, importer, or related person, figure the tax on a tax base of the constructive sales price plus an amount equal to the presumed markup percentage times the constructive sales price. Irs 2010 tax forms Short-term lease. Irs 2010 tax forms   When a manufacturer, producer, importer, or related person leases an article in a short-term lease considered a taxable use, figure the tax on a constructive sales price at which those or similar articles generally are sold in the ordinary course of trade by retailers. Irs 2010 tax forms   But if the lessor in this situation regularly sells articles at retail in arm's-length transactions, figure the tax on the lowest established retail price in effect at the time of the taxable use. Irs 2010 tax forms   If a person other than the manufacturer, producer, importer, or related person leases an article in a short-term lease considered a taxable use, figure the tax on a tax base of the price for which the article was sold to the lessor plus the cost of parts and accessories installed by the lessor and a presumed markup percentage. Irs 2010 tax forms Related person. Irs 2010 tax forms   A related person is any member of the same controlled group as the manufacturer, producer, or importer. Irs 2010 tax forms Do not treat as a related person a person that sells the articles through a permanent retail establishment in the normal course of being a retailer if that person has records to prove the article was sold for a price that included a markup equal to or greater than the presumed markup percentage. Irs 2010 tax forms Table 6-1. Irs 2010 tax forms Tax Base IF the transaction is a. Irs 2010 tax forms . Irs 2010 tax forms . Irs 2010 tax forms THEN figuring the base by using the. Irs 2010 tax forms . Irs 2010 tax forms . Irs 2010 tax forms Sale by the manufacturer, producer, importer, or related person Sales price plus (presumed markup percentage × sales price) Sale by the dealer Total consideration paid for the item including any charges incident to placing it in a condition ready for use Long-term lease by the manufacturer, producer, importer, or related person Constructive sales price plus (presumed markup percentage × constructive sales price) Short-term lease by the manufacturer, producer, importer, or related person Constructive sales price at which such or similar articles are sold Short-term lease by a lessor other than the manufacturer, producer, importer, or related person Price for which the article was sold to the lessor plus the cost of parts and accessories installed by the lessor plus a presumed markup percentage Short-term lease where the articles are regularly sold at arm's length Lowest established retail price in effect at the time of the taxable use General rule for sales by dealers to the consumer. Irs 2010 tax forms   For a taxable sale, other than a long-term lease, by a person other than a manufacturer, producer, importer, or related person, your tax base is the retail sales price as discussed next under Determination of tax base. Irs 2010 tax forms   When you sell an article to the consumer, generally you do not add a presumed markup to the tax base. Irs 2010 tax forms However, you do add a markup if all the following apply. Irs 2010 tax forms You do not perform any significant activities relating to the processing of the sale of a taxable article. Irs 2010 tax forms The main reason for processing the sale through you is to avoid or evade the presumed markup. Irs 2010 tax forms You do not have records proving that the article was sold for a price that included a markup equal to or greater than the presumed markup percentage. Irs 2010 tax forms In these situations, your tax base is the sales price plus an amount equal to the presumed markup percentage times that selling price. Irs 2010 tax forms Determination of tax base. Irs 2010 tax forms   These rules apply to both normal retail sales price and presumptive retail sales price computations. Irs 2010 tax forms To arrive at the tax base, the price is the total consideration paid (including trade-in allowance) for the item and includes any charge incident to placing the article in a condition ready for use. Irs 2010 tax forms However, see Presumptive retail sales price, earlier. Irs 2010 tax forms Exclusions from tax base. Irs 2010 tax forms   Exclude from the tax base the retail excise tax imposed on the sale. Irs 2010 tax forms Exclude any state or local retail sales tax if stated as a separate charge from the price whether the sales tax is imposed on the seller or purchaser. Irs 2010 tax forms Also exclude the value of any used component of the article furnished by the first user of the article. Irs 2010 tax forms   Exclude charges for transportation, delivery, insurance, and installation (other than installation charges for parts and accessories, discussed earlier) and other expenses incurred in connection with the delivery of an article to a purchaser. Irs 2010 tax forms These expenses are those incurred in delivery from the retail dealer to the customer. Irs 2010 tax forms In the case of delivery directly from the manufacturer to the dealer's customer, include the transportation and delivery charges to the extent the charges do not exceed what it would have cost to ship the article to the dealer. Irs 2010 tax forms   Exclude amounts charged for machinery or equipment that does not contribute to the highway transportation function of the vehicle, provided those charges are supported by adequate records. Irs 2010 tax forms For example, for an industrial vacuum loader vehicle, exclude amounts charged for the vacuum pump and hose, filter system, material separator, silencer or muffler, control cabinet, and ladder. Irs 2010 tax forms Similarly, for a sewer cleaning vehicle, exclude amounts charged for the high pressure water pump, hose components, and the vacuum pipe. Irs 2010 tax forms Sales not at arm's length. Irs 2010 tax forms   For any taxable article sold (not at arm's length) at less than the fair market price, figure the excise tax on the price for which similar articles are sold at retail in the ordinary course of trade. Irs 2010 tax forms   A sale is not at arm's length if either of the following apply. Irs 2010 tax forms One of the parties is controlled (in law or in fact) by the other or there is common control, whether or not the control is actually exercised to influence the sales price. Irs 2010 tax forms The sale is made under special arrangements between a seller and a purchaser. Irs 2010 tax forms Installment sales. Irs 2010 tax forms   If the first retail sale is an installment sale, or other form of sale in which the sales price is paid in installments, tax liability arises at the time of the sale. Irs 2010 tax forms The tax is figured on the entire sales price. Irs 2010 tax forms No part of the tax is deferred because the sales price is paid in installments. Irs 2010 tax forms Repairs and modifications. Irs 2010 tax forms   The tax does not apply to the sale or use of an article that has been repaired or modified unless the cost of the repairs and modifications is more than 75% of the retail price of a comparable new article. Irs 2010 tax forms This includes modifications that change the transportation function of an article or restore a wrecked article to a functional condition. Irs 2010 tax forms However, this exception generally does not apply to an article that was not subject to the tax when it was new. Irs 2010 tax forms Further manufacture. Irs 2010 tax forms   The tax does not apply to the use by a person of a taxable article as material in the manufacture or production of, or as a component part of, another article to be manufactured or produced by that person. Irs 2010 tax forms Do not treat a person as engaged in the manufacture of any article merely because that person combines the article with a: Coupling device (including any fifth wheel); Wrecker crane; Loading and unloading equipment (including any crane, hoist, winch, or power liftgate); Aerial ladder or tower; Ice and snow control equipment; Earth moving, excavation, and construction equipment; Spreader; Sleeper cab; Cab shield; or Wood or metal floor. Irs 2010 tax forms Combining an article with an item in this list does not give rise to taxability. Irs 2010 tax forms However, see Parts or accessories discussed earlier. Irs 2010 tax forms Articles exempt from tax. Irs 2010 tax forms   The tax on heavy trucks, trailers, and tractors does not apply to sales of the articles described in the following discussions. Irs 2010 tax forms Rail trailers and rail vans. Irs 2010 tax forms   This is any chassis or body of a trailer or semitrailer designed for use both as a highway vehicle and a railroad car (including any parts and accessories designed primarily for use on and in connection with it). Irs 2010 tax forms Do not treat a piggyback trailer or semitrailer as designed for use as a railroad car. Irs 2010 tax forms Parts and accessories. Irs 2010 tax forms   This is any part or accessory sold separately from the truck or trailer, except as described earlier under Parts or accessories and Separate purchase. Irs 2010 tax forms Trash containers. Irs 2010 tax forms   This is any box, container, receptacle, bin, or similar article that meets all the following conditions. Irs 2010 tax forms It is designed to be used as a trash container. Irs 2010 tax forms It is not designed to carry freight other than trash. Irs 2010 tax forms It is not designed to be permanently mounted on or affixed to a truck chassis or body. Irs 2010 tax forms House trailers. Irs 2010 tax forms   This is any house trailer (regardless of size) suitable for use in connection with either passenger automobiles or trucks. Irs 2010 tax forms Camper coaches or bodies for self-propelled mobile homes. Irs 2010 tax forms   This is any article designed to be mounted or placed on trucks, truck chassis, or automobile chassis and to be used primarily as living quarters or camping accommodations. Irs 2010 tax forms Further, the tax does not apply to chassis specifically designed and constructed to accommodate and transport self-propelled mobile home bodies. Irs 2010 tax forms Farm feed, seed, and fertilizer equipment. Irs 2010 tax forms   This is any body primarily designed to process or prepare, haul, spread, load, or unload feed, seed, or fertilizer to or on farms. Irs 2010 tax forms This exemption applies only to the farm equipment body (and parts and accessories) and not to the chassis upon which the farm equipment is mounted. Irs 2010 tax forms Ambulances and hearses. Irs 2010 tax forms   This is any ambulance, hearse, or combination ambulance-hearse. Irs 2010 tax forms Truck-tractors. Irs 2010 tax forms   This is any truck-tractor specifically designed for use in shifting semitrailers in and around freight yards and freight terminals. Irs 2010 tax forms Concrete mixers. Irs 2010 tax forms   This is any article designed to be placed or mounted on a truck, truck trailer, or semitrailer chassis to be used to process or prepare concrete. Irs 2010 tax forms This exemption does not apply to the chassis on which the article is mounted. Irs 2010 tax forms Sales exempt from tax. Irs 2010 tax forms   The following sales are ordinarily exempt from tax. Irs 2010 tax forms Sales to a state or local government for its exclusive use. Irs 2010 tax forms Sales to Indian tribal governments, but only if the transaction involves the exercise of an essential tribal government function. Irs 2010 tax forms Sales to a nonprofit educational organization for its exclusive use. Irs 2010 tax forms Sales to a qualified blood collector organization (as defined under Communications Tax in chapter 4) for its exclusive use in the collection, storage, or transportation of blood. Irs 2010 tax forms Sales for use by the purchaser for further manufacture of other taxable articles (see below). Irs 2010 tax forms Sales for export or for resale by the purchaser to a second purchaser for export. Irs 2010 tax forms Sales to the United Nations for official use. Irs 2010 tax forms Registration requirement. Irs 2010 tax forms   In general, the seller and buyer must be registered for a sale to be tax free. Irs 2010 tax forms See the Form 637 instructions for more information. Irs 2010 tax forms Certain registration exceptions apply in the case of sales to state and local governments, sales to foreign purchasers for export, and sales for resale or long term leasing. Irs 2010 tax forms Further manufacture. Irs 2010 tax forms   If you buy articles tax free and resell or use them other than in the manufacture of another article, you are liable for the tax on their resale or use just as if you had manufactured and made the first retail sale of them. Irs 2010 tax forms Credits or refunds. Irs 2010 tax forms   A credit or refund (without interest) of the retail tax on the taxable articles described earlier may be allowable if the tax has been paid with respect to an article and, before any other use, such article is used by any person as a component part of another taxable article manufactured or produced. Irs 2010 tax forms The person using the article as a component part is eligible for the credit or refund. Irs 2010 tax forms   A credit or refund is allowable if, before any other use, an article is, by any person: Exported, Used or sold for use as supplies for vessels, Sold to a state or local government for its exclusive use, Sold to a nonprofit educational organization for its exclusive use, or Sold to a qualified blood collector organization (as defined under Communications Tax in chapter 4) for its exclusive use in the collection, storage, or transportation of blood. Irs 2010 tax forms A credit or refund is also allowable if there is a price readjustment by reason of the return or repossession of an article or by reason of a bona fide discount, rebate, or allowance. Irs 2010 tax forms   See also Conditions to allowance in chapter 5. Irs 2010 tax forms Tire credit. Irs 2010 tax forms   A credit is allowed against the retail tax on the taxable articles described earlier if taxable tires are sold on or in connection with the sale of the article. Irs 2010 tax forms The credit is equal to the manufacturers excise tax imposed on the taxable tires (discussed earlier). Irs 2010 tax forms This is the section 4051(d) taxable tire credit and is claimed on Schedule C (Form 720) for the same quarter for which the tax on the heavy vehicle is reported. Irs 2010 tax forms Prev  Up  Next   Home   More Online Publications