Filing Your Taxes Online is Fast, Easy and Secure.
Start now and receive your tax refund in as little as 7 days.

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

Find tax credits for everything from school tuition to buying a hybri

3. E-File for FREE

E-file free with direct deposit to get your refund in as few as 7 days.

Filing your taxes with paper mail can be difficult and it could take weeks for your refund to arrive. IRS e-file is easy, fast and secure. There is no paperwork going to the IRS so tax refunds can be processed in as little as 7 days with direct deposit. As you prepare your taxes online, you can see your tax refund in real time.

FREE audit support and representation from an enrolled agent – NEW and only from H&R Block

Irs Form 1040ez 2013

Form 1040ez1040ez Form OnlineTaxslayer Com1040ez 2013 Tax FormPrior Tax2011 Taxes TurbotaxTurbo Tax MilitaryIrs 2008 Tax FormsComplete 2005 Taxes OnlineIrs Income Tax Forms 20102011 Tax Forms EzWww 1040ez Tax Return FormTaxslayer ComIrs 1040x Amended Return1040x Instructions 2011E File State TaxesI Need To Amend My 2012 Tax ReturnHow Do I Amend My 2012 TaxesH&r Block State ReturnH&r Block Free 1040ezWhere To Find 2011 Tax FormsHow To Amend TaxesTax Addendum FormEz TaxIrs Form 1040How Can I File 2011 Taxes OnlineFederal Tax Forms 2011Tax Software For 2012Tax Software For 2011Www Irs Gov FormspubsFile 1040ez OnlineI Didn T File My 2011 TaxesHow To Amend A 2012 Tax Return1040 VH&r Block Free For MilitaryFree Tax FilingIncome TaxesFree Tax Filing Online1040ez 2011 Tax FormFiling An Amended Return

Irs Form 1040ez 2013

Irs form 1040ez 2013 10. Irs form 1040ez 2013   Business Bad Debts Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Definition of Business Bad DebtAccrual method. Irs form 1040ez 2013 Cash method. Irs form 1040ez 2013 Debt acquired from a decedent. Irs form 1040ez 2013 Liquidation. Irs form 1040ez 2013 Types of Business Bad Debts When a Debt Becomes Worthless How To Claim a Business Bad DebtSpecific Charge-Off Method Nonaccrual-Experience Method Recovery of a Bad DebtNet operating loss (NOL) carryover. Irs form 1040ez 2013 Introduction You have a bad debt if you cannot collect money owed to you. Irs form 1040ez 2013 A bad debt is either a business bad debt or a nonbusiness bad debt. Irs form 1040ez 2013 This chapter discusses only business bad debts. Irs form 1040ez 2013 Generally, a business bad debt is one that comes from operating your trade or business. Irs form 1040ez 2013 You can deduct business bad debts on Schedule C (Form 1040) or your applicable business income tax return. Irs form 1040ez 2013 All other bad debts are nonbusiness bad debts and are deductible only as short-term capital losses. Irs form 1040ez 2013 For more information on nonbusiness bad debts, see Publication 550. Irs form 1040ez 2013 Topics - This chapter discusses: Definition of business bad debt When a debt becomes worthless How to claim a business bad debt Recovery of a bad debt Useful Items - You may want to see: Publication 525 Taxable and Nontaxable Income 536 Net Operating Losses (NOLs) for Individuals, Estates, and Trusts 544 Sales and Other Dispositions of Assets 550 Investment Income and Expenses 556 Examination of Returns, Appeal Rights, and Claims for Refund Form (and Instructions) Schedule C (Form 1040) Profit or Loss From Business 1040X Amended U. Irs form 1040ez 2013 S. Irs form 1040ez 2013 Individual Income Tax Return 1045 Application for Tentative Refund 1139 Corporation Application for Tentative Refund 3115 Application for Change in Accounting Method See chapter 12 for information about getting publications and forms. Irs form 1040ez 2013 Definition of Business Bad Debt A business bad debt is a loss from the worthlessness of a debt that was either: Created or acquired in your trade or business, or Closely related to your trade or business when it became partly or totally worthless. Irs form 1040ez 2013 A debt is closely related to your trade or business if your primary motive for incurring the debt is business related. Irs form 1040ez 2013 Bad debts of a corporation (other than an S corporation) are always business bad debts. Irs form 1040ez 2013 Credit sales. Irs form 1040ez 2013   Business bad debts are mainly the result of credit sales to customers. Irs form 1040ez 2013 Goods that have been sold, but not yet paid for, and services that have been performed, but not yet paid for, are recorded in your books as either accounts receivable or notes receivable. Irs form 1040ez 2013 After a reasonable period of time, if you have tried to collect the amount due, but are unable to do so, the uncollectible part becomes a business bad debt. Irs form 1040ez 2013   Accounts or notes receivable valued at fair market value (FMV) when received are deductible only at that value, even though the FMV may be less than the face value. Irs form 1040ez 2013 If you purchased an account receivable for less than its face value, and the receivable subsequently becomes worthless, the most you are allowed to deduct is the amount you paid to acquire it. Irs form 1040ez 2013    You can claim a business bad debt deduction only if the amount owed to you was previously included in gross income. Irs form 1040ez 2013 This applies to amounts owed to you from all sources of taxable income, including sales, services, rents, and interest. Irs form 1040ez 2013 Accrual method. Irs form 1040ez 2013   If you use the accrual method of accounting, you generally report income as you earn it. Irs form 1040ez 2013 You can only claim a bad debt deduction for an uncollectible receivable if you have previously included the uncollectible amount in income. Irs form 1040ez 2013   If you qualify, you can use the nonaccrual-experience method of accounting discussed later. Irs form 1040ez 2013 Under this method, you do not have to accrue income that, based on your experience, you do not expect to collect. Irs form 1040ez 2013 Cash method. Irs form 1040ez 2013   If you use the cash method of accounting, you generally report income when you receive payment. Irs form 1040ez 2013 You cannot claim a bad debt deduction for amounts owed to you because you never included those amounts in income. Irs form 1040ez 2013 For example, a cash basis architect cannot claim a bad debt deduction if a client fails to pay the bill because the architect's fee was never included in income. Irs form 1040ez 2013 Debts from a former business. Irs form 1040ez 2013   If you sell your business but retain its receivables, these debts are business debts because they arose out of your trade or business. Irs form 1040ez 2013 If any of these receivables subsequently become worthless, the loss is still a business bad debt. Irs form 1040ez 2013 Debt acquired from a decedent. Irs form 1040ez 2013   The character of a loss from debts of a business acquired from a decedent is determined in the same way as debts acquired on the purchase of a business. Irs form 1040ez 2013 The executor of the decedent's estate treats any loss from the debts as a business bad debt if the debts were closely related to the decedent's trade or business when they became worthless. Irs form 1040ez 2013 Otherwise, a loss from these debts becomes a nonbusiness bad debt for the decedent's estate. Irs form 1040ez 2013 Liquidation. Irs form 1040ez 2013   If you liquidate your business and some of the accounts receivable that you retain become worthless, they become business bad debts. Irs form 1040ez 2013 Types of Business Bad Debts Business bad debts may result from the following. Irs form 1040ez 2013 Loans to clients and suppliers. Irs form 1040ez 2013   If you loan money to a client, supplier, employee, or distributor for a business reason and you are unable to collect the loan after attempting to do so, you have a business bad debt. Irs form 1040ez 2013 Debts owed by political parties. Irs form 1040ez 2013   If a political party (or other organization that accepts contributions or spends money to influence elections) owes you money and the debt becomes worthless, you can claim a bad debt deduction only if all of the following requirements are met. Irs form 1040ez 2013 You use the accrual method of accounting. Irs form 1040ez 2013 The debt arose from the sale of goods or services in the ordinary course of your trade or business. Irs form 1040ez 2013 More than 30% of your receivables accrued in the year of the sale were from sales to political parties. Irs form 1040ez 2013 You made substantial and continuing efforts to collect on the debt. Irs form 1040ez 2013 Loan or capital contribution. Irs form 1040ez 2013   You cannot claim a bad debt deduction for a loan you made to a corporation if, based on the facts and circumstances, the loan is actually a contribution to capital. Irs form 1040ez 2013 Debts of an insolvent partner. Irs form 1040ez 2013   If your business partnership breaks up and one of your former partners becomes insolvent, you may have to pay more than your pro rata share of the partnership's debts. Irs form 1040ez 2013 If you pay any part of the insolvent partner's share of the debts, you can claim a bad debt deduction for the amount you paid that is attributable to the insolvent partner's share. Irs form 1040ez 2013 Business loan guarantee. Irs form 1040ez 2013   If you guarantee a debt that subsequently becomes worthless, the debt can qualify as a business bad debt if all the following requirements are met. Irs form 1040ez 2013 You made the guarantee in the course of your trade or business. Irs form 1040ez 2013 You have a legal duty to pay the debt. Irs form 1040ez 2013 You made the guarantee before the debt became worthless. Irs form 1040ez 2013 You meet this requirement if you reasonably expected you would not have to pay the debt without full reimbursement from the borrower. Irs form 1040ez 2013 You received reasonable consideration for making the guarantee. Irs form 1040ez 2013 You meet this requirement if you made the guarantee in accord with normal business practice or for a good faith business purpose. Irs form 1040ez 2013 Example. Irs form 1040ez 2013 Jane Zayne owns the Zayne Dress Company. Irs form 1040ez 2013 She guaranteed payment of a $20,000 note for Elegant Fashions, a dress outlet. Irs form 1040ez 2013 Elegant Fashions is one of Zayne's largest clients. Irs form 1040ez 2013 Elegant Fashions later defaulted on the loan. Irs form 1040ez 2013 As a result, Ms. Irs form 1040ez 2013 Zayne paid the remaining balance of the loan in full to the bank. Irs form 1040ez 2013 She can claim a business bad debt deduction only for the amount she paid, since her guarantee was made in the course of her trade or business for a good faith business purpose. Irs form 1040ez 2013 She was motivated by the desire to retain one of her better clients and keep a sales outlet. Irs form 1040ez 2013 Deductible in the year paid. Irs form 1040ez 2013   If you make a payment on a loan you guaranteed, you can deduct it in the year paid, unless you have rights against the borrower. Irs form 1040ez 2013 Rights against a borrower. Irs form 1040ez 2013   When you make payment on a loan you guaranteed, you may have the right to take the place of the lender. Irs form 1040ez 2013 The debt is then owed to you. Irs form 1040ez 2013 If you have this right, or some other right to demand payment from the borrower, you cannot claim a bad debt deduction until these rights become partly or totally worthless. Irs form 1040ez 2013 Joint debtor. Irs form 1040ez 2013   If two or more debtors jointly owe you money, your inability to collect from one does not enable you to deduct a proportionate amount as a bad debt. Irs form 1040ez 2013 Sale of mortgaged property. Irs form 1040ez 2013   If mortgaged or pledged property is sold for less than the debt, the unpaid, uncollectible balance of the debt is a bad debt. Irs form 1040ez 2013 When a Debt Becomes Worthless A debt becomes worthless when there is no longer any chance the amount owed will be paid. Irs form 1040ez 2013 This may occur when the debt is due or prior to that date. Irs form 1040ez 2013 To demonstrate worthlessness, you must only show that you have taken reasonable steps to collect the debt but were unable to do so. Irs form 1040ez 2013 It is not necessary to go to court if you can show that a judgment from the court would be uncollectible. Irs form 1040ez 2013 Bankruptcy of your debtor is generally good evidence of the worthlessness of at least a part of an unsecured and unpreferred debt. Irs form 1040ez 2013 Property received for debt. Irs form 1040ez 2013   If you receive property in partial settlement of a debt, reduce the debt by the property's FMV, which becomes the property's basis. Irs form 1040ez 2013 You can deduct the remaining debt as a bad debt if and when it becomes worthless. Irs form 1040ez 2013   If you later sell the property for more than its basis, any gain on the sale is due to the appreciation of the property. Irs form 1040ez 2013 It is not a recovery of a bad debt. Irs form 1040ez 2013 For information on the sale of an asset, see Publication 544. Irs form 1040ez 2013 How To Claim a Business Bad Debt There are two methods to claim a business bad debt. Irs form 1040ez 2013 The specific charge-off method. Irs form 1040ez 2013 The nonaccrual-experience method. Irs form 1040ez 2013 Generally, you must use the specific charge-off method. Irs form 1040ez 2013 However, you may use the nonaccrual-experience method if you meet the requirements discussed later under Nonaccrual-Experience Method . Irs form 1040ez 2013 Specific Charge-Off Method If you use the specific charge-off method, you can deduct specific business bad debts that become either partly or totally worthless during the tax year. Irs form 1040ez 2013 However, with respect to partly worthless bad debts, your deduction is limited to the amount you charged off on your books during the year. Irs form 1040ez 2013 Partly worthless debts. Irs form 1040ez 2013   You can deduct specific bad debts that become partly uncollectible during the tax year. Irs form 1040ez 2013 Your tax deduction is limited to the amount you charge off on your books during the year. Irs form 1040ez 2013 You do not have to charge off and deduct your partly worthless debts annually. Irs form 1040ez 2013 You can delay the charge off until a later year. Irs form 1040ez 2013 However, you cannot deduct any part of a debt after the year it becomes totally worthless. Irs form 1040ez 2013 Significantly modified debt. Irs form 1040ez 2013   An exception to the charge-off rule exists for debt which has been significantly modified and on which the holder recognized gain. Irs form 1040ez 2013 For more information, see Regulations section 1. Irs form 1040ez 2013 166-3(a)(3). Irs form 1040ez 2013 Deduction disallowed. Irs form 1040ez 2013   Generally, you can claim a partial bad debt deduction only in the year you make the charge-off on your books. Irs form 1040ez 2013 If, under audit, the IRS does not allow your deduction and the debt becomes partly worthless in a later tax year, you can deduct the amount you charged off in that year plus the disallowed amount charged off in the earlier year. Irs form 1040ez 2013 The charge-off in the earlier year, unless reversed on your books, fulfills the charge-off requirement for the later year. Irs form 1040ez 2013 Totally worthless debts. Irs form 1040ez 2013   If a debt becomes totally worthless in the current tax year, you can deduct the entire amount, less any amount deducted in an earlier tax year when the debt was only partly worthless. Irs form 1040ez 2013   You do not have to make an actual charge-off on your books to claim a bad debt deduction for a totally worthless debt. Irs form 1040ez 2013 However, you may want to do so. Irs form 1040ez 2013 If you do not and the IRS later rules the debt is only partly worthless, you will not be allowed a deduction for the debt in that tax year because a deduction of a partly worthless bad debt is limited to the amount actually charged off. Irs form 1040ez 2013 See Partly worthless debts, earlier. Irs form 1040ez 2013 Filing a claim for refund. Irs form 1040ez 2013   If you did not deduct a bad debt on your original return for the year it became worthless, you can file a claim for a credit or refund. Irs form 1040ez 2013 If the bad debt was totally worthless, you must file the claim by the later of the following dates. Irs form 1040ez 2013 7 years from the date your original return was due (not including extensions). Irs form 1040ez 2013 2 years from the date you paid the tax. Irs form 1040ez 2013   If the claim is for a partly worthless bad debt, you must file the claim by the later of the following dates. Irs form 1040ez 2013 3 years from the date you filed your original return. Irs form 1040ez 2013 2 years from the date you paid the tax. Irs form 1040ez 2013 You may have longer to file the claim if you were unable to manage your financial affairs due to a physical or mental impairment. Irs form 1040ez 2013 Such an impairment requires proof of existence. Irs form 1040ez 2013   For details and more information about filing a claim, see Publication 556. Irs form 1040ez 2013 Use one of the following forms to file a claim. Irs form 1040ez 2013 For more information, see the instructions for the applicable form. Irs form 1040ez 2013 Table 10-1. Irs form 1040ez 2013 Forms Used To File a Claim IF you filed as a. Irs form 1040ez 2013 . Irs form 1040ez 2013 . Irs form 1040ez 2013 THEN file. Irs form 1040ez 2013 . Irs form 1040ez 2013 . Irs form 1040ez 2013 Sole proprietor or farmer Form 1040X Corporation Form 1120X S corporation Form 1120S and check box H(4) Partnership Form 1065X if filing on paper or  Form 1065 and check box G(5) if filing electronically Nonaccrual-Experience Method If you use an accrual method of accounting and qualify under the rules explained in this section, you can use the nonaccrual-experience method for bad debts. Irs form 1040ez 2013 Under this method, you do not accrue service related income you expect to be uncollectible. Irs form 1040ez 2013 Because the expected uncollectible amounts are not included in income, these amounts are not later deducted from income. Irs form 1040ez 2013 Generally, you can use the nonaccrual-experience method for accounts receivable for services you performed only if: The services are provided in the fields of accounting, actuarial science, architecture, consulting, engineering, health, law, or the performing arts, or You meet the $5 million gross receipts test for all prior years. Irs form 1040ez 2013 Service related income. Irs form 1040ez 2013   You can use the nonaccrual-experience method only for amounts earned by performing services. Irs form 1040ez 2013 You cannot use this method for amounts owed to you from activities such as lending money, selling goods, or acquiring receivables or other rights to receive payment. Irs form 1040ez 2013 Gross receipts test. Irs form 1040ez 2013   To find out if you meet the $5 million gross receipts test for all prior years, you must figure the average annual gross receipts for each prior year. Irs form 1040ez 2013 If your average annual gross receipts for any year exceeds $5 million, you cannot use the non-accural experience method. Irs form 1040ez 2013   The average annual gross receipts for any year is the average of gross receipts from the year in question and the 2 previous years. Irs form 1040ez 2013 For example, if you were figuring the average annual gross receipts for 2013, you would average your gross receipts for 2011, 2012, and 2013. Irs form 1040ez 2013 Interest or penalty charged. Irs form 1040ez 2013   Generally, you cannot use the nonaccrual-experience method for amounts due on which you charge interest or a late payment penalty. Irs form 1040ez 2013 However, do not treat a discount offered for early payment as the charging of interest or a penalty if both the following apply. Irs form 1040ez 2013 You otherwise accrue the full amount due as gross income at the time you provide the services. Irs form 1040ez 2013 You treat the discount allowed for early payment as an adjustment to gross income in the year of payment. Irs form 1040ez 2013 Change in accounting method. Irs form 1040ez 2013   Generally, you must obtain consent to change to a nonaccrual-experience method (other than one of the safe harbor methods) or to change from one method to another. Irs form 1040ez 2013 See Form 3115 and the Instructions for Form 3115 for more information. Irs form 1040ez 2013 Recovery of a Bad Debt If you claim a deduction for a bad debt on your income tax return and later recover (collect) all or part of it, you may have to include all or part of the recovery in gross income. Irs form 1040ez 2013 The amount you include is limited to the amount you actually deducted. Irs form 1040ez 2013 However, you can exclude the amount deducted that did not reduce your tax. Irs form 1040ez 2013 Report the recovery as “Other income” on the appropriate business form or schedule. Irs form 1040ez 2013 See Recoveries in Publication 525 for more information. Irs form 1040ez 2013 Net operating loss (NOL) carryover. Irs form 1040ez 2013   If a bad debt deduction increases an NOL carryover that has not expired before the beginning of the tax year in which the recovery takes place, you treat the deduction as having reduced your tax. Irs form 1040ez 2013 A bad debt deduction that contributes to a NOL helps lower taxes in the year to which you carry the NOL. Irs form 1040ez 2013 For more information about NOLs, see Publication 536. Irs form 1040ez 2013 Also, see the Instructions for Form 1045, and the Instructions for Form 1139. Irs form 1040ez 2013 Prev  Up  Next   Home   More Online Publications
Print - Click this link to Print this page

Tax Information For Businesses

Small Business and Self-Employed Tax Center
Access to tax information useful to small businesses with assets of $10 million or less.

Large Business and International Tax Center
This page provides links which are helpful for large to mid-size businesses with assets greater than $10 million

Work Opportunity Tax Credit Extended
Businesses, including tax-exempt employers, may qualify for the Work Opportunity Tax Credit for qualified veterans hired before January 1, 2014.

Self-Employed Individuals Tax Center
The basics on your tax responsibilities if you are self-employed or an independent contractor.

Qualifying Advanced Energy Project Credit (section 48C)
Notice 2013-12, issued February 7, 2013, announced the availability of $150,228,397 in section 48C tax credits in the Phase II allocation round in 2013. Application procedures are different than in the first allocation round.

IRS Video Portal
The IRS Video portal contains video and audio presentations on topics of interest to small businesses, individuals and tax professionals. You will find video clips of tax topics, and archived versions of live panel discussions and webinars.

Effect of Sequestration on the Alternative Minimum Tax Credit for Corporations
The Balanced Budget and Emergency Deficit Reduction Act of 1985, as amended, requires certain spending cuts during Fiscal Year 2013 due to the sequester triggered earlier this year.

Alternative Motor Vehicle Credit
The Alternative Fuel Motor Vehicle Credit was enacted by the Energy Policy Act of 2005 and includes separate credits for four distinct categories of vehicles: Hybrid vehicles, Fuel Cell vehicles, Qualified Alternative Fuel Motor vehicles (QAFMV) and Advanced Lean Burn Technology vehicles. The amount of the potential credit varies by type of vehicle and which of the four credits applies.

Coordinated Issue Papers - LB&I
Effective January 21, 2014, all LB&I coordinated issue papers are decoordinated.  See 1/21/14 Directive from LB&I Commissioner Maloy for details.

HIRE Act: Questions and Answers for Employers
General information about the provisions of the Hiring Individuals to Restore Employment Act.

Employment Taxes
Federal income tax, Social Security and Medicare taxes, FUTA, self-employment tax and more.

Disaster Assistance and Emergency Relief for Individuals and Businesses
Special tax law provisions may help taxpayers and businesses recover financially from a disaster.

Small Business Forms and Publications
Download multiple small business and self-employed forms and publications.

e-file for Large Business and International (LB&I)
Certain large business and International (LB&I) corporations are required to electronically file their Forms 1120 and 1120S. Other corporations may do so voluntarily. This site provides e-file information for corporations that prepare and transmit their own electronic corporate income tax returns and those that use the services of third party tax professionals.

Employer ID Numbers (EINs)
Find out more on EINs or apply for one online.

Employee Tool & Equipment Plans
The Internal Revenue Service has established a compliance team to address the marketing and mistreatment of employee tool and equipment plans as tax-favored accountable plans.

Deducting Business Expenses
Find out what qualifies as a deductible business expense, including depreciation.

IRS Tax Calendar for Businesses and Self-Employed
The tax calendar is available for downloading and printing, or you can view it online.

U.S. Citizens and Resident Aliens Abroad
This section covers tax topics for U.S. citizens or resident aliens living overseas.

HCTC: Information for Health Plan Administrators (HPAs)
Health Plan Administrators are key to the success of the HCTC by providing health insurance to eligible individuals. Find information specific to health plan administrators here, including how to get involved and participate with the HCTC Program.

Excise Tax
Information about the various programs, databases, and activities within Excise Tax.

Industry Issue Resolution Program
The Industry Issue Resolution (IIR) Program resolves frequently disputed or burdensome tax issues. IRS solicits suggestions for issues for the program from taxpayers, representatives and associations.

Estate and Gift Taxes
General information on when these taxes apply and when they do not.

Filing Past Due Tax Returns
Understand how to file past due returns.

Information Returns Processing
The Information Reporting Program Website is designed to help you meet your Information Reporting Requirements. Included are help-line telephone numbers and direct links to aid you in reporting information returns. You will also find information about how to file returns electronically or magnetically.

LB&I Directives
LB&I Directives provide industry-related and administrative guidance to LB&I examiners to ensure consistent tax administration. The Directives do not establish Service position on legal issues and are not legal guidance.

Online Ordering for Information Returns and Employer Returns
Order information returns and employer returns online.

Manufacturers' Energy Efficient Appliance Credit
Act Section 305 - Modifications of Energy Efficient Appliance Credit for Appliances Produced After 2007

Audit Techniques Guides (ATGs)
These guides contain examination techniques to assist examiners in performing examinations.

1099-K Reporting Requirements for Payment Settlement Entities
Describes responsibilities of 1099-K filers and provides links to forms and publications.

Plug-In Electric Drive Vehicle Credit (IRC 30D)
Plug-In Electric Drive Vehicle Credit (IRC 30D) - Internal Revenue Code Section 30D provides a credit for Qualified Plug-in Electric Drive Motor Vehicles including passenger vehicles and light trucks.

Your Guide to an IRS Small Business Audit
Video series shows small business owners steps of an audit and answers questions about the process

Income from Abroad is Taxable
There have been recent reports about the interest of the Internal Revenue Service (IRS) in taxpayers with bank accounts in Liechtenstein. The IRS' interest, however, extends beyond bank accounts in Liechtenstein to financial accounts anywhere in the world. The IRS reminds you to report your worldwide income on your U.S. tax return and lists the possible consequences of hiding income overseas.

Quality Examination Process
The Quality Examination Process (QEP) is a systematic approach for engaging and involving Large Business and International (LB&I) taxpayers in the tax examination process, from the earliest planning stages through resolution of all issues and completion of the case.

Market Segment Understandings (MSU)
The IRS and taxpayers in particular market segments, work together to improve tax compliance.

Railroad Retirement Tax Act (RRTA) Desk Guide (January 2009)
This Desk Reference Guide is intended as a resource tool to assist Revenue Agents who are assigned the examination of a railroad employer. The Guide was prepared presuming that the reader has already received employment tax training.

Federal Payment Levy Program
Certain federal payments (OPM, SSA, federal employee salaries, and federal employee travel) disbursed by the Department of the Treasury, Financial Management Service (FMS) may be subject to a 15 percent levy through the Federal Payment Levy Program (FPLP) to pay your delinquent tax debt. Find out your appeal rights and how to resolve any dispute.

Research Credit
Guidelines and audit technique guide are provided for field examiners on the examination of Research Credit cases.

The International Tax Gap
Find resources on this page pertaining to the international tax gap — the difference between the amount of tax that taxpayers should pay and the amount that is paid voluntarily and on time. The tax gap can also be thought of as the sum of non-compliance with the tax law.

Uncertain Tax Positions - Schedule UTP
IRS finalized Schedule UTP & instructions for reporting uncertain tax positions by certain corporations.

IRS Non-Retaliation Policy
IRS has a zero-tolerance policy for retaliation and has had one in place since 1998.

Page Last Reviewed or Updated: 30-Mar-2014

The Irs Form 1040ez 2013

Irs form 1040ez 2013 12. Irs form 1040ez 2013   Filing Form 720 Table of Contents Attachments to Form 720. Irs form 1040ez 2013 Conditions to allowance. Irs form 1040ez 2013 Use Form 720 to report and pay the excise taxes previously discussed in this publication. Irs form 1040ez 2013 File Form 720 for each calendar quarter until you file a final Form 720. Irs form 1040ez 2013 For information on filing Form 720 electronically, visit the IRS e-file website at www. Irs form 1040ez 2013 irs. Irs form 1040ez 2013 gov/efile. Irs form 1040ez 2013 You may be required to file your returns on a monthly or semimonthly basis instead of quarterly if you do not make deposits as required (see Payment of Taxes, later) or are liable for the excise tax on taxable fuels and meet certain conditions. Irs form 1040ez 2013 Form 720 has three parts and three schedules. Irs form 1040ez 2013 Part I consists of excise taxes generally required to be deposited (see Payment of Taxes, later). Irs form 1040ez 2013 Part II consists of excise taxes that are not required to be deposited. Irs form 1040ez 2013 Part III is used to figure your tax liability for the quarter and the amount of any balance due or overpayment. Irs form 1040ez 2013 Schedule A, Excise Tax Liability, is used to record your net tax liability for each semimonthly period in a quarter. Irs form 1040ez 2013 Complete it if you have an entry in Part I. Irs form 1040ez 2013 Schedule C, Claims, is used to make claims. Irs form 1040ez 2013 However, Schedule C can only be used if you are reporting a liability in Part I or Part II. Irs form 1040ez 2013 Schedule T, Two-Party Exchange Information Reporting, is used to report certain exchanges of taxable fuel before or in connection with the removal at the terminal rack. Irs form 1040ez 2013 Attachments to Form 720. Irs form 1040ez 2013   You may have to attach the following forms. Irs form 1040ez 2013 Form 6197 for the gas guzzler tax. Irs form 1040ez 2013 Form 6627 for environmental taxes. Irs form 1040ez 2013 Form 720X. Irs form 1040ez 2013   This form is used to make adjustments to Forms 720 filed in prior quarters. Irs form 1040ez 2013 You can file Form 720X by itself or, if it shows a decrease in tax, you can attach it to Form 720. Irs form 1040ez 2013 See Form 720X for more information. Irs form 1040ez 2013 Conditions to allowance. Irs form 1040ez 2013   For tax decreases, the claimant must check the appropriate box on Form 720X stating that: For adjustments of communications or air transportation taxes, the claimant has: Repaid the tax to the person from whom it was collected, or Obtained the consent of that person to the allowance of the adjustment. Irs form 1040ez 2013 For other adjustments, the claimant has: Not included the tax in the price of the article and not collected the tax from the purchaser, Repaid the tax to the ultimate purchaser, or Attached the written consent of the ultimate purchaser to the allowance of the adjustment. Irs form 1040ez 2013 However, the conditions listed under (2) do not apply to environmental taxes, the ship passenger tax, obligations not in registered form, foreign insurance taxes, fuels used on inland waterways, cellulosic or second generation biofuel sold as but not used as fuel, biodiesel sold as fuel but not used as fuel, and certain fuel taxes if the tax was based on use (for example, dyed diesel fuel used in trains, LPG, and CNG). Irs form 1040ez 2013 Final return. Irs form 1040ez 2013   File a final return if: You go out of business, or You will not owe excise taxes that are reportable on Form 720 in future quarters. Irs form 1040ez 2013 Due dates. Irs form 1040ez 2013   Form 720 must be filed by the following due dates. Irs form 1040ez 2013 Quarter Covered Due Dates January, February, March April 30 April, May, June July 31 July, August, September October 31 October, November, December January 31   If any due date falls on a Saturday, Sunday, or legal holiday, you can file the return on the next business day. Irs form 1040ez 2013 One-time filing. Irs form 1040ez 2013   If you import a gas guzzling automobile, you may be eligible to make a one-time filing using your SSN if you: Do not import gas guzzling automobiles in the course of your trade or business, and Are not required to file Form 720 reporting other excise taxes for the calendar quarter, except for a one-time filing. Irs form 1040ez 2013   If you meet both requirements above, see Gas guzzler tax (IRS No. Irs form 1040ez 2013 40) in the Instructions for Form 720 for how to file and pay the tax. Irs form 1040ez 2013 Payment voucher. Irs form 1040ez 2013   Form 720-V, Payment Voucher, must be included with Form 720 if you have a balance due on line 10 of Form 720 and you are making your payment by check or money order. Irs form 1040ez 2013 Prev  Up  Next   Home   More Online Publications