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1040nr

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1040nr

1040nr Index Symbols "Hours of service" limits, Individuals subject to hours of service limits. 1040nr Form 2106, Hours of service limits. 1040nr 50% limit on meals, 50% limit on meals. 1040nr A Accountable plans, Accountable Plans, Per diem allowance more than federal rate. 1040nr Accounting to employer, Accountable Plans Adequate accounting, Adequate Accounting Independent contractors, Adequate accounting. 1040nr Adequate records, What Are Adequate Records? Advertising Car display, Advertising display on car. 1040nr Expenses, 3 - Advertising expenses. 1040nr Signs, display racks, or other promotional material to be used on recipient's business premises, Exceptions. 1040nr Airline clubs, Club dues and membership fees. 1040nr Allocating costs, Separating costs. 1040nr , Separating costs. 1040nr , Allocating between business and nonbusiness. 1040nr , Allocating total cost. 1040nr Allowance (see Reimbursements) Armed forces Assigned overseas, Members of the Armed Forces. 1040nr Assistance (see Tax help) Associated entertainment, Associated Test Athletic clubs, Club dues and membership fees. 1040nr B Basis of car, Basis. 1040nr (see also Depreciation of car) Bona fide business purpose, Bona fide business purpose. 1040nr Box seats at entertainment events, Skyboxes and other private luxury boxes. 1040nr Business travel, Trip Primarily for Business Outside U. 1040nr S. 1040nr , Travel Entirely for Business or Considered Entirely for Business Business use of car, Business and personal use. 1040nr More-than-50%-use test. 1040nr , More-than-50%-use test. 1040nr Qualified business use, Qualified business use. 1040nr C Canceled checks As evidence of business expenses, Canceled check. 1040nr Car expenses, Car Expenses, Reporting inclusion amounts. 1040nr Actual expenses, Actual Car Expenses Allowances for, Per Diem and Car Allowances, Allowance more than the federal rate. 1040nr Business and personal use, Business and personal use. 1040nr Combining expenses, Car expenses. 1040nr Disposition of car, Disposition of a Car Fixed and variable rate (FAVR) allowance, Fixed and variable rate (FAVR). 1040nr Form 2106, Car expenses. 1040nr Leasing a car, truck, or van, Leasing a Car, Reporting inclusion amounts. 1040nr Mileage rate (see Standard mileage rate) Taxes paid on car, Taxes paid on your car. 1040nr Traffic tickets, Fines and collateral. 1040nr Car pools, Car pools. 1040nr Car rentals, Reporting inclusion amounts. 1040nr Form 2106, Car rentals. 1040nr Car, defined, Car defined. 1040nr Car, truck, or van rentals, Leasing a Car, Reporting inclusion amounts. 1040nr Casualty and theft losses Cars, Casualty and theft losses. 1040nr Depreciation, Casualty or theft. 1040nr Charitable organizations Benefit events for, Exception for events that benefit charitable organizations. 1040nr Sports events to benefit, 5 - Charitable sports event. 1040nr Club dues, Club dues and membership fees. 1040nr Commuting expenses, Commuting expenses. 1040nr Conventions, Conventions, Meetings at conventions. 1040nr Country clubs, Club dues and membership fees. 1040nr Cruise ships, Cruise Ships D Daily business mileage and expense log (Table 6-2), Table 5-2. 1040nr Daily Business Mileage and Expense Log Name: Depreciation of car, Depreciation and section 179 deductions. 1040nr (see also Section 179 deductions) Adjustment for using standard mileage rate, Depreciation adjustment when you used the standard mileage rate. 1040nr Basis, Basis. 1040nr Sales taxes, Sales taxes. 1040nr Unrecovered basis, How to treat unrecovered basis. 1040nr Casualty or theft, effect, Casualty or theft. 1040nr Deduction, Depreciation and section 179 deductions. 1040nr , Depreciation deduction for the year of disposition. 1040nr Excess depreciation, Excess depreciation. 1040nr Modified Accelerated Cost Recovery System (MACRS), Modified Accelerated Cost Recovery System (MACRS). 1040nr Trade-in, effect, Car trade-in. 1040nr , Trade-in. 1040nr Trucks and vans, Trucks and vans. 1040nr Depreciation of Car Section 179 deduction, Section 179 deduction. 1040nr Directly-related entertainment, Directly-Related Test Disabled employees Impairment-related work expenses, Impairment-Related Work Expenses of Disabled Employees Documentary evidence, Documentary evidence. 1040nr E Employer-provided vehicles, Employer-provided vehicle. 1040nr Reporting requirements, Vehicle Provided by Your Employer Entertainment expenses, Entertainment, Individuals subject to hours of service limits. 1040nr , Gift or entertainment. 1040nr 50% limit, Directly before or after business discussion. 1040nr Determination of applicability (Figure A), 50% Limit Associated test, Associated Test Deductible, What Entertainment Expenses Are Deductible?, Expenses for spouses. 1040nr Summary (Table 2-1), Exception for events that benefit charitable organizations. 1040nr Directly-related test, Directly-Related Test Entertainment, defined, Entertainment. 1040nr Form 2106, Meal and entertainment expenses. 1040nr Tickets (see Tickets) Entertainment facilities Expenses for use of, Entertainment facilities. 1040nr Estimates of expenses, How To Prove Expenses Exceptions to the 50% Limit, Exceptions to the 50% Limit Excess reimbursements (see Reimbursements) Extravagant expenses, Lavish or extravagant. 1040nr , Lavish or extravagant expenses. 1040nr F Fair market value of car, Fair market value. 1040nr Farmers Form 1040, Schedule F, Self-employed. 1040nr Federal crime investigations or prosecutions Federal employees engaged in, Exception for federal crime investigations or prosecutions. 1040nr Federal rate for per diem, Standard Meal Allowance, The federal rate. 1040nr Fee-basis officials, Officials Paid on a Fee Basis Fees you pay, Parking fees. 1040nr Fixed and variable rate (FAVR) allowance, Fixed and variable rate (FAVR). 1040nr Form 1040, Schedule C, Self-employed. 1040nr Form 1040, Schedule F, Self-employed. 1040nr Form 2106, How to choose. 1040nr , Employees. 1040nr , Full value included in your income. 1040nr , Reporting your expenses under a nonaccountable plan. 1040nr , Completing Forms 2106 and 2106-EZ Form 2106-EZ, Form 2106-EZ. 1040nr Form 4562, Self-employed. 1040nr Form 4797, Excess depreciation. 1040nr Form W-2 Employer-provided vehicles, Value reported on Form W-2. 1040nr Reimbursement of personal expenses, Reimbursement for personal expenses. 1040nr Statutory employees, Statutory employees. 1040nr Free tax services, Free help with your tax return. 1040nr G Gifts, Gift or entertainment. 1040nr , Gifts $25 limit, $25 limit. 1040nr Combining for recordkeeping purposes, Gift expenses. 1040nr Reporting requirements, Gifts. 1040nr Golf clubs, Club dues and membership fees. 1040nr H Hauling tools, Hauling tools or instruments. 1040nr Help (see Tax help) High-low method Introduction, High-low method. 1040nr Transition rules, High-low method. 1040nr High-low rate method, High-low rate. 1040nr Home office, Office in the home. 1040nr Hotel clubs, Club dues and membership fees. 1040nr I Impairment-related work expenses, Impairment-Related Work Expenses of Disabled Employees Incidental expenses Defined, Incidental expenses. 1040nr Gifts, Incidental costs. 1040nr No meals, incidentals only, Incidental-expenses-only method. 1040nr Income-producing property, Income-producing property. 1040nr Incomplete records, What If I Have Incomplete Records? Indefinite job assignment, Temporary assignment vs. 1040nr indefinite assignment. 1040nr Independent contractors, Rules for Independent Contractors and Clients Interest on car loans, Interest on car loans. 1040nr Itinerants, Tax Home L Lavish or extravagant expenses, Lavish or extravagant. 1040nr , Lavish or extravagant expenses. 1040nr Leasing a car, truck, or van, Leasing a Car, Reporting inclusion amounts. 1040nr Luxury private boxes at entertainment events, Skyboxes and other private luxury boxes. 1040nr Luxury water travel, Luxury Water Travel M MACRS (Modified Accelerated Cost Recovery System), Modified Accelerated Cost Recovery System (MACRS). 1040nr 2011 chart (Table 4-1), Table 4-1. 1040nr 2013 MACRS Depreciation Chart (Use to Figure Depreciation for 2013. 1040nr ) Main place of business or work, Main place of business or work. 1040nr Married taxpayers Performing artists, Special rules for married persons. 1040nr Meal expenses, Meals 50% limit, 50% Limit Determination of applicability (Figure A), 50% Limit Exceptions, Exceptions to the 50% Limit Actual cost method, Actual Cost Form 2106, Meal and entertainment expenses. 1040nr Major cities with higher allowances, Amount of standard meal allowance. 1040nr Standard meal allowance, Standard Meal Allowance, Who can use the standard meal allowance. 1040nr , The standard meal allowance. 1040nr Meals, entertainment-related, A meal as a form of entertainment. 1040nr Mileage rate (see Standard mileage rate) Military (see Armed forces) Missing children, photographs of, Reminder Modified Accelerated Cost Recovery System (MACRS), Modified Accelerated Cost Recovery System (MACRS). 1040nr 2011 chart (Table 4-1), Table 4-1. 1040nr 2013 MACRS Depreciation Chart (Use to Figure Depreciation for 2013. 1040nr ) N Nonaccountable plans, Nonaccountable Plans O Office in the home, Office in the home. 1040nr Officials paid on fee basis, Officials Paid on a Fee Basis Overseas travel Conventions, Conventions Held Outside the North American Area Meal allowance, Standard meal allowance for areas outside the continental United States. 1040nr Part of trip outside U. 1040nr S. 1040nr , Part of Trip Outside the United States P Parking fees, Parking fees. 1040nr , Parking fees and tolls. 1040nr Per diem allowances, Per Diem and Car Allowances, Allowance more than the federal rate. 1040nr Defined, Reimbursement, allowance, or advance. 1040nr Federal rate for, The federal rate. 1040nr Per diem rates High-cost localities, High-low method. 1040nr High-low method, High-low method. 1040nr Regular federal method, Regular federal per diem rate method. 1040nr Standard rate for unlisted localities, High-low method. 1040nr , Regular federal per diem rate method. 1040nr Transition rules, High-low method. 1040nr , Federal per diem rate method. 1040nr Performing artists, Expenses of Certain Performing Artists Personal property taxes, Personal property taxes. 1040nr , Taxes paid on your car. 1040nr Personal trips, Trip Primarily for Personal Reasons Outside U. 1040nr S. 1040nr , Travel Primarily for Personal Reasons Placed in service, cars, Placed in service. 1040nr Probationary work period, Probationary work period. 1040nr Proving business purpose, Proving business purpose. 1040nr Public transportation Outside of U. 1040nr S. 1040nr travel, Public transportation. 1040nr Publications (see Tax help) R Recordkeeping requirements, Recordkeeping, Examples of Records Adequate records, What Are Adequate Records? Daily business mileage and expense log (Table 6-2), Table 5-2. 1040nr Daily Business Mileage and Expense Log Name: Destroyed records, Destroyed records. 1040nr How to prove expenses (Table 5-1), Table 5-1. 1040nr How To Prove Certain Business Expenses Incomplete records, What If I Have Incomplete Records? Reimbursed expenses, Reimbursed for expenses. 1040nr Sampling to prove expenses, Sampling. 1040nr Separating and combining expenses, Separating and Combining Expenses, If your return is examined. 1040nr Three-year period of retention, How Long To Keep Records and Receipts Weekly travel expense and entertainment record (Table 6-3), THIS IS NOT AN OFFICIAL INTERNAL REVENUE FORM Regular federal method Introduction, Regular federal per diem rate method. 1040nr Transition rules, Federal per diem rate method. 1040nr Reimbursements, Less than full value included in your income. 1040nr , Contractor does not adequately account. 1040nr Accountable plans, Accountable Plans Excess, Returning Excess Reimbursements, Nonaccountable Plans Form 2106, Reimbursements. 1040nr Nonaccountable plans, Nonaccountable Plans Nondeductible expenses, Reimbursement of nondeductible expenses. 1040nr Personal expenses, Reimbursement for personal expenses. 1040nr Recordkeeping, Reimbursed for expenses. 1040nr Reporting (Table 6-1), Table 6-1. 1040nr Reporting Travel, Entertainment, Gift, and Car Expenses and Reimbursements Unclaimed, Where To Report Reporting requirements, How To Report Per diem or car allowance, Reporting your expenses with a per diem or car allowance. 1040nr Reimbursements, Reimbursements, Contractor does not adequately account. 1040nr Reservists Transportation expenses, Armed Forces reservists. 1040nr Traveling more than 100 miles from home, Armed Forces Reservists Traveling More Than 100 Miles From Home Returning excess reimbursements, Returning Excess Reimbursements Rural mail carriers, Rural mail carriers. 1040nr S Section 179 deduction Amended return, How to choose. 1040nr Deduction, Section 179 Deduction Limits, Limits. 1040nr Self-employed persons, 2 - Self-employed. 1040nr Reporting requirements, Self-employed. 1040nr Skyboxes, Skyboxes and other private luxury boxes. 1040nr Spouse, expenses for, Travel expenses for another individual. 1040nr , Expenses for spouses. 1040nr Standard meal allowance, Standard Meal Allowance, Who can use the standard meal allowance. 1040nr , The standard meal allowance. 1040nr Standard mileage rate, What's New, Standard Mileage Rate, The standard mileage rate. 1040nr Depreciation adjustment for using, Depreciation adjustment when you used the standard mileage rate. 1040nr Form 2106, Standard mileage rate. 1040nr Statutory employees, Statutory employees. 1040nr T Tables and figures 50% limit determination (Figure A), 50% Limit Daily business mileage and expense log (Table 6-2), Table 5-2. 1040nr Daily Business Mileage and Expense Log Name: Entertainment expenses, determination of deductibility (Table 2-1), Table 2-1. 1040nr When Are Entertainment Expenses Deductible? Maximum depreciation deduction for cars table, Maximum Depreciation Deduction for Cars Modified Accelerated Cost Recovery System (MACRS) 2011 chart (Table 4-1), Table 4-1. 1040nr 2013 MACRS Depreciation Chart (Use to Figure Depreciation for 2013. 1040nr ) Proving expenses (Table 5-1), Table 5-1. 1040nr How To Prove Certain Business Expenses Reporting reimbursements (Table 6-1), Table 6-1. 1040nr Reporting Travel, Entertainment, Gift, and Car Expenses and Reimbursements Transportation expenses, determination of deductibility (Figure B), Gift or entertainment. 1040nr , Illustration of transportation expenses. 1040nr Travel expenses, determination of deductibility (Table 1-1), Table 1-1. 1040nr Travel Expenses You Can Deduct Weekly travel expense and entertainment record (Table 6-3), THIS IS NOT AN OFFICIAL INTERNAL REVENUE FORM Tax help, How To Get Tax Help Tax home, determination of, Tax Home Temporary job assignments, Temporary Assignment or Job Temporary work location, Temporary work location. 1040nr Tickets, Entertainment tickets. 1040nr , Gift or entertainment. 1040nr Season or series tickets, Season or series tickets. 1040nr Traffic violations, Fines and collateral. 1040nr Tools Hauling tools, Hauling tools or instruments. 1040nr Trade association meetings, Trade association meetings. 1040nr Trade-in of car, Car trade-in. 1040nr , Trade-in. 1040nr Traffic tickets, Fines and collateral. 1040nr Transients, Tax Home Transition rules, Transition Rules Example High-low method, High-low method. 1040nr High-low method, High-low method. 1040nr Regular federal method, Federal per diem rate method. 1040nr Transportation expenses, Transportation, Depreciation deduction for the year of disposition. 1040nr Car expenses, Car Expenses, Reporting inclusion amounts. 1040nr Deductible (Figure B), Gift or entertainment. 1040nr , Illustration of transportation expenses. 1040nr five or more cars, Five or more cars. 1040nr Form 2106, Transportation expenses. 1040nr Transportation workers, Special rate for transportation workers. 1040nr , Individuals subject to hours of service limits. 1040nr Travel advance, Reimbursement, allowance, or advance. 1040nr , Travel advance. 1040nr (see also Reimbursements) Travel expenses, Travel, Cruise Ships Another individual accompanying taxpayer, Travel expenses for another individual. 1040nr Away from home, Traveling Away From Home, Tax Home Deductible, What Travel Expenses Are Deductible?, Cruise Ships Summary of (Table 1-1), Table 1-1. 1040nr Travel Expenses You Can Deduct Defined, Travel expenses defined. 1040nr Going home on days off, Going home on days off. 1040nr In U. 1040nr S. 1040nr , Travel in the United States Lodging, Standard Meal Allowance Luxury water travel, Luxury Water Travel Outside U. 1040nr S. 1040nr , Travel Outside the United States Travel to family home, Tax Home Different From Family Home Trucks and vans Depreciation, Trucks and vans. 1040nr Transportation workers, Individuals subject to hours of service limits. 1040nr Transportation workers' expenses, Special rate for transportation workers. 1040nr Two places of work, Two places of work. 1040nr U Unclaimed reimbursements, Where To Report Unions Trips from union hall to place of work, Union members' trips from a union hall. 1040nr Unrecovered basis of car, How to treat unrecovered basis. 1040nr V Volunteers, Volunteers. 1040nr W Weekly travel expense and entertainment record (Table 6-3), THIS IS NOT AN OFFICIAL INTERNAL REVENUE FORM Prev  Up     Home   More Online Publications
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The 1040nr

1040nr Internal Revenue Bulletin:  2013-12  March 18, 2013  Rev. 1040nr Proc. 1040nr 2013-21 Table of Contents SECTION 1. 1040nr PURPOSE SECTION 2. 1040nr BACKGROUND SECTION 3. 1040nr SCOPE SECTION 4. 1040nr APPLICATION. 1040nr 01 Limitations on Depreciation Deductions for Certain Automobiles. 1040nr . 1040nr 02 Inclusions in Income of Lessees of Passenger Automobiles. 1040nr SECTION 5. 1040nr EFFECTIVE DATE SECTION 6. 1040nr DRAFTING INFORMATION SECTION 1. 1040nr PURPOSE This revenue procedure provides: (1) limitations on depreciation deductions for owners of passenger automobiles first placed in service by the taxpayer during calendar year 2013, including separate tables of limitations on depreciation deductions for trucks and vans; and (2) the amounts that must be included in income by lessees of passenger automobiles first leased by the taxpayer during calendar year 2013, including a separate table of inclusion amounts for lessees of trucks and vans. 1040nr The tables detailing these depreciation limitations and lessee inclusion amounts reflect the automobile price inflation adjustments required by § 280F(d)(7) of the Internal Revenue Code. 1040nr SECTION 2. 1040nr BACKGROUND . 1040nr 01 For owners of passenger automobiles, § 280F(a) imposes dollar limitations on the depreciation deduction for the year the taxpayer places the passenger automobile in service and for each succeeding year. 1040nr For passenger automobiles placed in service after 1988, § 280F(d)(7) requires the Internal Revenue Service to increase the amounts allowable as depreciation deductions by a price inflation adjustment amount. 1040nr The method of calculating this price inflation amount for trucks and vans placed in service in or after calendar year 2003 uses a different CPI “automobile component” (the “new trucks” component) than that used in the price inflation amount calculation for other passenger automobiles (the “new cars” component), resulting in somewhat higher depreciation deductions for trucks and vans. 1040nr This change reflects the higher rate of price inflation for trucks and vans since 1988. 1040nr . 1040nr 02 Section 331(a) of the American Taxpayer Relief Act of 2012, Pub. 1040nr L. 1040nr No. 1040nr 112-240, 126 Stat. 1040nr 2313 (Jan. 1040nr 2, 2013) (the “Act”) extended the 50 percent additional first year depreciation deduction under § 168(k) to qualified property acquired by the taxpayer after December 31, 2007, and before January 1, 2014, if no written binding contract for the acquisition of the property existed before January 1, 2008, and if the taxpayer places the property in service generally before January 1, 2014. 1040nr Section 168(k)(2)(F)(i) increases the first year depreciation allowed under § 280F(a)(1)(A)(i) by $8,000 for passenger automobiles to which the additional first year depreciation deduction under § 168(k) (hereinafter, referred to as “§ 168(k) additional first year depreciation deduction”) applies. 1040nr . 1040nr 03 Section 168(k)(2)(D)(i) provides that the § 168(k) additional first year depreciation deduction does not apply to any property required to be depreciated under the alternative depreciation system of § 168(g), including property described in § 280F(b)(1). 1040nr Section 168(k)(2)(D)(iii) permits a taxpayer to elect out of the § 168(k) additional first year depreciation deduction for any class of property. 1040nr Section 168(k)(4), as amended by the Act, permits a corporation to elect to increase the alternative minimum tax (“AMT”) credit limitation under § 53(c), instead of claiming the § 168(k) additional first year depreciation deduction for all eligible qualified property placed in service after December 31, 2012, that is round 3 extension property (as defined in § 168(k)(4)(J)(iv)). 1040nr Accordingly, this revenue procedure provides tables for passenger automobiles for which the § 168(k) additional first year depreciation deduction applies. 1040nr This revenue procedure also provides tables for passenger automobiles for which the § 168(k) additional first year depreciation deduction does not apply, either because taxpayer: (1) purchased the passenger automobile used; (2) did not use the passenger automobile during 2013 more than 50 percent for business purposes; (3) elected out of the § 168(k) additional first year depreciation deduction pursuant to § 168(k)(2)(D)(iii); or (4) elected to increase the § 53 AMT credit limitation in lieu of claiming § 168(k) additional first year depreciation. 1040nr . 1040nr 04 Section 280F(c) requires a reduction in the deduction allowed to the lessee of a leased passenger automobile. 1040nr The reduction must be substantially equivalent to the limitations on the depreciation deductions imposed on owners of passenger automobiles. 1040nr Under § 1. 1040nr 280F-7(a) of the Income Tax Regulations, this reduction requires a lessee to include in gross income an amount determined by applying a formula to the amount obtained from a table. 1040nr One table applies to lessees of trucks and vans and another table applies to all other passenger automobiles. 1040nr Each table shows inclusion amounts for a range of fair market values for each taxable year after the passenger automobile is first leased. 1040nr SECTION 3. 1040nr SCOPE . 1040nr 01 The limitations on depreciation deductions in section 4. 1040nr 01(2) of this revenue procedure apply to passenger automobiles (other than leased passenger automobiles) that are placed in service by the taxpayer in calendar year 2013, and continue to apply for each taxable year that the passenger automobile remains in service. 1040nr . 1040nr 02 The tables in section 4. 1040nr 02 of this revenue procedure apply to leased passenger automobiles for which the lease term begins during calendar year 2013. 1040nr Lessees of these passenger automobiles must use these tables to determine the inclusion amount for each taxable year during which the passenger automobile is leased. 1040nr See Rev. 1040nr Proc. 1040nr 2008-22, 2008-1 C. 1040nr B. 1040nr 658, for passenger automobiles first leased during calendar year 2008; Rev. 1040nr Proc. 1040nr 2009-24, 2009-17 I. 1040nr R. 1040nr B. 1040nr 885, for passenger automobiles first leased during calendar year 2009; Rev. 1040nr Proc. 1040nr 2010-18, 2010-09 I. 1040nr R. 1040nr B. 1040nr 427, as amplified and modified by section 4. 1040nr 03 of Rev. 1040nr Proc. 1040nr 2011-21, 2011-12 I. 1040nr R. 1040nr B. 1040nr 560, for passenger automobiles first leased during calendar year 2010; Rev. 1040nr Proc. 1040nr 2011-21, for passenger automobiles first leased during calendar year 2011; and Rev. 1040nr Proc. 1040nr 2012-23, 2012-14 I. 1040nr R. 1040nr B. 1040nr 712, for passenger automobiles first leased during calendar year 2012. 1040nr SECTION 4. 1040nr APPLICATION . 1040nr 01 Limitations on Depreciation Deductions for Certain Automobiles. 1040nr (1) Amount of the inflation adjustment. 1040nr (a) Passenger automobiles (other than trucks or vans). 1040nr Under § 280F(d)(7)(B)(i), the automobile price inflation adjustment for any calendar year is the percentage (if any) by which the CPI automobile component for October of the preceding calendar year exceeds the CPI automobile component for October 1987. 1040nr Section 280F(d)(7)(B)(ii) defines the term “CPI automobile component” as the automobile component of the Consumer Price Index for all Urban Consumers published by the Department of Labor. 1040nr The new car component of the CPI was 115. 1040nr 2 for October 1987 and 143. 1040nr 787 for October 2012. 1040nr The October 2012 index exceeded the October 1987 index by 28. 1040nr 587. 1040nr Therefore, the automobile price inflation adjustment for 2013 for passenger automobiles (other than trucks and vans) is 24. 1040nr 8 percent (28. 1040nr 587/115. 1040nr 2 x 100%). 1040nr The dollar limitations in § 280F(a) are multiplied by a factor of 0. 1040nr 248, and the resulting increases, after rounding to the nearest $100, are added to the 1988 limitations to give the depreciation limitations applicable to passenger automobiles (other than trucks and vans) for calendar year 2013. 1040nr This adjustment applies to all passenger automobiles (other than trucks and vans) that are first placed in service in calendar year 2013. 1040nr (b) Trucks and vans. 1040nr To determine the dollar limitations for trucks and vans first placed in service during calendar year 2013, the Service uses the new truck component of the CPI instead of the new car component. 1040nr The new truck component of the CPI was 112. 1040nr 4 for October 1987 and 149. 1040nr 386 for October 2012. 1040nr The October 2012 index exceeded the October 1987 index by 36. 1040nr 986. 1040nr Therefore, the automobile price inflation adjustment for 2013 for trucks and vans is 32. 1040nr 9 percent (36. 1040nr 986/112. 1040nr 4 x 100%). 1040nr The dollar limitations in § 280F(a) are multiplied by a factor of 0. 1040nr 329, and the resulting increases, after rounding to the nearest $100, are added to the 1988 limitations to give the depreciation limitations for trucks and vans. 1040nr This adjustment applies to all trucks and vans that are first placed in service in calendar year 2013. 1040nr (2) Amount of the limitation. 1040nr Tables 1 through 4 contain the dollar amount of the depreciation limitation for each taxable year for passenger automobiles a taxpayer places in service in calendar year 2013. 1040nr Use Table 1 for a passenger automobile (other than a truck or van), and Table 2 for a truck or van, placed in service in calendar year 2013 for which the § 168(k) additional first year depreciation deduction applies. 1040nr Use Table 3 for a passenger automobile (other than a truck or van), and Table 4 for a truck or van, placed in service in calendar year 2013 for which the § 168(k) additional first year depreciation deduction does not apply. 1040nr REV. 1040nr PROC. 1040nr 2013-21 TABLE 1 DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) PLACED IN SERVICE IN CALENDAR YEAR 2013 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES Tax Year Amount 1st Tax Year $11,160 2nd Tax Year $5,100 3rd Tax Year $3,050 Each Succeeding Year $1,875 REV. 1040nr PROC. 1040nr 2013-21 TABLE 2 DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2013 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES Tax Year Amount 1st Tax Year $11,360 2nd Tax Year $5,400 3rd Tax Year $3,250 Each Succeeding Year $1,975 REV. 1040nr PROC. 1040nr 2013-21 TABLE 3 DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) PLACED IN SERVICE IN CALENDAR YEAR 2013 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION DOES NOT APPLY Tax Year Amount 1st Tax Year $3,160 2nd Tax Year $5,100 3rd Tax Year $3,050 Each Succeeding Year $1,875 REV. 1040nr PROC. 1040nr 2013-21 TABLE 4 DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2013 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION DOES NOT APPLY Tax Year Amount 1st Tax Year $3,360 2nd Tax Year $5,400 3rd Tax Year $3,250 Each Succeeding Year $1,975 . 1040nr 02 Inclusions in Income of Lessees of Passenger Automobiles. 1040nr A taxpayer must follow the procedures in § 1. 1040nr 280F-7(a) for determining the inclusion amounts for passenger automobiles first leased in calendar year 2013. 1040nr In applying these procedures, lessees of passenger automobiles other than trucks and vans should use Table 5 of this revenue procedure, while lessees of trucks and vans should use Table 6 of this revenue procedure. 1040nr REV. 1040nr PROC. 1040nr 2013-21 TABLE 5 DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2013 Fair Market Value of Passenger Automobile Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th & later $19,000 $19,500 2 4 6 7 8 19,500 20,000 2 5 6 9 9 20,000 20,500 2 5 8 9 11 20,500 21,000 3 6 8 10 12 21,000 21,500 3 6 10 11 13 21,500 22,000 3 7 10 13 14 22,000 23,000 4 8 11 14 16 23,000 24,000 4 9 14 16 18 24,000 25,000 5 10 15 18 21 25,000 26,000 5 12 16 21 23 26,000 27,000 6 12 19 23 25 27,000 28,000 6 14 20 25 28 28,000 29,000 7 15 22 27 30 29,000 30,000 7 16 24 29 33 30,000 31,000 8 17 26 31 35 31,000 32,000 8 19 27 33 38 32,000 33,000 9 20 29 35 40 33,000 34,000 10 21 31 37 43 34,000 35,000 10 22 33 39 45 35,000 36,000 11 23 35 41 48 36,000 37,000 11 25 36 43 50 37,000 38,000 12 26 38 45 53 38,000 39,000 12 27 40 47 55 39,000 40,000 13 28 42 49 58 40,000 41,000 13 29 44 52 59 41,000 42,000 14 30 45 54 63 42,000 43,000 14 32 47 56 64 43,000 44,000 15 33 48 59 67 44,000 45,000 15 34 51 60 69 45,000 46,000 16 35 52 63 72 46,000 47,000 17 36 54 65 74 47,000 48,000 17 38 55 67 77 48,000 49,000 18 39 57 69 79 49,000 50,000 18 40 59 71 82 50,000 51,000 19 41 61 73 84 51,000 52,000 19 42 63 75 87 52,000 53,000 20 43 65 77 89 53,000 54,000 20 45 66 79 92 54,000 55,000 21 46 68 81 94 55,000 56,000 21 47 70 84 96 56,000 57,000 22 48 72 85 99 57,000 58,000 22 50 73 88 101 58,000 59,000 23 51 75 90 103 59,000 60,000 24 52 76 92 106 60,000 62,000 24 54 79 95 110 62,000 64,000 25 56 83 99 115 64,000 66,000 27 58 87 103 120 66,000 68,000 28 60 90 108 125 68,000 70,000 29 63 93 112 130 70,000 72,000 30 65 97 117 134 72,000 74,000 31 68 100 121 139 74,000 76,000 32 70 104 125 144 76,000 78,000 33 73 107 129 149 78,000 80,000 34 75 111 133 154 80,000 85,000 36 79 117 141 162 85,000 90,000 39 85 126 151 174 90,000 95,000 41 91 135 162 186 95,000 100,000 44 97 144 172 199 100,000 110,000 48 106 157 188 217 110,000 120,000 53 118 174 210 241 120,000 130,000 59 129 193 230 266 130,000 140,000 64 141 210 252 290 140,000 150,000 70 153 227 273 315 150,000 160,000 75 165 245 294 339 160,000 170,000 80 177 263 315 363 170,000 180,000 86 189 280 336 388 180,000 190,000 91 201 298 357 412 190,000 200,000 97 212 316 378 436 200,000 210,000 102 224 333 400 461 210,000 220,000 107 236 351 420 486 220,000 230,000 113 248 368 442 509 230,000 240,000 118 260 386 463 534 240,000 And up 124 272 403 484 558 REV. 1040nr PROC. 1040nr 2013-21 TABLE 6 DOLLAR AMOUNTS FOR TRUCKS AND VANS WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2013 Fair Market Value of Truck or Van Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th & later $19,000 $19,500 1 3 4 5 6 19,500 20,000 2 3 5 6 7 20,000 20,500 2 4 6 7 8 20,500 21,000 2 5 7 8 9 21,000 21,500 2 5 8 9 11 21,500 22,000 3 6 8 10 12 22,000 23,000 3 7 10 11 14 23,000 24,000 4 8 11 14 16 24,000 25,000 4 9 14 16 18 25,000 26,000 5 10 15 18 21 26,000 27,000 5 12 17 20 23 27,000 28,000 6 13 18 23 25 28,000 29,000 6 14 20 25 28 29,000 30,000 7 15 22 27 30 30,000 31,000 7 16 24 29 33 31,000 32,000 8 17 26 31 35 32,000 33,000 8 19 27 33 38 33,000 34,000 9 20 29 35 41 34,000 35,000 10 21 31 37 43 35,000 36,000 10 22 33 39 46 36,000 37,000 11 23 35 41 48 37,000 38,000 11 25 36 43 51 38,000 39,000 12 26 38 45 53 39,000 40,000 12 27 40 48 55 40,000 41,000 13 28 42 49 58 41,000 42,000 13 29 44 52 60 42,000 43,000 14 30 46 54 62 43,000 44,000 14 32 47 56 65 44,000 45,000 15 33 48 59 67 45,000 46,000 15 34 51 60 70 46,000 47,000 16 35 52 63 72 47,000 48,000 17 36 54 65 74 48,000 49,000 17 38 55 67 77 49,000 50,000 18 39 57 69 79 50,000 51,000 18 40 59 71 82 51,000 52,000 19 41 61 73 84 52,000 53,000 19 42 63 75 87 53,000 54,000 20 43 65 77 89 54,000 55,000 20 45 66 80 91 55,000 56,000 21 46 68 81 94 56,000 57,000 21 47 70 84 96 57,000 58,000 22 48 72 86 98 58,000 59,000 22 50 73 88 101 59,000 60,000 23 51 75 90 103 60,000 62,000 24 52 78 93 108 62,000 64,000 25 55 81 97 113 64,000 66,000 26 57 85 101 118 66,000 68,000 27 60 88 106 122 68,000 70,000 28 62 92 110 127 70,000 72,000 29 64 96 114 132 72,000 74,000 30 67 99 118 137 74,000 76,000 31 69 103 122 142 76,000 78,000 32 72 105 127 147 78,000 80,000 34 73 110 131 151 80,000 85,000 35 78 116 138 160 85,000 90,000 38 84 124 149 172 90,000 95,000 41 90 133 160 184 95,000 100,000 44 95 142 171 196 100,000 110,000 48 104 156 186 214 110,000 120,000 53 116 173 207 240 120,000 130,000 58 128 191 228 264 130,000 140,000 64 140 208 249 288 140,000 150,000 69 152 226 270 313 150,000 160,000 75 164 243 292 336 160,000 170,000 80 176 261 312 361 170,000 180,000 85 188 278 334 386 180,000 190,000 91 199 296 355 410 190,000 200,000 96 211 314 376 434 200,000 210,000 101 223 332 397 459 210,000 220,000 107 235 349 418 483 220,000 230,000 112 247 367 439 507 230,000 240,000 118 259 384 460 532 240,000 And up 123 271 401 482 556 SECTION 5. 1040nr EFFECTIVE DATE This revenue procedure applies to passenger automobiles that a taxpayer first places in service or first leases during calendar year 2013. 1040nr SECTION 6. 1040nr DRAFTING INFORMATION The principal author of this revenue procedure is Bernard P. 1040nr Harvey of the Office of Associate Chief Counsel (Income Tax & Accounting). 1040nr For further information regarding this revenue procedure, contact Mr. 1040nr Harvey at (202) 622-4930 (not a toll-free call). 1040nr Prev  Up  Next   Home   More Internal Revenue Bulletins