File your Taxes for Free!
  • Get your maximum refund*
  • 100% accurate calculations guaranteed*

TurboTax Federal Free Edition - File Taxes Online

Don't let filing your taxes get you down! We'll help make it as easy as possible. With e-file and direct deposit, there's no faster way to get your refund!

Approved TurboTax Affiliate Site. TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.


© 2012 - 2018 All rights reserved.

This is an Approved TurboTax Affiliate site. TurboTax and TurboTax Online, among other are registered trademarks and/or service marks of Intuit, Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.
When discussing "Free e-file", note that state e-file is an additional fee. E-file fees do not apply to New York state returns. Prices are subject to change without notice. E-file and get your refund faster
*If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
*Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Federal Free Edition customers are entitled to payment of $14.99 and a refund of your state purchase price paid. Claims must be submitted within sixty (60) days of your TurboTax filing date and no later than 6/15/14. E-file, Audit Defense, Professional Review, Refund Transfer and technical support fees are excluded. This guarantee cannot be combined with the TurboTax Satisfaction (Easy) Guarantee. *We're so confident your return will be done right, we guarantee it. Accurate calculations guaranteed. If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
https://turbotax.intuit.com/corp/guarantees.jsp

Amended Tax Returns More:label_amended_20tax_20returns More:taxes

Ammend A Tax Return1040 Tax Form 2010Hr Block Free TaxesUnited Way Free Tax PreparationAmend My 2012 Tax ReturnFile Federal Taxes FreePa Ez FormIrs Free FileAmend Tax Return 20131040ez CalculatorTax Form 1040x OnlineAmendment To Tax ReturnFree State File Tax Online1040ez Tax Form 2012Free Tax Filing 20121040ez Form 20131040ez2012 State Income Tax FormsFree Fed 1040ez FilingH & R Block Free TaxFree State Taxes FileWhere Can I File My 2009 Taxes Online For FreeEz Tax Form 2011Turbotax 1040ezWww Freefillableforms Com2013 Income Tax Forms 1040 Ez2011 Irs Forms 1040Filing For Tax ExtensionHttps Www Freefilefillableforms ComCollege Students Filing TaxesIrs1040ez FormHow To Do A Amended Tax ReturnE File State ReturnIrs Form 1040ez 20132006 Tax Return Software Free2011 Tax Form 1040 Ez1040x Amended Return FormFree 1040 Ez FormsHow To File Tax Extension ElectronicallyFiling A 1040x Amended Tax Return

Amended Tax Returns More:label_amended_20tax_20returns More:taxes

Amended tax returns more:label_amended_20tax_20returns more:taxes 3. Amended tax returns more:label_amended_20tax_20returns more:taxes   Dispositions of Business Property Table of Contents Introduction Useful Items - You may want to see: What Is a Disposition of Property?Like-kind exchanges. Amended tax returns more:label_amended_20tax_20returns more:taxes How Do I Figure a Gain or Loss?Is My Gain or Loss Ordinary or Capital? Is My Capital Gain or Loss Short Term or Long Term? Where Do I Report Gains and Losses? Introduction If you dispose of business property, you may have a gain or loss that you report on Form 1040. Amended tax returns more:label_amended_20tax_20returns more:taxes However, in some cases you may have a gain that is not taxable or a loss that is not deductible. Amended tax returns more:label_amended_20tax_20returns more:taxes This chapter discusses whether you have a disposition, how to figure the gain or loss, and where to report the gain or loss. Amended tax returns more:label_amended_20tax_20returns more:taxes Useful Items - You may want to see: Publication 544 Sales and Other Dispositions of Assets Form (and Instructions) 4797 Sales of Business Property Sch D (Form 1040) Capital Gains and Losses See chapter 12 for information about getting publications and forms. Amended tax returns more:label_amended_20tax_20returns more:taxes What Is a Disposition of Property? A disposition of property includes the following transactions. Amended tax returns more:label_amended_20tax_20returns more:taxes You sell property for cash or other property. Amended tax returns more:label_amended_20tax_20returns more:taxes You exchange property for other property. Amended tax returns more:label_amended_20tax_20returns more:taxes You receive money as a tenant for the cancellation of a lease. Amended tax returns more:label_amended_20tax_20returns more:taxes You receive money for granting the exclusive use of a copyright throughout its life in a particular medium. Amended tax returns more:label_amended_20tax_20returns more:taxes You transfer property to satisfy a debt. Amended tax returns more:label_amended_20tax_20returns more:taxes You abandon property. Amended tax returns more:label_amended_20tax_20returns more:taxes Your bank or other financial institution forecloses on your mortgage or repossesses your property. Amended tax returns more:label_amended_20tax_20returns more:taxes Your property is damaged, destroyed, or stolen, and you receive property or money in payment. Amended tax returns more:label_amended_20tax_20returns more:taxes Your property is condemned, or disposed of under the threat of condemnation, and you receive property or money in payment. Amended tax returns more:label_amended_20tax_20returns more:taxes For details about damaged, destroyed, or stolen property, see Publication 547, Casualties, Disasters, and Thefts. Amended tax returns more:label_amended_20tax_20returns more:taxes For details about other dispositions, see chapter 1 in Publication 544. Amended tax returns more:label_amended_20tax_20returns more:taxes Nontaxable exchanges. Amended tax returns more:label_amended_20tax_20returns more:taxes   Certain exchanges of property are not taxable. Amended tax returns more:label_amended_20tax_20returns more:taxes This means any gain from the exchange is not recognized and you cannot deduct any loss. Amended tax returns more:label_amended_20tax_20returns more:taxes Your gain or loss will not be recognized until you sell or otherwise dispose of the property you receive. Amended tax returns more:label_amended_20tax_20returns more:taxes Like-kind exchanges. Amended tax returns more:label_amended_20tax_20returns more:taxes   A like-kind exchange is the exchange of property for the same kind of property. Amended tax returns more:label_amended_20tax_20returns more:taxes It is the most common type of nontaxable exchange. Amended tax returns more:label_amended_20tax_20returns more:taxes To be a like-kind exchange, the property traded and the property received must be both of the following. Amended tax returns more:label_amended_20tax_20returns more:taxes Business or investment property. Amended tax returns more:label_amended_20tax_20returns more:taxes Like property. Amended tax returns more:label_amended_20tax_20returns more:taxes   Report the exchange of like-kind property on Form 8824, Like-Kind Exchanges. Amended tax returns more:label_amended_20tax_20returns more:taxes For more information about like-kind exchanges, see chapter 1 in Publication 544. Amended tax returns more:label_amended_20tax_20returns more:taxes Installment sales. Amended tax returns more:label_amended_20tax_20returns more:taxes   An installment sale is a sale of property where you receive at least one payment after the tax year of the sale. Amended tax returns more:label_amended_20tax_20returns more:taxes If you finance the buyer's purchase of your property, instead of having the buyer get a loan or mortgage from a third party, you probably have an installment sale. Amended tax returns more:label_amended_20tax_20returns more:taxes   For more information about installment sales, see Publication 537, Installment Sales. Amended tax returns more:label_amended_20tax_20returns more:taxes Sale of a business. Amended tax returns more:label_amended_20tax_20returns more:taxes   The sale of a business usually is not a sale of one asset. Amended tax returns more:label_amended_20tax_20returns more:taxes Instead, all the assets of the business are sold. Amended tax returns more:label_amended_20tax_20returns more:taxes Generally, when this occurs, each asset is treated as being sold separately for determining the treatment of gain or loss. Amended tax returns more:label_amended_20tax_20returns more:taxes   Both the buyer and seller involved in the sale of a business must report to the IRS the allocation of the sales price among the business assets. Amended tax returns more:label_amended_20tax_20returns more:taxes Use Form 8594, Asset Acquisition Statement Under Section 1060, to provide this information. Amended tax returns more:label_amended_20tax_20returns more:taxes The buyer and seller should each attach Form 8594 to their federal income tax return for the year in which the sale occurred. Amended tax returns more:label_amended_20tax_20returns more:taxes   For more information about the sale of a business, see chapter 2 of Publication 544. Amended tax returns more:label_amended_20tax_20returns more:taxes How Do I Figure a Gain or Loss? Table 3-1. Amended tax returns more:label_amended_20tax_20returns more:taxes How To Figure a Gain or Loss IF your. Amended tax returns more:label_amended_20tax_20returns more:taxes . Amended tax returns more:label_amended_20tax_20returns more:taxes . Amended tax returns more:label_amended_20tax_20returns more:taxes THEN you have a. Amended tax returns more:label_amended_20tax_20returns more:taxes . Amended tax returns more:label_amended_20tax_20returns more:taxes . Amended tax returns more:label_amended_20tax_20returns more:taxes Adjusted basis is more than the amount realized Loss. Amended tax returns more:label_amended_20tax_20returns more:taxes Amount realized is more than the adjusted basis Gain. Amended tax returns more:label_amended_20tax_20returns more:taxes Basis, adjusted basis, amount realized, fair market value, and amount recognized are defined next. Amended tax returns more:label_amended_20tax_20returns more:taxes You need to know these definitions to figure your gain or loss. Amended tax returns more:label_amended_20tax_20returns more:taxes Basis. Amended tax returns more:label_amended_20tax_20returns more:taxes   The cost or purchase price of property is usually its basis for figuring the gain or loss from its sale or other disposition. Amended tax returns more:label_amended_20tax_20returns more:taxes However, if you acquired the property by gift, inheritance, or in some way other than buying it, you must use a basis other than its cost. Amended tax returns more:label_amended_20tax_20returns more:taxes For more information about basis, see Publication 551, Basis of Assets. Amended tax returns more:label_amended_20tax_20returns more:taxes Adjusted basis. Amended tax returns more:label_amended_20tax_20returns more:taxes   The adjusted basis of property is your original cost or other basis plus certain additions, and minus certain deductions such as depreciation and casualty losses. Amended tax returns more:label_amended_20tax_20returns more:taxes In determining gain or loss, the costs of transferring property to a new owner, such as selling expenses, are added to the adjusted basis of the property. Amended tax returns more:label_amended_20tax_20returns more:taxes Amount realized. Amended tax returns more:label_amended_20tax_20returns more:taxes   The amount you realize from a disposition is the total of all money you receive plus the fair market value of all property or services you receive. Amended tax returns more:label_amended_20tax_20returns more:taxes The amount you realize also includes any of your liabilities that were assumed by the buyer and any liabilities to which the property you transferred is subject, such as real estate taxes or a mortgage. Amended tax returns more:label_amended_20tax_20returns more:taxes Fair market value. Amended tax returns more:label_amended_20tax_20returns more:taxes   Fair market value is the price at which the property would change hands between a buyer and a seller, neither having to buy or sell, and both having reasonable knowledge of all necessary facts. Amended tax returns more:label_amended_20tax_20returns more:taxes Amount recognized. Amended tax returns more:label_amended_20tax_20returns more:taxes   Your gain or loss realized from a disposition of property is usually a recognized gain or loss for tax purposes. Amended tax returns more:label_amended_20tax_20returns more:taxes Recognized gains must be included in gross income. Amended tax returns more:label_amended_20tax_20returns more:taxes Recognized losses are deductible from gross income. Amended tax returns more:label_amended_20tax_20returns more:taxes However, a gain or loss realized from certain exchanges of property is not recognized. Amended tax returns more:label_amended_20tax_20returns more:taxes See  Nontaxable exchanges, earlier. Amended tax returns more:label_amended_20tax_20returns more:taxes Also, you cannot deduct a loss from the disposition of property held for personal use. Amended tax returns more:label_amended_20tax_20returns more:taxes Is My Gain or Loss Ordinary or Capital? You must classify your gains and losses as either ordinary or capital gains or losses. Amended tax returns more:label_amended_20tax_20returns more:taxes You must do this to figure your net capital gain or loss. Amended tax returns more:label_amended_20tax_20returns more:taxes Generally, you will have a capital gain or loss if you dispose of a capital asset. Amended tax returns more:label_amended_20tax_20returns more:taxes For the most part, everything you own and use for personal purposes or investment is a capital asset. Amended tax returns more:label_amended_20tax_20returns more:taxes Certain property you use in your business is not a capital asset. Amended tax returns more:label_amended_20tax_20returns more:taxes A gain or loss from a disposition of this property is an ordinary gain or loss. Amended tax returns more:label_amended_20tax_20returns more:taxes However, if you held the property longer than 1 year, you may be able to treat the gain or loss as a capital gain or loss. Amended tax returns more:label_amended_20tax_20returns more:taxes These gains and losses are called section 1231 gains and losses. Amended tax returns more:label_amended_20tax_20returns more:taxes For more information about ordinary and capital gains and losses, see chapters 2 and 3 in Publication 544. Amended tax returns more:label_amended_20tax_20returns more:taxes Is My Capital Gain or Loss Short Term or Long Term? If you have a capital gain or loss, you must determine whether it is long term or short term. Amended tax returns more:label_amended_20tax_20returns more:taxes Whether a gain or loss is long or short term depends on how long you own the property before you dispose of it. Amended tax returns more:label_amended_20tax_20returns more:taxes The time you own property before disposing of it is called the holding period. Amended tax returns more:label_amended_20tax_20returns more:taxes Table 3-2. Amended tax returns more:label_amended_20tax_20returns more:taxes Do I Have a Short-Term or Long-Term Gain or Loss? IF you hold the property. Amended tax returns more:label_amended_20tax_20returns more:taxes . Amended tax returns more:label_amended_20tax_20returns more:taxes . Amended tax returns more:label_amended_20tax_20returns more:taxes THEN you have a. Amended tax returns more:label_amended_20tax_20returns more:taxes . Amended tax returns more:label_amended_20tax_20returns more:taxes . Amended tax returns more:label_amended_20tax_20returns more:taxes 1 year or less Short-term capital gain or loss. Amended tax returns more:label_amended_20tax_20returns more:taxes More than 1 year Long-term capital gain or loss. Amended tax returns more:label_amended_20tax_20returns more:taxes For more information about short-term and long-term capital gains and losses, see chapter 4 of Publication 544. Amended tax returns more:label_amended_20tax_20returns more:taxes Where Do I Report Gains and Losses? Report gains and losses from the following dispositions on the forms indicated. Amended tax returns more:label_amended_20tax_20returns more:taxes The instructions for the forms explain how to fill them out. Amended tax returns more:label_amended_20tax_20returns more:taxes Dispositions of business property and depreciable property. Amended tax returns more:label_amended_20tax_20returns more:taxes   Use Form 4797. Amended tax returns more:label_amended_20tax_20returns more:taxes If you have taxable gain, you may also have to use Schedule D (Form 1040). Amended tax returns more:label_amended_20tax_20returns more:taxes Like-kind exchanges. Amended tax returns more:label_amended_20tax_20returns more:taxes   Use Form 8824, Like-Kind Exchanges. Amended tax returns more:label_amended_20tax_20returns more:taxes You may also have to use Form 4797 and Schedule D (Form 1040). Amended tax returns more:label_amended_20tax_20returns more:taxes Installment sales. Amended tax returns more:label_amended_20tax_20returns more:taxes   Use Form 6252, Installment Sale Income. Amended tax returns more:label_amended_20tax_20returns more:taxes You may also have to use Form 4797 and Schedule D (Form 1040). Amended tax returns more:label_amended_20tax_20returns more:taxes Casualties and thefts. Amended tax returns more:label_amended_20tax_20returns more:taxes   Use Form 4684, Casualties and Thefts. Amended tax returns more:label_amended_20tax_20returns more:taxes You may also have to use Form 4797. Amended tax returns more:label_amended_20tax_20returns more:taxes Condemned property. Amended tax returns more:label_amended_20tax_20returns more:taxes   Use Form 4797. Amended tax returns more:label_amended_20tax_20returns more:taxes You may also have to use Schedule D (Form 1040). Amended tax returns more:label_amended_20tax_20returns more:taxes Prev  Up  Next   Home   More Online Publications
Español

Consumer Protection Offices

City, county, regional, and state consumer offices offer a variety of important services. They might mediate complaints, conduct investigations, prosecute offenders of consumer laws, license and regulate professional service providers, provide educational materials and advocate for consumer rights. To save time, call before sending a written complaint. Ask if the office handles the type of complaint you have and if complaint forms are provided.

State Consumer Protection Offices

Bureau of Consumer Credit Protection

Website: Bureau of Consumer Credit Protection

Address: Bureau of Consumer Credit Protection
35 State House Station
Augusta, ME 04333

Phone Number: 207-624-8527

Toll-free: 1-800-332-8529 (ME)

TTY: 1-888-577-6690

Maine Attorney General's Office

Website: Maine Attorney General's Office

Address: Maine Attorney General's Office
Consumer Information and Mediation Service
Six State House Station
Augusta, ME 04333

Phone Number: 207-626-8849

Toll-free: 1-800-436-2131 (ME)

Back to Top

Banking Authorities

The officials listed in this section regulate and supervise state-chartered banks. Many of them handle or refer problems and complaints about other types of financial institutions as well. Some also answer general questions about banking and consumer credit. If you are dealing with a federally chartered bank, check Federal Agencies.

Bureau of Financial Institutions

Website: Bureau of Financial Institutions

Address: Bureau of Financial Institutions
Consumer Outreach Program
36 State House Station
Augusta, ME 04333-0036

Phone Number: 207-624-8570

Toll-free: 1-800-965-5235

Back to Top

Insurance Regulators

Each state has its own laws and regulations for each type of insurance. The officials listed in this section enforce these laws. Many of these offices can also provide you with information to help you make informed insurance buying decisions.

Bureau of Insurance

Website: Bureau of Insurance

Address: Bureau of Insurance
34 State House Station
Augusta, ME 04333-0034

Phone Number: 207-624-8475

Toll-free: 1-800-300-5000 (ME)

Back to Top

Securities Administrators

Each state has its own laws and regulations for securities brokers and securities - including stocks, mutual funds, commodities, real estate, etc. The officials and agencies listed in this section enforce these laws and regulations. Many of these offices can also provide information to help you make informed investment decisions.

Department of Professional and Financial Regulation

Website: Department of Professional and Financial Regulation

Address: Department of Professional and Financial Regulation
Office of Securities
121 State House Station
Augusta, ME 04333

Phone Number: 207-624-8551

Toll-free: 1-877-624-8551 (ME)

Back to Top

Utility Commissions

State Utility Commissions regulate services and rates for gas, electricity and telephones within your state. In some states, the utility commissions regulate other services such as water, transportation, and the moving of household goods. Many utility commissions handle consumer complaints. Sometimes, if a number of complaints are received about the same utility matter, they will conduct investigations.

Public Utilities Commission

Website: Public Utilities Commission

Address: Public Utilities Commission
Consumer Assistance Division
18 State House Station
Augusta, ME 04333-0018

Phone Number: 207-287-3831

Toll-free: 1-800-452-4699 (ME)

TTY: 1-800-437-1220

Back to Top

The Amended Tax Returns More:label_amended_20tax_20returns More:taxes

Amended tax returns more:label_amended_20tax_20returns more:taxes 10. Amended tax returns more:label_amended_20tax_20returns more:taxes   Indoor Tanning Services Tax Table of Contents The tax on indoor tanning service is 10% of the amount paid for that service. Amended tax returns more:label_amended_20tax_20returns more:taxes The tax is paid by the person paying for the services and is collected by the person receiving payment for the indoor tanning services. Amended tax returns more:label_amended_20tax_20returns more:taxes Definition of indoor tanning services. Amended tax returns more:label_amended_20tax_20returns more:taxes   Indoor tanning service means a service employing any electronic product designed to incorporate one or more ultraviolet lamps and intended for the irradiation of an individual by ultraviolet radiation, with wavelengths in air between 200 and 400 nanometers, to induce skin tanning. Amended tax returns more:label_amended_20tax_20returns more:taxes The term does not include phototherapy service performed by, and on the premises of, a licensed medical professional (such as a dermatologist, psychologist, or registered nurse). Amended tax returns more:label_amended_20tax_20returns more:taxes See regulations section 49. Amended tax returns more:label_amended_20tax_20returns more:taxes 5000B-1 for more information, and special rules for qualified physical fitness facilities, undesignated payment cards, and bundled payments. Amended tax returns more:label_amended_20tax_20returns more:taxes File Form 720. Amended tax returns more:label_amended_20tax_20returns more:taxes   The person receiving the payment for indoor tanning services (collector) must collect and remit the tax and file the return. Amended tax returns more:label_amended_20tax_20returns more:taxes If the tax is not collected for any reason, the collector is liable for the tax. Amended tax returns more:label_amended_20tax_20returns more:taxes The collector is not required to make semimonthly deposits of the tax. Amended tax returns more:label_amended_20tax_20returns more:taxes Prev  Up  Next   Home   More Online Publications