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H&r block coupons 2012 printable Publication 17(SP) - Introductory Material Table of Contents Qué Hay de Nuevo Recordatorios IntroductionIconos. H&r block coupons 2012 printable Para pedir formularios y publicaciones. H&r block coupons 2012 printable Preguntas sobre los impuestos. H&r block coupons 2012 printable Todo material en esta publicación puede ser reimpreso gratuitamente. H&r block coupons 2012 printable Una referencia a El Impuesto Federal sobre los Ingresos (2013) sería apropiada. H&r block coupons 2012 printable Las explicaciones y ejemplos en esta publicación representan la interpretación del Servicio de Impuestos Internos (IRS, por sus siglas en inglés) con respecto a: Leyes tributarias promulgadas por el Congreso de los Estados Unidos, Reglamentos del Departamento del Tesoro de los Estados Unidos y Decisiones de los tribunales. H&r block coupons 2012 printable Sin embargo, la información provista no abarca cada situación y no se presenta con la intención de reemplazar la ley o cambiar su significado. H&r block coupons 2012 printable Esta publicación abarca ciertos temas sobre los cuales un tribunal puede haber dictado un fallo más favorable para los contribuyentes que la interpretación hecha por el IRS. H&r block coupons 2012 printable Hasta que estas interpretaciones divergentes sean resueltas por fallos o decretos de un tribunal superior o de alguna otra manera, esta publicación continuará presentando las interpretaciones hechas por el IRS. H&r block coupons 2012 printable Todos los contribuyentes tienen derechos importantes cuando tratan con el IRS. H&r block coupons 2012 printable Estos derechos están descritos en la sección titulada Derechos del Contribuyente , al final de esta publicación. H&r block coupons 2012 printable Qué Hay de Nuevo Esta sección resume ciertos cambios tributarios importantes que entraron en vigor en el año 2013. H&r block coupons 2012 printable La mayor parte de estos cambios se abordan en más detalle en esta publicación. H&r block coupons 2012 printable Acontecimientos futuros. H&r block coupons 2012 printable  Si desea obtener la información más reciente sobre temas de ley tributaria que se explican en esta publicación, incluyendo toda información sobre legislación tributaria, acceda a www. H&r block coupons 2012 printable irs. H&r block coupons 2012 printable gov/pub17sp. H&r block coupons 2012 printable Impuesto Adicional del Medicare. H&r block coupons 2012 printable  Comenzando en el año 2013, le corresponderá un Impuesto Adicional del Medicare de 0. H&r block coupons 2012 printable 9% sobre los salarios, la compensación por jubilación ferroviaria (RRTA, por sus siglas en inglés) y el ingreso sobre el trabajo por cuenta propia que están sujetos al impuesto al Medicare. H&r block coupons 2012 printable El impuesto corresponde si estos ingresos son mayores que: $125,000, si es casado que presenta una declaración por separado, $250,000, si es casado que presenta una declaración conjunta o $200,000, si presenta la declaración utilizando cualquier otro estado civil para efectos de la declaración. H&r block coupons 2012 printable Si desea más información, vea el Formulario 8959 y sus Instrucciones, disponibles en inglés. H&r block coupons 2012 printable Impuesto sobre los ingresos netos de inversión. H&r block coupons 2012 printable  Comenzando en el año 2013, usted podría estar sujeto al impuesto sobre los ingresos netos de inversión (NIIT, por sus siglas en inglés). H&r block coupons 2012 printable Este impuesto es el 3. H&r block coupons 2012 printable 8% de la cantidad menor entre (a) su ingreso neto de inversión o (b) la cantidad en exceso de su ingreso bruto ajustado modificado sobre: $125,000, si es casado que presenta una declaración por separado, $250,000, si es casado que presenta una declaración conjunta o si es viudo calificado o $200,000, si presenta la declaración utilizando cualquier otro estado civil para efectos de la declaración. H&r block coupons 2012 printable Si desea más información, vea el Formulario 8960 y sus Instrucciones, disponibles en inglés. H&r block coupons 2012 printable Cambio en las tasas tributarias. H&r block coupons 2012 printable  La tasa tributaria mayor es de 39. H&r block coupons 2012 printable 6%. H&r block coupons 2012 printable Si desea más información, vea la Hoja de Trabajo para el Cálculo del Impuesto del Año 2013 o las Tasas Impositivas de 2013 , las cuales se encuentran al final de esta publicación. H&r block coupons 2012 printable Tasa tributaria sobre las ganancias netas de capital y dividendos calificados. H&r block coupons 2012 printable  La tasa tributaria máxima de 15% sobre las ganancias netas de capital y los dividendos calificados ha aumentado a 20% para algunos contribuyentes. H&r block coupons 2012 printable Vea el capítulo 16 . H&r block coupons 2012 printable Gastos médicos y dentales. H&r block coupons 2012 printable  Usted puede deducir solamente la parte de sus gastos médicos y dentales que sea mayor que el 10% de su ingreso bruto ajustado (7. H&r block coupons 2012 printable 5% si usted o su cónyuge tiene 65 años de edad o más). H&r block coupons 2012 printable Vea el capítulo 21 . H&r block coupons 2012 printable Aumento de la cantidad de la exención personal para determinados contribuyentes. H&r block coupons 2012 printable  La exención personal que le corresponde a usted ha aumentado a $3,900. H&r block coupons 2012 printable Pero, esta cantidad se reduce si su ingreso bruto ajustado es mayor que: $150,000, si es casado que presenta una declaración por separado, $250,000, si es soltero, $275,000, si es cabeza de familia o $300,000, si presenta la declaración utilizando cualquier otro estado civil para efectos de la declaración. H&r block coupons 2012 printable Vea el capítulo 3 . H&r block coupons 2012 printable Límite sobre las deducciones detalladas. H&r block coupons 2012 printable  Usted puede que no tenga derecho de deducir todas sus deducciones detalladas si su ingreso bruto ajustado es mayor que: $150,000, si es casado que presenta una declaración por separado, $250,000, si es soltero, $275,000, si es cabeza de familia o $300,000, si presenta la declaración utilizando cualquier otro estado civil para efectos de la declaración. H&r block coupons 2012 printable Vea el capítulo 29 . H&r block coupons 2012 printable Matrimonio entre el mismo sexo. H&r block coupons 2012 printable  Si tiene un cónyuge de su mismo sexo con quien usted se casó en un estado (o jurisdicción o país extranjero) que reconoce el matrimonio entre personas del mismo sexo, usted y su cónyuge tienen que utilizar el estado civil para efectos de la declaración de casados que presentan una declaración conjunta o casado que presenta la declaración por separado en su declaración del año 2013. H&r block coupons 2012 printable Utilice uno de estos estados civiles para efectos de la declaración aunque usted y su cónyuge en la actualidad vivan en un estado (o jurisdicción o país extranjero) en donde no se reconozca el matrimonio entre personas del mismo sexo. H&r block coupons 2012 printable Vea el capítulo 2 . H&r block coupons 2012 printable Si reúne ciertos requisitos, quizás podría presentar declaraciones enmendadas para cambiar su estado civil para efectos de la declaración para algunos años anteriores. H&r block coupons 2012 printable Si desea saber más detalles sobre declaraciones enmendadas, vea el capítulo 1 . H&r block coupons 2012 printable Cuenta flexible de ahorros para gastos médicos (FSA, por sus siglas en inglés). H&r block coupons 2012 printable  Comenzando con los años del plan después de 2012, usted no puede hacer aportaciones mediante la reducción de salarios mayores de $2,500 a cuentas flexibles de ahorros para gastos médicos (FSA, por sus siglas en inglés). H&r block coupons 2012 printable Vea el capítulo 5 . H&r block coupons 2012 printable Créditos tributarios que vencen. H&r block coupons 2012 printable  El crédito por vehículo eléctrico enchufable y la parte reembolsable del crédito del impuesto mínimo de años anteriores ha vencido. H&r block coupons 2012 printable Usted no puede reclamar ninguno de éstos en su declaración del año 2013. H&r block coupons 2012 printable Vea el capítulo 37 . H&r block coupons 2012 printable Esquemas de inversión de tipo Ponzi. H&r block coupons 2012 printable  Hay nuevas reglas sobre cómo reclamar una deducción en el Formulario 4684, en inglés, debido a una pérdida por robo por un esquema de inversión de tipo Ponzi. H&r block coupons 2012 printable Vea el capítulo 25 . H&r block coupons 2012 printable Método simplificado para la deducción por oficina en el hogar. H&r block coupons 2012 printable  Si usted puede tomar una deducción por tener una oficina en su hogar, quizás pueda utilizar un método simplificado para calcular dicha deducción. H&r block coupons 2012 printable Vea la Publicación 587, disponible en inglés. H&r block coupons 2012 printable Tarifas estándar por milla. H&r block coupons 2012 printable  Para 2013, la tarifa estándar por milla permitida por el costo de operar su automóvil para uso comercial ha aumentado a 56½ centavos por milla. H&r block coupons 2012 printable Vea el capítulo 26 . H&r block coupons 2012 printable Para 2013, la tarifa estándar por milla permitida por el costo de operar su automóvil por razones médicas ha aumentado a 24 centavos por milla. H&r block coupons 2012 printable Vea el capítulo 21 . H&r block coupons 2012 printable Para 2013, la tarifa estándar por milla permitida por el costo de operar su automóvil para determinar los gastos de mudanza ha aumentado a 24 centavos por milla. H&r block coupons 2012 printable Vea la Publicación 521, Moving Expenses (Gastos de mudanza), en inglés. H&r block coupons 2012 printable Recordatorios A continuación aparecen recordatorios importantes y otros asuntos que le podrían ayudar a presentar su declaración de impuestos del año 2013. H&r block coupons 2012 printable Muchos de estos asuntos se explican más adelante en esta publicación. H&r block coupons 2012 printable Anote su número de Seguro Social (SSN, por sus siglas en inglés) en la declaración. H&r block coupons 2012 printable  Anote su número de Seguro Social (SSN, por sus siglas en inglés) en el espacio correspondiente de la declaración de impuestos. H&r block coupons 2012 printable Si presentó una declaración conjunta de impuestos en el año 2012 y presenta una declaración conjunta en el año 2013 con el mismo cónyuge, escriba los nombres y números de Seguro Social en el mismo orden en que lo hizo en el año 2012. H&r block coupons 2012 printable Vea el capítulo 1 . H&r block coupons 2012 printable Proteja su documentación tributaria contra el robo de identidad. H&r block coupons 2012 printable  El robo de identidad ocurre cuando otra persona usa la información personal de usted sin su autorización para cometer fraude u otros delitos. H&r block coupons 2012 printable Dicha información personal podría ser su nombre, número de Seguro Social (SSN, por sus siglas en inglés) u otra información de identificación. H&r block coupons 2012 printable Un ladrón de identidad puede usar su SSN para obtener un empleo o puede presentar una declaración de impuestos usando su SSN robado para recibir un reembolso. H&r block coupons 2012 printable Si desea más información sobre el robo de identidad e información sobre cómo reducir su riesgo al robo de identidad, vea el capítulo 1 . H&r block coupons 2012 printable Números de identificación del contribuyente. H&r block coupons 2012 printable  Tiene que proveer el número de identificación del contribuyente de cada persona por la cual reclama ciertos beneficios tributarios. H&r block coupons 2012 printable Este requisito se aplica aun en el caso en que la persona haya nacido en el año 2013. H&r block coupons 2012 printable Por lo general, este número es el número de Seguro Social de la persona. H&r block coupons 2012 printable Vea el capítulo 1 . H&r block coupons 2012 printable Ingreso de fuentes en el extranjero. H&r block coupons 2012 printable  Si es ciudadano de los Estados Unidos con ingresos provenientes de fuentes en el extranjero (ingresos del extranjero), tiene que declarar todos estos ingresos en su declaración de impuestos, a menos que estén exentos conforme a las leyes estadounidenses. H&r block coupons 2012 printable Esto es cierto tanto si vive dentro como fuera de los Estados Unidos e independientemente de si recibe o no un Formulario W-2 ó 1099 del pagador extranjero. H&r block coupons 2012 printable Esto corresponde al ingreso del trabajo (como salarios y propinas) y también al ingreso no derivado del trabajo (como intereses, dividendos, ganancias de capital, pensiones, alquileres y regalías). H&r block coupons 2012 printable Si reside fuera de los Estados Unidos, es posible que pueda excluir la totalidad o parte de su ingreso del trabajo procedente de fuentes en el extranjero. H&r block coupons 2012 printable Para más detalles, vea la Publicación 54, Tax Guide for U. H&r block coupons 2012 printable S. H&r block coupons 2012 printable Citizens and Resident Aliens Abroad (Guía tributaria para ciudadanos y residentes estadounidenses en el extranjero), en inglés. H&r block coupons 2012 printable Activos financieros extranjeros. H&r block coupons 2012 printable  Si tuvo activos financieros extranjeros en el 2013, es posible que tenga que presentar el nuevo Formulario 8938 con su declaración. H&r block coupons 2012 printable Vea www. H&r block coupons 2012 printable IRS. H&r block coupons 2012 printable gov/form8938, en inglés, para más detalles. H&r block coupons 2012 printable Prórroga automática de 6 meses para presentar la declaración de impuestos. H&r block coupons 2012 printable  Puede usar el Formulario 4868(SP), Solicitud de Prórroga Automática para Presentar la Declaración del Impuesto sobre el Ingreso Personal de los Estados Unidos (o el Formulario 4868, en inglés), para obtener una prórroga automática de 6 meses para presentar su declaración de impuestos. H&r block coupons 2012 printable Vea el capítulo 1 . H&r block coupons 2012 printable Incluya su número de teléfono en la declaración. H&r block coupons 2012 printable  Para resolver rápidamente cualquier pregunta que necesitemos hacerle para tramitar su declaración, nos gustaría poder llamarlo. H&r block coupons 2012 printable Anote el número de teléfono donde podamos llamarlo durante el día, al lado del espacio donde firma la declaración de impuestos y donde aparece su ocupación. H&r block coupons 2012 printable Si usted presenta una declaración conjunta, puede anotar el número de teléfono suyo o el de su cónyuge. H&r block coupons 2012 printable Pago de los impuestos. H&r block coupons 2012 printable   Puede pagar sus impuestos a través de la Internet, a través del teléfono o por medio de cheque o giro. H&r block coupons 2012 printable Puede efectuar una transferencia directa de su cuenta bancaria o utilizar una tarjeta de crédito o débito. H&r block coupons 2012 printable Si presenta su declaración electrónicamente (por medio de e-file), puede programar un pago electrónico. H&r block coupons 2012 printable Vea el capítulo 1 . H&r block coupons 2012 printable Maneras más rápidas de presentar su declaración. H&r block coupons 2012 printable  El IRS ofrece maneras rápidas y fiables de presentar la información tributaria sin tener que presentar una declaración en papel. H&r block coupons 2012 printable Puede usar el sistema electrónico e-file del IRS para presentar su declaración de impuestos. H&r block coupons 2012 printable Vea el capítulo 1 . H&r block coupons 2012 printable Presentación electrónica gratuita de la declaración. H&r block coupons 2012 printable  Usted quizás pueda presentar su declaración de impuestos del año 2013 por Internet sin pagar cargo alguno. H&r block coupons 2012 printable Vea el capítulo 1 . H&r block coupons 2012 printable Cambio de dirección. H&r block coupons 2012 printable  Si cambia de dirección, debe notificarle al IRS. H&r block coupons 2012 printable Vea el tema titulado Cambio de Dirección , en el capítulo 1. H&r block coupons 2012 printable Reembolsos de una declaración presentada fuera de plazo. H&r block coupons 2012 printable  Si a usted se le debe un reembolso pero no presentó una declaración, por lo general tendrá que presentar su declaración dentro de 3 años a partir de la fecha en que la declaración venció (incluidas prórrogas) para obtener ese reembolso. H&r block coupons 2012 printable Vea el capítulo 1 . H&r block coupons 2012 printable Declaraciones de impuestos frívolas. H&r block coupons 2012 printable  El IRS ha publicado una lista de posturas identificadas como frívolas. H&r block coupons 2012 printable La multa por presentar una declaración de impuestos frívola es de $5,000. H&r block coupons 2012 printable Vea el capítulo 1 . H&r block coupons 2012 printable Reclamación errónea de reembolso o crédito. H&r block coupons 2012 printable  Quizás tenga que pagar una multa si reclama erróneamente un reembolso o crédito. H&r block coupons 2012 printable Vea el capítulo 1 . H&r block coupons 2012 printable Información sobre la Ley de Confidencialidad de Información y la Ley de Reducción de Trámites. H&r block coupons 2012 printable   La IRS Restructuring and Reform Act of 1998 (Ley de Reestructuración y Reforma del Servicio de Impuestos Internos de 1998), la Privacy Act of 1974 (Ley de Confidencialidad de Información de 1974) y la Paperwork Reduction Act of 1980 (Ley de Reducción de Trámites de 1980) requieren que, cuando le solicitemos información, le informemos primero sobre cuál es nuestro derecho legal para solicitar esa información, por qué la estamos solicitando, cómo se usará la información, qué podría suceder si no la recibimos y si su respuesta es voluntaria, necesaria para obtener un beneficio u obligatoria conforme a la ley. H&r block coupons 2012 printable Una explicación completa sobre este tema puede encontrarse en las instrucciones de los formularios. H&r block coupons 2012 printable Servicio a los contribuyentes. H&r block coupons 2012 printable  Puede hacer una cita para recibir ayuda en persona en el Centro de Ayuda al Contribuyente más conveniente en el día laborable que más le convenga. H&r block coupons 2012 printable Vea el tema titulado Cómo Obtener Ayuda con los Impuestos , al final de esta publicación. H&r block coupons 2012 printable Mandato para preparadores de impuestos sobre el sistema e-file. H&r block coupons 2012 printable  La mayoría de los preparadores de impuestos remunerados que preparan y presentan declaraciones tienen que presentar electrónicamente por medio del sistema e-file. H&r block coupons 2012 printable Puede ser que su preparador le comunique sobre este requisito y las opciones que están a disposición suya. H&r block coupons 2012 printable Inspector General del Tesoro para la Administración Tributaria. H&r block coupons 2012 printable   Si desea denunciar confidencialmente la mala conducta, ineficacia, el fraude o abuso cometido por un empleado del IRS, puede llamar al 1-800-366-4484 (1-800-877-8339 para personas sordas, con limitación auditiva o que tienen impedimentos del habla, y que usen equipo TTY/TDD). H&r block coupons 2012 printable Puede mantenerse anónimo. H&r block coupons 2012 printable Fotografías de niños desaparecidos. H&r block coupons 2012 printable  El IRS se enorgullece en colaborar con el National Center for Missing and Exploited Children (Centro Nacional de Búsqueda de Niños Desaparecidos y Explotados). H&r block coupons 2012 printable Las fotografías de niños desaparecidos que han sido seleccionadas por el Centro pueden aparacer en esta publicación en páginas que de otra manera estarían en blanco. H&r block coupons 2012 printable Usted puede ayudar a que estos niños regresen a sus hogares mirando sus fotografías y llamando al número gratuito 1-800-THE-LOST (1-800-843-5678) si reconoce a un niño. H&r block coupons 2012 printable Introduction Esta publicación abarca las reglas generales para la presentación de una declaración federal de impuestos sobre el ingreso. H&r block coupons 2012 printable La publicación complementa la información contenida en las instrucciones para el formulario de impuestos. H&r block coupons 2012 printable Igualmente explica las leyes tributarias para asegurar que usted pague sólo los impuestos que adeuda y nada más. H&r block coupons 2012 printable Cómo está organizada esta publicación. H&r block coupons 2012 printable   Esta publicación sigue de cerca el Formulario 1040, U. H&r block coupons 2012 printable S. H&r block coupons 2012 printable Individual Income Tax Return (Declaración de impuestos de los Estados Unidos sobre los ingresos personales), disponible en inglés. H&r block coupons 2012 printable Está dividida en seis partes que abarcan distintas secciones del Formulario 1040. H&r block coupons 2012 printable Cada parte está subdividida en capítulos que normalmente explican una línea del formulario. H&r block coupons 2012 printable No se preocupe si presenta el Formulario 1040A o el Formulario 1040EZ. H&r block coupons 2012 printable Todo lo que está incluido en una línea de cualquiera de ambos formularios se incluye también en el Formulario 1040. H&r block coupons 2012 printable   La tabla de contenido que aparece al comienzo de esta publicación y el índice que aparece al final le servirán de utilidad para encontrar la información que necesite. H&r block coupons 2012 printable Qué se incluye en esta publicación. H&r block coupons 2012 printable   Esta publicación comienza con las reglas para la presentación de una declaración de impuestos. H&r block coupons 2012 printable La publicación explica: Quién tiene que presentar una declaración, Qué formulario se debe utilizar para declarar los impuestos, Cuándo es la fecha de vencimiento de la declaración, Cómo presentar su declaración usando el sistema electrónico e-file y Otra información general. H&r block coupons 2012 printable Esta publicación le ayudará a identificar el estado civil para propósitos de la declaración al cual tiene derecho. H&r block coupons 2012 printable Del mismo modo, le ayudará a determinar si puede reclamar algún dependiente y si los ingresos que recibe están sujetos a impuestos. H&r block coupons 2012 printable La publicación también explica la deducción estándar, las clases de gastos que quizás pueda deducir y varios créditos que quizás pueda tomar para reducir sus impuestos. H&r block coupons 2012 printable   A lo largo de la publicación, hay ejemplos que muestran cómo se aplican las leyes tributarias en situaciones típicas. H&r block coupons 2012 printable También hay organigramas y tablas en la publicación que presentan información tributaria en una manera fácil de entender. H&r block coupons 2012 printable   Muchos de los temas que se tratan en esta publicación son explicados en mayor detalle en otras publicaciones del IRS. H&r block coupons 2012 printable Se hace referencia a dichas publicaciones y se indica si están disponibles en español o en inglés. H&r block coupons 2012 printable Iconos. H&r block coupons 2012 printable   En la publicación se utilizan pequeños símbolos gráficos, o sea iconos, para llamar su atención a información especial. H&r block coupons 2012 printable Vea la Tabla 1 , más adelante, para una explicación de cada icono usado en esta publicación. H&r block coupons 2012 printable Qué no se incluye en esta publicación. H&r block coupons 2012 printable   Algunos materiales que le podrían ser útiles no se incluyen en esta publicación pero pueden encontrarse en el folleto de instrucciones del formulario de impuestos. H&r block coupons 2012 printable Esto incluye listas que identifican lo siguiente: Dónde declarar ciertas partidas que aparecen en documentos informativos y Temas tributarios grabados (temas TeleTax). H&r block coupons 2012 printable   Si opera su propio negocio o si tiene otros ingresos del trabajo por cuenta propia, tales como del cuidado de niños o la venta de artesanía, vea las siguientes publicaciones para más información: Publicación 334, Tax Guide for Small Business (For Individuals Who Use Schedule C or C-EZ) (Guía tributaria para pequeños negocios (para personas que usen el Anexo C o C-EZ)), en inglés. H&r block coupons 2012 printable Publicación 535, Business Expenses (Gastos de negocios), en inglés. H&r block coupons 2012 printable Publicación 587, Business Use of Your Home (Including Use by Daycare Providers) (Uso comercial de su vivienda (incluyendo el uso por proveedores del cuidado de niños)), en inglés. H&r block coupons 2012 printable Ayuda del IRS. H&r block coupons 2012 printable   Existen muchas maneras en que puede obtener ayuda del IRS. H&r block coupons 2012 printable Éstas se explican bajo el tema titulado Cómo Obtener Ayuda con los Impuestos , al final de esta publicación. H&r block coupons 2012 printable Comentarios y sugerencias. H&r block coupons 2012 printable   Agradeceremos sus comentarios acerca de esta publicación, así como sus sugerencias para ediciones futuras. H&r block coupons 2012 printable   Puede enviar sus comentarios a la dirección siguiente:  Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. H&r block coupons 2012 printable NW, IR-6526 Washington, DC 20224   Contestamos muchas cartas por teléfono. H&r block coupons 2012 printable Por lo tanto, sería útil que incluyera en la correspondencia su número de teléfono, con el código de área, en donde nos podamos comunicar con usted durante el día. H&r block coupons 2012 printable   Usted nos puede enviar comentarios desde la página web www. H&r block coupons 2012 printable irs. H&r block coupons 2012 printable gov/formspubs, en inglés, seleccionando Comment on Tax Forms and Publications (Enviar comentarios sobre los formularios y publicaciones de impuestos), bajo la sección More Information (Información adicional). H&r block coupons 2012 printable   Aunque no le podemos contestar individualmente, agradecemos sus comentarios y sugerencias y los tendremos en cuenta para ediciones futuras de nuestros productos tributarios. H&r block coupons 2012 printable Para pedir formularios y publicaciones. H&r block coupons 2012 printable   Visite www. H&r block coupons 2012 printable irs. H&r block coupons 2012 printable gov/formspubs para descargar formularios y publicaciones, llame al 1-800-829-3676 para pedir formularios y publicaciones o escriba a la dirección indicada a continuación y recibirá una respuesta dentro de 10 días después de que nosotros recibamos su solicitud. H&r block coupons 2012 printable  Internal Revenue Service 1201 N. H&r block coupons 2012 printable Mitsubishi Motorway Bloomington, IL 61705-6613 Preguntas sobre los impuestos. H&r block coupons 2012 printable   Si tiene una pregunta sobre los impuestos, verifique la información disponible en IRS. H&r block coupons 2012 printable gov/espanol o llame al 1-800-829-1040. H&r block coupons 2012 printable No podemos contestar preguntas sobre impuestos enviadas a ninguna de las dos direcciones indicadas anteriormente. H&r block coupons 2012 printable Misión del IRS. H&r block coupons 2012 printable   Proveerles a los contribuyentes de los Estados Unidos de América un servicio de la más alta calidad al ayudarles a entender y cumplir con sus responsabilidades tributarias y, a la vez, hacer cumplir las leyes tributarias de manera íntegra y justa para todos. H&r block coupons 2012 printable Tabla 1. H&r block coupons 2012 printable Leyenda de los Iconos Icono Explicación Partidas que podrían causarle problemas en particular o una alerta sobre legislaciones pendientes que podrían entrar en vigor después de que se imprima esta publicación. H&r block coupons 2012 printable Un sitio en Internet o una dirección de correo electrónico. H&r block coupons 2012 printable Una dirección que podría necesitar. H&r block coupons 2012 printable Documentos que debería mantener en su documentación personal. H&r block coupons 2012 printable Cálculos que necesite realizar o una hoja de trabajo que pueda tener que completar y conservar para sus archivos. 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H&r block coupons 2012 printable 8. H&r block coupons 2012 printable   Business Expenses Table of Contents Introduction Useful Items - You may want to see: Bad DebtsAccrual method. H&r block coupons 2012 printable Cash method. H&r block coupons 2012 printable Car and Truck ExpensesOffice in the home. H&r block coupons 2012 printable Methods for Deducting Car and Truck Expenses Reimbursing Your Employees for Expenses Depreciation Employees' PayFringe benefits. H&r block coupons 2012 printable InsuranceHow to figure the deduction. H&r block coupons 2012 printable Interest Legal and Professional FeesTax preparation fees. H&r block coupons 2012 printable Pension Plans Rent Expense Taxes Travel, Meals, and EntertainmentTransportation. H&r block coupons 2012 printable Taxi, commuter bus, and limousine. H&r block coupons 2012 printable Baggage and shipping. H&r block coupons 2012 printable Car or truck. H&r block coupons 2012 printable Meals and lodging. H&r block coupons 2012 printable Cleaning. H&r block coupons 2012 printable Telephone. H&r block coupons 2012 printable Tips. H&r block coupons 2012 printable More information. H&r block coupons 2012 printable Business Use of Your HomeExceptions to exclusive use. H&r block coupons 2012 printable Other Expenses You Can Deduct Expenses You Cannot Deduct Introduction You can deduct the costs of operating your business. H&r block coupons 2012 printable These costs are known as business expenses. H&r block coupons 2012 printable These are costs you do not have to capitalize or include in the cost of goods sold but can deduct in the current year. H&r block coupons 2012 printable To be deductible, a business expense must be both ordinary and necessary. H&r block coupons 2012 printable An ordinary expense is one that is common and accepted in your field of business. H&r block coupons 2012 printable A necessary expense is one that is helpful and appropriate for your business. H&r block coupons 2012 printable An expense does not have to be indispensable to be considered necessary. H&r block coupons 2012 printable For more information about the general rules for deducting business expenses, see chapter 1 in Publication 535, Business Expenses. H&r block coupons 2012 printable If you have an expense that is partly for business and partly personal, separate the personal part from the business part. H&r block coupons 2012 printable The personal part is not deductible. H&r block coupons 2012 printable Useful Items - You may want to see: Publication 463 Travel, Entertainment, Gift, and Car Expenses 535 Business Expenses 946 How To Depreciate Property See chapter 12 for information about getting publications and forms. H&r block coupons 2012 printable Bad Debts If someone owes you money you cannot collect, you have a bad debt. H&r block coupons 2012 printable There are two kinds of bad debts, business bad debts and nonbusiness bad debts. H&r block coupons 2012 printable A business bad debt is generally one that comes from operating your trade or business. H&r block coupons 2012 printable You may be able to deduct business bad debts as an expense on your business tax return. H&r block coupons 2012 printable Business bad debt. H&r block coupons 2012 printable   A business bad debt is a loss from the worthlessness of a debt that was either of the following. H&r block coupons 2012 printable Created or acquired in your business. H&r block coupons 2012 printable Closely related to your business when it became partly or totally worthless. H&r block coupons 2012 printable A debt is closely related to your business if your primary motive for incurring the debt is a business reason. H&r block coupons 2012 printable   Business bad debts are mainly the result of credit sales to customers. H&r block coupons 2012 printable They can also be the result of loans to suppliers, clients, employees, or distributors. H&r block coupons 2012 printable Goods and services customers have not paid for are shown in your books as either accounts receivable or notes receivable. H&r block coupons 2012 printable If you are unable to collect any part of these accounts or notes receivable, the uncollectible part is a business bad debt. H&r block coupons 2012 printable    You can take a bad debt deduction for these accounts and notes receivable only if the amount you were owed was included in your gross income either for the year the deduction is claimed or for a prior year. H&r block coupons 2012 printable Accrual method. H&r block coupons 2012 printable   If you use an accrual method of accounting, you normally report income as you earn it. H&r block coupons 2012 printable You can take a bad debt deduction for an uncollectible receivable if you have included the uncollectible amount in income. H&r block coupons 2012 printable Cash method. H&r block coupons 2012 printable   If you use the cash method of accounting, you normally report income when you receive payment. H&r block coupons 2012 printable You cannot take a bad debt deduction for amounts owed to you that you have not received and cannot collect if you never included those amounts in income. H&r block coupons 2012 printable More information. H&r block coupons 2012 printable   For more information about business bad debts, see chapter 10 in Publication 535. H&r block coupons 2012 printable Nonbusiness bad debts. H&r block coupons 2012 printable   All other bad debts are nonbusiness bad debts and are deductible as short-term capital losses on Form 8949 and Schedule D (Form 1040). H&r block coupons 2012 printable For more information on nonbusiness bad debts, see Publication 550, Investment Income and Expenses. H&r block coupons 2012 printable Car and Truck Expenses If you use your car or truck in your business, you may be able to deduct the costs of operating and maintaining your vehicle. H&r block coupons 2012 printable You also may be able to deduct other costs of local transportation and traveling away from home overnight on business. H&r block coupons 2012 printable You may qualify for a tax credit for qualified plug-in electric vehicles, qualified plug-in electric drive motor vehicles, and alternative motor vehicles you place in service during the year. H&r block coupons 2012 printable See Form 8936 and Form 8910 for more information. H&r block coupons 2012 printable Local transportation expenses. H&r block coupons 2012 printable   Local transportation expenses include the ordinary and necessary costs of all the following. H&r block coupons 2012 printable Getting from one workplace to another in the course of your business or profession when you are traveling within the city or general area that is your tax home. H&r block coupons 2012 printable Tax home is defined later. H&r block coupons 2012 printable Visiting clients or customers. H&r block coupons 2012 printable Going to a business meeting away from your regular workplace. H&r block coupons 2012 printable Getting from your home to a temporary workplace when you have one or more regular places of work. H&r block coupons 2012 printable These temporary workplaces can be either within the area of your tax home or outside that area. H&r block coupons 2012 printable Local business transportation does not include expenses you have while traveling away from home overnight. H&r block coupons 2012 printable Those expenses are deductible as travel expenses and are discussed later under Travel, Meals, and Entertainment. H&r block coupons 2012 printable However, if you use your car while traveling away from home overnight, use the rules in this section to figure your car expense deduction. H&r block coupons 2012 printable   Generally, your tax home is your regular place of business, regardless of where you maintain your family home. H&r block coupons 2012 printable It includes the entire city or general area in which your business or work is located. H&r block coupons 2012 printable Example. H&r block coupons 2012 printable You operate a printing business out of rented office space. H&r block coupons 2012 printable You use your van to deliver completed jobs to your customers. H&r block coupons 2012 printable You can deduct the cost of round-trip transportation between your customers and your print shop. H&r block coupons 2012 printable    You cannot deduct the costs of driving your car or truck between your home and your main or regular workplace. H&r block coupons 2012 printable These costs are personal commuting expenses. H&r block coupons 2012 printable Office in the home. H&r block coupons 2012 printable   Your workplace can be your home if you have an office in your home that qualifies as your principal place of business. H&r block coupons 2012 printable For more information, see Business Use of Your Home, later. H&r block coupons 2012 printable Example. H&r block coupons 2012 printable You are a graphics designer. H&r block coupons 2012 printable You operate your business out of your home. H&r block coupons 2012 printable Your home qualifies as your principal place of business. H&r block coupons 2012 printable You occasionally have to drive to your clients to deliver your completed work. H&r block coupons 2012 printable You can deduct the cost of the round-trip transportation between your home and your clients. H&r block coupons 2012 printable Methods for Deducting Car and Truck Expenses For local transportation or overnight travel by car or truck, you generally can use one of the following methods to figure your expenses. H&r block coupons 2012 printable Standard mileage rate. H&r block coupons 2012 printable Actual expenses. H&r block coupons 2012 printable Standard mileage rate. H&r block coupons 2012 printable   You may be able to use the standard mileage rate to figure the deductible costs of operating your car, van, pickup, or panel truck for business purposes. H&r block coupons 2012 printable For 2013, the standard mileage rate is 56. H&r block coupons 2012 printable 5 cents per mile. H&r block coupons 2012 printable    If you choose to use the standard mileage rate for a year, you cannot deduct your actual expenses for that year except for business-related parking fees and tolls. H&r block coupons 2012 printable Choosing the standard mileage rate. H&r block coupons 2012 printable   If you want to use the standard mileage rate for a car or truck you own, you must choose to use it in the first year the car is available for use in your business. H&r block coupons 2012 printable In later years, you can choose to use either the standard mileage rate or actual expenses. H&r block coupons 2012 printable   If you use the standard mileage rate for a car you lease, you must choose to use it for the entire lease period (including renewals). H&r block coupons 2012 printable Standard mileage rate not allowed. H&r block coupons 2012 printable   You cannot use the standard mileage rate if you: Operate five or more cars at the same time, Claimed a depreciation deduction using any method other than straight line, for example, ACRS or MACRS, Claimed a section 179 deduction on the car, Claimed the special depreciation allowance on the car, Claimed actual car expenses for a car you leased, or Are a rural mail carrier who received a qualified reimbursement. H&r block coupons 2012 printable Parking fees and tolls. H&r block coupons 2012 printable   In addition to using the standard mileage rate, you can deduct any business-related parking fees and tolls. H&r block coupons 2012 printable (Parking fees you pay to park your car at your place of work are nondeductible commuting expenses. H&r block coupons 2012 printable ) Actual expenses. H&r block coupons 2012 printable   If you do not choose to use the standard mileage rate, you may be able to deduct your actual car or truck expenses. H&r block coupons 2012 printable    If you qualify to use both methods, figure your deduction both ways to see which gives you a larger deduction. H&r block coupons 2012 printable   Actual car expenses include the costs of the following items. H&r block coupons 2012 printable Depreciation Lease payments Registration Garage rent Licenses Repairs Gas Oil Tires Insurance Parking fees Tolls   If you use your vehicle for both business and personal purposes, you must divide your expenses between business and personal use. H&r block coupons 2012 printable You can divide your expenses based on the miles driven for each purpose. H&r block coupons 2012 printable Example. H&r block coupons 2012 printable You are the sole proprietor of a flower shop. H&r block coupons 2012 printable You drove your van 20,000 miles during the year. H&r block coupons 2012 printable 16,000 miles were for delivering flowers to customers and 4,000 miles were for personal use (including commuting miles). H&r block coupons 2012 printable You can claim only 80% (16,000 ÷ 20,000) of the cost of operating your van as a business expense. H&r block coupons 2012 printable More information. H&r block coupons 2012 printable   For more information about the rules for claiming car and truck expenses, see Publication 463. H&r block coupons 2012 printable Reimbursing Your Employees for Expenses You generally can deduct the amount you reimburse your employees for car and truck expenses. H&r block coupons 2012 printable The reimbursement you deduct and the manner in which you deduct it depend in part on whether you reimburse the expenses under an accountable plan or a nonaccountable plan. H&r block coupons 2012 printable For details, see chapter 11 in Publication 535. H&r block coupons 2012 printable That chapter explains accountable and nonaccountable plans and tells you whether to report the reimbursement on your employee's Form W-2, Wage and Tax Statement. H&r block coupons 2012 printable Depreciation If property you acquire to use in your business is expected to last more than 1 year, you generally cannot deduct the entire cost as a business expense in the year you acquire it. H&r block coupons 2012 printable You must spread the cost over more than 1 tax year and deduct part of it each year on Schedule C. H&r block coupons 2012 printable This method of deducting the cost of business property is called depreciation. H&r block coupons 2012 printable The discussion here is brief. H&r block coupons 2012 printable You will find more information about depreciation in Publication 946. H&r block coupons 2012 printable What property can be depreciated?   You can depreciate property if it meets all the following requirements. H&r block coupons 2012 printable It must be property you own. H&r block coupons 2012 printable It must be used in business or held to produce income. H&r block coupons 2012 printable You never can depreciate inventory (explained in chapter 2) because it is not held for use in your business. H&r block coupons 2012 printable It must have a useful life that extends substantially beyond the year it is placed in service. H&r block coupons 2012 printable It must have a determinable useful life, which means that it must be something that wears out, decays, gets used up, becomes obsolete, or loses its value from natural causes. H&r block coupons 2012 printable You never can depreciate the cost of land because land does not wear out, become obsolete, or get used up. H&r block coupons 2012 printable It must not be excepted property. H&r block coupons 2012 printable This includes property placed in service and disposed of in the same year. H&r block coupons 2012 printable Repairs. H&r block coupons 2012 printable    You cannot depreciate repairs and replacements that do not increase the value of your property, make it more useful, or lengthen its useful life. H&r block coupons 2012 printable You can deduct these amounts on line 21 of Schedule C or line 2 of Schedule C-EZ. H&r block coupons 2012 printable Depreciation method. H&r block coupons 2012 printable   The method for depreciating most business and investment property placed in service after 1986 is called the Modified Accelerated Cost Recovery System (MACRS). H&r block coupons 2012 printable MACRS is discussed in detail in Publication 946. H&r block coupons 2012 printable Section 179 deduction. H&r block coupons 2012 printable   You can elect to deduct a limited amount of the cost of certain depreciable property in the year you place the property in service. H&r block coupons 2012 printable This deduction is known as the “section 179 deduction. H&r block coupons 2012 printable ” The maximum amount you can elect to deduct during 2013 is generally $500,000 (higher limits apply to certain property). H&r block coupons 2012 printable See IRC 179(e). H&r block coupons 2012 printable   This limit is generally reduced by the amount by which the cost of the property placed in service during the tax year exceeds $2 million. H&r block coupons 2012 printable The total amount of depreciation (including the section 179 deduction) you can take for a passenger automobile you use in your business and first place in service in 2013 is $3,160 ($11,160 if you take the special depreciation allowance for qualified passenger automobiles placed in service in 2013). H&r block coupons 2012 printable Special rules apply to trucks and vans. H&r block coupons 2012 printable For more information, see Publication 946. H&r block coupons 2012 printable It explains what property qualifies for the deduction, what limits apply to the deduction, and when and how to recapture the deduction. H&r block coupons 2012 printable    Your section 179 election for the cost of any sport utility vehicle (SUV) and certain other vehicles is limited to $25,000. H&r block coupons 2012 printable For more information, see the Instructions for Form 4562 or Publication 946. H&r block coupons 2012 printable Listed property. H&r block coupons 2012 printable   You must follow special rules and recordkeeping requirements when depreciating listed property. H&r block coupons 2012 printable Listed property is any of the following. H&r block coupons 2012 printable Most passenger automobiles. H&r block coupons 2012 printable Most other property used for transportation. H&r block coupons 2012 printable Any property of a type generally used for entertainment, recreation, or amusement. H&r block coupons 2012 printable Certain computers and related peripheral equipment. H&r block coupons 2012 printable   For more information about listed property, see Publication 946. H&r block coupons 2012 printable Form 4562. H&r block coupons 2012 printable   Use Form 4562, Depreciation and Amortization, if you are claiming any of the following. H&r block coupons 2012 printable Depreciation on property placed in service during the current tax year. H&r block coupons 2012 printable A section 179 deduction. H&r block coupons 2012 printable Depreciation on any listed property (regardless of when it was placed in service). H&r block coupons 2012 printable    If you have to use Form 4562, you must file Schedule C. H&r block coupons 2012 printable You cannot use Schedule C-EZ. H&r block coupons 2012 printable   Employees' Pay You can generally deduct on Schedule C the pay you give your employees for the services they perform for your business. H&r block coupons 2012 printable The pay may be in cash, property, or services. H&r block coupons 2012 printable To be deductible, your employees' pay must be an ordinary and necessary expense and you must pay or incur it in the tax year. H&r block coupons 2012 printable In addition, the pay must meet both the following tests. H&r block coupons 2012 printable The pay must be reasonable. H&r block coupons 2012 printable The pay must be for services performed. H&r block coupons 2012 printable Chapter 2 in Publication 535 explains and defines these requirements. H&r block coupons 2012 printable You cannot deduct your own salary or any personal withdrawals you make from your business. H&r block coupons 2012 printable As a sole proprietor, you are not an employee of the business. H&r block coupons 2012 printable If you had employees during the year, you must use Schedule C. H&r block coupons 2012 printable You cannot use Schedule C-EZ. H&r block coupons 2012 printable Kinds of pay. H&r block coupons 2012 printable   Some of the ways you may provide pay to your employees are listed below. H&r block coupons 2012 printable For an explanation of each of these items, see chapter 2 in Publication 535. H&r block coupons 2012 printable Awards. H&r block coupons 2012 printable Bonuses. H&r block coupons 2012 printable Education expenses. H&r block coupons 2012 printable Fringe benefits (discussed later). H&r block coupons 2012 printable Loans or advances you do not expect the employee to repay if they are for personal services actually performed. H&r block coupons 2012 printable Property you transfer to an employee as payment for services. H&r block coupons 2012 printable Reimbursements for employee business expenses. H&r block coupons 2012 printable Sick pay. H&r block coupons 2012 printable Vacation pay. H&r block coupons 2012 printable Fringe benefits. H&r block coupons 2012 printable   A fringe benefit is a form of pay for the performance of services. H&r block coupons 2012 printable The following are examples of fringe benefits. H&r block coupons 2012 printable Benefits under qualified employee benefit programs. H&r block coupons 2012 printable Meals and lodging. H&r block coupons 2012 printable The use of a car. H&r block coupons 2012 printable Flights on airplanes. H&r block coupons 2012 printable Discounts on property or services. H&r block coupons 2012 printable Memberships in country clubs or other social clubs. H&r block coupons 2012 printable Tickets to entertainment or sporting events. H&r block coupons 2012 printable   Employee benefit programs include the following. H&r block coupons 2012 printable Accident and health plans. H&r block coupons 2012 printable Adoption assistance. H&r block coupons 2012 printable Cafeteria plans. H&r block coupons 2012 printable Dependent care assistance. H&r block coupons 2012 printable Educational assistance. H&r block coupons 2012 printable Group-term life insurance coverage. H&r block coupons 2012 printable Welfare benefit funds. H&r block coupons 2012 printable   You can generally deduct the cost of fringe benefits you provide on your Schedule C in whatever category the cost falls. H&r block coupons 2012 printable For example, if you allow an employee to use a car or other property you lease, deduct the cost of the lease as a rent or lease expense. H&r block coupons 2012 printable If you own the property, include your deduction for its cost or other basis as a section 179 deduction or a depreciation deduction. H&r block coupons 2012 printable    You may be able to exclude all or part of the fringe benefits you provide from your employees' wages. H&r block coupons 2012 printable For more information about fringe benefits and the exclusion of benefits, see Publication 15-B, Employer's Tax Guide to Fringe Benefits. H&r block coupons 2012 printable Insurance You can generally deduct premiums you pay for the following kinds of insurance related to your business. H&r block coupons 2012 printable Fire, theft, flood, or similar insurance. H&r block coupons 2012 printable Credit insurance that covers losses from business bad debts. H&r block coupons 2012 printable Group hospitalization and medical insurance for employees, including long-term care insurance. H&r block coupons 2012 printable Liability insurance. H&r block coupons 2012 printable Malpractice insurance that covers your personal liability for professional negligence resulting in injury or damage to patients or clients. H&r block coupons 2012 printable Workers' compensation insurance set by state law that covers any claims for bodily injuries or job-related diseases suffered by employees in your business, regardless of fault. H&r block coupons 2012 printable Contributions to a state unemployment insurance fund are deductible as taxes if they are considered taxes under state law. H&r block coupons 2012 printable Overhead insurance that pays for business overhead expenses you have during long periods of disability caused by your injury or sickness. H&r block coupons 2012 printable Car and other vehicle insurance that covers vehicles used in your business for liability, damages, and other losses. H&r block coupons 2012 printable If you operate a vehicle partly for personal use, deduct only the part of the insurance premium that applies to the business use of the vehicle. H&r block coupons 2012 printable If you use the standard mileage rate to figure your car expenses, you cannot deduct any car insurance premiums. H&r block coupons 2012 printable Life insurance covering your employees if you are not directly or indirectly the beneficiary under the contract. H&r block coupons 2012 printable Business interruption insurance that pays for lost profits if your business is shut down due to a fire or other cause. H&r block coupons 2012 printable Nondeductible premiums. H&r block coupons 2012 printable   You cannot deduct premiums on the following kinds of insurance. H&r block coupons 2012 printable Self-insurance reserve funds. H&r block coupons 2012 printable You cannot deduct amounts credited to a reserve set up for self-insurance. H&r block coupons 2012 printable This applies even if you cannot get business insurance coverage for certain business risks. H&r block coupons 2012 printable However, your actual losses may be deductible. H&r block coupons 2012 printable For more information, see Publication 547, Casualties, Disasters, and Thefts. H&r block coupons 2012 printable Loss of earnings. H&r block coupons 2012 printable You cannot deduct premiums for a policy that pays for your lost earnings due to sickness or disability. H&r block coupons 2012 printable However, see item (8) in the previous list. H&r block coupons 2012 printable Certain life insurance and annuities. H&r block coupons 2012 printable For contracts issued before June 9, 1997, you cannot deduct the premiums on a life insurance policy covering you, an employee, or any person with a financial interest in your business if you are directly or indirectly a beneficiary of the policy. H&r block coupons 2012 printable You are included among possible beneficiaries of the policy if the policy owner is obligated to repay a loan from you using the proceeds of the policy. H&r block coupons 2012 printable A person has a financial interest in your business if the person is an owner or part owner of the business or has lent money to the business. H&r block coupons 2012 printable For contracts issued after June 8, 1997, you generally cannot deduct the premiums on any life insurance policy, endowment contract, or annuity contract if you are directly or indirectly a beneficiary. H&r block coupons 2012 printable The disallowance applies without regard to whom the policy covers. H&r block coupons 2012 printable Insurance to secure a loan. H&r block coupons 2012 printable If you take out a policy on your life or on the life of another person with a financial interest in your business to get or protect a business loan, you cannot deduct the premiums as a business expense. H&r block coupons 2012 printable Nor can you deduct the premiums as interest on business loans or as an expense of financing loans. H&r block coupons 2012 printable In the event of death, the proceeds of the policy are not taxed as income even if they are used to liquidate the debt. H&r block coupons 2012 printable Self-employed health insurance deduction. H&r block coupons 2012 printable   You may be able to deduct the amount you paid for medical and dental insurance and qualified long-term care insurance for you and your family. H&r block coupons 2012 printable How to figure the deduction. H&r block coupons 2012 printable   Generally, you can use the worksheet in the Form 1040 instructions to figure your deduction. H&r block coupons 2012 printable However, if any of the following apply, you must use the worksheet in chapter 6 of Publication 535. H&r block coupons 2012 printable You have more than one source of income subject to self-employment tax. H&r block coupons 2012 printable You file Form 2555 or Form 2555-EZ (relating to foreign earned income). H&r block coupons 2012 printable You are using amounts paid for qualified long-term care insurance to figure the deduction. H&r block coupons 2012 printable Prepayment. H&r block coupons 2012 printable   You cannot deduct expenses in advance, even if you pay them in advance. H&r block coupons 2012 printable This rule applies to any expense paid far enough in advance to, in effect, create an asset with a useful life extending substantially beyond the end of the current tax year. H&r block coupons 2012 printable Example. H&r block coupons 2012 printable In 2013, you signed a 3-year insurance contract. H&r block coupons 2012 printable Even though you paid the premiums for 2013, 2014, and 2015 when you signed the contract, you can only deduct the premium for 2013 on your 2013 tax return. H&r block coupons 2012 printable You can deduct in 2014 and 2015 the premium allocable to those years. H&r block coupons 2012 printable More information. H&r block coupons 2012 printable   For more information about deducting insurance, see chapter 6 in Publication 535. H&r block coupons 2012 printable Interest You can generally deduct as a business expense all interest you pay or accrue during the tax year on debts related to your business. H&r block coupons 2012 printable Interest relates to your business if you use the proceeds of the loan for a business expense. H&r block coupons 2012 printable It does not matter what type of property secures the loan. H&r block coupons 2012 printable You can deduct interest on a debt only if you meet all of the following requirements. H&r block coupons 2012 printable You are legally liable for that debt. H&r block coupons 2012 printable Both you and the lender intend that the debt be repaid. H&r block coupons 2012 printable You and the lender have a true debtor-creditor relationship. H&r block coupons 2012 printable You cannot deduct on Schedule C or C-EZ the interest you paid on personal loans. H&r block coupons 2012 printable If a loan is part business and part personal, you must divide the interest between the personal part and the business part. H&r block coupons 2012 printable Example. H&r block coupons 2012 printable In 2013, you paid $600 interest on a car loan. H&r block coupons 2012 printable During 2013, you used the car 60% for business and 40% for personal purposes. H&r block coupons 2012 printable You are claiming actual expenses on the car. H&r block coupons 2012 printable You can only deduct $360 (60% × $600) for 2013 on Schedule C or C-EZ. H&r block coupons 2012 printable The remaining interest of $240 is a nondeductible personal expense. H&r block coupons 2012 printable More information. H&r block coupons 2012 printable   For more information about deducting interest, see chapter 4 in Publication 535. H&r block coupons 2012 printable That chapter explains the following items. H&r block coupons 2012 printable Interest you can deduct. H&r block coupons 2012 printable Interest you cannot deduct. H&r block coupons 2012 printable How to allocate interest between personal and business use. H&r block coupons 2012 printable When to deduct interest. H&r block coupons 2012 printable The rules for a below-market interest rate loan. H&r block coupons 2012 printable (This is generally a loan on which no interest is charged or on which interest is charged at a rate below the applicable federal rate. H&r block coupons 2012 printable ) Legal and Professional Fees Legal and professional fees, such as fees charged by accountants, that are ordinary and necessary expenses directly related to operating your business are deductible on Schedule C or C-EZ. H&r block coupons 2012 printable However, you usually cannot deduct legal fees you pay to acquire business assets. H&r block coupons 2012 printable Add them to the basis of the property. H&r block coupons 2012 printable If the fees include payments for work of a personal nature (such as making a will), you can take a business deduction only for the part of the fee related to your business. H&r block coupons 2012 printable The personal part of legal fees for producing or collecting taxable income, doing or keeping your job, or for tax advice may be deductible on Schedule A (Form 1040) if you itemize deductions. H&r block coupons 2012 printable For more information, see Publication 529, Miscellaneous Deductions. H&r block coupons 2012 printable Tax preparation fees. H&r block coupons 2012 printable   You can deduct on Schedule C or C-EZ the cost of preparing that part of your tax return relating to your business as a sole proprietor or statutory employee. H&r block coupons 2012 printable You can deduct the remaining cost on Schedule A (Form 1040) if you itemize your deductions. H&r block coupons 2012 printable   You can also deduct on Schedule C or C-EZ the amount you pay or incur in resolving asserted tax deficiencies for your business as a sole proprietor or statutory employee. H&r block coupons 2012 printable Pension Plans You can set up and maintain the following small business retirement plans for yourself and your employees. H&r block coupons 2012 printable SEP (Simplified Employee Pension) plans. H&r block coupons 2012 printable SIMPLE (Savings Incentive Match Plan for Employees) plans. H&r block coupons 2012 printable Qualified plans (including Keogh or H. H&r block coupons 2012 printable R. H&r block coupons 2012 printable 10 plans). H&r block coupons 2012 printable SEP, SIMPLE, and qualified plans offer you and your employees a tax favored way to save for retirement. H&r block coupons 2012 printable You can deduct contributions you make to the plan for your employees on line 19 of Schedule C. H&r block coupons 2012 printable If you are a sole proprietor, you can deduct contributions you make to the plan for yourself on line 28 of Form 1040. H&r block coupons 2012 printable You can also deduct trustees' fees if contributions to the plan do not cover them. H&r block coupons 2012 printable Earnings on the contributions are generally tax free until you or your employees receive distributions from the plan. H&r block coupons 2012 printable You may also be able to claim a tax credit of 50% of the first $1,000 of qualified startup costs if you begin a new qualified defined benefit or defined contribution plan (including a 401(k) plan), SIMPLE plan, or simplified employee pension. H&r block coupons 2012 printable Under certain plans, employees can have you contribute limited amounts of their before-tax pay to a plan. H&r block coupons 2012 printable These amounts (and earnings on them) are generally tax free until your employees receive distributions from the plan. H&r block coupons 2012 printable For more information on retirement plans for small business, see Publication 560, Retirement Plans for Small Business (SEP, SIMPLE, and Qualified Plans). H&r block coupons 2012 printable Publication 590, Individual Retirement Arrangements (IRAs), discusses other tax favored ways to save for retirement. H&r block coupons 2012 printable Rent Expense Rent is any amount you pay for the use of property you do not own. H&r block coupons 2012 printable In general, you can deduct rent as a business expense only if the rent is for property you use in your business. H&r block coupons 2012 printable If you have or will receive equity in or title to the property, you cannot deduct the rent. H&r block coupons 2012 printable Unreasonable rent. H&r block coupons 2012 printable   You cannot take a rental deduction for unreasonable rents. H&r block coupons 2012 printable Ordinarily, the issue of reasonableness arises only if you and the lessor are related. H&r block coupons 2012 printable Rent paid to a related person is reasonable if it is the same amount you would pay to a stranger for use of the same property. H&r block coupons 2012 printable Rent is not unreasonable just because it is figured as a percentage of gross receipts. H&r block coupons 2012 printable   Related persons include members of your immediate family, including only brothers and sisters (either whole or half), your spouse, ancestors, and lineal descendants. H&r block coupons 2012 printable For a list of the other related persons, see section 267 of the Internal Revenue Code. H&r block coupons 2012 printable Rent on your home. H&r block coupons 2012 printable   If you rent your home and use part of it as your place of business, you may be able to deduct the rent you pay for that part. H&r block coupons 2012 printable You must meet the requirements for business use of your home. H&r block coupons 2012 printable For more information, see Business Use of Your Home , later. H&r block coupons 2012 printable Rent paid in advance. H&r block coupons 2012 printable   Generally, rent paid in your business is deductible in the year paid or accrued. H&r block coupons 2012 printable If you pay rent in advance, you can deduct only the amount that applies to your use of the rented property during the tax year. H&r block coupons 2012 printable You can deduct the rest of your payment only over the period to which it applies. H&r block coupons 2012 printable More information. H&r block coupons 2012 printable   For more information about rent, see chapter 3 in Publication 535. H&r block coupons 2012 printable Taxes You can deduct on Schedule C or C-EZ various federal, state, local, and foreign taxes directly attributable to your business. H&r block coupons 2012 printable Income taxes. H&r block coupons 2012 printable   You can deduct on Schedule C or C-EZ a state tax on gross income (as distinguished from net income) directly attributable to your business. H&r block coupons 2012 printable You can deduct other state and local income taxes on Schedule A (Form 1040) if you itemize your deductions. H&r block coupons 2012 printable Do not deduct federal income tax. H&r block coupons 2012 printable Employment taxes. H&r block coupons 2012 printable   You can deduct the social security, Medicare, and federal unemployment (FUTA) taxes you paid out of your own funds as an employer. H&r block coupons 2012 printable Employment taxes are discussed briefly in chapter 1. H&r block coupons 2012 printable You can also deduct payments you made as an employer to a state unemployment compensation fund or to a state disability benefit fund. H&r block coupons 2012 printable Deduct these payments as taxes. H&r block coupons 2012 printable Self-employment tax. H&r block coupons 2012 printable   You can deduct one-half of your self-employment tax on line 27 of Form 1040. H&r block coupons 2012 printable Self-employment tax is discussed in chapters 1 and 10. H&r block coupons 2012 printable Personal property tax. H&r block coupons 2012 printable   You can deduct on Schedule C or C-EZ any tax imposed by a state or local government on personal property used in your business. H&r block coupons 2012 printable   You can also deduct registration fees for the right to use property within a state or local area. H&r block coupons 2012 printable Example. H&r block coupons 2012 printable May and Julius Winter drove their car 7,000 business miles out of a total of 10,000 miles. H&r block coupons 2012 printable They had to pay $25 for their annual state license tags and $20 for their city registration sticker. H&r block coupons 2012 printable They also paid $235 in city personal property tax on the car, for a total of $280. H&r block coupons 2012 printable They are claiming their actual car expenses. H&r block coupons 2012 printable Because they used the car 70% for business, they can deduct 70% of the $280, or $196, as a business expense. H&r block coupons 2012 printable Real estate taxes. H&r block coupons 2012 printable   You can deduct on Schedule C or C-EZ the real estate taxes you pay on your business property. H&r block coupons 2012 printable Deductible real estate taxes are any state, local, or foreign taxes on real estate levied for the general public welfare. H&r block coupons 2012 printable The taxing authority must base the taxes on the assessed value of the real estate and charge them uniformly against all property under its jurisdiction. H&r block coupons 2012 printable   For more information about real estate taxes, see chapter 5 in Publication 535. H&r block coupons 2012 printable That chapter explains special rules for deducting the following items. H&r block coupons 2012 printable Taxes for local benefits, such as those for sidewalks, streets, water mains, and sewer lines. H&r block coupons 2012 printable Real estate taxes when you buy or sell property during the year. H&r block coupons 2012 printable Real estate taxes if you use an accrual method of accounting and choose to accrue real estate tax related to a definite period ratably over that period. H&r block coupons 2012 printable Sales tax. H&r block coupons 2012 printable   Treat any sales tax you pay on a service or on the purchase or use of property as part of the cost of the service or property. H&r block coupons 2012 printable If the service or the cost or use of the property is a deductible business expense, you can deduct the tax as part of that service or cost. H&r block coupons 2012 printable If the property is merchandise bought for resale, the sales tax is part of the cost of the merchandise. H&r block coupons 2012 printable If the property is depreciable, add the sales tax to the basis for depreciation. H&r block coupons 2012 printable For information on the basis of property, see Publication 551, Basis of Assets. H&r block coupons 2012 printable    Do not deduct state and local sales taxes imposed on the buyer that you must collect and pay over to the state or local government. H&r block coupons 2012 printable Do not include these taxes in gross receipts or sales. H&r block coupons 2012 printable Excise taxes. H&r block coupons 2012 printable   You can deduct on Schedule C or C-EZ all excise taxes that are ordinary and necessary expenses of carrying on your business. H&r block coupons 2012 printable Excise taxes are discussed briefly in chapter 1. H&r block coupons 2012 printable Fuel taxes. H&r block coupons 2012 printable   Taxes on gasoline, diesel fuel, and other motor fuels you use in your business are usually included as part of the cost of the fuel. H&r block coupons 2012 printable Do not deduct these taxes as a separate item. H&r block coupons 2012 printable   You may be entitled to a credit or refund for federal excise tax you paid on fuels used for certain purposes. H&r block coupons 2012 printable For more information, see Publication 510, Excise Taxes. H&r block coupons 2012 printable Travel, Meals, and Entertainment This section briefly explains the kinds of travel and entertainment expenses you can deduct on Schedule C or C-EZ. H&r block coupons 2012 printable Table 8-1. H&r block coupons 2012 printable When Are Entertainment Expenses Deductible? (Note. H&r block coupons 2012 printable The following is a summary of the rules for deducting entertainment expenses. H&r block coupons 2012 printable For more details about these rules, see Publication 463. H&r block coupons 2012 printable ) General rule You can deduct ordinary and necessary expenses to entertain a client, customer, or employee if the expenses meet the directly-related test or the associated test. H&r block coupons 2012 printable Definitions Entertainment includes any activity generally considered to provide entertainment, amusement, or recreation, and includes meals provided to a customer or client. H&r block coupons 2012 printable An ordinary expense is one that is common and accepted in your field of business, trade, or profession. H&r block coupons 2012 printable A necessary expense is one that is helpful and appropriate, although not necessarily required, for your business. H&r block coupons 2012 printable Tests to be met Directly-related test Entertainment took place in a clear business setting, or Main purpose of entertainment was the active conduct of business, and You did engage in business with the person during the entertainment period, and You had more than a general expectation of getting income or some other specific business benefit. H&r block coupons 2012 printable   Associated test Entertainment is associated with your trade or business, and Entertainment directly precedes or follows a substantial business discussion. H&r block coupons 2012 printable Other rules You cannot deduct the cost of your meal as an entertainment expense if you are claiming the meal as a travel expense. H&r block coupons 2012 printable You cannot deduct expenses that are lavish or extravagant under the circumstances. H&r block coupons 2012 printable You generally can deduct only 50% of your unreimbursed entertainment expenses. H&r block coupons 2012 printable Travel expenses. H&r block coupons 2012 printable   These are the ordinary and necessary expenses of traveling away from home for your business. H&r block coupons 2012 printable You are traveling away from home if both the following conditions are met. H&r block coupons 2012 printable Your duties require you to be away from the general area of your tax home (defined later) substantially longer than an ordinary day's work. H&r block coupons 2012 printable You need to get sleep or rest to meet the demands of your work while away from home. H&r block coupons 2012 printable Generally, your tax home is your regular place of business, regardless of where you maintain your family home. H&r block coupons 2012 printable It includes the entire city or general area in which your business is located. H&r block coupons 2012 printable See Publication 463 for more information. H&r block coupons 2012 printable   The following is a brief discussion of the expenses you can deduct. H&r block coupons 2012 printable Transportation. H&r block coupons 2012 printable   You can deduct the cost of travel by airplane, train, bus, or car between your home and your business destination. H&r block coupons 2012 printable Taxi, commuter bus, and limousine. H&r block coupons 2012 printable   You can deduct fares for these and other types of transportation between the airport or station and your hotel, or between the hotel and your work location away from home. H&r block coupons 2012 printable Baggage and shipping. H&r block coupons 2012 printable   You can deduct the cost of sending baggage and sample or display material between your regular and temporary work locations. H&r block coupons 2012 printable Car or truck. H&r block coupons 2012 printable   You can deduct the costs of operating and maintaining your vehicle when traveling away from home on business. H&r block coupons 2012 printable You can deduct actual expenses or the standard mileage rate (discussed earlier under Car and Truck Expenses), as well as business-related tolls and parking. H&r block coupons 2012 printable If you rent a car while away from home on business, you can deduct only the business-use portion of the expenses. H&r block coupons 2012 printable Meals and lodging. H&r block coupons 2012 printable   You can deduct the cost of meals and lodging if your business trip is overnight or long enough that you need to stop for sleep or rest to properly perform your duties. H&r block coupons 2012 printable In most cases, you can deduct only 50% of your meal expenses. H&r block coupons 2012 printable Cleaning. H&r block coupons 2012 printable   You can deduct the costs of dry cleaning and laundry while on your business trip. H&r block coupons 2012 printable Telephone. H&r block coupons 2012 printable   You can deduct the cost of business calls while on your business trip, including business communication by fax machine or other communication devices. H&r block coupons 2012 printable Tips. H&r block coupons 2012 printable   You can deduct the tips you pay for any expense in this list. H&r block coupons 2012 printable More information. H&r block coupons 2012 printable   For more information about travel expenses, see Publication 463. H&r block coupons 2012 printable Entertainment expenses. H&r block coupons 2012 printable   You may be able to deduct business-related entertainment expenses for entertaining a client, customer, or employee. H&r block coupons 2012 printable In most cases, you can deduct only 50% of these expenses. H&r block coupons 2012 printable   The following are examples of entertainment expenses. H&r block coupons 2012 printable Entertaining guests at nightclubs, athletic clubs, theaters, or sporting events. H&r block coupons 2012 printable Providing meals, a hotel suite, or a car to business customers or their families. H&r block coupons 2012 printable To be deductible, the expenses must meet the rules listed in Table 8-1. H&r block coupons 2012 printable For details about these rules, see Publication 463. H&r block coupons 2012 printable Reimbursing your employees for expenses. H&r block coupons 2012 printable   You generally can deduct the amount you reimburse your employees for travel and entertainment expenses. H&r block coupons 2012 printable The reimbursement you deduct and the manner in which you deduct it depend in part on whether you reimburse the expenses under an accountable plan or a nonaccountable plan. H&r block coupons 2012 printable For details, see chapter 11 in Publication 535. H&r block coupons 2012 printable That chapter explains accountable and nonaccountable plans and tells you whether to report the reimbursement on your employee's Form W-2, Wage and Tax Statement. H&r block coupons 2012 printable Business Use of Your Home To deduct expenses related to the part of your home used for business, you must meet specific requirements. H&r block coupons 2012 printable Even then, your deduction may be limited. H&r block coupons 2012 printable To qualify to claim expenses for business use of your home, you must meet the following tests. H&r block coupons 2012 printable Your use of the business part of your home must be: Exclusive (however, see Exceptions to exclusive use , later), Regular, For your business, and The business part of your home must be one of the following: Your principal place of business (defined later), A place where you meet or deal with patients, clients, or customers in the normal course of your business, or A separate structure (not attached to your home) you use in connection with your business. H&r block coupons 2012 printable Exclusive use. H&r block coupons 2012 printable   To qualify under the exclusive use test, you must use a specific area of your home only for your trade or business. H&r block coupons 2012 printable The area used for business can be a room or other separately identifiable space. H&r block coupons 2012 printable The space does not need to be marked off by a permanent partition. H&r block coupons 2012 printable   You do not meet the requirements of the exclusive use test if you use the area in question both for business and for personal purposes. H&r block coupons 2012 printable Example. H&r block coupons 2012 printable You are an attorney and use a den in your home to write legal briefs and prepare clients' tax returns. H&r block coupons 2012 printable Your family also uses the den for recreation. H&r block coupons 2012 printable The den is not used exclusively in your profession, so you cannot claim a business deduction for its use. H&r block coupons 2012 printable Exceptions to exclusive use. H&r block coupons 2012 printable   You do not have to meet the exclusive use test if you use part of your home in either of the following ways. H&r block coupons 2012 printable For the storage of inventory or product samples. H&r block coupons 2012 printable As a daycare facility. H&r block coupons 2012 printable For an explanation of these exceptions, see Publication 587, Business Use of Your Home (Including Use by Daycare Providers). H&r block coupons 2012 printable Regular use. H&r block coupons 2012 printable   To qualify under the regular use test, you must use a specific area of your home for business on a continuing basis. H&r block coupons 2012 printable You do not meet the test if your business use of the area is only occasional or incidental, even if you do not use that area for any other purpose. H&r block coupons 2012 printable Principal place of business. H&r block coupons 2012 printable   You can have more than one business location, including your home, for a single trade or business. H&r block coupons 2012 printable To qualify to deduct the expenses for the business use of your home under the principal place of business test, your home must be your principal place of business for that business. H&r block coupons 2012 printable To determine your principal place of business, you must consider all the facts and circumstances. H&r block coupons 2012 printable   Your home office will qualify as your principal place of business for deducting expenses for its use if you meet the following requirements. H&r block coupons 2012 printable You use it exclusively and regularly for administrative or management activities of your business. H&r block coupons 2012 printable You have no other fixed location where you conduct substantial administrative or management activities of your business. H&r block coupons 2012 printable   Alternatively, if you use your home exclusively and regularly for your business, but your home office does not qualify as your principal place of business based on the previous rules, you determine your principal place of business based on the following factors. H&r block coupons 2012 printable The relative importance of the activities performed at each location. H&r block coupons 2012 printable If the relative importance factor does not determine your principal place of business, you can also consider the time spent at each location. H&r block coupons 2012 printable   If, after considering your business locations, your home cannot be identified as your principal place of business, you cannot deduct home office expenses. H&r block coupons 2012 printable However, for other ways to qualify to deduct home office expenses, see Publication 587. H&r block coupons 2012 printable Deduction limit. H&r block coupons 2012 printable   If your gross income from the business use of your home equals or exceeds your total business expenses (including depreciation), you can deduct all your business expenses related to the use of your home. H&r block coupons 2012 printable If your gross income from the business use is less than your total business expenses, your deduction for certain expenses for the business use of your home is limited. H&r block coupons 2012 printable   Your deduction of otherwise nondeductible expenses, such as insurance, utilities, and depreciation (with depreciation taken last), allocable to the business is limited to the gross income from the business use of your home minus the sum of the following. H&r block coupons 2012 printable The business part of expenses you could deduct even if you did not use your home for business (such as mortgage interest, real estate taxes, and casualty and theft losses that are allowable as itemized deductions on Schedule A (Form 1040)). H&r block coupons 2012 printable The business expenses that relate to the business activity in the home (for example, business phone, supplies, and depreciation on equipment), but not to the use of the home itself. H&r block coupons 2012 printable Do not include in (2) above your deduction for one-half of your self-employment tax. H&r block coupons 2012 printable   Use Form 8829, Expenses for Business Use of Your Home, to figure your deduction. H&r block coupons 2012 printable New simplified method. H&r block coupons 2012 printable    The IRS now provides a simplified method to determine your expenses for business use of your home. H&r block coupons 2012 printable The simplified method is an alternative to calculating and substantiating actual expenses. H&r block coupons 2012 printable In most cases, you will figure your deduction by multiplying $5 by the area of your home used for a qualified business use. H&r block coupons 2012 printable The area you use to figure your deduction is limited to 300 square feet. H&r block coupons 2012 printable For more information, see the Instructions for Schedule C. H&r block coupons 2012 printable More information. H&r block coupons 2012 printable   For more information on deducting expenses for the business use of your home, see Publication 587. H&r block coupons 2012 printable Other Expenses You Can Deduct You may also be able to deduct the following expenses. H&r block coupons 2012 printable See Publication 535 to find out whether you can deduct them. H&r block coupons 2012 printable Advertising. H&r block coupons 2012 printable Bank fees. H&r block coupons 2012 printable Donations to business organizations. H&r block coupons 2012 printable Education expenses. H&r block coupons 2012 printable Energy efficient commercial buildings deduction expenses. H&r block coupons 2012 printable Impairment-related expenses. H&r block coupons 2012 printable Interview expense allowances. H&r block coupons 2012 printable Licenses and regulatory fees. H&r block coupons 2012 printable Moving machinery. H&r block coupons 2012 printable Outplacement services. H&r block coupons 2012 printable Penalties and fines you pay for late performance or nonperformance of a contract. H&r block coupons 2012 printable Repairs that keep your property in a normal efficient operating condition. H&r block coupons 2012 printable Repayments of income. H&r block coupons 2012 printable Subscriptions to trade or professional publications. H&r block coupons 2012 printable Supplies and materials. H&r block coupons 2012 printable Utilities. H&r block coupons 2012 printable Expenses You Cannot Deduct You usually cannot deduct the following as business expenses. H&r block coupons 2012 printable For more information, see Publication 535. H&r block coupons 2012 printable Bribes and kickbacks. H&r block coupons 2012 printable Charitable contributions. H&r block coupons 2012 printable Demolition expenses or losses. H&r block coupons 2012 printable Dues to business, social, athletic, luncheon, sporting, airline, and hotel clubs. H&r block coupons 2012 printable Lobbying expenses. H&r block coupons 2012 printable Penalties and fines you pay to a governmental agency or instrumentality because you broke the law. H&r block coupons 2012 printable Personal, living, and family expenses. H&r block coupons 2012 printable Political contributions. H&r block coupons 2012 printable Repairs that add to the value of your property or significantly increase its life. 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