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

How To Amend My 2012 Tax Return

Taxact 1040ez1040ez 2010 Tax FormTaxcut ComFile State Tax Only For Free2010 Tax Return FormsHow To File An Amended Return2011 Amended Tax Return FormFree State E File Tax ReturnFile Taxes FreeFile My 2011 Taxes For Free2012 Free Tax Software OnlineFile 1040ez Online IrsOnline 1040xFreetax ComFreetaxusa2011 TaxesIrs1040xHow To File Amended Taxes1040ex2012 Ez Tax FormHelp Back TaxesTax Deductions For Military2012 1040 Ez Tax FormFiling Amended Tax ReturnFree E-file 2012Free Taxes For MilitaryAmendment FormIrs Form 1040xHow Far Back Can You File TaxesFiling 1040xWhere Can I File My State And Federal Taxes Online For FreeLast Day File Taxes 2013Filing 2010 Taxes Late Online1040x Amended ReturnFiling Taxes For MilitaryComplete 2005 Taxes OnlineHr Block Free Tax FilingMypay ComFile 1040x Online2012 Tax FormsFree State Tax Return Filing

How To Amend My 2012 Tax Return

How to amend my 2012 tax return 4. How to amend my 2012 tax return   Figuring Depreciation Under MACRS Table of Contents Introduction Useful Items - You may want to see: Which Depreciation System (GDS or ADS) Applies? Which Property Class Applies Under GDS?Rent-to-own dealer. How to amend my 2012 tax return Rent-to-own contract. How to amend my 2012 tax return What Is the Placed in Service Date? What Is the Basis for Depreciation? Which Recovery Period Applies?Recovery Periods Under GDS Recovery Periods Under ADS Additions and Improvements Which Convention Applies? Which Depreciation Method Applies?Depreciation Methods for Farm Property Electing a Different Method How Is the Depreciation Deduction Figured?Using the MACRS Percentage Tables Figuring the Deduction Without Using the Tables Figuring the Deduction for Property Acquired in a Nontaxable Exchange Figuring the Deduction for a Short Tax Year How Do You Use General Asset Accounts?Grouping Property Figuring Depreciation for a GAA Disposing of GAA Property Terminating GAA Treatment Electing To Use a GAA When Do You Recapture MACRS Depreciation? Introduction The Modified Accelerated Cost Recovery System (MACRS) is used to recover the basis of most business and investment property placed in service after 1986. How to amend my 2012 tax return MACRS consists of two depreciation systems, the General Depreciation System (GDS) and the Alternative Depreciation System (ADS). How to amend my 2012 tax return Generally, these systems provide different methods and recovery periods to use in figuring depreciation deductions. How to amend my 2012 tax return To be sure you can use MACRS to figure depreciation for your property, see What Method Can You Use To Depreciate Your Property in chapter 1. How to amend my 2012 tax return This chapter explains how to determine which MACRS depreciation system applies to your property. How to amend my 2012 tax return It also discusses other information you need to know before you can figure depreciation under MACRS. How to amend my 2012 tax return This information includes the property's recovery class, placed in service date, and basis, as well as the applicable recovery period, convention, and depreciation method. How to amend my 2012 tax return It explains how to use this information to figure your depreciation deduction and how to use a general asset account to depreciate a group of properties. How to amend my 2012 tax return Finally, it explains when and how to recapture MACRS depreciation. How to amend my 2012 tax return Useful Items - You may want to see: Publication 225 Farmer's Tax Guide 463 Travel, Entertainment, Gift, and Car  Expenses 544 Sales and Other Dispositions of Assets 551 Basis of Assets 587 Business Use of Your Home (Including Use by Daycare Providers) Form (and Instructions) 2106 Employee Business Expenses 2106-EZ Unreimbursed Employee Business Expenses 4562 Depreciation and Amortization See chapter 6 for information about getting publications and forms. How to amend my 2012 tax return Which Depreciation System (GDS or ADS) Applies? Your use of either the General Depreciation System (GDS) or the Alternative Depreciation System (ADS) to depreciate property under MACRS determines what depreciation method and recovery period you use. How to amend my 2012 tax return You generally must use GDS unless you are specifically required by law to use ADS or you elect to use ADS. How to amend my 2012 tax return If you placed your property in service in 2013, complete Part III of Form 4562 to report depreciation using MACRS. How to amend my 2012 tax return Complete section B of Part III to report depreciation using GDS, and complete section C of Part III to report depreciation using ADS. How to amend my 2012 tax return If you placed your property in service before 2013 and are required to file Form 4562, report depreciation using either GDS or ADS on line 17 in Part III. How to amend my 2012 tax return Required use of ADS. How to amend my 2012 tax return   You must use ADS for the following property. How to amend my 2012 tax return Listed property used 50% or less in a qualified business use. How to amend my 2012 tax return See chapter 5 for information on listed property. How to amend my 2012 tax return Any tangible property used predominantly outside the United States during the year. How to amend my 2012 tax return Any tax-exempt use property. How to amend my 2012 tax return Any tax-exempt bond-financed property. How to amend my 2012 tax return All property used predominantly in a farming business and placed in service in any tax year during which an election not to apply the uniform capitalization rules to certain farming costs is in effect. How to amend my 2012 tax return Any property imported from a foreign country for which an Executive Order is in effect because the country maintains trade restrictions or engages in other discriminatory acts. How to amend my 2012 tax return If you are required to use ADS to depreciate your property, you cannot claim any special depreciation allowance (discussed in chapter 3) for the property. How to amend my 2012 tax return Electing ADS. How to amend my 2012 tax return   Although your property may qualify for GDS, you can elect to use ADS. How to amend my 2012 tax return The election generally must cover all property in the same property class that you placed in service during the year. How to amend my 2012 tax return However, the election for residential rental property and nonresidential real property can be made on a property-by-property basis. How to amend my 2012 tax return Once you make this election, you can never revoke it. How to amend my 2012 tax return   You make the election by completing line 20 in Part III of Form 4562. How to amend my 2012 tax return Which Property Class Applies Under GDS? The following is a list of the nine property classifications under GDS and examples of the types of property included in each class. How to amend my 2012 tax return These property classes are also listed under column (a) in section B, Part III, of Form 4562. How to amend my 2012 tax return For detailed information on property classes, see Appendix B, Table of Class Lives and Recovery Periods, in this publication. How to amend my 2012 tax return 3-year property. How to amend my 2012 tax return Tractor units for over-the-road use. How to amend my 2012 tax return Any race horse over 2 years old when placed in service. How to amend my 2012 tax return (All race horses placed in service after December 31, 2008, and before January 1, 2014, are deemed to be 3-year property, regardless of age. How to amend my 2012 tax return ) Any other horse (other than a race horse) over 12 years old when placed in service. How to amend my 2012 tax return Qualified rent-to-own property (defined later). How to amend my 2012 tax return 5-year property. How to amend my 2012 tax return Automobiles, taxis, buses, and trucks. How to amend my 2012 tax return Computers and peripheral equipment. How to amend my 2012 tax return Office machinery (such as typewriters, calculators, and copiers). How to amend my 2012 tax return Any property used in research and experimentation. How to amend my 2012 tax return Breeding cattle and dairy cattle. How to amend my 2012 tax return Appliances, carpets, furniture, etc. How to amend my 2012 tax return , used in a residential rental real estate activity. How to amend my 2012 tax return Certain geothermal, solar, and wind energy property. How to amend my 2012 tax return 7-year property. How to amend my 2012 tax return Office furniture and fixtures (such as desks, files, and safes). How to amend my 2012 tax return Agricultural machinery and equipment. How to amend my 2012 tax return Any property that does not have a class life and has not been designated by law as being in any other class. How to amend my 2012 tax return Certain motorsports entertainment complex property (defined later) placed in service before January 1, 2014. How to amend my 2012 tax return Any natural gas gathering line placed in service after April 11, 2005. How to amend my 2012 tax return See Natural gas gathering line and electric transmission property , later. How to amend my 2012 tax return 10-year property. How to amend my 2012 tax return Vessels, barges, tugs, and similar water transportation equipment. How to amend my 2012 tax return Any single purpose agricultural or horticultural structure. How to amend my 2012 tax return Any tree or vine bearing fruits or nuts. How to amend my 2012 tax return Qualified small electric meter and qualified smart electric grid system (defined later) placed in service on or after October 3, 2008. How to amend my 2012 tax return 15-year property. How to amend my 2012 tax return Certain improvements made directly to land or added to it (such as shrubbery, fences, roads, sidewalks, and bridges). How to amend my 2012 tax return Any retail motor fuels outlet (defined later), such as a convenience store. How to amend my 2012 tax return Any municipal wastewater treatment plant. How to amend my 2012 tax return Any qualified leasehold improvement property (defined later) placed in service before January 1, 2014. How to amend my 2012 tax return Any qualified restaurant property (defined later) placed in service before January 1, 2014. How to amend my 2012 tax return Initial clearing and grading land improvements for gas utility property. How to amend my 2012 tax return Electric transmission property (that is section 1245 property) used in the transmission at 69 or more kilovolts of electricity placed in service after April 11, 2005. How to amend my 2012 tax return See Natural gas gathering line and electric transmission property , later. How to amend my 2012 tax return Any natural gas distribution line placed in service after April 11, 2005 and before January 1, 2011. How to amend my 2012 tax return Any qualified retail improvement property placed in service before January 1, 2014. How to amend my 2012 tax return 20-year property. How to amend my 2012 tax return Farm buildings (other than single purpose agricultural or horticultural structures). How to amend my 2012 tax return Municipal sewers not classified as 25-year property. How to amend my 2012 tax return Initial clearing and grading land improvements for electric utility transmission and distribution plants. How to amend my 2012 tax return 25-year property. How to amend my 2012 tax return This class is water utility property, which is either of the following. How to amend my 2012 tax return Property that is an integral part of the gathering, treatment, or commercial distribution of water, and that, without regard to this provision, would be 20-year property. How to amend my 2012 tax return Municipal sewers other than property placed in service under a binding contract in effect at all times since June 9, 1996. How to amend my 2012 tax return Residential rental property. How to amend my 2012 tax return This is any building or structure, such as a rental home (including a mobile home), if 80% or more of its gross rental income for the tax year is from dwelling units. How to amend my 2012 tax return A dwelling unit is a house or apartment used to provide living accommodations in a building or structure. How to amend my 2012 tax return It does not include a unit in a hotel, motel, or other establishment where more than half the units are used on a transient basis. How to amend my 2012 tax return If you occupy any part of the building or structure for personal use, its gross rental income includes the fair rental value of the part you occupy. How to amend my 2012 tax return Nonresidential real property. How to amend my 2012 tax return This is section 1250 property, such as an office building, store, or warehouse, that is neither residential rental property nor property with a class life of less than 27. How to amend my 2012 tax return 5 years. How to amend my 2012 tax return Qualified rent-to-own property. How to amend my 2012 tax return   Qualified rent-to-own property is property held by a rent-to-own dealer for purposes of being subject to a rent-to-own contract. How to amend my 2012 tax return It is tangible personal property generally used in the home for personal use. How to amend my 2012 tax return It includes computers and peripheral equipment, televisions, videocassette recorders, stereos, camcorders, appliances, furniture, washing machines and dryers, refrigerators, and other similar consumer durable property. How to amend my 2012 tax return Consumer durable property does not include real property, aircraft, boats, motor vehicles, or trailers. How to amend my 2012 tax return   If some of the property you rent to others under a rent-to-own agreement is of a type that may be used by the renters for either personal or business purposes, you still can treat this property as qualified property as long as it does not represent a significant portion of your leasing property. How to amend my 2012 tax return However, if this dual-use property does represent a significant portion of your leasing property, you must prove that this property is qualified rent-to-own property. How to amend my 2012 tax return Rent-to-own dealer. How to amend my 2012 tax return   You are a rent-to-own dealer if you meet all the following requirements. How to amend my 2012 tax return You regularly enter into rent-to-own contracts (defined below) in the ordinary course of your business for the use of consumer property. How to amend my 2012 tax return A substantial portion of these contracts end with the customer returning the property before making all the payments required to transfer ownership. How to amend my 2012 tax return The property is tangible personal property of a type generally used within the home for personal use. How to amend my 2012 tax return Rent-to-own contract. How to amend my 2012 tax return   This is any lease for the use of consumer property between a rent-to-own dealer and a customer who is an individual which— Is titled “Rent-to-Own Agreement,” “Lease Agreement with Ownership Option,” or other similar language. How to amend my 2012 tax return Provides a beginning date and a maximum period of time, not to exceed 156 weeks or 36 months from the beginning date, for which the contract can be in effect (including renewals or options to extend). How to amend my 2012 tax return Provides for regular periodic (weekly or monthly) payments that can be either level or decreasing. How to amend my 2012 tax return If the payments are decreasing, no payment can be less than 40% of the largest payment. How to amend my 2012 tax return Provides for total payments that generally exceed the normal retail price of the property plus interest. How to amend my 2012 tax return Provides for total payments that do not exceed $10,000 for each item of property. How to amend my 2012 tax return Provides that the customer has no legal obligation to make all payments outlined in the contract and that, at the end of each weekly or monthly payment period, the customer can either continue to use the property by making the next payment or return the property in good working order with no further obligations and no entitlement to a return of any prior payments. How to amend my 2012 tax return Provides that legal title to the property remains with the rent-to-own dealer until the customer makes either all the required payments or the early purchase payments required under the contract to acquire legal title. How to amend my 2012 tax return Provides that the customer has no right to sell, sublease, mortgage, pawn, pledge, or otherwise dispose of the property until all contract payments have been made. How to amend my 2012 tax return Motorsports entertainment complex. How to amend my 2012 tax return   This is a racing track facility permanently situated on land that hosts one or more racing events for automobiles, trucks, or motorcycles during the 36-month period after the first day of the month in which the facility is placed in service. How to amend my 2012 tax return The events must be open to the public for the price of admission. How to amend my 2012 tax return Qualified smart electric grid system. How to amend my 2012 tax return   A qualified smart electric grid system means any smart grid property used as part of a system for electric distribution grid communications, monitoring, and management placed in service after October 3, 2008, by a taxpayer who is a supplier of electrical energy or a provider of electrical energy services. How to amend my 2012 tax return Smart grid property includes electronics and related equipment that is capable of: Sensing, collecting, and monitoring data of or from all portions of a utility's electric distribution grid, Providing real-time, two-way communications to monitor or to manage the grid, and Providing real-time analysis of an event prediction based on collected data that can be used to provide electric distribution system reliability, quality, and performance. How to amend my 2012 tax return Retail motor fuels outlet. How to amend my 2012 tax return   Real property is a retail motor fuels outlet if it is used to a substantial extent in the retail marketing of petroleum or petroleum products (whether or not it is also used to sell food or other convenience items) and meets any one of the following three tests. How to amend my 2012 tax return It is not larger than 1,400 square feet. How to amend my 2012 tax return 50% or more of the gross revenues generated from the property are derived from petroleum sales. How to amend my 2012 tax return 50% or more of the floor space in the property is devoted to petroleum marketing sales. How to amend my 2012 tax return A retail motor fuels outlet does not include any facility related to petroleum and natural gas trunk pipelines. How to amend my 2012 tax return Qualified leasehold improvement property. How to amend my 2012 tax return    Generally, this is any improvement to an interior part of a building (placed in service before January 1, 2014) that is nonresidential real property, provided all of the requirements discussed in chapter 3 under Qualified leasehold improvement property are met. How to amend my 2012 tax return   In addition, an improvement made by the lessor does not qualify as qualified leasehold improvement property to any subsequent owner unless it is acquired from the original lessor by reason of the lessor's death or in any of the following types of transactions. How to amend my 2012 tax return A transaction to which section 381(a) applies, A mere change in the form of conducting the trade or business so long as the property is retained in the trade or business as qualified leasehold improvement property and the taxpayer retains a substantial interest in the trade or business, A like-kind exchange, involuntary conversion, or reacquisition of real property to the extent that the basis in the property represents the carryover basis, or Certain nonrecognition transactions to the extent that your basis in the property is determined by reference to the transferor's or distributor's basis in the property. How to amend my 2012 tax return Examples include the following. How to amend my 2012 tax return A complete liquidation of a subsidiary. How to amend my 2012 tax return A transfer to a corporation controlled by the transferor. How to amend my 2012 tax return An exchange of property by a corporation solely for stock or securities in another corporation in a reorganization. How to amend my 2012 tax return Qualified restaurant property. How to amend my 2012 tax return   Qualified restaurant property is any section 1250 property that is a building placed in service after December 31, 2008, and before January 1, 2014. How to amend my 2012 tax return Also, more than 50% of the building's square footage must be devoted to preparation of meals and seating for on-premises consumption of prepared meals. How to amend my 2012 tax return Qualified smart electric meter. How to amend my 2012 tax return   A qualified smart electric meter is any time-based meter and related communication equipment which is placed in service by a supplier of electric energy or a provider of electric energy services and which is capable of being used by you as part of a system that: Measures and records electricity usage data on a time-differentiated basis in at least 24 separate time segments per day; Provides for the exchange of information between the supplier or provider and the customer's smart electric meter in support of time-based rates or other forms of demand response; Provides data to the supplier or provider so that the supplier or provider can provide energy usage information to customers electronically, and Provides all commercial and residential customers of such supplier or provider with net metering. How to amend my 2012 tax return Net metering means allowing a customer a credit, if any, as complies with applicable federal and state laws and regulations for providing electricity to the supplier or provider. How to amend my 2012 tax return Natural gas gathering line and electric transmission property. How to amend my 2012 tax return   Any natural gas gathering line placed in service after April 11, 2005, is treated as 7-year property, and electric transmission property (that is section 1245 property) used in the transmission at 69 or more kilovolts of electricity and any natural gas distribution line placed in service after April 11, 2005, are treated as 15-year property, if the following requirements are met. How to amend my 2012 tax return The original use of the property must have begun with you after April 11, 2005. How to amend my 2012 tax return Original use means the first use to which the property is put, whether or not by you. How to amend my 2012 tax return Therefore, property used by any person before April 12, 2005, is not original use. How to amend my 2012 tax return Original use includes additional capital expenditures you incurred to recondition or rebuild your property. How to amend my 2012 tax return However, original use does not include the cost of reconditioned or rebuilt property you acquired. How to amend my 2012 tax return Property containing used parts will not be treated as reconditioned or rebuilt if the cost of the used parts is not more than 20% of the total cost of the property. How to amend my 2012 tax return The property must not be placed in service under a binding contract in effect before April 12, 2005. How to amend my 2012 tax return The property must not be self-constructed property (property you manufacture, construct, or produce for your own use), if you began the manufacture, construction, or production of the property before April 12, 2005. How to amend my 2012 tax return Property that is manufactured, constructed, or produced for your use by another person under a written binding contract entered into by you or a related party before the manufacture, construction, or production of the property is considered to be manufactured, constructed, or produced by you. How to amend my 2012 tax return What Is the Placed in Service Date? You begin to claim depreciation when your property is placed in service for either use in a trade or business or the production of income. How to amend my 2012 tax return The placed in service date for your property is the date the property is ready and available for a specific use. How to amend my 2012 tax return It is therefore not necessarily the date it is first used. How to amend my 2012 tax return If you converted property held for personal use to use in a trade or business or for the production of income, treat the property as being placed in service on the conversion date. How to amend my 2012 tax return See Placed in Service under When Does Depreciation Begin and End in chapter 1 for examples illustrating when property is placed in service. How to amend my 2012 tax return What Is the Basis for Depreciation? The basis for depreciation of MACRS property is the property's cost or other basis multiplied by the percentage of business/investment use. How to amend my 2012 tax return For a discussion of business/investment use, see Partial business or investment use under Property Used in Your Business or Income-Producing Activity in chapter 1 . How to amend my 2012 tax return Reduce that amount by any credits and deductions allocable to the property. How to amend my 2012 tax return The following are examples of some credits and deductions that reduce basis. How to amend my 2012 tax return Any deduction for section 179 property. How to amend my 2012 tax return Any deduction under section 179B of the Internal Revenue Code for capital costs to comply with Environmental Protection Agency sulfur regulations. How to amend my 2012 tax return Any deduction under section 179C of the Internal Revenue Code for certain qualified refinery property placed in service after August 8, 2005, and before January 1, 2014. How to amend my 2012 tax return Any deduction under section 179D of the Internal Revenue Code for certain energy efficient commercial building property placed in service after December 31, 2005, and before January 1, 2014. How to amend my 2012 tax return Any deduction under section 179E of the Internal Revenue Code for qualified advanced mine safety equipment property placed in service after December 20, 2006, and before January 1, 2014 . How to amend my 2012 tax return Any deduction for removal of barriers to the disabled and the elderly. How to amend my 2012 tax return Any disabled access credit, enhanced oil recovery credit, and credit for employer-provided childcare facilities and services. How to amend my 2012 tax return Any special depreciation allowance. How to amend my 2012 tax return Basis adjustment for investment credit property under section 50(c) of the Internal Revenue Code. How to amend my 2012 tax return For additional credits and deductions that affect basis, see section 1016 of the Internal Revenue Code. How to amend my 2012 tax return Enter the basis for depreciation under column (c) in Part III of Form 4562. How to amend my 2012 tax return For information about how to determine the cost or other basis of property, see What Is the Basis of Your Depreciable Property in chapter 1 . How to amend my 2012 tax return Which Recovery Period Applies? The recovery period of property is the number of years over which you recover its cost or other basis. How to amend my 2012 tax return It is determined based on the depreciation system (GDS or ADS) used. How to amend my 2012 tax return Recovery Periods Under GDS Under GDS, property that is not qualified Indian reservation property is depreciated over one of the following recovery periods. How to amend my 2012 tax return Property Class Recovery Period 3-year property   3 years 1   5-year property   5 years     7-year property   7 years     10-year property   10 years     15-year property   15 years 2   20-year property   20 years     25-year property   25 years 3   Residential rental property   27. How to amend my 2012 tax return 5 years     Nonresidential real property   39 years 4   15 years for qualified rent-to-own property placed in service before August 6, 1997. How to amend my 2012 tax return 239 years for property that is a retail motor fuels outlet placed in service before August 20, 1996 (31. How to amend my 2012 tax return 5 years if placed in service before May 13, 1993), unless you elected to depreciate it over 15 years. How to amend my 2012 tax return 320 years for property placed in service before June 13, 1996, or under a binding contract in effect before June 10, 1996. How to amend my 2012 tax return 431. How to amend my 2012 tax return 5 years for property placed in service before May 13, 1993 (or before January 1, 1994, if the purchase or construction of the property is under a binding contract in effect before May 13, 1993, or if construction began before May 13, 1993). How to amend my 2012 tax return The GDS recovery periods for property not listed above can be found in Appendix B, Table of Class Lives and Recovery Periods. How to amend my 2012 tax return Residential rental property and nonresidential real property are defined earlier under Which Depreciation System (GDS or ADS) Applies. How to amend my 2012 tax return Enter the appropriate recovery period on Form 4562 under column (d) in section B of Part III, unless already shown (for 25-year property, residential rental property, and nonresidential real property). How to amend my 2012 tax return Office in the home. How to amend my 2012 tax return   If your home is a personal-use single family residence and you begin to use part of your home as an office, depreciate that part of your home as nonresidential real property over 39 years (31. How to amend my 2012 tax return 5 years if you began using it for business before May 13, 1993). How to amend my 2012 tax return However, if your home is an apartment in an apartment building that you own and the building is residential rental property as defined earlier under Which Depreciation System (GDS or ADS) Applies , depreciate the part used as an office as residential rental property over 27. How to amend my 2012 tax return 5 years. How to amend my 2012 tax return See Publication 587 for a discussion of the tests you must meet to claim expenses, including depreciation, for the business use of your home. How to amend my 2012 tax return Home changed to rental use. How to amend my 2012 tax return   If you begin to rent a home that was your personal home before 1987, you depreciate it as residential rental property over 27. How to amend my 2012 tax return 5 years. How to amend my 2012 tax return Indian Reservation Property The recovery periods for qualified property you placed in service on an Indian reservation after 1993 and before 2014 are shorter than those listed earlier. How to amend my 2012 tax return The following table shows these shorter recovery periods. How to amend my 2012 tax return Property Class Recovery  Period 3-year property 2 years 5-year property 3 years 7-year property 4 years 10-year property 6 years 15-year property 9 years 20-year property 12 years Nonresidential real property 22 years Nonresidential real property is defined earlier under Which Property Class Applies Under GDS . How to amend my 2012 tax return Use this chart to find the correct percentage table to use for qualified Indian reservation property. How to amend my 2012 tax return IF your recovery period is: THEN use the following table in Appendix A: 2 years A-21 3 years A-1, A-2, A-3, A-4, or A-5 4 years A-22 6 years A-23 9 years A-14, A-15, A-16, A-17, or A-18 12 years A-14, A-15, A-16, A-17, or A-18 22 years A-24 Qualified property. How to amend my 2012 tax return   Property eligible for the shorter recovery periods are 3-, 5-, 7-, 10-, 15-, and 20-year property and nonresidential real property. How to amend my 2012 tax return You must use this property predominantly in the active conduct of a trade or business within an Indian reservation. How to amend my 2012 tax return The rental of real property that is located on an Indian reservation is treated as the active conduct of a trade or business within an Indian reservation. How to amend my 2012 tax return   The following property is not qualified property. How to amend my 2012 tax return Property used or located outside an Indian reservation on a regular basis, other than qualified infrastructure property. How to amend my 2012 tax return Property acquired directly or indirectly from a related person. How to amend my 2012 tax return Property placed in service for purposes of conducting or housing class I, II, or III gaming activities. How to amend my 2012 tax return These activities are defined in section 4 of the Indian Regulatory Act (25 U. How to amend my 2012 tax return S. How to amend my 2012 tax return C. How to amend my 2012 tax return 2703). How to amend my 2012 tax return Any property you must depreciate under ADS. How to amend my 2012 tax return Determine whether property is qualified without regard to the election to use ADS and after applying the special rules for listed property not used predominantly for qualified business use (discussed in chapter 5). How to amend my 2012 tax return Qualified infrastructure property. How to amend my 2012 tax return   Item (1) above does not apply to qualified infrastructure property located outside the reservation that is used to connect with qualified infrastructure property within the reservation. How to amend my 2012 tax return Qualified infrastructure property is property that meets all the following rules. How to amend my 2012 tax return It is qualified property, as defined earlier, except that it is outside the reservation. How to amend my 2012 tax return It benefits the tribal infrastructure. How to amend my 2012 tax return It is available to the general public. How to amend my 2012 tax return It is placed in service in connection with the active conduct of a trade or business within a reservation. How to amend my 2012 tax return Infrastructure property includes, but is not limited to, roads, power lines, water systems, railroad spurs, and communications facilities. How to amend my 2012 tax return Related person. How to amend my 2012 tax return   For purposes of item (2) above, see Related persons in the discussion on property owned or used in 1986 under What Method Can You Use To Depreciate Your Property in chapter 1 for a description of related persons. How to amend my 2012 tax return Indian reservation. How to amend my 2012 tax return   The term Indian reservation means a reservation as defined in section 3(d) of the Indian Financing Act of 1974 (25 U. How to amend my 2012 tax return S. How to amend my 2012 tax return C. How to amend my 2012 tax return 1452(d)) or section 4(10) of the Indian Child Welfare Act of 1978 (25 U. How to amend my 2012 tax return S. How to amend my 2012 tax return C. How to amend my 2012 tax return 1903(10)). How to amend my 2012 tax return Section 3(d) of the Indian Financing Act of 1974 defines reservation to include former Indian reservations in Oklahoma. How to amend my 2012 tax return For a definition of the term “former Indian reservations in Oklahoma,” see Notice 98-45 in Internal Revenue Bulletin 1998-35. How to amend my 2012 tax return Recovery Periods Under ADS The recovery periods for most property generally are longer under ADS than they are under GDS. How to amend my 2012 tax return The following table shows some of the ADS recovery periods. How to amend my 2012 tax return Property Recovery  Period Rent-to-own property 4 years Automobiles and light duty trucks 5 years Computers and peripheral equipment 5 years High technology telephone station equipment installed on customer premises 5 years High technology medical equipment 5 years Personal property with no class life 12 years Natural gas gathering lines 14 years Single purpose agricultural and horticultural structures 15 years Any tree or vine bearing fruit or nuts 20 years Initial clearing and grading land  improvements for gas utility property 20 years Initial clearing and grading land  improvements for electric utility  transmission and distribution plants 25 years Electric transmission property used in the transmission at 69 or more kilovolts of electricity 30 years Natural gas distribution lines 35 years Any qualified leasehold improvement property 39 years Any qualified restaurant property 39 years Nonresidential real property 40 years Residential rental property 40 years Section 1245 real property not listed in Appendix B 40 years Railroad grading and tunnel bore 50 years The ADS recovery periods for property not listed above can be found in the tables in Appendix B. How to amend my 2012 tax return Rent-to-own property, qualified leasehold improvement property, qualified restaurant property, residential rental property, and nonresidential real property are defined earlier under Which Property Class Applies Under GDS . How to amend my 2012 tax return Tax-exempt use property subject to a lease. How to amend my 2012 tax return   The ADS recovery period for any property leased under a lease agreement to a tax-exempt organization, governmental unit, or foreign person or entity (other than a partnership) cannot be less than 125% of the lease term. How to amend my 2012 tax return Additions and Improvements An addition or improvement you make to depreciable property is treated as separate depreciable property. How to amend my 2012 tax return See How Do You Treat Repairs and Improvements in chapter 1 for a definition of improvements. How to amend my 2012 tax return Its property class and recovery period are the same as those that would apply to the original property if you had placed it in service at the same time you placed the addition or improvement in service. How to amend my 2012 tax return The recovery period begins on the later of the following dates. How to amend my 2012 tax return The date you place the addition or improvement in service. How to amend my 2012 tax return The date you place in service the property to which you made the addition or improvement. How to amend my 2012 tax return If the improvement you make is qualified leasehold improvement property, qualified restaurant property, or qualified retail improvement property, the GDS recovery period is 15 years (39 years under ADS). How to amend my 2012 tax return Example. How to amend my 2012 tax return You own a rental home that you have been renting out since 1981. How to amend my 2012 tax return If you put an addition on the home and place the addition in service this year, you would use MACRS to figure your depreciation deduction for the addition. How to amend my 2012 tax return Under GDS, the property class for the addition is residential rental property and its recovery period is 27. How to amend my 2012 tax return 5 years because the home to which the addition is made would be residential rental property if you had placed it in service this year. How to amend my 2012 tax return Which Convention Applies? Under MACRS, averaging conventions establish when the recovery period begins and ends. How to amend my 2012 tax return The convention you use determines the number of months for which you can claim depreciation in the year you place property in service and in the year you dispose of the property. How to amend my 2012 tax return The mid-month convention. How to amend my 2012 tax return   Use this convention for nonresidential real property, residential rental property, and any railroad grading or tunnel bore. How to amend my 2012 tax return   Under this convention, you treat all property placed in service or disposed of during a month as placed in service or disposed of at the midpoint of the month. How to amend my 2012 tax return This means that a one-half month of depreciation is allowed for the month the property is placed in service or disposed of. How to amend my 2012 tax return   Your use of the mid-month convention is indicated by the “MM” already shown under column (e) in Part III of Form 4562. How to amend my 2012 tax return The mid-quarter convention. How to amend my 2012 tax return   Use this convention if the mid-month convention does not apply and the total depreciable bases of MACRS property you placed in service during the last 3 months of the tax year (excluding nonresidential real property, residential rental property, any railroad grading or tunnel bore, property placed in service and disposed of in the same year, and property that is being depreciated under a method other than MACRS) are more than 40% of the total depreciable bases of all MACRS property you placed in service during the entire year. How to amend my 2012 tax return   Under this convention, you treat all property placed in service or disposed of during any quarter of the tax year as placed in service or disposed of at the midpoint of that quarter. How to amend my 2012 tax return This means that 1½ months of depreciation is allowed for the quarter the property is placed in service or disposed of. How to amend my 2012 tax return   If you use this convention, enter “MQ” under column (e) in Part III of Form 4562. How to amend my 2012 tax return    For purposes of determining whether the mid-quarter convention applies, the depreciable basis of property you placed in service during the tax year reflects the reduction in basis for amounts expensed under section 179 and the part of the basis of property attributable to personal use. How to amend my 2012 tax return However, it does not reflect any reduction in basis for any special depreciation allowance. How to amend my 2012 tax return The half-year convention. How to amend my 2012 tax return   Use this convention if neither the mid-quarter convention nor the mid-month convention applies. How to amend my 2012 tax return   Under this convention, you treat all property placed in service or disposed of during a tax year as placed in service or disposed of at the midpoint of the year. How to amend my 2012 tax return This means that a one-half year of depreciation is allowed for the year the property is placed in service or disposed of. How to amend my 2012 tax return   If you use this convention, enter “HY” under column (e) in Part III of Form 4562. How to amend my 2012 tax return Which Depreciation Method Applies? MACRS provides three depreciation methods under GDS and one depreciation method under ADS. How to amend my 2012 tax return The 200% declining balance method over a GDS recovery period. How to amend my 2012 tax return The 150% declining balance method over a GDS recovery period. How to amend my 2012 tax return The straight line method over a GDS recovery period. How to amend my 2012 tax return The straight line method over an ADS recovery period. How to amend my 2012 tax return For property placed in service before 1999, you could have elected the 150% declining balance method using the ADS recovery periods for certain property classes. How to amend my 2012 tax return If you made this election, continue to use the same method and recovery period for that property. How to amend my 2012 tax return Table 4–1 lists the types of property you can depreciate under each method. How to amend my 2012 tax return It also gives a brief explanation of the method, including any benefits that may apply. How to amend my 2012 tax return Depreciation Methods for Farm Property If you place personal property in service in a farming business after 1988, you generally must depreciate it under GDS using the 150% declining balance method unless you are a farmer who must depreciate the property under ADS using the straight line method or you elect to depreciate the property under GDS or ADS using the straight line method. How to amend my 2012 tax return You can depreciate real property using the straight line method under either GDS or ADS. How to amend my 2012 tax return Fruit or nut trees and vines. How to amend my 2012 tax return   Depreciate trees and vines bearing fruit or nuts under GDS using the straight line method over a recovery period of 10 years. How to amend my 2012 tax return ADS required for some farmers. How to amend my 2012 tax return   If you elect not to apply the uniform capitalization rules to any plant produced in your farming business, you must use ADS. How to amend my 2012 tax return You must use ADS for all property you place in service in any year the election is in effect. How to amend my 2012 tax return See the regulations under section 263A of the Internal Revenue Code for information on the uniform capitalization rules that apply to farm property. How to amend my 2012 tax return Electing a Different Method As shown in Table 4–1 , you can elect a different method for depreciation for certain types of property. How to amend my 2012 tax return You must make the election by the due date of the return (including extensions) for the year you placed the property in service. How to amend my 2012 tax return However, if you timely filed your return for the year without making the election, you still can make the election by filing an amended return within 6 months of the due date of the return (excluding extensions). How to amend my 2012 tax return Attach the election to the amended return and write “Filed pursuant to section 301. How to amend my 2012 tax return 9100-2” on the election statement. How to amend my 2012 tax return File the amended return at the same address you filed the original return. How to amend my 2012 tax return Once you make the election, you cannot change it. How to amend my 2012 tax return If you elect to use a different method for one item in a property class, you must apply the same method to all property in that class placed in service during the year of the election. How to amend my 2012 tax return However, you can make the election on a property-by-property basis for nonresidential real and residential rental property. How to amend my 2012 tax return 150% election. How to amend my 2012 tax return   Instead of using the 200% declining balance method over the GDS recovery period for nonfarm property in the 3-, 5-, 7-, and 10-year property classes, you can elect to use the 150% declining balance method. How to amend my 2012 tax return Make the election by entering “150 DB” under column (f) in Part III of Form 4562. How to amend my 2012 tax return Straight line election. How to amend my 2012 tax return   Instead of using either the 200% or 150% declining balance methods over the GDS recovery period, you can elect to use the straight line method over the GDS recovery period. How to amend my 2012 tax return Make the election by entering  “S/L” under column (f) in Part III of Form 4562. How to amend my 2012 tax return Election of ADS. How to amend my 2012 tax return   As explained earlier under Which Depreciation System (GDS or ADS) Applies , you can elect to use ADS even though your property may come under GDS. How to amend my 2012 tax return ADS uses the straight line method of depreciation over fixed ADS recovery periods. How to amend my 2012 tax return Most ADS recovery periods are listed in Appendix B, or see the table under Recovery Periods Under ADS , earlier. How to amend my 2012 tax return   Make the election by completing line 20 in Part III of Form 4562. How to amend my 2012 tax return Farm property. How to amend my 2012 tax return   Instead of using the 150% declining balance method over a GDS recovery period for property you use in a farming business (other than real property), you can elect to depreciate it using either of the following methods. How to amend my 2012 tax return The straight line method over a GDS recovery period. How to amend my 2012 tax return The straight line method over an ADS recovery period. How to amend my 2012 tax return Table 4-1. How to amend my 2012 tax return Depreciation Methods Note. How to amend my 2012 tax return The declining balance method is abbreviated as DB and the straight line method is abbreviated as SL. How to amend my 2012 tax return Method Type of Property Benefit GDS using 200% DB • Nonfarm 3-, 5-, 7-, and 10-year property • Provides a greater deduction during the earlier recovery years • Changes to SL when that method provides an equal or greater deduction GDS using 150% DB • All farm property (except real property) • All 15- and 20-year property (except qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property placed in service before January 1, 2014) • Nonfarm 3-, 5-, 7-, and 10-year property • Provides a greater deduction during the earlier recovery years • Changes to SL when that method provides an equal or greater deduction1 GDS using SL • Nonresidential real property • Qualified leasehold improvement property placed in service before January 1, 2014 • Qualified restaurant property placed in service before January 1, 2014 • Qualified retail improvement property placed in service before January 1, 2014 • Residential rental property • Trees or vines bearing fruit or nuts • Water utility property • All 3-, 5-, 7-, 10-, 15-, and 20-year property2 • Property for which you elected section 168(k)(4) • Provides for equal yearly deductions (except for the first and last years) ADS using SL • Listed property used 50% or less for business • Property used predominantly outside the U. How to amend my 2012 tax return S. How to amend my 2012 tax return  • Tax-exempt property • Tax-exempt bond-financed property • Farm property used when an election not to apply the uniform capitalization rules is in effect • Imported property3 • Any property for which you elect to use this method4 • Provides for equal yearly deductions (except for the first and last years) 1The MACRS percentage tables in Appendix A have the switch to the straight line method built into their rates 2See section 168(b)(5) of the Internal Revenue Code. How to amend my 2012 tax return 3See section 168(g)(6) of the Internal Revenue Code 4See section 168(g)(7) of the Internal Revenue Code How Is the Depreciation Deduction Figured? To figure your depreciation deduction under MACRS, you first determine the depreciation system, property class, placed in service date, basis amount, recovery period, convention, and depreciation method that applies to your property. How to amend my 2012 tax return Then, you are ready to figure your depreciation deduction. How to amend my 2012 tax return You can figure it using a percentage table provided by the IRS, or you can figure it yourself without using the table. How to amend my 2012 tax return Using the MACRS Percentage Tables To help you figure your deduction under MACRS, the IRS has established percentage tables that incorporate the applicable convention and depreciation method. How to amend my 2012 tax return These percentage tables are in Appendix A near the end of this publication. How to amend my 2012 tax return Which table to use. How to amend my 2012 tax return    Appendix A contains the MACRS Percentage Table Guide, which is designed to help you locate the correct percentage table to use for depreciating your property. How to amend my 2012 tax return The percentage tables immediately follow the guide. How to amend my 2012 tax return Rules Covering the Use of the Tables The following rules cover the use of the percentage tables. How to amend my 2012 tax return You must apply the rates in the percentage tables to your property's unadjusted basis. How to amend my 2012 tax return You cannot use the percentage tables for a short tax year. How to amend my 2012 tax return See Figuring the Deduction for a Short Tax Year, later, for information on the short tax year rules. How to amend my 2012 tax return Once you start using the percentage tables for any item of property, you generally must continue to use them for the entire recovery period of the property. How to amend my 2012 tax return You must stop using the tables if you adjust the basis of the property for any reason other than— Depreciation allowed or allowable, or An addition or improvement to that property that is depreciated as a separate item of property. How to amend my 2012 tax return Basis adjustments other than those made due to the items listed in (4) include an increase in basis for the recapture of a clean-fuel deduction or credit and a reduction in basis for a casualty loss. How to amend my 2012 tax return Basis adjustment due to recapture of clean-fuel vehicle deduction or credit. How to amend my 2012 tax return   If you increase the basis of your property because of the recapture of part or all of a deduction for clean-fuel vehicles or the credit for clean-fuel vehicle refueling property placed in service before January 1, 2006, you cannot continue to use the percentage tables. How to amend my 2012 tax return For the year of the adjustment and the remaining recovery period, you must figure the depreciation deduction yourself using the property's adjusted basis at the end of the year. How to amend my 2012 tax return See Figuring the Deduction Without Using the Tables, later. How to amend my 2012 tax return Basis adjustment due to casualty loss. How to amend my 2012 tax return   If you reduce the basis of your property because of a casualty, you cannot continue to use the percentage tables. How to amend my 2012 tax return For the year of the adjustment and the remaining recovery period, you must figure the depreciation yourself using the property's adjusted basis at the end of the year. How to amend my 2012 tax return See Figuring the Deduction Without Using the Tables, later. How to amend my 2012 tax return Example. How to amend my 2012 tax return On October 26, 2012, Sandra Elm, a calendar year taxpayer, bought and placed in service in her business a new item of 7-year property. How to amend my 2012 tax return It cost $39,000 and she elected a section 179 deduction of $24,000. How to amend my 2012 tax return She also took a special depreciation allowance of $7,500 [50% of $15,000 ($39,000 − $24,000)]. How to amend my 2012 tax return Her unadjusted basis after the section 179 deduction and special depreciation allowance was $7,500 ($15,000 − $7,500). How to amend my 2012 tax return She figured her MACRS depreciation deduction using the percentage tables. How to amend my 2012 tax return For 2012, her MACRS depreciation deduction was $268. How to amend my 2012 tax return In July 2013, the property was vandalized and Sandra had a deductible casualty loss of $3,000. How to amend my 2012 tax return She must adjust the property's basis for the casualty loss, so she can no longer use the percentage tables. How to amend my 2012 tax return Her adjusted basis at the end of 2013, before figuring her 2013 depreciation, is $4,232. How to amend my 2012 tax return She figures that amount by subtracting the 2012 MACRS depreciation of $268 and the casualty loss of $3,000 from the unadjusted basis of $7,500. How to amend my 2012 tax return She must now figure her depreciation for 2013 without using the percentage tables. How to amend my 2012 tax return Figuring the Unadjusted Basis of Your Property You must apply the table rates to your property's unadjusted basis each year of the recovery period. How to amend my 2012 tax return Unadjusted basis is the same basis amount you would use to figure gain on a sale, but you figure it without reducing your original basis by any MACRS depreciation taken in earlier years. How to amend my 2012 tax return However, you do reduce your original basis by other amounts, including the following. How to amend my 2012 tax return Any amortization taken on the property. How to amend my 2012 tax return Any section 179 deduction claimed. How to amend my 2012 tax return Any special depreciation allowance taken on the property. How to amend my 2012 tax return For business property you purchase during the year, the unadjusted basis is its cost minus these and other applicable adjustments. How to amend my 2012 tax return If you trade property, your unadjusted basis in the property received is the cash paid plus the adjusted basis of the property traded minus these adjustments. How to amend my 2012 tax return MACRS Worksheet You can use this worksheet to help you figure your depreciation deduction using the percentage tables. How to amend my 2012 tax return Use a separate worksheet for each item of property. How to amend my 2012 tax return Then, use the information from this worksheet to prepare Form 4562. How to amend my 2012 tax return Do not use this worksheet for automobiles. How to amend my 2012 tax return Use the Depreciation Worksheet for Passenger Automobiles in chapter 5. How to amend my 2012 tax return MACRS Worksheet Part I   1. How to amend my 2012 tax return MACRS system (GDS or ADS)   2. How to amend my 2012 tax return Property class   3. How to amend my 2012 tax return Date placed in service   4. How to amend my 2012 tax return Recovery period   5. How to amend my 2012 tax return Method and convention   6. How to amend my 2012 tax return Depreciation rate (from tables)   Part II   7. How to amend my 2012 tax return Cost or other basis* $     8. How to amend my 2012 tax return Business/investment use   %   9. How to amend my 2012 tax return Multiply line 7 by line 8   $ 10. How to amend my 2012 tax return Total claimed for section 179 deduction and other items   $ 11. How to amend my 2012 tax return Subtract line 10 from line 9. How to amend my 2012 tax return This is your tentative basis for depreciation   $ 12. How to amend my 2012 tax return Multiply line 11 by . How to amend my 2012 tax return 50 if the 50% special depreciation allowance applies. How to amend my 2012 tax return This is your special depreciation allowance. How to amend my 2012 tax return Enter -0- if this is not the year you placed the property in service, the property is not qualified property, or you elected not to claim a special allowance   $ 13. How to amend my 2012 tax return Subtract line 12 from line 11. How to amend my 2012 tax return This is your basis for depreciation     14. How to amend my 2012 tax return Depreciation rate (from line 6)     15. How to amend my 2012 tax return Multiply line 13 by line 14. How to amend my 2012 tax return This is your MACRS depreciation deduction   $ *If real estate, do not include cost (basis) of land. How to amend my 2012 tax return The following example shows how to figure your MACRS depreciation deduction using the percentage tables and the MACRS worksheet. How to amend my 2012 tax return Example. How to amend my 2012 tax return You bought office furniture (7-year property) for $10,000 and placed it in service on August 11, 2013. How to amend my 2012 tax return You use the furniture only for business. How to amend my 2012 tax return This is the only property you placed in service this year. How to amend my 2012 tax return You did not elect a section 179 deduction and the property is not qualified property for purposes of claiming a special depreciation allowance so your property's unadjusted basis is its cost, $10,000. How to amend my 2012 tax return You use GDS and the half-year convention to figure your depreciation. How to amend my 2012 tax return You refer to the MACRS Percentage Table Guide in Appendix A and find that you should use Table A-1. How to amend my 2012 tax return Multiply your property's unadjusted basis each year by the percentage for 7-year property given in Table A-1. How to amend my 2012 tax return You figure your depreciation deduction using the MACRS worksheet as follows. How to amend my 2012 tax return MACRS Worksheet Part I 1. How to amend my 2012 tax return MACRS system (GDS or ADS) GDS 2. How to amend my 2012 tax return Property class 7-year 3. How to amend my 2012 tax return Date placed in service 8/11/13 4. How to amend my 2012 tax return Recovery period 7-Year 5. How to amend my 2012 tax return Method and convention 200%DB/Half-Year 6. How to amend my 2012 tax return Depreciation rate (from tables) . How to amend my 2012 tax return 1429 Part II 7. How to amend my 2012 tax return Cost or other basis* $10,000     8. How to amend my 2012 tax return Business/investment use 100 %   9. How to amend my 2012 tax return Multiply line 7 by line 8   $10,000 10. How to amend my 2012 tax return Total claimed for section 179 deduction and other items   -0- 11. How to amend my 2012 tax return Subtract line 10 from line 9. How to amend my 2012 tax return This is your tentative basis for depreciation   $10,000 12. How to amend my 2012 tax return Multiply line 11 by . How to amend my 2012 tax return 50 if the 50% special depreciation allowance applies. How to amend my 2012 tax return This is your special depreciation allowance. How to amend my 2012 tax return Enter -0- if this is not the year you placed the property in service, the property is not qualified property, or you elected not to claim a special allowance   -0- 13. How to amend my 2012 tax return Subtract line 12 from line 11. How to amend my 2012 tax return This is your basis for depreciation   $10,000 14. How to amend my 2012 tax return Depreciation rate (from line 6)   . How to amend my 2012 tax return 1429 15. How to amend my 2012 tax return Multiply line 13 by line 14. How to amend my 2012 tax return This is your MACRS depreciation deduction   $1,429 *If real estate, do not include cost (basis) of land. How to amend my 2012 tax return If there are no adjustments to the basis of the property other than depreciation, your depreciation deduction for each subsequent year of the recovery period will be as follows. How to amend my 2012 tax return Year   Basis Percentage Deduction 2014 $ 10,000 24. How to amend my 2012 tax return 49%   $2,449   2015   10,000 17. How to amend my 2012 tax return 49   1,749   2016   10,000 12. How to amend my 2012 tax return 49   1,249   2017   10,000 8. How to amend my 2012 tax return 93   893   2018   10,000 8. How to amend my 2012 tax return 92   892   2019   10,000 8. How to amend my 2012 tax return 93   893   2020   10,000 4. How to amend my 2012 tax return 46   446   Examples The following examples are provided to show you how to use the percentage tables. How to amend my 2012 tax return In both examples, assume the following. How to amend my 2012 tax return You use the property only for business. How to amend my 2012 tax return You use the calendar year as your tax year. How to amend my 2012 tax return You use GDS for all the properties. How to amend my 2012 tax return Example 1. How to amend my 2012 tax return You bought a building and land for $120,000 and placed it in service on March 8. How to amend my 2012 tax return The sales contract showed that the building cost $100,000 and the land cost $20,000. How to amend my 2012 tax return It is nonresidential real property. How to amend my 2012 tax return The building's unadjusted basis is its original cost, $100,000. How to amend my 2012 tax return You refer to the MACRS Percentage Table Guide in Appendix A and find that you should use Table A-7a. How to amend my 2012 tax return March is the third month of your tax year, so multiply the building's unadjusted basis, $100,000, by the percentages for the third month in Table A-7a. How to amend my 2012 tax return Your depreciation deduction for each of the first 3 years is as follows: Year   Basis Percentage Deduction 1st $ 100,000 2. How to amend my 2012 tax return 033%   $2,033   2nd   100,000 2. How to amend my 2012 tax return 564   2,564   3rd   100,000 2. How to amend my 2012 tax return 564   2,564   Example 2. How to amend my 2012 tax return During the year, you bought a machine (7-year property) for $4,000, office furniture (7-year property) for $1,000, and a computer (5-year property) for $5,000. How to amend my 2012 tax return You placed the machine in service in January, the furniture in September, and the computer in October. How to amend my 2012 tax return You do not elect a section 179 deduction and none of these items is qualified property for purposes of claiming a special depreciation allowance. How to amend my 2012 tax return You placed property in service during the last 3 months of the year, so you must first determine if you have to use the mid-quarter convention. How to amend my 2012 tax return The total bases of all property you placed in service during the year is $10,000. How to amend my 2012 tax return The $5,000 basis of the computer, which you placed in service during the last 3 months (the fourth quarter) of your tax year, is more than 40% of the total bases of all property ($10,000) you placed in service during the year. How to amend my 2012 tax return Therefore, you must use the mid-quarter convention for all three items. How to amend my 2012 tax return You refer to the MACRS Percentage Table Guide in Appendix A to determine which table you should use under the mid-quarter convention. How to amend my 2012 tax return The machine is 7-year property placed in service in the first quarter, so you use Table A-2. How to amend my 2012 tax return The furniture is 7-year property placed in service in the third quarter, so you use Table A-4. How to amend my 2012 tax return Finally, because the computer is 5-year property placed in service in the fourth quarter, you use Table A-6. How to amend my 2012 tax return Knowing what table to use for each property, you figure the depreciation for the first 2 years as follows. How to amend my 2012 tax return Year Property Basis Percentage Deduction 1st Machine $4,000 25. How to amend my 2012 tax return 00 $1,000   2nd Machine 4,000 21. How to amend my 2012 tax return 43 857   1st Furniture 1,000 10. How to amend my 2012 tax return 71 107   2nd Furniture 1,000 25. How to amend my 2012 tax return 51 255   1st Computer 5,000 5. How to amend my 2012 tax return 00 250   2nd Computer 5,000 38. How to amend my 2012 tax return 00 1,900   Sale or Other Disposition Before the Recovery Period Ends If you sell or otherwise dispose of your property before the end of its recovery period, your depreciation deduction for the year of the disposition will be only part of the depreciation amount for the full year. How to amend my 2012 tax return You have disposed of your property if you have permanently withdrawn it from use in your business or income-producing activity because of its sale, exchange, retirement, abandonment, involuntary conversion, or destruction. How to amend my 2012 tax return After you figure the full-year depreciation amount, figure the deductible part using the convention that applies to the property. How to amend my 2012 tax return Half-year convention used. How to amend my 2012 tax return   For property for which you used a half-year convention, the depreciation deduction for the year of the disposition is half the depreciation determined for the full year. How to amend my 2012 tax return Mid-quarter convention used. How to amend my 2012 tax return   For property for which you used the mid-quarter convention, figure your depreciation deduction for the year of the disposition by multiplying a full year of depreciation by the percentage listed below for the quarter in which you disposed of the property. How to amend my 2012 tax return Quarter Percentage First 12. How to amend my 2012 tax return 5% Second 37. How to amend my 2012 tax return 5 Third 62. How to amend my 2012 tax return 5 Fourth 87. How to amend my 2012 tax return 5 Example. How to amend my 2012 tax return On December 2, 2010, you placed in service an item of 5-year property costing $10,000. How to amend my 2012 tax return You did not claim a section 179 deduction and the property does not qualify for a special depreciation allowance. How to amend my 2012 tax return Your unadjusted basis for the property was $10,000. How to amend my 2012 tax return You used the mid-quarter convention because this was the only item of business property you placed in service in 2010 and it was placed in service during the last 3 months of your tax year. How to amend my 2012 tax return Your property is in the 5-year property class, so you used Table A-5 to figure your depreciation deduction. How to amend my 2012 tax return Your deductions for 2010, 2011, and 2012 were $500 (5% of $10,000), $3,800 (38% of $10,000), and $2,280 (22. How to amend my 2012 tax return 80% of $10,000). How to amend my 2012 tax return You disposed of the property on April 6, 2013. How to amend my 2012 tax return To determine your depreciation deduction for 2013, first figure the deduction for the full year. How to amend my 2012 tax return This is $1,368 (13. How to amend my 2012 tax return 68% of $10,000). How to amend my 2012 tax return April is in the second quarter of the year, so you multiply $1,368 by 37. How to amend my 2012 tax return 5% to get your depreciation deduction of $513 for 2013. How to amend my 2012 tax return Mid-month convention used. How to amend my 2012 tax return   If you dispose of residential rental or nonresidential real property, figure your depreciation deduction for the year of the disposition by multiplying a full year of depreciation by a fraction. How to amend my 2012 tax return The numerator of the fraction is the number of months (including partial months) in the year that the property is considered in service. How to amend my 2012 tax return The denominator is 12. How to amend my 2012 tax return Example. How to amend my 2012 tax return On July 2, 2011, you purchased and placed in service residential rental property. How to amend my 2012 tax return The property cost $100,000, not including the cost of land. How to amend my 2012 tax return You used Table A-6 to figure your MACRS depreciation for this property. How to amend my 2012 tax return You sold the property on March 2, 2013. How to amend my 2012 tax return You file your tax return based on the calendar year. How to amend my 2012 tax return A full year of depreciation for 2013 is $3,636. How to amend my 2012 tax return This is $100,000 multiplied by . How to amend my 2012 tax return 03636 (the percentage for the seventh month of the third recovery year) from Table A-6 . How to amend my 2012 tax return You then apply the mid-month convention for the 2½ months of use in 2013. How to amend my 2012 tax return Treat the month of disposition as one-half month of use. How to amend my 2012 tax return Multiply $3,636 by the fraction, 2. How to amend my 2012 tax return 5 over 12, to get your 2013 depreciation deduction of $757. How to amend my 2012 tax return 50. How to amend my 2012 tax return Figuring the Deduction Without Using the Tables Instead of using the rates in the percentage tables to figure your depreciation deduction, you can figure it yourself. How to amend my 2012 tax return Before making the computation each year, you must reduce your adjusted basis in the property by the depreciation claimed the previous year. How to amend my 2012 tax return Figuring MACRS deductions without using the tables generally will result in a slightly different amount than using the tables. How to amend my 2012 tax return Declining Balance Method When using a declining balance method, you apply the same depreciation rate each year to the adjusted basis of your property. How to amend my 2012 tax return You must use the applicable convention for the first tax year and you must switch to the straight line method beginning in the first year for which it will give an equal or greater deduction. How to amend my 2012 tax return The straight line method is explained later. How to amend my 2012 tax return You figure depreciation for the year you place property in service as follows. How to amend my 2012 tax return Multiply your adjusted basis in the property by the declining balance rate. How to amend my 2012 tax return Apply the applicable convention. How to amend my 2012 tax return You figure depreciation for all other years (before the year you switch to the straight line method) as follows. How to amend my 2012 tax return Reduce your adjusted basis in the property by the depreciation allowed or allowable in earlier years. How to amend my 2012 tax return Multiply this new adjusted basis by the same declining balance rate used in earlier years. How to amend my 2012 tax return If you dispose of property before the end of its recovery period, see Using the Applicable Convention, later, for information on how to figure depreciation for the year you dispose of it. How to amend my 2012 tax return Figuring depreciation under the declining balance method and switching to the straight line method is illustrated in Example 1 , later, under Examples. How to amend my 2012 tax return Declining balance rate. How to amend my 2012 tax return   You figure your declining balance rate by dividing the specified declining balance percentage (150% or 200% changed to a decimal) by the number of years in the property's recovery period. How to amend my 2012 tax return For example, for 3-year property depreciated using the 200% declining balance method, divide 2. How to amend my 2012 tax return 00 (200%) by 3 to get 0. How to amend my 2012 tax return 6667, or a 66. How to amend my 2012 tax return 67% declining balance rate. How to amend my 2012 tax return For 15-year property depreciated using the 150% declining balance method, divide 1. How to amend my 2012 tax return 50 (150%) by 15 to get 0. How to amend my 2012 tax return 10, or a 10% declining balance rate. How to amend my 2012 tax return   The following table shows the declining balance rate for each property class and the first year for which the straight line method gives an equal or greater deduction. How to amend my 2012 tax return Property Class Method Declining Balance Rate Year 3-year 200% DB 66. How to amend my 2012 tax return 667% 3rd 5-year 200% DB 40. How to amend my 2012 tax return 0 4th 7-year 200% DB 28. How to amend my 2012 tax return 571 5th 10-year 200% DB 20. How to amend my 2012 tax return 0 7th 15-year 150% DB 10. How to amend my 2012 tax return 0 7th 20-year 150% DB 7. How to amend my 2012 tax return 5 9th Straight Line Method When using the straight line method, you apply a different depreciation rate each year to the adjusted basis of your property. How to amend my 2012 tax return You must use the applicable convention in the year you place the property in service and the year you dispose of the property. How to amend my 2012 tax return You figure depreciation for the year you place property in service as follows. How to amend my 2012 tax return Multiply your adjusted basis in the property by the straight line rate. How to amend my 2012 tax return Apply the applicable convention. How to amend my 2012 tax return You figure depreciation for all other years (including the year you switch from the declining balance method to the straight line method) as follows. How to amend my 2012 tax return Reduce your adjusted basis in the property by the depreciation allowed or allowable in earlier years (under any method). How to amend my 2012 tax return Determine the depreciation rate for the year. How to amend my 2012 tax return Multiply the adjusted basis figured in (1) by the depreciation rate figured in (2). How to amend my 2012 tax return If you dispose of property before the end of its recovery period, see Using the Applicable Convention , later, for information on how to figure depreciation for the year you dispose of it. How to amend my 2012 tax return Straight line rate. How to amend my 2012 tax return   You determine the straight line depreciation rate for any tax year by dividing the number 1 by the years remaining in the recovery period at the beginning of that year. How to amend my 2012 tax return When figuring the number of years remaining, you must take into account the convention used in the year you placed the property in service. How to amend my 2012 tax return If the number of years remaining is less than 1, the depreciation rate for that tax year is 1. How to amend my 2012 tax return 0 (100%). How to amend my 2012 tax return Using the Applicable Convention The applicable convention (discussed earlier under Which Convention Applies ) affects how you figure your depreciation deduction for the year you place your property in service and for the year you dispose of it. How to amend my 2012 tax return It determines how much of the recovery period remains at the beginning of each year, so it also affects the depreciation rate for property you depreciate under the straight line method. How to amend my 2012 tax return See Straight line rate in the previous discussion. How to amend my 2012 tax return Use the applicable convention as explained in the following discussions. How to amend my 2012 tax return Half-year convention. How to amend my 2012 tax return   If this convention applies, you deduct a half-year of depreciation for the first year and the last year that you depreciate the property. How to amend my 2012 tax return You deduct a full year of depreciation for any other year during the recovery period. How to amend my 2012 tax return   Figure your depreciation deduction for the year you place the property in service by dividing the depreciation for a full year by 2. How to amend my 2012 tax return If you dispose of the property before the end of the recovery period, figure your depreciation deduction for the year of the disposition the same way. How to amend my 2012 tax return If you hold the property for the entire recovery period, your depreciation deduction for the year that includes the final 6 months of the recovery period is the amount of your unrecovered basis in the property. How to amend my 2012 tax return Mid-quarter convention. How to amend my 2012 tax return   If this convention applies, the depreciation you can deduct for the first year you depreciate the property depends on the quarter in which you place the property in service. How to amend my 2012 tax return   A quarter of a full 12-month tax year is a period of 3 months. How to amend my 2012 tax return The first quarter in a year begins on the first day of the tax year. How to amend my 2012 tax return The second quarter begins on the first day of the fourth month of the tax year. How to amend my 2012 tax return The third quarter begins on the first day of the seventh month of the tax year. How to amend my 2012 tax return The fourth quarter begins on the first day of the tenth month of the tax year. How to amend my 2012 tax return A calendar year is divided into the following quarters. How to amend my 2012 tax return Quarter Months First January, February, March Second April, May, June Third July, August, September Fourth October, November, December   Figure your depreciation deduction for the year you place the property in service by multiplying the depreciation for a full year by the percentage listed below for the quarter you place the property in service. How to amend my 2012 tax return Quarter Percentage First 87. How to amend my 2012 tax return 5% Second 62. How to amend my 2012 tax return 5 Third 37. How to amend my 2012 tax return 5 Fourth 12. How to amend my 2012 tax return 5   If you dispose of the property before the end of the recovery period, figure your depreciation deduction for the year of the disposition by multiplying a full year of depreciation by the percentage listed below for the quarter you dispose of the property. How to amend my 2012 tax return Quarter Percentage First 12. How to amend my 2012 tax return 5% Second 37. How to amend my 2012 tax return 5 Third 62. How to amend my 2012 tax return 5 Fourth 87. How to amend my 2012 tax return 5   If you hold the property for the entire recovery period, your depreciation deduction for the year that includes the final quarter of the recovery period is the amount of your unrecovered basis in the property. How to amend my 2012 tax return Mid-month convention. How to amend my 2012 tax return   If this convention applies, the depreciation you can deduct for the first year that you depreciate the property depends on the month in which you place the property in service. How to amend my 2012 tax return Figure your depreciation deduction for the year you place the property in service by multiplying the depreciation for a full year by a fraction. How to amend my 2012 tax return The numerator of the fraction is the number of full months in the year that the property is in service plus ½ (or 0. How to amend my 2012 tax return 5). How to amend my 2012 tax return The denominator is 12. How to amend my 2012 tax return   If you dispose of the property before the end of the recovery period, figure your depreciation deduction for the year of the disposition the same way. How to amend my 2012 tax return If you hold the property for the entire recovery period, your depreciation deduction for the year that includes the final month of the recovery period is the amount of your unrecovered basis in the property. How to amend my 2012 tax return Example. How to amend my 2012 tax return You use the calendar year and place nonresidential real property in service in August. How to amend my 2012 tax return The property is in service 4 full months (September, October, November, and December). How to amend my 2012 tax return Your numerator is 4. How to amend my 2012 tax return 5 (4 full months plus 0. How to amend my 2012 tax return 5). How to amend my 2012 tax return You multiply the depreciation for a full year by 4. How to amend my 2012 tax return 5/12, or 0. How to amend my 2012 tax return 375. How to amend my 2012 tax return Examples The following examples show how to figure depreciation under MACRS without using the percentage tables. How to amend my 2012 tax return Figures are rounded for purposes of the examples. How to amend my 2012 tax return Assume for all the examples that you use a calendar year as your tax year. How to amend my 2012 tax return Example 1—200% DB method and half-year convention. How to amend my 2012 tax return In February, you placed in service depreciable property with a 5-year recovery period and a basis of $1,000. How to amend my 2012 tax return You do not elect to take the section 179 deduction and the property does not qualify for a special depreciation allowance. How to amend my 2012 tax return You use GDS and the 200% declining balance (DB) method to figure your depreciation. How to amend my 2012 tax return When the straight line (SL) method results in an equal or larger deduction, you switch to the SL method. How to amend my 2012 tax return You did not place any property in service in the last 3 months of the year, so you must use the half-year convention. How to amend my 2012 tax return First year. How to amend my 2012 tax return You figure the depreciation rate under the 200% DB method by dividing 2 (200%) by 5 (the number of years in the recovery period). How to amend my 2012 tax return The result is 40%. How to amend my 2012 tax return You multiply the adjusted basis of the property ($1,000) by the 40% DB rate. How to amend my 2012 tax return You apply the half-year convention by dividing the result ($400) by 2. How to amend my 2012 tax return Depreciation for the first year under the 200% DB method is $200. How to amend my 2012 tax return You figure the depreciation rate under the straight line (SL) method by dividing 1 by 5, the number of years in the recovery period. How to amend my 2012 tax return The result is 20%. How to amend my 2012 tax return You multiply the adjusted basis of the property ($1,000) by the 20% SL rate. How to amend my 2012 tax return You apply the half-year convention by dividing the result ($200) by 2. How to amend my 2012 tax return Depreciation for the first year under the SL method is $100. How to amend my 2012 tax return The DB method provides a larger deduction, so you deduct the $200 figured under the 200% DB method. How to amend my 2012 tax return Second year. How to amend my 2012 tax return You reduce the adjusted basis ($1,000) by the depreciation claimed in the first year ($200). How to amend my 2012 tax return You multiply the result ($800) by the DB rate (40%). How to amend my 2012 tax return Depreciation for the second year under the 200% DB method is $320. How to amend my 2012 tax return You figure the SL depreciation rate by dividing 1 by 4. How to amend my 2012 tax return 5, the number of years remaining in the recovery period. How to amend my 2012 tax return (Based on the half-year convention, you used only half a year of the recovery period in the first year. How to amend my 2012 tax return ) You multiply the reduced adjusted basis ($800) by the result (22. How to amend my 2012 tax return 22%). How to amend my 2012 tax return Depreciation under the SL method for the second year is $178. How to amend my 2012 tax return The DB method provides a larger deduction, so you deduct the $320 figured under the 200% DB method. How to amend my 2012 tax return Third year. How to amend my 2012 tax return You reduce the adjusted basis ($800) by the depreciation claimed in the second year ($320). How to amend my 2012 tax return You multiply the result ($480) by the DB rate (40%). How to amend my 2012 tax return Depreciation for the third year under the 200% DB method is $192. How to amend my 2012 tax return You figure the SL depreciation rate by dividing 1 by 3. How to amend my 2012 tax return 5. How to amend my 2012 tax return You multiply the reduced adjusted basis ($480) by the result (28. How to amend my 2012 tax return 57%). How to amend my 2012 tax return Depreciation under the SL method for the third year is $137. How to amend my 2012 tax return The DB method provides a larger deduction, so you deduct the $192 figured under the 200% DB method. How to amend my 2012 tax return Fourth year. How to amend my 2012 tax return You reduce the adjusted basis ($480) by the de
Español

Foreign Businesses Doing Business in the United States

For foreign business owners desiring to invest in the U.S.; create import and export opportunities; build partnerships; and learn more about the U.S. economy.

Professional International Exchange Programs

The How To Amend My 2012 Tax Return

How to amend my 2012 tax return 7. How to amend my 2012 tax return   How To Get Tax Help Table of Contents Whether it's help with a tax issue, preparing your tax return or a need for a free publication or form, get the help you need the way you want it: online, use a smart phone, call or walk in to an IRS office or volunteer site near you. How to amend my 2012 tax return Free help with your tax return. How to amend my 2012 tax return   You can get free help preparing your return nationwide from IRS-certified volunteers. How to amend my 2012 tax return The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. How to amend my 2012 tax return The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. How to amend my 2012 tax return Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. How to amend my 2012 tax return In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. How to amend my 2012 tax return To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS. How to amend my 2012 tax return gov, download the IRS2Go app, or call 1-800-906-9887. How to amend my 2012 tax return   As part of the TCE program, AARP offers the Tax-Aide counseling program. How to amend my 2012 tax return To find the nearest AARP Tax-Aide site, visit AARP's website at www. How to amend my 2012 tax return aarp. How to amend my 2012 tax return org/money/taxaide or call 1-888-227-7669. How to amend my 2012 tax return For more information on these programs, go to IRS. How to amend my 2012 tax return gov and enter “VITA” in the search box. How to amend my 2012 tax return Internet. How to amend my 2012 tax return    IRS. How to amend my 2012 tax return gov and IRS2Go are ready when you are —24 hours a day, 7 days a week. How to amend my 2012 tax return Download the free IRS2Go app from the iTunes app store or from Google Play. How to amend my 2012 tax return Use it to check your refund status, order transcripts of your tax returns or tax account, watch the IRS YouTube channel, get IRS news as soon as it's released to the public, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. How to amend my 2012 tax return Check the status of your 2013 refund with the Where's My Refund? application on IRS. How to amend my 2012 tax return gov or download the IRS2Go app and select the Refund Status option. How to amend my 2012 tax return The IRS issues more than 9 out of 10 refunds in less than 21 days. How to amend my 2012 tax return Using these applications, you can start checking on the status of your return within 24 hours after we receive your e-filed return or 4 weeks after you mail a paper return. How to amend my 2012 tax return You will also be given a personalized refund date as soon as the IRS processes your tax return and approves your refund. How to amend my 2012 tax return The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. How to amend my 2012 tax return Use the Interactive Tax Assistant (ITA) to research your tax questions. How to amend my 2012 tax return No need to wait on the phone or stand in line. How to amend my 2012 tax return The ITA is available 24 hours a day, 7 days a week, and provides you with a variety of tax information related to general filing topics, deductions, credits, and income. How to amend my 2012 tax return When you reach the response screen, you can print the entire interview and the final response for your records. How to amend my 2012 tax return New subject areas are added on a regular basis. How to amend my 2012 tax return  Answers not provided through ITA may be found in Tax Trails, one of the Tax Topics on IRS. How to amend my 2012 tax return gov which contain general individual and business tax information or by searching the IRS Tax Map, which includes an international subject index. How to amend my 2012 tax return You can use the IRS Tax Map, to search publications and instructions by topic or keyword. How to amend my 2012 tax return The IRS Tax Map integrates forms and publications into one research tool and provides single-point access to tax law information by subject. How to amend my 2012 tax return When the user searches the IRS Tax Map, they will be provided with links to related content in existing IRS publications, forms and instructions, questions and answers, and Tax Topics. How to amend my 2012 tax return Coming this filing season, you can immediately view and print for free all 5 types of individual federal tax transcripts (tax returns, tax account, record of account, wage and income statement, and certification of non-filing) using Get Transcript. How to amend my 2012 tax return You can also ask the IRS to mail a return or an account transcript to you. How to amend my 2012 tax return Only the mail option is available by choosing the Tax Records option on the IRS2Go app by selecting Mail Transcript on IRS. How to amend my 2012 tax return gov or by calling 1-800-908-9946. How to amend my 2012 tax return Tax return and tax account transcripts are generally available for the current year and the past three years. How to amend my 2012 tax return Determine if you are eligible for the EITC and estimate the amount of the credit with the Earned Income Tax Credit (EITC) Assistant. How to amend my 2012 tax return Visit Understanding Your IRS Notice or Letter to get answers to questions about a notice or letter you received from the IRS. How to amend my 2012 tax return If you received the First Time Homebuyer Credit, you can use the First Time Homebuyer Credit Account Look-up tool for information on your repayments and account balance. How to amend my 2012 tax return Check the status of your amended return using Where's My Amended Return? Go to IRS. How to amend my 2012 tax return gov and enter Where's My Amended Return? in the search box. How to amend my 2012 tax return You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. How to amend my 2012 tax return It can take up to 3 weeks from the date you mailed it to show up in our system. How to amend my 2012 tax return Make a payment using one of several safe and convenient electronic payment options available on IRS. How to amend my 2012 tax return gov. How to amend my 2012 tax return Select the Payment tab on the front page of IRS. How to amend my 2012 tax return gov for more information. How to amend my 2012 tax return Determine if you are eligible and apply for an online payment agreement, if you owe more tax than you can pay today. How to amend my 2012 tax return Figure your income tax withholding with the IRS Withholding Calculator on IRS. How to amend my 2012 tax return gov. How to amend my 2012 tax return Use it if you've had too much or too little withheld, your personal situation has changed, you're starting a new job or you just want to see if you're having the right amount withheld. How to amend my 2012 tax return Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. How to amend my 2012 tax return gov. How to amend my 2012 tax return Request an Electronic Filing PIN by going to IRS. How to amend my 2012 tax return gov and entering Electronic Filing PIN in the search box. How to amend my 2012 tax return Download forms, instructions and publications, including accessible versions for people with disabilities. How to amend my 2012 tax return Locate the nearest Taxpayer Assistance Center (TAC) using the Office Locator tool on IRS. How to amend my 2012 tax return gov, or choose the Contact Us option on the IRS2Go app and search Local Offices. How to amend my 2012 tax return An employee can answer questions about your tax account or help you set up a payment plan. How to amend my 2012 tax return Before you visit, check the Office Locator on IRS. How to amend my 2012 tax return gov, or Local Offices under Contact Us on IRS2Go to confirm the address, phone number, days and hours of operation, and the services provided. How to amend my 2012 tax return If you have a special need, such as a disability, you can request an appointment. How to amend my 2012 tax return Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. How to amend my 2012 tax return Apply for an Employer Identification Number (EIN). How to amend my 2012 tax return Go to IRS. How to amend my 2012 tax return gov and enter Apply for an EIN in the search box. How to amend my 2012 tax return Read the Internal Revenue Code, regulations, or other official guidance. How to amend my 2012 tax return Read Internal Revenue Bulletins. How to amend my 2012 tax return Sign up to receive local and national tax news and more by email. How to amend my 2012 tax return Just click on “subscriptions” above the search box on IRS. How to amend my 2012 tax return gov and choose from a variety of options. How to amend my 2012 tax return Phone. How to amend my 2012 tax return    You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. How to amend my 2012 tax return Download the free IRS2Go app from the iTunes app store or from Google Play. How to amend my 2012 tax return Call to locate the nearest volunteer help site, 1-800-906-9887 or you can use the VITA Locator Tool on IRS. How to amend my 2012 tax return gov, or download the IRS2Go app. How to amend my 2012 tax return Low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. How to amend my 2012 tax return The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. How to amend my 2012 tax return Most VITA and TCE sites offer free electronic filing. How to amend my 2012 tax return Some VITA and TCE sites provide IRS-certified volunteers who can help prepare your tax return. How to amend my 2012 tax return Through the TCE program, AARP offers the Tax-Aide counseling program; call 1-888-227-7669 to find the nearest Tax-Aide location. How to amend my 2012 tax return Call the automated Where's My Refund? information hotline to check the status of your 2013 refund 24 hours a day, 7 days a week at 1-800-829-1954. How to amend my 2012 tax return If you e-file, you can start checking on the status of your return within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. How to amend my 2012 tax return The IRS issues more than 9 out of 10 refunds in less than 21 days. How to amend my 2012 tax return Where's My Refund? will give you a personalized refund date as soon as the IRS processes your tax return and approves your refund. How to amend my 2012 tax return Before you call this automated hotline, have your 2013 tax return handy so you can enter your social security number, your filing status, and the exact whole dollar amount of your refund. How to amend my 2012 tax return The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. How to amend my 2012 tax return Note, the above information is for our automated hotline. How to amend my 2012 tax return Our live phone and walk-in assistors can research the status of your refund only if it's been 21 days or more since you filed electronically or more than 6 weeks since you mailed your paper return. How to amend my 2012 tax return Call the Amended Return Hotline, 1-866-464-2050, to check the status of your amended return. How to amend my 2012 tax return You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. How to amend my 2012 tax return It can take up to 3 weeks from the date you mailed it to show up in our system. How to amend my 2012 tax return Call 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions, publications, and prior-year forms and instructions (limited to 5 years). How to amend my 2012 tax return You should receive your order within 10 business days. How to amend my 2012 tax return Call TeleTax, 1-800-829-4477, to listen to pre-recorded messages covering general and business tax information. How to amend my 2012 tax return If, between January and April 15, you still have questions about the Form 1040, 1040A, or 1040EZ (like filing requirements, dependents, credits, Schedule D, pensions and IRAs or self-employment taxes), call 1-800-829-1040. How to amend my 2012 tax return Call using TTY/TDD equipment, 1-800-829-4059 to ask tax questions or order forms and publications. How to amend my 2012 tax return The TTY/TDD telephone number is for people who are deaf, hard of hearing, or have a speech disability. How to amend my 2012 tax return These individuals can also contact the IRS through relay services such as the Federal Relay Service. How to amend my 2012 tax return Walk-in. How to amend my 2012 tax return   You can find a selection of forms, publications and services — in-person. How to amend my 2012 tax return Products. How to amend my 2012 tax return You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. How to amend my 2012 tax return Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. How to amend my 2012 tax return Services. How to amend my 2012 tax return You can walk in to your local TAC for face-to-face tax help. How to amend my 2012 tax return An employee can answer questions about your tax account or help you set up a payment plan. How to amend my 2012 tax return Before visiting, use the Office Locator tool on IRS. How to amend my 2012 tax return gov, or choose the Contact Us option on the IRS2Go app and search Local Offices for days and hours of operation, and services provided. How to amend my 2012 tax return Mail. How to amend my 2012 tax return   You can send your order for forms, instructions, and publications to the address below. How to amend my 2012 tax return You should receive a response within 10 business days after your request is received. How to amend my 2012 tax return Internal Revenue Service 1201 N. How to amend my 2012 tax return Mitsubishi Motorway Bloomington, IL 61705-6613    The Taxpayer Advocate Service Is Here to Help You. How to amend my 2012 tax return The Taxpayer Advocate Service (TAS) is your voice at the IRS. How to amend my 2012 tax return Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. How to amend my 2012 tax return   What can TAS do for you? We can offer you free help with IRS problems that you can't resolve on your own. How to amend my 2012 tax return We know this process can be confusing, but the worst thing you can do is nothing at all! TAS can help if you can't resolve your tax problem and: Your problem is causing financial difficulties for you, your family, or your business. How to amend my 2012 tax return You face (or your business is facing) an immediate threat of adverse action. How to amend my 2012 tax return You've tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised. How to amend my 2012 tax return   If you qualify for our help, you'll be assigned to one advocate who'll be with you at every turn and will do everything possible to resolve your problem. How to amend my 2012 tax return Here's why we can help: TAS is an independent organization within the IRS. How to amend my 2012 tax return Our advocates know how to work with the IRS. How to amend my 2012 tax return Our services are free and tailored to meet your needs. How to amend my 2012 tax return We have offices in every state, the District of Columbia, and Puerto Rico. How to amend my 2012 tax return   How can you reach us? If you think TAS can help you, call your local advocate, whose number is in your local directory and at Taxpayer Advocate, or call us toll-free at 1-877-777-4778. How to amend my 2012 tax return   How else does TAS help taxpayers?  TAS also works to resolve large-scale, systemic problems that affect many taxpayers. How to amend my 2012 tax return If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System. How to amend my 2012 tax return Low Income Taxpayer Clinics. How to amend my 2012 tax return   Low Income Taxpayer Clinics (LITCs) serve individuals whose income is below a certain level and need to resolve tax problems such as audits, appeals, and tax collection disputes. How to amend my 2012 tax return Some clinics can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. How to amend my 2012 tax return Visit www. How to amend my 2012 tax return TaxpayerAdvocate. How to amend my 2012 tax return irs. How to amend my 2012 tax return gov or see IRS Publication 4134, Low Income Taxpayer Clinic List. How to amend my 2012 tax return Prev  Up  Next   Home   More Online Publications