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

State Tax Filing Free Online

Tax Act2012 Tax Forms IrsWww H & R BlockHr Block Free TaxIrs Mailing Address 1040ezTaxact Sign2011 Taxes FormsFree Tax Filing For Low IncomeForm 1040 Ez 2013Tax Act 1040xHow To Fill 1040xFiling An Amended Return For 2012Free State And Federal Tax Filing For Low IncomeHow To File A Tax Extension For FreeWww Irs Gov Form1040ezVita Tax PreparerEfileEfile 2012Filing Taxes For FreeWhere Do I Send My 1040x2010 Amended ReturnFree Online Federal And State Tax Filing 2013Can I Refile My Taxes1040ez1040 Ez 2012State Tax Forms Need FillDo Unemployed People File TaxesTaxact 2011 LoginUs Tax Forms 20122012 Tax Forms 1040Free H&r Block Tax Software2012 Federal 1040 Tax FormsFiling Back State Taxes2011 Tax CalculatorAmended 1040 FormE-file State Taxes OnlyEfile State Taxes1040a 2012 InstructionsFile State Taxes Online FreeHow To File Your State Taxes For Free

State Tax Filing Free Online

State tax filing free online Depreciation Table of Contents Introduction Special Depreciation AllowanceQualified Property Election Not To Claim the Allowance Rules for Returns Filed Before June 1, 2002 Passenger Automobiles New York Liberty Zone BenefitsSpecial Liberty Zone Depreciation Allowance Increased Section 179 Deduction Liberty Zone Leasehold Improvement Property If you depreciate business property that you acquired and placed in service after September 10, 2001, new law contains provisions that may affect your depreciation deduction for that property. State tax filing free online Publication 946, How To Depreciate Property, contains information on depreciation. State tax filing free online However, Publication 946 does not contain the new provisions because it was printed before the law was enacted. State tax filing free online The new provisions are in the Supplement to Publication 946, which is reprinted below. State tax filing free online Supplement to Publication 946 How To Depreciate Property   Introduction After Publication 946 was printed, the Job Creation and Worker Assistance Act of 2002 was signed into law by the President. State tax filing free online The new law made several changes in the tax rules explained in the publication. State tax filing free online Some of the changes apply to property placed in service during 2001. State tax filing free online This supplemental publication describes those changes and explains what you should do if you are affected by them. State tax filing free online The situations and examples in Publication 946 do not reflect any of the changes made by the Job Creation and Worker Assistance Act of 2002. State tax filing free online The new law contains the following provisions. State tax filing free online 30% depreciation deductions (special depreciation allowance and special New York Liberty Zone (Liberty Zone) depreciation allowance) for the year qualified property is placed in service after September 10, 2001. State tax filing free online An increased dollar limit on the section 179 deduction for qualified Liberty Zone property purchased after September 10, 2001. State tax filing free online A shorter recovery period for qualified Liberty Zone leasehold improvement property placed in service after September 10, 2001. State tax filing free online An increase in the maximum depreciation deduction for 2001 for a qualified passenger automobile placed in service after September 10, 2001. State tax filing free online If you believe you qualify for an increased deduction under any of these new rules, you must file the revised 2001 Form 4562 (dated March 2002) for 2001 calendar or fiscal years and 2000 fiscal years ending after September 10, 2001. State tax filing free online If you have already filed a tax return, this supplemental publication explains how to claim these benefits and how to elect not to claim the special depreciation allowance or special Liberty Zone depreciation allowance. State tax filing free online See Table 2 at the end of the supplement for an overview of the rules that apply if you filed your return before June 1, 2002. State tax filing free online Special Depreciation Allowance You can take a special depreciation allowance for qualified property you place in service after September 10, 2001. State tax filing free online The allowance is an additional deduction of 30% of the property's depreciable basis. State tax filing free online To figure the depreciable basis, you must first multiply the property's cost or other basis by the percentage of business/investment use and then reduce that amount by any section 179 deduction and certain other deductions and credits for the property. State tax filing free online See What Is the Basis for Depreciation? on page 23 in Publication 946 for more information on figuring depreciable basis. State tax filing free online The allowance is deductible for both regular tax and alternative minimum tax (AMT) purposes. State tax filing free online There is no AMT adjustment required for any depreciation figured on the remaining basis of the property. State tax filing free online In the year you claim the allowance (generally the year you place the property in service), you must reduce the depreciable basis of the property by the allowance before figuring your regular depreciation deduction. State tax filing free online Example 1. State tax filing free online On November 1, 2001, you bought and placed in service in your business qualified property that cost $100,000. State tax filing free online You did not elect to claim a section 179 deduction. State tax filing free online You can deduct 30% of the cost ($30,000) as a special depreciation allowance for 2001. State tax filing free online You use the remaining $70,000 of cost to figure your regular depreciation deduction for 2001 and later years. State tax filing free online Example 2. State tax filing free online The facts are the same as in Example 1, except that you choose to deduct $24,000 of the property's cost as a section 179 deduction. State tax filing free online You use the remaining $76,000 of cost to figure your special depreciation allowance of $22,800 ($76,000 × 30%). State tax filing free online You use the remaining $53,200 of cost to figure your regular depreciation deduction for 2001 and later years. State tax filing free online Qualified Property To qualify for the special depreciation allowance, your property must meet the following requirements. State tax filing free online It is new property of one of the following types. State tax filing free online Property depreciated under the modified accelerated cost recovery system (MACRS) with a recovery period of 20 years or less. State tax filing free online See Can You Use MACRS To Depreciate Your Property and Which Recovery Period Applies? on pages 7 and 23, respectively, in Publication 946. State tax filing free online Water utility property. State tax filing free online See 25-year property on page 22 in Publication 946. State tax filing free online Computer software that is not a section 197 intangible as described in Computer software on page 5 in Publication 946. State tax filing free online (The cost of some computer software is treated as part of the cost of hardware and is depreciated under MACRS. State tax filing free online ) Qualified leasehold improvement property (defined later). State tax filing free online It meets the following tests (explained later under Tests To Be Met). State tax filing free online Acquisition date test. State tax filing free online Placed in service date test. State tax filing free online Original use test. State tax filing free online It is not excepted property (explained later under Excepted Property). State tax filing free online Qualified leasehold improvement property. State tax filing free online    Generally, this is any improvement to an interior part of a building that is nonresidential real property, provided all of the following requirements are met. State tax filing free online The improvement is made under or pursuant to a lease by the lessee (or any sublessee) or the lessor of that part of the building. State tax filing free online That part of the building is to be occupied exclusively by the lessee (or any sublessee) of that part. State tax filing free online The improvement is placed in service more than 3 years after the date the building was first placed in service. State tax filing free online   However, a qualified leasehold improvement does not include any improvement for which the expenditure is attributable to any of the following. State tax filing free online The enlargement of the building. State tax filing free online Any elevator or escalator. State tax filing free online Any structural component benefiting a common area. State tax filing free online The internal structural framework of the building. State tax filing free online   Generally, a binding commitment to enter into a lease is treated as a lease and the parties to the commitment are treated as the lessor and lessee. State tax filing free online However, a binding commitment between related persons is not treated as a lease. State tax filing free online Related persons. State tax filing free online   For this purpose, the following are related persons. State tax filing free online Members of an affiliated group. State tax filing free online The persons listed in items (1) through (9) under Related persons on page 8 of Publication 946 (except that “80% or more” should be substituted for “more than 10%” each place it appears). State tax filing free online An executor and a beneficiary of the same estate. State tax filing free online Tests To Be Met To qualify for the special depreciation allowance, the property must meet all of the following tests. State tax filing free online Acquisition date test. State tax filing free online    Generally, you must have acquired the property either: After September 10, 2001, and before September 11, 2004, but only if no written binding contract for the acquisition was in effect before September 11, 2001, or Pursuant to a written binding contract entered into after September 10, 2001, and before September 11, 2004. State tax filing free online   Property you manufacture, construct, or produce for your own use meets this test if you began the manufacture, construction, or production of the property after September 10, 2001, and before September 11, 2004. State tax filing free online Placed in service date test. State tax filing free online   Generally, the property must be placed in service for use in your trade or business or for the production of income after September 10, 2001, and before January 1, 2005. State tax filing free online   If you sold property you placed in service after September 10, 2001, and you leased it back within 3 months after the property was originally placed in service, the property is treated as placed in service no earlier than the date it is used under the leaseback. State tax filing free online Original use test. State tax filing free online   The original use of the property must have begun with you after September 10, 2001. State tax filing free online “Original use” means the first use to which the property is put, whether or not by you. State tax filing free online Additional capital expenditures you incurred after September 10, 2001, to recondition or rebuild your property meet the original use test. State tax filing free online Excepted Property The following property does not qualify for the special depreciation allowance. State tax filing free online Property used by any person before September 11, 2001. State tax filing free online Property required to be depreciated using ADS. State tax filing free online This includes listed property used 50% or less in a qualified business use. State tax filing free online Qualified New York Liberty Zone leasehold improvement property (defined next). State tax filing free online Qualified New York Liberty Zone leasehold improvement property. State tax filing free online   This is any qualified leasehold improvement property (as defined earlier) if all of the following requirements are met. State tax filing free online The improvement is to a building located in the New York Liberty Zone (defined later under New York Liberty Zone Benefits). State tax filing free online The improvement is placed in service after September 10, 2001, and before January 1, 2007. State tax filing free online No written binding contract for the improvement was in effect before September 11, 2001. State tax filing free online Election Not To Claim the Allowance You can elect not to claim the special depreciation allowance for qualified property. State tax filing free online If you make this election for any property, it applies to all property in the same property class placed in service during the year. State tax filing free online To make this election, attach a statement to your return indicating you elect not to claim the allowance and the class of property for which you are making the election. State tax filing free online When to make election. State tax filing free online   Generally, you must make the election on a timely filed tax return (including extensions) for the year in which you place the property in service. State tax filing free online   However, if you timely filed your return for the year without making the election, you can still make the election by filing an amended return within 6 months of the due date of the original return (not including extensions). State tax filing free online Attach the election statement to the amended return. State tax filing free online At the top of the election statement, write “Filed pursuant to section 301. State tax filing free online 9100–2. State tax filing free online ” Revoking an election. State tax filing free online   Once you elect not to deduct the special depreciation allowance for a class of property, you cannot revoke the election without IRS consent. State tax filing free online A request to revoke the election is subject to a user fee. State tax filing free online Rules for Returns Filed Before June 1, 2002 The following rules apply if you placed qualified property in service after September 10, 2001, and filed your return before June 1, 2002. State tax filing free online The rules apply to returns for the following years. State tax filing free online 2000 fiscal years that end after September 10, 2001. State tax filing free online 2001 calendar and fiscal years. State tax filing free online Claiming the allowance. State tax filing free online   If you did not claim the allowance on your return and did not make the election not to claim the allowance, you can do either of the following to claim the allowance. State tax filing free online File an amended return by the due date (not including extensions) of your return for the year following the year the property was placed in service. State tax filing free online Write “Filed Pursuant to Rev. State tax filing free online Proc. State tax filing free online 2002–33” at the top of the amended return. State tax filing free online File Form 3115, Application for Change in Accounting Method, with your return for the year following the year the property was placed in service. State tax filing free online Your return must be filed by the due date (including extensions). State tax filing free online Write “Automatic Change Filed Under Rev. State tax filing free online Proc. State tax filing free online 2002–33” on the appropriate line of Form 3115. State tax filing free online You must also file a copy (with signature) of the completed Form 3115 with the IRS National Office no later than when you file the original with your return. State tax filing free online For more information about filing Form 3115, including the address to send it to, see Revenue Procedure 2002–9, Revenue Procedure 2002–19, and Revenue Procedure 2002–33. State tax filing free online Example 1. State tax filing free online You are an individual and you use the calendar year. State tax filing free online You placed qualified property in service for your business in December 2001. State tax filing free online You filed your 2001 income tax return before April 15, 2002. State tax filing free online You did not claim the special depreciation allowance for the property and did not make the election not to claim the allowance. State tax filing free online You can claim the special allowance by filing an amended 2001 return by April 15, 2003, with “Filed Pursuant to Rev. State tax filing free online Proc. State tax filing free online 2002–33” at the top of the amended return. State tax filing free online You must file an amended return by April 15, 2003, even if you get an extension of time to file your 2002 tax return. State tax filing free online Example 2. State tax filing free online The facts concerning your 2001 return are the same as in Example 1. State tax filing free online In addition, you got an automatic 4-month extension of time (to August 15, 2003) to file your 2002 return. State tax filing free online You can claim the special allowance by filing a Form 3115 (with “Filed Pursuant to Rev. State tax filing free online Proc. State tax filing free online 2002–33” on the appropriate line) with your 2002 return by August 15, 2003. State tax filing free online You must also file a copy of this Form 3115 with the IRS National Office no later than when you file your 2002 return. State tax filing free online Electing not to claim the allowance. State tax filing free online   Generally, you have elected not to claim the special depreciation allowance for a class of property if you: Filed your return timely (including extensions) for the year you placed qualified property in service and indicated on a statement with the return that you are not claiming the allowance, or Filed your return timely and filed an amended return within 6 months of the due date of the original return (not including extensions) and indicated on a statement with the amended return that you are not claiming the allowance. State tax filing free online The statement must indicate that you are not deducting the special depreciation allowance and the class of property to which the election applies. State tax filing free online The statement can be either attached to or written on the return. State tax filing free online You can, for example, write “not deducting 30%” on Form 4562. State tax filing free online Deemed election. State tax filing free online   If you have not followed either of the procedures described above to elect not to claim the allowance, you may still be treated as making the election. State tax filing free online You will be treated as making the election if you meet both of the following conditions. State tax filing free online You filed your return for the year you placed the property in service and claimed depreciation, but not the special allowance, for any class of property. State tax filing free online You do not file an amended return or a Form 3115 within the time prescribed for claiming the special allowance. State tax filing free online See Claiming the allowance, earlier. State tax filing free online Passenger Automobiles The limit on your depreciation deduction (including any section 179 deduction) for any passenger automobile that is qualified property (defined earlier) placed in service after September 10, 2001, and for which you claim the special depreciation allowance is increased. State tax filing free online Generally, the limit is increased from $3,060 to $7,660. State tax filing free online However, if the automobile is a qualified electric car, the limit is increased from $9,280 to $23,080 ($22,980 if placed in service in 2002). State tax filing free online Table 1 shows the maximum deduction amounts for 2001. State tax filing free online Table 1. State tax filing free online Maximum Deduction for 2001 Qualified Vehicle Placed in Service Before Sept. State tax filing free online 11 Placed in Service After Sept. State tax filing free online 10 Passenger automobile $3,060 $7,660 Electric car 9,280 23,080 1 1$22,980 if you place an electric car in service in 2002. State tax filing free online Election not to claim the allowance. State tax filing free online   The increased maximum depreciation deduction does not apply if you elected not to claim the special depreciation allowance as explained earlier under Election Not To Claim the Allowance and Rules for Returns Filed Before June 1, 2002. State tax filing free online New York Liberty Zone Benefits Several benefits are available for property you place in service in the New York Liberty Zone (Liberty Zone). State tax filing free online They include a special depreciation allowance for the year you place the property in service, an increased section 179 deduction, and the classification of certain leasehold improvement property as 5-year property. State tax filing free online Area defined. State tax filing free online   The New York Liberty Zone is the area located on or south of Canal Street, East Broadway (east of its intersection with Canal Street), or Grand Street (east of its intersection with East Broadway) in the Borough of Manhattan in the City of New York, New York. State tax filing free online Special Liberty Zone Depreciation Allowance You can take a special depreciation allowance for qualified Liberty Zone property you place in service after September 10, 2001. State tax filing free online The allowance is an additional deduction of 30% of the property's depreciable basis. State tax filing free online To figure the depreciable basis, you must first multiply the property's cost or other basis by the percentage of business/investment use and then reduce that amount by any section 179 deduction and certain other deductions and credits for the property. State tax filing free online See What Is the Basis for Depreciation? on page 23 in Publication 946 for more information on figuring depreciable basis. State tax filing free online The allowance is deductible for both regular tax and alternative minimum tax (AMT) purposes. State tax filing free online There is no AMT adjustment required for any depreciation figured on the remaining basis of the property. State tax filing free online In the year you claim the allowance (generally the year you place the property in service), you must reduce the depreciable basis of the property by the allowance before figuring your regular depreciation deduction. State tax filing free online You cannot claim the special Liberty Zone depreciation allowance for property eligible for the special depreciation allowance explained earlier in Qualified Property under Special Depreciation Allowance. State tax filing free online Qualified property is eligible for only one special depreciation allowance. State tax filing free online Example 1. State tax filing free online On November 1, 2001, you bought and placed in service in your business, which is in the Liberty Zone, qualified Liberty Zone property that cost $200,000. State tax filing free online You did not elect to claim a section 179 deduction. State tax filing free online You can deduct 30% of the cost ($60,000) as a special Liberty Zone depreciation allowance for 2001. State tax filing free online You use the remaining $140,000 of cost to figure your regular depreciation deduction for 2001 and later years. State tax filing free online Example 2. State tax filing free online The facts are the same as in Example 1, except that you choose to deduct $59,000 of the property's cost as a section 179 deduction. State tax filing free online (See Increased Section 179 Deduction, later, for information concerning how this section 179 deduction amount is figured). State tax filing free online You use the remaining $141,000 of cost to figure your special Liberty Zone depreciation allowance of $42,300 ($141,000 × 30%). State tax filing free online You use the remaining $98,700 of cost to figure your regular depreciation deduction for 2001 and later years. State tax filing free online Qualified Liberty Zone Property For a 2001 calendar or fiscal year and a 2000 fiscal year that ends after September 10, 2001, property qualifies for the special Liberty Zone depreciation allowance if it meets the following requirements. State tax filing free online It is one of the following types of property. State tax filing free online Used property depreciated under MACRS with a recovery period of 20 years or less. State tax filing free online See Can You Use MACRS To Depreciate Your Property and Which Recovery Period Applies? on pages 7 and 23, respectively, in Publication 946. State tax filing free online Used water utility property. State tax filing free online See 25-year property on page 22 in Publication 946. State tax filing free online Used computer software that is not a section 197 intangible as described in Computer software on page 5 in Publication 946. State tax filing free online (The cost of some computer software is treated as part of the cost of hardware and is depreciated under MACRS. State tax filing free online ) Certain nonresidential real property and residential rental property (defined later). State tax filing free online It meets the following tests (explained later under Tests to be met). State tax filing free online Acquisition date test. State tax filing free online Placed in service date test. State tax filing free online Substantial use test. State tax filing free online Original use test. State tax filing free online It is not excepted property (explained later under Excepted property). State tax filing free online Nonresidential real property and residential rental property. State tax filing free online   This property is qualifying property only to the extent it rehabilitates real property damaged, or replaces real property destroyed or condemned, as a result of the terrorist attack of September 11, 2001. State tax filing free online Property is treated as replacing destroyed or condemned property if, as part of an integrated plan, such property replaces real property included in a continuous area that includes real property destroyed or condemned. State tax filing free online   For these purposes, real property is considered destroyed (or condemned) only if an entire building or structure was destroyed (or condemned) as a result of the terrorist attack. State tax filing free online Otherwise, the property is considered damaged real property. State tax filing free online For example, if certain structural components of a building (such as walls, floors, or plumbing fixtures) are damaged or destroyed as a result of the terrorist attack, but the building is not destroyed (or condemned), then only costs related to replacing the damaged or destroyed structural components qualify for the special Liberty Zone depreciation allowance. State tax filing free online Tests to be met. State tax filing free online   To qualify for the special Liberty Zone depreciation allowance, your property must meet all of the following tests. State tax filing free online Acquisition date test. State tax filing free online   You must have acquired the property by purchase after September 10, 2001, and there must not have been a binding written contract for the acquisition in effect before September 11, 2001. State tax filing free online   For information on the acquisition of property by purchase, see Property Acquired by Purchase on page 15 of Publication 946. State tax filing free online   Property you manufacture, construct, or produce for your own use meets this test if you began the manufacture, construction, or production of the property after September 10, 2001. State tax filing free online Placed in service date test. State tax filing free online   Generally, the property must be placed in service for use in your trade or business or for the production of income before January 1, 2007 (January 1, 2010, in the case of qualifying nonresidential real property and residential rental property). State tax filing free online   If you sold property you placed in service after September 10, 2001, and you leased it back within 3 months after the property was originally placed in service, the property is treated as placed in service no earlier than the date it is used under the leaseback. State tax filing free online Substantial use test. State tax filing free online   Substantially all use of the property must be in the Liberty Zone and in the active conduct of your trade or business in the Liberty Zone. State tax filing free online Original use test. State tax filing free online   The original use of the property in the Liberty Zone must have begun with you after September 10, 2001. State tax filing free online   Used property can be qualified Liberty Zone property if it has not previously been used within the Liberty Zone. State tax filing free online Also, additional capital expenditures you incurred after September 10, 2001, to recondition or rebuild your property meet the original use test if the original use of the property in the Liberty Zone began with you. State tax filing free online Excepted property. State tax filing free online   The following property does not qualify for the special Liberty Zone depreciation allowance. State tax filing free online Property eligible for the special depreciation allowance explained earlier in Qualified Property under Special Depreciation Allowance. State tax filing free online Property required to be depreciated using ADS. State tax filing free online This includes listed property used 50% or less in a qualified business use. State tax filing free online Qualified New York Liberty Zone leasehold improvement property (defined earlier in Excepted Property under Special Depreciation Allowance). State tax filing free online Example. State tax filing free online In December 2001, you bought and placed in service in your business in the Liberty Zone the following property. State tax filing free online New office furniture with a MACRS recovery period of 7 years. State tax filing free online A used computer with a MACRS recovery period of 5 years. State tax filing free online The computer had not previously been used within the Liberty Zone. State tax filing free online Because the office furniture is new property, it qualifies for the special depreciation allowance, but not the special Liberty Zone depreciation allowance. State tax filing free online Because the computer is used property that had not previously been used in the Liberty Zone, it qualifies for the special Liberty Zone depreciation allowance, but not the special depreciation allowance. State tax filing free online Election Not To Claim the Liberty Zone Allowance You can elect not to claim the special Liberty Zone depreciation allowance for qualified property. State tax filing free online If you make this election for any property, it applies to all property in the same property class placed in service during the year. State tax filing free online To make this election, attach a statement to your return indicating you elect not to claim the allowance and the class of property for which you are making the election. State tax filing free online When to make the election. State tax filing free online   Generally, you must make the election on a timely filed tax return (including extensions) for the year in which you place the property in service. State tax filing free online   However, if you timely filed your return for the year without making the election, you can still make the election by filing an amended return within 6 months of the due date of the original return (not including extensions). State tax filing free online Attach the election statement to the amended return. State tax filing free online At the top of the election statement, write “Filed pursuant to section 301. State tax filing free online 9100–2. State tax filing free online ” Revoking an election. State tax filing free online   Once you elect not to deduct the special Liberty Zone depreciation allowance for a class of property, you cannot revoke the election without IRS consent. State tax filing free online A request to revoke the election is subject to a user fee. State tax filing free online Returns filed before June 1, 2002. State tax filing free online   The rules that apply to the special depreciation allowance discussed earlier in Rules for Returns Filed Before June 1, 2002 under Special Depreciation Allowance also apply to the special Liberty Zone depreciation allowance. State tax filing free online Increased Section 179 Deduction Under section 179 of the Internal Revenue Code, you can choose to recover all or part of the cost of certain qualifying property, up to a limit, by deducting it in the year you place the property in service. State tax filing free online For tax years beginning in 2000, that limit was $20,000. State tax filing free online For tax years beginning in 2001 and 2002, that limit is generally $24,000. State tax filing free online If the cost of qualifying section 179 property placed in service in a year is over $200,000, you must reduce the dollar limit (but not below zero) by the amount of the cost over $200,000. State tax filing free online Increased Dollar Limit The dollar limit on the section 179 deduction is increased for certain property placed in service in the Liberty Zone. State tax filing free online The increase is the smaller of the following amounts. State tax filing free online $35,000. State tax filing free online The cost of section 179 property that is qualified Liberty Zone property placed in service during the year. State tax filing free online If you use the revised 2001 Form 4562 (dated March 2002) for a tax year beginning in 2000, you must reduce the section 179 dollar limit to $20,000 before adding the additional amount for qualified property. State tax filing free online Qualified property. State tax filing free online   To qualify for the increased section 179 deduction, your property must be section 179 property that is either: Qualified Liberty Zone property, or Property that would be qualified Liberty Zone property except that it is eligible for the special depreciation allowance. State tax filing free online Qualified Liberty Zone property is explained earlier in Qualified Liberty Zone Property under Special Liberty Zone Depreciation Allowance. State tax filing free online Property eligible for the special depreciation allowance is explained earlier in Qualified Property under Special Depreciation Allowance. State tax filing free online For information on the requirements that must be met for property to qualify for the section 179 deduction, see What Property Qualifies? on page 14 of Publication 946. State tax filing free online Example 1. State tax filing free online In 2002, you place in service in your business, which is in the Liberty Zone, qualified property (defined earlier) costing $25,000. State tax filing free online Because this cost is less than $35,000, the dollar limit on the section 179 deduction is increased by $25,000 to $49,000 ($24,000 + $25,000). State tax filing free online Example 2. State tax filing free online In 2002, you place in service in your business, which is in the Liberty Zone, qualified property (defined earlier) costing $75,000. State tax filing free online Because $35,000 is less than the cost of the property you place in service, the dollar limit on the section 179 deduction you can claim is increased by $35,000 to $59,000 ($24,000 + $35,000). State tax filing free online Reduced Dollar Limit Generally, you must reduce the dollar limit for a year by the cost of qualifying section 179 property placed in service in the year that is more than $200,000. State tax filing free online However, if the cost of your Liberty Zone property exceeds $200,000, you take into account only 50% (instead of 100%) of the cost of qualified property placed in service in a year. State tax filing free online Example. State tax filing free online In 2002, you place in service in your business, which is in the Liberty Zone, qualified property costing $460,000. State tax filing free online Your increased dollar limit is $59,000 ($35,000 + $24,000). State tax filing free online Because 50% of the cost of the property you place in service ($230,000) is $30,000 more than $200,000, you must reduce your $59,000 dollar limit to $29,000 ($59,000 - $30,000). State tax filing free online Recapture Rules Rules similar to those explained on page 20 of Publication 946 under When Must You Recapture the Deduction? apply with respect to any qualified property you stop using in the Liberty Zone. State tax filing free online Returns Filed Before June 1, 2002 If you filed a return before June 1, 2002, and did not deduct the increased section 179 amount for qualified property placed in service after September 10, 2001, you can deduct the increased amount by filing an amended return by the due date (not including extensions) of the return for the year after the year the property was placed in service. State tax filing free online This rule applies to returns for the following years. State tax filing free online 2000 fiscal years that end after September 10, 2001. State tax filing free online 2001 calendar and fiscal years. State tax filing free online On the amended return, write “Filed Pursuant to Rev. State tax filing free online Proc. State tax filing free online 2002–33. State tax filing free online ” Liberty Zone Leasehold Improvement Property Qualified Liberty Zone leasehold improvement property (described earlier in Qualified Property under Special Depreciation Allowance) is 5-year property. State tax filing free online This means that it is depreciated over a recovery period of 5 years. State tax filing free online For information about recovery periods, see Which Recovery Period Applies? on page 23 of Publication 946. State tax filing free online The straight-line method must be used with respect to qualified Liberty Zone leasehold improvement property. State tax filing free online Under ADS, the recovery period for qualified Liberty Zone leasehold improvement property is 9 years. State tax filing free online Returns Filed Before June 1, 2002 If you filed either of the following returns before June 1, 2002, and did not depreciate qualified Liberty Zone leasehold improvement property placed in service during the tax year as 5-year property using the straight line method, you should file an amended return before you file your return for the year after the year the property was placed in service. State tax filing free online Your 2000 fiscal year return (for a 2000 fiscal year that ends after September 10, 2001). State tax filing free online Your 2001 calendar or fiscal year return. State tax filing free online On the amended return, write “Filed Pursuant to Rev. State tax filing free online Proc. State tax filing free online 2002–33. State tax filing free online ” Table 2. State tax filing free online Rules for Returns Filed Before June 1, 2002 Note:This chart highlights the rules for returns affected by the Job Creation and Worker Assistance Act of 2002 that were filed before June 1, 2002, without accounting for any of the new benefits under the law. State tax filing free online See the text for definitions and examples. State tax filing free online Do not rely on this chart alone. State tax filing free online IF you want to. State tax filing free online . State tax filing free online . State tax filing free online THEN you. State tax filing free online . State tax filing free online . State tax filing free online BY. State tax filing free online . State tax filing free online . State tax filing free online claim the special depreciation allowance or special Liberty Zone depreciation allowance • must file an amended return • the due date (not including extensions) of your return for the year after the year the property was placed in service, or • must file Form 3115, Application for Change in Accounting Method, with your return for the year after the year the property was placed in service • the due date (including extensions) of your return for the year after the year the property was placed in service, and • must file a copy of your completed Form 3115 with the IRS National Office • the date you file the original Form 3115 with your return for the year after the year the property was placed in service. State tax filing free online elect not to claim the special depreciation allowance or the special Liberty Zone depreciation allowance 1 • must have filed your return timely for the year the property was placed in service, and   • must file an amended return stating you are not claiming the allowance • the date that is 6 months after the due date of the original return (not including extensions). State tax filing free online deduct the increased section 179 amount • must file an amended return • the due date (not including extensions) of your return for the year after the year the property was placed in service. State tax filing free online use a 5-year recovery period for depreciating qualified Liberty Zone leasehold improvement property • should file an amended return • the date you file your return for the year after the year the property was placed in service. State tax filing free online 1See also Deemed election under Rules for Returns Filed Before June 1, 2002, earlier. State tax filing free online Prev  Up  Next   Home   More Online Publications
Print - Click this link to Print this page

Understanding your CP12R Notice

We made changes to the computation of the Rebate Recovery Credit on your return.

Printable samples of this notice (PDF)

Tax publications you may find useful

How to get help

Calling the 1-800 number listed on the top right corner of your notice is the fastest way to get your questions answered.

You can also authorize someone (such as an accountant) to contact the IRS on your behalf using this Power of Attorney and Declaration of Representative (Form 2848).

Or you may qualify for help from a Low Income Taxpayer Clinic.
 


What you need to do

  • Review the notice, and compare our changes to the information on your tax return.
  • If you agree with the changes we made, do nothing; you should receive a refund check in 4-6 weeks, as long as you don't owe other tax or debts we're required to collect.
  • If you don't agree, call 1-800-829-8374 to review your account or contact us by mail. Include any correspondence or documentation.

You may want to...


Answers to Common Questions

Why did I receive this notice?
We issue Notice CP12R when we correct one or more mistakes on your tax return, and

  • The overpayment is different from the one you expected, or
  • You have an overpayment when you thought you owed money or had an even balance, or
  • We computed your Recovery Rebate Credit for you on your tax return.

How can I find out what caused my tax return to change?
Please contact us at the toll free number listed on the top right corner of your notice for specific information concerning your tax return.

What should I do if I disagree with the changes you made?
If you disagree, contact us at the toll free number listed on the top right corner of your notice.

What is the Rebate Recovery Credit?
The Recovery Rebate Credit is a special one-time benefit that most people received in 2008 in the form of an Economic Stimulus Payment. Learn more about the Recovery Rebate Credit.


Tips for next year

Consider filing your taxes electronically. Filing online can help you avoid mistakes and find credits and deductions that you may qualify for. In many cases you can file for free. Learn more about e-file.

Page Last Reviewed or Updated: 19-Feb-2014

The State Tax Filing Free Online

State tax filing free online Publication 509 - Introductory Material Table of Contents Future Developments What's New Reminders IntroductionOrdering forms and publications. State tax filing free online Tax questions. State tax filing free online Background Information for Using the Tax CalendarsElectronic deposit requirement. State tax filing free online Legal holidays. State tax filing free online Statewide legal holidays. State tax filing free online Future Developments For the latest information about developments related to Publication 509, such as legislation enacted after it was published, go to www. State tax filing free online irs. State tax filing free online gov/pub509. State tax filing free online What's New Publication 1518 discontinued after 2013. State tax filing free online  Publication 1518, IRS Tax Calendar for Small Businesses and Self-Employed, is discontinued after 2013. State tax filing free online An IRS Tax Calendar and most of the information previously contained in Publication 1518 can be found at www. State tax filing free online irs. State tax filing free online gov/taxcalendar. State tax filing free online Reminders Photographs of missing children. State tax filing free online  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. State tax filing free online Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. State tax filing free online You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. State tax filing free online Introduction A tax calendar is a 12-month calendar divided into quarters. State tax filing free online The calendar gives specific due dates for: Filing tax forms, Paying taxes, and Taking other actions required by federal tax law. State tax filing free online What does this publication contain?   This publication contains the following. State tax filing free online A section on how to use the tax calendars. State tax filing free online Three tax calendars: General Tax Calendar, Employer's Tax Calendar, and Excise Tax Calendar. State tax filing free online A table showing the semiweekly deposit due dates for payroll taxes for 2014. State tax filing free online   Most of the due dates discussed in this publication are also included in the IRS Tax Calendar available at www. State tax filing free online irs. State tax filing free online gov/taxcalendar. State tax filing free online Who should use this publication?   Primarily, employers need to use this publication. State tax filing free online However, the General Tax Calendar has important due dates for all businesses and individuals. State tax filing free online Anyone who must pay excise taxes may need the Excise Tax Calendar . State tax filing free online What are the advantages of using a tax calendar?   The following are advantages of using a calendar. State tax filing free online You do not have to figure the due dates yourself. State tax filing free online You can file or pay timely and avoid penalties. State tax filing free online You do not have to adjust the due dates for Saturdays, Sundays, and legal holidays. State tax filing free online You do not have to adjust the due dates for special banking rules if you use the Employer's Tax Calendar or Excise Tax Calendar . State tax filing free online Which calendar(s) should I use?   To decide which calendar(s) to use, first look at the General Tax Calendar and highlight the dates that apply to you. State tax filing free online If you are an employer, also use the Employer's Tax Calendar . State tax filing free online If you must pay excise taxes, use the Excise Tax Calendar . State tax filing free online Depending on your situation, you may need to use more than one calendar. State tax filing free online Table 1. State tax filing free online Useful Publications IF you are. State tax filing free online . State tax filing free online . State tax filing free online THEN you may need. State tax filing free online . State tax filing free online . State tax filing free online An employer • Publication 15 (Circular E), Employer's Tax Guide. State tax filing free online  • Publication 15-A, Employer's Supplemental Tax Guide. State tax filing free online  • Publication 15-B, Employer's Tax Guide to Fringe Benefits. State tax filing free online  • Publication 926, Household Employer's Tax Guide. State tax filing free online A farmer • Publication 51 (Circular A), Agricultural Employer's Tax Guide. State tax filing free online  • Publication 225, Farmer's Tax Guide. State tax filing free online An individual • Publication 505, Tax Withholding and Estimated Tax. State tax filing free online Required to pay excise taxes • Publication 510, Excise Taxes. State tax filing free online What is not in these calendars?   The calendars do not cover the employment or excise tax deposit rules. State tax filing free online You can find the deposit rules for employment taxes in Publication 15 (Circular E), Employer's Tax Guide. State tax filing free online The deposit rules for excise taxes are in Publication 510, Excise Taxes, and in the Instructions for Form 720, Quarterly Federal Excise Tax Return. State tax filing free online In addition, the calendars do not cover filing forms and other requirements for: Estate taxes, Gift taxes, Trusts, Exempt organizations, Certain types of corporations, or Foreign partnerships. State tax filing free online What other publications and tax forms will I need?   Table 1 lists other publications you may need to order. State tax filing free online Each calendar lists the forms you may need. State tax filing free online   See How To Get Tax Help near the end of this publication for information about getting publications and forms. State tax filing free online Comments and suggestions. State tax filing free online   We welcome your comments about this publication and your suggestions for future editions. State tax filing free online   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. State tax filing free online NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. State tax filing free online Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. State tax filing free online   You can send us comments from www. State tax filing free online irs. State tax filing free online gov/formspubs. State tax filing free online Click on More Information and then click on Comment on Tax Forms and Publications. State tax filing free online   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our forms and publications. State tax filing free online Ordering forms and publications. State tax filing free online   Visit www. State tax filing free online irs. State tax filing free online gov/formspubs to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. State tax filing free online Internal Revenue Service 1201 N. State tax filing free online Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. State tax filing free online   If you have a tax question, check the information available on IRS. State tax filing free online gov or call 1-800-829-1040. State tax filing free online We cannot answer tax questions sent to either of the above addresses. State tax filing free online Background Information for Using the Tax Calendars The following brief explanations may be helpful to you in using the tax calendars. State tax filing free online IRS e-services make taxes easier. State tax filing free online   Now more than ever before, businesses can enjoy the benefits of filing and paying their federal taxes electronically. State tax filing free online Whether you rely on a tax professional or handle your own taxes, the IRS offers you convenient programs to make taxes easier. State tax filing free online    You can e-file your Form 1040; certain business tax returns such as Forms 1120, 1120S, and 1065; certain employment tax returns such as Forms 940 and 941; certain excise tax returns such as Forms 720, 2290, and 8849; and Form 1099 and other information returns. State tax filing free online Visit www. State tax filing free online irs. State tax filing free online gov/efile for more information. State tax filing free online You can pay taxes online or by phone using the Electronic Federal Tax Payments System (EFTPS). State tax filing free online For detailed information about using this free service, see Electronic deposit requirement below. State tax filing free online   Use these electronic options to make filing and paying taxes easier. State tax filing free online For more information on electronic payments, visit the IRS website at www. State tax filing free online irs. State tax filing free online gov/e-pay. State tax filing free online Tax deposits. State tax filing free online   Some taxes can be paid with the return on which they are reported. State tax filing free online However, in many cases, you have to deposit the tax before the due date for filing the return. State tax filing free online Tax deposits are figured for periods of time that are shorter than the time period covered by the return. State tax filing free online See Publication 15 (Circular E) for the employment tax deposit rules. State tax filing free online For the excise tax deposit rules, see Publication 510 or the Instructions for Form 720. State tax filing free online    Electronic deposit requirement. State tax filing free online   You must use electronic funds transfer to make all federal tax deposits (such as deposits of employment tax, excise tax, and corporate income tax). State tax filing free online Generally, electronic fund transfers are made using the Electronic Federal Tax Payment System (EFTPS). State tax filing free online EFTPS is a free service provided by the Department of Treasury. State tax filing free online If you do not want to use EFTPS, you can arrange for your tax professional, financial institution, payroll service, or other trusted third party to make electronic deposits on your behalf. State tax filing free online   To get more information or to enroll in EFTPS, call 1-800-555-4477 (business), 1-800-316-6541 (individual), or 1-800-733-4829 (TDD/TTY). State tax filing free online You can also visit the EFTPS website at www. State tax filing free online eftps. State tax filing free online gov. State tax filing free online Additional information about EFTPS is also available in Publication 966, Electronic Federal Tax Payment System: A Guide to Getting Started. State tax filing free online    If you fail to timely, properly, and in full make your federal tax deposit, you may be subject to a failure-to-deposit penalty. State tax filing free online For an EFTPS deposit to be on time, you must initiate the deposit by 8 p. State tax filing free online m. State tax filing free online Eastern time the day before the date the deposit is due. State tax filing free online Saturday, Sunday, or legal holiday. State tax filing free online   Generally, if a due date for performing any act for tax purposes falls on a Saturday, Sunday, or legal holiday, the act is considered to be performed timely if it is performed no later than the next day that is not a Saturday, Sunday, or legal holiday. State tax filing free online The term legal holiday means any legal holiday in the District of Columbia. State tax filing free online The calendars provided in this publication make the adjustment for Saturdays, Sundays, and legal holidays. State tax filing free online But you must make any adjustments for statewide legal holidays, as discussed next. State tax filing free online An exception to this rule for certain excise taxes is noted later under the Excise Tax Calendar. State tax filing free online Legal holidays. State tax filing free online   Legal holidays for 2014 are listed below. State tax filing free online January 1— New Year's Day January 20— Birthday of Martin Luther King, Jr. State tax filing free online / Inauguration Day February 17— Washington's Birthday April 16— District of Columbia Emancipation Day May 26— Memorial Day July 4— Independence Day September 1— Labor Day October 13— Columbus Day November 11— Veterans Day November 27— Thanksgiving Day December 25— Christmas Day Statewide legal holidays. State tax filing free online   A statewide legal holiday delays a due date for filing a return only if the IRS office where you are required to file is located in that state. State tax filing free online A statewide legal holiday does not delay a due date for making a federal tax deposit. State tax filing free online Extended due date for Forms 1098, 1099, and W-2 if filed electronically. State tax filing free online   If you file Forms 1098, 1099, or W-2 electronically, your due date for filing them with the IRS or the Social Security Administration (SSA) will be extended to March 31. State tax filing free online   For 2014, the due date for giving the recipient these forms is January 31. State tax filing free online   For information about filing Forms 1098, 1099, or W-2G electronically, see Publication 1220, Specifications for Filing Forms 1097, 1098, 1099, 3921, 3922, 5498, 8935, and W-2G Electronically. State tax filing free online For information about filing Form W-2 electronically with the SSA, visit www. State tax filing free online ssa. State tax filing free online gov/employer or call 1-800-772-6270. State tax filing free online Penalties. State tax filing free online   Whenever possible, you should take action before the listed due date. State tax filing free online If you are late, you may have to pay a penalty as well as interest on any overdue taxes. State tax filing free online   Be sure to follow all the tax laws that apply to you. State tax filing free online In addition to civil penalties, criminal penalties may be imposed for intentionally not paying taxes, for intentionally filing a false return, or for not filing a required return. State tax filing free online Use of private delivery services. State tax filing free online   You can use certain private delivery services designated by the IRS to meet the timely mailing as timely filing/paying rule for tax returns and payments. State tax filing free online These private delivery services include only the following. State tax filing free online DHL Express (DHL): DHL Same Day Service. State tax filing free online Federal Express (FedEx): FedEx Priority Overnight, FedEx Standard Overnight, FedEx 2 Day, FedEx International Priority, and FedEx International First. State tax filing free online United Parcel Service (UPS): UPS Next Day Air, UPS Next Day Air Saver, UPS 2nd Day Air, UPS 2nd Day Air A. State tax filing free online M. State tax filing free online , UPS Worldwide Express Plus, and UPS Worldwide Express. State tax filing free online   For the IRS mailing address to use if you are using a private delivery service, go to IRS. State tax filing free online gov and enter “private delivery service” in the search box. State tax filing free online   The private delivery service can tell you how to get written proof of the mailing date. State tax filing free online    The U. State tax filing free online S. State tax filing free online Postal Service advises that private delivery services cannot deliver items to P. State tax filing free online O. State tax filing free online boxes. State tax filing free online You must use the U. State tax filing free online S. State tax filing free online Postal Service to mail any item to an IRS P. State tax filing free online O. State tax filing free online box address. State tax filing free online Prev  Up  Next   Home   More Online Publications