Employers Providing Vehicles for Employees

Employers providing vehicles to their employees satisfy the employer's substantiation requirements under section 274(d) by maintaining a written policy statement that: Prohibits personal use including commuting or Prohibits personal use except for commuting An employee does not need to keep a separate set of records for any vehicle that satisfies these written policy statement [...]

Depreciation and Other Information

You can deduct depreciation of buildings, improvements, cars and trucks, machinery, and other farm equipment of a permanent nature. Don't deduct depreciation on your home, furniture or other personal items, land, livestock you bought or raised for resale, or other property in your inventory. You can also elect under section 179 to expense a portion of the cost of certain property you bought [...]

Form 8862 Claim EIC after Disallowance

You must complete Form 8862 and attach it to your tax return if both of the following apply: Your EIC was reduced or disallowed for any reason other than a math or clerical error for a year after 1996. You now want to claim the EIC and you meet all the requirements. But do not file Form 8862 if either of the following applies: After your EIC was reduced or disallowed in an [...]

Form 1310 - Statement of Person Claiming Refund Due a Deceased Taxpayer

Use Form 1310 to claim a refund on behalf of a deceased taxpayer. If you are claiming a refund on behalf of a deceased taxpayer, you must file Form 1310 unless either of the following applies: You are a surviving spouse filing an original or amended joint return with the decedent, or You are a personal representative filing an original Form 1040 or Form 1040NR for the decedent and a [...]

Form 8615 Tax for Children under 18 with Investment Income of More Than $2100

Purpose of Form For children under age 18 and certain older children described below in Who Must File, unearned income over $2,200 is taxed at the parent's rate if the parent's rate is higher than the child's. If the child's unearned income is more than $2,200, use Form 8615 to figure the child's tax. Form 8615 must be filed for any child who meets all of the following conditions. 1. The [...]