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Free Tax Return

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Free Tax Return

Free tax return 13. Free tax return   Payment of Taxes Table of Contents How To Make Deposits When To Make Deposits Amount of DepositsSafe Harbor Rule Generally, semimonthly deposits of excise taxes are required. Free tax return A semimonthly period is the first 15 days of a month (the first semimonthly period) or the 16th through the last day of a month (the second semimonthly period). Free tax return However, no deposit is required for the situations listed below; the taxes are payable with Form 720. Free tax return The net liability for taxes listed in Part I (Form 720) does not exceed $2,500 for the quarter. Free tax return The gas guzzler tax is being paid on a one-time filing. Free tax return The liability is for taxes listed in Part II (Form 720), except for the floor stocks tax which generally requires a single deposit. Free tax return How To Make Deposits Electronic deposit requirement. Free tax return   You must use electronic funds transfer to make excise tax deposits. Free tax return Generally, electronic funds transfers are made using the Electronic Federal Tax Payment System (EFTPS). Free tax return 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 deposits on your behalf. Free tax return Also, you may arrange for your financial institution to initiate a same-day wire payment on your behalf. Free tax return   EFTPS is a free service provided by the Department of Treasury. Free tax return Services provided by your tax professional, financial institution, payroll service, or other third party may have a fee. Free tax return To get more information about EFTPS or to enroll in EFTPS, visit www. Free tax return eftps. Free tax return gov or call 1-800-555-4477. Free tax return Additional information about EFTPS is also available in Publication 966, Electronic Federal Tax Payment System: A Guide to Getting Started. Free tax return    Depositing on time. Free tax return For EFTPS deposits to be on time, you must initiate the transaction at least 1 day before the date the deposit is due (before 8:00 p. Free tax return m. Free tax return Eastern time). Free tax return You will automatically be enrolled in EFTPS when you apply for an EIN. Free tax return You will receive a separate mailing containing instructions for activating your EFTPS enrollment after you receive your EIN. Free tax return When To Make Deposits There are two methods for determining deposits: the regular method and the alternative method. Free tax return The regular method applies to all taxes in Part I of Form 720 except for communications and air transportation taxes if deposits are based on amounts billed or tickets sold, rather than on amounts actually collected. Free tax return See Alternative method below. Free tax return If you are depositing more than one tax under a method, combine all the taxes under the method and make one deposit for the semimonthly period. Free tax return Regular method. Free tax return   The deposit of tax for a semimonthly period is due by the 14th day following that period. Free tax return Generally, this is the 29th day of a month for the first semimonthly period and the 14th day of the following month for the second semimonthly period. Free tax return If the 14th or the 29th day falls on a Saturday, Sunday, or legal holiday, you must make the deposit by the immediately preceding day that is not a Saturday, Sunday, or legal holiday. Free tax return Alternative method (IRS Nos. Free tax return 22, 26, 27, and 28). Free tax return   Deposits of communications and air transportation taxes may be based on taxes included in amounts billed or tickets sold during a semimonthly period instead of on taxes actually collected during the period. Free tax return Under the alternative method, the tax included in amounts billed or tickets sold during a semimonthly period is considered collected during the first 7 days of the second following semimonthly period. Free tax return The deposit of tax is due by the 3rd banking day after the 7th day of that period. Free tax return   For an example of the alternative method, see the Instructions for Form 720. Free tax return To use the alternative method, you must keep a separate account of the tax included in amounts billed or tickets sold during the month and report on Form 720 the tax included in amounts billed or tickets sold and not the amount of tax that is actually collected. Free tax return For example, amounts billed in December, January, and February are considered collected during January, February, and March and are reported on Form 720 as the tax for the 1st quarter of the calendar year. Free tax return The separate account for each month must reflect: All items of tax included in amounts billed or tickets sold during the month, and Other items of adjustment relating to tax for prior months (within the statute of limitations on credits or refunds). Free tax return The separate account for any month cannot include an adjustment resulting from a refusal to pay or inability to collect unless the refusal has been reported to the IRS. Free tax return See Uncollected Tax Report in chapter 4. Free tax return The net amount of tax that is considered collected during the semimonthly period must be either: The net amount of tax reflected in the separate account for the corresponding semimonthly period of the preceding month, or One-half of the net amount of tax reflected in the separate account for the preceding month. Free tax return Special rule for deposits of taxes in September. Free tax return   See the Instructions for Form 720 for a special rule on deposits made in September. Free tax return Amount of Deposits Deposits for a semimonthly period generally must be at least 95% of the net tax liability for that period unless the safe harbor rule (discussed later) applies. Free tax return Generally, you do not have to make a deposit for a period in which you incurred no tax liability. Free tax return Net tax liability. Free tax return   Your net tax liability is your tax liability for the period minus any claims on Schedule C (Form 720) for the period. Free tax return You may figure your net tax liability for a semimonthly period by dividing your net liability incurred during the calendar month by two. Free tax return If you use this method, you must use it for all semimonthly periods in the calendar quarter. Free tax return Do not reduce your liability by any amounts from Form 720X. Free tax return Safe Harbor Rule The safe harbor rule applies separately to deposits under the regular method and the alternative method. Free tax return Persons who filed Form 720 for the look-back quarter (the 2nd calendar quarter preceding the current quarter) are considered to meet the semimonthly deposit requirement if the deposit for each semimonthly period in the current quarter is at least 1/6 (16. Free tax return 67%) of the net tax liability reported for the look-back quarter. Free tax return For the semimonthly period for which the additional deposit is required, the additional deposit must be at least 11/90 12. Free tax return 23%), 10/90 (11. Free tax return 12%) for non-EFTPS, of the net tax liability reported for the look-back quarter. Free tax return Also, the total deposit for that semimonthly period must be at least 1/6 (16. Free tax return 67%) of the net tax liability reported for the look-back quarter. Free tax return Exceptions. Free tax return   The safe harbor rule does not apply to: The 1st and 2nd quarters beginning on or after the effective date of an increase in the rate of tax unless the deposit of taxes for each semimonthly period in the calendar quarter is at least 1/6 (16. Free tax return 67%) of the tax liability you would have had for the look-back quarter if the increased rate of tax had been in effect for that look-back quarter, Any quarter if liability includes any tax not in effect throughout the look-back quarter, or For deposits under the alternative method, any quarter if liability includes any tax not in effect throughout the look-back quarter and the month preceding the look-back quarter. Free tax return Requirements to be met. Free tax return   For the safe harbor rule to apply, you must: Make each deposit timely at an authorized financial institution, and Pay any underpayment for the current quarter by the due date of the return. Free tax return    The IRS may withdraw the right to make deposits of tax using the safe harbor rule from any person not complying with these rules. Free tax return Tax rate increases. Free tax return   You must modify the safe harbor rule if there has been an increase in the rate of tax. Free tax return You must figure your tax liability in the look-back quarter as if the increased rate had been in effect. Free tax return To qualify for the safe harbor rule, your deposits cannot be less than 1/6 of the refigured tax liability. Free tax return Prev  Up  Next   Home   More Online Publications
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Abusive Tax Schemes - Criminal Investigation (CI)

Overview - Abusive Tax Schemes
Since the mid-1990s, the IRS has witnessed a proliferation of abusive tax schemes, particularly those with offshore components. 

What are some of the Most Common Abusive Tax Schemes?
The most common abusive tax schemes involve numerous domestic and foreign trusts, partnerships, or nominees.

How Does the Taxpayer Access the Funds in Offshore Accounts? - Abusive Tax Schemes
There are two methods commonly used to get funds back to the taxpayers. They are through credit/debit cards and fraudulent loans. 

In Partnership - IRS Criminal and Civil Enforcement and Department of Justice - Abusive Tax Schemes
Parallel civil and criminal investigations are an effective and aggressive approach that halts these schemes quickly and permanently.

Civil and Criminal Penalties - Abusive Tax Schemes
Investors of abusive tax schemes that improperly evade tax are still liable for taxes, interest, and civil penalties.

Statistical Data - Abusive Tax Schemes
Enforcement statistics on investigations initiated, prosecutions recommended, indictments, sentenced, and months to serve in prison.

Examples of Abusive Tax Scheme
Examples have been written from public record documents filed in the district courts where the case was prosecuted.

 


Criminal Enforcement Home Page

How to Report Suspected Tax Fraud Activities

Page Last Reviewed or Updated: 30-Oct-2013

The Free Tax Return

Free tax return Internal Revenue Bulletin:  2009-17  April 27, 2009  Rev. Free tax return Proc. Free tax return 2009-24 Table of Contents SECTION 1. Free tax return PURPOSE SECTION 2. Free tax return BACKGROUND SECTION 3. Free tax return SCOPE SECTION 4. Free tax return APPLICATION. Free tax return 01 In General. Free tax return . Free tax return 02 Limitations on Depreciation Deductions for Certain Automobiles. Free tax return . Free tax return 03 Inclusions in Income of Lessees of Passenger Automobiles. Free tax return SECTION 5. Free tax return EFFECTIVE DATE SECTION 6. Free tax return DRAFTING INFORMATION SECTION 1. Free tax return PURPOSE . Free tax return 01 This revenue procedure provides: (1) limitations on depreciation deductions for owners of passenger automobiles first placed in service by the taxpayer during calendar year 2009, including a separate table of limitations on depreciation deductions for trucks and vans; and (2) the amounts to be included in income by lessees of passenger automobiles first leased by the taxpayer during calendar year 2009, including a separate table of inclusion amounts for lessees of trucks and vans. Free tax return . Free tax return 02 The tables detailing these depreciation limitations and lessee inclusion amounts reflect the automobile price inflation adjustments required by § 280F(d)(7) of the Internal Revenue Code. Free tax return SECTION 2. Free tax return BACKGROUND . Free tax return 01 For owners of passenger automobiles, § 280F(a) imposes dollar limitations on the depreciation deduction for the year that the passenger automobile is placed in service by the taxpayer and each succeeding year. Free tax return Section 280F(d)(7) requires the amounts allowable as depreciation deductions to be increased by a price inflation adjustment amount for passenger automobiles placed in service after 1988. Free tax return The method of calculating this price inflation amount for trucks and vans placed in service in or after calendar year 2003 uses a different CPI “automobile component” (the “new trucks” component) than that used in the price inflation amount calculation for other passenger automobiles (the “new cars” component), resulting in somewhat higher depreciation deductions for trucks and vans. Free tax return This change reflects the higher rate of price inflation that trucks and vans have been subject to since 1988. Free tax return . Free tax return 02 Section 168(k)(1)(A) provides a 50 percent additional first year depreciation deduction for certain new property acquired by a taxpayer after December 31, 2007, and before January 1, 2010, if no written binding contract for the acquisition of the property existed before January 1, 2008. Free tax return Section 168(k)(2)(F)(i) increases the first year depreciation allowed under § 280F(a)(1)(A) by $8,000 for passenger automobiles to which the 50 percent additional first year depreciation deduction applies. Free tax return . Free tax return 03 Section 168(k)(2)(D)(i) provides that the 50 percent additional first year depreciation deduction does not apply to any property required to be depreciated under the alternative depreciation system of § 168(g), including property described in § 280F(b)(1). Free tax return Section 168(k)(2)(D)(iii) permits a taxpayer to elect to not claim the 50 percent additional first year depreciation deduction for any class of property. Free tax return Section 168(k)(4) permits a corporation to elect to not claim the 50 percent additional first year depreciation deduction for all eligible qualified property (that is extension property or that is not extension property, as applicable) and instead to increase the business credit limitation under § 38(c) or the alternative minimum tax credit limitation under § 53(c). Free tax return Accordingly, this revenue procedure provides tables for passenger automobiles for which the 50 percent additional depreciation deduction applies and tables for passenger automobiles for which the 50 percent additional first year depreciation deduction does not apply, including passenger automobiles in a class of property for which the taxpayer “elects out” of the 50 percent additional first year depreciation deduction or passenger automobiles that are eligible qualified property to which the § 168(k)(4) election applies. Free tax return . Free tax return 04 For leased passenger automobiles, § 280F(c) requires a reduction in the deduction allowed to the lessee of the passenger automobile. Free tax return The reduction must be substantially equivalent to the limitations on the depreciation deductions imposed on owners of passenger automobiles. Free tax return Under § 1. Free tax return 280F-7(a) of the Income Tax Regulations, this reduction requires a lessee to include in gross income an inclusion amount determined by applying a formula to the amount obtained from a table. Free tax return One table applies to lessees of trucks and vans and another table applies to all other passenger automobiles. Free tax return Each table shows inclusion amounts for a range of fair market values for each taxable year after the passenger automobile is first leased. Free tax return SECTION 3. Free tax return SCOPE . Free tax return 01 The limitations on depreciation deductions in section 4. Free tax return 02(2) of this revenue procedure apply to passenger automobiles (other than leased passenger automobiles) that are placed in service by the taxpayer in calendar year 2009, and continue to apply for each taxable year that the passenger automobile remains in service. Free tax return . Free tax return 02 The tables in section 4. Free tax return 03 of this revenue procedure apply to leased passenger automobiles for which the lease term begins during calendar year 2009. Free tax return Lessees of these passenger automobiles must use these tables to determine the inclusion amount for each taxable year during which the passenger automobile is leased. Free tax return See Rev. Free tax return Proc. Free tax return 2002-14, 2002-1 C. Free tax return B. Free tax return 450, for passenger automobiles first leased before January 1, 2003, Rev. Free tax return Proc. Free tax return 2003-75, 2003-2 C. Free tax return B. Free tax return 1018, for passenger automobiles first leased during calendar year 2003, Rev. Free tax return Proc. Free tax return 2004-20, 2004-1 C. Free tax return B. Free tax return 642, for passenger automobiles first leased during calendar year 2004, Rev. Free tax return Proc. Free tax return 2005-13, 2005-1 C. Free tax return B. Free tax return 759, for passenger automobiles first leased during calendar year 2005, Rev. Free tax return Proc. Free tax return 2006-18, 2006-1 C. Free tax return B. Free tax return 645, for passenger automobiles first leased during calendar year 2006, Rev. Free tax return Proc. Free tax return 2007-30, 2007-1 C. Free tax return B. Free tax return 1104, for passenger automobiles first leased during calendar year 2007, and Rev. Free tax return Proc. Free tax return 2008-22, 2008-12 I. Free tax return R. Free tax return B. Free tax return 658, for passenger automobiles first leased during calendar year 2008. Free tax return SECTION 4. Free tax return APPLICATION . Free tax return 01 In General. Free tax return (1) Limitations on depreciation deductions for certain automobiles. Free tax return The limitations on depreciation deductions for passenger automobiles placed in service by the taxpayer for the first time during calendar year 2009 are in Tables 1 through 4 in section 4. Free tax return 02(2) of this revenue procedure. Free tax return (2) Inclusions in income of lessees of passenger automobiles. Free tax return A taxpayer first leasing a passenger automobile during calendar year 2009 must determine the inclusion amount that is added to gross income using Tables 5 and 6 in section 4. Free tax return 03 of this revenue procedure. Free tax return In addition, the taxpayer must follow the procedures of § 1. Free tax return 280F-7(a). Free tax return . Free tax return 02 Limitations on Depreciation Deductions for Certain Automobiles. Free tax return (1) Amount of the inflation adjustment. Free tax return (a) Passenger automobiles (other than trucks or vans). Free tax return Under § 280F(d)(7)(B)(i), the automobile price inflation adjustment for any calendar year is the percentage (if any) by which the CPI automobile component for October of the preceding calendar year exceeds the CPI automobile component for October 1987. Free tax return The term “CPI automobile component” is defined in § 280F(d)(7)(B)(ii) as the “automobile component” of the Consumer Price Index for all Urban Consumers published by the Department of Labor. Free tax return The new car component of the CPI was 115. Free tax return 2 for October 1987 and 134. Free tax return 837 for October 2008. Free tax return The October 2008 index exceeded the October 1987 index by 19. Free tax return 637. Free tax return The Internal Revenue Service has, therefore, determined that the automobile price inflation adjustment for 2009 for passenger automobiles (other than trucks and vans) is 17. Free tax return 05 percent (19. Free tax return 637/115. Free tax return 2 x 100%). Free tax return This adjustment is applicable to all passenger automobiles (other than trucks and vans) that are first placed in service in calendar year 2009. Free tax return The dollar limitations in § 280F(a) therefore must be multiplied by a factor of 0. Free tax return 1705, and the resulting increases, after rounding to the nearest $100, are added to the 1988 limitations to give the depreciation limitations applicable to passenger automobiles (other than trucks and vans) for calendar year 2009. Free tax return (b) Trucks and vans. Free tax return To determine the dollar limitations applicable to trucks and vans first placed in service during calendar year 2009, the new truck component of the CPI is used instead of the new car component. Free tax return The new truck component of the CPI was 112. Free tax return 4 for October 1987 and 133. Free tax return 640 for October 2008. Free tax return The October 2008 index exceeded the October 1987 index by 21. Free tax return 24. Free tax return The Service has, therefore, determined that the automobile price inflation adjustment for 2009 for trucks and vans is 18. Free tax return 90 percent (21. Free tax return 24/112. Free tax return 4 x 100%). Free tax return This adjustment is applicable to all trucks and vans that are first placed in service in calendar year 2009. Free tax return The dollar limitations in § 280F(a) therefore must be multiplied by a factor of 0. Free tax return 1890, and the resulting increases, after rounding to the nearest $100, are added to the 1988 limitations to give the depreciation limitations applicable to trucks and vans. Free tax return (2) Amount of the limitation. Free tax return For passenger automobiles placed in service by the taxpayer in calendar year 2009, Tables 1 through 4 contain the dollar amount of the depreciation limitation for each taxable year. Free tax return Use Table 1 for a passenger automobile (other than a truck or van) placed in service by the taxpayer in calendar year 2009, for which the 50 percent additional first year depreciation deduction does not apply, including a passenger automobile (other than a truck or van) in a class of property for which the taxpayer elects out of the 50 percent additional first year depreciation deduction or a passenger automobile that is eligible qualified property to which the § 168(k)(4) election applies. Free tax return Use Table 2 for a passenger automobile (other than a truck or van) placed in service by the taxpayer in calendar year 2009, for which the 50 percent additional first year depreciation deduction applies. Free tax return Use Table 3 for a truck or van placed in service by the taxpayer in calendar year 2009, for which the 50 percent additional first year depreciation deduction does not apply, including a truck or van in a class of property for which the taxpayer elects out of the 50 percent additional first year depreciation deduction or a truck or van that is eligible qualified property to which the § 168(k)(4) election applies. Free tax return Use Table 4 for a truck or van placed in service by the taxpayer in calendar year 2009, for which the 50 percent additional first year depreciation deduction applies. Free tax return REV. Free tax return PROC. Free tax return 2009-24 TABLE 1 DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) PLACED IN SERVICE BY THE TAXPAYER IN CALENDAR YEAR 2009, FOR WHICH THE 50 PERCENT ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION DOES NOT APPLY Tax Year Amount 1st Tax Year $2,960 2nd Tax Year $4,800 3rd Tax Year $2,850 Each Succeeding Year $1,775 REV. Free tax return PROC. Free tax return 2009-24 TABLE 2 DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) PLACED IN SERVICE BY THE TAXPAYER IN CALENDAR YEAR 2009, FOR WHICH THE 50 PERCENT ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES Tax Year Amount 1st Tax Year $10,960 2nd Tax Year $4,800 3rd Tax Year $2,850 Each Succeeding Year $1,775 REV. Free tax return PROC. Free tax return 2009-24 TABLE 3 DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE BY THE TAXPAYER IN CALENDAR YEAR 2009, FOR WHICH THE 50 PERCENT ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION DOES NOT APPLY Tax Year Amount 1st Tax Year $3,060 2nd Tax Year $4,900 3rd Tax Year $2,950 Each Succeeding Year $1,775 REV. Free tax return PROC. Free tax return 2009-24 TABLE 4 DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE BY THE TAXPAYER IN CALENDAR YEAR 2009, FOR WHICH THE 50 PERCENT ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES Tax Year Amount 1st Tax Year $11,060 2nd Tax Year $4,900 3rd Tax Year $2,950 Each Succeeding Year $1,775 . Free tax return 03 Inclusions in Income of Lessees of Passenger Automobiles. Free tax return The inclusion amounts for passenger automobiles first leased in calendar year 2009 are calculated under the procedures described in § 1. Free tax return 280F-7(a). Free tax return Lessees of passenger automobiles other than trucks and vans should use Table 5 of this revenue procedure in applying these procedures, while lessees of trucks and vans should use Table 6 of this revenue procedure. Free tax return REV. Free tax return PROC. Free tax return 2009-24 TABLE 5 DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2009 Fair Market Value of Passenger Automobile Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th & Later $18,500 $19,000 9 19 28 34 38 19,000 19,500 10 21 32 38 43 19,500 20,000 11 24 36 42 48 20,000 20,500 12 27 39 46 54 20,500 21,000 13 29 43 51 58 21,000 21,500 15 31 47 55 64 21,500 22,000 16 34 50 60 68 22,000 23,000 17 38 56 66 76 23,000 24,000 20 42 64 75 86 24,000 25,000 22 47 71 84 96 25,000 26,000 24 52 78 93 107 26,000 27,000 26 58 85 101 117 27,000 28,000 29 62 93 110 127 28,000 29,000 31 67 100 119 138 29,000 30,000 33 72 108 128 147 30,000 31,000 35 77 115 137 157 31,000 32,000 38 82 122 146 167 32,000 33,000 40 87 129 155 178 33,000 34,000 42 92 137 163 188 34,000 35,000 44 97 144 172 199 35,000 36,000 47 102 151 181 208 36,000 37,000 49 107 159 189 219 37,000 38,000 51 112 166 199 228 38,000 39,000 53 117 173 208 239 39,000 40,000 56 122 180 216 250 40,000 41,000 58 127 188 225 259 41,000 42,000 60 132 195 234 269 42,000 43,000 62 137 203 242 280 43,000 44,000 65 141 210 252 290 44,000 45,000 67 146 218 260 300 45,000 46,000 69 151 225 269 311 46,000 47,000 71 157 232 278 320 47,000 48,000 74 161 240 286 331 48,000 49,000 76 166 247 296 340 49,000 50,000 78 171 255 304 351 50,000 51,000 80 176 262 313 361 51,000 52,000 83 181 269 322 371 52,000 53,000 85 186 276 331 381 53,000 54,000 87 191 284 339 392 54,000 55,000 89 196 291 349 401 55,000 56,000 92 201 298 357 412 56,000 57,000 94 206 306 365 423 57,000 58,000 96 211 313 375 432 58,000 59,000 98 216 320 384 442 59,000 60,000 101 221 327 393 452 60,000 62,000 104 228 339 406 467 62,000 64,000 109 238 353 424 488 64,000 66,000 113 248 368 441 509 66,000 68,000 118 258 382 459 529 68,000 70,000 122 268 397 476 550 70,000 72,000 127 277 413 493 570 72,000 74,000 131 288 427 511 590 74,000 76,000 136 297 442 529 610 76,000 78,000 140 307 457 546 631 78,000 80,000 145 317 471 564 651 80,000 85,000 152 335 497 595 686 85,000 90,000 164 359 534 639 737 90,000 95,000 175 384 570 683 789 95,000 100,000 186 409 607 727 839 100,000 110,000 203 446 662 793 916 110,000 120,000 226 495 736 881 1,018 120,000 130,000 248 545 809 970 1,119 130,000 140,000 271 594 883 1,058 1,220 140,000 150,000 293 644 956 1,146 1,322 150,000 160,000 316 693 1,030 1,234 1,424 160,000 170,000 338 743 1,103 1,322 1,526 170,000 180,000 361 792 1,177 1,410 1,628 180,000 190,000 383 842 1,250 1,498 1,730 190,000 200,000 406 891 1,324 1,586 1,831 200,000 210,000 428 941 1,397 1,675 1,932 210,000 220,000 451 990 1,471 1,762 2,035 220,000 230,000 473 1,040 1,544 1,851 2,136 230,000 240,000 496 1,089 1,618 1,939 2,238 240,000 And up 518 1,139 1,691 2,027 2,340 REV. Free tax return PROC. Free tax return 2009-24 TABLE 6 DOLLAR AMOUNTS FOR TRUCKS AND VANS WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2009 Fair Market Value of Electric Automobile Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th and Later $18,500 $19,000 8 17 25 30 35 19,000 19,500 9 19 29 35 40 19,500 20,000 10 22 33 38 45 20,000 20,500 11 25 36 43 50 20,500 21,000 12 27 40 48 55 21,000 21,500 13 30 43 52 60 21,500 22,000 15 32 47 56 66 22,000 23,000 16 36 52 64 72 23,000 24,000 18 41 60 72 83 24,000 25,000 21 45 68 81 93 25,000 26,000 23 50 75 90 103 26,000 27,000 25 56 82 98 114 27,000 28,000 27 61 89 107 124 28,000 29,000 30 65 97 116 134 29,000 30,000 32 70 104 125 144 30,000 31,000 34 75 112 134 154 31,000 32,000 36 80 119 143 164 32,000 33,000 39 85 126 151 175 33,000 34,000 41 90 134 160 184 34,000 35,000 43 95 141 169 195 35,000 36,000 45 100 148 178 205 36,000 37,000 48 105 155 187 215 37,000 38,000 50 110 163 195 226 38,000 39,000 52 115 170 204 236 39,000 40,000 55 120 177 213 246 40,000 41,000 57 125 185 221 256 41,000 42,000 59 130 192 231 266 42,000 43,000 61 135 199 240 276 43,000 44,000 64 139 207 249 286 44,000 45,000 66 144 215 257 296 45,000 46,000 68 149 222 266 307 46,000 47,000 70 155 229 274 317 47,000 48,000 73 159 237 283 327 48,000 49,000 75 164 244 292 338 49,000 50,000 77 169 251 301 348 50,000 51,000 79 174 259 310 357 51,000 52,000 82 179 266 318 368 52,000 53,000 84 184 273 328 378 53,000 54,000 86 189 281 336 388 54,000 55,000 88 194 288 345 399 55,000 56,000 91 199 295 354 408 56,000 57,000 93 204 302 363 419 57,000 58,000 95 209 310 371 429 58,000 59,000 97 214 317 381 439 59,000 60,000 100 219 324 389 450 60,000 62,000 103 226 336 402 465 62,000 64,000 107 236 351 420 485 64,000 66,000 112 246 365 438 505 66,000 68,000 116 256 380 455 526 68,000 70,000 121 266 394 473 546 70,000 72,000 125 276 409 491 566 72,000 74,000 130 286 423 509 586 74,000 76,000 134 296 438 526 607 76,000 78,000 139 305 454 543 627 78,000 80,000 143 316 467 561 648 80,000 85,000 151 333 493 592 684 85,000 90,000 163 357 531 635 735 90,000 95,000 174 382 567 680 785 95,000 100,000 185 407 604 724 836 100,000 110,000 202 444 659 790 912 110,000 120,000 225 493 733 878 1,014 120,000 130,000 247 543 806 966 1,116 130,000 140,000 270 592 880 1,054 1,218 140,000 150,000 292 642 953 1,143 1,319 150,000 160,000 315 691 1,027 1,230 1,421 160,000 170,000 337 741 1,100 1,319 1,522 170,000 180,000 360 790 1,174 1,407 1,624 180,000 190,000 382 840 1,247 1,495 1,726 190,000 200,000 405 889 1,321 1,583 1,828 200,000 210,000 427 939 1,394 1,671 1,930 210,000 220,000 450 988 1,468 1,759 2,031 220,000 230,000 472 1,038 1,541 1,847 2,134 230,000 240,000 495 1,087 1,615 1,935 2,235 240,000 and up 517 1,137 1,688 2,024 2,336 SECTION 5. Free tax return EFFECTIVE DATE This revenue procedure applies to passenger automobiles (other than leased passenger automobiles) that are first placed in service by a taxpayer during calendar year 2009, and to leased passenger automobiles that are first leased by a taxpayer during calendar year 2009. Free tax return SECTION 6. Free tax return DRAFTING INFORMATION The principal author of this revenue procedure is Bernard P. Free tax return Harvey of the Office of Associate Chief Counsel (Income Tax & Accounting). Free tax return For further information regarding this revenue procedure, contact Mr. Free tax return Harvey at (202) 622-4930 (not a toll-free call). Free tax return Prev  Up  Next   Home   More Internal Revenue Bulletins