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H&r Block Amended Return 2013

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H&r Block Amended Return 2013

H&r block amended return 2013 22. H&r block amended return 2013   Taxes Table of Contents IntroductionIndian tribal government. H&r block amended return 2013 Useful Items - You may want to see: Tests To Deduct Any Tax Income TaxesState and Local Income Taxes Foreign Income Taxes General Sales TaxesMotor vehicles. H&r block amended return 2013 Real Estate TaxesReal estate taxes for prior years. H&r block amended return 2013 Examples. H&r block amended return 2013 Form 1099-S. H&r block amended return 2013 Real Estate-Related Items You Cannot Deduct Personal Property Taxes Taxes and Fees You Cannot Deduct Where To Deduct Introduction This chapter discusses which taxes you can deduct if you itemize deductions on Schedule A (Form 1040). H&r block amended return 2013 It also explains which taxes you can deduct on other schedules or forms and which taxes you cannot deduct. H&r block amended return 2013 This chapter covers the following topics. H&r block amended return 2013 Income taxes (federal, state, local, and foreign). H&r block amended return 2013 General sales taxes (state and local). H&r block amended return 2013 Real estate taxes (state, local, and foreign). H&r block amended return 2013 Personal property taxes (state and local). H&r block amended return 2013 Taxes and fees you cannot deduct. H&r block amended return 2013 Use Table 22-1 as a guide to determine which taxes you can deduct. H&r block amended return 2013 The end of the chapter contains a section that explains which forms you use to deduct different types of taxes. H&r block amended return 2013 Business taxes. H&r block amended return 2013   You can deduct certain taxes only if they are ordinary and necessary expenses of your trade or business or of producing income. H&r block amended return 2013 For information on these taxes, see Publication 535, Business Expenses. H&r block amended return 2013 State or local taxes. H&r block amended return 2013   These are taxes imposed by the 50 states, U. H&r block amended return 2013 S. H&r block amended return 2013 possessions, or any of their political subdivisions (such as a county or city), or by the District of Columbia. H&r block amended return 2013 Indian tribal government. H&r block amended return 2013   An Indian tribal government recognized by the Secretary of the Treasury as performing substantial government functions will be treated as a state for purposes of claiming a deduction for taxes. H&r block amended return 2013 Income taxes, real estate taxes, and personal property taxes imposed by that Indian tribal government (or by any of its subdivisions that are treated as political subdivisions of a state) are deductible. H&r block amended return 2013 General sales taxes. H&r block amended return 2013   These are taxes imposed at one rate on retail sales of a broad range of classes of items. H&r block amended return 2013 Foreign taxes. H&r block amended return 2013   These are taxes imposed by a foreign country or any of its political subdivisions. H&r block amended return 2013 Useful Items - You may want to see: Publication 514 Foreign Tax Credit for Individuals 530 Tax Information for Homeowners Form (and Instructions) Schedule A (Form 1040) Itemized Deductions Schedule E (Form 1040) Supplemental Income and Loss 1116 Foreign Tax Credit Tests To Deduct Any Tax The following two tests must be met for you to deduct any tax. H&r block amended return 2013 The tax must be imposed on you. H&r block amended return 2013 You must pay the tax during your tax year. H&r block amended return 2013 The tax must be imposed on you. H&r block amended return 2013   In general, you can deduct only taxes imposed on you. H&r block amended return 2013   Generally, you can deduct property taxes only if you are an owner of the property. H&r block amended return 2013 If your spouse owns the property and pays the real estate taxes, the taxes are deductible on your spouse's separate return or on your joint return. H&r block amended return 2013 You must pay the tax during your tax year. H&r block amended return 2013   If you are a cash basis taxpayer, you can deduct only those taxes you actually paid during your tax year. H&r block amended return 2013 If you pay your taxes by check, the day you mail or deliver the check is the date of payment, provided the check is honored by the financial institution. H&r block amended return 2013 If you use a pay-by-phone account (such as a credit card or electronic funds withdrawal), the date reported on the statement of the financial institution showing when payment was made is the date of payment. H&r block amended return 2013 If you contest a tax liability and are a cash basis taxpayer, you can deduct the tax only in the year you actually pay it (or transfer money or other property to provide for satisfaction of the contested liability). H&r block amended return 2013 See Publication 538, Accounting Periods and Methods, for details. H&r block amended return 2013    If you use an accrual method of accounting, see Publication 538 for more information. H&r block amended return 2013 Income Taxes This section discusses the deductibility of state and local income taxes (including employee contributions to state benefit funds) and foreign income taxes. H&r block amended return 2013 State and Local Income Taxes You can deduct state and local income taxes. H&r block amended return 2013 However, you can elect to deduct state and local general sales taxes instead of state and local income taxes. H&r block amended return 2013 See General Sales Taxes , later. H&r block amended return 2013 Exception. H&r block amended return 2013    You cannot deduct state and local income taxes you pay on income that is exempt from federal income tax, unless the exempt income is interest income. H&r block amended return 2013 For example, you cannot deduct the part of a state's income tax that is on a cost-of-living allowance exempt from federal income tax. H&r block amended return 2013 What To Deduct Your deduction may be for withheld taxes, estimated tax payments, or other tax payments as follows. H&r block amended return 2013 Withheld taxes. H&r block amended return 2013   You can deduct state and local income taxes withheld from your salary in the year they are withheld. H&r block amended return 2013 Your Form(s) W-2 will show these amounts. H&r block amended return 2013 Forms W-2G, 1099-G, 1099-R, and 1099-MISC may also show state and local income taxes withheld. H&r block amended return 2013 Estimated tax payments. H&r block amended return 2013   You can deduct estimated tax payments you made during the year to a state or local government. H&r block amended return 2013 However, you must have a reasonable basis for making the estimated tax payments. H&r block amended return 2013 Any estimated state or local tax payments that are not made in good faith at the time of payment are not deductible. H&r block amended return 2013 For example, you made an estimated state income tax payment. H&r block amended return 2013 However, the estimate of your state tax liability shows that you will get a refund of the full amount of your estimated payment. H&r block amended return 2013 You had no reasonable basis to believe you had any additional liability for state income taxes and you cannot deduct the estimated tax payment. H&r block amended return 2013 Refund applied to taxes. H&r block amended return 2013   You can deduct any part of a refund of prior-year state or local income taxes that you chose to have credited to your 2013 estimated state or local income taxes. H&r block amended return 2013    Do not reduce your deduction by either of the following items. H&r block amended return 2013 Any state or local income tax refund (or credit) you expect to receive for 2013. H&r block amended return 2013 Any refund of (or credit for) prior-year state and local income taxes you actually received in 2013. H&r block amended return 2013   However, part or all of this refund (or credit) may be taxable. H&r block amended return 2013 See Refund (or credit) of state or local income taxes , later. H&r block amended return 2013 Separate federal returns. H&r block amended return 2013   If you and your spouse file separate state, local, and federal income tax returns, you each can deduct on your federal return only the amount of your own state and local income tax that you paid during the tax year. H&r block amended return 2013 Joint state and local returns. H&r block amended return 2013   If you and your spouse file joint state and local returns and separate federal returns, each of you can deduct on your separate federal return a part of the total state and local income taxes paid during the tax year. H&r block amended return 2013 You can deduct only the amount of the total taxes that is proportionate to your gross income compared to the combined gross income of you and your spouse. H&r block amended return 2013 However, you cannot deduct more than the amount you actually paid during the year. H&r block amended return 2013 You can avoid this calculation if you and your spouse are jointly and individually liable for the full amount of the state and local income taxes. H&r block amended return 2013 If so, you and your spouse can deduct on your separate federal returns the amount you each actually paid. H&r block amended return 2013 Joint federal return. H&r block amended return 2013   If you file a joint federal return, you can deduct the total of the state and local income taxes both of you paid. H&r block amended return 2013 Contributions to state benefit funds. H&r block amended return 2013    As an employee, you can deduct mandatory contributions to state benefit funds withheld from your wages that provide protection against loss of wages. H&r block amended return 2013 For example, certain states require employees to make contributions to state funds providing disability or unemployment insurance benefits. H&r block amended return 2013 Mandatory payments made to the following state benefit funds are deductible as state income taxes on Schedule A (Form 1040), line 5. H&r block amended return 2013 Alaska Unemployment Compensation Fund. H&r block amended return 2013 California Nonoccupational Disability Benefit Fund. H&r block amended return 2013 New Jersey Nonoccupational Disability Benefit Fund. H&r block amended return 2013 New Jersey Unemployment Compensation Fund. H&r block amended return 2013 New York Nonoccupational Disability Benefit Fund. H&r block amended return 2013 Pennsylvania Unemployment Compensation Fund. H&r block amended return 2013 Rhode Island Temporary Disability Benefit Fund. H&r block amended return 2013 Washington State Supplemental Workmen's Compensation Fund. H&r block amended return 2013    Employee contributions to private or voluntary disability plans are not deductible. H&r block amended return 2013 Refund (or credit) of state or local income taxes. H&r block amended return 2013   If you receive a refund of (or credit for) state or local income taxes in a year after the year in which you paid them, you may have to include the refund in income on Form 1040, line 10, in the year you receive it. H&r block amended return 2013 This includes refunds resulting from taxes that were overwithheld, applied from a prior year return, not figured correctly, or figured again because of an amended return. H&r block amended return 2013 If you did not itemize your deductions in the previous year, do not include the refund in income. H&r block amended return 2013 If you deducted the taxes in the previous year, include all or part of the refund on Form 1040, line 10, in the year you receive the refund. H&r block amended return 2013 For a discussion of how much to include, see Recoveries in chapter 12. H&r block amended return 2013 Foreign Income Taxes Generally, you can take either a deduction or a credit for income taxes imposed on you by a foreign country or a U. H&r block amended return 2013 S. H&r block amended return 2013 possession. H&r block amended return 2013 However, you cannot take a deduction or credit for foreign income taxes paid on income that is exempt from U. H&r block amended return 2013 S. H&r block amended return 2013 tax under the foreign earned income exclusion or the foreign housing exclusion. H&r block amended return 2013 For information on these exclusions, see Publication 54, Tax Guide for U. H&r block amended return 2013 S. H&r block amended return 2013 Citizens and Resident Aliens Abroad. H&r block amended return 2013 For information on the foreign tax credit, see Publication 514. H&r block amended return 2013 General Sales Taxes You can elect to deduct state and local general sales taxes, instead of state and local income taxes, as an itemized deduction on Schedule A (Form 1040), line 5b. H&r block amended return 2013 You can use either your actual expenses or the state and local sales tax tables to figure your sales tax deduction. H&r block amended return 2013 Actual expenses. H&r block amended return 2013   Generally, you can deduct the actual state and local general sales taxes (including compensating use taxes) if the tax rate was the same as the general sales tax rate. H&r block amended return 2013 However, sales taxes on food, clothing, medical supplies, and motor vehicles are deductible as a general sales tax even if the tax rate was less than the general sales tax rate. H&r block amended return 2013 If you paid sales tax on a motor vehicle at a rate higher than the general sales tax rate, you can deduct only the amount of tax that you would have paid at the general sales tax rate on that vehicle. H&r block amended return 2013 If you use the actual expenses method, you must have receipts to show the general sales taxes paid. H&r block amended return 2013 Do not include sales taxes paid on items used in your trade or business. H&r block amended return 2013 Motor vehicles. H&r block amended return 2013   For purposes of this section, motor vehicles include cars, motorcycles, motor homes, recreational vehicles, sport utility vehicles, trucks, vans, and off-road vehicles. H&r block amended return 2013 This also includes sales taxes on a leased motor vehicle, but not on vehicles used in your trade or business. H&r block amended return 2013 Optional sales tax tables. H&r block amended return 2013   Instead of using your actual expenses, you can figure your state and local general sales tax deduction using the state and local sales tax tables in the Instructions for Schedule A (Form 1040). H&r block amended return 2013 You may also be able to add the state and local general sales taxes paid on certain specified items. H&r block amended return 2013   Your applicable table amount is based on the state where you live, your income, and the number of exemptions claimed on your tax return. H&r block amended return 2013 Your income is your adjusted gross income plus any nontaxable items such as the following. H&r block amended return 2013 Tax-exempt interest. H&r block amended return 2013 Veterans' benefits. H&r block amended return 2013 Nontaxable combat pay. H&r block amended return 2013 Workers' compensation. H&r block amended return 2013 Nontaxable part of social security and railroad retirement benefits. H&r block amended return 2013 Nontaxable part of IRA, pension, or annuity distributions, excluding rollovers. H&r block amended return 2013 Public assistance payments. H&r block amended return 2013 If you lived in different states during the same tax year, you must prorate your applicable table amount for each state based on the days you lived in each state. H&r block amended return 2013 See the Instructions for Schedule A (Form 1040), line 5, for details. H&r block amended return 2013 Real Estate Taxes Deductible real estate taxes are any state, local, or foreign taxes on real property levied for the general public welfare. H&r block amended return 2013 You can deduct these taxes only if they are based on the assessed value of the real property and charged uniformly against all property under the jurisdiction of the taxing authority. H&r block amended return 2013 Deductible real estate taxes generally do not include taxes charged for local benefits and improvements that increase the value of the property. H&r block amended return 2013 They also do not include itemized charges for services (such as trash collection) assessed against specific property or certain people, even if the charge is paid to the taxing authority. H&r block amended return 2013 For more information about taxes and charges that are not deductible, see Real Estate-Related Items You Cannot Deduct , later. H&r block amended return 2013 Tenant-shareholders in a cooperative housing corporation. H&r block amended return 2013   Generally, if you are a tenant-stockholder in a cooperative housing corporation, you can deduct the amount paid to the corporation that represents your share of the real estate taxes the corporation paid or incurred for your dwelling unit. H&r block amended return 2013 The corporation should provide you with a statement showing your share of the taxes. H&r block amended return 2013 For more information, see Special Rules for Cooperatives in Publication 530. H&r block amended return 2013 Division of real estate taxes between buyers and sellers. H&r block amended return 2013   If you bought or sold real estate during the year, the real estate taxes must be divided between the buyer and the seller. H&r block amended return 2013   The buyer and the seller must divide the real estate taxes according to the number of days in the real property tax year (the period to which the tax is imposed relates) that each owned the property. H&r block amended return 2013 The seller is treated as paying the taxes up to, but not including, the date of sale. H&r block amended return 2013 The buyer is treated as paying the taxes beginning with the date of sale. H&r block amended return 2013 This applies regardless of the lien dates under local law. H&r block amended return 2013 Generally, this information is included on the settlement statement provided at the closing. H&r block amended return 2013    If you (the seller) cannot deduct taxes until they are paid because you use the cash method of accounting, and the buyer of your property is personally liable for the tax, you are considered to have paid your part of the tax at the time of the sale. H&r block amended return 2013 This lets you deduct the part of the tax to the date of sale even though you did not actually pay it. H&r block amended return 2013 However, you must also include the amount of that tax in the selling price of the property. H&r block amended return 2013 The buyer must include the same amount in his or her cost of the property. H&r block amended return 2013   You figure your deduction for taxes on each property bought or sold during the real property tax year as follows. H&r block amended return 2013 Worksheet 22-1. H&r block amended return 2013 Figuring Your Real Estate Tax Deduction 1. H&r block amended return 2013 Enter the total real estate taxes for the real property tax year   2. H&r block amended return 2013 Enter the number of days in the real property tax year that you owned the property   3. H&r block amended return 2013 Divide line 2 by 365 (for leap years, divide line 2 by 366) . H&r block amended return 2013 4. H&r block amended return 2013 Multiply line 1 by line 3. H&r block amended return 2013 This is your deduction. H&r block amended return 2013 Enter it on Schedule A (Form 1040), line 6   Note. H&r block amended return 2013 Repeat steps 1 through 4 for each property you bought or sold during the real property tax year. H&r block amended return 2013 Your total deduction is the sum of the line 4 amounts for all of the properties. H&r block amended return 2013 Real estate taxes for prior years. H&r block amended return 2013   Do not divide delinquent taxes between the buyer and seller if the taxes are for any real property tax year before the one in which the property is sold. H&r block amended return 2013 Even if the buyer agrees to pay the delinquent taxes, the buyer cannot deduct them. H&r block amended return 2013 The buyer must add them to the cost of the property. H&r block amended return 2013 The seller can deduct these taxes paid by the buyer. H&r block amended return 2013 However, the seller must include them in the selling price. H&r block amended return 2013 Examples. H&r block amended return 2013   The following examples illustrate how real estate taxes are divided between buyer and seller. H&r block amended return 2013 Example 1. H&r block amended return 2013 Dennis and Beth White's real property tax year for both their old home and their new home is the calendar year, with payment due August 1. H&r block amended return 2013 The tax on their old home, sold on May 7, was $620. H&r block amended return 2013 The tax on their new home, bought on May 3, was $732. H&r block amended return 2013 Dennis and Beth are considered to have paid a proportionate share of the real estate taxes on the old home even though they did not actually pay them to the taxing authority. H&r block amended return 2013 On the other hand, they can claim only a proportionate share of the taxes they paid on their new property even though they paid the entire amount. H&r block amended return 2013 Dennis and Beth owned their old home during the real property tax year for 126 days (January 1 to May 6, the day before the sale). H&r block amended return 2013 They figure their deduction for taxes on their old home as follows. H&r block amended return 2013 Worksheet 22-1. H&r block amended return 2013 Figuring Your Real Estate Tax Deduction — Taxes on Old Home 1. H&r block amended return 2013 Enter the total real estate taxes for the real property tax year $620 2. H&r block amended return 2013 Enter the number of days in the real property tax year that you owned the property 126 3. H&r block amended return 2013 Divide line 2 by 365 (for leap years, divide line 2 by 366) . H&r block amended return 2013 3452 4. H&r block amended return 2013 Multiply line 1 by line 3. H&r block amended return 2013 This is your deduction. H&r block amended return 2013 Enter it on Schedule A (Form 1040), line 6 $214 Since the buyers of their old home paid all of the taxes, Dennis and Beth also include the $214 in the selling price of the old home. H&r block amended return 2013 (The buyers add the $214 to their cost of the home. H&r block amended return 2013 ) Dennis and Beth owned their new home during the real property tax year for 243 days (May 3 to December 31, including their date of purchase). H&r block amended return 2013 They figure their deduction for taxes on their new home as follows. H&r block amended return 2013 Worksheet 22-1. H&r block amended return 2013 Figuring Your Real Estate Tax Deduction — Taxes on New Home 1. H&r block amended return 2013 Enter the total real estate taxes for the real property tax year $732 2. H&r block amended return 2013 Enter the number of days in the real property tax year that you owned the property 243 3. H&r block amended return 2013 Divide line 2 by 365 (for leap years, divide line 2 by 366) . H&r block amended return 2013 6658 4. H&r block amended return 2013 Multiply line 1 by line 3. H&r block amended return 2013 This is your deduction. H&r block amended return 2013 Enter it on Schedule A (Form 1040), line 6 $487 Since Dennis and Beth paid all of the taxes on the new home, they add $245 ($732 paid less $487 deduction) to their cost of the new home. H&r block amended return 2013 (The sellers add this $245 to their selling price and deduct the $245 as a real estate tax. H&r block amended return 2013 ) Dennis and Beth's real estate tax deduction for their old and new homes is the sum of $214 and $487, or $701. H&r block amended return 2013 They will enter this amount on Schedule A (Form 1040), line 6. H&r block amended return 2013 Example 2. H&r block amended return 2013 George and Helen Brown bought a new home on May 3, 2013. H&r block amended return 2013 Their real property tax year for the new home is the calendar year. H&r block amended return 2013 Real estate taxes for 2012 were assessed in their state on January 1, 2013. H&r block amended return 2013 The taxes became due on May 31, 2013, and October 31, 2013. H&r block amended return 2013 The Browns agreed to pay all taxes due after the date of purchase. H&r block amended return 2013 Real estate taxes for 2012 were $680. H&r block amended return 2013 They paid $340 on May 31, 2013, and $340 on October 31, 2013. H&r block amended return 2013 These taxes were for the 2012 real property tax year. H&r block amended return 2013 The Browns cannot deduct them since they did not own the property until 2013. H&r block amended return 2013 Instead, they must add $680 to the cost of their new home. H&r block amended return 2013 In January 2014, the Browns receive their 2013 property tax statement for $752, which they will pay in 2014. H&r block amended return 2013 The Browns owned their new home during the 2013 real property tax year for 243 days (May 3 to December 31). H&r block amended return 2013 They will figure their 2014 deduction for taxes as follows. H&r block amended return 2013 Worksheet 22-1. H&r block amended return 2013 Figuring Your Real Estate Tax Deduction — Taxes on New Home 1. H&r block amended return 2013 Enter the total real estate taxes for the real property tax year $752 2. H&r block amended return 2013 Enter the number of days in the real property tax year that you owned the property 243 3. H&r block amended return 2013 Divide line 2 by 365 (for leap years, divide line 2 by 366) . H&r block amended return 2013 6658 4. H&r block amended return 2013 Multiply line 1 by line 3. H&r block amended return 2013 This is your deduction. H&r block amended return 2013 Claim it on Schedule A (Form 1040), line 6 $501 The remaining $251 ($752 paid less $501 deduction) of taxes paid in 2014, along with the $680 paid in 2013, is added to the cost of their new home. H&r block amended return 2013 Because the taxes up to the date of sale are considered paid by the seller on the date of sale, the seller is entitled to a 2013 tax deduction of $931. H&r block amended return 2013 This is the sum of the $680 for 2012 and the $251 for the 122 days the seller owned the home in 2013. H&r block amended return 2013 The seller must also include the $931 in the selling price when he or she figures the gain or loss on the sale. H&r block amended return 2013 The seller should contact the Browns in January 2014 to find out how much real estate tax is due for 2013. H&r block amended return 2013 Form 1099-S. H&r block amended return 2013   For certain sales or exchanges of real estate, the person responsible for closing the sale (generally the settlement agent) prepares Form 1099-S, Proceeds From Real Estate Transactions, to report certain information to the IRS and to the seller of the property. H&r block amended return 2013 Box 2 of Form 1099-S is for the gross proceeds from the sale and should include the portion of the seller's real estate tax liability that the buyer will pay after the date of sale. H&r block amended return 2013 The buyer includes these taxes in the cost basis of the property, and the seller both deducts this amount as a tax paid and includes it in the sales price of the property. H&r block amended return 2013   For a real estate transaction that involves a home, any real estate tax the seller paid in advance but that is the liability of the buyer appears on Form 1099-S, box 5. H&r block amended return 2013 The buyer deducts this amount as a real estate tax, and the seller reduces his or her real estate tax deduction (or includes it in income) by the same amount. H&r block amended return 2013 See Refund (or rebate) , later. H&r block amended return 2013 Taxes placed in escrow. H&r block amended return 2013   If your monthly mortgage payment includes an amount placed in escrow (put in the care of a third party) for real estate taxes, you may not be able to deduct the total amount placed in escrow. H&r block amended return 2013 You can deduct only the real estate tax that the third party actually paid to the taxing authority. H&r block amended return 2013 If the third party does not notify you of the amount of real estate tax that was paid for you, contact the third party or the taxing authority to find the proper amount to show on your return. H&r block amended return 2013 Tenants by the entirety. H&r block amended return 2013   If you and your spouse held property as tenants by the entirety and you file separate federal returns, each of you can deduct only the taxes each of you paid on the property. H&r block amended return 2013 Divorced individuals. H&r block amended return 2013   If your divorce or separation agreement states that you must pay the real estate taxes for a home owned by you and your spouse, part of your payments may be deductible as alimony and part as real estate taxes. H&r block amended return 2013 See Taxes and insurance in chapter 18 for more information. H&r block amended return 2013 Ministers' and military housing allowances. H&r block amended return 2013   If you are a minister or a member of the uniformed services and receive a housing allowance that you can exclude from income, you still can deduct all of the real estate taxes you pay on your home. H&r block amended return 2013 Refund (or rebate). H&r block amended return 2013   If you received a refund or rebate in 2013 of real estate taxes you paid in 2013, you must reduce your deduction by the amount refunded to you. H&r block amended return 2013 If you received a refund or rebate in 2013 of real estate taxes you deducted in an earlier year (either as an itemized deduction or an increase to your standard deduction), you generally must include the refund or rebate in income in the year you receive it. H&r block amended return 2013 However, the amount you include in income is limited to the amount of the deduction that reduced your tax in the earlier year. H&r block amended return 2013 For more information, see Recoveries in chapter 12. H&r block amended return 2013 Table 22-1. H&r block amended return 2013 Which Taxes Can You Deduct? Type of Tax You Can Deduct You Cannot Deduct Fees and Charges Fees and charges that are expenses of your trade or business or of producing income. H&r block amended return 2013 Fees and charges that are not expenses of your trade or business or of producing income, such as fees for driver's licenses, car inspections, parking, or charges for water bills (see Taxes and Fees You Cannot Deduct ). H&r block amended return 2013     Fines and penalties. H&r block amended return 2013 Income Taxes State and local income taxes. H&r block amended return 2013 Federal income taxes. H&r block amended return 2013   Foreign income taxes. H&r block amended return 2013     Employee contributions to state funds listed under Contributions to state benefit funds . H&r block amended return 2013 Employee contributions to private or voluntary disability plans. H&r block amended return 2013     State and local general sales taxes if you choose to deduct state and local income taxes. H&r block amended return 2013 General Sales Taxes State and local general sales taxes, including compensating use taxes. H&r block amended return 2013 State and local income taxes if you choose to deduct state and local general sales taxes. H&r block amended return 2013 Other Taxes Taxes that are expenses of your trade or business. H&r block amended return 2013 Federal excise taxes, such as tax on gasoline, that are not expenses of your trade or business or of producing income. H&r block amended return 2013   Taxes on property producing rent or royalty income. H&r block amended return 2013 Per capita taxes. H&r block amended return 2013   Occupational taxes. H&r block amended return 2013 See chapter 28. H&r block amended return 2013     One-half of self-employment tax paid. H&r block amended return 2013   Personal Property Taxes State and local personal property taxes. H&r block amended return 2013 Customs duties that are not expenses of your trade or business or of producing income. H&r block amended return 2013 Real Estate Taxes State and local real estate taxes. H&r block amended return 2013 Real estate taxes that are treated as imposed on someone else (see Division of real estate taxes between buyers and sellers ). H&r block amended return 2013   Foreign real estate taxes. H&r block amended return 2013 Taxes for local benefits (with exceptions). H&r block amended return 2013 See Real Estate-Related Items You Cannot Deduct . H&r block amended return 2013   Tenant's share of real estate taxes paid by  cooperative housing corporation. H&r block amended return 2013 Trash and garbage pickup fees (with exceptions). H&r block amended return 2013 See Real Estate-Related Items You Cannot Deduct . H&r block amended return 2013     Rent increase due to higher real estate taxes. H&r block amended return 2013     Homeowners' association charges. H&r block amended return 2013 Real Estate-Related Items You Cannot Deduct Payments for the following items generally are not deductible as real estate taxes. H&r block amended return 2013 Taxes for local benefits. H&r block amended return 2013 Itemized charges for services (such as trash and garbage pickup fees). H&r block amended return 2013 Transfer taxes (or stamp taxes). H&r block amended return 2013 Rent increases due to higher real estate taxes. H&r block amended return 2013 Homeowners' association charges. H&r block amended return 2013 Taxes for local benefits. H&r block amended return 2013   Deductible real estate taxes generally do not include taxes charged for local benefits and improvements tending to increase the value of your property. H&r block amended return 2013 These include assessments for streets, sidewalks, water mains, sewer lines, public parking facilities, and similar improvements. H&r block amended return 2013 You should increase the basis of your property by the amount of the assessment. H&r block amended return 2013   Local benefit taxes are deductible only if they are for maintenance, repair, or interest charges related to those benefits. H&r block amended return 2013 If only a part of the taxes is for maintenance, repair, or interest, you must be able to show the amount of that part to claim the deduction. H&r block amended return 2013 If you cannot determine what part of the tax is for maintenance, repair, or interest, none of it is deductible. H&r block amended return 2013    Taxes for local benefits may be included in your real estate tax bill. H&r block amended return 2013 If your taxing authority (or mortgage lender) does not furnish you a copy of your real estate tax bill, ask for it. H&r block amended return 2013 You should use the rules above to determine if the local benefit tax is deductible. H&r block amended return 2013 Contact the taxing authority if you need additional information about a specific charge on your real estate tax bill. H&r block amended return 2013 Itemized charges for services. H&r block amended return 2013    An itemized charge for services assessed against specific property or certain people is not a tax, even if the charge is paid to the taxing authority. H&r block amended return 2013 For example, you cannot deduct the charge as a real estate tax if it is: A unit fee for the delivery of a service (such as a $5 fee charged for every 1,000 gallons of water you use), A periodic charge for a residential service (such as a $20 per month or $240 annual fee charged to each homeowner for trash collection), or A flat fee charged for a single service provided by your government (such as a $30 charge for mowing your lawn because it was allowed to grow higher than permitted under your local ordinance). H&r block amended return 2013    You must look at your real estate tax bill to determine if any nondeductible itemized charges, such as those listed above, are included in the bill. H&r block amended return 2013 If your taxing authority (or mortgage lender) does not furnish you a copy of your real estate tax bill, ask for it. H&r block amended return 2013 Exception. H&r block amended return 2013   Service charges used to maintain or improve services (such as trash collection or police and fire protection) are deductible as real estate taxes if: The fees or charges are imposed at a like rate against all property in the taxing jurisdiction, The funds collected are not earmarked; instead, they are commingled with general revenue funds, and Funds used to maintain or improve services are not limited to or determined by the amount of these fees or charges collected. H&r block amended return 2013 Transfer taxes (or stamp taxes). H&r block amended return 2013   Transfer taxes and similar taxes and charges on the sale of a personal home are not deductible. H&r block amended return 2013 If they are paid by the seller, they are expenses of the sale and reduce the amount realized on the sale. H&r block amended return 2013 If paid by the buyer, they are included in the cost basis of the property. H&r block amended return 2013 Rent increase due to higher real estate taxes. H&r block amended return 2013   If your landlord increases your rent in the form of a tax surcharge because of increased real estate taxes, you cannot deduct the increase as taxes. H&r block amended return 2013 Homeowners' association charges. H&r block amended return 2013   These charges are not deductible because they are imposed by the homeowners' association, rather than the state or local government. H&r block amended return 2013 Personal Property Taxes Personal property tax is deductible if it is a state or local tax that is: Charged on personal property, Based only on the value of the personal property, and Charged on a yearly basis, even if it is collected more or less than once a year. H&r block amended return 2013 A tax that meets the above requirements can be considered charged on personal property even if it is for the exercise of a privilege. H&r block amended return 2013 For example, a yearly tax based on value qualifies as a personal property tax even if it is called a registration fee and is for the privilege of registering motor vehicles or using them on the highways. H&r block amended return 2013 If the tax is partly based on value and partly based on other criteria, it may qualify in part. H&r block amended return 2013 Example. H&r block amended return 2013 Your state charges a yearly motor vehicle registration tax of 1% of value plus 50 cents per hundredweight. H&r block amended return 2013 You paid $32 based on the value ($1,500) and weight (3,400 lbs. H&r block amended return 2013 ) of your car. H&r block amended return 2013 You can deduct $15 (1% × $1,500) as a personal property tax because it is based on the value. H&r block amended return 2013 The remaining $17 ($. H&r block amended return 2013 50 × 34), based on the weight, is not deductible. H&r block amended return 2013 Taxes and Fees You Cannot Deduct Many federal, state, and local government taxes are not deductible because they do not fall within the categories discussed earlier. H&r block amended return 2013 Other taxes and fees, such as federal income taxes, are not deductible because the tax law specifically prohibits a deduction for them. H&r block amended return 2013 See Table 22-1. H&r block amended return 2013 Taxes and fees that are generally not deductible include the following items. H&r block amended return 2013 Employment taxes. H&r block amended return 2013 This includes social security, Medicare, and railroad retirement taxes withheld from your pay. H&r block amended return 2013 However, one-half of self-employment tax you pay is deductible. H&r block amended return 2013 In addition, the social security and other employment taxes you pay on the wages of a household worker may be included in medical expenses that you can deduct or child care expenses that allow you to claim the child and dependent care credit. H&r block amended return 2013 For more information, see chapters 21 and 32. H&r block amended return 2013 Estate, inheritance, legacy, or succession taxes. H&r block amended return 2013 However, you can deduct the estate tax attributable to income in respect of a decedent if you, as a beneficiary, must include that income in your gross income. H&r block amended return 2013 In that case, deduct the estate tax as a miscellaneous deduction that is not subject to the 2%-of-adjusted-gross-income limit. H&r block amended return 2013 For more information, see Publication 559, Survivors, Executors, and Administrators. H&r block amended return 2013 Federal income taxes. H&r block amended return 2013 This includes income taxes withheld from your pay. H&r block amended return 2013 Fines and penalties. H&r block amended return 2013 You cannot deduct fines and penalties paid to a government for violation of any law, including related amounts forfeited as collateral deposits. H&r block amended return 2013 Gift taxes. H&r block amended return 2013 License fees. H&r block amended return 2013 You cannot deduct license fees for personal purposes (such as marriage, driver's, and dog license fees). H&r block amended return 2013 Per capita taxes. H&r block amended return 2013 You cannot deduct state or local per capita taxes. H&r block amended return 2013 Many taxes and fees other than those listed above are also nondeductible, unless they are ordinary and necessary expenses of a business or income producing activity. H&r block amended return 2013 For other nondeductible items, see Real Estate-Related Items You Cannot Deduct , earlier. H&r block amended return 2013 Where To Deduct You deduct taxes on the following schedules. H&r block amended return 2013 State and local income taxes. H&r block amended return 2013    These taxes are deducted on Schedule A (Form 1040), line 5, even if your only source of income is from business, rents, or royalties. H&r block amended return 2013 Check box a on line 5. H&r block amended return 2013 General sales taxes. H&r block amended return 2013   Sales taxes are deducted on Schedule A (Form 1040), line 5. H&r block amended return 2013 You must check box b on line 5. H&r block amended return 2013 If you elect to deduct sales taxes, you cannot deduct state and local income taxes on Schedule A (Form 1040), line 5, box a. H&r block amended return 2013 Foreign income taxes. H&r block amended return 2013   Generally, income taxes you pay to a foreign country or U. H&r block amended return 2013 S. H&r block amended return 2013 possession can be claimed as an itemized deduction on Schedule A (Form 1040), line 8, or as a credit against your U. H&r block amended return 2013 S. H&r block amended return 2013 income tax on Form 1040, line 47. H&r block amended return 2013 To claim the credit, you may have to complete and attach Form 1116. H&r block amended return 2013 For more information, see chapter 37, the Form 1040 instructions, or Publication 514. H&r block amended return 2013 Real estate taxes and personal property taxes. H&r block amended return 2013    Real estate and personal property taxes are deducted on Schedule A (Form 1040), lines 6 and 7, respectively, unless they are paid on property used in your business, in which case they are deducted on Schedule C, Schedule C-EZ, or Schedule F (Form 1040). H&r block amended return 2013 Taxes on property that produces rent or royalty income are deducted on Schedule E (Form 1040). H&r block amended return 2013 Self-employment tax. H&r block amended return 2013    Deduct one-half of your self-employment tax on Form 1040, line 27. H&r block amended return 2013 Other taxes. H&r block amended return 2013    All other deductible taxes are deducted on Schedule A (Form 1040), line 8. H&r block amended return 2013 Prev  Up  Next   Home   More Online Publications
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Treasury Acquisition Institute

 

Who We Are
The Treasury Acquisition Institute (TAI) was established by the Department of the
Treasury and the Internal Revenue Service in partnerships with other Treasury Bureaus on September 14, 1993.

Our Mission
Our Mission Is to provide ongoing training and development for the Department of the Treasury procurement and acquisition professionals.

1102 Series Acquisition Professionals - OPM 1102 Series Qualification Standard, Treasury Mandatory 1102 Training Regulations, Treasury Acquisition/Business Career Management Handbook, course/curriculum requirements and approved sources to conduct training.

Contracting Officers Representatives (CORs) (formerly COTRs) - Federal Certification Requirements for CORs.

Course Catalog - TAI Course Catalog, registration form and monthly schedule of courses.

Registration, General Information & Policies - Information about how to register, course times, withdrawal/substitution/cancellation policy, dress code, attendance, directions and more.

TAI Staff Directory - Who to contact for assistance.


Questions about the Procurement information on this site, please contact the webmaster.
Contact the Office of Procurement for other Procurement related questions.

Page Last Reviewed or Updated: 09-Sep-2013

The H&r Block Amended Return 2013

H&r block amended return 2013 Index A Accounting methods Accrual method, Accrual Method Cash method, Cash Method Change in, Change in Accounting Method Methods you can use, Methods you can use. H&r block amended return 2013 Accounting periods 52-53 week tax year, 52-53-Week Tax Year Business purpose tax year, Business Purpose Tax Year Calendar year, Calendar Year Improper tax year, Improper Tax Year Partnerships, Partnership Accrual method Expenses, Expenses Income, Income Advance payments, Advance Payment for Services Sales, Advance Payment for Sales Services, Advance Payment for Services Assistance (see Tax help) B Business purpose tax year, Business Purpose Tax Year C Calendar year, Calendar Year Cash method, Income Expenses, Expenses Income, Income Change, accounting method, Change to accrual method. H&r block amended return 2013 , Change in Accounting Method Comments on publication, Comments and suggestions. H&r block amended return 2013 Constructive receipt of income, Constructive receipt. H&r block amended return 2013 Corporation tax periods, Corporations (Other Than S Corporations and PSCs) Cost identification, Identifying Cost D Death of individual, short period return, Death of individual. H&r block amended return 2013 E Economic performance, Economic Performance Excluded entities, cash method, Excluded Entities F Fiscal year, Fiscal Year Form 1128, Improper Tax Year, Change in Tax Year 8716, Making the election. H&r block amended return 2013 , Making back-up election. H&r block amended return 2013 8752, Required payment for partnership or S corporation. H&r block amended return 2013 , Activating election. H&r block amended return 2013 970, Adopting LIFO method. H&r block amended return 2013 Free tax services, How To Get Tax Help H Help (see Tax help) I Inventories Cost identification, Identifying Cost FIFO, FIFO Method LIFO, LIFO Method Lower of cost or market, Lower of Cost or Market Method Perpetual or book, Perpetual or Book Inventory Retail method, Retail Method Specific identification, Specific Identification Method Uniform capitalization rules, Inventories. H&r block amended return 2013 Valuing, Valuing Inventory M More information (see Tax help) P Partnerships, Partnership Personal service corporation, Partnerships, S Corporations, and Personal Service Corporations (PSCs) Limit, use of cash method, Qualified PSC. H&r block amended return 2013 Required tax year, Partnerships, S Corporations, and Personal Service Corporations (PSCs), Personal Service Corporation (PSC) Publications (see Tax help) R Related persons, Related Persons S S corporations, S Corporation Section 444 election, Section 444 Election Short period return, Short period return. H&r block amended return 2013 Short tax year, Short Tax Year Suggestions for publication, Comments and suggestions. H&r block amended return 2013 T Tax help, How To Get Tax Help Tax year Change in, Change in Tax Year Corporations, Corporations (Other Than S Corporations and PSCs) Fiscal year, Fiscal Year Personal service corporation, Personal Service Corporation (PSC) S corporations, S Corporation Section 444 election, Section 444 Election Short tax year, Short Tax Year Taxpayer Advocate, Taxpayer Advocate Service. H&r block amended return 2013 TTY/TDD information, How To Get Tax Help U Uniform capitalization rules Exceptions, Exceptions. H&r block amended return 2013 General rules, Uniform Capitalization Rules Prev  Up     Home   More Online Publications