Source: http://freefilenow.net/long-amended-tax-return.html
Timestamp: 2018-03-19 01:11:21
Document Index: 441027356

Matched Legal Cases: ['§ 280', '§ 280', '§ 1', '§ 280', '§ 280', '§ 280', '§ 280', '§ 1']

Long Amended Tax Return
© 2010 - 2018 Long Amended Tax Return
State Income Tax Filing2010 1040ez Tax FormAmended Tax Return FormFederal Tax Forms 2012Income Tax Extention1040 V Payment VoucherMilitary Tax Questions2012 Federal 1040 Tax FormsFree Filing Of State TaxesLast Day To File Taxes 2014Need To File My 2012 TaxesFile 2012 State Taxes FreeHow To File A 2011 Tax ReturnHrblock Com2012 Free Tax ReturnFree File For State Income TaxTax Forms 1040ezTax Forms For Students1040ez Instructions 20122013 1040ez InstructionsIrs Gov Free FileH&r Block E File1040 SFree File 2012 Tax Return1040ez 2011Search Irs Gov FreefileH And R Free File1040a Tax Form 2011Fill 1040x Form OnlineFree State Income Tax Filing Online1040ez Form For 2010File Free State Taxes OnlineHow To Fill Out 1040x ExampleFiling For State TaxesHow To File A Late Tax Return 20121040ez Free OnlineState Income Tax FormForgot To File 2012 TaxesFree Tax ReturnDo Taxes Online 2010
Long amended tax return 8. Long amended tax return Dividends and Other Distributions Table of Contents Reminder Introduction Useful Items - You may want to see: General InformationDividends not reported on Form 1099-DIV. Long amended tax return Reporting tax withheld. Long amended tax return Nominees. Long amended tax return Ordinary DividendsQualified Dividends Dividends Used to Buy More Stock Money Market Funds Capital Gain DistributionsBasis adjustment. Long amended tax return Nondividend DistributionsLiquidating Distributions Distributions of Stock and Stock Rights Other DistributionsInformation reporting requirement. Long amended tax return Alternative minimum tax treatment. Long amended tax return How To Report Dividend IncomeInvestment interest deducted. Long amended tax return Reminder Foreign-source income. Long amended tax return If you are a U. Long amended tax return S. Long amended tax return citizen with dividend income from sources outside the United States (foreign-source income), you must report that income on your tax return unless it is exempt by U. Long amended tax return S. Long amended tax return law. Long amended tax return This is true whether you reside inside or outside the United States and whether or not you receive a Form 1099 from the foreign payer. Long amended tax return Introduction This chapter discusses the tax treatment of: Ordinary dividends, Capital gain distributions, Nondividend distributions, and Other distributions you may receive from a corporation or a mutual fund. Long amended tax return This chapter also explains how to report dividend income on your tax return. Long amended tax return Dividends are distributions of money, stock, or other property paid to you by a corporation or by a mutual fund. Long amended tax return You also may receive dividends through a partnership, an estate, a trust, or an association that is taxed as a corporation. Long amended tax return However, some amounts you receive that are called dividends are actually interest income. Long amended tax return (See Dividends that are actually interest under Taxable Interest in chapter 7. Long amended tax return ) Most distributions are paid in cash (or check). Long amended tax return However, distributions can consist of more stock, stock rights, other property, or services. Long amended tax return Useful Items - You may want to see: Publication 514 Foreign Tax Credit for Individuals 550 Investment Income and Expenses Form (and Instructions) Schedule B (Form 1040A or 1040) Interest and Ordinary Dividends General Information This section discusses general rules for dividend income. Long amended tax return Tax on unearned income of certain children. Long amended tax return Part of a child's 2013 unearned income may be taxed at the parent's tax rate. Long amended tax return If it is, Form 8615, Tax for Certain Children Who Have Unearned Income, must be completed and attached to the child's tax return. Long amended tax return If not, Form 8615 is not required and the child's income is taxed at his or her own tax rate. Long amended tax return Some parents can choose to include the child's interest and dividends on the parent's return if certain requirements are met. Long amended tax return Use Form 8814, Parents' Election To Report Child's Interest and Dividends, for this purpose. Long amended tax return For more information about the tax on unearned income of children and the parents' election, see chapter 31. Long amended tax return Beneficiary of an estate or trust. Long amended tax return Dividends and other distributions you receive as a beneficiary of an estate or trust are generally taxable income. Long amended tax return You should receive a Schedule K-1 (Form 1041), Beneficiary's Share of Income, Deductions, Credits, etc. Long amended tax return , from the fiduciary. Long amended tax return Your copy of Schedule K-1 (Form 1041) and its instructions will tell you where to report the income on your Form 1040. Long amended tax return Social security number (SSN) or individual taxpayer identification number (ITIN). Long amended tax return You must give your SSN or ITIN to any person required by federal tax law to make a return, statement, or other document that relates to you. Long amended tax return This includes payers of dividends. Long amended tax return If you do not give your SSN or ITIN to the payer of dividends, you may have to pay a penalty. Long amended tax return For more information on SSNs and ITINs, see Social Security Number (SSN) in chapter 1. Long amended tax return Backup withholding. Long amended tax return Your dividend income is generally not subject to regular withholding. Long amended tax return However, it may be subject to backup withholding to ensure that income tax is collected on the income. Long amended tax return Under backup withholding, the payer of dividends must withhold, as income tax, on the amount you are paid, applying the appropriate withholding rate. Long amended tax return Backup withholding may also be required if the IRS has determined that you underreported your interest or dividend income. Long amended tax return For more information, see Backup Withholding in chapter 4. Long amended tax return Stock certificate in two or more names. Long amended tax return If two or more persons hold stock as joint tenants, tenants by the entirety, or tenants in common, each person's share of any dividends from the stock is determined by local law. Long amended tax return Form 1099-DIV. Long amended tax return Most corporations and mutual funds use Form 1099-DIV, Dividends and Distributions, to show you the distributions you received from them during the year. Long amended tax return Keep this form with your records. Long amended tax return You do not have to attach it to your tax return. Long amended tax return Dividends not reported on Form 1099-DIV. Long amended tax return Even if you do not receive Form 1099-DIV, you must still report all your taxable dividend income. Long amended tax return For example, you may receive distributive shares of dividends from partnerships or S corporations. Long amended tax return These dividends are reported to you on Schedule K-1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc. Long amended tax return , and Schedule K-1 (Form 1120S), Shareholder's Share of Income, Deductions, Credits, etc. Long amended tax return Reporting tax withheld. Long amended tax return If tax is withheld from your dividend income, the payer must give you a Form 1099-DIV that indicates the amount withheld. Long amended tax return Nominees. Long amended tax return If someone receives distributions as a nominee for you, that person should give you a Form 1099-DIV, which will show distributions received on your behalf. Long amended tax return Form 1099-MISC. Long amended tax return Certain substitute payments in lieu of dividends or tax-exempt interest received by a broker on your behalf must be reported to you on Form 1099-MISC, Miscellaneous Income, or a similar statement. Long amended tax return See Reporting Substitute Payments under Short Sales in chapter 4 of Publication 550 for more information about reporting these payments. Long amended tax return Incorrect amount shown on a Form 1099. Long amended tax return If you receive a Form 1099 that shows an incorrect amount (or other incorrect information), you should ask the issuer for a corrected form. Long amended tax return The new Form 1099 you receive will be marked “Corrected. Long amended tax return ” Dividends on stock sold. Long amended tax return If stock is sold, exchanged, or otherwise disposed of after a dividend is declared but before it is paid, the owner of record (usually the payee shown on the dividend check) must include the dividend in income. Long amended tax return Dividends received in January. Long amended tax return If a mutual fund (or other regulated investment company) or real estate investment trust (REIT) declares a dividend (including any exempt-interest dividend or capital gain distribution) in October, November, or December, payable to shareholders of record on a date in one of those months but actually pays the dividend during January of the next calendar year, you are considered to have received the dividend on December 31. Long amended tax return You report the dividend in the year it was declared. Long amended tax return Ordinary Dividends Ordinary (taxable) dividends are the most common type of distribution from a corporation or a mutual fund. Long amended tax return They are paid out of earnings and profits and are ordinary income to you. Long amended tax return This means they are not capital gains. Long amended tax return You can assume that any dividend you receive on common or preferred stock is an ordinary dividend unless the paying corporation or mutual fund tells you otherwise. Long amended tax return Ordinary dividends will be shown in box 1a of the Form 1099-DIV you receive. Long amended tax return Qualified Dividends Qualified dividends are the ordinary dividends subject to the same 0%, 15%, or 20% maximum tax rate that applies to net capital gain. Long amended tax return They should be shown in box 1b of the Form 1099-DIV you receive. Long amended tax return The maximum rate of tax on qualified dividends is: 0% on any amount that otherwise would be taxed at a 10% or 15% rate. Long amended tax return 15% on any amount that otherwise would be taxed at rates greater than 15% but less than 39. Long amended tax return 6%. Long amended tax return 20% on any amount that otherwise would be taxed at a 39. Long amended tax return 6% rate. Long amended tax return To qualify for the maximum rate, all of the following requirements must be met. Long amended tax return The dividends must have been paid by a U. Long amended tax return S. Long amended tax return corporation or a qualified foreign corporation. Long amended tax return (See Qualified foreign corporation , later. Long amended tax return ) The dividends are not of the type listed later under Dividends that are not qualified dividends . Long amended tax return You meet the holding period (discussed next). Long amended tax return Holding period. Long amended tax return You must have held the stock for more than 60 days during the 121-day period that begins 60 days before the ex-dividend date. Long amended tax return The ex-dividend date is the first date following the declaration of a dividend on which the buyer of a stock is not entitled to receive the next dividend payment. Long amended tax return Instead, the seller will get the dividend. Long amended tax return When counting the number of days you held the stock, include the day you disposed of the stock, but not the day you acquired it. Long amended tax return See the examples later. Long amended tax return Exception for preferred stock. Long amended tax return In the case of preferred stock, you must have held the stock more than 90 days during the 181-day period that begins 90 days before the ex-dividend date if the dividends are due to periods totaling more than 366 days. Long amended tax return If the preferred dividends are due to periods totaling less than 367 days, the holding period in the previous paragraph applies. Long amended tax return Example 1. Long amended tax return You bought 5,000 shares of XYZ Corp. Long amended tax return common stock on July 9, 2013. Long amended tax return XYZ Corp. Long amended tax return paid a cash dividend of 10 cents per share. Long amended tax return The ex-dividend date was July 16, 2013. Long amended tax return Your Form 1099-DIV from XYZ Corp. Long amended tax return shows $500 in box 1a (ordinary dividends) and in box 1b (qualified dividends). Long amended tax return However, you sold the 5,000 shares on August 12, 2013. Long amended tax return You held your shares of XYZ Corp. Long amended tax return for only 34 days of the 121-day period (from July 10, 2013, through August 12, 2013). Long amended tax return The 121-day period began on May 17, 2013 (60 days before the ex-dividend date), and ended on September 14, 2013. Long amended tax return You have no qualified dividends from XYZ Corp. Long amended tax return because you held the XYZ stock for less than 61 days. Long amended tax return Example 2. Long amended tax return Assume the same facts as in Example 1 except that you bought the stock on July 15, 2013 (the day before the ex-dividend date), and you sold the stock on September 16, 2013. Long amended tax return You held the stock for 63 days (from July 16, 2013, through September 16, 2013). Long amended tax return The $500 of qualified dividends shown in box 1b of your Form 1099-DIV are all qualified dividends because you held the stock for 61 days of the 121-day period (from July 16, 2013, through September 14, 2013). Long amended tax return Example 3. Long amended tax return You bought 10,000 shares of ABC Mutual Fund common stock on July 9, 2013. Long amended tax return ABC Mutual Fund paid a cash dividend of 10 cents a share. Long amended tax return The ex-dividend date was July 16, 2013. Long amended tax return The ABC Mutual Fund advises you that the portion of the dividend eligible to be treated as qualified dividends equals 2 cents per share. Long amended tax return Your Form 1099-DIV from ABC Mutual Fund shows total ordinary dividends of $1,000 and qualified dividends of $200. Long amended tax return However, you sold the 10,000 shares on August 12, 2013. Long amended tax return You have no qualified dividends from ABC Mutual Fund because you held the ABC Mutual Fund stock for less than 61 days. Long amended tax return Holding period reduced where risk of loss is diminished. Long amended tax return When determining whether you met the minimum holding period discussed earlier, you cannot count any day during which you meet any of the following conditions. Long amended tax return You had an option to sell, were under a contractual obligation to sell, or had made (and not closed) a short sale of substantially identical stock or securities. Long amended tax return You were grantor (writer) of an option to buy substantially identical stock or securities. Long amended tax return Your risk of loss is diminished by holding one or more other positions in substantially similar or related property. Long amended tax return For information about how to apply condition (3), see Regulations section 1. Long amended tax return 246-5. Long amended tax return Qualified foreign corporation. Long amended tax return A foreign corporation is a qualified foreign corporation if it meets any of the following conditions. Long amended tax return The corporation is incorporated in a U. Long amended tax return S. Long amended tax return possession. Long amended tax return The corporation is eligible for the benefits of a comprehensive income tax treaty with the United States that the Treasury Department determines is satisfactory for this purpose and that includes an exchange of information program. Long amended tax return For a list of those treaties, see Table 8-1. Long amended tax return The corporation does not meet (1) or (2) above, but the stock for which the dividend is paid is readily tradable on an established securities market in the United States. Long amended tax return See Readily tradable stock , later. Long amended tax return Exception. Long amended tax return A corporation is not a qualified foreign corporation if it is a passive foreign investment company during its tax year in which the dividends are paid or during its previous tax year. Long amended tax return Readily tradable stock. Long amended tax return Any stock (such as common, ordinary, or preferred) or an American depositary receipt in respect of that stock is considered to satisfy requirement (3) under Qualified foreign corporation , if it is listed on a national securities exchange that is registered under section 6 of the Securities Exchange Act of 1934 or on the Nasdaq Stock Market. Long amended tax return For a list of the exchanges that meet these requirements, see www. Long amended tax return sec. Long amended tax return gov/divisions/marketreg/mrexchanges. Long amended tax return shtml. Long amended tax return Dividends that are not qualified dividends. Long amended tax return The following dividends are not qualified dividends. Long amended tax return They are not qualified dividends even if they are shown in box 1b of Form 1099-DIV. Long amended tax return Capital gain distributions. Long amended tax return Dividends paid on deposits with mutual savings banks, cooperative banks, credit unions, U. Long amended tax return S. Long amended tax return building and loan associations, U. Long amended tax return S. Long amended tax return savings and loan associations, federal savings and loan associations, and similar financial institutions. Long amended tax return (Report these amounts as interest income. Long amended tax return ) Dividends from a corporation that is a tax-exempt organization or farmer's cooperative during the corporation's tax year in which the dividends were paid or during the corporation's previous tax year. Long amended tax return Dividends paid by a corporation on employer securities held on the date of record by an employee stock ownership plan (ESOP) maintained by that corporation. Long amended tax return Dividends on any share of stock to the extent you are obligated (whether under a short sale or otherwise) to make related payments for positions in substantially similar or related property. Long amended tax return Payments in lieu of dividends, but only if you know or have reason to know the payments are not qualified dividends. Long amended tax return Payments shown in Form 1099-DIV, box 1b, from a foreign corporation to the extent you know or have reason to know the payments are not qualified dividends. Long amended tax return Table 8-1. Long amended tax return Income Tax Treaties Income tax treaties the United States has with the following countries satisfy requirement (2) under Qualified foreign corporation. Long amended tax return Australia Indonesia Romania Austria Ireland Russian Bangladesh Israel Federation Barbados Italy Slovak Belgium Jamaica Republic Bulgaria Japan Slovenia Canada Kazakhstan South Africa China Korea Spain Cyprus Latvia Sri Lanka Czech Lithuania Sweden Republic Luxembourg Switzerland Denmark Malta Thailand Egypt Mexico Trinidad and Estonia Morocco Tobago Finland Netherlands Tunisia France New Zealand Turkey Germany Norway Ukraine Greece Pakistan United Hungary Philippines Kingdom Iceland Poland Venezuela India Portugal Dividends Used to Buy More Stock The corporation in which you own stock may have a dividend reinvestment plan. Long amended tax return This plan lets you choose to use your dividends to buy (through an agent) more shares of stock in the corporation instead of receiving the dividends in cash. Long amended tax return Most mutual funds also permit shareholders to automatically reinvest distributions in more shares in the fund, instead of receiving cash. Long amended tax return If you use your dividends to buy more stock at a price equal to its fair market value, you still must report the dividends as income. Long amended tax return If you are a member of a dividend reinvestment plan that lets you buy more stock at a price less than its fair market value, you must report as dividend income the fair market value of the additional stock on the dividend payment date. Long amended tax return You also must report as dividend income any service charge subtracted from your cash dividends before the dividends are used to buy the additional stock. Long amended tax return But you may be able to deduct the service charge. Long amended tax return See chapter 28 for more information about deducting expenses of producing income. Long amended tax return In some dividend reinvestment plans, you can invest more cash to buy shares of stock at a price less than fair market value. Long amended tax return If you choose to do this, you must report as dividend income the difference between the cash you invest and the fair market value of the stock you buy. Long amended tax return When figuring this amount, use the fair market value of the stock on the dividend payment date. Long amended tax return Money Market Funds Report amounts you receive from money market funds as dividend income. Long amended tax return Money market funds are a type of mutual fund and should not be confused with bank money market accounts that pay interest. Long amended tax return Capital Gain Distributions Capital gain distributions (also called capital gain dividends) are paid to you or credited to your account by mutual funds (or other regulated investment companies) and real estate investment trusts (REITs). Long amended tax return They will be shown in box 2a of the Form 1099-DIV you receive from the mutual fund or REIT. Long amended tax return Report capital gain distributions as long-term capital gains, regardless of how long you owned your shares in the mutual fund or REIT. Long amended tax return Undistributed capital gains of mutual funds and REITs. Long amended tax return Some mutual funds and REITs keep their long-term capital gains and pay tax on them. Long amended tax return You must treat your share of these gains as distributions, even though you did not actually receive them. Long amended tax return However, they are not included on Form 1099-DIV. Long amended tax return Instead, they are reported to you in box 1a of Form 2439. Long amended tax return Report undistributed capital gains (box 1a of Form 2439) as long-term capital gains on Schedule D (Form 1040), column (h), line 11. Long amended tax return The tax paid on these gains by the mutual fund or REIT is shown in box 2 of Form 2439. Long amended tax return You take credit for this tax by including it on Form 1040, line 71, and checking box a on that line. Long amended tax return Attach Copy B of Form 2439 to your return, and keep Copy C for your records. Long amended tax return Basis adjustment. Long amended tax return Increase your basis in your mutual fund, or your interest in a REIT, by the difference between the gain you report and the credit you claim for the tax paid. Long amended tax return Additional information. Long amended tax return For more information on the treatment of distributions from mutual funds, see Publication 550. Long amended tax return Nondividend Distributions A nondividend distribution is a distribution that is not paid out of the earnings and profits of a corporation or a mutual fund. Long amended tax return You should receive a Form 1099-DIV or other statement showing the nondividend distribution. Long amended tax return On Form 1099-DIV, a nondividend distribution will be shown in box 3. Long amended tax return If you do not receive such a statement, you report the distribution as an ordinary dividend. Long amended tax return Basis adjustment. Long amended tax return A nondividend distribution reduces the basis of your stock. Long amended tax return It is not taxed until your basis in the stock is fully recovered. Long amended tax return This nontaxable portion is also called a return of capital; it is a return of your investment in the stock of the company. Long amended tax return If you buy stock in a corporation in different lots at different times, and you cannot definitely identify the shares subject to the nondividend distribution, reduce the basis of your earliest purchases first. Long amended tax return When the basis of your stock has been reduced to zero, report any additional nondividend distribution you receive as a capital gain. Long amended tax return Whether you report it as a long-term or short-term capital gain depends on how long you have held the stock. Long amended tax return See Holding Period in chapter 14. Long amended tax return Example. Long amended tax return You bought stock in 2000 for $100. Long amended tax return In 2003, you received a nondividend distribution of $80. Long amended tax return You did not include this amount in your income, but you reduced the basis of your stock to $20. Long amended tax return You received a nondividend distribution of $30 in 2013. Long amended tax return The first $20 of this amount reduced your basis to zero. Long amended tax return You report the other $10 as a long-term capital gain for 2013. Long amended tax return You must report as a long-term capital gain any nondividend distribution you receive on this stock in later years. Long amended tax return Liquidating Distributions Liquidating distributions, sometimes called liquidating dividends, are distributions you receive during a partial or complete liquidation of a corporation. Long amended tax return These distributions are, at least in part, one form of a return of capital. Long amended tax return They may be paid in one or more installments. Long amended tax return You will receive Form 1099-DIV from the corporation showing you the amount of the liquidating distribution in box 8 or 9. Long amended tax return For more information on liquidating distributions, see chapter 1 of Publication 550. Long amended tax return Distributions of Stock and Stock Rights Distributions by a corporation of its own stock are commonly known as stock dividends. Long amended tax return Stock rights (also known as “stock options”) are distributions by a corporation of rights to acquire the corporation's stock. Long amended tax return Generally, stock dividends and stock rights are not taxable to you, and you do not report them on your return. Long amended tax return Taxable stock dividends and stock rights. Long amended tax return Distributions of stock dividends and stock rights are taxable to you if any of the following apply. Long amended tax return You or any other shareholder have the choice to receive cash or other property instead of stock or stock rights. Long amended tax return The distribution gives cash or other property to some shareholders and an increase in the percentage interest in the corporation's assets or earnings and profits to other shareholders. Long amended tax return The distribution is in convertible preferred stock and has the same result as in (2). Long amended tax return The distribution gives preferred stock to some common stock shareholders and common stock to other common stock shareholders. Long amended tax return The distribution is on preferred stock. Long amended tax return (The distribution, however, is not taxable if it is an increase in the conversion ratio of convertible preferred stock made solely to take into account a stock dividend, stock split, or similar event that would otherwise result in reducing the conversion right. Long amended tax return ) The term “stock” includes rights to acquire stock, and the term “shareholder” includes a holder of rights or of convertible securities. Long amended tax return If you receive taxable stock dividends or stock rights, include their fair market value at the time of distribution in your income. Long amended tax return Preferred stock redeemable at a premium. Long amended tax return If you hold preferred stock having a redemption price higher than its issue price, the difference (the redemption premium) generally is taxable as a constructive distribution of additional stock on the preferred stock. Long amended tax return For more information, see chapter 1 of Publication 550. Long amended tax return Basis. Long amended tax return Your basis in stock or stock rights received in a taxable distribution is their fair market value when distributed. Long amended tax return If you receive stock or stock rights that are not taxable to you, see Stocks and Bonds under Basis of Investment Property in chapter 4 of Publication 550 for information on how to figure their basis. Long amended tax return Fractional shares. Long amended tax return You may not own enough stock in a corporation to receive a full share of stock if the corporation declares a stock dividend. Long amended tax return However, with the approval of the shareholders, the corporation may set up a plan in which fractional shares are not issued but instead are sold, and the cash proceeds are given to the shareholders. Long amended tax return Any cash you receive for fractional shares under such a plan is treated as an amount realized on the sale of the fractional shares. Long amended tax return Report this transaction on Form 8949, Sales and Other Dispositions of Capital Assets. Long amended tax return Enter your gain or loss, the difference between the cash you receive and the basis of the fractional shares sold, in column (h) of Schedule D (Form 1040) in Part I or Part II, whichever is appropriate. Long amended tax return Report these transactions on Form 8949 with the correct box checked. Long amended tax return For more information on Form 8949 and Schedule D (Form 1040), see chapter 4 of Publication 550. Long amended tax return Also see the Instructions for Form 8949 and the Instructions for Schedule D (Form 1040). Long amended tax return Example. Long amended tax return You own one share of common stock that you bought on January 3, 2004, for $100. Long amended tax return The corporation declared a common stock dividend of 5% on June 29, 2013. Long amended tax return The fair market value of the stock at the time the stock dividend was declared was $200. Long amended tax return You were paid $10 for the fractional-share stock dividend under a plan described in the discussion above. Long amended tax return You figure your gain or loss as follows: Fair market value of old stock $200. Long amended tax return 00 Fair market value of stock dividend (cash received) +10. Long amended tax return 00 Fair market value of old stock and stock dividend $210. Long amended tax return 00 Basis (cost) of old stock after the stock dividend (($200 ÷ $210) × $100) $95. Long amended tax return 24 Basis (cost) of stock dividend (($10 ÷ $210) × $100) + 4. Long amended tax return 76 Total $100. Long amended tax return 00 Cash received $10. Long amended tax return 00 Basis (cost) of stock dividend − 4. Long amended tax return 76 Gain $5. Long amended tax return 24 Because you had held the share of stock for more than 1 year at the time the stock dividend was declared, your gain on the stock dividend is a long-term capital gain. Long amended tax return Scrip dividends. Long amended tax return A corporation that declares a stock dividend may issue you a scrip certificate that entitles you to a fractional share. Long amended tax return The certificate is generally nontaxable when you receive it. Long amended tax return If you choose to have the corporation sell the certificate for you and give you the proceeds, your gain or loss is the difference between the proceeds and the portion of your basis in the corporation's stock allocated to the certificate. Long amended tax return However, if you receive a scrip certificate that you can choose to redeem for cash instead of stock, the certificate is taxable when you receive it. Long amended tax return You must include its fair market value in income on the date you receive it. Long amended tax return Other Distributions You may receive any of the following distributions during the year. Long amended tax return Exempt-interest dividends. Long amended tax return Exempt-interest dividends you receive from a mutual fund or other regulated investment company, including those received from a qualified fund of funds in any tax year beginning after December 22, 2010, are not included in your taxable income. Long amended tax return Exempt-interest dividends should be shown in box 10 of Form 1099-DIV. Long amended tax return Information reporting requirement. Long amended tax return Although exempt-interest dividends are not taxable, you must show them on your tax return if you have to file a return. Long amended tax return This is an information reporting requirement and does not change the exempt-interest dividends to taxable income. Long amended tax return Alternative minimum tax treatment. Long amended tax return Exempt-interest dividends paid from specified private activity bonds may be subject to the alternative minimum tax. Long amended tax return See Alternative Minimum Tax (AMT) in chapter 30 for more information. Long amended tax return Dividends on insurance policies. Long amended tax return Insurance policy dividends the insurer keeps and uses to pay your premiums are not taxable. Long amended tax return However, you must report as taxable interest income the interest that is paid or credited on dividends left with the insurance company. Long amended tax return If dividends on an insurance contract (other than a modified endowment contract) are distributed to you, they are a partial return of the premiums you paid. Long amended tax return Do not include them in your gross income until they are more than the total of all net premiums you paid for the contract. Long amended tax return Report any taxable distributions on insurance policies on Form 1040, line 21. Long amended tax return Dividends on veterans' insurance. Long amended tax return Dividends you receive on veterans' insurance policies are not taxable. Long amended tax return In addition, interest on dividends left with the Department of Veterans Affairs is not taxable. Long amended tax return Patronage dividends. Long amended tax return Generally, patronage dividends you receive in money from a cooperative organization are included in your income. Long amended tax return Do not include in your income patronage dividends you receive on: Property bought for your personal use, or Capital assets or depreciable property bought for use in your business. Long amended tax return But you must reduce the basis (cost) of the items bought. Long amended tax return If the dividend is more than the adjusted basis of the assets, you must report the excess as income. Long amended tax return These rules are the same whether the cooperative paying the dividend is a taxable or tax-exempt cooperative. Long amended tax return Alaska Permanent Fund dividends. Long amended tax return Do not report these amounts as dividends. Long amended tax return Instead, report these amounts on Form 1040, line 21; Form 1040A, line 13; or Form 1040EZ, line 3. Long amended tax return How To Report Dividend Income Generally, you can use either Form 1040 or Form 1040A to report your dividend income. Long amended tax return Report the total of your ordinary dividends on line 9a of Form 1040 or Form 1040A. Long amended tax return Report qualified dividends on line 9b of Form 1040 or Form 1040A. Long amended tax return If you receive capital gain distributions, you may be able to use Form 1040A or you may have to use Form 1040. Long amended tax return See Exceptions to filing Form 8949 and Schedule D (Form 1040) in chapter 16. Long amended tax return If you receive nondividend distributions required to be reported as capital gains, you must use Form 1040. Long amended tax return You cannot use Form 1040EZ if you receive any dividend income. Long amended tax return Form 1099-DIV. Long amended tax return If you owned stock on which you received $10 or more in dividends and other distributions, you should receive a Form 1099-DIV. Long amended tax return Even if you do not receive Form 1099-DIV, you must report all your dividend income. Long amended tax return See Form 1099-DIV for more information on how to report dividend income. Long amended tax return Form 1040A or 1040. Long amended tax return You must complete Schedule B (Form 1040A or 1040), Part II, and attach it to your Form 1040A or 1040, if: Your ordinary dividends (Form 1099-DIV, box 1a) are more than $1,500, or You received, as a nominee, dividends that actually belong to someone else. Long amended tax return If your ordinary dividends are more than $1,500, you must also complete Schedule B (Form 1040A or 1040), Part III. Long amended tax return List on Schedule B (Form 1040A or 1040), Part II, line 5, each payer's name and the ordinary dividends you received. Long amended tax return If your securities are held by a brokerage firm (in “street name”), list the name of the brokerage firm shown on Form 1099-DIV as the payer. Long amended tax return If your stock is held by a nominee who is the owner of record, and the nominee credited or paid you dividends on the stock, show the name of the nominee and the dividends you received or for which you were credited. Long amended tax return Enter on line 6 the total of the amounts listed on line 5. Long amended tax return Also enter this total on line 9a of Form 1040A or 1040. Long amended tax return Qualified dividends. Long amended tax return Report qualified dividends (Form 1099-DIV, box 1b) on line 9b of Form 1040 or Form 1040A. Long amended tax return The amount in box 1b is already included in box 1a. Long amended tax return Do not add the amount in box 1b to, or substract it from, the amount in box 1a. Long amended tax return Do not include any of the following on line 9b. Long amended tax return Qualified dividends you received as a nominee. Long amended tax return See Nominees under How to Report Dividend Income in chapter 1 of Publication 550. Long amended tax return Dividends on stock for which you did not meet the holding period. Long amended tax return See Holding period , earlier under Qualified Dividends. Long amended tax return Dividends on any share of stock to the extent you are obligated (whether under a short sale or otherwise) to make related payments for positions in substantially similar or related property. Long amended tax return Payments in lieu of dividends, but only if you know or have reason to know the payments are not qualified dividends. Long amended tax return Payments shown in Form 1099-DIV, box 1b, from a foreign corporation to the extent you know or have reason to know the payments are not qualified dividends. Long amended tax return If you have qualified dividends, you must figure your tax by completing the Qualified Dividends and Capital Gain Tax Worksheet in the Form 1040 or 1040A instructions or the Schedule D Tax Worksheet in the Schedule D (Form 1040) instructions, whichever applies. Long amended tax return Enter qualified dividends on line 2 of the worksheet. Long amended tax return Investment interest deducted. Long amended tax return If you claim a deduction for investment interest, you may have to reduce the amount of your qualified dividends that are eligible for the 0%, 15%, or 20% tax rate. Long amended tax return Reduce it by the qualified dividends you choose to include in investment income when figuring the limit on your investment interest deduction. Long amended tax return This is done on the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet. Long amended tax return For more information about the limit on investment interest, see Investment expenses in chapter 23. Long amended tax return Expenses related to dividend income. Long amended tax return You may be able to deduct expenses related to dividend income if you itemize your deductions on Schedule A (Form 1040). Long amended tax return See chapter 28 for general information about deducting expenses of producing income. Long amended tax return More information. Long amended tax return For more information about how to report dividend income, see chapter 1 of Publication 550 or the instructions for the form you must file. Long amended tax return Prev Up Next Home More Online Publications
If you want to reduce the amount of debt, you can do some work on your own. First, develop a realistic budget so you can see your income and expenses in one place and look for ways to save money. You can get help for help in creating a budget online. Also, contact your creditors and inform them that you are having difficulty making payments; they may be able to modify your payment plan.
The Fair Debt Collection Practices Act applies to those who collect debts owed to creditors for personal, family and household debts. These include car loans, mortgages, charge accounts and money owed for medical bills. A debt collector is someone hired to collect money you owe.
Within five days after a debt collector first contacts you, the collector must send you a notice that tells you the name of the creditor, how much you owe, and what action to take if you believe you don't owe the money.
If you owe the money or part of it, contact the creditor to arrange for payment.
If you believe you don't owe the money, contact the creditor in writing and send a copy to the collection agency with a letter telling them not to contact you. A debt collector may not:
Contact you at unreasonable times, for example, before 8 am or after 9 pm, unless you agree.
Contact you at work if you tell the debt collector your employer disapproves.
Contact you after you write a letter telling them to stop, except to notify you if the collector or creditor plans to take a specific action.
Contact your friends, relatives, employer or others, except to find out where you live and work.
Harass you with repeated telephone calls, profane language, or threats to harm you.
Make any false statement, or claim that you will be arrested.
Threaten to have money deducted from your paycheck or sue you, unless the collection agency or creditor intends to do so and it is legal.
To file a complaint, contact your local consumer protection office, Consumer Financial Protection Bureau and the Federal Trade Commission.
Debt Collection Emails
When communicating with consumers through email, debt collectors must observe the Fair Debt Collection Practices Act (FDCPA). It is important for you and creditors or collection agencies to save and store copies of all communication, which will be important if there is as disagreement later.
To take steps towards maintaining privacy, conduct all communications via email using either secure email platforms or industry-specific communication platforms. Never give a workplace email account as a contact address, as there is no legal expectation of privacy for a workplace email account.
Featured Credit Resources
The Long Amended Tax Return
Long amended tax return Internal Revenue Bulletin: 2010-9 March 1, 2010 Rev. Long amended tax return Proc. Long amended tax return 2010-18 Table of Contents SECTION 1. Long amended tax return PURPOSE SECTION 2. Long amended tax return BACKGROUND SECTION 3. Long amended tax return SCOPE SECTION 4. Long amended tax return APPLICATION SECTION 5. Long amended tax return EFFECTIVE DATE SECTION 6. Long amended tax return DRAFTING INFORMATION SECTION 1. Long amended tax return PURPOSE This revenue procedure provides: (1) limitations on depreciation deductions for owners of passenger automobiles first placed in service by the taxpayer during calendar year 2010, 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 2010, including a separate table of inclusion amounts for lessees of trucks and vans. Long amended tax return 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. Long amended tax return SECTION 2. Long amended tax return BACKGROUND . Long amended tax return 01 For owners of passenger automobiles, § 280F(a) imposes dollar limitations on the depreciation deduction for the year the taxpayer places the passenger automobile in service and for each succeeding year. Long amended 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. Long amended 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. Long amended tax return This change reflects the higher rate of price inflation for trucks and vans since 1988. Long amended tax return . Long amended tax return 02 Section 280F(c) requires a reduction in the deduction allowed to the lessee of a leased passenger automobile. Long amended tax return The reduction must be substantially equivalent to the limitations on the depreciation deductions imposed on owners of passenger automobiles. Long amended tax return Under § 1. Long amended 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. Long amended tax return One table applies to lessees of trucks and vans and another table applies to all other passenger automobiles. Long amended 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. Long amended tax return SECTION 3. Long amended tax return SCOPE . Long amended tax return 01 The limitations on depreciation deductions in section 4. Long amended tax return 01(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 2010, and continue to apply for each taxable year that the passenger automobile remains in service. Long amended tax return . Long amended tax return 02 The tables in section 4. Long amended tax return 02 of this revenue procedure apply to leased passenger automobiles for which the lease term begins during calendar year 2010. Long amended 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. Long amended tax return See Rev. Long amended tax return Proc. Long amended tax return 2005-13, 2005-1 C. Long amended tax return B. Long amended tax return 759, for passenger automobiles first leased before calendar year 2006; Rev. Long amended tax return Proc. Long amended tax return 2006-18, 2006-1 C. Long amended tax return B. Long amended tax return 645, for passenger automobiles first leased during calendar year 2006; Rev. Long amended tax return Proc. Long amended tax return 2007-30, 2007-1 C. Long amended tax return B. Long amended tax return 1104, for passenger automobiles first leased during calendar year 2007; Rev. Long amended tax return Proc. Long amended tax return 2008-22, 2008-12 I. Long amended tax return R. Long amended tax return B. Long amended tax return 658, for passenger automobiles first leased during calendar year 2008; and Rev. Long amended tax return Proc. Long amended tax return 2009-24, 2009-17 I. Long amended tax return R. Long amended tax return B. Long amended tax return 885, for passenger automobiles first leased during calendar year 2009. Long amended tax return SECTION 4. Long amended tax return APPLICATION . Long amended tax return 01 Limitations on Depreciation Deductions for Certain Automobiles. Long amended tax return (1) Amount of the inflation adjustment. Long amended tax return (a) Passenger automobiles (other than trucks or vans). Long amended 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. Long amended 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. Long amended tax return The new car component of the CPI was 115. Long amended tax return 2 for October 1987 and 137. Long amended tax return 851 for October 2009. Long amended tax return The October 2009 index exceeded the October 1987 index by 22. Long amended tax return 651. Long amended tax return Therefore, the automobile price inflation adjustment for 2010 for passenger automobiles (other than trucks and vans) is 19. Long amended tax return 66 percent (22. Long amended tax return 651/115. Long amended tax return 2 x 100%). Long amended tax return The dollar limitations in § 280F(a) are multiplied by a factor of 0. Long amended tax return 1966, 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 2010. Long amended tax return This adjustment applies to all passenger automobiles (other than trucks and vans) that are first placed in service in calendar year 2010. Long amended tax return (b) Trucks and vans. Long amended tax return To determine the dollar limitations for trucks and vans first placed in service during calendar year 2010, the new truck component of the CPI is used instead of the new car component. Long amended tax return The new truck component of the CPI was 112. Long amended tax return 4 for October 1987 and 140. Long amended tax return 897 for October 2009. Long amended tax return The October 2009 index exceeded the October 1987 index by 28. Long amended tax return 497. Long amended tax return Therefore, the automobile price inflation adjustment for 2010 for trucks and vans is 25. Long amended tax return 35 percent (28. Long amended tax return 497/112. Long amended tax return 4 x 100%). Long amended tax return The dollar limitations in § 280F(a) are multiplied by a factor of 0. Long amended tax return 2535, and the resulting increases, after rounding to the nearest $100, are added to the 1988 limitations to give the depreciation limitations for trucks and vans. Long amended tax return This adjustment applies to all trucks and vans that are first placed in service in calendar year 2010. Long amended tax return (2) Amount of the limitation. Long amended tax return Tables 1 and 2 contain the dollar amount of the depreciation limitation for each taxable year for passenger automobiles a taxpayer places in service in calendar year 2010. Long amended tax return Use Table 1 for a passenger automobile (other than a truck or van) and Table 2 for a truck or van placed in service in calendar year 2010. Long amended tax return REV. Long amended tax return PROC. Long amended tax return 2010-18 TABLE 1 DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) PLACED IN SERVICE IN CALENDAR YEAR 2010 Tax Year Amount 1st Tax Year $3,060 2nd Tax Year $4,900 3rd Tax Year $2,950 Each Succeeding Year $1,775 REV. Long amended tax return PROC. Long amended tax return 2010-18 TABLE 2 DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2010 Tax Year Amount 1st Tax Year $3,160 2nd Tax Year $5,100 3rd Tax Year $3,050 Each Succeeding Year $1,875 . Long amended tax return 02 Inclusions in Income of Lessees of Passenger Automobiles. Long amended tax return A taxpayer must follow the procedures in § 1. Long amended tax return 280F-7(a) for determining the inclusion amounts for passenger automobiles first leased in calendar year 2010. Long amended tax return In applying these procedures, lessees of passenger automobiles other than trucks and vans should use Table 3 of this revenue procedure, while lessees of trucks and vans should use Table 4 of this revenue procedure. Long amended tax return REV. Long amended tax return PROC. Long amended tax return 2010-18 TABLE 3 DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS) WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2010 Fair Market Value of Passenger Automobile Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th & Later $16,700 $17,000 3 7 10 11 14 17,000 17,500 4 8 13 15 16 17,500 18,000 5 10 16 19 21 18,000 18,500 6 13 18 23 26 18,500 19,000 7 15 22 26 31 19,000 19,500 8 17 25 30 35 19,500 20,000 9 19 29 34 39 20,000 20,500 10 21 32 38 44 20,500 21,000 11 23 35 42 48 21,000 21,500 12 26 38 45 53 21,500 22,000 13 28 41 50 57 22,000 23,000 14 31 46 56 63 23,000 24,000 16 36 52 63 73 24,000 25,000 18 40 59 71 81 25,000 26,000 20 44 66 78 90 26,000 27,000 22 49 71 86 100 27,000 28,000 24 53 78 94 108 28,000 29,000 26 57 85 101 118 29,000 30,000 28 61 92 109 126 30,000 31,000 30 66 97 117 135 31,000 32,000 32 70 104 125 144 32,000 33,000 34 74 111 132 153 33,000 34,000 36 79 117 140 161 34,000 35,000 38 83 123 148 171 35,000 36,000 40 87 130 156 179 36,000 37,000 42 92 136 163 188 37,000 38,000 44 96 143 170 198 38,000 39,000 46 100 149 179 206 39,000 40,000 48 105 155 186 215 40,000 41,000 50 109 162 194 224 41,000 42,000 52 113 169 201 233 42,000 43,000 54 118 174 210 241 43,000 44,000 56 122 181 217 251 44,000 45,000 58 126 188 225 259 45,000 46,000 60 131 194 232 269 46,000 47,000 61 135 201 240 277 47,000 48,000 63 140 207 248 286 48,000 49,000 65 144 213 256 295 49,000 50,000 67 148 220 263 304 50,000 51,000 69 153 226 271 313 51,000 52,000 71 157 232 279 322 52,000 53,000 73 161 239 287 331 53,000 54,000 75 166 245 294 340 54,000 55,000 77 170 252 302 348 55,000 56,000 79 174 258 310 358 56,000 57,000 81 178 265 318 366 57,000 58,000 83 183 271 325 375 58,000 59,000 85 187 278 333 384 59,000 60,000 87 191 284 341 393 60,000 62,000 90 198 294 352 406 62,000 64,000 94 207 306 368 424 64,000 66,000 98 215 320 382 443 66,000 68,000 102 224 332 398 460 68,000 70,000 106 232 346 413 478 70,000 72,000 110 241 358 429 496 72,000 74,000 114 250 371 444 513 74,000 76,000 118 258 384 460 531 76,000 78,000 122 267 396 476 549 78,000 80,000 126 276 409 491 566 80,000 85,000 132 291 432 518 598 85,000 90,000 142 313 464 556 643 90,000 95,000 152 334 497 594 687 95,000 100,000 162 356 528 634 731 100,000 110,000 177 388 577 691 798 110,000 120,000 196 432 641 768 887 120,000 130,000 216 475 705 846 976 130,000 140,000 236 518 770 922 1,065 140,000 150,000 256 561 834 1,000 1,154 150,000 160,000 275 605 898 1,077 1,243 160,000 170,000 295 648 963 1,153 1,333 170,000 180,000 315 691 1,027 1,231 1,421 180,000 190,000 334 735 1,091 1,308 1,510 190,000 200,000 354 778 1,155 1,386 1,599 200,000 210,000 374 821 1,220 1,462 1,688 210,000 220,000 393 865 1,284 1,539 1,777 220,000 230,000 413 908 1,348 1,617 1,866 230,000 240,000 433 951 1,413 1,693 1,956 240,000 and up 453 995 1,476 1,771 2,044 REV. Long amended tax return PROC. Long amended tax return 2010-18 TABLE 4 DOLLAR AMOUNTS FOR TRUCKS AND VANS WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2010 Fair Market Value of Passenger Automobile Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th & Later 17,000 17,500 3 6 9 10 11 17,500 18,000 4 8 12 14 16 18,000 18,500 5 10 15 18 21 18,500 19,000 6 12 19 22 24 19,000 19,500 7 15 21 26 29 19,500 20,000 8 17 25 29 34 20,000 20,500 9 19 28 33 38 20,500 21,000 10 21 31 37 43 21,000 21,500 11 23 35 41 47 21,500 22,000 12 25 38 45 51 22,000 23,000 13 29 42 51 58 23,000 24,000 15 33 49 58 67 24,000 25,000 17 37 56 66 76 25,000 26,000 19 42 62 73 85 26,000 27,000 21 46 68 82 93 27,000 28,000 23 50 75 89 103 28,000 29,000 25 55 81 97 111 29,000 30,000 27 59 88 104 121 30,000 31,000 29 63 94 113 129 31,000 32,000 31 68 100 120 138 32,000 33,000 33 72 107 127 148 33,000 34,000 35 76 114 135 156 34,000 35,000 37 81 119 143 165 35,000 36,000 39 85 126 151 174 36,000 37,000 41 89 133 158 183 37,000 38,000 43 94 139 166 191 38,000 39,000 45 98 145 174 201 39,000 40,000 47 102 152 182 209 40,000 41,000 49 106 159 189 218 41,000 42,000 51 111 164 198 227 42,000 43,000 53 115 171 205 236 43,000 44,000 55 119 178 213 245 44,000 45,000 57 124 184 220 254 45,000 46,000 59 128 190 228 263 46,000 47,000 60 133 197 235 272 47,000 48,000 62 137 203 244 280 48,000 49,000 64 142 209 251 290 49,000 50,000 66 146 216 259 298 50,000 51,000 68 150 223 266 308 51,000 52,000 70 154 229 275 316 52,000 53,000 72 159 235 282 325 53,000 54,000 74 163 242 290 334 54,000 55,000 76 167 249 297 343 55,000 56,000 78 172 254 305 352 56,000 57,000 80 176 261 313 361 57,000 58,000 82 180 268 320 370 58,000 59,000 84 185 274 328 378 59,000 60,000 86 189 280 336 388 60,000 62,000 89 195 291 347 401 62,000 64,000 93 204 303 363 418 64,000 66,000 97 213 315 379 436 66,000 68,000 101 221 329 394 454 68,000 70,000 105 230 341 410 472 70,000 72,000 109 239 354 424 490 72,000 74,000 113 247 367 440 508 74,000 76,000 117 256 380 455 526 76,000 78,000 121 264 393 471 543 78,000 80,000 125 273 406 486 561 80,000 85,000 131 289 428 513 592 85,000 90,000 141 310 461 552 636 90,000 95,000 151 332 492 591 681 95,000 100,000 161 353 525 629 726 100,000 110,000 176 386 573 686 793 110,000 120,000 195 430 637 763 882 120,000 130,000 215 473 701 841 971 130,000 140,000 235 516 766 918 1,059 140,000 150,000 255 559 830 995 1,149 150,000 160,000 274 603 894 1,072 1,238 160,000 170,000 294 646 958 1,150 1,326 170,000 180,000 314 689 1,023 1,226 1,416 180,000 190,000 333 733 1,087 1,303 1,505 190,000 200,000 353 776 1,151 1,381 1,594 200,000 210,000 373 819 1,216 1,457 1,683 210,000 220,000 392 863 1,280 1,534 1,772 220,000 230,000 412 906 1,344 1,612 1,861 230,000 240,000 432 949 1,409 1,689 1,949 240,000 and up 452 992 1,473 1,766 2,039 SECTION 5. Long amended tax return EFFECTIVE DATE This revenue procedure applies to passenger automobiles that a taxpayer first places in service or first leases during calendar year 2010. Long amended tax return SECTION 6. Long amended tax return DRAFTING INFORMATION The principal author of this revenue procedure is Bernard P. Long amended tax return Harvey of the Office of Associate Chief Counsel (Income Tax & Accounting). Long amended tax return For further information regarding this revenue procedure, contact Mr. Long amended tax return Harvey at (202) 622-4930 (not a toll-free call). Long amended tax return Prev Up Next Home More Internal Revenue Bulletins