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U.S. Federal Tax Topics and Related Publications

Cross-Reference

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A

Abandonment of assets | 544

Abroad, tax highlights for U.S. citizens and residents going | 593

Accelerated cost recovery system (ACRS):

Accelerated death benefits | 559

Depreciation | 534

Accident and health plans | 535

Accident insurance, medical expense | 502, 554, 907

Accountable plan | 463, 535

Accounting periods and methods | 538, 552, 911

Accrual method | 538

ACRS recovery tables | 534

ACTION volunteers | 525

Actuarial tables | 939

Adjusted basis (See Basis)

Adjustments to income:

Alimony paid | 504

IRAs (including traditional, Roth & education IRAs), contributions to | 560, 590

Keogh plan, contributions to | 535, 560

Medical savings accounts | 969

Moving expenses | 521

Penalty for early withdrawal of savings | 550

Self-employed health insurance | 502, 535

Self-employment tax | 533, 596, 596SP, 911

Administrators of estates | 559, 950

Adoption assistance programs | 535, 968

Adoption expenses:

Credit for | 968

Medical expenses, before adoption | 502

Advance payments:

Earned income tax credit | 596, 596SP, 926

For sales from services | 538

Advertising expenses | 535

Age 59½ rule | 590

Age 65 or older:

Standard deduction | 501, 554, 929

Tax credit | 524, 554

Air transportation of persons or property, excise tax | 510

Air travel facilities excise tax | 510

Alcohol fuels credit | 378

Aliens:

Spouses | 3

Tax obligations | 3, 519

Tax treaties, U.S. | 901

Visitors to U.S. | 513, 519

Withholding on nonresident | 515

Alimony | 504

Allocated tips | 531

Alternate depreciation system (ADS) | 946

Alternative minimum tax:

Corporations | 542

Farmers | 225

Individuals | 596, 596SP, 929

Amended returns:

Claims for refund | 378, 556

U.S. citizens abroad | 54

Amortization | 535

Bond premium | 529, 535, 550

Start-up costs | 535, 541, 542

Annuities (See also Pensions):

Civil service | 721, 939

Estate and gift taxes | (Forms 706 & 709 instructions)

Joint and survivor | 575, 939

Loans from employer plans | 560, 575

Older persons | 554

Other than civil service | 575, 939

Self-employed | 560

Tax-sheltered | 571

Tax treatment | 554, 575, 939

Variable | 575

Withholding on | 505, 575, 721

Anticipated liabilities | 535

Apartment, condominium, cooperative:

Owner's deductions | 530

Rental of | 527

Sale of | 523

Appeal of erroneous lien | 594, 594SP

Appeal procedures, exempt organizations | 557

Appeal rights and claims for refund | 556

Application procedures, exempt organizations | 557

Appraisals (See Valuation)

Appreciation in value of property:

Charitable donation | 526

Sale of asset | 544

Armed forces:

Alien status | 3

Combat zone compensation | 3

Combat zone forgiveness | 3

Decedents | 3

Dependency exemptions | 3, 501

Earned income tax credit | 3, 596, 596SP

Extension of deadline | 3

Filing returns | 3

Home, sale of | 3, 523

Income taxes on death | 3, 559

Itemized deductions | 3

Moving expenses | 3, 521

Tax liability | 3

Taxable and nontaxable income | 3

Transportation expenses of reservists | 463

Travel expenses | 3, 463

Uniforms | 3, 529

Articles of organization | 557

Assessments for local improvements | 530, 535, 551

Assets (See Property)

Associations:

Investment clubs | 550

At-risk rules | 925

Attorney fee:

Business expenses | 535

Divorce | 504

Investment expense | 550

Personal legal expenses | 529

Automobile expense (See Car expenses)

Aviation fuel, noncommercial, excise tax | 510

Awards and prizes | 525, 535, 911

 

B

Babysitters | 926

Backup withholding | 505, 550

Bad debts:

Business | 529, 535

Nonbusiness | 550

Bankruptcy | 594, 594SP, 908

Bar examination fees | 529

Bargain purchases | 526, 544, 551

Barter income | 525

Basis | 550, 551

Adjusted | 527, 530, 534, 551, 564, 946

Bonds | 550, 551

Cars | 463

Casualty and theft losses | 547, 551

Condemnation | 544

Cost | 551, 564

Gifts | 551, 564

Home | 523, 530

Inherited property | 551, 555, 559, 564

Intangible assets | 551

Mutual funds | 564

Partner's interest in partnerships | 541

Other than cost | 551

Rental property | 527, 551

S corporation stock | (Form 1120-S instructions)

Stocks | 550, 551

Below market loans | 550

Beneficiaries:

Annuity | 575, 721

Estate | 559

Inheritance | 525, 559

IRA | 590

Life insurance | 525

Medical savings accounts | 969

Bequests (See Gifts, bequests, and inheritances)

Billing information | 594, 594SP

Bingo games, exempt organizations | 598

Blindness:

Guide animals | 502

Medical deduction for special schools and equipment | 502

Standard deduction | 501

Blocked income | 54, 520

Blood donations | 526

Board and lodging (See Meals and lodging)

Bona fide residence test | 54

Bonds:

Amortization of premium | 535, 550

Basis | 550, 551

Coupon, stripped | 550, 1212

Discounted (original issue discount (OID)) | 550, 1212

List of original issue discount | 1212

Market discount | 550

Original issue discount (OID) | 550, 1212

State or local | 550

Treasury | 550

U.S. savings | 550

Acquired from decedent | 550, 559

Bonuses:

Direct sellers | 911

Employee | 525

Employer's deduction | 535

Books and records, business | 583, 911

Boycotts, international | 514

Braille materials | 502, 907

Bribes and kickbacks | 535

Brokerage fees | 550, 564

Buildings:

Demolition of | 946

Depreciation of | 946

Sale of | 544

Burglary | 547

Burial expenses (See Funeral expenses)

Buses, highway use tax | (Form 2290)

Business (See also Deductions):

Bad debt | 529, 535

Casualty losses | 547

Expenses | 463, 535, 555, 911

Overseas | 953

Sale of interest | 544

Start-up costs | 535, 541, 542

Taxes | 535, 583, 911

Use of car | 463, 529, 911

Use of home | 529, 587, 911

 

C

Cafeteria plans | 535

Calendars, tax | 509

Calls and puts | 550

Campaign contributions:

Business expense | 535

Received | 525

Canadian tax treaty | 597

Contribution | 526

Cancellation of debt:

Bankruptcy | 908

Effect on basis | 551

Farmers | 225

Income | 525

Insolvency | 908

Qualified real property business indebtedness | 334

Cancellation of lease | 521, 544

Capital assets (See Property)

Capital construction fund for Commercial fishermen | 595

Capital contributions | 542

Capital expenditures:

Basis | 551, 946

Business | 535, 911

Medical expense | 502

Capital gain distributions | 550, 564, 929

Capital gains and losses (See Gains and losses)

Capitalizing expenses | 535, 911

Car expenses:

Business | 463, 535, 911

Car pool | 463, 525

Charitable | 463, 526

Depreciation | 463, 946

Education | 508

Medical | 502

Moving | 521

Carrybacks and carryovers:

Capital loss | 536, 544, 550, 564

Charitable contributions | 526

Foreign tax credit | 514

General business credit | 225, 334

Investment interest expense | 550

Net operating loss | 536

Termination of estate | 559

Carrying charges:

Capitalizing | 535

Straddles | 550

Cash method of accounting | 538

Cash or deferred arrangements | 575

Cash transactions over $10,000 | 1544, 1544SP

Casualty losses, nonbusiness | 547

Workbook | 584, 584SP

Cellular telephones | 529, 535, 946

Cemetery, contribution for | 526

Certificates of compliance (See Sailing permit)

Charitable contributions (See Contributions)

Charitable deductions, estate and gift taxes | (Forms 706 & 709 instructions)

Chemicals excise tax | 510

Child:

Credit for care of | 503

Divorced or separated parents | 504

Exclusion of dependent care assistance benefits for care of | 503

Exemptions | 501

Support payments | 504, 594, 594SP

Tax credit | 17

Tax rules | 929

Christian Science practitioners | 502, 517

Circulation expenses | 535

Citizens abroad | 54, 593

Civil service annuities:

Community property | 555

Disability annuity | 721

Retirement annuity | 721

Survivors | 721

Claim procedures | 3, 378, 556, 594, 594SP

Clean-fuel vehicle property | 535, 551

Cleaning and laundry expenses:

Business expense when traveling | 463

Work clothes | 529

Clergy:

Earned income tax credit | 596, 596SP

Income | 517, 525

Self-employment tax | 15-A, 517, 533, 596, 596SP

Social security | 15-A, 517

Closing costs | 523, 530, 551

Clothes, work | 526, 529

Club dues | 463, 529, 535

Collection of income, expenses of | 529, 550

Collection process:

Income tax accounts | 594, 594SP

Employment tax accounts | 594, 594SP

Your rights | 1, 1SP, 594, 594SP

Collateralized debt obligations | 938 (Available only on the IRS electronic bulletin board and the Internet)

Combat zone:

Compensation exclusion | 3

Decedents | 3

Extension of deadline | 3

Filing returns | 3

Telephone excise taxes | 510

Commercial fishermen | 595

Commissions | 525

Brokers | 550, 590

Direct sellers | 911

Sale of home | 523

Commitment fees | 535

Communications excise tax | 510

Community income and property | 504, 555

Commuting | 463, 529

Compensation | 15-A, 525, 535, 560, 590

Damages | 525

Unemployment | 525

Compete, agreement not to | 535, 544, 946

Computer, home | 529

Condemnations | 523, 544

Condominiums | 527

Conservation contribution, qualified | 561

Contributions:

Appreciated property | 526, 561

Capital | 542

Charitable:

Corporation | 542

Estates | 559 (Forms 706 & 709 instructions)

Individuals | 526

Noncash | 526, 561

Partnership | 541

Retirement plans (including IRAs) | 535, 560, 590

Valuation | 561

Convention expenses | 463, 526

Conversion to rental property:

Personal home | 523, 527, 551

Cooperatives:

Interest payments | 530, 936

Owner's deductions | 530

Rental | 527

Copyrights:

Basis | 551

Depreciation | 946

Sale of | 544

Corporations | 542

Corporations electing to be S corporations | (Form 1120-S instructions)

Corporations, small business stock losses | 550

Cosmetic surgery | 502

Cost annuity | 575, 721, 939

Cost depletion | 535

Cost-of-living allowance | 525

Cost of goods sold | 334, 911

Court, appeal to after examination | 556

Convenant not to compete (See Compete, agreement not to)

Credits:

Adoption | 968

Alcohol fuel | 378

Aviation fuels | 378

Child and dependent care | 503

Child tax credit | 17

Diesel fuel | 378

Disability, permanent and total | 524

Earned income | 3, 555, 596, 596SP

Elderly, for | 524, 554

Electric vehicle | 535

Estimated tax | 505

Foreign tax | 514

Gasoline tax | 378

General business | 225, 334

Mortgage interest | 530, 936

Prior year minimum tax | 542

Railroad retirement tax, overpaid | 505

Social security tax, overpaid | 505

Special motor fuels | 378

Student credits - Hope, lifetime learning | 970

Unified, estate and gift taxes | (Forms 706 & 709 instructions)

Withholding tax | 505

Crops, unharvested | 225

Cruise ship, conventions | 463

Custodial fees | 529, 550

Custodial parent | 501, 504

Custody | 501, 504

 

D

Damaged property | 334, 547

Damages:

Compensation for | 525

Medical expenses | 502

Severance | 334, 544

Danger pay | 516

Day care facility | 587

Deaf, guide dogs for | 502

Death benefit exclusion | 525, 559, 575, 721, 939

Death benefits | 525

Debt-financed income or property | 598

Debts:

Bad debts | 535, 547, 550

Canceled | 334, 525, 551, 908

Decedents | 3, 559, 950

Medical expenses | 502, 559

Declining balance depreciation | 534, 946

Deductions:

Amortization | 535

Bad debts:

Business | 535

Nonbusiness | 529, 550

Business use of home | 529, 587, 911

Car expenses | 463, 911

Casualty losses | 527, 547

Charitable contributions | 526, 561

Community property | 555

Convention expenses | 463

Corporations | 542

Dental expenses | 502

Depletion | 535

Depreciation | 527, 534, 911, 946

Disaster area losses | 547

Dividends received | 542

Domicile | 555

Educational assistance exclusion | 508

Educational expenses | 3, 508, 529, 970

Employee benefit programs | 535

Employees | 463, 529

Employee's pay | 535

Entertainment expenses | 463

Meals and entertainment | 535, 911

Estate tax | 950

Expenses of producing income | 529, 550

Final income tax return of decedent | 559

Fines:

Business | 535

Personal | 529

Foreign housing costs | 54

Foreign income taxes | 514

Fringe benefits | 525, 535

Gambling losses | 525, 529

Gift expenses | 463, 911

Home leave | 516

Home mortgage interest deduction | 530, 936

Income, expenses of producing | 529, 550

Interest expenses | 535, 550, 911, 936

Investment expenses | 550, 564

IRA contributions | 590

Itemized deductions, recovery of | 525

Keogh plan contributions | 560

Legal expenses:

Business | 535

Divorce | 504

Personal | 504, 529

Meals and lodging furnished to employees | 535, 595

Medical expenses | 502, 535, 554

Medical savings accounts | 969

Miscellaneous | 529

Moving expenses | 3, 521, 554

Partnerships | 541

Pension plan, contributions to | 535, 560, 575

Personal exemptions | 501

Rental expenses | 527

Section 179 expense | 946

Self-employed health insurance | 502, 535, 541

Standard | 501

Taxes | 334, 530, 535, 911

Thefts | 334, 547

Travel, transportation | 3, 463, 595, 911

Deferrals, elective | 560, 571, 575, 590

Demonstrators | 911

Dental expenses | 502

Departing aliens | 513, 519

Dependent care assistance programs | 503, 535

Dependent care credit | 503

Dependents | 3, 501, 504

Medical expenses of | 502

Rules for children and | 929

Social security numbers | 501

Depletion | 535

Deposits:

Corporate taxes | 542

Due dates | 509

Employment taxes | 15

Excise taxes | 510

Frozen | 550, 590

Loss on | 529, 547, 564

Depreciation, depreciable property:

Accelerated cost recovery system

(ACRS) | 527, 534

Basis | 527, 551, 946

Car | 463, 946

Home, business use | 587, 911

Home, rental use | 527

Methods | 534, 946

Modified accelerated cost recovery system (MACRS) | 463, 527, 946

Recapture | 544

Sale of depreciable property | 544

Destruction of property | 547

Determination letters:

Employee benefit plans | 560

Exempt organizations | 557

Development expenses for oil, gas, and geothermal wells | 535

Diesel fuel credit | 378

Diesel fuel excise tax | 510

Direct sellers | 911

Directors' fees | 525

Disability:

Civil service retirement | 721

Income | 525

Persons with a | 502

Tax credit for | 524, 554

Disabled dependent care | 502, 503

Disaster area losses | 547

Workbook | 584

Disclosures required | 557, 590

Discount, original issue | 550, 1212

Dispositions:

Depreciable property | 544, 946

Installment obligations | 537

Mutual funds | 564

Partner's interest | 541

Passive activity | 925

Distributions:

Capital gains | 564

Corporate | 542, 550

Estates | 559

Individual retirement arrangements (IRAs) | 554, 590

Medical savings accounts | 969

Mutual funds | 564

Partnership | 541

Retirement plans | 575, 721

S corporations | (Form 1120-S instructions)

Dividends | 542, 550 | 564

Capital gains | 564

Children's | 929

Estate | 559

Exempt - interest | 564

Mutual fund | 564

Received, deduction for corporations | 542

Reinvestment of | 550, 564

S corporations | (Form 1120-S instructions)

Divorced taxpayers | 504

Exemptions | 501, 504

Individual retirement arrangement transfer | 590

Doctors, medical | 502

Domestic help | 503, 926

Donations (See Contributions)

Donee information return | 557

Drilling expenses for oil, gas, and geothermal wells | 535

Drug expenses | 502

Dual status tax year | 519

Due dates | 509

Due diligence | 972

Dues | 529, 535

 

E

Earned income:

Advance payment | 596, 596SP

Filing requirements, dependents | 501, 929

Foreign | 54

Tax credit | 3, 596, 596SP

Earnings and profits | 542

Easement | 544

Contribution of | 561

Effect on basis | 551

Economic performance rule | 538

Education:

Expenses | 3, 508, 529, 535

Savings bond program | 550

Scholarships and fellowships | 520

Student credits - Hope, lifetime learning | 970

Elderly persons:

Sale of home | 523, 554

Tax credit for | 524, 554

Elective deferrals | 560, 571, 590

Electric vehicle tax credit | 535, 551

Embezzlement | 547

Employee benefit programs | 535, 560

Employee expenses | 463, 529

Car | 463

Home | 587

Employees, defined | 15-A

Employees' pay | 535

Employer identification number (EIN) | 583, 911, 926

Employer-paid Accident and health insurance | 535

Adoption expenses | 535

Dependent care | 503, 535

Education | 508, 535, 970

Life insurance | 535

Employment abroad:

U.S. citizens | 54

U.S. government civilians | 516

U.S. possessions | 570

Employment agency fees | 529

Employment taxes:

Collection process | 594

Collection process (Spanish) | 594SP

Employer information | 15, 583, 911, 926

Exempt organizations | 15-A

Household employees | 503, 926

Empowerment zones | 594

Endowment insurance proceeds | 525

Enterprise communities | 954

Entertainment expenses | 463, 535

Environmental cleanup costs | 535, 954

Environmental excise taxes | 510

ERISA, identification numbers under | 1004

Estate and gift taxes | 950 (Forms 706 & 709 instructions)

Annual exclusion | 950

Basis | 559

Disclaimers | (Forms 706 & 709 instructions)

Divorced or separated | 504

Filing requirements | 559, 950

Interrelated computations | 904

Marital deduction | 950

Unified credit | 950

Unified rate schedule | (Forms 706 & 709 instructions)

Valuation methods | (Forms 706 & 709 instructions)

Estates and trusts, income from | 525, 559

Estimated tax:

Corporations | 542

Exempt organizations | 598

Farmers | 225

Fishermen | 595

Individual | 505, 520, 911

Nonresident aliens | 519

Examination of returns | 556

Your rights | 1, 1SP

Excess accumulations, IRA | 590

Excess contributions, IRA | 590

Exchanges of property (See Property and Sales and Exchanges)

Excise taxes | 510

Medical savings accounts | 969

Exclusion of:

Employer-provided dependent care | 503, 535

Employer-provided educational assistance | 508, 535

Gain on sale of home | 523

Income earned abroad | 54, 593

U.S. possessions | 570

Executors of estates | 559

Exempt income | 525

Exempt-interest dividends | 550, 564

Exempt organizations | 557

Application procedures | 557

Filing requirements | 557

Income from unrelated business | 598

Exemption from withholding | 505

Exemptions | 3, 501, 554

Expenses (See particular type of expense):

Accrual method | 538

Business | 535, 911

Going into business | 535, 541, 542

Car | 463

Cash method | 538

Condemnation award, securing | 544

Decedent, in respect of | 559

Employee | 463

Exploration, mineral deposits | 535

Foreign housing costs | 54

Income-producing | 529, 550

Inventory | 911

Investment | 550

Personal | 529, 911

Receipts | 552

Recovery of | 525

Rental | 527

Extension of time to file tax return:

Corporations | 542

Estate | (Forms 706 & 709 instructions)

Fiduciary | 559

Gift | (Forms 706 & 709 instructions)

Income | 4, 501, 929

Living abroad | 54

Members of armed forces | 3

Partnerships | 541

S corporations | (Form 1120-S instructions)

 

F

Fair market value:

Charitable contributions | 526, 561

Defined | 526, 527, 537, 544, 551, 561, 946

Mutual funds | 564

Valuation | 561

Family:

Employees | 15, 225, 926

Partnerships | 541

Related persons | 544, 550, 946

Farmers and farming | 225

Estimated tax | 225, 505

Federal employees compensation act (FECA) payments | 525, 721

Federal employees overseas | 516

Federal insurance contributions act (FICA) | 517

Clergy and religious workers | 517

Federal retirees | 721

Federal retirees, disabled | 721

Federal unemployment tax (FUTA) | 15, 926

Fees:

Appraisal | 526, 529, 547, 561

Check-writing | 529

Club membership | 463, 529,535

Commitment | 535

Custodial | 529, 550, 564

Directors' | 525

Legal | 529, 535

License and regulation | 535

Personal services | 525

Service, broker | 529, 550, 564

Fellowships | 520

Fiduciaries | 559

Filing requirements:

Age 65 or over | 501, 554, 915

Corporations | 542

Dependents | 501, 929

Employee benefit plans | 1004

Estates | (Forms 706 & 709 instructions)

Excise taxes | 510

Exempt organizations | 557, 598

Gift taxes | (Forms 706 & 709 instructions)

Information returns | 911

IRA | 590

Partnerships | 541

S corporations | (Form 1120-S instructions)

Filing status | 501, 554

Final return, individual | 559

Fines | 529, 535

Fire losses | 527, 547

First-in first-out (FIFO) inventory method | 538, 911

Fishermen, commercial | 595

Fishing expenses | 595

Five-year or ten-year tax options, pension lump-sums | 575

Fixing-up expenses, home | 523

Flood losses | 547

Foreclosures | 544

Foreign:

Convention expenses | 463

Corporations, withholding on | 515

Earned income | 54

Employer | 525

Income taxes | 514

Moving expenses | 3, 54, 521

Person, disposition of U.S. real property by a | 515

Service representation and official residence expenses | 516

Tax credit | 514

Visitors to the United States | 513, 519

Franchises | 535, 544, 551

Fraternal societies, contributions to | 526

Fringe benefits | 525, 535

Withholding | 15-A, 505

Fuel tax credit or refund | 378, 595

Fulbright grants | 54, 520

Funeral expenses:

Estates | 559

Individuals | 502, 529

 

G

Gains and losses | 544, 550

Basis | 550, 551

Capital gain distributions | 550, 564

Casualty losses | 527, 547

Condemnation | 544

Corporations | 542

Depreciable property | 544

Employee stock options | 525

Estate | 559

Investment property | 550

Liquidating dividends | 550

Loss on savings deposits | 529, 550

Mutual funds | 564

Nonresident aliens | 519

Partner's interest | 541

Rental property | 527

S corporations | (Form 1120-S instructions)

Sale of assets | 544, 550

Sale of home | 523, 554

Stock options | 550

Theft losses | 527, 547

Gambling winnings and losses | 525, 529

Withholding requirements, winnings | 505, 515

Gas guzzler excise tax | 510

Gasohol tax and credit | 378, 510

Gasoline excise taxes | 510

Gasoline tax, credit or refund | 378

General business credit | 225, 334

General depreciation system (GDS) | 527, 946

General rule, annuities | 939

Gift expenses | 463, 911

Gift tax (See also Estate and gift taxes) | 504, 950

Gifts, bequests, and inheritances | 559, 950

Basis | 551, 559

Business | 463

Depreciable property | 544

Exclusion from income | 525

Home | 523

Mutual funds | 564

Partnership interest | 541

Property received as | 559

Survivor annuities | 559, 575

Going-into-business expenses | 535, 541, 542

Goodwill:

Amortization | 535, 946

Basis | 551

Depreciation | 534, 946

Partnership | 541

Sale of | 544

Government officials | 529

Grants | 520

Gross estate | (Forms 706 & 709 instructions)

Gross income test, dependents | 501

Gross profit on sales | 911

Gross profit percentage | 537

Ground rent | 530, 936

Group exemption letter | 557

Group health plans | 535

Group-term life insurance | 525, 535

Guaranteed payments to partners | 541

Guaranteed annual wage | 525

Guide dogs for the blind and deaf | 502, 554

 

H

Health insurance | 502, 535, 554, 969

Hearing aids | 502

Highlights of tax changes | 553

Highway heavy motor vehicle use tax | (Form 2290)

Holding period | 523, 544, 550

Home:

Business use of | 529, 587, 911

Changed to rental | 527, 551, 946

Computer | 529

Construction | 523

First-time owner's deductions | 530

Main | 523

Mortgage interest deduction | 530, 936

Purchase | 530

Repairs and improvements | 530

Sale of | 3, 523

Tax | 463

Hope credit | 970

Hospital insurance (See Social Security)

Hospitalization | 502, 554

Household employers | 503, 926

Housekeeper, child care | 503, 926

Housing allowances | 525

H.R. 10 plans | 560

 

I

Identification numbers:

Adoption | 501, 968

Aliens | 501, 519

Employer | 225, 334, 583, 911, 926

ERISA | 1004

Social security | 501

Impairment related | 529

Importers, excise taxes | 510

Improvements and repairs:

Assessments for | 527, 530

Business property | 535

Depreciation | 946

Home | 530

Rental property | 527

Selling home | 523

Inclusion amount | 463

Income (See particular type of income) | 525

Accrual of | 538

Advance income | 538

Alimony | 504

Clergy | 517, 525

Collection process | 594

Collection process (Spanish) | 594SP

Combat zone compensation | 3

Constructive receipt | 525, 538

Corporate | 542

Cost of goods sold | 334, 538, 911

Decedent, in respect of | 3, 559

Disability | 525, 554, 907

Effectively connected with U.S. trade or business | 519

Foreign source | 54

Investment | 550

Leasing a car | 911

Miscellaneous | 525

Mutual fund distributions | 564

Nontaxable | 3, 525, 554

Other than cash | 525

Partnership | 541

Railroad retirement benefits | 525, 554, 915

Recapture of depreciation | 537, 544, 946

Rental | 527

S corporations | (Form 1120-S instructions)

Social security benefits | 525, 554, 915

Taxable | 3, 525

Taxes on death | 3, 559

Tips | 531, 1244

Unemployment compensation | 525

Unrelated business, exempt organization | 598

When included | 538

Income tax withholding | 505, 515

Indebtedness (See Debts)

Indefinite assignment | 463, 970

Individual retirement arrangements (IRAs) | 3, 535, 554, 590, 970

Inheritance (See Gifts, bequests, and inheritances)

Innocent spouse relief | 971

Installment:

Agreements | 594, 594SP

Obligations, disposition of | 537

Payments, estate tax | (Forms 706 & 709 instructions)

Payments, highway use tax | (Form 2290)

Sales | 537

Insurance:

Accident and health | 535

Beneficiaries | 559

Business, deductible and nondeductible premiums | 535

Casualty losses | 547

Employer-financed | 525

Estate tax | (Forms 706 & 709 instructions)

Foreign insurer, excise tax | 510

Group-term life | 525, 535

Home | 529

Interest on policy | 550

Life | 525, 529, 535, 554

Malpractice | 529

Medical | 502, 535, 554

Medical for self-employed | 502, 535, 554, 596, 596SP

Proceeds, life | 525

Thefts | 547

Interest income:

Below-market loans | 525, 550

Children's | 929

Education savings bond program | 550, 970

General | 550, 554

Original issue discount (OID) | 550, 1212

Unstated | 537

Interest expense:

Below-market interest rate loans | 535

Business | 535, 911

Capitalization of | 535

Home mortgage | 530, 936

Limit on home mortgage interest | 936

Investment | 550, 564

Prepaid interest | 530, 535

Shared appreciation mortgage (SAM) | 936

Unstated | 537

International air travel facilities, excise tax | 510

International boycott | 514

International business | 953

Interrelated computations, estate and gift taxes | (Form 706 supplement)

Interview expenses:

Business | 535

Reimbursed | 525

Inventories | 538, 911

Substantially appreciated in value | 541

Uniform capitalization rules | 538

Investment:

Annuity contract | 575

Clubs | 550

Counsel fees | 550, 564

Income and expenses | 550, 564, 929

Interest | 550, 564

Property | 550

Investigation, crime | 529

Involuntary conversions | 544, 547, 551

Itemized deduction recoveries | 525

 

J

Job:

Expenses of looking for a new job | 529

Interview | 535

Moving expenses | 521, 535

Transportation expenses | 463, 911

Travel expenses | 463, 911

Work opportunity credit | 334

Joint and survivor annuities | 575, 939

Joint interests, gross estate | (Forms 706 & 709 instructions)

Joint return:

Decedent and surviving spouse | 3, 501, 559

Filing | 501

Nonresident aliens | 3, 519

Signing | 501

Jury duty fees | 525

 

K

Keogh plans | 535, 560

Kickbacks | 535

 

L

Land (See Real property)

Last-in first-out (LIFO) inventory method | 538, 911

Leases | 535

Cancellation | 521

Cars | 463, 911

Leveraged | 535

Legal expenses (See Attorney fee)

Letters, memoranda, etc. | 544

Levy | 594, 594SP

Liabilities:

At-risk rules | 925

Contested | 535, 538

Partnership | 541

Release from | 525

License fees | 529

Lien | 594, 594SP

Lifetime learning credit | 970

Like-kind exchanges | 544, 550, 551

Limits:

Business meals and entertainment | 463

Casualty, disaster, theft loss deductions | 547

Charitable contribution deductions | 526

Depreciation of business car | 463

Home mortgage interest deduction | 936

IRA contributions and deductions | 590

Liquidation:

Distributions in | 550

Partner's interest | 541

Listed property | 534, 946

Cars | 463, 946

Livestock, raised | 225

Loan origination fees (points) | 530, 535, 551, 936

Loans, interest on:

Below market | 525, 535, 542, 550

Business expense | 535, 911

Lobbying expenses | 529, 535

Exempt organizations | 557

Lockout and strike benefits | 525

Lodging and meals furnished to employees | 535

Long-term care | 502

Long-term gains and losses | 550, 564

Losses:

Abandonment | 544, 946

At-risk limits | 925

Bad debt | 535, 550

Business expenses | 535

Business property | 544

Casualty | 547

Condemnations | 544

Deposits | 529, 547, 550

Disaster | 547

Workbook | 584

Estate | 559

Exchange of property | 544, 550, 551

Gambling | 529

Home, sale of | 523

Involuntary conversions | 544, 547, 551

IRA investments | 590

Mutual funds | 564

Net operating | 536

Options | 550

Partnerships | 541

Passive activity limits | 925

Recovery in later year | 525, 547

Related party transactions | 550

Rental | 527

Reporting | 544, 547, 550

S corporations | (Form 1120-S instructions)

Sales and other dispositions | 544, 550, 564

Section 1231 | 544

Section 1244 stock | 550

Small business corporation | 550

Straddles | 550

Thefts | 547

Wash sales rules | 550

Worthless securities | 550

Lost property | 547

Lump-sum payments:

Civil service annuities | 721

Employees' plan | 554, 575

Retirement annuities | 554, 575

Rollover, tax-free | 575, 590

Special 5-year or 10-year tax options | 575

Wages | 525

Withholding on | 505

Luxury excise taxes | 510

 

M

MACRS percentage tables | 946

Main home | 523

Maintenance of household:

Child and dependent care | 503

Divorced or separated | 504

Exemptions | 501

Head of household | 501

Household employer | 926

Manufacturing:

Excise taxes | 510

Marital deduction, estate and gift taxes | (Forms 706 & 709 instructions)

Market discount bonds | 550

Meals and lodging:

Business travel | 463, 535, 911

Charitable travel | 526

Furnished to employees | 535, 595

Medical expenses | 502, 554

Moving expenses | 3, 521, 535

Per diem rates | 1542

Standard meal allowance | 463

Taxability of reimbursements | 3, 525

Medical savings accounts | 969

Medical reimbursement plans | 535

Medical expenses | 502, 554, 934

Decedent | 502, 559

Guide dogs for blind and deaf | 502, 554

Insurance for self-employed | 502, 535, 554

Medical savings accounts | 559, 969

Medicare | 502, 554

Reimbursement | 502

Schools, special | 502

Medical savings accounts | 535, 969

Medicare tax (See Social security)

Memberships, club dues | 463, 529, 535

Mileage allowances:

Business car | 463, 535, 911

Charitable contributions | 526

Medical expenses | 502, 554

Moving expenses | 521

Military personnel (See Armed forces)

Mines | 535

Minimum distributions:

IRAs | 590

Retirement plans | 575

Minimum tax credit | 542

Ministers (See Clergy)

Miscellaneous deductions | 529

Modified accelerated cost recovery system (MACRS) | 946

Mortgage assistance payments | 525, 936

Mortgage credit certificates | 530

Mortgaged property:

Contribution of | 526

Sale of | 544

Mortgages:

Basis | 551

Installment sales, assumed | 537

Interest deduction, home | 530, 936

Property exchanged, effect on | 544

Motor fuels excise tax | 510

Motor vehicle, excise tax | 510

Moving expenses | 3, 521, 535

Foreign move | 3, 54, 516, 521

Multiple support agreement | 501

Municipal bonds | 550

Musical compositions, sale of | 544

Mutual funds | 550, 564

 

N

Net operating losses | 536

Nonaccountable plan | 463, 535

Nonbusiness bad debt | 550

Noncommercial aviation fuel, excise tax | 510

Nondeductible contributions:

IRAs | 590

Keogh plans | 560

Nonresident aliens | 3, 513, 519, 559

Joint return | 519

Withholding on | 515

Nonresident U.S. citizens | 54, 593

Nontaxable exchanges | 544, 550

Nontaxable income | 525, 554

Notes, interest on | 550

Nursing services | 502, 554

 

O

Offers in compromise | 594, 594SP

Office expenses | 535

Office in home | 529, 587, 911

Oil and gas property:

Depletion | 535

Drilling and development expenses | 535

Operating loss, net | 536

Operation desert shield/storm:

Combat zone compensation exclusion | 3

Decedents | 3

Extension of deadline | 3

Filing returns | 3

Options | 525, 550

Employee stock | 525

Stock | 550

Original issue discount (OID) | 550, 1212

Original issue discount obligations, list of | 1212

Out-of-pocket expenses, contributions | 526

Overseas:

Business | 953

Citizens and residents, U.S. | 54

Government, U.S., civilian employees | 516

Possessions, U.S. | 570

Scholars | 520

Tax highlights, citizens and residents | 593

Ozone-depleting chemicals excise tax | 510

 

P

Paid-in capital | 542

Parking fees and tolls | 463

Partial liquidation (See Liquidation)

Partners and partnerships | 541

Passive activities | 925

Patents, depreciation | 946

Payments:

Beneficiaries, to | 559

Cash, large | 1544, 1544SP

Employee plans | 535, 560

Installment | 537, 594, 594SP

Large cash | 1544, 1544SP

Procedures | 594, 594SP

Peace Corps | 516, 525

Penalties:

Accuracy related | 550, 911

Business | 594

Deductibility | 535

Early withdrawal of savings | 550

Estimated tax | 505

Failure to file | 911

Failure to pay | 911

Failure to report large cash payment | 1544, 1544SP

Filing late | 510, 594, 594SP

Frivolous return | 911

Information reporting | 911

IRAs (including traditional, Roth, and education IRAs) | 590

Overstating the value of donated property | 561

Paying late | 510, 594, 594SP

Tax deposits not made | 510, 594, 594SP

Trust fund recovery | 594, 594SP

Underpayment of tax | 505

Pensions:

Civil service | 721, 939

Loans from employer plans | 554, 560, 575

Lump-sum distributions | 554, 575, 590, 721

Other than civil service | 575, 939

Self-employed, retirement plans for the | 560

SIMPLE retirement plans | 560, 590

Simplified employee | 535, 560, 590

Small business, retirement plans for | 560

Taxation of | 554, 575, 939

Withholding on | 15-A, 505, 575, 721

Percentage depletion | 535

Per diem allowances | 463, 535, 1542

Performing artists | 529

Periodic payments, alimony | 504

Permanent and total disability:

Credit | 524, 554

Defined | 524

Personal exemption | 501, 554

Personal injury, damages | 502, 525

Personal property:

Depreciation | 534, 946

Installment sales | 537

Repossessions | 537

Sale of | 544

Section 1245 | 544

Physical presence test | 54

Points | 521, 523, 530, 535, 551, 936

Political contributions | 529, 535

Pollution control facilities | 535

Possessions, U.S., exclusion for citizens in | 570

Post differentials | 516

Power of attorney | 556, 947

Practice before the IRS | 947

Premature distributions:

IRA | 554, 590

Keogh plan | 560

Pension plan | 575

Premium, bond amortization | 535, 550

Prepaid

Expenses | 535, 538

Interest | 535, 936

Medical insurance | 502, 554

Present value, annuity | 575, 721

Privacy act notice | 594, 594SP

Private foundations | 557

Prizes and awards | 525, 911

Problem resolution program (PRP) | 1, 1SP, 17, 225, 334, 594, 594SP

Professional expenses | 529

Prohibited transactions | 560, 590

Prompt assessment, request for | 559

Property:

Abandoned | 523, 544, 946

Appreciation in value | 544

Assessments | 535

Basis | 551, 946

Business, sale of | 544

Business use, partial | 463, 587

Capital assets | 544, 550

Casualty losses | 547

Charitable contributions | 526, 561

Community | 555

Condemned | 544

Depletion | 535

Depreciable | 534, 946

Donated | 526, 561

Estate | Form 706 instructions, 559

Exchanges | 544, 550, 551

Gifts | (Forms 706 & 709 instructions)

Inherited | 544, 551, 559

Installment sales | 537

Intangible | 544, 551, 946

Investment | 550

Involuntary conversion | 544, 547, 551

Leased | 535, 946

Cars | 463

Like-kind | 544, 550

Received for services | 525

Recovery property, percentage tables | 534, 946

Rental | 527

Repossessions | 523, 537, 544

Sales and exchanges | 544, 550

Section 179 | 946

Section 1231 gains and losses | 544

Section 1244 stock | 550

Section 1245 | 544

Section 1250 | 544

Section 1256 contracts | 550

Settlements | 504

Taxes | 535

Theft losses | 547

Prosecution, crime | 529

Protective clothing | 529

Protest, written, after examination | 556

Public assistance payments | 525

Public safety officer's benefits | 525, 559

Puts and calls | 550

 

Q

Qualified domestic relations order (QDRO) | 504, 590

 

R

Railroad retirement benefits | 525, 554, 575, 915

Real estate investment trust (REIT) | 550

Real estate mortgage investment conduit (REMIC) | 550, 938

Real estate taxes | 523, 530, 535

Real property:

Basis | 551, 559

Depreciable | 534, 544, 946

Foreign investment in U.S. | 515, 519

Installment sales | 537

Passive activity rules | 925

Rental | 527

Repossessions | 537

Sale | 544

Trade or business | 544

Valuation, estate | (Forms 706 & 709 instructions)

Rebates | 525

Recapture of depreciation | 544, 946

Records and record keeping requirements:

Car expenses | 463, 911

Charitable contributions | 526

Employee's business expenses | 463

Employment taxes | 926

Entertainment | 463

Excise taxes | 510

Gambling | 529

Gifts, business | 463, 911

Home ownership | 530

Individuals | 552

Listed property | 534, 946

Medical | 502

Small business | 583, 911

Tip income | 531

Travel | 463, 911

Recoveries:

Bad debt | 535

Expenses | 525, 535

Income | 525

Itemized deductions | 525

Losses | 547

Tax refunds | 525

Recovery property | 534, 946

Disposition of | 544

Reforestation expenses | 535

Refund feature, annuities | 939

Refunds:

Claim for | 3, 556

Decedents | 3, 559

Excise taxes | 378, 595

Net operating loss | 536

State income tax | 525

Reimbursements and allowances:

Accountable plan 463, 535

Car expenses | 3, 463, 911

Casualty or theft losses | 547

Employee's expenses | 3, 463

Involuntary conversions | 544

Medical expenses | 502

Moving expenses | 3, 521, 535 Nonaccountable plan | 463, 535

Travel, transportation | 3, 463, 535, 911

Reinvested dividends | 550, 564

Related persons:

Dependents | 501

Employee's expenses | 463

Gains and losses on transactions | 544, 550, 564

Religious organizations, contributions to | 526

Religious workers, social security for | 15-A, 517, 533

Relocation payments | 521

REMICs | 550, 938

Rental:

Advance rent | 527

Allowance, clergy | 517

Business expenses | 535

Cars | 463, 911

Expenses | 527

Home, use of | 527, 911

Income | 527

Passive activity rules | 527, 925

Property | 527

Sale of property | 544

Temporary, sale of home | 523

Repairs and improvements (See Improvements and repairs)

Repayment of items previously reported as income | 525

Replacement period:

Home | 3, 523

Involuntary conversions | 544, 547

Reporting requirements:

Additional taxes | 590

Cash payments, large | 1544, 1544SP

Charitable contributions | 526, 561

Sale of main home | 523

Tip income | 531

Withholding taxes | 15

Repossessions | 537, 544

Representation | 594, 594SP, 947

Required distributions:

IRAs | 590

Retirement plans | 575

Research and experimentation expenses | 535

Residence (See Home)

Residence test, bona fide | 54

Resident aliens | 519

Retail and use excise taxes | 510

Retained earnings | 542

Retirement:

Bonds | 550

Income | 554

IRAs | 554, 590

Self-employed individuals, plans for | 535, 560

Returns:

Child's | 929

Corporation | 542

Decedent | 559

Dependent's | 929

Donee information | 557

Due dates | 3, 509

Employment tax | 15

Estate | (Forms 706 & 709 instructions)

Excise | 510

Exempt organization business income tax | 598

Fiduciary | 559

Gift | (Forms 706 & 709 instructions)

Highway use | 510

Individual, final | 559

Information | 334, 557, 911

Nonresident alien | 519

Partnership | 541

Political activity | 557

S corporations | (Form 1120-S instructions)

Rights as a taxpayer | 1, 1SP

Rollover of gain from sale of securities | 550

Rollovers to an IRA | 571, 575, 590

Royalty income | 525

 

S

S corporations | (Form 1120-S instructions)

Sailing permit | 513, 519

Salaries | 525, 535

Salary reduction arrangement | 560, 571, 575, 590

Sales and exchanges:

Basis | 550, 551

Business property | 544

Depreciable property | 544

Foreign move | 54

Holding period | 544, 550

Home | 523

Age 55 or older | 523, 554

How to report | 544, 550

Installment | 537

Investment property | 550

Like kind | 544, 550

Mutual funds | 564

Nonresident aliens | 519

Nontaxable exchanges | 544, 550

Partnership interests | 541

Passive activity interests | 925

Patents and copyrights | 544

Personal items | 525, 911

Reporting | 544, 550

Sales tax | 535

Salvage value | 534

Savings account interest | 550

Savings bonds, U.S. | 550, 559

Savings incentive match plan for employees (SIMPLE) plans

Treatment by employees | 590

Schedule D (capital gain) tax computation | 550, 564

Scholars and scholarships | 4, 519, 520

Scrip dividends | 550

Section 179 expense deduction | 911, 946

Cars | 463

Section 401(k) plans | 560, 575

Section 444 election | 538

Section 501(c)(3) organizations | 557

Section 911 exclusion | 54

Section 1231 gains and losses | 544

Section 1244 stock | 550

Section 1245 property | 544, 946

Section 1250 real property | 544

Section 1256 contracts | 550

Securities, worthless | 550

Seizure and sales | 594, 594SP

Self-employed medical insurance | 502, 535

Self-employed, medical savings account | 969

Self-employed, retirement plans for the | 535, 560, 590

Self-employment contribution act (SECA)

Clergy and religious workers | 517

Self-employment income | 517, 533, 911

Clergy | 517

Self-employment tax | 533, 595, 911

Exemption from | 517

Selling expenses:

Home, sale of | 523

Separated spouses | 504

Community property states | 504, 555

Separate maintenance decree | 504

Separation agreement, alimony | 504

Series E, EE, H, and HH bonds | 550

Settlement costs | 530, 551

Severance damages | 544

Severance pay | 525

Sewer assessments (See Assessments for local improvements) | 530

Shared appreciation mortgage (SAM) | 936

Shareholder, corporation choosing not to be taxed | 550

Shareholder, mutual funds | 564

Ship passenger excise tax | 510

Short sale of stock | 550

Short tax year | 538

Depreciation | 534, 946

Short-term gains and losses | 544, 550, 564

Sick pay (See also Disability):

Reporting | 15-A

Tax withholding on | 505

SIMPLE IRAs

Treatment by employee | 590

SIMPLE retirement plans | 560

Simplified employee pension (SEP):

Treatment by employee | 590

Treatment by employer | 535, 560

Simplified method, pensions | 554, 575, 721

Small business investment company stock | 550

Small business, record keeping for a | 583

Small business stock | 550

Social security and Medicare:

Aliens | 519

Benefits | 525, 915

Christian Science tax professionals | 517

Church employees | 557

Clergy, religious workers | 517, 533

Household workers | 926

Social security numbers for dependents | 501

Social security numbers for earned income tax credit | 501

Taxable benefits | 525, 554, 915

Taxes | 15, 15A, 225, 533

Withholding on benefits | 505

Withholding requirements | 15, 15-A, 503

Sole proprietorship, sale of | 544

Spanish language publications:

Earned income tax credit | 596SP

How to prepare the federal income tax return | 579SP

Nonbusiness disaster, casualty, and theft loss workbook | 584SP

The collection process | 594SP

Your rights as a taxpayer | 1SP

Specialized small business investment company | 550

Sporting events, college | 526

Spouse:

Alien | 3, 519

Business expenses for | 463

Child and dependent care credit | 503

Divorced | 504

Exemption for | 501, 504

IRA for | 590

Medical expenses of | 502, 554

Surviving | 559

Standard deduction | 501, 554, 929

Standard meal allowance | 463

Standard mileage rate | 463

Start-up costs, amortization | 535, 541, 542

State or local bonds | 550

State income tax refunds | 525

State or local income taxes | 535

State or local transfer taxes | 550

Statute of limitations | 594, 594SP

Stock:

Basis | 550, 551

Charitable donation of | 526, 561

Compensation paid in | 525

Distribution of | 542, 550

Dividends | 550

Employee options | 525

Exchange of (trades) | 544, 550

Identifying | 550

Investment income and expense | 550

Mutual funds | 564

Options | 550

Sale of | 550

Short sales | 550

Small business | 550

Splits | 550

Wash sales | 550, 564

Worthless | 550

Stockholders:

Contribution by | 542

Distribution of property | 542

Investments | 550

Meetings | 529

S corporations | (Form 1120-S instructions)

Transactions with corporations | 542

Stolen or embezzled property | 547

Storm damage | 547

Straddles | 550

Straight line depreciation | 534, 946

Street assessment (See Assessments for local improvements)

Strike and lockout benefits | 525

Students:

Charitable contribution for expenses of | 526

Credits-Hope, lifetime learning | 970

Exemptions, dependency | 501

Expenses | 508

Guide to federal income tax | 4

Interest paid on loans | 970

Scholarships | 520

Subchapter C corporations (See Corporations)

Subchapter S corporations (See S corporations)

Subdivisions of land | 551

Subscriptions, professional journals deductibility | 529, 535, 911

Substantiation:

Appraisals:

Donated property | 526, 529, 561

Car expenses | 463, 911

Casualty or theft losses | 547

Entertainment expenses | 463, 911

Gift expenses | 463, 911

Itemized deductions | 552

Travel, transportation | 463, 911

Supplemental unemployment benefits | 525

Supplies and materials | 535, 911

Support, decree of | 504

Support of dependents | 3, 501, 504

Survivor:

Annuities | 559, 575, 721

Of federal employee | 721

Of federal retiree | 721

Survivors, general | 559

 

T

Tangible property, depreciation of | 946

Tax calendars for 1999 | 509

Tax changes, highlights of 1998 | 553

Tax computation (capital gain) | 550

Tax counsel fees | 504, 529

Tax court | 556

Tax credit (See Credits)

Tax-exempt:

Interest | 550, 564

Mutual funds | 564

Organizations | 557

Scholarship | 520

Tax-free exchanges | 544, 550

Tax home | 463

Tax obligations, aliens | 519, 927

Tax penalties, estimated tax | 505

Tax preparation | 529

Tax-sheltered annuities | 571

Tax shelters | 550

Tax treaties:

Canada | 597

Reduced tax rates | 519, 686, 901

U.S. citizens and residents overseas |54

Withholding on nonresident aliens | 515, 519

Tax withholding (See Withholding)

Tax year | 538

Taxable and nontaxable income | 3, 525

Taxable estate | (Forms 706 & 709 instructions)

Taxable gift | (Forms 706 & 709 instructions)

Taxable income defined | 525

Taxable income, estate | 559

Taxes:

Business | 535, 583

Deductibility | 530, 535

Employment | 15, 15-A, 926

Estimated | 225, 505, 542, 595, 911

Excise | 510, 590

Foreign | 514

IRAs | 590

Real estate | 530

Refunds | 378, 525, 556, 595

Self-employment | 533, 595, 911

Unrelated business income | 598

Teachers, education expenses | 508

Telephone:

Cellular | 529, 535

Excise tax | 510

Residential | 529, 535, 911

Temporary assignment | 463

$10,000, cash payments over | 1544, 1544SP

Ten-year or five-year averaging, lump-sum pensions | 554, 575

Termination, estate | 559

Theft losses | 547

Threat of condemnation | 544

Timber, coal, and iron ore:

Depletion | 535

Sale of | 225, 544

Tips | 531, 1244

Reporting of, for employees | 531, 1244

Reporting rules for employers | 531

Tax withholding | 505

Tools | 529

Trademarks and trade names | 535, 544, 551, 946

Trades, nontaxable | 550

Transfer, moving expenses | 521

Transient workers | 463

Transportation and travel expenses:

Business | 3, 463, 535, 595, 911

Charitable | 526

Educational | 3, 508

Employee | 463

Investment-related | 529, 550

Medical | 502

Moving | 3, 521

Reimbursements | 535, 911

Rental | 527

Reservists | 463

Transportation fuels excise tax | 378, 510

Transportation of persons or property by air, excise tax | 510

Transportation of persons by ship | 510

Treasury bills, bonds, and notes | 550, 559

Treaties, tax | 54, 515, 519, 597, 901

Treaty countries, certification for reduced tax rates | 686

Trucks:

Highway use tax | Form 2290

Retail excise tax | 510

Trust fund recovery penalty | 594, 594SP

Trusts (See Estates and trusts)

Tuition reduction | 520

 

U

Unadjusted basis, depreciation | 463, 527, 946

Underpayment penalty | 505

Undistributed capital gains | 564

Unemployment compensation | 525

Withholding on | 505

Unemployment tax (FUTA) | 15, 926

Uniforms | 3, 526, 529

Union:

Assessments | 529

Benefits | 525

Dues | 529

Unpaid expenses | 535

Unpaid salary | 535

Unrealized receivables, partnership | 541

Unrelated business income, exempt organization | 598

Unstated interest | 537

U.S. court of federal claims | 556

U.S. court of appeals for the federal circuit | 556

U.S. district court | 556

U.S. real property interest | 515, 519

U.S. Tax Court | 556

Useful life, depreciation | 534

Usurious interest | 550

Utilities | 535

 

V

Vacation homes | 527

Vacation pay, accrual | 535, 538

Valuation:

Casualty or theft losses | 547

Charitable contributions | 526, 561

Condemnation | 544

Employer-provided car | 535

Estate | (Forms 706 & 709 instructions)

Fringe benefits | 535

Gifts | (Forms 706 & 709 instructions)

Inventories | 538, 911

Value, fair market, defined | 524, 537, 544, 551, 561, 564, 946

Vandalism loss | 547

Vehicles, heavy:

Highway use tax | Form 2290

Retail excise tax | 510

Veterans' benefits | 525

Educational | 508

VISTA | 525

 

W

Wage bracket method of withholding | 15-A

Wagering (See Gambling winnings and losses)

Wages | 525, 535

Wash sales | 550

Welfare benefit funds | 535

Welfare payments | 525

Withholding:

Backup | 505, 550, 594, 594SP

Correct | 919

Credit for | 505

Dispositions, U.S. real property interest | 515, 519

Employer information, reporting requirements | 15

Exemption from | 505, 929

Foreign corporations | 515

Forms W-2, W-2c, W-4, W-4P, W-4S,

W-4V, or W-5 | 15, 505, 919

Fringe benefits | 15-A, 505

Gambling winnings | 505

Household employees | 926

IRA distributions | 590

Keogh distributions | 560, 575

Methods | 15, 15-A

Nonresident aliens | 515, 519

Pensions and annuities | 15-A, 505, 575, 721

Salaries | 15, 505

Sick pay | 15, 505

Social security benefits | 505

Tips | 505, 531

Unemployment compensation | 505

Wages | 15, 505, 919

Work clothes | 529

Work opportunity credit | 334

Workers' compensation insurance | 525

Worthless debts:

Business | 535

Nonbusiness | 550

 

Y

Year deductible | 538

Year taxable | 538

Your rights as a taxpayer | 1, 1SP

 

Numbers

179 expense deduction | 911, 946

401(k) plans | 560, 575

444 election | 538

501(c)(3) organizations | 557

911 exclusion | 54

1231 gains and losses | 544

1244 stock | 550

1245 property | 544

1250 real property | 544

1256 contracts | 550

$10,000, cash payments over | 1544, 1544SP

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