Editor: Depreciation 4562 is an extremely efficient way to calculate Federal Tax Depreciation. Form 4562 is computed with a minimum amount of input. This is an idea tool for a tax professional, CPA, or anyone that needs to complete tax depreciation. Asset data information is retained in a database for use in preparing future tax returns. An unlimited number of Companies/Clients can be maintained. Depreciation 4562 was created for the tax preparer that needs to complete federal tax reporting, but doesn't need the expense and complexity that most depreciation applications have.
All depreciation and amortization methods required for federal tax reporting are included in an easy to use format. Extensive on line help Details methods and tax requirements.
Depreciation 4562 Features: Calculates Luxury AutoMobile Depreciation. Computes and prints Tax Form 4562.
Tracks Section 179 deductions and limits. Determines the 30 or 50 % Special Depreciation Bonus. Nine comprehensive reports are provided. Easy customization of asset classes simplifies asset input.
Automobile & 179 limits can be input to stay current with changing tax regulations. A formal depreciation schedule can be viewed or printed. Half-year, mid-quarter, and mid-month conventions are provided. Depreciation is generated using IRS tax tables.
40% rule calculation to determine if mid quarter is convention is required. Most reports can be produced for any period, historical or future. Backup Wizard makes it easy to backup valuable fixed asset data. A Sample Company and data are included to reduce the learning curve. Supports an unlimited number of companies and assets.
