| calculating depreciation and amortization - form 4562 |
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Hello, I have a llc that received no income in 2007, but expenses to fix up the house. I inherited a tenant that lived in the house for one month under my ownership and they didn't pay the rent. Do I need to calculate depreciation and amortization based on this on form 4562? Read Entire Article |
While nobody likes filing tax returns, most people are rewarded handsomely for their efforts: About 75% of taxpayers get a refund, according to the Internal Revenue Service. In 2005, the average refund rang in at more than $2,000, a nice chunk of change.
| AP - More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday. | |
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