Fixed Assets by MTW
MTW FA Manger
New versions for all applications for tax year 2014.
New versions for all applications for tax year 2013.
New versions are coming shortly for all applications for tax year 2012.
Section 179 has been enhanced for *both* 2012 and 2013 tax years (2012 is retroactive, obviously). This is due to the passage of H.R.8: American Taxpayer Relief Act of 2012 (The "fiscal cliff / fiscal crisis" bill). 2013 Deduction Limit = $500,000 2013 Limit on Capital Purchases = $2,000,000 2013 Bonus Depreciation = 50% Please note the above limits are as of 1/1/2013, and are for tax year 2013. In addition, 2012's old limit ($125,000 deduction) has now been raised to $500,000 as well. This means qualifying purchases you made in 2012 can now take advantage of the new, higher deduction limits.
New versions have been released for all applications for tax year 2011 final changes. They include Form 4562 for 2011.
Adobe Reader X shows an error when running Form 4562 Report. Protection Mode in Adobe is causng the problem. You can disable Protected Mode via the Adobe user interface. Go to Edit > Preferences > General, and in the Application Startup panel, check or uncheck Enable Protected Mode at startup.
have been released for all applications for the 2010 and 2011 tax changes.
They include Form 4562 for 2010.
Form 4562 added to the tax reports for MTW Web Depreciation. The form is automatically populated with your data, so that you can print it and file it with your tax return.
Sept 27, 2010
Small businesses can now expense up to $500,000 of section 179 property for tax years beginning in 2010 and 2011.
Also bonus depreciation has been resurrected. For qualified assets purchased in 2010, 50% of the purchase of the new asset can be expensed and the remaining basis after the amount expensed qualifies for regular depreciation.
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