Fillable FORM 4562, PAGE 1 of 2: 07 20 (IRS)

Fill Online, Printable, Fillable, Blank FORM 4562, PAGE 1 of 2: 07 20 (IRS) Form

Use Fill to complete blank online IRS pdf forms for free. Once completed you can sign your fillable form or send for signing. All forms are printable and downloadable.

FORM 4562, PAGE 1 of 2: 07 20 (IRS)

On average this form takes 58 minutes to complete

The FORM 4562, PAGE 1 of 2: 07 20 (IRS) form is 2 pages long and contains:

  • 0 signatures
  • 1 check-box
  • 231 other fields

Country of origin: US
File type: PDF

Use our library of forms to quickly fill and sign your IRS forms online.

The Internal Revenue Service (IRS) is a government agency responsible for collecting taxes and administering the federal statutory tax laws of the United States. The IRS provide tax assistance to taxpayers and pursue and resolve fraudulent tax filings.

BROWSE IRS FORMS

Related forms
Fill has a huge library of thousands of forms all set up to be filled in easily and signed.
Fill in your chosen form
Sign the form using our drawing tool
Send to someone else to fill in and sign.
find another form
 
3
I.R.S. SPECIFICATIONS
TO BE REMOVED BEFORE PRINTING
DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT
TLS, have you
transmitted all R
text files for this
cycle update?
Date
Action
Revised proofs
requested
Date
Signature
O.K. to print
INSTRUCTIONS TO PRINTERS
FORM 4562, PAGE 1 of 2
MARGINS: TOP 13 mm (
1
⁄ 2 "), CENTER SIDES. PRINTS: HEAD TO HEAD
PAPER: WHITE WRITING, SUB. 20. INK: BLACK
FLAT SIZE: 203 mm (8") 3 279 mm (11")
PERFORATE: (NONE)
OMB No. 1545-0172
Depreciation and Amortization
4562
Form
(Including Information on Listed Property)
Department of the Treasury
Internal Revenue Service
Attachment
Sequence No. 67
©
See separate instructions.
Identifying number
Name(s) shown on return
Business or activity to which this form relates
Election To Expense Certain Property Under Section 179
Note: If you have any listed property, complete Part V before you complete Part I.
$125,000
1
Maximum amount. See the instructions for a higher limit for certain businesses
1
2
Total cost of section 179 property placed in service (see instructions)
2
$500,000
3
Threshold cost of section 179 property before reduction in limitation
3
4
Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0-
4
Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filing
separately, see instructions
5
5
(a) Description of property
(b) Cost (business use only)
(c) Elected cost
6
7
Listed property. Enter the amount from line 29
7
8
8
Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7
9
Tentative deduction. Enter the smaller of line 5 or line 8
9
10
Carryover of disallowed deduction from line 13 of your 2006 Form 4562
10
11
Business income limitation. Enter the smaller of business income (not less than zero) or line 5 (see instructions)
11
12
Section 179 expense deduction. Add lines 9 and 10, but do not enter more than line 11
12
13
Carryover of disallowed deduction to 2008. Add lines 9 and 10, less line 12
©
13
Note: Do not use Part II or Part III below for listed property. Instead, use Part V.
MACRS Depreciation (Do not include listed property.) (See instructions.)
(b) Month and
year placed in
service
(c) Basis for depreciation
(business/investment use
only—see instructions)
(d) Recovery
period
(a)
(e) Convention
(f) Method
(g) Depreciation deduction
Section B—Assets Placed in Service During 2007 Tax Year Using the General Depreciation System
3-year property
19a
5-year property
b
7-year property
c
10-year property
d
15-year property
e
20-year property
f
S/L
MM
27.5 yrs.
Residential rental
property
h
S/L
MM
27.5 yrs.
S/L
MM
Nonresidential real
property
i
S/L
MM
Section C—Assets Placed in Service During 2007 Tax Year Using the Alternative Depreciation System
S/L
20a
Class life
12 yrs.
S/L
b
12-year
40 yrs.
MM
S/L
c
40-year
Special Depreciation Allowance and Other Depreciation (Do not include listed property.) (See instructions.)
MACRS deductions for assets placed in service in tax years beginning before 2007
17
17
15
Property subject to section 168(f)(1) election
15
Other depreciation (including ACRS)
16
16
Summary (see instructions)
21
21
Listed property. Enter amount from line 28
Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21.
Enter here and on the appropriate lines of your return. Partnerships and S corporations—see instr.
22
22
23
For assets shown above and placed in service during the current year,
enter the portion of the basis attributable to section 263A costs
23
Form 4562 (2007)
For Paperwork Reduction Act Notice, see separate instructions.
Cat. No. 12906N
Part IV
Part I
Part II
Part III
©
Attach to your tax return.
39 yrs.
Section A
18
If you are electing to group any assets placed in service during the tax year into one or more
general asset accounts, check here
©
Classification of property
25-year property
g
25 yrs.
S/L
Special allowance for qualified New York Liberty or Gulf Opportunity Zone property (other than listed
property) and cellulosic biomass ethanol plant property placed in service during the tax year (see
instructions)
14
14
20
07
3
I.R.S. SPECIFICATIONS
TO BE REMOVED BEFORE PRINTING
DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT
Page 2
Form 4562 (2007)
Listed Property (Include automobiles, certain other vehicles, cellular telephones, certain computers, and
property used for entertainment, recreation, or amusement.)
Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only
24a, 24b, columns (a) through (c) of Section A, all of Section B, and Section C if applicable.
Section A—Depreciation and Other Information (Caution: See the instructions for limits for passenger automobiles.)
24b
24a
No
Yes
If “Yes,” is the evidence written?
No
Yes
Do you have evidence to support the business/investment use claimed?
(i)
Elected
section 179
cost
(h)
Depreciation
deduction
(g)
Method/
Convention
(f)
Recovery
period
(e)
Basis for depreciation
(business/investment
use only)
(d)
Cost or other
basis
(c)
Business/
investment
use
percentage
(b)
Date placed in
service
(a)
Type of property (list
vehicles first)
Property used more than 50% in a qualified business use:
26
%
%
%
Property used 50% or less in a qualified business use:
27
%
S/L –
%
S/L –
S/L –
%
28
Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1
28
Add amounts in column (i), line 26. Enter here and on line 7, page 1
29
29
Section B—Information on Use of Vehicles
(f)
Vehicle 6
(e)
Vehicle 5
(d)
Vehicle 4
(c)
Vehicle 3
(b)
Vehicle 2
(a)
Vehicle 1
Total business/investment miles driven
during the year (do not include commuting
miles)
30
Total commuting miles driven during the year
31
Total other personal (noncommuting)
miles driven
32
Total miles driven during the year. Add
lines 30 through 32
33
No
Yes
No
Yes
No
Yes
No
Yes
No
Yes
No
Yes
Was the vehicle available for personal
use during off-duty hours?
34
Was the vehicle used primarily by a
more than 5% owner or related person?
35
Is another vehicle available for personal
use?
36
Section C—Questions for Employers Who Provide Vehicles for Use by Their Employees
No
Yes
Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting,
by your employees?
37
Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your employees?
See the instructions for vehicles used by corporate officers, directors, or 1% or more owners
38
Do you treat all use of vehicles by employees as personal use?
39
Do you provide more than five vehicles to your employees, obtain information from your employees about
the use of the vehicles, and retain the information received?
40
Do you meet the requirements concerning qualified automobile demonstration use? (See instructions.)
41
Note: If your answer to 37, 38, 39, 40, or 41 is “Yes,” do not complete Section B for the covered vehicles.
Amortization
(e)
Amortization
period or
percentage
(b)
Date amortization
begins
(c)
Amortizable
amount
(d)
Code
section
(f)
Amortization for
this year
(a)
Description of costs
42
Amortization of costs that begins during your 2007 tax year (see instructions):
43
Amortization of costs that began before your 2007 tax year
43
44
Total. Add amounts in column (f). See the instructions for where to report
44
Complete this section for vehicles used by a sole proprietor, partner, or other “more than 5% owner,” or related person.
If you provided vehicles to your employees, first answer the questions in Section C to see if you meet an exception to completing this section for those vehicles.
Part VI
Part V
INSTRUCTIONS TO PRINTERS
FORM 4562, PAGE 2 of 2
MARGINS: TOP 13 mm (
1
⁄ 2 "), CENTER SIDES. PRINTS: HEAD TO HEAD
PAPER: WHITE WRITING, SUB. 20. INK: BLACK
FLAT SIZE: 203 mm (8") 3 279 mm (11")
PERFORATE: (NONE)
Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who are
not more than 5% owners or related persons (see instructions).
Form 4562 (2007)
Special allowance for qualified Gulf Opportunity Zone property placed in service during the
tax year and used more than 50% in a qualified business use (see instructions)
25
25
Download
Save PDF to desktop
Email
Email completed PDF
Send for Signing
Email for others to sign
Print
Print document
Choose a Field
Click on a field and
select the person that should complete it
Want to add a signature?
You can add a signature field
and assign it to someone else
to sign
Choose a Field
Click on a field and
select the person that should complete it

FORM 4562, PAGE 1 of 2: 07 20 (IRS)

This document is locked as it has been sent for signing.

You have successfully completed this document.

Other parties need to complete fields in the document. You will recieve an email notification when the document has been completed by all parties.

This document has been signed by all parties.

Completed 15 April 2022

Message

View Audit Log
Print With Audit Log
Duplicate Document