Jack from Ohio Posted January 29, 2013 Report Share Posted January 29, 2013 The IRS has not released form 4562 yet. It is silly to think that depreciation will calculate properly before ATX releases the updated form. This cannot happen till the IRS releases the form. Returns with Form 4562 are scheduled to start being accepted Feb. 28 or Mar. 1. Why the "way too soon" expectations that depreciation will calculate properly? It is unfair to catagorize the software as defective over this issue. Quote Link to comment Share on other sites More sharing options...
David1980 Posted January 29, 2013 Report Share Posted January 29, 2013 The IRS has released the form? http://www.irs.gov/pub/irs-pdf/f4562.pdf There's a difference between not releasing a form and not processing it. Like the 8863. So the form and instructions are released, you could calculate the expected returns now. You just can't file them yet. Problem would be that their computers aren't setup to process the forms, but the forms are complete. Quote Link to comment Share on other sites More sharing options...
Jack from Ohio Posted January 29, 2013 Author Report Share Posted January 29, 2013 The IRS has released the form? http://www.irs.gov/pub/irs-pdf/f4562.pdf There's a difference between not releasing a form and not processing it. Like the 8863. So the form and instructions are released, you could calculate the expected returns now. You just can't file them yet. Problem would be that their computers aren't setup to process the forms, but the forms are complete. But has the IRS approved the form for ATX that will allow them to update the form in the program? Same question... Quote Link to comment Share on other sites More sharing options...
rfassett Posted January 29, 2013 Report Share Posted January 29, 2013 I have to respectfully disagree Jack. The 4562 issue has to do more with the IRS systems than the writing of the code for the software. I might agree with you if it were a more obscure issue, but the programmers know what the rules are and should be able to program those. Depreciation is not just about form 4562. ATX's separate Fixed Asset Manager does not even have a 4562 and near as I can tell it is calculating all of my depreciation with all of the different nuances correctly. And yes, I am checking it. Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted January 29, 2013 Report Share Posted January 29, 2013 And now it works....at least on the one return I have where Sch. C depreciation was incorrect, it is now correct. This is a simple sch. c return. Tom Hollister, CA Quote Link to comment Share on other sites More sharing options...
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