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Form Instructions 4562 for Orange California: What You Should Know
Form 1 — 1099-MISC — The Form 1—1099-MISC, Miscellaneous Income for Distributions to a Trust (from a Form 1—1099-MISC, Forms W-2, and 1099-EIN, and from Forms 1099-MISC, etc.) is the only IRS-related form used for contributions to a corporation. The form may be signed on line 1 through line 20 on a single page. Please note: the IRS does not use this form to issue a tax refund. 2023 Instructions for Form 4562 — IRS General Instructions. Purpose of Form 4562. Use Form 4562 to: • Claim your deduction for depreciation and amortization, • Make the election under section 179. The following instructions are for the current 2025 tax year and apply only when you make an election under section 179. 1. Line 13—This line indicates that the corporation has paid or incurred in 2025 a tax or refundable payment of an amount equal to or less than the total of: the amount you received from a sale or a disposition of its property or services for taxable income, and interest on the amount received. 2. Line 14—This line indicates that the corporation is a trust and received money in 2025 that was paid in trust by a trustee (or other fiduciary) of the corporation. The trustee or fiduciary can claim your deduction for depreciation and amortization of the entire amount, on Schedule C (Form 941). 3. Line 15—This line indicates that the corporation spent money in 2025 for the purpose of acquiring or renewing a franchise. 4. Line 16—This line specifies that the corporation made a payment to its pension and retirement plans in 2025 and reported the payment as a payment of dividends, interest, or other amounts that were not subject to tax. 5. Line 18—This line contains the amount of the qualified facility charge related to the taxpayer's real property located in 2025 and 2015. This line must be entered because it is a deduction for depreciation of a new facility. You will use this amount when you enter line 22 (Depreciation for use in your taxable year) of your Schedule B for the current year. 6. line 22—This line includes the adjusted basis of depreciable property. This line is not required if you completed Form 4562 and Form 4562-EZ (2014 Edition), but you are still subject to these instructions. 7.
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