In computing lease payments, the amount to be recovered by the lessor is the. cost of the leased asset less the asset's residual value. cost of the leased asset less the present value of the asset's residual value. fair market value of the leased asset less the asset's residual value.
A Form 1040X-Amended Tax Return can take up to 16 weeks to process once the IRS receives it. It can take up to three (3) weeks from the date you mailed it to show up in our system.
It normally takes 4 to 6 weeks for a paper return to be processed. This year may take longer and particularly in your case. The IRS may not start processing your return until Feb. 23rd. Congress put some unusual demands on the IRS with the late law changes and they are struggling.*.