A Brief Overview of Depreciation. Depreciation is an income tax deduction that allows a taxpayer to recover the cost or other basis of certain property. It is an annual allowance for the wear and tear, deterioration, or obsolescence of the property.
How far back can you submit returns or amended returns and still get a refund? You can go back three years from the original deadline of the tax return to get a full refund. After three years, you will not be able to obtain a refund. It is important if changes are needed on an already filed return that these changes are made within the three year time frame.
@meast07 me either and it seems like if you filed and they say wait 72 hours before you check the status of your refund it would at least give you a proposed date to when you may get your money backâ¦all i have been told by my tax preparer is that i had to wait 10-14 days.t can take up to three weeks to process and it is taking a long time to get the refunds back because of EIC and dependants that have to be processed on the return as well. I hope this helps some of you and the returns from 01/01-01/24 had a two week delay because they are a week behind with their system.