The newest release, Version 4.1.125 of CMI Fixed Assets, is now available for download.
This version includes the Protecting Americans from Tax Hikes (PATH) Act, which was passed as part of the Consolidated Appropriations Act of 2016. The PATH Act extends the 50% special depreciation allowance (bonus) through 2017 and makes the IRC Section 179 expense limit of $500,000 permanent.
It DOES NOT yet include the Form 4562 for 2015 but we hope to have that available by the end of this week, thus if you would like to wait and update just the one time, please watch for an additional email in a few days, otherwise, please install this update to be able to work with the changes on your 2015 assets.
Emails are being sent to all current CMI Fixed Assets users today with information on downloading the update. If you do not receive an email by the end of the day and believe you should have, please let us know at kmortensen (at) cmifixedassets.com. OR if you have not yet renewed your annual maintenance for CMI please contact us to renew and then you will receive the update information.
