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NACA MEMBERSHIP APPLICATION/RENEWAL 2016 Circle One: Bro. Fr. Sr. Deacon Mr. Mrs. Ms. Name Cong. Initials Organization Address City State Zip Title/Position Office Phone FAX Email Website In which
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MAIL-NACPA stands for Modified Accelerated Cost Recovery System - Net Annual Cost Prepayment Adjustment.
Taxpayers who elect to use the Modified Accelerated Cost Recovery System (MACRS) for depreciating assets and make a net annual cost prepayment adjustment are required to file MAIL-NACPA.
To fill out MAIL-NACPA, taxpayers need to calculate the net annual cost prepayment adjustment and report it on the appropriate tax forms.
The purpose of MAIL-NACPA is to adjust the depreciation of assets under MACRS by taking into account any net annual cost prepayment adjustments.
Taxpayers must report the net annual cost prepayment adjustment on MAIL-NACPA, including the calculation method used and any relevant supporting documentation.
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