Form 4562 is a tax form issued by the IRS and used by traders to claim deductions for the depreciation or amortization of a piece of property. If youve purchased property to use in your business, you can deduct a portion of your costs by claiming a depreciation deduction and reporting it on IRS form 4562. For more fillable, printable forms, sign, print and fax services are available at Handypdf.com.