by Kevin Jerry | Mar 28, 2023 | 3115s
Not Signing a Form 3115 is Considered to be a Bad Sign Annually, the IRS compiles a “Dirty Dozen” list of 12 scams and schemes that taxpayers may encounter, especially during tax filing season. Day six of the campaign will hit home with building owners and investors...
by Kevin Jerry | Sep 7, 2021 | 3115s
Additional Consequences of Not Filing the Required Tangible Property Regulation 3115s Beyond the disregarded TPR method filing consequences, the client will miss out on the following optional TPR opportunities: The ability to deduct the net remaining tax basis of...
by Kevin Jerry | Sep 1, 2021 | Uncategorized
What are the issues or consequences to the taxpayer and the tax return preparer if a taxpayer does not comply with the new tangible property regulations (TPRs, §263(a) and file the required 3115(s)? The short answer is: It puts the client at risk for...
