Kristy takes you through line by line of Form 3115. She also demonstrates a change from an impermissible method of determining depreciation of property if the method was used two or more consecutive tax returns.
CALT does not provide legal advice. Any information provided on this website is not intended to be a substitute for legal services from a competent professional. CALT's work is supported by fee-based seminars and generous private gifts. Any opinions, findings, conclusions or recommendations expressed in the material contained on this website do not necessarily reflect the views of Iowa State University.