Form 3115 - Fix That Depreciation

Did your client miss depreciation? It's more common than you think!

This program equips tax professionals with the knowledge and skills needed to navigate Form 3115, "Application for Change in Accounting Method." Participants explore the critical aspects of when and how to use this form, including the distinctions between automatic and non-automatic change procedures, the specific situations requiring Form 3115, and the necessary documentation and explanation required for successful filing. The program discusses recent updates and guidance, ensuring that tax professionals are up-to-date with the latest IRS requirements and best practices. Attendees will leave with a clear understanding of how to effectively advise their clients on accounting method changes, minimizing risks, and ensuring compliance. A pen to paper example of a so-called “missed depreciation” case concludes the program

IRS: HGQT7-T-00155-24-O