KEYWEST_RICKS Posted December 1, 2014 Report Share Posted December 1, 2014 Is anyone else feel real comfortable with all the new depreciation rules? I have been to one seminar this year and he mentioned nothing about Form 3115 form to change your accounting method for depreciation however i have seen articles which state that every business will basically be required to file a Form 3115 since their prior method was not a permitted method. i know there was a thread about this a few months ago but as we get closer to year end i am bringing it up again. thanks for any imput jeff Quote Link to comment Share on other sites More sharing options...
Margaret CPA in OH Posted December 1, 2014 Report Share Posted December 1, 2014 I'm with you. I have been to 2 seminars that went into some detail and will attend another in a couple of weeks that includes this. Nothing seems to be sticking in my brain as to exactly what to do. I have just drafted a letter to appropriate clients going out this week that they may well be extended and we need to work together for data and decisions. I am first working through my own this week. I've never had to deal with 3115 before so it will be interesting! And we thought the ACA was a challenge... Maybe someone will come up with a neato chart about what to do with what as was done for ACA. 1 Quote Link to comment Share on other sites More sharing options...
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