jlewis Posted January 19, 2015 Report Share Posted January 19, 2015 C Corp with FY 7/1-6/30, what is 3115 filing with the tax return requirement - C Corp's year beginning 7/1/13 or 7/1/14? I haven't seen it addressed in Rev Proc's but in various publications it gives effective date as taxable years beginning after 1/1/14 for repair regs. Seems that new IRS notices are still flowing with 2015-13 &14? If its in the literature, I've missed it. Any info would be appreciated. Quote Link to comment Share on other sites More sharing options...
jlewis Posted January 19, 2015 Author Report Share Posted January 19, 2015 Sorry, meant heading to be "Form 3115-FY C-Corp" Quote Link to comment Share on other sites More sharing options...
jklcpa Posted January 19, 2015 Report Share Posted January 19, 2015 C Corp with FY 7/1-6/30, what is 3115 filing with the tax return requirement - C Corp's year beginning 7/1/13 or 7/1/14? I haven't seen it addressed in Rev Proc's but in various publications it gives effective date as taxable years beginning after 1/1/14 for repair regs. Seems that new IRS notices are still flowing with 2015-13 &14? If its in the literature, I've missed it. Any info would be appreciated. Check rev proc 2015-13 for its effective date on pg 89-90 and rev proc 2015-14 on page 373. Both have dates for fiscal years on or after 5/31/14, and look like those apply to form 3115 filed after 1/16/15, but 2015-13 also has some other transitional dates. Have these been officially released yet? I can't find them directly on the IRS site, and KPMG posted links to these two rev procs on their site on 1/16 saying the IRS released advanced copies of them. I am in a slight panic over this because I have a 5/31 fiscal year C corp on extension that is due 2/15 and need to get this finished. It is also a review financial statement that will require disclosure of changes. Quote Link to comment Share on other sites More sharing options...
jlewis Posted January 19, 2015 Author Report Share Posted January 19, 2015 Thanks for the references, this was a big help. Quote Link to comment Share on other sites More sharing options...
Lee B Posted January 19, 2015 Report Share Posted January 19, 2015 C Corp with FY 7/1-6/30, what is 3115 filing with the tax return requirement - C Corp's year beginning 7/1/13 or 7/1/14? I haven't seen it addressed in Rev Proc's but in various publications it gives effective date as taxable years beginning after 1/1/14 for repair regs. Seems that new IRS notices are still flowing with 2015-13 &14? If its in the literature, I've missed it. Any info would be appreciated. Just had a class, effective date for filing is years beginning before 1/1/15 so the last available FYE would be 11/30/15. Quote Link to comment Share on other sites More sharing options...
jlewis Posted January 19, 2015 Author Report Share Posted January 19, 2015 (edited) cbslee-Thanks for your info, would you have a reference or cite to share? Edited January 19, 2015 by jlewis Quote Link to comment Share on other sites More sharing options...
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