TMTW #221-Good News!! No Form 3115 Hassle for Small Businesses (or CPAs)

Good News!! No Form 3115 Hassle for Small Businesses (or CPAs)
February 18, 2015 | No. 221

Small businesses won’t have to file Form 3115 to comply with repair regulations. Small business taxpayers will be allowed to make certain accounting method changes under the tangible property (or “repair”) regulations without filing Form 3115, Application for Change in Accounting Method, the IRS announced.

Click here for more information

Questions or Comments?

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

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