Speaker: Amorette Mason, EA
CE: 1 IRS/CTEC
Price: Free for Members | $60 for Nonmembers

This webinar will be a guide to understanding and using Form 3115 correctly, specifically relating to depreciation. When filed properly this form can correct common depreciation errors or give an opportunity to take advantage of a previously missed tax position. This session will cover basics of when and why Form 3115 is required for depreciation-related changes, common automatic change procedures, and the necessary documents and information needed for a successful filing. This course is beneficial for tax professionals who prioritize maximizing tax efficiency related to fixed assets.

Learning Objectives:

• Distinguish situations that necessitate Form 3115 for depreciation-related accounting method changes. The When and Why it is Required.
• Identify key information and documentation that is required to properly compete and submit Form 3115. Recordkeeping best practices and the timing of filing.
• Understand the potential tax implications and benefits as a result of correctly filing Form 3115. Case Studies.
• Distinguish automatic and non-automatic change procedures and the requirements for each.
• Review relevant sections of Form 3115.

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