Form 3115 DCN pls

[WITAXLADY]

I read the instructions, searched the Forum for 3115 -

I know it is 1, A and E - I need to change depreciation for items purchased in 14-18 to take on an amended return for 2019 - that were never on the prior tax return(s).

What is DCN? Part 1

Thank you,

D in snow country1

[WITAXLADY]

ps = the Brass Tax has an excel sheet but not the $20 booklet anymore..

[DANRVAN]

1 hour ago, WITAXLADY said:

What is DCN? Part 1

7.

[Lion EA]

https://brasstax.com/shop/ols/products/form-3115-line-by-line-correcting-depreciation

[WITAXLADY]

thank you!

[WITAXLADY]

so I am filing an amended 2019 return - this is 1 year after filing 2019 taxes -

Does this fit the requirement to qualify for 3115

It was filed without a 3115

In 2019 taxes - there were many assets not on the list from prior years and were then added starting with 2019.

Most were sec 179 or started as of 1/1/2019.

Does this qualify for 3115?

to make the additions legit?

or to add them to their assets?

Correcting as WI Auditor says depreciation already taken in earlier years but  they were not. (auditing for Sales Tax)

 

Does need to be amended for 2 duplicate purchases - same price but 2 different names and they have to come off and then sec 179 to have a -0- change.

Thx

D

 

[DANRVAN]

37 minutes ago, WITAXLADY said:

so I am filing an amended 2019 return - this is 1 year after filing 2019 taxes -

Does this fit the requirement to qualify for 3115

It was filed without a 3115

In 2019 taxes - there were many assets not on the list from prior years and were then added starting with 2019.

Most were sec 179 or started as of 1/1/2019.

Does this qualify for 3115?

I am not sure I completely understand the situation.

Was the 2018 and prior years completed correctly?  If so then you do not need a 3115, just amend 2019.  You can also amend any other open year independently. 

 

[WITAXLADY]

Thank you

The errors were caught in 2019  and now again in 2021 for 2020

What a mess

the values used were higher insurance numbers so those have to be adjusted and some were sec 179 and too high!

And now the current bookkeeper went back and found more assets not given to me..

 

And my fault? I said when you give me a correct list, current list - preferably with purchase invoices attached, I will look at it.

I am not recreating and checking it! Plus I do not know what you have left? or purchased!

Not happy with me - do you want to pay me or do  in house?

already left once and came back..

Family is hard to work with!!

D

[Margaret CPA in OH]

Think of your stress level.  Is this client worth it?  You may be happier and better able to get another client that works with you instead of against you.  IMO, life is too short to deal with folks like these.  Breathe.....