TaxGuyBill
Level 15
12-07-2019
07:27 AM
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I have my doubts. Although there isn't anything clear-cut in print that says if correcting Basis is a change in method of accounting, somebody on TaxAlmanac/TalkProTalk called the lawyer at the IRS that wrote that Revenue Procedure.
The IRS lawyer said he gets asked that all of the time, and wrong Basis is NOT a change in method of accounting. As a mathematical or posting error" it would not qualify for Form 3115.
Out of curiosity, who is putting on that seminar?
The IRS lawyer said he gets asked that all of the time, and wrong Basis is NOT a change in method of accounting. As a mathematical or posting error" it would not qualify for Form 3115.
Out of curiosity, who is putting on that seminar?