AndyReynolds
Level 2
03-24-2021
01:09 PM
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Thanks for the clarity on this problem. You seem to have a "better than average" tax reporting knowledge on this subject. I'll look at the impact of the Form 3115 (Cadillac solution) . , but don't you need IRS approval before filing for a change in method? I'll need to look at the tax implications of my actual situation...
So what I am gathering, is that Pro Series Tax is essentially having a tax preparer comply with proper tax code approaches, rather than you be allowed any exception to an outdated but used method of calculating and tax reporting within the software...
Thanks for this. This has always bothered me not having anyone to discuss what I probably knew would be the outcome.