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I forgot to include the de minimus safe harbor election on 1120s. Should I amend and have the election or not worry?

Golfer2016
Level 2

I forgot to include it.  I don't want amending again to raise any flags.  Also, if there was an audit and it was revoked, the client could just depreciate the items.  What do you think?  

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IRonMaN
Level 15

I think it needs to be filed with the original return so I think you are out of luck.  However to improve you luck you might want to dig out that lucky horseshoe, that 4 leaf clover, or that lucky rabbit's foot ----------------------- although it doesn't appear to have been very much luck for that rabbit.


Slava Ukraini!

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2 Comments 2
IRonMaN
Level 15

I think it needs to be filed with the original return so I think you are out of luck.  However to improve you luck you might want to dig out that lucky horseshoe, that 4 leaf clover, or that lucky rabbit's foot ----------------------- although it doesn't appear to have been very much luck for that rabbit.


Slava Ukraini!
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Just-Lisa-Now-
Level 15
Level 15
Keep it in the file, if its ever questioned you can blame it on technology...you sent it, heres a copy, not sure why it didnt get included with the transmitted return.  🙂

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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