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Daycare and Taxes>Form 3115
Daycarefamily 05:43 AM 02-09-2019
I've never bothered capturing depreciation using form 3115 due to the fact that I never owe enough taxes to make it worth it. In an audit, can a taxpayer try to recover past allowable deductions to offset disallowed deductions by the auditor?
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TomCopeland 04:41 PM 02-09-2019
Originally Posted by Daycarefamily:
I've never bothered capturing depreciation using form 3115 due to the fact that I never owe enough taxes to make it worth it. In an audit, can a taxpayer try to recover past allowable deductions to offset disallowed deductions by the auditor?
Yes! Go for it!
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Tags:depreciation, form 3115
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