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Daycare and Taxes All things related to Taxes and running a Daycare post here. Topics of tax exemptions, forms, filings, tax write offs, IRS etc.

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Old 02-09-2019, 05:43 AM
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Daycarefamily Daycarefamily is offline
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Default Form 3115

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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Old 02-09-2019, 04:41 PM
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Default Form 3115

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Originally Posted by Daycarefamily View Post
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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