Tuesday, January 20, 2015

Like an inside joke . . .

" Oh, the repair regs. Newly effective for 2014, these dramatic alterations to the way we evaluate repair costs will represent the single biggest pain in the ass of the entire 2015 tax season. And courtesy of the reporting requirements necessary to adopt the regulations, the remaining portion of the planet’s rainforest will soon be mowed down to accommodate all of the Forms 3115, Change in Accounting Method, that will need to be filed over the next few months. It is not overstating the situation to say that the average tax preparer will complete more Forms 3115 this year than in all of his or her previous years combined; if you believe some of the doomsayers, every taxpayer with a depreciation schedule will need at least five Forms 3115 attached to their return. "
Four Things Sure To Destroy Your Tax Season | Forbes
. . . it kind of makes me want to laugh and cry at the same time.

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