Change of Depreciation Method and Missed Depreciation
Sometimes mistakes are made! We can file IRS Form 3115 with your federal tax return to fix nearly any depreciation error no matter how many years ago it happened.
This service starts at $999¹ and includes tax preparation.²
Included with a backdated Cost Segregation Study.³
Reasons a taxpayer may need this service include:
Not taking the depreciation deduction on a rental property
Depreciating a short-term rental over 27.5 years instead of 39
Not depreciating (or depreciating over an incorrect time frame) any other capital expenditure, like a new fence, stove, or roof
The above scenarios are examples of disallowed tax positions that need to be fixed in order to be compliant with tax law and IRS regulations.
¹ Price for most one-item automatic change requests via Form 3115. Requires custom quote.
² $0 starting rate for income tax filing including the reporting of the change of depreciation method. See Annual Tax Preparation for a list of included services and terms.
³ For any assets analyzed during a cost segregation study, including assets that may have required an automatic change request via Form 3115 even without completion of the study.