A Walk-Through Form 3115 Filings for a Typical Dealership …

Final Tangible Property Regulations CAMs

September 2, 2015 … 1:00 PM – 3:00 PM Eastern

Join Willard J. De Filipps, CPA as he guides practitioners through the preparation of Forms 3115 (that need to be filed to comply with the Final Tangible Property Regulations – “TPRs”) for 2014 dealership tax returns.  This presentation reflects the new change in accounting method (CAM) procedures in Revenue Procedures 2015-13, -14 & -20 … Just the essentials practitioners need to comply with the Final TPRs and protect dealer clients as the “moment of truth” and the filing deadlines approach.

Program Content Topics:

Form 3115 filing requirements as recently set forth in Revenue Procedures 2015-13 & 2015-14 (for larger taxpayers) and Revenue Procedure 2015-20 (for smaller taxpayers)

Form 3115 filing instructions, procedures and considerations for more frequently encountered dealership CAMs …

  • CAM #184 … Deducting Repairs, Capitalizing Improvements and Identifying Units of Property
  • CAM #186 … Deducting Nonincidental Materials and Supplies When Used or Consumed
  • CAM #187 … Deducting Incidental Materials and Supplies When Paid or Incurred
  • CAM #192 … Capitalization of Acquisition, Transaction and Facilitative Costs
  • CAM #7 … Depreciation Changes from Impermissible to Permissible Useful Lives for Depreciable Assets
  • CAM #196 … Late Partial Asset Disposition Election
  • Other CAMs

Learning Objectives:

After completing this course, participants will have better knowledge of Revenue Procedures applicable to changes in accounting methods (CAMs) in 2014 to comply with the Final Tangible Property Regulations.  Participants will also be able to appropriately complete Forms 3115 in order to make these frequently encountered dealership CAMs.  Note:  This seminar will not include a discussion of the elections dealerships may be required to make to further their compliance with the Final Tangible Property Regulations.

View the full seminar brochure for more details.

Additional Information:

Each site registration includes 2 hours of recommended CPE for the Registrant attendee.  Additional CPE Certificates may be purchased separately.

Recordings of this presentation are available for purchase and will be shipped 5-7 business days following the live broadcast. There is a discount available on the purchase of these recordings if you also purchase a site registration for the live event. The discount coupon code is provided once your registration is complete.

Members of De Filipps University are eligible for a 15% discount on their site registration and on recording purchases.  Please contact Kristin (kristin@defilipps.com) if you have not yet received your Member discount code.

*You will be taken to our dedicated webinar page to register for this seminar. If you need to purchase additional CPE certificates and/or program recordings, please return to this page and use the navigation links on the bottom of this page to complete your purchase.

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