I'm hoping that John Koskinen the IRS Commissioner will take notice of this. I have some hope because I have the impression that Tax Girl and the Commish are buds. If he can act quickly he still has a chance to prevent this tax season from being even more hellish than it has to be thanks to ACA and budget cuts. Right now the more respectable contingent of the tax preparer community is preparing to cut down a couple of forests and ship millions of pointless forms to Ogden, UT Only Mr. Koskinen can save those trees.
Hey guys. We know we just told you to change everybody's accounting method. We know that you are all good doobies and want your clients to be in compliance, so just account for the stuff that we told you about the way we told you to on a go forward basis. We're giving you an extra special advance permission this year. Don't cut down a couple of forests and ship them to Ogden Utah. If you want to do it retroactive, that's cool. Knock yourself out and do a From 3115. Just don't be chazzer, because we might be able to actually look at a few of them. Hope you get some big fees out of those. We rarely mention this but much of the whole deal is a kind of white collar jobs program to transfer some wealth from the ultra wealthy to the upper middle class. This repair reg thing has been great for that purpose. So all you big time partners go out and get bigger houses and it will trickle down some more. It would really be nice if you let some Americans do the actual work, but we'll let it be your call. We don't want to terrorize the little people though, so they don't have to file all these forms and neither do you unless you can get a good fee out of it. We promise not to come in five years from now and disallow depreciation deductions because somebody could have written the stuff off in a 481 adjustment on their 2014 return. We promise not to pull anybody's ticket or assess preparer penalties or accuracy penalties to anybody for not filing a Form 3115 for 2014. Have a nice tax season.
Your pals at the IRS.