Thanks a lot. I tried to post a response 2 days ago but it didn't go through.
A friend who is a licensed CPA told me that by filing this Form 3115, etc. for the past many years, a drawback ia all these years will now be open up for audit. But in normal cases, audits won't happen for filings more than 3 (?) years old.
Is this true? Are there other downsides and reminder to be aware of?
Thanks a bunch.
