Investors & landlords

Thank you very much for the response, @Carl . I'll start to reach out to CPA's in my area.

 

A couple quick follow-up Q's:

 

(1) Is there reputable online CPA service you would recommend?

 

(2) When you say form 3115 will be needed to get on the right track, does "the right track" provide an opportunity to recoup lost $ from past returns due to the mistake or just going to get things corrected moving forward? I'm just hoping for some level of encouraging news as this appears to be a costly mistake. 🙂

 

Thanks again