you don't get to pick and choose the years to correct. it's all of them.
I'll repeat
Once an incorrect accounting method has been used for two years, aForm 3115...
I would first call the IRS to see if the payment caught up with their records in which case nothing needs to be done. if not, then on or before 6/19 to avoid th...
for rental property the ground rent would be deductible but you are subject to rules that vary based on how you rent it out
https://accountants.intuit.com/comm...
does the letter explain what these penalties are for. they could be penalties for underpayment of estimated taxes which has nothing to do with payment of your b...