Chapter Meetings Notice:
If you are interested in presenting a tax topic for continuing education credit to the Northern Virginia Chapter, please click here for the “Call for Speakers” form.
Date: July 28, 2021
Time: 6:30-9:00 p.m.
Location: Anthony’s Restaurant, 3000 Annandale Rd, Falls Church, VA 22042
Topic: Form 3115: Rental Property Declaration Corrections
Program Number: QSRNU-T-00484-21-I
Tax professionals occasionally receive new clients who have either self-prepared their taxes using Turbo Tax or have their tax returns prepared by tax professionals who have omitted depreciation or used incorrect cost basis amounts for earlier tax years. When depreciation adjustments are required for multiple years, the Form 3115 can be very useful and practical to make these corrections. This presentation will discuss the theory of the changes and highlight the process, discussing key requirements of the Form 3115 and how to interface with the Schedule E. Additionally, lessons learned from the experience of multiple submissions will be discussed.
Speaker: Lew Goldberg, EA
Lewis J. “Lew” Goldberg is an Enrolled Agent, operating his own tax practice in the Northern Virginia area. Nearing the end of his 25 year in the U. S. Army, Lew took training with H&R Block in and started his own tax preparation in 1989. Lew, along with his daughter, Kim Goldberg Cooper, currently serve just over 200 clients. The majority of these clients live in the Washington, D. C. metro area, but the practice serves clients throughout the United States and taxpayers living overseas. Focusing primarily on preparing individual returns and tax planning, Lew’s company also prepares business returns, performs bookkeeping and accounting functions and offers retirement planning. Lew became an Enrolled Agent in 2015. He is a member of National Association of Tax Professionals (NATP), the National Society of Accountants (NSA) and the National Association of Enrolled Agents (NAEA). He has completed National Tax Practice Institute’s Level 1 and Level 2 programs.
CE credit: 1
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