Hello everyone, this is Shana, your tax goddess. I have some breaking news from the IRS. Back in 2014, the IRS passed regulations pertaining to repair and capitalization. This means that any business, whether it's a rental property, small business, or larger business, that has depreciable property put into service before 2014, must file a Form 3115 for an accounting method change to comply with the new regulations. As more news comes in, we will keep you updated in the blog post below. You will find links to articles on the topic and some of my notes. It's important to note that filing tax returns prior to the IRS's release of the finalized Form 3115 will be very difficult. We are reliant on the IRS to complete their forms before proceeding with filing the returns. Once the Form 3115 is completed and updated to meet the latest regulations and codes, we can proceed with the filing process. In the meantime, we will work on completing the returns, excluding the Form 3115. In many cases, we can get the returns to 95% completion and then update the form later. If you have any questions, please feel free to call or email me. Email is the fastest way to reach me at Shana@taxgoddess.com. Thank you and have a great day.