What if taxpayer entered the wrong macrs asset code, Taxation

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What if taxpayer entered the wrong macrs asset code

Problem: A taxpayer entered the wrong MACRS asset code for an asset that produced smaller deductions than intended. The taxpayer contended that the correction was the correction of an error, and not a change of accounting method. Is this a change of accounting method? Explain.

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Taxation: What if taxpayer entered the wrong macrs asset code

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Taxation: What if taxpayer entered the wrong macrs asset code

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