Please note that this program was produced prior to the release of IRS Rev. Proc. 2015-20 which modified the requirements as to when a Form 3155 needs to be prepared and filed. The tax preparer should familiarize yourself with the new Revenue Procedure when determining whether a Form 3115 needs to be filed
Parts of this program were modified by the release of IRS Rev. Proc. 2015-20 after the program was taped. Please refer to the Revenue Procedure