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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (479)	8/30/1998 6:24:00 PM
From: Kaye Thomas	Read Replies (1) \| Respond to of 1383

I agree totally concerning the availability of a number of elections after the return due date. You left out a big one: the election to file a joint return. But when you get into the area of electing methods of accounting, there's a uniform rule against permitting retroactive elections, and that's why I would be surprised to see the IRS allow a section 475 election to be made after the return due date. Kaye Thomas, author Fairmark Press Tax Guide for Investors fairmark.com