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Your list does not make sense:

“* Not expensing any capital goods over $500.”

For 2014 businesses can Sec. 179 expense up to $500,000. Your line indicates that businesses can not Sec. 179 expense an item with a value over $500. That is not true.

“* You are exempt if you hire a major auditing firm....” This is absolutely false. No matter who does the work, the client is always on the hook.

I still need more information if you want to go down this path.

I think I need a little more info. Section 3115 is to request a Change in Accounting method for IRS purposes. It covers a lot more than Section 179 expense.

If the IRS recommended to disallow section 179 expense of items over $500, there would be a business community melddown. This past year, businesses could use section 179 expense up to $500,000.

Either your accountant suffered a lunch coma and did not hear things correctly or he did not communicate with you very well.