According to what I have read, to accept the new regulations requires the filing of form 3115 because it is considered a change in accounting method. A taxpayer seeking to change to a method of accounting permitted in the final regulations must secure the IRS’s consent before implementing that new method
Form 3115
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According to what I have read, to accept the new regulations requires the filing of form 3115 because it is considered a change in accounting method. A taxpayer seeking to change to a method of accounting permitted in the final regulations must secure the IRS’s consent before implementing that new method -
I know inserting a statement that there is no 481a adjustment makes us feel better, but it is really not necessary.Comment
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