Cash vs Accrual change

[manceandpeters]

I have a corporate client that in 2017 became ineligible to continue using the cash method, however under the new law they could still continue as cash. I am afraid we are stuck changing, but I am hoping someone can shed some light on this issue for me. Thanks in advance.

[TAXNJ]

Have you....

I have a corporate client that in 2017 became ineligible to continue using the cash method, however under the new law they could still continue as cash. I am afraid we are stuck changing, but I am hoping someone can shed some light on this issue for me. Thanks in advance.

looked at the following:

https://www.irs.gov/forms-pubs/about-form-3115

[manceandpeters]

Cash vs Accrual 2018

Yes, I know they would be required to change as things were. I was hoping there was some retroactive portion of the 2018 law I might could use. I was hoping someone else had a similar issue, and had a better interpretation.