Accounting Method Change

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • Florida_EA
    Senior Member
    • Aug 2017
    • 153

    #1

    Accounting Method Change

    Client is a partnership that filed its first 1065 tax return in 2020 on a cash basis. In 2021 wants to change to either hybrid or accrual method. IRS will probably allow this change provided the Form 3115 is filed. Is there any exception to the filing of Form 3115 in this situation to go from cash to hybrid or accrual
Working...