Matter Regarding Accrual Adjustments

[mpserv]

My client is a member of a Florida LC, which is a service company. He believes he is a limited partner. This LC issued revised K-1s which seem to indicate large cash to accrual adjustments.

Is there any reason that would have spurred this change? Also, before I attempt to contact the general partner, has anyone ever encountered a situation like this?

Thanks in advance,

Michael

[BOB W]

I believe.......

..... this switch required IRS approval. There should of been an IRS letter spelling out the required adjustments. You should get a copy of that letter.