Accounting Methods Archives

Temporary Procedures Allow Taxpayers to Fax Required Duplicate Copy of Form 3115, Application for Change in Accounting Method

Due to COVID-19 concerns, the IRS has provided temporary procedures that allow taxpayers to fax the required duplicate copy of Form 3115, Application for Change in Accounting Method, when making an accounting method change using the automatic consent procedures....

Nov 11, 2019

IRS Publishes Updated List of Automatic Accounting Method Changes in Rev. Proc. 2019-43

The IRS recently published Rev. Proc. 2019-43, which is an updated list of automatic accounting method changes....

Mar 29, 2018

Tax Reform is Here: What You Must Know About Accounting Methods

Simply put, accounting methods are how income and expenses are reported for tax purposes. Changing a taxpayer’s accounting method may seem as easy as switching a setting in QuickBooks, but it’s actually a complex process that requires knowledgeable, experienced professionals to help organizations deal with the required IRS formalities....

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Temporary Procedures Allow Taxpayers to Fax Required Duplicate Copy of Form 3115, Application for Change in Accounting Method

IRS Publishes Updated List of Automatic Accounting Method Changes in Rev. Proc. 2019-43

Tax Reform is Here: What You Must Know About Accounting Methods