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AICPA ENGAGE 2019


TAX19ER04 - Change of Accounting Method


Jun 13, 2019 7:00am ‐ Jun 13, 2019 7:50am

Standard: $49.00

Description

What is a method of accounting and how and why should it ever be changed? Often when we find an error on a return, we think the solution is amending the return. But if a method is involved a different solution is required. Also, the TCJA allows more favorable accounting methods for small businesses. To change from a pre-TCJA method to a new permissible one, a change in method and Form 3115 is required. 

This session will:

  1. Explain the change in method process, rationale, and practice tips.
  2. Learn to recognize a method and how to change it if desired or required.
  3. Learn how to compute a Section 481(a) adjustment and complete Form 3115 to change an accounting method.

Speaker(s):

Tags: TAX CFP EA

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