Preparing Form 3115 for Changes in Accounting Method: Reporting the Section 481(a) Adjustment
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will walk tax preparers through the preparation of Form 3115, Application for Change in Accounting Method, common scenarios that require its filing, and the corresponding recognition of the adjustment under Section 481(a).
- Changes in accounting method: an overview
- Circumstances requiring a change in accounting method
- Preparing Form 3115
- Automatic and nonautomatic changes
- Section 481(a) adjustment
- Recent legislative changes
- Best practices
The panel will cover these and other important issues:
- What constitutes a change in accounting method and requires filing Form 3115?
- How are Section 481(a) adjustments calculated and made?
- How to deal with method changes required to be reported on a cut-off basis.
- What recent updates require filing Form 3115?
Senior Manager - Washington National Tax
As part of RSM’s Washington National Tax practice, Mr. Corcoran specializes in federal accounting methods areas... | Read More
As part of RSM’s Washington National Tax practice, Mr. Corcoran specializes in federal accounting methods areas such as capitalization, depreciation, and income and expense recognition. He also assists offices in the firm with questions related to accounting periods and has experience with analyzing and reviewing existing accounting methods for compliance and optimization.Close