Form 3115 - Application for Change in Accounting Method

The taxpayer can file one Form 3115 if he or she chooses to request to change to the cash method and to change to account for inventoriable items as non-incidental materials and supplies. Two procedures exist under which an applicant may request a change in method of accounting:

• AUTOMATIC CHANGE REQUEST PROCEDURES. Unless otherwise provided in published guidance, you must file under the automatic change request procedure if:
• the change in method of accounting is included in those procedures for the requested year of change, and;
• you are within the scope of those procedures for the requested year of change/
• ADVANCE CONSENT REQUEST PROCEDURES. If you are not within the scope of any automatic change request procedures for the requested year of change, you are requesting  is not included in those procedures for the requested year of change, you may be able to file under the advance consent request procedures.

For more information about form 3115 visit: Form 3115