If a change requires more energy to maintain than the current state, the change
, even if initially achieved, is unlikely to persist.
For example, taxpayers changing from Category A methods in a 90-day window after being contacted for examination were required to effect the change
in the earliest year under examination.
A standard report is one with no reference to the change
in accounting principle.
LIFO method changes), however, the "cutoff" method should be employed to effect the change
in accounting method.
Ask yourself and those who are managing the change
The IRS argued that the taxpayer's amended returns were unauthorized changes in method of accounting because the change
from amortization to deduction was one of timing.
Section 6 describes how the change
should be effected.
382(h)(6)(A) or (B) only if an accrual-method taxpayer would have included the item in income or been allowed a deduction for it before the change
The legislative history states that the regulations may provide an option for corporations to determine change-year income or loss as if they had closed their books as of the change
Depreciation in the change
year hinges on the particular property's MACRS rules.