Which of the following is a true statement about a request for a change in accounting method?
A) Some requests are automatically granted.
B) Most requests require the permission of the Commissioner.
C) Many requests require payment of a fee and a good business purpose for the change.
D) Form 3115 is required to be filed with a request for change in accounting method.
E) All of the choices are true.

Question

Quizplus · Accepted Answer

All the statements are true regarding a request for a change in accounting method. Some requests are automatically granted, most require the Commissioner's permission, many require a fee and a valid business purpose, and Form 3115 is typically required.

Which of the Following Is a True Statement About a Request