Fillable Form 3115 - Application For Change In Accounting Method (Page 3 of 8) in pdf

Form 3115 (Rev. 12-2015)

Page

Part II

Information for All Requests (continued)

Yes No

If the applicant is either (i) not changing its overall method of accounting, or (ii) changing its overall method of

accounting and changing to a special method of accounting for one or more items, attach a detailed and

complete description for each of the following (see instructions):

a The item(s) being changed.

b The applicant’s present method for the item(s) being changed.

c The applicant’s proposed method for the item(s) being changed.

d The applicant’s present overall method of accounting (cash, accrual, or hybrid).

15 a Attach a detailed and complete description of the applicant’s trade(s) or business(es).

b If the applicant has more than one trade or business, as defined in Regulations section 1.446-1(d), describe

(i) whether each trade or business is accounted for separately; (ii) the goods and services provided by each trade

or business and any other types of activities engaged in that generate gross income; (iii) the overall method of

accounting for each trade or business; and (iv) which trade or business is requesting to change its accounting

method as part of this application or a separate application.

Note: If you are requesting an automatic method change, see the instructions to see if you are required to

complete Lines 16a–c.

16a Attach a full explanation of the legal basis supporting the proposed method for the item being changed. Include a

detailed and complete description of the facts that explains how the law specifically applies to the applicant’s

situation and that demonstrates that the applicant is authorized to use the proposed method.

b Include all authority (statutes, regulations, published rulings, court cases, etc.) supporting the proposed method.

c Include either a discussion of the contrary authorities or a statement that no contrary authority exists.

Will the proposed method of accounting be used for the applicant’s books and records and financial statements?

For insurance companies, see the instructions.

If “No,” attach an explanation.

Does the applicant request a conference with the IRS National Office if the IRS National Office proposes an adverse response?

19a If the applicant is changing to either the overall cash method, an overall accrual method, or is changing its method of

accounting for any property subject to section 263A, any long-term contract subject to section 460 (see 19b), or

inventories subject to section 474, enter the applicant’s gross receipts for the 3 tax years preceding the tax year of change.

1st preceding

2nd preceding

3rd preceding

year ended:

yr.

mo.

b If the applicant is changing its method of accounting for any long-term contract subject to section 460, in addition

to completing 19a, enter the applicant’s gross receipts for the 4th tax year preceding the tax year of change:

4th preceding year ended:

mo.

yr.

Part III

Information for Non-Automatic Change Request

Yes No

Is the applicant’s requested change described in any revenue procedure, revenue ruling, notice, regulation, or

other published guidance as an automatic change request? .

If “Yes,” attach an explanation describing why the applicant is submitting its request under the non-automatic

change procedures.

Attach a copy of all documents related to the proposed change (see instructions).

Attach a statement of the applicant’s reasons for the proposed change.

If the applicant is a member of a consolidated group for the year of change, do all other members of the

consolidated group use the proposed method of accounting for the item being changed? .

If “No,” attach an explanation.

24 a Enter the amount of user fee attached to this application (see instructions).

▶

b If the applicant qualifies for a reduced user fee, attach the required information or certification (see instructions).

3115

Form

(Rev. 12-2015)

Form 3115 - Application For Change In Accounting Method Page 3

Related Articles

Related forms

Related Categories