Instructions for IRS Form 3115 Application for Change in Accounting Method

IRS Form 3115 Application for Change in Accounting Method

This document contains official instructions for IRS Form 3115 , Application for Change in Accounting Method - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 3115 is available for download through this link.

FAQ

Q: What is IRS Form 3115?
A: IRS Form 3115 is an application for a change in accounting method.

Q: When should I use IRS Form 3115?
A: You should use IRS Form 3115 when you want to change the way you account for income, expenses, or other items on your tax return.

Q: How do I file IRS Form 3115?
A: You can file IRS Form 3115 by mail or electronically through the Modernized e-File (MeF) system.

Q: What information is required on IRS Form 3115?
A: IRS Form 3115 requires information about your business, details of the accounting method change, and the reason for the change.

Q: Are there any fees associated with filing IRS Form 3115?
A: Yes, there is a user fee associated with filing IRS Form 3115. The fee amount varies depending on the taxpayer's average annual gross receipts.

Q: Can I e-file IRS Form 3115?
A: Yes, you can e-file IRS Form 3115 using the Modernized e-File (MeF) system.

Q: Is it necessary to attach any supporting documents with IRS Form 3115?
A: Yes, you are required to attach certain supporting documents with IRS Form 3115, such as a description of the accounting method being changed and a statement of the adjustment resulting from the change.

Q: What happens after I file IRS Form 3115?
A: After you file IRS Form 3115, the IRS will review your application and may request additional information or clarification.

Q: Can I appeal the IRS's decision on my IRS Form 3115 application?
A: Yes, if the IRS denies your application for a change in accounting method, you have the right to appeal the decision.