Finanse publiczne · 31/12/1997

Final Regulations Provide Procedures for Requesting Time Extensions for Tax Elections and Accounting Method Changes

The IRS has released final regulations outlining the procedures for taxpayers to request extensions to make certain elections under the Internal Revenue Code, including changes in accounting method and accounting period, and the standards for granting these extensions. The regulations also set a deadline for filing Form 3115, Application for Change in Accounting Method, with the IRS.