PROCESS
Form 3115 Preparation Service
1.
Free
Assessment
We review your situation and determine if a method change applies and whether it's automatic or non-automatic.
2.
Calculation
& Preparation
We calculate your Section 481(a) adjustment and prepare the full Form 3115.
3.
Filing
& Support
We handle attachments, IRS procedural requirements, and file on your behalf.
SERVICES
Form 3115 Provides
Depreciation & Amortization Change
Correct depreciation errors, recover missed deductions, and remove assets that should no longer be depreciated. Common issues include incorrect asset lives, unclaimed depreciation, and "ghost assets" that remain on the depreciation schedule after being disposed of.
Expense Recognition & Tangible Property Regulations
Determine whether costs should be deducted as repairs or capitalized as improvements, and ensure materials and supplies are treated correctly under the tangible property regulations. These changes can accelerate deductions while keeping your tax reporting compliant.
Revenue Recognition
Review how and when revenue is recognized to ensure compliance with current tax rules. This commonly applies to advance payments, deferred revenue, subscriptions, service contracts, and other income received before it is earned.
Overall Method Changes
Evaluate whether the cash or accrual method is the best fit for your business. Switching accounting methods can improve compliance and ensure your tax reporting reflects your current operations.
Common Changes
Identify and correct common accounting method issues involving business expenses, accrued liabilities, and prepaid costs. Proper treatment helps maximize deductions and ensure accurate tax reporting.
ABOUT
Our Filing Services
We partner with CPA firms and businesses to identify, evaluate, and implement accounting method changes that maximize tax savings while remaining fully compliant with IRS regulations. Our team determines whether a change is appropriate, identifies if it qualifies as an automatic or non-automatic method change, and prepares all required Form 3115 filings.
From calculating Section 481(a) adjustments to navigating complex IRS guidance, we manage the entire process from start to finish. With decades of experience (including professionals from Big Four national accounting methods practices) we provide practical, technically sound solutions tailored to each client's unique situation.
Whether you're evaluating a single opportunity or developing an ongoing strategy, we're here to help you identify savings, reduce risk, and simplify the accounting method change process.
APPROACH
How It Works
IRS Form 3115 is the official application you need when you want to change your accounting method or how you handle a particular financial item. Although many folks talk about a "free" or DIY filing option, it's important to note that this form is actually a detailed, multi-page legal document. It involves following specific IRS procedures, calculating a Section 481(a) adjustment, and including necessary attachments.
FAQ
Your Questions, Answered