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Level 2
September 2, 2022
Question

How to change from cash to accrual on the 1120-s tax return?

  • September 2, 2022
  • 1 reply
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1 reply

sjrcpa
Level 15
September 2, 2022

Check the accrual box. Prepare Form 3115.

Include the 481(a) adjustment on the return.

Why?

The more I know the more I don’t know.