Skip to main content
March 27, 2024
Question

MTM 3115 accounting method change

  • March 27, 2024
  • 1 reply
  • 0 views

Hello - I am a qualified MTM TTS (I submitted for 475 election in 2022) and I have changed my accounting method to 3115 when my CPA filed my taxes last year in 2023. 

 

now in 2024, I wanted to know if I need to submit a 3115 form again to change my accounting method? Is this something I have to submit every year? or is it only once I need to submit it?

 

thank you! 

1 reply

olio1987Author
August 22, 2024

I found out - the answer is no. once changed its changed forever