dascpa
Level 12
06-19-2024
08:25 AM
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New biz client. Tax return reports cash basis but they've actually been using the accrual basis. If I do a 3115 it will have zero effect. Hoping someone will tell me to just change the checkbox to accrual and move on. Opinions?
In 9 days have been referred to three new business clients as their accountant is retiring (3 different accountants). One got a new girlfriend and wants to spend her money, two is ill and three just wants out. Weird coincidence in a little over a week.
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