twatson96
Level 1
03-04-2025
06:04 PM
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I have a negative 481(a) on 1120s from a change in cash to accrual. I have completed the 3115, as well as recorded as a permeant adjustment on the M-3. However, the return is still out of balance by this amount. The 3115 information is obviously not flowing into the 1120s, so where else do I need to record this adjustment?
Accountant-Man
Level 13
03-08-2025
03:57 PM
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Other income. It should also be on the M-1.
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