The Internal Revenue Service has revised Form 3115, Application for Change in Accounting Method, and its instructions, for the first time since 2009.
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To allow a reasonable transition to the December 2015 Form 3115, the IRS will accept either the December 2015 Form 3115 or the December 2009 Form 3115 filed on or before April 19, 2016, except where the use of the December 2015 Form 3115 is specifically required in guidance published in the Internal Revenue Bulletin.
Taxpayers filing Forms 3115 after April 19, 2016 must use the December 2015 Form 3115. The IRS is encouraging taxpayers to use the December 2015 Form 3115 prior to April 20, 2016.