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Non-automatic change in accounting method

  • 1.  Non-automatic change in accounting method

    Posted 02-12-2019 15:27
    I was wondering if anyone has filed a Non-Automatic change in accounting method for exempt long-term contracts. We have a client who is on the accrual method and using CCM for their long-term contracts. They are under the $25mil small contractor exemption. But they want to switch to PCM. My understanding that the switch would be a non-automatic change and subject to the $9,500 fee and they would need to apply during the year they want to switch since they need the IRS's consent. Does anyone know how long it is taking the IRS to respond?

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    Christine Ulibarri CCIFP, CPA
    Shareholder
    BeachFleischman PC
    Phoenix AZ
    (602) 792-5941
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  • 2.  RE: Non-automatic change in accounting method

    Posted 02-18-2019 12:46
    ​Christine,

    Hey give me a call to discuss.  It's hard to answer the question without a little more info.

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    Stephan King CPA/PFS
    Scottsdale AZ
    (480) 407-4410
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