I previously used the accrual method to report interest income on my past Series EE bonds (which I cashed in a few years ago). I would like to switch from Method 2 (accrual) to Method 1 (cash) for the Series I bonds that I purchased in 2022, and would like to know the correct and easiest way to obtain permission from the IRS to do this. I haven't filed my 2022 tax return yet, and I have looked at Form 3115 and am overwhelmed with the form and not certain how to fill it out properly. Is there a better way to obtain permission to switch back to the cash method?
