Please see the answers to your questions.
- -#2: This form will not be filed when you mail your tax return. If you do e-file (assumes Form 3115 is not completed) and if Form 8453 is required, it will be mailed within three days after acceptance of your e-filed return by the IRS. It's important not to delay the filing of 3115 which must be accompanied with your Form 1040 in the year of the change.
- #3: Yes, that is what is being said. The unfavorable difference can be spread over four tax years. (IRS Section 4.11.6 Change in Accounting Methods)
@sking10
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