We are working on section 481(a) adjustment.
My accountant and I have different thinking.
We have a net negative adjustment, but we can not be sure “ Yes “ or “ No “ answer on question 28 that asked “ Is the applicant making an election to take the entire amount of the adjustment into account in the tax year of change? “
I need help clarifying the meaning of this question and the answer “ Yes “ or “ No “ for this question.
Thank you.
