KP96
Level 2

Get your taxes done using TurboTax

Thanks for this detail.

 

My question is does the IRS allow a change from simplified method to non-simplified method ?  

My understanding is that there are some implications to this if prior years are using the simplified method and there are foreign tax credit carryovers.   in my case I have a large amount of carryovers as my income is 100% foreign and pay local foreign tax.