If I do not choose the simplified method this year, can I choose it in a later year? My understanding is "No", since I can only make the election in the first year I am eligible. Basically, once you choose (in your first year eligible), simplified or not-simplified, you are stuck with it for life. Is this correct? (I am ignoring caveats such as obtaining consent from the IRS; regular folks don't deal with the IRS at such level).
