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Business & farm
Yes you will need to notify the IRS of you change to accrual method.
To request a change in your accounting method, use Form 3115. You can file Form 3115 any time after the first day of the year. The earlier you file the form, the more time the IRS has to work through any issues.
IRS: Application for Change in Accounting Method
Correct Accounting Method for Schedule C
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‎February 15, 2023
8:11 AM
8,750 Views