My understanding is thisIf I want to stop accounting for inventory then I need to fill out 3115. And only this year I have to show my 2021 inventory purchases a...
You said:-----------------If you choose not to keep an inventory, you won’t be treated as failing to clearly reflect income if your method of accounting for inv...
Form 3115 is for people who wants to change the method of accounting of inventory.I want to completely stop accounting for inventory. I checked form 3115 but I ...
But in the link below it says I dont have tohere is the excerptNote that, if you are a small business taxpayer, you are not required to keep an inventory for fe...