Page 1
You must mark this form as either Business or Individual. If you mark the Individual box, you must enter T for the taxpayer, S for the spouse, or J for a joint return. Information is then carried over from the General Information Sheet.
Read each item and mark the appropriate box. By pressing F9 where indicated, you may link to the appropriate statement needed to list information. If you answer Yes on line 3, the applicant is not eligible to request the change in accounting method under automatic change request procedures.
Page 2
Read each item and mark the appropriate box. Press F9 on to link to a statement on line 6. If you answer Yes to line 7, the applicant is not eligible to request the change in accounting method.
Page 3
Read each item and mark the appropriate box. Press F9 to link to a statement on line 12d.
Page 4
On line 1, enter the amounts on lines 1a through 1h as of the close of the tax year preceding the year of change. If none, select the check box. On line 2, select the applicable check box to indicate if the applicant is also requesting the recurring item exception (section 461(h)(3)). The total from this page carries to page 3, line 25. You may attach a statement to this sheet using a blank form.
Page 6
Read each item and mark the appropriate box. Attach explanations or statements using a blank form.
Page 7
Complete the applicable lines for the present method and proposed method. Attach lists to applicable lines using a blank form.
Page 8
Read each item and mark the appropriate check box. By pressing F9 on line 4a or 7b, you may link to the appropriate statement needed to list information.
This information applies to all years of the UltimateTax software.
