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Freestatetax 12. Freestatetax Filing Form 720 Table of Contents Attachments to Form 720. Freestatetax Conditions to allowance. Freestatetax Use Form 720 to report and pay the excise taxes previously discussed in this publication. Freestatetax File Form 720 for each calendar quarter until you file a final Form 720. Freestatetax For information on filing Form 720 electronically, visit the IRS e-file website at www. Freestatetax irs. Freestatetax gov/efile. Freestatetax You may be required to file your returns on a monthly or semimonthly basis instead of quarterly if you do not make deposits as required (see Payment of Taxes, later) or are liable for the excise tax on taxable fuels and meet certain conditions. Freestatetax Form 720 has three parts and three schedules. Freestatetax Part I consists of excise taxes generally required to be deposited (see Payment of Taxes, later). Freestatetax Part II consists of excise taxes that are not required to be deposited. Freestatetax Part III is used to figure your tax liability for the quarter and the amount of any balance due or overpayment. Freestatetax Schedule A, Excise Tax Liability, is used to record your net tax liability for each semimonthly period in a quarter. Freestatetax Complete it if you have an entry in Part I. Freestatetax Schedule C, Claims, is used to make claims. Freestatetax However, Schedule C can only be used if you are reporting a liability in Part I or Part II. Freestatetax Schedule T, Two-Party Exchange Information Reporting, is used to report certain exchanges of taxable fuel before or in connection with the removal at the terminal rack. Freestatetax Attachments to Form 720. Freestatetax You may have to attach the following forms. Freestatetax Form 6197 for the gas guzzler tax. Freestatetax Form 6627 for environmental taxes. Freestatetax Form 720X. Freestatetax This form is used to make adjustments to Forms 720 filed in prior quarters. Freestatetax You can file Form 720X by itself or, if it shows a decrease in tax, you can attach it to Form 720. Freestatetax See Form 720X for more information. Freestatetax Conditions to allowance. Freestatetax For tax decreases, the claimant must check the appropriate box on Form 720X stating that: For adjustments of communications or air transportation taxes, the claimant has: Repaid the tax to the person from whom it was collected, or Obtained the consent of that person to the allowance of the adjustment. Freestatetax For other adjustments, the claimant has: Not included the tax in the price of the article and not collected the tax from the purchaser, Repaid the tax to the ultimate purchaser, or Attached the written consent of the ultimate purchaser to the allowance of the adjustment. Freestatetax However, the conditions listed under (2) do not apply to environmental taxes, the ship passenger tax, obligations not in registered form, foreign insurance taxes, fuels used on inland waterways, cellulosic or second generation biofuel sold as but not used as fuel, biodiesel sold as fuel but not used as fuel, and certain fuel taxes if the tax was based on use (for example, dyed diesel fuel used in trains, LPG, and CNG). Freestatetax Final return. Freestatetax File a final return if: You go out of business, or You will not owe excise taxes that are reportable on Form 720 in future quarters. Freestatetax Due dates. Freestatetax Form 720 must be filed by the following due dates. Freestatetax Quarter Covered Due Dates January, February, March April 30 April, May, June July 31 July, August, September October 31 October, November, December January 31 If any due date falls on a Saturday, Sunday, or legal holiday, you can file the return on the next business day. Freestatetax One-time filing. Freestatetax If you import a gas guzzling automobile, you may be eligible to make a one-time filing using your SSN if you: Do not import gas guzzling automobiles in the course of your trade or business, and Are not required to file Form 720 reporting other excise taxes for the calendar quarter, except for a one-time filing. Freestatetax If you meet both requirements above, see Gas guzzler tax (IRS No. Freestatetax 40) in the Instructions for Form 720 for how to file and pay the tax. Freestatetax Payment voucher. Freestatetax Form 720-V, Payment Voucher, must be included with Form 720 if you have a balance due on line 10 of Form 720 and you are making your payment by check or money order. Freestatetax Prev Up Next Home More Online Publications
Who Can I Claim as a Dependent?
Information You Will Need:
- Marital status, relationship to the dependent and the amount of support provided
- Basic income information such as your adjusted gross income
- If no person supplied more than half of the potential dependent's support, the terms of any multiple support agreement you may have
Estimated Completion Time: 15 minutes. However: 5 minutes of inactivity will end the interview and you will be forced to start over.
Page Last Reviewed or Updated: 14-Feb-2014
Freestatetax 2. Freestatetax Accounting Methods Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Accounting MethodsCash Method Accrual Method Farm Inventory Cash Versus Accrual Method Special Methods of Accounting Combination Method Changes in Methods of Accounting Introduction You must use an accounting method that clearly shows your income and expenses. Freestatetax You must also figure your taxable income and file an income tax return for an annual accounting period called a tax year. Freestatetax This chapter discusses accounting methods. Freestatetax For information on accounting periods, see Publication 538, Accounting Periods and Methods, and the Instructions for Form 1128, Application To Adopt, Change, or Retain a Tax Year. Freestatetax Topics - This chapter discusses: Cash method Accrual method Farm inventory Special methods of accounting Changes in methods of accounting Useful Items - You may want to see: Publication 538 Accounting Periods and Methods 535 Business Expenses Form (and Instructions) 1128 Application To Adopt, Change, or Retain a Tax Year 3115 Application for Change in Accounting Method See chapter 16 for information about getting publications and forms. Freestatetax Accounting Methods An accounting method is a set of rules used to determine when and how your income and expenses are reported on your tax return. Freestatetax Your accounting method includes not only your overall method of accounting, but also the accounting treatment you use for any material item. Freestatetax A material item is one that affects the proper time for inclusion of income or allowance of a deduction. Freestatetax An item considered material for financial statement purposes is generally also considered material for income tax purposes. Freestatetax See Publication 538 for more information. Freestatetax You generally choose an accounting method for your farm business when you file your first income tax return that includes a Schedule F (Form 1040), Profit or Loss From Farming. Freestatetax If you later want to change your accounting method, you generally must get IRS approval. Freestatetax How to obtain IRS approval is discussed later under Changes in Methods of Accounting . Freestatetax Types of accounting methods. Freestatetax Generally, you can use any of the following accounting methods. Freestatetax Each method is discussed in detail below. Freestatetax Cash method. Freestatetax Accrual method. Freestatetax Special methods of accounting for certain items of income and expenses. Freestatetax Combination (hybrid) method using elements of two or more of the above. Freestatetax Business and other items. Freestatetax You can account for business and personal items using different accounting methods. Freestatetax For example, you can figure your business income under an accrual method, even if you use the cash method to figure personal items. Freestatetax Two or more businesses. Freestatetax If you operate two or more separate and distinct businesses, you can use a different accounting method for each business. Freestatetax Generally, no business is separate and distinct unless a complete and separate set of books and records is maintained for each business. Freestatetax Cash Method Most farmers use the cash method because they find it easier to keep records using the cash method. Freestatetax However, certain farm corporations and partnerships and all tax shelters must use an accrual method of accounting. Freestatetax See Accrual Method Required , later. Freestatetax Income Under the cash method, include in your gross income all items of income you actually or constructively received during the tax year. Freestatetax Items of income include money received as well as property or services received. Freestatetax If you receive property or services, you must include the fair market value (FMV) of the property or services in income. Freestatetax See chapter 3 for information on how to report farm income on your income tax return. Freestatetax Constructive receipt. Freestatetax Income is constructively received when an amount is credited to your account or made available to you without restriction. Freestatetax You do not need to have possession of the income for it to be treated as income for the tax year. Freestatetax If you authorize someone to be your agent and receive income for you, you are considered to have received the income when your agent receives it. Freestatetax Income is not constructively received if your receipt of the income is subject to substantial restrictions or limitations. Freestatetax Direct payments and counter-cyclical payments. Freestatetax If you received direct payments or counter-cyclical payments under Subtitle A or C of the Farm Security and Rural Investment Act of 2002, you will not be considered to have constructively received a payment merely because you had the option to receive it in the year before it is required to be paid. Freestatetax Delaying receipt of income. Freestatetax You cannot hold checks or postpone taking possession of similar property from one tax year to another to avoid paying tax on the income. Freestatetax You must report the income in the year the money or property is received or made available to you without restriction. Freestatetax Example. Freestatetax Frances Jones, a farmer, was entitled to receive a $10,000 payment on a grain contract in December 2013. Freestatetax She was told in December that her payment was available. Freestatetax She requested not to be paid until January 2014. Freestatetax However, she must still include this payment in her 2013 income because it was made available to her in 2013. Freestatetax Debts paid by another person or canceled. Freestatetax If your debts are paid by another person or are canceled by your creditors, you may have to report part or all of this debt relief as income. Freestatetax If you receive income in this way, you constructively receive the income when the debt is canceled or paid. Freestatetax See Cancellation of Debt in chapter 3. Freestatetax Deferred payment contract. Freestatetax If you sell an item under a deferred payment contract that calls for payment in a future year, there is no constructive receipt in the year of sale. Freestatetax However, if the sales contract states that you have the right to the proceeds of the sale from the buyer at any time after delivery of the item, then you must include the sales price in income in the year of the sale, regardless of when you actually receive payment. Freestatetax Example. Freestatetax You are a farmer who uses the cash method and a calendar tax year. Freestatetax You sell grain in December 2013 under a bona fide arm's-length contract that calls for payment in 2014. Freestatetax You include the proceeds from the sale in your 2014 gross income since that is the year payment is received. Freestatetax However, if the contract states that you have the right to the proceeds from the buyer at any time after the grain is delivered, you must include the sales price in your 2013 income, regardless of when you actually receive payment. Freestatetax Repayment of income. Freestatetax If you include an amount in income and in a later year you have to repay all or part of it, then you can usually deduct the repayment in the year repaid. Freestatetax If the repayment is more than $3,000, a special rule applies. Freestatetax For details, see Repayments in chapter 11 of Publication 535, Business Expenses. Freestatetax Expenses Under the cash method, generally you deduct expenses in the tax year you pay them. Freestatetax This includes business expenses for which you contest liability. Freestatetax However, you may not be able to deduct an expense paid in advance or you may be required to capitalize certain costs, as explained under Uniform Capitalization Rules in chapter 6. Freestatetax See chapter 4 for information on how to deduct farm business expenses on your income tax return. Freestatetax Prepayment. Freestatetax Generally, you cannot deduct expenses paid in advance. Freestatetax This rule applies to any expense paid far enough in advance to, in effect, create an asset with a useful life extending substantially beyond the end of the current tax year. Freestatetax Example. Freestatetax On November 1, 2013, you signed and paid $3,600 for a 3-year (36-month) insurance contract for equipment. Freestatetax In 2013, you are allowed to deduct only $200 (2/36 x $3,600) of the cost of the policy that is attributable to 2013. Freestatetax In 2014, you'll be able to deduct $1,200 (12/36 x $3,600); in 2015, you'll be able to deduct $1,200 (12/36 x $3,600); and in 2016 you'll be able to deduct the remaining balance of $1,000. Freestatetax An exception applies if the expense qualifies for the 12-month rule. Freestatetax See Publication 538 for more information and examples. Freestatetax See chapter 4 for special rules for prepaid farm supplies and prepaid livestock feed. Freestatetax Accrual Method Under an accrual method of accounting, you generally report income in the year earned and deduct or capitalize expenses in the year incurred. Freestatetax The purpose of an accrual method of accounting is to correctly match income and expenses. Freestatetax Certain businesses engaged in farming must use an accrual method of accounting for its farm business and for sales and purchases of inventory items. Freestatetax See Accrual Method Required and Farm Inventory , later. Freestatetax Income Generally, you include an amount in income for the tax year in which all events that fix your right to receive the income have occurred, and you can determine the amount with reasonable accuracy. Freestatetax Under this rule, include an amount in income on the earliest of the following dates. Freestatetax When you receive payment. Freestatetax When the income amount is due to you. Freestatetax When you earn the income. Freestatetax When title passes. Freestatetax If you use an accrual method of accounting, complete Part III of Schedule F (Form 1040) to report your income. Freestatetax Inventory. Freestatetax If you keep an inventory, generally you must use an accrual method of accounting to determine your gross income. Freestatetax An inventory is necessary to clearly show income when the production, purchase, or sale of merchandise is an income-producing factor. Freestatetax See Publication 538 for more information. Freestatetax Also see Farm Inventory , later, for more information on items that must be included in inventory by farmers and inventory valuation methods for farmers. Freestatetax Expenses Under an accrual method of accounting, you generally deduct or capitalize a business expense when both of the following apply. Freestatetax The all-events test has been met. Freestatetax This test is met when: All events have occurred that fix the fact that you have a liability, and The amount of the liability can be determined with reasonable accuracy. Freestatetax Economic performance has occurred. Freestatetax Economic performance. Freestatetax Generally, you cannot deduct or capitalize a business expense until economic performance occurs. Freestatetax If your expense is for property or services provided to you, or for your use of property, economic performance occurs as the property or services are provided or as the property is used. Freestatetax If your expense is for property or services you provide to others, economic performance occurs as you provide the property or services. Freestatetax Example. Freestatetax Jane, who is a farmer, uses a calendar tax year and an accrual method of accounting. Freestatetax She entered into a contract with ABC Farm Consulting in 2012. Freestatetax The contract stated that Jane pay ABC Farm Consulting $2,000 in December 2012. Freestatetax It further stipulates that ABC Farm Consulting will develop a plan for integrating her farm with a larger farm operation based in a neighboring state by March 1, 2013. Freestatetax Jane paid ABC Farm Consulting $2,000 in December 2012. Freestatetax Integration of operations according to the plan began in May 2013 and they completed the integration in December 2013. Freestatetax Economic performance for Jane's liability in the contract occurs as the services are provided. Freestatetax Jane incurs the $2,000 cost in 2013. Freestatetax An exception to the economic performance rule allows certain recurring items to be treated as incurred during a tax year even though economic performance has not occurred. Freestatetax For more information, see Economic Performance in Publication 538. Freestatetax Special rule for related persons. Freestatetax Business expenses and interest owed to a related person who uses the cash method of accounting are not deductible until you make the payment and the corresponding amount is includible in the related person's gross income. Freestatetax Determine the relationship for this rule as of the end of the tax year for which the expense or interest would otherwise be deductible. Freestatetax For more information, see Internal Revenue Code section 267. Freestatetax Accrual Method Required Generally, the following businesses, if engaged in farming, must use an accrual method of accounting. Freestatetax A corporation (other than a family corporation) that had gross receipts of more than $1,000,000 for any tax year beginning after 1975. Freestatetax A family corporation that had gross receipts of more than $25,000,000 for any tax year beginning after 1985. Freestatetax A partnership with a corporation as a partner, if that corporation meets the requirements of (1) or (2) above. Freestatetax A tax shelter. Freestatetax Note. Freestatetax Items (1), (2), and (3) above do not apply to an S corporation or a business operating a nursery or sod farm, or the raising or harvesting of trees (other than fruit and nut trees). Freestatetax Family corporation. Freestatetax A family corporation is generally a corporation that meets one of the following ownership requirements. Freestatetax Members of the same family own at least 50% of the total combined voting power of all classes of stock entitled to vote and at least 50% of the total shares of all other classes of stock of the corporation. Freestatetax Members of two families have owned, directly or indirectly, since October 4, 1976, at least 65% of the total combined voting power of all classes of voting stock and at least 65% of the total shares of all other classes of the corporation's stock. Freestatetax Members of three families have owned, directly or indirectly, since October 4, 1976, at least 50% of the total combined voting power of all classes of voting stock and at least 50% of the total shares of all other classes of the corporation's stock. Freestatetax For more information on family corporations, see Internal Revenue Code section 447. Freestatetax Tax shelter. Freestatetax A tax shelter is a partnership, noncorporate enterprise, or S corporation that meets either of the following tests. Freestatetax Its principal purpose is the avoidance or evasion of federal income tax. Freestatetax It is a farming syndicate. Freestatetax A farming syndicate is an entity that meets either of the following tests. Freestatetax Interests in the activity have been offered for sale in an offering required to be registered with a federal or state agency with the authority to regulate the offering of securities for sale. Freestatetax More than 35% of the losses during the tax year are allocable to limited partners or limited entrepreneurs. Freestatetax A “limited partner” is one whose personal liability for partnership debts is limited to the money or other property the partner contributed or is required to contribute to the partnership. Freestatetax A “limited entrepreneur” is one who has an interest in an enterprise other than as a limited partner and does not actively participate in the management of the enterprise. Freestatetax Farm Inventory If you are required to keep an inventory, you should keep a complete record of your inventory as part of your farm records. Freestatetax This record should show the actual count or measurement of the inventory. Freestatetax It should also show all factors that enter into its valuation, including quality and weight, if applicable. Freestatetax Hatchery business. Freestatetax If you are in the hatchery business, and use an accrual method of accounting, you must include in inventory eggs in the process of incubation. Freestatetax Products held for sale. Freestatetax All harvested and purchased farm products held for sale or for feed or seed, such as grain, hay, silage, concentrates, cotton, tobacco, etc. Freestatetax , must be included in inventory. Freestatetax Supplies. Freestatetax Supplies acquired for sale or that become a physical part of items held for sale must be included in inventory. Freestatetax Deduct the cost of supplies in the year used or consumed in operations. Freestatetax Do not include incidental supplies in inventory as these are deductible in the year of purchase. Freestatetax Livestock. Freestatetax Livestock held primarily for sale must be included in inventory. Freestatetax Livestock held for draft, breeding, or dairy purposes can either be depreciated or included in inventory. Freestatetax See also Unit-livestock-price method , later. Freestatetax If you are in the business of breeding and raising chinchillas, mink, foxes, or other fur-bearing animals, these animals are livestock for inventory purposes. Freestatetax Growing crops. Freestatetax Generally, growing crops are not required to be included in inventory. Freestatetax However, if the crop has a preproductive period of more than 2 years, you may have to capitalize (or include in inventory) costs associated with the crop. Freestatetax See Uniform capitalization rules below. Freestatetax Also see Uniform Capitalization Rules in chapter 6. Freestatetax Items to include in inventory. Freestatetax Your inventory should include all items held for sale, or for use as feed, seed, etc. Freestatetax , whether raised or purchased, that are unsold at the end of the year. Freestatetax Uniform capitalization rules. Freestatetax The following applies if you are required to use an accrual method of accounting. Freestatetax The uniform capitalization rules apply to all costs of raising a plant, even if the preproductive period of raising a plant is 2 years or less. Freestatetax The costs of animals are subject to the uniform capitalization rules. Freestatetax Inventory valuation methods. Freestatetax The following methods, described below, are those generally available for valuing inventory. Freestatetax The method you use must conform to generally accepted accounting principles for similar businesses and must clearly reflect income. Freestatetax Cost. Freestatetax Lower of cost or market. Freestatetax Farm-price method. Freestatetax Unit-livestock-price method. Freestatetax Cost and lower of cost or market methods. Freestatetax See Publication 538 for information on these valuation methods. Freestatetax If you value your livestock inventory at cost or the lower of cost or market, you do not need IRS approval to change to the unit-livestock-price method. Freestatetax However, if you value your livestock inventory using the farm-price method, then you must obtain permission from the IRS to change to the unit-livestock-price method. Freestatetax Farm-price method. Freestatetax Under this method, each item, whether raised or purchased, is valued at its market price less the direct cost of disposition. Freestatetax Market price is the current price at the nearest market in the quantities you usually sell. Freestatetax Cost of disposition includes broker's commissions, freight, hauling to market, and other marketing costs. Freestatetax If you use this method, you must use it for your entire inventory, except that livestock can be inventoried under the unit-livestock-price method. Freestatetax Unit-livestock-price method. Freestatetax This method recognizes the difficulty of establishing the exact costs of producing and raising each animal. Freestatetax You group or classify livestock according to type and age and use a standard unit price for each animal within a class or group. Freestatetax The unit price you assign should reasonably approximate the normal costs incurred in producing the animals in such classes. Freestatetax Unit prices and classifications are subject to approval by the IRS on examination of your return. Freestatetax You must annually reevaluate your unit livestock prices and adjust the prices upward or downward to reflect increases or decreases in the costs of raising livestock. Freestatetax IRS approval is not required for these adjustments. Freestatetax Any other changes in unit prices or classifications do require IRS approval. Freestatetax If you use this method, include all raised livestock in inventory, regardless of whether they are held for sale or for draft, breeding, sport, or dairy purposes. Freestatetax This method accounts only for the increase in cost of raising an animal to maturity. Freestatetax It does not provide for any decrease in the animal's market value after it reaches maturity. Freestatetax Also, if you raise cattle, you are not required to inventory hay you grow to feed your herd. Freestatetax Do not include sold or lost animals in the year-end inventory. Freestatetax If your records do not show which animals were sold or lost, treat the first animals acquired as sold or lost. Freestatetax The animals on hand at the end of the year are considered those most recently acquired. Freestatetax You must include in inventory all livestock purchased primarily for sale. Freestatetax You can choose either to include in inventory or depreciate livestock purchased for draft, breeding, sport or dairy purposes. Freestatetax However, you must be consistent from year to year, regardless of the method you have chosen. Freestatetax You cannot change your method without obtaining approval from the IRS. Freestatetax You must include in inventory animals purchased after maturity or capitalize them at their purchase price. Freestatetax If the animals are not mature at purchase, increase the cost at the end of each tax year according to the established unit price. Freestatetax However, in the year of purchase, do not increase the cost of any animal purchased during the last 6 months of the year. Freestatetax This “no increase” rule does not apply to tax shelters which must make an adjustment for any animal purchased during the year. Freestatetax It also does not apply to taxpayers that must make an adjustment to reasonably reflect the particular period in the year in which animals are purchased, if necessary to avoid significant distortions in income. Freestatetax Uniform capitalization rules. Freestatetax A farmer can determine costs required to be allocated under the uniform capitalization rules by using the farm-price or unit-livestock-price inventory method. Freestatetax This applies to any plant or animal, even if the farmer does not hold or treat the plant or animal as inventory property. Freestatetax Cash Versus Accrual Method The following examples compare the cash and accrual methods of accounting. Freestatetax Example 1. Freestatetax You are a farmer who uses an accrual method of accounting. Freestatetax You keep your books on the calendar year basis. Freestatetax You sell grain in December 2013 but you are not paid until January 2014. Freestatetax Because the accrual method was used and 2013 was the tax year in which the grain was sold, you must both include the sales proceeds and deduct the costs incurred in producing the grain on your 2013 tax return. Freestatetax Example 2. Freestatetax Assume the same facts as in Example 1 except that you use the cash method and there was no constructive receipt of the sales proceeds in 2013. Freestatetax Under this method, you include the sales proceeds in income for 2014, the year you receive payment. Freestatetax Deduct the costs of producing the grain in the year you pay for them. Freestatetax Special Methods of Accounting There are special methods of accounting for certain items of income and expense. Freestatetax Crop method. Freestatetax If you do not harvest and dispose of your crop in the same tax year that you plant it, you can, with IRS approval, use the crop method of accounting. Freestatetax You cannot use the crop method for any tax return, including your first tax return, unless you receive approval from the IRS. Freestatetax Under this method, you deduct the entire cost of producing the crop, including the expense of seed or young plants, in the year you realize income from the crop. Freestatetax See chapter 4 for details on deducting the costs of operating a farm. Freestatetax Also see Regulations section 1. Freestatetax 162-12. Freestatetax Other special methods. Freestatetax Other special methods of accounting apply to the following items. Freestatetax Amortization, see chapter 7. Freestatetax Casualties, see chapter 11. Freestatetax Condemnations, see chapter 11. Freestatetax Depletion, see chapter 7. Freestatetax Depreciation, see chapter 7. Freestatetax Farm business expenses, see chapter 4. Freestatetax Farm income, see chapter 3. Freestatetax Installment sales, see chapter 10. Freestatetax Soil and water conservation expenses, see chapter 5. Freestatetax Thefts, see chapter 11. Freestatetax Combination Method Generally, you can use any combination of cash, accrual, and special methods of accounting if the combination clearly shows your income and expenses and you use it consistently. Freestatetax However, the following restrictions apply. Freestatetax If you use the cash method for figuring your income, you must use the cash method for reporting your expenses. Freestatetax If you use an accrual method for reporting your expenses, you must use an accrual method for figuring your income. Freestatetax Changes in Methods of Accounting A change in your method of accounting includes a change in: Your overall method, such as from the cash method to an accrual method, and Your treatment of any material item, such as a change in your method of valuing inventory (for example, a change from the farm-price method to the unit-livestock-price method, discussed earlier). Freestatetax Generally, once you have set up your accounting method, you must receive approval from the IRS before you can change to another method of accounting. Freestatetax You may also have to pay a fee. Freestatetax To obtain approval, you must generally file Form 3115. Freestatetax There are instances when you can obtain automatic consent to change certain methods of accounting. Freestatetax See the List of Automatic Accounting Method Changes located in the Instructions for Form 3115. Freestatetax For more information on changes in methods of accounting, see Form 3115 and the Instructions for Form 3115. Freestatetax Also see Publication 538. Freestatetax Prev Up Next Home More Online Publications