IRS PLR: Accounting Method Change Extension Granted (IRC §263A)

A domestic S corporation received extra time to properly file Form 3115, Application for Change in Accounting Method, on behalf of its wholly owned subsidiary, pursuant to the automatic change procedures set forth in Revenue Procedure 2015-13, as determined by a retained accounting firm. The original form, requesting two changes, was included in Taxpayer’s timely filed federal income tax return for the year at issue, but a required duplicate copy wasn’t also included due to “internal miscommunication” among accounting firm personnel. The two changes have to do with identifying, allocating, or recharacterizing certain costs under tax code ...