Enrolled Agent Exam [Part 2] 57, Change of Accounting Method — Form 3115

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - When a taxpayer must file Form 3115 to request a change in accounting method. - How to calculate the Section 481(a) adjustment to prevent duplication or omission of income. - The timing difference for recognizing positive (4-year spread) versus negative (1-year deduction) adjustments. - The distinction between automatic and non-automatic consent procedures f...