Schedule C - Accounting Method
1
There are two main methods of accounting available for a business to use:
  • cash method
  • accrual method

To change your method of accounting, you generally must file Form 3115. You can use the Forms Assistant to search for and add Form 3115 to your return. 
  • In dashboard navigation, go to Resources, scroll to the Assistants section, and select Forms Assistant.  
  • In classic navigation, click Tools > Forms Assistant.
  • On desktop, click Forms and locate the federal form in the Forms Explorer

Form 3115 can be e-filed with the return. If you need to attach any form that is not supported for e-file, you can use Form 8453.

Additional Information