To fill out and submit Form 3115, taxpayers can print out the form and submit the completed form to one of two IRS offices, according to the IRS. Unless otherwise instructed, the taxpayer must mail the change request form to an IRS office in Kentucky. Additionally, filers must attach copies of these forms to their federal income tax returns.
The IRS’s Form 3115 is formally entitled the Application for Change in Accounting Method, says the IRS. This government form is used to request changes to entire accounting systems or smaller accounting changes. In some cases, taxpayers must file a specialized Form 3115 known as a non-automatic change request. In these cases, the requests are not automatically accepted and the taxpayers must wait for receipts showing their requests were approved. Non-automatic change requests are received by an IRS office in Washington, D.C. Typically, Receipts are delivered within 60 days.
The IRS generally does not issue time extensions for change requests unless there are compelling extenuating circumstances, according to the IRS. Form 3115 is often used when businesses change their accounting procedures concerning depreciation, amortization and salvage costs. The IRS significantly changed its procedures regarding Form 3115 in January 2015, reports Thomson Reuters.