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A positive § 481 adjustments from a change in the method of accounting initiated by the...

A positive § 481 adjustments from a change in the method of accounting initiated by the taxpayer is spread equally over the year of change and the three following years.

a.True

b. False

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Answer #1

Answer: True

As

As per the IRC section 481(a) of there is arising adjustment due to change in method of accounting then the adjustment period for the amount of change arising due to change in accounting method  will be generally four years starting with the year of change and more three years after the year of change and amount will be spread evenly over the period of change.

Hence our answer is True

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