Change In Accounting Method

Change In Accounting Method means:
a change in the overall method of accounting or any change in a material item used in an overall accounting plan. In general, a taxpayer may not change a method of accounting without advance U.S. Internal Revenue Service (IRS) approval. Former IRC (check if this IRC provision is current here) §442.

See also other Tax Terms and Definitions in U.S.A.

accounting method.