close
Share with your friends

IRS’s temporary procedure for filing Form 3115, accounting method changes (COVID-19)

IRS’s temporary procedure for filing Form 3115

The IRS today posted a set of “frequently asked questions” (FAQs) providing a temporary procedure for taxpayers to fax the duplicate copy of Form 3115, “Application for Change in Accounting Method”—a procedure provided in response to the coronavirus (COVID-19) pandemic.

1000

Related content

The IRS release notes that “until further notice,” taxpayers filing Form 3115 are to follow this new procedure. Beginning July 31, 2020, the IRS will accept the duplicate copy of Form 3115 by fax at this number: +1 844 249 8134. Taxpayers are reminded that they still need to submit two copies of Form 3115 to the IRS.

The IRS emphasized that this change applies only to taxpayers requesting consent to make a change in accounting method under the automatic change procedure.

The FAQs (updated July 29, 2020) are provided in full text below (hyperlinks to source documents in the FAQs are not provided below but are available in the IRS release).

1. Does this change affect me?

This change applies only to taxpayers filing Form 3115 for an automatic change in accounting method under the provisions of Rev. Proc. 2015-13 For a definition of an automatic change in accounting method see the instructions for Form 3115. For the List of Automatic Changes, refer to Rev. Proc. 2019-43 (or any successor).
 

2. If I want to file for an automatic change in accounting method, how do I file the duplicate copy of the Form 3115?

Until further notice, you may fax your duplicate copy of Form 3115 for an automatic change in accounting method to the IRS at 844-249-8134. You must also file the original Form 3115 with your tax return.
 

3. How was Form 3115 submitted to the IRS prior to this change?

Previously, taxpayers mailed the paper duplicate copy of Form 3115 to the IRS and filed the original Form 3115 with their tax return.
 

4. If I previously mailed in my Form 3115, can I now fax it to 844-249-8134?

If you mailed the paper duplicate copy in the 2020 calendar year, you should not fax a second duplicate copy.
 

5. Will the IRS provide a fax confirmation or receipt?

No. The IRS will not provide a confirmation or receipt. Please check your fax transmission log to verify that all the Form 3115 pages were sent.
 

6. Where can I go for more information on Form 3115, Application for Change in Accounting Method?

Refer to Instructions for Form 3115.
 

7. Does this temporary procedure cover Form 3115 for a non-automatic method change?

This temporary procedure does not apply to requests for a non-automatic change in accounting method. For information regarding temporary electronic submission to request a non-automatic change in accounting method, see Rev. Proc. 2020-29.
 

8. What should I include on the fax cover sheet?

The fax coversheet should include the following:

  • Subject: Form 3115
  • Sender's name, title, phone number, address
  • Taxpayer's name
  • Date
  • Number of pages faxed (including cover sheet)

Do not include sensitive information on the cover sheet, such as Employer Identification Number or Social Security number.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal