Change in Accounting for Small Business Exception and California Conformity - Spidell

Change in Accounting for Small Business Exception and California Conformity

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Message Board Change in Accounting for Small Business Exception and California Conformity

This topic contains 2 replies, has 3 voices, and was last updated by Anonymous 1 week, 5 days ago.

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  • #171968
    RGA, LLP Library
    Participant

    We are filing a change in accounting method (Form 3115) change #234 for the new TCJA small business exception to applying the UNICAP rules (our client did not qualify before but does now).

    Now that California is conforming with the small business exception and threshold, is there something similar that we need to file for California? Is this an attachment to the return? AB 91 allows you to elect this treatment for 2018. Is there a specific manner in making this election?

    Thanks!

  • #171983
    Lynn Freer
    Participant

    We are working on that now with the FTB and should have a flash email later today. Still confirming with the FTB.

  • #176141
    Anonymous

    What is the status of the California conformity to the small business exception?