Hoping someone can confirm my research on this...
I would like to abandon the CC method for overall cash basis for a home builder of mine. Less than $3M in revenue.
I have found a number of automatic changes about how to change from an overall accounting method to changing to PCM for LT contracts, but nothing on CC method.
Is this a change I can actually make? If so, is there an automatic method change that applies to this? If not, is there a non-automatic method change that applies?
Any assistance would be greatly appreciated.