1120S (cash v accrual box)

[Andrea M]

The wrong box was checked on a 2014 1120S return. The return was prepared on the accrual basis, but the cash basis box was checked. Should the return be amended?

The accrual box will be checked on the 2015 return.

Thanks!

[jklcpa]

I would so that if the IRS does pick up on the error, that it doesn't think the company changed its accounting method.

[Andrea M]

Thanks!