A Positive § 481 Adjustment from a Change in Method

question 36

True/False

A positive § 481 adjustment from a change in method of accounting initiated by the taxpayer is spread equally over the year of change and the three following years.

---

Definitions:

Statutory Rape

A legal term for sexual activities involving an adult and a minor below the age of consent, regardless of consent on the part of the minor.

Sexual Contact

Any form of physical interaction between individuals involving sexual organs or activities intended to arouse or gratify sexual desires.

Older Relative

A family member who is significantly older than oneself, often used in the context of relationships and familial lineage.

Consent

The act of willingly and actively agreeing to engage in specific behaviors or actions, highlighting the importance of mutual respect and understanding.