All of the Following Statements Are True Except

All of the following statements are true except

A) taxpayers filing an initial tax return are required to annualize the year's income and credits.
B) once adopted, an accounting period normally cannot be changed without approval by the IRS.
C) an existing partnership can change its tax year without prior approval if the partners with a majority interest have the same tax year to which the partnership changes.
D) taxpayers who change from one accounting period to another must annualize their income for the resulting short period.