The Internal Revenue Service is clarifying some of its procedures for changing a method of accounting.
The new revenue procedure also clarifies when the automatic change procedures do not apply if the taxpayer engages, within the requested year of change, in a transaction to which Section 381(a) applies.
In addition, the new revenue procedure clarifies the meaning of the term “three-month window” under Section 8.02(1)(a)(ii) of Rev. Proc. 2015-13 for a taxpayer with a 52- to 53-week taxable year. It also discusses a clarification to the applicable Ogden, Utah, address provided in Section 9.05 of Rev. Proc. 2015-1.