Skip to content
ChatProjectCodes

Introduction

SECTION 4. CONSENT TO

Internal Revenue Bulletin 1996-20 · 2026-10-03 edition · updated 2026-10-04 · United States

CHANGE

.01 Consent granted . The consent of the Commissioner under § 1.446–1(e)(2)(i) is granted to any taxpayer within the scope of this revenue procedure to make a method change to a permissible method of accounting for depreciation for any item of property within the scope of this revenue procedure. This consent is granted, however, only if the taxpayer complies with section 5 of this revenue procedure. If the taxpayer does not comply with section 5 of this revenue procedure, the taxpayer will be deemed to have initiated a change in method of accounting without obtaining the consent of the Commissioner required under § 446(e).

.02 Effect of consent . The consent that is granted under this revenue procedure does not constitute an opinion of the Commissioner regarding the propriety of a taxpayer’s proposed method of accounting. Consequently, if the proposed method of accounting is an impermissible method of accounting, the Service may change the taxpayer’s proposed method of accounting to a permissible method of accounting in any open year.

Get a plain-English answer with a citation back to this text.

Ask AI about this code
Export this section
▸Contents — Internal Revenue Bulletin 1996-20
Internal Revenue Bulletin 1996-20

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.