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Introduction›Part III. Administrative, Procedural, and Miscellaneous

SECTION 1. PURPOSE

Internal Revenue Bulletin 1997-10 · 2026-10-03 edition · updated 2026-10-04 · United States

This revenue procedure provides guidance for any bank as defined in § 581 of the Internal Revenue Code (except any large bank as defined in § 585(c)(2)) that seeks to change its method of accounting for bad debts from the § 585 reserve method to the § 166 specific charge-off method so that it may elect S corporation status for the tax year beginning in 1997.

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▸Contents — Internal Revenue Bulletin 1997-10
Internal Revenue Bulletin 1997-10

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