SECTION 3. SCOPE

This revenue procedure applies to any taxpayer engaged in the purchase, sale, and service of automobiles or light-duty trucks that violated the LIFO conformity requirement by providing, for credit purposes, an income statement prepared in a format required by the franchisor or on a pre-printed form supplied by the franchisor (an automobile manufacturer), covering any taxable year ended on or before October 14, 1997, that fails to reflect the

October 14, 1997 8 1997–41 I.R.B.

LIFO inventory method in the computation of net income, regardless of whether the taxpayer is currently under examination, before an appeals office, or before a federal court. For this purpose, the term “taxpayer” has the same meaning as the term “person” defined in § 7701(a)(1) (rather than the meaning of the term “taxpayer” defined in § 7701(a)(14)). T h e term “taxpayer” includes a corporation that is included in an affiliated group of corporations as defined in § 1504.