SECTION 6. MANNER OF

EFFECTING THE CHANGE

.01 Consent . Approval is hereby granted to any corporation or consolidated group within the scope of this revenue procedure to change its annual accounting period, provided the corporation or consolidated group complies with all the applicable provisions of this revenue procedure. Approval is granted beginning with the short period required to effect the change. A corporation or consolidated group granted approval under this revenue procedure to change its annual accounting period is deemed to have established a business purpose for the change to the satisfaction of the Secretary.

.02 Filing requirements . (1) Where to file . Any corporation (including the common parent of a consolidated group) that decides to change its annual accounting period pursuant to the provisions of this revenue procedure must complete and file a current Form 1128 with the Director, Internal Revenue Service Center, Attention: ENTITY CONTROL, where the corporation or consolidated group files its federal income tax return. No copies of Form 1128 are required to be sent to the National Office.

(2) When to file . A Form 1128 filed pursuant to this revenue procedure will be considered timely filed for purposes of § 1.442–1(b)(1) only if it is filed on or before the time (including extensions) for filing the return for the short period required to effect such change.

(3) Label . In order to assist in the processing of the change in annual accounting period, reference to this revenue procedure must be made a part of the Form 1128 by either typing or legibly printing the following statement at the top of page 1 of the Form 1128: “FILED UNDER REV. PROC. 2000–11.” For a CFC that is revoking a § 898(c)(1)(B)

election under section 4.01(3) of this revenue procedure, the label at the top of page 1 of the Form 1128 should read “REVOCATION OF § 898(c)(1)(B) ELECTION FILED UNDER REV. PROC. 2000–11.”

(4) Signature requirements . The Form 1128 must be signed on behalf of the corporation requesting the change of annual accounting period by an individual with authority to bind the corporation in such matters. If the corporation is a member of a consolidated group, the Form 1128 must be signed by a duly authorized officer of the common parent. If an agent is authorized to represent the corporation or consolidated group before the Service, to receive the original or a copy of correspondence concerning the application, or to perform any other act(s) regarding the application on behalf of the corporation or consolidated group, a power of attorney reflecting such authorization(s) should be attached to the application. A corporation or consolidated group’s representative without a power of attorney to represent the corporation or consolidated group will not be given any information about the application.

(5) No user fee . A user fee is not required for an application filed under this revenue procedure and, except as provided in section 7.01 of this revenue procedure, the receipt of an application filed under this revenue procedure may not be acknowledged.

(6) Consolidated application . A common parent may file a single application to change the annual accounting period of its consolidated group. The common parent corporation must clearly indicate that the Form 1128 is filed on behalf of the common parent and all its subsidiaries, and the common parent must answer all relevant questions on the Form 1128 for each member of the consolidated group.