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SECTION 5. AUDIT PROTECTION

Internal Revenue Bulletin 2002-13 · 2026-10-03 edition · updated 2026-10-04 · United States

FOR TAXPAYERS CURRENTLY USING THE REPLACEMENT COST METHOD

A taxpayer within the scope of this revenue procedure that is using the replacement cost method provided in section 4 of this revenue procedure on March 12, 2002, may continue to use this safe harbor method for taxable years ending on or after March 12, 2002, without filing a Form 3115, Application for Change in Accounting Method . Such taxpayer’s method of using replacement cost to determine cost for its vehicle parts inventory will not be raised as an issue in a taxable year that ends before December 31, 2001. Moreover, if such taxpayer’s method of using replacement cost to determine cost for its vehicle parts inventory is already an issue under consideration in a taxable year that ends before December 31, 2001, the issue will not be further pursued.

April 1, 2002 677 2002-13 I.R.B.

its inventory valuation including, but not limited to, the price list described in section 4 of this revenue procedure.

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▸Contents — Internal Revenue Bulletin 2002-13
Internal Revenue Bulletin 2002-13

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