SECTION 9. EFFECTIVE DATE

This revenue procedure generally is effective for taxable years ending on or after December 31, 2001.

DRAFTING INFORMATION

The principal author of this revenue procedure is Scott Rabinowitz of the Office of Associate Chief Counsel (Income Tax & Accounting). For further information regarding this revenue procedure, contact Mr. Rabinowitz at (202) 622–4970 (not a toll-free number).

6.02(6) of Rev. Proc. 2002–9) no later than when the taxpayer’s amended return is filed; and

(4) When filing the Form 3115, taxpayers must complete all applicable parts of the form and, in lieu of the label required by section 6.02(4) of Rev. Proc. 2002–9, are instructed to write “Filed under Rev. Proc. 2002–17” at the top of the form.

.03 Audit Protection . If a taxpayer complies with the requirements of this revenue procedure and changes its method of determining cost for its vehicle parts inventory to the replacement cost method provided in section 4 of this revenue procedure, the taxpayer will receive audit protection for any taxable year before the year of change with respect to the taxpayer’s method of determining cost for its vehicle parts inventory under § 471 or 472. See section 7 of Rev. Proc. 2002–9. However, if this change in method of accounting is made for the taxpayer’s first or second taxable year ending on or after December 31, 2001, and the taxpayer’s method of determining cost

(other than by use of replacement cost) for its vehicle parts inventory under § 471 or 472 is an issue under consideration as of March 12, 2002, in a taxable year that ends before December 31, 2001, the taxpayer will not receive audit protection.