Bulletin No. 2002–21 May 28, 2002

Rev. Proc. 2002–36, page 993 . Methods of accounting; taxable year of inclusion; basis. This procedure provides taxpayers that purchase vehicles subject to leases and assume the associated leases from motor vehicle dealers with a safe harbor method of accounting for capital cost reduction payments made by vehicle lessees, and a procedure for taxpayers to obtain automatic consent of the Commissioner to change to the safe harbor method of accounting. Rev. Proc. 2002–9 modified and amplified.