SECTION 3. CERTAIN RECENTLY

ISSUED CONSENT AGREEMENTS

.01 In General. If a taxpayer has received a consent agreement for a change in method of accounting for a year of change ending on or after December 31, 2001, and the agreement does not reflect a 1-year § 481(a) adjustment period for a net negative § 481(a) adjustment for the change, the taxpayer may elect to apply the 1-year § 481(a) adjustment period of Rev. Proc. 2002–19 by complying with the requirements of this section. If a taxpayer does not want to apply the 1-year § 481(a) adjustment period, or does not comply with the requirements of this section, then the adjustment period reflected in the consent agreement will apply.

.02 Signed and Returned Consent Agree- ments. If the taxpayer has signed and returned the consent agreement, the taxpayer must write “Election to Apply 1-Year Adjustment Period” at the top of the first page of a copy of the consent agreement and attach the copy to either its timely filed original federal income tax return or an amended federal income tax return, which should reflect the 1-year adjustment period.

.03 Unsigned Consent Agreements. If the taxpayer has not yet signed and returned the consent agreement, the taxpayer should con

tact the national office to request the issuance of a consent agreement that reflects a 1-year § 481(a) adjustment period for its net negative § 481(a) adjustment for the change.