SECTION 6. EFFECTIVE DATE AND

TRANSITION RULE

.01 In General. This notice is effective for taxable years ending after March 9, 2002. .02 Transition Rule. If a taxpayer filed an application or ruling request under the procedures prescribed in Rev. Proc. 97– 27, 1997–1 C.B. 680, with the national office to make a change in its method of accounting under § 448(d)(5), as amended, for a year of change for which this notice is effective and the application or ruling request is pending with the national office on January 22, 2003, the taxpayer must notify the national office in writing (see section 8.06 of Rev. Proc. 97–27 for the address) prior to March 24, 2003, if the taxpayer wants the national office to continue processing its application or ruling request under the procedures prescribed in Rev. Proc. 97–27. If the taxpayer does not notify the national office within the time provided in this section, the taxpayer’s Form 3115, and any user fee that was submitted with the Form 3115, will be returned to the taxpayer. A taxpayer whose Form 3115 is returned under this section may file a new Form 3115 under the procedures prescribed in section 5.02 of this notice.