Rev. Rul. 2004-52 holds that credit card annual

SECTION 1. PURPOSE

Internal Revenue Bulletin 2004-22 · 2026-10-03 edition · updated 2026-10-04 · United States

This revenue procedure allows credit card issuers described in Rev. Rul. 2004–52, 2004–22 I.R.B. 973, dated June 1, 2004, this Bulletin, to account for annual fee income using the Ratable Inclusion Method for Credit Card Annual Fees, which is set forth in section 4 of this revenue procedure. The procedure also provides automatic consent procedures for a credit card issuer within the scope of this revenue procedure to change its method of accounting for annual fee income.

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▸Contents — Internal Revenue Bulletin 2004-22

Internal Revenue Bulletin 2004-22

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