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

SECTION 4. RATABLE INCLUSION

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

METHOD FOR CREDIT CARD ANNUAL FEES

.01 Permission to use the Ratable Inclu- sion Method for Credit Card Annual Fees . The Commissioner in an exercise of his discretion under § 446 permits taxpayers within the scope of this revenue procedure to account for their income from credit card annual fees using the Ratable Inclusion Method for Credit Card Annual Fees, which is described in this section 4.

.02 Description of method . Under the Ratable Inclusion Method for Credit Card Annual Fees, a credit card annual fee is recognized in income ratably over the period covered by the fee.

June 1, 2004 988 2004-22 I.R.B.

clude credit card annual fees in income as required by Rev. Rul. 2004–52 is “80”.

(2) The designated number for the automatic accounting method change to the Ratable Inclusion Method for Credit Card Annual Fees is “81”.

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▸Contents — Internal Revenue Bulletin 2004-22
Internal Revenue Bulletin 2004-22

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