Rev. Rul. 2004-52 holds that credit card annual
SECTION 9. EFFECTIVE DATE
Internal Revenue Bulletin 2004-22 · 2026-10-03 edition · updated 2026-10-04 · United States
This revenue procedure is effective for taxable years ending on or after December 31, 2003.
DRAFTING INFORMATION
The principal authors of this revenue procedure are Rebecca E. Asta, Alexa Dubert and Tina Jannotta of the Office of Associate Chief Counsel (Financial Institutions and Products). For further information regarding this revenue procedure, contact the principal authors at (202) 622–3930 (not a toll-free call).
terms and conditions necessary to obtain consent to change a method of accounting.
.08 Rev. Proc. 2002–9, 2002–1 C.B. 327 (as modified and clarified by Announcement 2002–17, 2002–1 C.B. 561, modified and amplified by Rev. Proc. 2002–19, 2002–1 C.B. 696, and amplified, clarified, and modified by Rev. Proc. 2002–54, 2002–2 C.B. 432), provides procedures by which taxpayers may obtain automatic consent to change to the methods of accounting described in the Appendix of Rev. Proc. 2002–9. Section 5.03 of Rev. Proc. 2002–9 provides that, unless otherwise provided, a taxpayer making a change in method of accounting under the revenue procedure must take into account a section 481(a) adjustment in the manner provided in section 5.04 of Rev. Proc. 2002–9.
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