SECTION 6. CHANGE IN METHOD

OF ACCOUNTING

If a taxpayer within the scope of this revenue procedure wants to change its method of accounting for credit card cash advance fees and if, under the method to which the taxpayer is changing, these fees are treated as creating or increasing the amount of OID on a pool of credit card loans that includes the cash advances that give rise to those fees, the taxpayer must follow the provisions of Rev. Proc. 2002–9 (or its successor), with the following modifications:

.01 The scope limitations in section 4.02 of Rev. Proc. 2002–9 do not apply to a taxpayer that makes the change for either its first or second taxable year ending on or after December 31, 2004; and

.02 The taxpayer must prepare and file a Form 3115 in accordance with section 6 of Rev. Proc. 2002–9 and enter the designated number (“94”) for this automatic change in method in Line 1a of Form 3115.