Introduction›Part I. Rulings and Decisions Under the Internal Revenue Code of 1986
Section 446.—General Rule for Methods of Accounting
Internal Revenue Bulletin 2006-3 · 2026-10-03 edition · updated 2026-10-04 · United States
26 CFR 1.446–1: General rule for methods of ac- counting.
Can a taxpayer utilize the advance consent procedures of Rev. Proc. 97–27 to request the consent of the Commissioner to change its method of accounting to comply with section 1.263A–1T or 1.263A–2T of the regulations? See Rev. Proc. 2006-11, page 309.
26 CFR 1.446–1: General rule for methods of ac- counting.
The Service provides the procedures under which certain taxpayers may obtain automatic consent for a taxable year ending on or after December 31, 2005, and for certain earlier taxable years, to change to a method of accounting provided in sections 1.263(a)–4, 1.263(a)–5, or 1.167(a)–3(b) of the regulations. See Rev. Proc. 2006-12, page 310.
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