Part IV. Applicable Federal Interest Rates
SECTION 6. CHANGE IN
Internal Revenue Bulletin 2007-10 · 2026-10-03 edition · updated 2026-10-04 · United States
ACCOUNTING METHOD
A change in the reporting of a QPCLA to the Net Consideration Method described in section 5 of this revenue procedure is a change in method of accounting within the meaning of §§ 446 and 481 and the regulations issued thereunder. Accordingly, a taxpayer that wishes to change its treatment for a QPCLA to the Net Consideration Method must obtain the consent of the Commissioner under §§ 446(e) and 1.446–1(e)(3).
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