Bulletin No. 2007-30 July 23, 2007

Rev. Proc. 2007–53, page 233. Accounting for advance trade discounts. This procedure provides that the Service will follow Westpac Pacific Food v. Commissioner, 451 F.3d 970 (9th Cir. 2006) with respect to taxpayers that adopt the Advance Trade Discount Method of accounting as provided in this procedure. The document also provides procedures for obtaining automatic consent to change to this method of accounting. Rev. Proc. 2002–9 modified and amplified.