SECTION 3. CHANGES TO REV.
Internal Revenue Bulletin 2007-48 · 2026-10-03 edition · updated 2026-10-04 · United States
PROC. 97–27
.01 Section 5.02(3)(a) of Rev. Proc. 97–27 is modified to read as follows: (a) In general . Except as otherwise provided in sections 5.02(3)(b), 7.03, and 12.01(3) of this revenue procedure, the § 481(a) adjustment period is four taxable years for a net positive adjustment for an accounting method change, and one taxable year for a net negative adjustment for an accounting method change.
.02 Rev. Proc. 97–27 is modified to renumber sections 12 through 15 as sections 13 through 16.
.03 Rev. Proc. 97–27 is modified by inserting new section 12 to read as follows:
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