SECTION 33. SHORT-TERM

OBLIGATIONS (§ 1281)

.01 Interest income on short obligations .

(1) Description of change . (a) This change applies to a taxpayer that wants to change its method of account

2011–4 I.R.B. 420 January 24, 2011

(4) Designated automatic accounting method change number . The designated automatic accounting method change number for a change under section 33.02 of this APPENDIX is “75.” See section 6.02(4) of this revenue procedure. (5) Contact information . For further information regarding a change under this section, contact William E. Blanchard at 202–622–3950 (not a toll-free call).

on short-term loans made in the ordinary course of business to using the cash method for that interest. For example, see Security State Bank v. Commissioner, 214 F.3d 1254 (10 ^th Cir. 2000), aff’g 111 T.C. 210 (1998), acq ., 2001–1 C.B. xix; and Security Bank Minnesota v. Commis- sioner, 994 F.2d 432 (8 ^th Cir. 1993), aff’g 98 T.C. 33 (1992), in which the courts held that § 1281 does not apply to short-term

loans made by a cash method bank in the ordinary course of its business.

(2) Scope limitations inapplicable . The scope limitations in section 4.02 of this revenue procedure are not applicable to this change.

(3) Section 481(a) adjustment period . A taxpayer making this change must take the entire § 481(a) adjustment into account in computing taxable income for the year of change.

APPENDIX CONTACT LIST

APPENDIX

Section Number

Designated

Automatic Accounting Change Number Contact Name Telephone Number Office

1.01 91 David B. Silber 202–622–3930 FI&P 2.01 1 William Ruane 202–622–4920 IT&A 3.01 2 Martin Osborne 202–622–7900 IT&A 3.02 3 Martin Osborne 202–622–7900 IT&A 3.03 4 Martin Osborne 202–622–7900 IT&A 3.04 86 Martin Osborne 202–622–7900 IT&A 3.05 143 Justin G. Meeks 202–622–5020 IT&A 3.06 144 Alan Williams 202–622–4950 IT&A 4.01 5 Justin G. Meeks 202–622–5020 IT&A 5.01 16 William E. Blanchard 202–622–3950 FI&P 6.01 7 Douglas Kim 202–622–4930 IT&A 6.02 8 Douglas Kim 202–622–4930 IT&A 6.03 10 Edward Schwartz 202–622–4960 IT&A 6.04 11 Douglas Kim 202–622–4930 IT&A 6.05 12 Douglas Kim 202–622–4930 IT&A 6.06 13 Douglas Kim 202–622–4930 IT&A 6.07 14 Douglas Kim 202–622–4930 IT&A 6.08 15 Douglas Kim 202–622–4930 IT&A 6.09 87 Douglas Kim 202–622–4930 IT&A 6.10 88 Douglas Kim 202–622–4930 IT&A 6.11 89 Bernard Harvey 202–622–4930 IT&A 6.12 97 Douglas Kim 202–622–4930 IT&A 6.13 98 Mark Weiss 202–622–7750 CORP 6.14 Reserved Reserved Reserved 6.15 Reserved Reserved Reserved 6.16 Reserved Reserved Reserved 6.17 107 Douglas Kim 202–622–4930 IT&A 6.18 116 Douglas Kim 202–622–4930 IT&A 6.19 117 Douglas Kim 202–622–4930 IT&A 6.20 118 Douglas Kim 202–622–4930 IT&A 6.21 119 Douglas Kim 202–622–4930 IT&A 6.22 115 Douglas Kim 202–622–4930 IT&A 6.23 145 Ruba Nasrallah 202–622–4930 IT&A 6.24 146 Charles Magee 202–622–4930 IT&A 6.25 147 Charles Magee 202–622–4930 IT&A 7.01 17 Grant D. Anderson 202–622–4930 IT&A 8.01 Reserved Reserved Reserved 8.02 Reserved Reserved Reserved 8.03 Reserved Reserved Reserved 8.04 152 Jennifer Bernardini 202–622–3110 P&SI 9.01 18 Douglas Kim 202–622–4930 IT&A 9.02 Reserved Reserved Reserved 10.01 19 Gwen Turner 202–622–5020 IT&A

January 24, 2011 421 2011–4 I.R.B.

APPENDIX

Section Number

APPENDIX CONTACT LIST

Designated

Automatic Accounting Change Number Contact Name Telephone Number Office

10.02 20 Gwen Turner 202–622–5020 IT&A 10.03 21 Gwen Turner 202–622–5020 IT&A 10.04 47 Gwen Turner 202–622–5020 IT&A 10.05 78 Gwen Turner 202–622–5020 IT&A 10.06 109 Gwen Turner 202–622–5020 IT&A 10.07 121 Gwen Turner 202–622–5020 IT&A 11.01 22 Alexander R. Roche 202–622–4970 IT&A Kari Fisher 202–622–4970 IT&A 11.02 23 Alexander R. Roche 202–622–4970 IT&A Kari Fisher 202–622–4970 IT&A 11.03 24 Alexander R. Roche 202–622–4970 IT&A Kari Fisher 202–622–4970 IT&A 11.04 25 Cheryl Oseekey 202–622–4970 IT&A 11.05 77 John Faron 202–622–4930 IT&A 11.06 92 John Faron 202–622–4930 IT&A 11.07 150, 151 Kari Fisher 202–622–4970 IT&A 12.01 26 Steven Gee 202–622–4970 IT&A 13.01 27 Maryellen Furr 202–622–6030 TEGE 13.02 28 Maryellen Furr 202–622–6030 TEGE 13.03 29 James Holland 202–283–9699 EP Carlton Watkins 202–283–9625 EP 14.01 122, 123 Karen Myrick 202–622–4970 IT&A Kari Fisher 202–622–4970 IT&A 14.02 31 Erika Reigle 202–622–4950 IT&A 14.03 32,33 Karen Myrick 202–622–4970 IT&A Kari Fisher 202–622–4970 IT&A 14.04 34, 35 Karla M. Meola 202–622–4930 IT&A 14.05 71 William E. Blanchard 202–622–3950 FI&P 14.06 85 Bernard Harvey 202–622–4930 IT&A 14.07 90 Kay Hossofsky 202–622–3970 FI&P 14.08 108 Timothy Sebastian 202–622–3920 FI&P 14.09 124 Gwen Turner 202–622–5020 IT&A 14.10 125 Erika Reigle 202–622–4950 IT&A 14.11 126 Kari Fisher 202–622–4970 IT&A 14.12 127 David B. Silber 202–622–3930 FI&P 14.13 128 Robert Basso 202–622–4950 IT&A Renay France 202–622–5020 IT&A 14.14 129 David H. McDonnell 202–622–3040 P&SI 14.15 148 Sonja Kotlica 202–622–3950 FI&P 15.01 36 Timothy Sebastian 202–622–3920 FI&P 15.02 37 R. Matthew Kelley 202–622–7900 IT&A 15.03 38 R. Matthew Kelley 202–622–7900 IT&A 15.04 39 R. Matthew Kelley 202–622–7900 IT&A 15.05 80, 81 Jon Silver 202–622–3930 FI&P 15.06 82 Jon Silver 202–622–3930 FI&P 15.07 83, 84 R. Matthew Kelley 202–622–7900 IT&A 15.08 94 Jon Silver 202–622–3930 FI&P 15.09 Reserved Reserved Reserved 15.10 130 R. Matthew Kelley 202–622–7900 IT&A 15.11 153 Nancy Lee 202–622–5020 IT&A 16.01 131 William E. Blanchard 202–622–3950 FI&P 17.01 132 Patrick M. Clinton 202–622–4970 IT&A 18.01 41 Lore Cavanaugh 202–622–4960 IT&A 19.01 42, 133, 134 Sandra Cheston 202–622–7900 IT&A 19.02 43 Jamie Kim 202–622–4950 IT&A 19.03 44 Jamie Kim 202–622–4950 IT&A 19.04 45, 113 Jamie Kim 202–622–4950 IT&A

2011–4 I.R.B. 422 January 24, 2011

APPENDIX

Section Number

APPENDIX CONTACT LIST

Designated

Automatic Accounting Change Number Contact Name Telephone Number Office

19.05 46 Jamie Kim 202–622–4950 IT&A 19.06 106 Charles Kim 202–622–5020 IT&A 19.07 135 Jamie Kim 202–622–4950 IT&A 19.08 149 Daniel Cassano 202–622–7900 IT&A 19.09 154 Charles Kim 202–622–5020 IT&A 19.10 156 Sean M. Dwyer 202–622–5020 IT&A 20.01 136 William Ruane 202–622–4920 IT&A 21.01 48 Patty Ward 202–622–4970 IT&A 21.02 49 Steven Gee 202–622–4970 IT&A 21.03 50, 51 Kari Fisher 202–622–4970 IT&A 21.04 53 Patty Ward 202–622–4970 IT&A 21.05 54 Patty Ward 202–622–4970 IT&A 21.06 55 Eric D. Brauer 202–622–4970 IT&A 21.07 63 Eric D. Brauer 202–622–4970 IT&A 21.08 96 Eric D. Brauer 202–622–4970 IT&A 21.09 110 Gwen Turner 202–622–5020 IT&A 21.10 111 Eric D. Brauer 202–622–4970 IT&A 21.11 137 Patty Ward 202–622–4970 IT&A 21.12 138 Patty Ward 202–622–4970 IT&A 21.13 139 Patty Ward 202–622–4970 IT&A 21.14 114 Leo Nolan 202–622–4970 IT&A 22.01 56 Leo Nolan 202–622–4970 IT&A 22.02 57 Leo Nolan 202–622–4970 IT&A 22.03 58 Leo Nolan 202–622–4970 IT&A 22.04 59 Leo Nolan 202–622–4970 IT&A 22.05 60 Patty Ward 202–622–4970 IT&A 22.06 61 Leo Nolan 202–622–4970 IT&A 22.07 62 Leo Nolan 202–622–4970 IT&A 22.08 112 Leo Nolan 202–622–4970 IT&A 22.09 140 Leo Nolan 202–622–4970 IT&A 22.10 141 Leo Nolan 202–622–4970 IT&A 23.01 64 Eric E. Boody 202–622–3950 FI&P 24.01 66 David B. Silber 202–622–3930 FI&P Laura Fields 202–622–3050 P&SI 25.01 67 Kay Hossofsky 202–622–3970 FI&P 25.02 155 Rebecca L. Baxter 202–622–7117 FI&P 26.01 68 Kay Hossofsky 202–622–3970 FI&P 27.01 79 John W. Rogers, III 202–622–4695 FI&P 28 Reserved Reserved Reserved 29.01 70 Peter Merkel 202–622–3870 INTL 30.01 Reserved Reserved Reserved 31.01 72 William E. Blanchard 202–622–3950 FI&P 32.01 73 William E. Blanchard 202–622–3950 FI&P 33.01 74 William E. Blanchard 202–622–3950 FI&P 33.02 75 William E. Blanchard 202–622–3950 FI&P

January 24, 2011 423 2011–4 I.R.B.