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Introduction

SECTION 1. PURPOSE

Internal Revenue Bulletin 2011-42 · 2026-10-03 edition · updated 2026-10-04 · United States

This revenue procedure provides a book safe harbor method of accounting for taxpayers using the nonaccrual-experience (NAE) method of accounting under § 448(d)(5) of the Internal Revenue Code and § 1.448–2 of the Income Tax Regulations. This revenue procedure also provides the procedures by which a taxpayer may obtain automatic consent (1) to change to the NAE book safe harbor method, and (2) to make certain changes within the NAE book safe harbor method.

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▸Contents — Internal Revenue Bulletin 2011-42
Internal Revenue Bulletin 2011-42

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