SECTION 8. EFFECT ON OTHER

DOCUMENTS

Rev. Proc. 2011–14 is modified by revising section 31.02 to the APPENDIX to read as follows:

SECTION 31.02. Proportional method of accounting for OID on a pool of credit card receivables

(1) Description of change . This change applies to a taxpayer that wants to change to the proportional method of accounting for OID on a pool of credit card receivables as described in Rev. Proc. 2013–26, 2013–22 I.R.B. 1160. Under Rev. Proc. 2013–26, a taxpayer may use the proportional method of accounting for a taxable year that ends on or after December 31, 2012. (2) Manner of making change . This change is made on a cut-off basis. Accordingly, a § 481(a) adjustment is neither required nor permitted. The unaccrued OID

May 28, 2013 1163 2013–22 I.R.B.