SECTION 9. DRAFTING

INFORMATION

The principal author of this revenue procedure is Alan S. Williams of the Office of Associate Chief Counsel (Income Tax and Accounting). For further information regarding this revenue procedure contact Alan S. Williams at 202–622–4950 (not a toll free call).

sults to determine the § 481(a) adjustment amount for certain years by following the relevant procedures provided in Appendix B to this revenue procedure. Extrapolation methodologies not permitted in Appendix B to this revenue procedure are not permitted under the method of accounting.

.03 Automatic change . Rev. Proc. 2011–14 is modified to add new section 3.20 to the APPENDIX, to read as follows: .20 Method of accounting under Rev. Proc. 2013–24 for taxpayers in the busi- ness of generating steam or electric power .

(1) Description of change . This change applies to a taxpayer that is within the scope of Rev. Proc. 2013–24 and wants to change its treatment of generation property expenditures to use all, or some of, the unit of property definitions and the corresponding major component definitions described in Rev. Proc. 2013–24.

(2) Waiver of scope limitations . The scope limitations in section 4.02 of this revenue procedure do not apply to an eligible taxpayer that changes to the method of accounting provided in Rev. Proc. 2013–24 for its first, second, or third taxable year ending after December 30, 2012.

(3) Section 481(a) adjustment . (a) A taxpayer must take the entire net § 481(a) adjustment into account (whether positive or negative) in computing taxable

income in the year of change. For guidance regarding the use of extrapolation in computing a § 481(a) adjustment, see Rev. Proc. 2013–24, section 6.02 and Appendix B.

(b) A taxpayer changing to this method of accounting must not include in the § 481(a) adjustment any amount attributable to property for which the taxpayer elected to apply the repair allowance under § 1.167(a)–11(d)(2) for any taxable year in which the repair allowance election was made.

(4) Ogden copy of Form 3115 required in lieu of national office copy . A taxpayer changing its method of accounting under section 3.20 of the APPENDIX must file a signed copy of its completed Form 3115 with the IRS in Ogden, UT (Ogden copy), in lieu of filing the national office copy no earlier than the first day of the year of change and no later than the date the taxpayer files the original Form 3115 with its Federal income tax return for the year of change. See sections 6.02(3)(a)(ii)(B) (providing the general rules) and section 6.02(7)(b) (providing the mailing address) of this revenue procedure.

(5) Designated automatic accounting method change numbers . The designated automatic accounting method change number for a change to the method of ac

2013–22 I.R.B. 1144 May 28, 2013

APPENDIX A

Unit of Property & Major Component Definitions