SECTION 33. SHORT-TERM — Internal Revenue Bulletin 2015-5

OBLIGATIONS (§ 1281)

.01 Interest income on short obliga- tions .

(1) Description of change . (a) This change applies to a taxpayer that wants to change its method of accounting to comply with § 1281 for interest income on short-term obligations.

(b) Under § 1281, a holder of certain short-term obligations, including a bank as defined in § 581, must include in gross income any accrued interest income on such obligations, regardless of the holder’s overall method of accounting. Section 1281 applies to all types of interest income, including acquisition discount, original issue discount (OID), and stated interest. See S. Rep. No. 99–313, 99 ^th

Cong., 2d Sess. 903 (1986), 1986–3 (Vol. 3) C.B. 903. (c) Section 1283(a)(1) generally defines a short-term obligation as any bond, debenture, note, certificate, or other evidence of indebtedness that matures in one year or less from its issue date.

(d) Under §§ 1281(a) and 1283(c), a holder of a short-term obligation subject to § 1281 must include in gross income an

amount equal to the sum of the daily portions of the acquisition discount or OID, whichever is applicable, on the obligation for each day during the taxable year that the obligation is held by the holder. See § 1283(b), as modified by § 1283(c), to determine the daily portions of acquisition discount or OID. In addition, § 1281(a) requires the holder to include in gross income any stated interest that is payable on the short-term obligation (other than stated interest taken into account to determine the amount of the acquisition discount or OID) as it accrues.

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

(3) Designated automatic accounting method change number . The designated automatic accounting method change number for a change under this section 33.01 is “74.” (4) Contact information . For further information regarding a change under this section, contact William E. Blanchard at (202) 317-3900 (not a toll-free number).

.02 Stated interest on short-term loans of cash method banks .

(1) Description of change . This change applies to a bank that uses the cash receipts and disbursements (cash) method of accounting as its overall accounting method and that wants to change its method of accounting from accruing stated interest 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. Com- missioner, 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. Commissioner, 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) Certain eligibility rule inapplica- ble . The eligibility rule in section 5.01(1)(f) of Rev. Proc. 2015–13, 2015–5 I.R.B. 419, does not apply 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.

(4) Designated automatic accounting method change number . The designated automatic accounting method change number for a change under this section 33.02 is “75.” (5) Contact information . For further information regarding a change under this section, contact William E. Blanchard at (202) 317-3900 (not a toll-free number).

EFFECTIVE DATE

This revenue procedure is effective for a Form 3115 filed on or after January 16, 2015, for a year of change ending on or after May 31, 2014, that is filed under the automatic change procedures of Rev. Proc. 2015–13, 2015–5 I.R.B. 419. See section 15.02 of Rev. Proc. 2015–13 for the transition rules relating to filing a Form 3115 under either the automatic change procedures of Rev. Proc. 2015–13 or making a method change under the procedures and APPENDIX of Rev. Proc. 2011–14.

EFFECT ON OTHER DOCUMENTS

.01 This revenue procedure, in conjunction with Rev. Proc. 2015–13 amplifies, clarifies, and modifies Rev. Proc. 2011–14, 2011–4 I.R.B. 330. Rev. Proc. 2011–14, as amplified, clarified, and modified is superseded in part. The second sentences in sections 14.01 and 14.02, and sections 14.04, 14.05, 14.06, and 14.07 of Rev. Proc. 2011–14 remain in effect. All other sections of Rev. Proc. 2011–14 are superseded.

.02 Rev. Proc. 2014–16, 2014–9 I.R.B. 606, is modified as follows: (1) Section 3.01(3)(a)(vii) is modified to remove the term “transaction” from the paragraph.

(2) Section 3.01(3)(b)(vii) is modified to remove the term “transaction” from the paragraph.

(3) The chart in section 3.01(8)(a) is modified to remove the term “transaction” from line 13 of the column titled, Description of Change, which pertains to a change by a dealer in property to deduct commissions and other costs that facilitate the sale of property.

.03 Rev. Proc. 2011–46, 2011–42 I.R.B. 518, is modified as follows:

(1) Section 5.02(3)(a) is modified to remove the first two sentences in the Man

Bulletin No. 2015–5 555 February 2, 2015

ner of Making Change section and to substitute the following three new sentences in its place:

(a) In accordance with § 1.446– 1(e)(3)(ii), the requirement under § 1.446–1(e)(3)(i) to file a Form 3115 is waived and a statement in lieu of a Form 3115 is authorized for this change. Notwithstanding the definition of Form 3115 in section 3.07 of Rev. Proc. 2015–13, 2015–5 I.R.B. 419, the statement in lieu of a Form 3115 that is permitted under this paragraph 5.02(3)(a) is considered a Form 3115 for purposes of the automatic consent procedures in Rev. Proc. 2015–13. However, the requirement to file the Ogden copy, under section 6.03(1)(a) of Rev. Proc. 2015–13, is waived.

(2) Section 5.02(4) is modified to read as follows:

(4) Certain eligibility rule inapplica- ble . The eligibility rule in section 5.01(1)(f) of Rev. Proc. 2015–13 (or any successor) does not apply to a change in method of accounting under section 5.02 of Rev. Proc. 2011–46.

(3) Section 5.03(2)(a) is modified to remove the first two sentences in the Manner of Making Change section and to substitute the following three new sentences in its place:

(a) In accordance with § 1.446– 1(e)(3)(ii), the requirement under § 1.446–1(e)(3)(i) to file a Form 3115 is waived and a statement in lieu of a Form 3115 is authorized for this change. Notwithstanding the definition of Form 3115 in section 3.07 of Rev. Proc. 2015–13, the statement in lieu of a Form 3115 that is permitted under this paragraph 5.03(2)(a) is considered a Form 3115 for purposes of the automatic consent procedures in Rev. Proc. 2015–13. However, the requirement to file the Ogden copy, under section 6.03(1)(a) of Rev. Proc. 2015–13, is waived.

.04 Rev. Rul. 2004–62, 2004–1 C.B. 1072, is modified to remove the second sentence in the CHANGE IN METHOD OF ACCOUNTING section and to substitute the following new two sentences in its place:

A taxpayer that wants to change its method of accounting to comply with this revenue ruling must follow the automatic change procedures in Rev. Proc. 2015–13, 2015–5 I.R.B. 419, (or successor) if the

taxpayer is eligible to request such consent under the automatic change procedures therein. The eligibility rules in section 5.01(1) of Rev. Proc. 2015–13 (or successor) apply to a change in method of accounting described in section 3.04 of Rev. Proc. 2015–14, 2015–5 I.R.B. 419 (or successor).

.05 Rev. Proc. 2002–12, 2002–1 C.B. 374, is modified to remove section 6. Thus, the eligibility rules in section 5.01(1) and the audit protection provisions in section 8 of Rev. Proc. 2015–13, 2015–5 I.R.B. 419, apply to a change in method of accounting described in section 3.03 of this revenue procedure. Moreover, the section 481(a) adjustment period for a change in method of accounting described in section 3.03 of this revenue procedure is determined in accordance with section 7.03 of Rev. Proc. 2015–13. .06 Rev. Rul. 2000–7, 2000–9 C.B. 712, is modified to remove the fourth sentence of the paragraph in the APPLICATION section and to substitute the following new fourth sentence:

A taxpayer that wants to change its method of accounting to conform with the holding in this revenue ruling must follow the automatic change procedures in Rev. Proc. 2015–13, 2015–5 I.R.B. 419, (or successor) if the taxpayer is eligible to request such consent under the automatic change procedures therein, except that the eligibility rule in section 5.01(1)(f) of Rev. Proc. 2015–13 (or successor) does not apply to a change described in section 10.03 of Rev. Proc. 2015–14, 2015–5 I.R.B. 450.

.07 Rev. Rul. 2000–4, 2000–1 C.B. 331, is modified to remove the second sentence of the paragraph in the APPLICATION section, and to substitute the following two new sentences in that paragraph in its place:

A taxpayer that wants to change its method of accounting to conform with the holding in this revenue ruling must follow the automatic change procedures in Rev. Proc. 2015–13, 2015–5 I.R.B. 419, (or successor) if the taxpayer is eligible to request such consent under the automatic change procedures therein. The eligibility rules in section 5.01(1) of Rev. Proc. 2015–13 (or successor) apply to a change in method of accounting under section

3.02 of Rev. Proc. 2015–14, 2015–5 I.R.B. 450.

.08 Rev. Proc. 98–29, 1998–1 C.B. 857, is modified to remove sections 5.02(1), 5.02(3) and 5.03. Thus, the eligibility rules in section 5.01(1) and other automatic change procedures of Rev. Proc. 2015–13, 2015–5 I.R.B. 419, (or successor) apply to a change in method of accounting made under section 21.02 of this revenue procedure.

Also, section 5.02(4) of Rev. Proc. 98–29 is modified to read as follows: (4) In addition to the automatic change procedures in Rev. Proc. 2015–13 (or successor), the following rule applies to a taxpayer within the scope of this revenue procedure and eligible under Rev. Proc. 2015–13 (or successor) that changes to a method other than the retail safe harbor method of accounting for estimating inventory shrinkage. The taxpayer must provide a detailed description of all aspects of the proposed method of estimating inventory shrinkage (including, for LIFO taxpayers, the method of determining inventory shrinkage for, or allocating inventory shrinkage to, each LIFO pool) in the Form 3115 filed by the taxpayer for such a change. The director or national office subsequently may review whether the proposed method clearly reflects the taxpayer’s income under § 446(b), notwithstanding any provision of Rev. Proc. 2015–13 (or successor). If the director or the national office determines that the proposed method of accounting does not clearly reflect the taxpayer’s income, the taxpayer will be treated as having made a change in method of accounting without obtaining the consent of the Commissioner as required by § 446(e). See sections 2.01(3) and 2.03 of Rev. Proc. 2015–13 (or successor).

.09 Rev. Proc. 2007–48, 2007–2 C.B. 110, is modified to remove section 5.06(1) and to substitute it with the following sentence:

The eligibility rule in section 5.01(1)(f) of Rev. Proc. 2015–13, 2015–5 I.R.B. 419, (or successor) does not apply to a change in method of accounting described in section 5.06 of Rev. Proc. 2007–48, and made under section 21.09 of Rev. Proc. 2015–14, 2015–5 I.R.B. 450 (or successor).

February 2, 2015 556 Bulletin No. 2015–5

PAPERWORK REDUCTION ACT

The collection of information contained in this revenue procedure has been reviewed and approved by the Office of Management and Budget in accordance with the Paperwork Reduction Act (44 U.S.C. 3507) under control number 1545– 1551. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number.

The collections of information in this revenue procedure are in sections 3, 5, 6, 7, 8, 9, 10, 11, 14, 15, 16, 17, 19, 20, 21, 22, 23, 24, 29, 31, and 32. This information is necessary and will be used to determine whether the taxpayer properly changed to a permitted method of accounting. The collections of information are required for the taxpayer to obtain consent to change its method of accounting. The likely respondents are the following: individuals, farms, business or other for-profit institutions, nonprofit institutions, and small businesses or organizations.

The estimated total annual reporting and/or recordkeeping burden is 30,580 hours.

The estimated annual burden per respondent/recordkeeper varies from 1/6 hour to 8 % hours, depending on individual circumstances, with an estimated average of 1 ¼ hours. The estimated number of respondents is 27,336. The estimated annual frequency of responses is on occasion.

.SIGNIFICANT CHANGES

.01 Significant changes to the List of Automatic Changes (formerly known as the APPENDIX of Rev. Proc. 2011–14) include:

(1) Section 3.01 relating to advances made by a lawyer on behalf of clients, is amplified and modified to include method changes involving cases handled on a non-contingent fee basis;

(2) Section 6.01, relating to impermissible to permissible methods of depreciation or amortization, is clarified to provide that a taxpayer can make a change under this section if the asset is depreciable or amortizable under the taxpayer’s present or proposed method of accounting;

(3) Section 7.01, relating to changes for research and experimental (R&E) expenditures under § 174, is amplified and modified. Section 7.01 of this revenue procedure now applies to a method change from treating R&E expenditures under any provision of the Code other than § 174 (including § 263A) to treating R&E expenditures under § 174. Section 7.01 of this revenue procedure also now applies where a taxpayer already has a valid § 174 election in effect, but fails to treat a portion of its R&E expenditures in accordance with its valid election. Under section 7.01 of this revenue procedure, the taxpayer may change its method regarding that portion of its R&E expenditures to conform to its valid election;

(4) Section 10.11, relating to changes for tangible property, is modified. Sections 10.11(3)(a)(vii), 10.11(3)(b)(vii) and 10.11(8)(a) are modified to remove the term “transaction” in describing costs in addition to commissions that facilitate the sale of property by a dealer in property. This term is removed to eliminate inconsistencies in the terms utilized in section 10.11 and to more accurately reflect the costs described under § 1.263(a)–1(e)(2);

(5) Section 11.01, relating to certain UNICAP methods used by resellers and reseller producers, is clarified to provide that the change does not apply to a reseller or reseller-producer that wants to change its method of accounting for interest capitalization;

(6) Section 11.09, relating to changes to a reasonable allocation method described in § 1.263A–1(f)(4) for selfconstructed assets, is modified to provide that a reseller-producer may make this change, and that a producer or resellerproducer not capitalizing a cost subject to § 263A may make a change to capitalizing that cost under a reasonable method within the meaning of section 1.263A– 1(f)(4) (other than the methods specifically described in § 1.263A–1(f)(2) or (3)) that the producer or reseller-producer is already using for self-constructed assets;

(7) Section 14.01, relating to overall change from the cash method to an accrual method, is clarified, amplified, and modified to provide that a concurrent change to a special method is permitted to be made, if such change is also an automatic change under this revenue proce

dure, a section of the Code, or regulations, or in other guidance published in the Internal Revenue Bulletin;

(8) Section 14.09, relating to changes from the cash to an accrual method for specific items, is modified to provide that the change does not apply to a change in method of accounting for interest that is not taken into account under § 1.446–2;

(9) Section 14.15, relating to debt issuance costs, is modified to include a change for capitalized debt issuance costs from one permissible method to another permissible method under the last sentence of § 1.446–5(b)(2) if the total original issue discount determined for purposes of § 1.446–5 is de minimis ;

(10) Section 15.07, relating to advance payments, is modified to include a change for advance payments that are defined in § 1.451–5(a)(1);

(11) Section 15.10, relating to retainages, is clarified to provide that the change does not apply to retainages for long-term contracts that must be accounted for under the percentage-of-completion method under § 460, or to long-term-contracts accounted for under exempt percentage of completion method or the completed contract method and is modified to require a new separate designated automatic accounting method change number for retainages received under long-term contracts;

(12) Section 15.11, relating to advance payments - changes in applicable financial statements,(AFS), is modified to provide that a change under this section is made without audit protection under section 8.01 of Rev. Proc. 2015–13, 2015–5 I.R.B. 419;

(13) Section 16.01, relating to Series E, EE, or I U.S. savings bonds, is modified to waive the requirement under section 6.03(1)(a) of Rev. Proc. 2015–13 to file an Ogden copy (formerly the national office copy under Rev. Proc. 2011–14) of the statement required by section 16.01(2)(b) of this revenue procedure;

(14) Section 18.01, relating to changes for long-term contracts, is amplified and modified to include a change made by a taxpayer that is required to change its method of accounting for its long-term contracts as defined in § 460(f) to the percentage of completion method (PCM) described in § 1.460–3(b)(2) if the tax

Bulletin No. 2015–5 557 February 2, 2015

payer fails to use the PCM in the first taxable year and the succeeding taxable year(s);

(15) Section 19.01(3), relating to changes involving timing of incurring liabilities for vacation pay, is amplified and modified to include method changes involving sick pay, and severance pay. This change was previously limited to vacation pay;

(16) Section 21.16, relating to a change in computing ending inventory under the retail inventory method, is modified to provide that a retail LCM taxpayer may make a change to computing the cost complement to comply with § 1.471– 8(b)(3), including a change from an improper method to an alternative method for computing the cost complement and a change from one method described in § 1.471–8(b)(3) to another method described in § 1.471–8(b)(3);

(17) Section 22.07, relating to changes within the inventory price index computation (IPIC) method, is modified and amplified to include changes from using a representative appropriate month to using an appropriate month, and is modified to provide that the eligibility rule in section 5.01(1)(f) of Rev. Proc. 2015–13 is inapplicable in the case of a taxpayer using the 10 percent method described in § 1.472– 8(e)(3)(iii)(C)(2) that makes a change under section 22.07(1)(f) of this revenue procedure;

(18) This revenue procedure clarifies that the eligibility rule in section 5.01(1)(c) of Rev. Proc. 2015–13 (relating to § 381(a) transactions) applies to the method changes described in the List of Automatic Changes in a manner consistent with the rules provided in § 1.381(c)(4)–1(a)(4) or (5) or § 1.381(c)(5)–1(a)(4) or (5);

(19) The following sections are added to the List of Automatic Changes in this revenue procedure to provide additional changes in method of accounting to be made under the automatic change procedures:

(a) Section 4.02, relating to changes for conformity election by bank after previous election automatically revoked;

(b) Section 5.02, relating to changes to comply with § 163(e)(3);

(c) Section 10.12, relating to railroad track structure expenditures, is added to the List of Automatic Changes, consistent

with Rev. Proc. 2002–65, 2002–2 C.B. 700, and Rev. Proc. 2001–46, 2001–2 C.B. 263. However, the eligibility rules in section 5.01(1) of Rev. Proc. 2015–13 apply to a change under section 10.12 of this revenue procedure;

(d) Section 11.13, relating to changes to or within the U.S. ratio method;

(e) Section 11.14, relating to depletion; (f) Section 23.02, relating to changes from the mark-to-market method of accounting described in § 475 to a realization method of accounting; and

(g) Section 25.03, relating to changes in qualification as life/nonlife insurance company under § 816(a).

(20) The following sections are modified to provide that the eligibility rule in section 5.01(1)(d) of Rev. Proc. 2015–13 (final year of trade or business) applies to a taxpayer making a change under the automatic change procedures:

(a) Section 2.01, relating to treating amounts received as loans;

(b) Section 3.02, relating to ISO 9000 costs;

(d) Section 3.04, relating to timber grower fertilization costs;

(e) Section 10.03, relating to removal costs;

(f) Section 21.02, relating to estimating inventory “shrinkage”;

(g) Section 21.09, relating to rotable spare parts;

(h) Section 23.01, relating to commodities dealers, securities traders, and commodities traders electing to use the markto-market method of accounting under § 475(e) or (f);

(i) Section 31.01, relating to de minimis original issue discount (OID); and

(j) Section 33.02, relating to stated interest on short-term loans of cash method banks.

(21) The following sections are modified to provide that the eligibility rule in section 5.01(1)(f) of Rev. Proc. 2015–13 (5-year item change) applies to a taxpayer making a change under the automatic change procedures:

(a) Section 3.02, relating to ISO 9000 costs;

(b) Section 3.03, relating to restaurant or tavern smallwares packages

(d) Section 21.02, relating to Estimating inventory “shrinkage”;

(22) The following sections of this revenue procedure are obsolete and are removed from the revenue procedure in their entirety:

(a) Section 6.12, relating to depreciation of qualified revitalization building in the expanded area of a renewal community;

(b) Section 6.13, relating to loss disallowance rule upon a disposition of an insurance contract acquired in an assumption re-insurance transaction;

(d) Section 11.03, relating to changes to no longer capitalize research and experimental expenditures under § 263A, is removed because it is now covered by new section 7.01(2)(a)(iv) of this revenue procedure, and is therefore obsolete; and

(e) Section 13.01, relating to a change to comply with § 404(a)(11).

(23) Because the following sections can also be made under section 6.01 of this revenue procedure, they are removed from the revenue procedure in their entirety:

(a) Section 6.04, relating to depreciation of modern golf course greens;

(b) Section 6.05, relating to depreciation of original and replacement tire costs;

(d) Section 6.07, relating to depreciation of utility assets;

(e) Section 6.18, relating to depreciation of MACRS property acquired in a like-kind exchange or as a result of an involuntary conversion; and

(f) Section 6.21, relating to a change in treatment of land from depreciable to nondepreciable property.

(24) Certain method changes described in the APPENDIX of Rev. Proc. 2011–14 permitted a taxpayer to file a statement in lieu of a Form 3115. See, for example, sections 14.10, 15.11, 16.01, 17.01, 19.08, and certain changes under section 14.04 of the APPENDIX of Rev. Proc. 2011–14. Section 6.01 of Rev. Proc. 2015–13 requires taxpayers to file a Form 3115 when requesting consent under the automatic change procedures. However, the follow

February 2, 2015 558 Bulletin No. 2015–5

ing sections permit a taxpayer to request consent for a change on a short Form 3115: 11.13, 14.10, 17.01, and 19.08. See section 3.07(2) of Rev. Proc. 2015–13 for the definition of a short Form 3115. Sections 15.11 and 16.01, and certain changes under section 14.04 of this revenue procedure continue to permit a taxpayer to file a statement in lieu of a Form 3115.

(25) The following sections are modified to include a reduced filing requirement of the Form 3115 by qualified small taxpayers:

(a) Section 6.01, relating to a change from an impermissible to permissible method of accounting for depreciation;

(b) Section 6.02, relating to a change from a permissible to permissible method of accounting for depreciation;

(d) Section 6.09, relating to a change in general asset account treatment due to a change in the use of MACRS property;

(e) Section 6.10, relating to a change in method of accounting for depreciation due

Designated

to a change in the use of MACRS property;

(f) Section 6.11, relating to depreciation of qualified non-personal use vans and light trucks;

(g) Section 6.17, relating to a change from impermissible to permissible method of accounting for depreciation or amortization for disposed depreciable or amortizable property;

(h) Section 6.23, relating to tenant construction allowances;

(i) Section 6.26, relating to safe harbor method of accounting for determining the depreciation of certain tangible assets used by wireless telecommunications carriers under Rev. Proc. 2011–22; and

(j) Section 10.07, relating to repairable and reusable spare parts.

DRAFTING INFORMATION

The principal author of this revenue procedure is Karla M. Meola of the Office of Associate Chief Counsel (Income Tax

and Accounting). For further information regarding this revenue procedure, contact Ms. Meola, at (202) 317-7005 (not a tollfree number).

For further information regarding a specific change in method of accounting in this revenue procedure, contact the individual listed in the “Contact Person(s)” section located at the end of each section of the revenue procedure (telephone calls are not toll-free) or see the CONTACT LIST at the end of this revenue procedure. The contact person is with one of the following Offices of Associate Chief Counsel: Corporate (CORP), Financial Institutions and Products (FI&P), Income Tax & Accounting (IT&A), International (INTL), Passthroughs and Special Industries (P&SI), or Tax Exempt and Government Entities (TEGE).

LIST OF AUTOMATIC CHANGES CONTACT LIST

Section Number

Automatic Accounting Change

Number Contact Name Telephone Number Office

1.01 91 William E. Blanchard (202) 317-3900 FI&P

2.01 1 William Ruane (202) 317-4718 IT&A 3.01 2 Martin Osborne ¹ (202) 317-7011 IT&A 3.02 3 Martin Osborne ² (202) 317-7011 IT&A 3.03 4 Martin Osborne ³ (202) 317-7011 IT&A 3.04 86 Martin Osborne ⁴ (202) 317-7011 IT&A

3.05 See § 10.11 See § 10.11 See § 10.11 IT&A

3.06 See § 10.11 See § 10.11 See § 10.11 IT&A

3.07 158 Lewis Saideman (202) 317-5100 IT&A

3.08 159 Lewis Saideman (202) 317-5100 IT&A

3.09 160 Lewis Saideman (202) 317-5100 IT&A

3.10 Reserved Reserved Reserved

3.11 Reserved Reserved Reserved

3.12 Reserved Reserved Reserved

3.13 Reserved Reserved Reserved

3.14 Reserved Reserved Reserved

3.15 Reserved Reserved Reserved

3.16 Reserved Reserved Reserved

3.17 Reserved Reserved Reserved

3.18 Reserved Reserved Reserved

3.19 Reserved Reserved Reserved

Bulletin No. 2015–5 559 February 2, 2015

Section Number

Designated

Automatic Accounting Change

Number Contact Name Telephone Number Office

3.20 182 Lewis Saideman (202) 317-5100 IT&A

3.21 208, 209 Merrill Feldstein (202) 317-5100 IT&A

4.01 5 Renay France (202) 317-7003 IT&A

4.02 211 Timothy Sebastian (202) 317-6945 FI&P

5.01 16 William E. Blanchard (202) 317-3900 FI&P

5.02 212 Joseph Vetting (202) 317-4960 INTL

6.01 7 Douglas Kim (202) 317-7005 IT&A

6.02 8 Douglas Kim (202) 317-7005 IT&A

6.03 10 Edward Schwartz (202) 317-7006 IT&A

6.04 Reserved Reserved Reserved

6.05 Reserved Reserved Reserved

6.06 Reserved Reserved Reserved

6.07 Reserved Reserved Reserved

6.08 15 Charles Magee (202) 317-7005 IT&A

6.09 87 Charles Magee (202) 317-7005 IT&A

6.10 88 Charles Magee (202) 317-7005 IT&A

6.11 89 Bernard Harvey (202) 317-7005 IT&A

6.12 Reserved Reserved Reserved

6.13 Reserved Reserved Reserved

6.14 Reserved Reserved Reserved

6.15 Reserved Reserved Reserved

6.16 Reserved Reserved Reserved

6.17 107 Douglas Kim (202) 317-7005 IT&A

6.18 Reserved Reserved Reserved

6.19 Reserved Reserved Reserved

6.20 Reserved Reserved Reserved

6.21 Reserved Reserved Reserved

6.22 Reserved Reserved Reserved

6.23 145 Charles Magee (202) 317-7005 IT&A

6.24 Reserved Reserved Reserved

6.25 Reserved Reserved Reserved

6.26 157 Charles Magee (202) 317-7005 IT&A

6.27 175 Patrick M. Clinton (202) 317-7005 IT&A

6.28 176 Patrick M. Clinton (202) 317-7005 IT&A

6.29 177 Patrick M. Clinton (202) 317-7005 IT&A

6.30 178 Patrick M. Clinton (202) 317-7005 IT&A

6.31 179 Patrick M. Clinton (202) 317-7005 IT&A

6.32 180 Patrick M. Clinton (202) 317-7005 IT&A

6.33 196 Patrick M. Clinton (202) 317-7005 IT&A

6.34 197 Patrick M. Clinton (202) 317-7005 IT&A

6.35 198 Patrick M. Clinton (202) 317-7005 IT&A

6.36 199 Patrick M. Clinton (202) 317-7005 IT&A

6.37 200 Patrick M. Clinton (202) 317-7005 IT&A

6.38 205 Patrick M. Clinton (202) 317-7005 IT&A

February 2, 2015 560 Bulletin No. 2015–5

Section Number

Designated

Automatic Accounting Change

Number Contact Name Telephone Number Office

6.39 206 Patrick M. Clinton (202) 317-7005 IT&A

6.40 207 Patrick M. Clinton (202) 317-7005 IT&A

6.41 Summary of changes

related to dispositions of MACRS property

6.42 210 Charles Magee (202) 317-7005 IT&A

7.01 17 Grant D. Anderson (202) 317-7005 IT&A

8.01 Reserved Reserved Reserved

8.02 Reserved Reserved Reserved

8.03 Reserved Reserved Reserved

8.04 152 Jennifer Bernardini (202) 317-6853 P&SI

9.01 18 Charles Magee (202) 317-7005 IT&A

9.02 Reserved Reserved Reserved

10.01 19 Deena Devereux (202) 317-7003 IT&A

10.02 20 Deena Devereux (202) 317-7003 IT&A

10.03 21 Deena Devereux (202) 317-7003 IT&A

10.04 47 Deena Devereux (202) 317-7003 IT&A

10.05 78 Deena Devereux (202) 317-7003 IT&A

10.06 109 Deena Devereux (202) 317-7003 IT&A

10.07 121 Deena Devereux (202) 317-7003 IT&A

10.08 Reserved Reserved Reserved

10.09 Reserved Reserved Reserved

10.10 Reserved Reserved Reserved

10.11 162-170, 172-173, Lewis Saideman (202) 317-5100 IT&A 184-193

10.12 213 Gwen Turner (202) 317-7003 IT&A

11.01 22 Christopher W. Call (202) 317-7007 IT&A

11.02 23 Neville R. Jiang (202) 317-7007 IT&A

11.03 Reserved Reserved Reserved IT&A

11.04 25 Neville R. Jiang (202) 317-7007 IT&A

11.05 77 John Roman Faron (202) 317-7005 IT&A

11.06 92 John Roman Faron (202) 317-7005 IT&A

11.07 150, 151 Neville R. Jiang (202) 317-7007 IT&A

11.08 181 Patrick M. Clinton (202) 317-7005 IT&A

11.09 194 Christopher W. Call (202) 317-7007 IT&A

11.10 195 Roy Hirschhorn (202) 317-7007 IT&A

11.11 201 John Roman Faron (202) 317-7005 IT&A

11.12 202 John Roman Faron (202) 317-7005 IT&A

11.13 214 Karla M. Meola (202) 317-7005 IT&A

11.14 215 John Roman Faron (202) 317-7005 IT&A

12.01 26 Steven Gee (202) 317-7007 IT&A

Joseph Vetting (202) 317-4960 INTL

13.01 Reserved Reserved Reserved

13.02 28 Maryellen Furr (202) 317-5600 TEGE

Bulletin No. 2015–5 561 February 2, 2015

Section Number

Designated

Automatic Accounting Change

Number Number Contact Name Telephone Number Office

13.03 29 David Ziegler (202) 317-8629 EP

Carlton Watkins (202) 317-8631 EP

14.01 122, 123 Cheryl Oseekey (202) 317-7007 IT&A

14.02 31 Erika Reigle (202) 317-5100 IT&A

14.03 32,33 Neville R. Jiang (202) 317-7007 IT&A

14.04 34, 35 Karla M. Meola (202) 317-7005 IT&A

14.05 71 William E. Blanchard (202) 317-3900 FI&P

14.06 85 Bernard Harvey (202) 317-7005 IT&A

14.07 90 David Remus (202) 317-6995 FI&P

14.08 108 Timothy Sebastian (202) 317-6945 FI&P

14.09 124 Charles Gorham (202) 317-7003 IT&A

14.10 125 Erika Reigle (202) 317-5100 IT&A

14.11 126 Megan M. Kirmil (202) 317-7007 IT&A

14.12 127 K. Scott Brown (202) 317-6945 FI&P

14.13 128 Maxine Woo-Garcia (202) 317-7011 IT&A

Renay France (202) 317-7003 IT&A

14.14 129 David H. McDonnell (202) 317-4137 P&SI

14.15 148 Charles W. Culmer (202) 317-6945 FI&P

15.01 36 Timothy Sebastian (202) 317-6945 FI&P

15.02 37 Daniel Cassano (202) 317-7011 IT&A

15.03 38 Sandra Cheston (202) 317-7011 IT&A

15.04 39 Arvind Ravichandran (202) 317-4718 IT&A

15.05 80, 81 Jon Silver (202) 317-7053 FI&P

15.06 82 Jon Silver (202) 317-7053 FI&P

15.07 83, 84, 216 Peter Ford (202) 317-7011 IT&A

15.08 94 Jon Silver (202) 317-7053 FI&P

15.09 Reserved Reserved Reserved

15.10 130, 217 Peter Cohn (202) 317-7011 IT&A

15.11 153 Ronald Goldstein (202) 317-7003 IT&A

16.01 131 William E. Blanchard (202) 317-3900 FI&P

17.01 132 Patrick M. Clinton (202) 317-7005 IT&A

18.01 41 Lore Cavanaugh (202) 317-7006 IT&A

19.01 42, 133, 134 Sandra Cheston (202) 317-7011 IT&A

19.02 43 Erika Reigle (202) 317-5100 IT&A

19.03 44 Erika Reigle (202) 317-5100 IT&A

19.04 45, 113 Mon Lam (202) 317-5100 IT&A

19.05 46 Mon Lam (202) 317-5100 IT&A

19.06 106 Christina M. (202) 317-7003 IT&A

(202) 317-7003 IT&A

Glendening

19.07 135 Mon Lam (202) 317-5100 IT&A

19.08 149 Daniel Cassano (202) 317-7011 IT&A

19.09 154 Christina M. (202) 317-7003 IT&A

Glendening

19.10 156 Christina M.

Glendening

(202) 317-7003 IT&A

February 2, 2015 562 Bulletin No. 2015–5

Section Number

Designated

Automatic Accounting Change

Number Number Contact Name Telephone Number Office

19.11 161 Christina M. (202) 317-7003 IT&A

(202) 317-7003 IT&A

Glendening

20.01 136 William Ruane (202) 317-4718 IT&A

21.01 48 Christopher W. Call (202) 317-7007 IT&A

21.02 49 Steven Gee (202) 317-7007 IT&A

21.03 50, 51 Neville R. Jiang (202) 317-7007 IT&A

21.04 53 Christopher W. Call (202) 317-7007 IT&A

21.05 54 Christopher W. Call (202) 317-7007 IT&A

21.06 55 Neville R. Jiang (202) 317-7007 IT&A

21.07 63 Neville R. Jiang (202) 317-7007 IT&A

21.08 96 Neville R. Jiang (202) 317-7007 IT&A

21.09 110 Elizabeth Binder (202) 317-7003 IT&A

21.10 111 Neville R. Jiang (202) 317-7007 IT&A

21.11 137 Christopher W. Call (202) 317-7007 IT&A

21.12 138 Christopher W. Call (202) 317-7007 IT&A

21.13 139 Christopher W. Call (202) 317-7007 IT&A

21.14 114 Christopher W. Call (202) 317-7007 IT&A

21.15 203 John Roman Faron (202) 317-7005 IT&A

21.16 204 Natasha M. (202) 317-7005 IT&A Mulleneaux

22.01 56 Leo Nolan (202) 317-7007 IT&A

22.02 57 Leo Nolan (202) 317-7007 IT&A

22.03 58 Leo Nolan (202) 317-7007 IT&A

22.04 59 Leo Nolan (202) 317-7007 IT&A

22.05 60 Christopher W. Call (202) 317-7007 IT&A

22.06 61 Leo Nolan (202) 317-7007 IT&A

22.07 62 Leo Nolan (202) 317-7007 IT&A

22.08 112 Leo Nolan (202) 317-7007 IT&A

22.09 140 Leo Nolan (202) 317-7007 IT&A

22.10 141 Leo Nolan (202) 317-7007 IT&A

23.01 64 Eric E. Boody (202) 317-6945 FI&P

23.02 218 Eric E. Boody (202) 317-6945 FI&P

24.01 66 K. Scott Brown (202) 317-6945 FI&P

Laura Fields (202) 317-6850 P&SI

Adrienne Mikolashek (202) 317-6850 P&SI

25.01 67 David Remus (202) 317-6995 FI&P

25.02 155 Rebecca L. Baxter (202) 317-6995 FI&P

25.03 219 Rebecca L. Baxter (202) 317-6995 FI&P

26.01 68 David Remus (202) 317-6995 FI&P

27.01 79 John W. Rogers, III (202) 317-6895 FI&P

28 Reserved Reserved Reserved

29.01 70 Peter Merkel (202) 317-4919 INTL

30.01 Reserved Reserved Reserved

31.01 72 William E. Blanchard (202) 317-3900 FI&P

31.02 183 Charles W. Culmer (202) 317-6945 FI&P

Bulletin No. 2015–5 563 February 2, 2015

Section Number

Designated

Automatic Accounting Change

Number Number Contact Name Telephone Number Office

32.01 73 William E. Blanchard (202) 317-3900 FI&P

33.01 74 William E. Blanchard (202) 317-3900 FI&P

33.02 75 William E. Blanchard (202) 317-3900 FI&P 1Before November 1, 2015, please contact Daniel Cassano, at (202) 317-7011 (not a toll-free number). 2Before November 1, 2015, please contact Daniel Cassano, at (202) 317-7011 (not a toll-free number). 3Before November 1, 2015, please contact Daniel Cassano, at (202) 317-7011 (not a toll-free number). 4Before November 1, 2015, please contact Daniel Cassano, at (202) 317-7011 (not a toll-free number).

26 CFR 601.105: Examination of returns and claims for refund, credit, or abatement; determination of correct tax liability. (Also Part I, §§ 5000A; 1.5000A–4.)

Rev. Proc. 2015–15