SECTION 3. SCOPE

This revenue procedure applies to a section 965 specified foreign corporation seeking to change its taxable year that ends on December 31, 2017. For purposes of applying this revenue procedure, a 52– 53-week taxable year is deemed to begin on the first day of the calendar month nearest to the first day of the 52–53-week taxable year, and is deemed to end or

1The term “specified foreign corporation” is defined differently in sections 898(b) and 965(e). In order to avoid confusion, this revenue procedure refers to a specified foreign corporation within the meaning of section 898(b) as a “section 898 specified foreign corporation” and to a specified foreign corporation within the meaning of section 965(e) as a “section 965 specified foreign corporation.”

Bulletin No. 2018–9 385 February 26, 2018

close on the last day of the calendar month nearest to the last day of the 52–53-week taxable year, as the case may be. See § 1.441–2(c).