SECTION 10. PAPERWORK

REDUCTION ACT

This revenue procedure does not impose any additional information collection requirements in the form of reporting, recordkeeping requirements or third-party disclosure requirements. However, because this revenue procedure provides a method change option for taxpayers to revoke their § 263A(d)(3) election for the 2018 taxable year in section 5.02(2)(b) of this revenue procedure, the consent of the Commissioner under § 446(e) is required before the taxpayer or related person can use the

exemption in § 263A(i). The IRS expects that these taxpayers will request this consent by filing Form 3115, Appli- cation for Change in Accounting Meth- od . This revenue procedure alternatively provides an option for taxpayers to revoke their § 263A(d)(3) election for the 2018 taxable year in section 5.02(2)(a) of this revenue procedure by filing an amended return. For purposes of the Paperwork Reduction Act, the reporting burden associated with any collection of information using the method of accounting option in sections 5.02(2)(a) and (b) of this revenue procedure will be reflected in OMB control number

1545-0074 for individual income tax returns; OMB control number 1545-0123 for business taxpayers; or OMB control number 1545-2070 for other taxpayers in the case of a Form 3115.