SECTION 8. EFFECTIVE DATE

.01 In general . This revenue procedure is effective on February 21, 2020.

.02 Transition rule . If on or before February 21, 2020, a taxpayer properly filed a Form 3115 under the non-automatic change procedures in Rev. Proc. 2015-13 requesting the Commissioner’s consent to revoke its § 263A(d)(3) election, and the Form 3115 is pending with the national office on February 21, 2020, the taxpayer may choose to revoke its § 263A(d)(3) election using the procedures provided in this revenue procedure, if the taxpayer is otherwise eligible to use this revenue procedure. The taxpayer must notify the national office contact person for the Form 3115 (if unknown, see section 9.08(6) of Rev. Proc. 2020-1, 2020-1 I.R.B. 1, 51 (or any successor)) of the taxpayer’s intent to make the § 263A(d)(3) revocation under this revenue procedure before the later of (a) March 22, 2020, or (b) the issuance of a letter ruling granting or denying consent for the revocation. The notification should indicate that the taxpayer chooses to apply the revocation procedures contained in this revenue procedure. If the taxpayer timely notifies the national office that it chooses to convert the Form 3115 to the procedures contained in this revenue procedure, the national office will send a letter to the taxpayer acknowledging its request and will return the user fee submitted with the Form 3115.