SECTION 1. PURPOSE

This revenue procedure provides the exclusive procedures for certain applicable entities, as defined in § 6417(d)(1) (A) of the Internal Revenue Code (Code) ¹ and the regulations thereunder that are not required to file either a federal income tax return under § 6011 ² or an annual information return under § 6033(a), but previously filed a Form 990-T solely to make an elective payment election under § 6417, to change their annual accounting period. An in-scope applicable entity (as defined in section 3.02 of this revenue procedure) that complies with all the applicable provisions of this revenue procedure will have obtained the approval of the Commissioner of Internal Revenue (Commissioner) to change its annual accounting period.