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Internal Revenue Bulletin:  2003-35 

September 2, 2003 


Table of Contents

Notice 2003-59 Notice 2003-59

Uniform capitalization; methods of accounting. This notice modifies Notice 2003-36 to permit certain taxpayers to use the automatic approval procedures of Rev. Proc. 2002-9 to change their method of accounting to the simplified service cost or simplified production method for self-constructed assets for their most recent taxable year ending on or before May 8, 2003. This notice also informs taxpayers that, in the future, the Service and Treasury Department may provide guidance under which the automatic approval procedures will no longer apply to a method of accounting, effective for applications filed after such change is announced. Notice 2003-36 modified.

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