Internal Revenue Bulletin: 2015-24
June 15, 2015
This revenue procedure corrects or clarifies several items in Rev. Proc. 2015–13, 2015–13 I.R.B. 419, regarding certain procedures for changing a method of accounting. Specifically, this revenue procedure (1) modifies the transition rules under section 15.02(1)(a)(ii) of Rev. Proc. 2015–13 to provide additional time to file Forms 3115 under Rev. Proc. 2011–14, 2011–4 I.R.B. 330; (2) clarifies when the automatic change procedures do not apply if the taxpayer engages, within the requested year of change, in a transaction to which § 381(a) applies; (3) clarifies the meaning of “three-month window” under section 8.02(1)(a)(ii) of Rev. Proc. 2015–13 for a taxpayer with a 52–53 week taxable year; and (4) discusses a clarification to the applicable Ogden, UT, address provided in section 9.05 of Rev. Proc. 2015–1, 2015–1 I.R.B. 1.
This notice requests comments regarding the effect on taxpayers’ methods of accounting of new financial accounting revenue recognition standards announced by the Financial Accounting Standards Board and the International Accounting Standards Board. Comments should be submitted by September 16, 2015.
This notice provides guidance under sections 1(h) and 852 of the Code to regulated investment companies and their shareholders on the computation and treatment of capital gain dividends.
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