RP-2024-30: Methods of accounting

Revenue Procedure 2024-30 modifies Rev. Proc. 2024-23, 2024-23 I.R.B. 1334, to provide procedures under § 446 of the Internal Revenue Code and § 1.446-1(e) of the Income Tax Regulations for obtaining automatic consent of the Commissioner of Internal Revenue to change methods of accounting to the Allowance Charge-off Method described in proposed regulations under section 166. See REG-121010-17 (88 FR 89636).

Revenue Procedure 2024-30 will be in IRB: 2024-30, dated July 22, 2024.

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