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Also Part I 864 1. 861 8T 1. 861 9T. Rev. Proc. 2003 37 SECTION 1. PURPOSE This revenue procedure describes documentation and information a taxpayer that uses the fair market value method of apportionment of interest expense may prepare and make available to the Internal Revenue Service Service upon request in order to establish the fair market value of the taxpayer s assets to the satisfaction of the Commissioner as required by 1.
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What is rev proc 37 form?
Rev Proc 37 form is a form used by taxpayers to request the approval of the Internal Revenue Service (IRS) for a change in accounting method.
Who is required to file rev proc 37 form?
Taxpayers who want to change their accounting method are required to file rev proc 37 form.
How to fill out rev proc 37 form?
To fill out rev proc 37 form, taxpayers must provide detailed information about the proposed change in accounting method, including the reason for the change and the impact on their financial statements.
What is the purpose of rev proc 37 form?
The purpose of rev proc 37 form is to obtain approval from the IRS for a change in accounting method in order to comply with tax laws and regulations.
What information must be reported on rev proc 37 form?
Rev proc 37 form must include detailed information about the current accounting method, the proposed new accounting method, the reason for the change, and the impact on financial statements.
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