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26 CFR 601.602: Forms and instructions. (Also Part I, 6011, 6051, 6071; 31.6011(a) 4, 31.6051 1, 31.6071(a) 1. Rev. Pro. 96 60 SECTION 1. PURPOSE .01 This revenue procedure modifies and supersedes
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What is rev proc 60 form?
Rev Proc 60 form is a form used by taxpayers to request a change in accounting method for federal income tax purposes.
Who is required to file rev proc 60 form?
Taxpayers who wish to change their accounting method for federal income tax purposes are required to file rev proc 60 form.
How to fill out rev proc 60 form?
Rev Proc 60 form must be filled out with the necessary information related to the taxpayer's request for a change in accounting method. The form requires details such as taxpayer identification number, tax year, current accounting method, proposed accounting method, and explanation of reasons for the change.
What is the purpose of rev proc 60 form?
The purpose of rev proc 60 form is to provide a formal request for a change in accounting method for federal income tax purposes. It allows taxpayers to request approval from the Internal Revenue Service (IRS) to change their existing method of accounting.
What information must be reported on rev proc 60 form?
Rev Proc 60 form requires taxpayers to report their taxpayer identification number, tax year, current accounting method, proposed accounting method, and a detailed explanation of the reasons for the requested change in accounting method.
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