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IRS Guideline June 26, 2012, News Essentials Issue Number: RP201229 What's Hot Inside This Issue News Releases IRS The Basics Part III IRS Guidance Administrative, Procedural, and Miscellaneous Media

How to fill out rev proc 2012-29

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What is rev proc 29?

Rev Proc 29 is a revenue procedure issued by the IRS that provides guidance on how to request certain changes in accounting methods.

Who is required to file rev proc 29?

Taxpayers who want to change their accounting methods are required to file rev proc 29.

How to fill out rev proc 29?

Rev Proc 29 can be filled out by following the instructions provided by the IRS and providing all the necessary information requested.

What is the purpose of rev proc 29?

The purpose of rev proc 29 is to ensure that taxpayers comply with the IRS guidelines when changing accounting methods.

What information must be reported on rev proc 29?

Rev Proc 29 requires taxpayers to report detailed information about the proposed accounting method change, including the reasons for the change and the impact on financial statements.