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Law Offices of Donald A. Barnes, PLLC
818 Connecticut Avenue, N.W., Suite 1200
Washington, DC 20006
Telephone: (202) 728-4407
Cell: (202) 360-0275
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Washington Tax Alert January 3, 2012

Washington Tax Alert from Don Barnes,

January 3, 2012

The Internal Revenue Service has announced changes in user fees for private letter rulings and accounting method changes, effective February 5, 2012. See Rev. Proc. 2012-1.

The user fee for private letter rulings, other than ruling requests for relief under Treas. Reg. § 301.9100-3, will be increased from $14,000 to $18,000. The user fee for 9100 applications will be decreased from $14,000 to $10,000.

The user fee for changes in accounting method (Form 3115) will be increased from $4,200 to $7,000. No user fee is required if the change in accounting method qualifies for automatic consent under Rev. Proc. 2011-14, or various other automatic change procedures.

The user fee for applications relating to annual accounting periods (Form 1128) and requests to use a fiscal year based on a business purpose (Form 2553) will be decreased from $3,200 to $2,700.