Announcement 2010-32 informs taxpayers and practitioners that the IRS has revised Form 3115, Application for Change in Accounting Method, and its instructions. The Form 3115 (Rev. December 2009) replaces the December 2003 version. This announcement also provides a transition period and transition guidance.
Announcement 2010-32 will appear in IRB 2010-19 dated May 10, 2010.