We now have another Rev Proc for 3115 adjustments. It is Rev Proc 2007-16. When doing a From 3115 do we put on all of them pursuant to Rev Proc 2007-16 or do we have to figure out which Rev Proc is controlling for our situation and put that at the top?
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You have to use the specific Rev Proc that deals with your situation if it is not already listed in the instructions for Form 3115. Page 4 of the instructions for line 1 says:
"If the accounting method change is not included in the List
of Automatic Accounting Method Changes or assigned a
number in subsequently published guidance, the filer should
check the box for line 1(b) and identify the revenue procedure
or other published guidance under which the accounting
method change is being requested."
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