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expense to be taken into account in the taxable year in which

disposition of the building (including its structural components).

they are actually consumed and used in operation. See section

See section 6.24 in the Appendix to Rev. Proc. 2008-52, as

3.05 in the Appendix to Rev. Proc. 2008-52, as modified by

modified by section 2.10 of Rev. Proc. 2009-39 (creating new

section 2.07 of Rev. Proc. 2009-39 (creating new section 3.05).

section 6.24).

144. Repair and maintenance costs (section 162) — for an

147. Dispositions of tangible depreciable assets (other

applicant changing from capitalizing under section 263(a) costs

than a building or its structural components) (section

paid or incurred to repair and maintain tangible property

168) — for an applicant changing to a unit of property that is

(including network assets) to treating the repair and

permissible under applicable legal authority for determining

maintenance costs as ordinary and necessary business

when the applicant has disposed of a section 1245 property a

expenses under section 162 and Regulations section 1.162-4.

depreciable land improvement for depreciation purposes. This

See section 3.06 in the Appendix to Rev. Proc. 2008-52, as

change will also affect the determination of gain or loss from the

modified by section 2.08 of Rev. Proc. 2009-39 (creating new

disposition of the section 1245 property or the depreciable land

section 3.06).

improvement. See section 6.25 in the Appendix to Rev. Proc.

145. Tenant constructions allowances (section 168) — for

2008-52, as modified by section 2.11 of Rev. Proc. 2009-39

an applicant changing from improperly treating the applicant as

(creating new section 6.25).

having a depreciable interest in the property subject to the

148. Debt issuance costs (section 446) — for an applicant

tenant construction allowances for federal income tax purposes

changing its method of accounting to comply with 1.446-5,

to properly treating the applicant as not having a depreciable

interest in such property for federal income tax purposes; or

which provides rules for allocating the costs over the term of the

from improperly treating the applicant as not having a

debt. See section 14.15 in the Appendix to Rev. Proc. 2008-52,

depreciable interest in the property subject to the tenant

as modified by section 2.16 of Rev. Proc. 2009-39 (creating

construction allowances for federal income tax purposes to

new section 14.15).

properly treating the applicant as having a depreciable interest

149. Ratable accrual of real property taxes (section 461) —

in such property for federal income tax purposes. See section

for an accrual method applicant for real property taxes that

6.09 in the Appendix to Rev. Proc. 2008-52, as modified by

relate to a definite period of time to the method described in

section 2.09 of Rev. Proc. 2009-39 (creating new section 6.09).

section 461(c) and section 1.461-1(c)(1) (ratable accrual

146. Dispositions of structural components of a building

election) for a taxable year other than the applicant’s first

(section 168) — for an applicant changing to a unit of property

taxable year in which real property taxes are incurred. See

that is permissible under applicable legal authority for

section 19.08 in the Appendix to Rev. Proc. 2008-52, as

determining when the applicant has disposed of a building and

modified by section 2.23 of Rev. Proc. 2009-39 (creating new

its structural components for depreciation purposes. This

section 19.08).

change will also affect the determination of gain or loss from the

Privacy Act and Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws

of the United States. Section 446(e) says that you must obtain IRS approval before you change your method of accounting, except

where otherwise provided. To obtain this approval, you are required to provide the information requested on this form. This

information will be used to ensure that you are complying with the applicable laws, and to figure and collect the right amount of tax.

Failure to provide all of the information requested may prevent processing of this form. Providing false information may subject you

to penalties. Routine uses of this information include giving it to the Department of Justice for civil and criminal litigation, and to

cities, states, and the District of Columbia for use in the administration of their tax laws. We may also disclose this information

including giving it to Federal and state agencies to enforce Federal non-tax criminal laws and to combat terrorism.

You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the

form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their

contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are

confidential, as required by section 6103.

The time needed to complete and file this form will vary depending on individual circumstances. The estimated burden for

individual taxpayers filing this form is approved under OMB control number 1545-0074 and is included in the estimates shown in the

instructions for their individual income tax return. The estimated burden for all other taxpayers who file this form is shown below.

Learning about the law

Preparing and sending

Form

Recordkeeping

or the form

the form to the IRS

3115

38 hr., 29 min.

19 hr., 54 min.

23 hr., 48 min.

Sch. A

3 hr., 21 min.

1 hr., 51 min.

3 hr., 11 min.

Sch. B

1 hr., 25 min.

30 min.

33 min.

Sch. C

5 hr., 1 min.

45 min.

2 hr., 4 min.

Sch. D

27 hr., 30 min.

1 hr., 59 min.

2 hr., 31 min.

Sch. E

3 hr., 49 min.

1 hr., 59 min.

2 hr., 8 min.

If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler, we would be

happy to hear from you. You can write to the Internal Revenue Service, Tax Products Coordinating Committee,

SE:W:CAR:MP:T:T:SP, 1111 Constitution Ave. NW, IR-6406, Washington, DC 20224. Do not send the tax form to this office.

Instead, see When and Where To File on page 2.

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Instructions For Form 3115 - Application For Change In Accounting Method - Internal Revenue Service - 2009 Page 17

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