Change in Method of Accounting for Research or Experimental Expenditures
Required Statement Pursuant to Rev. Proc. 2023-08

Taxpayer name: __________

Taxpayer EIN: __________

This required statement pursuant to Rev. Proc. 2023-08 is effective for the taxable year beginning [on date] and ending [on date].

Designated automatic accounting method change number: 265

The expenditures included in this statement include research and experimental expenditures, including:

• [list of expenditures being capitalized, such as depreciation, salaries and wages, overhead costs, etc.]

The total research and experimental expenditures paid or incurred by the taxpayer during the year of change is:

• [dollar amount of R&E expenditures being capitalized for the year]

The taxpayer declares that it is changing its method of accounting for specified research and experimental expenditures to capitalize such expenditures to a specified research and experimental capital account. Such expenditures will be amortized over five years (15 years for foreign research and experimental expenditures) beginning with the midpoint of the taxable year in which such expenditures are paid or incurred in accordance with the method permitted under IRC §174. The taxpayer is making these changes on the cutoff basis.