Revenue Procedure 2011-42 provides taxpayers with guidance regarding the use and evaluation of statistical samples and sampling estimates. For Revenue Procedure 2011-42 the OTP contact is Eric Lucas.

Revenue Procedure 2011-43 provides a safe harbor method of accounting that taxpayers may use to determine whether expenditures to maintain, replace, or improve electric transmission and distribution property must be capitalized under § 263(a) of the Internal Revenue Code. The revenue procedure also provides procedures for obtaining automatic consent to change to the safe harbor method of accounting. For Revenue Procedure 2011-43, the OTP contact is Brandon Carlton.

Revenue Procedure 2011-42 and 2011-43 will be in Internal Revenue Bulletin 2011-37 on Sept. 12, 2011.

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