Revenue Procedure 2007-35 - Statistical Sampling for Purposes of Section 199

The revenue procedure provides for determining when statistical sampling may be used for purposes of Internal Revenue Code section 199, which provides a deduction for income attributable to domestic production activities, and establishes acceptable statistical sampling methodologies. The collection of information in the revenue procedure involves a recordkeeping requirement for taxpayers that use statistical sampling under section 199.

The latest form for Revenue Procedure 2007-35 - Statistical Sampling for Purposes of Section 199 expires 2021-01-31 and can be found here.