SECTION 18. PAPERWORK

REDUCTION ACT

p. 121 .01 May be relied on subject to limitations

.02 Will not apply to another taxpayer

.03 Will be used by a key district director in examining the taxpayer’s return

.04 May be revoked or modified if found to be in error

.05 Not generally revoked or modified retroactively

.06 Retroactive effect of revocation or modification applied to a particular transaction

.07 Retroactive effect of revocation or modification applied to a continuing action or series of actions

.08 May be retroactively revoked or modified when transaction is completed without reliance on the letter ruling

.09 Taxpayer may request that retroactivity be limited

(1) Request for relief under § 7805(b) must be made in required format

(2) Taxpayer may request a conference on application of § 7805(b)

p. 124 .01 Has same effect as a letter ruling

.02 Taxpayer may request that retroactive effect of revocation or modification be limited

(1) Request for relief under § 7805(b) must be made in required format

(2) Taxpayer may request a conference on application of § 7805(b)

(3) Taxpayer steps in exhausting administrative remedies

p. 125 .01 Requests for determination letters

.02 No-rule areas

.03 Requests for letter rulings

p. 125

p. 125

p. 125

DRAFTING INFORMATION p. 126

INDEX p. 126

APPENDIX A— SAMPLE FORMAT FOR A LETTER RULING REQUEST

APPENDIX B—CHECKLIST FOR A LETTER RULING REQUEST