SECTION 4. OPINION LETTERS FOR

NONMODEL SIMPLE IRAS

.01 Prototype program. A prototype sponsor may apply to the Service for an opinion letter on a SIMPLE IRA submitted pursuant to this section 4. The same procedures and user fees apply to a submission for an opinion letter for a SIMPLE IRA as those that apply for a nonSIMPLE IRA, with the exception described in section 4.02. (See Rev. Procs. 87–50 and 97–8.)

.02 No opinion letters. The Service will not issue an opinion letter to a prototype sponsor on a SIMPLE IRA that, by its terms, can be used either as a SIMPLE IRA or a nonSIMPLE IRA.

.03 Sample language. Sample language (also known as Listing of Required Modifications, or LRMs) that the Service finds acceptable for SIMPLE IRAs and nonSIMPLE IRAs may be obtained by writing to the Service at: Internal Revenue Service, 1111 Constitution Avenue NW, Attention CP:E:EP, Room 6550, Washington, DC 20224. ‘‘LRM Request’’ should be clearly printed on the envelope. Alternatively, a request for LRMs may be faxed to Nancy Arrington at (202) 622–6199.

.03 Disclosure statements. A proto