EMPLOYEE PLANS

Rev. Proc. 98–22, page 11. Administrative programs; closing agreements. This procedure consolidates and expands upon the following current Employee Plans programs: the Administrative Policy Regarding Self-Correction, the Walk-in Closing Agreement Program, the Audit Closing Agreement Program, the Voluntary Compliance Resolution (VCR) Program, and the Standardized VCR Procedure. Rev. Procs. 94–16, 94–62, and 96–29 modified and superseded.

Notice 98–18, page 11. Weighted average interest rate update. Guidelines are set forth for determining for March 1998, the weighted average interest rate and the resulting permissible range of interest rates used to calculate current liability for purposes of the full funding limitation of section 412(c)(7) of the Code as amended by the Omnibus Budget Reconciliation Act of 1987 and by the Uruguay Round Agreements Act (GATT).

Finding Lists begin on page 38.

Department of the Treasury Internal Revenue Service