SECTION 19. PAPERWORK REDUCTION ACT

DRAFTING INFORMATION

APPENDIX A

APPENDIX B

1998–12 I.R.B. 13 March 23, 1998

modifications to the TVC program (which may include consolidation with EPCRS).

.05 Further changes and request for comments. The Service believes it is important to update EPCRS periodically to reflect changing circumstances and make other improvements. Accordingly, it is anticipated that EPCRS will continue to be monitored and improved in light of experience and comments from those who use it, and that this consolidated revenue procedure will be revised periodically for that purpose. The Service specifically solicits comments or suggestions relating to this revenue procedure and the administration of EPCRS. In particular, the Service requests (1) comments regarding the extent to which a fixed (as opposed to an indefinite) self-correction period encourages prompt, voluntary correction, (2) suggestions for items that should be included in forthcoming guidance on permissible correction methods, and (3) comments on possible improvements to the TVC program.

It is requested that comments or suggestions be submitted by June 21, 1998, addressed to CC:DOM:CORP:R (Rev. Proc. 98–22), Room 5228, Internal Revenue Service, POB 7604, Ben Franklin Station, Washington, DC 20044. In the alternative, comments may be hand-delivered between the hours of 8 a.m. and 5 p.m. to CC:DOM:CORP:R (Rev. Proc. 98–22), Courier’s Desk, Internal Revenue Service, 1111 Constitution Avenue, NW, Washington, DC. Alternatively, taxpayers may transmit comments electronically via the Service’s Internet site at http://www.irs. ustreas.gov/prod/tax_regs/comments.html