SECTION 18. PAPERWORK p. 150

REDUCTION ACT

DRAFTING INFORMATION p. 151

INDEX p. 152

APPENDIX A—SAMPLE p. 153 FORMAT FOR A LETTER RULING REQUEST

APPENDIX B—CHECKLIST p. 155 FOR A LETTER RULING REQUEST

SECTION 1. WHAT IS THE This revenue procedure explains how the Internal Revenue Service gives guidance to PURPOSE OF THIS taxpayers on issues under the jurisdiction of the Assistant Commissioner (Employee Plans REVENUE PROCEDURE? and Exempt Organizations). It explains the kinds of guidance and the manner in which guidance is requested by taxpayers and provided by the Service. A sample format of a request for a letter ruling is provided in Appendix A.

SECTION 2. WHAT CHANGES .01 Section 8.10 is added to indicate that the National Office does not issue a letter ruling HAVE BEEN MADE TO on whether or not the renewal, extension or refinancing of an exempt loan satisfies the REV. PROC. 98–4? requirements of § 4975(d)(3) of the Internal Revenue Code.

.02 Section 8.11 is added to reflect the no rule position with respect to a disregarded entity.

.03 A new section 9.04(4) is created to reflect a summary of Exempt Organizations fees.

.04 References to the various compliance programs have been modified to reflect the consolidated compliance procedure, Rev. Proc. 98–22, 1998–12 I.R.B. 11.

.05 On Appendix B, Item number 25 has been revised to change the payee from the Internal Revenue Service to the United States Treasury.