SECTION 13. WHAT EFFECT p. 145 .01 May be relied on subject to limitations

WILLA LETTER RULING HAVE? .02 Will not apply to another taxpayer

.03 Will be used by TE/GE 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 trans action

.07 Retroactive effect of revocation or modification applied to a continuing ac

January 3, 2000 118 2000–1 I.R.B.

tion 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)