PART II

2. Does the Plan limit transfers to “Excess Assets” as defined in § 420(e)(2) of the Code? Yes No _______

3. Does the Plan provide that only one transfer may be made in a taxable year (except with regard to transfers relating to prior years pursuant to § 420(b)(4) of the Code)? Yes No _______

4. Does the Plan provide that the amount transferred shall not exceed the amount reasonably Yes No _______ estimated to be paid for qualified current retiree health liabilities?

5. Does the Plan provide that no transfer will be made after December 31, 2005? Yes No _______

6. Does the Plan provide that transferred assets and income attributable to such assets shall be Yes No _______ used only to pay qualified current retiree health liabilities for the taxable year of transfer?

7. Does the Plan provide that any amounts transferred (plus income) that are not used to pay Yes No _______ qualified current retiree health liabilities shall be transferred back to the defined benefit portion of the Plan?

January 2, 2001 234 2001–1 I.R.B.

8. Does the Plan provide that amounts paid out of a health benefits account will be treated Yes No _______ as paid first out of transferred assets and income attributable to those assets?

9. Does the Plan provide that participants’ accrued benefits become nonforfeitable on a Yes No _______ termination basis (i) immediately prior to transfer, or (ii) in the case of a participant who separated within 1 year before the transfer, immediately before such separation?

10. In the case of transfers described in § 420(b)(4) of the Code relating to 1990, does the Yes No _______ Plan provide that benefits will be recomputed and become nonforfeitable for participants who separated from service in such prior year as described in § 420(c)(2)?

11. Does the Plan provide that transfers will be permitted only if each group health plan Yes No _______ or arrangement contains provisions satisfying § 420(c)(3) of the Code, as amended by TREA ‘99?

12. Does the Plan define “applicable employer cost”, “cost maintenance period” and Yes No _______ “benefit maintenance period”, as needed, consistently with § 420(c)(3) of the Code, as amended by TREA ‘99?

13. Do the Plan’s provisions reflect the transition rule in § 535(c)(2) of TREA ‘99, Yes No _______ if applicable?

14. Does the Plan provide that transferred assets cannot be used for key employees? Yes No _______

2001–1 I.R.B. 235 January 2, 2001

instrument having original issue discount within the meaning of § 1273 of the Internal Revenue Code is not an original issue discount obligation within the meaning of § 871(g)(1)(B)(i) when the instrument is payable 183 days or less from the date of original issue (without regard to the period held by the taxpayer).

(2) Section 894. - Income Affected by Treaty.- Whether a person that is a resident of a foreign country and derives income from the United States is entitled to benefits under the United States income tax treaty with that foreign country pursuant to the limitation on benefits article. However, the Service may rule regarding the legal interpretation of a particular provision within the relevant limitation on benefits article.

(3) Section 954.—Foreign Base Company Income.—The effective rate of tax that a foreign country will impose on income.

(4) Section 1503(d).-Dual Consolidated Loss.-Whether the conditions under the regulations for excepting a net operating loss of a dual resident corporation from the definition of a dual consolidated loss, or for rebutting the presumption that an event constitutes a triggering event for purposes of § 1.1503–2(g)(2)(iii)(B), are satisfied.

.02 General Areas. (1) The prospective application of the estate tax to the property or the estate of a living person, except that rulings may be issued on any international issues in a ruling request accepted pursuant to Rev. Proc. 88–50, 1988–2 C.B. 711, and section 5.05 of Rev. Proc. 2001–1.

(2) Whether reasonable cause exists under Subtitle F (Procedure and Administration) of the Code.

(3) Whether a proposed transaction would subject a taxpayer to criminal penalties.

(4) Any area where the ruling request does not comply with the requirements of Rev. Proc. 2001–1.

(5) Any area where the same issue is the subject of the taxpayer’s pending request for competent authority assistance under a United States tax treaty.

(6) A “comfort” ruling will not be issued with respect to an issue that is clearly and adequately addressed by statute, regulations, decisions of a court, tax treaties, revenue rulings, or revenue

26 CFR 601.201: Rulings and determination letters.

Rev. Proc. 2001–7

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