SECTION 3. PROCEDURES

1. An issuer of a state or local bond who fails to timely submit the statement (Form 8038, 8038–G, or 8038–GC) required by section 149(e)(2) should take the following action as promptly as is reasonably practical after discovery of the failure.

(1) Mail the statement to the Internal Revenue Service, Ogden Submission Processing Center, Ogden, UT 84201. The words, “ Request for Relief under Section 3 of Rev. Proc. 2002–48 ” should be typed or printed across the top of the statement. (2) Attach to the statement a letter briefly setting forth the reasons why the statement was not timely submitted to the Service. The letter must be signed by an individual who has knowledge of the relevant facts and circumstances. The letter should include all relevant information, including when the applicable statement (Form 8038, 8038–G, or 8038–GC) was required to be filed, and a description of the events that led up to both the failure to timely file and discovery of the failure to timely file. The letter should also indicate whether the bond issue in question is under examination by the Service. An issue generally is under examination on the date a letter opening an examination of the issue is sent. 02. A request for an extension filed in accordance with section 3.01 shall be

September 16, 2002 531 2002–37 I.R.B.