SECTION 27. WHAT IS THE — Internal Revenue Bulletin 2003-1

EFFECTIVE DATE OF THIS REVENUE PROCEDURE?

The TEAM pilot program set forth in Rev. Proc. 2002–30, 2002–24 I.R.B. 1184, is incorporated as modified herein. The TEAM procedures are now permanent and are no longer limited to issues arising under the jurisdiction of the Associate Chief Counsel (Income Tax and Accounting). Additionally, the TAM procedures no longer require that there be an agreed upon set of facts for a TAM to be issued. Instead, a TAM will be issued addressing both the taxpayer’s and the field’s facts.

Rev. Proc. 2002–2, 2002–1 I.R.B. 82, as modified by Rev. Proc. 2002–30, 2002–24 I.R.B. 1184, is superseded.

This revenue procedure is effective January 6, 2003.

DRAFTING INFORMATION The principal author of this revenue procedure is Susan L. Hartford of the Office of the Associate Chief Counsel (Procedure and Administration). For further information regarding this revenue procedure for matters under the jurisdiction of—

(1) the Associate Chief Counsel (Corporate), contact Richard Todd at (202) 622–7700 (not a toll-free call);

(2) the Associate Chief Counsel (Financial Institutions and Products), contact Arturo Estrada at (202) 622–3900 (not a toll-free call);

Sec. 24.03 January 6, 2003 108 2003–1 I.R.B.

(3) the Associate Chief Counsel (Income Tax and Accounting), contact Arlene Blume at (202) 622–4800 (not a toll-free call);

(4) the Associate Chief Counsel (Passthroughs and Special Industries), contact Kathleen Reed at (202) 622–3110 (not a toll-free call);

(5) the Associate Chief Counsel (Procedure and Administration), contact George Bowden or Henry Schneiderman at (202) 622–3400 (not a toll-free call);

(6) the Division Counsel/Associate Chief Counsel (Tax Exempt and Government Entities), contact Calder Robertson at (202) 622–6000 (not a toll-free call);

(7) the Associate Chief Counsel (International), contact Gerard Traficanti at (202) 622– 3619 (not a toll-free call);

(8) the Commissioner (Large and Mid-Size Business Division), contact James Carfine at (202) 283–8552 (not a toll-free call);

(9) the Commissioner (Small Business and Self-Employed Division), contact Ronald E. Hartman at (856) 321–2398 (not a toll-free call);

(10) the Commissioner (Wage and Investment Division), contact Hugh Barrett at (404) 338–9903 (not a toll-free call); or

(11) the Chief, Appeals, contact Thomas R. Roley at (202) 694–1822 (not a toll-free call).

2003–1 I.R.B. 109 January 6, 2003

INDEX References are to sections in Rev. Proc. 2003–2

Additional Information —procedure for submission...................................................................................................................................................21.11, 21.12

Appeal of decision to seek or not seek TAM or TEAM ..................................................................................................................16

Conferences —offered................................................................................................................................................ ..........................14.02, 18.01, 19

after conference of right .............................................................................................................................................................18.09 exceptions........................................................................................................................................ ................................14.08, 21.13 —pre-submission conferences................................................................................................................................................................11 —scheduling.......................................................................................................................................... ..........................................18, 19

request to limit retroactivity ........................................................................................................... ................................18.07, 24.04 telephone conferences ......................................................................................................................................................18.11, 19.02

Definitions —appeals officer ......................................................................................................................................................................................2 —area office .............................................................................................................................................................................................2 —area director, appeals............................................................................................................................................................................2 —director..................................................................................................................................................................................................2 —field.......................................................................................................................................................................................................2 —field counsel..........................................................................................................................................................................................2 —frivolous issue................................................................................................................................................................................10.01 —national office.......................................................................................................................................................................................2 —taxpayer.................................................................................................................................................................................................2 —technical advice ....................................................................................................................................................................................3 —technical expedited advice ...................................................................................................................................................................3 —territory manager ..................................................................................................................................................................................2

Discussions with Taxpayers —contents of TAM or TEAM ..........................................................................................................................................................22.02 —tentative conclusion in TAM or TEAM .......................................................................................................................................21.09

Employee Plans and Exempt Organizations —application of § 6104 ....................................................................................................................................................................14.07 —jurisdiction of Commissioner, Tax Exempt and Government Entities Division...........................................................................5.02

Extension of Time —to appeal decision not to request technical advice.......................................................................................................................16.03 —to disagree with statement of facts in technical advice request ...................................................... ................................14.03, 14.04 —to schedule TAM conference ............................................................................................................ ................................18.03, 18.04 —to schedule TEAM conference .....................................................................................................................................................19.01 —to submit additional information after conference........................................................................... ................................18.10, 19.05 —to submit taxpayer’s initial statement of facts and arguments

after technical advice request forwarded to national office ............................................................ .......................................12.01(2)

January 6, 2003 110 2003–1 I.R.B.

Foreign laws and documents —required.............................................................................................................................................. .......................................12.01(4)

certified English translations .......................................................................................................... .......................................12.01(5) —effect if interpretation is a material fact.......................................................................................................................................14.05

Issues Not Eligible for TAMs or TEAMs ......................................................................................... ............................................5, 10

Penalties of Perjury Statement —form................................................................................................................................................................................13.01, 21.11(2) —required when no factual agreement...........................................................................................................12.01, 13.01, 14.03, 14.04 —required with additionl information.................................................................................................. .....................18.10, 19.05, 21.11 —signature requirements...................................................................................................................................................13.01, 21.11(2)

Power of Attorney ...........................................................................................................................................................................12.05

Pre-submission Conferences ................................................................................................................................................................11

Public Inspection Under § 6110 —deletion statement required ............................................................................................................... ................................12.02, 14.08

exception when § 6104 applies...................................................................................................................................................14.07

failure to submit.............................................................................................................................. ................................14.06, 21.02 signature requirements ................................................................................................................................................................12.02 —notice of intention to disclose........................................................................................................... ................................21.14, 22.03

protesting deletions not made......................................................................................................... ................................21.13, 22.04

Reconsideration ................................................................................................................................................................................22.03

Responsibility for Requesting Advice —TAM......................................................................................................................................................................................................7 —TEAM...................................................................................................................................................................................................8

Retroactive Effect —in general ............................................................................................................................................................................23.02–23.06

on letter ruling.............................................................................................................................................................................23.06 —request to limit retroactivity...............................................................................................................................................................24

format of request............................................................................................................................. ................................24.02, 24.03 scheduling conference..................................................................................................................... ................................18.07, 24.04

Revenue Rulings —effect on a continuing transaction..................................................................................................... ................................23.04, 23.05

request to limit retroactivity .......................................................................................................................................................24.02

§ 301.9100 Relief .....................................................................................................................................................................................6

Status of TAM or TEAM ....................................................................................................................................................................20

Timing of Request for TAM or TEAM ...............................................................................................................................................9

What to Include in the Request for Advice —TAM....................................................................................................................................................................................................12 —TEAM.................................................................................................................................................................................................13

2003–1 I.R.B. 111 January 6, 2003

Where to Send —additional information submitted after conference of right.........................................................................................................18.10 —taxpayer’s initial statement of facts and arguments after advice request forwarded to national

office .................................................................................................................................................. .......................................12.01(2) —TAM and TEAM requests from area directors, appeals.................................................................. .....................................12.03, 13 —TAM and TEAM requests from directors ........................................................................................ .....................................12.03, 13

Withdrawal of TAM and TEAM Requests .......................................................................................................................................17

January 6, 2003 112 2003–1 I.R.B.

will not or ordinarily will not issue letter rulings or determination letters.

With respect to the items listed, revenue rulings or revenue procedures may be published in the Internal Revenue Bulletin from time to time to provide general guidelines regarding the position of the Service.

Additions or deletions to this revenue procedure as well as restatements of items listed will be made by modification of this revenue procedure. Changes will be published as they occur throughout the year and will be incorporated annually in a new revenue procedure published as the third revenue procedure of the year. These lists should not be considered all-inclusive. Decisions not to rule on individual cases (as contrasted with those that present significant pattern issues) are not reported in this revenue procedure and will not be added to subsequent revisions.

.02 Scope of Application. This revenue procedure does not preclude the submission of requests for technical advice to the National Office from other offices of the Service.

.03 No-Rule Issues Part of Larger Transactions.

If it is impossible for the Service to determine the tax consequences of a larger transaction without knowing the resolution of an issue on which the Service will not issue rulings and determinations under this revenue procedure involving a part of the transaction or a related transaction, the taxpayer must state in the request to the best of the taxpayer’s knowledge and belief the tax consequences of the no-rule issue. The Service’s ruling or determination letter will state that the Service did not consider, and no opinion is expressed upon, that issue. In appropriate cases the Service may decline to issue rulings or determinations on such larger transactions due to the relevance of the no-rule issue, despite the taxpayer’s representation.