SECTION 4. APPLICATION

.01 The tables below list provisions of the internal revenue laws requiring the timely performance of specified acts that may be postponed under sections 7508 and 7508A. In addition, section 17 of this revenue procedure expands the categories of taxpayers qualifying for relief and provides additional postponements of deadlines solely with respect to section 1031 like-kind exchange transactions that are affected by a Presidentially declared disaster. Taxpayers may use the postponement rules provided in section 17 in lieu of the general extension dates provided by an IRS News Release or other guidance issued with respect to a specific Presidentially declared disaster. Taxpayers who are covered by the rules of section 17, but who are not otherwise treated as “affected taxpayers” by the IRS News Release or other guidance or section 301.7508A–1(d)(1) are not eligible for relief under section 7508A, except for the relief for section 1031 like-kind exchanges. .02 In order to avoid unnecessary duplication, the following tables do not include acts specified in sections 7508 or 7508A or the regulations thereunder. Thus, for example, no mention is made in the following tables of the filing of tax returns or the payment of taxes (or an installment thereof) because these acts are already covered by sections 7508 and 7508A and the regulations thereunder. Also, the following tables do not refer to the making of accounting method elections or any other elections required to be made on tax returns or attachments thereto. Reference to these elections is not necessary because

time to perform specified acts for taxpayers affected by a Presidentially declared disaster or a terroristic or military action. The list of acts in this revenue procedure supplements the list of postponed acts in section 7508(a)(1) of the Code and section 301.7508A–1(b) of the Regulations on Procedure and Administration.

.02 This revenue procedure does not, by itself, provide any postponements under section 7508A. In order for taxpayers to be entitled to a postponement of any act listed in this revenue procedure, the IRS generally will publish a Notice or issue other guidance (including an IRS News Release) providing relief with respect to a Presidentially declared disaster, or a terroristic or military action.

.03 For purposes of section 7508, this revenue procedure sets forth such other acts as contemplated by section 7508(a)(1)(K). Unlike section 7508A, when a taxpayer qualifies under section 7508, all the acts listed in section 7508(a)(1) are postponed. Therefore, when a taxpayer qualifies under section 7508, the acts listed in this revenue procedure are also postponed for that taxpayer, whether or not the IRS publishes a Notice or issues other guidance.

.04 This revenue procedure will be updated as needed when the IRS determines that additional acts should be included in the list of postponed acts or that certain acts should be removed from the list. Also, taxpayers may recommend that additional acts be considered for postponement under sections 7508 and 7508A. See section 19 of this revenue procedure.

.05 Significant Changes (1) This Revenue Procedure clarifies that the acts listed below are automatically postponed for taxpayers afforded relief pursuant to section 7508.

(2) New section 17 expands the categories of taxpayers qualifying for relief, and provides additional postponements of deadlines solely with respect to section 1031 like-kind exchange transactions that are affected by a Presidentially declared disaster.