SECTION 2. FORM 8872 SCHEDULE

A SAFE HARBOR

.01 This revenue procedure provides a “safe harbor” for establishing that failure to report certain contributor information on Form 8872 was due to reasonable cause and not due to willful neglect, and therefore qualifies for relief under § 527(l)(2) of the Code. The safe harbor will apply only to those contributions for which a political organization establishes that it meets the requirements of the safe harbor. For example, if a political organization fails to report required information with respect to contribution X and contribution Y on a Form 8872, and the political organization meets the safe harbor criteria for contribution X, but not contribution Y, the organization qualifies for relief pursuant to the safe harbor with respect to contribution X, but not contribution Y. In addition, the safe harbor will not apply in situations where the organization fails to report the name of the contributor on Form 8872 by the time prescribed. For each contribution for which the requirements of the safe harbor are satisfied, the Service will waive the full amount imposed under section 527(j) with respect to the contribution.

.02 A failure to report the address of a contributor and, if the contributor is an individual, the occupation and employer of

2007–14 I.R.B. 887 April 2, 2007

Form 8872 in the time and manner prescribed was due to reasonable cause and not due to willful neglect?

(4) Are there factors that indicate relief under § 527(l) should not be granted?

.02 Public comments should be submitted in writing on or before July 2, 2007.

Comments should be sent to the following address:

Internal Revenue Service SE:T:EO:RA:G (Rev. Proc. 2007–27) P.O. Box 7604 Ben Franklin Station Washington, DC 20044

Comments may be hand delivered to:

SE:T:EO:RA:G (Rev. Proc. 2007–27) Courier’s Desk Internal Revenue Service 1111 Constitution Ave., NW Washington, DC 20224

Comments may also be sent electronically via the Internet to notice.comments@irscounsel.treas.gov . Please include “Rev. Proc. 2007–27” in the subject line.

All comments will be available for public inspection.