SECTION 10. PAPERWORK

REDUCTION ACT

The collection of information contained in this revenue procedure has been

December 1, 2008 1214 2008–48 I.R.B.

APPENDIX A: MODEL NOTICE

MODEL NOTICE OF APPLICATION FOR AN EXTENSION OF AN AMORTIZATION PERIOD

TO EMPLOYEE ORGANIZATIONS (UNIONS), PARTICIPANTS, BENEFICIARIES, AND ALTERNATE PAYEES

This notice is to inform you that an application for an extension of an amortization period for unfunded liability under § 431(d) of the Internal Revenue Code (Code) and § 304(d) of the Employee Retirement Income Security Act of 1974 (ERISA) has been submitted by [INSERT APPLICANT’S NAME] to the Internal Revenue Service (Service) for the [INSERT PLAN NAME] for the plan year beginning [INSERT DATE].

Under § 431(d)(3)(B) of the Code and § 304(d)(3)(B) of ERISA, the Service will consider any relevant information submitted concerning this application for an extension of the amortization period for unfunded liability. You may send this information to the following address:

Director, Employee Plans Internal Revenue Service Attn: SE:T:EP:RA:T:A2 1111 Constitution Avenue, N.W. Washington, D.C. 20224

Any such information should be submitted as soon as possible after you have received this notice. Due to the disclosure restrictions of § 6103 of the Code, the Service can not provide any information with respect to the extension request itself.

In accordance with § 104 of ERISA, annual financial reports for this plan, which include employer contributions made to the plan for any plan year, are available for inspection at the Department of Labor in Washington, D.C. Copies of such reports may be obtained upon request and upon payment of copying costs from the following address:

Public Disclosure Room Room N–1513 Employee Benefits Security Administration U.S. Department of Labor 200 Constitution Avenue, NW Washington, D.C. 20210

In addition, pension plan actuarial information filed for 2008 and later plan years filed with the Department of Labor may be obtained at http://dol.gov/ebsa/actuarialsearch.html .

As required by § 104(b)(2) of ERISA, copies of the latest annual plan report are available for inspection at the principal office of the plan administrator, who is located at [INSERT ADDRESS]. As required under § 101(k)(1) of ERISA, copies of periodic actuarial reports, quarterly, semi-annual, or annual financial reports, and copies of any application for extension under § 304 of ERISA or § 431(d) of the Code may be obtained upon request and upon payment of a copying charge of [INSERT CHARGES] by writing to the plan administrator at the above address.

The following information is provided pursuant to § 304(d)(3) of ERISA and 431(d)(3) of the Code:

Present Value of Vested Benefits $

Present Value of Benefits, calculated as though the plan terminated $

Fair Market Value of Plan Assets $

The above present values were calculated using an interest rate or rates of [INSERT INTEREST RATE(S)].

[SIGNATURE OF APPROPRIATE OFFICER OF THE PLAN SPONSOR]

[INSERT NAME]

[INSERT TITLE]

2008–48 I.R.B. 1215 December 1, 2008

APPENDIX B. REQUEST FOR ALTERNATIVE EXTENSION OF AN AMORTIZATION PERIOD CHECKLIST

IS YOUR SUBMISSION COMPLETE?

Instructions

The Service will be able to respond more quickly to your request for an alternative extension of an amortization period if it is carefully prepared and complete. To ensure your request is in order, use this checklist. Answer each question in the checklist by inserting Y for yes, N for no, or N/A for not applicable, as appropriate, in the blank next to the item. Sign and date the checklist (as applicant or authorized representative) and place it on top of your request.

You must submit a completed copy of this checklist with your request. If a completed checklist is not submitted with your request, substantive consideration of your submission will be deferred until a completed checklist is received.

1. If you want to designate an authorized representative, have you included a properly executed Form 2848 ( Power of Attorney and Declaration of Representative )?

2. Have you satisfied all the requirements of Rev. Proc. 2008–4 or its successors (especially concerning signatures and penalties of perjury statement)? (See § 3.03(1))

3. Have you included a statement of proposed deletions? (See § 3.03(2))

4. Have you included the user fee required under Rev. Proc. 2008–8 or its successors? (See § 3.02)

5. Have you included a copy of the written notification that an application for an extension of an amortization period has been submitted and a statement that such notice was hand delivered or mailed to each employee organization, participant, beneficiary and alternate payee? (See § 5.02 and Appendix A)

6. Have you included the general facts concerning the employer? (See § 5.01(1))

7. Have you included a description of the industry’s financial condition? (See § 5.01(2))

8. Have you included information concerning the extension of the amortization period? (See § 5.01(3))

9. Have you included information concerning the pension plan? (See § 5.01(4))

10. Have you included information concerning other matters pertaining to the plan? (See § 5.01(5))

Signature Date

Typed or printed name of person signing checklist

Title or Authority

December 1, 2008 1216 2008–48 I.R.B.

§ 857(b)(6)(C)(iii) or of § 857(b)(6)(D)(iv) means that either—

justed Bases Test (for the entire taxable year); or

determined for purposes of computing earnings and profits) of property (other than sales of foreclosure property or sales to which § 1033 applies) sold during the portion of the taxable year ending on July 30, 2008, did not exceed 10 percent of the aggregate bases (as so determined) of all of the assets of the REIT as of the beginning of the taxable year (that is, the REIT satisfies the 10-Percent Adjusted Bases Test as if the portion of the taxable year ending on July 30, 2008, were an entire taxable year); and

Fair Market Value Test (for the entire taxable year).