SECTION 3. SCOPE

.01 This revenue procedure provides special procedures for relief for late § 1.469–9(g) elections.

.02 The procedures in this revenue procedure are in lieu of the letter ruling procedure that is used to obtain relief for a late § 1.469–9(g) election. Accordingly, user fees do not apply to corrective action under this revenue procedure.

.03 A taxpayer that is not eligible for relief under this revenue procedure may request relief by applying for a private letter ruling. The Service will not ordinarily issue a private letter ruling under § 1.469–9(g) if the period of limitations

2011–24 I.R.B. 875 June 13, 2011

needed to complete and file the statement will vary depending on individual circumstances. The estimated burden for taxpayers filing the statement is included in the estimates shown in the Paperwork Reduction Act of the annually published letter ruling revenue procedure.

The estimated total annual reporting burden for the taxable years in which this revenue procedure applies is 1,000 hours.

The estimated annual burden per respondent for the taxable years in which this revenue procedure applies varies from 15 minutes to 45 minutes, depending on individual circumstances, with an estimated average burden of 30 minutes. The estimated annual number of respondents for the taxable years in which this revenue procedure applies is 2000 .

An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid control number.

Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103.