SECTION 27. HOW DOES EMPLOYEE PLANS RULINGS AND AGREEMENTS HANDLE LETTER

RULING REQUESTS? .............................................................................................................................................................................................205

.01 In general .............................................................................................................................................................................205 .02 Is not bound by informal opinion expressed......................................................................................................................205 .03 Will return any letter ruling request mistakenly sent to wrong address ...........................................................................205 .04 Tells taxpayer if request lacks essential information during initial contact......................................................................205 .05 Information must be submitted within 30 calendar days...................................................................................................205 .06 Requires prompt submission of additional information requested after initial contact....................................................205 .07 Encourages use of fax .........................................................................................................................................................206 .08 Address to send additional information..............................................................................................................................206 .09 Number of copies of additional information to be submitted ...........................................................................................206 .10 30-day or 21-day period may be extended if justified and approved ...............................................................................206 .11 Case closed if taxpayer does not submit additional information ......................................................................................206 .12 Near the completion of the ruling process, advises taxpayer of conclusions and, if Employee Plans Rulings and

Agreements will rule adversely, offers the taxpayer the opportunity to withdraw the letter ruling request...................206 .13 May request draft of proposed letter ruling near the completion of the ruling process...................................................206