SECTION 28. HOW DOES EMPLOYEE PLANS RULINGS AND AGREEMENTS SCHEDULE CONFERENCES

WITH TAXPAYERS? ..............................................................................................................................................................................................207

.01 Schedules a conference if requested by taxpayer ..............................................................................................................207 .02 Permits taxpayer one conference of right...........................................................................................................................207 .03 Disallows verbatim recording of conferences ....................................................................................................................208 .04 Makes tentative recommendations on substantive issues ..................................................................................................208 .05 May offer additional conferences .......................................................................................................................................208 .06 Requires written confirmation of information presented at conference ............................................................................208 .07 May schedule a pre-submission conference .......................................................................................................................208 .08 Under limited circumstances, may schedule a conference to be held by telephone ........................................................209

SECTION 29. WHAT EFFECT WILL A LETTER RULING HAVE? ............................................................................................................209

.01 Has same effect as a determination letter ..........................................................................................................................209 .02 Will not apply to another taxpayer.....................................................................................................................................209 .03 Will be used by the Service in examining the taxpayer’s return......................................................................................209 .04 May be revoked or modified if found to be in error .........................................................................................................210 .05 Letter ruling revoked or modified based on material change in facts applied retroactively............................................210 .06 Not otherwise generally revoked or modified retroactively ..............................................................................................210 .07 Retroactive effect of revocation or modification applied to a particular transaction .......................................................211 .08 Retroactive effect of revocation or modification applied to a continuing action or series of actions.............................211 .09 May be retroactively revoked or modified if the transaction is completed without reliance on the letter ruling...........211 .10 Taxpayer may request that retroactivity be limited ...........................................................................................................211

January 2, 2018 150 Bulletin No. 2018–1