Rev. Proc. 2004-46, 2004-2 C.B. 142, provides an alternative method for requesting…

make a late allocation of the generation-skipping transfer tax exemption. Rev. Proc. 2004-46 also informs taxpayers who are denied relief or who are outside the scope of the revenue procedure of the information necessary for obtaining a letter ruling.

January 2, 2024 102 Bulletin No. 2024–1

2652(a)(3) Reverse qualified terminable interest property elections

4980B Failure to satisfy continuation coverage requirements of group health plans

7701 Relief for a late classification election for a newly formed entity

7701(a)(40) and 7871(d) Indian tribal governments and subdivision of Indian tribal governments

301.7701-2(a) Classification of undivided fractional interests in rental real estate

301.7701-3 Automatic extensions of time for late S corporation election and late corporate entity classification

301.9100-3 Extension of time to make entity classification election

7702 Closing agreement for failure to account for charges for qualified additional benefits

7702 Closing agreement for failed life insurance contracts

7702A Closing agreement for inadvertent non-egregious failure to comply with modified endowment contract rules

7704(g) Revocation of election