SECTION 5. PROCEDURE FOR

APPLICABLE ENTITIES THAT HAVE RECEIVED A NOTICE THAT THEIR ELECTIVE PAYMENT ELECTION IS INEFFECTIVE

.01 Scope . When an applicable entity files an ineffective elective payment election because the election is late, the IRS generally will issue a letter (for example, a CP131, CP131A, CP132 or CP133) to that applicable entity. If an applicable entity described in section 3.01 of this revenue procedure makes an elective payment election on a Form 990-T filed from a date after the original due date through the extended due date, and receives a letter that the elective payment election is ineffective because the return was late filed, then the applicable entity should follow the procedures in section 5.02 to ensure their elective payment election is properly processed.

.02 Procedure for responding to a let- ter stating the elective payment election is ineffective . An applicable entity that

is described in section 5.01 (meaning an applicable entity that has filed Form 990-T for an elective payment election within the extended filing period but received a notice indicating the elective payment election is ineffective due to a late filed return) can obtain assistance by calling IRS Tax Exempt and Government Entities Customer Account Services at 877-8295500 (toll-free number) and referencing that the applicable entity is entitled to an automatic extension of time to file under Rev. Proc. 2024-39.