SECTION 4. PROCEDURE FOR

MAKING ADVANCE ELECTION FOR 2027

.01 Submission of Advance Election . If a State chooses to make an Advance Election for calendar year 2027, the State must submit Form 15714, Advance Election to Participate Under Section 25F for 2027, in accordance with this section 4 and the Form 15714 instructions, on or after January 1, 2026, and before the final date on which the State is permitted to submit the State SGO list (as will be specified in future guidance). Form 15714, including instructions for its submission, are available at www.irs.gov/pub/irs-pdf/f15714. pdf. No alternative method of making an Advance Election, and no alteration of Form 15714, will be accepted for calendar year 2027. The IRS will acknowledge or otherwise confirm receipt of a State’s Advance Election submitted in accordance with this section 4.

.02 No Inclusion of Other Attachments or SGO List . Any State SGO list (or other information or attachments) submitted with Form 15714 will not be processed by the IRS and will need to be resubmitted in accordance with the procedures for submitting State SGO lists as specified in future guidance.

.03 No Subsequent Advance Election Submissions . Once a State’s Advance Election for calendar year 2027 has been made, the only subsequent submission that will be processed by the Treasury Department and the IRS is the submission of the State SGO list (including all required certifications).