Internal Revenue Bulletin:  2004-1 

January 5, 2004 

APPENDIX E—CHECKLISTS, GUIDELINE REVENUE PROCEDURES, NOTICES, SAFE HARBOR REVENUE PROCEDURES, AND AUTOMATIC CHANGE REVENUE PROCEDURES

Specific revenue procedures and notices supplement the general instructions for requests explained in section 7 of this revenue procedure and apply to requests for letter rulings or determination letters regarding the Code sections and matters listed in this section.

.01 Checklists, guideline revenue procedures, and notices

.01 For requests relating to the following Code sections and subject matters, see the following checklists, guideline revenue procedures, and notices

CODE OR REGULATION SECTION   REVENUE PROCEDURE AND NOTICE
103, 141-150, 7478, and 7871 Issuance of state or local obligations   Rev. Proc. 96-16, 1996-1 C.B. 630 (for a reviewable ruling under § 7478 and a nonreviewable ruling); Rev. Proc. 88-31, 1988-1 C.B. 832 (for approval of areas of chronic economic distress); and Rev. Proc. 82-26, 1982-1 C.B. 476 (for “on behalf of” and similar issuers). For approval of areas of chronic economic distress, Rev. Proc. 88-31 explains how this request for approval must be submitted to the Assistant Secretary for Housing/Federal Housing Commissioner of the Department of Housing and Urban Development.
1.166-2(d)(3) Uniform express determination letter for making election   Rev. Proc. 92-84, 1992-2 C.B. 489.
Subchapter C—Corporate Distributions and Adjustments   Rev. Proc. 77-37, 1977-2 C.B. 568, as modified by Rev. Proc. 89-30, 1989-1 C.B. 895, and as amplified by Rev. Proc. 77-41, 1977-2 C.B. 574, Rev. Proc. 83-81, 1983-2 C.B. 598 (see also Rev. Proc. 2004-3), Rev. Proc. 84-42, 1984-1 C.B. 521 (superseded as to no-rule areas by Rev. Proc. 85-22, 1985-1 C.B. 550), Rev. Proc. 86-42, 1986-2 C.B. 722, and Rev. Proc. 89-50, 1989-2 C.B. 631. But see section 3.01 of Rev. Proc. 2004-3 (corporate distributions, transfers, and reorganizations under §§ 332, 351, 368(a)(1)(A), 368(a)(1)(B), 368(a)(1)(C), 368(a)(1)(E), 368(a)(1)(F), and 1036), which describes certain corporate transactions where the Service will not issue letter rulings or determination letters.
301 Nonapplicability on sales of stock of employer to defined contribution plan   Rev. Proc. 87-22, 1987-1 C.B. 718.
302, 311Checklist questionnaire   Rev. Proc. 86-18, 1986-1 C.B. 551; and Rev. Proc. 77-41, 1977-2 C.B. 574.
302(b)(4) Checklist questionnaire   Rev. Proc. 81-42, 1981-2 C.B. 611.
311 Checklist questionnaire   Rev. Proc. 86-16, 1986-1 C.B. 546.
332 Checklist questionnaire   Rev. Proc. 90-52, 1990-2 C.B. 626. But see section 3.01 of Rev. Proc. 2004-3, which describes certain corporate transactions where the Service will not issue letter rulings or determination letters.
338 Extension of time to make elections   Rev. Proc. 2003-33, 2003-1 C.B. 803, provides guidance as to how an automatic extension of time under § 301.9100-3 of the Procedure and Administration Regulations may be obtained to file elections under § 338. This revenue procedure also informs taxpayers who do not qualify for the automatic extension, of the information necessary to obtain a letter ruling.
351 Checklist questionnaire   Rev. Proc. 83-59, 1983-2 C.B. 575. But see section 3.01 of Rev. Proc. 2004-3, which describes certain transfers to controlled corporations where the Service will not issue letter rulings or determination letters.
355 Checklist questionnaire   Rev. Proc. 96-30, 1996-1 C.B. 696, as modified and amplified by Rev. Proc. 2003-48, 2003-29 I.R.B. 86.
368(a)(1)(E) Checklist questionnaire   Rev. Proc. 81-60, 1981-2 C.B. 680. But see section 3.01 of Rev. Proc. 2004-3, which describes circumstances under which the Service will not issue letter rulings or determination letters as to whether a transaction constitutes a corporate recapitalization within the meaning of § 368(a)(1)(E) (or a transaction that also qualifies under § 1036).
461(h) Alternative method for the inclusion of common improvement costs in basis   Rev. Proc. 92-29, 1992-1 C.B. 748.
482 Advance pricing agreements   Rev. Proc. 96-53, 1996-2 C.B. 375, as modified by Notice 98-65, 1998-2 C.B. 803 and amplified by Rev. Proc. 2002-52, 2002-2 C.B. 242.
521 Appeal procedure with regard to adverse determination letters and revocation or modification of exemption letter rulings and determination letters   Rev. Proc. 90-27, 1990-1 C.B. 514.
1.817-5(a)(2) Issuer of a variable contract requesting relief   Rev. Proc. 92-25, 1992-1 C.B. 741.
877, 2107, and 2501(a)(3) Individuals who lose U.S. citizenship or cease to be taxed as long-term U.S. residents with a principal purpose to avoid U.S. taxes   Notice 97-19, 1997-1 C.B. 394, as modified by Notice 98-34, 1998-2 C.B. 29.
1362(b)(5) and 1362(f) Relief for late S corporation and related elections under certain circumstances   Rev. Proc. 2003-43, 2003-1 C.B. 998; Rev. Proc. 97-48, 1997-2 C.B. 521.
1.1502-13(e)(3) Consent to treat intercompany transactions on a separate entity basis and revocation of this consent   Rev. Proc. 97-49, 1997-2 C.B. 523.
1.1502-76(a)(1) Consent to file a consolidated return where member(s) of the affiliated group use a 52-53 week taxable year   Rev. Proc. 89-56, 1989-2 C.B. 643.
1504(a)(3)(A) and (B) Waiver of application of § 1504(a)(3)(A) for certain corporations   Rev. Proc. 2002-32, 2002-1 C.B. 959.
1552 Consent to elect or change method of allocating affiliated group’s consolidated federal income tax liability   Rev. Proc. 90-39, 1990-2 C.B. 365, as clarified by Rev. Proc. 90-39A, 1990-2 C.B. 367.
4980B   Rev. Proc. 87-28, 1987-1 C.B. 770 (treating references to former § 162(k) as if they were references to § 4980B).
7701 Relief for a late initial classification election for a newly formed entity   Rev. Proc. 2002-59, 2002-2 C.B. 615.
7701(a)(40) and 7871(d) Indian tribal governments and subdivision of Indian tribal governments   Rev. Proc. 84-37, 1984-1 C.B. 513, as modified by Rev. Proc. 86-17, 1986-1 C.B. 550, and Rev. Proc. 2004-1 (this revenue procedure) (provides guidelines for obtaining letter rulings recognizing Indian tribal government or tribal government subdivision status; also provides for inclusion in list of recognized tribal governments in revised versions of Rev. Proc. 2002-64, 2002-2 C.B. 717, or in list of recognized subdivisions of Indian tribal governments in revised versions of Rev. Proc. 84-36, 1984-1 C.B. 510, as modified and made permanent by Rev. Proc. 86-17).
301.7701-2(a) Classification of undivided fractional interests in rental real estate   Rev. Proc. 2002-22, 2002-1 C.B. 733 (specifies the conditions under which the Service will consider a letter ruling request that an undivided fractional interest in rental real property (other than a mineral property as defined in § 614) is not an interest in a business entity).
7702 Closing agreement for failed life insurance contracts   Notice 99-48, 1999-2 C.B. 429; Rev. Rul. 91-17, 1991-1 C.B. 190.
7702A Relief for inadvertent non-egregious failure to comply with modified endowment contract rules   Rev. Proc. 2001-42, 2001-2 C.B. 212.
7704(g) Revocation of election   Notice 98-3, 1998-1 C.B. 333.
     
SUBJECT MATTERS   REVENUE PROCEDURE
Accounting periods; changes in period   Rev. Proc. 2002-39, 2002-1 C.B. 1046, as clarified and modified by Notice 2002-72, 2002-2 C.B. 843, and as modified by Rev. Proc. 2003-34, 2003-1 C.B. 856; and Rev. Proc. 2004-1 (this revenue procedure) for which sections 1, 2.01, 2.02, 2.05, 3.03, 5.02, 6.03, 6.05, 6.07, 6.11, 7.01(1), 7.01(2), 7.01(3), 7.01(4), 7.01(5), 7.01(6), 7.01(8), 7.01(9), 7.01(10), 7.01(13), 7.01(14), 7.01(15), 7.02(2), 7.02(4), 7.02(5), 7.02(6), 7.03, 7.04, 7.05, 7.07, 8.01, 8.03, 8.04, 8.05, 8.06, 10, 11, 15, 17, 18, Appendix A, and Appendix E are applicable.
Classification of liquidating trusts   Rev. Proc. 82-58, 1982-2 C.B. 847, as modified and amplified by Rev. Proc. 94-45, 1994-2 C.B. 684, and as amplified by Rev. Proc. 91-15, 1991-1 C.B. 484 (checklist questionnaire), as modified and amplified by Rev. Proc. 94-45.
Earnings and profits determinations   Rev. Proc. 75-17, 1975-1 C.B. 677; Rev. Proc. 2004-1 (this revenue procedure), sections 2.05, 3.03, 7, 8, and 10.05; and Rev. Proc. 2004-3 (this Bulletin), section 3.01(28).
Estate, gift, and generation-skipping transfer tax issues   Rev. Proc. 91-14, 1991-1 C.B. 482 (checklist questionnaire).
Deferred intercompany transactions; election not to defer gain or loss   Rev. Proc. 97-49, 1997-2 C.B. 523.
Leveraged leasing   Rev. Proc. 2001-28, 2001-1 CB. 1156, and Rev. Proc. 2001-29, 2001-1 C.B. 1160.
Rate orders; regulatory agency; normalization   A letter ruling request that involves a question of whether a rate order that is proposed or issued by a regulatory agency will meet the normalization requirements of § 168(f)(2) (pre-Tax Reform Act of 1986, § 168(e)(3)) and former §§  46(f) and 167(l) ordinarily will not be considered unless the taxpayer states in the letter ruling request whether--
  (1) the regulatory authority responsible for establishing or approving the taxpayer’s rates has reviewed the request and believes that the request is adequate and complete; and
  (2) the taxpayer will permit the regulatory authority to participate in any Associate office conference concerning the request.
  If the taxpayer or the regulatory authority informs a consumer advocate of the request for a letter ruling and the advocate wishes to communicate with the Service regarding the request, any such communication should be sent to: Internal Revenue Service, Associate Chief Counsel (Procedure & Administration), Attention CC:PA:LPD:DRU, P. O. Box 7604, Ben Franklin Station, Washington, D.C. 20044 (or, if a private delivery service is used: Internal Revenue Service, Associate Chief Counsel (Procedure & Administration), Attention CC:PA:LPD:DRU, Room 5336, 1111 Constitution Avenue, N.W., Washington, D.C. 20224). These communications will be treated as third party contacts for purposes of § 6110.
Unfunded deferred compensation   Rev. Proc. 71-19, 1971-1 C.B. 698, as amplified by Rev. Proc. 92-65, 1992-2 C.B. 428. See Rev. Proc. 92-64, 1992-2 C.B. 422, as modified by Notice 2000-56, 2000-2 C.B. 393, for the model trust for use in Rabbi Trust Arrangements.

.02 Safe harbor revenue procedures

.02 For requests relating to the following Code sections and subject matters, see the following safe harbor revenue procedures.

CODE OR REGULATION SECTION   REVENUE PROCEDURE
103 and 141-150 Issuance of state or local obligations   Rev. Proc. 93-17, 1993-1 C.B. 507 (change of use of proceeds); Rev. Proc. 97-13, 1997-1 C.B. 632, as modified by Rev. Proc. 2001-39, 2001-2 C.B. 38 (management contracts); and Rev. Proc. 97-14, 1997-1 C.B. 634 (research agreements).
168 Depreciation of original and replacement tires for certain vehicles   Rev. Proc. 2002-27, 2002-1 C.B. 802.
168 Depreciation of fiber optic node and trunk line of a cable television distribution system   Rev. Proc. 2003-63, 2003-32 I.R.B. 304
280B Certain structural modifications to a building not treated as a demolition   Rev. Proc. 95-27, 1995-1 C.B. 704.
584(a) Qualification of a proposed common trust fund plan   Rev. Proc. 92-51, 1992-1 C.B. 988.
642(c)(5) Qualification of trusts as pooled income funds   Rev. Proc. 88-53, 1988-2 C.B. 712.
664(d)(1) Qualification of trusts as charitable remainder annuity trusts   Rev. Proc. 2003-53, 2003-31 I.R.B. 230; Rev. Proc. 2003-54, 2003-31 I.R.B. 236; Rev. Proc. 2003-55, 2003-31 I.R.B. 242; Rev. Proc. 2003-56, 2003-31 I.R.B. 249; Rev. Proc. 2003-57, 2003-31 I.R.B. 257; Rev. Proc. 2003-58, 2003-31 I.R.B. 262; Rev. Proc. 2003-59, 2003-31 I.R.B. 268; Rev. Proc. 2003-60, 2003-31 I.R.B. 274.
664(d)(2)Qualification of trusts as charitable remainder unitrusts   Rev. Proc. 89-20, 1989-1 C.B. 841, as amplified by Rev. Proc. 90-30, 1990-1 C.B. 534.
664(d)(2) and (3)Qualification of trusts as charitable remainder unitrusts   Rev. Proc. 90-31, 1990-1 C.B. 539.
1031(a) Qualification as a qualified exchange accommodation arrangement   Rev. Proc. 2000-37, 2000-2 C.B. 308.
1286 Determination of reasonable compensation under mortgage servicing contracts   Rev. Proc. 91-50, 1991-2 C.B. 778.
1362(f) Automatic inadvertent termination relief to certain corporations   Rev. Proc. 2003-43, 2003-1 C.B. 998.
Rev. Proc. 2001-12, 2001-1 C.B. 335.20.2056A-2(d)(1)(i) and (d)(1)(ii) Qualified Domestic Trust   Rev. Proc. 96-54, 1996-2 C.B. 386.
2702(a)(3)(A) and 25.2702-5(c) Qualified Personal Residence Trust   Rev. Proc. 2003-42, 2003-1 C.B. 993
1.7704-2(d) New business activity of existing partnership is closely related to pre-existing business   Rev. Proc. 92-101, 1992-2 C.B. 579.
     
SUBJECT MATTERS   REVENUE PROCEDURE
Certain rent-to-own contracts treated as leases   Rev. Proc. 95-38, 1995-2 C.B. 397.

.03 Automatic change in accounting period revenue procedures

For requests to change an accounting period, see the following automatic change revenue procedures published and/or in effect as of December 31, 2003. A taxpayer complying timely with an automatic change revenue procedure will be deemed to have obtained the consent of the Commissioner to change the taxpayer’s accounting period.

The automatic change revenue procedures for obtaining a change in annual accounting period include: Rev. Proc. 2002-37, 2002-1 C.B. 1030, as clarified and modified by Notice 2002-72, 2002-2 C.B. 843, and as modified by Rev. Proc. 2003-34, 2003-1 C.B. 856 (certain corporations); Rev. Proc. 2002-38, 2002-2 C.B. 1037, as clarified and modified by Notice 2002-72, 2002-2 C.B. 843 (certain partnerships, S corporations, electing S corporations, or personal service corporations); and Rev. Proc. 2003-62, 2003-32 I.R.B. 299 (individual seeking a calendar year).


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