Internal Revenue Bulletin:  2012-1 

January 3, 2012 

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.

Checklists, guideline revenue procedures, and notices

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

CODE OR REGULATION SECTION   REVENUE PROCEDURE AND NOTICE
103, 141 - 150, 1394, 1400L(d), 1400N(a), 1400U-1, 1400U-3, 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, Adjustments, Transfers, and Reorganizations   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. 2012-3, this Bulletin), Rev. Proc. 84-42, 1984-1 C.B. 521 (superseded as to no-rule areas by Rev. Proc. 2012-3, this Bulletin), 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. 2012-3, this Bulletin, (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, generally, 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, 311 Checklist 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. Butsee section 3.01 of Rev. Proc. 2012-3, this Bulletin, 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 Treasury 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. Butsee section 3.01 of Rev. Proc. 2012-3, this Bulletin, 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 amplified and modified by Rev. Proc. 2003-48, 2003-2 C.B. 86.
368(a)(1)(E) Checklist questionnaire   Rev. Proc. 81-60, 1981-2 C.B. 680. Butsee section 3.01 of Rev. Proc. 2012-3, this Bulletin, 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. 2006-9, 2006-1 C.B. 278, as amplified by Rev. Proc. 2006-54, 2006-2 C.B. 1035, and modified by Rev. Proc. 2008-31, 2008-1 C.B. 1133.
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.
817(h) Closing agreement for inadvertent failures of variable contracts   Rev. Proc. 2008-41, 2008-2 C.B. 155.
860 Self Determination of Deficiency Dividend   Rev. Proc. 2009-28, 2009-20 I.R.B. 1011.
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, and as obsoleted in part by Notice 2005-36, 2005-1 C.B. 1007.
1362(b)(5) and 1362(f) Relief for late S corporation and related elections under certain circumstances   Rev. Proc. 2004-49, 2004-2 C.B. 210; Rev. Proc. 2003-43, 2003-1 C.B. 998, as supplemented by Rev. Proc. 2007-62, 2007-2 C.B. 786; Rev. Proc. 97-48, 1997-2 C.B. 521.
1362(b)(5) and 301.7701-3 Automatic extensions of time for late S corporation election and late corporate entity classification   Rev. Proc. 2004-48, 2004-2 C.B. 172, as supplemented by Rev. Proc. 2007-62, 2007-2 C.B. 786.
1.1502-13(e)(3) Consent to treat intercompany transactions on a separate entity basis and revocation of this consent   Rev. Proc. 2009-31, 2009-2 C.B. 107.
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, as modified by Rev. Proc. 2006-21, 2006-1 C.B. 1050.
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, as modified by Rev. Proc. 2006-21, 2006-1 C.B. 1050.
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, and as modified by Rev. Proc. 2006-21, 2006-1 C.B. 1050.
2642 Allocations of generation-skipping transfer tax exemption   Rev. Proc. 2004-46, 2004-2 C.B. 142, provides an alternative method for requesting relief to make a late allocation of the generation-skipping transfer tax exemption. This revenue procedure 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.
2652(a)(3) Reverse qualified terminable interest property elections   Rev. Proc. 2004-47, 2004-2 C.B. 169, provides an alternative method for certain taxpayers to obtain an extension of time to make a late reverse qualified terminable interest property election under § 2652(a)(3). This revenue procedure also informs taxpayers who are denied relief or who are outside the scope of the revenue procedure of the information necessary to obtain a letter ruling.
4980B Failure to satisfy continuation coverage requirements of group health plans   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. 2009-41, 2009-39 I.R.B. 439.
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. 2012-1, 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 federally recognized Indian tribes published annually by the Department of the Interior, Bureau of Indian Affairs, 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).
301.7701-3 Automatic extensions of time for late S corporation election and late corporate entity classification   Rev. Proc. 2004-48, 2004-2 C.B. 172.
301.9100-3 Extension of time to make entity classification election   Rev. Proc. 2009-41, 2009-39 I.R.B. 439.
7702 Closing agreement for failure to account for charges for qualified additional benefits   Rev. Proc. 2010-26, 2010-30 I.R.B. 91.
7702 Closing agreement for failed life insurance contracts   Rev. Proc. 2008-40, 2008-2 C.B. 151.
7702A Closing agreement for inadvertent non-egregious failure to comply with modified endowment contract rules   Rev. Proc. 2008-39, 2008-2 C.B. 143.
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, as modified by Rev. Proc. 2003-34, 2003-1 C.B. 856, and modified by Rev. Proc. 2003-79, 2003-2 C.B. 1036; and Rev. Proc. 2012-1, 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. 2012-1, this revenue procedure, sections 2.05, 3.03, 7, 8, and 10.05; and Rev. Proc. 2012-3, this Bulletin, section 3.01.
Estate, gift, and generation-skipping transfer tax issues   Rev. Proc. 91-14, 1991-1 C.B. 482 (checklist questionnaire).
Intercompany transactions; election not to defer gain or loss   Rev. Proc. 2009-31, 2009-2 C.B. 107.
Leveraged leasing   Rev. Proc. 2001-28, 2001-1 C.B. 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 and Administration), Attn: CC:PA:LPD:DRU, P.O. Box 7604, Ben Franklin Station, Washington, DC 20044 (or, if a private delivery service is used: Internal Revenue Service, Associate Chief Counsel (Procedure and Administration), Attn: CC:PA:LPD:DRU, Room 5336, 1111 Constitution Ave., NW, Washington, DC 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.

Safe harbor revenue procedures

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

CODE OR REGULATION SECTION   REVENUE PROCEDURE
23 and 36C Adoption credit for foreign adoptions   Rev. Proc. 2010-31, 2010-40 I.R.B. 413.
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. 2007-47, 2007-2 C.B. 108 (research agreements).
61 Utility Cost Recovery Securitization Transactions   Rev. Proc. 2005-62, 2005-2 C.B. 507.
137 Exclusion for Employer Reimbursements   Rev. Proc. 2010-31, 2010-40 I.R.B. 413.
162 Restaurant Small Wares Costs   Rev. Proc. 2002-12, 2002-1 C.B. 374.
165 Losses from corrosive drywall   Rev. Proc. 2010-36, 2010-42 I.R.B. 439.
165 Theft losses from fraudulent investment arrangements   Rev. Proc. 2009-20, 2009-14 I.R.B. 749.
167 Recovery period for depreciation of certain tangible assets used by wireless carriers   Rev. Proc. 2011-22, 2011-18 I.R.B. 737.
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, 2003-2 C.B. 304.
263 Treatment of rotable spare parts as depreciable assets   Rev. Proc. 2007-48, 2007-2 C.B. 110.
263 Determination whether expenditures to maintain, replace or improve wireline network assets must be capitalized   Rev. Proc. 2011-27, 2011-18 I.R.B. 740.
263 Determination whether expenditures to maintain, replace or improve wireless network assets must be capitalized   Rev. Proc. 2011-28, 2011-18 I.R.B. 743.
263 Allocating success-based fees paid in business acquisitions or reorganizations   Rev. Proc. 2011-29, 2011-18 I.R.B. 746.
263 Electric trade and distribution property assets   Rev. Proc. 2011-43, 2011-37 I.R.B. 326.
263A Safe harbor methods for certain motor vehicle dealerships   Rev. Proc. 2010-44, 2010-49 I.R.B. 811.
280B Certain structural modifications to a building not treated as a demolition   Rev. Proc. 95-27, 1995-1 C.B. 704.
446 Film producer’s treatment of certain creative property costs   Rev. Proc. 2004-36, 2004-1 C.B. 1063.
446 Bank’s treatment of uncollected interest   Rev. Proc. 2007-33, 2007-1 C.B. 1289.
448 Nonaccrual-experience method - book safe harbor method   Rev. Proc. 2011-46, 2011-42 I.R.B. 518.
451 Treatment of gift cards issued to customers in exchange for returned merchandise   Rev. Proc. 2011-17, 2011-5 I.R.B. 441.
461 Accrual of payroll tax liabilities for compensation   Rev. Proc. 2008-25, 2008-1 C.B. 686.
471 Estimating inventory shrinkage   Rev. Proc. 98-29, 1998-1 C.B. 857.
471 Valuation of automobile dealer vehicle parts inventory   Rev. Proc. 2002-17, 2002-1 C.B. 676.
471 Valuation of remanufactured cores   Rev. Proc. 2003-20, 2003-1 C.B. 445.
471 Valuation of heavy equipment dealer parts inventory   Rev. Proc. 2006-14, 2006-1 C.B. 350.
471 Rolling-average method of accounting for inventories   Rev. Proc. 2008-43, 2008-30 I.R.B. 186.
475 Eligible positions   Rev. Proc. 2007-41, 2007-1 C.B. 1492.
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 Charitable remainder trusts   Rev. Proc. 2005-24, 2005-1 C.B. 909, as modified by Notice 2006-15, 2006-1 C.B. 501.
664(d)(1) Qualification of trusts as charitable remainder annuity trusts   Rev. Proc. 2003-53, 2003-2 C.B. 230; Rev. Proc. 2003-54, 2003-2 C.B. 236; Rev. Proc. 2003-55, 2003-2 C.B. 242; Rev. Proc. 2003-56, 2003-2 C.B. 249; Rev. Proc. 2003-57, 2003-2 C.B. 257; Rev. Proc. 2003-58, 2003-2 C.B. 262; Rev. Proc. 2003-59, 2003-2 C.B. 268; Rev. Proc. 2003-60, 2003-2 C.B. 274.
664(d)(2) and (3) Qualification of trusts as charitable remainder unitrusts   Rev. Proc. 2005-52, 2005-2 C.B. 326; Rev. Proc. 2005-53, 2005-2 C.B. 339; Rev. Proc. 2005-54, 2005-2 C.B. 353; Rev. Proc. 2005-55, 2005-2 C.B. 367; Rev. Proc. 2005-56, 2005-2 C.B. 383; Rev. Proc. 2005-57, 2005-2 C.B. 392; Rev. Proc. 2005-58, 2005-2 C.B. 402; Rev. Proc. 2005-59, 2005-2 C.B. 412.
832 Insurance company premium acquisition expenses   Rev. Proc. 2002-46, 2002-2 C.B. 105.
856(c) Certain loans treated as real estate assets   Rev. Proc. 2003-65, 2003-2 C.B. 336.
860H Transfers of ownership interests in Financial Asset Securitization Investment Trusts   Rev. Proc. 2001-12, 2001-1 C.B. 335.
1031(a) Qualification as a qualified exchange accommodation arrangement   Rev. Proc. 2000-37, 2000-2 C.B. 308, as modified by Rev. Proc. 2004-51, 2004-2 C.B. 294.
1031 Safe harbor with respect to exchanges of residential real property   Rev. Proc. 2008-16, 2008-1 C.B. 547.
1031 Safe harbor for reporting gain or loss on failed exchanges   Rev. Proc. 2010-14, 2010-12 I.R.B. 456.
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, as supplemented by Rev. Proc. 2007-62, 2007-2 C.B. 786.
2056A 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.
4051(a)(2) Imposition of tax on heavy trucks and trailers sold at retail   Rev. Proc. 2005-19, 2005-1 C.B. 832.
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.

Automatic change in accounting period revenue procedures

.03 For requests for an automatic change in accounting period, refer to the following automatic change revenue procedures published and/or in effect as of December 31, 2011:

Rev. Proc. 2006-45, 2006-2 C.B. 851, as clarified and modified by Rev. Proc. 2007-64, 2007-2 C.B. 818 (certain corporations); Rev. Proc. 2006-46, 2006-2 C.B. 859 (certain partnerships, subchapter S corporations, personal service corporations, and trusts); and Rev. Proc. 2003-62, 2003-2 C.B. 299 (individuals seeking a calendar year);

The Commissioner’s consent to an otherwise qualifying automatic change in accounting period is granted only if the taxpayer timely complies with the applicable automatic change revenue procedure.


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