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IRS Updates Determination Letter Procedures

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NU Online News Service, Jan. 12, 2004, 11:39 a.m. EST – The Internal Revenue Service has published a 42-page guide that sets out the procedures for requesting letter rulings, determination letters and closing agreements for estate tax matters and many types of employee plan matters in Internal Revenue Bulletin 2004-1.[@@]

The guide, Revenue Procedure 2004-1, lists the addresses and telephone numbers that taxpayers need to make the requests as well as definitions for different types of documents, descriptions of the limits on the advice that the IRS can provide, and related issues.

The latest edition of the Internal Revenue Bulletin also includes an updated guide to IRS employee plan user fees and Revenue Procedure 2004-6, a 43-page revenue procedure that gives the updated rules for requesting letter rulings and determination letters for employee stock ownership plans, 401 plans, 403(a) plans and other types of pension plans, profit-sharing plans, stock bonus plans and ESOPs.

One change in Revenue Ruling 2004-6 prohibits applicants from submitting requests for determination letters via fax, the IRS says. Revenue Ruling 2004-1 also prohibits applicants from using fax transmissions to request the types of advice covered by that ruling.

The bulletin is on the Web at //