Pension & Benefits News Associate Chief Counsel ruling procedure updated; new schedule of user fees provided
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Wednesday, January 29, 2020

Associate Chief Counsel ruling procedure updated; new schedule of user fees provided

By Pension and Benefits Editorial Staff

The IRS has issued a procedure explaining how it provides advice to taxpayers in the form of letter rulings, closing agreements, determination letters and information letters, and orally on issues under the jurisdiction of the Associate Chief Counsel (Corporate), Associate Chief Counsel (Financial Institutions & Products), Associate Chief Counsel (Income Tax & Accounting), Associate Chief Counsel (International), Associate Chief Counsel (Passthroughs & Special Industries), Associate Chief Counsel (Procedure and Administration), and Associate Chief Counsel (Employee Benefits, Exempt Organizations, and Employment Taxes). In addition to minor revisions, section 15.07(4) has been amended to provide for a user fee consistent with section 15.07(2), with respect to substantially identical requests from multiple entities with a common sponsor.

The procedures are effective January 2, 2020.

Source:  Rev. Proc. 2020-1.

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