SECTION 1. PURPOSE

Official source

This revenue procedure supersedes Rev. Proc. 2024-24, 2024-21 I.R.B. 1214, and provides procedures for taxpayers requesting private letter rulings from the Internal Revenue Service (IRS) after September 29, 2025, regarding certain issues pertaining to transactions intended to qualify under § 355 1 (Section 355 Transactions), including representations, information, and analysis that taxpayers requesting these rulings should submit to the IRS. This revenue procedure also modifies Rev. Proc. 2025-1, 2025-1 I.R.B. 1, and Rev. Proc. 2017-52, 2017-41 I.R.B. 283, and revokes Notice 2024-38, 2024-21 I.R.B. 1211.

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SECTION 1. PURPOSE

Official source

This revenue procedure supersedes Rev. Proc. 2024-24, 2024-21 I.R.B. 1214, and provides procedures for taxpayers requesting private letter rulings from the Internal Revenue Service (IRS) after September 29, 2025, regarding certain issues pertaining to transactions intended to qualify under § 355 1 (Section 355 Transactions), including representations, information, and analysis that taxpayers requesting these rulings should submit to the IRS. This revenue procedure also modifies Rev. Proc. 2025-1, 2025-1 I.R.B. 1, and Rev. Proc. 2017-52, 2017-41 I.R.B. 283, and revokes Notice 2024-38, 2024-21 I.R.B. 1211.