IRS IDENTIFIES OBSOLETE REVENUE RULINGS.

Rev. Rul. 98-37

[1] The Internal Revenue Service is continuing its program of reviewing rulings (including revenue rulings and revenue procedures) published in the Internal Revenue Bulletin to identify and publish lists of those rulings that, although specifically revoked or superseded, are no longer considered determinative because: (1) the applicable statutory provisions or regulations have been changed or repealed; (2) the ruling position is specifically covered by a statute, regulation, or subsequent published position; or (3) the facts set forth no longer exist or are not sufficiently described to permit clear application of the current statute and regulations.

[2] This revenue ruling publishes a list of rulings under the jurisdiction of the Associate Chief Counsel (Domestic) that have been identified under the Service's review program as no longer being determinative. The rulings are categorized by subject matter.

[3] Accordingly, the rulings listed below are hereby declared obsolete.

ENTITY CLASSIFICATION

      Rev. Rul. No.                  C.B. Citation

DRAFTING INFORMATION

[5] The principal author of this revenue ruling is David A. Schneider of the Office of Assistant Chief Counsel (Income Tax and Accounting). For further information regarding the rulings identified under OTHER GUIDANCE, contact Mr. Schneider on (202) 622-4890. For further information regarding the rulings identified under ENTITY CLASSIFICATION, contact Mark D. Harris of the Office of Assistant Chief Counsel (Passthroughs and Special Industries) on (202) 622- 3050. These are not toll-free calls.