Rev. Proc. 57-30

SECTION 1. PURPOSE.

The purpose of this Revenue Procedure is to provide a definite period of time during which the Director of the Public Information Division, of the National Office, and each District Director of Internal Revenue will make information relating to certain accepted offers in compromise available for public inspection.

SEC. 2. BACKGROUND.

Public inspection of certain accepted offers in compromise was authorized by Executive Order No. 10386 and Treasury Decision 5927, C. B. 1952-2, 298 and 299. Pursuant to the Executive Order, such inspection is limited to accepted offers in compromise involving income, excess-profits, declared value excess-profits, capital stock, estate and gift tax cases (other than offers covering penalties and interest only). Public inspection of certain accepted offers in the office of each District Director was authorized by Revenue Ruling 252, C. B. 1953-2, 469. See also Rev. Proc. 56-26, C. B. 1956-2, 1383.

SEC. 3. PROCEDURE.

Public inspection shall conform to the provisions of Executive Order No. 10386 supra. For a period of one year, a copy of the abstract and statement for each accepted offer in compromise will be made available for examination in the Public Information Division of the National Office, when such offers require acceptance approval at the National Office level, and at the designated place in the office of each District Director, when such offers are accepted at the district level. The place designated for public inspection in each district will be listed on an inspection roster maintained by the Public Information Division of the National Office. As in the past, no lists will be prepared and no releases distributed by the Internal Revenue Service in connection with these cases.

SEC. 4. EFFECT ON OTHER DOCUMENTS.

Revenue Ruling 117, C. B. 1953-1, 498, Revenue Ruling 252, C. B. 1953-2, 469, and Revenue Procedure 56-26, C. B. 1956-2, 1383, are hereby modified to the extent inconsistent herewith.