Rev. Proc. 82-55

Section 1. Background

Section 5 of Rev. Proc. 82-22, 1982-1 C.B. 469, sets forth areas under extensive study in which rulings or determination letters will not be issued until the Service resolves the issue through publication of a revenue ruling, revenue procedure, regulations or otherwise.

Sec. 2. Procedure

Rev. Proc. 82-22 is amplified to include the following under section 5:

Section 565 -- Consent Dividends --

Whether the consent dividend procedure under section 565 applies to corporations other than those corporations to which sections 535, 545, 556, 852, and 857 are applicable.

Sec. 3. Effective Date

This revenue procedure will apply to all ruling requests on hand in the National Office on October 4, 1982, the date of publication of this revenue procedure in the Internal Revenue Bulletin, as well as to requests received thereafter.

Sec. 4. Effect on Other Revenue Procedures

Rev. Proc. 82-22 is amplified.