Rev. Proc. 83-62

SECTION 1. BACKGROUND

Rev. Proc. 83-22, 1983-1 C.B 680, sets forth areas in which advance ruling or determination letters will not be issued by the Internal Revenue Service. Section 5 of Rev. Proc. 8322 contains a list of those 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. 83-22 is hereby amended by adding to section 5 the following new section:

Sections 61 and 162. - Gross Income Defined; Trade Or Business Expenses. - The tax consequences with respect to a salary reduction arrangement under which an employee receives and returns salary amounts to the employer. (Also sections 3121, 3306, and 3401).

SEC. 3. EFFECTIVE DATE

This revenue procedure will apply to all ruling requests on hand in the National Office on August 29, 1983, 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. 83-22 is amplified.