The U.S. IRS has released Revenue Procedure 2022-10, which establishes an 18-month pilot program that provides an opportunity for fast-track processing of certain private letter ruling requests solely or primarily under the jurisdiction of the Associate Chief Counsel (Corporate). The revenue procedure will appear in Internal Revenue Bulletins (IRB) 2022-6 of 7 February 2022.
Considering numerous informal comments received from taxpayers and practitioners regarding the time required to proce…