IRS Published Revenue Procedure 2005-30
The Internal Revenue Service (IRS) today published Revenue Procedure 2005-30, which provides guidance regarding an extension of time for private activity bond issuing authorities that fail to make a timely carryforward election. The relief provided under Rev. Proc. 2005-30 is in lieu of the letter ruling procedure that is used to request an extension of time under Internal Revenue Code § 301.9100-3.