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Rev. Proc. 98 28 SECTION 1. PURPOSE This revenue procedure provides guidance concerning the United States and area median gross income figures that are to be used by issuers of qualified mortgage bonds as defined in 143 a of the Internal Revenue Code and issuers of mortgage credit certificates as defined in 25 c in computing the housing cost/income ratio described in 143 f 5.

How to fill out revenue procedure 98 28

How to fill out revenue procedure 98 28?

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2. Carefully read through the instructions provided on revenue procedure 98 28 to ensure that you understand the requirements and procedures involved.
3. Fill out the necessary information on the revenue procedure 98 28 form, making sure to provide accurate and complete details as required.
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Who needs revenue procedure 98 28?

1. Individuals or businesses that have relevant taxable transactions or are involved in certain tax activities.
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What is revenue procedure 98 28?

Revenue Procedure 98-28 provides guidance on how to obtain automatic consent for certain method changes under the Internal Revenue Code.

Who is required to file revenue procedure 98 28?

Taxpayers who want to make specific changes to their accounting methods must file revenue procedure 98-28.

How to fill out revenue procedure 98 28?

To fill out revenue procedure 98-28, taxpayers must follow the instructions provided by the Internal Revenue Service (IRS) in the revenue procedure itself. The procedure will outline the specific information that needs to be included.

What is the purpose of revenue procedure 98 28?

The purpose of revenue procedure 98-28 is to provide guidance and streamline the process for taxpayers to obtain automatic consent for certain method changes under the Internal Revenue Code.

What information must be reported on revenue procedure 98 28?

The specific information that must be reported on revenue procedure 98-28 will vary depending on the type of method change being requested. Taxpayers should refer to the instructions provided by the IRS in the revenue procedure itself.