n-00-64.pdf

Preserve advance releases and the authoritative Internal Revenue Bulletin rendition; directory timestamps are file-publication metadata, not legal effective dates. HTML bulletins begin June 2003; earlier available issues require full PDF parsing.

This collection currently includes the publisher’s available advance-release directory. Historical bulletin renditions are discovered separately; an advance-release record alone does not certify the collection archive complete.

Part III - Administrative, Procedural, and Miscellaneous
Balance Due and Refund Anticipation Loans Under ' 7216
Notice 2000-64
The Internal Revenue Service has received questions about the scope of section
7216 of the Internal Revenue Code, Treas. Reg. ' 301.7216-3 and Rev. Proc. 2000-31,
2000-31 I.R.B. 146, in the context of loans associated with electronic filing, such as
balance due and refund anticipation loans.
The IRS is reviewing both Treas. Reg. ' 301.7216-3 and Rev. Proc. 2000-31.
Until further guidance is issued, tax return preparers who follow the rules for electronic
filing set forth in Rev. Proc. 2000-31 and all publications and notices governing the IRS
e-file Program listed in section 5.01 of the Revenue Procedure, will be treated as in
compliance with I.R.C. ' 7216.
The IRS requests comments on whether and how Treas. Reg. ' 301.7216-3
and/or Rev. Proc. 2000-31 could more clearly address the rules governing balance due
and refund anticipation loans. Comments should be addressed to the IRS at 5000 Ellin
Road, New Carrollton, MD 20706, Attn: Ms. Grace E. Davis, W:E:IEF:CMMB, Room
C4-368.