IRS UPDATES LIST OF PRIVATE DELIVERY SERVICES.

Notice 98-47

[1] This notice updates the list of private delivery services ("PDSs") designated under Notice 97-26, 1997-1 C.B. 413, and Notice 97-50, 1997-37 I.R.B. 21 ("designated PDSs") for purposes of the "timely mailing as timely filing/paying" rule of section 7502 of the Internal Revenue Code, effective September 1, 1998.

[2] Section 7502(f) authorizes the Secretary to designate certain PDSs for the "timely mailing as timely filing/paying" rule of section 7502. Rev. Proc. 97-19, 1997-1 C.B. 644, provides the criteria currently applicable for designation of a PDS. Notice 97-50, modifying Notice 97-26 and Rev. Proc. 97-19, provides that each year there will be only one application period, which will end on June 30th. Notice 97-50 also provides that the Service will issue a notice providing a new list of designated PDSs on or before September 1st of each year for which Rev. Proc. 97-19 is in effect.

[3] Effective September 1, 1998, the list of designated PDSs is as follows:

          1. Airborne Express (Airborne): Overnight Air Express

EFFECT ON OTHER DOCUMENTS

[5] Notice 97-50 is modified by updating the list of designated PDSs.

EFFECTIVE DATE

[6] This notice is effective on September 1, 1998.

FOR FURTHER INFORMATION

[7] The principal author of this notice is Renay France of the Office of the Assistant Chief Counsel (Income Tax and Accounting). For further information regarding this notice, contact Ms. France at (202) 622-6232 (not a toll-free call).