Rev. Proc. 83-45

Section 1. Background

Section 5 of Rev. Proc. 83-22, page 680, this Bulletin, sets forth areas under extensive study in which advance rulings and determination letters will not be issued until the Internal Revenue Service resolves the issue through publication of a revenue ruling, revenue procedure, regulations or otherwise.

Sec. 2. Procedure

Rev. Proc. 83-22 is amplified to include the following under section 5.

Section 101.--Whether the death benefit payable under a single premium increasing death benefit life insurance policy will be excludable from the gross income of the beneficiary thereof pursuant to section 101(a).

Sec. 3. Effective Date

This revenue procedure will apply to all ruling requests on hand in the National Office on June 1, 1983 as well as to requests received thereafter.

Sec. 4. Effect on Other Revenue Procedures

Rev. Proc. 83-22 is amplified.