Announcement 2005-4

Announcement 2005-4

Correction to Rev. Proc. 2004-35

This announcement reflects the correction of an error in Rev. Proc. 2004-35, 2004-23 I.R.B. 1029, that provides automatic relief for certain taxpayers requesting relief for late shareholder consents for S corporation elections in community property states. In section 6, regarding the Paperwork Reduction Act, estimated total annual reporting burden is changed to 200 hours.

The principal author of this announcement is Jason T. Smyczek of the Office of Chief Counsel (Passthroughs & Special Industries). For further information regarding this announcement, contact Mr. Smyczek at (202) 622-3050 (not a toll-free call).