The U.S. IRS has released Revenue Procedure 2023-26, which establishes a new program that provides an opportunity for fast-track processing of certain requests for letter rulings solely or primarily under the jurisdiction of the Associate Chief Counsel (Corporate). The new program replaces the pilot program that was established by Revenue Procedure 2022-10 ( previous coverage). Subject to certain restrictions and conditions, the new program provides that if a request for fast-track processing is granted, the IRS will endeavor to complete the processing of the letter ruling request and, if appropriate, to issue the letter ruling within the time period specified...