Revenue Procedure 2022-28 notifies taxpayers that the IRS will not issue letter rulings on whether a spin-off/termination transaction that involves excess assets results in an employer reversion under section 4980(c)(2) of the Code.  Rev. Proc. 2022-3 is amplified.

Revenue Procedure 2022-28 will be in IRB:  2022-27, dated July 5, 2022.