Safe Harbor for Inadvertent Normalization Violations

Revenue Procedure 2017-47 provides a safe harbor that allows a utility taxpayer that inadvertently uses a practice or procedure that is inconsistent with the normalization rules (such as failure to use the proration methodology) to correct that practice or procedure at the next available opportunity and be considered not to have violated the normalization rules by their inadvertent error without requiring the taxpayer to obtain a private letter ruling from the Service regarding the inadvertent error.

The latest form for Safe Harbor for Inadvertent Normalization Violations expires 2021-04-30 and can be found here.