Extension of RMO 61-98 on Joint and Coordinated Examination of Interrelated Taxpayers; RSO #697-98 on Audit of Banks, Insurance and Other Financial Intermediaries for Taxable Year 1997 and Uninvestigated Prior Years

December 18, 1998 REVENUE MEMORANDUM ORDER NO. 97-98 SUBJECT : Extension of RMO 61-98 on Joint and Coordinated Examination of Interrelated Taxpayers; RSO #697-98 on Audit of Banks, Insurance and Other Financial Intermediaries for Taxable Year 1997 and Uninvestigated Prior Years TO : All Revenue Officers Concerned In view of the detailed audit procedures required under existing revenue issuances and voluminous transactions in the audit of interrelated taxpayers and Banks and Insurance companies, RSO Nos. 673-98 and 697-98 are hereby extended up to June 30, 1999. This order shall take effect immediately. (SGD.) BEETHOVEN L. RUALO Commissioner of Internal Revenue