Tag Archives: effect of letter rulings

Private Letter Ruling Requests

Posted on February 18, 2015 by David L. Silverman, J.D., LL.M. (Taxation)

I. Introduction Private letter rulings are in the nature of “advisory” rulings by the IRS concerning the tax implication of income or estate transactions contemplated by taxpayers. As stated in Rev. Proc. 2015-1, the IRS generally issues a letter ruling … Continue reading →

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