letter ruling

American  

noun

1. a written ruling sent by the U.S. Internal Revenue Service in response to a query concerning the application of the tax laws to a specific situation.

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Example Sentences

PartnerRe and Axis Capital said they had sought a private letter ruling from the Internal Revenue Service to determine whether the exchange offer would result in enhanced reporting for preferred shareholders.

From New York Times • Jul. 16, 2015

In an April call with investors, Yahoo said that it had already submitted a request for a private letter ruling from the I.R.S. on the Alibaba spinoff.

From New York Times • May 19, 2015

Equinix is seeking a so-called private letter ruling from the I.R.S. to restructure itself, a move that has drawn criticism from tax watchdogs.

From New York Times • May 13, 2013

They stop, however, when talk turns to John Paul's apostolic letter ruling out the ordination of women priests.

From Time Magazine Archive

Time Warner has received a private letter ruling from the U.S.

From Time Magazine Archive