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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.


Example Sentences

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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

The I.R.S. is reportedly re-evaluating the standards prospective M.L.P.s should meet to be granted a private letter ruling, and Ms. Lyman said new letters were expected to be issued as early as September.

From New York Times ● Aug. 12, 2014

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

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