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

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

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

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

From Time Magazine Archive

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

From Time Magazine Archive