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

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

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