private letter ruling

noun

Legal Definition of private letter ruling 

: a letter from the Internal Revenue Service to an individual taxpayer setting out the agency's interpretation of the tax rules relating to a specific situation or transaction proposed by the taxpayer

Learn More about private letter ruling

Share private letter ruling

Comments on private letter ruling

What made you want to look up private letter ruling? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

alleviating pain or harshness

Get Word of the Day daily email!

Test Your Vocabulary

Musical Words Quiz

  • gramophone
  • Which word describes a musical performance marked by the absence of instrumental accompaniment?
True or False

Test your knowledge - and maybe learn something along the way.

TAKE THE QUIZ
Add Diction

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!