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

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“Private letter ruling.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/private%20letter%20ruling. Accessed 24 Sep. 2020.

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