A private letter ruling is an IRS interpretation of rules and their application in response to a particular taxpayer's complex set of circumstances.

The IRS ordinarily will not issue “comfort” letter rulings on matters that are already squarely addressed by statute, regulation, court decision, revenue ruling, revenue procedure or notice. Get the ...

Private letter rulings, commonly known as "guidances," are the bane of tax attorneys everywhere. They are very specific, vast in number and essential to understanding how tax law works. In brief ...

To request a private letter ruling under the pilot program, a taxpayer must follow the general procedures in Revenue Procedure 2017-1. 6 Further, Section 3 of Revenue Procedure 2017-52 requires a ...

Private letter rulings, commonly known as "guidances," are the bane of tax attorneys everywhere. They are very specific, vast in number and essential to understanding how tax law works. In brief ...

Private letter ruling 201907001 (the “PLR”), recently issued by the Internal Revenue Service (“IRS”), indicates that a midstream energy company may be able to organize as a real estate ...

In Revenue Procedure 2021-1, the service revised the procedures for obtaining private letter rulings from the IRS Office of Chief Counsel.The OCC said it conducted a biennial review of the user fees ...

The private-letter ruling only applies to the unnamed company that requested it. Other employers interested in pursuing a similar choice program would need to seek their own ruling.

Requests by state and local governments for Internal Revenue Service private letter rulings on tax-advantaged bond issuances are facing an $8,000 increase to $38,000.

The Internal Revenue Service is increasing many of the fees for requests for private letter rulings by 26.7 percent, starting Feb. 4.

How a Private Letter Ruling (PLR) Works. A private letter ruling is specific and applicable only to an individual taxpayer and their tax situation at the time of the request.