A private letter ruling (PLR) is a written decision by the Internal Revenue Service (IRS) that is sent in response to a taxpayer’s request for guidance on unusual circumstances or complex ...

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 ...

Fee increases may be discouraging taxpayers from seeking private letter rulings from the Internal Revenue Service to resolve their questions ahead of filing, according to a new report. The report, ...

The employer’s request specifically asks the IRS to weigh in on the proper treatment of the assets under Section 4980 of the Internal Revenue Code. As recounted in the private letter ruling, the ...

Prior to this recent change, if Form 706 was not filed the executor would have to request special dispensation from the IRS: a private letter ruling request, which was costly and not guaranteed ...

Why do people care about private letter rulings? Private letter rulings can provide insight into future benefits trends. For example, a provision in the SECURE 2.0 Act allowing employers to match ...

The IRS has published a private letter ruling on Sections 351, 368, 833, and 1502 regarding the federal income tax consequences of the taxpayer’s restructuring. [PLR 202524007] ...

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.