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 ...

Follow the IRS requirements and instructions for applying for a ruling. This information generally is contained in the first revenue procedure the IRS publishes each year; for 2009 it was Revenue ...

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 ...

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 ...

The Internal Revenue Service announced a number of changes to how it will process private letter rulings related to a handful of corporate ... (corporate) directly before submitting a request for a ...

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 ...

In August, the IRS provided the so-called private letter ruling to the unnamed company, stating that they could offer workers more flexibility with their 401(k) accounts.

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 ...

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.