ruling

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Ruling

An official opinion by the IRS on how it interprets U.S. tax law. The IRS may make a ruling, for example, after seeing taxpayers apply a deduction or credit to an unusual, but still relevant situation. The IRS determines whether or not it will accept the situation, and, afterward, applies the ruling to all comparable situations. It is also called a revenue ruling, a letter ruling, or a private letter ruling.

ruling

References in periodicals archive ?
Secondly, neutrophil counts, NLR, CRP and PLR values were significantly higher in patients with moderate to severe disease activity compared to those both in healthy controls and in patients with mild disease activity.
To verify the part-load performance of the model, the system capacity, and electric power at any given indoor and outdoor coil entering air temperatures, PLR, and RTF of 1.
The PLR office administers payments to authors when their books are loaned out by public libraries.
To our knowledge, we have the largest study to date demonstrating that Nap-A has a higher sensitivity, specificity, NPV, NLR, PPV, and PLR for primary pulmonary adenocarcinoma than TTF-1 has (Table 3); 24 of 84 primary pulmonary adenocarcinomas (28.
Direct the prime mover to the identified PLR and the control valves to position themselves to deliver the proper heat fractions to the heating and cooling systems.
By attempting to raise labor standards above those required by local laws and prevailing market conditions, PLR interferes with the sovereign right of national governments to determine domestic labor policies.
A survey of the PLRs that have been issued in the last year reveals the type of information necessary to document the use of the chosen methodology.
PLR 200910002, issued on March 9, 2009, provides a road map to a private split-dollar arrangement that uses a collateral assignment and the tax implications of the arrangement.
PLR 200621031 dealt with an organization exempt from federal income tax under IRC Section 501(c)(2) as a title holing company.
Elsewhere in Europe, PLR is an important component of an author's income.
Employee reimbursements for parking at nontemporary work locations: PLR 200105007; p.
Equinix has determined that it is advisable to seek a private letter ruling (PLR) from the Internal Revenue Service (IRS) in connection with its proposed REIT conversion, and anticipates filing the PLR request with the IRS by the end of 2012.