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 ?
For context, nearly 50 percent of currently registered animal research facilities in North Carolina received correctable findings in their most recent USDA inspection reports, and each of these facilities, including PLRS, remains open today.
Comprehensive training programs are required of all PLRS animal technicians.
Research protocols followed at PLRS reflect procedures consistent with those used at other facilities, which are routinely accepted and approved by multiple federal grant-making authorities.