ruling

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Related to rulings: Revenue Rulings

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 ?
Citing revenue ruling 69-607, the IRS further held that dyslexia could be sufficiently severe as to be such a handicap.
But gay-rights advocates say more than anything, the rulings favor children.
Finally, the proposed revisions to ethics ruling No.
The IRS also has never issued any private letter rulings or other legal memoranda discussing or applying Rev.
They based their subsequent rulings on these incorrect views.
In a ruling that limits, but does not ban, the consideration of race in the admissions decisions, the U.
Stay tuned for future rulings in this complex area of family and tax law.
In another positive action, the Supreme Court declined to review a lower court ruling that struck down a Louisiana law mandating the insertion of a disclaimer about evolution into public school science textbooks.
In March, the IRS issued Announcement 95-25, which contained proposed revenue ruling regarding the impact of certain physician recruitment incentives on the tax-exempt status of hospitals that recruited physicians for their nonemployee medical staffs or to provide services on behalf of the hospitals.
The Administrative Court of Appeal's rulings entail that deduction of liabilities in holding companies is permissible in accordance with Industrivarden's petition.