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 classic literature ?
Finally, in times when the class struggle nears the decisive hour, the process of dissolution going on within the ruling class, in fact within the whole range of society, assumes such a violent, glaring character, that a small section of the ruling class cuts itself adrift, and joins the revolutionary class, the class that holds the future in its hands.
And the usual course of affairs is that, as soon as a powerful foreigner enters a country, all the subject states are drawn to him, moved by the hatred which they feel against the ruling power.
May he be as happy in ruling a people as he was while he tended sheep
Shipmasters hanging on a breath before the thrones of the winds ruling the seas have their psychology, whose workings are as important to the ship and those on board of her as the changing moods of the weather.
Archer called "plain people"; an honourable but obscure majority of respectable families who (as in the case of the Spicers or the Leffertses or the Jacksons) had been raised above their level by marriage with one of the ruling clans.
Hence he comes to say that ruling and being ruled over by turns is an essential feature of constitutional government, which he admits as an alternative to aristocracy.
Prince Andrew was looking at a large gilt frame, new to him, containing the genealogical tree of the Princes Bolkonski, opposite which hung another such frame with a badly painted portrait (evidently by the hand of the artist belonging to the estate) of a ruling prince, in a crown- an alleged descendant of Rurik and ancestor of the Bolkonskis.
The Chief of the Whimsies had as little wisdom as the others, and had been chosen chief merely because none among them was any wiser or more capable of ruling.
And while the girl remains hidden I will gladly rule in her place, for I understand the business of ruling much better than Jinjur does.
He thought he lived in a country where turkeys were the ruling class, and every year they held a feast to manifest their sense of Heaven's goodness in sparing their lives to kill them later.
The landlady's astonishment subsided in its turn, and the landlady's curiosity succeeded as the ruling influence of the moment.
By an arbitrary ruling of the Post Office, these editions were decided to be not the regular circulation of the paper, and for that reason were denied admission to the mails.