revenue ruling

Revenue Ruling
Revenue Ruling n: an official interpretation of a tax law by the Internal Revenue Service that is published to provide guidance esp. to taxpayers and IRS officials

Merriam-Webster’s Dictionary of Law. . 1996.

revenue ruling
n.
An official interpretation of some point of tax law issued by the Internal Revenue Service.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


revenue ruling
A published opinion of the Internal Revenue Service stating what it would rule on future tax questions based on the same circumstances. These rulings are of general use to taxpayers, tax preparers, accountants, and attorneys in anticipating tax treatment by the IRS. They have the force of law until otherwise determined by the federal tax court or a new revenue ruling.
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
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Category: Personal Finance & Retirement → Taxes → Tax Audits

Nolo’s Plain-English Law Dictionary. . 2009.


revenue ruling
n. A published decision by the IRS, printed in the Internal Revenue Bulletin, dictating how the federal tax code applies to a particular situation. Unlike private rulings, taxpayers may rely upon revenue rulings to calculate the tax consequences for them in similar situations.
@ private ruling
An IRS determination of tax consequences of a certain transaction issued to and at the request of a private taxpayer only, and may not be relied upon by taxpayers at large.
@ revenue procedure
An official IRS statement spelling out the administrative practices used by the IRS. For example, methods for obtaining a private ruling are often spelled out. Abbreviated rev. proc..
=>> revenue ruling.
@

Webster's New World Law Dictionary. . 2000.

revenue ruling
n.
   a published opinion of the Internal Revenue Service stating what it would rule on future tax questions based on the same circumstances. These rulings are of general use to taxpayers, tax preparers, accountants and attorneys in anticipating tax treatment by the IRS. They have the force of law until otherwise determined by the federal tax court or a new revenue ruling.
   See also: income tax

Law dictionary. . 2013.

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