ruling

  • 131private letter ruling — A ruling by the IRS in response to a request for interpretation of a tax law. Bloomberg Financial Dictionary …

    Financial and business terms

  • 132letter ruling — A written statement which is issued to a taxpayer by Office of Assistant Commissioner of I.R.S. in which interpretations of tax laws are made and applied to a specific set of facts. Tax Analysts and Advocates v. Internal Revenue Service, D.C.D.C …

    Black's law dictionary