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LET RUL
(redirected from letter ruling)

   Also found in: Legal, Financial 0.02 sec.
AcronymDefinition
LET RULLetter Ruling (issued by US Internal Revenue Service)


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? References in periodicals archive
Under the facts of Letter Ruling 200709051, (12) an S corporation might have been deemed to have a second class of stock due to its distributions to its shareholders.
We have two sources of guidance for the application of Section 1031 to vacation homes--a letter ruling and a tax court case.
A Private Letter Ruling issued in 2004, although it is not legal precedent binding on other tax-exempt organizations, confirms this position while adding insight from the IRS with regard to the rules applicable to unrelated business income subject to tax.
 
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