Identify Which of the Following Statements Is False

Identify which of the following statements is false.

A) As a practical consideration, taxpayers always find it preferable to obtain an advance ruling on questionable tax situations.
B) The IRS issues annually a revenue procedure that prescribes how a letter ruling should be requested and the information to be contained in the ruling request.
C) The request for a ruling may contain a suggested conclusion (or answer) that the taxpayer proposes that the IRS adopt in the described situation.
D) Third parties may not cite private letter rulings as authority for the tax consequences of their transactions.