Taxpayers who are in doubt about the particular tax consequences of a contemplated transaction may ask the IRS for a ruling on the tax question involved.Which one of the following statements is not true?
A)The IRS may decline to issue a letter ruling.
B)Letter rulings apply only to the particular taxpayers with a particular set of facts asking for the ruling.
C)During the process of obtaining a ruling, the IRS may recommend changes in a proposed transaction to assist taxpayers in reaching the result they wish.
D)Letter rulings are available in digest form to allow other taxpayers to cite them as authority when they match the particular set of facts for which the letter ruling was issued.
E)None of the above; all are true.

Question

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The Answer of Taxpayers who are in doubt about the particular tax consequences of a contemplated transaction may ask the IRS for a ruling on the tax question involved.Which one of the following statements is not true?
A)The IRS may decline to issue a letter ruling.
B)Letter rulings apply only to the particular taxpayers with a particular set of facts asking for the ruling.
C)During the process of obtaining a ruling, the IRS may recommend changes in a proposed transaction to assist taxpayers in reaching the result they wish.
D)Letter rulings are available in digest form to allow other taxpayers to cite them as authority when they match the particular set of facts for which the letter ruling was issued.
E)None of the above; all are true.

Taxpayers Who Are in Doubt About the Particular Tax Consequences