What administrative release deals with a proposed transaction rather than a completed transaction?
A)Letter Ruling
B)Technical Advice Memorandum
C)Determination Letter
D)Field Service Advice
E)None of these

Question

Quizplus · Accepted Answer

A letter ruling is an administrative release that deals with a proposed transaction rather than a completed transaction. It is a written statement issued by the IRS in response to a taxpayer's request for guidance on a specific tax matter. The letter ruling outlines how the tax law would apply to the proposed transaction, allowing the taxpayer to determine the tax consequences before they complete the transaction.

What Administrative Release Deals with a Proposed Transaction Rather Than