Which one of the following statements about letter rulings is false?
A)If a taxpayer requests and pays for a ruling, the IRS must respond to his request by issuing a ruling.
B)A ruling is a response to a taxpayer's specific set of facts.
C)Rulings become public information.
D)The IRS issues revenue procedures periodically, which prescribe the information that must be supplied with a ruling request.

Question

Quizplus · Accepted Answer

Letter rulings are not guaranteed simply because a taxpayer requests and pays for one. The IRS has discretion in deciding whether to issue a ruling.

Which One of the Following Statements About Letter Rulings Is