Which of the following documents is issued by the IRS to a specific taxpayer?
A)regulation
B)revenue procedure
C)letter ruling
D)information release

Question

Quizplus · Accepted Answer

A letter ruling is a written statement issued by the IRS in response to a specific request by a taxpayer regarding the tax treatment of a particular transaction. It applies only to the taxpayer who requested it and can provide certainty in tax planning. Regulations, revenue procedures, and information releases are issued by the IRS to provide guidance to the public, not specific taxpayers.

Which of the Following Documents Is Issued by the IRS