Search results
Results from the WOW.Com Content Network
Private letter rulings (PLRs), in the United States, are written decisions by the Internal Revenue Service (IRS) in response to taxpayer requests for guidance. [1] A letter ruling is "a written statement issued to a taxpayer by an Associate Chief Counsel Office of the Office of Chief Counsel or by the Tax Exempt and Government Entities Division that interprets and applies the tax laws to a ...
For example, if your tax return is due April 15, but that date falls on a Saturday, then your tax return due date is forwarded to the first business day following April 15, or Monday, April 17. However, if a deadline falls on a Sunday, the requirements for the exchange must be met no later than the last business day prior to the deadline date ...
Treasury Regulations are the tax regulations issued by the United States Internal Revenue Service (IRS), a bureau of the United States Department of the Treasury.These regulations are the Treasury Department's official interpretations of the Internal Revenue Code [1] and are one source of U.S. federal income tax law.
Commissioner of Internal Revenue, 54 T.C. 742 (1970), [1] aff'd on other grounds, 445 F.2d 985 (10th Cir. 1971), [2] cert. denied, 404 U.S. 940 (1971), [3] is a case in which the United States Tax Court stated the principle that where the court of appeals to which an appeal would be made in a given case has already established a rule of ...
This work is in the public domain in the United States because it is a work prepared by an officer or employee of the United States Government as part of that person’s official duties under the terms of Title 17, Chapter 1, Section 105 of the US Code.
A revenue ruling is "an official interpretation by the Internal Revenue Service that has been published in the Internal Revenue Bulletin.Revenue rulings are issued only by the National Office and are published for the information and guidance of taxpayers, Internal Revenue Service officials, and others concerned."
There are two common examples of such basis mechanisms. First, the gift basis provision in §1015 provides that the gift recipient is to take the donor's basis. A second, similar, mechanism exists in §1041, requiring the recipient of marital property in a divorce settlement to take the basis of the transferring spouse.
A Group Exemption Letter or (GEL) is a special letter that is issued by the United States Internal Revenue Service (IRS). [1] A GEL pertains to organizations that have been recognized by the IRS as tax exempt organizations. [2] Many organizations in the United States maintain a GEL and obtaining one can be of benefit to an organization. [3]