ruling

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Ruling

A judicial or administrative interpretation of a provision of a statute, order, regulation, or ordinance. The judicial determination of matters before the court such as the admissibility of evidence or the granting of a motion, which is an application for an order.

ruling

n. court decision on a case or any legal question.

ruling

noun adjudication, award, command, court's finding, decision, decree, determination, edict, finding, findings of fact and conclusions of law, judgment, judicial determination, judicial proclamaaion, judicial pronouncement, opinion of the court, order, order of the court, pronouncement, resolution, rule, verdict
Associated concepts: judicial ruling, ruling from the bench

References in periodicals archive ?

2003-16, which provided for automatic waivers of the 60-day requirement and waivers in private letter rulings, did not discuss the grant of waivers during IRS examinations.

The 60-day rollover rule: Self-certifying waiver eligibility

In those instances, particularly if adverse tax consequences could result in a significant tax liability, the taxpayer should consider requesting a private letter ruling from the Internal Revenue Service.

7 Things to Know About IRS Private Letter Rulings

A cursory review of established judicial doctrine shows support for several key restrictions on the use of private letter rulings. In the footnotes to a 1984 case, the U.S.

The basics of private letter rulings

The first issue addressed in the letter ruling relates to whether the credit card rebates are includible in the gross income of the taxpayer (credit card customer).

Elections to direct credit card rebates to qualified charities

98-1 also provides a sample format for a letter ruling request complete with the proper mailing address.

New letter ruling procedure for environmental cleanup cost issues

(34) IRS Letter Rulings 200637008 (9/15/06); 200616023 (4/21/06); 2001614020, 200614021 and 200614022 (all dated 4/7/06); 200615019 (4/14/06); and 200606004 (2/10/06).

Current developments: this article reviews and analyzes recent rulings and decisions involving partnerships. The discussion covers developments in partnership formation, foreign-source income, debt and income allocations, partnership continuation and basis adjustments

* Letter ruling 200402029 (taxpayer's physical incapacity prevented compliance with rollover requirements).

IRA rollovers after 60 days; the IRS can be lenient in certain circumstances

Nevertheless, practitioners may have believed that public companies would be loathe to employ any distribution mechanism involving the word "liquidation." The corporation in Letter Ruling No.

Recent private letter rulings prove partial liquidations are alive and well

(77) IRS Letter Rulings 200604016 (1/27/06) and 200622038 (6/2/06).

Current developments

Treasury regulations issued under section 6662 provide that both private letter rulings and GCMs are substantial authority, reversing the position under the old regulations cited by the court.

The value of an IRS General Counsel Memorandum

96-30 as a whole, i.e., how to request a private letter ruling under its various provisions.

The new Section 355 checklist questionnaire

Letter Rulings 200625009, 20051-3010 and 200327003 all held that an undivided fractional interest was not a partnership.