ruling

(redirected from Private letter ruling)
Also found in: Dictionary, Thesaurus, Financial, Acronyms, Encyclopedia, Wikipedia.

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
See also: absolute, act, adjudication, authority, award, canon, central, code, conclusion, condition, conviction, decree, determination, dictate, directive, documentation, dominant, edict, enactment, essential, finding, finding of guilt, influential, judgment, mandate, master, measure, omnipotent, opinion, order, potent, powerful, predominant, prescription, prevailing, primary, principal, pronouncement, requirement, rubric, sentence, sovereign, verdict
References in periodicals archive ?
A private letter ruling is a procedure that allows a taxpayer to inquire about the tax consequences of a contemplated transaction.
While generally binding upon the IRS, the private letter ruling is subject to certain caveats and there are certain limitations in relying upon private letter rulings.
The Partnership will participate in that comment process, and looks forward to a dialogue with the IRS and the Treasury regarding its private letter ruling, the Proposed Regulations and the term of the grandfather period.
A recently released IRS Private Letter Ruling offers some assurance to those considering this strategy.
The Revenue Procedure, viewed as a safe harbor, provides a relatively conservative set of standards that must be met to obtain a private letter ruling from the IRS that an arrangement qualifies as a tenancy-in-common (TIC).
The IRS recently released Private Letter Ruling 200519011 (5/13/05) addressing the division of incentive stock options (ISO) in a divorce.
Our members have expressed concern about the private letter ruling summarized below.
In a new private letter ruling, the IRS said that a decedent's active participation as a landlord in the management and operations of three real estate rental properties was an interest in a closely held business for purposes of IRC section 6166 (LTR 9832009).
The transaction had been subject to certain closing conditions, including the receipt of a satisfactory private letter ruling from the Internal Revenue Service, ("IRS") regarding the new ownership structure.
A private letter ruling is the IRS response to a specific fact situation.
In 1985, however, the Internal Revenue Service by a private letter ruling took the position that Section 277 does indeed apply to cooperative housing.