Letter Ruling
/ˈlɛtər ˈruːlɪŋ/
Definitions
- (n.) An official interpretation or decision issued by a tax authority or government agency on the application of laws or regulations to a specific set of facts.
The company requested a letter ruling to clarify their tax obligations under the new legislation.
Forms
- letter ruling
- letter rulings
Related terms
See also
Commentary
Letter rulings provide binding guidance to the requester but generally do not serve as precedent for other taxpayers or cases.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.