Revenue Ruling
/ˈrɛvənjuː ˈruːlɪŋ/
Definitions
- (n.) An official interpretation issued by a tax authority providing guidance on applying tax laws to specific factual scenarios.
The IRS issued a revenue ruling clarifying the tax treatment of employee stock options.
Forms
- revenue ruling
- revenue rulings
Related terms
See also
Commentary
Revenue rulings are binding on the issuing tax authority and serve as precedent for taxpayers and tax professionals.
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.