Tax Guidance
/ˈtæks ˈɡaɪdəns/
Definitions
- (n.) Authoritative information issued by tax authorities to explain, clarify, or interpret tax laws and regulations.
The company sought tax guidance before finalizing its international transactions.
- (n.) Official advice or instructions provided by a tax professional or legal counsel regarding tax compliance or planning.
She obtained tax guidance to optimize the firm's deductions for the fiscal year.
Forms
- tax guidance
Related terms
See also
Commentary
Tax guidance differs from binding tax rulings in its authoritative weight and may be advisory rather than legally binding.
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.