Technical Advice Memorandum
/ˈtɛknɪkəl ədˈvaɪs ˈmɛmərəndəm/
Definitions
- (n.) A written statement issued by tax authorities providing their interpretation and application of tax laws to a specific set of facts, offering guidance to the requesting taxpayer.
The taxpayer relied on the technical advice memorandum to structure their transaction in compliance with IRS guidelines.
Forms
- technical advice memorandum
- technical advice memoranda
Related terms
See also
Commentary
Often requested during audits or disputes, a technical advice memorandum is authoritative but usually confined to the requesting taxpayer's circumstances.
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.