Letter ruling definition

Letter ruling means a formal document issued by the department to a specific taxpayer on a specific tax matter related to a future transaction. A taxpayer shall request a letter ruling on a form and in a manner prescribed by the department.

Letter ruling means a written interpretation of law to a

Letter ruling means a written interpretation of law to a specific set of facts provided by the applicant requesting a letter ruling.

Examples of Letter ruling in a sentence

• Letter ruling" means a formal document issued by the department to a specific taxpayer on a specific tax matter related to a future transaction.

• If the extension request is denied, there is no right of appeal.(3) Letter ruling request closed if the taxpayer does not submit additional informa- tion.

• The amount of surviving corpora- tion stock that would be treated as purchased (on the date the surviving corporation shareholders purchased their surviving corporation stock) if the controlling corporation acquired the stock of the surviving corporation in a transaction in which the basis in the surviving corporation’s stock was determined under section 362(b) (see§§ 1.358–6(c)(2)(ii)(B) and 1.1502–30(b)).(ii) Letter ruling and closing agreement.

• The foregoing sentence shall not apply, and the limitation shall be that provided by the Code or the Internal Revenue Service, as the case may be, if such annual limit is changed or eliminated by (a) amendment of the Code or (b) issuance by the Internal Revenue Service of (i) a Revenue ruling, (ii) a Private Letter ruling to any of the Company, any Optionee, or any legatee, personal representative, or distributee of any Optionee, or (iii) regulations.

• If you have further questions concerning this Private Letter ruling, you may contact me at (217) 782-2844.

More Definitions of Letter ruling

Letter ruling means the private letter ruling dated September 28, 1999, received from the Internal Revenue Service to the effect, among other things, that the Distribution will qualify as a tax-free distribution for federal income tax purposes under Section 355 of the Code.

Letter ruling means a written interpretation of law by the

Letter ruling means a written interpretation of law to a specific set of facts provided by an applicant requesting the written interpretation from the Arkansas Economic Development Commission;

Letter ruling means a written interpretation of law to a specific set of facts provided

Letter ruling means the advance letter rulings expected to be issued by the IRS to Methode regarding certain U.S. federal income tax consequences of the Distribution and other related transactions and any supplemental letter rulings issued by the IRS with respect thereto; provided, however, that the requesting party complied with the provisions of the Tax Sharing Agreement relating to requests for supplemental rulings and obtained any necessary approval of the other party thereto.

Letter ruling means a private letter ruling from the Internal Revenue Service in form and substance satisfactory to Parent to the effect, among other things, that the Distribution will qualify as a tax-free distribution for federal income tax purposes under Section 355 of the Code.

Letter ruling means the private letter ruling issued by the Internal Revenue Service to the Guarantor, stating that, subject to customary assumptions and limitations, the Distribution will qualify as tax-free under Section 355 of the Code, except for cash received in lieu of fractional shares of the Guarantor’s common shares.