Private Letter Ruling

Business / Taxes / Private Letter Ruling: A private letter ruling explains a position the Internal Revenue Service (IRS) has taken on a specific issue or action that affects the amount of income tax a taxpayer owes. While these rulings are not the law, and there's no guarantee that they won't be overturned by new IRS opinions, they can provide guidance on how to handle financial decisions that have potential tax consequences. There is a fee when you request such a ruling.

Other Words for Letter

Letter Noun Synonyms: character, symbol, sign
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Other Words for Private

Private Noun Synonyms: (top) secret, confidential, undisclosed, hidden, clandestine, concealed, covert, surreptitious, off the record, not for publication, unofficial, hush-hush
Private Adjective Synonyms: personal, individual, own, intimate, particular
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Private Offering

Business / Real Estate / Private Offering: An offering of securities to no more than 25 persons and sale to no more than 10 persons. MORE

Private Occupancy

Life Style / Time Shares / Private Occupancy: The number of guests that a resort unit will accommodate, based on two adults per separate sleeping area, with private access to a bathroom. MORE

Private Placement

Business / Finance / Private Placement: The sale of a bond or other security directly to a limited number of investors. For example, sale of stocks, bonds, or other investments directly to an institutional investor like an insurance company MORE

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