A private letter ruling is an official written statement from the IRS issued to the taxpayer about their specific situation, fact, and questions.

PLR addresses all sorts of tax matters. If you intend to get a PLR, you must submit a letter ruling request for filing a return. You can request a PLR when it is subject to gift tax, estate tax, employment tax, administrative concern, and changes in the company in the tax year.

There are three types of PLR: -

• Published by the IRS for the taxpayer to use in their tax return filing.
• A confidential letter ruling that a taxpayer should not share with anyone, including other taxpayers.
• A PLR is not published by the IRS and is only distributed to the taxpayer requesting taxpayer representatives.

You can request PLR for gift tax, estate tax, excise tax, employment tax, and administrative concerns. If you wish to know more about PLR requests, the attorneys of Mitchell Tax Law are there to help you. The private letter ruling attorneys are capable of resolving all your cases. The team has years of experience in submitting the PLR and ensuring that the request is submitted in a way that will bind the IRS by the ruling.

The IRS publishes the text of all PLRs in its PLR database. Our tax law does not mandate the publication of private letter rulings. There are, however, statutory provisions that require the IRS to compile and publish specific information for taxpayers including material related to tax enforcement activity.

The IRS does not have a set time limit for issuing letter rulings. The time depends on the complexity of the letter and other factors. Ideally, it takes about 6-12 months to process for review and approval. If approved, it is necessary for the delivery of the PLR to you or your representatives. The IRS publishes the text of all PLRs in its PLR database. It can be accessed by anyone and view them. However, there are some cases where PLR should not be requested. The hypothetical situation request does not address your tax status or report obligations.

Our experts undertake full studies of the circumstances as well as transactions. We know all the rules, policies and all other situations to deal with PLR. Book your appointment today and start your PLR request today.

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