Revenue Ruling

Definition of "Revenue Ruling"
  1. An official interpretation by the Internal Revenue Service on how future tax situations will be handled given specific circumstances
How to use "Revenue Ruling" in a sentence
  1. The accountant, considering the recent Revenue Ruling, revised the corporate tax estimates.
  2. The Revenue Ruling clarified how the new tax laws would apply to small businesses.
  3. After the release of the Revenue Ruling, she adjusted her tax planning strategies accordingly.

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