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Specializing in IRS and NYS Tax Representation. Workers Compensation Audits, Payroll, Sales and Income Tax representation for Businesses, Individuals, Restaurants and Construction Companies. Civil and Criminal Workers Comp Audit representation includes: NYSIF Examinations, Premium Disputes, Employee Misclassification, Underreporting, Unreported Income, and Failure to Keep Accurate Payroll Records.

Tuesday, January 24, 2017

What the Hell is an IRS Private Letter Ruling?




Private Letter Rulings (colloquially called “PLRs”) are written statements from attorneys at the IRS Chief Counsel’s Office. In a nutshell PLRs are requested by taxpayers prior to undertaking a specific transaction, when the law is unclear (indeed).

PLRs are granted only with respect to proposed transactions or completed transactions for which a return has not yet been filed. 

Mucho más importante, PLRs can only be relied upon by the party that requested the ruling.





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Selig & Associates is a boutique Tax Representation and Risk Management Firm specializing in unpaid tax obligations and commercial insurance coverage

  Tax Advocacy      Federal Tax Practitioner, CPCU and Attorney. Practicing before the Internal Revenue Service and New York State Departmen...