Definition of Private Letter Ruling (PLR) | IRS Letter

Accounting Definitions

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Private Letter Ruling Definition

Private letter ruling (PLR) is generated by the Internal Revenue Service (IRS) to provide specific information on interpreting tax laws based on a taxpayer’s unique situation.

Private Letter Ruling Expanded Definition
Tax laws are written to provide general guidance, but sometimes taxpayers need clarification for unusual situations. The Internal Revenue Service (IRS) generates Private Letter Rulings (PLR) in response to taxpayers’ written requests for interpretation of the tax laws. There are fees charged to request the PLR.

Related Article:
What Is a Private Letter Ruling from the IRS? | Patriot Software

Last Updated By

Christan Neff | Apr 17, 2023

Back to Top