Advance Ruling

Business, Legal & Accounting Glossary

Definition: Advance Ruling


Advance Ruling


Full Definition of Advance Ruling


A ruling issued by the IRS in advance of a transaction. While the IRS usually issues rulings on tax matters after a transaction occurs, it may also issue rulings on proposed transactions. Companies may request an advance ruling if the tax consequences of a transaction are uncertain or unclear.


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https://payrollheaven.com/define/advance-ruling/
Modern Language Association (MLA):
Advance Ruling. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 07, 2021 https://payrollheaven.com/define/advance-ruling/.
Chicago Manual of Style (CMS):
Advance Ruling. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/advance-ruling/ (accessed: December 07, 2021).
American Psychological Association (APA):
Advance Ruling. PayrollHeaven.com. Retrieved December 07, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/advance-ruling/

Definition Sources


Definitions for Advance Ruling are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.