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.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Advance Ruling. Payroll & Accounting Heaven Ltd.
December 07, 2021
Chicago Manual of Style (CMS):
Advance Ruling. Payroll & Accounting Heaven Ltd. (accessed: December 07, 2021).
American Psychological Association (APA):
Advance Ruling. Retrieved December 07, 2021
, from website:

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.