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Essay / Research Paper Abstract
This 5 page paper provides an overview of IRS rulings and determination letters. Bibliography lists 5 sources.
Page Count:
5 pages (~225 words per page)
File: RG13_SA930irs.rtf
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Unformatted sample text from the term paper:
that it behooves the ordinary American to know what to do in order to file an accurate tax return. Most people are reliant to tax accountants that charge hefty fees
or at least to computer programs that require some tax savvy. In any event, when embarking on the topic of private letter rulings and determination letters, the IRS provides new
procedures each year, and one year of rulings explored by David (2001) is about 600 pages long. The purpose of their rulings is to assist taxpayers in respect to their
tax status (David, 2001). The National Office provides private letter rulings whereas the Area Directors Office will issue Determination Letters (David, 2001). Why are these letters and determinations issued? Who
might be seeking this information? The IRS provides Determination letters for organizations that seek tax exempt status (David, 2001). It also is related to qualifications in terms of retirement planning
as well as estate, gift, and tax matters related to private foundations (David, 2001). In general, when an organization wants to be tax exempt for any reason, they need to
contact the IRS for a ruling. It is through the private letter rulings and determination letters that this process can go forth. The determination is for charities, for example, that
want to make changes and are unsure of what the end result will be; such charities will want to request a determination letter or a private letter ruling ("Exempt Organizations
- Private Letter Rulings and Determination Letters," 2009). This is not something easily accomplished. An IRS publication posts the following question: "If your request involves a matter on which letter
rulings are not ordinarily issued, have you given compelling reasons to justify the issuance of a private letter ruling?" ("Rulings and Determination Letters," 2009). In some cases, determinations are
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