ruling


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ruling

[′rül·iŋ]
(mathematics)
One of the positions of the straight line that generates a ruled surface.
References in periodicals archive ?
The ruling went on to state that the excess losses that arose in a closed tax year must first offset any increase in basis (from profits, capital or debt contributions), before open-year losses may be used.
In the Request, Peyrelevade contends that interlocutory review is appropriate and necessary in this case because the ALJ's ruling improperly resolves a controlling issue of law by denying consideration of Peyrelevade's deposition testimony and by barring Peyrelevade from preserving his testimony by way of a testimonial deposition pursuant to Rule 263.
The proposed ethics ruling under Rule 102, "Integrity and Objectivity," would require that a member inform the client that he or she may be using a third-party service provider when providing professional services to the client, prior to sharing confidential client information with the service provider.
Judge DeMent's ruling orders an end to a variety of unconstitutional activities.
2003-43, (3) which grants S corporations, qualified subchapter S subsidiaries (QSubs), ESBTs and QSSTs a 24-month extension to file Form 2553, Election by a Small Business Corporation, Form 8869, Qualified Subchapter S Subsidiary Election, or a trust election, without obtaining a letter ruling.
Although the final regulations have the practical effect of obsoleting inconsistent rulings even without the need for affirmative action by IRS, formally removing the old rulings will prevent unnecessary and frustrating discussions and debates over the continuing validity of a particular ruling.
Based on the generally accepted interpretation of revenue ruling 76-28, the company deducted contributions it made after yearend on its extended tax returns.
If a revenue ruling clearly supports the tax return position, the taxpayer can rely on it; see Regs.
To try to correct the problem, the IRS issued revenue ruling 94-47, which established a permanent link between the home-office requirements of IRC section 280A and the deductibility of transportation expenses under IRC section 162(a).
Although there is little guidance under this exception, the IRS has issued a few letter rulings allowing taxpayers to rely on it; see Letter Ruling 200052010.
It] may also preclude Auditors from filing ruling requests on behalf of issuers and providing Issuers with opinions and analyses intended for submission to the IRS.