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What Does Revenue Ruling Mean?

April 26, 2017dictionary Education glossary Investing Investment mean revenue ruling tutorials

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What Does Revenue Ruling Mean?

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A decree issued by the IRS that essentially has the force of law. A revenue ruling outlines the IRS’s interpretation of the tax laws and is binding on all IRS employees. Revenue rulings are published in the Cumulative Bulletin and are issued only from the National Office of the IRS.