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    Principles of Taxation
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    Exam 5: Tax Research
  5. Question
    Private Letter Rulings Are Authoritative Only for the Specific Taxpayer
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Private Letter Rulings Are Authoritative Only for the Specific Taxpayer

Question 37

Question 37

True/False

Private letter rulings are authoritative only for the specific taxpayer to whom they are issued and cannot be relied on as authority by any other taxpayer.

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