Revenue Rulings are official interpretations of tax laws by the IRS, providing guidance on how laws are applied in specific situations. They are binding on the IRS but not on the courts.
Lexis is an extensive online database for legal research, featuring a variety of resources including the Federal Tax library with the full text of the Internal Revenue Code, regulations, revenue rulings, and court decisions, particularly beneficial for tax practitioners.
A Revenue Ruling is an official interpretation by the Internal Revenue Service (IRS) that provides guidance on specific tax issues for taxpayers, tax professionals, and IRS personnel.
Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.