The US IRS on January 2 issued revenue rulings outlining procedures for taxpayers that seek to obtain obtaining private letter rulings and technical advice memorandum covering tax issues, including international tax issues.
Rev. Proc. 2020-1 contains revised procedures for letter rulings and information letters. Rev. Proc. 2020-2 addresses the procedures for technical advice memoranda.
Rev. Proc. 2020–7 discusses international tax topics that the US government will not address by private ruling or memoranda.
These revenue procedures are updated annually at the beginning of the year.
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