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6407 1 Date of allowance of refund or credit This revenue ruling modifies Revenue Ruling 78 127 by clarifying when the Internal Revenue Service allows a refund or credit of an overassessed tax. Rev. Rul. 2001 40 PURPOSE Revenue Code the Code in Rev. Rul. 78 127 1978 1 C. B. 436. Specifically tax.
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Rev. Rul. 78-127 is a revenue ruling issued by the Internal Revenue Service (IRS) that provides guidance on a specific tax issue.
Taxpayers who meet the criteria outlined in Rev. Rul. 78-127 are required to file accordingly.
Taxpayers must follow the instructions provided in Rev. Rul. 78-127 to correctly fill out the form.
The purpose of Rev. Rul. 78-127 is to clarify tax regulations and provide guidance on a specific tax issue.
The specific information that must be reported on Rev. Rul. 78-127 is outlined in the ruling itself.
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