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Private Letter Ruling 9432006, IRC Section 42 Full Text: Date: May 6, 1994, Dear *** This letter responds to your letter of January 4, 1994, that requested a ruling under section 42(n) of the Internal
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Private Letter Ruling 9432006 is a specific written statement issued to a taxpayer that interprets and applies tax laws to the taxpayer's particular set of facts.
Any taxpayer seeking guidance on a particular tax matter can request a private letter ruling from the IRS.
To request a private letter ruling, a taxpayer must submit a written request to the IRS, providing all relevant facts and issues related to the tax matter.
The purpose of a private letter ruling is to provide the taxpayer with certainty on how tax laws apply to their specific situation.
The private letter ruling should include a detailed explanation of the taxpayer's facts and circumstances, as well as the IRS's interpretation of how the tax laws apply to those facts.
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