Massachusetts Internal Revenue Service Ruling Letter
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How to fill out Internal Revenue Service Ruling Letter?
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FAQ
Interest received by a Massachusetts resident on any tax refund from a federal, state or local government is subject to Massachusetts income taxation at the rate of 10% plus surtax.
Notice of Intent to Assess (NIA) The NIA is an audit notice that is issued when the DOR believes you owe additional taxes. The NIA will identify the reason DOR believes your tax should be increased. The NIA is not a tax bill; it shows the amount you will owe if you do not dispute it.
For more information or to obtain forms, please call the Contact Center at (617) 887-6367 or toll-free in Massachusetts at (800) 392-6089. Most taxpayers can use MassTaxConnect to dispute an audit finding or a penalty by choosing "File a Dispute" under "I Want To" in their account for each tax type.
Where fast-track handling is available, the IRS will endeavor to issue a private letter ruling in a compressed time frame, generally about 12 weeks. Outside of the fast-track process, the IRS generally aims to respond to ruling requests within 180 days of receipt, though more complex issues can take more time.
Common abbreviations the you may encounter for private letter rulings are PLR and LTR, both indicate the same item. A determination letter is similar in purpose and nature to a private letter ruling, except that it is issued by the office of the local IRS district director not the national office of the IRS.
Rev. Proc. 2023-1 retains 2022 user fees (typically, $38,000 for private letter ruling requests; reduced fees of $3,000 and $8,500 for certain ?small? organizations).
A private letter ruling, or PLR, is a written statement issued to a taxpayer that interprets and applies tax laws to the taxpayer's represented set of facts. A PLR is issued in response to a written request submitted by a taxpayer. A PLR may not be relied on as precedent by other taxpayers or by IRS personnel.
Revenue Ruling It is the conclusion of the IRS on how the law is applied to a specific set of facts. Revenue rulings are published in the Internal Revenue Bulletin for the information of and guidance to taxpayers, IRS personnel and tax professionals.