[ANSWERED] 1. Using IRS Rulings. Locate PLR 8733007 and Rev. Rul. 81-219. a. Briefly summarize the tax issue…

1. Using IRS Rulings. Locate PLR 8733007 and Rev. Rul.
81-219.
a. Briefly summarize the tax issue and conclusion of each
ruling.
b. Under what circumstances can a researcher rely on the
private letter ruling?
c. Under what circumstances can a researcher rely on the
revenue ruling?
2. Using Treasury pronouncements. Which IRC section(s) does
Rev. Rul. 2001 -29 interpret? Hint: consult the official pronouncement of the
IRS