Explains to firms clients why it is advisable to file a plr

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Reference no: EM133635867

Problem: Law- Tax

You are a tax accountant in a public accounting firm and the tax partner comes to you with the following request:

Draft a 300 word memo that explains to one of the firm's clients why it is advisable to file a private letter ruling (PLR) request for a proposed transaction that the client is planning to execute. In your memo note the following:

1) procedure for requesting the PLR
2) effect of the PLR on the client
3) benefits for the client associated with obtaining the PLR

Reference no: EM133635867

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