Approaching Tax Guidance And Step Transaction
Benjamin M. Willis, contributing editor with Tax Notes Federal, and William D. Alexander, of counsel of tax at Skadden, Arps, Slate, Meagher & Flom LLP, discuss tax guidance and step transaction.
Here are a few highlights …
On the IRS’s private letter ruling program
William Alexander: [PLRs are] not as efficient as writing regulations or revenue rulings because it’s one taxpayer at a time…
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