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Tax Administration: IRS: Resource Issues Lead to Constraint On International Private Letter Rulings

The Internal Revenue Service is “thinking more critically” about which requests for private letter rulings it will accept in the international area and the number it takes will likely be reduced, an agency official said.
The IRS's Office of Associate Chief Counsel (International) is facing major resource constraints and will have to be more picky, Anne Devereaux, deputy associate chief counsel (international field service & litigation), said Dec. 13.
“We have to take it on a case-by-case basis,” she said, speaking to Bloomberg BNA following a panel discussion at an international tax conference where she announced the new approach. “That's scary for some people, but right now it's the only way that makes sense.”

For the story, go here. (subscription required)

By Bennett, Alison, posted on Friday December 13, 2013
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