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February 3, 2024

You are a tax accountant in a public accounting firm and the tax partner comes to you with the following request: Please draft a 300 word memo that explains to one of the firm

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

Please 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:

procedure for requesting the PLR
effect of the PLR on the client
benefits for the client associated with obtaining the PLR

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