Day: November 20, 2015

  In this episode of our podcast, Parental Advisory, we discuss the advantages and disadvantages of the curious tax procedure know as an IRS private letter ruling.     What is a private letter ruling?   A taxpayer requested private letter ruling (PLR), per the IRS, is "a written statement issued to a taxpayer that interprets and … Read more

UPDATE 11/24/2015: Privatbank IHAG Zürich AG (IHAG) has also reached a resolution under the department’s Swiss Bank Program. If our posts feel a little bit like déjà vu, there may be a reason. On Tuesday, we wrote how the IRS had added three more Swiss banks to the Foreign Bank …