A Private Letter Ruling:

Question $18$ options:

a$)$

is a District Director's response to a taxpayer's query regarding the tax consequences of a specific transaction or event.

b$)$

is a response to a specific taxpayer's request for an official IRS interpretation of a tax law provision as applied to the taxpayer's given fact situation.

c$)$

is issued in response to a question that arises during an audit.

d$)$

None of the above.