QUESTION 5 In researching an issue for a client, Associate Andrea finds that a different taxpayer has received a private letter ruling that contains legal analysis that is helpful for the client. Which of the following statement is accurate? O a. While the private letter ruling is not precedential, it may be helpful as provides general information as to the IRS's position with respect to a particular issue. O b. While not precedential, the IRS is bound to apply the same legal reasoning in the letter ruling if it chooses to issue guidance in the form of regulations or a revenue ruling. OC So long as the client's facts are the substantially the same as the facts as set forth in the private letter ruling Andrea's client should be entitled to rely on the private letter ruling. Od. Because private letter rulings are not precedential Andrea should disregard its analysis