@mark-makuch wrote:
.....the IRS has checked and realized they had never specified it and so they have now issued Revenue Ruling 69-184.....
They have "now issued"? You do realize that the "69" in the revenue ruling stands for 1969, correct?
Further, there is the following treasury regulation through which you might want to read.
https://www.law.cornell.edu/cfr/text/26/301.7701-2
I am not sure about anyone else, but I am not going to apologize for stating a long-standing rule of tax law.
