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Retirement tax questions
I do not think PLR's can be used as a precedent and she also says (page 13): "Unfortunately, a PLR
cannot be relied on or cited (by someone other than the person who obtained it) as a binding
legal precedent. § 6110(k)(3)."
Even if the IRS would allow it, the IRA trustee might not be willing to do so and getting your own PLR is very expensive.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
December 16, 2020
7:51 AM