IRS Issues Private Letter Ruling Covering Valid ‘See-Through Trust’

The Internal Revenue Service May 17 released a private letter ruling on what constitutes a valid “see-through trust.”

The document numbers assigned by IRS to its private letter rulings are composed of three groups of numbers: the first four numbers represent the year; the second group of numbers represents the week in which the document was released; the last three numbers indicate its position in the series of rulings issued that week. For example, PLR 201348023 would be the 23rd ruling of the 48th week of 2013.

IRS cautions that each ruling is directed only to the taxpayer who ...