A recent IRS Letter Ruling follows a trend of saying not much of anything. Our Federal Tax Group gleans meaning from this waning source of information.
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About Jasper L. (Jack) Cummings, Jr.
Jack Cummings is counsel in the Federal Tax Group of Alston & Bird in Raleigh and Washington, D.C. He served as IRS associate chief counsel (corporate) and chair of the Corporate Tax Committee of the ABA Section of Taxation.