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Simple English definitions for legal terms

General Counsel's Memorandum

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A quick definition of General Counsel's Memorandum:

General Counsel's Memorandum: A document written by the IRS's Chief Counsel's office that explains the legal issues related to tax law or clarifies the IRS's position on revenue rulings and technical advice memorandums.

A more thorough explanation:

A General Counsel's Memorandum is a written document that discusses a legal issue related to tax law. It is issued by the office of the Chief Counsel of the Internal Revenue Service (IRS). The memorandum provides an explanation of the IRS's position on a particular issue and can be used as guidance for taxpayers and tax professionals.

Example 1: The IRS issues a General Counsel's Memorandum discussing the tax implications of cryptocurrency transactions. The memorandum provides guidance on how taxpayers should report their cryptocurrency transactions on their tax returns.

Example 2: The IRS issues a General Counsel's Memorandum explaining its position on a revenue ruling related to the tax treatment of a specific type of investment. The memorandum provides additional clarification and guidance on how the ruling should be applied.

These examples illustrate how a General Counsel's Memorandum can provide guidance and clarification on complex tax issues. The memorandum can help taxpayers and tax professionals understand the IRS's position on a particular issue and ensure that they are complying with tax laws and regulations.

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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