11614 DISCUSSION QUESTIONS pl 1. Tom Taxpayer meets with his CPA about a potential transaction. At the bs meeting Tom Taxpayer presents the CPA with a private letter ruling that ed New is directly on point to his potential transaction. Can Tom Taxpayer rely on the private letter ruling if he is later audited with respect to the return filed for the year in which he enters the transaction? How would answer change if Tom Taxpayer provided a Revenue Ruling directly on blod blan gy point? your letter ruling with respect to a