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2. J.P. Foster engages you to pursue a private letter ruling with respect to a transaction that he contemplates entering. After some consultation with

2. J.P. Foster engages you to pursue a private letter ruling with respect to a transaction that he contemplates entering. After some consultation with wathe IRS Associate Chief Counsel, it appears that J.P. will not receive a bin favorable ruling. What do you advise J.P. with respect to his compliance la requirements? 10 to 29.de

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