Quick Finance Tip - Revenue Rulings and Revenue Procedures In Less Than 70 Words

​Revenue Rulings are issued by the National Office of the IRS; provides specific inter-operations in applying the general Code; has less legal forces than regulations. Revenue Procedures are more concerned with the internal management practices and procedures of the IRS, are issued similarly to Revenue Rulings. Revenue Rulings will carry less weight or confirmation than regulations and are not substantial when in front of the authority for court disputes.