Which of the Following Is Correct with Respect to Private

Multiple Choice

Which of the following is correct with respect to Private Letter Rulings?

A) Issued when a taxpayer wants to know the tax treatment of a specific tax situation.
B) Can be relied upon by all taxpayers in a similar tax situation.
C) Provides tax authority only to the taxpayer to whom it is issued.
D) Both issued when a taxpayer wants to know the tax treatment of a specific tax situation and provides tax authority only to the taxpayer to whom it is issued.