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Revenue Ruling.An official interpretation by the IRS of the proper application of the tax law to a specific transaction. • Revenue Rulings carry some authoritative weight and may be relied on by the taxpayer who requested the ruling. — Abbr. Rev. Rul. [Cases: Internal Revenue 3043, 3049.] [Blacks Law 8th]

Revenue Procedure.An official statement by the IRS regarding the administration and procedures of the tax laws. — Abbr. Rev. Proc. [Cases: Internal Revenue 3048.] [Blacks Law 8th]

revenue bond.See BOND(3). [Blacks Law 8th]

revenue bill.See BILL(3). [Blacks Law 8th]

revenue agent’s report.A report indicating any adjustments made to a tax return as a result of an IRS audit. • After an audit, this report is mailed to the taxpayer along with a thirty-day letter. — Abbr. RAR. See THIRTY-DAY LETTER . [Blacks Law 8th]

revenue. Gross income or receipts. general revenue.The income stream from which a state or municipality pays its obligations unless a law calls for payment from a special fund. See general fund under FUND(1). [Cases: Municipal Corporations 886; States 126. C.J.S. Municipal Corporations § 1627; States § 228.] land revenue.Revenue derived from lands owned by the…

revendicatory action.See petitory action under ACTION(4). [Blacks Law 8th]

revendication,n.1. The recovery or claiming back of something by a formal claim or demand. 2.Civil law. An action to recover real rights in and possession of property that is wrongfully held by another. • This is analogous to the common-law replevin. [Cases: Replevin 1. C.J.S. Replevin §§ 2–7.] — revendicate,vb. [Blacks Law 8th]

reve (reev).Hist. The bailiff of a franchise or manor. See REEVE. [Blacks Law 8th]

rev’d.abbr.Reversed. [Blacks Law 8th]