Estate Planning with Prepaid Tuition

[Guest Dale]

Does anyone know the Letter Ruling Number of the situation sited in the Oct 27th Wall Street Journal "Tax Matters" where a grandmother paid $163,000 in prepaid tuition for her grandchildren? The amount was non-refundable and was not considered a gift since it was classified as tuition.

[Guest BobParks]

IRS Letter Ruling 199941013