Priv. Ltr. Rul. 201135022 (May 20, 2011)

(revocation of PLR 201005014 (Feb. 5, 2010) and substitution of present letter ruling with no retroactive effect; prior letter ruling had concluded that the value of certain items of clothing and accessories that taxpayer provided to employees were excluded from gross income as deminimis fringe benefits under I.R.C. Sec. 132(a)(4)).