Which of the following sources has the highest tax validity?
a. Revenue Ruling
b. Revenue Procedure
c. Regulations
d. Internal Revenue Code section
e. None of these
Answer: d
Which of the following sources has the highest tax validity? a. Revenue Ruling b. Revenue Procedure...
List the following sources in the order of their highest tax validity. (One having the highest validity) Revenue Rulings, Technical Advice Memoranda, Regulations, Internal Revenue Code sections
which statements is not true about tax law sources? a. The Internal Revenue Code serves as the highest legislative authority for tax research, planning and compliance activities. b. Administrative tax law sources include regulations and revenue rulings. C. A taxpayer can choose any trial court and be assured that the ruling will be the same for all taxpayers with the same fact situation. d. A Tax Court Regular decision has the same authoritative weight as a Memo decision. e. None
Which of the following has the highest authoritative weight? A. Internal Revenue Code B. Regulation C. Revenue Ruling D. Revenue Procedure E. Private Letter Ruling
With regard to revenue rulings and revenue procedures, which of the following statements is false? A. A revenue ruling is a published official interpretation of tax law by the IRS that sets forth the conclusion of the IRS on how the tax law is applied to an entire set of facts. B. Revenue procedures do not have the force of law, but they may be cited as precedent. C. Revenue rulings have the force and effect of Treasury Regulations. D....
Which of the following has the highest authoritative weight? 11 Ο Private letter ruling, 00:48:45 Ο Action on decision. Ο Revenue ruling. Ο Revenue procedure. Ο Legislative regulation. < Prev 11 of 20 Next >
1. Which of the following is true of the Internal Revenue Code of 1986? a. It includes statutes and regulations. b. It has not been changed since 1986. c. Each Code section has a number that is unique from others. d. More than one is true. 2. Which of the following is not true of the Treasury Regulations? a. They are an official interpretation of the statute by the Treasury Department. b. They are organized by Code Section numbers. c....
Which, if any, of the following statements is not accurate? a. Every Code section has a treasury regulation. b. The current Code is the 1986 Code, as amended. c. Code sections inserted between consecutive existing section numbers are indicated by adding a capital letter to the Section number (for example Section 2032A). d. None of the statements is accurate. 2. If any differences exist between the House of Representatives and the Senate passed versions of a tax bill, then a....
Which of the following sources of investment income has the highest marginal tax rate for an individual? a. Interest from a savings account b. Long-term capital gains c. Interest from a municipal bond d. Dividends
12. Which of the following is an administrative source of tax law? a. Rev. Rul. 2010-19. b. Joint Conference Committee Report. c. Section 12(a) of the Internal Revenue Code. d. All of these.. e. None of these.
Question 9 (6 points) For each of the following tax sources, indicate whether the source is Primary Legislative authority, Primary Administrative authority, Primary Judicial authority. or a Secondary Source. Tax source responses can be used more than once. Each response is worth 1 point. Final Treasury Regulations Your tax textbook 1. Primary - Legislative House Ways and Means Committee Report 2. Primary - Administrative Internal Revenue Code Section 3. Primary - Judicial 4. Secondary Source 8th Circuit Court of Appeals...