Question

Which one of the following is not a primary authority of tax law?

A) Code § 1245(b)(3)
B) Regulations § l.47-3(f)(2)
C) May v. U.S., 81-1 USTC )[9286, 47 AFTR2d 81-1124, 644 F.2d 578 (CA-6, 1981)
D) Bailey, "Using Voting Preferred Stock to Avoid CFC Status," The International Tax Journal 2 (January 1976) pp. 101-13
E) Revenue Rul. 80-219, 1980-2 C.B. 18

Answer 1

Ans. D

The statutory law and its official interpretations constitute the primary authorities of tax law. Secondary authorities of tax law consist mainly of books,periodicals,articles,newsletters and editorial judgments in tax services . Secondary authorities are merely opinions and have no legal authority.