Which of the following is an administrative source of the Federal tak law issued by the IRS? O court rulings O Internal Revenue Code O tax treaties O revenue rulings O none of the above
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- Which of the following is a responsibility of a local office of the IRS? Advising the Treasury Department on legislation Intelligence operations Appellate procedures Developing IRS rules and regulations None of the aboveWhich is not a primary source of tax law? A. Tax Court Case O B. All of these are. C. Proposed Regulation O D. Revenue Ruling E. None of these are. OF. IRS NoticeIN Rul. 60-314 What is the tax issue addressed by the IRS? What code section is being addressed in this revenue ruling?
- An official IRS statement issued by the National Office that provides an interpreation of how the tax law applies to a hypothetical fact scenario is: A. Revenue Ruling B. Field Service Advice C. Private Letter Ruling D. Technical Advice MemorandumThe following are released for general informational purposes and not binding on the IRS: a. Information Letters b. Regulations c. IRS Publications d. Two of the aboveDescribe what the IRS means by “both ordinary and necessary.”
- Which of the following is a compliance tool the IRS utilizes to address the tax gap? Compliance checks. Correspondence examinations. Discovery services. Processing and investigating unsolicited amended returns.The power to tax is provided for by the Constitution, the National Internal Revenue Code, Special Laws, and administrative revenue issuances. Group of answer choices True FalseIn general, the answer to all tax questions or issues must be traced to: A. Supreme Court Decision B. an IRS letter ruling C. a tax text book D. the Internal Revenue Code
- Which of the following is the highest authority for resolving federal tax cases? O US Supreme Court US Tax Court O US Court of Appeals OIRSWhat is the jurisdiction of the Commissioner of Internal Revenue as regards the interpretation of Tax Laws? Group of answer choices Concurrent Original Concurrent Appellate Exclusive Appellate Exclusive OriginalWhich reference material is classified as a primary “authoritative” source? Treasury Regulations Federal Tax Handbook Internal Revenue Code Private Letter Rulings