Rank the following items from the lowest to the highest authority in the Federal tax law system.
Question:
a. Interpretive Regulation.
b. Legislative Regulation.
c. Letter ruling.
d. Revenue Ruling.
e. Internal Revenue Code.
f. Proposed Regulation.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
The items would probably be ranked as follows from lowe...View the full answer
Answered By
Vivek Kumar
Hi. I am Postgraduate in Chemistry (2012) with First class degree.
Expert in time bound exam assignment and quizzes. Did for many students
Seasoned online chemistry Tutor with 4 years of experience in tutoring across the globe.
Students loves my lessons and i get lots of appreciations and complements. I teach every part of chemistry ranging from Physical chemistry to Medicinal chemistry.
If you ask me speciality, i would say Organic chemistry, Spectroscopy (MS, NMR IR and UV etc) and Physical chemistry.
I am also tutoring maths.
I believe teaching in an art. Not every student is same and so the subject. Therefore it is the responsibility of Tutor to use that art to help students and make the subject interesting.
Thank You. Keep Smiling and keep learning
0.00
0 Reviews
10+ Question Solved
Related Book For
South Western Federal Taxation Individual Income Taxes 2017
ISBN: 9781305873988
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen
Question Posted:
Students also viewed these Business Law questions
-
Classify each of the following items from National Beverage Corp.s statement of cash flows as a source or use of cash, and identify the section of the statement that each appearedin. Source or...
-
Gaskin Company derives the following items from its adjusted trial balance as of December 31, 2016: The following additional information is also available. The December 31, 2016, ending inventory is...
-
Carmine was allocated the following items from the Piccolo LLC for last year: Ordinary business loss Non-deductible penalties Tax-exempt interest income Short-term capital gain Cash distributions...
-
Calculate the realized compound yield for a 10 percent bond with 20 years to maturity and an expected reinvestment rate of 8 percent.
-
IT governance has become a hot topic in recent years. Using the governance framework shown in exhibit 3-4, customize each of the components to describe how they might specifically relate to governing...
-
(a) What evokes consumers engagement on a brand page on Facebook? (b) What attracts consumers to like a brand page on Facebook?
-
In his 1865 science fiction novel From the Earth to the Moon, Jules Verne described how three astronauts are shot to the Moon by means of a huge gun. According to Verne, the aluminum capsule...
-
Calculating Costs of Issuing Stock Video Games, Inc. with the help of its investment bank recently issued 10.15 million shares of new stock. The offer price on the stock was $48.25 per share and...
-
Obtain v 1 through v 3 in the circuit of Fig. 2.81. + 1 - ww "2 24 V V3 +) 10 V 12 V +
-
Distinguish between the following. a. Treasury Regulations and Revenue Rulings. b. Revenue Rulings and Revenue Procedures. c. Revenue Rulings and letter rulings. d. Letter rulings and determination...
-
Explain how tax Regulations are arranged. How would the following Regulations be cited? a. Final Regulations under 152. b. Proposed Regulations under 274. c. Temporary Regulations under 163.
-
Fill in each blank so that the resulting statement is true. The most efficient technique for solving x 2 + 5x - 10 = 0 is by using_____ .
-
Use least square regression to fit a straight line to the following data taken from the conductance (S/m) of a material with respect to temperature (C) of a composite material used to absorb heat....
-
A pile group consists of nine friction piles in clay soil (see Figure 10-40). The diameter of each pile is 16 in., and the embedded length is 30 ft each. Center-to-center pile spacing is 4 ft. Soil...
-
The rigid bar EBC is supported by two links AB and CD as shown in Figure 1. The Link AB is made of aluminum (E = 70 GPa) and the link CD is made of steel (E = 200 GPa). Both links have a Width = 30...
-
a well-insulated storage tank was pressurized under ideal gas conditions by air flowing into the tank. We used the first law to estimate the final temperature of the gas in the tank, Tf,tank- = We...
-
Transportation of natural gas is commonly done via pipelinesacross long distances. A company uses a 0.6-m diameter pipe totransport natural gas. Then pumping stations are located atdifferent points...
-
For each of the ethical situations listed below, indicate (1) whether or not a rule of profes- sional conduct has been violated and (2) which rule has been violated (if your answer to (1), above, is...
-
What do you think?
-
With regard to Exercise 10.9, suppose that the mean of X was 15.6 and the mean of Y was 23.8. What would happen to the slope and intercept if we subtracted 10 points from every Y?
-
If a taxpayer sells property for cash, the amount realized consists of the net proceeds from the sale. For each of the following, indicate the effect on the amount realized: a. The property is sold...
-
Sheila sells land to Elane, her sister, for the fair market value of $40,000. Six months later when the land is worth $45,000, Elane gives it to Jacob, her son. (No gift tax resulted.) Shortly...
-
Abby's home had a basis of $360,000 ($160,000 attributable to the land) and a fair market value of $340,000 ($155,000 attributable to the land) when she converted 70% of it to business use by opening...
-
When credit terms for a sale are 2/15, n/40, the customer saves by paying early. What percent (rounded) would this savings amount to on an annual basis
-
An industrial robot that is depreciated by the MACRS method has B = $60,000 and a 5-year depreciable life. If the depreciation charge in year 3 is $8,640, the salvage value that was used in the...
-
What determines a firm's beta? Should firm management make changes to its beta? Be sure to consider the implications for the firm's investors using CAPM.
Study smarter with the SolutionInn App