Refer to Sec. 385 and answer the questions below. a. Whenever Treasury Regulations are issued under this

Question:

Refer to Sec. 385 and answer the questions below.
a. Whenever Treasury Regulations are issued under this section, what type are they likely to be: legislative or interpretative? Explain.
b. Assume Treasury Regulations under Sec. 385 have been finalized. Will they be relevant to estate tax matters? Explain.