Question
1.Discuss the purposes and scope of temporary regulations. 2.Are letter rulings of precedential value to third parties? 3. In 1998, Congress passed legislation concerning shifting
1. Discuss the purposes and scope of temporary regulations.
2. Are letter rulings of precedential value to third parties?
3. In 1998, Congress passed legislation concerning shifting the burden of proof to the IRS. The taxpayer must introduce "credible evidence" to shift the burden of proof to the IRS. What constitutes "credible evidence"?
Step by Step Solution
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Step: 1
1 Purposes and Scope of Temporary Regulations Temporary regulations are issued by government agencies such as the Internal Revenue Service IRS in the ...
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
