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5. Which of the following is the most authoritative source of tax law? A. Income Tax Regulations. B. Internal Revenue Code. C. Letter Rulings. 6.

5. Which of the following is the most authoritative source of tax law?

A. Income Tax Regulations.

B. Internal Revenue Code.

C. Letter Rulings.

6. Flow-through entities are unique in that they pay tax at the entity level and at the individual level as a result of the flow-through to the individuals income tax return.

True

False

D. Revenue Procedures.

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