9. Which of the following statements about Treasury Regulations is FAL SE? A) Treasury regulations are written to interpret and explain the Internal Revenue Code. B) Treasury regulations are part of the statutory law. C) A federal court can invalidate a Treasury regulation if the court concludes that the regulation incorrectly interprets the Internal Revenue Code. D) None of the above is false. 10. TRUE or FALSE? Start-up losses of a new business operation can generate immediate tax savings if the business is operated as a C Corporation