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IRS Revenue Rulings have more legal authority than the Internal Revenue Code (statute). T or F? Letter Rulings have less legal authority than the Internal

IRS Revenue Rulings have more legal authority than the Internal Revenue Code (statute). T or F?

Letter Rulings have less legal authority than the Internal Revenue Code. T or F?

The full value of prizes and awards must be included in gross income, unless a particular exception applies. T or F

A taxpayer would use the standard deduction from Adjusted Gross Income if his or her itemized deductions would not exceed the amount of the standard deduction. T or F?

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