Which of the following statements is true regarding Treasury Regulations? All courts are bound by Treasury Regulations unless the regulation in question is determined to be in conflict with the Code. Treasury Regulations arc official statements of revenue procedures that affect the rights or duties of taxpayers and other members of the public. Interpretive regulations are Treasury Regulations issued under the general mandate of a specific section of the Internal Revenue Code. Temporary regulations explain and define by examples and rules the Commissioner's interpretation of the Code. They are issued only after public hearings are held that allow oral or written comments