TechnicalAdviceMemoranda. GeneralCounselMemorandum. Alloftheaboveareadministrativesources. e ANSWER: Whichofthefollowingsourceshasthehighesttaxvalidity? RevenueRuling. RevenueProcedure. Regulations. InternalRevenueCodesection. Noneoftheabove. d ANSWER: WhichofthefollowingtypesofRegulationshasthehighesttaxvalidity? Temporary. Legislative. Interpretive. Procedural. Noneoftheabove. b ANSWER: WhichstatementisnottruewithrespecttoaRegulationthatinterpretsthetaxlaw? IssuedbytheU.S.Congress. IssuedbytheU.S.TreasuryDepartment. Designedtoprovideaninterpretationofthetaxlaw. CarriesmorelegalforcethanaRevenueRuling. Alloftheabovestatementsaretrue. a ANSWER: RATIONALE:TreasuryRegulationsareissuedbytheU.S.TreasuryDepartment. InaddressingtheimportanceofaRegulation,anIRSagentmust: GiveequalweighttotheCodeandtheRegulations. GivemoreweighttotheCoderatherthantoaRegulation. GivemoreweighttotheRegulationratherthantotheCode. GivelessweighttotheCoderatherthantoaRegulation. Noneoftheabove. a ANSWER: Whichitemmaynotbecitedasaprecedent? Regulations. TemporaryRegulations.
TechnicalAdviceMemoranda. GeneralCounselMemorandum. Alloftheaboveareadministrativesources. ANSWER: e Whichofthefollowingsourceshasthehighesttaxvalidity? RevenueRuling. RevenueProcedure. Regulations. InternalRevenueCodesection. Noneoftheabove. ANSWER: d WhichofthefollowingtypesofRegulationshasthehighesttaxvalidity? Temporary. Legislative. Interpretive. Procedural. Noneoftheabove. ANSWER: b WhichstatementisnottruewithrespecttoaRegulationthatinterpretsthetaxlaw? IssuedbytheU.S.Congress. IssuedbytheU.S.TreasuryDepartment. Designedtoprovideaninterpretationofthetaxlaw. CarriesmorelegalforcethanaRevenueRuling. Alloftheabovestatementsaretrue. ANSWER: a RATIONALE:TreasuryRegulationsareissuedbytheU.S.TreasuryDepartment. InaddressingtheimportanceofaRegulation,anIRSagentmust: GiveequalweighttotheCodeandtheRegulations. GivemoreweighttotheCoderatherthantoaRegulation. GivemoreweighttotheRegulationratherthantotheCode. GivelessweighttotheCoderatherthantoaRegulation. Noneoftheabove. ANSWER: a Whichitemmaynotbecitedasaprecedent? Regulations. TemporaryRegulations.