False ANSWER: correct subchapter for Distributions and Adjustments” is Subchapter C. RATIONALE:The “Corporate Regulationsaregenerallyissuedimmediatelyafterastatuteisenacted. True False False ANSWER: TemporaryRegulationsareonlypublishedintheInternalRevenueBulletin. True ANSWER: RATIONALE:TheyarepublishedintheFederalRegisterandtheInternalRevenueBulletin. RevenueRulingsissuedbytheNationalOfficeoftheIRScarrythesamelegalforceandeffectasRegulations. True False False ANSWER: RATIONALE:TheydonotcontainthesamelegalforceasRegulations.Thatis,thelegalforceisless. ARevenueRulingisajudicialsourceofFederaltaxlaw. True False False ANSWER: RATIONALE:ARevenueRulingisanadministrativesource. Thefollowingcitationcanbeacorrectcitation:Rev.Rul.95-271,1995-64I.R.B.18. True False False ANSWER: RevenueProceduresdealwiththeinternalmanagementpracticesandproceduresoftheIRS. True False True ANSWER:
ANSWER: False RATIONALE:The correct subchapter for “Corporate Distributions and Adjustments” is Subchapter C. Regulationsaregenerallyissuedimmediatelyafterastatuteisenacted. True False ANSWER: False TemporaryRegulationsareonlypublishedintheInternalRevenueBulletin. True ANSWER: RATIONALE:TheyarepublishedintheFederalRegisterandtheInternalRevenueBulletin. RevenueRulingsissuedbytheNationalOfficeoftheIRScarrythesamelegalforceandeffectasRegulations. True False ANSWER: False RATIONALE:TheydonotcontainthesamelegalforceasRegulations.Thatis,thelegalforceisless. ARevenueRulingisajudicialsourceofFederaltaxlaw. True False ANSWER: False RATIONALE:ARevenueRulingisanadministrativesource. Thefollowingcitationcanbeacorrectcitation:Rev.Rul.95-271,1995-64I.R.B.18. True False ANSWER: False RevenueProceduresdealwiththeinternalmanagementpracticesandproceduresoftheIRS. True False ANSWER: True
Testbank-for-South-Western-Federal-Taxation-2015-Comprehensive-38th-Edition-by-William-H-Hoffman-Jr-.docx