true or false questions, I need reason if false. 1. This citation, §1272(a)(2)(E
ID: 2420802 • Letter: T
Question
true or false questions, I need reason if false.
1. This citation, §1272(a)(2)(E)(iii), is interpreted as Section 1272 of the Internal Revenue Code of 1986, subsection a, paragraph 2, subparagraph E, clause iii.
2. With regard to the citation given in question 3.c. above, the understood but unspoken organizational hierarchy overhead associated with that citation is as follows: Title 26; Subtitle A; Chapter 1; Subchapter P; Part V (i.e., Roman numeral V); Subpart A.
3. Administrative sources of the law clarify the Code and are issued by either the Treasury Department or the Internal Revenue Service.
4. Regulations are issued by the Treasury Department in proposed, temporary, or final form and may be classified as legislative, interpretive, or procedural.
5. Each of the different types of Regulations is published in the Federal Register as a Treasury Decision.
6. A Regulation clarifying §267 of the Code, a section dealing with an individual income tax matter, would be cited, at least in part, as Reg. §20.267.
7.Proposed Regulations are simultaneously issued as Temporary Regulations.
8.egislative Regulations are promulgated by Congress and as such carry greater authority than Interpretive Regulations that in turn carry greater authority than Procedural Regulations.
9.Since Interpretive Regulations merely reprint or rephrase Congress’ committee reports, they are almost impossible to overturn.
10 .The phrase "Treasury Decisions" is strictly synonymous with the phrase "Final Regulations".
Explanation / Answer
1. The gven statement is true. Citation, §1272(a)(2)(E)(iii), is interpreted as Section 1272 of the Internal Revenue Code of 1986, subsection a, paragraph 2, subparagraph E, clause iii.
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