Short Answer 16. List the three sources of tax law. Provide a brief statement ab

Question

Short Answer 16. List the three sources of tax law. Provide a brief statement about each. 17. If a taxpayer has a disagreement with the IRS and has exhausted all administrative 18. In the question above, explain the differences between the courts with respect to: 19. Name two on-line tax research sites/software (other than CCH) and provide the web info 20. How do you access CCH via the WPU web page? Provide a copy of the home page. efforts, which courts of original jurisdiction will hear his case? (list all) payment of deficiency before trial, jury trial and types of disputes. to access each. Include a copy of the home page of each.

Explanation / Answer

16. The three sources of tax law are –

(i) Statutory Authority – This consists of the Internal Revenue Code (IRC) and the tax legislative process. IRC is the statutory foundation of all federal tax authority and has been consolidated into Title 26 of the United States Code.

The tax legislative process is the process of passing a bill by both the House as well as the Senate and then being sent to the President for his/her veto or approval.

(ii) Administrative Authority – This consists of treasury regulations, revenue rulings, revenue procedures, private letter rulings, general counsel memorandums and internal revenue manual.

(iii) Judicial Authority – This comes into picture when statutory or administrative authority is unable to resolve a tax problem. The federal courts involved are – tax court, U.S. District court, U.S. Claims court, U.S. Circuit Courts of Appeal, U.S. Courts of Appeal for the Federal Circuit, U.S. Supreme Court.

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.