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Exam 4: Administrative Regulations and Rulings

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Question 1

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The courts may invalidate IRS Regulations if they are found to conflict with the Code.

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Question 2

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Which of the following IRS pronouncements has the highest weight of authority?

A) IRS Revenue Rulings
B) IRS Taxpayer Publications
C) IRS Announcements
D) All of these IRS pronouncements have equal weight of authority.

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Question 3

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The IRS, under no circumstances, has the authority to decline to issue Letter Rulings.

Compare and contrast IRS Proposed Regulations, IRS Temporary Regulations, and IRS Final Regulations. Explain the weight of authority and citations for each type of regulation.

Treasury Decisions are published first, officially, in:

An IRS Technical Advice Memorandum applies strictly to the taxpayer for whose audit it was requested and cannot be relied upon by other taxpayers.

The IRS issues General Regulations under the general authority granted to the IRS to interpret the language of the Code, usually under a specific Code (or committee report) directive of Congress.

Regulations may have retroactive effect in which of the following circumstances:

Which of the following Regulations deals with estate taxes?

The IRS's official publication for its pronouncements is the Internal Revenue Manual.

The IRS disclaims responsibility for damages that a taxpayer may suffer in erroneously relying on its taxpayer publications.

The U.S. Treasury Department is a part of the Internal Revenue Service.

Field Service Advice (FSAs) are binding guidance provided by the IRS National Office to IRS service centers.

IRS publications are published in the monthly Internal Revenue Bulletin as well as on the IRS website.

Which statement is INCORRECT regarding Proposed Regulations?

Which of the following IRS pronouncement citations is INCORRECT?

Describe the Internal Revenue Bulletin and identify the types of documents published in the Bulletin. Explain when it is published and the citations used to reference the Bulletin.

T.D. 9479 refers to a Treasury Determination letter.

Both Revenue Rulings and Letter Rulings have the same precedential value as far as authority in tax matters is concerned.

Technical Advice Memoranda are issued in response to a request by an IRS agent.