Tax Law Solutions
CHAPTER 2 WORKING WITH THE TAX LAW SOLUTIONS TO PROBLEM MATERIALS
Question/ Problem 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29
Learning Objective LO 1 LO 1 LO 1 LO 1 LO 1 LO 2, 5 LO 1, 2 LO 1, 2 LO 1, 4 LO 1 LO 1, 4 LO 1 LO 1 LO 1 LO 1 LO 1, 5 LO 1 LO 1 LO 1 LO 1 LO 1 LO 1 LO 1, 4 LO 2 LO 2 LO 1, 2 LO 2 LO 2 LO 1, 2
Topic Codifications of the Code Changes in the Code Origination of the tax laws Joint Conference Committee Missing Code section numbers Treaties Regulation citation Regulations Types of Regulations Revenue Ruling citation Authority Citations Using the judicial system Small Cases Division U.S. District Court Judicial alternatives: trial courts U.S. Tax Court Judicial system Respondent Appellate court and fact-finding determination Circuit Court of …show more content…
All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
Working with the Tax Law
2-5
The need to distinguish between these three types of Regulations relates to their validity as a tax law source. pp. 2-26 and 2-27 10. 11. Rev. Rul. 63-144 is the 144th revenue ruling issued during 1963, and it appears on page 129 of Volume 2 of the Cumulative Bulletin in 1963. p. 2-8 The items would probably be ranked as follows (from lowest to highest): (1) (2) (3) (4) (5) (6) Letter ruling (valid only to the taxpayer to whom issued). Proposed Regulation (most courts ignore Proposed Regs.). Revenue Ruling. Interpretive Regulation. Legislative Regulation. Internal Revenue Code.
pp. 2-5 to 2-9, 2-26 to 2-27, and Exhibit 2.1 12. a. A Temporary Regulation, with 1 referring to the type of Regulation (i.e., income tax), 444 is the related Code section number, 2 is the subsection number, and T refers to temporary. Revenue Procedure number 23, appearing on page 609 of Volume 1 of the Cumulative Bulletin issued in 1994. Letter Ruling 48, issued in the 3rd week of 2001.
b.
Question/ Problem 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29
Learning Objective LO 1 LO 1 LO 1 LO 1 LO 1 LO 2, 5 LO 1, 2 LO 1, 2 LO 1, 4 LO 1 LO 1, 4 LO 1 LO 1 LO 1 LO 1 LO 1, 5 LO 1 LO 1 LO 1 LO 1 LO 1 LO 1 LO 1, 4 LO 2 LO 2 LO 1, 2 LO 2 LO 2 LO 1, 2
Topic Codifications of the Code Changes in the Code Origination of the tax laws Joint Conference Committee Missing Code section numbers Treaties Regulation citation Regulations Types of Regulations Revenue Ruling citation Authority Citations Using the judicial system Small Cases Division U.S. District Court Judicial alternatives: trial courts U.S. Tax Court Judicial system Respondent Appellate court and fact-finding determination Circuit Court of …show more content…
All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
Working with the Tax Law
2-5
The need to distinguish between these three types of Regulations relates to their validity as a tax law source. pp. 2-26 and 2-27 10. 11. Rev. Rul. 63-144 is the 144th revenue ruling issued during 1963, and it appears on page 129 of Volume 2 of the Cumulative Bulletin in 1963. p. 2-8 The items would probably be ranked as follows (from lowest to highest): (1) (2) (3) (4) (5) (6) Letter ruling (valid only to the taxpayer to whom issued). Proposed Regulation (most courts ignore Proposed Regs.). Revenue Ruling. Interpretive Regulation. Legislative Regulation. Internal Revenue Code.
pp. 2-5 to 2-9, 2-26 to 2-27, and Exhibit 2.1 12. a. A Temporary Regulation, with 1 referring to the type of Regulation (i.e., income tax), 444 is the related Code section number, 2 is the subsection number, and T refers to temporary. Revenue Procedure number 23, appearing on page 609 of Volume 1 of the Cumulative Bulletin issued in 1994. Letter Ruling 48, issued in the 3rd week of 2001.
b.