1.Discuss the purposes and scope of temporary regulations. 2.Are letter rulings of precedential value to third parties?...

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1. Discuss the purposes and scope of temporary regulations.

2. Are letter rulings of precedential value to third parties?

3. In 1998, Congress passed legislation concerning shifting the burden of proof to the IRS. The taxpayer must introduce "credible evidence" to shift the burden of proof to the IRS. What constitutes "credible evidence"?

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Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

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Posted Date: Mar 10, 2024 02:10 PM

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1.Discuss the purposes and scope of temporary regulations. 2.Are letter rulings of precedential value to third parties?...

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1 Purposes and Scope of Temporary Regulations Temporary regulations are issued by government agencies such as the Internal Revenue Service IRS in the ... View the full answer

Smith and Roberson Business Law

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