Complete the following requirements: Describe the components of the common body of tax law (CBOTL). Include in your response answers to the following questions:

* What role does the U.S. Congress play in creating the tax law? Briefly explain how a tax bill becomes a tax law.
* What role does the Internal Revenue Service play in interpreting, and providing guidance on, the tax law? What types of tax law guidance are published by the IRS?

Answer rating: 100% (QA)

The Common Body of Tax Law CBOTL refers to the body of statutory and regulatory tax laws that apply to all taxpayers in the United States It includes provisions from the Internal Revenue Code IRC and ... View the full answer