Question: The Internal Revenue Code is the most authoritative source of income tax law. In trying to resolve an income tax question, however, a tax researcher

The Internal Revenue Code is the most authoritative source of income tax law. In trying to resolve an income tax question, however, a tax researcher also consults administrative rulings (Income Tax Regulations, Revenue Rulings, etc.) and court decisions. Why wouldn’t the tax researcher just consult the Code since it is the highest authority? Similarly, why is there a need for administrative rulings and court decisions?

Step by Step Solution

3.37 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Even though the Code is the highest authority of tax law source... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

638-L-B-L-T-L (2425).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!