Authoritative Hierarchy

Question 1

Treasury Regulations

Answer 1

have the most weight in interpreting the IRS Code. Regulations are the interpretation of the Code by the government department responsible for administering the income tax laws

Question 2

Revenue Rulings

Answer 2

are the second most important source of administrative law. Revenue Rulings are interpreted as the position of the IRS. They are much easier to challenge in court than Treasury Regulations

Question 3

Revenue Procedures

Answer 3

are often administrative in nature, such as announcing the adjustments for inflation for tax brackets, personal exemptions, and standard mileage rates

Question 4

Letter Rulings

Answer 4

are issued in response to a request from a taxpayer for a ruling on his or her personal tax situation

Question 5

The Internal Revenue Code

Answer 5

is the most authoritative source when conducting tax research