Identify Which of the Following Statements Is False

question 24

Multiple Choice

Identify which of the following statements is false.

• A)The IRS issues annually a revenue procedure that prescribes how a letter ruling should be requested and the information to be contained in the ruling request.
• B)The request for a ruling may contain a suggested conclusion (or answer)that the taxpayer proposes that the IRS adopt in the described situation.
• C)As a practical consideration, taxpayers always find it preferable to obtain an advance ruling on questionable tax situations.
• D)Third parties may not cite private letter rulings as authority for the tax consequences of their transactions.

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Definitions:

Human Resources Management

Programs, practices, and systems to acquire, develop, motivate, and retain employees in organizations.

Attitudes and Behaviours

Represents the feelings, beliefs, and actions of individuals towards objects, ideas, or people.

Management Approach

A management approach is a specific way of planning, organizing, leading, and controlling organizational activities to effectively and efficiently reach objectives.

Organizational Behaviour

The study of how individuals and groups interact within organizations and how these interactions affect performance, motivation, job satisfaction, and leadership.