A Revenue Ruling Is Issued by the Internal Revenue Service

question 48

True/False

A revenue ruling is issued by the Internal Revenue Service only in response to a verbal inquiry by a taxpayer.

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Definitions:

Contract

A legally enforceable agreement between two or more parties that creates mutual obligations enforceable by law.

Breach

The violation or non-fulfillment of a legal obligation, contract, duty, or standard.

Recover

Refers to the process of getting back lost or inaccessible data or functions from damaged or failed hardware or software.

Construction

A process of building, engineering, or assembling infrastructure and buildings.