Identify Which of the Following Statements Is False

question 58

Multiple Choice

Identify which of the following statements is false.

• A)The acquiescence policy was adopted by the U.S. Tax Court to permit litigating parties to agree on the exact amount of the tax due.
• B)Letter rulings are binding only with respect to the taxpayer requesting the ruling.
• C)The small cases procedure of the U.S. Tax Court allows a less formal hearing but provides for no appeal.
• D)The IRS may retroactively revoke an acquiescence.

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Definitions:

Skating

The action or activity of gliding on skates, which may refer to ice skates, roller skates, or skateboards.

Negative Attitudes

Predispositions or tendencies to evaluate an individual, group, or issue in an adverse or unfavorable manner.

Prejudice

Unfavorable attitude toward members of certain groups outside one’s own, especially racial or ethnic groups.

Discrimination

Unjust or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, or sex.