Which One of the Following Statements About Letter Rulings Is

question 58

Multiple Choice

Which one of the following statements about letter rulings is false?

• A)If a taxpayer requests and pays for a ruling, the IRS must respond to his request by issuing a ruling.
• B)A ruling is a response to a taxpayer's specific set of facts.
• C)Rulings become public information.
• D)The IRS issues revenue procedures periodically, which prescribe the information that must be supplied with a ruling request.

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Definitions:

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

Wason Selection Task

A logic puzzle that demonstrates the difficulty people have in testing rules in a rational or logical way, often used in the study of deductive reasoning.

Propositional Rule

A statement in logic that expresses a relationship between concepts through propositions or declarative sentences.

Prefrontal Cortex

The part of the frontal lobes of the brain located at the front of the frontal lobe, involved in complex behaviors such as planning, decision making, and moderating social behavior.