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:

Superabundance of Ambiguous Laws

A situation where there is an excessive number of laws that are unclear or open to interpretation, leading to legal confusion.

Government Activity

Actions undertaken by a government body in the execution of its duties and responsibilities.

Official Deviants

Individuals who have been formally labeled or recognized by societal or legal authorities as deviating from social norms or expectations.

Avoid Responsibility

The act of evading duties or obligations one is expected to fulfill.