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:

Occupational Status

The position or rank of an individual's job within the hierarchy of a profession or society.

Alcoholism

A chronic disease characterized by uncontrolled drinking and preoccupation with alcohol, negatively affecting social and health aspects.

Maladaptive

Behaviors or actions that are counterproductive to coping with problems or situations effectively, often worsening the situation.

Medical Model

The medical model is an approach to health which focuses on illness or disability as a problem of the body, requiring medical intervention.