The Difference Between Regulations and Revenue Rulings Is That

question 25

Multiple Choice

The difference between regulations and revenue rulings is that

• A)Revenue rulings are not limited to a given set of facts and regulations are limited.
• B)Revenue rulings are the direct law-making powers of Congress and regulations are not.
• C)Rulings require approval by the Secretary of the Treasury; regulations do not.
• D)Revenue rulings do not have the authority of regulations; regulations are a direct extension of the law-making powers of Congress.
• E)Only regulations are official pronouncements of the National Office of the IRS.

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Definitions:

Order Of Birth

The sequence in which children are born into a family, which can influence their personality, behavior, and relationships.

Competitive

Having a strong desire to be more successful than others, often characterized by pursuits where winning is the primary objective.

Ambitious

Having a strong desire for success or achievement, often requiring determination and hard work.

Dethronement

A psychological phenomenon that occurs when a child loses their exclusive attention due to the arrival of a sibling, impacting their behavior and development.