Which Is a Primary Source of Tax Law

question 27

Multiple Choice

Which is a primary source of tax law?

• A)Serverino R.Nico, Jr., 67 T.C.647 (1977).
• B)Article by a Federal judge in Tax Notes.
• C)An IRS publication.
• D)Written determination letter.
• E)All of these are primary sources.

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Definitions:

Business Transactions

Financial activities that impact a company's financial standing and are documented in its financial records.

Increase

An upward movement in quantity, size, value, or any other measure, indicating growth.

Decrease

A reduction in size, quantity, or degree of something.

Accrual Accounting

An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.