Which of the Following Is/are Not a Primary Source of Authority

question 9

Multiple Choice

Which of the following is/are not a primary source of authority for the tax law?

• A) A revenue ruling published by the Internal Revenue Service
• B) Section 162 of the Internal Revenue Code
• C) Treasury Reg. §1.351-2
• D) All of these choices are primary sources of authority

---

Definitions:

Receives $100

This phrase typically refers to an individual or entity obtaining a sum of $100, often in a transaction, payment, or monetary gift.

High-value Bidders

Individuals or entities willing to offer significantly higher prices in auctions, typically due to the perceived value of the item or contract.

Low-value Bidders

Participants in an auction or competitive process who offer significantly lower bids compared to others.

Bid-rigging Cartel

A group of firms that illegally coordinate their bids to control market prices and eliminate competition in auctions or tender processes.