Carey Was Researching a Tax Issue and Located What Appears

question 88

Essay

Carey was researching a tax issue and located what appears to be a favorable IRS regulation. He knows that regulations serve different purposes and are issued in different forms. Which purpose and which form of regulation would provide Carey the most confidence that he has found an authority that carries a lot of weight for the long term? How could Carey check the status of this regulation?

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Definitions:

Ratification Process

The ratification process is the method by which proposed amendments or treaties are officially approved and adopted, typically requiring a supermajority or public referendum.

Federalists

Originally, supporters of the ratification of the U.S. Constitution; more broadly, it can refer to proponents of a strong federal government.

Antifederalists

Opponents of the ratification of the U.S. Constitution, fearing it granted too much power to the federal government at the expense of states' rights.

Political Equality

The principle that all citizens have equal rights and opportunities to participate in the political process.