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:

Color Line

A term highlighting the racial division or segregation in society, particularly the discrimination against people of color.

Interracial Contact

Interactions and relationships between people of different racial backgrounds, which can influence perspectives, reduce prejudices, and foster multicultural understanding.

Scots

People from Scotland, a country part of the United Kingdom, known for its distinct cultural identity, dialects, and traditions.

Population Explosion

A rapid increase in the population of an area, often leading to overcrowding, depletion of resources, and environmental degradation.