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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the study of past events, particularly in human affairs.

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Actions that treat individuals unfairly or prejudicially based on certain characteristics, such as race, age, or gender.

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Educational programs aimed at promoting a workplace environment free from bias and discrimination against any individual or group based on race, gender, sexuality, etc.

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The highest judicial court in a country or state, typically having the authority to hear appeals from lower courts and adjudicate on significant legal matters.