The ________ Is a Registration Exemption That Permits Local Businesses

question 64

Multiple Choice

The ________ is a registration exemption that permits local businesses to raise capital from local investors to be used in the local economy without the need to register with the Securities and Exchange Commission (SEC) .

• A)intrastate offering exemption
• B)Regulation A offering
• C)private placement exemption
• D)nonissuer exemption

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Definitions:

Tax Liability

The total amount of tax owed by an individual, corporation, or other entity to a taxing authority, after deductions, credits, and exemptions.

Administrative Source

Information collected and maintained as part of the operations of administrative systems or organizations, often used for research or policy development.

Tax Law

The legal domain encompassing rules, policies, and laws that oversee the tax process, which includes charges on estates, transactions, property, income, licenses, and more.

Revenue Ruling

A Revenue Ruling is an official interpretation by the IRS on how the law is applied to a specific set of facts, providing guidance for taxpayers.