Which of the Following Sources of Tax Law Carries the Least

question 51

Multiple Choice

Which of the following sources of tax law carries the least authority?

• A)Revenue ruling
• B)Treasury regulation
• C)Section 736 of the Internal Revenue Code
• D)The three sources of tax law have equal authority

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Definitions:

Shareholders

Individuals or entities that own shares of stock in a corporation, giving them ownership interests and possibly rights to dividends and voting.

Management

Management involves the organization and coordination of activities to achieve defined objectives, typically within a business setting.

Corporate Executives

Senior managers or high-level administrators in charge of directing and overseeing a corporation's activities.

Internal Board

A governing body within an organization, typically made up of members from the organization, tasked with oversight and decision-making responsibilities.