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A consolidated return's tax liability is owed by
Independent Regulatory Agencies
These are federal agencies created by an act of Congress that are independent of the executive departments. They regulate important sectors of the economy, making and enforcing rules to protect public interest.
Case of First Impression
A legal case in which a specific issue or law is interpreted for the first time and sets precedent for future similar cases.
Legal Authority
The lawful right granted to an entity or individual to make decisions, enforce laws, or administer justice.
Legal Concepts
Fundamental principles that form the basis of the law, including rights, duties, obligations, and justice.
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Q71: All of the following are executive (administrative)sources
Q86: The courts and the Treasury Regulations have