Identify Which of the Following Statements Is False

question 8

Multiple Choice

Identify which of the following statements is false.

• A)A revenue ruling is issued by the Internal Revenue Service only in response to a written inquiry by a taxpayer.
• B)Rev. Proc. 2006-19 is a revenue procedure that was published in 2006.
• C)The citation Ltr. Rul. 200611075 usually indicates the ruling was made public in the 11th week of 2006.
• D)A technical advice memorandum is made available as a letter ruling.

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Definitions:

Rent Controls

Government-imposed limits on the amount landlords can charge for leasing property, intended to keep housing affordable for renters.

Without Controls

a situation where no regulations or restrictions are imposed on the functioning of markets or economies.

Price Ceiling

A government-imposed limit on how high a price is charged for a product, aimed at preventing prices from becoming excessively high.

Inefficiency

The state of not achieving maximum productivity or economic benefit, where resources are not used in the most effective way.