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.

---

Definitions:

Asexually

Reproduction without the combination of genetic material from two different parents, resulting in offspring that are genetically identical to the parent.

Mitosis

A type of cell division in which a cell divides into two daughter cells with the same number and kind of chromosomes as the parent nucleus, typical of ordinary tissue growth.

Prophase II

A stage of meiosis where chromosomes condense, nuclear envelopes break down, and spindle apparatus forms in each of the two daughter cells from meiosis I.

Chromatin

A complex of DNA and proteins that forms chromosomes within the nucleus of eukaryotic cells, structures that condense to facilitate mitosis and meiosis.