Which Statement Appearing Below Does Not Correctly Describe the IRS

question 85

Multiple Choice

Which statement appearing below does not correctly describe the IRS letter ruling process?

• A)They are issued by the Secretary of the Treasury Department.
• B)Some letter rulings are of such importance and general interest that they are later published (in anonymous form) as Revenue Rulings.
• C)Letter rulings are private and can be seen only by the taxpayer who requested the ruling.
• D)Letter rulings can benefit both taxpayers and the IRS.

Understand the role and characteristics of entrepreneurship in economic success.

Identify the causes and implications of operating inside or outside the production possibilities frontier.

Discuss the factors leading to economic growth or decline.

Understand the concept of unemployment and its implications on the economy.