Regarding Technical Advice Memoranda, Which Statement Is Incorrect

question 41

Multiple Choice

Regarding technical advice memoranda, which statement is incorrect?

• A) Issued by the National Office of IRS.
• B) Most often deal with a completed transaction.
• C) May be cited and used as precedent.
• D) Issued with multi-digit file numbers.
• E) None are incorrect.

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Definitions:

Quaker Merchants

Businesspeople who adhered to the Religious Society of Friends, or Quakers, known for their ethical business practices and emphasis on peace and equality.

Jewish Merchants

Individuals of Jewish heritage who were involved in various forms of trade and commerce historically.

Lucrative Crop

A crop that generates a substantial profit for the farmer or the economy, often due to high demand and/or premium pricing.

French and Indian War

A conflict from 1754 to 1763 in North America, part of a global struggle between Britain and France, also known as the Seven Years' War.