Which of the Following Is True of Revenue Rulings

question 11

Multiple Choice

Which of the following is true of revenue rulings?

• A)Lower courts are bound by them.
• B)They are a subset of Treasury Regulations.
• C)Once affirmed by an appellate court, they have the force of law.
• D)Although they represent the official policy of the IRS, courts may overrule them.
• E)All of the above.

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Definitions:

Relationship

A connection, association, or involvement between two or more entities, which can be social, romantic, professional, or otherwise.

Communal-Sharing Relationships

Bonds characterized by a sense of belonging and mutual care, where resources are shared collectively.

Research Findings

The conclusions or outcomes derived from systematically conducted investigations or studies.

Trustors

Individuals or entities that place trust in others, typically within the context of a relationship or transaction.