Which of the Following Statements Is INCORRECT Regarding Effective Dates

question 46

Multiple Choice

Which of the following statements is INCORRECT regarding effective dates in the Internal Revenue Code:

• A) All sections of a new tax law go into effect at the same time.
• B) New Code provisions may not go into effect immediately upon adoption by Congress.
• C) Some effective dates can precede passage of the act.
• D) All of the above are correct.

---

Definitions:

Maximum Management Flexibility

The ability of managers to adapt quickly and effectively to changing conditions or opportunities in the business environment.

Corporate Franchise Taxes

Taxes levied on businesses for the privilege of operating as a corporation or LLC within a particular jurisdiction.

On-Site Management

refers to the direct oversight and administration of operations, facilities, or assets at their physical location.

Business Training

Educational programs aimed at enhancing the skills and knowledge of individuals to improve performance and productivity in a business setting.