Regulations May Have Retroactive Effect in Which of the Following

question 21

Multiple Choice

Regulations may have retroactive effect in which of the following circumstances:

• A) The Regulation is designed to prevent abuse by taxpayers.
• B) The Regulation relates to internal Treasury Department policies, practices, or procedures.
• C) Both (a) and (b).
• D) Regulations can never be effective retroactively.

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Definitions:

Written Documents

Physical or digital records containing information or agreements that have been committed to writing.

Postbox Rule

A legal principle that states an offer is considered accepted at the moment the acceptance is sent, not when received.

Online Communications

The exchange of messages or information over the internet or other digital networks.

Uniform Electronic Commerce Act

An act designed to standardize the rules and regulations governing electronic commerce and communications across jurisdictions.