A "Technical Corrections Act" Is

question 14

Multiple Choice

A "technical corrections act" is:

• A) A set of changes made by IRS to fit new tax law provisions into the Code.
• B) An act passed by Congress to remove errors in implementing and interpreting the new provisions of a tax law.
• C) The act which provides the effective dates for a new tax law.
• D) None of the above.

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Definitions:

Right And Wrong

Principles that govern the morality, ethics, and legality of actions or decisions.

Personal Morals

Refers to an individual's set of values and principles that guide their behavior, distinguishing between right and wrong.

Belief System

A set of principles or tenets that together form the basis for a religion, philosophy, or moral outlook.

Professional Ethics

A set of moral principles, standards of behavior, or code of conduct that governs the behaviors of individuals within a specific profession.