Regulations issued prior to the latest tax legislation dealing with a specific Code section are still effective to the extent they do not conflict with the provisions in the new legislation.

Name: Regulations issued prior to the latest tax legislation dealing with a specific Code section are still effective to the extent they do not conflict with the provisions in the new legislation.
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Quizplus · Accepted Answer

Regulations issued before the new legislation still hold weight unless they contradict the new provisions.

Regulations Issued Prior to the Latest Tax Legislation Dealing with a Specific