Which of the following sources of authority would most likely contain a review of Congress's intentions with respect to a particular piece of tax legislation?
A)Internal Revenue Code
B)Report of the House Ways and Means Committee
C)Code of Federal Regulations
D)Revenue procedures
E)Technical advice memoranda

Question

Quizplus · Accepted Answer

The House Ways and Means Committee is responsible for the originating of all taxation laws, and their report on a particular tax legislation provides insight into Congress's intentions regarding that legislation. The Internal Revenue Code provides the actual law, the Code of Federal Regulations provides the administrative regulations, and revenue procedures and technical advice memoranda are internal guidance documents used by the IRS.

Which of the Following Sources of Authority Would Most Likely