Which statement is not true with respect to a Regulation that interprets the tax law?
A)Issued by the U.S.Congress.
B)Issued by the U.S.Treasury Department.
C)Designed to provide an interpretation of the tax law.
D)Carries more legal force than a Revenue Ruling.
E)All of these statements are true.

Question

Quizplus · Accepted Answer

Regulations are not issued by the U.S Congress. They are issued by the U.S Treasury Department to provide an interpretation of the tax law. Regulations carry more legal weight than Revenue Rulings, which are issued by the Internal Revenue Service (IRS).

Which Statement Is Not True with Respect to a Regulation