Which item may not be cited as a precedent?
A)Regulations
B)Temporary Regulations
C)Technical Advice Memoranda
D)U.S.District Court decision
E)None of these

Question

Quizplus · Accepted Answer

Technical Advice Memoranda (TAM) are not considered legal precedents as they are not binding on the IRS or taxpayers. They are only advisory opinions given by the IRS to taxpayers in response to specific inquiries. The other options listed (regulations, temporary regulations, and U.S. District Court decisions) may be cited as precedents in tax law cases.

Which Item May Not Be Cited as a Precedent