The difference between regulations and revenue rulings is that
A) Revenue rulings are not limited to a given set of facts and regulations are limited.
B) Revenue rulings are the direct law-making powers of Congress and regulations are not.
C) Rulings require approval by the Secretary of the Treasury; regulations do not.
D) Revenue rulings do not have the authority of regulations; regulations are a direct extension of the law-making powers of Congress.
E) Only regulations are official pronouncements of the National Office of the IRS.
Correct Answer:
Verified
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