The distinction between primary and secondary authority is important for which of the following reasons?

Question

Quizplus · Accepted Answer

The distinction between primary and secondary authority is crucial because primary authority is the law itself (statutes, regulations, court decisions), which must be followed, while secondary authority (such as legal encyclopedias, treatises, and articles) can provide guidance and interpretation but is not binding. Understanding this distinction helps in meeting the "substantial authority" standard and avoiding penalties under Section 6662 of the Code, which can be imposed for underpayment of tax due to negligence or disregard of rules or regulations.

The Distinction Between Primary and Secondary Authority Is Important for Which