Which of the following statements is CORRECT regarding the definition of terms in the Internal Revenue Code?
A)All definitions are included in Section 7701.
B)Definitions are always included within the Code section towhich they apply.
C)Definitions are written intothe Code by the IRS rather than included in tax laws passed by Congress.
D)Sometimes, a researcher may need toconsult the regulations tofind a complete definition of a term.

Question

Quizplus · Accepted Answer

The Internal Revenue Code (IRC) often includes definitions within specific sections, but for more comprehensive understanding or clarification, it may be necessary to consult the regulations associated with the IRC. These regulations can provide detailed explanations and interpretations of terms used in the Code, which are essential for proper application and compliance.

Which of the Following Statements Is CORRECT Regarding the Definition