Which of the following is an administrative source of tax law?
A)Revenue Ruling.
B)IRS Regulation.
C)Private Letter Ruling.
D)All of these.

Question

Quizplus · Accepted Answer

All of the options are administrative sources of tax law. 
A) Revenue Rulings are published interpretations by the IRS regarding the application of tax laws to specific factual situations. 
B) IRS Regulations are proposed and final treasury regulations that provide guidance on how tax laws should be applied. 
C) Private Letter Rulings are written determinations by the IRS in response to specific taxpayer inquiries regarding the tax consequences of proposed transactions.

Which of the Following Is an Administrative Source of Tax