Which of the following types of Regulations take the place of the Internal Revenue Code and have the full effect of law?
A)Final.
B)Legislative.
C)Temporary.
D)Proposed.

Question

Quizplus · Accepted Answer

Legislative regulations are issued to interpret and enforce the law instead of the Internal Revenue Code. They have the complete effect of law and are authoritative. Final regulations are the permanent versions of temporary regulations, but they do not have the same effect as legislative regulations. Proposed and temporary regulations do not have the same level of authority until they become finalized.

Which of the Following Types of Regulations Take the Place