Edie would like to better understand a new code section enacted four weeks ago. Which of the following authorities will help Edie understand the newly enacted code section?

Question

Quizplus · Accepted Answer

Committee reports provide valuable insight and explanation on newly enacted code sections, outlining the intentions of Congress and the reasons behind the changes made. IRS regulations and revenue rulings may also provide guidance, but they may not be available or applicable to every situation. Tax court cases are interpretations of existing law, not explanations of new ones.

Edie Would Like to Better Understand a New Code Section