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 legislative history and explanations for new code sections, making them the best authority to assist Edie in better understanding the newly enacted code section. The other options (IRS regulations, U.S. Tax Court cases, and IRS revenue rulings) are helpful in interpreting and applying existing tax laws, but not in understanding newly enacted provisions.

Edie Would Like to Better Understand a New Code Section