Which item may not be cited as a precedent?
A)Regulations.
B)Temporary Regulations.
C)Technical Advice Memoranda.
D)U.S.District Court decision.
E)None of the above.

Question

Quizplus · Accepted Answer

Technical Advice Memoranda (TAM) are not considered precedents as they are only advice given by the Internal Revenue Service (IRS) to taxpayers and may not be relied upon as legal authority in future cases. The other options listed, such as regulations and court decisions, can be used as precedents in tax law.

Which Item May Not Be Cited as a Precedent