Which of the following statements concerning the Internal Revenue Code is true?
I.The most current tax laws may be found in the Internal Revenue Code of 2016.
II.A tax treaty may override the Code.
III.The most common references to a particular part of the Code are to a section.
IV.The Internal Revenue Code is considered a secondary source of tax law.

Question

Which of the following statements concerning the Internal Revenue Code is true?
I.The most current tax laws may be found in the Internal Revenue Code of 2016.
II.A tax treaty may override the Code.
III.The most common references to a particular part of the Code are to a section.
IV.The Internal Revenue Code is considered a secondary source of tax law.
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Quizplus · Accepted Answer

II. A tax treaty can indeed override provisions of the Internal Revenue Code under certain circumstances, reflecting the principle that treaties made under the authority of the United States can supersede national law in specific areas.III. References within the tax law community to the Internal Revenue Code are commonly made by section number, which is a standard method for citing specific provisions within the Code.

Which of the Following Statements Concerning the Internal Revenue Code