Which of the following is an administrative source of tax law?

Question

Quizplus · Accepted Answer

All of these options (IRS Regulation, Revenue Ruling, and Private Letter Ruling) are administrative sources of tax law. IRS Regulations are official interpretations of the Internal Revenue Code by the IRS and have the force of law. Revenue Rulings are issued by the IRS to provide guidance on how to apply the tax law to specific factual situations. Private Letter Rulings are issued by the IRS in response to a taxpayer's specific request for guidance on how to apply the tax law to their particular situation.

Which of the Following Is an Administrative Source of Tax