Which of the following statements is CORRECT regarding Committee Reports?
A) They are published in the Internal Revenue Bulletin.
B) They are produced by the Treasury Department.
C) They explain the elements of proposed tax law changes and reasons for the changes.
D) all of the above
E) only a and c

Question

Quizplus · Accepted Answer

Choice A is incorrect because Committee Reports are not published in the Internal Revenue Bulletin. Choice B is incorrect because Committee Reports are produced by Congress, not the Treasury Department. Choice C is correct - Committee Reports explain the proposed tax law changes and the reasons behind them. Therefore, the correct answer is E, only A and C.

Which of the Following Statements Is CORRECT Regarding Committee Reports