ExpertHard1 markMultiple Choice
CPA · Question 67 · Area I: Ethics & Tax Procedures
Which of the following is a 'primary authority' for tax research purposes?
Which of the following is a 'primary authority' for tax research purposes?
Answer options:
A.
IRS Publications.
B.
Tax textbook.
C.
Treasury Regulations.
D.
Article in the Journal of Taxation.
How to approach this question
Primary = IRC, Regulations, Court Cases, Revenue Rulings. Secondary = Textbooks, IRS Publications, Articles.
Full Answer
C.Treasury Regulations.✓ Correct
Primary authorities include the Internal Revenue Code (Legislative), Treasury Regulations and IRS Rulings (Administrative), and Court Decisions (Judicial). IRS Publications are considered secondary sources/guidance, not substantial authority.
Common mistakes
Thinking IRS Publications are primary law.
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