An official IRS statement issued by the National Office that provides an interpreation of how the tax law applies to a hypothetical fact scenario is: A. Revenue Ruling B. Field Service Advice C. Private Letter Ruling D. Technical Advice Memorandum
An official IRS statement issued by the National Office that provides an interpreation of how the tax law applies to a hypothetical fact scenario is: A. Revenue Ruling B. Field Service Advice C. Private Letter Ruling D. Technical Advice Memorandum
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
An official IRS statement issued by the National Office that provides an interpreation of how the tax law applies to a hypothetical fact scenario is:
A. Revenue Ruling
B. Field Service Advice
C. Private Letter Ruling
D. Technical Advice Memorandum
Expert Solution
Step 1
Internal Revenue Service (IRS): It implies to an agency of U.S federal government that is made for the purpose of collecting the taxes (U.S federal) and for the administration of the Internal Revenue Code.
Step by step
Solved in 3 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education