Questions from Federal Taxation

Q: Differentiate primary tax law authorities and secondary tax law authorities.

Differentiate primary tax law authorities and secondary tax law authorities.

Q: Briefly describe the three categories of primary authorities and the types of

Briefly describe the three categories of primary authorities and the types of authorities within each category.

Q: Anton purchases a building on May 4, 2000, at a

Anton purchases a building on May 4, 2000, at a cost of $270,000. The land is properly allocated $30,000 of the cost. Anton sells the building on October 18, 2017, for $270,000. What is the charact...

Q: Name the types of secondary authorities.

Name the types of secondary authorities.

Q: What are some things to look out for when reading the Code

What are some things to look out for when reading the Code?

Q: Give examples of how the Code is sometimes used to achieve economic

Give examples of how the Code is sometimes used to achieve economic and social objectives.

Q: Briefly describe the process by which a new tax law is passed

Briefly describe the process by which a new tax law is passed.

Q: What three reports are issued as part of the legislative process?

What three reports are issued as part of the legislative process?

Q: How are the Joint Conference Committee and the Joint Committee on Taxation

How are the Joint Conference Committee and the Joint Committee on Taxation different?

Q: What is a Treasury regulation? Is it binding on the courts

What is a Treasury regulation? Is it binding on the courts?