Text Notes Ch 2- Tax Practice and Research

Text Notes Ch 2- Tax Practice and Research - Text Notes Ch...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Has authority to tax as granted by constitution a. 16th amendment to constitution provides autho for income tax b. c. Congress 1. Tax treaties and Internal revenue code - treaty provisions may take priority 2. a. 1) Legislative i. Treasury dept attempt to explain law - given great weight 1) Interpretative ii. iii. Types of regulations b. All regulations must be approved by secretary of treasury c. Treasury dept regulations 3. i. Rulings limited to given set of facts ii. Procedures deal with admin matters iii. Rev rulings and procedures a. Taxpayer may request letter before complete transaction
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 09/08/2010 for the course BUS 123A at San Jose State University .

Page1 / 2

Text Notes Ch 2- Tax Practice and Research - Text Notes Ch...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online