Question

Explain the primary sources of tax law.

Format your paper consistent with APA guidelines.

Answer 1

The primary sources carry a high weight of authority within the tax laws. When researching federal tax law, we may need to review the following primary sources: Internal Revenue Code, other non-codified federal tax statutes, final and temporary regulations, judicial decisions on tax matters, revenue rulings, revenue procedures, and other published IRS positions.

The primary sources of Federal tax law are:

• The Internal Revenue Code, which is Title 26 of the United States Code;
• Decisions of the United States Tax Court, district courts, Court of Federal Claims, federal circuit courts, and the United States Supreme Court;
• Treasury Regulations, located in Title 26 of the Code of Federal Regulations;
• Internal Revenue Service guidance published in the Internal Revenue Bulletin, including Revenue Rulings, Revenue Procedures, Notices, and Announcements; and
• Other Internal Revenue Service material, including Private Letter Rulings and Technical Advice Memoranda.