Source: http://www.scribd.com/doc/7090839/Solutions
Timestamp: 2013-05-25 21:09:14
Document Index: 755343070

Matched Legal Cases: ['§ 301', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1501', '§ 385', '§ 1031']

2-1CHAPTER 2WORKING WITH THE TAX LAWSOLUTIONS TO PROBLEM MATERIALS
Working With the Tax Law2-3DISCUSSION QUESTIONS
1.Primary sources of tax information include pronouncements from all three branches of the Federal government: legislative, executive, and judicial. p. 2-22.Uncertainty in the tax laws causes disputes between the IRS and taxpayers. Due to thesegray areas and the complexity of the tax law, a taxpayer may have more than onealternative for structuring a business transaction. p. 2-23.This statement is false. Tax legislation normally originates in the Ways and MeansCommittee of the House of Representatives. A tax bill might originate in the Senatewhen it is attached to other legislative proposals (e.g., the Senate version of the DeficitReduction Act of 1984 was attached as an amendment to the Federal Boat Safety Act). p. 2-3 and Footnote 14.When the Senate version of a tax bill differs from that passed by the House, the JointConference Committee, which includes members of both the House Ways and MeansCommittee and the Senate Finance Committee, is called upon to resolve thesedifferences. The result, usually a compromise of the two versions, is then voted on by both the House and the Senate. p. 2-45.The income tax laws are found in Title 26 of the U.S. Code in Subtitle A. p. 2-46.Willis, Hoffman, Maloney, and Raabe, CPAs5191 Natorp BoulevardMason, OH 45040March 22, 2005Mr. Paul BishopTeal, Inc.100 International DriveTampa, Florida 33620Dear Mr. Bishop:This letter is in response to your request about information concerning a conflict betweena U.S. treaty with France and a section of the Internal Revenue Code. The major reasonfor treaties between the U.S. and certain foreign countries is to eliminate double taxationand to render mutual assistance in tax enforcement.Section 7852(d) provides that if a U.S. treaty is in conflict with a provision in the Code,neither will take general precedence. Rather, the more recent of the two will have precedence. In your case, the French treaty takes precedence over the Code section.A taxpayer must disclose on the tax return any positions where a treaty overrides a taxlaw. There is a $1,000 penalty per failure to disclose for individuals and a $10,000 penalty per failure for corporations.Should you need more information, feel free to contact me.Sincerely,
2-42006 Comprehensive Volume/Solutions
Alice Hanks, CPATax Partner p. 2-77.Reg. § 301. 7701 – 2 (c) (2)Type of RegulationRelated Code SectionRegulation Number Regulation ParagraphRegulation Subparagraph p. 2-98.Since Regulations interpret the Code, they are arranged in the same sequence as theCode. Regulations are prefixed by a number that designates the type of tax or administrative, procedural, or definitional matter to which they relate. These Regulationswould be cited as follows with subparts added for further identification.a.
Reg. § 1.442. b.
Prop. Reg. § 1.318.c.
Temp. Reg. § 1.446.d.
Reg. § 1.1501. p. 2-99.In many Code sections, Congress has given to the “Secretary or his delegate” theauthority to prescribe Regulations to carry out the details of administration or otherwiseto complete the prevailing administrative rules. Under such circumstances, it almostcould be said that Congress is delegating its legislative powers to the TreasuryDepartment. Regulations that are issued pursuant to this type of authority truly possessthe force and effect of law and often are called “legislative” Regulations. Examples of “legislative” Regulations include those that address consolidated returns issued under §§ 1501 through 1505 and those that addressed the debt/equity question issued under § 385 (withdrawn).Legislative Regulations are to be distinguished from “interpretive” Regulations, which purport to rephrase and elaborate on the meaning of a particular Code Section. Anexample of interpretive Regulations are those issued under § 1031 for like-kindexchanges.Procedural Regulations are “housekeeping-type” instructions indicating information thattaxpayers should provide the IRS as well as information about the management andconduct of the IRS itself.The need to distinguish between these three types of Regulations relates to their validityas a tax law source. pp. 2-9, 2-25, and 2-2610.Rev. Rul. 99-5 is the 5th ruling issued during 1999, and it appears on page 434 of Volume 1 of the
in 1999. p. 2-10
SearchSearch History: Searching...Result 00 of 0000 results for result for p. SolutionsDownload or PrintAdd To Collection2.0KReads4Readcasts2Embed ViewsThis is a private document.
Published byapi_user_11797_cometFollowSearchTIP Press Ctrl-F⌘F to search anywhere in the document.Read without ads and support Scribd by becoming a Scribd Premium Reader.See Premium PlansInfo and RatingCategory:Uncategorized.Rating:Upload Date:10/17/2008Copyright:Attribution Non-commercialTags:No tagsFree download or readfalse online for free.Flag for inappropriate contenthttp://www.scribd.com/doc/7090839/Solutions07/26/2011pdftextoriginal
Recommended30 p.Solutionsapi_user_11797_comet7708 Reads52 p.Test Bank Chap 6CourseNotes16149 Reads$9.9574 p.305FINALexamreviewquestionsrmarmer185120 Reads15 p.Solutionsapi_user_11797_comet5149 Reads22 p.Solutionsapi_user_11797_comet11468 Reads30 p.Solutionsapi_user_11797_comet4148 Reads30 p.Solutionsapi_user_11797_comet12750 ReadsRecommended15 p.Solutionsapi_user_11797_comet5149 Reads16 p.Solutionsapi_user_11797_comet6159 Reads16 p.Solutionsapi_user_11797_comet4355 Reads18 p.Ch02 SolutionsAvneet Kaur709 Reads14 p.Chapter 2 Solutionspouriabarin1614 Reads16 p.Chapter 3 Solutions82009012261 Reads16 p.Solutionsapi_user_11797_comet2559 Reads8 p.quiz chap 6Uzma Siddiqui4003 Reads32 p.Chapter 6 Solutions82009012596 Reads16 p.Solutionsapi_user_11797_comet3656 Reads16 p.Solutionsapi_user_11797_comet3823 Reads21 p.Solutionsapi_user_11797_comet5991 Reads14 p.Solutionsapi_user_11797_comet7428 Reads33 p.Solutionsapi_user_11797_comet8326 Reads12 p.Solutionsapi_user_11797_comet7808 Reads22 p.Solutionsapi_user_11797_comet7701 Reads16 p.Solutionsapi_user_11797_comet9768 Reads18 p.Solutionsapi_user_11797_comet5522 Reads16 p.Solutionsapi_user_11797_comet3507 Reads44 p.Solutionsapi_user_11797_comet3349 Reads
More From This User15 p.Solutionsapi_user_11797_comet5149 Reads16 p.Solutionsapi_user_11797_comet6159 Reads16 p.Solutionsapi_user_11797_comet4355 Reads16 p.Solutionsapi_user_11797_comet2559 Reads16 p.Solutionsapi_user_11797_comet3823 Reads16 p.Solutionsapi_user_11797_comet3656 Reads21 p.Solutionsapi_user_11797_comet5991 Reads14 p.Solutionsapi_user_11797_comet7428 Reads33 p.Solutionsapi_user_11797_comet8326 Reads12 p.Solutionsapi_user_11797_comet7808 Reads22 p.Solutionsapi_user_11797_comet7701 Reads16 p.Solutionsapi_user_11797_comet9768 Reads18 p.Solutionsapi_user_11797_comet5522 Reads16 p.Solutionsapi_user_11797_comet3507 Reads44 p.Solutionsapi_user_11797_comet3349 Reads46 p.Solutionsapi_user_11797_comet8701 Reads30 p.Solutionsapi_user_11797_comet7708 Reads17 p.Solutionsapi_user_11797_comet6407 Reads25 p.Solutionsapi_user_11797_comet9254 Reads24 p.Solutionsapi_user_11797_comet8590 Reads25 p.Solutionsapi_user_11797_comet9838 Reads22 p.Solutionsapi_user_11797_comet11468 Reads30 p.Solutionsapi_user_11797_comet4148 Reads23 p.Solutionsapi_user_11797_comet4697 Reads30 p.Solutionsapi_user_11797_comet12750 Reads