Question 1
Which of the following is secondary authority?
◦ Internal Revenue Code
◦ Treasury Regulations
◦ RIA and CCH tax services
◦ Revenue Ruling
Question 2
Which of the following statements regarding proposed regulations is
not correct?
◦ Proposed regulations expire after three years.
◦ Practitioners and other interested parties may comment on proposed regulations.
◦ Proposed and temporary regulations are generally issued simultaneously.
◦ Proposed regulations do not provide any insight into the IRS's interpretation of the tax law.