Tax Research

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5 Terms

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Hierarchy of tax authority

1) Internal Revenue Code (IRC) 2) Code of Federal Regulations (CFR) Section (Treasury Regulation) 3) Revenue Ruling (Rev. Rul) 4) IRS Form Instructions

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Code of Federal Regulations (CFR) Section (Treasury Regulatons)

Promulgated by the US Dept. of the Treasury to interpret and enforce the IRC.

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Revenue Ruling (Rev. Rul.)

An official interpretation by the IRS of how tax law applies to a specific set of facts. (court cases)

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IRS Form Instructions

Sub-regulatory administrative guidance designed to assist taxpayers with compliance.

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Internal Revenue Code (IRC)

Enacted by Congress and signed into law by the president