Asked by Miguel Santos on May 08, 2024
Verified
Which of the following types of Regulations is the strongest tax authority?
A) Final.
B) Legislative.
C) Temporary.
D) Proposed.
Regulations
Rules or directives made and maintained by an authority to regulate behavior, typically in the areas of finance, health, safety, or the environment.
Tax Authority
A governmental entity responsible for the administration of taxes, including collection, enforcement, and interpretation of tax laws.
Legislative
Pertaining to the branch of government responsible for creating laws.
- Identify the differences among types of tax authorities and where they are applicable.
Verified Answer
TB
Tanice BogleMay 12, 2024
Final Answer :
B
Explanation :
Legislative regulations, also known as statutory regulations, carry the highest authority because they are issued directly by Congress as part of the Internal Revenue Code.
Learning Objectives
- Identify the differences among types of tax authorities and where they are applicable.