Which of the following is a primary authority for tax purposes?

Answer options:

IRS Publications

Temporary Treasury Regulations

Tax Textbook

Article in the Journal of Taxation

How to approach this question

Distinguish Primary (Code, Regs, Rulings, Court Cases) from Secondary (Commentary, Publications, Textbooks).

Full Answer

B.Temporary Treasury Regulations✓ Correct

Primary authorities include the IRC, Treasury Regulations (Final, Temporary, and Proposed), Court Decisions, and IRS Rulings (Rev Rul, Rev Proc). IRS Publications are considered secondary sources/guidance, not substantial authority.

Common mistakes

Thinking IRS Publications are primary authority (they are not binding in court).

Question 38 All questions Question 40

Practice the full CPA REG Practice Exam 2

72 questions · hints · full answers · grading

More questions from this exam

Q01A CPA is representing a client in an IRS examination regarding a complex tax shelter transaction....Hard Q02A tax return preparer is facing a penalty for an understatement of tax liability on a client's re...Hard Q03Taxpayer L received a Statutory Notice of Deficiency (90-day letter) from the IRS regarding a tax...Hard Q04A CPA is sued for common law negligence by a third party who relied on the CPA's audit report. Th...Hard Q05Which of the following communications between a CPA and a client would generally be protected by ...Hard

View all 72 questions →