Acc 455 – Tax Return Position
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Tax Return Position
ACC/455
Tax Return Position
The objectives used for legal study are ordinarily included two substantial parts – primary sources and secondary sources. The primary sources are declarations of the enactment from the government such as, an executive agency, legislature, court, governor, or president. The secondary sources suggest a deconstruction, a rephrasing of the primary law. The secondary sources are used to boost determine and demonstrate the primary sources of law. The secondary sources might impact a legit judgment but these sources absolutely do not have the commanding jurisdiction like the primary sources of law.
Primary sources of tax law
The following are the primary sources of Federal tax law:
* United State Code (USC) Title 26;
* Court of Federal Claims , Decisions of the USC, federal circuit courts, district courts, and the United States Supreme Court;
* Title 26 of USC – Treasury Regulations;
* Revenue Rulings , Revenue Procedures, Announcements, and Notices – IRS guidance published in the Internal Revenue Bulletin, and
* Other IRS material, including Private Letter Rulings and Technical Advice Memoranda.
* (“Tarlon Law Library”, 2013).
* The secondary sources of tax law
There are some of secondary sources such as:
* Dictionaries that are designed to give information about terms used in law called “Legal Dictionaries”
* Some words & phrases that give the expression and cross-references
* The source that contains brief, broad summaries of legal topics which called “Legal Encyclopedias”
* Some essays that discuss about certain points of law called “Annotated Law Reports”
* (“Library Of Congress”, 2012).
* The substantial authority
* According to the Treasury regulations, those are considered to be authority:
* Statutory provisions;
* Final regulation, temporary, proposed, and court cases;
* The procedure that affects the rights or duties of taxpayers called “Revenue procedures”;
* The database that provided the latest global tax treaty information and complete