Question

Using the legend provided, classify each of the following tax sources:

Legend:
P = Primary tax source
S = Secondary tax source
B = Both
N = Neither b. Tax treaty between the United States and India.
c.Revenue Procedure.
d. An IRS publication.
e.U.S. District Court decision.
f. Yale Law Journal article.
g.Temporary Regulations (issued 2019).
h. U.S. Tax Court Memorandum decision.
i.Small Cases Division of the U.S. Tax Court decisio
j. House Ways and Means Committee report.
k. Notice.

Answer 1

Various tax sources are classified using the provided legend; primary and secondary designations depend on their authoritative impact and direct influence on tax law and policy.

Step-by-step explanation:

Using the legend provided, we can classify each of the following tax sources as follows:

• Tax treaty between the United States and India: B (Both a primary and secondary source as it directly affects tax obligations between the two countries)
• Revenue Procedure: P (Primary tax source since it is an official statement of a procedure by the IRS)
• An IRS publication: S (Secondary tax source because it provides explanations but is not authoritative)
• U.S. District Court decision: P (Primary tax source as it represents primary legal precedent)
• Yale Law Journal article: N (Neither, as it's scholarly discussion and not a recognized tax source)
• Temporary Regulations (issued 2019): P (Primary tax source, as they are authoritative for the duration of their effectiveness)
• U.S. Tax Court Memorandum decision: P (Primary tax source, as it includes decisions that may be cited as precedent)
• Small Cases Division of the U.S. Tax Court decision: S (Secondary tax source, as decisions here are not precedential)
• House Ways and Means Committee report: S (Secondary tax source, offers insight into legislative intent but not authoritative)

Notice: S (Secondary tax source, they provide guidance and clarification of official positions)