Question

The IRS's general authority to issue binding rules and regulations comes from which source?

a. The United States Constitution
b. An Executive Order of the President
c. A section of the Internal Revenue Code itself.
d. None of the above.

Answer 1

The IRS derives its authority to issue rules from the Internal Revenue Code, as part of its role within the Executive branch to enforce laws as established by Congress.

Step-by-step explanation:

The IRS's general authority to issue binding rules and regulations is derived from a section of the Internal Revenue Code itself. Administrative Agencies, like the IRS, issue rules or regulations to implement and enforce legislation, and this is part of the Executive branch's role in government.

The Constitution, through Article I, Section 8, enables Congress to grant such responsibilities, anticipating the need for a bureaucracy to enforce these laws. Thus, the correct answer to the question is (c) A section of the Internal Revenue Code.