Question

Which of the following is a true stamen regarding primary authority of tax law?

A. Articles in The Journal of Taxation are viewed as primary authority.
B. Primary authority includes the Code, as well as administrative and judicial interpretations.
C. Tax services are sources of primary tax authority.
D. The Bloomberg BNA Daily Tax Reporter is a source of primary tax authority.

Answer 1

The correct answer is B, which states primary authority includes the Internal Revenue Code and administrative and judicial interpretations. Articles and tax reporting services are considered secondary sources, not primary authority.

Step-by-step explanation:

The correct answer to our question—Which of the following is a true statement regarding primary authority of tax law?—is B. Primary authority includes the Code, as well as administrative and judicial interpretations. This encompasses documents and information that comes directly from official bodies such as legislatures, courts, and government agencies. Primary authorities in tax law include the Internal Revenue Code (IRC), Treasury regulations issued by the Department of the Treasury, Revenue Rulings, and court decisions. On the other hand, articles in The Journal of Taxation, tax services, and Bloomberg BNA Daily Tax Reporter are considered secondary sources because they interpret, comment on, or analyze the law, rather than state the law itself.