1 / 23

CHAPTER THREE

TREASURY INTERPRETATIONS. CHAPTER THREE. EXPECTED LEARNING OUTCOMES. Understand the following about Treasury interpretations: The different types Their level of authority How they are accessed How to determine their validity How they are cited. TYPES OF TREASURY INTERPRETATIONS.

Download Presentation

CHAPTER THREE

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. TREASURY INTERPRETATIONS CHAPTER THREE

  2. EXPECTED LEARNING OUTCOMES • Understand the following about Treasury interpretations: • The different types • Their level of authority • How they are accessed • How to determine their validity • How they are cited

  3. TYPES OF TREASURY INTERPRETATIONS • Regulations • Revenue Rulings • Revenue Procedures • Letter Rulings • Other

  4. Treasury Regulations and Their Authority • Final • Proposed • Temporary

  5. How to Access Regulations • Treasury Decisions (Federal Register) • Internal Revenue Bulletin • Cumulative Bulletin

  6. Organization by Code Section Citation Treas. Regs. 1.263-xxxxx Organization and Citation of Regulations

  7. Formats Available • Print/Paper • CD-ROM • Modem • Web

  8. Confirming the Reliability of a Regulation • Danger of being obsolete • Check for cautions

  9. Revenue Rulings • Code’s application to specific set of facts • Authority limited by its facts

  10. Discovering Relevant Revenue Rulings • Through reference service • IRS Bulletin Index-Digest System

  11. Accessing Revenue Rulings • Internal Revenue Bulletin • Cumulative Bulletin • Print or electronic

  12. Discovering Relevant Revenue Rulings • Through reference service • IRS Bulletin Index-Digest System

  13. Rev. Rul. 83-14, 1983-1 CB 200 Rev. Rul. 99-89, IRB 1999-20, 30 Rev. Rul. 99-89, 1999-20 CB 30 Citing a Revenue Ruling

  14. Citating Ensuring the Reliability of a Revenue Ruling

  15. Procedural guidelines Authoritative if current Revenue Procedures

  16. Discovering Relevant Revenue Procedures • Through reference service • IRS Bulletin Index-Digest System

  17. Accessing Revenue Procedures • Internal Revenue Bulletin • Cumulative Bulletin • Print or electronic

  18. Rev. Proc. 83-14, 1983-1 CB 200 Rev. Proc. 99-89, IRB 1999-20, 30 Rev. Proc. 99-89, 1999-20 CB 30 Citing a Revenue Procedure

  19. Citating Ensuring the Reliability of a Revenue Procedure

  20. Similar to Revenue Rulings Generated through request or internal confusion Limited authority Letter Rulings/Technical Advice Memoranda

  21. Discovering Relevant Letter Rulings • Cannot depend on reference services • Searching using electronic database

  22. 9940300 99  year 40  week 300  number in that week Citing a Letter Ruling

  23. Determination letters General Counsel Memos IRS News Releases IRS Publications Actions on Decisions Acquiescences/non Internal Revenue Manual Forms and Instructions Other Types of Treasury Interpretations

More Related