Chapter 2, Problem 25DQ

Rank the following items from the lowest to highest authority in the Federal tax law system: a. Interpretive Regulation. b. Legislative Regulation. c. Letter ruling. d. Revenue Ruling. e. Internal Revenue Code. f. Proposed Regulation.

Q. Explain the difference between a regular decision by the Tax Court and a memorandum decision by this court. Q. Many Tax Court decisions end with the phrase, ``Decision will be entered under Rule 155.'' What does this mean? Q. Find the court decision Stuart Hirshfield v. U.S. (88 AFTR 2d 2001-7095). Use the Citator to evaluate the reliability of this court decision. Include a print out of your results. Explain how you located this information. Q. You are reviewing a client's file and notice that a previous tax return position was taken based on a reveune ruling. You want to examine the current status of the revenune to see if there have been any changes that will affect the client's position. Provide the cite for the following Revenue Ruling and note its current status. Q. A partner at your firm has called you into his office for some help with a client issue. The client has a transaction that involes S. 162. The partner would like you to determine if any revenue rulings has been…