Explain what is encompassed by the term tax law as used by tax advisors.

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Explain what is encompassed by the term tax law as used by tax advisors.

 




A.

"Tax law" refers only to the Internal Revenue Service (IRS) Commissioner's conclusions of any hearings and not the interpretations by federal courts.



B.

"Tax law" refers to the Internal Revenue Code (IRC) as elaborated by Treasury Regulations and administrative pronouncements and as interpreted by federal courts.                                                           

 



C.

"Tax law" is simply a way to refer to all of the transcripts incorporated into the Congressional

Record.



D.

"Tax law" is a term tax advisors use to refer to the interpretation of tax documents that Congress records since it is ambiguous.
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