Asked by Deijah Drakeford on Jul 21, 2024
Verified
Which of the following are primary sources of tax authority?
A) Statutory sources.
B) Administrative sources.
C) Judicial sources.
D) All of these.
Primary Sources
Original documents, materials, or evidence directly related to a topic, used in research to provide firsthand information.
Tax Authority
A Tax Authority is an entity responsible for administering the tax law, including collecting taxes and enforcing tax regulations.
Judicial Sources
Legal documents, court decisions, and laws that provide the authority or basis for legal interpretations and decisions.
- Recognize primary and secondary sources of tax authority.
Verified Answer
EJ
Estrellita JovissaJul 25, 2024
Final Answer :
D
Explanation :
Statutory sources refer to tax laws passed by legislative bodies, administrative sources refer to regulations and guidance issued by tax authorities (e.g. IRS), and judicial sources refer to court cases and opinions. All three of these sources are considered primary sources of tax authority as they establish the legal basis for taxation and help taxpayers understand their rights and obligations under the law. Therefore, the correct answer is D - all of these.
Learning Objectives
- Recognize primary and secondary sources of tax authority.