For purposes of dealing with the Internal Revenue Service, this ranking correctl

Question

For purposes of dealing with the Internal Revenue Service, this ranking correctly reflects the relative authority of the indicated tax law sources: Regulations > Revenue Ruling > Revenue Procedures >>> Action on Decision, Announcements, General Council Memoranda, Letter Rulings, Notices, Prohibited Transaction Exemptions, Technical Advice Memoranda (">>>" preceding a particular tax law source indicates that that source of law does not carry substantial authority). true of false, I need reasons and links to tell me why.

Explanation / Answer

The link below

http://www.farmdoc.illinois.edu/legal/articles/ALTBs/archive/ALTB_02-01.pdf

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