ACC 455 Final Exam 1) Which of the following statements regarding proposed regulations is not correct? A. Proposed & temporary regulations are generally issued simultaneously. B. Proposed regulations do not provide any insight into the IRS's interpretation of the tax law. C. Proposed regulations expire after 3 years. D. Practitioners & other interested parties may comment on proposed regulations.

2) Regulations are A. presumed to be valid & to have almost the same weight as the IRC B. equal in authority to legislation if interpretative C. equal in authority to legislation D. equal in authority to legislation if statutory

3) Which of the following courts is not a trial court for tax cases? A. U.S. Tax Court B. U.S. Court of Federal Claims C. U.S. Bankruptcy Court D. U.S....