Question

1.)A proposed regulation under Section 274 of the Code would be cited as follows: Prop. Reg. Sec. 274.

True or false

2.)If a taxpayer-employer wants to obtain qualified status for a pension plan, he or she should likely request a private letter from the IRS.

True or false

3.)The IRS usually discloses to the general public the criteria it uses in the selection of returns for audit.

True or false

Answer 1

1. False

Because after new amendments

that is the law that is often referred to as the “Tax Cuts and Jobs Act” (TCJA).

2. True

Because the IRS PLR offers advice relating to the following ...

• Corporate conditions
• Financial Institutions and Products services
• Income Tax and Accounting services
• International services
• Passthroughs and Special Industries services
• Procedure and Administration services

Employee Benefits related services,Exempt Organizations, and Employment Taxes sevicessevices

3. False.

Because IRS follow unique way to check out work. So criteria remain confidential.

Thanks...

If u have any query then plz ask in comment box