1. CHAPTER THREE TREASURY INTERPRETATIONS

2. EXPECTED LEARNING OUTCOMES l Understand the following about Treasury interpretations: The different types Their level of authority How they are accessed How to determine their validity How they are cited

3. TYPES OF TREASURY INTERPRETATIONS l Regulations l Revenue Rulings l Revenue Procedures l Letter Rulings l Other

4. Treasury Regulations and Their Authority l Final l Proposed l Temporary

5. How to Access Regulations l Treasury Decisions (Federal Register) l Internal Revenue Bulletin l Cumulative Bulletin

6. Organization and Citation of Regulations l Organization by Code Section l Citation Treas. Regs. 1.263-xxxxx

7. Formats Available l Print/Paper l CD-ROM l Modem l Web

8. Confirming the Reliability of a Regulation l Danger of being obsolete l Check for cautions

9. Revenue Rulings l Code’s application to specific set of facts l Authority limited by its facts

10. Discovering Relevant Revenue Rulings l Through reference service l IRS Bulletin Index-Digest System

11. Accessing Revenue Rulings l Internal Revenue Bulletin l Cumulative Bulletin l Print or electronic

12. Discovering Relevant Revenue Rulings l Through reference service l IRS Bulletin Index-Digest System

13. Citing a Revenue Ruling l Rev. Rul. 83-14, 1983-1 CB 200 l Rev. Rul. 99-89, IRB 1999-20, 30 l Rev. Rul. 99-89, 1999-20 CB 30

14. Ensuring the Reliability of a Revenue Ruling l Citating

15. Revenue Procedures l Procedural guidelines l Authoritative if current

16. Discovering Relevant Revenue Procedures l Through reference service l IRS Bulletin Index-Digest System

17. Accessing Revenue Procedures l Internal Revenue Bulletin l Cumulative Bulletin l Print or electronic

18. Citing a Revenue Procedure l Rev. Proc. 83-14, 1983-1 CB 200 l Rev. Proc. 99-89, IRB 1999-20, 30 l Rev. Proc. 99-89, 1999-20 CB 30

19. Ensuring the Reliability of a Revenue Procedure l Citating

20. Letter Rulings/Technical Advice Memoranda l Similar to Revenue Rulings l Generated through request or internal confusion l Limited authority

21. Discovering Relevant Letter Rulings l Cannot depend on reference services l Searching using electronic database

22. Citing a Letter Ruling 9940300 99  year 40  week 300  number in that week

23. Other Types of Treasury Interpretations l Determination letters l General Counsel Memos l IRS News Releases l IRS Publications l Actions on Decisions l Acquiescences/non l Internal Revenue Manual l Forms and Instructions