Tax Position Paper, accounting homework help

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Business Finance

Description

Write a 700- to 1,050-word paper that includes the following:

  • Explain the primary sources of tax law.
  • Define secondary sources of tax law.
  • Define substantial authority.
  • Describe the role of the courts and the Internal Revenue Service in interpreting and applying the sources of tax law.

Format your paper consistent with APA guidelines.

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Explanation & Answer

Attached.

Running head: TAX LAWS

1

Tax Laws
Institution Affiliation
Date

TAX LAWS

2
Introduction

Tax laws are a set of rules that control and help in the governing of how government both
at local and national level calculate the tax that a working citizen owes the state or the locality.
There are some issues that are considered by the government and various bodies that regulate the
collection of taxes. Such issues include total income, wealth, capital gains or profits, ecological
taxations, avoidance of tax and inefficiencies if the tax collection systems in place. This paper
looks at the primary sources of tax laws, secondary sources of tax laws, substantial authority and
the role of courts and Internal Revenue Service in the course of application and interpretation of
the various sources of tax laws that exist (Thuronyi, Brooks & Kolozs, 2016).
Primary Sources of Tax Laws
Primary sources of law are the sources of tax laws that have the authority of the statutes
that are enacted by legislative bodies. They are considered to have the highest authority as
compared to other sources of tax laws that are in place. Some of the primary sources of tax laws
in...


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