Question

For each of the following citations, identify the type of authority (statutory, administrative, or judicial).

a. Reg. Sec. 1.111-1(b)
b. IRC Sec. 469(c)(7)(B)(i)
c. Rev. Rul. 82-204, 1982-2 C.B. 192
d. Amdahl Corp., 108 TC 507 (1997)
e. PLR 9727004 f. Hills v. Comm., 50 AFTR2d 82-6070 (11th Cir., 1982)

Answer 1

a) Administrative

b) Administrative

c) Administrative

d) Judicial

e) Administrative

Step-by-step explanation:

a)It is known as the "tax benefit rule" and has served to limit the inclusion of the deduction of the state income tax due to various circumstances, even when the alternative minimum tax is applied to a taxpayer.

b)Special rules for taxpayers in real estate businesses. Paragraph (2) will not apply to any real estate rental activity of said taxpayer for that taxable year.

d)The court considered that if the payments made by the taxpayer to the relocation services companies to assist in the disposition of the relocated employees' homes were deductible as ordinary expenses or as capital losses.