Which of the following statements is INCORRECT regarding the reasons tax researchers may have difficulty in interpreting the Internal Revenue Code?
A)Code sections can appear toconflict.
B)Definitions can be significantly different from the common use of a term.
C)All exceptions toa Code section are addressed within that same section.
D)Frequently, phrases modify percentage or dollar amounts.

Question

Quizplus · Accepted Answer

Exceptions to a Code section are not always addressed within that same section, making it difficult for tax researchers to interpret the Internal Revenue Code because they may have to look at multiple sections to understand all exceptions and rules.

Which of the Following Statements Is INCORRECT Regarding the Reasons