Answer:
The three primary sources of authority that tax professionals should check against the citator before relying on those sources for important matters are;
1. Revenue procedures
2. Revenue rulings
3. Judicial decisions
Explanation:
A citator can be defined as an index of legal resources that allows the researcher to find newer documents of the original document and thus the history of statues and cases can be reconstructed. This has been collectively termed as shepardizing. There are different kinds of citators depending on the type of case one is handling. In our case, we are dealing with tax professionals. Tax professionals deal with three primary sources of authority that tax professionals should check against the citator before relying on those sources for important matters. These primary sources are; revenue procedures, revenue rulings and judicial decisions. They are further elaborated below;
1. Revenue procedures
A revenue procedure is a set of guide that give direction on how to apply law, regulations and rulings. They majorly give direction on matters involving tax.
2. Revenue rulings
A revenue ruling is an order directly from the Internal Revenue Services (IRS) that has the full backing of the law and therefor enforceable. Such rulings on revenue, give direction on how the IRS understands the tax laws. Since the IRS is an authority constituted by top-level tax professionals, a revenue ruling can be used by other tax professionals to cite cases of similar nature.
3. Judicial decisions
Judicial decisions is a statement of advice written by a judge or a panel of judges that serves as a guide in solving a legal dispute. They involve a written legal opinion that tends to justify how and why they arrived to that conclusion to solve the dispute. The same thinking can be used by other professionals in other disputes of a similar nature to solve them.
Answer:
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor.
Explanation:
Just a cheerful teen willing to help...
The average house cost after 10 years would be $147,073.11.
<h3>What will be the average house cost after 10 years?</h3>
The cost of house is reducing with the passage of time. This means that the cost of house in 10 years would be cheaper than it is today.
The formula that can be used to determine the cost of a house in 10 years is:
FV = P (1 - r)^n
- FV = Future value
- P = cost of a house today
- R = rate of decline
- N = number of years
180,000 ( 1 - 0.02) ^10
180,000 x 0.98^10 = $147,073.11
To learn more about future value, please check: brainly.com/question/18760477
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<span>Rent control is a price ceiling. The objective of controlling the prices of rent is usually to counteract the inequality of bargaining power between landlords and tenant, as part of a minimum set of rights to make the market fair. Advantage of rent control is limited rent increased. A disadvantage is tighter restrictions on roommates.
I hope my answer has come to your help. God bless and have a nice day ahead!
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