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Describe the components of the common body of tax law (CBOTL). Include in your response answers to the following questions:

a. What role does the U.S. Congress play in creating the tax law? Briefly explain how a tax bill becomes a tax law.

b. Guidance on the tax law - what types of tax law guidance are published by the IRS?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9432159

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