Assignment

1. The Treasury Department issues two types of regulations "interpretative" and "legislative". Compare and contrast "interpretative" and "legislative" regulations and briefly discuss why the courts are less likely to invalidate a legislative regulation. Response should be in own words with a minimum of 90 word count.

2. The U.S. Tax Court issues both regular and memorandum decisions. Assume that you are a Tax Practitioner and one of your client's poses the following query: "If we take my case to the U.S. Tax Court I have heard that they could render either a "regular" or a "memorandum" decision - what is the difference between the two and are there any similarities?" Discuss "regular" and "memorandum" U.S. Tax Court decisions as a response to your client's query. Response should be in own words with a minimum of 90 word count.