[Verse 1] When you need to find the tax law's way Title Twenty-Six is where you'll stay Internal Revenue Code's the name Structure matters in this legal game Sections numbered, chapters flow That's the foundation you need to know [Chorus] Two sources guide the tax law road Legislative first, then admin code IRC sets the rules in stone Treasury Regs help flesh the bone Remember this hierarchy line Legislative first, admin's behind [Verse 2] Treasury Regulations come in three Proposed and temp and final, see Proposed means they're asking what you think Temporary fills the missing link Final regs carry the most weight When interpreting tax law's fate [Chorus] Two sources guide the tax law road Legislative first, then admin code IRC sets the rules in stone Treasury Regs help flesh the bone Remember this hierarchy line Legislative first, admin's behind [Bridge] IRS guidance flows like stairs Revenue Rulings show they care Revenue Procedures tell you how Private Letters help right now Tech Advice Memos clarify Notices and Announcements fly [Verse 3] Budget season brings the change Annual process, nothing strange Reconciliation moves the bill Joint Committee checks the till CBO scores what it will cost Without their help, the bill gets lost [Chorus] Two sources guide the tax law road Legislative first, then admin code IRC sets the rules in stone Treasury Regs help flesh the bone Remember this hierarchy line Legislative first, admin's behind [Outro] From Congress down to IRS Two sources clean up all the mess Legislative makes the basic law Administrative fills each flaw
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