[Verse 1] Title Twenty-Six holds the treasure chest Internal Revenue Code's where tax laws rest Navigate the sections like a roadmap clear Every provision tells what we must hear Congress writes the statutes, black and white But Treasury fills gaps with regulatory might [Chorus] Proposed, Temporary, Final too Treasury Regs explain what statutes do Revenue Rulings guide the way Private Letters for specific days Notices flash, Announcements call IRS hierarchy governs all [Verse 2] Revenue Procedures set the process straight Technical Advice when taxpayers debate Private Letter Rulings just for you alone Can't rely on others, stands on its own Notices bring urgent news to light Announcements broadcast changes overnight [Chorus] Proposed, Temporary, Final too Treasury Regs explain what statutes do Revenue Rulings guide the way Private Letters for specific days Notices flash, Announcements call IRS hierarchy governs all [Bridge] Budget season brings the annual dance Reconciliation gives tax bills their chance Joint Committee scores each proposal's cost CBO ensures no revenue is lost House and Senate craft the legislation Treasury implements across the nation [Verse 3] Proposed regulations seek public voice Comment periods give us all a choice Temporary rules take effect today Final regulations here to stay From highest court to lowest guidance note Every source deserves our careful quote [Chorus] Proposed, Temporary, Final too Treasury Regs explain what statutes do Revenue Rulings guide the way Private Letters for specific days Notices flash, Announcements call IRS hierarchy governs all [Outro] Legislative power, administrative might Two sources keep our tax system tight Code and guidance working hand in hand Building tax law across this land
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