Cumulative Bulletin (CB)
Definition
The Cumulative Bulletin (CB) is a comprehensive, hardbound compilation of documents that were originally published in the Internal Revenue Bulletin (IRB). It is typically issued semiannually by the Internal Revenue Service (IRS) to provide tax professionals, businesses, and tax-payers with authoritative information on tax law, IRS rulings, Treasury Decisions, and other critical tax-related information.
Examples
- Example 1: A tax consultant uses the CB to reference a Treasury Decision issued six months ago and officially published in the IRB.
- Example 2: A CPA firm maintains a library of CBs for quick access to IRS rulings and notices that affect the tax compliance of its corporate clients.
Frequently Asked Questions
What is the purpose of the Cumulative Bulletin?
The primary purpose of the CB is to provide a consolidated resource that helps taxpayers, tax professionals, and scholars easily access important IRS publications, decisions, and other tax-related documents that were previously issued through the IRB.
How often is the Cumulative Bulletin published?
The Cumulative Bulletin is usually published on a semiannual basis, although the frequency may vary depending on IRS schedules.
Who typically uses the Cumulative Bulletin?
The CB is most commonly used by tax attorneys, accountants, IRS agents, and corporate tax departments as a reliable source of information for tax planning and compliance.
Where can you find the Cumulative Bulletin?
The Cumulative Bulletin is available through the official IRS website, select libraries, and sometimes through specialized tax law publishers.
Is the Cumulative Bulletin available in digital format?
Yes, recent editions of the CB are often made available in digital formats on the IRS website or through other governmental digital repositories.
Related Terms
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Internal Revenue Bulletin (IRB): The IRB is a weekly publication by the IRS that contains new tax laws, regulations, administrative rulings, and notices.
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Treasury Decision: Official rulings issued by the Secretary of the Treasury, which provide interpretations and guidelines on the implementation of tax laws and regulations.
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Revenue Ruling: An official interpretation by the IRS on how the law is applied in specific factual situations, binding to all taxpayers and IRS offices.
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Tax Code: The body of law under Title 26 of the United States Code dealing with taxation, also known as the Internal Revenue Code (IRC).
Online References
- IRS Cumulative Bulletin Archive
- Tax-Related Publications by the Government Printing Office
- Cornell Law School’s Legal Information Institute
Suggested Books for Further Studies
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“Federal Income Taxation of Corporations and Shareholders” by Boris I. Bittker and James S. Eustice: A detailed guide to corporate taxation, critical for anyone in tax consulting.
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“Tax Law Design and Drafting” by Victor Thuronyi: This provides comprehensive insights into the principles of tax law drafting, essential for understanding publications like the CB and IRB.
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“Federal Taxation: Comprehensive Topics” by James Pratt and William N. Kulsrud: This book is excellent for those looking for a more detailed and comprehensive exploration of federal tax laws and rulings.
Fundamentals of Cumulative Bulletin: Taxation Basics Quiz
Thank you for studying this detailed content on the Cumulative Bulletin. Good luck with your tax-related endeavors and staying up-to-date with the latest regulations!
