Which regulation specifically interprets a provision?

The regulation that specifically interprets a provision is the Specific Authority Regulation. These regulations are issued by the IRS and provide detailed rules and interpretations for specific statutory provisions found in the Internal Revenue Code. They serve to clarify how the agency intends to apply statutes to particular circumstances, ensuring that taxpayers and tax professionals can understand the implementation of tax laws.

Specific Authority Regulations offer authoritative guidance that can affect how taxpayers comply with their obligations and how they can structure their affairs to meet legal requirements effectively. This clarity is essential in navigating tax obligations and understanding the nuances of tax legislation.

In contrast, other options like General Authority Regulations are broader in their guidance, encompassing a wider range of topics without focusing on specific provisions. Revenue Procedures outline the procedures that the IRS will follow, and Private Letter Rulings provide guidance on specific cases for individual taxpayers but do not create regulations in the same way that Specific Authority Regulations do.