Question 1

Determination letters usually involve proposed transactions.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is not published in the Cumulative Bulletin?

Accepted Answer

A)  Revenue Rulings.
B)  Proposed Regulations.
C)  Actions on Decisions.
D)  Letter Rulings.
E)  General Counsel Memoranda.F) A) and D)
G) A) and B)

Question 3

The following citation can be a correct citation: Rev.Rul.95-271, I.R.B.No.54, 18.

Accepted Answer

A) True 
 B)False

Question 4

What are Treasury Department Regulations?

Accepted Answer

Regulations are issued by the U.S.Treasu...

Question 5

Revenue Rulings deal with the internal management practices and procedures of the IRS.

Accepted Answer

A) True 
 B)False

Question 6

Discuss the advantages and disadvantages of the Small Cases Division of the U.S.Tax Court.

Accepted Answer

There is no appeal from the Small Cases ...

Question 7

A researcher can find tax information on home page sites of:

Accepted Answer

A)  Governmental bodies.
B)  Tax academics.
C)  Publishers.
D)  CPA firms.
E)  All of the above.F) A) and B)
G) B) and E)

Question 8

Which is presently not a major tax service?

Accepted Answer

A)  Standard Federal Tax Reporter.
B)  Federal Taxes.
C)  United States Tax Reporter.
D)  Tax Management Portfolios.
E)  All of the above are major tax services.F) A) and B)
G) A) and C)

Question 9

Which of these is not a correct citation to the Internal Revenue Code?

Accepted Answer

A)  Section 211.
B)  Section 1222(1) .
C)  Section 2(a) (1) (
A)  .
D)  Section 280B.
E)  All of above are correct cites.F) A) and C)
G) A) and D)

Question 10

In § 212(1) , the number (1)  stands for the:

Accepted Answer

A)  Section number.
B)  Subsection number.
C)  Paragraph designation.
D)  Subparagraph designation.
E)  None of the above.F) A) and B)
G) B) and C)

Question 11

Which court decision would probably carry more weight?

Accepted Answer

A)  Regular U.S.Tax Court decision.
B)  Reviewed U.S.Tax Court decision.
C)  U.S.District Court decision.
D)  Memorandum Tax Court decision.
E)  U.S.Court of Federal Claims.F) A) and B)
G) D) and E)

Question 12

Federal tax legislation generally originates in what body?

Accepted Answer

A)  Internal Revenue Service.
B)  Senate Finance Committee.
C)  House Ways and Means Committee.
D)  Senate Floor.
E)  None of the above.F) A) and E)
G) D) and E)

Question 13

There is a direct conflict between a Code section adopted in 2004 and a treaty with France (signed in 2008).The Code section controls.

Accepted Answer

A) True 
 B)False

Question 14

The Internal Revenue Code of 1986 was substantially a re-codification of the existing Code.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following types of Regulations has the lowest tax validity?

Accepted Answer

A)  Finalized.
B)  Legislative.
C)  Proposed.
D)  Temporary.
E)  Procedural.F) All of the above
G) A) and B)

Question 16

Technical Advice Memoranda deal with completed transactions.

Accepted Answer

A) True 
 B)False

Question 17

Explain the tax appeals process from trial courts.

Accepted Answer

Appeals from a District Court or a Tax C...

Question 18

Which would not be a citation to a District Court case?

Accepted Answer

A)   2004-1 USTC ¶ 60,478.
B)   93 AFTR 2d 2004-668.
C)   306 F. Supp. 2d 668.
D)   97 TCM 1488.
E)   All of the above are District Court cites.F) None of the above
G) B) and D)

Question 19

The research process should begin with a tax service.

Accepted Answer

A) True 
 B)False

Question 20

Which court decisions are published in paper format by the U.S.government?

Accepted Answer

A)  U.S.Tax Court Memorandum decision.
B)  U.S.Tax Court regular decision.
C)  Fifth Circuit U.S.Court of Appeals decision.
D)  Court of Federal Claims decision.
E)  All of the above.F) A) and E)
G) B) and C)

Exam 2: Working With the Tax Law

What are Treasury Department Regulations?

Correct AnswerverifiedRegulations are issued by the U.S.Treasu...View AnswerShow Answer

A researcher can find tax information on home page sites of:

Correct AnswerverifiedShow Answer

There is a direct conflict between a Code section adopted in 2004 and a treaty with France (signed in 2008).The Code section controls.

Correct AnswerverifiedShow Answer

The research process should begin with a tax service.

Correct AnswerverifiedShow Answer

Which court decision would probably carry more weight?

Correct AnswerverifiedShow Answer

Which would not be a citation to a District Court case?

Correct AnswerverifiedShow Answer

Which of these is not a correct citation to the Internal Revenue Code?

Correct AnswerverifiedShow Answer

Which court decisions are published in paper format by the U.S.government?

Correct AnswerverifiedShow Answer

Which of the following is not published in the Cumulative Bulletin?

Correct AnswerverifiedShow Answer

Explain the tax appeals process from trial courts.

Correct AnswerverifiedAppeals from a District Court or a Tax C...View AnswerShow Answer

Discuss the advantages and disadvantages of the Small Cases Division of the U.S.Tax Court.

Correct AnswerverifiedThere is no appeal from the Small Cases ...View AnswerShow Answer

The Internal Revenue Code of 1986 was substantially a re-codification of the existing Code.

Correct AnswerverifiedShow Answer

Technical Advice Memoranda deal with completed transactions.

Correct AnswerverifiedShow Answer

Federal tax legislation generally originates in what body?

Correct AnswerverifiedShow Answer

Determination letters usually involve proposed transactions.

Correct AnswerverifiedShow Answer

Which is presently not a major tax service?

Correct AnswerverifiedShow Answer

The following citation can be a correct citation: Rev.Rul.95-271, I.R.B.No.54, 18.

Correct AnswerverifiedShow Answer

Which of the following types of Regulations has the lowest tax validity?

Correct AnswerverifiedShow Answer

Revenue Rulings deal with the internal management practices and procedures of the IRS.

Correct AnswerverifiedShow Answer

In § 212(1) , the number (1) stands for the:

Correct AnswerverifiedShow Answer

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Regulations are issued by the U.S.Treasu...
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Appeals from a District Court or a Tax C...
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There is no appeal from the Small Cases ...
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