Question 1

What is a Technical Advice Memorandum?

Accepted Answer

The National Office of the IRS releases ...

Question 2

A taxpayer can obtain a jury trial in the U.S.Tax Court.

Accepted Answer

A) True 
 B)False

Question 3

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 these.F) B) and D)
G) A) and E)

Question 4

A U.S.District Court is the lowest trial court.

Accepted Answer

A) True 
 B)False

Question 5

A taxpayer may not appeal a case from which court:

Accepted Answer

A)   U.S.District Court.
B)   U.S.Circuit Court of Appeals.
C)   U.S.Court of Federal Claims.
D)   Small Case Division of the U.S.Tax Court.
E)   None of these.F) C) and D)
G) B) and E)

Question 6

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 theseF) A) and C)
G) B) and E)

Question 7

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 these.F) A) and E)
G) A) and C)

Question 8

The U.S.Tax Court meets most often in Washington,D.C.

Accepted Answer

A) True 
 B)False

Question 9

Distinguish between the jurisdiction of the U.S.Tax Court and a U.S.District Court.

Accepted Answer

The U.S.Tax Court hears only tax cases a...

Question 10

A taxpayer should always minimize his or her tax liability.

Accepted Answer

A) True 
 B)False

Question 11

Which company does not publish citators for tax purposes?

Accepted Answer

A)   John Wiley & Sons
B)   Commerce Clearing House
C)   Thomson Reuters RIA
D)   Westlaw
E)   Shepard'sF) D) and E)
G) A) and D)

Question 12

The research process should begin with a tax service.

Accepted Answer

A) True 
 B)False

Question 13

The term "petitioner" is a synonym for "defendant."

Accepted Answer

A) True 
 B)False

Question 14

Post-1984 letter rulings may be substantial authority for purposes of the accuracy-related penalty in § 6662.

Accepted Answer

A) True 
 B)False

Question 15

A tax professional need not worry about the relative weight of authority within the various tax law sources.

Accepted Answer

A) True 
 B)False

Question 16

Which tax-related website probably gives the best policy-orientation results?

Accepted Answer

A)   taxalmanac.org.
B)   irs.gov.
C)   taxsites.com.
D)   taxanalysts.com.
E)   ustaxcourt.gov.F) None of the above
G) B) and E)

Question 17

What statement is not true with respect to Temporary Regulations?

Accepted Answer

A)   May not be cited as precedent.
B)   Issued as Proposed Regulations.
C)   Automatically expire within three years after the date of issuance.
D)   Found in the Federal Register.
E)   All of these statements are true.F) B) and D)
G) A) and D)

Question 18

The first codification of the tax law occurred in 1954.

Accepted Answer

A) True 
 B)False

Question 19

The Regulation section of the CPA exam is approximately 60% Taxation and 40% Law & Professional Responsibilities.

Accepted Answer

A) True 
 B)False

Question 20

When searching on an online tax service,which approach is more frequently used?

Accepted Answer

A)   Code section approach
B)   Keyword approach
C)   Table of contents approach
D)   Index
E)   All are about the sameF) A) and E)
G) A) and C)

Exam 2: Working With the Tax Law

The Regulation section of the CPA exam is approximately 60% Taxation and 40% Law & Professional Responsibilities.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The term "petitioner" is a synonym for "defendant."

Correct AnswerverifiedShow Answer

What statement is not true with respect to Temporary Regulations?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

A tax professional need not worry about the relative weight of authority within the various tax law sources.

Correct AnswerverifiedShow Answer

The research process should begin with a tax service.

Correct AnswerverifiedShow Answer

Federal tax legislation generally originates in what body?

Correct AnswerverifiedShow Answer

The first codification of the tax law occurred in 1954.

Correct AnswerverifiedShow Answer

A taxpayer should always minimize his or her tax liability.

Correct AnswerverifiedShow Answer

Distinguish between the jurisdiction of the U.S.Tax Court and a U.S.District Court.

Correct AnswerverifiedThe U.S.Tax Court hears only tax cases a...View AnswerShow Answer

Which tax-related website probably gives the best policy-orientation results?

Correct AnswerverifiedShow Answer

A U.S.District Court is the lowest trial court.

Correct AnswerverifiedShow Answer

The U.S.Tax Court meets most often in Washington,D.C.

Correct AnswerverifiedShow Answer

When searching on an online tax service,which approach is more frequently used?

Correct AnswerverifiedShow Answer

A taxpayer can obtain a jury trial in the U.S.Tax Court.

Correct AnswerverifiedShow Answer

What is a Technical Advice Memorandum?

Correct AnswerverifiedThe National Office of the IRS releases ...View AnswerShow Answer

A taxpayer may not appeal a case from which court:

Correct AnswerverifiedShow Answer

Post-1984 letter rulings may be substantial authority for purposes of the accuracy-related penalty in § 6662.

Correct AnswerverifiedShow Answer

Which company does not publish citators for tax purposes?

Correct AnswerverifiedShow Answer

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The U.S.Tax Court hears only tax cases a...
View Answer

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The National Office of the IRS releases ...
View Answer

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Correct Answer
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