Question 1

The IRS issues an acquiescence or nonacquiescence only for regular Tax Court decisions.

Accepted Answer

A) True 
 B)False

Question 2

Revenue Rulings issued by the National Office of the IRS carry the same legal force and effect as Regulations.

Accepted Answer

A) True 
 B)False

Question 3

What is a Technical Advice Memorandum?

Accepted Answer

The National Office of the IRS releases ...

Question 4

The granting of a Writ of Certiorari indicates that at least four members of the Supreme Court believe that an issue is of sufficient importance to be heard by the full court.

Accepted Answer

A) True 
 B)False

Question 5

Which items tell taxpayers the IRS's reaction to certain court decisions?

Accepted Answer

A)   Notices.
B)   Revenue Procedures.
C)   Revenue Rulings.
D)   Actions on Decisions.
E)   Procedural Regulations.F) A) and E)
G) B) and D)

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

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) B) and C)
G) B) and E)

Question 8

Which item may not be cited as a precedent?

Accepted Answer

A)   Regulations.
B)   Temporary Regulations.
C)   Technical Advice Memoranda.
D)   U.S. District Court decision.
E)   None of the above.F) B) and C)
G) All of the above

Question 9

Determination letters usually involve proposed transactions.

Accepted Answer

A) True 
 B)False

Question 10

Tax research involves which of the following procedures:

Accepted Answer

A)   Identifying and refining the problem.
B)   Locating the appropriate tax law sources.
C)   Assessing the validity of the tax law sources.
D)   Follow-up.
E)   All of the above.F) A) and C)
G) None of the above

Question 11

A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S.District Court.Only in the Tax Court can jurisdiction be obtained without first paying the assessed tax deficiency.

Accepted Answer

A) True 
 B)False

Question 12

What are Treasury Department Regulations?

Accepted Answer

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

Question 13

What is the role of the Joint Conference Committee in the legislative process?

Accepted Answer

When the Senate version of a bill differ...

Question 14

A Temporary Regulation under § 173 of the Code would be cited as follows: Temp.Reg.§ 173.

Accepted Answer

A) True 
 B)False

Question 15

The Index to Federal Tax Articles (published by Warren,Gorham,and Lamont)is available in print and electronic formats.

Accepted Answer

A) True 
 B)False

Question 16

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) C) and D)
G) D) and E)

Question 17

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) C) and D)

Question 18

Which of the following cannot be found in the Federal Register?

Accepted Answer

A)   Regulations.
B)   Temporary Regulations.
C)   Proposed Regulations.
D)   Revenue Rulings.
E)   All of the above may be found in the Federal Register.F) C) and D)
G) A) and B)

Question 19

A professional must understand the relative weight of authority within the sources of tax law.

Accepted Answer

A) True 
 B)False

Question 20

Subtitle A of the Internal Revenue Code covers which of the following taxes?

Accepted Answer

A)   Income taxes.
B)   Estate and gift taxes.
C)   Excise taxes.
D)   Employment taxes.
E)   All of the above.F) C) and E)
G) A) and E)

Exam 2: Working With the Tax Law

Subtitle A of the Internal Revenue Code covers which of the following taxes?

Correct AnswerverifiedShow Answer

What is a Technical Advice Memorandum?

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

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

Correct AnswerverifiedShow Answer

Which item may not be cited as a precedent?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

What is the role of the Joint Conference Committee in the legislative process?

Correct AnswerverifiedWhen the Senate version of a bill differ...View AnswerShow Answer

Which is presently not a major tax service?

Correct AnswerverifiedShow Answer

A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S.District Court.Only in the Tax Court can jurisdiction be obtained without first paying the assessed tax deficiency.

Correct AnswerverifiedShow Answer

The granting of a Writ of Certiorari indicates that at least four members of the Supreme Court believe that an issue is of sufficient importance to be heard by the full court.

Correct AnswerverifiedShow Answer

Which of the following cannot be found in the Federal Register?

Correct AnswerverifiedShow Answer

What are Treasury Department Regulations?

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

A professional must understand the relative weight of authority within the sources of tax law.

Correct AnswerverifiedShow Answer

The IRS issues an acquiescence or nonacquiescence only for regular Tax Court decisions.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Revenue Rulings issued by the National Office of the IRS carry the same legal force and effect as Regulations.

Correct AnswerverifiedShow Answer

Which items tell taxpayers the IRS's reaction to certain court decisions?

Correct AnswerverifiedShow Answer

Determination letters usually involve proposed transactions.

Correct AnswerverifiedShow Answer

The Index to Federal Tax Articles (published by Warren,Gorham,and Lamont)is available in print and electronic formats.

Correct AnswerverifiedShow Answer

A Temporary Regulation under § 173 of the Code would be cited as follows: Temp.Reg.§ 173.

Correct AnswerverifiedShow Answer

Tax research involves which of the following procedures:

Correct AnswerverifiedShow Answer

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The National Office of the IRS releases ...
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When the Senate version of a bill differ...
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Regulations are issued by the U.S.Treasu...
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