Question 1

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) D) and E)
G) All of the above

Question 2

Federal tax legislation generally originates in the Senate Finance Committee.

Accepted Answer

A) True 
 B)False

Question 3

House members have considerable latitude to make amendments on the House floor.

Accepted Answer

A) True 
 B)False

Question 4

Proposed Regulations are binding on IRS agents.

Accepted Answer

A) True 
 B)False  False

Question 5

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 E)
G) A) and E)

Question 6

The IRS is required to make a letter ruling public.

Accepted Answer

A) True 
 B)False

Question 7

Electronic databases are most frequently searched by the keyword approach.

Accepted Answer

A) True 
 B)False

Question 8

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 9

Technical Advice Memoranda may not be cited as precedents by taxpayers.

Accepted Answer

A) True 
 B)False

Question 10

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) A) and E)
G) A) and B)

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

Which publisher offers Tax Center that provides the Code,Regulations,and material from Matthew Bender,CCH,Kleinrock,and the Bureau of National Affairs?

Accepted Answer

A)   Research Institute of America.
B)   Commerce Clearing House.
C)   LexisNexis.
D)   Prentice-Hall.
E)   None of the above.F) B) and D)
G) A) and E)

Question 13

Regulations are arranged in the same sequence as the Internal Revenue Code.

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  True

Question 15

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 16

Tax bills are handled by which committee in the U.S.House of Representatives?

Accepted Answer

A)   Taxation Committee.
B)   Ways and Means Committee.
C)   Finance Committee.
D)   Budget Committee.
E)   None of the above.F) C) and E)
G) All of the above B

Question 17

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) A) and D)
G) A) and E)

Question 18

Which publisher offers the United States Tax Reporter?

Accepted Answer

A)   Research Institute of America.
B)   Commerce Clearing House.
C)   LexisNexis.
D)   Tax Analysts.
E)   None of the above.F) All of the above
G) None of the above

Question 19

The Internal Revenue Code was first codified in what year?

Accepted Answer

A)   1913.
B)   1923.
C)   1939.
D)   1954.
E)   1986.F) A) and D)
G) C) and D)

Question 20

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

Accepted Answer

A) True 
 B)False

Exam 2: Working With the Tax Law

Which is presently not a major tax service?

Correct AnswerverifiedShow Answer

Federal tax legislation generally originates in the Senate Finance Committee.

Correct AnswerverifiedShow Answer

House members have considerable latitude to make amendments on the House floor.

Correct AnswerverifiedShow Answer

Proposed Regulations are binding on IRS agents.

Correct AnswerverifiedFalse

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

Correct AnswerverifiedShow Answer

The IRS is required to make a letter ruling public.

Correct AnswerverifiedShow Answer

Electronic databases are most frequently searched by the keyword approach.

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

Technical Advice Memoranda may not be cited as precedents by taxpayers.

Correct AnswerverifiedShow Answer

Which item may not be cited as a precedent?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which publisher offers Tax Center that provides the Code,Regulations,and material from Matthew Bender,CCH,Kleinrock,and the Bureau of National Affairs?

Correct AnswerverifiedShow Answer

Regulations are arranged in the same sequence as the Internal Revenue Code.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedTrue

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

Correct AnswerverifiedShow Answer

Tax bills are handled by which committee in the U.S.House of Representatives?

Correct AnswerverifiedB

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

Correct AnswerverifiedShow Answer

Which publisher offers the United States Tax Reporter?

Correct AnswerverifiedShow Answer

The Internal Revenue Code was first codified in what year?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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False

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True

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B

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