Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

The Index to Federal Tax Articles (published by Thomson Reuters) is available electronically.

Accepted Answer

A) True 
 B)False

Question 3

Which citation refers to a Second Circuit Court of Appeals decision?

Accepted Answer

A)   40 T.C. 1018.
B)   159 F.2d 848 (CA-2, 1947) .
C)   354 F. Supp. 1003 (D.Ct. Ga. 1972) .
D)   914 F.2d 396 (CA-3, 1990) .
E)   None of the above.F) A) and E)
G) A) and D)

Question 4

Which is a primary source of tax law?

Accepted Answer

A)   Serverino R. Nico, Jr., 67 T.C. 647 (1977) .
B)   Article by a Federal judge in Tax Notes.
C)   An IRS publication.
D)   Written determination letter.
E)   All of the above are primary sources.F) C) and D)
G) B) and C)

Question 5

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 6

Interpret the following citation: 64-1 USTC ¶9618, aff'd in 344 F.2d 966.

Accepted Answer

A)   A U.S. Tax Court Small Cases Division decision that was affirmed on appeal.
B)   A U.S. Tax Court decision that was affirmed on appeal.
C)   A U.S. District Court decision that was affirmed on appeal.
D)   A U.S. Circuit Court of Appeals decision that was affirmed on appeal.
E)   None of the above.F) A) and E)
G) All of the above

Question 7

Subchapter D refers to the "Corporate Distributions and Adjustments" section of the Internal Revenue Code.

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. Court of Federal Claims. Only in the Tax Court can jurisdiction be obtained without first paying the assessed tax deficiency.

Accepted Answer

A) True 
 B)False

Question 9

What statement is not true with respect to Temporary Regulations?

Accepted Answer

A)   May not be cited as precedent.
B)   Issued with 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) C) and E)
G) B) and D)

Question 10

The IRS will not acquiesce to the following tax decisions:

Accepted Answer

A)   U.S. District Court.
B)   U.S. Tax Court.
C)   U.S. Court of Federal Claims.
D)   Small Case Division of the U.S. Tax Court.
E)   All of these.F) All of the above
G) C) and E)

Question 11

The Golsen rule has been overturned by the U.S. Supreme Court.

Accepted Answer

A) True 
 B)False

Question 12

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 13

Deferring income to a subsequent year is considered to be tax avoidance.

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

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

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 these are correct cites.F) All of the above
G) A) and C)

Question 17

The primary purpose of effective tax planning is to reduce or defer the tax in the current tax year.

Accepted Answer

A) True 
 B)False

Question 18

If a taxpayer decides not to pay a tax deficiency, he or she must go to which court?

Accepted Answer

A)   Appropriate U.S. Circuit Court of Appeals
B)   U.S. District Court
C)   U.S. Tax Court
D)   U.S. Court of Federal Claims
E)   None of theseF) A) and E)
G) None of the above

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

The following citation is correct: Larry G. Mitchell, 131 T.C. 215 (2008).

Accepted Answer

A) True 
 B)False

Exam 2: Working with the Tax Law

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

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

The IRS will not acquiesce to the following tax decisions:

Correct AnswerverifiedShow Answer

Subchapter D refers to the "Corporate Distributions and Adjustments" section of the Internal Revenue Code.

Correct AnswerverifiedShow Answer

The primary purpose of effective tax planning is to reduce or defer the tax in the current tax year.

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 citation refers to a Second Circuit Court of Appeals decision?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

If a taxpayer decides not to pay a tax deficiency, he or she must go to which court?

Correct AnswerverifiedShow Answer

Deferring income to a subsequent year is considered to be tax avoidance.

Correct AnswerverifiedShow Answer

Interpret the following citation: 64-1 USTC ¶9618, aff'd in 344 F.2d 966.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

What statement is not true with respect to Temporary Regulations?

Correct AnswerverifiedShow Answer

Which is a primary source of tax law?

Correct AnswerverifiedShow Answer

The Golsen rule has been overturned by the U.S. Supreme Court.

Correct AnswerverifiedShow Answer

The Index to Federal Tax Articles (published by Thomson Reuters) is available electronically.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The following citation is correct: Larry G. Mitchell, 131 T.C. 215 (2008).

Correct AnswerverifiedShow Answer

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

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. Court of Federal Claims. Only in the Tax Court can jurisdiction be obtained without first paying the assessed tax deficiency.

Correct AnswerverifiedShow Answer

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