Question 1

Which of the following courts is not a trial court for tax cases?

Accepted Answer

A)  U.S. Bankruptcy Court 
B)  U.S. District Court 
C)  U.S. Tax Court 
D)  U.S. Court of Federal Claims 
A)  U.S. Bankruptcy Court 
B)  U.S. District Court 
C)  U.S. Tax Court 
D)  U.S. Court of Federal Claims

Question 2

The term "tax law" includes

Accepted Answer

A)  legislation. 
B)  treasury regulations. 
C)  judicial decisions. 
D)  all of the above. 
A)  legislation. 
B)  treasury regulations. 
C)  judicial decisions. 
D)  all of the above.

Question 3

Describe the appeals process in tax litigation.

Accepted Answer

Appeals from Tax Court and U.S. district

Question 4

What is an information release?

Accepted Answer

The IRS issues information rel

Question 5

According to the Statements on Standards for Tax Services, what belief should a CPA have before taking a pro-taxpayer position on a tax return?

Accepted Answer

The CPA should have a good faith belief

Question 6

Why should tax researchers take note of the date on which a Treasury Regulation was adopted?

Accepted Answer

Researchers should note the date on whic

Question 7

Distinguish between an annotated tax service and a topical tax service.

Accepted Answer

An annotated tax service is organized by

Question 8

Which of the following documents is issued by the IRS to a specific taxpayer?

Accepted Answer

A)  regulation 
B)  revenue procedure 
C)  letter ruling 
D)  information release 
A)  regulation 
B)  revenue procedure 
C)  letter ruling 
D)  information release

Question 9

Identify which of the following statements is false.

Accepted Answer

A)  A revenue ruling is issued by the Internal Revenue Service only in response to a written inquiry by a taxpayer. 
B)  Rev. Proc. 2006-19 is a revenue procedure that was published in 2006. 
C)  The citation Ltr. Rul. 200611075 usually indicates the ruling was made public in the 11th week of 2006. 
D)  A technical advice memorandum is made available as a letter ruling. 
A)  A revenue ruling is issued by the Internal Revenue Service only in response to a written inquiry by a taxpayer. 
B)  Rev. Proc. 2006-19 is a revenue procedure that was published in 2006. 
C)  The citation Ltr. Rul. 200611075 usually indicates the ruling was made public in the 11th week of 2006. 
D)  A technical advice memorandum is made available as a letter ruling.

Question 10

When a court discusses issues not raised by the facts, the comments

Accepted Answer

A)  are excluded from the formal court opinion. 
B)  may be referenced by the parties in other cases having the same facts. 
C)  are not dicta. 
D)  will cause the court's decision to be declared invalid. 
A)  are excluded from the formal court opinion. 
B)  may be referenced by the parties in other cases having the same facts. 
C)  are not dicta. 
D)  will cause the court's decision to be declared invalid.

Question 11

You need to locate a recent tax case that was tried in a Federal district court. The decision is an "unreported" decision. This means the decision was

Accepted Answer

A)  not published in the Federal Supplement. 
B)  not published in American Federal Tax Reports. 
C)  not published in United States Tax Cases. 
D)  settled out of court. 
A)  not published in the Federal Supplement. 
B)  not published in American Federal Tax Reports. 
C)  not published in United States Tax Cases. 
D)  settled out of court.

Question 12

Assume that the Tax Court decided an expenditure in question was deductible. The government appealed to the Fifth Circuit, which reversed the decision and held it was not deductible. No other circuits have ruled on the issue.
A new case has just been filed in the Tax Court. How will the Tax Court rule if this new case is appealable to the Tenth Circuit? Would your answer be different if the case was appealable to the Fifth Circuit?

Accepted Answer

The Golsen rule provides that the Tax Co

Question 13

Ralph's business records were lost as a result of Hurricane Katrina. CPA Jane prepares Ralph's return using estimates. What do the Statements on Standards for Tax Services state about the use of estimates?

Accepted Answer

A)  Estimates may not be used. 
B)  Estimates may be used without disclosing their use to the IRS. 
C)  Estimates may be used, but Jane should disclose their use to the IRS. 
D)  The Statements on Standards for Tax Services do not address the use of estimates. 
A)  Estimates may not be used. 
B)  Estimates may be used without disclosing their use to the IRS. 
C)  Estimates may be used, but Jane should disclose their use to the IRS. 
D)  The Statements on Standards for Tax Services do not address the use of estimates.

Question 14

The committee that is responsible for holding hearings on tax legislation for the House of Representatives is the

Accepted Answer

A)  Finance Committee. 
B)  Joint Committee on Taxation. 
C)  Conference Committee. 
D)  Ways and Means Committee. 
A)  Finance Committee. 
B)  Joint Committee on Taxation. 
C)  Conference Committee. 
D)  Ways and Means Committee.

Question 15

What is the purpose of Treasury Regulations?

Accepted Answer

The Treasury Department issues regulatio

Question 16

If the U.S. Supreme Court decides to hear an appeal of a tax case, it will grant a

Accepted Answer

A)  writ of appeal. 
B)  writ of certiorari. 
C)  writ of detainer. 
D)  writ of habeas corpus. 
A)  writ of appeal. 
B)  writ of certiorari. 
C)  writ of detainer. 
D)  writ of habeas corpus.

Question 17

What are some of the factors to consider when deciding in which court to file a tax-related claim?

Accepted Answer

Factors to consider include ea

Question 18

Which of the following is a true statement regarding primary authority of tax law?

Accepted Answer

A)  Articles in The Journal of Taxation are viewed as primary authority. 
B)  Primary authority includes the Code, as well as administrative and judicial interpretations. 
C)  The Bloomberg BNA Daily Tax Reporter is a source of primary tax authority. 
D)  Tax services are sources of primary tax authority. 
A)  Articles in The Journal of Taxation are viewed as primary authority. 
B)  Primary authority includes the Code, as well as administrative and judicial interpretations. 
C)  The Bloomberg BNA Daily Tax Reporter is a source of primary tax authority. 
D)  Tax services are sources of primary tax authority.

Question 19

Indicate which courts decided the case cited below. Also indicate on which pages and in which publications the authority is reported.
U.S. v. Maclin P. Davis, 397 U.S. 301, 25 AFTR 2d 70-827, 70-1 USTC & 9289 (1970).

Accepted Answer

This case appears in Vol. 397, page 301,

Question 20

Identify which of the following statements is true.

Accepted Answer

A)  The citation, 41 TCM 1272, refers to a Tax Court regular decision published by Commerce Clearing House. 
B)  The Federal Supplement contains only tax cases. 
C)  The American Federal Tax Reports contain only tax cases. 
D)  All of the above are false. 
A)  The citation, 41 TCM 1272, refers to a Tax Court regular decision published by Commerce Clearing House. 
B)  The Federal Supplement contains only tax cases. 
C)  The American Federal Tax Reports contain only tax cases. 
D)  All of the above are false.

Which of the following courts is not a trial court for tax cases?

The term "tax law" includes

Describe the appeals process in tax litigation.

What is an information release?

According to the Statements on Standards for Tax Services, what belief should a CPA have before taking a pro-taxpayer position on a tax return?

Why should tax researchers take note of the date on which a Treasury Regulation was adopted?

Distinguish between an annotated tax service and a topical tax service.

Which of the following documents is issued by the IRS to a specific taxpayer?

Identify which of the following statements is false.

When a court discusses issues not raised by the facts, the comments

You need to locate a recent tax case that was tried in a Federal district court. The decision is an "unreported" decision. This means the decision was

Ralph's business records were lost as a result of Hurricane Katrina. CPA Jane prepares Ralph's return using estimates. What do the Statements on Standards for Tax Services state about the use of estimates?

The committee that is responsible for holding hearings on tax legislation for the House of Representatives is the

What is the purpose of Treasury Regulations?

If the U.S. Supreme Court decides to hear an appeal of a tax case, it will grant a

What are some of the factors to consider when deciding in which court to file a tax-related claim?

Which of the following is a true statement regarding primary authority of tax law?

Indicate which courts decided the case cited below. Also indicate on which pages and in which publications the authority is reported. U.S. v. Maclin P. Davis, 397 U.S. 301, 25 AFTR 2d 70-827, 70-1 USTC & 9289 (1970).

Identify which of the following statements is true.

Corporate Formations and Capital Structure

The Corporate Income Tax

Corporate Nonliquidating Distributions

Other Corporate Tax Levies

Corporate Liquidating Distributions

Corporate Acquisitions and Reorganizations

Consolidated Tax Returns

Partnership Formation and Operation

Special Partnership Issues

S Corporations

The Gift Tax

The Estate Tax

Income Taxation of Trusts and Estates

Administrative Procedures

Us Taxation of Foreign-Related Transactions

Filters

Exam 1: Tax Research

Which of the following courts is not a trial court for tax cases?

The term "tax law" includes

Describe the appeals process in tax litigation.

What is an information release?

According to the Statements on Standards for Tax Services, what belief should a CPA have before taking a pro-taxpayer position on a tax return?

Why should tax researchers take note of the date on which a Treasury Regulation was adopted?

Distinguish between an annotated tax service and a topical tax service.

Which of the following documents is issued by the IRS to a specific taxpayer?

Identify which of the following statements is false.

When a court discusses issues not raised by the facts, the comments

You need to locate a recent tax case that was tried in a Federal district court. The decision is an "unreported" decision. This means the decision was

Ralph's business records were lost as a result of Hurricane Katrina. CPA Jane prepares Ralph's return using estimates. What do the Statements on Standards for Tax Services state about the use of estimates?

The committee that is responsible for holding hearings on tax legislation for the House of Representatives is the

What is the purpose of Treasury Regulations?

If the U.S. Supreme Court decides to hear an appeal of a tax case, it will grant a

What are some of the factors to consider when deciding in which court to file a tax-related claim?

Which of the following is a true statement regarding primary authority of tax law?

Indicate which courts decided the case cited below. Also indicate on which pages and in which publications the authority is reported. U.S. v. Maclin P. Davis, 397 U.S. 301, 25 AFTR 2d 70-827, 70-1 USTC & 9289 (1970).

Identify which of the following statements is true.

Corporate Formations and Capital Structure

The Corporate Income Tax

Corporate Nonliquidating Distributions

Other Corporate Tax Levies

Corporate Liquidating Distributions

Corporate Acquisitions and Reorganizations

Consolidated Tax Returns

Partnership Formation and Operation

Special Partnership Issues

S Corporations

The Gift Tax

The Estate Tax

Income Taxation of Trusts and Estates

Administrative Procedures

Us Taxation of Foreign-Related Transactions

Filters