Question 1

Which of the following citations is the primary citation for a U.S.District Court case?

Accepted Answer

A) 43 AFTR 2d 79-1023 
B) 79-1 USTC &9323 
C) 55 F.2d 930 
D) 40 F.Supp.453 
A) 43 AFTR 2d 79-1023 
B) 79-1 USTC &9323 
C) 55 F.2d 930 
D) 40 F.Supp.453

Question 2

Investigation of a tax problem that involves a closed-fact situation means that

Accepted Answer

A) the client's transactions have already occurred and the tax questions must now be resolved. 
B) the client's tax return has yet to be filed. 
C) future events may be planned and controlled. 
D) research is primarily concerned with applying the law to the facts as they exist. 
A) the client's transactions have already occurred and the tax questions must now be resolved. 
B) the client's tax return has yet to be filed. 
C) future events may be planned and controlled. 
D) research is primarily concerned with applying the law to the facts as they exist.

Question 3

Which regulation deals with the gift tax?

Accepted Answer

A) Reg.Sec.1.165-5 
B) Reg.Sec.20.2014-5 
C) Reg.Sec.25.2518-5 
D) Reg.Sec.301.7002-5 
A) Reg.Sec.1.165-5 
B) Reg.Sec.20.2014-5 
C) Reg.Sec.25.2518-5 
D) Reg.Sec.301.7002-5

Question 4

Identify which of the following statements is false.

Accepted Answer

A) When tax advisors speak of the "tax law," they usually have in mind just the Internal Revenue Code. 
B) Members from both the House and the Senate are on the Conference Committee. 
C) Records of committee hearings are helpful in determining Congressional intent. 
D) All of the above are false. 
A) When tax advisors speak of the "tax law," they usually have in mind just the Internal Revenue Code. 
B) Members from both the House and the Senate are on the Conference Committee. 
C) Records of committee hearings are helpful in determining Congressional intent. 
D) All of the above are false.

Question 5

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 6

You have the following citation: Joel Munro,92 T.C.71 (1989).Which of the following statements is true?

Accepted Answer

A) The taxpayer,Joel Munro,won the case because there is no reference to the IRS. 
B) The case appears on page 71 in Volume 92 of the official Tax Court of the United States Reports and the case was decided in 1989. 
C) This citation refers to a taxpayer conference between the IRS and the taxpayer. 
D) The case was tried in 1989 and was appealed in 1992. 
A) The taxpayer,Joel Munro,won the case because there is no reference to the IRS. 
B) The case appears on page 71 in Volume 92 of the official Tax Court of the United States Reports and the case was decided in 1989. 
C) This citation refers to a taxpayer conference between the IRS and the taxpayer. 
D) The case was tried in 1989 and was appealed in 1992.

Question 7

Small case procedures of the U.S.Tax Court requires that the amount in dispute not exceed

Accepted Answer

A) $5,000. 
B) $10,000. 
C) $50,000. 
D) $100,000. 
A) $5,000. 
B) $10,000. 
C) $50,000. 
D) $100,000.

Question 8

Identify which of the following statements is true.

Accepted Answer

A) RIA United States Tax Reporter and CCH Standard Federal Tax Reporter are topical tax services. 
B) An annotated tax service is organized by broad subject areas. 
C) Annotations are summaries of IRS pronouncements and court opinions. 
D) All of the above are false. 
A) RIA United States Tax Reporter and CCH Standard Federal Tax Reporter are topical tax services. 
B) An annotated tax service is organized by broad subject areas. 
C) Annotations are summaries of IRS pronouncements and court opinions. 
D) All of the above are false.

Question 9

George's case was handled under the "small tax case procedure." He does not agree with the findings of the Tax Court.He would like to appeal the decision.Which one of the following is true?

Accepted Answer

A) There is no appeal. 
B) He can appeal the case,but only if the amount of tax involved is greater than $5,000. 
C) He would appeal first to the U.S.Court of Appeals for the Federal Circuit. 
D) He would appeal first to the U.S.Court of Federal Claims. 
A) There is no appeal. 
B) He can appeal the case,but only if the amount of tax involved is greater than $5,000. 
C) He would appeal first to the U.S.Court of Appeals for the Federal Circuit. 
D) He would appeal first to the U.S.Court of Federal Claims.

Question 10

Tax planning is not an integral part of open-fact situations.

Accepted Answer

A) True 
 B)False

Question 11

Identify which of the following statements is false.

Accepted Answer

A) Letter rulings are not published by the U.S.Government Printing Office. 
B) Technical advice memoranda are issued by the Internal Revenue Service's National Office to provide an answer to a technical question that arises in an audit. 
C) The citation Ann.2006-12,I.R.B.2006-51,22 refers to an annotation of an Internal Revenue Service release. 
D) Announcements are more technical than information releases. 
A) Letter rulings are not published by the U.S.Government Printing Office. 
B) Technical advice memoranda are issued by the Internal Revenue Service's National Office to provide an answer to a technical question that arises in an audit. 
C) The citation Ann.2006-12,I.R.B.2006-51,22 refers to an annotation of an Internal Revenue Service release. 
D) Announcements are more technical than information releases.

Question 12

Appeals from the Court of Appeals go to the Supreme Court under a writ of certiorari.The Supreme Court decides whether or not they will hear the case.

Accepted Answer

A) True 
 B)False

Question 13

Which regulation deals with Code Section 165?

Accepted Answer

A) Reg.Sec.1.165-5 
B) Reg.Sec.165.183-5 
C) Reg.Sec.1.5-165 
D) Reg.Sec.165-5 
A) Reg.Sec.1.165-5 
B) Reg.Sec.165.183-5 
C) Reg.Sec.1.5-165 
D) Reg.Sec.165-5

Question 14

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 15

Identify which of the following statements is true.

Accepted Answer

A) The U.S.Court of Federal Claims hears cases only in Washington,D.C. 
B) Each state has at least one U.S.District Court. 
C) Federal district court decisions and federal courts of appeals decisions are not printed by the U.S.Government Printing Office. 
D) All of the above are false. 
A) The U.S.Court of Federal Claims hears cases only in Washington,D.C. 
B) Each state has at least one U.S.District Court. 
C) Federal district court decisions and federal courts of appeals decisions are not printed by the U.S.Government Printing Office. 
D) All of the above are false.

Question 16

A Technical Advice Memorandum is usually

Accepted Answer

A) an internal IRS document describing alternative legislative proposals. 
B) part of a Tax Court decision. 
C) requested by the taxpayer before entering into a taxable transaction. 
D) issued by the national office in response to an audit request. 
A) an internal IRS document describing alternative legislative proposals. 
B) part of a Tax Court decision. 
C) requested by the taxpayer before entering into a taxable transaction. 
D) issued by the national office in response to an audit request.

Question 17

Identify which of the following statements is false.

Accepted Answer

A) Citations to the AFTR and the USTC are referred to as secondary citations. 
B) A circuit court of appeals must follow the opinion of another circuit court of appeals if the latter appeals court has previously ruled on the tax issue. 
C) A U.S.Supreme Court opinion in a tax matter has the same status as Congressional tax legislation. 
D) Circuit Court decisions are reported in the Federal Reporter. 
A) Citations to the AFTR and the USTC are referred to as secondary citations. 
B) A circuit court of appeals must follow the opinion of another circuit court of appeals if the latter appeals court has previously ruled on the tax issue. 
C) A U.S.Supreme Court opinion in a tax matter has the same status as Congressional tax legislation. 
D) Circuit Court decisions are reported in the Federal Reporter.

Question 18

Which of the following citations denotes a regular decision of the Tax Court?

Accepted Answer

A) 41 TCM 1272 
B) 35 T.C.1083 (2003) 
C) 39 AFTR 2d 77-640 
D) all of the above 
A) 41 TCM 1272 
B) 35 T.C.1083 (2003) 
C) 39 AFTR 2d 77-640 
D) all of the above

Question 19

Taxpayers must pay the disputed tax prior to filing a case with the Tax Court.

Accepted Answer

A) True 
 B)False

Question 20

What is the minimum information that should be contained in a citation?

Accepted Answer

A citation should contain,at a minimum,t

Exam 31: Tax Research

Which of the following citations is the primary citation for a U.S.District Court case?

Investigation of a tax problem that involves a closed-fact situation means that

Which regulation deals with the gift tax?

Identify which of the following statements is false.

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

You have the following citation: Joel Munro,92 T.C.71 (1989).Which of the following statements is true?

Small case procedures of the U.S.Tax Court requires that the amount in dispute not exceed

Identify which of the following statements is true.

George's case was handled under the "small tax case procedure." He does not agree with the findings of the Tax Court.He would like to appeal the decision.Which one of the following is true?

Tax planning is not an integral part of open-fact situations.

Identify which of the following statements is false.

Appeals from the Court of Appeals go to the Supreme Court under a writ of certiorari.The Supreme Court decides whether or not they will hear the case.

Which regulation deals with Code Section 165?

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

Identify which of the following statements is true.

A Technical Advice Memorandum is usually

Identify which of the following statements is false.

Which of the following citations denotes a regular decision of the Tax Court?

Taxpayers must pay the disputed tax prior to filing a case with the Tax Court.

What is the minimum information that should be contained in a citation?

Tax Research

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

U.S. Taxation of Foreign-Related Transactions

an Introduction to Taxation

Determination of Tax

Gross Income: Inclusions

Gross Income: Exclusions

Property Transactions: Capital Gains and Losses

Deductions and Losses

Business Expenses and Deferred Compensation

Itemized Deductions

Losses and Bad Debts

Depreciation,cost Recovery,amortization,and Depletion

Accounting Periods and Methods

Property Transactions: Nontaxable Exchanges

Property Transactions: Sec1231 and Recapture

Special Tax Computation Methods,tax Credits,and Payment of Tax

Corporations

Partnerships and S Corporations

Taxes and Investment Planning

Filters