Question 1

The Tax Court departs from its general policy of ruling uniformly for all taxpayers where

Accepted Answer

A) a U.S.District Court has ruled differently on the issue in the taxpayer's jurisdiction. 
B) the U.S.Court of Federal Claims has ruled differently on the issue in the taxpayer's jurisdiction. 
C) the Court of Appeals in the circuit to which the Tax Court decision would be appealed has ruled differently on the issue. 
D) the IRS has indicated that it will acquiesce. 
A) a U.S.District Court has ruled differently on the issue in the taxpayer's jurisdiction. 
B) the U.S.Court of Federal Claims has ruled differently on the issue in the taxpayer's jurisdiction. 
C) the Court of Appeals in the circuit to which the Tax Court decision would be appealed has ruled differently on the issue. 
D) the IRS has indicated that it will acquiesce.

Question 2

Identify which of the following statements is false.

Accepted Answer

A) The U.S.Tax Court must follow the previous decisions of the U.S.District Court for the district in which the taxpayer lives. 
B) The U.S.Tax Court follows the previous decisions of the U.S.Court of Appeals to which the tax matter is appealable. 
C) The opportunity for "forum shopping" occurs when different precedents on the same point exist. 
D) The U.S.Tax Court may intentionally issue conflicting decisions. 
A) The U.S.Tax Court must follow the previous decisions of the U.S.District Court for the district in which the taxpayer lives. 
B) The U.S.Tax Court follows the previous decisions of the U.S.Court of Appeals to which the tax matter is appealable. 
C) The opportunity for "forum shopping" occurs when different precedents on the same point exist. 
D) The U.S.Tax Court may intentionally issue conflicting decisions.

Question 3

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 4

Under what circumstances might a tax advisor find the provisions of a tax treaty useful?

Accepted Answer

A tax advisor might consult th

Question 5

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 6

Which tax service is usually deemed to be the most authoritative?

Accepted Answer

A) United States Tax Reporter 
B) Standard Federal Tax Reporter 
C) Federal Tax Coordinator 2d 
D) All are equally authoritative. 
A) United States Tax Reporter 
B) Standard Federal Tax Reporter 
C) Federal Tax Coordinator 2d 
D) All are equally authoritative.

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

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 9

The primary citation for a federal circuit court of appeals case would be

Accepted Answer

A) 40 AFTR 2d 78-1234. 
B) 44 F.Supp.403. 
C) 3 F.3d 134. 
D) 79-2 USTC & 9693. 
A) 40 AFTR 2d 78-1234. 
B) 44 F.Supp.403. 
C) 3 F.3d 134. 
D) 79-2 USTC & 9693.

Question 10

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 11

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 12

Which of the following statements regarding proposed regulations is not correct?

Accepted Answer

A) Proposed regulations expire after three years. 
B) Practitioners and other interested parties may comment on proposed regulations. 
C) Proposed and temporary regulations are generally issued simultaneously. 
D) Proposed regulations do not provide any insight into the IRS's interpretation of the tax law. 
A) Proposed regulations expire after three years. 
B) Practitioners and other interested parties may comment on proposed regulations. 
C) Proposed and temporary regulations are generally issued simultaneously. 
D) Proposed regulations do not provide any insight into the IRS's interpretation of the tax law.

Question 13

When the House and Senate versions of a tax bill are not in agreement,the disagreements are resolved by the

Accepted Answer

A) Ways and Means Committee. 
B) Mediation Committee. 
C) Revenue Committee. 
D) Conference Committee. 
A) Ways and Means Committee. 
B) Mediation Committee. 
C) Revenue Committee. 
D) Conference Committee.

Question 14

Why does a researcher use a citator?

Accepted Answer

A) to check on authorities issued subsequent to a court decision 
B) to determine whether a private letter ruling exists on the subject 
C) for examples of the application of a tax provision 
D) none of the above 
A) to check on authorities issued subsequent to a court decision 
B) to determine whether a private letter ruling exists on the subject 
C) for examples of the application of a tax provision 
D) none of the above

Question 15

Assume that you want to read a description of a particular area of the law,along with one or more illustrations of how that law is applied.You will not find that type of material in

Accepted Answer

A) a citator. 
B) the Treasury Regulations. 
C) the Cumulative Bulletin. 
D) the Committee Reports. 
A) a citator. 
B) the Treasury Regulations. 
C) the Cumulative Bulletin. 
D) the Committee Reports.

Question 16

Describe the format of a client memo.

Accepted Answer

A client memo should include a statement

Question 17

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 18

Which of the following best describes the weight of a revenue ruling?

Accepted Answer

A) Revenue rulings carry more weight than regulations. 
B) Revenue rulings carry more weight than federal court decisions. 
C) Regulations carry more weight than revenue rulings. 
D) Revenue rulings should never be used as authority since they only apply to the taxpayer requesting the ruling. 
A) Revenue rulings carry more weight than regulations. 
B) Revenue rulings carry more weight than federal court decisions. 
C) Regulations carry more weight than revenue rulings. 
D) Revenue rulings should never be used as authority since they only apply to the taxpayer requesting the ruling.

Question 19

The tax statutes with the popular name "The Internal Revenue Code of 1986" are contained in which Title of the Code?

Accepted Answer

A) 20 
B) 25 
C) 26 
D) 301 
A) 20 
B) 25 
C) 26 
D) 301

Question 20

The number appearing immediately following the decimal place in a regulation citation refers to the

Accepted Answer

A) general subject matter of the regulation. 
B) Code section being interpreted. 
C) sequential number of the regulation. 
D) subsection of the Code section being interpreted. 
A) general subject matter of the regulation. 
B) Code section being interpreted. 
C) sequential number of the regulation. 
D) subsection of the Code section being interpreted.

Exam 1: Tax Research

The Tax Court departs from its general policy of ruling uniformly for all taxpayers where

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

Under what circumstances might a tax advisor find the provisions of a tax treaty useful?

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

Which tax service is usually deemed to be the most authoritative?

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

Identify which of the following statements is false.

The primary citation for a federal circuit court of appeals case would be

Identify which of the following statements is false.

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

Which of the following statements regarding proposed regulations is not correct?

When the House and Senate versions of a tax bill are not in agreement,the disagreements are resolved by the

Why does a researcher use a citator?

Assume that you want to read a description of a particular area of the law,along with one or more illustrations of how that law is applied.You will not find that type of material in

Describe the format of a client memo.

A Technical Advice Memorandum is usually

Which of the following best describes the weight of a revenue ruling?

The tax statutes with the popular name "The Internal Revenue Code of 1986" are contained in which Title of the Code?

The number appearing immediately following the decimal place in a regulation citation refers to the

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

Tax Research

Corporations

Partnerships and S Corporations

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