Question 1

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

Accepted Answer

A citation should contain, at a minimum,

Question 2

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

Accepted Answer

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

Question 3

Identify which of the following statements is true.

Accepted Answer

A)  The first step in conducting tax research is to clearly understand the issues involved. 
B)  Tax planning is an integral part of both closed- fact situations and open- fact situations. 
C)  The Statements on Standards for Tax Services recommend that only written tax advice be provided to the client in all situations. 
D)  All of the above are false. 
A)  The first step in conducting tax research is to clearly understand the issues involved. 
B)  Tax planning is an integral part of both closed- fact situations and open- fact situations. 
C)  The Statements on Standards for Tax Services recommend that only written tax advice be provided to the client in all situations. 
D)  All of the above are false.

Question 4

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

Accepted Answer

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

Question 5

A revenue ruling is issued by the Internal Revenue Service only in response to a verbal inquiry by a taxpayer.

Accepted Answer

A) True 
 B)False

Question 6

The Internal Revenue Code of 1986 contains the current version of the tax law.

Accepted Answer

A) True 
 B)False

Question 7

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

Accepted Answer

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

Question 8

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

Accepted Answer

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

Question 9

Final regulations have almost the same legislative weight as the IRC.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A)  the IRS has indicated that it will acquiesce. 
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)  a U.S. District Court has ruled differently on the issue in the taxpayer's jurisdiction. 
A)  the IRS has indicated that it will acquiesce. 
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)  a U.S. District Court has ruled differently on the issue in the taxpayer's jurisdiction.

Question 11

Why does a researcher use a citator?

Accepted Answer

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

Question 12

Identify which of the following statements is false.

Accepted Answer

A)  The citation Rev. Rul. 2006- 5, I.R.B. 2006- 1, 33, indicates that the revenue ruling can be found on page 33 of the 1st I.R.B. for 2006. 
B)  The Cumulative Bulletin is issued semiannually while the Internal Revenue Bulletin is issued weekly. 
C)  The number "5" in the citation Reg. Sec. 1.166- 5 refers to the paragraph number. 
D)  All of the above are false. 
A)  The citation Rev. Rul. 2006- 5, I.R.B. 2006- 1, 33, indicates that the revenue ruling can be found on page 33 of the 1st I.R.B. for 2006. 
B)  The Cumulative Bulletin is issued semiannually while the Internal Revenue Bulletin is issued weekly. 
C)  The number "5" in the citation Reg. Sec. 1.166- 5 refers to the paragraph number. 
D)  All of the above are false.

Question 13

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

Accepted Answer

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

Question 14

Identify which of the following statements is false.

Accepted Answer

A)  Regular and memorandum decisions of the Tax Court are published by the government in the Tax Court of the United States Reports. 
B)  The Board of Tax Appeals preceded the Tax Court. 
C)  The citation Cristofani, 97 T.C. 74 (1991) indicates that the decision is a regular decision of the Tax Court. 
D)  The citation Estate of Newhouse, 94 T.C. 193 (1990), nonacq. 1991- 1 C.B. 1 indicates that the IRS did not formally disagree with this 1990 Tax Court decision until 1991. 
A)  Regular and memorandum decisions of the Tax Court are published by the government in the Tax Court of the United States Reports. 
B)  The Board of Tax Appeals preceded the Tax Court. 
C)  The citation Cristofani, 97 T.C. 74 (1991) indicates that the decision is a regular decision of the Tax Court. 
D)  The citation Estate of Newhouse, 94 T.C. 193 (1990), nonacq. 1991- 1 C.B. 1 indicates that the IRS did not formally disagree with this 1990 Tax Court decision until 1991.

Question 15

The citation "Reg. Sec. 1.199- 2" refers to

Accepted Answer

A)  the second regulation issued in 1999. 
B)  a regulation that can be found on page 199. 
C)  a regulation that interprets Code Section 199. 
D)  the first regulation issued in 1999. 
A)  the second regulation issued in 1999. 
B)  a regulation that can be found on page 199. 
C)  a regulation that interprets Code Section 199. 
D)  the first regulation issued in 1999.

Question 16

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 17

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

Accepted Answer

An annotated tax service is organized by

Question 18

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

Question 19

Appeals from the U.S. Tax Court are to the Court of Appeals for the Federal Circuit.

Accepted Answer

A) True 
 B)False

Question 20

Assume that the Tax Court decided an expenditure in question was deductible. The government appealed to the 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 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

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

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

Identify which of the following statements is true.

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

A revenue ruling is issued by the Internal Revenue Service only in response to a verbal inquiry by a taxpayer.

The Internal Revenue Code of 1986 contains the current version of the tax law.

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

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

Final regulations have almost the same legislative weight as the IRC.

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

Why does a researcher use a citator?

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.

The citation "Reg. Sec. 1.199- 2" refers to

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

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

Identify which of the following statements is true.

Appeals from the U.S. Tax Court are to the Court of Appeals for the Federal Circuit.

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

Filters

Exam 1: Tax Research

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

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

Identify which of the following statements is true.

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

A revenue ruling is issued by the Internal Revenue Service only in response to a verbal inquiry by a taxpayer.

The Internal Revenue Code of 1986 contains the current version of the tax law.

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

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

Final regulations have almost the same legislative weight as the IRC.

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

Why does a researcher use a citator?

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.

The citation "Reg. Sec. 1.199- 2" refers to

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

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

Identify which of the following statements is true.

Appeals from the U.S. Tax Court are to the Court of Appeals for the Federal Circuit.

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

Filters