Question 1

Identify which of the following statements is false.

Accepted Answer

A)  The IRS may retroactively revoke an acquiescence. 
B)  Letter rulings are binding only with respect to the taxpayer requesting the ruling. 
C)  The acquiescence policy was adopted by the U.S. Tax Court to permit litigating parties to agree on the exact amount of the tax due. 
D)  The small cases procedure of the U.S. Tax Court allows a less formal hearing but provides for no appeal. 
A)  The IRS may retroactively revoke an acquiescence. 
B)  Letter rulings are binding only with respect to the taxpayer requesting the ruling. 
C)  The acquiescence policy was adopted by the U.S. Tax Court to permit litigating parties to agree on the exact amount of the tax due. 
D)  The small cases procedure of the U.S. Tax Court allows a less formal hearing but provides for no appeal.

Question 2

A citator is used to find

Accepted Answer

A)  whether a case has been overturned. 
B)  the cases that have cited a case subsequent to the issuance of the opinion. 
C)  the judicial history of a case. 
D)  all of the above. 
A)  whether a case has been overturned. 
B)  the cases that have cited a case subsequent to the issuance of the opinion. 
C)  the judicial history of a case. 
D)  all of the above.

Question 3

A tax case cannot be appealed when initiated in the

Accepted Answer

A)  U.S. Tax Court using the small case procedures. 
B)  U.S. Court of Federal Claims. 
C)  U.S. Tax Court. 
D)  none of the above 
A)  U.S. Tax Court using the small case procedures. 
B)  U.S. Court of Federal Claims. 
C)  U.S. Tax Court. 
D)  none of the above

Question 4

When Congress passes a statute with language such as, "The Secretary shall prescribe such regulations as he may deem necessary," the regulations ultimately issued for that statute are

Accepted Answer

A)  interpretative regulations. 
B)  legislative regulations. 
C)  congressional regulations. 
D)  statutory regulations. 
A)  interpretative regulations. 
B)  legislative regulations. 
C)  congressional regulations. 
D)  statutory regulations.

Question 5

What are the purposes of citations in tax research?

Accepted Answer

Citations serve two purposes.

Question 6

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

Accepted Answer

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

Question 7

The taxpayer need not pay the disputed tax in advance when the suit is initiated in

Accepted Answer

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

Question 8

Explain how committee reports can be used in tax research. What do they indicate?

Accepted Answer

Committee reports can help res

Question 9

According to the AICPA's Statements on Standards for Tax Services, what duties does the tax practitioner owe the client?

Accepted Answer

The tax practitioner owes the client the

Question 10

Identify which of the following statements is true.

Accepted Answer

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

Question 11

Identify which of the following statements is true.

Accepted Answer

A)  Paragraph references are most commonly used when citing or referring to the tax statutes. 
B)  The Internal Revenue Code contains chapters, which are further subdivided into titles. 
C)  Before 1939, tax statutes were codified or compiled into one document. 
D)  Title 26 of the United States Code and the Internal Revenue Code of 1986 are synonymous. 
A)  Paragraph references are most commonly used when citing or referring to the tax statutes. 
B)  The Internal Revenue Code contains chapters, which are further subdivided into titles. 
C)  Before 1939, tax statutes were codified or compiled into one document. 
D)  Title 26 of the United States Code and the Internal Revenue Code of 1986 are synonymous.

Question 12

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

Question 13

Identify which of the following statements is false.

Accepted Answer

A)  Dicta are not authoritative. 
B)  Dicta in a court opinion has no influence on other tax proceedings. 
C)  When a court opinion discusses facts and issues on which the court does not rule, the comments are called dicta. 
D)  Published articles and tax services are examples of secondary sources of authority. 
A)  Dicta are not authoritative. 
B)  Dicta in a court opinion has no influence on other tax proceedings. 
C)  When a court opinion discusses facts and issues on which the court does not rule, the comments are called dicta. 
D)  Published articles and tax services are examples of secondary sources of authority.

Question 14

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

Accepted Answer

A)  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. 
B)  The case was tried in 1989 and was appealed in 1992. 
C)  The taxpayer, Joel Munro, won the case because there is no reference to the IRS. 
D)  This citation refers to a taxpayer conference between the IRS and the taxpayer. 
A)  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. 
B)  The case was tried in 1989 and was appealed in 1992. 
C)  The taxpayer, Joel Munro, won the case because there is no reference to the IRS. 
D)  This citation refers to a taxpayer conference between the IRS and the taxpayer.

Identify which of the following statements is false.

A citator is used to find

A tax case cannot be appealed when initiated in the

When Congress passes a statute with language such as, "The Secretary shall prescribe such regulations as he may deem necessary," the regulations ultimately issued for that statute are

What are the purposes of citations in tax research?

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

The taxpayer need not pay the disputed tax in advance when the suit is initiated in

Explain how committee reports can be used in tax research. What do they indicate?

According to the AICPA's Statements on Standards for Tax Services, what duties does the tax practitioner owe the client?

Identify which of the following statements is true.

Identify which of the following statements is true.

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

Identify which of the following statements is false.

You have the following citation: Joel Munro, 92 T.C. 71 (1989). 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

U.S. Taxation of Foreign-Related Transactions

Filters

Exam 1: Tax Research

Identify which of the following statements is false.

A citator is used to find

A tax case cannot be appealed when initiated in the

When Congress passes a statute with language such as, "The Secretary shall prescribe such regulations as he may deem necessary," the regulations ultimately issued for that statute are

What are the purposes of citations in tax research?

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

The taxpayer need not pay the disputed tax in advance when the suit is initiated in

Explain how committee reports can be used in tax research. What do they indicate?

According to the AICPA's Statements on Standards for Tax Services, what duties does the tax practitioner owe the client?

Identify which of the following statements is true.

Identify which of the following statements is true.

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

Identify which of the following statements is false.

You have the following citation: Joel Munro, 92 T.C. 71 (1989). 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

U.S. Taxation of Foreign-Related Transactions

Filters