Question 1

What are the purposes of citations in tax research?

Accepted Answer

Citations serve two purposes.

Question 2

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

Accepted Answer

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

Question 3

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

Accepted Answer

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

Question 4

In which courts may litigation dealing with tax matters begin? Discuss the factors that might be considered in deciding where to begin litigation.

Accepted Answer

The Tax Court, the U.S. Court of Federal

Question 5

A client wants to take a tax return position with less than a 10% probability of being upheld in court. The CPA should

Accepted Answer

A)  take the client's desired position, but not sign the tax return. 
B)  ask the client to sign a waiver of his right to sue the CPA in the event the IRS disallows the position. 
C)  inform the client that the position does not have a realistic possibility of success. 
D)  take the client's desired position and sign the return as usual. 
A)  take the client's desired position, but not sign the tax return. 
B)  ask the client to sign a waiver of his right to sue the CPA in the event the IRS disallows the position. 
C)  inform the client that the position does not have a realistic possibility of success. 
D)  take the client's desired position and sign the return as usual.

Question 6

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

Accepted Answer

An annotated tax service is organized by

Question 7

A Technical Advice Memorandum is usually

Accepted Answer

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

Question 8

Compare and contrast proposed, temporary, and final regulations.

Accepted Answer

Proposed regulations are not authoritati

Question 9

Identify which of the following statements is true.

Accepted Answer

A)  Legislative regulations are more likely to be invalidated by the courts than are interpretative regulations. 
B)  If regulations are issued prior to the latest tax legislation dealing with a specific Code section, the regulations are no longer effective to the extent they conflict with the provisions in the new legislation. 
C)  Regulations have more authoritative weight than tax statutes. 
D)  All of the above are false. 
A)  Legislative regulations are more likely to be invalidated by the courts than are interpretative regulations. 
B)  If regulations are issued prior to the latest tax legislation dealing with a specific Code section, the regulations are no longer effective to the extent they conflict with the provisions in the new legislation. 
C)  Regulations have more authoritative weight than tax statutes. 
D)  All of the above are false.

Question 10

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

Accepted Answer

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

Question 11

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 12

Identify which of the following statements is false.

Accepted Answer

A)  A U.S. Supreme Court opinion in a tax matter has the same status as Congressional tax legislation. 
B)  Circuit Court decisions are reported in the Federal Reporter. 
C)  Citations to the AFTR and the USTC are referred to as secondary citations. 
D)  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. 
A)  A U.S. Supreme Court opinion in a tax matter has the same status as Congressional tax legislation. 
B)  Circuit Court decisions are reported in the Federal Reporter. 
C)  Citations to the AFTR and the USTC are referred to as secondary citations. 
D)  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.

Question 13

What is the purpose of a citator?

Accepted Answer

Citators give a history of the

Question 14

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 15

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 16

Tax Court memorandum decisions

Accepted Answer

A)  cannot be appealed. 
B)  have less precedential value than regular decisions. 
C)  usually deal with factual variations of issues litigated previously. 
D)  are not published. 
A)  cannot be appealed. 
B)  have less precedential value than regular decisions. 
C)  usually deal with factual variations of issues litigated previously. 
D)  are not published.

Question 17

Discuss the differences and similarities between regular and memorandum decisions issued by the U.S. Tax Court.

Accepted Answer

Differences:
1) Regular decisions involv

Question 18

Regulations issued prior to the latest tax legislation dealing with a specific Code section are still effective to the extent they do not conflict with the provisions in the new legislation.

Accepted Answer

A) True 
 B)False

Question 19

Title 26 of the U.S. Code includes

Accepted Answer

A)  income tax legislation only. 
B)  alcohol and tobacco tax legislation only. 
C)  gift tax and estate tax legislation only. 
D)  all of the tax legislation mentioned above. 
A)  income tax legislation only. 
B)  alcohol and tobacco tax legislation only. 
C)  gift tax and estate tax legislation only. 
D)  all of the tax legislation mentioned above.

Question 20

Explain the legislative reenactment doctrine.

Accepted Answer

Under the legislative reenactment doctri

What are the purposes of citations in tax research?

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

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

In which courts may litigation dealing with tax matters begin? Discuss the factors that might be considered in deciding where to begin litigation.

A client wants to take a tax return position with less than a 10% probability of being upheld in court. The CPA should

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

A Technical Advice Memorandum is usually

Compare and contrast proposed, temporary, and final regulations.

Identify which of the following statements is true.

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

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

Identify which of the following statements is false.

What is the purpose of a citator?

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

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

Tax Court memorandum decisions

Discuss the differences and similarities between regular and memorandum decisions issued by the U.S. Tax Court.

Regulations issued prior to the latest tax legislation dealing with a specific Code section are still effective to the extent they do not conflict with the provisions in the new legislation.

Title 26 of the U.S. Code includes

Explain the legislative reenactment doctrine.

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

Tax Deductions and Travel Expenses for Employees and Self-Employed Individuals

Filters

Exam 1: Tax Research

What are the purposes of citations in tax research?

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

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

In which courts may litigation dealing with tax matters begin? Discuss the factors that might be considered in deciding where to begin litigation.

A client wants to take a tax return position with less than a 10% probability of being upheld in court. The CPA should

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

A Technical Advice Memorandum is usually

Compare and contrast proposed, temporary, and final regulations.

Identify which of the following statements is true.

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

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

Identify which of the following statements is false.

What is the purpose of a citator?

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

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

Tax Court memorandum decisions

Discuss the differences and similarities between regular and memorandum decisions issued by the U.S. Tax Court.

Regulations issued prior to the latest tax legislation dealing with a specific Code section are still effective to the extent they do not conflict with the provisions in the new legislation.

Title 26 of the U.S. Code includes

Explain the legislative reenactment doctrine.

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

Tax Deductions and Travel Expenses for Employees and Self-Employed Individuals

Filters