Question 1

If these citations appeared after a trial court decision, which one means that the decision was overruled?

Accepted Answer

A) Aff'd 633 F.2d 512 (CA-7, 1980). 
B) Rem'd 399 F.2d 800 (CA-5, 1968). 
C) Aff'd 914 F.2d 396 (CA-3, 1990). 
D) Rev'd 935 F.2d 203 (CA-5, 1991). 
E) None of these. 
A) Aff'd 633 F.2d 512 (CA-7, 1980). 
B) Rem'd 399 F.2d 800 (CA-5, 1968). 
C) Aff'd 914 F.2d 396 (CA-3, 1990). 
D) Rev'd 935 F.2d 203 (CA-5, 1991). 
E) None of these. D

Question 2

Which of the following indicates that a decision has precedential value for future cases?

Accepted Answer

A) Stare decisis 
B) Golsen doctrine 
C) En banc 
D) Reenactment doctrine 
E) None of these 
A) Stare decisis 
B) Golsen doctrine 
C) En banc 
D) Reenactment doctrine 
E) None of these A

Question 3

The granting of a Writ of Certiorari indicates that at least four members of the Supreme Court believe that an issue is of sufficient importance to be heard by the full court.

Accepted Answer

A) True 
 B)False  True

Question 4

A letter ruling applies only to the taxpayer who asks for and obtains a letter ruling.

Accepted Answer

A) True 
 B)False

Question 5

A taxpayer who loses in a U.S.District Court may appeal directly to the:

Accepted Answer

A) U.S.Supreme Court. 
B) U.S.Tax Court. 
C) U.S.Court of Federal Claims. 
D) U.S.Circuit Court of Appeals. 
E) All of these. 
A) U.S.Supreme Court. 
B) U.S.Tax Court. 
C) U.S.Court of Federal Claims. 
D) U.S.Circuit Court of Appeals. 
E) All of these.

Question 6

Normally, when the Senate version of a tax bill differs from that passed by the House, a Joint Conference Committee drafts a compromise tax bill.

Accepted Answer

A) True 
 B)False

Question 7

Texas is in the jurisdiction of the Second Circuit Court of Appeals.

Accepted Answer

A) True 
 B)False

Question 8

Discuss the advantages and disadvantages of the Small Cases Division of the U.S.Tax Court.

Accepted Answer

There is no appeal from the Small Cases

Question 9

There are 11 geographic U.S.Circuit Court of Appeals.

Accepted Answer

A) True 
 B)False

Question 10

A taxpayer should always minimize his or her tax liability.

Accepted Answer

A) True 
 B)False

Question 11

In § 212(1), the number (1) stands for the:

Accepted Answer

A) Section number. 
B) Subsection number. 
C) Paragraph designation. 
D) Subparagraph designation. 
E) None of these. 
A) Section number. 
B) Subsection number. 
C) Paragraph designation. 
D) Subparagraph designation. 
E) None of these.

Question 12

Tax bills are handled by which committee in the U.S.House of Representatives?

Accepted Answer

A) Taxation Committee 
B) Ways and Means Committee 
C) Finance Committee 
D) Budget Committee 
E) None of these 
A) Taxation Committee 
B) Ways and Means Committee 
C) Finance Committee 
D) Budget Committee 
E) None of these

Question 13

Subchapter C refers to the subchapter in the Internal Revenue Code that deals with partnerships and partners.

Accepted Answer

A) True 
 B)False

Question 14

What are Treasury Department Regulations?

Accepted Answer

Regulations are issued by the U.S.Treasu

Question 15

Electronic (online) databases are most frequently searched by the keyword approach.

Accepted Answer

A) True 
 B)False

Question 16

The primary purpose of effective tax planning is to reduce or defer the tax in the current tax year.

Accepted Answer

A) True 
 B)False

Question 17

Revenue Rulings are first published in the Internal Revenue Bulletin.

Accepted Answer

A) True 
 B)False

Question 18

Revenue tax measures typically originate in the Senate Finance Committee of the U.S.Congress.

Accepted Answer

A) True 
 B)False

Question 19

Which tax-related website probably gives the best policy-orientation results?

Accepted Answer

A) taxalmanac.org. 
B) irs.gov. 
C) taxsites.com. 
D) taxanalysts.com. 
E) ustaxcourt.gov. 
A) taxalmanac.org. 
B) irs.gov. 
C) taxsites.com. 
D) taxanalysts.com. 
E) ustaxcourt.gov.

Question 20

Revenue Rulings issued by the National Office of the IRS carry the same legal force and effect as Regulations.

Accepted Answer

A) True 
 B)False

If these citations appeared after a trial court decision, which one means that the decision was overruled?

Which of the following indicates that a decision has precedential value for future cases?

The granting of a Writ of Certiorari indicates that at least four members of the Supreme Court believe that an issue is of sufficient importance to be heard by the full court.

A letter ruling applies only to the taxpayer who asks for and obtains a letter ruling.

A taxpayer who loses in a U.S.District Court may appeal directly to the:

Normally, when the Senate version of a tax bill differs from that passed by the House, a Joint Conference Committee drafts a compromise tax bill.

Texas is in the jurisdiction of the Second Circuit Court of Appeals.

Discuss the advantages and disadvantages of the Small Cases Division of the U.S.Tax Court.

There are 11 geographic U.S.Circuit Court of Appeals.

A taxpayer should always minimize his or her tax liability.

In § 212(1), the number (1) stands for the:

Tax bills are handled by which committee in the U.S.House of Representatives?

Subchapter C refers to the subchapter in the Internal Revenue Code that deals with partnerships and partners.

What are Treasury Department Regulations?

Electronic (online) databases are most frequently searched by the keyword approach.

The primary purpose of effective tax planning is to reduce or defer the tax in the current tax year.

Revenue Rulings are first published in the Internal Revenue Bulletin.

Revenue tax measures typically originate in the Senate Finance Committee of the U.S.Congress.

Which tax-related website probably gives the best policy-orientation results?

Revenue Rulings issued by the National Office of the IRS carry the same legal force and effect as Regulations.

An Introduction to Taxation and Understanding the Federal Tax Law

Tax Formula and Tax Determination an Overview of Property Transactions

Gross Income: Concepts and Inclusions

Gross Income: Exclusions

Deductions and Losses: in General

Deductions and Losses: Certain Business Expenses and Losses

Depreciation, Cost Recovery, Amortization, and Depletion

Deductions: Employee and Self-Employed-Related Expenses

Deductions and Losses: Certain Itemized Deductions

Investor Losses

Alternative Minimum Tax

Tax Credits and Payment Procedures

Property Transactions: Determination of Gain or Loss and Basic Considerations

Property Transactions: Nontaxable Exchanges

Property Transactions: Capital Gains and Losses

Property Transactions: Section 1231 and Recapture Provisions

Accounting Periods and Methods

Deferred Compensation

Corporations and Partnerships

Filters

Exam 2: Working With the Tax Law

If these citations appeared after a trial court decision, which one means that the decision was overruled?

Which of the following indicates that a decision has precedential value for future cases?

The granting of a Writ of Certiorari indicates that at least four members of the Supreme Court believe that an issue is of sufficient importance to be heard by the full court.

A letter ruling applies only to the taxpayer who asks for and obtains a letter ruling.

A taxpayer who loses in a U.S.District Court may appeal directly to the:

Normally, when the Senate version of a tax bill differs from that passed by the House, a Joint Conference Committee drafts a compromise tax bill.

Texas is in the jurisdiction of the Second Circuit Court of Appeals.

Discuss the advantages and disadvantages of the Small Cases Division of the U.S.Tax Court.

There are 11 geographic U.S.Circuit Court of Appeals.

A taxpayer should always minimize his or her tax liability.

In § 212(1), the number (1) stands for the:

Tax bills are handled by which committee in the U.S.House of Representatives?

Subchapter C refers to the subchapter in the Internal Revenue Code that deals with partnerships and partners.

What are Treasury Department Regulations?

Electronic (online) databases are most frequently searched by the keyword approach.

The primary purpose of effective tax planning is to reduce or defer the tax in the current tax year.

Revenue Rulings are first published in the Internal Revenue Bulletin.

Revenue tax measures typically originate in the Senate Finance Committee of the U.S.Congress.

Which tax-related website probably gives the best policy-orientation results?

Revenue Rulings issued by the National Office of the IRS carry the same legal force and effect as Regulations.

An Introduction to Taxation and Understanding the Federal Tax Law

Tax Formula and Tax Determination an Overview of Property Transactions

Gross Income: Concepts and Inclusions

Gross Income: Exclusions

Deductions and Losses: in General

Deductions and Losses: Certain Business Expenses and Losses

Depreciation, Cost Recovery, Amortization, and Depletion

Deductions: Employee and Self-Employed-Related Expenses

Deductions and Losses: Certain Itemized Deductions

Investor Losses

Alternative Minimum Tax

Tax Credits and Payment Procedures

Property Transactions: Determination of Gain or Loss and Basic Considerations

Property Transactions: Nontaxable Exchanges

Property Transactions: Capital Gains and Losses

Property Transactions: Section 1231 and Recapture Provisions

Accounting Periods and Methods

Deferred Compensation

Corporations and Partnerships

Filters