Question 1

A taxpayer can obtain a jury trial in the U.S.Tax Court.

Accepted Answer

A) True 
 B)False

Question 2

A Bluebook is substantial authority for purposes of the accuracy related penalty.

Accepted Answer

A) True 
 B)False

Question 3

The following citation could be a correct citation: Rev.Rul.95-271,1995-64 I.R.B.18.

Accepted Answer

A) True 
 B)False

Question 4

Which item may not be cited as a precedent?

Accepted Answer

A) Regulations 
B) Temporary Regulations 
C) Technical Advice Memoranda 
D) U.S.District Court decision 
E) None of these 
A) Regulations 
B) Temporary Regulations 
C) Technical Advice Memoranda 
D) U.S.District Court decision 
E) None of these

Question 5

Currently, the Internal Revenue Code of 1986 does not contain §§ 308, 309, and 310.This absence means these sections were repealed by Congress.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following types of Regulations has the highest tax validity?

Accepted Answer

A) Temporary 
B) Legislative 
C) Interpretive 
D) Procedural 
E) None of these 
A) Temporary 
B) Legislative 
C) Interpretive 
D) Procedural 
E) None of these

Question 7

Temporary Regulations are only published in the Internal Revenue Bulletin.

Accepted Answer

A) True 
 B)False

Question 8

In a U.S.District Court, a jury can decide both questions of fact and questions of law.

Accepted Answer

A) True 
 B)False

Question 9

Determination letters usually involve completed transactions.

Accepted Answer

A) True 
 B)False

Question 10

What administrative release deals with a proposed transaction rather than a completed transaction?

Accepted Answer

A) Letter Ruling 
B) Technical Advice Memorandum 
C) Determination Letter 
D) Field Service Advice 
E) None of these 
A) Letter Ruling 
B) Technical Advice Memorandum 
C) Determination Letter 
D) Field Service Advice 
E) None of these

Question 11

The following citation is correct: Larry G.Mitchell, 131 T.C.215 (2008).

Accepted Answer

A) True 
 B)False

Question 12

A Temporary Regulation under § 303 of the Code would be cited as follows: Temp.Reg.§ 303.

Accepted Answer

A) True 
 B)False

Question 13

A researcher can find tax information on home page sites of:

Accepted Answer

A) Governmental bodies. 
B) Tax academics. 
C) Publishers. 
D) CPA firms. 
E) All of these. 
A) Governmental bodies. 
B) Tax academics. 
C) Publishers. 
D) CPA firms. 
E) All of these.

Question 14

The IRS will not acquiesce to the following tax decisions:

Accepted Answer

A) U.S.District Court. 
B) U.S.Tax Court. 
C) U.S.Court of Federal Claims. 
D) Small Case Division of the U.S.Tax Court. 
E) All of these. 
A) U.S.District Court. 
B) U.S.Tax Court. 
C) U.S.Court of Federal Claims. 
D) Small Case Division of the U.S.Tax Court. 
E) All of these.

Question 15

The Tax Cuts and Jobs Act of 2017 became part of the Internal Revenue Code of 1986.

Accepted Answer

A) True 
 B)False

Question 16

Which is not a primary source of tax law?

Accepted Answer

A) Notice 89-99, 1989-2 C.B.422. 
B) Estate of Harry Holmes v.Comm., 326 U.S.480 (1946). 
C) Rev.Rul.79-353, 1979-2 C.B.325. 
D) Prop.Reg.§ 1.752-4T(f). 
E) All of these are primary sources. 
A) Notice 89-99, 1989-2 C.B.422. 
B) Estate of Harry Holmes v.Comm., 326 U.S.480 (1946). 
C) Rev.Rul.79-353, 1979-2 C.B.325. 
D) Prop.Reg.§ 1.752-4T(f). 
E) All of these are primary sources.

Question 17

How can Congressional Committee Reports be used by a tax researcher?

Accepted Answer

Congressional Committee Reports often ex

Question 18

Which company does not publish citators for tax purposes?

Accepted Answer

A) John Wiley & Sons 
B) Commerce Clearing House 
C) Thomson Reuters (RI
A)  
D) Westlaw 
E) Shepard's 
A) John Wiley & Sons 
B) Commerce Clearing House 
C) Thomson Reuters (RI
A)  
D) Westlaw 
E) Shepard's

Question 19

The research process should always begin with a tax service.

Accepted Answer

A) True 
 B)False

Question 20

A jury trial is available in the following trial court:

Accepted Answer

A) U.S.Tax Court. 
B) U.S.Court of Federal Claims. 
C) U.S.District Court. 
D) U.S.Circuit Court of Appeals. 
E) None of these. 
A) U.S.Tax Court. 
B) U.S.Court of Federal Claims. 
C) U.S.District Court. 
D) U.S.Circuit Court of Appeals. 
E) None of these.

A taxpayer can obtain a jury trial in the U.S.Tax Court.

A Bluebook is substantial authority for purposes of the accuracy related penalty.

The following citation could be a correct citation: Rev.Rul.95-271,1995-64 I.R.B.18.

Which item may not be cited as a precedent?

Currently, the Internal Revenue Code of 1986 does not contain §§ 308, 309, and 310.This absence means these sections were repealed by Congress.

Which of the following types of Regulations has the highest tax validity?

Temporary Regulations are only published in the Internal Revenue Bulletin.

In a U.S.District Court, a jury can decide both questions of fact and questions of law.

Determination letters usually involve completed transactions.

What administrative release deals with a proposed transaction rather than a completed transaction?

The following citation is correct: Larry G.Mitchell, 131 T.C.215 (2008).

A Temporary Regulation under § 303 of the Code would be cited as follows: Temp.Reg.§ 303.

A researcher can find tax information on home page sites of:

The IRS will not acquiesce to the following tax decisions:

The Tax Cuts and Jobs Act of 2017 became part of the Internal Revenue Code of 1986.

Which is not a primary source of tax law?

How can Congressional Committee Reports be used by a tax researcher?

Which company does not publish citators for tax purposes?

The research process should always begin with a tax service.

A jury trial is available in the following trial court:

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

A taxpayer can obtain a jury trial in the U.S.Tax Court.

A Bluebook is substantial authority for purposes of the accuracy related penalty.

The following citation could be a correct citation: Rev.Rul.95-271,1995-64 I.R.B.18.

Which item may not be cited as a precedent?

Currently, the Internal Revenue Code of 1986 does not contain §§ 308, 309, and 310.This absence means these sections were repealed by Congress.

Which of the following types of Regulations has the highest tax validity?

Temporary Regulations are only published in the Internal Revenue Bulletin.

In a U.S.District Court, a jury can decide both questions of fact and questions of law.

Determination letters usually involve completed transactions.

What administrative release deals with a proposed transaction rather than a completed transaction?

The following citation is correct: Larry G.Mitchell, 131 T.C.215 (2008).

A Temporary Regulation under § 303 of the Code would be cited as follows: Temp.Reg.§ 303.

A researcher can find tax information on home page sites of:

The IRS will not acquiesce to the following tax decisions:

The Tax Cuts and Jobs Act of 2017 became part of the Internal Revenue Code of 1986.

Which is not a primary source of tax law?

How can Congressional Committee Reports be used by a tax researcher?

Which company does not publish citators for tax purposes?

The research process should always begin with a tax service.

A jury trial is available in the following trial court:

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