Question 1

Tax journals perform which of the following functions?

Accepted Answer

A) offer researchers expert analysis of unclear tax issues 
B) keep researchers aware of current developments 
C) suggest tax planning techniques 
D) all of these are correct 
A) offer researchers expert analysis of unclear tax issues 
B) keep researchers aware of current developments 
C) suggest tax planning techniques 
D) all of these are correct

Question 2

Which of the following is an example of secondary authority?

Accepted Answer

A) tax treaties 
B) tax journals 
C) U.S. Constitution 
D) tax laws by Congress 
A) tax treaties 
B) tax journals 
C) U.S. Constitution 
D) tax laws by Congress

Question 3

The amount of a transaction represents a:

Accepted Answer

A) law issue 
B) social issue 
C) fact issue 
D) political issue 
A) law issue 
B) social issue 
C) fact issue 
D) political issue

Question 4

Tax researchers should not consider the client's potential liability in determining how much time tospend on a client's problem.

Accepted Answer

A) True 
 B)False

Question 5

A reference source that enables the researcher tofollow the judicial history of court cases is known as:

Accepted Answer

A) a case reporter 
B) a judicial directory 
C) the Cumulative Bulletin 
D) a citator 
A) a case reporter 
B) a judicial directory 
C) the Cumulative Bulletin 
D) a citator

Question 6

Explain the difference in primary and secondary sources of tax information and give several examples of each.

Accepted Answer

Primary authority consists of original p

Question 7

Which of the following statements is INCORRECT regarding the CPA exam?

Accepted Answer

A) The National Association of State Boards of Accountancy administers the test. 
B) Each state has its own test. 
C) CPA exam candidates must pass all four sections of the exam. 
D) The Regulation section requires tax research. 
A) The National Association of State Boards of Accountancy administers the test. 
B) Each state has its own test. 
C) CPA exam candidates must pass all four sections of the exam. 
D) The Regulation section requires tax research.

Question 8

Skilled tax research requires a combination of reasoning and creativity.

Accepted Answer

A) True 
 B)False

Question 9

Secondary sources are useful when:

Accepted Answer

A) conflicting primary authority exists 
B) the issue is a closed-fact problem 
C) a researcher does not have access toprimary sources 
D) a researcher disagrees with the client 
A) conflicting primary authority exists 
B) the issue is a closed-fact problem 
C) a researcher does not have access toprimary sources 
D) a researcher disagrees with the client

Question 10

The search "stock or securities" would find documents that contain both the term "stock" and the term "securities."

Accepted Answer

A) True 
 B)False

Question 11

Collateral estoppel is a legal concept which:

Accepted Answer

A) allows relitigation on the same facts or same issues 
B) bars relitigation on the same facts or same issues 
C) requires that the court resolve factual issues in a taxpayer's favor 
D) none of these are correct 
A) allows relitigation on the same facts or same issues 
B) bars relitigation on the same facts or same issues 
C) requires that the court resolve factual issues in a taxpayer's favor 
D) none of these are correct

Question 12

The tax research process should be approached in a structured, step-by-step manner.

Accepted Answer

A) True 
 B)False

Question 13

After the researcher has located authority that deals with the client's problem, he or she must develop conclusions and recommendations.

Accepted Answer

A) True 
 B)False

Question 14

List in sequential order the major steps involved in the tax research process.

Accepted Answer

The tax research process can be broken d

Question 15

The IRS website is a full-service, tax research resource.

Accepted Answer

A) True 
 B)False

Question 16

If a computer search generates toomuch information, the search may use fewer libraries or more unique keywords.

Accepted Answer

A) True 
 B)False

Question 17

List the significant tax facts that often influence the client's situation:

Accepted Answer

Significant facts that often influence t

Question 18

Which of the following are basic connectors you can use toconstruct a search query?

Accepted Answer

A) google 
B) not 
C) or 
D) * 
E) both not and or 
A) google 
B) not 
C) or 
D) * 
E) both not and or

Question 19

Tax research has been described as an "iterative process." Explain what this means tothe researcher and give an example of how this process might work with a hypothetical client.

Accepted Answer

The process of tax research is iterative

Question 20

Which of the following represents a law issue?

Accepted Answer

A) intent of the transaction 
B) definition of a term used in the code 
C) date of transaction 
D) location of the transaction 
E) all of these are correct 
A) intent of the transaction 
B) definition of a term used in the code 
C) date of transaction 
D) location of the transaction 
E) all of these are correct

Tax journals perform which of the following functions?

Which of the following is an example of secondary authority?

The amount of a transaction represents a:

Tax researchers should not consider the client's potential liability in determining how much time tospend on a client's problem.

A reference source that enables the researcher tofollow the judicial history of court cases is known as:

Explain the difference in primary and secondary sources of tax information and give several examples of each.

Which of the following statements is INCORRECT regarding the CPA exam?

Skilled tax research requires a combination of reasoning and creativity.

Secondary sources are useful when:

The search "stock or securities" would find documents that contain both the term "stock" and the term "securities."

Collateral estoppel is a legal concept which:

The tax research process should be approached in a structured, step-by-step manner.

After the researcher has located authority that deals with the client's problem, he or she must develop conclusions and recommendations.

List in sequential order the major steps involved in the tax research process.

The IRS website is a full-service, tax research resource.

If a computer search generates toomuch information, the search may use fewer libraries or more unique keywords.

List the significant tax facts that often influence the client's situation:

Which of the following are basic connectors you can use toconstruct a search query?

Tax research has been described as an "iterative process." Explain what this means tothe researcher and give an example of how this process might work with a hypothetical client.

Which of the following represents a law issue?

Introduction Totax Practice and Ethics

Constitutional and Legislative Sources

Administrative Regulations and Rulings

Judicial Interpretations

Thomson Reuters Checkpoint

CCH Intelliconnect

Other Tax Services and Tax Periodicals

Multijurisdictional Taxes

Communicating Research Results

Tax Planning

Working With the IRS

Tax Practice and Administration

Filters

Exam 2: Tax Research Methodology

Tax journals perform which of the following functions?

Which of the following is an example of secondary authority?

The amount of a transaction represents a:

Tax researchers should not consider the client's potential liability in determining how much time tospend on a client's problem.

A reference source that enables the researcher tofollow the judicial history of court cases is known as:

Explain the difference in primary and secondary sources of tax information and give several examples of each.

Which of the following statements is INCORRECT regarding the CPA exam?

Skilled tax research requires a combination of reasoning and creativity.

Secondary sources are useful when:

The search "stock or securities" would find documents that contain both the term "stock" and the term "securities."

Collateral estoppel is a legal concept which:

The tax research process should be approached in a structured, step-by-step manner.

After the researcher has located authority that deals with the client's problem, he or she must develop conclusions and recommendations.

List in sequential order the major steps involved in the tax research process.

The IRS website is a full-service, tax research resource.

If a computer search generates toomuch information, the search may use fewer libraries or more unique keywords.

List the significant tax facts that often influence the client's situation:

Which of the following are basic connectors you can use toconstruct a search query?

Tax research has been described as an "iterative process." Explain what this means tothe researcher and give an example of how this process might work with a hypothetical client.

Which of the following represents a law issue?

Introduction Totax Practice and Ethics

Constitutional and Legislative Sources

Administrative Regulations and Rulings

Judicial Interpretations

Thomson Reuters Checkpoint

CCH Intelliconnect

Other Tax Services and Tax Periodicals

Multijurisdictional Taxes

Communicating Research Results

Tax Planning

Working With the IRS

Tax Practice and Administration

Filters