Question 1

Most official IRS pronouncements are written by:

Accepted Answer

A) The IRS Office of Chief Counsel 
B) The IRS Commissioner 
C) The Treasury Secretary 
D) IRS Field Office Staff Members 
A) The IRS Office of Chief Counsel 
B) The IRS Commissioner 
C) The Treasury Secretary 
D) IRS Field Office Staff Members A

Question 2

The IRS, as an administrative agency, is responsible for:

Accepted Answer

A) formulating and interpreting the tax laws 
B) interpreting and enforcing the tax laws 
C) formulating and evaluating the tax laws 
D) planning and formulating the tax laws 
A) formulating and interpreting the tax laws 
B) interpreting and enforcing the tax laws 
C) formulating and evaluating the tax laws 
D) planning and formulating the tax laws B

Question 3

Which of the following Regulations deals with estate taxes?

Accepted Answer

A) Reg. §1.162-21(a) (2) 
B) Reg. §20.2503-4 
C) Reg. §1.6662-5T 
D) Reg. §31.3121(a)-2 
E) None of these are correct. 
A) Reg. §1.162-21(a) (2) 
B) Reg. §20.2503-4 
C) Reg. §1.6662-5T 
D) Reg. §31.3121(a)-2 
E) None of these are correct. B

Question 4

The Internal Revenue Bulletin would include:

Accepted Answer

A) new tax laws issued by Congress 
B) actions on decisions 
C) tax treaties 
D) IRS notices 
E) all of these are correct 
A) new tax laws issued by Congress 
B) actions on decisions 
C) tax treaties 
D) IRS notices 
E) all of these are correct

Question 5

In the citation Rev Rul. 87-90, 1987-1 CB 198, the number "90" is the:

Accepted Answer

A) ruling number for the year 
B) year of ruling 
C) paragraph number in the CB 
D) volume number in the CB 
A) ruling number for the year 
B) year of ruling 
C) paragraph number in the CB 
D) volume number in the CB

Question 6

Regulations may have retroactive effect in which of the following circumstances:

Accepted Answer

A) The Regulation is designed toprevent abuse by taxpayers. 
B) The Regulation relates tointernal Treasury Department policies, practices, or procedures. 
C) The Regulation may apply retroactively by Congressional directive. 
D) All of these are correct. 
A) The Regulation is designed toprevent abuse by taxpayers. 
B) The Regulation relates tointernal Treasury Department policies, practices, or procedures. 
C) The Regulation may apply retroactively by Congressional directive. 
D) All of these are correct.

Question 7

Proposed Regulations have the effect of law.

Accepted Answer

A) True 
 B)False

Question 8

The IRS's official publication for its pronouncements is the Internal Revenue Manual.

Accepted Answer

A) True 
 B)False

Question 9

IRS publications are published in the monthly Internal Revenue Bulletin as well as on the IRS website.

Accepted Answer

A) True 
 B)False

Question 10

Compare and contrast IRS Proposed Regulations, IRS Temporary Regulations, and IRS Final Regulations. Explain the weight of authority and citations for each type of regulation.

Accepted Answer

Regulations are issued by the IRS and Tr

Question 11

Temporary Regulations must be followed by taxpayers until they are superseded or until they expire.

Accepted Answer

A) True 
 B)False

Question 12

Technical Advice Memoranda are issued in response toa request by an IRS agent.

Accepted Answer

A) True 
 B)False

Question 13

IRS General Counsel Memoranda:

Accepted Answer

A) convey the IRS decision toacquiesce/nonacquiesce in a court decision 
B) summarize and explain published IRS Regulations 
C) have been replaced with chief counsel advice after 2002 
D) have only short-term value 
A) convey the IRS decision toacquiesce/nonacquiesce in a court decision 
B) summarize and explain published IRS Regulations 
C) have been replaced with chief counsel advice after 2002 
D) have only short-term value

Question 14

Which of the following is CORRECT with respect toPrivate Letter Rulings?

Accepted Answer

A) They are issued by the IRS National Office in response toa specific taxpayer request. 
B) They can be cited as precedent by other taxpayers. 
C) They are published weekly by the IRS in the Internal Revenue Bulletin. 
D) They are alsoknown as Technical Advice Memoranda. 
E) None of these are correct. 
A) They are issued by the IRS National Office in response toa specific taxpayer request. 
B) They can be cited as precedent by other taxpayers. 
C) They are published weekly by the IRS in the Internal Revenue Bulletin. 
D) They are alsoknown as Technical Advice Memoranda. 
E) None of these are correct.

Question 15

A Regulation can never be made effective retroactively.

Accepted Answer

A) True 
 B)False

Question 16

A nonacquiescence indicates that the IRS disagrees with the adverse decision in the case and will follow the decision only for the specific taxpayer whose case resulted in the adverse ruling.

Accepted Answer

A) True 
 B)False

Question 17

Revenue Procedures deal with:

Accepted Answer

A) specific taxpayer requests for the IRS's position on a tax issue 
B) applying the Code and Regulations toa specific factual situation 
C) the internal practice and procedures of the IRS in the administration of the tax laws 
D) all of these are correct 
A) specific taxpayer requests for the IRS's position on a tax issue 
B) applying the Code and Regulations toa specific factual situation 
C) the internal practice and procedures of the IRS in the administration of the tax laws 
D) all of these are correct

Question 18

Both Revenue Rulings and Letter Rulings have the same precedential value as far as authority in tax matters is concerned.

Accepted Answer

A) True 
 B)False

Question 19

An acquiescence indicates that a court decision will be:

Accepted Answer

A) appealed by the IRS 
B) followed in similar situations only if it favors the IRS 
C) followed in similar situations, even if it is adverse tothe IRS 
D) ignored by the IRS 
A) appealed by the IRS 
B) followed in similar situations only if it favors the IRS 
C) followed in similar situations, even if it is adverse tothe IRS 
D) ignored by the IRS

Question 20

List the three types of IRS written determinations and briefly explain the differences.

Accepted Answer

The three types of IRS written determina

Most official IRS pronouncements are written by:

The IRS, as an administrative agency, is responsible for:

Which of the following Regulations deals with estate taxes?

The Internal Revenue Bulletin would include:

In the citation Rev Rul. 87-90, 1987-1 CB 198, the number "90" is the:

Regulations may have retroactive effect in which of the following circumstances:

Proposed Regulations have the effect of law.

The IRS's official publication for its pronouncements is the Internal Revenue Manual.

IRS publications are published in the monthly Internal Revenue Bulletin as well as on the IRS website.

Compare and contrast IRS Proposed Regulations, IRS Temporary Regulations, and IRS Final Regulations. Explain the weight of authority and citations for each type of regulation.

Temporary Regulations must be followed by taxpayers until they are superseded or until they expire.

Technical Advice Memoranda are issued in response toa request by an IRS agent.

IRS General Counsel Memoranda:

Which of the following is CORRECT with respect toPrivate Letter Rulings?

A Regulation can never be made effective retroactively.

A nonacquiescence indicates that the IRS disagrees with the adverse decision in the case and will follow the decision only for the specific taxpayer whose case resulted in the adverse ruling.

Revenue Procedures deal with:

Both Revenue Rulings and Letter Rulings have the same precedential value as far as authority in tax matters is concerned.

An acquiescence indicates that a court decision will be:

List the three types of IRS written determinations and briefly explain the differences.

Introduction Totax Practice and Ethics

Tax Research Methodology

Constitutional and Legislative Sources

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

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Exam 4: Administrative Regulations and Rulings

Most official IRS pronouncements are written by:

The IRS, as an administrative agency, is responsible for:

Which of the following Regulations deals with estate taxes?

The Internal Revenue Bulletin would include:

In the citation Rev Rul. 87-90, 1987-1 CB 198, the number "90" is the:

Regulations may have retroactive effect in which of the following circumstances:

Proposed Regulations have the effect of law.

The IRS's official publication for its pronouncements is the Internal Revenue Manual.

IRS publications are published in the monthly Internal Revenue Bulletin as well as on the IRS website.

Compare and contrast IRS Proposed Regulations, IRS Temporary Regulations, and IRS Final Regulations. Explain the weight of authority and citations for each type of regulation.

Temporary Regulations must be followed by taxpayers until they are superseded or until they expire.

Technical Advice Memoranda are issued in response toa request by an IRS agent.

IRS General Counsel Memoranda:

Which of the following is CORRECT with respect toPrivate Letter Rulings?

A Regulation can never be made effective retroactively.

A nonacquiescence indicates that the IRS disagrees with the adverse decision in the case and will follow the decision only for the specific taxpayer whose case resulted in the adverse ruling.

Revenue Procedures deal with:

Both Revenue Rulings and Letter Rulings have the same precedential value as far as authority in tax matters is concerned.

An acquiescence indicates that a court decision will be:

List the three types of IRS written determinations and briefly explain the differences.

Introduction Totax Practice and Ethics

Tax Research Methodology

Constitutional and Legislative Sources

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