Question 1

Determination Letters are:

Accepted Answer

A) issued by the National Office of the IRS on proposed transactions 
B) issued by a local IRS office, usually on completed transactions 
C) published first in the Internal Revenue Bulletin 
D) issued toIRS field agents as audit guidance 
A) issued by the National Office of the IRS on proposed transactions 
B) issued by a local IRS office, usually on completed transactions 
C) published first in the Internal Revenue Bulletin 
D) issued toIRS field agents as audit guidance

Question 2

Define general and legislative regulations, and explain the distinction.

Accepted Answer

General regulations are issued under the

Question 3

Describe the Internal Revenue Bulletin, and identify the types of documents published in the Bulletin. Explain when it is published and the citations used toreference the Bulletin.

Accepted Answer

The Internal Revenue Bulletin (IRB)is th

Question 4

In the citation Reg. §1.162-2(a) (1), the number "162" stands for the:

Accepted Answer

A) type of Regulation 
B) related Code section 
C) Code of Federal Regulations 
D) Regulation paragraph 
A) type of Regulation 
B) related Code section 
C) Code of Federal Regulations 
D) Regulation paragraph

Question 5

Field Service Advice (FSAs)are binding guidance provided by the IRS National Office toIRS service centers.

Accepted Answer

A) True 
 B)False

Question 6

All of the following types of tax documents are published in the Internal Revenue Bulletin EXCEPT:

Accepted Answer

A) IRS Revenue Procedures 
B) IRS Letter Rulings 
C) Treasury decisions 
D) new tax treaties 
E) all of these documents are published in the Internal Revenue Bulletin 
A) IRS Revenue Procedures 
B) IRS Letter Rulings 
C) Treasury decisions 
D) new tax treaties 
E) all of these documents are published in the Internal Revenue Bulletin

Question 7

IRS Technical Memoranda summarize and explain regulations.

Accepted Answer

A) True 
 B)False

Question 8

Actions on Decision are published by the IRS in the Internal Revenue Bulletin and before 2009 in semiannual Cumulative Bulletins.

Accepted Answer

A) True 
 B)False

Question 9

The U.S. Treasury Department is a part of the Internal Revenue Service.

Accepted Answer

A) True 
 B)False

Question 10

An IRS Technical Advice Memorandum applies strictly tothe taxpayer for whose audit it was requested and cannot be relied upon by other taxpayers.

Accepted Answer

A) True 
 B)False

Question 11

The Internal Revenue Bulletin is currently published in twice-yearly bound volumes as the Cumulative Bulletin.

Accepted Answer

A) True 
 B)False

Question 12

Which citation represents the CORRECT numbering scheme for identification of IRS written determinations?

Accepted Answer

A) 9538005, where "95" is the year, "38" is the week of the year, and "005" is the number of the ruling/memoranda that week 
B) LTR 2010-43, where "2010" is the year and "43" is the number of the ruling or memoranda for that year 
C) 1996 C.B. 6, where 1996 is the year and 6 is the page number for the ruling or memoranda 
D) 200917024 where "2009" is the year, "17" is the week of the year, and "024" is the number of the ruling/memoranda for that week 
A) 9538005, where "95" is the year, "38" is the week of the year, and "005" is the number of the ruling/memoranda that week 
B) LTR 2010-43, where "2010" is the year and "43" is the number of the ruling or memoranda for that year 
C) 1996 C.B. 6, where 1996 is the year and 6 is the page number for the ruling or memoranda 
D) 200917024 where "2009" is the year, "17" is the week of the year, and "024" is the number of the ruling/memoranda for that week

Question 13

Which of the following statements is INCORRECT regarding the effective date of Regulations?

Accepted Answer

A) A Regulation becomes effective 18 months after the statute on which it is based was enacted. 
B) A Regulation is effective on the date on which the Regulation is filed with the Federal Register. 
C) Temporary Regulations are effective immediately upon publication. 
D) All of these are correct. 
A) A Regulation becomes effective 18 months after the statute on which it is based was enacted. 
B) A Regulation is effective on the date on which the Regulation is filed with the Federal Register. 
C) Temporary Regulations are effective immediately upon publication. 
D) All of these are correct.

Question 14

Temporary Regulations expire:

Accepted Answer

A) after an IRS hearing on the regulations 
B) at the end of the public comment period 
C) five years after issuance pursuant tothe statute 
D) three years after issuance pursuant tothe statute 
E) Temporary Regulations never expire 
A) after an IRS hearing on the regulations 
B) at the end of the public comment period 
C) five years after issuance pursuant tothe statute 
D) three years after issuance pursuant tothe statute 
E) Temporary Regulations never expire

Question 15

A _____ 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) nonacquiescence 
B) acquiescence 
C) noncommittal 
D) none of these are correct 
A) nonacquiescence 
B) acquiescence 
C) noncommittal 
D) none of these are correct

Question 16

Treasury Decisions are published first , officially, in:

Accepted Answer

A) the Internal Revenue Bulletin 
B) first in the Internal Revenue Bulletin and then in the Federal Register 
C) the Federal Register 
D) Congressional Committee Reports 
A) the Internal Revenue Bulletin 
B) first in the Internal Revenue Bulletin and then in the Federal Register 
C) the Federal Register 
D) Congressional Committee Reports

Question 17

The Commissioner of the IRS is appointed by the:

Accepted Answer

A) The Treasury Secretary 
B) The President of the United States 
C) The Chief Counsel of the IRS 
D) General Counsel of the Treasury Department 
A) The Treasury Secretary 
B) The President of the United States 
C) The Chief Counsel of the IRS 
D) General Counsel of the Treasury Department

Question 18

The IRS issues General Regulations under the general authority granted tothe IRS tointerpret the language of the Code, usually under a specific Code (or committee report)directive of Congress.

Accepted Answer

A) True 
 B)False

Question 19

Which statement is INCORRECT regarding Proposed Regulations?

Accepted Answer

A) They donot have the same effect as law. 
B) Proposed Regulations are useful for understanding the IRS's current position on an issue but generally should not be relied on by a taxpayer unless the IRS provides explicit advice on doing so. 
C) Proposed Regulations carry the same authority as Final Regulations. 
D) None of these are correct. 
A) They donot have the same effect as law. 
B) Proposed Regulations are useful for understanding the IRS's current position on an issue but generally should not be relied on by a taxpayer unless the IRS provides explicit advice on doing so. 
C) Proposed Regulations carry the same authority as Final Regulations. 
D) None of these are correct.

Question 20

Which of the following statements is INCORRECT with regard toIRS Revenue Rulings?

Accepted Answer

A) Revenue Rulings apply the Code and Regulations toa specific factual situation. 
B) Revenue Rulings are published chiefly togive guidance totaxpayers. 
C) A Revenue Ruling is an official pronouncement of Congress. 
D) All of these are correct. 
A) Revenue Rulings apply the Code and Regulations toa specific factual situation. 
B) Revenue Rulings are published chiefly togive guidance totaxpayers. 
C) A Revenue Ruling is an official pronouncement of Congress. 
D) All of these are correct.

Determination Letters are:

Define general and legislative regulations, and explain the distinction.

Describe the Internal Revenue Bulletin, and identify the types of documents published in the Bulletin. Explain when it is published and the citations used toreference the Bulletin.

In the citation Reg. §1.162-2(a) (1), the number "162" stands for the:

Field Service Advice (FSAs)are binding guidance provided by the IRS National Office toIRS service centers.

All of the following types of tax documents are published in the Internal Revenue Bulletin EXCEPT:

IRS Technical Memoranda summarize and explain regulations.

Actions on Decision are published by the IRS in the Internal Revenue Bulletin and before 2009 in semiannual Cumulative Bulletins.

The U.S. Treasury Department is a part of the Internal Revenue Service.

An IRS Technical Advice Memorandum applies strictly tothe taxpayer for whose audit it was requested and cannot be relied upon by other taxpayers.

The Internal Revenue Bulletin is currently published in twice-yearly bound volumes as the Cumulative Bulletin.

Which citation represents the CORRECT numbering scheme for identification of IRS written determinations?

Which of the following statements is INCORRECT regarding the effective date of Regulations?

Temporary Regulations expire:

A _____ 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.

Treasury Decisions are published first , officially, in:

The Commissioner of the IRS is appointed by the:

The IRS issues General Regulations under the general authority granted tothe IRS tointerpret the language of the Code, usually under a specific Code (or committee report)directive of Congress.

Which statement is INCORRECT regarding Proposed Regulations?

Which of the following statements is INCORRECT with regard toIRS Revenue Rulings?

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

Exam 4: Administrative Regulations and Rulings

Determination Letters are:

Define general and legislative regulations, and explain the distinction.

Describe the Internal Revenue Bulletin, and identify the types of documents published in the Bulletin. Explain when it is published and the citations used toreference the Bulletin.

In the citation Reg. §1.162-2(a) (1), the number "162" stands for the:

Field Service Advice (FSAs)are binding guidance provided by the IRS National Office toIRS service centers.

All of the following types of tax documents are published in the Internal Revenue Bulletin EXCEPT:

IRS Technical Memoranda summarize and explain regulations.

Actions on Decision are published by the IRS in the Internal Revenue Bulletin and before 2009 in semiannual Cumulative Bulletins.

The U.S. Treasury Department is a part of the Internal Revenue Service.

An IRS Technical Advice Memorandum applies strictly tothe taxpayer for whose audit it was requested and cannot be relied upon by other taxpayers.

The Internal Revenue Bulletin is currently published in twice-yearly bound volumes as the Cumulative Bulletin.

Which citation represents the CORRECT numbering scheme for identification of IRS written determinations?

Which of the following statements is INCORRECT regarding the effective date of Regulations?

Temporary Regulations expire:

A _____ 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.

Treasury Decisions are published first , officially, in:

The Commissioner of the IRS is appointed by the:

The IRS issues General Regulations under the general authority granted tothe IRS tointerpret the language of the Code, usually under a specific Code (or committee report)directive of Congress.

Which statement is INCORRECT regarding Proposed Regulations?

Which of the following statements is INCORRECT with regard toIRS Revenue Rulings?

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