Question 1

The IRS's general authority toissue binding rules and regulations comes from which source?

Accepted Answer

A) the U.S. Constitution 
B) an Executive Order of the President 
C) a section of the Internal Revenue Code itself 
D) none of these are correct 
A) the U.S. Constitution 
B) an Executive Order of the President 
C) a section of the Internal Revenue Code itself 
D) none of these are correct

Question 2

T.D. 9479 refers toa Treasury Determination letter.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following IRS pronouncement citations is INCORRECT?

Accepted Answer

A) Notice 07-10, 2007 C.B. 324 
B) Publication 519 
C) Rev. Proc. 2011-14, 2011 I.R.B. 532 
D) Action on Decision 2010-002 
E) all of these citations are correct 
A) Notice 07-10, 2007 C.B. 324 
B) Publication 519 
C) Rev. Proc. 2011-14, 2011 I.R.B. 532 
D) Action on Decision 2010-002 
E) all of these citations are correct

Question 4

If a taxpayer disagrees with the scope or language of a Regulation, he or she has the burden of proving that the Regulation is improper.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following regulations bears the greatest precedential value?

Accepted Answer

A) Legislative regulations 
B) Interpretive r egulations 
C) Both legislative and interpretive regulations are about the same. 
D) Regulations cannot have precedential value. 
A) Legislative regulations 
B) Interpretive r egulations 
C) Both legislative and interpretive regulations are about the same. 
D) Regulations cannot have precedential value.

Question 6

The IRS, under nocircumstances, has the authority todecline toissue Letter Rulings.

Accepted Answer

A) True 
 B)False

Question 7

The courts may invalidate IRS Regulations if they are found toconflict with the Code.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following IRS pronouncements has the highest weight of authority?

Accepted Answer

A) IRS Revenue Rulings 
B) IRS Taxpayer Publications 
C) IRS Announcements 
D) All of these IRS pronouncements have equal weight of authority. 
A) IRS Revenue Rulings 
B) IRS Taxpayer Publications 
C) IRS Announcements 
D) All of these IRS pronouncements have equal weight of authority.

Question 9

The IRS disclaims responsibility for damages that a taxpayer may suffer in erroneously relying on its taxpayer publications.

Accepted Answer

A) True 
 B)False

The IRS's general authority toissue binding rules and regulations comes from which source?

T.D. 9479 refers toa Treasury Determination letter.

Which of the following IRS pronouncement citations is INCORRECT?

If a taxpayer disagrees with the scope or language of a Regulation, he or she has the burden of proving that the Regulation is improper.

Which of the following regulations bears the greatest precedential value?

The IRS, under nocircumstances, has the authority todecline toissue Letter Rulings.

The courts may invalidate IRS Regulations if they are found toconflict with the Code.

Which of the following IRS pronouncements has the highest weight of authority?

The IRS disclaims responsibility for damages that a taxpayer may suffer in erroneously relying on its taxpayer publications.

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

The IRS's general authority toissue binding rules and regulations comes from which source?

T.D. 9479 refers toa Treasury Determination letter.

Which of the following IRS pronouncement citations is INCORRECT?

If a taxpayer disagrees with the scope or language of a Regulation, he or she has the burden of proving that the Regulation is improper.

Which of the following regulations bears the greatest precedential value?

The IRS, under nocircumstances, has the authority todecline toissue Letter Rulings.

The courts may invalidate IRS Regulations if they are found toconflict with the Code.

Which of the following IRS pronouncements has the highest weight of authority?

The IRS disclaims responsibility for damages that a taxpayer may suffer in erroneously relying on its taxpayer publications.

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