Question 1

IRS agents are bound only by which types of authority?

Accepted Answer

A) the Code 
B) the Code, administrative pronouncements and Supreme Court decisions 
C) Second and Ninth Circuit Court Decisions 
D) the Code and Regulations 
A) the Code 
B) the Code, administrative pronouncements and Supreme Court decisions 
C) Second and Ninth Circuit Court Decisions 
D) the Code and Regulations

Question 2

Which of the following statements is INCORRECT regarding letters tounsophisticated clients?

Accepted Answer

A) Citations tocontrolling authority should not be included. 
B) The letter should give the answer in the first paragraph. 
C) A practitioner should always attach a file memotogive the client more detailed information. 
D) All of these are correct. 
A) Citations tocontrolling authority should not be included. 
B) The letter should give the answer in the first paragraph. 
C) A practitioner should always attach a file memotogive the client more detailed information. 
D) All of these are correct.

Question 3

Identify the major elements of a client letter, and briefly discuss the difference between a letter toa sophisticated client and toan unsophisticated client.

Accepted Answer

In general, the client letter should be

Question 4

Toeffectively convey the results of a tax research project, the practitioner must:

Accepted Answer

A) consult IRS officials 
B) apply professional judgment and communication skills 
C) have an informal discussion with the client 
D) all of these are correct 
A) consult IRS officials 
B) apply professional judgment and communication skills 
C) have an informal discussion with the client 
D) all of these are correct

Question 5

Which of the following statements is INCORRECT regarding the use of visual aids in oral presentations?

Accepted Answer

A) Visual aids should be used toillustrate ideas that are difficult toconvey strictly with words. 
B) On average, allow at least three minutes of spoken presentation for each slide. 
C) Slides should be colorful with substantial amounts of text. 
D) All of these are correct. 
A) Visual aids should be used toillustrate ideas that are difficult toconvey strictly with words. 
B) On average, allow at least three minutes of spoken presentation for each slide. 
C) Slides should be colorful with substantial amounts of text. 
D) All of these are correct.

Question 6

Which of the following is CORRECT with respect toa file memo?

Accepted Answer

A) It should include only the strengths of the client's position. 
B) It should include a list of the tax issues that are in dispute and a matching conclusion for each identified issue. 
C) It should be prepared only in closed-fact situations. 
D) All of these are correct. 
A) It should include only the strengths of the client's position. 
B) It should include a list of the tax issues that are in dispute and a matching conclusion for each identified issue. 
C) It should be prepared only in closed-fact situations. 
D) All of these are correct.

Question 7

State the purposes for which a file memorandum is designed.

Accepted Answer

A file memorandum is designed to: 
• org

Question 8

More research engagements entail closed-fact settings than open-fact situations.

Accepted Answer

A) True 
 B)False

Question 9

You are preparing for an audit with an IRS agent for an important client. Your research has uncovered several favorable rulings and court decisions. What are the key points that should guide you in evaluating sources of the law?

Accepted Answer

The following points must be considered

IRS agents are bound only by which types of authority?

Which of the following statements is INCORRECT regarding letters tounsophisticated clients?

Identify the major elements of a client letter, and briefly discuss the difference between a letter toa sophisticated client and toan unsophisticated client.

Toeffectively convey the results of a tax research project, the practitioner must:

Which of the following statements is INCORRECT regarding the use of visual aids in oral presentations?

Which of the following is CORRECT with respect toa file memo?

State the purposes for which a file memorandum is designed.

More research engagements entail closed-fact settings than open-fact situations.

You are preparing for an audit with an IRS agent for an important client. Your research has uncovered several favorable rulings and court decisions. What are the key points that should guide you in evaluating sources of the law?

Introduction Totax Practice and Ethics

Tax Research Methodology

Constitutional and Legislative Sources

Administrative Regulations and Rulings

Judicial Interpretations

Thomson Reuters Checkpoint

CCH Intelliconnect

Other Tax Services and Tax Periodicals

Multijurisdictional Taxes

Tax Planning

Working With the IRS

Tax Practice and Administration

Filters

Exam 10: Communicating Research Results

IRS agents are bound only by which types of authority?

Which of the following statements is INCORRECT regarding letters tounsophisticated clients?

Identify the major elements of a client letter, and briefly discuss the difference between a letter toa sophisticated client and toan unsophisticated client.

Toeffectively convey the results of a tax research project, the practitioner must:

Which of the following statements is INCORRECT regarding the use of visual aids in oral presentations?

Which of the following is CORRECT with respect toa file memo?

State the purposes for which a file memorandum is designed.

More research engagements entail closed-fact settings than open-fact situations.

You are preparing for an audit with an IRS agent for an important client. Your research has uncovered several favorable rulings and court decisions. What are the key points that should guide you in evaluating sources of the law?

Introduction Totax Practice and Ethics

Tax Research Methodology

Constitutional and Legislative Sources

Administrative Regulations and Rulings

Judicial Interpretations

Thomson Reuters Checkpoint

CCH Intelliconnect

Other Tax Services and Tax Periodicals

Multijurisdictional Taxes

Tax Planning

Working With the IRS

Tax Practice and Administration

Filters