Question 1

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 C

Question 2

A tax researcher should ignore the personal preferences of a client and concentrate only on minimizing the client's tax liability.

Accepted Answer

A) True 
 B)False  False

Question 3

A reference source that enables the researcher to follow 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 D

Question 4

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 5

Which of the following forms the basis for all tax provisions?

Accepted Answer

A) secondary authority 
B) the administrative authority of the IRS 
C) judicial interpretation of the law 
D) the statutory authority of Congress 
A) secondary authority 
B) the administrative authority of the IRS 
C) judicial interpretation of the law 
D) the statutory authority of Congress

Question 6

Once the research question has been stated, the researcher must next:

Accepted Answer

A) gather the facts 
B) identify the keywords 
C) select a database and execute the search 
D) interpret and refine the search 
A) gather the facts 
B) identify the keywords 
C) select a database and execute the search 
D) interpret and refine the search

Question 7

The distinction between primary and secondary authority is important for which of the following reasons?

Accepted Answer

A) to meet the accuracy threshold of "substantial authority" 
B) to avoid penalties under Section 6662 of the Code 
C) to search properly with connectors and wildcards 
D) to meet the accuracy threshold of "substantial authority" and to avoid penalties under Section 6662 of the Code 
A) to meet the accuracy threshold of "substantial authority" 
B) to avoid penalties under Section 6662 of the Code 
C) to search properly with connectors and wildcards 
D) to meet the accuracy threshold of "substantial authority" and to avoid penalties under Section 6662 of the Code

Question 8

Which of the following are basic connectors you can use to construct 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 9

Which of the following statements describes the tax research process?

Accepted Answer

A) It is strictly linear. 
B) It requires mechanical skills combined with critical thinking. 
C) It requires the ability to use complex mathematical techniques to identify and locate tax authorities. 
D) All of these are correct. 
A) It is strictly linear. 
B) It requires mechanical skills combined with critical thinking. 
C) It requires the ability to use complex mathematical techniques to identify and locate tax authorities. 
D) All of these are correct.

Question 10

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 11

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

Question 12

The first step in the tax research process is to:

Accepted Answer

A) establish the facts 
B) identify the issues 
C) locate authority 
D) evaluate authority 
A) establish the facts 
B) identify the issues 
C) locate authority 
D) evaluate authority

Question 13

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 14

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

Accepted Answer

A) True 
 B)False

Question 15

Which of the following statements is CORRECT regarding online tax research?

Accepted Answer

A) The method of constructing queries is the same for all databases. 
B) Most online tax services allow the use of connectors and wild cards. 
C) If a query generates too little information, the researcher should add more unique keywords. 
D) All of these are correct. 
A) The method of constructing queries is the same for all databases. 
B) Most online tax services allow the use of connectors and wild cards. 
C) If a query generates too little information, the researcher should add more unique keywords. 
D) All of these are correct.

Question 16

Once the initial facts have been gathered and the issues defined, the tax researcher must:

Accepted Answer

A) develop conclusions and recommendations 
B) evaluate the authority 
C) contact the IRS 
D) locate the authority 
A) develop conclusions and recommendations 
B) evaluate the authority 
C) contact the IRS 
D) locate the authority

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

CCH's annotated or code-based commercial tax service is:

Accepted Answer

A) the United States Tax Reporter 
B) the Tax Coordinator 2d 
C) the Thomson Reuters Checkpoint 
D) the Federal Tax Library 
A) the United States Tax Reporter 
B) the Tax Coordinator 2d 
C) the Thomson Reuters Checkpoint 
D) the Federal Tax Library

Question 19

Which of the following is an administrative source of primary authority?

Accepted Answer

A) U.S. Constitution 
B) collected rulings of the various courts on federal tax matters 
C) revenue rulings 
D) newsletters 
A) U.S. Constitution 
B) collected rulings of the various courts on federal tax matters 
C) revenue rulings 
D) newsletters

Question 20

One of the issues a tax researcher should be concerned about is how definitive a research result must be.

Accepted Answer

A) True 
 B)False

The amount of a transaction represents a:

A tax researcher should ignore the personal preferences of a client and concentrate only on minimizing the client's tax liability.

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

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

Which of the following forms the basis for all tax provisions?

Once the research question has been stated, the researcher must next:

The distinction between primary and secondary authority is important for which of the following reasons?

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

Which of the following statements describes the tax research process?

Tax journals perform which of the following functions:

Which of the following represents a law issue?

The first step in the tax research process is to:

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

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

Which of the following statements is CORRECT regarding online tax research?

Once the initial facts have been gathered and the issues defined, the tax researcher must:

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

CCH's annotated or code-based commercial tax service is:

Which of the following is an administrative source of primary authority?

One of the issues a tax researcher should be concerned about is how definitive a research result must be.

Introduction to Tax Practice and Ethics

Constitutional and Legislative Sources

Administrative Regulations and Rulings

Judicial Interpretations

Tax Services Ria Checkpoint

Tax Services CCH Intelliconnect

Tax Services Specialty and Others

Multijurisdictional and Other Research

Financial Accounting Research

Communicating Research Results

Tax Planning

Working With the IRS

Tax Practice and Administration: Sanctions, Agreements, and Disclosures

Filters

Exam 2: Tax Research Methodology

The amount of a transaction represents a:

A tax researcher should ignore the personal preferences of a client and concentrate only on minimizing the client's tax liability.

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

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

Which of the following forms the basis for all tax provisions?

Once the research question has been stated, the researcher must next:

The distinction between primary and secondary authority is important for which of the following reasons?

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

Which of the following statements describes the tax research process?

Tax journals perform which of the following functions:

Which of the following represents a law issue?

The first step in the tax research process is to:

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

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

Which of the following statements is CORRECT regarding online tax research?

Once the initial facts have been gathered and the issues defined, the tax researcher must:

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

CCH's annotated or code-based commercial tax service is:

Which of the following is an administrative source of primary authority?

One of the issues a tax researcher should be concerned about is how definitive a research result must be.

Introduction to Tax Practice and Ethics

Constitutional and Legislative Sources

Administrative Regulations and Rulings

Judicial Interpretations

Tax Services Ria Checkpoint

Tax Services CCH Intelliconnect

Tax Services Specialty and Others

Multijurisdictional and Other Research

Financial Accounting Research

Communicating Research Results

Tax Planning

Working With the IRS

Tax Practice and Administration: Sanctions, Agreements, and Disclosures

Filters