Question 1

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

Accepted Answer

A) True 
 B)False  False

Question 2

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

Accepted Answer

A) True 
 B)False  False

Question 3

Which statement is INCORRECT regarding Proposed Regulations?

Accepted Answer

A) They do not 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 do not 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. C

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

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 7

T.D. 9479 refers to a Treasury Determination letter.

Accepted Answer

A) True 
 B)False

Question 8

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 9

The IRS, under no circumstances, has the authority to decline to issue Letter Rulings.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

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 12

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 13

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

Accepted Answer

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

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

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.

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

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

Accepted Answer

The Internal Revenue Bulletin (IRB) is t

Question 19

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 20

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

Accepted Answer

A) True 
 B)False

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

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

Which statement is INCORRECT regarding Proposed Regulations?

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

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

Which of the following IRS pronouncement citations is INCORRECT?

T.D. 9479 refers to a Treasury Determination letter.

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.

The IRS, under no circumstances, has the authority to decline to issue Letter Rulings.

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

Treasury Decisions are published first, officially, in:

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

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

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

Which of the following Regulations deals with estate taxes?

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

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

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

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

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

Introduction to Tax Practice and Ethics

Tax Research Methodology

Constitutional and Legislative Sources

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

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Exam 4: Administrative Regulations and Rulings

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

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

Which statement is INCORRECT regarding Proposed Regulations?

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

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

Which of the following IRS pronouncement citations is INCORRECT?

T.D. 9479 refers to a Treasury Determination letter.

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.

The IRS, under no circumstances, has the authority to decline to issue Letter Rulings.

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

Treasury Decisions are published first, officially, in:

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

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

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

Which of the following Regulations deals with estate taxes?

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

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

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

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

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

Introduction to Tax Practice and Ethics

Tax Research Methodology

Constitutional and Legislative Sources

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