Question 1

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 2

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 3

Which of the following is CORRECT with respect to Private Letter Rulings?

Accepted Answer

A) They are issued by the IRS National Office in response to a specific taxpayer request. 
B) They can be cited as precedent by other taxpayers. 
C) They are published weekly by the IRS in the Internal Revenue Bulletin. 
D) They are also known as Technical Advice Memoranda. 
E) None of these are correct. 
A) They are issued by the IRS National Office in response to a specific taxpayer request. 
B) They can be cited as precedent by other taxpayers. 
C) They are published weekly by the IRS in the Internal Revenue Bulletin. 
D) They are also known as Technical Advice Memoranda. 
E) None of these are correct.

Question 4

Revenue Procedures deal with:

Accepted Answer

A) specific taxpayer requests for the IRS's position on a tax issue 
B) applying the Code and Regulations to a specific factual situation 
C) the internal practice and procedures of the IRS in the administration of the tax laws 
D) all of these are correct 
A) specific taxpayer requests for the IRS's position on a tax issue 
B) applying the Code and Regulations to a specific factual situation 
C) the internal practice and procedures of the IRS in the administration of the tax laws 
D) all of these are correct

Question 5

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 6

A nonacquiescence 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) True 
 B)False

Question 7

Temporary Regulations must be followed by taxpayers until they are superseded or until they expire.

Accepted Answer

A) True 
 B)False

Question 8

IRS General Counsel Memoranda:

Accepted Answer

A) convey the IRS decision to acquiesce/nonacquiesce in a court decision 
B) summarize and explain published IRS Regulations 
C) have been replaced with chief counsel advice after 2002 
D) have only short-term value 
A) convey the IRS decision to acquiesce/nonacquiesce in a court decision 
B) summarize and explain published IRS Regulations 
C) have been replaced with chief counsel advice after 2002 
D) have only short-term value

Question 9

The Internal Revenue Bulletin would include:

Accepted Answer

A) new tax laws issued by Congress 
B) actions on decisions 
C) tax treaties 
D) IRS notices 
E) all of these are correct 
A) new tax laws issued by Congress 
B) actions on decisions 
C) tax treaties 
D) IRS notices 
E) all of these are correct

Question 10

In the citation Rev Rul. 87-90, 1987-1 CB 198, the number "90" is the:

Accepted Answer

A) ruling number for the year 
B) year of ruling 
C) paragraph number in the CB 
D) volume number in the CB 
A) ruling number for the year 
B) year of ruling 
C) paragraph number in the CB 
D) volume number in the CB

Question 11

Which of the following Regulations bears the greatest precedential value?

Accepted Answer

A) Legislative Regulations 
B) Proposed Regulations 
C) General Regulations 
D) Income Tax Regulations 
A) Legislative Regulations 
B) Proposed Regulations 
C) General Regulations 
D) Income Tax Regulations

Question 12

Proposed Regulations have the effect of law.

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

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

Question 14

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 15

The IRS's general authority to issue 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 16

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

Accepted Answer

A) True 
 B)False

Question 17

List the three types of IRS written determinations and briefly explain the differences.

Accepted Answer

The three types of IRS written determina

Question 18

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 to the statute 
D) three years after issuance pursuant to the 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 to the statute 
D) three years after issuance pursuant to the statute 
E) Temporary Regulations never expire

Question 19

Most official IRS pronouncements are written by:

Accepted Answer

A) The IRS Office of Chief Counsel 
B) The IRS Commissioner 
C) The Treasury Secretary 
D) IRS Field Office Staff Members 
A) The IRS Office of Chief Counsel 
B) The IRS Commissioner 
C) The Treasury Secretary 
D) IRS Field Office Staff Members

Question 20

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

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

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

Which of the following is CORRECT with respect to Private Letter Rulings?

Revenue Procedures deal with:

The Commissioner of the IRS is appointed by the:

A nonacquiescence 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.

Temporary Regulations must be followed by taxpayers until they are superseded or until they expire.

IRS General Counsel Memoranda:

The Internal Revenue Bulletin would include:

In the citation Rev Rul. 87-90, 1987-1 CB 198, the number "90" is the:

Which of the following Regulations bears the greatest precedential value?

Proposed Regulations have the effect of law.

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

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

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

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

List the three types of IRS written determinations and briefly explain the differences.

Temporary Regulations expire:

Most official IRS pronouncements are written by:

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

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

Exam 4: Administrative Regulations and Rulings

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

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

Which of the following is CORRECT with respect to Private Letter Rulings?

Revenue Procedures deal with:

The Commissioner of the IRS is appointed by the:

A nonacquiescence 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.

Temporary Regulations must be followed by taxpayers until they are superseded or until they expire.

IRS General Counsel Memoranda:

The Internal Revenue Bulletin would include:

In the citation Rev Rul. 87-90, 1987-1 CB 198, the number "90" is the:

Which of the following Regulations bears the greatest precedential value?

Proposed Regulations have the effect of law.

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

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

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

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

List the three types of IRS written determinations and briefly explain the differences.

Temporary Regulations expire:

Most official IRS pronouncements are written by:

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

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