Question 1

Which of the following statements is INCORRECT regarding the effective date of Regulations?

Accepted Answer

A) A Regulation becomes effective 18 months after the statute on which it is based was enacted. 
B) A Regulation is effective on the date on which the Regulation is filed with the Federal Register. 
C) Temporary Regulations are effective immediately upon publication. 
D) All of these are correct. 
A) A Regulation becomes effective 18 months after the statute on which it is based was enacted. 
B) A Regulation is effective on the date on which the Regulation is filed with the Federal Register. 
C) Temporary Regulations are effective immediately upon publication. 
D) All of these are correct.

Question 2

An acquiescence indicates that a court decision will be:

Accepted Answer

A) appealed by the IRS 
B) followed in similar situations only if it favors the IRS 
C) followed in similar situations, even if it is adverse to the IRS 
D) ignored by the IRS 
A) appealed by the IRS 
B) followed in similar situations only if it favors the IRS 
C) followed in similar situations, even if it is adverse to the IRS 
D) ignored by the IRS

Question 3

A Regulation can never be made effective retroactively.

Accepted Answer

A) True 
 B)False

Question 4

Determination Letters are:

Accepted Answer

A) issued by the National Office of the IRS on proposed transactions 
B) issued by a local IRS office, usually on completed transactions 
C) published first in the Internal Revenue Bulletin 
D) issued to IRS field agents as audit guidance 
A) issued by the National Office of the IRS on proposed transactions 
B) issued by a local IRS office, usually on completed transactions 
C) published first in the Internal Revenue Bulletin 
D) issued to IRS field agents as audit guidance

Question 5

Define General and Legislative Regulations and explain the distinction.

Accepted Answer

General Regulations are issued under the

Question 6

A _____ 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) nonacquiescence 
B) acquiescence 
C) noncommittal 
D) none of these are correct 
A) nonacquiescence 
B) acquiescence 
C) noncommittal 
D) none of these are correct

Question 7

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 8

IRS Technical Memoranda summarize and explain regulations.

Accepted Answer

A) True 
 B)False

Question 9

The IRS, as an administrative agency, is responsible for:

Accepted Answer

A) formulating and interpreting the tax laws 
B) interpreting and enforcing the tax laws 
C) formulating and evaluating the tax laws 
D) planning and formulating the tax laws 
A) formulating and interpreting the tax laws 
B) interpreting and enforcing the tax laws 
C) formulating and evaluating the tax laws 
D) planning and formulating the tax laws

Which of the following statements is INCORRECT regarding the effective date of Regulations?

An acquiescence indicates that a court decision will be:

A Regulation can never be made effective retroactively.

Determination Letters are:

Define General and Legislative Regulations and explain the distinction.

A _____ 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.

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.

IRS Technical Memoranda summarize and explain regulations.

The IRS, as an administrative agency, is responsible for:

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 of the following statements is INCORRECT regarding the effective date of Regulations?

An acquiescence indicates that a court decision will be:

A Regulation can never be made effective retroactively.

Determination Letters are:

Define General and Legislative Regulations and explain the distinction.

A _____ 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.

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.

IRS Technical Memoranda summarize and explain regulations.

The IRS, as an administrative agency, is responsible for:

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