Question 1

Novice tax researchers tend to examine less material in the course of a tax research project than experienced tax researchers.

Accepted Answer

A) True 
 B)False

Question 2

In circumstances requiring an evaluative judgment, the tax researcher can provide a definitive answer to the research question.

Accepted Answer

A) True 
 B)False

Question 3

The Citator is a rarely used, unimportant source of information about the status of judicial and administrative tax decisions.

Accepted Answer

A) True 
 B)False

Question 4

Locate the revenue procedure that includes the inflation-adjusted individual tax rate schedules for 2018. This revenue procedure usually is released in the fourth quarter of the previous year. Provide a complete citation for your source.

Accepted Answer

Rev. Proc.

Question 5

A citator:

Accepted Answer

A)  Is not an important tax research resource. 
B)  May be used to determine the status of tax judicial decisions, revenue rulings, and revenue procedures. 
C)  Is published by the federal government. 
D)  Provides an editorial explanation of tax judicial decisions. 
A)  Is not an important tax research resource. 
B)  May be used to determine the status of tax judicial decisions, revenue rulings, and revenue procedures. 
C)  Is published by the federal government. 
D)  Provides an editorial explanation of tax judicial decisions.

Question 6

Which of the following is not generally included in a tax research memorandum?

Accepted Answer

A)  A statement of the pertinent facts 
B)  An analysis of the relevant sources of authority 
C)  The details of any advice given to the client as part of the research engagement 
D)  A bill for fees charged to the client for the research engagement 
A)  A statement of the pertinent facts 
B)  An analysis of the relevant sources of authority 
C)  The details of any advice given to the client as part of the research engagement 
D)  A bill for fees charged to the client for the research engagement

Question 7

In the citation Rev. Proc. 2002-32, 2002-1 C.B. 959, the abbreviation C.B. refers to Congressional Bulletin.

Accepted Answer

A) True 
 B)False

Question 8

Effective tax research often omits the first two steps of the tax research process.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is a proper citation to a revenue ruling?

Accepted Answer

A)  Revenue Ruling 2004-33 
B)  RR 2004-33 
C)  Rev. Rul. 2006-33, 2004-1 C.B. 628 
D)  All of the above are proper forms for citing a Revenue Ruling 
A)  Revenue Ruling 2004-33 
B)  RR 2004-33 
C)  Rev. Rul. 2006-33, 2004-1 C.B. 628 
D)  All of the above are proper forms for citing a Revenue Ruling

Question 10

Step five of the tax research process:

Accepted Answer

A)  Is typically performed only by novice researchers. 
B)  Is required only if the researcher has made a careless mistake in a previous step. 
C)  Should only be taken once. 
D)  Is necessary when the researcher determines that additional facts are needed to complete the analysis of the transaction. 
A)  Is typically performed only by novice researchers. 
B)  Is required only if the researcher has made a careless mistake in a previous step. 
C)  Should only be taken once. 
D)  Is necessary when the researcher determines that additional facts are needed to complete the analysis of the transaction.

Question 11

Tax research typically occurs as part of the tax compliance process; it is rarely important in tax planning.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is not a citation to a primary authority?

Accepted Answer

A)  Sec. 1245 
B)  Lengsfield v. Comm., 50 AFTR 1683 (CA-5, 1957) 
C)  M-5800 Activities Not Engaged in for Profit - Hobby Losses 
D)  Rev. Proc. 2002-32, 2002-1 C.B. 959 
A)  Sec. 1245 
B)  Lengsfield v. Comm., 50 AFTR 1683 (CA-5, 1957) 
C)  M-5800 Activities Not Engaged in for Profit - Hobby Losses 
D)  Rev. Proc. 2002-32, 2002-1 C.B. 959

Question 13

Which of the following is not a primary authority?

Accepted Answer

A)  Internal Revenue Code 
B)  Treasury regulations 
C)  Revenue Procedure 
D)  Tax textbook 
A)  Internal Revenue Code 
B)  Treasury regulations 
C)  Revenue Procedure 
D)  Tax textbook

Question 14

A keyword search using an electronic database is part of which step in the research process?

Accepted Answer

A)  Understand the client's transaction and ascertain the facts 
B)  Identify the tax issues, problems, or opportunities suggested by the facts and formulate specific research questions 
C)  Locate relevant tax law authority 
D)  Analyze relevant authority and answer the research questions 
A)  Understand the client's transaction and ascertain the facts 
B)  Identify the tax issues, problems, or opportunities suggested by the facts and formulate specific research questions 
C)  Locate relevant tax law authority 
D)  Analyze relevant authority and answer the research questions

Question 15

Which of the following is not primary authority on which to base research conclusions?

Accepted Answer

A)  Journal of Taxation article written by a professor. 
B)  Revenue ruling. 
C)  U.S. Tax Court decision. 
D)  U.S. Supreme Court decision. 
A)  Journal of Taxation article written by a professor. 
B)  Revenue ruling. 
C)  U.S. Tax Court decision. 
D)  U.S. Supreme Court decision.

Question 16

A research memorandum is typically less detailed than a client letter in terms of discussing supporting legal authorities.

Accepted Answer

A) True 
 B)False

Question 17

Using an electronic research database such as Checkpoint, CCH Tax Research NetWork, or Lexis-Nexis, perform a keyword search that includes the phrase business expense and the keyword charity. Include both primary sources and editorial materials in your search.
a. How many documents did your search retrieve?
b. How many documents are primary authorities and how many are secondary authorities?
c. Provide citations to two primary authorities and two secondary authorities.

Accepted Answer

The answers to this problem de

Question 18

Which of the following is not a typical strategy for using a commercial tax service?

Accepted Answer

A)  Using the topical index 
B)  Using the table of contents 
C)  In an electronic service, using a keyword search 
D)  All of the above are typical strategies for using a commercial tax service. 
A)  Using the topical index 
B)  Using the table of contents 
C)  In an electronic service, using a keyword search 
D)  All of the above are typical strategies for using a commercial tax service.

Question 19

When analyzing relevant legal authority:

Accepted Answer

A)  The researcher is finished only when an unambiguous answer to the research question has been located. 
B)  Different sources of authority may provide conflicting answers. 
C)  Interpretation and judgment on the part of the researcher is rarely required. 
D)  The researcher should never give an unqualified answer to any research question. 
A)  The researcher is finished only when an unambiguous answer to the research question has been located. 
B)  Different sources of authority may provide conflicting answers. 
C)  Interpretation and judgment on the part of the researcher is rarely required. 
D)  The researcher should never give an unqualified answer to any research question.

Question 20

Which of the following statements regarding secondary authorities is false?

Accepted Answer

A)  In paper format, commercial tax services are organized either topically or by Code section. 
B)  Commercial tax services provide legislative history of each Internal Revenue Code section. 
C)  Only topically-organized commercial tax services provide a detailed topical index. 
D)  The organization and content of the major topically-oriented services differs considerably. 
A)  In paper format, commercial tax services are organized either topically or by Code section. 
B)  Commercial tax services provide legislative history of each Internal Revenue Code section. 
C)  Only topically-organized commercial tax services provide a detailed topical index. 
D)  The organization and content of the major topically-oriented services differs considerably.

Novice tax researchers tend to examine less material in the course of a tax research project than experienced tax researchers.

In circumstances requiring an evaluative judgment, the tax researcher can provide a definitive answer to the research question.

The Citator is a rarely used, unimportant source of information about the status of judicial and administrative tax decisions.

Locate the revenue procedure that includes the inflation-adjusted individual tax rate schedules for 2018. This revenue procedure usually is released in the fourth quarter of the previous year. Provide a complete citation for your source.

A citator:

Which of the following is not generally included in a tax research memorandum?

In the citation Rev. Proc. 2002-32, 2002-1 C.B. 959, the abbreviation C.B. refers to Congressional Bulletin.

Effective tax research often omits the first two steps of the tax research process.

Which of the following is a proper citation to a revenue ruling?

Step five of the tax research process:

Tax research typically occurs as part of the tax compliance process; it is rarely important in tax planning.

Which of the following is not a citation to a primary authority?

Which of the following is not a primary authority?

A keyword search using an electronic database is part of which step in the research process?

Which of the following is not primary authority on which to base research conclusions?

A research memorandum is typically less detailed than a client letter in terms of discussing supporting legal authorities.

Which of the following is not a typical strategy for using a commercial tax service?

When analyzing relevant legal authority:

Which of the following statements regarding secondary authorities is false?

Taxes and Taxing Jurisdictions

Policy Standards for a Good Tax

Taxes as Transaction Costs

Maxims of Income Tax Planning

Taxable Income from Business Operations

Property Acquisitions and Cost Recovery Deductions

Property Dispositions

Nontaxable Exchanges

Sole Proprietorships

The Corporate Taxpayer

The Choice of Business Entity

Jurisdictional Issues in Business Taxation

The Individual Tax Formula

Compensation and Retirement Planning

Investment and Personal Financial Planning

Tax Consequences of Personal Activities

The Tax Compliance Process

Filters

Exam 5: Tax Research

Novice tax researchers tend to examine less material in the course of a tax research project than experienced tax researchers.

In circumstances requiring an evaluative judgment, the tax researcher can provide a definitive answer to the research question.

The Citator is a rarely used, unimportant source of information about the status of judicial and administrative tax decisions.

Locate the revenue procedure that includes the inflation-adjusted individual tax rate schedules for 2018. This revenue procedure usually is released in the fourth quarter of the previous year. Provide a complete citation for your source.

A citator:

Which of the following is not generally included in a tax research memorandum?

In the citation Rev. Proc. 2002-32, 2002-1 C.B. 959, the abbreviation C.B. refers to Congressional Bulletin.

Effective tax research often omits the first two steps of the tax research process.

Which of the following is a proper citation to a revenue ruling?

Step five of the tax research process:

Tax research typically occurs as part of the tax compliance process; it is rarely important in tax planning.

Which of the following is not a citation to a primary authority?

Which of the following is not a primary authority?

A keyword search using an electronic database is part of which step in the research process?

Which of the following is not primary authority on which to base research conclusions?

A research memorandum is typically less detailed than a client letter in terms of discussing supporting legal authorities.

Which of the following is not a typical strategy for using a commercial tax service?

When analyzing relevant legal authority:

Which of the following statements regarding secondary authorities is false?

Taxes and Taxing Jurisdictions

Policy Standards for a Good Tax

Taxes as Transaction Costs

Maxims of Income Tax Planning

Taxable Income from Business Operations

Property Acquisitions and Cost Recovery Deductions

Property Dispositions

Nontaxable Exchanges

Sole Proprietorships

The Corporate Taxpayer

The Choice of Business Entity

Jurisdictional Issues in Business Taxation

The Individual Tax Formula

Compensation and Retirement Planning

Investment and Personal Financial Planning

Tax Consequences of Personal Activities

The Tax Compliance Process

Filters