Question 1

Describe the evolution of the internal revenue code.

Accepted Answer

After the Sixteenth Amendment was ratifi

Question 2

Which department of the U.S. Government does the IRS fall under?

Accepted Answer

A)  Homeland Security. 
B)  Defense. 
C)  Treasury. 
D)  Secretary of State. 
A)  Homeland Security. 
B)  Defense. 
C)  Treasury. 
D)  Secretary of State.

Question 3

Which of the following is not a payroll tax?

Accepted Answer

A)  FICa. 
B)  OASDI. 
C)  Self-Employment. 
D)  Use. 
A)  FICa. 
B)  OASDI. 
C)  Self-Employment. 
D)  Use.

Question 4

The last major revision of the internal revenue code was done by congress in 1986.

Accepted Answer

A) True 
 B)False

Question 5

Tax protestors can be divided into two groups: (1) legitimate and; (2) illegitimate.

Accepted Answer

A) True 
 B)False

Question 6

If a taxpayer is to be charged with committing tax fraud, the taxpayer must have committed a(n):

Accepted Answer

A)  Affirmative indicator and have violated the law willingly. 
B)  Affirmative act and have violated the law either willingly or unwillingly. 
C)  Affirmative act or indicator and have violated the law willingly. 
D)  Affirmative act and have violated the law willingly. 
A)  Affirmative indicator and have violated the law willingly. 
B)  Affirmative act and have violated the law either willingly or unwillingly. 
C)  Affirmative act or indicator and have violated the law willingly. 
D)  Affirmative act and have violated the law willingly.

Question 7

What does the IRS recognize as taxable individual income and how can it be adjusted?

Accepted Answer

The U.S. individual income tax is a tax

Question 8

Which IRC mandates that persons obligated to assess, collect and remit taxes to the IRS must do so?

Accepted Answer

A)  IRC § 7202. 
B)  IRC § 179. 
C)  IRC § 7206. 
D)  IRC § 7100. 
A)  IRC § 7202. 
B)  IRC § 179. 
C)  IRC § 7206. 
D)  IRC § 7100.

Question 9

What are the penalties under 18 USC § 1001 for any person who willfully falsifies, conceals, or covers up information or who makes any materially false, fictitious, or fraudulent statement, representation, or makes any document that contains any materially false, fictitious, or fraudulent statement or entry?

Accepted Answer

A)  $25,000 for individuals and $50,000 for corporations. 
B)  $250,000 for individuals and $500,000 for corporations. 
C)  $25,000 for corporations and $50,000 for individuals. 
D)  $250,000 for corporations and $500,000 for individuals. 
A)  $25,000 for individuals and $50,000 for corporations. 
B)  $250,000 for individuals and $500,000 for corporations. 
C)  $25,000 for corporations and $50,000 for individuals. 
D)  $250,000 for corporations and $500,000 for individuals.

Question 10

What do the courts call objective manifestations of fraudulent intent?

Accepted Answer

A)  Malice. 
B)  Foresight. 
C)  Badges. 
D)  Intent. 
A)  Malice. 
B)  Foresight. 
C)  Badges. 
D)  Intent.

Question 11

What is the primary difference between CPA's and Enrolled Agents?

Accepted Answer

A)  Enrolled Agents are the only ones allowed to represent taxpayers in front of the IRS. 
B)  Enrolled Agents generally know more about GAAP than CPAs. 
C)  Enrolled Agents pass a governmentally controlled national exam whereas CPAs pass a non-governmental exam applicable to their state. 
D)  CPA's must continue their education whereas Enrolled Agents do not. 
A)  Enrolled Agents are the only ones allowed to represent taxpayers in front of the IRS. 
B)  Enrolled Agents generally know more about GAAP than CPAs. 
C)  Enrolled Agents pass a governmentally controlled national exam whereas CPAs pass a non-governmental exam applicable to their state. 
D)  CPA's must continue their education whereas Enrolled Agents do not.

Question 12

There are quite a few statutory arguments including the assertion that wages are not income and that the income tax does not apply to citizens who live in area other than the District of Columbia and territories such as Puerto Rico because the definition contained in the Internal Revenue Code does not include states.

Accepted Answer

A) True 
 B)False

Question 13

For each count that a taxpayer is found guilty under IRC § 7201 which of the following is not a potential punishment?

Accepted Answer

A)  Fines up to $250,000. 
B)  Imprisonment up to 5 years. 
C)  Cost of prosecution. 
D)  Community service. 
A)  Fines up to $250,000. 
B)  Imprisonment up to 5 years. 
C)  Cost of prosecution. 
D)  Community service.

Question 14

What are the three elements of IRC § 7201 that must be proven before a charge under this section is sustained?

Accepted Answer

The government must prove the existence

Question 15

How are carryback or carryforward treated when calculating penalties for civil fraud?

Accepted Answer

A)  They are included as if they were calculated under normal circumstances. 
B)  They are deducted at twice the rate that they were originally added into the calculations. 
C)  They cannot be used when calculating civil penalties. 
D)  It is up to the courts to pass judgment as to their treatment. 
A)  They are included as if they were calculated under normal circumstances. 
B)  They are deducted at twice the rate that they were originally added into the calculations. 
C)  They cannot be used when calculating civil penalties. 
D)  It is up to the courts to pass judgment as to their treatment.

Question 16

Which of the following is not a type of tax?

Accepted Answer

A)  Individual. 
B)  Sales and Use. 
C)  Non-profit. 
D)  Corporate. 
A)  Individual. 
B)  Sales and Use. 
C)  Non-profit. 
D)  Corporate.

Question 17

Sales and Use Taxes:

Accepted Answer

A)  Are uniform across all states. 
B)  Are only applicable to luxury items. 
C)  Only apply to intrastate purchases. 
D)  Vary from state to state. 
A)  Are uniform across all states. 
B)  Are only applicable to luxury items. 
C)  Only apply to intrastate purchases. 
D)  Vary from state to state.

Question 18

What does the U.S. Corporate Tax applicable to?

Accepted Answer

A)  Dividends distributed. 
B)  Gross Income of the Corporation. 
C)  Gross Income of the management. 
D)  Retained Earnings of the Corporation. 
A)  Dividends distributed. 
B)  Gross Income of the Corporation. 
C)  Gross Income of the management. 
D)  Retained Earnings of the Corporation.

Question 19

Some tax protestors argue that the IRS is a private corporation in Delaware or an agency of the Puerto Rican government.

Accepted Answer

A) True 
 B)False

Question 20

What can be the first step in violation of IRC § 7205(a)?

Accepted Answer

A)  An unsigned tax return. 
B)  A false W-4 form. 
C)  A false 1099 form. 
D)  Knowingly claiming more hours than worked on a time card. 
A)  An unsigned tax return. 
B)  A false W-4 form. 
C)  A false 1099 form. 
D)  Knowingly claiming more hours than worked on a time card.

Describe the evolution of the internal revenue code.

Which department of the U.S. Government does the IRS fall under?

Which of the following is not a payroll tax?

The last major revision of the internal revenue code was done by congress in 1986.

Tax protestors can be divided into two groups: (1) legitimate and; (2) illegitimate.

If a taxpayer is to be charged with committing tax fraud, the taxpayer must have committed a(n):

What does the IRS recognize as taxable individual income and how can it be adjusted?

Which IRC mandates that persons obligated to assess, collect and remit taxes to the IRS must do so?

What do the courts call objective manifestations of fraudulent intent?

What is the primary difference between CPA's and Enrolled Agents?

For each count that a taxpayer is found guilty under IRC § 7201 which of the following is not a potential punishment?

What are the three elements of IRC § 7201 that must be proven before a charge under this section is sustained?

How are carryback or carryforward treated when calculating penalties for civil fraud?

Which of the following is not a type of tax?

Sales and Use Taxes:

What does the U.S. Corporate Tax applicable to?

Some tax protestors argue that the IRS is a private corporation in Delaware or an agency of the Puerto Rican government.

What can be the first step in violation of IRC § 7205(a)?

Introduction to Forensic Accounting and Fraud Examination

The Forensic Accounting Legal Environment

Fundamentals I: Accounting Information Systems

Fundamentals II: The Auditing Environment

Fraud Prevention and Risk Management

Fraud Detection

The Fraud Investigation and Engagement Processes

The Evidence Collection Process

Fraud Examination Evidence I: Physical, Documentary, and Observational Evidence

Fraud Examination Evidence II: Interview and Interrogation Methods

Fraud Examination Evidence III: Forensic Science and Computer Forensics

The Fraud Report, Litigation, and the Recovery Process

Employee, Vendor, and Other Frauds Against the Organization

Financial Statement Fraud

Fraud and Sox Compliance

Bankruptcy, Divorce, Identity Theft

Organized Crime, Counterterrorism, and Anti-Money Laundering

Business Valuation

Dispute Resolution Services

Filters

Exam 16: Tax Fraud

Describe the evolution of the internal revenue code.

Which department of the U.S. Government does the IRS fall under?

Which of the following is not a payroll tax?

The last major revision of the internal revenue code was done by congress in 1986.

Tax protestors can be divided into two groups: (1) legitimate and; (2) illegitimate.

If a taxpayer is to be charged with committing tax fraud, the taxpayer must have committed a(n):

What does the IRS recognize as taxable individual income and how can it be adjusted?

Which IRC mandates that persons obligated to assess, collect and remit taxes to the IRS must do so?

What do the courts call objective manifestations of fraudulent intent?

What is the primary difference between CPA's and Enrolled Agents?

For each count that a taxpayer is found guilty under IRC § 7201 which of the following is not a potential punishment?

What are the three elements of IRC § 7201 that must be proven before a charge under this section is sustained?

How are carryback or carryforward treated when calculating penalties for civil fraud?

Which of the following is not a type of tax?

Sales and Use Taxes:

What does the U.S. Corporate Tax applicable to?

Some tax protestors argue that the IRS is a private corporation in Delaware or an agency of the Puerto Rican government.

What can be the first step in violation of IRC § 7205(a)?

Introduction to Forensic Accounting and Fraud Examination

The Forensic Accounting Legal Environment

Fundamentals I: Accounting Information Systems

Fundamentals II: The Auditing Environment

Fraud Prevention and Risk Management

Fraud Detection

The Fraud Investigation and Engagement Processes

The Evidence Collection Process

Fraud Examination Evidence I: Physical, Documentary, and Observational Evidence

Fraud Examination Evidence II: Interview and Interrogation Methods

Fraud Examination Evidence III: Forensic Science and Computer Forensics

The Fraud Report, Litigation, and the Recovery Process

Employee, Vendor, and Other Frauds Against the Organization

Financial Statement Fraud

Fraud and Sox Compliance

Bankruptcy, Divorce, Identity Theft

Organized Crime, Counterterrorism, and Anti-Money Laundering

Business Valuation

Dispute Resolution Services

Filters