Question 1

Identify which of the following statements is false.

Accepted Answer

A) When a court opinion discusses facts and issues on which the court does not rule,the comments are called dicta. 
B) Dicta in a court opinion has no influence on other tax proceedings. 
C) Published articles and tax services are examples of secondary sources of authority. 
D) Dicta are not authoritative. 
A) When a court opinion discusses facts and issues on which the court does not rule,the comments are called dicta. 
B) Dicta in a court opinion has no influence on other tax proceedings. 
C) Published articles and tax services are examples of secondary sources of authority. 
D) Dicta are not authoritative.

Question 2

Compare and contrast proposed,temporary,and final regulations.

Accepted Answer

Proposed regulations are not authoritati

Question 3

Identify which of the following statements is true.

Accepted Answer

A) Paragraph references are most commonly used when citing or referring to the tax statutes. 
B) Title 26 of the United States Code and the Internal Revenue Code of 1986 are synonymous. 
C) Before 1939,tax statutes were codified or compiled into one document. 
D) The Internal Revenue Code contains chapters,which are further subdivided into titles. 
A) Paragraph references are most commonly used when citing or referring to the tax statutes. 
B) Title 26 of the United States Code and the Internal Revenue Code of 1986 are synonymous. 
C) Before 1939,tax statutes were codified or compiled into one document. 
D) The Internal Revenue Code contains chapters,which are further subdivided into titles.

Question 4

The phrase "Entered under Rule 155" indicates that

Accepted Answer

A) the computation of the exact amount of the tax deficiency has been left to the litigating parties. 
B) the court has not reached a decision concerning the appropriate tax treatment of an issue. 
C) the parties have agreed not to appeal the decision. 
D) only one Tax Court judge reviewed the case. 
A) the computation of the exact amount of the tax deficiency has been left to the litigating parties. 
B) the court has not reached a decision concerning the appropriate tax treatment of an issue. 
C) the parties have agreed not to appeal the decision. 
D) only one Tax Court judge reviewed the case.

Question 5

In all situations,tax considerations are of primary importance.Do you agree or disagree? Support your answer.

Accepted Answer

It is important to consider nontax objec

Question 6

Why does a researcher use a citator?

Accepted Answer

A) to check on authorities issued subsequent to a court decision 
B) to determine whether a private letter ruling exists on the subject 
C) for examples of the application of a tax provision 
D) None of the above. 
A) to check on authorities issued subsequent to a court decision 
B) to determine whether a private letter ruling exists on the subject 
C) for examples of the application of a tax provision 
D) None of the above.

Question 7

There are no questions for this section.
LO4: The Sources of Tax Law

Accepted Answer

It appears that you are looking for info

Question 8

Identify which of the following statements is true.

Accepted Answer

A) The citation,41 TCM 1272,refers to a Tax Court regular decision published by Commerce Clearing House. 
B) The Federal Supplement contains only tax cases. 
C) The American Federal Tax Reports contain only tax cases. 
D) All of the above are false. 
A) The citation,41 TCM 1272,refers to a Tax Court regular decision published by Commerce Clearing House. 
B) The Federal Supplement contains only tax cases. 
C) The American Federal Tax Reports contain only tax cases. 
D) All of the above are false.

Question 9

Regular decisions are published by the U.S.Government Printing Office in the Tax Court of the United States Reports,while memorandum decisions are published by private companies.
Similarity:

Accepted Answer

The similarity between regular decisions

Question 10

Identify which of the following statements is false.

Accepted Answer

A) When tax advisors speak of the "tax law," they usually have in mind just the Internal Revenue Code. 
B) Members from both the House and the Senate are on the Conference Committee. 
C) Records of committee hearings are helpful in determining Congressional intent. 
D) All of the above are false. 
A) When tax advisors speak of the "tax law," they usually have in mind just the Internal Revenue Code. 
B) Members from both the House and the Senate are on the Conference Committee. 
C) Records of committee hearings are helpful in determining Congressional intent. 
D) All of the above are false.

Question 11

What are some of the factors to consider when deciding in which court to file a tax-related claim?

Accepted Answer

Factors to consider include ea

Question 12

When the Tax Court follows the opinion of the circuit court of appeals to which the case is appealable,the court is following the

Accepted Answer

A) Golsen rule. 
B) Acquiescence rule. 
C) Forum shopping rule. 
D) Conformity rule. 
A) Golsen rule. 
B) Acquiescence rule. 
C) Forum shopping rule. 
D) Conformity rule.

Question 13

In 1998,Congress passed legislation concerning shifting the burden of proof to the IRS.The taxpayer must introduce "credible evidence" to shift the burden of proof to the IRS.What constitutes "credible evidence?"

Accepted Answer

The term is not defined in the IRC.Becau

Question 14

The citation "Rev.Rul.2006-8,2006-1 C.B.541" refers to

Accepted Answer

A) the eighth ruling of 2006 found on page 541 in Vol.1 of the 2006 Cumulative Bulletin. 
B) the eighth ruling of 2006 found on page 541 in the 2006 volume of the Cumulative Bulletin. 
C) the 541st ruling of 2006 found on page eight in Vol.1 of the 2006 Cumulative Bulletin. 
D) the 1st ruling of 2006 found on page 541 in the 2006 volume of the Cumulative Bulletin. 
A) the eighth ruling of 2006 found on page 541 in Vol.1 of the 2006 Cumulative Bulletin. 
B) the eighth ruling of 2006 found on page 541 in the 2006 volume of the Cumulative Bulletin. 
C) the 541st ruling of 2006 found on page eight in Vol.1 of the 2006 Cumulative Bulletin. 
D) the 1st ruling of 2006 found on page 541 in the 2006 volume of the Cumulative Bulletin.

Question 15

What is the purpose of a citator?

Accepted Answer

Citators give a history of the

Question 16

Which of the following best describes the weight of a revenue ruling?

Accepted Answer

A) Revenue rulings carry more weight than regulations. 
B) Revenue rulings carry more weight than federal court decisions. 
C) Regulations carry more weight than revenue rulings. 
D) Revenue rulings should never be used as authority since they only apply to the taxpayer requesting the ruling. 
A) Revenue rulings carry more weight than regulations. 
B) Revenue rulings carry more weight than federal court decisions. 
C) Regulations carry more weight than revenue rulings. 
D) Revenue rulings should never be used as authority since they only apply to the taxpayer requesting the ruling.

Question 17

The Tax Court decides an expenditure is deductible in the year the issue was first litigated.The government appealed and won a reversal in the Ninth Circuit Court of Appeals.It is the only appellate decision regarding the issue.If and when the Tax Court encounters this issue again,how will it hold?

Accepted Answer

The Tax Court will hold that t

Question 18

What is the purpose of Treasury Regulations?

Accepted Answer

The Treasury Department issues regulatio

Question 19

The issues must be determined.The issues may not always be clear and may be different than the client believes.Thus,only a thorough understanding of the facts permits an adequate formulation of the issues.

Accepted Answer

In addressing the input question, it is

Question 20

George's case was handled under the "small tax case procedure." He does not agree with the findings of the Tax Court.He would like to appeal the decision.Which one of the following is true?

Accepted Answer

A) There is no appeal. 
B) He can appeal the case,but only if the amount of tax involved is greater than $5,000. 
C) He would appeal first to the U.S.Court of Appeals for the Federal Circuit. 
D) He would appeal first to the U.S.Court of Federal Claims. 
A) There is no appeal. 
B) He can appeal the case,but only if the amount of tax involved is greater than $5,000. 
C) He would appeal first to the U.S.Court of Appeals for the Federal Circuit. 
D) He would appeal first to the U.S.Court of Federal Claims.

Exam 31: Tax Research

Identify which of the following statements is false.

Compare and contrast proposed,temporary,and final regulations.

Identify which of the following statements is true.

The phrase "Entered under Rule 155" indicates that

In all situations,tax considerations are of primary importance.Do you agree or disagree? Support your answer.

Why does a researcher use a citator?

There are no questions for this section. LO4: The Sources of Tax Law

Identify which of the following statements is true.

Regular decisions are published by the U.S.Government Printing Office in the Tax Court of the United States Reports,while memorandum decisions are published by private companies. Similarity:

Identify which of the following statements is false.

What are some of the factors to consider when deciding in which court to file a tax-related claim?

When the Tax Court follows the opinion of the circuit court of appeals to which the case is appealable,the court is following the

In 1998,Congress passed legislation concerning shifting the burden of proof to the IRS.The taxpayer must introduce "credible evidence" to shift the burden of proof to the IRS.What constitutes "credible evidence?"

The citation "Rev.Rul.2006-8,2006-1 C.B.541" refers to

What is the purpose of a citator?

Which of the following best describes the weight of a revenue ruling?

The Tax Court decides an expenditure is deductible in the year the issue was first litigated.The government appealed and won a reversal in the Ninth Circuit Court of Appeals.It is the only appellate decision regarding the issue.If and when the Tax Court encounters this issue again,how will it hold?

What is the purpose of Treasury Regulations?

The issues must be determined.The issues may not always be clear and may be different than the client believes.Thus,only a thorough understanding of the facts permits an adequate formulation of the issues.

George's case was handled under the "small tax case procedure." He does not agree with the findings of the Tax Court.He would like to appeal the decision.Which one of the following is true?

Tax Research

Corporate Formations and Capital Structure

the Corporate Income Tax

Corporate Nonliquidating Distributions

Other Corporate Tax Levies

Corporate Liquidating Distributions

Corporate Acquisitions and Reorganizations

Consolidated Tax Returns

Partnership Formation and Operation

Special Partnership Issues

S Corporations

The Gift Tax

The Estate Tax

Income Taxation of Trusts and Estates

Administrative Procedures

Ustaxation of Foreign-Related Transactions

An Introduction to Taxation

Determination of Tax

Gross Income: Inclusions

Gross Income: Exclusions

Property Transactions: Capital Gains and Losses

Deductions and Losses

Itemized Deductions

Losses and Bad Debts

Employee Expenses and Deferred Compensation

Depreciation, cost Recovery, amortization, and Depletion

Accounting Periods and Methods

Property Transactions: Nontaxable Exchanges

Property Transactions: Sec1231 and Recapture

Special Tax Computation Methods, tax Credits, and Payment of Tax

Corporations

Partnerships and S Corporations

Taxes and Investment Planning

Filters