Question 1

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 each court's published precedents pertaining to the issue; the desirability of a jury trial; the tax expertise of each court; the effect on the taxpayer's cash flow.

Question 2

Does Title 26 contain statutory provisions dealing only with income taxation? Explain.

Accepted Answer

No; Title 26 deals with all taxation matters,not just income taxation.It covers estate tax,gift tax,employment tax,alcohol and tobacco tax,and excise tax matters.

Question 3

The Senate equivalent of the House Ways and Means Committee is the Senate

Accepted Answer

A)  Finance Committee. 
B)  Ways and Means Committee. 
C)  Tax Committee. 
D)  Joint Conference Committee. 
A)  Finance Committee. 
B)  Ways and Means Committee. 
C)  Tax Committee. 
D)  Joint Conference Committee. A

Question 4

Appeals from the U.S.Tax Court are to the Court of Appeals for the Federal Circuit.

Accepted Answer

A) True 
 B)False

Question 5

A tax bill introduced in the House of Representatives is then

Accepted Answer

A)  referred to the House Ways and Means Committee for hearings and approval. 
B)  referred to the entire House for hearings. 
C)  voted upon by the entire House. 
D)  forwarded to the Senate Finance Committee for consideration. 
A)  referred to the House Ways and Means Committee for hearings and approval. 
B)  referred to the entire House for hearings. 
C)  voted upon by the entire House. 
D)  forwarded to the Senate Finance Committee for consideration.

Question 6

According to the AICPA's Statements on Standards for Tax Services,what duties does the tax practitioner owe the client?

Accepted Answer

The tax practitioner owes the client the

Question 7

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 8

What is the minimum information that should be contained in a citation?

Accepted Answer

A citation should contain,at a minimum,t

Question 9

In list form,outline the steps to follow when using a tax service.

Accepted Answer

1)Use a key word search.
2)Read the appl

Question 10

The term "tax law" includes

Accepted Answer

A)  legislation. 
B)  treasury regulations. 
C)  judicial decisions. 
D)  all of the above 
A)  legislation. 
B)  treasury regulations. 
C)  judicial decisions. 
D)  all of the above

Question 11

The tax statutes with the popular name "The Internal Revenue Code of 1986" are contained in which Title of the Code?

Accepted Answer

A)  20 
B)  25 
C)  26 
D)  301 
A)  20 
B)  25 
C)  26 
D)  301

Question 12

Which of the following is a true statement regarding primary authority of tax law?

Accepted Answer

A)  Articles in The Journal of Taxation are viewed as primary authority. 
B)  Primary authority includes the Code, as well as administrative and judicial interpretations. 
C)  The Bloomberg BNA Daily Tax Reporter is a source of primary tax authority. 
D)  Tax services are sources of primary tax authority. 
A)  Articles in The Journal of Taxation are viewed as primary authority. 
B)  Primary authority includes the Code, as well as administrative and judicial interpretations. 
C)  The Bloomberg BNA Daily Tax Reporter is a source of primary tax authority. 
D)  Tax services are sources of primary tax authority.

Question 13

Explain how committee reports can be used in tax research.What do they indicate?

Accepted Answer

Committee reports can help res

Question 14

Which of the following citations denotes a regular decision of the Tax Court?

Accepted Answer

A)  41 TCM 1272 
B)  35 T.C. 1083 (2003) 
C)  39 AFTR 2d 77-640 
D)  all of the above 
A)  41 TCM 1272 
B)  35 T.C. 1083 (2003) 
C)  39 AFTR 2d 77-640 
D)  all of the above

Question 15

Explain the legislative reenactment doctrine.

Accepted Answer

Under the legislative reenactment doctri

Question 16

Distinguish between an annotated tax service and a topical tax service.

Accepted Answer

An annotated tax service is organized by

Question 17

Identify which of the following statements is false.

Accepted Answer

A)  Letter rulings are not published by the U.S. Government Printing Office. 
B)  Technical advice memoranda are issued by the Internal Revenue Service's National Office to provide an answer to a technical question that arises in an audit. 
C)  The citation Ann. 2006-12, I.R.B. 2006-51, 22 refers to an annotation of an Internal Revenue Service release. 
D)  Announcements are more technical than information releases. 
A)  Letter rulings are not published by the U.S. Government Printing Office. 
B)  Technical advice memoranda are issued by the Internal Revenue Service's National Office to provide an answer to a technical question that arises in an audit. 
C)  The citation Ann. 2006-12, I.R.B. 2006-51, 22 refers to an annotation of an Internal Revenue Service release. 
D)  Announcements are more technical than information releases.

Question 18

Which of the following statements regarding proposed regulations is not correct?

Accepted Answer

A)  Proposed regulations expire after three years. 
B)  Practitioners and other interested parties may comment on proposed regulations. 
C)  Proposed and temporary regulations are generally issued simultaneously. 
D)  Proposed regulations do not provide any insight into the IRS's interpretation of the tax law. 
A)  Proposed regulations expire after three years. 
B)  Practitioners and other interested parties may comment on proposed regulations. 
C)  Proposed and temporary regulations are generally issued simultaneously. 
D)  Proposed regulations do not provide any insight into the IRS's interpretation of the tax law.

Question 19

Where must a tax researcher look to access all Tax Court cases?

Accepted Answer

The regular opinions are found in the Ta

Question 20

The taxpayer need not pay the disputed tax in advance when the suit is initiated in

Accepted Answer

A)  U.S. Court of Federal Claims. 
B)  U.S. Tax Court. 
C)  U.S. District Court. 
D)  both A and B. 
A)  U.S. Court of Federal Claims. 
B)  U.S. Tax Court. 
C)  U.S. District Court. 
D)  both A and B.

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

Does Title 26 contain statutory provisions dealing only with income taxation? Explain.

The Senate equivalent of the House Ways and Means Committee is the Senate

Appeals from the U.S.Tax Court are to the Court of Appeals for the Federal Circuit.

A tax bill introduced in the House of Representatives is then

According to the AICPA's Statements on Standards for Tax Services,what duties does the tax practitioner owe the client?

Why does a researcher use a citator?

What is the minimum information that should be contained in a citation?

In list form,outline the steps to follow when using a tax service.

The term "tax law" includes

The tax statutes with the popular name "The Internal Revenue Code of 1986" are contained in which Title of the Code?

Which of the following is a true statement regarding primary authority of tax law?

Explain how committee reports can be used in tax research.What do they indicate?

Which of the following citations denotes a regular decision of the Tax Court?

Explain the legislative reenactment doctrine.

Distinguish between an annotated tax service and a topical tax service.

Identify which of the following statements is false.

Which of the following statements regarding proposed regulations is not correct?

Where must a tax researcher look to access all Tax Court cases?

The taxpayer need not pay the disputed tax in advance when the suit is initiated in

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

US Corporations

The Gift Tax

The Estate Tax

Income Taxation of Trusts and Estates

Administrative Procedures

US Taxation of Foreign-Related Transactions

Filters

Exam 1: Tax Research

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

Does Title 26 contain statutory provisions dealing only with income taxation? Explain.

The Senate equivalent of the House Ways and Means Committee is the Senate

Appeals from the U.S.Tax Court are to the Court of Appeals for the Federal Circuit.

A tax bill introduced in the House of Representatives is then

According to the AICPA's Statements on Standards for Tax Services,what duties does the tax practitioner owe the client?

Why does a researcher use a citator?

What is the minimum information that should be contained in a citation?

In list form,outline the steps to follow when using a tax service.

The term "tax law" includes

The tax statutes with the popular name "The Internal Revenue Code of 1986" are contained in which Title of the Code?

Which of the following is a true statement regarding primary authority of tax law?

Explain how committee reports can be used in tax research.What do they indicate?

Which of the following citations denotes a regular decision of the Tax Court?

Explain the legislative reenactment doctrine.

Distinguish between an annotated tax service and a topical tax service.

Identify which of the following statements is false.

Which of the following statements regarding proposed regulations is not correct?

Where must a tax researcher look to access all Tax Court cases?

The taxpayer need not pay the disputed tax in advance when the suit is initiated in

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

US Corporations

The Gift Tax

The Estate Tax

Income Taxation of Trusts and Estates

Administrative Procedures

US Taxation of Foreign-Related Transactions

Filters