Question 1

Which of the following documents is issued by the IRS to a specific taxpayer?

Accepted Answer

A)  regulation 
B)  revenue procedure 
C)  letter ruling 
D)  information release 
A)  regulation 
B)  revenue procedure 
C)  letter ruling 
D)  information release C

Question 2

Which of the following courts is not a trial court for tax cases?

Accepted Answer

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

Question 3

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 4

Which of the following citations is the primary citation for a U.S.District Court case?

Accepted Answer

A)  43 AFTR 2d 79-1023 
B)  79-1 USTC &9323 
C)  55 F.2d 930 
D)  40 F.Supp. 453 
A)  43 AFTR 2d 79-1023 
B)  79-1 USTC &9323 
C)  55 F.2d 930 
D)  40 F.Supp. 453

Question 5

A revenue ruling is issued by the Internal Revenue Service only in response to a verbal inquiry by a taxpayer.

Accepted Answer

A) True 
 B)False

Question 6

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 7

Which tax service is usually deemed to be the most authoritative?

Accepted Answer

A)  United States Tax Reporter 
B)  Standard Federal Tax Reporter 
C)  Federal Tax Coordinator 2d 
D)  All are equally authoritative. 
A)  United States Tax Reporter 
B)  Standard Federal Tax Reporter 
C)  Federal Tax Coordinator 2d 
D)  All are equally authoritative.

Question 8

The primary citation for a federal circuit court of appeals case would be

Accepted Answer

A)  40 AFTR 2d 78-1234. 
B)  44 F.Supp. 403. 
C)  3 F.3d 134. 
D)  79-2 USTC & 9693. 
A)  40 AFTR 2d 78-1234. 
B)  44 F.Supp. 403. 
C)  3 F.3d 134. 
D)  79-2 USTC & 9693.

Question 9

Which of the following is secondary authority?

Accepted Answer

A)  Internal Revenue Code 
B)  Treasury Regulations 
C)  RIA and CCH tax services 
D)  Revenue Ruling 
A)  Internal Revenue Code 
B)  Treasury Regulations 
C)  RIA and CCH tax services 
D)  Revenue Ruling

Question 10

You have the following citation: Joel Munro,92 T.C.71 (1989).Which of the following statements is true?

Accepted Answer

A)  The taxpayer, Joel Munro, won the case because there is no reference to the IRS. 
B)  The case appears on page 71 in Volume 92 of the official Tax Court of the United States Reports and the case was decided in 1989. 
C)  This citation refers to a taxpayer conference between the IRS and the taxpayer. 
D)  The case was tried in 1989 and was appealed in 1992. 
A)  The taxpayer, Joel Munro, won the case because there is no reference to the IRS. 
B)  The case appears on page 71 in Volume 92 of the official Tax Court of the United States Reports and the case was decided in 1989. 
C)  This citation refers to a taxpayer conference between the IRS and the taxpayer. 
D)  The case was tried in 1989 and was appealed in 1992.

Question 11

When Congress passes a statute with language such as,"The Secretary shall prescribe such regulations as he may deem necessary," the regulations ultimately issued for that statute are

Accepted Answer

A)  congressional regulations. 
B)  statutory regulations. 
C)  interpretative regulations. 
D)  legislative regulations. 
A)  congressional regulations. 
B)  statutory regulations. 
C)  interpretative regulations. 
D)  legislative regulations.

Question 12

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

Accepted Answer

An annotated tax service is organized by

Question 13

A jury trial is permitted in the

Accepted Answer

A)  U.S. District Court. 
B)  U.S. Tax Court. 
C)  U.S. Court of Federal Claims. 
D)  U.S. Tax Court when the small case procedures are used. 
A)  U.S. District Court. 
B)  U.S. Tax Court. 
C)  U.S. Court of Federal Claims. 
D)  U.S. Tax Court when the small case procedures are used.

Question 14

Title 26 of the U.S.Code includes

Accepted Answer

A)  income tax legislation only. 
B)  gift tax and estate tax legislation only. 
C)  alcohol and tobacco tax legislation only. 
D)  all of the tax legislation mentioned above. 
A)  income tax legislation only. 
B)  gift tax and estate tax legislation only. 
C)  alcohol and tobacco tax legislation only. 
D)  all of the tax legislation mentioned above.

Question 15

What are the purposes of citations in tax research?

Accepted Answer

Citations serve two purposes.F

Question 16

If the U.S.District Court for Rhode Island,the Tax Court,and the Eleventh Circuit have all ruled on a particular issue,then what precedents have been set for which courts in the future?

Accepted Answer

Any U.S.District court within the Eleven

Question 17

Identify which of the following statements is false.

Accepted Answer

A)  Regular and memorandum decisions of the Tax Court are published by the government in the Tax Court of the United States Reports. 
B)  The citation Cristofani, 97 T.C. 74 (1991) indicates that the decision is a regular decision of the Tax Court. 
C)  The citation Estate of Newhouse, 94 T.C. 193 (1990), nonacq. 1991-1 C.B. 1 indicates that the IRS did not formally disagree with this 1990 Tax Court decision until 1991. 
D)  The Board of Tax Appeals preceded the Tax Court. 
A)  Regular and memorandum decisions of the Tax Court are published by the government in the Tax Court of the United States Reports. 
B)  The citation Cristofani, 97 T.C. 74 (1991) indicates that the decision is a regular decision of the Tax Court. 
C)  The citation Estate of Newhouse, 94 T.C. 193 (1990), nonacq. 1991-1 C.B. 1 indicates that the IRS did not formally disagree with this 1990 Tax Court decision until 1991. 
D)  The Board of Tax Appeals preceded the Tax Court.

Question 18

Compare and contrast "interpretative" and "statutory" regulations.

Accepted Answer

Both types of regulations are issued by

Question 19

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 20

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.

Which of the following documents is issued by the IRS to a specific taxpayer?

Which of the following courts is not a trial court for tax cases?

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

Which of the following citations is the primary citation for a U.S.District Court case?

A revenue ruling is issued by the Internal Revenue Service only in response to a verbal inquiry by a taxpayer.

Identify which of the following statements is false.

Which tax service is usually deemed to be the most authoritative?

The primary citation for a federal circuit court of appeals case would be

Which of the following is secondary authority?

You have the following citation: Joel Munro,92 T.C.71 (1989).Which of the following statements is true?

When Congress passes a statute with language such as,"The Secretary shall prescribe such regulations as he may deem necessary," the regulations ultimately issued for that statute are

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

A jury trial is permitted in the

Title 26 of the U.S.Code includes

What are the purposes of citations in tax research?

If the U.S.District Court for Rhode Island,the Tax Court,and the Eleventh Circuit have all ruled on a particular issue,then what precedents have been set for which courts in the future?

Identify which of the following statements is false.

Compare and contrast "interpretative" and "statutory" regulations.

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

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

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

Exam 15: Tax Research

Which of the following documents is issued by the IRS to a specific taxpayer?

Which of the following courts is not a trial court for tax cases?

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

Which of the following citations is the primary citation for a U.S.District Court case?

A revenue ruling is issued by the Internal Revenue Service only in response to a verbal inquiry by a taxpayer.

Identify which of the following statements is false.

Which tax service is usually deemed to be the most authoritative?

The primary citation for a federal circuit court of appeals case would be

Which of the following is secondary authority?

You have the following citation: Joel Munro,92 T.C.71 (1989).Which of the following statements is true?

When Congress passes a statute with language such as,"The Secretary shall prescribe such regulations as he may deem necessary," the regulations ultimately issued for that statute are

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

A jury trial is permitted in the

Title 26 of the U.S.Code includes

What are the purposes of citations in tax research?

If the U.S.District Court for Rhode Island,the Tax Court,and the Eleventh Circuit have all ruled on a particular issue,then what precedents have been set for which courts in the future?

Identify which of the following statements is false.

Compare and contrast "interpretative" and "statutory" regulations.

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

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

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