Question 1

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

Accepted Answer

A citation should contain,at a minimum,t

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

When the House and Senate versions of a tax bill are not in agreement,the disagreements are resolved by the

Accepted Answer

A)  Ways and Means Committee. 
B)  Mediation Committee. 
C)  Revenue Committee. 
D)  Conference Committee. 
A)  Ways and Means Committee. 
B)  Mediation Committee. 
C)  Revenue Committee. 
D)  Conference Committee.

Question 4

Is it possible for the Tax Court to intentionally issue conflicting decisions?

Accepted Answer

Yes.If the Tax Court is issuing two deci

Question 5

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 6

Which regulation deals with the gift tax?

Accepted Answer

A)  Reg. Sec. 1.165-5 
B)  Reg. Sec. 20.2014-5 
C)  Reg. Sec. 25.2518-5 
D)  Reg. Sec. 301.7002-5 
A)  Reg. Sec. 1.165-5 
B)  Reg. Sec. 20.2014-5 
C)  Reg. Sec. 25.2518-5 
D)  Reg. Sec. 301.7002-5

Question 7

Small case procedures of the U.S.Tax Court requires that the amount in dispute not exceed

Accepted Answer

A)  $5,000. 
B)  $10,000. 
C)  $50,000. 
D)  $100,000. 
A)  $5,000. 
B)  $10,000. 
C)  $50,000. 
D)  $100,000.

Question 8

Regulations issued prior to the latest tax legislation dealing with a specific Code section are still effective to the extent they do not conflict with the provisions in the new legislation.

Accepted Answer

A) True 
 B)False

Question 9

Tax Court memorandum decisions

Accepted Answer

A)  cannot be appealed. 
B)  are not published. 
C)  have less precedential value than regular decisions. 
D)  usually deal with factual variations of issues litigated previously. 
A)  cannot be appealed. 
B)  are not published. 
C)  have less precedential value than regular decisions. 
D)  usually deal with factual variations of issues litigated previously.

Question 10

Compare and contrast proposed,temporary,and final regulations.

Accepted Answer

Proposed regulations are not authoritati

Question 11

Which of the following steps,related to a tax bill,occurs first?

Accepted Answer

A)  signature or veto by the President of the United States 
B)  consideration by the Senate Finance Committee 
C)  consideration by the entire Senate 
D)  consideration by the House Ways and Means Committee 
A)  signature or veto by the President of the United States 
B)  consideration by the Senate Finance Committee 
C)  consideration by the entire Senate 
D)  consideration by the House Ways and Means Committee

Question 12

Your client wants to deduct commuting expenses on his tax return.You explain to the client that there is no legal authority allowing this deduction.The client,however,continues to insist on this action.What guidance do the Statements on Standards for Tax Services provide in this dilemma?

Accepted Answer

According to Statement on Tax Standards,

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

What is an information release?

Accepted Answer

The IRS issues information rel

Question 15

Under what circumstances might a tax advisor find the provisions of a tax treaty useful?

Accepted Answer

A tax advisor might consult th

Question 16

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 17

Describe the appeals process in tax litigation.

Accepted Answer

Appeals from Tax Court and U.S.district

Question 18

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 19

Final regulations can take effect on any of the following dates except

Accepted Answer

A)  the effective date of the statutory language they interpret, provided they are issued within 18 months of the date of the change to the statute. 
B)  the date on which final regulations were proposed. 
C)  the date on which related temporary regulations were first published in the Federal Register. 
D)  the date on which they were issued in final form. 
A)  the effective date of the statutory language they interpret, provided they are issued within 18 months of the date of the change to the statute. 
B)  the date on which final regulations were proposed. 
C)  the date on which related temporary regulations were first published in the Federal Register. 
D)  the date on which they were issued in final form.

Question 20

What is "forum-shopping"?

Accepted Answer

Forum-shopping involves choosing where a

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

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

When the House and Senate versions of a tax bill are not in agreement,the disagreements are resolved by the

Is it possible for the Tax Court to intentionally issue conflicting decisions?

Identify which of the following statements is false.

Which regulation deals with the gift tax?

Small case procedures of the U.S.Tax Court requires that the amount in dispute not exceed

Regulations issued prior to the latest tax legislation dealing with a specific Code section are still effective to the extent they do not conflict with the provisions in the new legislation.

Tax Court memorandum decisions

Compare and contrast proposed,temporary,and final regulations.

Which of the following steps,related to a tax bill,occurs first?

Your client wants to deduct commuting expenses on his tax return.You explain to the client that there is no legal authority allowing this deduction.The client,however,continues to insist on this action.What guidance do the Statements on Standards for Tax Services provide in this dilemma?

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?"

What is an information release?

Under what circumstances might a tax advisor find the provisions of a tax treaty useful?

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

Describe the appeals process in tax litigation.

Identify which of the following statements is true.

Final regulations can take effect on any of the following dates except

What is "forum-shopping"?

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

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

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

When the House and Senate versions of a tax bill are not in agreement,the disagreements are resolved by the

Is it possible for the Tax Court to intentionally issue conflicting decisions?

Identify which of the following statements is false.

Which regulation deals with the gift tax?

Small case procedures of the U.S.Tax Court requires that the amount in dispute not exceed

Regulations issued prior to the latest tax legislation dealing with a specific Code section are still effective to the extent they do not conflict with the provisions in the new legislation.

Tax Court memorandum decisions

Compare and contrast proposed,temporary,and final regulations.

Which of the following steps,related to a tax bill,occurs first?

Your client wants to deduct commuting expenses on his tax return.You explain to the client that there is no legal authority allowing this deduction.The client,however,continues to insist on this action.What guidance do the Statements on Standards for Tax Services provide in this dilemma?

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?"

What is an information release?

Under what circumstances might a tax advisor find the provisions of a tax treaty useful?

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

Describe the appeals process in tax litigation.

Identify which of the following statements is true.

Final regulations can take effect on any of the following dates except

What is "forum-shopping"?

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