Question 1

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 2

Describe the format of a client memo.

Accepted Answer

A client memo should include a statement

Question 3

Regulations are

Accepted Answer

A) equal in authority to legislation. 
B) equal in authority to legislation if statutory. 
C) presumed to be valid and to have almost the same weight as the IRC. 
D) equal in authority to legislation if interpretative. 
A) equal in authority to legislation. 
B) equal in authority to legislation if statutory. 
C) presumed to be valid and to have almost the same weight as the IRC. 
D) equal in authority to legislation if interpretative.

Question 4

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 5

A Technical Advice Memorandum is usually

Accepted Answer

A) an internal IRS document describing alternative legislative proposals. 
B) part of a Tax Court decision. 
C) requested by the taxpayer before entering into a taxable transaction. 
D) issued by the national office in response to an audit request. 
A) an internal IRS document describing alternative legislative proposals. 
B) part of a Tax Court decision. 
C) requested by the taxpayer before entering into a taxable transaction. 
D) issued by the national office in response to an audit request.

Question 6

Compare and contrast proposed,temporary,and final regulations.

Accepted Answer

Proposed regulations are not authoritati

Question 7

Identify which of the following statements is false.

Accepted Answer

A) The acquiescence policy was adopted by the U.S.Tax Court to permit litigating parties to agree on the exact amount of the tax due. 
B) Letter rulings are binding only with respect to the taxpayer requesting the ruling. 
C) The small cases procedure of the U.S.Tax Court allows a less formal hearing but provides for no appeal. 
D) The IRS may retroactively revoke an acquiescence. 
A) The acquiescence policy was adopted by the U.S.Tax Court to permit litigating parties to agree on the exact amount of the tax due. 
B) Letter rulings are binding only with respect to the taxpayer requesting the ruling. 
C) The small cases procedure of the U.S.Tax Court allows a less formal hearing but provides for no appeal. 
D) The IRS may retroactively revoke an acquiescence.

Question 8

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 9

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 10

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 11

Assume that you want to read a description of a particular area of the law,along with one or more illustrations of how that law is applied.You will not find that type of material in

Accepted Answer

A) a citator. 
B) the Treasury Regulations. 
C) the Cumulative Bulletin. 
D) the Committee Reports. 
A) a citator. 
B) the Treasury Regulations. 
C) the Cumulative Bulletin. 
D) the Committee Reports.

Question 12

Which regulation deals with Code Section 165?

Accepted Answer

A) Reg.Sec.1.165-5 
B) Reg.Sec.165.183-5 
C) Reg.Sec.1.5-165 
D) Reg.Sec.165-5 
A) Reg.Sec.1.165-5 
B) Reg.Sec.165.183-5 
C) Reg.Sec.1.5-165 
D) Reg.Sec.165-5

Question 13

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 14

Identify which of the following statements is true.

Accepted Answer

A) RIA United States Tax Reporter and CCH Standard Federal Tax Reporter are topical tax services. 
B) An annotated tax service is organized by broad subject areas. 
C) Annotations are summaries of IRS pronouncements and court opinions. 
D) All of the above are false. 
A) RIA United States Tax Reporter and CCH Standard Federal Tax Reporter are topical tax services. 
B) An annotated tax service is organized by broad subject areas. 
C) Annotations are summaries of IRS pronouncements and court opinions. 
D) All of the above are false.

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

Describe the format of a client memo.

Regulations are

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

A Technical Advice Memorandum is usually

Compare and contrast proposed,temporary,and final regulations.

Identify which of the following statements is false.

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

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

Identify which of the following statements is false.

Assume that you want to read a description of a particular area of the law,along with one or more illustrations of how that law is applied.You will not find that type of material in

Which regulation deals with Code Section 165?

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

Identify which of the following statements is true.

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

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

Describe the format of a client memo.

Regulations are

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

A Technical Advice Memorandum is usually

Compare and contrast proposed,temporary,and final regulations.

Identify which of the following statements is false.

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

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

Identify which of the following statements is false.

Assume that you want to read a description of a particular area of the law,along with one or more illustrations of how that law is applied.You will not find that type of material in

Which regulation deals with Code Section 165?

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

Identify which of the following statements is true.

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