Question 1

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

Accepted Answer

A) 247 F.Supp. 1519 
B) 49 TCM 769 
C) 54 TC 1873 
D) 531 F.2d 1165 
E) 1987-2 CB 674 
A) 247 F.Supp. 1519 
B) 49 TCM 769 
C) 54 TC 1873 
D) 531 F.2d 1165 
E) 1987-2 CB 674 C

Question 2

Match each statement with the correct term below.
-Ways and Means Committee

Accepted Answer

A) Where federal tax legislation generally originates. 
B) Has jurisdiction over all tax matters in the U.S. Senate. 
C) The committee responsible for initial hearings and deliberations on a tax bill. 
D) Responsible for negotiating a resolution of the differences in the House and Senate versions of a tax bill. 
E) The agency within the administrative branch of government with overall responsibility for administration of tax law.
F)Oversees the operation and administration of the tax system as a whole, and prepares a general explanation of any tax bill signed by the President. 
A) Where federal tax legislation generally originates. 
B) Has jurisdiction over all tax matters in the U.S. Senate. 
C) The committee responsible for initial hearings and deliberations on a tax bill. 
D) Responsible for negotiating a resolution of the differences in the House and Senate versions of a tax bill. 
E) The agency within the administrative branch of government with overall responsibility for administration of tax law.
F)Oversees the operation and administration of the tax system as a whole, and prepares a general explanation of any tax bill signed by the President. C

Question 3

Which of the following is (are) secondary sources of tax law?
I.Revenue Ruling.
II.The Tax Adviser.
III.Murphy and Higgins' Concepts in Federal Taxation.
IV.Tax Treaty with Denmark.
​

Accepted Answer

A) Statements I, II, and III are correct. 
B) Statements I and II are correct. 
C) Statements II and III are correct. 
D) Only statement IV is correct. 
E) Only statement III is correct. 
A) Statements I, II, and III are correct. 
B) Statements I and II are correct. 
C) Statements II and III are correct. 
D) Only statement IV is correct. 
E) Only statement III is correct. C

Question 4

After a tax bill has been enacted, the House Ways and Means committee prepares a general explanation of the bill as approved by the president.

Accepted Answer

A) True 
 B)False

Question 5

The court that a taxpayer may not select for trial is

Accepted Answer

A) the Tax Court. 
B) the U.S. Claims Court. 
C) the U.S. District Court. 
D) the U.S. Court of Appeals. 
A) the Tax Court. 
B) the U.S. Claims Court. 
C) the U.S. District Court. 
D) the U.S. Court of Appeals.

Question 6

Match each statement with the correct term below.
-House of Representatives

Accepted Answer

A) Where federal tax legislation generally originates. 
B) Has jurisdiction over all tax matters in the U.S. Senate. 
C) The committee responsible for initial hearings and deliberations on a tax bill. 
D) Responsible for negotiating a resolution of the differences in the House and Senate versions of a tax bill. 
E) The agency within the administrative branch of government with overall responsibility for administration of tax law.
F)Oversees the operation and administration of the tax system as a whole, and prepares a general explanation of any tax bill signed by the President. 
A) Where federal tax legislation generally originates. 
B) Has jurisdiction over all tax matters in the U.S. Senate. 
C) The committee responsible for initial hearings and deliberations on a tax bill. 
D) Responsible for negotiating a resolution of the differences in the House and Senate versions of a tax bill. 
E) The agency within the administrative branch of government with overall responsibility for administration of tax law.
F)Oversees the operation and administration of the tax system as a whole, and prepares a general explanation of any tax bill signed by the President.

Question 7

Title 26 of the U.S. Code includes

Accepted Answer

A) Alcohol and tobacco tax legislation only. 
B) Gift tax and estate tax legislation only. 
C) Income Tax legislation only. 
D) Self employment tax legislation only. 
E) All of the tax legislation mentioned above. 
A) Alcohol and tobacco tax legislation only. 
B) Gift tax and estate tax legislation only. 
C) Income Tax legislation only. 
D) Self employment tax legislation only. 
E) All of the tax legislation mentioned above.

Question 8

Which of the following statements pertaining to acquiescence and nonacquiescence is not true?

Accepted Answer

A) Acquiescence means the IRS will follow the decision of the court in cases. 
B) An announcement of nonacquiescence would prevent a taxpayer with similar circumstances from following that court decision. 
C) The IRS may issue an acquiescence or nonacquiescence to opinions of the Tax Court and other federal court decisions. 
D) An announcement of acquiescence may be withdrawn, modified or reversed. 
A) Acquiescence means the IRS will follow the decision of the court in cases. 
B) An announcement of nonacquiescence would prevent a taxpayer with similar circumstances from following that court decision. 
C) The IRS may issue an acquiescence or nonacquiescence to opinions of the Tax Court and other federal court decisions. 
D) An announcement of acquiescence may be withdrawn, modified or reversed.

Question 9

If the House and the Senate both approve similar but not identical tax bills, any differences between the two pieces of legislation are resolved by the

Accepted Answer

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

Question 10

Taxpayers may elect to use the small claims division of the U.S. Tax Court if the amount of tax in dispute is less than

Accepted Answer

A) $1,000 
B) $2,500 
C) $5,000 
D) $10,000 
E) $50,000 
A) $1,000 
B) $2,500 
C) $5,000 
D) $10,000 
E) $50,000

Question 11

Which of the following is true of revenue rulings?

Accepted Answer

A) Lower courts are bound by them. 
B) They are a subset of Treasury Regulations. 
C) Once affirmed by an appellate court, they have the force of law. 
D) Although they represent the official policy of the IRS, courts may overrule them. 
E) All of the above. 
A) Lower courts are bound by them. 
B) They are a subset of Treasury Regulations. 
C) Once affirmed by an appellate court, they have the force of law. 
D) Although they represent the official policy of the IRS, courts may overrule them. 
E) All of the above.

Question 12

If the U.S. Supreme Court denies a writ of certiorari, it means
I.The court did not feel the case was important enough to review.
II.The decision of the lower court is correct.
III.The decision of the circuit court of appeals is effectively reversed.
IV.The Supreme Court has agreed to hear the case.
​

Accepted Answer

A) Only statement I is correct. 
B) Statements I and II are correct. 
C) Statements II and IV are correct. 
D) Only statement III is correct. 
E) Statements I, III, and IV are correct. 
A) Only statement I is correct. 
B) Statements I and II are correct. 
C) Statements II and IV are correct. 
D) Only statement III is correct. 
E) Statements I, III, and IV are correct.

Question 13

Which of the following is (are) primary sources of tax law?
I.Joint Conference Committee Reports.
II.Journal of Taxation.
III.Revenue Procedures.
IV.Tax Treaty with France.
V.U.S. Tax Court Memorandum Decisions.
​

Accepted Answer

A) Only statement IV is correct. 
B) Only statement I is correct. 
C) Statements II and III are correct. 
D) Statements I, III, IV, and V are correct. 
E) Statements I, II, III, IV, and V are correct. 
A) Only statement IV is correct. 
B) Only statement I is correct. 
C) Statements II and III are correct. 
D) Statements I, III, IV, and V are correct. 
E) Statements I, II, III, IV, and V are correct.

Question 14

Citators

Accepted Answer

A) are primary authorities. 
B) are not necessary for effective tax research. 
C) refer to the case being evaluated as the citing case. 
D) give information on the history of a court case. 
A) are primary authorities. 
B) are not necessary for effective tax research. 
C) refer to the case being evaluated as the citing case. 
D) give information on the history of a court case.

Question 15

Which of the following regulations deals with Estate Tax?

Accepted Answer

A) Reg. Sec. 1.165-1 
B) Reg. Sec. 20.2014-5 
C) Reg. Sec. 25.2518-5 
D) Reg. Sec. 301.7002-5 
A) Reg. Sec. 1.165-1 
B) Reg. Sec. 20.2014-5 
C) Reg. Sec. 25.2518-5 
D) Reg. Sec. 301.7002-5

Question 16

What body prepares a compromise version of tax legislation when the House and Senate versions are not in agreement?

Accepted Answer

A) Arbitration Committee. 
B) Joint Committee on Taxation. 
C) House Ways and Means Committee. 
D) Judiciary Committee. 
E) Joint Conference Committee. 
A) Arbitration Committee. 
B) Joint Committee on Taxation. 
C) House Ways and Means Committee. 
D) Judiciary Committee. 
E) Joint Conference Committee.

Question 17

Which of the following is a characteristic of U.S. District Courts?

Accepted Answer

A) A District Court is a national court that hears cases from taxpayers anywhere in the U.S. 
B) The District Court judges are tax specialists who hear only tax cases. 
C) A taxpayer need not pay any alleged deficiency in order to bring an action against the IRS. 
D) The taxpayer may obtain a jury trial; the jury decides matters of fact but not matters of law. 
A) A District Court is a national court that hears cases from taxpayers anywhere in the U.S. 
B) The District Court judges are tax specialists who hear only tax cases. 
C) A taxpayer need not pay any alleged deficiency in order to bring an action against the IRS. 
D) The taxpayer may obtain a jury trial; the jury decides matters of fact but not matters of law.

Question 18

The National Office of the IRS issues private letter rulings and technical advice memoranda and these pronouncements are binding on the IRS.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following statements pertaining to tax law is true?
I.A tax textbook is considered a primary source.
II.Secondary sources help locate and interpret primary sources.
III.Primary sources emanate from the three branches of the federal government.
IV.An article in a law journal written by a former commissioner of the Internal Revenue Service is considered a secondary source of tax law.
​

Accepted Answer

A) Only statement I is correct. 
B) Statements I and II are correct. 
C) Statements I, II, and III are correct. 
D) Statements II, III, and IV are correct. 
E) Statements I, II, III, and IV are correct. 
A) Only statement I is correct. 
B) Statements I and II are correct. 
C) Statements I, II, and III are correct. 
D) Statements II, III, and IV are correct. 
E) Statements I, II, III, and IV are correct.

Question 20

Which of the following sources of tax law authority has the highest tax validity?

Accepted Answer

A) Cumulative Bulletin. 
B) Tax Court Decision. 
C) Revenue Ruling. 
D) Internal Revenue Code Section. 
E) Regulation Section. 
A) Cumulative Bulletin. 
B) Tax Court Decision. 
C) Revenue Ruling. 
D) Internal Revenue Code Section. 
E) Regulation Section.

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

Match each statement with the correct term below. -Ways and Means Committee

Which of the following is (are) secondary sources of tax law? I.Revenue Ruling. II.The Tax Adviser. III.Murphy and Higgins' Concepts in Federal Taxation. IV.Tax Treaty with Denmark.

After a tax bill has been enacted, the House Ways and Means committee prepares a general explanation of the bill as approved by the president.

The court that a taxpayer may not select for trial is

Match each statement with the correct term below. -House of Representatives

Title 26 of the U.S. Code includes

Which of the following statements pertaining to acquiescence and nonacquiescence is not true?

If the House and the Senate both approve similar but not identical tax bills, any differences between the two pieces of legislation are resolved by the

Taxpayers may elect to use the small claims division of the U.S. Tax Court if the amount of tax in dispute is less than

Which of the following is true of revenue rulings?

If the U.S. Supreme Court denies a writ of certiorari, it means I.The court did not feel the case was important enough to review. II.The decision of the lower court is correct. III.The decision of the circuit court of appeals is effectively reversed. IV.The Supreme Court has agreed to hear the case.

Which of the following is (are) primary sources of tax law? I.Joint Conference Committee Reports. II.Journal of Taxation. III.Revenue Procedures. IV.Tax Treaty with France. V.U.S. Tax Court Memorandum Decisions.

Citators

Which of the following regulations deals with Estate Tax?

What body prepares a compromise version of tax legislation when the House and Senate versions are not in agreement?

Which of the following is a characteristic of U.S. District Courts?

The National Office of the IRS issues private letter rulings and technical advice memoranda and these pronouncements are binding on the IRS.

Which of the following sources of tax law authority has the highest tax validity?

Federal Income Taxation-An Overview

Income Tax Concepts

Income Sources

Income Exclusions

Introduction to Business Expenses

Business Expenses

Losses-Deductions and Limitations

Taxation of Individuals

Acquisitions of Property

Cost Recovery on Property: Depreciation, Depletion, and Amortization

Property Dispositions

Non-Recognition Transactions

Choice of Business Entity-General Tax and Nontax Factorsformation

Choice of Business Entity-Operations and Distributions

Choice of Business Entity-Other Considerations

Filters

Exam 16: Tax Research

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

Match each statement with the correct term below. -Ways and Means Committee

Which of the following is (are) secondary sources of tax law? I.Revenue Ruling. II.The Tax Adviser. III.Murphy and Higgins' Concepts in Federal Taxation. IV.Tax Treaty with Denmark. ​

After a tax bill has been enacted, the House Ways and Means committee prepares a general explanation of the bill as approved by the president.

The court that a taxpayer may not select for trial is

Match each statement with the correct term below. -House of Representatives

Title 26 of the U.S. Code includes

Which of the following statements pertaining to acquiescence and nonacquiescence is not true?

If the House and the Senate both approve similar but not identical tax bills, any differences between the two pieces of legislation are resolved by the

Taxpayers may elect to use the small claims division of the U.S. Tax Court if the amount of tax in dispute is less than

Which of the following is true of revenue rulings?

Which of the following is (are) primary sources of tax law? I.Joint Conference Committee Reports. II.Journal of Taxation. III.Revenue Procedures. IV.Tax Treaty with France. V.U.S. Tax Court Memorandum Decisions. ​

Citators

Which of the following regulations deals with Estate Tax?

What body prepares a compromise version of tax legislation when the House and Senate versions are not in agreement?

Which of the following is a characteristic of U.S. District Courts?

The National Office of the IRS issues private letter rulings and technical advice memoranda and these pronouncements are binding on the IRS.

Which of the following sources of tax law authority has the highest tax validity?

Federal Income Taxation-An Overview

Income Tax Concepts

Income Sources

Income Exclusions

Introduction to Business Expenses

Business Expenses

Losses-Deductions and Limitations

Taxation of Individuals

Acquisitions of Property

Cost Recovery on Property: Depreciation, Depletion, and Amortization

Property Dispositions

Non-Recognition Transactions

Choice of Business Entity-General Tax and Nontax Factorsformation

Choice of Business Entity-Operations and Distributions

Choice of Business Entity-Other Considerations

Filters

Which of the following is (are) secondary sources of tax law? I.Revenue Ruling. II.The Tax Adviser. III.Murphy and Higgins' Concepts in Federal Taxation. IV.Tax Treaty with Denmark.

Which of the following is (are) primary sources of tax law? I.Joint Conference Committee Reports. II.Journal of Taxation. III.Revenue Procedures. IV.Tax Treaty with France. V.U.S. Tax Court Memorandum Decisions.