Question 1

Match each statement with the correct term below.
-Joint Conference 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.

Question 2

When posed with a particularly complex tax question, a researcher with little previous experience with the issue would be best served at the outset by consulting:

Accepted Answer

A) the applicable legislative history. 
B) the Treasury Regulations. 
C) the Internal Revenue Code. 
D) a "tax service" (e.g. CCH, RI
A) . 
A) the applicable legislative history. 
B) the Treasury Regulations. 
C) the Internal Revenue Code. 
D) a "tax service" (e.g. CCH, RI
A) .

Question 3

Match the primary source to its reporter.
-Journal of Taxation

Accepted Answer

A) Tax Court Reports 
B) United States Tax Cases 
C) Internal Revenue Code 
D) Cumulative Bulletin 
E) Not a primary source 
A) Tax Court Reports 
B) United States Tax Cases 
C) Internal Revenue Code 
D) Cumulative Bulletin 
E) Not a primary source

Question 4

Tax planning refers to the preparation of tax returns and doing research on completed transactions.

Accepted Answer

A) True 
 B)False

Question 5

Citators provide the full text of court decisions.

Accepted Answer

A) True 
 B)False

Question 6

All judicial citations follow the same format: case name, volume number of the reporter in which the case is published, name of the reporter, and the page of the reporter on which the case begins.

Accepted Answer

A) True 
 B)False

Question 7

Describe the steps of the tax research process.

Accepted Answer

1. Establish the facts. Determine the is

Question 8

This problem requires determining the type of tax law authority and the relative importance within that authority category. Indicate "1" for the highest-ranking item within each category. Indicate "2" for the next-highest ranking item within each category. Each column may have zero, one, or more items ranked.
 $$\begin{array} { | l | l | l | l | l | }  
\hline& \text { Legislative } & \text { Judicial } & \text { Administrative } & \text { Secondary } \
\hline \text { Internal Revenue Code } & & & & \
\hline \text { Treasury Regulations } & & & & \
\hline \text { US Constitution } & & & & \
\hline \text { Standard Federal Tax Reporter } & & & & \
\text { (CCH) } & & & & \
\hline \text { Revenue Frocedures } & & & & \
\hline \text { Supreme Court } & & & & \
\hline \text { Tax Court } & & & & \
\hline
\end{array}$$

Accepted Answer

\[\begin{array} { | l | c | c | c | c |

Question 9

The final step in the tax research process is to reach a conclusion, make a recommendation and communicate the results to the client.

Accepted Answer

A) True 
 B)False

Question 10

Match the primary source to its reporter.
-Regular Tax Court decision

Accepted Answer

A) Tax Court Reports 
B) United States Tax Cases 
C) Internal Revenue Code 
D) Cumulative Bulletin 
E) Not a primary source 
A) Tax Court Reports 
B) United States Tax Cases 
C) Internal Revenue Code 
D) Cumulative Bulletin 
E) Not a primary source

Question 11

The first step in tax research is to locate the relevant legal authorities.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is (are) secondary 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 II is correct. 
C) Statements II and III are correct. 
D) Statements I, II, III, and V are correct. 
E) Statements I, II, III, IV, and V are correct. 
A) Only statement IV is correct. 
B) Only statement II is correct. 
C) Statements II and III are correct. 
D) Statements I, II, III, and V are correct. 
E) Statements I, II, III, IV, and V are correct.

Question 13

Search engines used in computer-assisted tax research tools provide advantages over manual searches.

Accepted Answer

A) True 
 B)False

Question 14

Match the primary source to its reporter.
-Revenue Ruling 86-457

Accepted Answer

A) Tax Court Reports 
B) United States Tax Cases 
C) Internal Revenue Code 
D) Cumulative Bulletin 
E) Not a primary source 
A) Tax Court Reports 
B) United States Tax Cases 
C) Internal Revenue Code 
D) Cumulative Bulletin 
E) Not a primary source

Question 15

All of the following citations are to trial court decisions except:

Accepted Answer

A) George E. Jones, 21 B.T.A. 431 (1940) 
B) Harper Smith, 577 F.2d 212 (CA-3, 1978) 
C) George F. Dowell v. U.S. 370 F.Supp. 69 (D. Ct. Tx. 1974) 
D) Raymond R. Windle, 65 T.C. 694 (1976) 
E) Jerome Prizant, 30 TCM 817 (1971) 
A) George E. Jones, 21 B.T.A. 431 (1940) 
B) Harper Smith, 577 F.2d 212 (CA-3, 1978) 
C) George F. Dowell v. U.S. 370 F.Supp. 69 (D. Ct. Tx. 1974) 
D) Raymond R. Windle, 65 T.C. 694 (1976) 
E) Jerome Prizant, 30 TCM 817 (1971)

Question 16

In planning situations, tax research is undertaken
I.To always attempt to minimize taxes.
II.Considering the client's nontax objectives.
III.To find the best way to accomplish a desired result.
IV.Considering the client's tax objectives.
​

Accepted Answer

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

Question 17

If the IRS loses a case in a court proceeding, they may issue an acquiescence that means they will not follow the decision in similar cases.

Accepted Answer

A) True 
 B)False

Question 18

A disadvantage of electing to use the small claims division of the Tax Court is that

Accepted Answer

A) it is a more formal proceeding. 
B) the decision is final and can not be appealed. 
C) it tends to be more expensive. 
D) it can cause many delays. 
E) All of the above. 
A) it is a more formal proceeding. 
B) the decision is final and can not be appealed. 
C) it tends to be more expensive. 
D) it can cause many delays. 
E) All of the above.

Question 19

During the past week, Dennis contacted his CPA to obtain advice on the most advantageous way to make a generous contribution to the accounting program at his alma mater. The CPA's work is

Accepted Answer

A) A tax planning situation. 
B) A tax compliance situation. 
C) A closed-fact situation. 
D) A mediation situation. 
E) An unknown-fact situation. 
A) A tax planning situation. 
B) A tax compliance situation. 
C) A closed-fact situation. 
D) A mediation situation. 
E) An unknown-fact situation.

Question 20

The Internal Revenue Service is a branch of

Accepted Answer

A) Congress 
B) The Secret Service 
C) The Federal Reserve Bank 
D) The Treasury Department 
E) The Federal Bureau of Investigation 
A) Congress 
B) The Secret Service 
C) The Federal Reserve Bank 
D) The Treasury Department 
E) The Federal Bureau of Investigation

Match each statement with the correct term below. -Joint Conference Committee

When posed with a particularly complex tax question, a researcher with little previous experience with the issue would be best served at the outset by consulting:

Match the primary source to its reporter. -Journal of Taxation

Tax planning refers to the preparation of tax returns and doing research on completed transactions.

Citators provide the full text of court decisions.

All judicial citations follow the same format: case name, volume number of the reporter in which the case is published, name of the reporter, and the page of the reporter on which the case begins.

Describe the steps of the tax research process.

The final step in the tax research process is to reach a conclusion, make a recommendation and communicate the results to the client.

Match the primary source to its reporter. -Regular Tax Court decision

The first step in tax research is to locate the relevant legal authorities.

Which of the following is (are) secondary 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.

Search engines used in computer-assisted tax research tools provide advantages over manual searches.

Match the primary source to its reporter. -Revenue Ruling 86-457

All of the following citations are to trial court decisions except:

In planning situations, tax research is undertaken I.To always attempt to minimize taxes. II.Considering the client's nontax objectives. III.To find the best way to accomplish a desired result. IV.Considering the client's tax objectives.

If the IRS loses a case in a court proceeding, they may issue an acquiescence that means they will not follow the decision in similar cases.

A disadvantage of electing to use the small claims division of the Tax Court is that

During the past week, Dennis contacted his CPA to obtain advice on the most advantageous way to make a generous contribution to the accounting program at his alma mater. The CPA's work is

The Internal Revenue Service is a branch of

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

Match each statement with the correct term below. -Joint Conference Committee

When posed with a particularly complex tax question, a researcher with little previous experience with the issue would be best served at the outset by consulting:

Match the primary source to its reporter. -Journal of Taxation

Tax planning refers to the preparation of tax returns and doing research on completed transactions.

Citators provide the full text of court decisions.

All judicial citations follow the same format: case name, volume number of the reporter in which the case is published, name of the reporter, and the page of the reporter on which the case begins.

Describe the steps of the tax research process.

The final step in the tax research process is to reach a conclusion, make a recommendation and communicate the results to the client.

Match the primary source to its reporter. -Regular Tax Court decision

The first step in tax research is to locate the relevant legal authorities.

Which of the following is (are) secondary 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. ​

Search engines used in computer-assisted tax research tools provide advantages over manual searches.

Match the primary source to its reporter. -Revenue Ruling 86-457

All of the following citations are to trial court decisions except:

In planning situations, tax research is undertaken I.To always attempt to minimize taxes. II.Considering the client's nontax objectives. III.To find the best way to accomplish a desired result. IV.Considering the client's tax objectives. ​

If the IRS loses a case in a court proceeding, they may issue an acquiescence that means they will not follow the decision in similar cases.

A disadvantage of electing to use the small claims division of the Tax Court is that

During the past week, Dennis contacted his CPA to obtain advice on the most advantageous way to make a generous contribution to the accounting program at his alma mater. The CPA's work is

The Internal Revenue Service is a branch of

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.Joint Conference Committee Reports. II.Journal of Taxation III.Revenue Procedures. IV.Tax Treaty with France. V.U.S. Tax Court Memorandum Decisions.

In planning situations, tax research is undertaken I.To always attempt to minimize taxes. II.Considering the client's nontax objectives. III.To find the best way to accomplish a desired result. IV.Considering the client's tax objectives.