Question 1

Which of the following is generally accorded the highest level of authority?

Accepted Answer

A) Private Letter Ruling. 
B) A legislative regulation. 
C) Revenue Ruling. 
D) Decisions of a U.S. District Court. 
E) Internal Revenue Bulletin. 
A) Private Letter Ruling. 
B) A legislative regulation. 
C) Revenue Ruling. 
D) Decisions of a U.S. District Court. 
E) Internal Revenue Bulletin.

Question 2

How should the following citation be interpreted? Hewlett Packard Co. v. Comm., 67 T.C. 736 (1975).

Accepted Answer

A) A 1967 decision of the Tax Court, found on page 736. 
B) A decision of the Court of Claims, found in Volume 67, on page 736. 
C) A 1975 decision of the Tax Court, found in Volume 736. 
D) A decision of the Tax Court, found on page 736, in Volume 67. 
A) A 1967 decision of the Tax Court, found on page 736. 
B) A decision of the Court of Claims, found in Volume 67, on page 736. 
C) A 1975 decision of the Tax Court, found in Volume 736. 
D) A decision of the Tax Court, found on page 736, in Volume 67.

Question 3

A tax treaty with a foreign country negotiated by the president is considered a legislative source of tax law.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is a permanent citation?
I.Rev. Proc. 84-33, 1984-1 C.B. 134.
II.Rev. Rul. 92-83, I.R.B. No. 14, 6.
III.O'Neil v. Comm., 44 TCM 843 (1989).
IV.Prop. Reg. Sec. 1.283-4(c).
​

Accepted Answer

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

Question 5

Match the primary source to its reporter.
-Tax statute

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 6

The Tax Court strictly follows the precedent of prior decisions of the Court of Appeals for a particular circuit when

Accepted Answer

A) the taxpayer requests it to do so. 
B) the IRS requests it to do so. 
C) the taxpayer resides in the United States. 
D) the taxpayer resides in that circuit. 
A) the taxpayer requests it to do so. 
B) the IRS requests it to do so. 
C) the taxpayer resides in the United States. 
D) the taxpayer resides in that circuit.

Question 7

What body 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?

Accepted Answer

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

Question 8

A nonacquiescence

Accepted Answer

A) is issued when the IRS wins a court case. 
B) is issued by the Joint Committee on Taxation. 
C) means that the IRS disagrees with a decision of the court. 
D) means that the IRS will follow the decision in similar situations. 
A) is issued when the IRS wins a court case. 
B) is issued by the Joint Committee on Taxation. 
C) means that the IRS disagrees with a decision of the court. 
D) means that the IRS will follow the decision in similar situations.

Question 9

Match each statement with the correct term below.
-Finance 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 10

A taxpayer who loses in the U.S. Tax Court may appeal directly to the:

Accepted Answer

A) Supreme Court. 
B) U.S. Court of Federal Claims. 
C) U.S. District Court. 
D) U.S. Circuit Court of Appeals. 
E) Any of the above. 
A) Supreme Court. 
B) U.S. Court of Federal Claims. 
C) U.S. District Court. 
D) U.S. Circuit Court of Appeals. 
E) Any of the above.

Question 11

Which of the following types of cases are subject to the Chief Counsel's Acquiescence / Non -acquiescence Policy?

Accepted Answer

A) Circuit Court Decisions. 
B) District Court Decisions. 
C) U.S. Court of Federal Claims. 
D) Tax Court Regular Decisions. 
E) All of the above are correct. 
A) Circuit Court Decisions. 
B) District Court Decisions. 
C) U.S. Court of Federal Claims. 
D) Tax Court Regular Decisions. 
E) All of the above are correct.

Question 12

The IRS may acquiesce or nonacquiesce to decisions from which of the following courts:

Accepted Answer

A) U.S. Tax Court. 
B) U.S. District Court. 
C) U.S. Court of Appeals. 
D) U.S. Court of Federal Claims. 
E) All of the above. 
A) U.S. Tax Court. 
B) U.S. District Court. 
C) U.S. Court of Appeals. 
D) U.S. Court of Federal Claims. 
E) All of the above.

Which of the following is generally accorded the highest level of authority?

How should the following citation be interpreted? Hewlett Packard Co. v. Comm., 67 T.C. 736 (1975).

A tax treaty with a foreign country negotiated by the president is considered a legislative source of tax law.

Which of the following is a permanent citation? I.Rev. Proc. 84-33, 1984-1 C.B. 134. II.Rev. Rul. 92-83, I.R.B. No. 14, 6. III.O'Neil v. Comm., 44 TCM 843 (1989). IV.Prop. Reg. Sec. 1.283-4(c).

Match the primary source to its reporter. -Tax statute

The Tax Court strictly follows the precedent of prior decisions of the Court of Appeals for a particular circuit when

What body 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 nonacquiescence

Match each statement with the correct term below. -Finance Committee

A taxpayer who loses in the U.S. Tax Court may appeal directly to the:

Which of the following types of cases are subject to the Chief Counsel's Acquiescence / Non -acquiescence Policy?

The IRS may acquiesce or nonacquiesce to decisions from which of the following courts:

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 is generally accorded the highest level of authority?

How should the following citation be interpreted? Hewlett Packard Co. v. Comm., 67 T.C. 736 (1975).

A tax treaty with a foreign country negotiated by the president is considered a legislative source of tax law.

Which of the following is a permanent citation? I.Rev. Proc. 84-33, 1984-1 C.B. 134. II.Rev. Rul. 92-83, I.R.B. No. 14, 6. III.O'Neil v. Comm., 44 TCM 843 (1989). IV.Prop. Reg. Sec. 1.283-4(c). ​

Match the primary source to its reporter. -Tax statute

The Tax Court strictly follows the precedent of prior decisions of the Court of Appeals for a particular circuit when

What body 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 nonacquiescence

Match each statement with the correct term below. -Finance Committee

A taxpayer who loses in the U.S. Tax Court may appeal directly to the:

Which of the following types of cases are subject to the Chief Counsel's Acquiescence / Non -acquiescence Policy?

The IRS may acquiesce or nonacquiesce to decisions from which of the following courts:

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 a permanent citation? I.Rev. Proc. 84-33, 1984-1 C.B. 134. II.Rev. Rul. 92-83, I.R.B. No. 14, 6. III.O'Neil v. Comm., 44 TCM 843 (1989). IV.Prop. Reg. Sec. 1.283-4(c).