Question 1

Three judges will normally hear each U.S. Tax Court case.

Accepted Answer

A) True 
 B)False

Question 2

The research process should always begin with a tax service.

Accepted Answer

A) True 
 B)False

Question 3

Which of these is not a correct citation to the Internal Revenue Code?

Accepted Answer

A)  Section 211
B)  Section 1222(1) 
C)  Section 2(a) (1) (
A)  
D)  Section 280B
E)  All of these are correct cites.F) B) and C)
G) A) and D)

Question 4

A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S. Court of Federal Claims. Only in the Tax Court can jurisdiction be obtained without first paying the assessed tax deficiency.

Accepted Answer

A) True 
 B)False

Question 5

Which tax-related website probably gives the best policy-orientation results?

Accepted Answer

A)  taxalmanac.org.
B)  irs.gov.
C)  taxsites.com.
D)  taxanalysts.com.
E)  ustaxcourt.gov.F) B) and E)
G) B) and C)

Question 6

Which item may not be cited as a precedent?

Accepted Answer

A)  Regulations
B)  Temporary Regulations
C)  Technical Advice Memoranda
D)  U.S. District Court decision
E)  None of theseF) C) and E)
G) D) and E) C

Question 7

What administrative release deals with a proposed transaction rather than a completed transaction?

Accepted Answer

A)  Letter Ruling
B)  Technical Advice Memorandum
C)  Determination Letter
D)  Field Service Advice
E)  None of theseF) A) and E)
G) B) and C)

Question 8

Technical Advice Memoranda may not be cited as precedents by taxpayers.

Accepted Answer

A) True 
 B)False

Question 9

How do treaties fit within tax sources?

Accepted Answer

The U.S signs certain tax treaties (some...

Question 10

This Internal Revenue Code section citation is incorrect: § 212(1).

Accepted Answer

A) True 
 B)False  False

Question 11

Tax bills are handled by which committee in the U.S. House of Representatives?

Accepted Answer

A)  Taxation Committee
B)  Ways and Means Committee
C)  Finance Committee
D)  Budget Committee
E)  None of theseF) B) and C)
G) B) and E)

Question 12

The Internal Revenue Code was first codified in what year?

Accepted Answer

A)  1913
B)  1923
C)  1939
D)  1954
E)  1986F) C) and D)
G) A) and D)

Question 13

In § 212(1) , the number (1)  stands for the:

Accepted Answer

A)  Section number.
B)  Subsection number.
C)  Paragraph designation.
D)  Subparagraph designation.
E)  None of these.F) C) and D)
G) A) and B)

Question 14

The IRS will not acquiesce to the following tax decisions:

Accepted Answer

A)  U.S. District Court.
B)  U.S. Tax Court.
C)  U.S. Court of Federal Claims.
D)  Small Case Division of the U.S. Tax Court.
E)  All of these.F) B) and E)
G) B) and D)

Question 15

What is a Technical Advice Memorandum?

Accepted Answer

The National Office of the IRS releases ...

Question 16

Temporary Regulations are only published in the Internal Revenue Bulletin.

Accepted Answer

A) True 
 B)False

Question 17

Which is not a primary source of tax law?

Accepted Answer

A)  Notice 89-99, 1989-2 C.B. 422.
B)  Estate of Harry Holmes v. Comm., 326 U.S. 480 (1946) .
C)  Rev. Rul. 79-353, 1979-2 C.B. 325.
D)  Prop. Reg. § 1.752-4T(f) .
E)  All of these are primary sources.F) D) and E)
G) B) and E)

Question 18

Which statement is not true with respect to a Regulation that interprets the tax law?

Accepted Answer

A)  Issued by the U.S. Congress.
B)  Issued by the U.S. Treasury Department.
C)  Designed to provide an interpretation of the tax law.
D)  Carries more legal force than a Revenue Ruling.
E)  All of these statements are true.F) B) and E)
G) B) and C) A

Question 19

If a taxpayer decides not to pay a tax deficiency, he or she must go to which court?

Accepted Answer

A)  Appropriate U.S. Circuit Court of Appeals
B)  U.S. District Court
C)  U.S. Tax Court
D)  U.S. Court of Federal Claims
E)  None of theseF) A) and E)
G) D) and E)

Question 20

The following citation can be a correct citation: Rev. Rul. 95-271,1995-64 I.R.B. 18.

Accepted Answer

A) True 
 B)False

Exam 2: Working With the Tax Law

Three judges will normally hear each U.S. Tax Court case.

Correct AnswerverifiedShow Answer

The research process should always begin with a tax service.

Correct AnswerverifiedShow Answer

Which of these is not a correct citation to the Internal Revenue Code?

Correct AnswerverifiedShow Answer

A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S. Court of Federal Claims. Only in the Tax Court can jurisdiction be obtained without first paying the assessed tax deficiency.

Correct AnswerverifiedShow Answer

Which tax-related website probably gives the best policy-orientation results?

Correct AnswerverifiedShow Answer

Which item may not be cited as a precedent?

Correct AnswerverifiedC

What administrative release deals with a proposed transaction rather than a completed transaction?

Correct AnswerverifiedShow Answer

Technical Advice Memoranda may not be cited as precedents by taxpayers.

Correct AnswerverifiedShow Answer

How do treaties fit within tax sources?

Correct AnswerverifiedThe U.S signs certain tax treaties (some...View AnswerShow Answer

This Internal Revenue Code section citation is incorrect: § 212(1).

Correct AnswerverifiedFalse

Tax bills are handled by which committee in the U.S. House of Representatives?

Correct AnswerverifiedShow Answer

The Internal Revenue Code was first codified in what year?

Correct AnswerverifiedShow Answer

In § 212(1) , the number (1) stands for the:

Correct AnswerverifiedShow Answer

The IRS will not acquiesce to the following tax decisions:

Correct AnswerverifiedShow Answer

What is a Technical Advice Memorandum?

Correct AnswerverifiedThe National Office of the IRS releases ...View AnswerShow Answer

Temporary Regulations are only published in the Internal Revenue Bulletin.

Correct AnswerverifiedShow Answer

Which is not a primary source of tax law?

Correct AnswerverifiedShow Answer

Which statement is not true with respect to a Regulation that interprets the tax law?

Correct AnswerverifiedA

If a taxpayer decides not to pay a tax deficiency, he or she must go to which court?

Correct AnswerverifiedShow Answer

The following citation can be a correct citation: Rev. Rul. 95-271,1995-64 I.R.B. 18.

Correct AnswerverifiedShow Answer

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C

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The U.S signs certain tax treaties (some...
View Answer

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False

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The National Office of the IRS releases ...
View Answer

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A

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