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Exam 2: Tax Compliance, the Irs, and Tax Authorities

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Question 31

True/False

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Proposed and Temporary Regulations have the same authoritative weight.

A) True
B) False

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Question 32

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The IRS DIF system checks each tax return for mathematical mistakes.

A) True
B) False

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Question 33

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Ramon's tax return was randomly selected for audit. Which IRS program likely selected Ramon's return for audit?

Which of the following is not a common method that the IRS uses to select returns for audit?

Which of the following is not a factor that determines whether a taxpayer is required to file a tax return?

Closed facts are especially conducive to tax planning.

Henry filed his 2014 tax return on May 15th, 2015. The statute of limitations for IRS assessment on Henry's 2014 tax return should end:

Which of the following types of tax services are arranged by code section?

This year April 15th falls on a Saturday. Individual tax returns will be due on:

According to Statement on Standards for Tax Services No. 1, a tax practitioner can recommend a tax return position:

Which of the following is not considered a primary authority?

Which judicial doctrine means that a court will rule consistently with its previous rulings and the rulings of higher courts with appellate jurisdiction?

Campbell was researching a tax issue and found a favorable Tax Court opinion and an IRC Code Section that appears to answer the question. Is she finished with the research process? If so, why? If not, what must she do?

Which of the following has the highest authoritative weight?

Secondary authorities are official sources of the tax law with a lesser "weight" than primary authorities.

Mel recently received a 30-day letter from the IRS. Although his tax return being audited has several potential large issues (potential tax consequences of $70,000 - $80,000), the IRS agent auditing his return only identified one item that will require a more modest adjustment ($10,000). Mel feels strongly that the $10,000 adjustment would not hold in court and was surprised that the IRS agent did not identify some of the other potential larger issues. What are Mel's choices with the 30 day letter and what factors should influence his decisions?

The Senate Ways and Means Committee is in charge of drafting tax bills in the U.S. Senate.

In researching a question of fact, the researcher will focus her efforts on identifying authorities with fact patterns similar to her client's facts.

Which of the following is a false statement? A taxpayer filing a fraudulent tax return:

Princess, who resides in the 2nd Circuit, recently found a circuit court case that is favorable to her research question. Which of the following circuits would she prefer to have issued the opinion?