Question 1

A Temporary Regulation under § 173 of the Code would be cited as follows: Temp.Reg.§ 173.

Accepted Answer

A) True 
 B)False

Question 2

Which would not be a citation to a District Court case?

Accepted Answer

A)   2004-1 USTC ¶ 60,478.
B)   93 AFTR 2d 2004-668.
C)   306 F. Supp. 2d 668.
D)   97 TCM 1488.
E)   All of the above are District Court cites.F) D) and E)
G) A) and D)

Question 3

Tax research involves which of the following procedures:

Accepted Answer

A)  Identifying and refining the problem.
B)  Locating the appropriate tax law sources.
C)  Assessing the validity of the tax law sources.
D)  Follow-up.
E)  All of the above.F) A) and B)
G) B) and E)

Question 4

Which of the following journals is published by the American Institute of CPAs?

Accepted Answer

A)  Journal of Taxation.
B)  Corporate Taxation.
C)  Tax Law Review.
D)  The Tax Advisor.
E)  All of the above.F) C) and D)
G) B) and E)

Question 5

Which items tell taxpayers the IRS's reaction to certain court decisions?

Accepted Answer

A)  Notices.
B)  Revenue Procedures.
C)  Revenue Rulings.
D)  Actions on Decisions.
E)  Procedural Regulations.F) A) and D)
G) A) and B)

Question 6

The Index to Federal Tax Articles (published by Warren, Gorham, and Lamont) is available in print and electronic formats.

Accepted Answer

A) True 
 B)False

Question 7

Which court decision would probably carry more weight?

Accepted Answer

A)  Regular U.S.Tax Court decision.
B)  Reviewed U.S.Tax Court decision.
C)  U.S.District Court decision.
D)  Memorandum Tax Court decision.
E)  U.S.Court of Federal Claims.F) A) and E)
G) All of the above

Question 8

Which of the following types of Regulations has the lowest tax validity?

Accepted Answer

A)  Finalized.
B)  Legislative.
C)  Proposed.
D)  Temporary.
E)  Procedural.F) B) and D)
G) None of the above

Question 9

Determination letters usually involve proposed transactions.

Accepted Answer

A) True 
 B)False

Question 10

Subchapter P refers to the "Partners and Partnerships" section of the Internal Revenue Code.

Accepted Answer

A) True 
 B)False

Question 11

The Golsen rule has been overturned by the U.S.Supreme Court.

Accepted Answer

A) True 
 B)False

Question 12

There are 11 geographic U.S.Circuit Court of Appeals.

Accepted Answer

A) True 
 B)False

Question 13

Which publisher offers the United States Tax Reporter?

Accepted Answer

A)  Research Institute of America.
B)  Commerce Clearing House.
C)  LexisNexis.
D)  Tax Analysts.
E)  None of the above.F) B) and C)
G) A) and C)

Question 14

The U.S.Tax Court meets most often in Washington,
D.C.

Accepted Answer

A) True 
 B)False

Question 15

A Revenue Ruling is a judicial source of Federal tax law.

Accepted Answer

A) True 
 B)False

Question 16

Which publisher offers Tax Center that provides the Code, Regulations, and material from Matthew Bender, CCH, Kleinrock, and the Bureau of National Affairs?

Accepted Answer

A)  Research Institute of America.
B)  Commerce Clearing House.
C)  LexisNexis.
D)  Prentice-Hall.
E)  None of the above.F) C) and D)
G) A) and B)

Question 17

The following citation is correct: Larry
G.Mitchell, 131 T.C.215 (2008).

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is not an administrative source of tax law?

Accepted Answer

A)  Reg.§ 301.6114-1.
B)  Section 2(a) (1) (
A)  .
C)  Rev.Rul.2011-19.
D)  Notice 90-20.
E)  Ltr.Rul 201008049.F) B) and D)
G) A) and E)

Question 19

The IRS issues an acquiescence or nonacquiescence only for regular Tax Court decisions.

Accepted Answer

A) True 
 B)False

Question 20

There is a direct conflict between a Code section adopted in 2004 and a treaty with France (signed in 2008).The Code section controls.

Accepted Answer

A) True 
 B)False

Exam 2: Working With the Tax Law

Which court decision would probably carry more weight?

Correct AnswerverifiedShow Answer

Which would not be a citation to a District Court case?

Correct AnswerverifiedShow Answer

Which of the following types of Regulations has the lowest tax validity?

Correct AnswerverifiedShow Answer

The U.S.Tax Court meets most often in Washington, D.C.

Correct AnswerverifiedShow Answer

Tax research involves which of the following procedures:

Correct AnswerverifiedShow Answer

Which of the following is not an administrative source of tax law?

Correct AnswerverifiedShow Answer

A Temporary Regulation under § 173 of the Code would be cited as follows: Temp.Reg.§ 173.

Correct AnswerverifiedShow Answer

There are 11 geographic U.S.Circuit Court of Appeals.

Correct AnswerverifiedShow Answer

The following citation is correct: Larry G.Mitchell, 131 T.C.215 (2008).

Correct AnswerverifiedShow Answer

Subchapter P refers to the "Partners and Partnerships" section of the Internal Revenue Code.

Correct AnswerverifiedShow Answer

The Index to Federal Tax Articles (published by Warren, Gorham, and Lamont) is available in print and electronic formats.

Correct AnswerverifiedShow Answer

Which publisher offers the United States Tax Reporter?

Correct AnswerverifiedShow Answer

A Revenue Ruling is a judicial source of Federal tax law.

Correct AnswerverifiedShow Answer

There is a direct conflict between a Code section adopted in 2004 and a treaty with France (signed in 2008).The Code section controls.

Correct AnswerverifiedShow Answer

Which of the following journals is published by the American Institute of CPAs?

Correct AnswerverifiedShow Answer

Which publisher offers Tax Center that provides the Code, Regulations, and material from Matthew Bender, CCH, Kleinrock, and the Bureau of National Affairs?

Correct AnswerverifiedShow Answer

Determination letters usually involve proposed transactions.

Correct AnswerverifiedShow Answer

The IRS issues an acquiescence or nonacquiescence only for regular Tax Court decisions.

Correct AnswerverifiedShow Answer

Which items tell taxpayers the IRS's reaction to certain court decisions?

Correct AnswerverifiedShow Answer

The Golsen rule has been overturned by the U.S.Supreme Court.

Correct AnswerverifiedShow Answer

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