Question 1

Compare Revenue Rulings with Revenue Procedures.

Accepted Answer

Revenue Rulings are official pronounceme...

Question 2

The granting of a Writ of Certiorari indicates that at least four members of the Supreme Court believe that an issue is of sufficient importance to be heard by the full court.

Accepted Answer

A) True 
 B)False

Question 3

In addressing the importance of a Regulation, an IRS agent must:

Accepted Answer

A)   Give equal weight to the Internal Revenue Code and the Regulations.
B)   Give more weight to the Internal Revenue Code rather than to a Regulation.
C)   Give more weight to the Regulation rather than to the Internal Revenue Code.
D)   Give less weight to the Internal Revenue Code rather than to a Regulation.
E)   None of these.F) A) and B)
G) A) and C)

Question 4

Subchapter D refers to the "Corporate Distributions and Adjustments" section of the Internal Revenue Code.

Accepted Answer

A) True 
 B)False

Question 5

Temporary Regulations are only published in the Internal Revenue Bulletin.

Accepted Answer

A) True 
 B)False

Question 6

The term petitioner is a synonym for defendant.

Accepted Answer

A) True 
 B)False

Question 7

The IRS is not required to make a letter ruling public.

Accepted Answer

A) True 
 B)False

Question 8

Subtitle A of the Internal Revenue Code covers which of the following taxes?

Accepted Answer

A)   Income taxes
B)   Estate and gift taxes
C)   Excise taxes
D)   Employment taxes
E)   All of theseF) None of the above
G) A) and D)

Question 9

Texas is in the jurisdiction of the Second Circuit Court of Appeals.

Accepted Answer

A) True 
 B)False

Question 10

Rules of tax law do not include Revenue Rulings and Revenue Procedures.

Accepted Answer

A) True 
 B)False

Question 11

There is a direct conflict between an Internal Revenue Code section adopted in 2010 and a treaty with France
(signed in 2016). The Internal Revenue Code section controls.

Accepted Answer

A) True 
 B)False

Question 12

The Internal Revenue Code was first codified in what year?

Accepted Answer

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

Question 13

What statement is not true with respect to Temporary Regulations?

Accepted Answer

A)   May not be cited as precedent.
B)   Issued with Proposed Regulations.
C)   Automatically expire within three years after the date of issuance.
D)   Found in the Federal Register.
E)   All of these statements are true.F) D) and E)
G) A) and E)

Question 14

Which citation refers to a U.S. Tax Court decision?

Accepted Answer

A)   Apollo Computer, Inc. v. U.S., 95-1 (USTC ¶50,015 (Fed.Cl., 1994) 
B)   Westreco, Inc., T.C. Memo. 1992-561 (1992) .
C)   Bausch & Lomb, Inc. v. Comm., 933 F.2d 1084 (CA-2, 1991) .
D)   Portland Manufacturing Co. v. Comm., 35 AFTR2d 1439 (CA-9, 1975) .
E)   None of these.F) None of the above
G) A) and E)

Question 15

How do treaties fit within tax sources?

Accepted Answer

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

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

A taxpayer should always minimize his or her tax liability.

Accepted Answer

A) True 
 B)False

Question 18

Deferring income to a subsequent year is considered to be tax avoidance.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following statements about a nonacquiescence is correct?

Accepted Answer

A)   A nonacquiescence is issued in the Federal Registrar.
B)   Nonacquiescences are published only for certain regular decisions of the U.S. Tax Court.
C)   A nonacquiescence in published in the Internal Revenue Bulletin.
D)   The IRS does not issue nonacquiescences to adverse decisions that are not appealed.
E)   All of these are correct.F) B) and E)
G) A) and B)

Question 20

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

Accepted Answer

A)   U.S. Supreme Court.
B)   U.S. Tax Court.
C)   U.S. Court of Federal Claims.
D)   U.S. Circuit Court of Appeals.
E)   All of these.F) A) and D)
G) C) and D)

Exam 2: Working With the Tax Law

The IRS is not required to make a letter ruling public.

Correct AnswerverifiedShow Answer

There is a direct conflict between an Internal Revenue Code section adopted in 2010 and a treaty with France (signed in 2016). The Internal Revenue Code section controls.

Correct AnswerverifiedShow Answer

What statement is not true with respect to Temporary Regulations?

Correct AnswerverifiedShow Answer

In addressing the importance of a Regulation, an IRS agent must:

Correct AnswerverifiedShow Answer

Compare Revenue Rulings with Revenue Procedures.

Correct AnswerverifiedRevenue Rulings are official pronounceme...View AnswerShow Answer

Deferring income to a subsequent year is considered to be tax avoidance.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which citation refers to a U.S. Tax Court decision?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Rules of tax law do not include Revenue Rulings and Revenue Procedures.

Correct AnswerverifiedShow Answer

A taxpayer should always minimize his or her tax liability.

Correct AnswerverifiedShow Answer

The granting of a Writ of Certiorari indicates that at least four members of the Supreme Court believe that an issue is of sufficient importance to be heard by the full court.

Correct AnswerverifiedShow Answer

Which of the following statements about a nonacquiescence is correct?

Correct AnswerverifiedShow Answer

How do treaties fit within tax sources?

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

Subtitle A of the Internal Revenue Code covers which of the following taxes?

Correct AnswerverifiedShow Answer

The term petitioner is a synonym for defendant.

Correct AnswerverifiedShow Answer

The Internal Revenue Code was first codified in what year?

Correct AnswerverifiedShow Answer

Subchapter D refers to the "Corporate Distributions and Adjustments" section of the Internal Revenue Code.

Correct AnswerverifiedShow Answer

Temporary Regulations are only published in the Internal Revenue Bulletin.

Correct AnswerverifiedShow Answer

Texas is in the jurisdiction of the Second Circuit Court of Appeals.

Correct AnswerverifiedShow Answer

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Revenue Rulings are official pronounceme...
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The U.S signs certain tax treaties (some...
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Correct Answer
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