Question 1

Currently, the Internal Revenue Code of 1986 does not contain §§ 308, 309, and 310.This absence means these sections were repealed by Congress.

Accepted Answer

A) True 
 B)False

Question 2

In a U.S.District Court, a jury can decide both questions of fact and questions of law.

Accepted Answer

A) True 
 B)False

Question 3

How can Congressional Committee Reports be used by a tax researcher?

Accepted Answer

Congressional Committee Reports often ex...

Question 4

The research process should always begin with a tax service.

Accepted Answer

A) True 
 B)False

Question 5

A researcher can find tax information on home page sites of:

Accepted Answer

A)  Governmental bodies.
B)  Tax academics.
C)  Publishers.
D)  CPA firms.
E)  All of these.F) A) and B)
G) B) and C)

Question 6

A jury trial is available in the following trial court:

Accepted Answer

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

Question 7

A taxpayer can obtain a jury trial in the U.S.Tax Court.

Accepted Answer

A) True 
 B)False

Question 8

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) A) and E)
G) A) and B)

Question 9

Determination letters usually involve completed transactions.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A)  Temporary
B)  Legislative
C)  Interpretive
D)  Procedural
E)  None of theseF) C) and E)
G) B) and C)

Question 11

Which company does not publish citators for tax purposes?

Accepted Answer

A)  John Wiley & Sons
B)  Commerce Clearing House
C)  Thomson Reuters (RI
A)  
D)  Westlaw
E)  Shepard'sF) A) and E)
G) All of the above

Question 12

Temporary Regulations are only published in the Internal Revenue Bulletin.

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

A Temporary Regulation under § 303 of the Code would be cited as follows: Temp.Reg.§ 303.

Accepted Answer

A) True 
 B)False

Question 15

The Tax Cuts and Jobs Act of 2017 became part of the Internal Revenue Code of 1986.

Accepted Answer

A) True 
 B)False

Question 16

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) All of the above
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

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) C) and D)
G) A) and E)

Question 19

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) A) and E)
G) B) and E)

Question 20

A Bluebook is substantial authority for purposes of the accuracy related penalty.

Accepted Answer

A) True 
 B)False

Exam 2: Working With the Tax Law

The Tax Cuts and Jobs Act of 2017 became part of the Internal Revenue Code of 1986.

Correct AnswerverifiedShow Answer

Which item may not be cited as a precedent?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

A Bluebook is substantial authority for purposes of the accuracy related penalty.

Correct AnswerverifiedShow Answer

A jury trial is available in the following trial court:

Correct AnswerverifiedShow Answer

How can Congressional Committee Reports be used by a tax researcher?

Correct AnswerverifiedCongressional Committee Reports often ex...View AnswerShow Answer

Temporary Regulations are only published in the Internal Revenue Bulletin.

Correct AnswerverifiedShow Answer

In a U.S.District Court, a jury can decide both questions of fact and questions of law.

Correct AnswerverifiedShow Answer

The research process should always begin with a tax service.

Correct AnswerverifiedShow Answer

The IRS will not acquiesce to the following tax decisions:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

A Temporary Regulation under § 303 of the Code would be cited as follows: Temp.Reg.§ 303.

Correct AnswerverifiedShow Answer

A researcher can find tax information on home page sites of:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Determination letters usually involve completed transactions.

Correct AnswerverifiedShow Answer

A taxpayer can obtain a jury trial in the U.S.Tax Court.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Currently, the Internal Revenue Code of 1986 does not contain §§ 308, 309, and 310.This absence means these sections were repealed by Congress.

Correct AnswerverifiedShow Answer

Which company does not publish citators for tax purposes?

Correct AnswerverifiedShow Answer

Which is not a primary source of tax law?

Correct AnswerverifiedShow Answer

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Congressional Committee Reports often ex...
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