Question 1

The following citation can be a correct citation: Rev.Rul.95-271,I.R.B.No.54,18.

Accepted Answer

A) True 
 B)False

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

The following citation is correct: James
E. Wiese, T.C. Summary Opinion, 2005-91.

Accepted Answer

A) True 
 B)False

Question 4

Compare a determination letter with a letter ruling.

Accepted Answer

Like letter rulings,determination letter...

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

When searching on an online tax service,which approach is more frequently used?

Accepted Answer

A)   Code section approach.
B)   Keyword approach.
C)   Table of contents approach.
D)   Index.
E)   All are about the same.F) A) and E)
G) A) and D)

Question 7

A letter ruling applies only to the taxpayer who asks for and obtains a letter ruling.

Accepted Answer

A) True 
 B)False

Question 8

Discuss the advantages and disadvantages of the Small Cases Division of the U.S.Tax Court.

Accepted Answer

There is no appeal from the Small Cases ...

Question 9

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

Question 10

What is the role of the Joint Conference Committee in the legislative process?

Accepted Answer

When the Senate version of a bill differ...

Question 11

A scholarship received by a student is excluded for purposes of computing whether a person is self-supporting under the qualified child provision.

Accepted Answer

A) True 
 B)False

Question 12

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 13

Federal tax legislation generally originates in the House Ways and Means Committee.

Accepted Answer

A) True 
 B)False

Question 14

Revenue Rulings deal with the internal management practices and procedures of the IRS.

Accepted Answer

A) True 
 B)False

Question 15

IRS agents must give the Code and Regulations issued thereunder equal weight when dealing with taxpayers and their representatives.

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 the above.F) D) and E)
G) A) and B)

Question 17

What statement is not true with respect to a regulation which 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 the above statements are true.F) B) and E)
G) B) and C)

Question 18

Explain the tax appeals process from trial courts.

Accepted Answer

Appeals from a District Court or a Tax C...

Question 19

A professional must understand the relative weight of authority within the sources of tax law.

Accepted Answer

A) True 
 B)False

Question 20

The Internet provides a wealth of tax information in several popular forms,sometimes at no direct cost to the researcher.

Accepted Answer

A) True 
 B)False

Exam 2: Working With the Tax Law

The Internet provides a wealth of tax information in several popular forms,sometimes at no direct cost to the researcher.

Correct AnswerverifiedShow Answer

What is the role of the Joint Conference Committee in the legislative process?

Correct AnswerverifiedWhen the Senate version of a bill differ...View AnswerShow Answer

Which court decision would probably carry more weight?

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

Revenue Rulings deal with the internal management practices and procedures of the IRS.

Correct AnswerverifiedShow Answer

A professional must understand the relative weight of authority within the sources of tax law.

Correct AnswerverifiedShow Answer

A letter ruling applies only to the taxpayer who asks for and obtains a letter ruling.

Correct AnswerverifiedShow Answer

Federal tax legislation generally originates in the House Ways and Means Committee.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

What statement is not true with respect to a regulation which interprets the tax law?

Correct AnswerverifiedShow Answer

Discuss the advantages and disadvantages of the Small Cases Division of the U.S.Tax Court.

Correct AnswerverifiedThere is no appeal from the Small Cases ...View AnswerShow Answer

A scholarship received by a student is excluded for purposes of computing whether a person is self-supporting under the qualified child provision.

Correct AnswerverifiedShow Answer

Explain the tax appeals process from trial courts.

Correct AnswerverifiedAppeals from a District Court or a Tax C...View AnswerShow Answer

IRS agents must give the Code and Regulations issued thereunder equal weight when dealing with taxpayers and their representatives.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

When searching on an online tax service,which approach is more frequently used?

Correct AnswerverifiedShow Answer

Compare a determination letter with a letter ruling.

Correct AnswerverifiedLike letter rulings,determination letter...View AnswerShow Answer

The following citation can be a correct citation: Rev.Rul.95-271,I.R.B.No.54,18.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The following citation is correct: James E. Wiese, T.C. Summary Opinion, 2005-91.

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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When the Senate version of a bill differ...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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There is no appeal from the Small Cases ...
View Answer

Correct Answer
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Correct Answer
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Appeals from a District Court or a Tax C...
View Answer

Correct Answer
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Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Like letter rulings,determination letter...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
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