Question 1

Which statement is not true with respect to a Treasury Regulation?

Accepted Answer

A)   Issued by the U.S. Congress.
B)   Issued as Treasury Decision.
C)   Designed to provide interpretation of the tax law.
D)   Carries more legal force than a Revenue Ruling.
E)   All of the above statements are true.F) A) and B)
G) None of the above

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

The test for whether a child qualifies for dependency status is first conducted under the qualified child requirement.

Accepted Answer

A) True 
 B)False

Question 4

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

Question 5

A taxpayer can obtain a jury trial in the U.S.Court of Federal Claims.

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

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) B) and E)
G) None of the above

Question 8

Arizona is in the jurisdiction of the Ninth Circuit Court of Appeals.

Accepted Answer

A) True 
 B)False

Question 9

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) B) and D)
G) A) and B)

Question 10

Which court decision carries more weight?

Accepted Answer

A)   Federal District Court.
B)   Fifth Circuit Court of Appeals.
C)   Memorandum U.S. Tax Court decision.
D)   Small Cases Division of U.S. Tax Court.
E)   U.S. Court of Federal Claims.F) B) and D)
G) A) and B)

Question 11

The term "petitioner" is a synonym for "defendant."

Accepted Answer

A) True 
 B)False

Question 12

A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S.Court of Federal Claims.

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

A particular Regulation is assumed to have received Congressional approval if the Regulation was finalized many years earlier and Congress has not amended the Code section pertaining to that Regulation.

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

Technical Advice Memoranda deal with completed transactions.

Accepted Answer

A) True 
 B)False

Question 17

Which of these is not a correct citation to the Internal Revenue Code?

Accepted Answer

A)   Section 211.
B)   Section 1222(1) .
C)   Section 2(a) (1) (
A)  .
D)   Section 280B.
E)   All of above are correct cites.F) A) and E)
G) A) and C)

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

What are Treasury Department Regulations?

Accepted Answer

Regulations are issued by the U.S.Treasu...

Question 20

Which tax source may override a Regulation section?

Accepted Answer

A)   Revenue Ruling.
B)   Revenue Procedure.
C)   U.S. tax treaty.
D)   Technical Advice Memoranda.
E)   None of the above.F) None of the above
G) C) and D)

Exam 2: Working With the Tax Law

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

A particular Regulation is assumed to have received Congressional approval if the Regulation was finalized many years earlier and Congress has not amended the Code section pertaining to that Regulation.

Correct AnswerverifiedShow Answer

The test for whether a child qualifies for dependency status is first conducted under the qualified child requirement.

Correct AnswerverifiedShow Answer

Technical Advice Memoranda deal with completed transactions.

Correct AnswerverifiedShow Answer

Which statement is not true with respect to a Treasury Regulation?

Correct AnswerverifiedShow Answer

A taxpayer can obtain a jury trial in the U.S.Court of Federal Claims.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of these is not a correct citation to the Internal Revenue Code?

Correct AnswerverifiedShow Answer

Which tax source may override a Regulation section?

Correct AnswerverifiedShow Answer

A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S.Court of Federal Claims.

Correct AnswerverifiedShow Answer

Which court decision would probably carry more weight?

Correct AnswerverifiedShow Answer

Which court decision carries more weight?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

What are Treasury Department Regulations?

Correct AnswerverifiedRegulations are issued by the U.S.Treasu...View AnswerShow Answer

The term "petitioner" is a synonym for "defendant."

Correct AnswerverifiedShow Answer

Arizona is in the jurisdiction of the Ninth Circuit Court of Appeals.

Correct AnswerverifiedShow Answer

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Regulations are issued by the U.S.Treasu...
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