Question 1

Distinguish between the jurisdiction of the U.S.Tax Court and a U.S.District Court.

Accepted Answer

The U.S.Tax Court hears only tax cases a...

Question 2

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 E)
G) A) and D)

Question 3

The Internal Revenue Code was first codified in what year?

Accepted Answer

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

Question 4

Which tax-related website probably gives the best policy-orientation results?

Accepted Answer

A)  taxalmanac.org.
B)  irs.gov.
C)  taxsites.com.
D)  taxanalysts.org.
E)  ustaxcourt.gov.F) C) and E)
G) A) and D)

Question 5

Which statement is incorrect with respect to taxation on the CPA exam?

Accepted Answer

A)  The CPA exam now has only four parts.
B)  There are no longer task-based simulations on the exam.
C)  A candidate may not go back after exiting a testlet.
D)  Simulations include a four-function pop-up calculator.
E)  None of these are incorrect.F) A) and E)
G) A) and D)

Question 6

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

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

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 D)
G) None of the above

Question 9

Federal tax legislation generally originates in which of the following?

Accepted Answer

A)  Internal Revenue Service
B)  Senate Finance Committee
C)  House Ways and Means Committee
D)  Senate Floor
E)  None of theseF) B) and C)
G) B) and D)

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

There is a direct conflict between an Internal Revenue Code section adopted in 2008 and a treaty with France (signed in 2012).The Internal Revenue Code section controls.

Accepted Answer

A) True 
 B)False

Question 13

In recent years,Congress has been relatively successful in simplifying the Internal Revenue Code.

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

The research process should always begin with a tax service.

Accepted Answer

A) True 
 B)False

Question 16

The Index to Federal Tax Articles (published by Thomson Reuters) is available electronically.

Accepted Answer

A) True 
 B)False

Question 17

What is a Technical Advice Memorandum?

Accepted Answer

The National Office of the IRS releases ...

Question 18

Technical Advice Memoranda deal with completed transactions.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

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 ...

Exam 2: Working With the Tax Law

Distinguish between the jurisdiction of the U.S.Tax Court and a U.S.District Court.

Correct AnswerverifiedThe U.S.Tax Court hears only tax cases a...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

Federal tax legislation generally originates in which of the following?

Correct AnswerverifiedShow Answer

Which statement is incorrect with respect to taxation on the CPA exam?

Correct AnswerverifiedShow Answer

The Internal Revenue Code was first codified in what year?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The research process should always begin with a tax service.

Correct AnswerverifiedShow Answer

The Index to Federal Tax Articles (published by Thomson Reuters) is available electronically.

Correct AnswerverifiedShow Answer

Technical Advice Memoranda deal with completed transactions.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

In recent years,Congress has been relatively successful in simplifying the Internal Revenue Code.

Correct AnswerverifiedShow Answer

What is a Technical Advice Memorandum?

Correct AnswerverifiedThe National Office of the IRS releases ...View AnswerShow 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

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

A jury trial is available in the following trial court:

Correct AnswerverifiedShow Answer

Which tax-related website probably gives the best policy-orientation results?

Correct AnswerverifiedShow Answer

There is a direct conflict between an Internal Revenue Code section adopted in 2008 and a treaty with France (signed in 2012).The Internal Revenue Code section controls.

Correct AnswerverifiedShow Answer

Correct Answer
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The U.S.Tax Court hears only tax cases a...
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The National Office of the IRS releases ...
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There is no appeal from the Small Cases ...
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