Question 1

Compare Revenue Rulings with Revenue Procedures.

Accepted Answer

Revenue Rulings are official pronounceme...

Question 2

Electronic (online) databases are most frequently searched by the keyword approach.

Accepted Answer

A) True 
 B)False

Question 3

Revenue tax measures typically originate in the Senate Finance Committee of the U.S. Congress.

Accepted Answer

A) True 
 B)False

Question 4

Technical Advice Memoranda deal with completed transactions.

Accepted Answer

A) True 
 B)False  True

Question 5

The research process should always begin with a tax service.

Accepted Answer

A) True 
 B)False  False

Question 6

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

Question 7

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

Question 8

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

Question 9

Which publisher offers the Standard Federal Tax Reporter?

Accepted Answer

A)   Research Institute of America
B)   Commerce Clearing House
C)   Thomson Reuters
D)   LexisNexis
E)   None of theseF) C) and D)
G) B) and C) B

Question 10

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

Accepted Answer

A)   Internal Revenue Code section approach
B)   Keyword approach
C)   Table of contents approach
D)   Index
E)   All are about the sameF) All of the above
G) D) and E)

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

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

Question 13

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

Accepted Answer

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

Question 14

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) A) and B)
G) A) and C)

Question 15

What is a Technical Advice Memorandum?

Accepted Answer

The National Office of the IRS releases ...

Question 16

Subchapter C refers to the subchapter in the Internal Revenue Code that deals with partnerships and partners.

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

In general, Regulations are issued immediately after a statute is enacted.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

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

Exam 2: Working with the Tax Law

Compare Revenue Rulings with Revenue Procedures.

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

Electronic (online) databases are most frequently searched by the keyword approach.

Correct AnswerverifiedShow Answer

Revenue tax measures typically originate in the Senate Finance Committee of the U.S. Congress.

Correct AnswerverifiedShow Answer

Technical Advice Memoranda deal with completed transactions.

Correct AnswerverifiedTrue

The research process should always begin with a tax service.

Correct AnswerverifiedFalse

Which item may not be cited as a precedent?

Correct AnswerverifiedShow Answer

A jury trial is available in the following trial court:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which publisher offers the Standard Federal Tax Reporter?

Correct AnswerverifiedB

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which is not a primary source of tax law?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

What is a Technical Advice Memorandum?

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

Subchapter C refers to the subchapter in the Internal Revenue Code that deals with partnerships and partners.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

In general, Regulations are issued immediately after a statute is enacted.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Correct Answer
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Revenue Rulings are official pronounceme...
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True

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False

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B

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The National Office of the IRS releases ...
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