Question 1

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

Question 2

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

Accepted Answer

When the Senate version of a bill differ...

Question 3

Regulations are arranged in the same sequence as the Internal Revenue Code.

Accepted Answer

A) True 
 B)False

Question 4

Compare Revenue Rulings with Revenue Procedures.

Accepted Answer

Revenue Rulings are official pronouncements of the National Office of the IRS.They typically provide one or more examples of how the IRS would apply a law to specific fact situations.Like Regulations, Revenue Rulings are designed to provide interpretation of the tax law.However, they do not carry the same legal force and effect as Regulations and usually deal with more restricted problems.Regulations are approved by the Secretary of the Treasury, whereas Revenue Rulings generally are not.
Revenue Procedures are issued in the same manner as Revenue Rulings, but deal with the internal management practices and procedures of the IRS.Familiarity with these procedures can increase taxpayer compliance and help the IRS administer the tax laws more efficiently.A taxpayer's failure to follow a Revenue Procedure can result in unnecessary delay or, in a discretionary situation, can cause the IRS to decline to act on behalf of the taxpayer.

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

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 7

A U.S.District Court is the lowest trial court.

Accepted Answer

A) True 
 B)False

Question 8

Federal tax legislation generally originates in the Senate Finance Committee.

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

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 11

The research process should begin with a tax service.

Accepted Answer

A) True 
 B)False  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)   Temp. Reg. § 1.752-4T(f) .
E)   All of the above are primary sources.F) B) and D)
G) All of the above

Question 13

Which publisher offers the Standard Federal Tax Reporter?

Accepted Answer

A)  Research Institute of America.
B)  Commerce Clearing House.
C)  Prentice-Hall.
D)  LexisNexis.
E)  None of the above.F) None of the above
G) A) and E)

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

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

Question 16

Technical Advice Memoranda deal with completed transactions.

Accepted Answer

A) True 
 B)False

Question 17

Which Regulations have the force and effect of law?

Accepted Answer

A)  Procedural Regulations.
B)  Finalized Regulations.
C)  Legislative Regulations.
D)  Interpretive Regulations.
E)  All of the above.F) None of the above
G) C) and D)

Question 18

Temporary Regulations are only published in the Internal Revenue Bulletin.

Accepted Answer

A) True 
 B)False

Question 19

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 20

A General Counsel Memorandum is a primary source of tax law.

Accepted Answer

A) True 
 B)False  False

Exam 2: Working With the Tax Law

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

Correct Answer
verified

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

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

Regulations are arranged in the same sequence as the Internal Revenue Code.

Correct Answer
verified

Compare Revenue Rulings with Revenue Procedures.

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

Correct Answer
verified

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 Answer
verified

A U.S.District Court is the lowest trial court.

Correct Answer
verified

Federal tax legislation generally originates in the Senate Finance Committee.

Correct Answer
verified

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

Correct Answer
verified

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 Answer
verified

The research process should begin with a tax service.

Correct Answer
verified
False

Which is not a primary source of tax law?

Correct Answer
verified

Which publisher offers the Standard Federal Tax Reporter?

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

Technical Advice Memoranda deal with completed transactions.

Correct Answer
verified

Which Regulations have the force and effect of law?

Correct Answer
verified

Temporary Regulations are only published in the Internal Revenue Bulletin.

Correct Answer
verified

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

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

A General Counsel Memorandum is a primary source of tax law.

Correct Answer
verified
False

Exam 2: Working With the Tax Law

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

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

Regulations are arranged in the same sequence as the Internal Revenue Code.

Correct AnswerverifiedShow Answer

Compare Revenue Rulings with Revenue Procedures.

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

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

A U.S.District Court is the lowest trial court.

Correct AnswerverifiedShow Answer

Federal tax legislation generally originates in the Senate Finance Committee.

Correct AnswerverifiedShow Answer

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

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

The research process should begin with a tax service.

Correct AnswerverifiedFalse

Which is not a primary source of tax law?

Correct AnswerverifiedShow Answer

Which publisher offers the Standard Federal Tax Reporter?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Technical Advice Memoranda deal with completed transactions.

Correct AnswerverifiedShow Answer

Which Regulations have the force and effect of law?

Correct AnswerverifiedShow Answer

Temporary Regulations are only published in the Internal Revenue Bulletin.

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 General Counsel Memorandum is a primary source of tax law.

Correct AnswerverifiedFalse

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
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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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False

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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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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False