Question 1

Which of the following is not an administrative source of tax law?

Accepted Answer

A)   Field Service Advice
B)   Revenue Procedure
C)   Technical Advice Memoranda
D)   General Counsel Memorandum
E)   All of these are administrative sources.F) B) and D)
G) A) and B)

Question 2

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

Question 3

The Internal Revenue Code was first codified in what year?

Accepted Answer

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

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

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

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

How do treaties fit within tax sources?

Accepted Answer

The U.S signs certain tax treaties (some...

Question 8

Which is presently not a major tax service?

Accepted Answer

A)   Standard Federal Tax Reporter
B)   Federal Taxes
C)   United States Tax Reporter
D)   Tax Management Portfolios
E)   All of these are major tax servicesF) A) and C)
G) A) and B)

Question 9

Subchapter D refers to the "Corporate Distributions and Adjustments" section of the Internal Revenue Code.

Accepted Answer

A) True 
 B)False

Question 10

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 these are correct cites.F) D) and E)
G) B) and E)

Question 11

Which statement is not true with respect to a Regulation that 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 these statements are true.F) All of the above
G) A) and E)

Question 12

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)   Tax Court Memorandum decision
E)   U.S.Court of Federal ClaimsF) A) and C)
G) B) and D)

Question 13

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 14

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 15

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

Question 16

Which of the following sources has the highest tax validity?

Accepted Answer

A)   Revenue Ruling
B)   Revenue Procedure
C)   Regulations
D)   Internal Revenue Code section
E)   None of theseF) A) and C)
G) B) and C)

Question 17

Tax research involves which of the following procedures:

Accepted Answer

A)   Identifying and refining the problem.
B)   Locating the appropriate tax law sources.
C)   Assessing the validity of the tax law sources.
D)   Follow-up.
E)   All of these.F) D) and E)
G) A) and E)

Question 18

Revenue Rulings issued by the National Office of the IRS carry the same legal force and effect as Regulations.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following indicates that a decision has precedential value for future cases?

Accepted Answer

A)   Stare decisis
B)   Golsen doctrine
C)   En banc
D)   Reenactment doctrine
E)   None of theseF) A) and D)
G) A) and B)

Question 20

Three judges will normally hear each U.S.Tax Court case.

Accepted Answer

A) True 
 B)False

Exam 2: Working With the Tax Law

Which statement is not true with respect to a Regulation that interprets the tax law?

Correct AnswerverifiedShow Answer

Which is not a primary source of tax law?

Correct AnswerverifiedShow Answer

Which is presently not a major tax service?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Three judges will normally hear each U.S.Tax Court case.

Correct AnswerverifiedShow Answer

Which of the following sources has the highest tax validity?

Correct AnswerverifiedShow Answer

Subchapter D refers to the "Corporate Distributions and Adjustments" section of the Internal Revenue Code.

Correct AnswerverifiedShow Answer

Which publisher offers the Standard Federal Tax Reporter?

Correct AnswerverifiedShow Answer

How do treaties fit within tax sources?

Correct AnswerverifiedThe U.S signs certain tax treaties (some...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

Which court decision would probably carry more weight?

Correct AnswerverifiedShow Answer

The Internal Revenue Code was first codified in what year?

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

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

Correct AnswerverifiedShow Answer

Which of the following indicates that a decision has precedential value for future cases?

Correct AnswerverifiedShow Answer

Revenue Rulings issued by the National Office of the IRS carry the same legal force and effect as Regulations.

Correct AnswerverifiedShow Answer

Which of the following is not an administrative source of tax law?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Tax research involves which of the following procedures:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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The U.S signs certain tax treaties (some...
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There is no appeal from the Small Cases ...
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