Question 1

The Code section citation is incorrect: § 212(1).

Accepted Answer

A) True 
 B)False

Question 2

Temporary Regulations are only published in the Internal Revenue Bulletin.

Accepted Answer

A) True 
 B)False

Question 3

Federal tax legislation generally originates in what body?

Accepted Answer

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

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

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 6

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

Accepted Answer

A) True 
 B)False

Question 7

Which company does not publish citators for tax purposes?

Accepted Answer

A)   John Wiley & Sons.
B)   Commerce Clearing House.
C)   Research Institute of America.
D)   Westlaw.
E)   Shepard's.F) C) and E)
G) A) and D)

Question 8

Regulations are generally issued immediately after a statute is enacted.

Accepted Answer

A) True 
 B)False

Question 9

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 E)
G) C) and D)

Question 10

Technical Advice Memoranda may not be cited as precedents by taxpayers.

Accepted Answer

A) True 
 B)False

Question 11

In a U.S. District Court, a jury can decide both questions of fact and questions of law.

Accepted Answer

A) True 
 B)False

Question 12

A taxpayer may not appeal a case from which court:

Accepted Answer

A)   U.S. District Court.
B)   U.S. Circuit Court of Appeals.
C)   U.S. Court of Federal Claims.
D)   Small Case Division of the U.S. Tax Court.
E)   None of the above.F) A) and D)
G) C) 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

The following citation is correct: Larry G. Mitchell, 131 T.C. 215 (2008).

Accepted Answer

A) True 
 B)False

Question 15

Technical Advice Memoranda deal with completed transactions.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

The IRS issues an acquiescence or nonacquiescence only for regular Tax Court decisions.

Accepted Answer

A) True 
 B)False

Question 18

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

Question 19

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

Question 20

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

Accepted Answer

A) True 
 B)False

Exam 2: Working With the Tax Law

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

The Code section citation is incorrect: § 212(1).

Correct AnswerverifiedShow Answer

Regulations are generally issued immediately after a statute is enacted.

Correct AnswerverifiedShow Answer

A taxpayer may not appeal a case from which court:

Correct AnswerverifiedShow Answer

Technical Advice Memoranda may not be cited as precedents by taxpayers.

Correct AnswerverifiedShow Answer

The following citation is correct: Larry G. Mitchell, 131 T.C. 215 (2008).

Correct AnswerverifiedShow Answer

In a U.S. District Court, a jury can decide both questions of fact and questions of law.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Temporary Regulations are only published in the Internal Revenue Bulletin.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The IRS issues an acquiescence or nonacquiescence only for regular Tax Court decisions.

Correct AnswerverifiedShow Answer

Which company does not publish citators for tax purposes?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Federal tax legislation generally originates in what body?

Correct AnswerverifiedShow Answer

Technical Advice Memoranda deal with completed transactions.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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