Question 1

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 2

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

Question 3

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

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

The research process should always begin with a tax service.

Accepted Answer

A) True 
 B)False

Question 6

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 7

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

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

If a taxpayer decides not to pay a tax deficiency, he or she must go to which court?

Accepted Answer

A)  Appropriate U.S.Circuit Court of Appeals
B)  U.S.District Court
C)  U.S.Tax Court
D)  U.S.Court of Federal Claims
E)  None of theseF) D) and E)
G) C) and D)

Question 10

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 11

Revenue Rulings are first published in the Internal Revenue Bulletin.

Accepted Answer

A) True 
 B)False

Question 12

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

Question 13

Temporary Regulations are only published in the Internal Revenue Bulletin.

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

Technical Advice Memoranda deal with completed transactions.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following statements about a nonacquiescence is correct?

Accepted Answer

A)  A nonacquiescence is issued in the Federal Registrar.
B)  Nonacquiescences are published only for certain regular decisions of the U.S.Tax Court.
C)  A nonacquiescence in published in the Internal Revenue Bulletin.
D)  The IRS does not issue nonacquiescences to adverse decisions that are not appealed.
E)  All of the above are correct.F) C) and D)
G) All of the above

Question 17

The IRS is not required to make a letter ruling public.

Accepted Answer

A) True 
 B)False

Question 18

Which citation refers to a Second Circuit Court of Appeals decision?

Accepted Answer

A)  40 T.C.1018.
B)  159 F.2d 848 CA-2, 1947) .
C)  354 F.Supp.1003 D.Ct.GA.1972) .
D)  914 F.2d 396 CA-3, 1990) .
E)  None of the above.F) A) and E)
G) A) and D)

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A) True 
 B)False

Exam 2: Working With the Tax Law

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

If a taxpayer decides not to pay a tax deficiency, he or she must go to which court?

Correct AnswerverifiedShow Answer

Technical Advice Memoranda deal with completed transactions.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Revenue Rulings are first published in the Internal Revenue Bulletin.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The IRS is not required to make a letter ruling public.

Correct AnswerverifiedShow Answer

Which citation refers to a Second Circuit Court of Appeals decision?

Correct AnswerverifiedShow Answer

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

The research process should always begin with a tax service.

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

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Temporary Regulations are only published in the Internal Revenue Bulletin.

Correct AnswerverifiedShow Answer

Which court decision would probably carry more weight?

Correct AnswerverifiedShow Answer

Which of the following statements about a nonacquiescence is correct?

Correct AnswerverifiedShow Answer

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