Question 1

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

Question 2

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

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

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 5

Tax bills are handled by which committee in the U.S.House of Representatives?

Accepted Answer

A)  Taxation Committee
B)  Ways and Means Committee
C)  Finance Committee
D)  Budget Committee
E)  None of theseF) B) and D)
G) A) and E)

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  True

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

If these citations appeared after a trial court decision, which one means that the decision was overruled?

Accepted Answer

A)  Aff'd 633 F.2d 512 (CA-7, 1980) .
B)  Rem'd 399 F.2d 800 (CA-5, 1968) .
C)  Aff'd 914 F.2d 396 (CA-3, 1990) .
D)  Rev'd 935 F.2d 203 (CA-5, 1991) .
E)  None of these.F) C) and D)
G) A) and E) D

Question 9

Normally, when the Senate version of a tax bill differs from that passed by the House, a Joint Conference Committee drafts a compromise tax bill.

Accepted Answer

A) True 
 B)False

Question 10

A taxpayer should always minimize his or her tax liability.

Accepted Answer

A) True 
 B)False

Question 11

The primary purpose of effective tax planning is to reduce or defer the tax in the current tax year.

Accepted Answer

A) True 
 B)False

Question 12

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 13

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 these.F) A) and C)
G) A) and B)

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

In § 212(1) , the number (1)  stands for the:

Accepted Answer

A)  Section number.
B)  Subsection number.
C)  Paragraph designation.
D)  Subparagraph designation.
E)  None of these.F) A) and B)
G) D) and E)

Question 16

Revenue Rulings are first published in the Internal Revenue Bulletin.

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

A letter ruling applies only to the taxpayer who asks for and obtains a letter ruling.

Accepted Answer

A) True 
 B)False

Question 20

What are Treasury Department Regulations?

Accepted Answer

Regulations are issued by the U.S.Treasu...

Exam 2: Working With the Tax Law

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedA

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

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

Tax bills are handled by which committee in the U.S.House of Representatives?

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 AnswerverifiedTrue

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

Correct AnswerverifiedShow Answer

If these citations appeared after a trial court decision, which one means that the decision was overruled?

Correct AnswerverifiedD

Normally, when the Senate version of a tax bill differs from that passed by the House, a Joint Conference Committee drafts a compromise tax bill.

Correct AnswerverifiedShow Answer

A taxpayer should always minimize his or her tax liability.

Correct AnswerverifiedShow Answer

The primary purpose of effective tax planning is to reduce or defer the tax in the current tax year.

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

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

In § 212(1) , the number (1) stands for the:

Correct AnswerverifiedShow Answer

Revenue Rulings are first published in the Internal Revenue Bulletin.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

A letter ruling applies only to the taxpayer who asks for and obtains a letter ruling.

Correct AnswerverifiedShow Answer

What are Treasury Department Regulations?

Correct AnswerverifiedRegulations are issued by the U.S.Treasu...View AnswerShow Answer

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A

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There is no appeal from the Small Cases ...
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True

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D

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Regulations are issued by the U.S.Treasu...
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