Question 1

Which trial court decision is generally less authoritative?

Accepted Answer

A)   U.S. District Court.
B)   U.S. Tax Court.
C)   U.S. Court of Federal Claims.
D)   Small Cases Division of the Tax Court.
E)   All of these have the same authority.F) B) and C)
G) A) and B)

Question 2

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

Question 3

Which state is not a community property state?

Accepted Answer

A)   Arizona.
B)   Texas.
C)   New Mexico.
D)   Virginia.
E)   None of these.F) B) and E)
G) A) and E)

Question 4

Which state is located in the jurisdiction of the Fifth Circuit Court of Appeals?

Accepted Answer

A)   Louisiana.
B)   California.
C)   New York.
D)   South Carolina.
E)   None of these.F) A) and C)
G) A) and B)

Question 5

Only one judge hears a trial in a U.S. District Court.

Accepted Answer

A) True 
 B)False

Question 6

The Standard Federal Tax Reporter is published by Research Institute of America.

Accepted Answer

A) True 
 B)False

Question 7

In Forty-Four Cigar Co., 2 B.T.A. 1156, the 1156 stands for:

Accepted Answer

A)   The volume number.
B)   The year of the decision.
C)   The paragraph number.
D)   The page number.
E)   None of these.F) A) and E)
G) B) and C)

Question 8

Appeals from the U.S. Court of Federal Claims go to the U.S. Supreme Court.

Accepted Answer

A) True 
 B)False

Question 9

A tax bill cannot originate in the Senate Finance Committee.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following refers to a trial court rather than an appellate court decision?

Accepted Answer

A)   Forgeus v. Comm., 6 B.T.A. 291 1927) .
B)   Farris v. Comm., 222 F.2d 320 CA-10, 1955) .
C)   Danville Plywood Corp., 899 F.2d 3 Fed Cir. 1990) .
D)   Boehm v. Comm., 326 U.S. 287 1945) .
E)   None of these.F) A) and E)
G) D) and E)

Question 11

What statement is not true with respect to Temporary Regulations?

Accepted Answer

A)   They may be cited as precedent.
B)   They are issued with Proposed Regulations.
C)   They automatically expire within three years after the date of issuance.
D)   They can be found in the Federal Register.
E)   All of these statements are true.F) A) and C)
G) C) and D)

Question 12

A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S. District Court.

Accepted Answer

A) True 
 B)False

Exam 1: Understanding and Working With the Federal Tax Law

A tax bill cannot originate in the Senate Finance Committee.

Correct Answer
verified

Appeals from the U.S. Court of Federal Claims go to the U.S. Supreme Court.

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. District Court.

Correct Answer
verified

In Forty-Four Cigar Co., 2 B.T.A. 1156, the 1156 stands for:

Correct Answer
verified

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

Correct Answer
verified

What statement is not true with respect to Temporary Regulations?

Correct Answer
verified

Which state is located in the jurisdiction of the Fifth Circuit Court of Appeals?

Correct Answer
verified

Which of the following refers to a trial court rather than an appellate court decision?

Correct Answer
verified

Only one judge hears a trial in a U.S. District Court.

Correct Answer
verified

Which state is not a community property state?

Correct Answer
verified

Which trial court decision is generally less authoritative?

Correct Answer
verified

The Standard Federal Tax Reporter is published by Research Institute of America.

Correct Answer
verified

Exam 1: Understanding and Working With the Federal Tax Law

A tax bill cannot originate in the Senate Finance Committee.

Correct AnswerverifiedShow Answer

Appeals from the U.S. Court of Federal Claims go to the U.S. Supreme Court.

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. District Court.

Correct AnswerverifiedShow Answer

In Forty-Four Cigar Co., 2 B.T.A. 1156, the 1156 stands for:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

What statement is not true with respect to Temporary Regulations?

Correct AnswerverifiedShow Answer

Which state is located in the jurisdiction of the Fifth Circuit Court of Appeals?

Correct AnswerverifiedShow Answer

Which of the following refers to a trial court rather than an appellate court decision?

Correct AnswerverifiedShow Answer

Only one judge hears a trial in a U.S. District Court.

Correct AnswerverifiedShow Answer

Which state is not a community property state?

Correct AnswerverifiedShow Answer

Which trial court decision is generally less authoritative?

Correct AnswerverifiedShow Answer

The Standard Federal Tax Reporter is published by Research Institute of America.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified