Question 1

There is a direct conflict between an Internal Revenue Code section adopted in 2010 and a treaty with France (signed in 2016). The Internal Revenue Code section controls.

Accepted Answer

A) True 
 B)False

Question 2

In recent years, Congress has been relatively successful in simplifying the Internal Revenue Code.

Accepted Answer

A) True 
 B)False

Question 3

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) D) and E)
G) All of the above

Question 4

Rules of tax law do not include Revenue Rulings and Revenue Procedures.

Accepted Answer

A) True 
 B)False

Question 5

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 B)
G) A) and C)

Question 6

How do treaties fit within tax sources?

Accepted Answer

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

Question 7

The first codification of the tax law occurred in 1954.

Accepted Answer

A) True 
 B)False

Question 8

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 9

Temporary Regulations are only published in the Internal Revenue Bulletin.

Accepted Answer

A) True 
 B)False

Question 10

Revenue Rulings are first published in the Internal Revenue Bulletin.

Accepted Answer

A) True 
 B)False

Question 11

A researcher can find tax information on home page sites of:

Accepted Answer

A)   Governmental bodies.
B)   Tax academics.
C)   Publishers.
D)   CPA firms.
E)   All of these.F) B) and E)
G) C) and D)

Question 12

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 13

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 D)
G) B) and C)

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

Which Regulations have the force and effect of law?

Accepted Answer

A)   Procedural Regulations
B)   Finalized Regulations
C)   Legislative Regulations
D)   Interpretive Regulations
E)   All of theseF) A) and C)
G) A) and E)

Question 16

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 these.F) All of the above
G) A) and C)

Question 17

How can Congressional Committee Reports be used by a tax researcher?

Accepted Answer

Congressional Committee Reports often ex...

Question 18

This Internal Revenue Code section citation is incorrect: § 212(1).

Accepted Answer

A) True 
 B)False

Question 19

Federal tax legislation generally originates in which of the following?

Accepted Answer

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

Question 20

Which company does not publish citators for tax purposes?

Accepted Answer

A)   John Wiley & Sons
B)   Commerce Clearing House
C)   Thomson Reuters (RI
A)  
D)   Westlaw
E)   Shepard'sF) B) and E)
G) All of the above

Exam 2: Working with the Tax Law

There is a direct conflict between an Internal Revenue Code section adopted in 2010 and a treaty with France (signed in 2016). The Internal Revenue Code section controls.

Correct AnswerverifiedShow Answer

A taxpayer may not appeal a case from which court:

Correct AnswerverifiedShow Answer

Federal tax legislation generally originates in which of the following?

Correct AnswerverifiedShow Answer

How do treaties fit within tax sources?

Correct AnswerverifiedThe U.S signs certain tax treaties (some...View AnswerShow Answer

Which Regulations have the force and effect of law?

Correct AnswerverifiedShow Answer

Which court decision would probably carry more weight?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Rules of tax law do not include Revenue Rulings and Revenue Procedures.

Correct AnswerverifiedShow Answer

A researcher can find tax information on home page sites of:

Correct AnswerverifiedShow Answer

Revenue Rulings are first published in the Internal Revenue Bulletin.

Correct AnswerverifiedShow Answer

This Internal Revenue Code section citation is incorrect: § 212(1).

Correct AnswerverifiedShow Answer

How can Congressional Committee Reports be used by a tax researcher?

Correct AnswerverifiedCongressional Committee Reports often ex...View AnswerShow 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

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

Correct AnswerverifiedShow Answer

In recent years, Congress has been relatively successful in simplifying the Internal Revenue Code.

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

The first codification of the tax law occurred in 1954.

Correct AnswerverifiedShow Answer

Which company does not publish citators for tax purposes?

Correct AnswerverifiedShow Answer

Temporary Regulations are only published in the Internal Revenue Bulletin.

Correct AnswerverifiedShow Answer

Which of the following sources has the highest tax validity?

Correct AnswerverifiedShow Answer

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

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Congressional Committee Reports often ex...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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There is no appeal from the Small Cases ...
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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