Question 1

The Tax Court departs from its general policy of ruling uniformly for all taxpayers where

Accepted Answer

A) a U.S. District Court has ruled differently on the issue in the taxpayer's jurisdiction. 
B) the U.S. Court of Federal Claims has ruled differently on the issue in the taxpayer's jurisdiction. 
C) the Court of Appeals in the circuit to which the Tax Court decision would be appealed has ruled differently on the issue. 
D) the IRS has indicated that it will acquiesce. 
A) a U.S. District Court has ruled differently on the issue in the taxpayer's jurisdiction. 
B) the U.S. Court of Federal Claims has ruled differently on the issue in the taxpayer's jurisdiction. 
C) the Court of Appeals in the circuit to which the Tax Court decision would be appealed has ruled differently on the issue. 
D) the IRS has indicated that it will acquiesce.

Question 2

Identify which of the following statements is false.

Accepted Answer

A) Regular and memorandum decisions of the Tax Court are published by the government in the Tax Court of the United States Reports. 
B) The citation Cristofani, 97 T.C. 74 (1991)indicates that the decision is a regular decision of the Tax Court. 
C) The citation Estate of Newhouse, 94 T.C. 193 (1990), nonacq. 1991-1 C.B. 1 indicates that the IRS did not formally disagree with this 1990 Tax Court decision until 1991. 
D) The Board of Tax Appeals preceded the Tax Court. 
A) Regular and memorandum decisions of the Tax Court are published by the government in the Tax Court of the United States Reports. 
B) The citation Cristofani, 97 T.C. 74 (1991)indicates that the decision is a regular decision of the Tax Court. 
C) The citation Estate of Newhouse, 94 T.C. 193 (1990), nonacq. 1991-1 C.B. 1 indicates that the IRS did not formally disagree with this 1990 Tax Court decision until 1991. 
D) The Board of Tax Appeals preceded the Tax Court.

Question 3

What is "forum-shopping"?

Accepted Answer

Forum-shopping involves choosing where a

Question 4

The acquiescence policy of the IRS extends to the

Accepted Answer

A) U)S. Supreme Court decisions. 
B) U)S. Tax Court regular decisions. 
C) U)S. District Court decisions. 
D) both B and C 
A) U)S. Supreme Court decisions. 
B) U)S. Tax Court regular decisions. 
C) U)S. District Court decisions. 
D) both B and C

Question 5

Determine which authorities are applicable.

Accepted Answer

To determine which authorities are appli

Question 6

When Congress passes a statute with language such as, "The Secretary shall prescribe such regulations as he may deem necessary," the regulations ultimately issued for that statute are

Accepted Answer

A) congressional regulations. 
B) statutory regulations. 
C) interpretative regulations. 
D) legislative regulations. 
A) congressional regulations. 
B) statutory regulations. 
C) interpretative regulations. 
D) legislative regulations.

Question 7

George's case was handled under the "small tax case procedure." He does not agree with the findings of the Tax Court. He would like to appeal the decision. Which one of the following is true?

Accepted Answer

A) There is no appeal. 
B) He can appeal the case, but only if the amount of tax involved is greater than $5,000. 
C) He would appeal first to the U.S. Court of Appeals for the Federal Circuit. 
D) He would appeal first to the U.S. Court of Federal Claims. 
A) There is no appeal. 
B) He can appeal the case, but only if the amount of tax involved is greater than $5,000. 
C) He would appeal first to the U.S. Court of Appeals for the Federal Circuit. 
D) He would appeal first to the U.S. Court of Federal Claims.

Question 8

Which of the following courts is not a trial court for tax cases?

Accepted Answer

A) U)S. Bankruptcy Court 
B) U)S. District Court 
C) U)S. Tax Court 
D) U)S. Court of Federal Claims 
A) U)S. Bankruptcy Court 
B) U)S. District Court 
C) U)S. Tax Court 
D) U)S. Court of Federal Claims

Question 9

Discuss the purposes and scope of temporary regulations.

Accepted Answer

Temporary regulations are issued by the

Question 10

Assume that the Tax Court decided an expenditure in question was deductible. The government appealed to the Fifth Circuit, which reversed the decision and held it was not deductible. No other circuits have ruled on the issue.
A new case has just been filed in the Tax Court. How will the Tax Court rule if this new case is appealable to the Tenth Circuit? Would your answer be different if the case was appealable to the Fifth Circuit?

Accepted Answer

The Golsen rule provides that the Tax Co

Question 11

Why should tax researchers take note of the date on which a Treasury Regulation was adopted?

Accepted Answer

Researchers should note the date on whic

Question 12

Appeals from the Court of Appeals go to the Supreme Court under a writ of certiorari. The Supreme Court decides whether or not they will hear the case.

Accepted Answer

A) True 
 B)False

Question 13

What are the purposes of citations in tax research?

Accepted Answer

Citations serve two purposes.

Question 14

Which of the following statements regarding proposed regulations is not correct?

Accepted Answer

A) Proposed regulations expire after three years. 
B) Practitioners and other interested parties may comment on proposed regulations. 
C) Proposed and temporary regulations are generally issued simultaneously. 
D) Proposed regulations do not provide any insight into the IRS's interpretation of the tax law. 
A) Proposed regulations expire after three years. 
B) Practitioners and other interested parties may comment on proposed regulations. 
C) Proposed and temporary regulations are generally issued simultaneously. 
D) Proposed regulations do not provide any insight into the IRS's interpretation of the tax law.

Question 15

Read the cases and rulings referenced in the database.

Accepted Answer

I'm sorry, but it seems there might be a

Question 16

Title 26 of the U.S. Code includes

Accepted Answer

A) income tax legislation only. 
B) gift tax and estate tax legislation only. 
C) alcohol and tobacco tax legislation only. 
D) all of the tax legislation mentioned above. 
A) income tax legislation only. 
B) gift tax and estate tax legislation only. 
C) alcohol and tobacco tax legislation only. 
D) all of the tax legislation mentioned above.

Question 17

What is the difference between a taxpayer-requested letter ruling and a technical advice memorandum issued as a letter ruling?

Accepted Answer

A taxpayer-requested letter ru

Question 18

What is the minimum information that should be contained in a citation?

Accepted Answer

A citation should contain, at a minimum,

Question 19

Identify which of the following statements is true.

Accepted Answer

A) RIA United States Tax Reporter and CCH Standard Federal Tax Reporter are topical tax services. 
B) An annotated tax service is organized by broad subject areas. 
C) Annotations are summaries of IRS pronouncements and court opinions. 
D) All of the above are false. 
A) RIA United States Tax Reporter and CCH Standard Federal Tax Reporter are topical tax services. 
B) An annotated tax service is organized by broad subject areas. 
C) Annotations are summaries of IRS pronouncements and court opinions. 
D) All of the above are false.

Question 20

Explain the difference between a closed-fact and open-fact situation.

Accepted Answer

In a closed-fact situation, the transact

The Tax Court departs from its general policy of ruling uniformly for all taxpayers where

Identify which of the following statements is false.

What is "forum-shopping"?

The acquiescence policy of the IRS extends to the

Determine which authorities are applicable.

When Congress passes a statute with language such as, "The Secretary shall prescribe such regulations as he may deem necessary," the regulations ultimately issued for that statute are

George's case was handled under the "small tax case procedure." He does not agree with the findings of the Tax Court. He would like to appeal the decision. Which one of the following is true?

Which of the following courts is not a trial court for tax cases?

Discuss the purposes and scope of temporary regulations.

Why should tax researchers take note of the date on which a Treasury Regulation was adopted?

Appeals from the Court of Appeals go to the Supreme Court under a writ of certiorari. The Supreme Court decides whether or not they will hear the case.

What are the purposes of citations in tax research?

Which of the following statements regarding proposed regulations is not correct?

Read the cases and rulings referenced in the database.

Title 26 of the U.S. Code includes

What is the difference between a taxpayer-requested letter ruling and a technical advice memorandum issued as a letter ruling?

What is the minimum information that should be contained in a citation?

Identify which of the following statements is true.

Explain the difference between a closed-fact and open-fact situation.

An Introduction to Taxation

Determination of Tax

Gross Income: Inclusions

Gross Income: Exclusions

Property Transactions: Capital Gains and Losses

Deductions and Losses

Itemized Deductions

Losses and Bad Debts

Employee Expenses and Deferred Compensation

Depreciation, Cost Recovery, Amortization, and Depletion

Accounting Periods and Methods

Property Transactions: Nontaxable Exchanges

Property Transactions: Section 1231 and Recapture

Special Tax Computation Methods, Tax Credits, and Payment of Tax

Corporations

Partnerships and S Corporations

Taxes and Investment Planning

Filters

Exam 15: Tax Research

The Tax Court departs from its general policy of ruling uniformly for all taxpayers where

Identify which of the following statements is false.

What is "forum-shopping"?

The acquiescence policy of the IRS extends to the

Determine which authorities are applicable.

When Congress passes a statute with language such as, "The Secretary shall prescribe such regulations as he may deem necessary," the regulations ultimately issued for that statute are

George's case was handled under the "small tax case procedure." He does not agree with the findings of the Tax Court. He would like to appeal the decision. Which one of the following is true?

Which of the following courts is not a trial court for tax cases?

Discuss the purposes and scope of temporary regulations.

Why should tax researchers take note of the date on which a Treasury Regulation was adopted?

Appeals from the Court of Appeals go to the Supreme Court under a writ of certiorari. The Supreme Court decides whether or not they will hear the case.

What are the purposes of citations in tax research?

Which of the following statements regarding proposed regulations is not correct?

Read the cases and rulings referenced in the database.

Title 26 of the U.S. Code includes

What is the difference between a taxpayer-requested letter ruling and a technical advice memorandum issued as a letter ruling?

What is the minimum information that should be contained in a citation?

Identify which of the following statements is true.

Explain the difference between a closed-fact and open-fact situation.

An Introduction to Taxation

Determination of Tax

Gross Income: Inclusions

Gross Income: Exclusions

Property Transactions: Capital Gains and Losses

Deductions and Losses

Itemized Deductions

Losses and Bad Debts

Employee Expenses and Deferred Compensation

Depreciation, Cost Recovery, Amortization, and Depletion

Accounting Periods and Methods

Property Transactions: Nontaxable Exchanges

Property Transactions: Section 1231 and Recapture

Special Tax Computation Methods, Tax Credits, and Payment of Tax

Corporations

Partnerships and S Corporations

Taxes and Investment Planning

Filters