Question 1

Tax planning is not an integral part of open-fact situations.

Accepted Answer

A) True 
 B)False

Question 2

Refine the issues and perhaps return to step 1.
Page Ref.: I:15-27

Accepted Answer

It appears that you are referencing a st

Question 3

Identify which of the following statements is true.

Accepted Answer

A) Paragraph references are most commonly used when citing or referring to the tax statutes. 
B) Title 26 of the United States Code and the Internal Revenue Code of 1986 are synonymous. 
C) Before 1939, tax statutes were codified or compiled into one document. 
D) The Internal Revenue Code contains chapters, which are further subdivided into titles. 
A) Paragraph references are most commonly used when citing or referring to the tax statutes. 
B) Title 26 of the United States Code and the Internal Revenue Code of 1986 are synonymous. 
C) Before 1939, tax statutes were codified or compiled into one document. 
D) The Internal Revenue Code contains chapters, which are further subdivided into titles.

Question 4

Taxpayers must pay the disputed tax prior to filing a case with the Tax Court.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following steps, related to a tax bill, occurs first?

Accepted Answer

A) signature or veto by the President of the United States 
B) consideration by the Senate Finance Committee 
C) consideration by the entire Senate 
D) consideration by the House Ways and Means Committee 
A) signature or veto by the President of the United States 
B) consideration by the Senate Finance Committee 
C) consideration by the entire Senate 
D) consideration by the House Ways and Means Committee

Question 6

You need to locate a recent tax case that was tried in a Federal district court. The decision is an "unreported" decision. This means the decision was

Accepted Answer

A) not published in the Federal Supplement. 
B) not published in American Federal Tax Reports. 
C) not published in United States Tax Cases. 
D) settled out of court. 
A) not published in the Federal Supplement. 
B) not published in American Federal Tax Reports. 
C) not published in United States Tax Cases. 
D) settled out of court.

Question 7

Tax Court memorandum decisions

Accepted Answer

A) cannot be appealed. 
B) are not published. 
C) have less precedential value than regular decisions. 
D) usually deal with factual variations of issues litigated previously. 
A) cannot be appealed. 
B) are not published. 
C) have less precedential value than regular decisions. 
D) usually deal with factual variations of issues litigated previously.

Question 8

Describe the appeals process in tax litigation.

Accepted Answer

Appeals from Tax Court and U.S. district

Question 9

The taxpayer need not pay the disputed tax in advance when the suit is initiated in

Accepted Answer

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

Question 10

Which of the following best describes the weight of a revenue ruling?

Accepted Answer

A) Revenue rulings carry more weight than regulations. 
B) Revenue rulings carry more weight than federal court decisions. 
C) Regulations carry more weight than revenue rulings. 
D) Revenue rulings should never be used as authority since they only apply to the taxpayer requesting the ruling. 
A) Revenue rulings carry more weight than regulations. 
B) Revenue rulings carry more weight than federal court decisions. 
C) Regulations carry more weight than revenue rulings. 
D) Revenue rulings should never be used as authority since they only apply to the taxpayer requesting the ruling.

Question 11

Identify which of the following statements is true.

Accepted Answer

A) If regulations are issued prior to the latest tax legislation dealing with a specific Code section, the regulations are no longer effective to the extent they conflict with the provisions in the new legislation. 
B) Legislative regulations are more likely to be invalidated by the courts than are interpretative regulations. 
C) Regulations have more authoritative weight than tax statues. 
D) All of the above are false. 
A) If regulations are issued prior to the latest tax legislation dealing with a specific Code section, the regulations are no longer effective to the extent they conflict with the provisions in the new legislation. 
B) Legislative regulations are more likely to be invalidated by the courts than are interpretative regulations. 
C) Regulations have more authoritative weight than tax statues. 
D) All of the above are false.

Question 12

Use a citator to determine the current status of the relevant cases and rulings and if there are any additional cases and rulings.

Accepted Answer

To use a citator to determine the curren

Question 13

Indicate which courts decided the case cited below. Also indicate on which pages and in which publications the authority is reported.
U.S. v. Maclin P. Davis, 397 U.S. 301, 25AFTR 2d 70-827, 70-1 USTC &9289 (1970).

Accepted Answer

This case appears in Vol. 397, page 301,

Question 14

When the House and Senate versions of a tax bill are not in agreement, the disagreements are resolved by the

Accepted Answer

A) Ways and Means Committee. 
B) Mediation Committee. 
C) Revenue Committee. 
D) Conference Committee. 
A) Ways and Means Committee. 
B) Mediation Committee. 
C) Revenue Committee. 
D) Conference Committee.

Question 15

Discuss the conflict between advocacy for a client and responsibility to the IRS.

Accepted Answer

The CPA's primary duty is to his or her

Question 16

During the course of an audit, a CPA discovers an error in a prior return. According to the Statements on Standards for Tax Services, the CPA should

Accepted Answer

A) ask the client for permission to disclose the error to the IRS. 
B) withdraw from the engagement. 
C) inform the IRS of the error, regardless of whether the client grants permission. 
D) correct the error in the current year's tax return. 
A) ask the client for permission to disclose the error to the IRS. 
B) withdraw from the engagement. 
C) inform the IRS of the error, regardless of whether the client grants permission. 
D) correct the error in the current year's tax return.

Question 17

Identify which of the following statements is false.

Accepted Answer

A) The U.S. Tax Court must follow the previous decisions of the U.S. District Court for the district in which the taxpayer lives. 
B) The U.S. Tax Court follows the previous decisions of the U.S. Court of Appeals to which the tax matter is appealable. 
C) The opportunity for "forum shopping" occurs when different precedents on the same point exist. 
D) The U. S. Tax Court may intentionally issue conflicting decisions. 
A) The U.S. Tax Court must follow the previous decisions of the U.S. District Court for the district in which the taxpayer lives. 
B) The U.S. Tax Court follows the previous decisions of the U.S. Court of Appeals to which the tax matter is appealable. 
C) The opportunity for "forum shopping" occurs when different precedents on the same point exist. 
D) The U. S. Tax Court may intentionally issue conflicting decisions.

Question 18

A jury trial is permitted in the

Accepted Answer

A) U)S. District Court. 
B) U)S. Tax Court. 
C) U)S. Court of Federal Claims. 
D) U)S. Tax Court when the small case procedures are used. 
A) U)S. District Court. 
B) U)S. Tax Court. 
C) U)S. Court of Federal Claims. 
D) U)S. Tax Court when the small case procedures are used.

Question 19

Which tax service is usually deemed to be the most authoritative?

Accepted Answer

A) United States Tax Reporter 
B) Standard Federal Tax Reporter 
C) Federal Tax Coordinator 2d 
D) All are equally authoritative. 
A) United States Tax Reporter 
B) Standard Federal Tax Reporter 
C) Federal Tax Coordinator 2d 
D) All are equally authoritative.

Question 20

Where must a tax researcher look to access all Tax Court cases?

Accepted Answer

The regular opinions are found in the Ta

Tax planning is not an integral part of open-fact situations.

Refine the issues and perhaps return to step 1. Page Ref.: I:15-27

Identify which of the following statements is true.

Taxpayers must pay the disputed tax prior to filing a case with the Tax Court.

Which of the following steps, related to a tax bill, occurs first?

You need to locate a recent tax case that was tried in a Federal district court. The decision is an "unreported" decision. This means the decision was

Tax Court memorandum decisions

Describe the appeals process in tax litigation.

The taxpayer need not pay the disputed tax in advance when the suit is initiated in

Which of the following best describes the weight of a revenue ruling?

Identify which of the following statements is true.

Use a citator to determine the current status of the relevant cases and rulings and if there are any additional cases and rulings.

Indicate which courts decided the case cited below. Also indicate on which pages and in which publications the authority is reported. U.S. v. Maclin P. Davis, 397 U.S. 301, 25AFTR 2d 70-827, 70-1 USTC &9289 (1970).

When the House and Senate versions of a tax bill are not in agreement, the disagreements are resolved by the

Discuss the conflict between advocacy for a client and responsibility to the IRS.

During the course of an audit, a CPA discovers an error in a prior return. According to the Statements on Standards for Tax Services, the CPA should

Identify which of the following statements is false.

A jury trial is permitted in the

Which tax service is usually deemed to be the most authoritative?

Where must a tax researcher look to access all Tax Court cases?

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

Tax planning is not an integral part of open-fact situations.

Refine the issues and perhaps return to step 1. Page Ref.: I:15-27

Identify which of the following statements is true.

Taxpayers must pay the disputed tax prior to filing a case with the Tax Court.

Which of the following steps, related to a tax bill, occurs first?

You need to locate a recent tax case that was tried in a Federal district court. The decision is an "unreported" decision. This means the decision was

Tax Court memorandum decisions

Describe the appeals process in tax litigation.

The taxpayer need not pay the disputed tax in advance when the suit is initiated in

Which of the following best describes the weight of a revenue ruling?

Identify which of the following statements is true.

Use a citator to determine the current status of the relevant cases and rulings and if there are any additional cases and rulings.

Indicate which courts decided the case cited below. Also indicate on which pages and in which publications the authority is reported. U.S. v. Maclin P. Davis, 397 U.S. 301, 25AFTR 2d 70-827, 70-1 USTC &9289 (1970).

When the House and Senate versions of a tax bill are not in agreement, the disagreements are resolved by the

Discuss the conflict between advocacy for a client and responsibility to the IRS.

During the course of an audit, a CPA discovers an error in a prior return. According to the Statements on Standards for Tax Services, the CPA should

Identify which of the following statements is false.

A jury trial is permitted in the

Which tax service is usually deemed to be the most authoritative?

Where must a tax researcher look to access all Tax Court cases?

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