Question 1

Taxpayers may look at Committee Reports to determine the intent of Congress.

Accepted Answer

A) True 
 B)False

Question 2

Revenue Procedures deal with the internal management practices and procedures of the IRS.

Accepted Answer

A) True 
 B)False

Question 3

Which court decision is generally more authoritative?

Accepted Answer

A) A U.S. Tax Court decision. 
B) A U.S. Court of Federal Claims decision. 
C) A U.S. District Court decision. 
D) A U.S. Court of Appeals decision. 
E) A U.S. Tax Court Memorandum decision. 
A) A U.S. Tax Court decision. 
B) A U.S. Court of Federal Claims decision. 
C) A U.S. District Court decision. 
D) A U.S. Court of Appeals decision. 
E) A U.S. Tax Court Memorandum decision.

Question 4

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 the above are the same. 
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 the above are the same.

Question 5

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

Accepted Answer

A) 40 T.C. 1018. 
B) 2 TCM 205 (1951). 
C) 354 F.Supp. 1003 (D. Ct. Ga, 1972). 
D) 914 F.2d 396 (CA-3, 1990). 
E) None of the above. 
A) 40 T.C. 1018. 
B) 2 TCM 205 (1951). 
C) 354 F.Supp. 1003 (D. Ct. Ga, 1972). 
D) 914 F.2d 396 (CA-3, 1990). 
E) None of the above.

Question 6

What is the value of Actions on Decisions to a tax researcher?

Accepted Answer

Actions on Decisions tell a taxpayer the

Question 7

Which of these notations would appear after a U.S. Tax Court citation if the IRS disagrees with the decision?

Accepted Answer

A) Rev'd 935 F.2d 203 (1991). 
B) Nonacq. 1979-1 C.B. 1. 
C) Cert. den. 361 U.S. 875 (1959). 
D) Acq. 1990-1 C.B. 2. 
E) None of the above. 
A) Rev'd 935 F.2d 203 (1991). 
B) Nonacq. 1979-1 C.B. 1. 
C) Cert. den. 361 U.S. 875 (1959). 
D) Acq. 1990-1 C.B. 2. 
E) None of the above.

Question 8

A U.S. District Court must abide by the precedents set by the U.S. Court of Appeals of its jurisdiction.

Accepted Answer

A) True 
 B)False

Question 9

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 the above. 
A) The volume number. 
B) The year of the decision. 
C) The paragraph number. 
D) The page number. 
E) None of the above.

Question 10

A Technical Advice Memorandum is issued by:

Accepted Answer

A) Treasury Department. 
B) National Office of the IRS. 
C) Office of Chief Council. 
D) Area Director. 
E) None of the above. 
A) Treasury Department. 
B) National Office of the IRS. 
C) Office of Chief Council. 
D) Area Director. 
E) None of the above.

Question 11

Which trial court normally has 16 judges?

Accepted Answer

A) U.S. Tax Court. 
B) U.S. Court of Federal Claims. 
C) U.S. Supreme Court. 
D) U.S. Court of Appeals. 
E) None of the above. 
A) U.S. Tax Court. 
B) U.S. Court of Federal Claims. 
C) U.S. Supreme Court. 
D) U.S. Court of Appeals. 
E) None of the above.

Question 12

A Revenue Ruling is a legislative source of Federal tax law.

Accepted Answer

A) True 
 B)False

Question 13

Regulations are arranged in a different sequence than the Internal Revenue Code.

Accepted Answer

A) True 
 B)False

Question 14

Revenue Rulings carry the same legal force and effect as Regulations.

Accepted Answer

A) True 
 B)False

Taxpayers may look at Committee Reports to determine the intent of Congress.

Revenue Procedures deal with the internal management practices and procedures of the IRS.

Which court decision is generally more authoritative?

Which trial court decision is generally less authoritative?

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

What is the value of Actions on Decisions to a tax researcher?

Which of these notations would appear after a U.S. Tax Court citation if the IRS disagrees with the decision?

A U.S. District Court must abide by the precedents set by the U.S. Court of Appeals of its jurisdiction.

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

A Technical Advice Memorandum is issued by:

Which trial court normally has 16 judges?

A Revenue Ruling is a legislative source of Federal tax law.

Regulations are arranged in a different sequence than the Internal Revenue Code.

Revenue Rulings carry the same legal force and effect as Regulations.

Corporations Introduction and Operating Rules

Corporations Special Situations

Corporations Organization and Capital Structure

Corporations Earnings Profits and Dividend Distributions

Corporations Redemptions and Liquidations

Corporations Reorganizations

Consolidated Tax Returns

Taxation of International Transactions

Partnerships Formation Operation and Basis

Partnerships Distributions Transfer of Interests and Terminations

S Corporations

Comparative Forms of Doing Business

Taxes on the Financial Statements

Exempt Entities

Multi-State Corporate Taxations

Tax Practice and Ethics

The Federal Gift and Estate Taxes

Family Tax Planning

Income Taxation of Trusts and Estates

Filters

Exam 1: Understanding and Working With the Federal Tax Law

Taxpayers may look at Committee Reports to determine the intent of Congress.

Revenue Procedures deal with the internal management practices and procedures of the IRS.

Which court decision is generally more authoritative?

Which trial court decision is generally less authoritative?

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

What is the value of Actions on Decisions to a tax researcher?

Which of these notations would appear after a U.S. Tax Court citation if the IRS disagrees with the decision?

A U.S. District Court must abide by the precedents set by the U.S. Court of Appeals of its jurisdiction.

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

A Technical Advice Memorandum is issued by:

Which trial court normally has 16 judges?

A Revenue Ruling is a legislative source of Federal tax law.

Regulations are arranged in a different sequence than the Internal Revenue Code.

Revenue Rulings carry the same legal force and effect as Regulations.

Corporations Introduction and Operating Rules

Corporations Special Situations

Corporations Organization and Capital Structure

Corporations Earnings Profits and Dividend Distributions

Corporations Redemptions and Liquidations

Corporations Reorganizations

Consolidated Tax Returns

Taxation of International Transactions

Partnerships Formation Operation and Basis

Partnerships Distributions Transfer of Interests and Terminations

S Corporations

Comparative Forms of Doing Business

Taxes on the Financial Statements

Exempt Entities

Multi-State Corporate Taxations

Tax Practice and Ethics

The Federal Gift and Estate Taxes

Family Tax Planning

Income Taxation of Trusts and Estates

Filters