Question 1

Subchapter D refers to the "Corporate Distributions and Adjustments" section of the Internal Revenue Code.

Accepted Answer

A) True 
 B)False

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 the above. 
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 the above.

Question 3

The research process should always begin with a tax service.

Accepted Answer

A) True 
 B)False

Question 4

Distinguish between the jurisdiction of the U.S.Tax Court and a U.S.District Court.

Accepted Answer

The U.S.Tax Court hears only tax cases a

Question 5

The Index to Federal Tax Articles published by Thomson Reuters) is available electronically.

Accepted Answer

A) True 
 B)False

Question 6

Arizona is in the jurisdiction of the Eighth Circuit Court of Appeals.

Accepted Answer

A) True 
 B)False

Question 7

Technical Advice Memoranda deal with completed transactions.

Accepted Answer

A) True 
 B)False

Question 8

Temporary Regulations are only published in the Internal Revenue Bulletin.

Accepted Answer

A) True 
 B)False

Question 9

Texas is in the jurisdiction of the Second Circuit Court of Appeals.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

Which citation refers to a U.S.Tax Court decision?

Accepted Answer

A) Apollo Computer, Inc.v.U.S., 95-1 USTC ¶50,015 Fed.Cl., 1994) 
B) Westreco, Inc., T.C.Memo.1992-561 1992). 
C) Bausch & Lomb, Inc.v.Comm., 933 F.2d 1084 CA-2, 1991). 
D) Portland Manufacturing Co.v.Comm., 35 AFTR2d 1439 CA-9, 1975). 
E) None of the above. 
A) Apollo Computer, Inc.v.U.S., 95-1 USTC ¶50,015 Fed.Cl., 1994) 
B) Westreco, Inc., T.C.Memo.1992-561 1992). 
C) Bausch & Lomb, Inc.v.Comm., 933 F.2d 1084 CA-2, 1991). 
D) Portland Manufacturing Co.v.Comm., 35 AFTR2d 1439 CA-9, 1975). 
E) None of the above.

Question 12

In a U.S.District Court, a jury can decide both questions of fact and questions of law.

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

The IRS is not required to make a letter ruling public.

Accepted Answer

A) True 
 B)False

Question 15

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 Claims 
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 Claims

Question 16

Revenue Rulings are first published in the Internal Revenue Bulletin.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following statements about a nonacquiescence is correct?

Accepted Answer

A) A nonacquiescence is issued in the Federal Registrar. 
B) Nonacquiescences are published only for certain regular decisions of the U.S.Tax Court. 
C) A nonacquiescence in published in the Internal Revenue Bulletin. 
D) The IRS does not issue nonacquiescences to adverse decisions that are not appealed. 
E) All of the above are correct. 
A) A nonacquiescence is issued in the Federal Registrar. 
B) Nonacquiescences are published only for certain regular decisions of the U.S.Tax Court. 
C) A nonacquiescence in published in the Internal Revenue Bulletin. 
D) The IRS does not issue nonacquiescences to adverse decisions that are not appealed. 
E) All of the above are correct.

Question 18

Which of the following is not an administrative source of tax law?

Accepted Answer

A) Field Service Advice 
B) Revenue Procedure 
C) Technical Advice Memoranda 
D) General Counsel Memorandum 
E) All of these are administrative sources. 
A) Field Service Advice 
B) Revenue Procedure 
C) Technical Advice Memoranda 
D) General Counsel Memorandum 
E) All of these are administrative sources.

Question 19

Revenue Rulings issued by the National Office of the IRS carry the same legal force and effect as Regulations.

Accepted Answer

A) True 
 B)False

Question 20

If a taxpayer decides not to pay a tax deficiency, he or she must go to which court?

Accepted Answer

A) Appropriate U.S.Circuit Court of Appeals 
B) U.S.District Court 
C) U.S.Tax Court 
D) U.S.Court of Federal Claims 
E) None of these 
A) Appropriate U.S.Circuit Court of Appeals 
B) U.S.District Court 
C) U.S.Tax Court 
D) U.S.Court of Federal Claims 
E) None of these

Subchapter D refers to the "Corporate Distributions and Adjustments" section of the Internal Revenue Code.

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

The research process should always begin with a tax service.

Distinguish between the jurisdiction of the U.S.Tax Court and a U.S.District Court.

The Index to Federal Tax Articles published by Thomson Reuters) is available electronically.

Arizona is in the jurisdiction of the Eighth Circuit Court of Appeals.

Technical Advice Memoranda deal with completed transactions.

Temporary Regulations are only published in the Internal Revenue Bulletin.

Texas is in the jurisdiction of the Second Circuit Court of Appeals.

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

Which citation refers to a U.S.Tax Court decision?

In a U.S.District Court, a jury can decide both questions of fact and questions of law.

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

The IRS is not required to make a letter ruling public.

Which court decision would probably carry more weight?

Revenue Rulings are first published in the Internal Revenue Bulletin.

Which of the following statements about a nonacquiescence is correct?

Which of the following is not an administrative source of tax law?

Revenue Rulings issued by the National Office of the IRS carry the same legal force and effect as Regulations.

If a taxpayer decides not to pay a tax deficiency, he or she must go to which court?

Introduction to Taxation

Taxes on the Financial Statements

Gross Income

Business Deductions

Losses and Loss Limitations

Property Transactions: Basis, Gain and Loss, and Nontaxable Exchanges

Property Transactions: Capital Gains and Losses

Individuals As the Taxpayer

Individuals: Income, Deductions, and Credits

Individuals As Employees and Proprietors

Corporations: Organization, Capital Structure, and Operating Rules

Corporations: Earnings and Profits and Distributions

Partnerships and Limited Liability Entities

S Corporations

Multijurisdictional Taxation

Business Tax Credits and the Alternative Minimum Tax

Comparative Forms of Doing Business

Filters

Exam 2: Working With the Tax Law

Subchapter D refers to the "Corporate Distributions and Adjustments" section of the Internal Revenue Code.

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

The research process should always begin with a tax service.

Distinguish between the jurisdiction of the U.S.Tax Court and a U.S.District Court.

The Index to Federal Tax Articles published by Thomson Reuters) is available electronically.

Arizona is in the jurisdiction of the Eighth Circuit Court of Appeals.

Technical Advice Memoranda deal with completed transactions.

Temporary Regulations are only published in the Internal Revenue Bulletin.

Texas is in the jurisdiction of the Second Circuit Court of Appeals.

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

Which citation refers to a U.S.Tax Court decision?

In a U.S.District Court, a jury can decide both questions of fact and questions of law.

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

The IRS is not required to make a letter ruling public.

Which court decision would probably carry more weight?

Revenue Rulings are first published in the Internal Revenue Bulletin.

Which of the following statements about a nonacquiescence is correct?

Which of the following is not an administrative source of tax law?

Revenue Rulings issued by the National Office of the IRS carry the same legal force and effect as Regulations.

If a taxpayer decides not to pay a tax deficiency, he or she must go to which court?

Introduction to Taxation

Taxes on the Financial Statements

Gross Income

Business Deductions

Losses and Loss Limitations

Property Transactions: Basis, Gain and Loss, and Nontaxable Exchanges

Property Transactions: Capital Gains and Losses

Individuals As the Taxpayer

Individuals: Income, Deductions, and Credits

Individuals As Employees and Proprietors

Corporations: Organization, Capital Structure, and Operating Rules

Corporations: Earnings and Profits and Distributions

Partnerships and Limited Liability Entities

S Corporations

Multijurisdictional Taxation

Business Tax Credits and the Alternative Minimum Tax

Comparative Forms of Doing Business

Filters