Question 1

A Temporary Regulation under § 303 of the Code would be cited as follows: Temp.Reg.§ 303.

Accepted Answer

A) True 
 B)False

Question 2

What are Treasury Department Regulations?

Accepted Answer

Regulations are issued by the U.S.Treasu

Question 3

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

Question 4

Which item may not be cited as a precedent?

Accepted Answer

A) Regulations 
B) Temporary Regulations 
C) Technical Advice Memoranda 
D) U.S.District Court decision 
E) None of these 
A) Regulations 
B) Temporary Regulations 
C) Technical Advice Memoranda 
D) U.S.District Court decision 
E) None of these

Question 5

Temporary Regulations are only published in the Internal Revenue Bulletin.

Accepted Answer

A) True 
 B)False

Question 6

Which is a primary source of tax law?

Accepted Answer

A) Serverino R.Nico, Jr., 67 T.C.647 (1977). 
B) Article by a Federal judge in Tax Notes. 
C) An IRS publication. 
D) Written determination letter. 
E) All of these are primary sources. 
A) Serverino R.Nico, Jr., 67 T.C.647 (1977). 
B) Article by a Federal judge in Tax Notes. 
C) An IRS publication. 
D) Written determination letter. 
E) All of these are primary sources.

Question 7

Technical Advice Memoranda may not be cited as precedents by taxpayers.

Accepted Answer

A) True 
 B)False

Question 8

How do treaties fit within tax sources?

Accepted Answer

The U.S signs certain tax treaties (some

Question 9

Subtitle A of the Internal Revenue Code covers which of the following taxes?

Accepted Answer

A) Income taxes 
B) Estate and gift taxes 
C) Excise taxes 
D) Employment taxes 
E) All of these 
A) Income taxes 
B) Estate and gift taxes 
C) Excise taxes 
D) Employment taxes 
E) All of these

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

The U.S.Tax Court meets most often in Washington, D.C.

Accepted Answer

A) True 
 B)False

Question 13

There are 11 geographic U.S.Circuit Court of Appeals.

Accepted Answer

A) True 
 B)False

Question 14

A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S.District Court.

Accepted Answer

A) True 
 B)False

Question 15

Which statement is not true with respect to a Regulation that interprets the tax law?

Accepted Answer

A) Issued by the U.S.Congress. 
B) Issued by the U.S.Treasury Department. 
C) Designed to provide an interpretation of the tax law. 
D) Carries more legal force than a Revenue Ruling. 
E) All of these statements are true. 
A) Issued by the U.S.Congress. 
B) Issued by the U.S.Treasury Department. 
C) Designed to provide an interpretation of the tax law. 
D) Carries more legal force than a Revenue Ruling. 
E) All of these statements are true.

Question 16

Three judges will normally hear each U.S.Tax Court case.

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

Which of these is not a correct citation to the Internal Revenue Code?

Accepted Answer

A) Section 211 
B) Section 1222(1) 
C) Section 2(a)(1)(
A)  
D) Section 280B 
E) All of these are correct cites. 
A) Section 211 
B) Section 1222(1) 
C) Section 2(a)(1)(
A)  
D) Section 280B 
E) All of these are correct cites.

Question 19

Which publisher offers the United States Tax Reporter?

Accepted Answer

A) Research Institute of America (Thomson Reuters) 
B) Commerce Clearing House 
C) LexisNexis 
D) Tax Analysts 
E) None of these 
A) Research Institute of America (Thomson Reuters) 
B) Commerce Clearing House 
C) LexisNexis 
D) Tax Analysts 
E) None of these

Question 20

The IRS issues an acquiescence or nonacquiescence only for regular Tax Court decisions.

Accepted Answer

A) True 
 B)False

A Temporary Regulation under § 303 of the Code would be cited as follows: Temp.Reg.§ 303.

What are Treasury Department Regulations?

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

Which item may not be cited as a precedent?

Temporary Regulations are only published in the Internal Revenue Bulletin.

Which is a primary source of tax law?

Technical Advice Memoranda may not be cited as precedents by taxpayers.

How do treaties fit within tax sources?

Subtitle A of the Internal Revenue Code covers which of the following taxes?

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

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

The U.S.Tax Court meets most often in Washington, D.C.

There are 11 geographic U.S.Circuit Court of Appeals.

A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S.District Court.

Which statement is not true with respect to a Regulation that interprets the tax law?

Three judges will normally hear each U.S.Tax Court case.

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

Which of these is not a correct citation to the Internal Revenue Code?

Which publisher offers the United States Tax Reporter?

The IRS issues an acquiescence or nonacquiescence only for regular Tax Court decisions.

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, Section 1231, and Recapture Provisions

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

A Temporary Regulation under § 303 of the Code would be cited as follows: Temp.Reg.§ 303.

What are Treasury Department Regulations?

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

Which item may not be cited as a precedent?

Temporary Regulations are only published in the Internal Revenue Bulletin.

Which is a primary source of tax law?

Technical Advice Memoranda may not be cited as precedents by taxpayers.

How do treaties fit within tax sources?

Subtitle A of the Internal Revenue Code covers which of the following taxes?

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

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

The U.S.Tax Court meets most often in Washington, D.C.

There are 11 geographic U.S.Circuit Court of Appeals.

A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S.District Court.

Which statement is not true with respect to a Regulation that interprets the tax law?

Three judges will normally hear each U.S.Tax Court case.

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

Which of these is not a correct citation to the Internal Revenue Code?

Which publisher offers the United States Tax Reporter?

The IRS issues an acquiescence or nonacquiescence only for regular Tax Court decisions.

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, Section 1231, and Recapture Provisions

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