Exam 2: Working With the Tax Law

The granting of a Writ of Certiorari indicates that at least four members of the Supreme Court believe that an issue is of sufficient importance to be heard by the full court.

The primary purpose of effective tax planning is to reduce or defer the tax in the current tax year.

Revenue tax measures typically originate in the Senate Finance Committee of the U.S.Congress.

Tax bills are handled by which committee in the U.S.House of Representatives?

Federal tax legislation generally originates in which of the following?

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

Interpret the following citation: 64-1 USTC ¶9618, aff'd in 344 F.2d 966.

Which of the following indicates that a decision has precedential value for future cases?

The following citation is correct: Larry G.Mitchell, 131 T.C.215 (2008).

Normally, when the Senate version of a tax bill differs from that passed by the House, a Joint Conference Committee drafts a compromise tax bill.

The first codification of the tax law occurred in 1954.

Currently, the Internal Revenue Code of 1986 does not contain §§ 308, 309, and 310.This absence means these sections were repealed by Congress.

A taxpayer who loses in a U.S.District Court may appeal directly to the:

Determination letters usually involve completed transactions.

The petitioner refers to the party against whom a suit is brought.

The research process should always begin with a tax service.

Technical Advice Memoranda deal with completed transactions.

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

Subchapter C refers to the subchapter in the Internal Revenue Code that deals with partnerships and partners.

Which is not a primary source of tax law?