Question 1

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

Accepted Answer

A) True 
 B)False  False

Question 2

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. E

Question 3

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

Accepted Answer

A) True 
 B)False  False

Question 4

In addressing the importance of a Regulation,an IRS agent must:

Accepted Answer

A) Give equal weight to the Code and the Regulations. 
B) Give more weight to the Code rather than to a Regulation. 
C) Give more weight to the Regulation rather than to the Code. 
D) Give less weight to the Code rather than to a Regulation. 
E) None of these. 
A) Give equal weight to the Code and the Regulations. 
B) Give more weight to the Code rather than to a Regulation. 
C) Give more weight to the Regulation rather than to the Code. 
D) Give less weight to the Code rather than to a Regulation. 
E) None of these.

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

A letter ruling applies only to the taxpayer who asks for and obtains a letter ruling.

Accepted Answer

A) True 
 B)False

Question 8

The Internal Revenue Code was first codified in what year?

Accepted Answer

A) 1913 
B) 1923 
C) 1939 
D) 1954 
E) 1986 
A) 1913 
B) 1923 
C) 1939 
D) 1954 
E) 1986

Question 9

Which company does not publish citators for tax purposes?

Accepted Answer

A) John Wiley & Sons 
B) Commerce Clearing House 
C) Research Institute of America 
D) Westlaw 
E) Shepard's 
A) John Wiley & Sons 
B) Commerce Clearing House 
C) Research Institute of America 
D) Westlaw 
E) Shepard's

Question 10

Compare Revenue Rulings with Revenue Procedures.

Accepted Answer

Revenue Rulings are official pronounceme

Question 11

How can Congressional Committee Reports be used by a tax researcher?

Accepted Answer

Congressional Committee Reports often ex

Question 12

How do treaties fit within tax sources?

Accepted Answer

The U.S signs certain tax treaties (some

Question 13

Federal tax legislation generally originates in what body?

Accepted Answer

A) Internal Revenue Service 
B) Senate Finance Committee 
C) House Ways and Means Committee 
D) Senate Floor 
E) None of these 
A) Internal Revenue Service 
B) Senate Finance Committee 
C) House Ways and Means Committee 
D) Senate Floor 
E) None of these

Question 14

Which is presently not a major tax service?

Accepted Answer

A) Standard Federal Tax Reporter 
B) Federal Taxes 
C) United States Tax Reporter 
D) Tax Management Portfolios 
E) All of these are major tax services 
A) Standard Federal Tax Reporter 
B) Federal Taxes 
C) United States Tax Reporter 
D) Tax Management Portfolios 
E) All of these are major tax services

Question 15

A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S.Court of Federal Claims.Only in the Tax Court can jurisdiction be obtained without first paying the assessed tax deficiency.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

Which tax-related website probably gives the best policy-orientation results?

Accepted Answer

A) taxalmanac.org. 
B) irs.gov. 
C) taxsites.com. 
D) taxanalysts.com. 
E) ustaxcourt.gov. 
A) taxalmanac.org. 
B) irs.gov. 
C) taxsites.com. 
D) taxanalysts.com. 
E) ustaxcourt.gov.

Question 18

A taxpayer can obtain a jury trial in the U.S.Tax Court.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

There is a direct conflict between a Code section adopted in 2008 and a treaty with France (signed in 2012).The Code section controls.

Accepted Answer

A) True 
 B)False

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

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

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

In addressing the importance of a Regulation,an IRS agent must:

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

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

A letter ruling applies only to the taxpayer who asks for and obtains a letter ruling.

The Internal Revenue Code was first codified in what year?

Which company does not publish citators for tax purposes?

Compare Revenue Rulings with Revenue Procedures.

How can Congressional Committee Reports be used by a tax researcher?

How do treaties fit within tax sources?

Federal tax legislation generally originates in what body?

Which is presently not a major tax service?

A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S.Court of Federal Claims.Only in the Tax Court can jurisdiction be obtained without first paying the assessed tax deficiency.

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

Which tax-related website probably gives the best policy-orientation results?

A taxpayer can obtain a jury trial in the U.S.Tax Court.

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

There is a direct conflict between a Code section adopted in 2008 and a treaty with France (signed in 2012).The Code section controls.

An Introduction to Taxation and Understanding the Federal Tax Law

Tax Formula and Tax Determination;an Overview of Property Transactions

Gross Income: Concepts and Inclusions

Gross Income: Exclusions

Deductions and Losses: in General

Deductions and Losses: Certain Business Expenses and Losses

Depreciation, cost Recovery, amortization, and Depletion

Deductions: Employee and Self-Employed-Related Expenses

Deductions and Losses: Certain Itemized Deductions

Investor Losses

Alternative Minimum Tax

Tax Credits and Payment Procedures

Property Transactions: Determination of Gain or Loss and Basis Considerations

Property Transactions: Nontaxable Exchanges

Property Transactions: Capital Gains and Losses

Property Transactions: 1231 and Recapture Provisions

Accounting Periods and Methods

Deferred Compensation

Corporations and Partnerships

Filters

Exam 2: Working With the Tax Law

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

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

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

In addressing the importance of a Regulation,an IRS agent must:

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

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

A letter ruling applies only to the taxpayer who asks for and obtains a letter ruling.

The Internal Revenue Code was first codified in what year?

Which company does not publish citators for tax purposes?

Compare Revenue Rulings with Revenue Procedures.

How can Congressional Committee Reports be used by a tax researcher?

How do treaties fit within tax sources?

Federal tax legislation generally originates in what body?

Which is presently not a major tax service?

A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S.Court of Federal Claims.Only in the Tax Court can jurisdiction be obtained without first paying the assessed tax deficiency.

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

Which tax-related website probably gives the best policy-orientation results?

A taxpayer can obtain a jury trial in the U.S.Tax Court.

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

There is a direct conflict between a Code section adopted in 2008 and a treaty with France (signed in 2012).The Code section controls.

An Introduction to Taxation and Understanding the Federal Tax Law

Tax Formula and Tax Determination;an Overview of Property Transactions

Gross Income: Concepts and Inclusions

Gross Income: Exclusions

Deductions and Losses: in General

Deductions and Losses: Certain Business Expenses and Losses

Depreciation, cost Recovery, amortization, and Depletion

Deductions: Employee and Self-Employed-Related Expenses

Deductions and Losses: Certain Itemized Deductions

Investor Losses

Alternative Minimum Tax

Tax Credits and Payment Procedures

Property Transactions: Determination of Gain or Loss and Basis Considerations

Property Transactions: Nontaxable Exchanges

Property Transactions: Capital Gains and Losses

Property Transactions: 1231 and Recapture Provisions

Accounting Periods and Methods

Deferred Compensation

Corporations and Partnerships

Filters