Question 1

What value is a tax citator to a tax researcher?

Accepted Answer

The use of manual citators or a computer citator search is invaluable to tax research.A citator provides the history of a case including the authority relied on (e.g. ,other judicial decisions)in reaching the result.Reviewing the references listed in the citator discloses whether the decision was appealed and,if so,with what result (e.g. ,affirmed,reversed,and remanded).It also reveals other cases with the same or similar issues and how they were decided.Thus,a citator reflects on the validity of a case and may lead to other relevant judicial material.

Question 2

When there is a direct conflict between a Code section and a treaty provision,the most recent item takes precedence.

Accepted Answer

A) True 
 B)False  True

Question 3

There are two forms of fiscal policy: discretionary and automatic.

Accepted Answer

A) True 
 B)False  True

Question 4

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 5

Which of the following is an administrative source of tax law?

Accepted Answer

A) Rev.Rul.2010-19. 
B) Joint Conference Committee Report. 
C) Section 12(a)of the Internal Revenue Code. 
D) All of the above. 
E) None of the above. 
A) Rev.Rul.2010-19. 
B) Joint Conference Committee Report. 
C) Section 12(a)of the Internal Revenue Code. 
D) All of the above. 
E) None of the above.

Question 6

The adoption tax credit can be explained by social considerations.

Accepted Answer

A) True 
 B)False

Question 7

Which court decision is generally more authoritative?

Accepted Answer

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

Question 8

Explain the Golsen doctrine.

Accepted Answer

Because the Tax Court is a national cour

Question 9

Regarding technical advice memoranda,which statement is incorrect?

Accepted Answer

A) Issued by the National Office of IRS. 
B) Most often deal with a completed transaction. 
C) May be cited and used as precedent. 
D) Issued with multi-digit file numbers. 
E) None are incorrect. 
A) Issued by the National Office of IRS. 
B) Most often deal with a completed transaction. 
C) May be cited and used as precedent. 
D) Issued with multi-digit file numbers. 
E) None are incorrect.

Question 10

Only one judge hears a trial in a U.S.District Court.

Accepted Answer

A) True 
 B)False

Question 11

Subchapter P refers to the "Partners and Partnerships" section of the Code.

Accepted Answer

A) True 
 B)False

Question 12

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

Accepted Answer

Actions on Decisions tell a taxpayer the

Question 13

Temporary Regulations have the same authoritative value as Finalized Regulations for 3 years.

Accepted Answer

A) True 
 B)False

Question 14

Some Regulations are arranged in different sequence than the Code.

Accepted Answer

A) True 
 B)False

Question 15

A Memorandum decision of the U.S.Tax Court could be cited as:

Accepted Answer

A) T.C.Memo.1990-650. 
B) 68-1 USTC ¶ 9200. 
C) 37 AFTR 2d 456. 
D) All of the above. 
E) None of the above. 
A) T.C.Memo.1990-650. 
B) 68-1 USTC ¶ 9200. 
C) 37 AFTR 2d 456. 
D) All of the above. 
E) None of the above.

Question 16

Appeals from the Court of Federal Claims go to the U.S.Supreme Court.

Accepted Answer

A) True 
 B)False

Question 17

The lowering of tax rates will lead to lower taxes and will achieve revenue neutrality.

Accepted Answer

A) True 
 B)False

Question 18

Which trial court's jurisdiction depends on the geographical location of the taxpayer?

Accepted Answer

A) U.S.Tax Court. 
B) U.S.District Court. 
C) U.S.Court of Federal Claims. 
D) Small Cases Division of the Tax Court. 
E) None of the above. 
A) U.S.Tax Court. 
B) U.S.District Court. 
C) U.S.Court of Federal Claims. 
D) Small Cases Division of the Tax Court. 
E) None of the above.

Question 19

Which trial court 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 20

Explain the function of Temporary Regulations.

Accepted Answer

Sometimes the U.S.Treasury Department is

What value is a tax citator to a tax researcher?

When there is a direct conflict between a Code section and a treaty provision,the most recent item takes precedence.

There are two forms of fiscal policy: discretionary and automatic.

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 of the following is an administrative source of tax law?

The adoption tax credit can be explained by social considerations.

Which court decision is generally more authoritative?

Explain the Golsen doctrine.

Regarding technical advice memoranda,which statement is incorrect?

Only one judge hears a trial in a U.S.District Court.

Subchapter P refers to the "Partners and Partnerships" section of the Code.

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

Temporary Regulations have the same authoritative value as Finalized Regulations for 3 years.

Some Regulations are arranged in different sequence than the Code.

A Memorandum decision of the U.S.Tax Court could be cited as:

Appeals from the Court of Federal Claims go to the U.S.Supreme Court.

The lowering of tax rates will lead to lower taxes and will achieve revenue neutrality.

Which trial court's jurisdiction depends on the geographical location of the taxpayer?

Which trial court has 16 judges?

Explain the function of Temporary 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

Multistate Corporate Taxation

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

What value is a tax citator to a tax researcher?

When there is a direct conflict between a Code section and a treaty provision,the most recent item takes precedence.

There are two forms of fiscal policy: discretionary and automatic.

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 of the following is an administrative source of tax law?

The adoption tax credit can be explained by social considerations.

Which court decision is generally more authoritative?

Explain the Golsen doctrine.

Regarding technical advice memoranda,which statement is incorrect?

Only one judge hears a trial in a U.S.District Court.

Subchapter P refers to the "Partners and Partnerships" section of the Code.

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

Temporary Regulations have the same authoritative value as Finalized Regulations for 3 years.

Some Regulations are arranged in different sequence than the Code.

A Memorandum decision of the U.S.Tax Court could be cited as:

Appeals from the Court of Federal Claims go to the U.S.Supreme Court.

The lowering of tax rates will lead to lower taxes and will achieve revenue neutrality.

Which trial court's jurisdiction depends on the geographical location of the taxpayer?

Which trial court has 16 judges?

Explain the function of Temporary 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

Multistate Corporate Taxation

Tax Practice and Ethics

The Federal Gift and Estate Taxes

Family Tax Planning

Income Taxation of Trusts and Estates

Filters