Question 1

The test for whether a child qualifies for dependency status is first conducted under the qualified child requirement.

Accepted Answer

A) True 
 B)False

Question 2

Which tax source may override a Regulation section?

Accepted Answer

A)  Revenue Ruling. 
B)  Revenue Procedure. 
C)  U.S. tax treaty. 
D)  Technical Advice Memoranda. 
E)  None of the above. 
A)  Revenue Ruling. 
B)  Revenue Procedure. 
C)  U.S. tax treaty. 
D)  Technical Advice Memoranda. 
E)  None of the above.

Question 3

Which of the following journals is published by the American Institute of CPAs?

Accepted Answer

A)  Journal of Taxation. 
B)  Corporate Taxation. 
C)  Tax Law Review. 
D)  The Tax Advisor. 
E)  All of the above. 
A)  Journal of Taxation. 
B)  Corporate Taxation. 
C)  Tax Law Review. 
D)  The Tax Advisor. 
E)  All of the above.

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

A taxpayer can obtain a jury trial in the U.S.Court of Federal Claims.

Accepted Answer

A) True 
 B)False

Question 6

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)  Memorandum Tax Court 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)  Memorandum Tax Court decision. 
E)  U.S. Court of Federal Claims.

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

A particular Regulation is assumed to have received Congressional approval if the Regulation was finalized many years earlier and Congress has not amended the Code section pertaining to that Regulation.

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

The term "petitioner" is a synonym for "defendant."

Accepted Answer

A) True 
 B)False

Question 11

There is a direct conflict between a Code section adopted in 2004 and a treaty with France (signed in 2008).The Code section controls.

Accepted Answer

A) True 
 B)False

Question 12

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.

Accepted Answer

A) True 
 B)False

Question 13

The Golsen rule has been overturned by the U.S.Supreme Court.

Accepted Answer

A) True 
 B)False

Question 14

When searching on an online tax service,which approach is more frequently used?

Accepted Answer

A)  Code section approach. 
B)  Keyword approach. 
C)  Table of contents approach. 
D)  Index. 
E)  All are about the same. 
A)  Code section approach. 
B)  Keyword approach. 
C)  Table of contents approach. 
D)  Index. 
E)  All are about the same.

Question 15

Which statement is not true with respect to a Treasury Regulation?

Accepted Answer

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

Question 16

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

Question 17

Technical Advice Memoranda deal with completed transactions.

Accepted Answer

A) True 
 B)False

Question 18

Which court decision carries more weight?

Accepted Answer

A)  Federal District Court. 
B)  Fifth Circuit Court of Appeals. 
C)  Memorandum U.S. Tax Court decision. 
D)  Small Cases Division of U.S. Tax Court. 
E)  U.S. Court of Federal Claims. 
A)  Federal District Court. 
B)  Fifth Circuit Court of Appeals. 
C)  Memorandum U.S. Tax Court decision. 
D)  Small Cases Division of U.S. Tax Court. 
E)  U.S. Court of Federal Claims.

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

What are Treasury Department Regulations?

Accepted Answer

Regulations are issued by the U.S.Treasu

The test for whether a child qualifies for dependency status is first conducted under the qualified child requirement.

Which tax source may override a Regulation section?

Which of the following journals is published by the American Institute of CPAs?

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

A taxpayer can obtain a jury trial in the U.S.Court of Federal Claims.

Which court decision would probably carry more weight?

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

A particular Regulation is assumed to have received Congressional approval if the Regulation was finalized many years earlier and Congress has not amended the Code section pertaining to that Regulation.

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

The term "petitioner" is a synonym for "defendant."

There is a direct conflict between a Code section adopted in 2004 and a treaty with France (signed in 2008).The Code section controls.

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.

The Golsen rule has been overturned by the U.S.Supreme Court.

When searching on an online tax service,which approach is more frequently used?

Which statement is not true with respect to a Treasury Regulation?

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

Technical Advice Memoranda deal with completed transactions.

Which court decision carries more weight?

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

What are Treasury Department Regulations?

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: Section 1231 and Recapture Provisions

Accounting Periods and Methods

Deferred Compensation

Corporations and Partnerships

Filters

Exam 2: Working With the Tax Law

The test for whether a child qualifies for dependency status is first conducted under the qualified child requirement.

Which tax source may override a Regulation section?

Which of the following journals is published by the American Institute of CPAs?

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

A taxpayer can obtain a jury trial in the U.S.Court of Federal Claims.

Which court decision would probably carry more weight?

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

A particular Regulation is assumed to have received Congressional approval if the Regulation was finalized many years earlier and Congress has not amended the Code section pertaining to that Regulation.

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

The term "petitioner" is a synonym for "defendant."

There is a direct conflict between a Code section adopted in 2004 and a treaty with France (signed in 2008).The Code section controls.

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.

The Golsen rule has been overturned by the U.S.Supreme Court.

When searching on an online tax service,which approach is more frequently used?

Which statement is not true with respect to a Treasury Regulation?

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

Technical Advice Memoranda deal with completed transactions.

Which court decision carries more weight?

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

What are Treasury Department Regulations?

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: Section 1231 and Recapture Provisions

Accounting Periods and Methods

Deferred Compensation

Corporations and Partnerships

Filters