Question 1

If any differences exist between the House- and Senate-passed versions of a tax bill, the bill is referred to:

Accepted Answer

A)  the Finance Committee 
B)  the President 
C)  the Joint Conference Committee 
D)  the Supreme Court 
A)  the Finance Committee 
B)  the President 
C)  the Joint Conference Committee 
D)  the Supreme Court C

Question 2

The 16th Amendment to the U.S. Constitution authorized the imposition of a Federal income tax.

Accepted Answer

A) True 
 B)False  True

Question 3

When a Code provision and a provision under a treaty conflict, the one adopted earlier in time generally rules.

Accepted Answer

A) True 
 B)False  False

Question 4

Treaties may expire because of a specific congressional time limitation.

Accepted Answer

A) True 
 B)False

Question 5

P.L. 107-16 is the citation for:

Accepted Answer

A)  the Conference report on the 16th public law enacted in the 107th Congress 
B)  the 16th public law enacted in the 107th Congress 
C)  a public law enacted by Congress but not signed by the President 
D)  none of the above 
A)  the Conference report on the 16th public law enacted in the 107th Congress 
B)  the 16th public law enacted in the 107th Congress 
C)  a public law enacted by Congress but not signed by the President 
D)  none of the above

Question 6

Which of the following issues is NOT addressed by tax treaties?

Accepted Answer

A)  what tax disclosures must be made by a visitor to a host country 
B)  treatment of business and investment income earned by a foreign visitor in the United States 
C)  treatment of business and investment income earned by a foreign citizen in his home country 
D)  how to compute the taxable amount in the host country 
E)  all of the above 
A)  what tax disclosures must be made by a visitor to a host country 
B)  treatment of business and investment income earned by a foreign visitor in the United States 
C)  treatment of business and investment income earned by a foreign citizen in his home country 
D)  how to compute the taxable amount in the host country 
E)  all of the above

Question 7

Statutory sources of Federal tax law come out of the legislative branch of the U.S. government.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following statements is CORRECT regarding the enactment into law of a tax bill?

Accepted Answer

A)  A tax bill must always be signed by the President to become law. 
B)  A tax law must be approved by the Treasury Department. 
C)  A tax law must either be signed into law by the President or Congress must override a presidential veto of the proposed law. 
D)  only b and c 
A)  A tax bill must always be signed by the President to become law. 
B)  A tax law must be approved by the Treasury Department. 
C)  A tax law must either be signed into law by the President or Congress must override a presidential veto of the proposed law. 
D)  only b and c

Question 9

Which of the following statements is CORRECT regarding Committee Reports?

Accepted Answer

A)  They are published in the Internal Revenue Bulletin. 
B)  They are produced by the Treasury Department. 
C)  They explain the elements of proposed tax law changes and reasons for the changes. 
D)  all of the above 
E)  only a and c 
A)  They are published in the Internal Revenue Bulletin. 
B)  They are produced by the Treasury Department. 
C)  They explain the elements of proposed tax law changes and reasons for the changes. 
D)  all of the above 
E)  only a and c

Question 10

The overriding purpose of tax treaties is to:

Accepted Answer

A)  create 'tax havens' 
B)  minimize tax liability of multinational corporations 
C)  require business taxpayers to file returns in all countries in which they operate 
D)  eliminate the 'double taxation' that a taxpayer would face if his or her income were subject to tax in both countries 
A)  create 'tax havens' 
B)  minimize tax liability of multinational corporations 
C)  require business taxpayers to file returns in all countries in which they operate 
D)  eliminate the 'double taxation' that a taxpayer would face if his or her income were subject to tax in both countries

Question 11

The current Internal Revenue Code is the:

Accepted Answer

A)  Internal Revenue Code of 2011 
B)  Internal Revenue Code of 1986 
C)  Internal Revenue Code of 1954 
D)  none of the above 
A)  Internal Revenue Code of 2011 
B)  Internal Revenue Code of 1986 
C)  Internal Revenue Code of 1954 
D)  none of the above

Question 12

Congress cannot override a Presidential veto of a tax bill.

Accepted Answer

A) True 
 B)False

Question 13

Most tax legislation begins in the House of Representatives.

Accepted Answer

A) True 
 B)False

Question 14

A "technical corrections act" is:

Accepted Answer

A)  A set of changes made by IRS to fit new tax law provisions into the Code. 
B)  An act passed by Congress to remove errors in implementing and interpreting the new provisions of a tax law. 
C)  The act which provides the effective dates for a new tax law. 
D)  None of the above. 
A)  A set of changes made by IRS to fit new tax law provisions into the Code. 
B)  An act passed by Congress to remove errors in implementing and interpreting the new provisions of a tax law. 
C)  The act which provides the effective dates for a new tax law. 
D)  None of the above.

Question 15

Describe the steps in the legislative process by which a tax bill becomes law.

Accepted Answer

Most tax legislation originates in the H

Question 16

Taxpayers who file frivolous returns are subject to a $25,000 fine.

Accepted Answer

A) True 
 B)False

Question 17

Trade or business deductions are contained in Code Section 62.

Accepted Answer

A) True 
 B)False

Question 18

As of 2011, the percentage of U.S. households who did not pay any Federal income tax was roughly:

Accepted Answer

A)  74 percent 
B)  30 percent 
C)  47 percent 
D)  All U.S. houses pay some Federal income tax. 
A)  74 percent 
B)  30 percent 
C)  47 percent 
D)  All U.S. houses pay some Federal income tax.

Question 19

In the House of Representatives, tax law changes are primarily considered by:

Accepted Answer

A)  the Finance Committee 
B)  the Joint Conference Committee 
C)  the Budget Committee 
D)  the Ways and Means Committee 
A)  the Finance Committee 
B)  the Joint Conference Committee 
C)  the Budget Committee 
D)  the Ways and Means Committee

Question 20

What is a tax protester and what types of sanctions are tax protesters subject to?

Accepted Answer

A tax protester is someone who refuses t

If any differences exist between the House- and Senate-passed versions of a tax bill, the bill is referred to:

The 16th Amendment to the U.S. Constitution authorized the imposition of a Federal income tax.

When a Code provision and a provision under a treaty conflict, the one adopted earlier in time generally rules.

Treaties may expire because of a specific congressional time limitation.

P.L. 107-16 is the citation for:

Which of the following issues is NOT addressed by tax treaties?

Statutory sources of Federal tax law come out of the legislative branch of the U.S. government.

Which of the following statements is CORRECT regarding the enactment into law of a tax bill?

Which of the following statements is CORRECT regarding Committee Reports?

The overriding purpose of tax treaties is to:

The current Internal Revenue Code is the:

Congress cannot override a Presidential veto of a tax bill.

Most tax legislation begins in the House of Representatives.

A "technical corrections act" is:

Describe the steps in the legislative process by which a tax bill becomes law.

Taxpayers who file frivolous returns are subject to a $25,000 fine.

Trade or business deductions are contained in Code Section 62.

As of 2011, the percentage of U.S. households who did not pay any Federal income tax was roughly:

In the House of Representatives, tax law changes are primarily considered by:

What is a tax protester and what types of sanctions are tax protesters subject to?

Introduction to Tax Practice and Ethics

Tax Research Methodology

Administrative Regulations and Rulings

Judicial Interpretations

Tax Services Ria Checkpoint

Tax Services Cch Intelliconnect

Tax Services Specialty and Others

Multijurisdictional and Other Research

Financial Accounting Research

Communicating Research Results

Tax Planning

Working With the Irs

Tax Practice and Administration: Sanctions, Agreements, and Disclosures

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Exam 3: Constitutional and Legislative Sources

If any differences exist between the House- and Senate-passed versions of a tax bill, the bill is referred to:

The 16th Amendment to the U.S. Constitution authorized the imposition of a Federal income tax.

When a Code provision and a provision under a treaty conflict, the one adopted earlier in time generally rules.

Treaties may expire because of a specific congressional time limitation.

P.L. 107-16 is the citation for:

Which of the following issues is NOT addressed by tax treaties?

Statutory sources of Federal tax law come out of the legislative branch of the U.S. government.

Which of the following statements is CORRECT regarding the enactment into law of a tax bill?

Which of the following statements is CORRECT regarding Committee Reports?

The overriding purpose of tax treaties is to:

The current Internal Revenue Code is the:

Congress cannot override a Presidential veto of a tax bill.

Most tax legislation begins in the House of Representatives.

A "technical corrections act" is:

Describe the steps in the legislative process by which a tax bill becomes law.

Taxpayers who file frivolous returns are subject to a $25,000 fine.

Trade or business deductions are contained in Code Section 62.

As of 2011, the percentage of U.S. households who did not pay any Federal income tax was roughly:

In the House of Representatives, tax law changes are primarily considered by:

What is a tax protester and what types of sanctions are tax protesters subject to?

Introduction to Tax Practice and Ethics

Tax Research Methodology

Administrative Regulations and Rulings

Judicial Interpretations

Tax Services Ria Checkpoint

Tax Services Cch Intelliconnect

Tax Services Specialty and Others

Multijurisdictional and Other Research

Financial Accounting Research

Communicating Research Results

Tax Planning

Working With the Irs

Tax Practice and Administration: Sanctions, Agreements, and Disclosures

Filters