Question 1

Section 121(B)(2)(a)(b)(iii) would be a correct type of Code citation.

Accepted Answer

A) True 
 B)False

Question 2

The first Internal Revenue Code was:

Accepted Answer

A)  the Internal Revenue Code of 1939 
B)  the Internal Revenue Code of 1954 
C)  the Revenue Act of 1913 
D)  none of the above 
A)  the Internal Revenue Code of 1939 
B)  the Internal Revenue Code of 1954 
C)  the Revenue Act of 1913 
D)  none of the above

Question 3

The 'General Explanation' of tax legislation, called the "Blue Book," is prepared by the Joint Conference Committee.

Accepted Answer

A) True 
 B)False

Question 4

Subparagraphs are the major divisions of the Internal Revenue Code covering such broad topics as Income Taxes, and Estate and Gift Taxes.

Accepted Answer

A) True 
 B)False

Question 5

Each Congress lasts for:

Accepted Answer

A)  2 years 
B)  1 year 
C)  3 years 
D)  4 years 
A)  2 years 
B)  1 year 
C)  3 years 
D)  4 years

Question 6

Which of the following statements is INCORRECT regarding effective dates in the Internal Revenue Code:

Accepted Answer

A)  All sections of a new tax law go into effect at the same time. 
B)  New Code provisions may not go into effect immediately upon adoption by Congress. 
C)  Some effective dates can precede passage of the act. 
D)  All of the above are correct. 
A)  All sections of a new tax law go into effect at the same time. 
B)  New Code provisions may not go into effect immediately upon adoption by Congress. 
C)  Some effective dates can precede passage of the act. 
D)  All of the above are correct.

Question 7

Code Section 61 relates to:

Accepted Answer

A)  deductions for adjusted gross income 
B)  the definition of gross income 
C)  corporate tax rates 
D)  the deduction for state taxes 
A)  deductions for adjusted gross income 
B)  the definition of gross income 
C)  corporate tax rates 
D)  the deduction for state taxes

Question 8

Which of the following statements is INCORRECT regarding the reasons tax researchers may have difficulty in interpreting the Internal Revenue Code:

Accepted Answer

A)  Code sections can appear to conflict. 
B)  Definitions can be significantly different from the common use of a term. 
C)  All exceptions to a Code section are addressed within that same section. 
D)  Frequently, phrases modify percentage or dollar amounts. 
A)  Code sections can appear to conflict. 
B)  Definitions can be significantly different from the common use of a term. 
C)  All exceptions to a Code section are addressed within that same section. 
D)  Frequently, phrases modify percentage or dollar amounts.

Question 9

Which of the following is an administrative source of the Federal tax law issued by the IRS?

Accepted Answer

A)  court rulings 
B)  Internal Revenue Code 
C)  tax treaties 
D)  revenue rulings 
E)  none of the above 
A)  court rulings 
B)  Internal Revenue Code 
C)  tax treaties 
D)  revenue rulings 
E)  none of the above

Section 121(B)(2)(a)(b)(iii) would be a correct type of Code citation.

The first Internal Revenue Code was:

The 'General Explanation' of tax legislation, called the "Blue Book," is prepared by the Joint Conference Committee.

Subparagraphs are the major divisions of the Internal Revenue Code covering such broad topics as Income Taxes, and Estate and Gift Taxes.

Each Congress lasts for:

Which of the following statements is INCORRECT regarding effective dates in the Internal Revenue Code:

Code Section 61 relates to:

Which of the following statements is INCORRECT regarding the reasons tax researchers may have difficulty in interpreting the Internal Revenue Code:

Which of the following is an administrative source of the Federal tax law issued by the IRS?

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

Exam 3: Constitutional and Legislative Sources

Section 121(B)(2)(a)(b)(iii) would be a correct type of Code citation.

The first Internal Revenue Code was:

The 'General Explanation' of tax legislation, called the "Blue Book," is prepared by the Joint Conference Committee.

Subparagraphs are the major divisions of the Internal Revenue Code covering such broad topics as Income Taxes, and Estate and Gift Taxes.

Each Congress lasts for:

Which of the following statements is INCORRECT regarding effective dates in the Internal Revenue Code:

Code Section 61 relates to:

Which of the following statements is INCORRECT regarding the reasons tax researchers may have difficulty in interpreting the Internal Revenue Code:

Which of the following is an administrative source of the Federal tax law issued by the IRS?

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