Question 1

Which of the following indicates that a decision has precedential value for future cases?

Accepted Answer

A)   Stare decisis
B)   Golsen doctrine
C)   En banc
D)   Reenactment doctrine
E)   None of theseF) A) and B)
G) A) and D)

Question 2

Federal tax legislation generally originates in which of the following?

Accepted Answer

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

Question 3

The Index to Federal Tax Articles published by Thomson Reuters) is available electronically.

Accepted Answer

A) True 
 B)False

Question 4

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.F) A) and E)
G) C) and D)

Question 5

Which statement is not true with respect to a Regulation that interprets the tax law?

Accepted Answer

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

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

Technical Advice Memoranda may not be cited as precedents by taxpayers.

Accepted Answer

A) True 
 B)False

Question 8

Three judges will normally hear each U.S. Tax Court case.

Accepted Answer

A) True 
 B)False

Question 9

Which is not a primary source of tax law?

Accepted Answer

A)   Notice 89-99, 1989-2 C.B. 422.
B)   Estate of Harry Holmes v. Comm., 326 U.S. 480 1946) .
C)   Rev. Rul. 79-353, 1979-2 C.B. 325.
D)   Prop. Reg. § 1.752-4Tf) .
E)   All of these are primary sources.F) None of the above
G) A) and C)

Question 10

Tax research involves which of the following procedures:

Accepted Answer

A)   Identifying and refining the problem.
B)   Locating the appropriate tax law sources.
C)   Assessing the validity of the tax law sources.
D)   Follow-up.
E)   All of these.F) C) and E)
G) A) and E)

Question 11

Revenue Rulings issued by the National Office of the IRS carry the same legal force and effect as Regulations.

Accepted Answer

A) True 
 B)False

Question 12

A taxpayer should always minimize his or her tax liability.

Accepted Answer

A) True 
 B)False

Question 13

Which items tell taxpayers the IRS's reaction to certain court decisions?

Accepted Answer

A)   Notices
B)   Revenue Procedures
C)   Revenue Rulings
D)   Actions on Decisions
E)   Legislative RegulationsF) D) and E)
G) A) and E)

Question 14

Which publisher offers the Standard Federal Tax Reporter?

Accepted Answer

A)   Research Institute of America
B)   Commerce Clearing House
C)   Thomson Reuters
D)   LexisNexis
E)   None of theseF) A) and B)
G) A) and C)

Question 15

Post-1984 letter rulings may be substantial authority for purposes of the accuracy-related penalty in § 6662.

Accepted Answer

A) True 
 B)False

Question 16

Which publisher offers the United States Tax Reporter?

Accepted Answer

A)   Research Institute of America Thomson Reuters) 
B)   Commerce Clearing House
C)   LexisNexis
D)   Tax Analysts
E)   None of theseF) C) and D)
G) A) and D)

Question 17

A U.S. District Court is considered the lowest trial court.

Accepted Answer

A) True 
 B)False

Question 18

In § 2121) , the number 1)  stands for the:

Accepted Answer

A)   Section number.
B)   Subsection number.
C)   Paragraph designation.
D)   Subparagraph designation.
E)   None of these.F) A) and B)
G) D) and E)

Question 19

A tax professional need not worry about the relative weight of authority within the various tax law sources.

Accepted Answer

A) True 
 B)False

Question 20

What are Treasury Department Regulations?

Accepted Answer

Regulations are issued by the U.S. Treas...

Exam 2: Working With the Tax Law

Federal tax legislation generally originates in which of the following?

Correct AnswerverifiedShow Answer

Which publisher offers the United States Tax Reporter?

Correct AnswerverifiedShow Answer

Which is not a primary source of tax law?

Correct AnswerverifiedShow Answer

The Index to Federal Tax Articles published by Thomson Reuters) is available electronically.

Correct AnswerverifiedShow Answer

Tax research involves which of the following procedures:

Correct AnswerverifiedShow Answer

Revenue Rulings issued by the National Office of the IRS carry the same legal force and effect as Regulations.

Correct AnswerverifiedShow Answer

Three judges will normally hear each U.S. Tax Court case.

Correct AnswerverifiedShow Answer

Which of the following indicates that a decision has precedential value for future cases?

Correct AnswerverifiedShow Answer

Post-1984 letter rulings may be substantial authority for purposes of the accuracy-related penalty in § 6662.

Correct AnswerverifiedShow Answer

Which statement is not true with respect to a Regulation that interprets the tax law?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

A U.S. District Court is considered the lowest trial court.

Correct AnswerverifiedShow Answer

Which publisher offers the Standard Federal Tax Reporter?

Correct AnswerverifiedShow Answer

A tax professional need not worry about the relative weight of authority within the various tax law sources.

Correct AnswerverifiedShow Answer

Which items tell taxpayers the IRS's reaction to certain court decisions?

Correct AnswerverifiedShow Answer

What are Treasury Department Regulations?

Correct AnswerverifiedRegulations are issued by the U.S. Treas...View AnswerShow Answer

Technical Advice Memoranda may not be cited as precedents by taxpayers.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

In § 2121) , the number 1) stands for the:

Correct AnswerverifiedShow Answer

A taxpayer should always minimize his or her tax liability.

Correct AnswerverifiedShow Answer

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Regulations are issued by the U.S. Treas...
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