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Exam 2: Tax Compliance, the Irs, and Tax Authorities

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Question 61

True/False

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If a taxpayer is due a refund, she does not have to file a tax return.

A) True
B) False

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Question 62

Multiple Choice

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For which of the following tax violations is a civil penalty not imposed on taxpayers?

A) Failure to file a tax return
B) Failure to pay tax owed
C) Fraud
D) Failure to make estimated tax payments
E) None of the choices are correct.

F) C) and D)
G) B) and C)

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Question 63

Multiple Choice

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Basu received a letter from the IRS that gave him the choice of (1) paying a proposed deficiency or (2) filing a petition with the U.S. Tax Court. Basu received the:

Jeremy has a new client. He has identified a research question that relates to a transaction that the client completed several months ago. This type of research question will primarily involve:

Temporary regulations have more authoritative weight than revenue rulings.

Revenue rulings and revenue procedures are examples of primary authorities.

In researching a tax issue, Eric finds that the U.S. Circuit Court of Appeals for the Federal Circuit previously has ruled in favor of his tax position, whereas the 11 ^th Circuit (Eric's circuit)previously has ruled against his tax position. If Eric is contemplating litigating his tax position with the IRS, he should prefer to have his case first tried by the U.S. Tax Court.

Leslie made a mathematical mistake in computing her tax liability. Which audit program will likely catch Leslie's mistake?