Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

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 the above.F) All of the above
G) C) and D)

Question 3

What statement is not true with respect to Temporary Regulations?

Accepted Answer

A)  May not be cited as precedent.
B)  Issued as Proposed Regulations.
C)  Automatically expire within three years after the date of issuance.
D)  Found in the Federal Register.
E)  All of the above statements are true.F) All of the above
G) A) and B)

Question 4

Which company does not publish citators for tax purposes?

Accepted Answer

A)  McGraw-Hill.
B)  Commerce Clearing House.
C)  Research Institute of America.
D)  Westlaw.
E)  Shepard's.F) D) and E)
G) C) and D)

Question 5

Which of the following is not an administrative source of tax law?

Accepted Answer

A)  Reg.§ 301.6114-1.
B)  Section 2(a) (1) (
A)  .
C)  Rev.Rul.2011-19.
D)  Notice 90-20.
E)  Ltr.Rul 201008049.F) A) and E)
G) A) and B)

Question 6

What is a Technical Advice Memorandum?

Accepted Answer

The National Office of the IRS releases ...

Question 7

Electronic databases are most frequently searched by the keyword approach.

Accepted Answer

A) True 
 B)False

Question 8

Texas is in the jurisdiction of the Eighth Circuit Court of Appeals.

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

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.F) B) and C)
G) B) and E)

Question 11

Federal tax legislation generally originates in the Senate Finance Committee.

Accepted Answer

A) True 
 B)False

Question 12

Before a tax bill can become law, it must be approved by the President.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following cannot be found in the Federal Register?

Accepted Answer

A)  Regulations.
B)  Temporary Regulations.
C)  Proposed Regulations.
D)  Revenue Rulings.
E)  All of the above may be found in the Federal Register.F) A) and C)
G) A) and D)

Question 14

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 15

The IRS issues an acquiescence or nonacquiescence only for regular Tax Court decisions.

Accepted Answer

A) True 
 B)False

Question 16

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)   Temp. Reg. § 1.752-4T(f) .
E)   All of the above are primary sources.F) A) and D)
G) B) and C)

Question 17

Tax bills are handled by which committee in the U.S.House of Representatives?

Accepted Answer

A)  Taxation Committee.
B)  Ways and Means Committee.
C)  Finance Committee.
D)  Budget Committee.
E)  None of the above.F) A) and E)
G) C) and D)

Question 18

Proposed Regulations are binding on IRS agents.

Accepted Answer

A) True 
 B)False

Question 19

Temporary Regulations are only published in the Internal Revenue Bulletin.

Accepted Answer

A) True 
 B)False

Question 20

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.F) B) and E)
G) B) and C)

Exam 2: Working With the Tax Law

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

Correct AnswerverifiedShow Answer

Proposed Regulations are binding on IRS agents.

Correct AnswerverifiedShow Answer

Federal tax legislation generally originates in the Senate Finance Committee.

Correct AnswerverifiedShow Answer

Which of the following cannot be found in the Federal Register?

Correct AnswerverifiedShow Answer

The IRS issues an acquiescence or nonacquiescence only for regular Tax Court decisions.

Correct AnswerverifiedShow Answer

Which of the following is not an administrative source of tax law?

Correct AnswerverifiedShow Answer

What is a Technical Advice Memorandum?

Correct AnswerverifiedThe National Office of the IRS releases ...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

Tax research involves which of the following procedures:

Correct AnswerverifiedShow Answer

Temporary Regulations are only published in the Internal Revenue Bulletin.

Correct AnswerverifiedShow Answer

Texas is in the jurisdiction of the Eighth Circuit Court of Appeals.

Correct AnswerverifiedShow Answer

Tax bills are handled by which committee in the U.S.House of Representatives?

Correct AnswerverifiedShow Answer

Before a tax bill can become law, it must be approved by the President.

Correct AnswerverifiedShow Answer

Electronic databases are most frequently searched by the keyword approach.

Correct AnswerverifiedShow Answer

What statement is not true with respect to Temporary Regulations?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which company does not publish citators for tax purposes?

Correct AnswerverifiedShow Answer

Which is not a primary source of tax law?

Correct AnswerverifiedShow Answer

Which court decision carries more weight?

Correct AnswerverifiedShow Answer

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The National Office of the IRS releases ...
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