Question 1

A taxpayer who loses in a U.S. District Court may appeal directly to the:

Accepted Answer

A)   U.S. Supreme Court.
B)   U.S. Tax Court.
C)   U.S. Court of Federal Claims.
D)   U.S. Circuit Court of Appeals.
E)   All of these.F) A) and E)
G) C) and E)

Question 2

Which of the following sources has the highest tax validity?

Accepted Answer

A)   Revenue Ruling
B)   Revenue Procedure
C)   Regulations
D)   Internal Revenue Code section
E)   None of theseF) D) and E)
G) B) and C)

Question 3

Electronic online) databases are most frequently searched by the keyword approach.

Accepted Answer

A) True 
 B)False

Question 4

A letter ruling applies only to the taxpayer who asks for and obtains a letter ruling.

Accepted Answer

A) True 
 B)False

Question 5

A taxpayer can obtain a jury trial in the U.S. Tax Court.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following court decisions carries more weight?

Accepted Answer

A)   Federal District Court
B)   Second Circuit Court of Appeals
C)   U.S. Tax Court decision
D)   Small Cases Division of U.S. Tax Court
E)   U.S. Court of Federal ClaimsF) A) and B)
G) B) and E)

Question 7

Deferring income to a subsequent year is considered to be tax avoidance.

Accepted Answer

A) True 
 B)False

Question 8

Compare Revenue Rulings with Revenue Procedures.

Accepted Answer

Revenue Rulings are official pronounceme...

Question 9

A jury trial is available in the following trial court:

Accepted Answer

A)   U.S. Tax Court.
B)   U.S. Court of Federal Claims.
C)   U.S. District Court.
D)   U.S. Circuit Court of Appeals.
E)   None of these.F) C) and D)
G) A) and B)

Question 10

A "Bluebook" is substantial authority for purposes of the accuracy related penalty.

Accepted Answer

A) True 
 B)False  True

Question 11

The Tax Cuts and Jobs Act of 2017 became part of the Internal Revenue Code of 1986.

Accepted Answer

A) True 
 B)False  True

Question 12

Which citation refers to a U.S. Tax Court decision?

Accepted Answer

A)   Apollo Computer, Inc. v. U.S., 95-1 USTC ¶50,015 Fed.Cl., 1994) 
B)   Westreco, Inc., T.C. Memo. 1992-561 1992) .
C)   Bausch & Lomb, Inc. v. Comm., 933 F.2d 1084 CA-2, 1991) .
D)   Portland Manufacturing Co. v. Comm., 35 AFTR2d 1439 CA-9, 1975) .
E)   None of the above.F) All of the above
G) A) and D)

Question 13

Interpret the following citation: 64-1 USTC ¶9618, aff'd in 344 F.2d 966.

Accepted Answer

A)   A U.S. Tax Court Small Cases Division decision that was affirmed on appeal.
B)   A U.S. Tax Court decision that was affirmed on appeal.
C)   A U.S. District Court decision that was affirmed on appeal.
D)   A U.S. Circuit Court of Appeals decision that was affirmed on appeal.
E)   None of the above.F) A) and B)
G) A) and D)

Question 14

Memorandum decision of the U.S. Tax Court could be cited as:

Accepted Answer

A)   T.C. Memo. 1990-650.
B)   68-1 USTC ¶9200.
C)   37 AFTR.2d 456.
D)   All of the above.
E)   None of the above.F) A) and E)
G) B) and D)

Question 15

If a taxpayer decides not to pay a tax deficiency, he or she must go to which court?

Accepted Answer

A)   Appropriate U.S. Circuit Court of Appeals
B)   U.S. District Court
C)   U.S. Tax Court
D)   U.S. Court of Federal Claims
E)   None of theseF) A) and B)
G) B) and D)

Question 16

In addressing the importance of a Regulation, an IRS agent must:

Accepted Answer

A)   Give equal weight to the Internal Revenue Code and the Regulations.
B)   Give more weight to the Internal Revenue Code rather than to a Regulation.
C)   Give more weight to the Regulation rather than to the Internal Revenue Code.
D)   Give less weight to the Internal Revenue Code rather than to a Regulation.
E)   None of these.F) A) and D)
G) C) and E)

Question 17

The IRS is not required to make a letter ruling public.

Accepted Answer

A) True 
 B)False

Question 18

A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S. District Court.

Accepted Answer

A) True 
 B)False

Question 19

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 theseF) All of the above
G) A) and B)

Question 20

Discuss the advantages and disadvantages of the Small Cases Division of the U.S. Tax Court.

Accepted Answer

There is no appeal from the Small Cases Division. The jurisdiction of the Small Cases Division is limited to cases involving amounts of $50,000 or less. The proceedings of the Small Cases Division are informal e.g., no necessity for the taxpayer to be represented by a lawyer or other tax adviser). Special trial judges rather than Tax Court judges preside over these proceedings. The decisions of the Small Cases Division are not precedents for any other court decision and are not reviewable by any higher court. Proceedings can be more timely and less expensive in the Small Cases Division. Some of these cases can now be found on the U.S. Tax Court Internet Website.

Exam 2: Working With the Tax Law

A taxpayer who loses in a U.S. District Court may appeal directly to the:

Correct Answer
verified

Which of the following sources has the highest tax validity?

Correct Answer
verified

Electronic online) databases are most frequently searched by the keyword approach.

Correct Answer
verified

A letter ruling applies only to the taxpayer who asks for and obtains a letter ruling.

Correct Answer
verified

A taxpayer can obtain a jury trial in the U.S. Tax Court.

Correct Answer
verified

Which of the following court decisions carries more weight?

Correct Answer
verified

Deferring income to a subsequent year is considered to be tax avoidance.

Correct Answer
verified

Compare Revenue Rulings with Revenue Procedures.

Correct Answer
verified
Revenue Rulings are official pronounceme...
View Answer

A jury trial is available in the following trial court:

Correct Answer
verified

A "Bluebook" is substantial authority for purposes of the accuracy related penalty.

Correct Answer
verified
True

The Tax Cuts and Jobs Act of 2017 became part of the Internal Revenue Code of 1986.

Correct Answer
verified
True

Which citation refers to a U.S. Tax Court decision?

Correct Answer
verified

Interpret the following citation: 64-1 USTC ¶9618, aff'd in 344 F.2d 966.

Correct Answer
verified

Memorandum decision of the U.S. Tax Court could be cited as:

Correct Answer
verified

If a taxpayer decides not to pay a tax deficiency, he or she must go to which court?

Correct Answer
verified

In addressing the importance of a Regulation, an IRS agent must:

Correct Answer
verified

The IRS is not required to make a letter ruling public.

Correct Answer
verified

A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S. District Court.

Correct Answer
verified

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

Correct Answer
verified

Discuss the advantages and disadvantages of the Small Cases Division of the U.S. Tax Court.

Exam 2: Working With the Tax Law

A taxpayer who loses in a U.S. District Court may appeal directly to the:

Correct AnswerverifiedShow Answer

Which of the following sources has the highest tax validity?

Correct AnswerverifiedShow Answer

Electronic online) databases are most frequently searched by the keyword approach.

Correct AnswerverifiedShow Answer

A letter ruling applies only to the taxpayer who asks for and obtains a letter ruling.

Correct AnswerverifiedShow Answer

A taxpayer can obtain a jury trial in the U.S. Tax Court.

Correct AnswerverifiedShow Answer

Which of the following court decisions carries more weight?

Correct AnswerverifiedShow Answer

Deferring income to a subsequent year is considered to be tax avoidance.

Correct AnswerverifiedShow Answer

Compare Revenue Rulings with Revenue Procedures.

Correct AnswerverifiedRevenue Rulings are official pronounceme...View AnswerShow Answer

A jury trial is available in the following trial court:

Correct AnswerverifiedShow Answer

A "Bluebook" is substantial authority for purposes of the accuracy related penalty.

Correct AnswerverifiedTrue

The Tax Cuts and Jobs Act of 2017 became part of the Internal Revenue Code of 1986.

Correct AnswerverifiedTrue

Which citation refers to a U.S. Tax Court decision?

Correct AnswerverifiedShow Answer

Interpret the following citation: 64-1 USTC ¶9618, aff'd in 344 F.2d 966.

Correct AnswerverifiedShow Answer

Memorandum decision of the U.S. Tax Court could be cited as:

Correct AnswerverifiedShow Answer

If a taxpayer decides not to pay a tax deficiency, he or she must go to which court?

Correct AnswerverifiedShow Answer

In addressing the importance of a Regulation, an IRS agent must:

Correct AnswerverifiedShow Answer

The IRS is not required to make a letter ruling public.

Correct AnswerverifiedShow Answer

A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S. District Court.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Discuss the advantages and disadvantages of the Small Cases Division of the U.S. Tax Court.

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified
Revenue Rulings are official pronounceme...
View Answer

Correct Answer
verified

Correct Answer
verified
True

Correct Answer
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True

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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