Question 1

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) B) and C)
G) A) and E)

Question 2

There is a direct conflict between an Internal Revenue Code section adopted in 2010 and a treaty with France signed in 2016).The Internal Revenue Code section controls.

Accepted Answer

A) True 
 B)False

Question 3

Which Regulations have the force and effect of law?

Accepted Answer

A)  Procedural Regulations
B)  Finalized Regulations
C)  Legislative Regulations
D)  Interpretive Regulations
E)  All of theseF) D) and E)
G) A) and E)

Question 4

Which company does not publish citators for tax purposes?

Accepted Answer

A)  John Wiley & Sons
B)  Commerce Clearing House
C)  Thomson Reuters RI
A)  
D)  Westlaw
E)  Shepard'sF) B) and D)
G) All of the above

Question 5

Which of these is not a correct citation to the Internal Revenue Code?

Accepted Answer

A)  Section 211
B)  Section 12221) 
C)  Section 2a) 1) 
A)  
D)  Section 280B
E)  All of these are correct cites.F) A) and B)
G) None of the above

Question 6

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) A) and B)
G) A) and D)

Question 7

The test for whether a child qualifies for dependency status is first conducted under the qualified child requirement.

Accepted Answer

A) True 
 B)False

Question 8

How do treaties fit within tax sources?

Accepted Answer

The U.S signs certain tax treaties somet...

Question 9

Revenue tax measures typically originate in the Senate Finance Committee of the U.S.Congress.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

A researcher can find tax information on home page sites of:

Accepted Answer

A)  Governmental bodies.
B)  Tax academics.
C)  Publishers.
D)  CPA firms.
E)  All of these.F) All of the above
G) A) and E)

Question 12

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) C) and D)
G) A) and E)

Question 13

The first codification of the tax law occurred in 1954.

Accepted Answer

A) True 
 B)False

Question 14

What statement is not true with respect to Temporary Regulations?

Accepted Answer

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

Question 15

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 16

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) B) and E)
G) A) and B)

Question 17

What administrative release deals with a proposed transaction rather than a completed transaction?

Accepted Answer

A)  Letter Ruling
B)  Technical Advice Memorandum
C)  Determination Letter
D)  Field Service Advice
E)  None of theseF) B) and C)
G) A) and D)

Question 18

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 19

When searching on an electronic online)  tax service, which approach is more frequently used?

Accepted Answer

A)  Internal Revenue Code section approach
B)  Keyword approach
C)  Table of contents approach
D)  Index
E)  All are about the sameF) A) and E)
G) C) and D)

Question 20

A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S.Court of Federal Claims.Only in the Tax Court can jurisdiction be obtained without first paying the assessed tax deficiency.

Accepted Answer

A) True 
 B)False

Exam 2: Working With the Tax Law

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

Correct AnswerverifiedShow Answer

When searching on an electronic online) tax service, which approach is more frequently used?

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

A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S.Court of Federal Claims.Only in the Tax Court can jurisdiction be obtained without first paying the assessed tax deficiency.

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

Which of the following sources has the highest tax validity?

Correct AnswerverifiedShow Answer

The test for whether a child qualifies for dependency status is first conducted under the qualified child requirement.

Correct AnswerverifiedShow Answer

The first codification of the tax law occurred in 1954.

Correct AnswerverifiedShow Answer

Revenue tax measures typically originate in the Senate Finance Committee of the U.S.Congress.

Correct AnswerverifiedShow Answer

A researcher can find tax information on home page sites of:

Correct AnswerverifiedShow Answer

What administrative release deals with a proposed transaction rather than a completed transaction?

Correct AnswerverifiedShow Answer

There is a direct conflict between an Internal Revenue Code section adopted in 2010 and a treaty with France signed in 2016).The Internal Revenue Code section controls.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which Regulations have the force and effect of law?

Correct AnswerverifiedShow Answer

What statement is not true with respect to Temporary Regulations?

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Which company does not publish citators for tax purposes?

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

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How do treaties fit within tax sources?

Correct AnswerverifiedThe U.S signs certain tax treaties somet...View AnswerShow Answer

Which of these is not a correct citation to the Internal Revenue Code?

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

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The U.S signs certain tax treaties somet...
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