Question 1

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 2

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 the above.F) B) and C)
G) A) and D)

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

Which of the following types of Regulations has the highest tax validity?

Accepted Answer

A)   Temporary.
B)   Legislative.
C)   Interpretive.
D)   Procedural.
E)   None of the above.F) B) and E)
G) None of the above

Question 6

Post­1984 letter rulings may be substantial authority for purposes of the accuracy­related penalty in § 6662.

Accepted Answer

A) True 
 B)False

Question 7

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 8

The term "petitioner" is a synonym for "defendant."

Accepted Answer

A) True 
 B)False

Question 9

A taxpayer should always minimize his or her tax liability.

Accepted Answer

A) True 
 B)False

Question 10

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 the above.F) B) and E)
G) A) and B)

Question 11

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 the above.F) All of the above
G) None of the above

Question 12

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 the above.F) B) and C)
G) A) and B)

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

The IRS will not acquiesce to the following tax decisions:

Accepted Answer

A)   U.S. District Court.
B)   U.S. Tax Court.
C)   U.S. Court of Federal Claims.
D)   Small Case Division of the U.S. Tax Court.
E)   All of the above.F) A) and C)
G) A) and D)

Question 15

Rules of tax law do not include Revenue Rulings and Revenue Procedures.

Accepted Answer

A) True 
 B)False

Question 16

Which publisher offers the Standard Federal Tax Reporter?

Accepted Answer

A)   Research Institute of America.
B)   Commerce Clearing House.
C)   Prentice-Hall.
D)   LexisNexis.
E)   None of the above.F) D) and E)
G) All of the above

Question 17

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 18

Subchapter D refers to the "Corporate Distributions and Adjustments" section of the Internal Revenue Code.

Accepted Answer

A) True 
 B)False

Question 19

Tax planning usually involves a completed transaction.

Accepted Answer

A) True 
 B)False

Question 20

There is a direct conflict between a Code section adopted in 2008 and a treaty with France (signed in 2012). The Code section controls.

Accepted Answer

A) True 
 B)False

Exam 2: Working With the Tax Law

Rules of tax law do not include Revenue Rulings and Revenue Procedures.

Correct AnswerverifiedShow Answer

Which publisher offers the Standard Federal Tax Reporter?

Correct AnswerverifiedShow Answer

Which of the following types of Regulations 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

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

Correct AnswerverifiedShow Answer

There is a direct conflict between a Code section adopted in 2008 and a treaty with France (signed in 2012). The Code section controls.

Correct AnswerverifiedShow Answer

Which Regulations have the force and effect of law?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

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

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The term "petitioner" is a synonym for "defendant."

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Subchapter D refers to the "Corporate Distributions and Adjustments" section of the Internal Revenue Code.

Correct AnswerverifiedShow Answer

A taxpayer should always minimize his or her tax liability.

Correct AnswerverifiedShow Answer

Tax planning usually involves a completed transaction.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The IRS will not acquiesce to the following tax decisions:

Correct AnswerverifiedShow Answer

Post­1984 letter rulings may be substantial authority for purposes of the accuracy­related penalty in § 6662.

Correct AnswerverifiedShow Answer

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Post1984 letter rulings may be substantial authority for purposes of the accuracyrelated penalty in § 6662.

Correct Answer
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