Question 1

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

Question 2

When there is a direct conflict between a Code section and a treaty provision,the most recent item takes precedence.

Accepted Answer

A) True 
 B)False  True

Question 3

Subchapter P refers to the "Partners and Partnerships" section of the Code.

Accepted Answer

A) True 
 B)False

Question 4

Some Regulations are arranged in different sequence than the Code.

Accepted Answer

A) True 
 B)False

Question 5

Temporary Regulations have the same authoritative value as Finalized Regulations for 3 years.

Accepted Answer

A) True 
 B)False

Question 6

Which court decision is generally more authoritative?

Accepted Answer

A)  A U.S.Tax Court decision.
B)  Court of Federal Claims decision.
C)  District Court decision.
D)  U.S.Court of Appeals decision.
E)  U.S.Tax Court Memorandum decision.F) A) and E)
G) B) and E)

Question 7

What is the value of Actions on Decisions to a tax researcher?

Accepted Answer

Actions on Decisions tell a taxpayer the...

Question 8

Which of the following is an administrative source of tax law?

Accepted Answer

A)  Rev.Rul.2010-19.
B)  Joint Conference Committee Report.
C)  Section 12(a) of the Internal Revenue Code.
D)  All of the above.
E)  None of the above.F) B) and D)
G) B) and C)

Question 9

Regarding technical advice memoranda,which statement is incorrect?

Accepted Answer

A)  Issued by the National Office of IRS.
B)  Most often deal with a completed transaction.
C)  May be cited and used as precedent.
D)  Issued with multi-digit file numbers.
E)  None are incorrect.F) A) and B)
G) C) and D)

Question 10

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 11

Explain the Golsen doctrine.

Accepted Answer

Because the Tax Court is a national cour...

Question 12

Only one judge hears a trial in a U.S.District Court.

Accepted Answer

A) True 
 B)False

Question 13

What value is a tax citator to a tax researcher?

Accepted Answer

The use of manual citators or a computer citator search is invaluable to tax research.A citator provides the history of a case including the authority relied on (e.g. ,other judicial decisions)in reaching the result.Reviewing the references listed in the citator discloses whether the decision was appealed and,if so,with what result (e.g. ,affirmed,reversed,and remanded).It also reveals other cases with the same or similar issues and how they were decided.Thus,a citator reflects on the validity of a case and may lead to other relevant judicial material.

Question 14

Explain the function of Temporary Regulations.

Accepted Answer

Sometimes the U.S.Treasury Department is...

Question 15

The lowering of tax rates will lead to lower taxes and will achieve revenue neutrality.

Accepted Answer

A) True 
 B)False

Question 16

The adoption tax credit can be explained by social considerations.

Accepted Answer

A) True 
 B)False

Question 17

Which trial court has 16 judges?

Accepted Answer

A)  U.S.Tax Court.
B)  U.S.Court of Federal Claims.
C)  U.S.Supreme Court.
D)  U.S.Court of Appeals.
E)  None of the above.F) A) and D)
G) C) and E)

Question 18

There are two forms of fiscal policy: discretionary and automatic.

Accepted Answer

A) True 
 B)False  True

Question 19

Appeals from the Court of Federal Claims go to the U.S.Supreme Court.

Accepted Answer

A) True 
 B)False

Question 20

Which trial court's jurisdiction depends on the geographical location of the taxpayer?

Accepted Answer

A)  U.S.Tax Court.
B)  U.S.District Court.
C)  U.S.Court of Federal Claims.
D)  Small Cases Division of the Tax Court.
E)  None of the above.F) B) and C)
G) All of the above

Exam 1: Understanding and Working With the Federal Tax Law

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

Correct Answer
verified

When there is a direct conflict between a Code section and a treaty provision,the most recent item takes precedence.

Correct Answer
verified
True

Subchapter P refers to the "Partners and Partnerships" section of the Code.

Correct Answer
verified

Some Regulations are arranged in different sequence than the Code.

Correct Answer
verified

Temporary Regulations have the same authoritative value as Finalized Regulations for 3 years.

Correct Answer
verified

Which court decision is generally more authoritative?

Correct Answer
verified

What is the value of Actions on Decisions to a tax researcher?

Correct Answer
verified
Actions on Decisions tell a taxpayer the...
View Answer

Which of the following is an administrative source of tax law?

Correct Answer
verified

Regarding technical advice memoranda,which statement is incorrect?

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

Explain the Golsen doctrine.

Correct Answer
verified
Because the Tax Court is a national cour...
View Answer

Only one judge hears a trial in a U.S.District Court.

Correct Answer
verified

What value is a tax citator to a tax researcher?

Explain the function of Temporary Regulations.

Correct Answer
verified
Sometimes the U.S.Treasury Department is...
View Answer

The lowering of tax rates will lead to lower taxes and will achieve revenue neutrality.

Correct Answer
verified

The adoption tax credit can be explained by social considerations.

Correct Answer
verified

Which trial court has 16 judges?

Correct Answer
verified

There are two forms of fiscal policy: discretionary and automatic.

Correct Answer
verified
True

Appeals from the Court of Federal Claims go to the U.S.Supreme Court.

Correct Answer
verified

Which trial court's jurisdiction depends on the geographical location of the taxpayer?

Correct Answer
verified

Exam 1: Understanding and Working With the Federal Tax Law

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

Correct AnswerverifiedShow Answer

When there is a direct conflict between a Code section and a treaty provision,the most recent item takes precedence.

Correct AnswerverifiedTrue

Subchapter P refers to the "Partners and Partnerships" section of the Code.

Correct AnswerverifiedShow Answer

Some Regulations are arranged in different sequence than the Code.

Correct AnswerverifiedShow Answer

Temporary Regulations have the same authoritative value as Finalized Regulations for 3 years.

Correct AnswerverifiedShow Answer

Which court decision is generally more authoritative?

Correct AnswerverifiedShow Answer

What is the value of Actions on Decisions to a tax researcher?

Correct AnswerverifiedActions on Decisions tell a taxpayer the...View AnswerShow Answer

Which of the following is an administrative source of tax law?

Correct AnswerverifiedShow Answer

Regarding technical advice memoranda,which statement is incorrect?

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

Explain the Golsen doctrine.

Correct AnswerverifiedBecause the Tax Court is a national cour...View AnswerShow Answer

Only one judge hears a trial in a U.S.District Court.

Correct AnswerverifiedShow Answer

What value is a tax citator to a tax researcher?

Explain the function of Temporary Regulations.

Correct AnswerverifiedSometimes the U.S.Treasury Department is...View AnswerShow Answer

The lowering of tax rates will lead to lower taxes and will achieve revenue neutrality.

Correct AnswerverifiedShow Answer

The adoption tax credit can be explained by social considerations.

Correct AnswerverifiedShow Answer

Which trial court has 16 judges?

Correct AnswerverifiedShow Answer

There are two forms of fiscal policy: discretionary and automatic.

Correct AnswerverifiedTrue

Appeals from the Court of Federal Claims go to the U.S.Supreme Court.

Correct AnswerverifiedShow Answer

Which trial court's jurisdiction depends on the geographical location of the taxpayer?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
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True

Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Actions on Decisions tell a taxpayer the...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Because the Tax Court is a national cour...
View Answer

Correct Answer
verified

Correct Answer
verified
Sometimes the U.S.Treasury Department is...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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True

Correct Answer
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Correct Answer
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