Question 1

Which of these notations would appear after a U.S. Tax Court citation if the IRS disagrees with the decision?

Accepted Answer

A)  Rev'd 935 F.2d 203 (1991) .
B)  Nonacq. 1979-1 C.B. 1.
C)  Cert. den. 361 U.S. 875 (1959) .
D)  Acq. 1990-1 C.B. 2.
E)  None of the above.F) None of the above
G) A) and B)

Question 2

Revenue Rulings carry the same legal force and effect as Regulations.

Accepted Answer

A) True 
 B)False

Question 3

In Forty-Four Cigar Co., 2 B.T.A. 1156, the 1156 stands for:

Accepted Answer

A)  The volume number.
B)  The year of the decision.
C)  The paragraph number.
D)  The page number.
E)  None of the above.F) D) and E)
G) C) and D)

Question 4

A Revenue Ruling is a legislative source of Federal tax law.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

Actions on Decisions tell a taxpayer the...

Question 6

Revenue Procedures deal with the internal management practices and procedures of the IRS.

Accepted Answer

A) True 
 B)False

Question 7

Which citation refers to a Fourth Circuit Court of Appeals decision?

Accepted Answer

A)  40 T.C. 1018.
B)  2 TCM 205 (1951) .
C)  354 F.Supp. 1003 (D. Ct. Ga, 1972) .
D)  914 F.2d 396 (CA-3, 1990) .
E)  None of the above.F) A) and E)
G) B) and E)

Question 8

Which court decision is generally more authoritative?

Accepted Answer

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

Question 9

A U.S. District Court must abide by the precedents set by the U.S. Court of Appeals of its jurisdiction.

Accepted Answer

A) True 
 B)False

Question 10

Which trial court decision is generally less authoritative?

Accepted Answer

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

Question 11

A Technical Advice Memorandum is issued by:

Accepted Answer

A)  Treasury Department.
B)  National Office of the IRS.
C)  Office of Chief Council.
D)  Area Director.
E)  None of the above.F) A) and D)
G) B) and C)

Question 12

Regulations are arranged in a different sequence than the Internal Revenue Code.

Accepted Answer

A) True 
 B)False

Question 13

Taxpayers may look at Committee Reports to determine the intent of Congress.

Accepted Answer

A) True 
 B)False

Question 14

Which trial court normally 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) D) and E)

Exam 1: Understanding and Working With the Federal Tax Law

Which citation refers to a Fourth Circuit Court of Appeals decision?

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 trial court normally has 16 judges?

Correct Answer
verified

Revenue Rulings carry the same legal force and effect as Regulations.

Correct Answer
verified

A Revenue Ruling is a legislative source of Federal tax law.

Correct Answer
verified

Which trial court decision is generally less authoritative?

Correct Answer
verified

Taxpayers may look at Committee Reports to determine the intent of Congress.

Correct Answer
verified

A Technical Advice Memorandum is issued by:

Correct Answer
verified

Revenue Procedures deal with the internal management practices and procedures of the IRS.

Correct Answer
verified

In Forty-Four Cigar Co., 2 B.T.A. 1156, the 1156 stands for:

Correct Answer
verified

Regulations are arranged in a different sequence than the Internal Revenue Code.

Correct Answer
verified

A U.S. District Court must abide by the precedents set by the U.S. Court of Appeals of its jurisdiction.

Correct Answer
verified

Which court decision is generally more authoritative?

Correct Answer
verified

Which of these notations would appear after a U.S. Tax Court citation if the IRS disagrees with the decision?

Correct Answer
verified

Exam 1: Understanding and Working With the Federal Tax Law

Which citation refers to a Fourth Circuit Court of Appeals decision?

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 trial court normally has 16 judges?

Correct AnswerverifiedShow Answer

Revenue Rulings carry the same legal force and effect as Regulations.

Correct AnswerverifiedShow Answer

A Revenue Ruling is a legislative source of Federal tax law.

Correct AnswerverifiedShow Answer

Which trial court decision is generally less authoritative?

Correct AnswerverifiedShow Answer

Taxpayers may look at Committee Reports to determine the intent of Congress.

Correct AnswerverifiedShow Answer

A Technical Advice Memorandum is issued by:

Correct AnswerverifiedShow Answer

Revenue Procedures deal with the internal management practices and procedures of the IRS.

Correct AnswerverifiedShow Answer

In Forty-Four Cigar Co., 2 B.T.A. 1156, the 1156 stands for:

Correct AnswerverifiedShow Answer

Regulations are arranged in a different sequence than the Internal Revenue Code.

Correct AnswerverifiedShow Answer

A U.S. District Court must abide by the precedents set by the U.S. Court of Appeals of its jurisdiction.

Correct AnswerverifiedShow Answer

Which court decision is generally more authoritative?

Correct AnswerverifiedShow Answer

Which of these notations would appear after a U.S. Tax Court citation if the IRS disagrees with the decision?

Correct AnswerverifiedShow Answer

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

Correct Answer
verified

Correct Answer
verified

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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