Question 1

Which trial court decision is generally more 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) C) and D)
G) A) and E)

Question 2

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 AFTR2d 456.
D)  All of the above.
E)  None of the above.F) B) and C)
G) A) and E)

Question 3

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

Accepted Answer

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

Question 4

Which state is located in the jurisdiction of the Fifth Circuit Court of Appeals?

Accepted Answer

A)  Louisiana.
B)  California.
C)  New York.
D)  South Carolina.
E)  None of the above.F) C) and D)
G) A) and D)

Question 5

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

Accepted Answer

A) True 
 B)False  True

Question 6

Subchapter S covers which specific area of tax law?

Accepted Answer

A)  Simplification.
B)  Deductions.
C)  Capital gains and losses.
D)  Tax rates.
E)  None of the above.F) B) and E)
G) A) and B)

Question 7

Accessing tax documents through electronic means offers limited advantages over a strictly paper-based approach.

Accepted Answer

A) True 
 B)False

Question 8

Some Regulations are arranged in different sequence than the Code.

Accepted Answer

A) True 
 B)False

Question 9

Explain the difference between tax avoidance and tax evasion.

Accepted Answer

A fine line exists between legal tax pla...

Question 10

In a U.S.District Court,a jury can decide both questions of fact and questions of law.

Accepted Answer

A) True 
 B)False

Question 11

In assessing the importance of a regulation,an IRS agent must:

Accepted Answer

A)  Give equal weight to the Code and regulations.
B)  Give more weight to the Code rather than to a regulation.
C)  Give more weight to the regulation rather than to the Code.
D)  Give less weight to the Code rather than to a regulation.
E)  None of the above.F) B) and D)
G) A) and B)

Question 12

Explain the Golsen doctrine.

Accepted Answer

Because the Tax Court is a national cour...

Question 13

The Golsen rule has been overturned by the U.S.Supreme Court.

Accepted Answer

A) True 
 B)False

Question 14

Regulations are issued by the Treasury Department.

Accepted Answer

A) True 
 B)False

Question 15

Which trial court hears only tax disputes?

Accepted Answer

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

Question 16

Federal tax legislation generally originates in the Senate Finance Committee.

Accepted Answer

A) True 
 B)False  False

Question 17

Which statement is incorrect with respect to a tax treaty?

Accepted Answer

A)  A tax treaty always overrides a Code section when they conflict.
B)  The purpose of a treaty is to render mutual assistance in tax enforcement and to avoid double taxation.
C)  Taxpayers must disclose on their tax returns any position where a treaty overrides a Code section.
D)  There is a $1,000 penalty per failure to disclose a conflicting tax treaty.
E)  All are correct.F) A) and D)
G) A) and C)

Question 18

Proposed Regulations are binding on the IRS and taxpayers.

Accepted Answer

A) True 
 B)False

Question 19

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

Question 20

A U.S.District Court decision carries less weight than a decision issued by the Fifth Circuit Court of Appeals.

Accepted Answer

A) True 
 B)False  True

Exam 2: Working With the Tax Law

Which trial court decision is generally more authoritative?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which state is located in the jurisdiction of the Fifth Circuit Court of Appeals?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedTrue

Subchapter S covers which specific area of tax law?

Correct AnswerverifiedShow Answer

Accessing tax documents through electronic means offers limited advantages over a strictly paper-based approach.

Correct AnswerverifiedShow Answer

Some Regulations are arranged in different sequence than the Code.

Correct AnswerverifiedShow Answer

Explain the difference between tax avoidance and tax evasion.

Correct AnswerverifiedA fine line exists between legal tax pla...View AnswerShow Answer

In a U.S.District Court,a jury can decide both questions of fact and questions of law.

Correct AnswerverifiedShow Answer

In assessing the importance of a regulation,an IRS agent must:

Correct AnswerverifiedShow Answer

Explain the Golsen doctrine.

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

The Golsen rule has been overturned by the U.S.Supreme Court.

Correct AnswerverifiedShow Answer

Regulations are issued by the Treasury Department.

Correct AnswerverifiedShow Answer

Which trial court hears only tax disputes?

Correct AnswerverifiedShow Answer

Federal tax legislation generally originates in the Senate Finance Committee.

Correct AnswerverifiedFalse

Which statement is incorrect with respect to a tax treaty?

Correct AnswerverifiedShow Answer

Proposed Regulations are binding on the IRS and taxpayers.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

A U.S.District Court decision carries less weight than a decision issued by the Fifth Circuit Court of Appeals.

Correct AnswerverifiedTrue

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True

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A fine line exists between legal tax pla...
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Because the Tax Court is a national cour...
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False

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