Question 1

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

Question 2

A General Counsel Memorandum is a primary source of tax law.

Accepted Answer

A) True 
 B)False  False

Question 3

Compare Revenue Rulings with Revenue Procedures.

Accepted Answer

Revenue Rulings are official pronounceme...

Question 4

Post-1984 letter rulings may be substantial authority for purposes of the accuracy-related penalty in § 6662.

Accepted Answer

A) True 
 B)False  True

Question 5

Which publisher offers the United States Tax Reporter?

Accepted Answer

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

Question 6

House members have considerable latitude to make amendments on the House floor.

Accepted Answer

A) True 
 B)False

Question 7

Which tax source may override a Regulation section?

Accepted Answer

A)   Revenue Ruling.
B)   Revenue Procedure.
C)   U.S. tax treaty.
D)   Technical Advice Memoranda.
E)   None of the above.F) A) and E)
G) None of the above

Question 8

Electronic databases are most frequently searched by the keyword approach.

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A)   Code section approach.
B)   Keyword approach.
C)   Table of contents approach.
D)   Index.
E)   All are about the same.F) A) and B)
G) C) and D)

Question 10

The Internal Revenue Code of 1986 was substantially a re-codification of the existing Code.

Accepted Answer

A) True 
 B)False

Question 11

Technical Advice Memoranda deal with completed transactions.

Accepted Answer

A) True 
 B)False

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

Which publisher offers Tax Center that provides the Code,Regulations,and material from Matthew Bender,CCH,Kleinrock,and the Bureau of National Affairs?

Accepted Answer

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

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

The IRS is required to make a letter ruling public.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following journals is published by the American Institute of CPAs?

Accepted Answer

A)   Journal of Taxation.
B)   Corporate Taxation.
C)   Tax Law Review.
D)   The Tax Advisor.
E)   All of the above.F) A) and E)
G) A) and D)

Question 17

A particular Regulation is assumed to have received Congressional approval if the Regulation was finalized many years earlier and Congress has not amended the Code section pertaining to that Regulation.

Accepted Answer

A) True 
 B)False

Question 18

In § 212(1) ,the number (1) stands for the:

Accepted Answer

A)   Section number.
B)   Subsection number.
C)   Paragraph designation.
D)   Subparagraph designation.
E)   None of the above.F) A) and E)
G) C) and D)

Question 19

Which company does not publish citators for tax purposes?

Accepted Answer

A)   McGraw-Hill.
B)   Commerce Clearing House.
C)   Research Institute of America.
D)   Westlaw.
E)   Shepard's.F) C) and D)
G) A) and D)

Question 20

Federal tax legislation generally originates in the Senate Finance Committee.

Accepted Answer

A) True 
 B)False  False

Exam 2: Working With the Tax Law

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

Correct AnswerverifiedShow Answer

A General Counsel Memorandum is a primary source of tax law.

Correct AnswerverifiedFalse

Compare Revenue Rulings with Revenue Procedures.

Correct AnswerverifiedRevenue Rulings are official pronounceme...View AnswerShow Answer

Post-1984 letter rulings may be substantial authority for purposes of the accuracy-related penalty in § 6662.

Correct AnswerverifiedTrue

Which publisher offers the United States Tax Reporter?

Correct AnswerverifiedShow Answer

House members have considerable latitude to make amendments on the House floor.

Correct AnswerverifiedShow Answer

Which tax source may override a Regulation section?

Correct AnswerverifiedShow Answer

Electronic databases are most frequently searched by the keyword approach.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The Internal Revenue Code of 1986 was substantially a re-codification of the existing Code.

Correct AnswerverifiedShow Answer

Technical Advice Memoranda deal with completed transactions.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which publisher offers Tax Center that provides the Code,Regulations,and material from Matthew Bender,CCH,Kleinrock,and the Bureau of National Affairs?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The IRS is required to make a letter ruling public.

Correct AnswerverifiedShow Answer

Which of the following journals is published by the American Institute of CPAs?

Correct AnswerverifiedShow Answer

A particular Regulation is assumed to have received Congressional approval if the Regulation was finalized many years earlier and Congress has not amended the Code section pertaining to that Regulation.

Correct AnswerverifiedShow Answer

In § 212(1) ,the number (1) stands for the:

Correct AnswerverifiedShow Answer

Which company does not publish citators for tax purposes?

Correct AnswerverifiedShow Answer

Federal tax legislation generally originates in the Senate Finance Committee.

Correct AnswerverifiedFalse

Correct Answer
verified

Correct Answer
verified
False

Correct Answer
verified
Revenue Rulings are official pronounceme...
View Answer

Correct Answer
verified
True

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
False