Question 1

Compare Revenue Rulings with Revenue Procedures.

Accepted Answer

Revenue Rulings are official pronounceme...

Question 2

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) C) and D)
G) A) and B)

Question 3

What administrative release deals with a proposed transaction rather than a completed transaction?

Accepted Answer

A)   Letter Ruling.
B)   Technical Advice Memorandum.
C)   Determination Letter.
D)   Field Service Advice.
E)   None of the above.F) A) and B)
G) All of the above

Question 4

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) A) and B)
G) A) and C)

Question 5

Which statement is incorrect with respect to taxation on the CPA exam?

Accepted Answer

A)   The CPA exam now has only four parts.
B)   There are no longer case studies on the exam.
C)   A candidate may not go back after exiting a testlet.
D)   Simulations include a four-function pop-up calculator.
E)   None of the above are incorrect.F) B) and E)
G) A) and E)

Question 6

Three judges will normally hear each U.S.Tax Court case.

Accepted Answer

A) True 
 B)False

Question 7

The following citation can be a correct citation: Rev.Rul.95-271,I.R.B.No.54,18.

Accepted Answer

A) True 
 B)False

Question 8

How do treaties fit within tax sources?

Accepted Answer

The U.S signs certain tax treaties (some...

Question 9

The Index to Federal Tax Articles (published by Warren,Gorham,and Lamont)is available in print and electronic formats.

Accepted Answer

A) True 
 B)False

Question 10

Explain the tax appeals process from trial courts.

Accepted Answer

Appeals from a District Court or a Tax C...

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

What is the role of the Joint Conference Committee in the legislative process?

Accepted Answer

When the Senate version of a bill differ...

Question 13

Which of the following is not an administrative source of tax law?

Accepted Answer

A)   Reg. § 301.6114-1.
B)   Section 2(a) (1) (
A)  .
C)   Rev. Rul. 2011-19.
D)   Notice 90-20.
E)   Ltr. Rul 201008049.F) A) and C)
G) All of the above

Question 14

Discuss the advantages and disadvantages of the Small Cases Division of the U.S.Tax Court.

Accepted Answer

There is no appeal from the Small Cases ...

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

Federal tax legislation generally originates in what body?

Accepted Answer

A)   Internal Revenue Service.
B)   Senate Finance Committee.
C)   House Ways and Means Committee.
D)   Senate Floor.
E)   None of the above.F) A) and B)
G) B) and D)

Question 17

Tax research involves which of the following procedures:

Accepted Answer

A)   Identifying and refining the problem.
B)   Locating the appropriate tax law sources.
C)   Assessing the validity of the tax law sources.
D)   Follow-up.
E)   All of the above.F) A) and B)
G) A) and C)

Question 18

What is a Technical Advice Memorandum?

Accepted Answer

The National Office of the IRS releases ...

Question 19

The "respondent" refers to the party against whom a suit is brought.

Accepted Answer

A) True 
 B)False

Question 20

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) A) and C)
G) A) and D)

Exam 2: Working With the Tax Law

The Index to Federal Tax Articles (published by Warren,Gorham,and Lamont)is available in print and electronic formats.

Correct AnswerverifiedShow Answer

The "respondent" refers to the party against whom a suit is brought.

Correct AnswerverifiedShow Answer

What is the role of the Joint Conference Committee in the legislative process?

Correct AnswerverifiedWhen the Senate version of a bill differ...View AnswerShow Answer

What administrative release deals with a proposed transaction rather than a completed transaction?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

How do treaties fit within tax sources?

Correct AnswerverifiedThe U.S signs certain tax treaties (some...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

The following citation can be a correct citation: Rev.Rul.95-271,I.R.B.No.54,18.

Correct AnswerverifiedShow Answer

Federal tax legislation generally originates in what body?

Correct AnswerverifiedShow Answer

Which of the following is not an administrative source of tax law?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Explain the tax appeals process from trial courts.

Correct AnswerverifiedAppeals from a District Court or a Tax C...View AnswerShow Answer

Which publisher offers the Standard Federal Tax Reporter?

Correct AnswerverifiedShow Answer

What is a Technical Advice Memorandum?

Correct AnswerverifiedThe National Office of the IRS releases ...View AnswerShow Answer

Which statement is incorrect with respect to taxation on the CPA exam?

Correct AnswerverifiedShow Answer

Which company does not publish citators for tax purposes?

Correct AnswerverifiedShow Answer

Tax research involves which of the following procedures:

Correct AnswerverifiedShow Answer

Discuss the advantages and disadvantages of the Small Cases Division of the U.S.Tax Court.

Correct AnswerverifiedThere is no appeal from the Small Cases ...View AnswerShow Answer

Compare Revenue Rulings with Revenue Procedures.

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

Three judges will normally hear each U.S.Tax Court case.

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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When the Senate version of a bill differ...
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Correct Answer
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Correct Answer
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The U.S signs certain tax treaties (some...
View Answer

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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Appeals from a District Court or a Tax C...
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Correct Answer
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The National Office of the IRS releases ...
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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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There is no appeal from the Small Cases ...
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Revenue Rulings are official pronounceme...
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Correct Answer
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