Question 1

An interpretative regulation is issued when Congress specifically delegates the authority to the Treasury Department to write specific rules for a designated Code section.

Accepted Answer

A) True 
 B)False

Question 2

Primary sources of tax law include
I.Treasury Regulations.
II.IRS Revenue Procedures.
III.Internal Revenue Code of 1986.
IV.The Tax Law Review.

Accepted Answer

A)  Only statement III is correct.
B)  Statements II and III are correct.
C)  Only statement I is correct.
D)  Statements I, II, and III are correct.
E)  Statements I, II, III, and IV are correct.F) C) and E)
G) A) and C)

Question 3

Match each statement with the correct term below.
-Ways and Means Committee

Accepted Answer

A)  Where federal tax legislation generally originates.
B)  Has jurisdiction over all tax matters in the U.S. Senate.
C)  The committee responsible for initial hearings and deliberations on a tax bill.
D)  Responsible for negotiating a resolution of the differences in the House and Senate versions of a tax bill.
E)  The agency within the administrative branch of government with overall responsibility for administration of tax law.F) Oversees the operation and administration of the tax system as a whole, and prepares a general explanation of any tax bill signed by the President.G) A) and D)
H) A) and E)

Question 4

Title 26 of the U.S.Code includes

Accepted Answer

A)  Alcohol and tobacco tax legislation only.
B)  Gift tax and estate tax legislation only.
C)  Income Tax legislation only.
D)  Self employment tax legislation only.
E)  All of the tax legislation mentioned above.F) A) and E)
G) A) and C)

Question 5

During the legislative process,several groups of lawmakers become part of the system.Those groups include the
I.House Ways and Means Committee
II.Joint Conference Committee
III.U.S.Supreme Court
IV.Joint Committee on Taxation
V.U.S.Senate

Accepted Answer

A)  Statements II and III are correct.
B)  Statements I, IV, and V are correct.
C)  Statements I, II, and V are correct.
D)  Only statement I is correct.
E)  Only statement V is correct.F) B) and D)
G) A) and D)

Question 6

Which of the following is (are) secondary sources of tax law?
I.Tax Notes.
II.LEXIS.
III.RIA Federal Tax Citator.
IV.Tax Court Memorandum.

Accepted Answer

A)  Statements I, II, and III are correct.
B)  Statements I and II are correct.
C)  Statements II and IV are correct.
D)  Only statement IV is correct.
E)  Only statement III is correct.F) B) and E)
G) C) and D)

Question 7

A tax treaty with a foreign country negotiated by the president is considered a legislative source of tax law.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is (are) primary sources of tax law?
I.Joint Conference Committee Reports.
II.Journal of Taxation.
III.Revenue Procedures.
IV.Tax Treaty with France.
V.U.S.Tax Court Memorandum Decisions.

Accepted Answer

A)  Only statement IV is correct.
B)  Only statement I is correct.
C)  Statements II and III are correct.
D)  Statements I, III, IV, and V are correct.
E)  Statements I, II, III, IV, and V are correct.F) D) and E)
G) B) and E)

Question 9

Which of the following citations denotes a regular decision of the Tax Court?

Accepted Answer

A)  35 T.C. 1083
B)  93-1 USTC 9865
C)  39 AFTR 2d 77-640
D)  All of the above could refer to a regular decision of the Tax CourtE) B) and C)
F) A) and D)

Question 10

After major legislation is enacted,a general explanation of the law or "blue book" may be issued by which of the following:

Accepted Answer

A)  House Ways and Means Committee.
B)  Joint Committee on Taxation.
C)  Treasury Department
D)  Senate Finance Committee.E) A) and B)
F) B) and D)

Question 11

The most important source of current federal income tax law is the

Accepted Answer

A)  Internal Revenue Code of 1986, as amended.
B)  IRS.
C)  U.S. Supreme Court.
D)  U.S. Tax Court.E) A) and C)
F) A) and D)

Question 12

Match the primary source to its reporter.
-Revenue Ruling 86-457

Accepted Answer

A)  Tax Court Reports
B)  United States Tax Cases
C)  Internal Revenue Code
D)  Cumulative Bulletin
E)  Not a primary sourceF) D) and E)
G) B) and D)

Question 13

Match the primary source to its reporter.
-Journal of Taxation

Accepted Answer

A)  Tax Court Reports
B)  United States Tax Cases
C)  Internal Revenue Code
D)  Cumulative Bulletin
E)  Not a primary sourceF) C) and E)
G) A) and B)

Question 14

If the U.S.Supreme Court denies a writ of certiorari,it means
I.The court did not feel the case was important enough to review.
II.The decision of the lower court is correct.
III.The decision of the circuit court of appeals is effectively reversed.
IV.At least five of the Supreme Court justices voted to deny reviewing the case.

Accepted Answer

A)  Only statement I is correct.
B)  Statements I and II are correct.
C)  Statements II and IV are correct.
D)  Only statement III is correct.
E)  Statements I, III, and IV are correct.F) A) and D)
G) B) and D)

Question 15

Match each statement with the correct term below.
-Joint Committee on Taxation

Accepted Answer

A)  Where federal tax legislation generally originates.
B)  Has jurisdiction over all tax matters in the U.S. Senate.
C)  The committee responsible for initial hearings and deliberations on a tax bill.
D)  Responsible for negotiating a resolution of the differences in the House and Senate versions of a tax bill.
E)  The agency within the administrative branch of government with overall responsibility for administration of tax law.F) Oversees the operation and administration of the tax system as a whole, and prepares a general explanation of any tax bill signed by the President.G) A) and D)
H) B) and E)

Question 16

After a tax bill has been enacted,the House Ways and Means committee prepares a general explanation of the bill as approved by the president.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following authorities can help the taxpayer interpret a new tax law soon (i.e.during the first few months) after it becomes law?

Accepted Answer

A)  Treasury Regulations.
B)  Committee Reports.
C)  Revenue Rulings.
D)  Internal Revenue Code.
E)  Court Cases.F) All of the above
G) B) and D)

Question 18

The first step in tax research is to locate the relevant legal authorities.

Accepted Answer

A) True 
 B)False

Question 19

Citators provide the full text of court decisions.

Accepted Answer

A) True 
 B)False

Question 20

The Tax Court strictly follows the precedent of prior decisions of the Court of Appeals for a particular circuit when

Accepted Answer

A)  the taxpayer requests it to do so.
B)  the IRS requests it to do so.
C)  the taxpayer resides in the United States.
D)  the taxpayer resides in that circuit.E) A) and D)
F) B) and C)

Exam 16: Tax Research

During the legislative process,several groups of lawmakers become part of the system.Those groups include the I.House Ways and Means Committee II.Joint Conference Committee III.U.S.Supreme Court IV.Joint Committee on Taxation V.U.S.Senate

Correct Answer
verified

The most important source of current federal income tax law is the

Correct Answer
verified

The Tax Court strictly follows the precedent of prior decisions of the Court of Appeals for a particular circuit when

Correct Answer
verified

Citators provide the full text of court decisions.

Correct Answer
verified

An interpretative regulation is issued when Congress specifically delegates the authority to the Treasury Department to write specific rules for a designated Code section.

Correct Answer
verified

After major legislation is enacted,a general explanation of the law or "blue book" may be issued by which of the following:

Correct Answer
verified

Match the primary source to its reporter. -Journal of Taxation

Correct Answer
verified

Primary sources of tax law include I.Treasury Regulations. II.IRS Revenue Procedures. III.Internal Revenue Code of 1986. IV.The Tax Law Review.

Correct Answer
verified

Match each statement with the correct term below. -Joint Committee on Taxation

Correct Answer
verified

After a tax bill has been enacted,the House Ways and Means committee prepares a general explanation of the bill as approved by the president.

Correct Answer
verified

Which of the following citations denotes a regular decision of the Tax Court?

Correct Answer
verified

Correct Answer
verified

Which of the following is (are) primary sources of tax law? I.Joint Conference Committee Reports. II.Journal of Taxation. III.Revenue Procedures. IV.Tax Treaty with France. V.U.S.Tax Court Memorandum Decisions.

Correct Answer
verified

The first step in tax research is to locate the relevant legal authorities.

Correct Answer
verified

Match each statement with the correct term below. -Ways and Means Committee

Correct Answer
verified

Which of the following authorities can help the taxpayer interpret a new tax law soon (i.e.during the first few months) after it becomes law?

Correct Answer
verified

A tax treaty with a foreign country negotiated by the president is considered a legislative source of tax law.

Correct Answer
verified

Match the primary source to its reporter. -Revenue Ruling 86-457

Correct Answer
verified

Which of the following is (are) secondary sources of tax law? I.Tax Notes. II.LEXIS. III.RIA Federal Tax Citator. IV.Tax Court Memorandum.

Correct Answer
verified

Title 26 of the U.S.Code includes

Correct Answer
verified

Exam 16: Tax Research

During the legislative process,several groups of lawmakers become part of the system.Those groups include the I.House Ways and Means Committee II.Joint Conference Committee III.U.S.Supreme Court IV.Joint Committee on Taxation V.U.S.Senate

Correct AnswerverifiedShow Answer

The most important source of current federal income tax law is the

Correct AnswerverifiedShow Answer

The Tax Court strictly follows the precedent of prior decisions of the Court of Appeals for a particular circuit when

Correct AnswerverifiedShow Answer

Citators provide the full text of court decisions.

Correct AnswerverifiedShow Answer

An interpretative regulation is issued when Congress specifically delegates the authority to the Treasury Department to write specific rules for a designated Code section.

Correct AnswerverifiedShow Answer

After major legislation is enacted,a general explanation of the law or "blue book" may be issued by which of the following:

Correct AnswerverifiedShow Answer

Match the primary source to its reporter. -Journal of Taxation

Correct AnswerverifiedShow Answer

Primary sources of tax law include I.Treasury Regulations. II.IRS Revenue Procedures. III.Internal Revenue Code of 1986. IV.The Tax Law Review.

Correct AnswerverifiedShow Answer

Match each statement with the correct term below. -Joint Committee on Taxation

Correct AnswerverifiedShow Answer

After a tax bill has been enacted,the House Ways and Means committee prepares a general explanation of the bill as approved by the president.

Correct AnswerverifiedShow Answer

Which of the following citations denotes a regular decision of the Tax Court?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Which of the following is (are) primary sources of tax law? I.Joint Conference Committee Reports. II.Journal of Taxation. III.Revenue Procedures. IV.Tax Treaty with France. V.U.S.Tax Court Memorandum Decisions.

Correct AnswerverifiedShow Answer

The first step in tax research is to locate the relevant legal authorities.

Correct AnswerverifiedShow Answer

Match each statement with the correct term below. -Ways and Means Committee

Correct AnswerverifiedShow Answer

Which of the following authorities can help the taxpayer interpret a new tax law soon (i.e.during the first few months) after it becomes law?

Correct AnswerverifiedShow Answer

A tax treaty with a foreign country negotiated by the president is considered a legislative source of tax law.

Correct AnswerverifiedShow Answer

Match the primary source to its reporter. -Revenue Ruling 86-457

Correct AnswerverifiedShow Answer

Which of the following is (are) secondary sources of tax law? I.Tax Notes. II.LEXIS. III.RIA Federal Tax Citator. IV.Tax Court Memorandum.

Correct AnswerverifiedShow Answer

Title 26 of the U.S.Code includes

Correct AnswerverifiedShow Answer

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