Question 1

Which items tell taxpayers the IRS's reaction to certain court decisions?

Accepted Answer

A)  Notices.
B)  Revenue Procedures.
C)  Revenue Rulings.
D)  Actions on Decisions.
E)  Procedural Regulations.F) A) and E)
G) C) and D)

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

A professional must understand the relative weight of authority within the sources of tax law.

Accepted Answer

A) True 
 B)False

Question 4

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

Question 5

A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S.District Court. Only in the Tax Court can jurisdiction be obtained without first paying the assessed tax deficiency.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

Regulations are arranged in the same sequence as the Internal Revenue Code.

Accepted Answer

A) True 
 B)False

Question 8

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) B) and C)
G) None of the above

Question 9

Technical Advice Memoranda may not be cited as precedents by taxpayers.

Accepted Answer

A) True 
 B)False

Question 10

Which tax-related website probably gives the best policy-orientation results?

Accepted Answer

A)  taxalmanac.org.
B)  irs.gov.
C)  taxsites.com.
D)  taxanalyst.com.
E)  ustaxcourt.gov.F) B) and C)
G) A) and E)

Question 11

The test for whether a child qualifies for dependency status is first conducted under the qualified child requirement.

Accepted Answer

A) True 
 B)False

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

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 14

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

Accepted Answer

A) True 
 B)False

Question 15

The Internal Revenue Code was first codified in what year?

Accepted Answer

A)  1913.
B)  1923.
C)  1939.
D)  1954.
E)  1986.F) A) and C)
G) All of the above

Question 16

The U.S.Tax Court meets most often in Washington,
D.C.

Accepted Answer

A) True 
 B)False

Question 17

There are 11 geographic U.S.Circuit Court of Appeals.

Accepted Answer

A) True 
 B)False

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

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) None of the above
G) D) and E)

Question 20

The CPA examination is normally curved to produce a designated pass rate.

Accepted Answer

A) True 
 B)False

Exam 2: Working With the Tax Law

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

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

There are 11 geographic U.S.Circuit Court of Appeals.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The test for whether a child qualifies for dependency status is first conducted under the qualified child requirement.

Correct AnswerverifiedShow Answer

Regulations are arranged in the same sequence as the Internal Revenue Code.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which tax source may override a Regulation section?

Correct AnswerverifiedShow Answer

A professional must understand the relative weight of authority within the sources of tax law.

Correct AnswerverifiedShow Answer

Which tax-related website probably gives the best policy-orientation results?

Correct AnswerverifiedShow Answer

The U.S.Tax Court meets most often in Washington, D.C.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S.District Court. Only in the Tax Court can jurisdiction be obtained without first paying the assessed tax deficiency.

Correct AnswerverifiedShow Answer

The Internal Revenue Code was first codified in what year?

Correct AnswerverifiedShow Answer

Technical Advice Memoranda may not be cited as precedents by taxpayers.

Correct AnswerverifiedShow Answer

The CPA examination is normally curved to produce a designated pass rate.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which items tell taxpayers the IRS's reaction to certain court decisions?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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