Chapter 01

Chapter 01 - CHAPTER 1 UNDERSTANDING AND WORKING WITH THE...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
CHAPTER 1 UNDERSTANDING AND WORKING WITH THE FEDERAL TAX LAW Instructor: The test items in both the print Test Bank and ExamView test-creation software are numbered by question type within each chapter. Thus, users of ExamView can more easily preview their selections using the printed Test Bank in the same numbering system. Learning Objective, Level of Difficulty, Estimated Time to Completion, and the AACSB’s and AICPA’s Core Competencie s for each test item are located within the item itself. Status: Q/P Question/ Present in Prior Problem Topic Edition Edition TRUE OR FALSE 1 State balanced budgets New 2 Federal government deficit New 3 Revenue-neutral tax laws New 4 Longer class asset lives New 5 Title 26 New 6 Domestic production activities deduction Unchanged 6 7 Pension plan contributions Unchanged 7 8 Section 1244 stock Unchanged 8 9 Rental expense deduction Unchanged 9 10 Double tax of corporations Unchanged 10 11 State and local income taxes Unchanged 11 12 Community property states Modified 12 13 Origination of tax law New 14 Committee Reports New 15 Code sections New 16 Missing Code sections New 17 Subchapters P and K New 18 Code citation Modified 18 19 Treaty versus Code Unchanged 19 20 Regulations Unchanged 20 21 Proposed Regulations Unchanged 21 22 Revenue Procedures Modified 22 23 Letter rulings Modified 23 24 Determination letters Unchanged 24 25 Stare decisis Unchanged 25 26 Court of Federal Claims Modified 26 27 District Court Unchanged 27 1-1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
1-2 2010 Annual Edition/Test Bank Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 28 U.S. Tax Court Modified 28 29 Golsen doctrine Unchanged 29 30 U.S. Court of Appeals Modified 30 31 U.S. District Courts Unchanged 31 32 Supreme Court Unchanged 32 33 Memorandum decision Unchanged 33 34 Tax treaty versus tax law Unchanged 34 35 CCH’s Tax Research Consultant Unchanged 35 36 Citators Unchanged 36 37 Blue Book Unchanged 37 38 Tax on CPA Exam Unchanged 38 MULTIPLE CHOICE 1 Controlling the economy Unchanged 1 2 Encouraging small business Unchanged 3 3 Social considerations Unchanged 4 4 Separate property states Modified 2 5 Arm’s length transaction Unchanged 5 6 Tax legislation Unchanged 6 7 Regulations: location Unchanged 7 8 Citations Modified 8 9 Letter Rulings Unchanged 9 10 Revenue Rulings Unchanged 10 11 Incorrect citation Unchanged 11 12 Technical Advice Memorandum Unchanged 12 13 Tax validity Modified 13 14 Administrative source Modified 14 15 Lowest court Modified 15 16 Interpreting citation Unchanged 16 17 Interpreting citation Unchanged 17 18 Nonacquiescence Modified 18 19 Interpreting citations Unchanged 19 20 Citations Modified 20 21 Nonacquiescence Unchanged 21 22 Publishers of Supreme Court decisions Unchanged 22 23 Annotated tax service Unchanged 23 24 Treaty override New 25 Regulation validity New 26 Tax services: CCH New 27 Tax services: annotated New 28 Gift tax exclusion amount New 29 RIA citator symbols New
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 07/27/2010 for the course ACC 1303 taught by Professor Smith during the Summer '10 term at HCCS.

Page1 / 16

Chapter 01 - CHAPTER 1 UNDERSTANDING AND WORKING WITH THE...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online