Chapter 2 Test - 1 Marks 1/1 A nonacquiescence by the IRS...

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1 Marks: 1/1 A nonacquiescence by the IRS means that a particular court decision is of no value. Choose one answer. a. True Incorrect b. False Correct Correct. A nonacquiescence by the IRS merely indicates that the IRS may continue to litigate the issue involved. p. 2-18 Correct Marks for this submission: 1/1. History of Responses: # Action Response Time Raw score Grade 1 Grade False 18:02:30 on 21/03/11 1 1 2 18:36:32 on 21/03/11 1 1 Question 2 Marks: 1/1 In a U.S. District Court, a jury can decide both questions of fact and questions of law. Answer: True Incorrect False Correct Correct. Questions of law are resolved by the presiding judge. REF: p. 2-13 Correct Marks for this submission: 1/1. History of Responses: # Action Response Time Raw score Grade 1 Grade False 18:02:50 on 21/03/11 1 1 2 18:02:50 on 21/03/11 1 1 Question 3 Marks: 1/1 A taxpayer should always minimize his or her tax liability. Answer: True Incorrect False Correct Correct. A taxpayer should maximize the after-tax return in conjunction with the overall economic effect. REF: p. 2-2 Correct Marks for this submission: 1/1. History of Responses:
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# Action Response Time Raw score Grade 1 Grade False 18:03:10 on 21/03/11 1 1 2 18:03:10 on 21/03/11 1 1 Question 4 Marks: 1/1 The Internal Revenue Service generally will accept an explanation in the so-called "bluebook" as a primary source and thus, having substantial authority. Choose one answer. a. True Incorrect b. False Correct Correct. A "bluebook" explanation does not have substantial authority except in the case of the accuracy-related penalty. p. 2-31 Correct Marks for this submission: 1/1. History of Responses: # Action Response Time Raw score Grade 1 Grade False 18:22:24 on 21/03/11 1 1 2 18:22:24 on 21/03/11 1 1 Question 5 Marks: 1/1 The major tax services are not available in electronic format. Answer: True Incorrect False Correct Correct. Virtually all of the tax services are available in electronic format. REF: p. 2-23 Correct Marks for this submission: 1/1. History of Responses: # Action Response Time Raw score Grade 1 Grade False 18:04:43 on 21/03/11 1 1 2 18:04:43 on 21/03/11 1 1 Question 6 Marks: 1/1 The following citation cannot be correct: James E. Wiese, T.C. Summary Opinion, 2005-91. Answer: True Incorrect False Correct Correct. The citation is correct. REF: p. 2-18
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Correct Marks for this submission: 1/1. History of Responses: # Action Response Time Raw score Grade 1 Grade False 18:05:00 on 21/03/11 1 1 2 18:05:00 on 21/03/11 1 1 Question 7 Marks: 1/1 A U. S. District Court decision carries less weight than a decision issued by the Fifth Circuit Court of Appeals. Answer:
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  • Spring '11
  • Balden
  • Supreme Court of the United States, Taxation in the United States, United States district court, U.S. Tax Court, Action Response Time

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Chapter 2 Test - 1 Marks 1/1 A nonacquiescence by the IRS...

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