tax research test 1_0016

tax research test 1_0016 - Federal Tax Research Eighth...

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Unformatted text preview: Federal Tax Research, Eighth Edition Page 4-22 TEST BANK, Chapter 4 Multiple Choice Choose the best answer for each of the following questions. 9 9.0 .cre Which of the following is not a pronouncement of the National Office of the IRS? a b. c. d. e. Private Letter Ruling Determination Letter Revenue Ruling Revenue Procedure Technical Advice Memo Which of the following items is not typically published in the Cumulative Bulletin? 3. b. c. d. e. Committee reports Private Letter Rulings Revenue Rulings IRS acquiescences Revenue Procedures Which citation is incorrectly written? PP—PP‘P Ltr. Rul. 862346 Rev. Rul. 55-540, 1955-2 CB 39 Rev. Proc. 72-74, 1972-] CB 749 Reg. §l.472-6 All of the above are correct Which statement is false with respect to the Regulations? rap-957a Issued by a Regional Office of the IRS Can be found in the CCH or RIA annotated tax service Provides interpretation of the tax law Carry more legal force than a Revenue Ruling All of the above are true Which of the following tenns is best described by the explanation "Statement issued by the IRS in response to a taxpayer request, concerning the application of the tax law to a specified completed transaction " ? Treasuly Decision Technical Advice Memorandum Private Letter Ruling Determination Letter Revenue Ruling Which of the following statements is true with respect to the process of acquiescence and nonacquiescence followed by the Internal Revenue Service? a. b. c. d. e. An acquiescence by the Internal Revenue Service cannot later be modified. Only cases in the District Court will be subject to acquiescence or nonacquiescence. The issuance of an acquiescence means that the Internal Revenue Service will follow the Tax Court's decision. The Tax Court reviews and approves all IRS acquiescences. None of the above statements are correct. What form does a Private Letter Ruling take if the IRS generalizes the ruling and includes it in an official IRS Publication? ...
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