quizzes and homework solutions - 1 Marks: 1 Which of the...

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1 Marks: 1 Which of the following are not published either by the government or by any of the private publishing services? Choose one answer. a. Private Letter Rulings b. Tax Court Memorandum Decisions c. Revenue Procedures d. Determination Letters Determination Letters are issued by the Regional Offices of the IRS and are not published. Incorrect Marks for this submission: 0/1. Question 2 Marks: 1 In response to a preliminary (30-day) letter, a written protest discussing the facts and legal arguments must accompany a written request for an Appeals Conference in which of the following cases? Choose one answer. a. A proposed $2,000 tax increase b. The tax return examination was made in an IRS office by a tax auditor c. The tax return examination was made by correspondence d. A proposed disallowance of a $3,000 refund claim An office examination and an examination conducted by correspondence are excluded as answers, i.e., they do not require a written protest to obtain appeals office consideration. The situation in which no written protest is required to obtain an appeals conference involves a field examination case in which the amount of the additional tax is $2,500 or less for a taxable period. Since the amount in part (a) is only $2,000, a protest is not required. Therefore, (d) is the correct answer. * This question has been adapted from the IRS Examinations. Incorrect Marks for this submission: 0/1. Question 3 Marks: 1 The term "tax doctrine" refers to a: Choose one answer. a. Legal concept that is found in Treasury Regulations b. Statutory provision of the tax law c. Judicial interpretation with strong precedential value d. Tax treaty with a foreign country "Tax Doctrine" refers to a judicial interpretation with strong precedential value. For example, the Doctrine of Constructive Receipt is not a statutory provision of tax law, but judicial support gives strength to this concept. Incorrect Marks for this submission: 0/1.
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Question 4 Marks: 1 If the fraud penalty is assessed, which one of the following may be assessed with respect to the same underpayment? Choose one answer. a. Negligence penalty b. Failure to file penalty c. Failure to pay penalty d. Underpayments of estimated tax penalty If the fraud penalty is assessed, the penalty for underpayment of estimated tax penalty may be assessed, but not the penalties in (a), (b), or (c). Incorrect Marks for this submission: 0/1. Question 5 Marks: 1 Doris Duncan received a statutory notice of deficiency at her residence in Ohio. If she wishes to appeal the deficiency to the Tax Court, she may file a petition at any time within 120 days of the issuance of the notice. Answer: True False Doris Duncan may file a petition at any time within 90 days of the issuance of the statutory notice of deficiency. * This question has been adapted from the IRS Examinations.
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This note was uploaded on 09/15/2011 for the course INCOME TAX 4404 taught by Professor Bulie during the Spring '11 term at University of Minnesota Duluth.

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quizzes and homework solutions - 1 Marks: 1 Which of the...

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