CHAPTER 2--WORKING WITH THE

False 36 among the approaches available for online

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FALSE 36. Among the approaches available for online tax research are a keyword approach, a table of contents approach, an index approach, and a citation approach. TRUE 37. The Internet provides a wealth of tax information in several popular forms, sometimes at no direct cost to the researcher. TRUE 38. When dealing with proposed transactions, the tax research process is directed toward the determination of possible alternative consequences. TRUE 39. A scholarship received by a student is included for purposes of computing whether a person is self-supporting under the qualified child provision. FALSE 40. Often a court will invalidate a Regulation or portion thereof on the grounds that the Regulation is contrary to the intent of Congress. FALSE 3
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41. IRS agents must give the Code and Regulations issued thereunder equal weight when dealing with taxpayers and their representatives. TRUE 42. Proposed Regulations are binding on the IRS and taxpayers. FALSE 43. Interpretive Regulations have the force and effect of law. FALSE 44. A U. S. District Court decision carries less weight than a decision issued by the Fifth Circuit Court of Appeals. TRUE 45. The computer-based CPA examination has four sections with true-false, multiple-choice, and case studies (called simulations). FALSE 46. The Internal Revenue Code was codified in which of the following years? A. 1913. B. 1933. C. 1954. D. 1957. E. None of the above. 47. Tax bills are handled by which committee in the U.S. Senate? 48. Which committee reconciles the tax bills between the Senate and the House? 49. Subchapter S covers which specific area of tax law? 4
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50. Which is not a Code section number? A. § 212(1). B. § 2(a)(1). C. § 280B. D. § 6(a). E. All are current Code sections. 51. Which statement is false with respect to tax treaties?
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  • Spring '12
  • honig
  • Supreme Court of the United States, Taxation in the United States, U.S. Tax Court, b. c. d.

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