CHAPTER 2--WORKING WITH THE

True 5 subchapter k refers to the partners and

This preview shows page 11 - 14 out of 20 pages.

TRUE 5. Subchapter K refers to the “Partners and Partnerships” section of the Code. TRUE 6. A Revenue Procedure is an administrative source of Federal tax law. TRUE 7. Some Regulations are arranged in different sequence than the Code. FALSE 8. Proposed Regulations have the force and effect of law. FALSE 9. Temporary Regulations have the same authoritative value as Finalized Regulations. TRUE 10. Proposed Regulations are not published in the Federal Register . FALSE 11. Regulations are issued by the Treasury Department. TRUE 12. Revenue Rulings carry the same legal force and effect as Regulations. FALSE 13. Revenue Procedures deal with the internal management practices and procedures of the IRS. TRUE 1
Image of page 11

Subscribe to view the full document.

14. Letter rulings may not be substantial authority for purposes of the accuracy-related penalty in § 6662. FALSE 15. Determination letters usually involve proposed transactions. FALSE 16. Technical Advice Memoranda deal with completed transactions. TRUE 17. Treasury Decisions are issued by the Treasury Department to promulgate new Regulations. TRUE 18. General Counsel Memoranda may be cited as precedents by taxpayers. FALSE 19. Unlike determination letters, letter rulings are issued by the National Office of the IRS. TRUE 20. A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S. District Court. TRUE 21. In a U.S. District Court, a jury can decide both questions of fact and questions of law. FALSE 22. Three judges will normally hear each U.S. Tax Court case. FALSE 23. A taxpayer can obtain a jury trial in a U.S. Court of Federal Claims. FALSE 24. A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S. Court of Federal Claims. TRUE 25. Arizona is in the jurisdiction of the First Circuit Court of Appeals. FALSE 26. Texas is in the jurisdiction of the Second Circuit Court of Appeals. FALSE 27. The Golsen rule has been overturned by the U.S. Supreme Court. FALSE 2
Image of page 12
28. The granting of a Writ of Certiorari indicates that at least five members of the Supreme Court believe that an issue is of sufficient importance to be heard by the full court. FALSE 29. The “defendant” refers to the party against whom a suit is brought. TRUE 30. The term “respondent” is a synonym for defendant. TRUE 31. Before 1943, the U.S. Tax Court was called the Board of Tax Appeals. TRUE 32. The following citation cannot be correct: James E. Wiese , T.C. Summary Opinion, 2005-91. FALSE 33. An easy way to locate a journal article pertinent to a tax problem is through Commerce Clearing House’s Federal Tax Articles. TRUE 34. Accessing tax documents through electronic means offers limited advantages over a strictly paper-based approach. FALSE 35. The major tax services are not available in electronic format.
Image of page 13

Subscribe to view the full document.

Image of page 14
You've reached the end of this preview.
  • Spring '12
  • honig
  • Supreme Court of the United States, Taxation in the United States, U.S. Tax Court, b. c. d.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern