Federal Tax Research 11th Edition Roby B Sawyers Steven Gill- Test Bank

 

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Sample Test

Chapter 03

 

1. Regarding the taxing powers of the federal government, the U.S. Constitution requires that:   a. taxes imposed by Congress must apply uniformly throughout the United States   b. no direct taxes may be imposed on income   c. all revenues from the federal income tax must be apportioned to the population of the states from which they were collected   d. all of these are correct   ANSWER:   a POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:10 PM

 

2. Which of the following is an administrative source of the federal tax law issued by the IRS?   a. court rulings   b. Internal Revenue Code   c. tax treaties   d. revenue rulings   e. none of these are correct   ANSWER:   d POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   5/1/2017 1:39 PM

 

3. The first Internal Revenue Code was:   a. the Internal Revenue Code of 1939   b. the Internal Revenue Code of 1954   c. the Revenue Act of 1913   d. none of these are correct   ANSWER:   a POINTS:   1 DIFFICULTY:   Easy QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:11 PM

 

4. The first federal income tax law was passed as a result of the:   a. Civil War   b. Mexican-American War   c. Spanish-American War   d. none of these are correct   ANSWER:   a POINTS:   1 DIFFICULTY:   Easy QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:11 PM

 

5. A “tax protester” is:   a. a person who files a “frivolous” return with the IRS   b. a person who brings a “frivolous” matter before the Tax Court   c. a person who may be subject to a penalty for frivolous Tax Court petitions   d. all of these are correct   e. none of these are correct ​   ANSWER:   d POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:16 PM

 

6. The overriding purpose of tax treaties is to:   a. create “tax havens”   b. minimize tax liability of multinational corporations   c. require business taxpayers to file returns in all countries in which they operate   d. eliminate the “double taxation” that a taxpayer would face if his or her income were subject to tax in both countries   ANSWER:   d POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:17 PM

 

7. Which of the following issues is NOT addressed by tax treaties?   a. what tax disclosures must be made by a visitor to a host country   b. treatment of business and investment income earned by a foreign visitor in the United States   c. treatment of business and investment income earned by a foreign citizen in his home country   d. how to compute the taxable amount in the host country   e. all of these are correct   ANSWER:   c POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:17 PM

 

8. Which of the following statements is INCORRECT regarding tax treaties?   a. They are authorized by the U.S. Constitution.   b. They are usually initiated by the State Department, not the Treasury.   c. The United States can have multiple types of tax treaties with one country.   d. All of these are correct.   ANSWER:   b POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:41 PM

 

9. P.L. 107-16 is the citation for:   a. the Conference report on the 16th public law enacted in the 107th Congress   b. the 16th public law enacted in the 107th Congress   c. a public law enacted by Congress but not signed by the President   d. none of these are correct   ANSWER:   b POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:59 PM

 

10. In the House of Representatives, tax law changes are primarily considered by:   a. the Finance Committee   b. a Conference Committee   c. the Budget Committee   d. the Ways and Means Committee   ANSWER:   d POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:22 PM

 

11. If any differences exist between the House- and Senate-passed versions of a tax bill, the bill is referred to:   a. the Finance Committee   b. the President   c. a Conference Committee   d. the Supreme Court   ANSWER:   c POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:21 PM

 

12. Each Congress lasts for:   a. 2 years   b. 1 year   c. 3 years   d. 4 years   ANSWER:   a POINTS:   1 DIFFICULTY:   Easy QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   3/30/2017 11:37 AM

 

13. Which of the following statements is CORRECT regarding the enactment into law of a tax bill?   a. A tax bill must always be signed by the President to become law.   b. A tax law must be approved by the Treasury Department.   c. A tax law must either be signed into law by the President or Congress must override a presidential veto of the proposed law.   d. None of these are correct.   ANSWER:   c POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:23 PM

 

14. Which of the following statements is CORRECT regarding Committee Reports?   a. They are published in the Internal Revenue Bulletin.   b. They can be found in most subscription online tax services.   c. They explain the elements of proposed tax law changes and reasons for the changes.   d. All of these are correct.   e. None of these are correct.   ANSWER:   d POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:29 PM

 

15. Which of the following is CORRECT regarding the Floor Debate Report?   a. It is contained in the Congressional Record.   b. Technical or detailed information excluded from the committee report(s) may be included.   c. It summarizes the discussions made in the House or the Senate concerning a proposed tax bill.   d. All of these are correct.   ANSWER:   d POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:31 PM

 

16. A subtitle of the Internal Revenue Code:   a. is indicated by a capital letter, such as “Subtitle A”   b. relates to a well-defined area of the law   c. is used as a short-hand reference to describe types of corporations   d. is indicated by a capital letter, such as “Subtitle A,” and relates to a well-defined area of the law   e. all of the above   ANSWER:   d POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:34 PM

 

17. Which of the following statements is INCORRECT regarding the structure of the Internal Revenue Code?   a. Code section numbers start over in each chapter.   b. Each Code section is used only once in the Internal Revenue Code.   c. Code sections inserted between existing section numbers are indicated by adding a capital letter to the Section number (e.g., Section 25A)   d. The Internal Revenue Code is Title 26 of the United States Code.   ANSWER:   a POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:42 PM

 

18. The current Internal Revenue Code is the:   a. Internal Revenue Code of 2011   b. Internal Revenue Code of 1986   c. Internal Revenue Code of 1954   d. none of these are correct   ANSWER:   b POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:36 PM

 

19. Subtitle A of the Internal Revenue Code deals with:   a. estate and gift taxes   b. employment taxes   c. income taxes   d. excise taxes   ANSWER:   c POINTS:   1 DIFFICULTY:   Easy QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   3/30/2017 11:37 AM

 

20. Which of the following sections of the Internal Revenue Code deal with partnerships?   a. the 700s   b. the 300s   c. Section 162   d. Section 501   ANSWER:   a POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   3/30/2017 11:37 AM

 

21. Code Section 61 relates to:   a. deductions for adjusted gross income   b. the definition of gross income   c. corporate tax rates   d. the deduction for state taxes   ANSWER:   b POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   3/30/2017 11:37 AM

 

22. Which of the following statements is INCORRECT regarding the reasons tax researchers may have difficulty in interpreting the Internal Revenue Code?   a. Code sections can appear to conflict.   b. Definitions can be significantly different from the common use of a term.   c. All exceptions to a Code section are addressed within that same section.   d. Frequently, phrases modify percentage or dollar amounts.   ANSWER:   c POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:42 PM

 

23. A “technical corrections act” is:   a. a set of changes made by IRS to fit new tax law provisions into the Code   b. an act passed by Congress to remove errors in implementing and interpreting the new provisions of a tax law   c. the act that provides the effective dates for a new tax law   d. none of these are correct   ANSWER:   b POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:39 PM

 

24. Which of the following statements is INCORRECT regarding effective dates in the Internal Revenue Code?   a. All sections of a new tax law go into effect at the same time.   b. New Code provisions may not go into effect immediately upon adoption by Congress.   c. Some effective dates can precede passage of the act.   d. All of these are correct.   ANSWER:   a POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:43 PM

 

25. Which of the following statements is CORRECT regarding the definition of terms in the Internal Revenue Code?   a. All definitions are included in Section 7701.   b. Definitions are always included within the Code section to which they apply.   c. Definitions are written into the Code by the IRS rather than included in tax laws passed by Congress.   d. Sometimes, a researcher may need to consult the regulations to find a complete definition of a term.   ANSWER:   d POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   3/30/2017 11:37 AM

 

26. The 16th Amendment to the U.S. Constitution authorized the imposition of a Federal income tax.   a. True   b. False   ANSWER:   True POINTS:   1 DIFFICULTY:   easy QUESTION TYPE:   True / False HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   3/30/2017 11:37 AM

 

27. Statutory sources of federal tax law come out of the legislative branch of the U.S. government.   a. True   b. False   ANSWER:   True POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   True / False HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   5/1/2017 1:40 PM

 

28. Circuit Courts are administrative sources of the federal tax law.   a. True   b. False   ANSWER:   False RATIONALE:   FEEDBACK: Circuit Courts are judicial sources of the federal tax law. POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   True / False HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   5/1/2017 1:42 PM

 

29. In Pollock v. Farmers’ Loan and Trust Co., the Supreme Court held that the income tax was unconstitutional because it was a constitutionally prohibited “direct tax.”   a. True   b. False   ANSWER:   True POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   True / False HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:45 PM

 

30. Historically, the 1913 income tax was a tax on wealthy and high-income taxpayers.   a. True   b. False   ANSWER:   True POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   True / False HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:45 PM

 

31. Taxpayers who file frivolous returns are subject to a $25,000 fine.   a. True   b. False   ANSWER:   False RATIONALE:   FEEDBACK: The frivolous return penalty is $5,000. The Tax Court penalty for frivolous actions is $25,000. POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   True / False HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   3/30/2017 11:37 AM

 

32. Congress cannot override a Presidential veto of a tax bill.   a. True   b. False   ANSWER:   False POINTS:   1 DIFFICULTY:   Easy QUESTION TYPE:   True / False HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   3/30/2017 11:37 AM

 

33. The North American Free Trade Agreement (NAFTA) is a non-tax international treaty that addresses some tax-related issues.   a. True   b. False   ANSWER:   True POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   True / False HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:46 PM

 

34. Treaties may expire because of a specific Congressional time limitation.   a. True   b. False   ANSWER:   True POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   True / False HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:47 PM

 

35. Subparagraphs are the major divisions of the Internal Revenue Code covering such broad topics as Income Taxes, and Estate and Gift Taxes.   a. True   b. False   ANSWER:   False POINTS:   1 DIFFICULTY:   Easy QUESTION TYPE:   True / False HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   3/30/2017 11:37 AM

 

36. ​When a Code provision and a provision under a treaty conflict, the one adopted earlier in time generally rules.   a. True   b. False   ANSWER:   False POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   True / False HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   3/30/2017 11:37 AM

 

37. Tax treaties are agreements negotiated between countries concerning the treatment of entities subject to tax in both countries.   a. True   b. False   ANSWER:   True POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   True / False HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   3/30/2017 11:37 AM

 

38. The Joint Conference Committee is called on to resolve differences between the House Ways and Means Committee version and the full House version of tax legislation.   a. True   b. False   ANSWER:   False POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   True / False HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   3/30/2017 11:37 AM

 

39. Section 121(B)(2)(a)(b)(iii) would be a correct type of Code citation.   a. True   b. False   ANSWER:   False POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   True / False HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   3/30/2017 11:37 AM

 

40. Most tax legislation begins in the House of Representatives.   a. True   b. False   ANSWER:   True POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   True / False HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   3/30/2017 11:37 AM

 

41. The “General Explanation” of tax legislation, called the “Blue Book,” is prepared by the Joint Conference Committee.   a. True   b. False   ANSWER:   False POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   True / False HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:50 PM

 

42. Trade or business deductions are contained in Code Section 62.   a. True   b. False   ANSWER:   False POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   True / False HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   3/30/2017 11:37 AM

 

43. Whenever a major new tax law is passed, CCH and RIA both publish the related Committee Reports.   a. True   b. False   ANSWER:   True POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   True / False HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   3/30/2017 11:37 AM

 

44. A report of Floor Debate is included in the Congressional Record and may include some detailed or technical information that is excluded from a Committee Report.   a. True   b. False   ANSWER:   True POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   True / False HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:51 PM

 

45. The term “not less than 50” represents only those numbers which are more than 50.   a. True   b. False   ANSWER:   False POINTS:   1 DIFFICULTY:   Easy QUESTION TYPE:   True / False HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:52 PM

 

46. List several issues that tax treaties commonly address. ANSWER:   Any tax matter may be covered in a tax treaty with another country. Types of issues commonly covered by treaties include: ​ ​ • How to treat the business and investment income of a visiting taxpayer.​ • When the visitor is subject to the host country’s tax laws.​ • How to offset the possibility of taxing the same income or assets more than once.​ • How to compute the taxable amount in the host country.​ • To what extent the host-country withholding and taxes are applied to a visitor’s transactions.​ • How taxes levied by a state/province/canton are treated by the taxpayer.​ • What tax disclosures must be made by a visitor. ​ POINTS:   1 DIFFICULTY:   Challenging QUESTION TYPE:   Subjective Short Answer HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   3/30/2017 11:37 AM

 

47. What is a tax protester and what types of sanctions are tax protesters subject to? ANSWER:   A tax protester is someone who refuses to cooperate with the tax laws or pay tax based on frivolous or groundless legal positions. Frequently, tax protesters challenge the constitutionality of the federal income tax. Congress has passed several laws to discourage tax protesters. A taxpayer is subject to a $5,000 fine if he or she files a “frivolous” tax return as a form of protest against the IRS or the U.S. budgetary process. Also, the Tax Court can impose a penalty of up to $25,000 if the taxpayer brings a frivolous matter before the Court. POINTS:   1 DIFFICULTY:   Challenging QUESTION TYPE:   Subjective Short Answer HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   5/1/2017 1:42 PM

 

48. What information is included in the history of a Code section? ANSWER:   The history of a Code section includes a list of Public Laws that have altered or amended the section. This listing generally includes a reference to the section as it existed prior to amendment as well as the effective date of the amendment to the law. POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Subjective Short Answer HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   3/30/2017 11:37 AM

 

49. Describe the steps in the legislative process by which a tax bill becomes law. ANSWER:   Most tax legislation originates in the House of Representatives. In the House, tax law changes are considered by the House Ways and Means Committee. Upon approval of a bill by the Committee, the bill is sent to the full House for a vote. If it is passed, it goes to the Senate. In the Senate, the bill is referred to the Senate Finance Committee. When the Finance Committee approves the bill, it goes to the Senate floor for a vote. If the Senate passes a different version than the House version, the bill is sent to the Joint Conference Committee where the differences are resolved in negotiations. The compromise bill from the Joint Conference Committee must then be approved by both the House and the Senate. If approved, the legislation is sent to the President for his signature. If the President signs the measure, it becomes a Public Law and the new provisions are incorporated into the Internal Revenue Code. If the bill is vetoed by the President, Congress can override the veto with a sufficient revote. POINTS:   1 DIFFICULTY:   Challenging QUESTION TYPE:   Essay HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:37 AM DATE MODIFIED:   4/20/2017 4:57 PM

 

Chapter_5     1. An appeal from the Tax Court is to the:   a. U.S. Court of Appeals where the taxpayer is located   b. District Court where the taxpayer is located   c. U.S. Court of Federal Claims   d. Supreme Court   ANSWER:   a POINTS:   1 DIFFICULTY:   Easy QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:38 AM DATE MODIFIED:   4/21/2017 4:47 PM

 

2. If taxpayers choose NOT to pay a tax deficiency, then they must petition which court?   a. the District Court   b. the U.S. Court of Federal Claims   c. the Tax Court   d. the U.S. Court of Appeal   ANSWER:   c POINTS:   1 DIFFICULTY:   Easy QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:38 AM DATE MODIFIED:   4/21/2017 4:47 PM

 

3. In which of the following courts does the taxpayer have to pay first and then sue for a refund?   a. the Tax Court Small Cases Division   b. the District Courts and U.S. Court of Federal Claims   c. the U.S. Courts of Appeal   d. all of these are correct   ANSWER:   b POINTS:   1 DIFFICULTY:   Easy QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:38 AM DATE MODIFIED:   4/21/2017 4:54 PM

 

4. A decision of which of the following court(s) CANNOT be found in RIA’s American Federal Tax Reports (AFTR or AFTR2d)?   a. the District Courts   b. the Tax Court   c. the Supreme Court   d. the U.S. Court of Federal Claims   e. none of these are correct   ANSWER:   b POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:38 AM DATE MODIFIED:   4/21/2017 4:50 PM

 

5. In Francis T. Foster, et ux. v. Commissioner, 138 T.C. ___ (2012), No. 4, “138” stands for the:   a. year of decision   b. page number   c. volume number   d. paragraph number   ANSWER:   c POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:38 AM DATE MODIFIED:   4/21/2017 4:30 PM

 

6. Decisions of which court(s) are published by West Publishing Company in its Federal Supplement (F.Supp.) Series?   a. District Courts   b. U.S. Court of Federal Claims   c. U.S. Courts of Appeal   d. all of these are correct   ANSWER:   a POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:38 AM DATE MODIFIED:   4/21/2017 4:51 PM

 

7. In which of the following courts would a taxpayer want to argue an “emotional issue” rather than a “technical” issue?   a. the Supreme Court   b. the District Courts   c. the U.S. Court of Federal Claims   d. the U.S. Tax Court   ANSWER:   b POINTS:   1 DIFFICULTY:   Moderate QUESTION TYPE:   Multiple Choice HAS VARIABLES:   False DATE CREATED:   3/30/2017 11:38 AM DATE MODIFIED:   3/30/2017 11:38 AM