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Question;30Q30;In a U.S. District Court, a jury can decide both questions of fact and;questions of law.;31Q31;A district court must abide by the precedents set by the court of appeals of;jurisdiction.;32Q32;The Supreme Court must hear all cases appealed from the U.S. Court of Appeals;for the Federal Circuit.;33Q33;A cite such as 372 U.S. 39 indicates a memorandum decision of the Court of;Federal Claims.;34Q34;Generally, neither a tax law nor a tax treaty takes general precedence over the;other.;35Q35;In a courtroom challenge, the burden of proof is on the IRS to show that a;Regulation is right.;36Q36;Letter rulings may not be substantial;authority for purposes of the accuracy-related penalty in ? 6662.;37Q37;The CPA examination is now computer-based with increased emphasis on;information technology.;38Q38;Which provision could best be justified as a means of controlling the economy?;a.;Write-off of research and development expenditures.;b. Accelerated depreciation method for;depreciable capital expenditures.;c. Amortization of pollution control;facilities.;d. The rehabilitation tax credit.;e. None of the above.;39Q39;Which provision could best be justified as encouraging small business?;a.;S corporation election.;b. Percentage depletion.;c. Domestic production activities;deduction.;d. Interest deduction on home mortgage.;e. None of the above.;40Q40;Which provision is not justified by social considerations?;a.;Refundable earned income credit.;b. Adoption tax credit.;c. Like-kind exchange treatment.;d. Disallowance of illegal kickbacks.;e. None of the above.;41Q41;Which state is a common law property state?;a.;Arizona.;b. Louisiana.;c. New Mexico.;d. New York.;e. None of the above.;42Q42;Doug and Heather, related parties, are landlord and tenant as to certain;business property. If the IRS questions the amount of rent Heather is paying to;Doug, this is an illustration of the;a.;Arm?s length concept.;b. Continuity of interest concept.;c. Tax benefit rule.;d. Substance over form concept.;e. None of the above.;43Q43;Federal tax legislation generally originates in what body?;a.;Internal Revenue Service.;b. Senate Finance Committee.;c. House Ways and Means Committee.;d. House Taxation Committee.;e. None of the above.;44Q44;Regulations may first be found in;a.;Federal Register.;b. Cumulative;Bulletin.;c. Internal;Revenue Bulletin.;d. I.R.S.;Digest.;e. All of the above.;45Q45;Which citation is considered to be a legislative citation?;a.;Ltr. Rul. 199952058.;b. Ann. 94-5, 1994-2 I.R.B. 39.;c. Reg. ? 1.1014-1(c)(1).;d. ? 351.;e. None of the above.;46Q46;A technical advice memorandum is issued by;a.;Treasury Department.;b. National Office of the IRS.;c. Office of Chief Council.;d. Area Director.;e. None of the above.;47Q47;Revenue Rulings are published semiannually in the;a.;Cumulative Bulletin.;b. Federal;Revenue Bulletin.;c. Internal;Revenue Bulletin.;d. I.R.S.;Digest.;e. None of the above.;48Q48;Determine the incorrect citation;a.;Ltr. Rul. 20012305.;b. George;W. Guill, 112 T.C.__, No. 22 (1999).;c. Ltr. Rul. 200108052.;d. Rev. Rul, 98-32, I.R.B. No. 25, 4.;e. None of the above.;49Q49;Regarding technical advice memoranda, which statement is incorrect?;a.;Issued by the National Office of IRS.;b. Most often deal with a completed;transaction.;c. May be cited and used as precedent.;d. Issued with multi-digit file numbers.;e. None are incorrect.;50Q50;Which of the following sources has the highest;tax validity?;a.;Treasury Regulation.;b. Revenue Ruling.;c. Internal Revenue Code.;d. Proposed Regulation.;e. All of the above have same weight.;51Q51;Which of the;following is an administrative source of tax law?;a.;Rev. Proc. 2010-3.;b. Joint Conference Committee Report.;c. Section 12(a) of the Internal Revenue Code.;d. All of the above.;e. None of the above.;52Q52;Which of these citations does notrefer;to an administrative release?;a.;Notice 90-20, 1980-1 C.B. 328.;b. Ltr. Rul. 9333032 (May 24, 1993).;c. TAM 9510001 (March 6, 1995).;d. T.C. Summary Opinion, 2005-111.;e. All of the above.;53Q53;Which of the following indicates that a decision has precedential value for;future cases?;a.;Stare decicis.;b. Golsen;doctrine.;c. En;banc.;d. Reenactment doctrine.;e. None of the above.;54Q54;A taxpayer who loses in a U.S. District Court may appeal directly to the;a.;Supreme Court.;b. U.S. Tax Court.;c. U.S. Court of Federal Claims.;d. U.S. Circuit Court of Appeals.;e. All of the above.;55Q55;Identify the number of the Court(s) of Federal Claims.;a.;1.;b. 3.;c. 16.;d. 19.;e. None of the above is correct.;56Q56;Which trial court hears only tax disputes?;a.;U.S. District Court.;b. U.S. Tax Court.;c. U.S. Court of Federal Claims.;d. U.S. Court of Appeals.;e. None of the above.;57Q57;The Golsen doctrine applies to which;court?;a.;U.S. Tax Court.;b. U.S. District Court.;c. U.S. Court of Federal Claims.;d. U.S. Supreme Court.;e. Some other court.;58Q58;Which state is located in the jurisdiction of the Ninth Circuit of Appeals?;a.;Louisiana.;b. California.;c. New York.;d. South Carolina.;e. None of the above.;59Q59;Interpret the following citation: 64-1 USTC ? 9618, aff?din 344 F. 2d 966.;a.;A U.S. Tax Court Small Cases Division decision that was affirmed on appeal.;b. A U.S. Tax Court decision that was;affirmed on appeal.;c. A U.S. District Court decision that;was affirmed on appeal.;d. A U.S. Circuit Court of Appeals;decision that was affirmed on appeal.;e. None of the above.;60Q60;Which citation refers to a Third Circuit Court of Appeals decision?;a.;40 T.C. 1018.;b. 159 F. 2d 848 (CA-2, 1947).;c. 354 F. Supp. 1003 (D. Ct. Ga, 1972).;d. 914 F. 2d 396 (CA-3, 1990).;e. None of the above.;61Q61;Which citation refers to a U.S. Tax Court decision?;a.;Appollo Computer, Inc. v. U.S.,95-1;USTC ? 50,015 (Fed. Cl., 1994).;b. Westreco;Inc.,T.C. Memo. 1992-561 (1992).;c. Bausch;Lomb, Inc. v. Comm.,933 F. 2d 1084 (CA-2, 1991).;d. Portland;Manufacturing Co. v. Comm., 35 AFTR 2d 1439 (CA-9, 1975).;e. None of the above.;62Q62;If these citations appeared after a trial court decision, which one means that;the decision was viewed favorably?;a.;Aff?d 633 F. 2d 512 (CA-7, 1980).;b. Rem?d 399 F. 2d 800 (CA-5, 1968).;c. Rev?d 914 F. 2d 396 (CA-3, 1990).;d. Rev?d 935 F. 2d 203 (CA-5, 1991).;e. None of the above.;63Q63;Which trial court has 19 judges?;a.;U.S. Tax Court.;b. U.S. Court of Federal Claims.;c. U.S. Supreme Court.;d. U.S. Court of Appeals.;e. None of the above.;64Q64;Which trial court?s jurisdiction depends on the geographical location of the;taxpayer?;a.;U.S. Tax Court.;b. U.S. District Court.;c. U.S. Court of Federal Claims.;d. Small Cases Division of the Tax;Court.;e. None of the above.;65Q65;Which trial court decision is generally less authoritative?;a.;U.S. District Court.;b. U.S. Tax Court.;c. U.S. Court of Federal Claims.;d. Small Cases Division of the Tax;Court.;e. All of the above are the same.;66Q66;A Memorandum decision of the U.S. Tax Court could be cited as;a.;T.C. Memo. 1990-650.;b. 68-1 USTC ? 9200.;c. 37 AFTR 2d 456.;d. All of the above.;e. None of the above.;67Q67;Which court decision is generally more authoritative?;a.;A U.S. Tax Court decision.;b. Court of Federal Claims decision.;c. District Court decision.;d. U.S. Court of Appeals decision.;e. U.S. Tax Court Memorandum decision.;68Q68;Which of the following statements about an acquiescence is correct?;a.;An acquiescence is issued in the Federal;Register.;b. Acquiescences are published only for;certain regular decisions of the U.S. Tax Court.;c. An acquiescence is published in the Internal Revenue Bulletin.;d. The IRS does not issue acquiescences;to adverse decisions that are not appealed.;e. All of the above are correct.;69Q69;Which is a primary source of tax law?;a.;J.W. Yarbo v. Comm., 737 F. 2d 479;(CA-5, 1984).;b. Article by a Federal judge in Yale Law Review.;c. Determination letter.;d. Letter ruling.;e. All of the above are primary sources.

 

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