Individual Income Taxes Test
The following citation cannot be correct: James E. Wiese, T.C. Summary Opinion, 2005-91.
Answer:
True False
Correct.
The citation is correct. REF: p. 2-18
Correct
Probably the best combination of electronic tax resources is to conduct day-to-day work on online access systems augmented with CD searches where it is judged critical to do so.
Choose one answer. | a. True | | | b. False | Correct. |
Just the opposite is the case. p. 2-24
Correct
Marks for this submission: 1/1.
The Internal Revenue Code was first codified in 1954.
Choose one answer. | a. True | | | b. False | Correct. |
The first codified version was the Internal Revenue Code of 1939. The next recodification was in 1954. p. 2-2
Correct
Marks for this submission: 1/1.
Regular decisions of the Tax Court generally involve novel issues previously resolved by the U.S. Tax Court.
Choose one answer. | a. True | | | b. False | Correct. |
Note, however, sometimes the issues in a Regular decision of the Tax Court are not novel. p. 2-17
Correct
The computer-based CPA examination has four sections with true-false, multiple-choice, and case studies (called simulations).
Answer:
True False
Correct.
No true-false questions appear on the CPA exam. REF: p. 2-38
Correct
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.
Answer:
True False
Correct.
Only in the Tax Court can jurisdiction be obtained without first paying the assessed tax deficiency. REF: Concept Summary 2.1
Correct
Temporary Regulations are published in The Federal Register.
Answer:
True False
Correct.
Proposed, Temporary and final Regulations are published in the Federal Register, in the Internal Revenue Bulletin, and by major tax services. REF: p. 2-8
Correct
Subchapter K of the Internal Revenue Code covers what topic?
Choose one answer. | a. Penalty taxes. | | | b. S
Answer:
True False
Correct.
The citation is correct. REF: p. 2-18
Correct
Probably the best combination of electronic tax resources is to conduct day-to-day work on online access systems augmented with CD searches where it is judged critical to do so.
Choose one answer. | a. True | | | b. False | Correct. |
Just the opposite is the case. p. 2-24
Correct
Marks for this submission: 1/1.
The Internal Revenue Code was first codified in 1954.
Choose one answer. | a. True | | | b. False | Correct. |
The first codified version was the Internal Revenue Code of 1939. The next recodification was in 1954. p. 2-2
Correct
Marks for this submission: 1/1.
Regular decisions of the Tax Court generally involve novel issues previously resolved by the U.S. Tax Court.
Choose one answer. | a. True | | | b. False | Correct. |
Note, however, sometimes the issues in a Regular decision of the Tax Court are not novel. p. 2-17
Correct
The computer-based CPA examination has four sections with true-false, multiple-choice, and case studies (called simulations).
Answer:
True False
Correct.
No true-false questions appear on the CPA exam. REF: p. 2-38
Correct
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.
Answer:
True False
Correct.
Only in the Tax Court can jurisdiction be obtained without first paying the assessed tax deficiency. REF: Concept Summary 2.1
Correct
Temporary Regulations are published in The Federal Register.
Answer:
True False
Correct.
Proposed, Temporary and final Regulations are published in the Federal Register, in the Internal Revenue Bulletin, and by major tax services. REF: p. 2-8
Correct
Subchapter K of the Internal Revenue Code covers what topic?
Choose one answer. | a. Penalty taxes. | | | b. S