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Exam 2: Working With the Tax Law

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Question 41

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Which citation refers to a U.S.Tax Court decision?

A) Apollo 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 AFTR2d 1439 (CA-9, 1975) .
E) None of these.

F) C) and D)
G) All of the above

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Question 42

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Interpret the following citation: 64-1 USTC ¶9618, aff'd in 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 these.

F) B) and E)
G) A) and B)

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Question 43

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Technical Advice Memoranda deal with completed transactions.

The first codification of the tax law occurred in 1954.

The granting of a Writ of Certiorari indicates that at least four members of the Supreme Court believe that an issue is of sufficient importance to be heard by the full court.

Tax bills are handled by which committee in the U.S.House of Representatives?

Normally, when the Senate version of a tax bill differs from that passed by the House, a Joint Conference Committee drafts a compromise tax bill.

The following citation is correct: Larry G.Mitchell, 131 T.C.215 (2008).

Which of the following indicates that a decision has precedential value for future cases?

Determination letters usually involve completed transactions.

Currently, the Internal Revenue Code of 1986 does not contain §§ 308, 309, and 310.This absence means these sections were repealed by Congress.

The research process should always begin with a tax service.

A taxpayer who loses in a U.S.District Court may appeal directly to the:

Federal tax legislation generally originates in which of the following?

Which is not a primary source of tax law?

Revenue tax measures typically originate in the Senate Finance Committee of the U.S.Congress.

The IRS is not required to make a letter ruling public.

The primary purpose of effective tax planning is to reduce or defer the tax in the current tax year.

The petitioner refers to the party against whom a suit is brought.

Subchapter C refers to the subchapter in the Internal Revenue Code that deals with partnerships and partners.