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Identify which of the following statements is false.

•  A) Letter rulings are not published by the U.S. Government Printing Office.
•  B) Technical advice memoranda are issued by the Internal Revenue Service's National Office to provide an answer to a technical question that arises in an audit.
•  C) The citation Ann. 2006-12, I.R.B. 2006-51, 22 refers to an annotation of an Internal Revenue Service release.
•  D) Announcements are more technical than information releases.

Which of the following courts is not a trial court for tax cases?

•  A) U.S. Bankruptcy Court
•  B) U.S. District Court
•  C) U.S. Tax Court
•  D) U.S. Court of Federal Claims

George's case was handled under the "small tax case procedure." He does not agree with the findings of the Tax Court. He would like to appeal the decision. Which one of the following is true?

•  A) There is no appeal.
•  B) He can appeal the case, but only if the amount of tax involved is greater than $5,000.
•  C) He would appeal first to the U.S. Court of Appeals for the Federal Circuit.
•  D) He would appeal first to the U.S. Court of Federal Claims.

The citation "Reg. Sec. 1.199-2" refers to

•  A) the first regulation issued in 1999.
•  B) the second regulation issued in 1999.
•  C) a regulation that interprets Code Section 199.
•  D) a regulation that can be found on page 199.

When Congress passes a statute with language such as, "The Secretary shall prescribe such regulations as he may deem necessary," the regulations ultimately issued for that statute are

•  A) congressional regulations.
•  B) statutory regulations.
•  C) interpretative regulations.
•  D) legislative regulations.

Identify which of the following statements is true.

•  A) Tax planning is an integral part of both closed-fact situations and open-fact situations.
•  B) The first step in conducting tax research is to clearly understand the issues involved.
•  C) The Statements on Standards for Tax Services recommend that only written tax advice be provided to the client in all situations.
•  D) All of the above are false.

The Senate equivalent of the House Ways and Means Committee is the Senate

•  A) Finance Committee.
•  B) Ways and Means Committee.
•  C) Tax Committee.
•  D) Joint Conference Committee.

A Technical Advice Memorandum is usually

•  A) an internal IRS document describing alternative legislative proposals.
•  B) part of a Tax Court decision.
•  C) requested by the taxpayer before entering into a taxable transaction.
•  D) issued by the national office in response to an audit request.

If the U.S. Supreme Court decides to hear an appeal a tax case, it will grant a

•  A) writ of appeal.
•  B) writ of certiorari.
•  C) writ of detainer.
•  D) writ of habeas corpus.

Identify which of the following statements is false.

•  A) The acquiescence policy was adopted by the U.S. Tax Court to permit litigating parties to agree on the exact amount of the tax due.
•  B) Letter rulings are binding only with respect to the taxpayer requesting the ruling.
•  C) The small cases procedure of the U.S. Tax Court allows a less formal hearing but provides for no appeal.
•  D) The IRS may retroactively revoke an acquiescence.

The citation "Rev. Rul. 2006-8, 2006-1 C.B. 541" refers to

•  A) the eighth ruling of 2006 found on page 541 in Vol. 1 of the 2006 Cumulative Bulletin.
•  B) the eighth ruling of 2006 found on page 541 in the 2006 volume of the Cumulative Bulletin.
•  C) the 541st ruling of 2006 found on page eight in Vol. 1 of the 2006 Cumulative Bulletin.
•  D) the 1st ruling of 2006 found on page 541 in the 2006 volume of the Cumulative Bulletin.

Which of the following best describes the weight of a revenue ruling?

•  A) Revenue rulings carry more weight than regulations.
•  B) Revenue rulings carry more weight than federal court decisions.
•  C) Regulations carry more weight than revenue rulings.
•  D) Revenue rulings should never be used as authority since they only apply to the taxpayer requesting the ruling.

Identify which of the following statements is true.

•  A) If regulations are issued prior to the latest tax legislation dealing with a specific Code section, the regulations are no longer effective to the extent they conflict with the provisions in the new legislation.
•  B) Legislative regulations are more likely to be invalidated by the courts than are interpretative regulations.
•  C) Regulations have more authoritative weight than tax statues.
•  D) All of the above are false.

The committee that is responsible for holding hearings on tax legislation for the House of Representatives is the

•  A) Finance Committee.
•  B) Joint Committee on Taxation.
•  C) Conference Committee.
•  D) Ways and Means Committee.

The taxpayer need not pay the disputed tax in advance when the suit is initiated in

•  A) U.S. Court of Federal Claims.
•  B) U.S. Tax Court.
•  C) U.S. District Court.
•  D) both A and B.

When a taxpayer contacts a tax advisor requesting advice as to the most advantageous way to dispose of a stock, the tax advisor is faced with

•  A) a restricted-fact situation.
•  B) a closed-fact situation.
•  C) an open-fact situation.
•  D) a recognized-fact situation.

Which of the following statements regarding proposed regulations is not correct?

•  A) Proposed regulations expire after three years.
•  B) Practitioners and other interested parties may comment on proposed regulations.
•  C) Proposed and temporary regulations are generally issued simultaneously.
•  D) Proposed regulations do not provide any insight into the IRS's interpretation of the tax law.

The tax statutes with the popular name "The Internal Revenue Code of 1986" are contained in which Title of the Code?

•  A) 20
•  B) 25
•  C) 26
•  D) 301

When the House and Senate versions of a tax bill are not in agreement, the disagreements are resolved by the

•  A) Ways and Means Committee.
•  B) Mediation Committee.
•  C) Revenue Committee.
•  D) Conference Committee.

Which of the following documents is issued by the IRS to a specific taxpayer?

•  A) regulation
•  B) revenue procedure
•  C) letter ruling
•  D) information release