32 Free Test Bank for South Western Federal Taxation 2013 Corporations Partnerships Estates and Trusts 36th Edition by Hoffman 

With understandable overview of taxation principles and taxes on financial statements, it can’t be denied that 32 free test bank for South-Western Federal Taxation 2013 Corporations Partnerships Estates and Trusts 36th Edition by Hoffman multiple choice questions are a useful textbook test bank for students to prepare for the important exams. We offer free questions very closely to the textbook content attached with clear answers which are memorable to learners who are studying as well as working in organizations. To support learners’ knowledge perceiving optimization, free online taxation accounting question banks and explanation notes are also introduced in detail and totally easy to grasp. Complete and see how well you understand this subject.

Kindly go to the link to get full questions and answers:

https://testbank123.com/free-test-bank-for-south-western-federal-taxation-2013-corporations-partnerships-estates-and-trusts-36th-edition-by-hoffman.html

Near the end of 2011, the national debt per person was approximately:

•  $15,200.
•  $21,700.
•  $32,750.
•  $47,000.
•  $62,800.

Which of these citations does not refer to an administrative release?

•  Notice 90-20, 1980-1 C.B. 328.
•  Ltr. Rul. 9333032 (May 24, 1993).
•  TAM 9510001 (March 6, 1995).
•  T.C. Memo. 2009-94.
•  All of the above.

Which of the following sources has the highest tax validity?

•  Treasury Regulation.
•  Revenue Procedure.
•  Internal Revenue Code.
•  Temporary Regulation.
•  All have same weight.

Which citation refers to a U.S. Court of Federal Claims decision?

•  Appollo Computer, Inc. v. U.S., 95-1 USTC ¶ 50,015 (Fed. Cl., 1994).
•  Westreco, Inc., T.C. Memo. 1992-561 (1992).
•  Bausch & Lomb, Inc. v. Comm., 933 F. 2d 1084 (CA-2, 1991).
•  Portland Manufacturing Co. v. Comm., 35 AFTR 2d 1439 (CA-9, 1975).
•  None of the above.

Ralph sells property to Sam who, by prearranged plan, resells to Heather. If the IRS contends that the sale to Sam is to be disregarded,.this position is an application of the:

•  Substance over form concept.
•  Wherewithal to pay concept.
•  Tax benefit rule.
•  Arm’s length concept.
•  None of the above.

Which is the major objective of our Federal tax laws?

•  Economic factors.
•  Social reasons.
•  Equity factors.
•  Raising revenue.
•  Political reasons.

Which trial court has 16 judges?

•  U.S. Tax Court.
•  U.S. Court of Federal Claims.
•  U.S. Supreme Court.
•  U.S. Court of Appeals.
•  None of the above.
•  The U.S. Tax Court has 19 regular judges. The U.S. Court of Federal Claims has 16. Neither the U.S. Court of.Appeals nor the U.S. Supreme Court is a trial court.

Revenue Procedures are published semiannually in the:

•  Cumulative Bulletin.
•  Federal Revenue Bulletin.
•  Internal Revenue Bulletin.
•  I.R.S. Digest.
•  None of the above.

A technical advice memorandum is issued by:

•  Treasury Department.
•  National Office of the IRS.
•  Office of Chief Council.
•  Area Director.
•  None of the above.

Regarding technical advice memoranda, which statement is incorrect?

•  Issued by the National Office of IRS.
•  Most often deal with a completed transaction.
•  May be cited and used as precedent.
•  Issued with multi-digit file numbers.
•  None are incorrect.

Identify the number of the Court(s) of Federal Claims.

•  1.
•  3.
•  16.
•  19.
•  None of the above is correct.

Which, if any, of the provisions in the tax law below do not mitigate the effects of the annual accounting period concept?

•  Post year-end contribution to retirement plans for a self-employed person.
•  Carrybacks of net operating losses.
•  Installment sales treatment.
•  Carryovers of excess charitable contributions.
•  The arm’s length concept.

Which trial court’s jurisdiction depends on the geographical location of the taxpayer?

•  ANSWER
•  U.S. Tax Court.
•  U.S. District Court.
•  U.S. Court of Federal Claims.
•  Small Cases Division of the Tax Court.
•  None of the above.

Determine the incorrect citation:

•  Ltr. Rul. 20012305.
•  George W. Guill, 112 T.C.__, No. 22 (1999).
•  John H. Wong, T.C. Summary Opinion 2009-152.
•  Rev. Rul, 98-32, I.R.B. No. 25, 4.
•  None of the above.

Which of the following statements about an acquiescence is correct?

•  An acquiescence is issued in the Federal Register.
•  Acquiescences are published only for certain regular decisions of the U.S. Tax Court.
•  An acquiescence is published in the Internal Revenue Bulletin.
•  The IRS does not issue acquiescences to adverse decisions that are not appealed.

Which state is a community property state?

•  North Carolina.
•  California.
•  Vermont.
•  Florida.
•  All of the above.

Which state is located in the jurisdiction of the Fifth Court of Appeals?

•  Louisiana.
•  California.
•  New York.
•  South Carolina.
•  None of the above.

Which trial court allows a jury trial?

•  U.S. District Court.
•  U.S. Tax Court.
•  U.S. Court of Federal Claims.
•  U.S. Court of Appeals.
•  None of the above.

If these citations appeared after a trial court decision, which one means that the decision was viewed favorably?

•  Aff’d 633 F. 2d 512 (CA-7, 1980).
•  Rem’d 399 F. 2d 800 (CA-5, 1968).
•  Rev’d 914 F. 2d 396 (CA-3, 1990).
•  Rev’d 935 F. 2d 203 (CA-5, 1991).
•  None of the above.

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

•  Stare decicis.
•  Golsen doctrine.
•  En banc.
•  Reenactment doctrine.
•  None of the above.

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

•  Supreme Court.
•  U.S. Tax Court.
•  U.S. Court of Federal Claims.
•  U.S. Court of Appeals.
•  All of the above.

What is the overall objective of the write-off of research and development expenditures?

•  Encouragement of certain activities.
•  Control of economy.
•  Encouragement of certain industries.
•  None of the above.

A Memorandum decision of the U.S. Tax Court could be cited as:

•  T.C. Memo. 1990-650.
•  68-1 USTC ¶ 9200.
•  37 AFTR 2d 456.
•  All of the above.
•  None of the above.

Which court decision is generally more authoritative?

•  A U.S. Tax Court decision.
•  Court of Federal Claims decision.
•  District Court decision.
•  U.S. Court of Appeals decision.
•  U.S. Tax Court Memorandum decision.

Which citation refers to a Second Court of Appeals decision?

•  40 T.C. 1018.
•  159 F. 2d 848 (CA-2, 1947).
•  354 F. Supp. 1003 (D. Ct. Ga, 1972).
•  914 F. 2d 396 (CA-3, 1990).
•  None of the above.

Which is a primary source of tax law?

•  J.W. Yarbo v. Comm., 737 F. 2d 479 (CA-5, 1984).
•  Article by a Federal judge in Harvard Law Review.
•  Determination letter.
•  Letter ruling.
•  All of the above are primary sources.

The Golsen doctrine applies to which court?

•  U.S. Tax Court.
•  U.S. District Court.
•  U.S. Court of Federal Claims.
•  U.S. Supreme Court.
•  Some other court.

Interpret the following citation: 64-1 USTC ¶ 9618, aff’d in 344 F. 2d 966.

•  A U.S. Tax Court Small Cases Division decision that was affirmed on appeal.
•  A U.S. Tax Court decision that was affirmed on appeal.
•  A U.S. District Court decision that was affirmed on appeal.
•  None of the above.