1. A resident of New York loses a tax case in the U.S. District Court for the Southern District of New York. She may appeal directly to:

a. U.S. Supreme Court.

b. U.S. Tax Court.

c. U.S. Circuit Court of Appeals for the Second Circuit

d. U.S. Circuit Court of Appeals for the New York Circuit.

e. U.S. Circuit Court of Appeals for the Federal Circuit.

2. Which statement is not true with respect to a final Regulation that interprets the tax law?

a. Must be approved by the President

b. Issued by the U.S. Treasury Department.

c. Provides guidance to taxpayers

d. Designed to provide an interpretation of the tax law.

e. Carries more legal force than a Revenue Ruling.