1-Helen maintains the cost of a home shared by her and 16 year old daughter, Jill. Helens ex husband and Jills father, Pat, contributes over half of Jills support for the current year. Which of the following statements is false?

Question options:

	Only Pat can claim Jill as a dependent
	Either Helen or Pat (but not both!) can claim Jill as a dependent since together they provide over half of Jill's support
	Helen may file as head of household
	Pat may not file as head of household

2-Question options:With regard to the OID (Original Issue Discount) Rules, which of the following statements is false?

	taxpayers may recognize interest from corporate 0% coupon bonds all at the time of maturity
	taxpayers must accrue interest income each period on these securities even if they are cash basis taxpayers
	US Series EE (Savings) bonds are exempted from these rules
	none of the above

3-Question options:Donna receives a need based scholarship of $10,000 that covers half of her tuition. She also receives a total stipend of $7,000 for her job as a resident advisor in the campus dormitories. In addition, she receives free room and board in the dorms (a fair market value of $12,000) where she is required to live. The taxable amount of these payments to Donna is ______

	$29,000
	$19,000
	$7,000
	some other amount

4-Question options:Which of the following forms of tax law provides the Internal Revenue Services interpretation of the correct tax law to apply to a set of facts proposed by taxpayers?

	Internal Revenue Code
	Revenue Ruling
	Proposed Regulation
	Final Regulation

5-Question options:Jerome receives a notice of additional taxes due from the IRS. Jerome appeals the decision and goes through an IRS administrative appeal procedure. Jeromes additional tax liability is adjusted downward slightly by the final appeals officer but a significant balance due remains. If Jerome wishes to dispute his case further and does not pay the balance claimed, he must file a petition to the _________ in order to halt immediate collection efforts and have his case resolved by the federal court.

	US Court of Claims
	US District Court
	US Tax Court
	US Court of Appeals