Part 1 Multiple Choice Section.

Question 1 Part 1

Which of the following arrangements of an Internal Revenue Code citation is customary?

Select one:

a.

Section 21(A) II(1)(a)iii

b.

Section 81(A)(iv), 2(b)c

c.

Section 243(a)(3)(C)(ii)

d.

Section 482(B)(4)(d)-i

e.

Section 501(IV)(a)5(B)(iii)

Question 2 Part 1

Determine the correct explanation for the following Wolters Kluwer citation--72-1 USTC P9725 (CA-2 1972).

Select one:

a.

CCH, U.S. Tax Court, P9725, 2nd District of California, 1972, page 1.

b.

CCH, U.S. Tax Cases, U.S. Court of Appeals, Second Circuit, 1972, Vol. 1, P9725.

c.

CCH, U.S. Tax Cases, 2nd Circuit of California, 1972, Vol. 1, P9725.

d.

CCH, U.S. Tax Court, U.S. Second Court of Appeals, 1972, California, Vol. 2, P9725.

Question 3 Part 1

The major portion of the Wolters Kluwer Standard Federal Tax Reports, in Volumes 1 through 18, consists of the various "Compilations." The purpose of the compilations is:

Select one:

a.

To offer tax planning ideas related to each income tax topic, and to direct the user to appropriate research articles in selected periodicals.

b.

To provide the reader with in-depth discussions of general concepts of law without reflecting details of the various Code sections or regulations.

c.

To outline related current developments, cross-referenced to each Code section, and to provide in-depth coverage of the legislative history of each Code section.

d.

To reflect the text of each Code section, followed by Regulations, Committee Reports, Explanations, and editorial opinion.

Question 4 Part 1

The authority of the U.S. government to raise revenue through a federal income tax is derived from:

Select one:

a.

The Internal Revenue Service

b.

Eisner v. Macomber (a Supreme Court case)

c.

The 16th Amendment to the Constitution

d.

The House Ways and Means Committee

Question 5 Part 1

Which of the following sources of tax law are cross-referenced to related Internal Revenue Code sections through the use of a similar numbering system?

Select one:

a.

Revenue Rulings

b.

Tax Court cases

c.

Treasury Regulations

d.

Determination Letters

Question 6 Part 1

Which of the following are not published either by the government or by any of the private publishing services?

Select one:

a.

Private Letter Rulings

b.

Tax Court Memorandum Decisions

c.

Revenue Procedures

d.

Determination Letters

Question 7 Part 1

Which of the following options is not available to a taxpayer after receipt of a 30-day letter from the IRS?

Select one:

a.

Sign the Form 879 and await assessment of the deficiency.

b.

File a protest and obtain a conference at the Appellate Division of the IRS.

c.

Either request or await a 90-day letter.

d.

Request a rehearing by a new IRS agent.

Question 8 Part 1

The term "Practice before the IRS" refers to:

Select one:

a.

Tax planning for nonprofit organizations

b.

Macro-economic tax projections

c.

Representing a client before the IRS

d.

Tax planning for timber and forest investments

Question 9 Part 1

Which of the following is not a "mathematical error" as defined in Code Section 6213?

Select one:

a.

An error in addition, subtraction, multiplication, or division shown on any return

b.

An incorrect use of any IRS table if such incorrect use is apparent from other information on the return

c.

An omission of income which should be included on the return

d.

Inconsistent entries on the return

Question 10 Part 1

Jury trial is available in the:

Select one:

a.

Tax Court

b.

"Small Tax Cases" procedures of the Tax Court

c.

Court of Federal Claims

d.

District Court