True/False-Explain all Fal you believe that the question is ambiguous. se answers. You may also provide a response to True statements if 1. Proposed regulations carry more weight than temporary regulations. 2. Procedural regulations are housekeeping-type instructions. 3. The gra nting of a writ of certiorari indicates that at least three members of the Supreme Court believe that an issue is of sufficient importance to New Jersey is in the jurisdiction of the Eighth Circuit Court of Appeals. The IRS is required to make a letter ruling public. Subchapter S refers to the "Partners and Partnership" section of the Internal Reven Code. A court generally will hold a legislative regulation to be invalid if warra be heard by the full court. 4. 5. 6. 7. he IRS responds to a taxpayer request concerning the lax treatment of a completed transaction in a letter ruling. The head of IRS operations is the Chief 9. audit rate for individual returns has been about 10. Recently, the overall Federal income tax 11. When the IRS issues a notice of tax due, the taxpayer has 90 days to either pay the tax 12. Neither party can appeal a decision of the Tax Court Small Cases Division 20% or file a petition with the Tax Court. 13. A S500 penalty is assessed if the tax preparer intentionally disregards IRS rules in completing the return. 14. The Statements on Standards for Tax Services apply to attorneys, as well as to CPAs 15. When a practitioner discovers an error in a client's prior returm, the Statements on Standards for Tax Services require that he