Question 1

Realizing how important tax research has become, LexisNexis developed a service exclusively for tax practitioners called the Lexis Advance Tax.

Accepted Answer

LexisNexis did develop a service exclusively for tax practitioners called the Lexis Advance Tax.

Question 2

Tax Journals published for the purpose of keeping tax practitioners abreast of current changes and trends in the tax law are referred to as Professional Notes.

Accepted Answer

Tax Journals published for the purpose of keeping tax practitioners abreast of current changes and trends in the tax law are generally referred to as Tax Journals or Tax Publications, not Professional Notes.

Question 3

Virtually all law schools train their students using the Westlaw system.

Accepted Answer

Westlaw is a widely used online legal research system and is commonly used by law schools to train their students.

Question 4

One of the most important tax newsletters available to practitioners is the BNA Daily Tax Report (DTR). DTR is available online; through wireless devices, including iPhones; and in hard copy.

Accepted Answer

The statement is true.

Question 5

Today, BNA is owned by Bloomberg, provides 350 news services, and is the largest independent publisher of business and government analysis for professionals.

Accepted Answer

This statement is true according to the information provided.

Question 6

The process of evaluating the validity of a case and locating additional authority often is called:

Accepted Answer

The process of evaluating the validity of a case and locating additional authority is known as Shepardizing. It involves checking the status of a case to determine whether it is still good law and finding other relevant cases that may support or undermine it. Analyzing and primary researching are important steps in the process, but they do not encompass the entire process. Citing refers to the act of referring to a case or authority in legal writing, but it does not involve evaluating the validity or locating additional authority.

Question 7

The publications containing a variety of articles and news briefs that are designed to keep readers up to date in specific or general areas of the tax law are called:

Accepted Answer

Tax Periodicals are specifically designed to keep readers up to date on the latest developments and changes in tax law. They may contain articles, news briefs, and other information on specific areas of tax law or the tax law in general. The other choices (A, C, and D) do not specifically refer to publications related to tax law updates and developments.

Question 8

The results of a LexisNexis Academic search may be listed either by relevance, chronological date, or:

Accepted Answer

In addition to relevance and chronological date, LexisNexis Academic allows users to sort search results by publication date. This can be helpful when looking for the most recent articles on a particular topic. Keyword and search are search features rather than options for sorting search results, and publisher is not a sorting option.

Question 9

The collection of papers, seminars, lectures, panel discussions, and demonstrations presented at yearly conferences of tax professionals is called the:

Accepted Answer

The collection of papers, seminars, lectures, panel discussions, and demonstrations presented at yearly conferences of tax professionals is typically referred to as the "annual proceedings." This term is commonly used across various industries to describe the published materials and presentations that come out of professional conferences. Therefore, option A is the correct choice. Option B is incorrect because webinars are not typically associated with yearly conferences, and option C is incorrect because annual awards are a different type of event that recognizes individuals' achievements rather than serving as a collection of professional development resources. Option D is not a commonly used term and doesn't accurately describe the materials found at these conferences.

Question 10

Perhaps the only tax services not available on LexisNexis are its competitors Checkpoint and Westlaw.

Accepted Answer

LexisNexis offers a wide range of tax services, but it does not provide access to its competitors' services, such as Checkpoint (by Thomson Reuters) and Westlaw.

Question 11

BNA provides a State Tax Series of portfolios organized by individual state rather than by state tax issues.

Accepted Answer

The answer of BNA provides a State Tax Series of...

Question 12

The citation for a printed tax journal article should take the following standard format: Sanders, Debra, Susan Gill, and Jill Zuber. 2009. Deductibility of bankruptcy costs and the origin of the claim. The Tax Advisor 40 (8): at 528.

Accepted Answer

This is the correct format for a citation of a printed tax journal article.

Question 13

The West Group, an authoritative legal publisher, offers tax research capabilities through its Westlaw and WestlawNext services. These services are administrative-oriented because they were designed by attorneys, for attorneys.

Accepted Answer

The answer of The West Group, an authoritative legal publisher,...

Question 14

Tax Analysts produces a variety of comprehensive state, federal, and international news, analysis, and commentary publications for the public on a daily, weekly, monthly, and quarterly basis.

Accepted Answer

The answer of Tax Analysts produces a variety of comprehensive...

Question 15

All major tax services include a publication as part of their service aimed at keeping the subscriber abreast of important tax law developments. These publications are called Newsletters.

Accepted Answer

All major tax services do include newsletters for their subscribers to stay informed about important tax law developments.

Question 16

Like BNA, Westlaw is accessible via the Internet and through wireless mobile devices.

Accepted Answer

Westlaw, similar to BNA, can be accessed via the internet and through wireless mobile devices.

Question 17

BNA offers four different ways to do a keyword search in the tax databases: Quick Search, Advanced Search, Go To, and Guided Search.

Accepted Answer

The statement is true. BNA offers Quick Search, Advanced Search, Go To, and Guided Search as different ways to do a keyword search in the tax databases.

Question 18

Most search indexes and databases such as Google Scholar, JSTOR, Business Source Premier, Thomson Reuters Web of Science, and ABI/Inform, facilitate the locating of relevant tax articles by focusing on a guided search strategy.

Accepted Answer

The answer of Most search indexes and databases such as...

Question 19

All major law schools, as well as organizations such as the National Tax Association, and the American Taxation Association, produce publications referred to as:

Accepted Answer

The term "scholarly reviews" is commonly used to refer to publications produced by law schools and academic organizations such as the National Tax Association and the American Taxation Association. These publications typically contain scholarly articles and analysis related to tax law and policy. "Newsletters" and "tax analyses" are also common types of publications in the field of tax law, but are not as closely associated with law schools and academic organizations as scholarly reviews are. "Journals of multistate taxation" is not a common term used to describe publications in the field of tax law.

Question 20

BNA Portfolios are grouped by area of common topic into COLLECTIONS (e.g., there are multiple portfolios on income tax accounting that will be displayed if one clicks on that heading).

Accepted Answer

BNA Portfolios are indeed grouped by area of common topic into collections, such as income tax accounting.

Quiz 8: Tax Services Specialty and Others