Question 1

Dwayne is upset by an IRS agent's decision after an audit of Dwayne's tax return.Dwayne tells you,"I'm taking this case all the way to the Supreme Court." Comment on the appropriateness of Dwayne's statement.

Accepted Answer

The answer of Dwayne is upset by an IRS agent's...

Question 2

Citators

Accepted Answer

Citators provide information on the history of a court case, including subsequent treatment and citations by other cases, making them an important tool for effective legal research. They are not primary authorities and are necessary for effective research. They refer to other cases citing the case being evaluated.

Question 3

Which of the following is (are)secondary sources of tax law?
I.Revenue Ruling.
II.The Tax Adviser.
III.Murphy and Higgins' Concepts in Federal Taxation.
IV.Tax Treaty with Denmark.

Accepted Answer

Revenue Ruling (I) is a primary source of tax law since it is issued by the IRS. The Tax Adviser (II) and Murphy and Higgins' Concepts in Federal Taxation (III) are examples of secondary sources of tax law since they provide commentary and analysis on the primary sources of tax law but are not directly issued by the government. Tax Treaty with Denmark (IV) is not a source of tax law but rather an agreement between two governments relating to the taxation of individuals and entities between the two countries. Therefore, the correct answer is statement II and III.

Question 4

Taxpayers may choose one of several different courts in which to initiate litigation.Discuss the pros and cons of the different trial level courts.

Accepted Answer

The answer of Taxpayers may choose one of several different...

Question 5

Rewrite each of the following citations in proper form:
a.Subsection (b)of the third treasury regulation issued under Code Section 614 (Income Tax).
b.Revenue Ruling 72-151,found on page 88 of the second cumulative bulletin of 1972.
c.Metropolitan Laundry Co.,case 52-1 USTC 9129 Vol 100 Federal Supplement at page 803 District Court of California.
d.Henry M.Rodney (Tax Court 1969),volume 53 Reports of the U.S Tax Court,page 287.
e.Paragraph 3 of subsection b,Section 217 of the Internal Revenue Code of 1986.

Accepted Answer

The answer of Rewrite each of the following citations in...

Question 6

During the past week,Dennis contacted his CPA to obtain advice on the most advantageous way to make a generous contribution to the accounting program at his alma mater.The CPA's work is

Accepted Answer

Contacting a CPA to obtain advice on the most advantageous way to make a contribution to a charity or educational institution falls under tax planning, as the individual is seeking to minimize their tax liabilities while also making a charitable donation.

Question 7

This problem requires determining the type of tax law authority and the relative importance within that authority category.Indicate "1" for the highest-ranking item within each category.Indicate "2" for the next-highest ranking item within each category.Each column may have zero,one,or more items ranked.
 $\begin{array}{|l|l|l|l|l|}
\hline & \text { Legislative } & \text { Judicial } & \text { Administrative } & \text { Secondary } \
\hline \text { Internal Revenue Code } & & & & \
\hline \text { Treasury Regulations } & & & & \
\hline \text { US Constitution } & & & & \
\hline \text { Standard Federal Tax } \
\text { Reporter (CCH) }\
\hline \text { Revenue Procedures } \
\hline \text { Supreme Court } \
\hline \text { 
Tax Court } \
\hline
\end{array}$

Accepted Answer

The answer of This problem requires determining the type of...

Question 8

In planning situations,tax research is undertaken
I.To always attempt to minimize taxes.
II.Considering the client's nontax objectives.
III.To find the best way to accomplish a desired result.
IV.Considering the client's tax objectives.

Accepted Answer

Tax research is not only about minimizing taxes but also considering the client's nontax objectives, finding the best way to accomplish a desired result, and considering the client's tax objectives. Therefore, statements II, III, and IV are correct while statement I is incomplete.

Question 9

All of the following are advantages of computer-assisted tax research (CATR),except

Accepted Answer

CATR sources may include both primary and secondary sources of tax law.

Question 10

Greene is an individual taxpayer residing in Colorado (the Tenth Circuit).She has a disagreement with the IRS on a transaction.Her former accountant told her that she has "less than a 50/50 chance of winning." However,she was recently told of one case with similar facts that was decided in a way that would favor Greene.The U.S.Circuit Court of Appeals for the Fifth Circuit decided that case.If Greene takes her case to the U.S.Tax Court,should she feel confident of prevailing? Explain.

Accepted Answer

The answer of Greene is an individual taxpayer residing in...

Question 11

Which of the following statements is correct?
I.The history of a cited case refers to all other decisions by higher or lower courts in the same case.
II.The citator gives information about how the decision of a cited case has been interpreted by other courts.

Accepted Answer

Statement I is correct as the history of a cited case refers to all other decisions made by higher or lower courts in the same case. Statement II is also correct as the citator provides information about how the decision in a cited case has been interpreted by other courts. Therefore, both statements are correct.

Question 12

Describe the steps of the tax research process.

Accepted Answer

The answer of Describe the steps of the tax research...

Quiz 16: Tax Research

Dwayne is upset by an IRS agent's decision after an audit of Dwayne's tax return.Dwayne tells you,"I'm taking this case all the way to the Supreme Court." Comment on the appropriateness of Dwayne's statement.

Citators

Which of the following is (are) secondary sources of tax law? I.Revenue Ruling. II.The Tax Adviser. III.Murphy and Higgins' Concepts in Federal Taxation. IV.Tax Treaty with Denmark.

Taxpayers may choose one of several different courts in which to initiate litigation.Discuss the pros and cons of the different trial level courts.

During the past week,Dennis contacted his CPA to obtain advice on the most advantageous way to make a generous contribution to the accounting program at his alma mater.The CPA's work is

In planning situations,tax research is undertaken I.To always attempt to minimize taxes. II.Considering the client's nontax objectives. III.To find the best way to accomplish a desired result. IV.Considering the client's tax objectives.

All of the following are advantages of computer-assisted tax research (CATR) ,except

Which of the following statements is correct? I.The history of a cited case refers to all other decisions by higher or lower courts in the same case. II.The citator gives information about how the decision of a cited case has been interpreted by other courts.

Describe the steps of the tax research process.