Tax 2 Ch 2

37. If Paula requests an extension to file her tax return, the latest she could file her return without penalty is: A. September 15th. B. October 15th. C. August 15th. D. November 15th. E. None of these.

36. Which of the following is not a factor that determines whether a taxpayer is required to file a tax return? A. Filing status. B. Taxpayer's gross income. C. Taxpayer's employment. D. Taxpayer's age. E. None of these.

38. If Lindley requests an extension to file her tax return, the latest she could pay her tax due without penalty is: A. April 15th. B. October 15th. C. August 15th. D. November 15th. E. None of these.

39. Corporations are required to file a tax return only if their taxable income is greater than: A. $0. B. $1,000. C. $600. D. $750. E. None of these.

55. Basu received a letter from the IRS that gave him the choice of (1) paying a proposed deficiency or (2) filing a petition with the U.S. Tax Court. Basu received the: A. 30-day letter. B. 90-day letter. C. Appeals letter. D. Tax adjustment letter. E. None of these.

56. Which of the following courts is the only court that provides for a jury trial? A. Tax Court. B. U.S. Court of Federal Claims. C. U.S. District Court. D. U.S. Circuit Court of Appeals. E. None of these.

57. Lavonda discovered that the 5th Circuit (where Lavonda resides) has recently issued a favorable opinion with respect to an issue that she is going to litigate with the IRS. Lavonda should choose which of the following trial courts to hear her case: A. Tax Court only. B. U.S. Court of Federal Claims only. C. U.S. District Court only. D. Tax Court or the U.S. District Court. E. Tax Court or the U.S. Court of Federal Claims.

58. Lavonda discovered that the U.S. Circuit Court of Appeals for the Federal Circuit has recently issued a favorable opinion with respect to an issue that she is going to litigate with the IRS. Lavonda should choose which of the following trial courts to hear her case: A. Tax Court only. B. U.S. Court of Federal Claims only. C. U.S. District Court only. D. Tax Court or the U.S. District Court. E. Tax Court or the U.S. Court of Federal Claims.

59. Rowanda could not settle with the IRS at the appeals conference. If she wants to litigate the issue but does not have sufficient funds to pay the proposed tax deficiency, Rowanda should litigate in the: A. U.S. District Court. B. U.S. Circuit Court of Appeals. C. U.S. Court of Federal Claims. D. Tax Court. E. None of these.

60. Which of the following is not considered a primary authority? A. Tax Court case. B. Regulation. C. Revenue Ruling. D. Tax service. E. None of these.

61. Which of the following is not considered a secondary authority? A. Text book. B. Private Letter Ruling. C. Tax article. D. Tax service. E. None of these.

62. Which of the following has the highest authoritative weight? A. Text book. B. Private letter ruling. C. Revenue ruling. D. Tax service. E. Tax article.

63. Which of the following has the highest authoritative weight? A. Legislative regulation. B. Private letter ruling. C. Revenue ruling. D. Action on decision. E. Revenue procedure.

64. Josephine is considering taking a 6 month rotation in Paris for her job. Which type of authority may be especially helpful in determining the tax consequences of Josephine's job in Paris? A. Determination letter. B. Private letter ruling. C. Tax treaty. D. Regulation. E. Revenue procedure.

65. Generally, code sections are arranged (grouped together): A. chronologically. B. by topic. C. randomly. D. by length. E. None of these.

66. Which of the following has the lowest authoritative weight? A. Legislative regulation. B. Private letter ruling. C. Revenue ruling. D. Interpretative regulation. E. Revenue procedure.

67. Which judicial doctrine means that a court will rule consistently with its previous rulings and the rulings of higher courts with appellate jurisdiction? A. judicial hierarchy. B. the Goldman rule. C. judicial consistency. D. stare decisis. E. None of these.

68. The regulation with the lowest authoritative weight is the: A. procedural regulation. B. interpretative regulation. C. proposed regulation. D. legislative regulation. E. None of these.

69. Princess, who resides in the 2nd Circuit, recently found a circuit court case that is favorable to her research question. Which of the following circuits would she prefer to have issued the opinion? A. 2nd Circuit. B. Federal Circuit. C. 1st Circuit. D. 2nd Circuit or the Federal Circuit. E. None of these.

70. Jaime recently found a "favorable" trial level court opinion directly on point for her tax question. Which trial level court would she prefer to have issued the opinion? A. Tax Court. B. District Court. C. Circuit Court. D. Divorce Court. E. None of these.

71. Which of the following committees typically initiates for tax legislation? A. House Ways and Means Committee. B. Joint Conference Committee. C. Senate Finance Committee. D. Senate Tax Committee. E. None of these.

72. Edie would like to better understand a new code section enacted four weeks ago. Which of the following authorities will help Edie understand the newly enacted code section? A. IRS regulations. B. U.S. Tax Court cases. C. Committee reports. D. IRS revenue rulings. E. None of these.

73. If the President vetoes tax legislation, Congress: A. cannot override the President's veto. B. can override the President's veto with a 50 percent positive vote in the House and Senate. C. can override the President's veto with a 2/3rd positive vote in the House and Senate. D. can override the President's veto with a 75 percent positive vote in the House and Senate. E. None of these.