Question 1

Which of the following statements is INCORRECT regarding Actions on Decisions AODs) ?

Accepted Answer

A)   AODs are prepared when the IRS loses a case in a court.
B)   AODs are published in the Internal Revenue Bulletin.
C)   AODs are published when the IRS wins a case in court.
D)   The IRS's decisions on AODs are driven by litigation costs, revenue effects, and administrative and policy directives.
E)   All of the above statements are correct.

Question 2

A Regulation can never be made effective retroactively.

Accepted Answer

A) True 
 B)False

Question 3

The IRS disclaims responsibility for damages that a taxpayer may suffer in erroneously relying on its Taxpayer Publications.

Accepted Answer

A) True 
 B)False

Question 4

The courts may invalidate IRS Regulations if they are found to conflict with the Code.
Short

Accepted Answer

A) True 
 B)False

Question 5

List the three types of IRS written determinations and briefly explain the differences.
Essay Questions

Accepted Answer

The three types of IRS written determina...

Question 6

IRS Publications are published in the monthly Internal Revenue Bulletin as well as on the IRS website.

Accepted Answer

A) True 
 B)False

Question 7

The Commissioner of the IRS is appointed by the:

Accepted Answer

A)   The Treasury Secretary
B)   The President of the United States
C)   The Chief Counsel of the IRS
D)   General Counsel of the Treasury Department

Question 8

Which of the following IRS pronouncement citations is INCORRECT?

Accepted Answer

A)   Notice 07-10, 2007 C.B. 324
B)   Publication 519
C)   Rev. Proc. 2011-14, 2011 I.R.B. 532
D)   Action on Decision 2010-002
E)   All of the above citations are correct.

Question 9

Treasury Decisions are published first, officially, in:

Accepted Answer

A)   the Internal Revenue Bulletin
B)   first in the Internal Revenue Bulletin and then in the Federal Register
C)   the Federal Register
D)   Congressional Committee Reports

Question 10

The Internal Revenue Bulletin also is published in twice-yearly, bound volumes as the Cumulative Bulletin.

Accepted Answer

A) True 
 B)False

Question 11

A nonacquiescence indicates that the IRS disagrees with the adverse decision in the case and will follow the decision only for the specific taxpayer whose case resulted in the adverse ruling.

Accepted Answer

A) True 
 B)False

Question 12

Which citation represents the CORRECT numbering scheme for identification of IRS written determinations?

Accepted Answer

A)   199538005 where "1995" is the year, "38" is the week of the year, and "005" is the number of the ruling/memoranda that week.
B)   LTR 2010-43, where "2010" is the year and "43" is the number of the ruling or memoranda for that year.
C)   1996 C.B. 6, where 1996 is the year and 6 is the page number for the ruling or memoranda.
D)   200917024 where "2009" is the year, "17" is the week of the year, and "024" is the number of the ruling/memoranda for that week.

Question 13

Temporary Regulations must be followed by taxpayers until they are superseded or until they expire.

Accepted Answer

A) True 
 B)False

Question 14

The IRS's general authority to issue binding rules and regulations comes from which source?

Accepted Answer

A)   The United States Constitution
B)   An Executive Order of the President
C)   A section of the Internal Revenue Code itself.
D)   None of the above.

Question 15

An acquiescence indicates that a court decision will be:

Accepted Answer

A)   appealed by the IRS.
B)   followed in similar situations only if it favors the IRS.
C)   followed in similar situations, even if it is adverse to the IRS.
D)   ignored by the IRS.

Question 16

Which of the following IRS pronouncements has the highest weight of authority?

Accepted Answer

A)   IRS Revenue Rulings
B)   IRS Taxpayer Publications
C)   IRS Announcements
D)   All of the above IRS pronouncements have equal weight of authority.

Question 17

Actions on Decision are published by the IRS in the Internal Revenue Bulletin first and thereafter in the Cumulative Bulletin.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following Regulations bears the greatest precedential value?

Accepted Answer

A)   Legislative Regulations
B)   Proposed Regulations
C)   General Regulations
D)   Income Tax Regulations

Question 19

Describe the Internal Revenue Bulletin and identify the types of documents published in the Bulletin. Explain when it is published and the citations used to reference the Bulletin.

Accepted Answer

THE INTERNAL REVENUE BULLETIN
The Intern...

Question 20

IRS General Counsel Memoranda are legal analyses which:

Accepted Answer

A)   convey the IRS decision to acquiesce/nonacquiesce in a court decision.
B)   summarize and explain published IRS Regulations.
C)   assist in preparation of both Revenue Rulings and Private Letter Rulings.
D)   have only short-term value.

Exam 4: Administrative Regulations and Rulings

Which of the following Regulations bears the greatest precedential value?

Correct AnswerverifiedShow Answer

An acquiescence indicates that a court decision will be:

Correct AnswerverifiedShow Answer

A Regulation can never be made effective retroactively.

Correct AnswerverifiedShow Answer

List the three types of IRS written determinations and briefly explain the differences. Essay Questions

Correct AnswerverifiedThe three types of IRS written determina...View AnswerShow Answer

IRS General Counsel Memoranda are legal analyses which:

Correct AnswerverifiedShow Answer

Which of the following statements is INCORRECT regarding Actions on Decisions AODs) ?

Correct AnswerverifiedShow Answer

Treasury Decisions are published first, officially, in:

Correct AnswerverifiedShow Answer

The Internal Revenue Bulletin also is published in twice-yearly, bound volumes as the Cumulative Bulletin.

Correct AnswerverifiedShow Answer

The IRS disclaims responsibility for damages that a taxpayer may suffer in erroneously relying on its Taxpayer Publications.

Correct AnswerverifiedShow Answer

IRS Publications are published in the monthly Internal Revenue Bulletin as well as on the IRS website.

Correct AnswerverifiedShow Answer

The Commissioner of the IRS is appointed by the:

Correct AnswerverifiedShow Answer

The courts may invalidate IRS Regulations if they are found to conflict with the Code. Short

Correct AnswerverifiedShow Answer

The IRS's general authority to issue binding rules and regulations comes from which source?

Correct AnswerverifiedShow Answer

Which of the following IRS pronouncements has the highest weight of authority?

Correct AnswerverifiedShow Answer

A nonacquiescence indicates that the IRS disagrees with the adverse decision in the case and will follow the decision only for the specific taxpayer whose case resulted in the adverse ruling.

Correct AnswerverifiedShow Answer

Which of the following IRS pronouncement citations is INCORRECT?

Correct AnswerverifiedShow Answer

Temporary Regulations must be followed by taxpayers until they are superseded or until they expire.

Correct AnswerverifiedShow Answer

Which citation represents the CORRECT numbering scheme for identification of IRS written determinations?

Correct AnswerverifiedShow Answer

Actions on Decision are published by the IRS in the Internal Revenue Bulletin first and thereafter in the Cumulative Bulletin.

Correct AnswerverifiedShow Answer

Describe the Internal Revenue Bulletin and identify the types of documents published in the Bulletin. Explain when it is published and the citations used to reference the Bulletin.

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The three types of IRS written determina...
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THE INTERNAL REVENUE BULLETIN
The Intern...
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