Question 1

Because the U.S.District Court hears a broader set of cases,decisions by the U.S.District Court may be considered to have more authoritative weight than the U.S.Court of Federal Claims.

Accepted Answer

A) True 
 B)False

Question 2

The tax return filing requirements for individual taxpayers only depend on the taxpayer's filing status.

Accepted Answer

A) True 
 B)False

Question 3

An extension to file a tax return does not extend the due date for tax payments.

Accepted Answer

A) True 
 B)False

Question 4

Corporations are required to file a tax return only if their taxable income is greater than:

Accepted Answer

A)   $0.
B)   $1,000.
C)   $600.
D)   $750.
E)   None of the choices are correct. Corporations are always required to file a tax return.F) A) and D)
G) A) and C)

Question 5

A tax practitioner can avoid IRS penalty relating to a tax return position:

Accepted Answer

A)   if the position is frivolous and disclosed on the tax return.
B)   if the position has a realistic possibility of being sustained by the IRS or courts.
C)   if there is substantial authority to support the position.
D)   if the position has a reasonable basis and is not disclosed on the tax return.
E)   None of the choices are correct.F) C) and E)
G) A) and D)

Question 6

A taxpayer can avoid a substantial understatement of tax penalty:

Accepted Answer

A)   if the position is frivolous and disclosed on the tax return.
B)   if the position has a realistic possibility of being sustained by the IRS or courts.
C)   if the position is not frivolous and disclosed on the tax return.
D)   if the position has a reasonable basis and is disclosed on the tax return.
E)   None of the choices are correct.F) A) and E)
G) A) and C)

Question 7

For which of the following tax violations is a civil penalty not imposed on taxpayers?

Accepted Answer

A)   Failure to file a tax return.
B)   Failure to pay tax owed.
C)   Fraud.
D)   Failure to make estimated tax payments.
E)   None of the choices are correct.F) C) and D)
G) None of the above

Question 8

The IRS has recently completed its audit of Lorene's corporation.As a tax novice,she has very little understanding regarding the audit process and what happens next.Describe the post-audit process for Lorene and identify her options.

Accepted Answer

After the examination,the IRS agent prov...

Question 9

Which of the following is not a factor that determines whether a taxpayer is required to file a tax return?

Accepted Answer

A)   Filing status.
B)   Taxpayer's gross income.
C)   Taxpayer's employment.
D)   Taxpayer's age.
E)   None of the choices are correct.F) B) and E)
G) B) and D)

Question 10

In researching a tax issue,Eric finds that the U.S.Circuit Court of Appeals for the Federal Circuit previously has ruled in favor of his tax position,whereas the 11ᵗʰ Circuit (Eric's circuit)previously has ruled against his tax position.If Eric is contemplating litigating his tax position with the IRS,he should prefer to have his case first tried by the U.S.Tax Court.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is not a common tool used in conducting tax research?

Accepted Answer

A)   Citator.
B)   Annotated tax service.
C)   Topical tax service.
D)   Keyword search.
E)   None of the choices are correct.F) B) and E)
G) C) and D)

Question 12

If April 15ᵗʰ falls on a Saturday,the due date for individual tax returns will be on Monday,April 17ᵗʰ.

Accepted Answer

A) True 
 B)False

Exam 2: Tax Compliance, The IRS and Tax Authorities

For which of the following tax violations is a civil penalty not imposed on taxpayers?

Correct Answer
verified

Corporations are required to file a tax return only if their taxable income is greater than:

Correct Answer
verified

Correct Answer
verified

Which of the following is not a common tool used in conducting tax research?

Correct Answer
verified

Because the U.S.District Court hears a broader set of cases,decisions by the U.S.District Court may be considered to have more authoritative weight than the U.S.Court of Federal Claims.

Correct Answer
verified

The tax return filing requirements for individual taxpayers only depend on the taxpayer's filing status.

Correct Answer
verified

An extension to file a tax return does not extend the due date for tax payments.

Correct Answer
verified

The IRS has recently completed its audit of Lorene's corporation.As a tax novice,she has very little understanding regarding the audit process and what happens next.Describe the post-audit process for Lorene and identify her options.

Correct Answer
verified
After the examination,the IRS agent prov...
View Answer

Which of the following is not a factor that determines whether a taxpayer is required to file a tax return?

Correct Answer
verified

A taxpayer can avoid a substantial understatement of tax penalty:

Correct Answer
verified

A tax practitioner can avoid IRS penalty relating to a tax return position:

Correct Answer
verified

If April 15ᵗʰ falls on a Saturday,the due date for individual tax returns will be on Monday,April 17ᵗʰ.

Correct Answer
verified

Exam 2: Tax Compliance, The IRS and Tax Authorities

For which of the following tax violations is a civil penalty not imposed on taxpayers?

Correct AnswerverifiedShow Answer

Corporations are required to file a tax return only if their taxable income is greater than:

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Which of the following is not a common tool used in conducting tax research?

Correct AnswerverifiedShow Answer

Because the U.S.District Court hears a broader set of cases,decisions by the U.S.District Court may be considered to have more authoritative weight than the U.S.Court of Federal Claims.

Correct AnswerverifiedShow Answer

The tax return filing requirements for individual taxpayers only depend on the taxpayer's filing status.

Correct AnswerverifiedShow Answer

An extension to file a tax return does not extend the due date for tax payments.

Correct AnswerverifiedShow Answer

The IRS has recently completed its audit of Lorene's corporation.As a tax novice,she has very little understanding regarding the audit process and what happens next.Describe the post-audit process for Lorene and identify her options.

Correct AnswerverifiedAfter the examination,the IRS agent prov...View AnswerShow Answer

Which of the following is not a factor that determines whether a taxpayer is required to file a tax return?

Correct AnswerverifiedShow Answer

A taxpayer can avoid a substantial understatement of tax penalty:

Correct AnswerverifiedShow Answer

A tax practitioner can avoid IRS penalty relating to a tax return position:

Correct AnswerverifiedShow Answer

If April 15ᵗʰ falls on a Saturday,the due date for individual tax returns will be on Monday,April 17ᵗʰ.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
After the examination,the IRS agent prov...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified