Professional Documents
Culture Documents
CHAPTER 2
EXAMINATION QUESTIONS
____1. Proposed regulations are usually issued where immediate guidance is important.
9. A taxpayer who loses in the U.S. Tax Court may appeal directly to the:
a. U.S. District Court.
b. U.S. Supreme Court.
c. U.S. Court of Appeals (Regional Circuit).
d. U.S. Court of Appeals (Federal Circuit).
e. None of the above.
2. F Letter rulings are available to the public after identifying details are deleted.
Determination letters are not published and are made known only to the party
making the request. p. 2-9
3. b All of the statements are false regarding TAMs except b. TAMs are released by
the National Office of the IRS, deal with completed transactions and may not be
cited as precedent. TAMs are also issued in response to questions raised by IRS
personnel during audits and not at the request of taxpayers. p. 2-10
4. e Appeals are available from all courts listed. p. 2-12 and Figure 2.3
5. c The U.S. Tax Court deals only with tax cases. p. 2-12 and Concept Summary 2.1
6. d p. 2-5
7. e All of the statements are true. Temporary regulations automatically expire within
3 years of issuance. p. 2-7
8. d All of the statements are false regarding letter rulings except d. Letter rulings are
issued by the National Office of the IRS (option a.) at the request of the taxpayer
(option d.), deal with proposed transactions (option b.), and are restricted to
selected areas of taxation (option c.). p. 2-9
9. c The appeal from the U.S. Tax Court is directly to the U.S. Court of Appeals
(Regional Circuit). p. 2-12 and Figure 2.3
10. d Subchapter K covers the tax treatment of Partners and Partnerships. p. 2-5