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Principles of Taxation

Business

Quiz 5 :

Tax Research

Quiz 5 :

Tax Research

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Tax judicial decisions each have a single,unique citation.
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True False
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False

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The final step in the tax research process is to document and communicate research conclusions.
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True False
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True

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Tax research typically occurs as part of the tax compliance process; it is rarely important in tax planning.
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True False
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False

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Novice tax researchers tend to examine less material in the course of a tax research project than experienced tax researchers.
True False
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The results of the tax research process should be documented in a research memo,in a letter to the client,or both.
True False
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Step 4 of the tax research process is to repeat steps 1 through 3 as many times as necessary.
True False
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Technical advice memoranda are considered primary authority for any taxpayer in a similar tax situation.
True False
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Experienced tax professionals generally can answer most tax questions without the need for tax research.
True False
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Tax research may occur as part of tax compliance or tax planning.
True False
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Private letter rulings are authoritative only for the specific taxpayer to whom they are issued and cannot be relied on as authority by any other taxpayer.
True False
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Editorial explanations provided by electronic tax services are examples of secondary authority.
True False
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Effective tax research often omits the first two steps of the tax research process.
True False
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A single tax issue may result in multiple research questions.
True False
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A research memorandum is typically less detailed than a client letter in terms of discussing supporting legal authorities.
True False
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Professional tax research conclusions should always be based on relevant secondary authority.
True False
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In the citation Rev.Proc.2002-32,2002-1 C.B.959,the abbreviation C.B.refers to Congressional Bulletin.
True False
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If a trial court decision has been appealed and the appellate court reversed the trial court's decision,the trial court decision is considered authoritative.
True False
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In circumstances requiring an evaluative judgment,the tax researcher can provide a definitive answer to the research question.
True False
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Private letter rulings and technical advice memoranda are primary authority for those taxpayers to whom they were issued.
True False
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The first step in the tax research process is to locate relevant tax law authority.
True False
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Showing 1 - 20 of 82