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TRUE/FALSEWestern Federal Taxation 2021 Individual Income Taxes 44
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1 :dRulesdofdtaxdlawddodnotdincludedRevenuedRulingsdanddRevenuedProcedures.
Ad:dtrue
Bd:dfalse
CorrectdAnswerd:dB
2 :dAdtaxdprofessionaldneeddnotdworrydaboutdthedrelativedweightdofdauthoritydwithindthedvariousdtaxdl
awdsources.
Ad:dtrue
Bd:dfalse
CorrectdAnswerd:dB
3 :dIndrecentdyears,dCongressdhasdbeendrelativelydsuccessfuldindsimplifyingdthedInternaldRevenued
Code.
Ad:dtrue
Bd:dfalse
CorrectdAnswerd:dB
4 :dAdtaxpayerdshoulddalwaysdminimizedhisdordherdtaxdliability.
Ad:dtrue
Bd:dfalse
CorrectdAnswerd:dB
5 :dThedfirstdcodificationdofdthedtaxdlawdoccurreddind1954.
Ad:dtrue
Bd:dfalse
CorrectdAnswerd:dB
6 :dThisdInternaldRevenuedCodedsectiondcitationdisdincorrect:d§d212(1).
Ad:dtrue
Bd:dfalse
CorrectdAnswerd:dB
7 :dSubchapterdDdrefersdtodthed“CorporatedDistributionsdanddAdjustments”dsectiondofdthedInternald
RevenuedCode.
Ad:dtrue
Bd:dfalse
CorrectdAnswerd:dB
8 :dIndgeneral,dRegulationsdaredissueddimmediatelydafterdadstatutedisdenacted.
Ad:dtrue
Bd:dfalse
mynursytest.store 1d/d15
,CorrectdAnswerd:dB
mynursytest.store 2d/d17
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Ad:dtrue
Bd:dfalse
CorrectdAnswerd:dB
10 :dRevenuedRulingsdissueddbydthedNationaldOfficedofdthedIRSdcarrydthedsamedlegaldforcedandde
ffectdasdRegulations.
Ad:dtrue
Bd:dfalse
CorrectdAnswerd:dB
11 :dAdRevenuedRulingdisdadjudicialdsourcedofdFederaldtaxdlaw.
Ad:dtrue
Bd:dfalse
CorrectdAnswerd:dB
12 :dThedfollowingdcitationdcoulddbedadcorrectdcitation:dRev.dRul.d95-271,1995-64dI.R.B.d18.
Ad:dtrue
Bd:dfalse
CorrectdAnswerd:dB
13 :dRevenuedProceduresddealdwithdthedinternaldmanagementdpracticesdanddproceduresdofdthedI
RS.
Ad:dtrue
Bd:dfalse
CorrectdAnswerd:dA
14 :dPost-1984dletterdrulingsdmaydbedsubstantialdauthoritydfordpurposesdofdthedaccuracy-
relateddpenaltydind§d6662.
Ad:dtrue
Bd:dfalse
CorrectdAnswerd:dA
15 :dAdletterdrulingdappliesdonlydtodthedtaxpayerdwhodasksdfordanddobtainsdadletterdruling.
Ad:dtrue
Bd:dfalse
CorrectdAnswerd:dA
16 :dThedIRSdisdnotdrequireddtodmakedadletterdrulingdpublic.
Ad:dtrue
Bd:dfalse
CorrectdAnswerd:dB
17d:dDeterminationdlettersdusuallydinvolvedcompleteddtransactions.
mynursytest.store 1d/d15