Tax Research Midterm
Study online at https://quizlet.com/_9mm7ej
1. three elements of mod- compliance, planning, litigation
ern tax practice
2. explain the appellate
process
3. What are the district Trial-level federal courts that hear tax cases; jurisdiction is over the
courts? What are their entire US Code, not just the IRC;
jurisdiction? Must the yes; general
taxpayer pay a deficien-
cy before trial? Are they
general or specialized?
4. explain each part of 138 - volume number
the temporary citation: T.C. - Tax Court Reporter
Francis T. Foster, et ux. v. ______ indicates page number to be determined later
Commissioner, 138 T.C. 2012 - year of the decision
_____ (2012), No. 4. No. 4. - number of the case
(for a permanent citation, remove the No. 4. and fill the blank with the
page number)
5. remand sent back to lower court
6. summary judgement court ruling that no factual issues remain to be tried; therefore, cause
of action can be decided without trial
7. vacate a reversal or abandonment of a court's prior decision
8. briefly describe legisla- -changes to the IRC are passed by Congress and signed by the exec-
tive tax law utive branch into statutory law through the legislative process
-the US constitution and international tax treaties are also considered
legislative tax law
, Tax Research Midterm
Study online at https://quizlet.com/_9mm7ej
-some tax law the stems from legislative activities that are not codified
in the IRC
9. what are the 4 sections auditing and attestation (AUD), business environment and concepts
of the CPA exam? (BEC), financial accounting and reporting (FAR), and regulation (REG)
10. two components of tax tax return preparation and the preparation of the tax provision on a
compliance company's financial statements
11. tax return preparation gathering pertinent information, evaluating and classifying the infor-
mation, and filing the necessary tax returns with the appropriate govt
agency
12. tax planning the process of arranging one's financial affairs to minimize tax liabilities
13. tax research undertaken to answer taxation questions; includes (1) identification of
pertinent issues, (2) determination of proper authorities, (3) evalua-
tion of the appropriateness of these authorities, and (4) application of
these authorities
14. T/F: Reasoning in a case True
may be based on a previ-
ous case decision
15. T/F: Precedential value True
of a case is the legal
authority established by
the case
16. T/F: A citator may not True
always indicate when a
case or ruling is no
longer valid because of
changes in the Code
, Tax Research Midterm
Study online at https://quizlet.com/_9mm7ej
17. T/F: The citator provides True
the judicial history of the
case
18. T/F: Cited favorably indi- True
cates that the court used
the holding in the cited
case to support the cur-
rent case
19. ad valorem used to designate assessment of taxes based on property value
20. appellant party appealing a decision to a higher court
21. bona fide in good faith and without fraud or deceit
22. T/F: Cited without com- True
ment generally means
that the case was cited
but may not have been
an important determin-
ing factor in the subse-
quent case
23. T/F: Case distinguished True
indicates that the cited
case is not applicable
due to a difference in
fact or law
24. Types of searches for keyword search, index search, contents search, citation search
Checkpoint
Study online at https://quizlet.com/_9mm7ej
1. three elements of mod- compliance, planning, litigation
ern tax practice
2. explain the appellate
process
3. What are the district Trial-level federal courts that hear tax cases; jurisdiction is over the
courts? What are their entire US Code, not just the IRC;
jurisdiction? Must the yes; general
taxpayer pay a deficien-
cy before trial? Are they
general or specialized?
4. explain each part of 138 - volume number
the temporary citation: T.C. - Tax Court Reporter
Francis T. Foster, et ux. v. ______ indicates page number to be determined later
Commissioner, 138 T.C. 2012 - year of the decision
_____ (2012), No. 4. No. 4. - number of the case
(for a permanent citation, remove the No. 4. and fill the blank with the
page number)
5. remand sent back to lower court
6. summary judgement court ruling that no factual issues remain to be tried; therefore, cause
of action can be decided without trial
7. vacate a reversal or abandonment of a court's prior decision
8. briefly describe legisla- -changes to the IRC are passed by Congress and signed by the exec-
tive tax law utive branch into statutory law through the legislative process
-the US constitution and international tax treaties are also considered
legislative tax law
, Tax Research Midterm
Study online at https://quizlet.com/_9mm7ej
-some tax law the stems from legislative activities that are not codified
in the IRC
9. what are the 4 sections auditing and attestation (AUD), business environment and concepts
of the CPA exam? (BEC), financial accounting and reporting (FAR), and regulation (REG)
10. two components of tax tax return preparation and the preparation of the tax provision on a
compliance company's financial statements
11. tax return preparation gathering pertinent information, evaluating and classifying the infor-
mation, and filing the necessary tax returns with the appropriate govt
agency
12. tax planning the process of arranging one's financial affairs to minimize tax liabilities
13. tax research undertaken to answer taxation questions; includes (1) identification of
pertinent issues, (2) determination of proper authorities, (3) evalua-
tion of the appropriateness of these authorities, and (4) application of
these authorities
14. T/F: Reasoning in a case True
may be based on a previ-
ous case decision
15. T/F: Precedential value True
of a case is the legal
authority established by
the case
16. T/F: A citator may not True
always indicate when a
case or ruling is no
longer valid because of
changes in the Code
, Tax Research Midterm
Study online at https://quizlet.com/_9mm7ej
17. T/F: The citator provides True
the judicial history of the
case
18. T/F: Cited favorably indi- True
cates that the court used
the holding in the cited
case to support the cur-
rent case
19. ad valorem used to designate assessment of taxes based on property value
20. appellant party appealing a decision to a higher court
21. bona fide in good faith and without fraud or deceit
22. T/F: Cited without com- True
ment generally means
that the case was cited
but may not have been
an important determin-
ing factor in the subse-
quent case
23. T/F: Case distinguished True
indicates that the cited
case is not applicable
due to a difference in
fact or law
24. Types of searches for keyword search, index search, contents search, citation search
Checkpoint
