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WCC FINAL EXAM TEST BANK 2 LATEST 2026 ACTUAL EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (100%
VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
What is the significance of the Supreme Court's ruling on tax
obligations? - ANSWER-It emphasizes the importance of prompt
and forthright fulfillment of duties to pay taxes.
What is required for a conviction of a tax crime? - ANSWER-The
defendant must have acted willfully, intending to commit the acts
charged and intending to violate the law.
What defenses can a defendant use against tax crime charges? -
ANSWER-Defenses of good faith, legal uncertainty, and reliance
on professional advice.
What are the elements of filing a false return under 26 U.S.C.
7206? - ANSWER-1) Signed a tax return under penalty of perjury;
2) The return was false; 3) The falsity was material; 4) Acted
willfully.
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What is the penalty for filing a false return? - ANSWER-Up to
three years in prison and fines up to $100,000 for individuals or
$500,000 for corporations.
What constitutes tax evasion under 26 U.S.C. 7201? - ANSWER-
Underpaying taxes, engaging in an affirmative act of evasion, and
acting willfully.
What are the penalties for tax evasion? - ANSWER-Up to five
years in prison and fines up to $100,000 for individuals or
$500,000 for corporations.
What does 'failure to file' entail under 26 U.S.C. 7203? -
ANSWER-Failing to file a return, pay a required tax, keep records,
or supply information, acting willfully.
What is the classification of 'failure to file' as a crime? - ANSWER-
It is classified as a misdemeanor.
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What does the term 'materiality' refer to in the context of false
returns? - ANSWER-Whether the statement had the capacity to
interfere with the government's ability to monitor and determine
the tax owed.
What is the difference between tax evasion and simply failing to
file taxes? - ANSWER-Tax evasion requires an affirmative act to
hide income or fraudulently reduce tax liability, while failing to file
is inaction.
What is the maximum penalty for criminal tax violations? -
ANSWER-Up to one year in prison and a $25,000 fine for
individuals or a $100,000 fine for corporations.
What is required for a criminal tax prosecution to proceed? -
ANSWER-Multiple levels of approval including a criminal
investigative agent, regional IRS counsel, DOJ Tax Division, and
local U.S. Attorney's Office.
What is the goal of maintaining consistency in tax prosecutions? -
ANSWER-To avoid disparities in charges across different districts.
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What is the role of expert witnesses in court? - ANSWER-To
simplify complex facts and assist the judge/jury in evaluating
material facts at trial.
What are the four criteria for expert testimony under FRE 702? -
ANSWER-1. Knowledge helps determine a fact at issue; 2. Based
on sufficient facts or data; 3. Product of reliable principles and
methods; 4. Principles applied reliably to the facts of the case.
What are the types of witnesses in a trial? - ANSWER-Fact (lay),
character, summary, and expert witnesses.
What is a Daubert challenge? - ANSWER-A challenge to exclude
an expert's testimony based on its reliability or relevance under
FRE 702.
What are the Daubert factors for determining reliability? -
ANSWER-1. Testability of the expert's theory; 2. Peer review and
publication; 3. Known or potential error rate; 4. Existence of
WCC FINAL EXAM TEST BANK 2 LATEST 2026 ACTUAL EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (100%
VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
What is the significance of the Supreme Court's ruling on tax
obligations? - ANSWER-It emphasizes the importance of prompt
and forthright fulfillment of duties to pay taxes.
What is required for a conviction of a tax crime? - ANSWER-The
defendant must have acted willfully, intending to commit the acts
charged and intending to violate the law.
What defenses can a defendant use against tax crime charges? -
ANSWER-Defenses of good faith, legal uncertainty, and reliance
on professional advice.
What are the elements of filing a false return under 26 U.S.C.
7206? - ANSWER-1) Signed a tax return under penalty of perjury;
2) The return was false; 3) The falsity was material; 4) Acted
willfully.
,2|Page
What is the penalty for filing a false return? - ANSWER-Up to
three years in prison and fines up to $100,000 for individuals or
$500,000 for corporations.
What constitutes tax evasion under 26 U.S.C. 7201? - ANSWER-
Underpaying taxes, engaging in an affirmative act of evasion, and
acting willfully.
What are the penalties for tax evasion? - ANSWER-Up to five
years in prison and fines up to $100,000 for individuals or
$500,000 for corporations.
What does 'failure to file' entail under 26 U.S.C. 7203? -
ANSWER-Failing to file a return, pay a required tax, keep records,
or supply information, acting willfully.
What is the classification of 'failure to file' as a crime? - ANSWER-
It is classified as a misdemeanor.
,3|Page
What does the term 'materiality' refer to in the context of false
returns? - ANSWER-Whether the statement had the capacity to
interfere with the government's ability to monitor and determine
the tax owed.
What is the difference between tax evasion and simply failing to
file taxes? - ANSWER-Tax evasion requires an affirmative act to
hide income or fraudulently reduce tax liability, while failing to file
is inaction.
What is the maximum penalty for criminal tax violations? -
ANSWER-Up to one year in prison and a $25,000 fine for
individuals or a $100,000 fine for corporations.
What is required for a criminal tax prosecution to proceed? -
ANSWER-Multiple levels of approval including a criminal
investigative agent, regional IRS counsel, DOJ Tax Division, and
local U.S. Attorney's Office.
What is the goal of maintaining consistency in tax prosecutions? -
ANSWER-To avoid disparities in charges across different districts.
, 4|Page
What is the role of expert witnesses in court? - ANSWER-To
simplify complex facts and assist the judge/jury in evaluating
material facts at trial.
What are the four criteria for expert testimony under FRE 702? -
ANSWER-1. Knowledge helps determine a fact at issue; 2. Based
on sufficient facts or data; 3. Product of reliable principles and
methods; 4. Principles applied reliably to the facts of the case.
What are the types of witnesses in a trial? - ANSWER-Fact (lay),
character, summary, and expert witnesses.
What is a Daubert challenge? - ANSWER-A challenge to exclude
an expert's testimony based on its reliability or relevance under
FRE 702.
What are the Daubert factors for determining reliability? -
ANSWER-1. Testability of the expert's theory; 2. Peer review and
publication; 3. Known or potential error rate; 4. Existence of
