Question 1

Which of the following is CORRECT regarding the Floor Debate Report?

Accepted Answer

A)  It is contained in the Congressional Record.
B)  Technical or detailed information excluded from the committee report(s) may be included.
C)  It summarizes the discussions made in the House or the Senate concerning a proposed tax bill.
D)  All of these are correct.

Question 2

The term "not less than 50" represents only those numbers which are more than 50.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following statements is INCORRECT regarding the reasons tax researchers may have difficulty in interpreting the Internal Revenue Code?

Accepted Answer

A)  Code sections can appear toconflict.
B)  Definitions can be significantly different from the common use of a term.
C)  All exceptions toa Code section are addressed within that same section.
D)  Frequently, phrases modify percentage or dollar amounts.

Question 4

Section 121(B) (2) (a) (b) (iii)would be a correct type of Code citation.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following statements is INCORRECT regarding tax treaties?

Accepted Answer

A)  They are authorized by the U.S. Constitution.
B)  They are usually initiated by the State Department, not the Treasury.
C)  The United States can have multiple types of tax treaties with one country.
D)  All of these are correct.

Question 6

Which of the following issues is NOT addressed by tax treaties?

Accepted Answer

A)  what tax disclosures must be made by a visitor toa host country
B)  treatment of business and investment income earned by a foreign visitor in the United States
C)  treatment of business and investment income earned by a foreign citizen in his home country
D)  how tocompute the taxable amount in the host country
E)  all of these are correct C

Question 7

List several issues that tax treaties commonly address.

Accepted Answer

Any tax matter may be covered in a tax t...

Question 8

Which of the following is an administrative source of the federal tax law issued by the IRS?

Accepted Answer

A)  court rulings
B)  Internal Revenue Code
C)  tax treaties
D)  revenue rulings
E)  none of these are correct

Question 9

Which of the following statements is CORRECT regarding the definition of terms in the Internal Revenue Code?

Accepted Answer

A)  All definitions are included in Section 7701.
B)  Definitions are always included within the Code section towhich they apply.
C)  Definitions are written intothe Code by the IRS rather than included in tax laws passed by Congress.
D)  Sometimes, a researcher may need toconsult the regulations tofind a complete definition of a term.

Question 10

What is a tax protester and what types of sanctions are tax protesters subject to?

Accepted Answer

A tax protester is someone whorefuses to...

Question 11

Describe the steps in the legislative process by which a tax bill becomes law.

Accepted Answer

Most tax legislation originates in the H...

Question 12

The current Internal Revenue Code is the:

Accepted Answer

A)  Internal Revenue Code of 2011
B)  Internal Revenue Code of 1986
C)  Internal Revenue Code of 1954
D)  none of these are correct B

Question 13

Which of the following statements is CORRECT regarding Committee Reports?

Accepted Answer

A)  They are published in the Internal Revenue Bulletin.
B)  They can be found in most subscription online tax services.
C)  They explain the elements of proposed tax law changes and reasons for the changes.
D)  All of these are correct.
E)  None of these are correct.

Question 14

The first federal income tax law was passed as a result of the:

Accepted Answer

A)  Civil War
B)  Mexican-American War
C)  Spanish-American War
D)  none of these are correct

Question 15

In the House of Representatives, tax law changes are primarily considered by:

Accepted Answer

A)  the Finance Committee
B)  a Conference Committee
C)  the Budget Committee
D)  the Ways and Means Committee D

Question 16

Treaties may expire because of a specific Congressional time limitation.

Accepted Answer

A) True 
 B)False

Question 17

P.L. 107-16 is the citation for:

Accepted Answer

A)  the Conference report on the 16th public law enacted in the 107th Congress
B)  the 16th public law enacted in the 107th Congress
C)  a public law enacted by Congress but not signed by the President
D)  none of these are correct

Question 18

The 16th Amendment tothe U.S. Constitution authorized the imposition of a Federal income tax.

Accepted Answer

A) True 
 B)False

Question 19

The Joint Conference Committee is called on toresolve differences between the House Ways and Means Committee version and the full House version of tax legislation.

Accepted Answer

A) True 
 B)False

Question 20

What information is included in the history of a Code section?

Accepted Answer

The history of a Code section includes a...

Exam 3: Constitutional and Legislative Sources

Which of the following is CORRECT regarding the Floor Debate Report?

Correct AnswerverifiedShow Answer

The term "not less than 50" represents only those numbers which are more than 50.

Correct AnswerverifiedShow Answer

Which of the following statements is INCORRECT regarding the reasons tax researchers may have difficulty in interpreting the Internal Revenue Code?

Correct AnswerverifiedShow Answer

Section 121(B) (2) (a) (b) (iii)would be a correct type of Code citation.

Correct AnswerverifiedShow Answer

Which of the following statements is INCORRECT regarding tax treaties?

Correct AnswerverifiedShow Answer

Which of the following issues is NOT addressed by tax treaties?

Correct AnswerverifiedC

List several issues that tax treaties commonly address.

Correct AnswerverifiedAny tax matter may be covered in a tax t...View AnswerShow Answer

Which of the following is an administrative source of the federal tax law issued by the IRS?

Correct AnswerverifiedShow Answer

Which of the following statements is CORRECT regarding the definition of terms in the Internal Revenue Code?

Correct AnswerverifiedShow Answer

What is a tax protester and what types of sanctions are tax protesters subject to?

Correct AnswerverifiedA tax protester is someone whorefuses to...View AnswerShow Answer

Describe the steps in the legislative process by which a tax bill becomes law.

Correct AnswerverifiedMost tax legislation originates in the H...View AnswerShow Answer

The current Internal Revenue Code is the:

Correct AnswerverifiedB

Which of the following statements is CORRECT regarding Committee Reports?

Correct AnswerverifiedShow Answer

The first federal income tax law was passed as a result of the:

Correct AnswerverifiedShow Answer

In the House of Representatives, tax law changes are primarily considered by:

Correct AnswerverifiedD

Treaties may expire because of a specific Congressional time limitation.

Correct AnswerverifiedShow Answer

P.L. 107-16 is the citation for:

Correct AnswerverifiedShow Answer

The 16th Amendment tothe U.S. Constitution authorized the imposition of a Federal income tax.

Correct AnswerverifiedShow Answer

The Joint Conference Committee is called on toresolve differences between the House Ways and Means Committee version and the full House version of tax legislation.

Correct AnswerverifiedShow Answer

What information is included in the history of a Code section?

Correct AnswerverifiedThe history of a Code section includes a...View AnswerShow Answer

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C

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Any tax matter may be covered in a tax t...
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A tax protester is someone whorefuses to...
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Most tax legislation originates in the H...
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B

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D

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The 16^th Amendment tothe U.S. Constitution authorized the imposition of a Federal income tax.

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The history of a Code section includes a...
View Answer