Question 1

Define General and Legislative Regulations and explain the distinction.

Accepted Answer

General Regulations are issued under the...

Question 2

Both Revenue Rulings and Letter Rulings have the same precedential value as far as authority in tax matters is concerned.

Accepted Answer

A) True 
 B)False

Question 3

The IRS, as an administrative agency, is responsible for:

Accepted Answer

A)   formulating and interpreting the tax laws
B)   interpreting and enforcing the tax laws
C)   formulating and evaluating the tax laws
D)   planning and formulating the tax laws

Question 4

In the citation Rev Rul. 87-90, 1987-1 CB 198, the number '90' is the:

Accepted Answer

A)   Ruling number for the year.
B)   Year of ruling.
C)   Paragraph number in the CB.
D)   Volume number in the CB.

Question 5

Technical Advice Memoranda are issued in response to a request by an IRS agent.

Accepted Answer

A) True 
 B)False

Question 6

Revenue Procedures deal with:

Accepted Answer

A)   Specific taxpayer requests for the IRS's position on a tax issue.
B)   Applying the Code and Regulations to a specific factual situation.
C)   The internal practice and procedures of the IRS in the administration of the tax laws.
D)   All of the above.

Question 7

The U.S. Treasury Department is a part of the Internal Revenue Service.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is CORRECT with respect to Private Letter Rulings?

Accepted Answer

A)   They are issued by the IRS National Office in response to a specific taxpayer request.
B)   They can be cited as precedent by other taxpayers.
C)   They are published weekly by the IRS in the Internal Revenue Bulletin.
D)   They are also known as Technical Advice Memoranda.
E)   None of the above statements is correct.

Exam 4: Administrative Regulations and Rulings

Revenue Procedures deal with:

Correct Answer
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Define General and Legislative Regulations and explain the distinction.

Correct Answer
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General Regulations are issued under the...
View Answer

Both Revenue Rulings and Letter Rulings have the same precedential value as far as authority in tax matters is concerned.

Correct Answer
verified

In the citation Rev Rul. 87-90, 1987-1 CB 198, the number '90' is the:

Correct Answer
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Which of the following is CORRECT with respect to Private Letter Rulings?

Correct Answer
verified

The U.S. Treasury Department is a part of the Internal Revenue Service.

Correct Answer
verified

The IRS, as an administrative agency, is responsible for:

Correct Answer
verified

Technical Advice Memoranda are issued in response to a request by an IRS agent.

Correct Answer
verified

Exam 4: Administrative Regulations and Rulings

Revenue Procedures deal with:

Correct AnswerverifiedShow Answer

Define General and Legislative Regulations and explain the distinction.

Correct AnswerverifiedGeneral Regulations are issued under the...View AnswerShow Answer

Both Revenue Rulings and Letter Rulings have the same precedential value as far as authority in tax matters is concerned.

Correct AnswerverifiedShow Answer

In the citation Rev Rul. 87-90, 1987-1 CB 198, the number '90' is the:

Correct AnswerverifiedShow Answer

Which of the following is CORRECT with respect to Private Letter Rulings?

Correct AnswerverifiedShow Answer

The U.S. Treasury Department is a part of the Internal Revenue Service.

Correct AnswerverifiedShow Answer

The IRS, as an administrative agency, is responsible for:

Correct AnswerverifiedShow Answer

Technical Advice Memoranda are issued in response to a request by an IRS agent.

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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General Regulations are issued under the...
View Answer

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
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Correct Answer
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