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1. Every tax bill which becomes law must comply with:

A. Treasury department policy B. Presidential economic and social policy B. The U.S. constitution D. None of the above

2. In general, the answer to all tax questions or issues must be traced to:

A. A tax textbook B. The Internal Revenue Code C. A supreme Court decision D. And IRS Letter Ruling

3. Administrative sources of the tax law, such as IRS regulations, revenue rulings and revenue procedures

A. Do not have the force of law because they are the opinions of the secretary of treasury B. Are official interpretations of the tax law made by the department of the treasury and the IRS C. All of the above D. Are generally drafted by the supreme court

4. Decisions of federal court on cases and controversies involving the application or interpretation of tax law are known as

A. Administrative authority B. Judicial authority C. Legislative authority D. None of the above

5. A regular tax court case is appealed to:

A. The court of appeals for the circuit in which the taxpayer resides B. The circuit court of appeals with the most favorable precedent C. None of the above D. The court of appeals for the federal circuit

6. Pursuant to the Golden Rule

A. The tax court must follow decisions of the court of appeals for the circuit in which the taxpayers appeal may be filed B. None of the above C. Two of the above D. The tax court must follow all circuit court of appeals decisions E. The tax court may deposit its own interpretation of the tax law, if the tax payers circuit court has not ruled on the matter.

7. A private letter ruling

A. Is issued in response to a question that arises during an audit B. Is a response to a specific taxpayers request for an official IRS interpretation of a tax law provision to that taxpayers given fact situation C. None of the above D. Is a district directors response to a taxpayers query regarding the tax consequences of a specific transaction or event

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