REG 2023 Exam Questions & Answers 100% CORRECT
US Court of Federal claim - ANSWERS-jurisdiction over claims for money damages against US
-claims for tax refund
-claims < $10,000
-statue of limitation = 6 years from the date claim arose
-court located in DC
-no jury trial
-...
US Court of Federal claim - ANSWERS-jurisdiction over claims for money damages against US
-claims for tax refund
-claims < $10,000
-statue of limitation = 6 years from the date claim arose
-court located in DC
-no jury trial
-pay tax liability then sue for refund
-16 judges
-losing party may appeal to the Circuit Court of appeals
-decision in court may be use as precedent
US Tax Court - ANSWERS-hears cases that involve federal tax laws
-decision = regular or memorandum
, -no payment required
-judges are tax experts
-has small claims division and regular tax court
-no jury
-losing party in "regular tax court may appeal)
30 days letter - ANSWERS-this is sent out first (before 90 days letter)
-taxpayer has 30 days to either request an administrative appeals conference or agree to the IRS
proposed adjustments
90 days letter - ANSWERS- taxpayer has 90 days to pay deficiency or file a petition with the US Tax court
U.S. District Courts - ANSWERS-the federal court system's trial courts of general jurisdiction
-judge is tax expert
-jury trial is an option
-1 judge
-pay tax liability then sue for refund
-losing party may appeal to the US Court of appeals
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