100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Federal Tax Research $17.99
Add to cart

Exam (elaborations)

Federal Tax Research

 5 views  0 purchase
  • Course
  • Institution
  • Book

Federal Tax Research

Preview 2 out of 10  pages

  • September 10, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
avatar-seller
Solution Manual For Federal Tax Research, 13th Edition
by Roby Sawyers, Steven Gill


Which of the following statements describes the tax research process?

a. It is strictly linear.
b. It requires mechanical skills combined with critical thinking.
c. It requires the ability to use complex mathematical techniques to identify and
locate tax authorities.
d. All of the above. - ANSWER:B

All of the following are goals of tax research EXCEPT?

a. to balance the need for efficiency against the need for thoroughness
b. to balance the client's tax goals with the client's nontax, personal considerations
c. to find a defensible solution to a client's problem
d. to find a perfect solution to a client's problem, no matter how long it takes -
ANSWER:D

Collateral estoppel is a legal concept which:

a. allows relitigation on the same facts or same issues
b. bars relitigation on the same facts or same issues
c. requires that the court resolve factual issues in a taxpayer's favor
d. none of the above - ANSWER:B

The first step in the tax research process is to:

a. establish the facts
b. identify the issues
c. locate authority
d. evaluate authority - ANSWER:A

Once the initial facts have been gathered and the issues defined, the tax researcher
must:

a. develop conclusions and recommendations
b. evaluate the authority
c. contact the IRS
d. locate the authority - ANSWER:D

In a closed-fact problem, the main goal of tax research is to:

, a. determine several alternative courses of future action for the taxpayer
b. find support for an action the taxpayer has already taken
c. both a and b
d. none of the above - ANSWER:B

The final step of the tax research process is to:

a. develop conclusions and recommendations
b. communicate recommendations
c. document conclusions and recommendations
d. litigate the tax-related dispute - ANSWER:B

Which of the following statements is CORRECT regarding computerized tax research?

a. The method of constructing queries is the same for all databases.
b. Most online/computer tax services allow the use of connectors and wild cards.
c. If a query generates too little information, the researcher should add more unique
keywords.
d. All of the above are correct. - ANSWER:B

Tax research issues can be divided in two main categories. These are:

a. fact and law issues
b. primary and secondary issues
c. major and minor issues
d. internal and external issues
e. tax and nontax issues - ANSWER:A

Which of the following are basic connectors you can use to construct a search query?

a. google
b. not
c. or
d. *
e. only b and c - ANSWER:E

Which of the following represents a law issue?

a. intent of the transaction
b. definition of a term used in the code
c. date of transaction
d. location of the transaction
e. all of the above - ANSWER:B

The amount of a transaction represents a:

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller kushboopatel6867. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $17.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

52510 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$17.99
  • (0)
Add to cart
Added