Exam (elaborations)

Test Bank for Federal Tax Research, 13th Edition by Roby Sawyers

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Course
Federal Tax

Institution
Federal Tax

Test Bank for Federal Tax Research, 13e 13th Edition by Roby Sawyers, Steven Gill. Full Chapters test bank are included with answers (Chapter 1 to 13) Part I: THE TAX RESEARCH ENVIRONMENT. 1. Introduction to Tax Practice and Ethics. 2. Tax Research Methodology. Part II: PRIMARY SOURCES OF FED...

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Federal Tax Research, 13th Edition by Roby B. Sawyers,William A. Raabe

Chapter 01 - Introduction to Tax Practice and Ethics

1. Tax compliance is the process of:
Complete Chapters ✅
a. filing necessary tax returns
b. gathering the financial information necessary to report taxable income
c. representing a taxpayer at an IRS audit
d. all of these are correct.

ANSWER: d
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-1 Elements of Tax Practice: Tax Compliance
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: FETR.SAWY.25.1.1 - Describe the elements of modern tax practice in the United
States
DATE CREATED: 12/18/2023 7:56 PM
DATE MODIFIED: 12/18/2023 7:56 PM

2. Tax evasion is:
a. a fraudulent act involving illegal nonpayment of taxes
b. one of the objectives of tax planning
c. an act of deferring tax payments to future periods
d. the same as tax avoidance, as both of them result in nonpayment of taxes

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 2-1 Rules and Ethics in Tax Practice: Circular 230
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: FETR.SAWY.25.1.2 - Explain and apply the sources of legal and ethical standards that
guide those who engage in tax practice
DATE CREATED: 12/18/2023 7:57 PM
DATE MODIFIED: 12/18/2023 7:57 PM

Page 1

,Chapter 01 - Introduction to Tax Practice and Ethics

3. Tax litigation is a process of:
a. participating in an administrative audit
b. settling tax-related disputes in a court of law
c. filing amended tax returns as prescribed by tax laws
d. arranging a taxpayer’s affairs to minimize tax liabilities

ANSWER: b
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 Elements of Tax Practice: Tax Litigation
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: FETR.SAWY.25.1.1 - Describe the elements of modern tax practice in the United
States
DATE CREATED: 12/18/2023 7:58 PM
DATE MODIFIED: 12/18/2023 7:59 PM

4. Regarding open transactions, which of the following statements is INCORRECT?
a. The transaction is not yet completed.
b. The practitioner can suggest changes to achieve a better tax result.
c. A tax practitioner has some degree of control over the client’s tax liability.
d. The practitioner can fix the problem by amending the client’s tax return.

ANSWER: d
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-2 Elements of Tax Practice: Tax Planning
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: FETR.SAWY.25.1.1 - Describe the elements of modern tax practice in the United
States
DATE CREATED: 12/18/2023 7:59 PM
DATE MODIFIED: 12/18/2023 7:59 PM

Page 2

,Chapter 01 - Introduction to Tax Practice and Ethics

5. Which of the following statements best describes Circular 230?
a. Circular 230 has been adopted by the AICPA as its set of rules of practice for CPAs.
b. Circular 230 is a set of Treasury Department ethical and legal standards for those engaging in practice before
the IRS.
c. Circular 230 is a set of internal rules at the IRS designed to protect tax practitioners from unfair discipline by
the IRS.
d. Circular 230 is a set of ethical rules for taxpayers.

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 2-1 Rules and Ethics in Tax Practice: Circular 230
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: FETR.SAWY.25.1.2 - Explain and apply the sources of legal and ethical standards that
guide those who engage in tax practice
DATE CREATED: 12/18/2023 8:00 PM
DATE MODIFIED: 12/18/2023 8:00 PM

6. Who can represent a taxpayer before the IRS Appeals Office under Circular 230?
a. a CPA
b. an officer of a corporation may represent the corporation
c. an attorney
d. all of these are correct.
e. both a CPA and an attorney

ANSWER: d
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 2-1 Rules and Ethics in Tax Practice: Circular 230
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: FETR.SAWY.25.1.2 - Explain and apply the sources of legal and ethical standards that
guide those who engage in tax practice
DATE CREATED: 12/18/2023 8:01 PM
DATE MODIFIED: 12/18/2023 8:01 PM

Page 3

, Chapter 01 - Introduction to Tax Practice and Ethics

7. In a closed transaction, the scope of tax planning is:
a. more limited as compared to an open transaction
b. limited by the IRS rules of practice
c. limited to presenting the taxpayer’s facts to the government in the most favorable, legal manner
d. more limited as compared to an open transaction and limited to presenting the taxpayer’s facts to the
government in the most favorable, legal manner

ANSWER: d
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-2 Elements of Tax Practice: Tax Planning
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: FETR.SAWY.25.1.1 - Describe the elements of modern tax practice in the United
States
DATE CREATED: 12/18/2023 8:02 PM
DATE MODIFIED: 12/18/2023 8:02 PM

8. Circular 230 includes rules on all of the following topics EXCEPT:
a. who is authorized to practice before the IRS
b. standards for “covered opinions”
c. compliance with state ethical requirements
d. a set of best practices to guide practitioners

ANSWER: c
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 2-1 Rules and Ethics in Tax Practice: Circular 230
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: FETR.SAWY.25.1.2 - Explain and apply the sources of legal and ethical standards that
guide those who engage in tax practice
DATE CREATED: 12/18/2023 8:03 PM
DATE MODIFIED: 12/18/2023 8:04 PM

Page 4

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Exam (elaborations)

Test Bank for Federal Tax Research, 13th Edition by Roby Sawyers

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