,DOWNLOAD THE Test Bank for Essentials of Federal Taxation 2017 8th Editio
g g g g g g g g g g g
n Spilker g
Chapter 02 g g
Tax Compliance, the IRS, and Tax Authorities
g g g g g g
Trueg/gFalsegQuestions
1. Corporationsgaregrequiredgtogfilegagtaxgreturngannuallygregardlessgofgtheirgtaxablegincome.
True False
2. Thegtaxgreturngfilinggrequirementsgforgindividualgtaxpayersgonlygdependgongthegtaxpayer'sgfiling
gstatus.
True False
3. Ifgagtaxpayergisgduegagrefund,gshegdoesgnotghavegtogfilegagtaxgreturn.
True False
4. IfgAprilg15thg fallsgongagSaturday,gthegduegdategforgindividualgtaxgreturnsgwillgbegongMonday,gApril
g17th.
True False
5. Ifgangindividualgtaxpayergisgunablegtogfilegagtaxgreturngbygitsgoriginalgduegdate,gthegtaxpayergcan
grequestgangautomaticg9-monthgextensiongtogfilegthegreturn.
True False
6. Angextensiongtogfilegagtaxgreturngdoesgnotgextendgthegduegdategforgtaxgpayments.
True False
2-1
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HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-HillgEducation.
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,DOWNLOAD THE Test Bank for Essentials of Federal Taxation 2017 8th Editio
g g g g g g g g g g g
n Spilker g
7. ThegstatutegofglimitationsgforgIRSgassessmentggenerallygendsgfourgyearsgaftergthegdategagtaxgreturn
gisgfiled.
True False
8. Forgfraudulentgtaxgreturns,gthegstatutegofglimitationsgforgIRSgassessmentgisgtengyears.
True False
9. ThegIRSgDIFgsystemgchecksgeachgtaxgreturngforgmathematicalgmistakesgandgerrors.
True False
10. Joelgreportedgaghighgamountgofgcharitablegcontributionsgasgagdeductiongonghisgindividualgtaxgreturn
grelativegtogtaxpayersgwithgsimilargincomeglevels.gTheginformationgmatchinggprogramgisgthegIRSgpr
ogramgmostglikelygtogidentifygJoel'sgtaxgreturngforgaudit.
True False
11. OfficegexaminationsgaregthegmostgcommongtypegofgIRSgaudit.
True False
12. ThegthreegbasicgtypesgofgIRSgexaminationsgaregcomputergexams,gofficegexams,gandgbusiness
gexams.
True False
13. Theg"30-
day"gletterggivesgthegtaxpayergthegopportunitygtogrequestgangappealsgconferencegorgagreegtogagpro
posedgIRSgadjustmentgongthegtaxpayer'sgincomegtaxgreturn.
True False
2-2
Copyrightg©g2017gMcGraw-
HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-HillgEducation.
mynursytest.store
, DOWNLOAD THE Test Bank for Essentials of Federal Taxation 2017 8th Editio
g g g g g g g g g g g
n Spilker g
14. Theg"90-
day"gletterggivesgthegtaxpayergthegopportunitygtogpaygagproposedgIRSgtaxgadjustmentgorgfilegagpe
titiongingthegU.S.gDistrictgCourtgtogcontestgthegadjustmentgandgheargthegcase.
True False
15. Ifgagtaxpayerghasglittlegcashgandgagverygtechnicalgtaxgcasegthatgshegfeelsgverygstronglygthatgthegtax
grulesgareg"onghergside,"gshegshouldgprefergtoghaveghergcasegtriedgingthegU.S.gTaxgCourt.
True False
16. Ingresearchinggagtaxgissue,gEricgfindsgthatgthegU.S.gCircuitgCourtgofgAppealsgforgthegFederalgCircuit
gpreviouslyghasgruledgingfavorgofghisgtaxgposition,gwhereasgtheg11thg Circuitg(Eric'sgcircuit)gpreviousl
yghasgruledgagainstghisgtaxgposition.gIfgEricgisgcontemplatingglitigatingghisgtaxgpositiongwithgthegIRS
,ghegshouldgprefergtoghaveghisgcasegfirstgtriedgbygthegU.S.gTaxgCourt.
True False
17. IfgagtaxpayerglosesgagcasegatgthegCircuitgCourtglevel,ghegisggrantedgangautomaticgappealghearing
gwithgthegSupremegCourt.
True False
18. Secondarygauthoritiesgaregofficialgsourcesgofgthegtaxglawgwithgaglesserg"weight"gthangprimary
gauthorities.
True False
19. Revenuegrulingsgandgrevenuegproceduresgaregexamplesgofgprimarygauthorities.
True False
20. ThegInternalgRevenuegCodegandgtaxgtreatiesgaregexamplesgofgstatutorygauthorities.
True False
2-3
Copyrightg©g2017gMcGraw-
HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-HillgEducation.
mynursytest.store
g g g g g g g g g g g
n Spilker g
Chapter 02 g g
Tax Compliance, the IRS, and Tax Authorities
g g g g g g
Trueg/gFalsegQuestions
1. Corporationsgaregrequiredgtogfilegagtaxgreturngannuallygregardlessgofgtheirgtaxablegincome.
True False
2. Thegtaxgreturngfilinggrequirementsgforgindividualgtaxpayersgonlygdependgongthegtaxpayer'sgfiling
gstatus.
True False
3. Ifgagtaxpayergisgduegagrefund,gshegdoesgnotghavegtogfilegagtaxgreturn.
True False
4. IfgAprilg15thg fallsgongagSaturday,gthegduegdategforgindividualgtaxgreturnsgwillgbegongMonday,gApril
g17th.
True False
5. Ifgangindividualgtaxpayergisgunablegtogfilegagtaxgreturngbygitsgoriginalgduegdate,gthegtaxpayergcan
grequestgangautomaticg9-monthgextensiongtogfilegthegreturn.
True False
6. Angextensiongtogfilegagtaxgreturngdoesgnotgextendgthegduegdategforgtaxgpayments.
True False
2-1
Copyrightg©g2017gMcGraw-
HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-HillgEducation.
mynursytest.store
,DOWNLOAD THE Test Bank for Essentials of Federal Taxation 2017 8th Editio
g g g g g g g g g g g
n Spilker g
7. ThegstatutegofglimitationsgforgIRSgassessmentggenerallygendsgfourgyearsgaftergthegdategagtaxgreturn
gisgfiled.
True False
8. Forgfraudulentgtaxgreturns,gthegstatutegofglimitationsgforgIRSgassessmentgisgtengyears.
True False
9. ThegIRSgDIFgsystemgchecksgeachgtaxgreturngforgmathematicalgmistakesgandgerrors.
True False
10. Joelgreportedgaghighgamountgofgcharitablegcontributionsgasgagdeductiongonghisgindividualgtaxgreturn
grelativegtogtaxpayersgwithgsimilargincomeglevels.gTheginformationgmatchinggprogramgisgthegIRSgpr
ogramgmostglikelygtogidentifygJoel'sgtaxgreturngforgaudit.
True False
11. OfficegexaminationsgaregthegmostgcommongtypegofgIRSgaudit.
True False
12. ThegthreegbasicgtypesgofgIRSgexaminationsgaregcomputergexams,gofficegexams,gandgbusiness
gexams.
True False
13. Theg"30-
day"gletterggivesgthegtaxpayergthegopportunitygtogrequestgangappealsgconferencegorgagreegtogagpro
posedgIRSgadjustmentgongthegtaxpayer'sgincomegtaxgreturn.
True False
2-2
Copyrightg©g2017gMcGraw-
HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-HillgEducation.
mynursytest.store
, DOWNLOAD THE Test Bank for Essentials of Federal Taxation 2017 8th Editio
g g g g g g g g g g g
n Spilker g
14. Theg"90-
day"gletterggivesgthegtaxpayergthegopportunitygtogpaygagproposedgIRSgtaxgadjustmentgorgfilegagpe
titiongingthegU.S.gDistrictgCourtgtogcontestgthegadjustmentgandgheargthegcase.
True False
15. Ifgagtaxpayerghasglittlegcashgandgagverygtechnicalgtaxgcasegthatgshegfeelsgverygstronglygthatgthegtax
grulesgareg"onghergside,"gshegshouldgprefergtoghaveghergcasegtriedgingthegU.S.gTaxgCourt.
True False
16. Ingresearchinggagtaxgissue,gEricgfindsgthatgthegU.S.gCircuitgCourtgofgAppealsgforgthegFederalgCircuit
gpreviouslyghasgruledgingfavorgofghisgtaxgposition,gwhereasgtheg11thg Circuitg(Eric'sgcircuit)gpreviousl
yghasgruledgagainstghisgtaxgposition.gIfgEricgisgcontemplatingglitigatingghisgtaxgpositiongwithgthegIRS
,ghegshouldgprefergtoghaveghisgcasegfirstgtriedgbygthegU.S.gTaxgCourt.
True False
17. IfgagtaxpayerglosesgagcasegatgthegCircuitgCourtglevel,ghegisggrantedgangautomaticgappealghearing
gwithgthegSupremegCourt.
True False
18. Secondarygauthoritiesgaregofficialgsourcesgofgthegtaxglawgwithgaglesserg"weight"gthangprimary
gauthorities.
True False
19. Revenuegrulingsgandgrevenuegproceduresgaregexamplesgofgprimarygauthorities.
True False
20. ThegInternalgRevenuegCodegandgtaxgtreatiesgaregexamplesgofgstatutorygauthorities.
True False
2-3
Copyrightg©g2017gMcGraw-
HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-HillgEducation.
mynursytest.store
