Questions from General Taxation


Q: What uniquely numbered part of the Internal Revenue Code does a tax

What uniquely numbered part of the Internal Revenue Code does a tax researcher usually cite?

See Answer

Q: What signal does the IRS give taxpayers to indicate that a court

What signal does the IRS give taxpayers to indicate that a court decision will not be followed?

See Answer

Q: If the taxpayer does not agree with proposed adjustments, what are

If the taxpayer does not agree with proposed adjustments, what are the alternatives available to a taxpayer who receives a 30-day letter?

See Answer

Q: Explain the meaning of hazards of litigation.

Explain the meaning of hazards of litigation.

See Answer

Q: What is the difference between a letter ruling and a revenue ruling

What is the difference between a letter ruling and a revenue ruling?

See Answer

Q: What does it mean when a Tax Court decision says that the

What does it mean when a Tax Court decision says that the decision has been entered under Rule 155?

See Answer

Q: What are the two documents that practitioners use to communicate the results

What are the two documents that practitioners use to communicate the results of their tax research?

See Answer

Q: Do taxpayers face only monetary fines or can they be sentenced to

Do taxpayers face only monetary fines or can they be sentenced to jail?

See Answer

Q: Ryan’s annual salary is $120,000 per year. He

Ryan’s annual salary is $120,000 per year. He asked his employer to pay $20,000 of his salary to his elderly grandmother who is in a nursing home. The employer pays $20,000 directly to the grandmother...

See Answer

Q: Explain how community property laws can affect the allocation of income between

Explain how community property laws can affect the allocation of income between spouses.

See Answer