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Exam 5: Tax Research

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Question 21

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Which of the following is not generally included in a tax research memorandum?

A) A statement of the pertinent facts
B) An analysis of the relevant sources of authority
C) The details of any advice given to the client as part of the research engagement
D) A bill for fees charged to the client for the research engagement

E) C) and D)
F) A) and D)

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Question 22

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In locating relevant authorities:

A) Only a novice researcher will use secondary authorities as a guide.
B) Experienced researchers always conduct their search in exactly the same way for every research project.
C) Tax researchers may consult more than one tax service.
D) Skilled researchers usually consult a broader range of library materials than novice researchers.

E) All of the above
F) A) and D)

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Question 23

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A citator may be used to determine the status of tax judicial decisions,revenue rulings,and revenue procedures.

The Citator is a rarely used,unimportant source of information about the status of judicial and administrative tax decisions.

When performing step two of the tax research process:

Which of the following is not a secondary authority?

Based on the citation Rev.Rul.89-157,1989-1 C.B.221:

Novice tax researchers tend to exam less material in the course of a tax research project than experienced tax researchers.

Which of the following is not primary authority on which to base tax research conclusions?

Private letter rulings are authoritative only for the specific taxpayer to whom they are issued and cannot be relied on as authority by any other taxpayer.

Tax research may occur as part of tax compliance or tax planning.

Which of the following primary authorities is least likely to provide a detailed description of facts to which a researcher can compare his or her client's fact pattern?

Tax services are typically organized either topically or by Code section.

When analyzing tax authorities,the researcher must decide if the authority requires a factual judgment or an evaluative judgment.The difference between the two can be described as follows:

Tax research typically occurs as part of the tax compliance process; it is rarely important in tax planning.

Which of the following is not a primary authority?

Alex inherited an antique diamond bracelet from her grandmother.She is thinking of selling the bracelet to raise cash for her college tuition and wonders about the tax consequences of such a sale.If you were to research this question using a keyword search in an electronic library,what keywords would you use? Propose three distinct keyword searches.

Which of the following statements regarding secondary authorities is false?

Editorial explanations found within a tax service are a type of primary authority.

Using an electronic research database such as Checkpoint,CCH Tax Research NetWork,or Lexis-Nexis,perform a keyword search that includes the phrase business expense and the keyword charity.Include both primary sources and editorial materials in your search. a.How many documents did your search retrieve? b.How many documents are primary authorities and how many are secondary authorities? c.Provide citations to two primary authorities and two secondary authorities.