Test Bank for Federal Tax Research, 12th Edition by Roby Sawyers
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Course
Taxation
Institution
Taxation
Test Bank for Federal Tax Research 12e 12th Edition by Roby Sawyers; Steven Gill. ISBN 6462
Full Chapters test bank included (Ch 1 to 13)
Chapter 1: Introduction to Tax Practice and Ethics
1 Elements of Tax Practice
2 Rules and Ethics in Tax Practice
3 Nonregulatory Ethical Behavior Models...
Indicate whether the statement is true or false.
1. Enrolled actuaries are allowed to practice before the IRS.
a. True
b. False
2. The Sarbanes-Oxley Act addresses issues of corporate governance as well as the independence of auditors.
a. True
b. False
3. To become an enrolled agent, a person must either pass a special IRS examination or must work for the IRS for
at least five years.
a. True
b. False
4. A CPA can rely without verification on information given to the CPA by a taxpayer unless the information
appears to be incorrect.
a. True
b. False
5. Tax avoidance and tax evasion are both illegal.
a. True
b. False
6. Tax research is required only for tax planning, not preparing returns.
a. True
b. False
7. A member of the AICPA may never disclose confidential taxpayer information under the AICPA rules.
a. True
b. False
8. The ABA Model Code of Professional Responsibility has the force of law and covers all attorneys practicing in
the United States.
a. True
b. False
9. If a CPA becomes aware of an error in a tax return, he or she must immediately notify the IRS.
a. True
b. False
10. Tax planning has a higher likelihood of success when a tax practitioner is dealing with an open transaction instead
of a closed transaction.
a. True
b. False
Page 1
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