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C239 - Advanced Tax Concepts (Ch.2) test questions (solved).
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C239 - Advanced Tax Concepts (Ch.2) test questions (solved).
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C239 - AdvancedTax Concepts
(Ch.2) test
questions
(solved)
Acquiescence - answer Agreement by the IRS
on the results reached in certain judicial
decisions; sometimes abbreviated Acq. or A.
Circuit Court of Appeals - answer Any of 13
Federal courts that consider tax matters
appealed from the U.S. Tax Court, a U.S.
District Court, or the U.S. Court of Federal
Claims. Appeal from a U.S. Court of Appeals
is to the U.S. Supreme Court by Certiorari.
, Citator - answer A tax research resource that
presents the judicial history of a court case
and traces the subsequent references to the
case. When these references include the
citating cases' evaluations of the cited case's
precedents, the research can obtain some
measure of the efficacy and reliability of the
original holding.
Court of original jurisdiction - answer The
Federal courts are divided into courts of
original jurisdiction and appellate courts. A
dispute between a taxpayer and the IRS is
first considered by a court of original
jurisdiction (i.e., a trial court). The four
Federal courts of original jurisdiction are the
U.S. Tax Court, the U.S. District Court, the
U.S. Court of Federal Claims, and the Small
Cases Division of the U.S. Tax Court.
Determination letters - answer Upon the
request of a taxpayer, the IRS will comment
on the tax status of a completed transaction.
Determination letters frequently are used to
determine whether a retirement or profit
sharing plan qualifies under the Code and to
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