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California State University, San Bernardino
Department of Accounting and Finance
ACCT 5360, Corporate and Partnership Taxation

Course and Instructor Information

Instructor:

John R. Dorocak, J.D., LL.M. (Tax), C.P.A.

THE ULTIMATE RIP-OFF: A TAXING TALE

Examination Questions

1.
Generally, if there is a no change year, the IRS does not audit a taxpayer more than how many years in a row?

a.
1

b.
2

c.
3

d.
5

e.
none of the above

2.
In the absence of fraud, the normal statute of limitation on an IRS audit is:

a.
2 years

b.
3 years

c.
5 years

d.
10 years

e.
none of the above

3.
The Treasury places restrictions on who is allowed to practice before it. Which of the below is not automatically allowed to practice before the Treasury department?

a.
attorney

b.
CPA

c.
M.S. in Taxation

d.
all of the above

e.
none of the above

4.
There is often a fine line between tax avoidance and tax evasion. Which of the following acts would indicate tax evasion?

a.
transaction designed to alleviate the burden of tax

b.
records kept in a manner as to conceal the nature of a transaction

c.
transaction designed to minimize the effects of new tax law

d.
all of the above

e.
none of the above

5.
If an agent were assigned an audit of an individual in a particular profession, where would he look for guidance on how to structure the audit?

a.
Internal Revenue Service Manual

b.
Dunn & Bradstreet Reports

c.
IRS Audit Guide- line

d.
all of the above

e.
none of the above

6.
What title do agents of Criminal Investigation Division of the IRS have?

a.
revenue agent

b.
collection agent

c.
special agent

d.

investigation agent

e.
none of the above

7.
The Criminal Investigation Division of the IRS investigates taxpayers suspected of what?

a.
fraud

b.
misrepresentation of fact

c.
concealment of evidence

d.
all of the above

e.
none of the above

8.
Routine investigations of a taxpayer initially involve what type(s) of agent?

a.
investigative agents

b.
special agents

c.
collection agents

d.
all of the above

e.
none of the above

9.
A strike force agent is also known as a (bird-dog( agent; his main function to uncover fraud. A strike-force agent is what

a.
revenue agent

b.
special agent

c.
collection agent

d.
all of the above

e.
none of the above

10
IRS agents use what term when referring to revenue?

a.
hotdog

b.
juice

c.
squeezings

d.
all of the above

e.
none of the above

11.
What is the title of the person whose job is to uncover dishonest Treasury Department employees?

a.
special agent

b.
revenue agent

c.
internal control agent

d.
internal security inspector

e.
none of the above

12.
What type of agent is called in when a dishonest IRS employee is found and outside taxpayers are suspected?

a.
revenue agent

b.
strike force agent

c.
special agent

d.
collection agent

e.
none of the above

13.
Often, a revenue agent will not be able to determine a taxpayer(s true income. The Supreme Court has validated this method for estimating the income.

a.
sworn testimony from ex-girlfriends

b.
indirect net worth method

c.
best guess since taxpayer has burden of proving IRS wrong in a civil suit

d.
all of the above

e.
none of the above

14.
Where is the National Computer Center of IRS?

a.
Washington, D.C.

b.
Martinsburg, W.V.

c.
Wayne, IN

d.
all of the above because the IRS has many computer sites which store taxpayer records depending upon the region.

e.
none of the above

15.
The IRS uses the Discriminant Function System (DIF) in order to choose returns for audit. What attributes of a taxpayer are considered in the DIF system?

a.
profession

b.
investment portfolio

c.
age

d.
all of the above if the IRS chooses

e.
none of the above

16.
What is the likelihood of a taxpayer(s return being audited?

a.
2%

b.
5%

c.
depends

d.
all of the above

e.
none of the above

17.
Under what circumstances may an agent prepare a jeopardy assessment?

a.
tax is due

b.
tax is payable

c.
an individual(s activities jeopardizes collection of tax

d.
all of the above

e.
none of the above

18.
In a criminal proceeding the IRS must show

a.
additional tax is due and owing

b.
the taxpayer attempted to evade or defeat a tax

c.
the taxpayer willfully attempted to evade or defeat a tax

d.
all of the above

e.
a. and c. above

19.
What are the official administrative interpretations of the Internal Revenue Code?

a.
IRS Revenue Manual

b.
Internal Revenue Manual

c.
Treasury Regulations

d.
all of the above

e.
none of the above

20.
The IRS Commissioner reports directly to the

a.
President of the United States

b.
Secretary of the Treasury

c.
Speaker of the House

d.
all of the above

e.
none of the above

21.
The IRS Commissioner is

a.
elected every four years during November

b.
confirmed by the House of Representatives

c.
appointed by the President of the United State

d.
all of the above

e.
none of the above

22.
Tax bills are required to be initiated by

a.
the President of the United States

b.
the Senate Finance Committee

c.
the House Ways and Means Committee

d.
any of the above

e.
none of the above

23.
If a taxpayer receives a notice of deficiency, he has

a.
30 days to take action

b.
60 days to take action

c.
90 days to take action

d.
all of the above

e.
none of the above

24.
An accountant has

a.
the automatic privilege to practice before the IRS

b.
confidentiality between himself and his client (attorney(s privilege)

c.
the right to advertise his privilege to practice before the IRS

d.
all of the above

e.
none of the above

25.
A civil penalty for fraud can be

a.
100% of tax due

b.
75% of the underpayment attributable to fraud

c.
there is no civil penalty for fraud because fraud is a criminal offense

d.
all of the above

e.
none of the above

26.
If a taxpayer wants to resolve a tax dispute in court, but does not wish to pay the alleged assessment, he must petition to the

a.
U.S. Claims Court

b.
U.S. District Court

c.
U.S. Tax Court

d.
any of the above

e.
none of the above

27.
The special agent who is the central character in The Ultimate Ripoff

a.
Carl Stroves

b.
Henry Silverman

c.
Yvoane Talbert

d.
Jeff Burke

e.
Jason Pabst

28.
A professional killer, who was hired to dispose of the central character is named:

a.
Debra Sweeney

b.
Jake Anderson

c.
Rick Garrison

d.
Jack Rosenbaum

e.
none of the above

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