In which Subchapter of the Internal Revenue Code

32. LO.1 In which Subchapter of the Internal Revenue Code would one find information about corporate distributions?
a. Subchapter S.
b. Subchapter C.
c. Subchapter P.
d. Subchapter K.
e. Subchapter M.

33. LO.1 To locate an IRS Revenue Procedure that was issued during the past week, which source would you consult?
a. Federal Register.
b. Internal Revenue Bulletin.
c. Internal Revenue Code.
d. Some other source.

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34. LO.1, 4 Rank the items below from most reliable to least reliable:
a. Letter Ruling.
b. Legislative Regulation.
c. Code Section.
d. Revenue Ruling.
e. Proposed Regulation.
f. Interpretive Regulation.
g. Recent Temporary Regulation.

35. LO.1, 2 Using the legend provided, classify each of the following citations as to publisher:
Legend
RIA = Research Institute of America
CCH = Commerce Clearing House
W = West
U.S. = U.S. Government
O = Others
a. 83–2 USTC ¶9600.
b. 52 AFTR 2d 83–5954.
c. 67 T.C. 293 (1976).
d. 39 TCM 32 (1979).
e. 416 U.S. 938.
f. RIA T.C. Memo. ¶80,582.
g. 89 S.Ct. 501.
h. 2 Cl.Ct. 600.
i. 415 F.2d 488.
j. 592 F.Supp. 18.
k. 77–37, 1977–2 C.B. 568.
l. S. Rep. No. 1622, 83rd Cong., 2d Sess. 42 (1954).

36. LO.6 Using the legend provided, classify each of the following statements:
Legend
A = Tax avoidance
E = Tax evasion
N = Neither
a. Sue writes a $707 check for a charitable contribution on December 28, 2013, but does not mail the check to the charitable organization until January 10, 2014. She takes a deduction in 2013.
b. Sam decides not to report interest income from a bank because the amount is only $19.75.
c. Harry pays property taxes on his home in December 2013 rather than waiting until February 2014.
d. Variet switches her investments from taxable corporate bonds to tax-exempt municipal bonds.
e. Mel encourages his mother to save most of her Social Security benefits so that he will be able to claim her as a dependent.