Which of the following statements are false? (There are multiple correct answers)
Proposed Regulations are binding on the IRS and the taxpayer.
For tax purposes, dividends accrue on a daily basis.
Decisions of the Small Cases Division of the Tax Court can be appealed.
Dividends are generally taxed to the shareholders of record as of the record date.
One of the objectives of tax treaties with foreign countries is to avoid double taxation.
2. Which of the following statements are true?
(There are multiple correct choices and you must select them all in order to get full credit.)
Judicial decisions are a secondary source of tax law.
The Alternate Valuation Date is generally 6 months after the date of death.
Jury trials are not held in U.S. Tax Court.
A person's gross estate includes life insurance proceeds paid to the estate.
Proposed Regulations are binding on the IRS and the taxpayer.