RIA and BNA Research Questions

Task: Answer each question using RIA and again using BNA. Record the answer to the question and cite to the proper paragraph number (or, if no paragraph number applies, some other description of the place) where you found your answer. Citing includes Internal Revenue Code Sections as well as Revenue Rulings and other Primary sources of documents.

1. What is the status of Rev. Rul. 57-127? That is, has it been modified or is it still valid?

2. Where is the text of Rev. Rul. 57-127 found in the RIA Federal Tax Coordinator? Where in the BNA Tax Portfolios can you find this information?

3. What is the full official citation of Rev. Rul. 57-127?

4. What, generally, is the subject matter of Rev. Rul. 57-127?

5. What is the most recent Tax Court opinion (complete citation) to reference, meaning the court either discussed, quoted, or cited Rev. Rul. 57-127?

6. What is the most recent Revenue Ruling to cite Rev. Rul. 57-127?

7. What is the effective date for the IRS to apply backup withholding requirements to payments made in settlement of 6050W(c) payment card transactions?

8. What case most recently referenced, meaning the court either discussed, quoted, or cited the Supreme Court version of Corn Products Refining Co.?

9. Briefly state what the case (decided in a District Court of Texas on May 4, 2009) of AT&T, Inc. v. U.S. was about. What is the proper citation for that 2009 case?

10. What is the status of the AT&T case above? That is, was it appealed to a circuit court? If so, state who won at the appellate level and give the citation. Did it go to the Supreme Court?

11. What is the name and home state of the Senate Finance Committee Chairman?

12. What revenue procedure provides the year 2015 inflation-adjusted depreciation limits on business automobiles?

13. In what Revenue Ruling did the IRS decide not to allow certain acquisition mergers to benefit from a "Section 338 stock purchase election" that would step up the basis of a target's assets to fair market value?

14. In what Revenue Ruling did the IRS specify that the premium a farmer paid for artificially impregnated cows represented his basis in the calves born later? Has this ruling ever been modified by the IRS?

15. What was the amount of the standard deduction for single taxpayers in 2016?