Identify Which of the Following Statements Is False

question 95

Multiple Choice

Identify which of the following statements is false.

• A)Regular and memorandum decisions of the Tax Court are published by the government in the Tax Court of the United States Reports.
• B)The citation Cristofani, 97 T.C. 74 (1991)indicates that the decision is a regular decision of the Tax Court.
• C)The citation Estate of Newhouse, 94 T.C. 193 (1990), nonacq. 1991-1 C.B. 1 indicates that the IRS did not formally disagree with this 1990 Tax Court decision until 1991.
• D)The Board of Tax Appeals preceded the Tax Court.

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Definitions:

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.