42.

Find the Revenue Procedure that provides the optional standard mileage
rate for 2013 for the business use of an auto. What is the standard mileage
rate? Provide a proper citation for the Revenue Procedure.
Rev. Proc. 2010-51. Notice 2012-72 contains the standard mileage rates

43. Locate a TAM to answer the question: Is a radio station license of like
kind to a television station license? Provide a proper citation for the TAM
and indicate its holding.
IRC 1031, TAM 20035005
Yes, radio station license is of like kind to a television station
license.

44. Locate a PLR to answer the question: Is racing fuel with 110 octane
subject to the gasoline excise tax? Provide a proper citation for the PLR and
indicate its holding.
PLR 200118012, not subject to gasoline excise tax due to not
classified, the racing fuel does not meet the ASTM specification for
gasoline.

45. Locate the 2012 Revenue Procedure that identifies the domestic tax
areas where the IRS will not issue rulings or determination letters. Provide a
proper citation for the Revenue Procedure. What are the four areas discussed
in the Revenue Procedure? Provide a specific example of a tax issue
identified under each of the four areas.

46. Locate a Revenue Ruling that answers the question: If an individual sells
stock at a loss and causes his Roth IRA to purchase substantially identical
stock within 30 days, is the loss on the sale of the stock disallowed? Provide
a proper citation for the Revenue Ruling and indicate its holding.

47. Locate a Regulation that provides guidance on the definition of

performance based compensation for purposes of the $1,000,000
compensation deduction limitation. Provide a proper citation for the
Regulation.

48. Locate the two AODs involving the 1967 Sidney Olson Tax Court case.
Provide a proper citation for each AOD. Why are there two AODs? Indicate
the holding of each AOD.

49. Locate an IRS Publication that would provide guidance to an individual

who became divorced during the year. What is the Publication number and
title?

50. Locate Action on Decision 2012-002. What case is referenced in the

AOD? Did the IRS issue an acquiesce or nonacquiesce in the case? Why is
this AOD so unusual?