1 / 24

Electronic and Printed Tax Services

Get the benefits of user indexes, tailor-made inquiries, speed, flexibility, and more current updates with electronic and printed tax services. Find information and documents easily.

lamberton
Download Presentation

Electronic and Printed Tax Services

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Electronic and Printed Tax Services Chapter 6

  2. Computer Tax Services Benefits • User indexes, using any significant term • Can tailor the inquiry to fit any specific tax problem • Speed and flexibility, including hypertext linking • Updates more current • Broad availability of information and documents

  3. Published v. Electronic • PublishedElectronic • Annotated Service √ • Topical Service √ • Everything √ • Currency√ • Index √ • Browsing √ • Full-text search √

  4. Major Electronic Tax Service Providers • RIA Checkpoint • CCH Tax Research Network • Kleinrock TaxExpert

  5. The First Step • Formulate the issue • Is it a question of deductibility? • If so, what kind of outlay is it? • What is the nature of the outlay that places its status in doubt? • Is it a business expense, page 2, other? • Do you already know the controlling IRC §

  6. The Issue • Is the $1,000 payment to Vendor on February 22 deductible? – will get you nowhere • Is the purchase of a processor at a cost of $1,000 deductible as a business expense? – better • Is the $1,000 purchase of a processor deductible as a business expense under IRC §162? – better, if you already know the controlling IRC § • Is the $1,000 purchase of a processor deductible as a business expense under IRC §162, or must it be capitalized under IRC §263A? - better

  7. The Issue (cont’d) • Does the $1,000 cost of a processor qualify as a deduction under IRC §179? • Much depends upon how much you already know about the controlling law, if any, when you begin your search • To begin with, some key works might be – • processor – deductible - capitalize

  8. The Beginning of the Search • Three search methods, depending upon how much you know about the controlling law • Keyword keyword search (obviously • IRC § cite search • Case name cite search • Content

  9. Published Tax Services Annotated Tax Services • CCH – Standard Federal Tax Reporter • RIA – United States Tax Reporter • Organized by IRC § • Hard copy “compilations” • Search by • Keyword – Index • Topic or Subject • Code Section • Case Name

  10. Published Tax Services Annotated Tax Services Code Section Organization • Service Annotation (not-authoritative) • Code section • Regulations • Other authorities • Cases • Revenue Rulings • Etc.

  11. Published Tax Services Topical Tax Services Subject matter or transactions • RIA’s Federal Tax Coordinator 2d • RIA’s Analysis of Federal Taxes: Income (Analysis) • BNA’s Tax Management Portfolios (Portfolios) • West’s Mertens Law of Federal Income Taxation (Mertens)

  12. IRS’s Website • Lots of info • Forms • Publications • Practitioner’s (info specifically needed by practitioners) www.irs.gov

  13. Questions ?

  14. Electronic and Printed Legal Services (Secondary Authorities) Chapter 7

  15. Electronic Legal Services • LexisNexis • BNA (Bureau of National Affairs) • Tax Management Portfolios • TaxCore – daily news service • Tax Analysts – very comprehensive • TaxBase • Tax Notes Today • Westlaw • Mertens – Law of Federal Income Taxation • Bittker & Loken Service

  16. Questions ?

  17. Journals, Newsletters, and Internet News Services Chapter 9

  18. Tax PeriodicalsSecondary Authorities • Annual proceedings • Scholarly reviews • Professional journals • Newsletters

  19. Tax Periodicals Annual Proceedings Annual tax professionals’ conferences • NYU Institute on Federal Taxation • University of Chicago Law School’s Annual Federal Tax Conference • USC’s Major Tax Planning Institute • Tulane Tax Institute • Penn State Tax Conference

  20. Tax Periodicals Scholarly Reviews Law and business schools’ law review or academic journal publications • Tax Law Review by NYU School of Law • Virginia Tax Review by University of Virginia School of Law • Boston University Journal of Tax Law / BU • Florida Tax Reviewby U of Florida

  21. Tax Periodicals Professional Tax Journals • AICPA’s Tax Adviser • ABA Section on Taxation’s Tax Lawyer • Warren, Gorham & Lamont’s • Journal of Taxation • Taxation for Accountants • Journal of Partnership Taxation • CCH’s Taxes

  22. Tax Periodicals Tax Newsletters • CCH’s • Tax News Direct • Taxes on Parade • BNA’s Daily Tax Report • Tax Analysts’ • Tax Base • Tax Notes

  23. Questions? ?

More Related