Chapter 2 - Chapter 2 Working with the Tax Law Tax Research is the method by which an interested party determines the best solution to a tax situation

Chapter 2 - Chapter 2 Working with the Tax Law Tax Research...

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Chapter 2: Working with the Tax Law Tax Research is the method by which an interested party determines the best solution to a tax situation. It involves the following research: Identifying and refining the problem Locating the appropriate tax law source Assessing the validity of the tax law sources Arriving at the solution or at alternative solutions with due consideration given to nontax factors. What should accountants care to know anything about tax research? Laws change all the time & impossible to remember them all. Authoritative Sources Primary or “Authoritative” o Internal Revenue Code (statutory authority) (26 U.S.C is first then 26 C.F.R) o Treasury Regulations (administrative authority) o Internal Revenue Service Rulings (administrative authority) o Judicial Authority Secondary or “reference” o Looseleaf tax reference services o Periodicals o Textbooks o Treatises o Published papers from tax institutes o Symposia o Newsletters
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