2ndPowerPoint(ACC600)

2ndPowerPoint(ACC600) - Tax Planning & Research...

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Unformatted text preview: Tax Planning & Research Week 2 Research Process 5 steps chapter 1, pp. 9-11 chapter 9, pp. 189-205 discussion of the research steps but not the financial accounting example chapter 7, pp. 148-152 Step 1 Identify Relevant Facts & Issues What is clients factual situation? listening learning what to ask ask more questions as research process progresses (iterative process) both tax and nontax considerations Step 1 Identify Relevant Facts & Issues (cont) Based on the facts, what are the important questions that need to be answered? a broad question may lead to several narrower questions fact versus law issues diamond necklace as gift or compensation example p. 128 dependency example CAN I TAKE MY SON WHO IS AWAY AT COLLEGE AS A DEPENDENT FOR 2008? For Electronic Research 1. State the Issue as a Question 2. Identify the Keywords important to the question unique enough to narrow search 3. Construct a Research Query using connectors (Boolean) using wildcards exact phrase Example A self-employed attorney incurs substantial...
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2ndPowerPoint(ACC600) - Tax Planning & Research...

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