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Unformatted text preview: that is structured utilizing the I.R.A.C. method. I.R.A.C. is an acronym for: I ssue(s), R ule(s), A nalysis and C onclusion. When writing a tax memorandum in practice, it is more common to see a variation of the IRAC method. Typically, you would see these general categories: 1. Taxpayer Facts and Issue(s) 2. Rules (Summary of relevant tax authorities) 3. Analysis (applying relevant tax authorities to tax payer facts and issues(s) 4. Conclusion In order to prepare yourself for workplace expectations, you are encouraged to modify your traditional IRAC format to the tax professional memorandum outlined here....
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This note was uploaded on 05/25/2011 for the course ACCT 420 taught by Professor Fidler during the Winter '08 term at Franklin.
- Winter '08