Tax Research Problem
Tom and Mary Jane Brady, new clients, have asked you for advice after receiving correspondence in the
mail from the IRS. You learn that the IRS is asking for documentation in support of the itemized
Accounting Day is Tuesday the
What does CPA stand for?
A fine is a tax for doing wrong. A tax is a fine
for doing well.
Where do homeless accountants live?
Can't Pass Again.
In a tax shelter
What do accountants suffer from that
ordinary people dont?
Maxims of Income
Rules or Maxims of Tax
No matter what position you are in, when
faced with a business decision, you must
weight the tax factor!
Your goal is to structure transactions to reduce
Understand and apply the six steps of the tax
Identify primary sources of tax law
Utilize secondary sources of tax law to locate
The Tax Researc
Taxes and Taxing Jurisdictions
Define tax, taxpayer, incidence, jurisdiction
Express the relationship between tax base, rate, and
revenue as a formula
Describe the taxes levied by local, state, and federal