Tax Research - Sources, Methods, and Documentation Virtual Seminar

The start date for this course has passed. Registration is no longer available.

This course is 2.00 credits
Field of Study
Course Level
Kaplan Financial Education

Registration Fees

MSCPA Member
AICPA Member
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Tuesday, Sep 29, 2020
9:00am – 11:00am

Due to the ongoing COVID-19 (coronavirus) pandemic, the MSCPA has made the difficult decision to make our scheduled live seminars in August virtual-only events. The topics, dates, times and CPE credits will remain the same, and you will learn from the same top-level speakers that you expected to see at our live programs.

Exactly how do you decide that a tax return position is “more likely than not” to be sustained when examined? If “substantial authority” is what you need to support a return position, how do you determine that? What is the value of proposed regulations? What authority are IRS return instructions? Which court decision is the strongest authority? Will your opinion, when issued, meet the requirements of Circular 230, Section 10.37? When should return positions be disclosed on Form 8275, or Form 8886? Answers to these questions,  
and 100 more questions about tax research procedures and authority, will be answered  in this program.

Designed For

Accounting and financial professionals who want to improve their tax research 
and documentation skills. May also be suitable for public practice.

Course Objectives

• Understand common tax terminology
• Locate and evaluate relevant authority on federal tax matters for application of reliance standards in Sec. 6694, FIN 48, and section 10.34 of circular 230
• Comply with professional standards relating to documenting information on which your tax research and resulting opinions are based
• Confirm conclusions by cross referencing code and regulations to commentaries and vice versa
• Clearly communicate results of your research in good form
• Recognize abusive tax transactions and avoid penalties

Major Subjects

• Relative weight of authorities
• Use of commonly available reference materials
• Relationship of various types of authority
• Frequently overlooked authority
• Evaluation of “more likely than not” tax return positions versus “substantial authority” and/or “reasonable basis”
• IRC Sec. 6662 reliance standards and penalties
• Convenient format for summary of research results
• Treasury Circular 230, paragraphs 10.33, 10.34, 10.35, and 10.37
• Electronic research options and tools

The start date for this course has passed. Registration is no longer available.