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ACCT 621 - Intro. to Taxation of Corporations...  

This guide should assist you with the research for your tax research assignments and any other tax research that may be necessary as you proceed with this course and your degree.
Last Updated: Sep 17, 2014 URL: http://guides.library.tamu.edu/acct621 Print Guide RSS UpdatesEmail Alerts

Tax Research Process Print Page
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Key Terms

Tax planning - process of arranging one's financial affairs to optimize tax liabilities

Tax compliance - the gathering of pertinent information, evaluation and classification of such information, and filing of necessary tax returns

Tax research - process undertaken to answer taxation questions (see tax research tab for more information)

Federal Tax Coordinator (FTC) – topical service, always current, textbook X 20

US Tax Reporter – annotated; arraigned by IRC

Citator - tool through which a tax researcher can learn the history of a case or ruling and evaluate the strength of its holdings; facilitates sorting through thousands of potentially pertinent federal tax authorities

*All definitions are taken from Federal Tax Research by William A. Raabe, Gerald E. Whittenburg, Debra L. Sanders, 7th ed., Mason, OH: Thomson/South-Western, 2006.

 

Primary Search Methods

  1. Keword
  2. Citation (code section, case name etc.)
  3. Table of Contents
  4. Date Range
  5. Index
  


 

Tax Research Process

  1. Establish the facts
  2. Identify the issues
  3. Locate authority (see process below)
  4. Evaluate authority
  5. Develop conclusions and recommendations
  6. Communicate reconmmendations

*You can read more about the Tax Research Process via Thomson Reuters/RIA here.

 

Locating Tax Authority

  1. State the issue as a question
  2. Identify kewords
  3. Construct a computer research query
  4. Select a database and execute the search
  5. Interpret and refine the search
 

Primary Sources (Original Pronouncements)

Statutory Sources

  • U.S. Constitution - source of federal tax laws
  • Tax Treaties - agreements negotiated between countries concerning the treatment of entities subject to tax in both countries
  • Interal Revenue Code - collection of laws that have been passed by Congress and incorporated in Title 26 of the United States Code.

Administrative Sources

  • Treasury Regulations - constitute the IRS's and, thereby, the Treasury's official interpretation of the Internal Revenue Code
  • Revenue Rulings - official pronouncements of the National Office of the IRS; deals wtih the application of the Code and Regulations to a specific factual situation
  • Revenue Procedures - internal practice and procedures of the IRS in the administration of tax laws; constitiute the IRS's way of releasing information
  • Other Writtern Determinations
  • Miscellaneous IRS Publications

Judicial Sources

  • Supreme Court
  • Courts of Appeals
  • District Courts
  • U.S. Court of Federal Claims
  • Tax Court
  • Tax Court, Small Cases Division

 

 

Secondary Sources (Interpretations of Primary Authority)

Tax Services - coordinated sets of reference materials that organize the tax authority into a usable format

  • Annotated - orgainzed by Internal Revenue Code section number
  • Topical - divide tax law into transactions and related subject matter with underlying tax principles as an organizing format

Tax Citators - tool through which a tax researcher can learn the history of a case or ruling and evaluate the strengths of its holdings

Tax Treatises - agreements negotiated between countries concerning the treatment of entities subject to tax in both countries

Tax Journals

Tax Newsletters

Tax Textbooks

 

  


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